Common use of Status of Agreement Clause in Contracts

Status of Agreement. This agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this agreement restrict the right of the Bank's Shareholders to replace the Director or the right of the Director to terminate his service.

Appears in 10 contracts

Samples: Director's Deferred Compensation Agreement (Juniata Valley Financial Corp), Director's Compensation Agreement (Juniata Valley Financial Corp), Director's Compensation Agreement (Juniata Valley Financial Corp)

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Status of Agreement. This agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this agreement restrict the right of the Bank's ’s Shareholders to replace the Director or the right of the Director to terminate his service.

Appears in 9 contracts

Samples: Compensation Agreement (Riverview Financial Corp), Deferred Income Agreement (Jacksonville Bancorp, Inc.), Deferred Income Agreement (Jacksonville Bancorp, Inc.)

Status of Agreement. This agreement Agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this agreement Agreement restrict the right of the Bank's Shareholders ’s shareholders to replace the Director or the right of the Director to terminate his service.

Appears in 3 contracts

Samples: Deferred Income Agreement (United Financial Bancorp Inc), Deferred Income Agreement (Profile Bancorp Inc), Deferred Income Agreement (United Financial Bancorp Inc)

Status of Agreement. This agreement Agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this agreement Agreement restrict the right of the Bank's Shareholders ’s shareholders to replace the Director or the right of the the, Director to terminate his service.

Appears in 1 contract

Samples: Deferred Income Agreement (United Financial Bancorp Inc)

Status of Agreement. This agreement Agreement does not constitute a ------------------- contract of -------------------- employment between the parties, nor shall any provision of this agreement Agreement restrict the right of the Bank's Shareholders to replace the Director or the right of the Director to terminate his service.

Appears in 1 contract

Samples: Director's Compensation Agreement (National Bankshares Inc)

Status of Agreement. This agreement Agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this agreement restrict the right of the Bank's Shareholders ’s shareholders to replace the Director or the right of the Director to terminate his service.

Appears in 1 contract

Samples: Director’s Compensation Agreement (ENB Financial Corp)

Status of Agreement. This agreement Agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this Agreement constitute an agreement by the Bank, the Company, or shareholders of the Bank and the Company, to nominate or elect the Director as a director in the future or restrict the right of the shareholders of the Bank or the Company to remove the Director in accordance with the Bank's Shareholders to replace and the Company's charter and by-laws. The Director or retains the right to resign from the Board of the Director Directors or to terminate his servicedecline to stand for reelection.

Appears in 1 contract

Samples: Director's Compensation Agreement (Century Bancshares Inc)

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Status of Agreement. This agreement Agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this agreement Agreement restrict the right of the Bank's Shareholders to replace the Director or the right of the Director to terminate his service.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Franklin Financial Services Corp /Pa/)

Status of Agreement. This agreement does not constitute constitute’ a contract of -------------------- employment between the parties, nor shall any provision of this agreement restrict the right of the Bank's ’s Shareholders to replace the Director or the right of the Director to terminate his service.

Appears in 1 contract

Samples: Director's Compensation Agreement (First Advantage Bancorp)

Status of Agreement. This agreement Agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this Agreement constitute an agreement by the Bank, the Company, the shareholders of the Bank and the Company, to nominate or elect the Director as a director in the future or restrict the right of the shareholders of the Bank or the Company to remove the Director in accordance with the Bank's Shareholders to replace and the Company's charter and by-laws. The Director or retains the right to resign from the Board of the Director Directors or to terminate his servicedecline to stand for reelection.

Appears in 1 contract

Samples: Directors' Trust Agreement (Century Bancshares Inc)

Status of Agreement. This agreement Agreement does not constitute a contract of -------------------- employment between the parties, nor shall any provision of this agreement Agreement restrict the right of the Bank's Shareholders shareholders of the Bank or the Company to replace the Director Director, or the right of the Director to terminate his serviceresign from the Board of Directors or decline to stand for re-election.

Appears in 1 contract

Samples: Directors' Trust Agreement (Century Bancshares Inc)

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