Common use of Term and Duties Clause in Contracts

Term and Duties. (a) The period of Executive's employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary date. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association ("Board"), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the Association; provided, however, that, with the approval of the Board of the Association, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, will not present any conflict of interest with the Association, or materially affect the performance of Executive's duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A hereto.

Term and Duties. (a) The term of this Agreement and the period of Executive's ’s employment under this Agreement hereunder shall begin as of the date first above written Effective Date and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first day following the Effective Date, the term of this Agreement shall extend for one day each day until such time as the Board of Directors of the Company (the “Board”) or Executive elects not to extend the term of this Agreement by giving written notice to the other party of non-renewal (“Non-Renewal Notice”), in which case the term of this Agreement shall become fixed and shall end on the third anniversary of the date of such Non-Renewal Notice. Notwithstanding the foregoing, in the event that the Bank or the Company has entered into an agreement to effect a transaction which would be considered a Change in Control as defined under Section 5 hereof, then the term of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew automatically be extended for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary datethe date on which the Change in Control occurs. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association ("Board")absence, Executive shall will devote substantially all of his business time, attention, skill, skill and efforts to the faithful performance of his duties hereunder under this Agreement, including activities and services duties related to the organizationExecutive Position. Notwithstanding the preceding sentence, operation and management of the Association; provided, however, that, with subject to the approval of the Board of the Association, as evidenced by a resolution of such Board, from time to time, Executive may serveserve as a member of the board of directors of business, community and charitable organizations, provided that in each case such service shall not materially interfere with the performance of his duties under this Agreement, adversely affect the reputation of the Company or any other affiliates of the Company, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, will not present any conflict of interest with the Association, interest. (c) Nothing in this Agreement shall mandate or materially affect the performance prohibit a continuation of Executive's duties pursuant to this Agreement (it being understood that membership in and service on boards or committees ’s employment following the expiration of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes the term of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A heretoAgreement.

Term and Duties. (a) The period of Executive's employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary date. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association Bank ("Board"), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationBank; provided, however, that, with the approval of the Board of the AssociationBank, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, will not present any conflict of interest with the AssociationBank, or materially affect the performance of Executive's duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A hereto.

Term and Duties. (a) The period of Executive's ’s employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary date. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association ("“Board"”), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the Association; provided, however, that, with the approval of the Board of the Association, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's ’s judgment, will not present any conflict of interest with the Association, or materially affect the performance of Executive's ’s duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A hereto.

Term and Duties. (a) The period of Executive's employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary date. Prior to each notice period for non-renewal, the disinterested members of the board of directors ("Board") will conduct a performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board's meeting and communicated to Executive. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association ("Board"), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationBank; provided, however, that, with the approval of the Board of the AssociationBank, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, will not present any conflict of interest with the AssociationBank, or materially affect the performance of Executive's duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A hereto.

Term and Duties. (a) The period of Executive's ’s employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary date. On an annual basis prior to the deadline for the notice period referenced above, the board of directors of the Bank (“Board”) shall conduct a performance review of Executive for purposes of determining whether to provide notice of nonrenewal. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association Bank ("“Board"”), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationBank; provided, however, that, with the approval of the Board of the AssociationBank, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's ’s judgment, will not present any conflict of interest with the AssociationBank, or materially affect the performance of Executive's ’s duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A hereto.

Term and Duties. (a) The period term of Executive's employment under this Agreement shall begin commence as of the date first above written Effective Date and shall continue until the fifth anniversary of the Effective Date (the “Initial Term”). The Agreement will renew automatically for additional, successive twelve (12) month periods (each, a period of thirty-six (36“Renewal Term”, and collectively with the Initial Term, the “Term”) full calendar months thereafter. Commencing unless the Executive, on the first anniversary date of this Agreementone hand, or the Bank and continuing at each anniversary date thereafterthe Holding Company, on the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; providedother hand, however, if written delivers notice of nonrenewal is provided intent not to Executive renew at least ten ninety (10) days and not more than thirty (3090) days prior to any anniversary the applicable renewal date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary date. The Term may be terminated in accordance with Sections 4 and 5. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable approved leaves of absence approved by absence, the board of directors of the Association ("Board"), Executive shall devote substantially all of his business time, attention, skill, and efforts to the faithful performance of his duties hereunder hereunder, including activities and services related to the organization, operation and management of the AssociationHolding Company and the Bank; provided, however, that, with from time to time, the Executive may, subject to the Executive’s obligations hereunder (including Section 6) and contingent upon the prior written approval of the Board of Directors of the AssociationHolding Company, as evidenced by a resolution of such Boardapproval not to be unreasonably withheld or delayed, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, which will not present any conflict of interest with the Association, or materially affect the performance of the Executive's ’s duties pursuant to this Agreement (it being understood Agreement; provided that membership in and service the activities set forth on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval Schedule A shall be deemed provided as to service with any such business companies or organizations that Executive was serving as have been approved by the Board of Directors of the date Holding Company. The duties of this Agreement the Executive shall be as set forth in Exhibit A heretodirected by the Boards of Directors of the Holding Company and the Bank including, but not limited to, the direction of activities of all other officers and employees of the Holding Company and the Bank.

Term and Duties. (a) The period of Executive's employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) 36 full calendar months thereafter, provided that all changes intended to comply with Code Section 409A shall be retroactively effective to January 1, 2006; and provided further that no retroactive change shall affect the compensation or benefits previously provided to the Executive. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) 36 full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) 30 days prior to any anniversary date, the employment term of this Agreement shall not so renew. On an annual basis prior to the deadline for the notice period referenced above, the board of directors of the Company (the "Board of Directors") shall conduct a performance review of Executive hereunder shall cease at the end for purposes of thirty-six (36) months following such anniversary datedetermining whether to provide notice of nonrenewal. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association Bank ("Board"), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationBank; provided, however, that, with the approval of the Board of the AssociationBank, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, will not present any conflict of interest with the AssociationBank, or materially affect the performance of Executive's duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided to have been granted as to service with any such business companies company or organizations organization that Executive was serving as of the date of this Agreement as set forth in Exhibit A heretoAgreement.

Term and Duties. (a) The term of this Agreement and the period of Executive's ’s employment under this Agreement shall hereunder will begin as of the date first above written Effective Date and shall will continue for a period of thirty-six twelve (3612) full calendar months thereafter. Commencing on the first On each anniversary date of the Effective Date (the “Anniversary Date”), this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six twelve (3612) full calendar months; months provided, however, if written that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement. The Board shall give Executive notice of nonrenewal is provided its decision whether or not to Executive renew this Agreement at least ten thirty (1030) days and not more than thirty sixty (3060) days prior to any anniversary date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary dateAnniversary Date. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association ("Board"), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationBank; provided, however, that, that with the approval of the Board of the Association, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies business, social, religious, charitable or business organizations, which, in such Board's judgment, similar organizations which will not present any conflict of interest with the Association, Bank or materially affect the performance of Executive's ’s duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A heretoAgreement.

Term and Duties. (a) The period of Executive's employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the employment of Executive hereunder shall cease at the end of thirty-six (36) months following such anniversary date. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association Company ("BoardBoard of Directors"), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationCompany and the Bank; provided, however, that, with the approval of the Board of the AssociationCompany or the Bank, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, will not present any conflict of interest with the AssociationBank, or materially affect the performance of Executive's duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A hereto.

Term and Duties. (a) The period of Executive's ’s employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) 24 full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) 24 full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) 30 days prior to any anniversary date, the employment term of this Agreement shall not so renew. On an annual basis prior to the deadline for the notice period referenced above, the President and CEO of the Company (“CEO”) shall conduct a performance review of Executive hereunder shall cease at the end for purposes of thirty-six (36) months following such anniversary datedetermining whether to provide notice of nonrenewal. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association ("Board")CEO, Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationBank; provided, however, that, with the approval of the Board of the Association, as evidenced by a resolution of such BoardCEO, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's the CEO’s judgment, will not present any conflict of interest with the AssociationBank, or materially affect the performance of Executive's ’s duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board the CEO’s approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board CEO approval shall be deemed provided to have been granted as to service with any such business companies company or organizations organization that Executive was serving as of the date of this Agreement as set forth in Exhibit A heretoAgreement.

Term and Duties. (a) The period term of Executive's ’s employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six eighteen (3618) full calendar months thereafter. months; Commencing on the first anniversary date of this Agreement, and continuing at on each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six eighteen (3618) full calendar months; provided, however, if written months unless either party provides notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any the anniversary datedate of their intention that the Agreement shall not renew, the employment of Executive hereunder in which event this Agreement shall cease expire at the end of thirty-six (36) months following such anniversary datethe then current term. Prior to each notice period for nonrenewal, the Chief Executive Officer of the Employer will conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend the Agreement. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association ("Board")absence, Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationEmployer; provided, however, that, with the approval of the Board of Directors of the AssociationEmployer (the “Board”), as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serveserve (however, in the case of positions held at the date of execution of this Agreement, no further written approval is necessary, provided that written approval was previously received), on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's ’s judgment, will not present any conflict of interest with the AssociationEmployer, or materially affect the performance of Executive's ’s duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A hereto.

Term and Duties. (a) The period of Executive's employment under this Agreement shall begin begins as of the date first above written Effective Date and shall continue continues through the end of the calendar year in which the Effective Date occurs and then continues for a period of thirty-six (36) full calendar months thereafter. Commencing on , with January 1, 2008 being treated as the first anniversary date of this Agreement. Commencing on January 1, 2008, and continuing at each anniversary date January 1st thereafter, the this Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if unless a written notice of nonrenewal non-renewal (a "Non-Renewal Notice") is provided to Executive at least ten sixty (1060) days and not more than thirty ninety (3090) days prior to any anniversary dateJanuary 1st, that the term of this Agreement shall not so renew. On an annual basis prior to the deadline for the notice period referenced above, the employment Board shall conduct a performance review of Executive hereunder shall cease at the end for purposes of thirtydetermining whether to provide a Non-six (36) months following such anniversary dateRenewal Notice. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association ("Board"), Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder including activities and services related to the organization, operation and management of the AssociationBank; provided, however, that, with the approval of the Board of the AssociationBoard, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, will not present any conflict of interest with the AssociationBank, or materially affect the performance of Executive's duties pursuant to this Agreement (Agreement, it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided as to service with any such business companies or organizations that Executive was serving as of the date of this Agreement as set forth in Exhibit A hereto.

Term and Duties. (a) The period of Executive's ’s employment under this Agreement shall begin as of the date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the employment term of this Agreement shall not so renew. On an annual basis prior to the deadline for the notice period referenced above, the board of directors of the Company (the “Board of Directors”) shall conduct a performance review of Executive hereunder for purposes of determining whether to provide notice of nonrenewal. Notwithstanding the foregoing, in the event the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control under Section 5(a) hereof, then the term of this Agreement shall cease at the end of be extended and shall terminate thirty-six (36) months following such anniversary datethe date on which the Change in Control occurs. (b) During the period of his her employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence approved by the board of directors of the Association Bank ("“Board"”), Executive shall devote substantially all his her business time, attention, skill, and efforts to the faithful performance of his her duties hereunder including activities and services related to the organization, operation and management of the AssociationBank; provided, however, that, with the approval of the Board of the AssociationBank, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's ’s judgment, will not present any conflict of interest with the AssociationBank, or materially affect the performance of Executive's ’s duties pursuant to this Agreement (it being understood that membership in and service on boards or committees of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval shall be deemed provided to have been granted as to service with any such business companies company or organizations organization that Executive was serving as of the date of this Agreement as set forth in Exhibit A heretoAgreement.

Term and Duties. (a) The period of Executive's employment under this This Agreement shall begin be effective as of the date first above written on which the registration statement on Form S-1 filed by the Holding Company on June 19, 2018, with the Securities and Exchange Commission (the “Registration Statement”) becomes effective (the “Effective Date”). If the Registration Statement for any reason does not become effective, this Agreement shall be null and void, and the Prior Agreement and the Executive’s employment thereunder will continue on the terms and conditions set forth in the Prior Agreement. (b) The term of this Agreement shall be deemed to have commenced as of the Effective Date and shall continue for a period of thirty-six sixty (3660) full calendar months thereafterthereafter (“Term”). Commencing on the first anniversary date date, which is defined as the last day of this Agreement, and continuing at each anniversary date thereafterthe 60 month term, the Agreement shall will renew automatically for an additional year such that twelve (12) months unless the remaining term shall be thirty-six Agreement is otherwise terminated or amended by mutual agreement upon delivery of notice to the other party of intent not to renew within ninety (36) full calendar months; provided, however, if written notice of nonrenewal is provided to Executive at least ten (1090) days and not more than thirty of the renewal date (30) days prior to any anniversary date“Renewal Term”). Unless amended by the parties hereto in writing, the employment Renewal Term of Executive hereunder this Agreement shall cease at the end of thirty-six continue in this fashion in twelve (3612) months following such anniversary datemonth intervals. (bc) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable approved leaves of absence approved by absence, the board of directors of the Association ("Board"), Executive shall devote substantially all of his business time, attention, skill, and efforts to the faithful performance of his duties hereunder hereunder, including activities and services related to the organization, operation and management of the AssociationHolding Company and the Bank; provided, however, that, with the approval of the Board of the Association, as evidenced by a resolution of such Board, from time to time, the Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, business companies or business organizations, which, in such Board's judgment, which will not present any conflict of interest with the Association, or materially affect the performance of the Executive's ’s duties pursuant to this Agreement (it being understood that membership in and service on boards or committees Agreement. The duties of social, religious, charitable or similar organizations does not require Board approval pursuant to this Section 2(b)). For purposes of this Section 2(b), Board approval the Executive shall be deemed provided as to service with any such business companies or organizations that Executive was serving as directed by the Board of Directors of the date Holding Company and the Bank including, but not limited to, the direction of this Agreement activities of all other officers and employees of the Holding Company and the Bank as set forth their interests should appear in Exhibit A heretothe performance of their responsibilities and functions.