Common use of TERMS AND DUTIES Clause in Contracts

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-four (24) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four (24) months unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Institution ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four (24) months three years, unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, Agreement and continuing on each anniversary date thereafter, the disinterested members of the board of directors of the Bank Institution (the "Board") may extend the Agreement for an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years, unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("Board") Board may extend the Agreement an additional year such that the remaining term of the Agreement shall be twentythirty-four six (2436) months unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written July 1, 2003, and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this AgreementJuly 1, 2004 and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("“Board"”) may extend the Agreement an additional year such that the remaining term of the Agreement shall be twentythirty-four six (2436) months unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's ’s performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's ’s meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on at each anniversary date thereafter, the disinterested members Board of the board of directors Directors of the Bank ("Board") ), may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this the Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining determining, whether to extend the Agreement Agreement, and the rationale and the results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-four ___________ (24___) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Association ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four be__________ (24____) months unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance perfonnance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-four (24) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four (24) months unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-twenty four (24) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Institution ("Board") may extend the Agreement for an additional year twelve (12) month period such that the remaining term of the Agreement shall be twenty-four (24) months unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written July 1, 2008, and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this AgreementJuly 1, 2009, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("“Board"”) may extend the Agreement an additional year such that the remaining term of the Agreement shall be twentythirty-four six (2436) months unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's ’s performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's ’s meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four (24) months three years, unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Holding Company ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four (24) months three years, unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Institution ("Board") may extend the Agreement for an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Financial Services ("Board") may extend the Agreement for an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-four of____________ (24____) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on at each anniversary date thereafter, the disinterested members Board of Directors of the board of directors of the Bank Holding Company ("Board") ), may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four be_________ (24___) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this the Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement Agreement, and the rationale and the results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on at each anniversary date thereafter, the disinterested members Board of Directors of the board of directors of the Bank Holding Company ("Board") ), may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this the Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement Agreement, and the rationale and the results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-four _________ (24__) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Association ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four _____ (24__) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written Effective Date and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreementthe Effective Date, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("“Board"”) may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's ’s performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's ’s meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("“Board"”) may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's ’s performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's ’s meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-four (24) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Association ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four two (242) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written April 1, 2000, and shall continue for a period of twenty-four (24) full calendar months thereafter. Commencing on the first anniversary date of this Agreementor about April 30, 2001, and continuing on each anniversary April 30th thereafter, the disinterested members of the board of directors of the Bank Association (the "Board") may extend the Agreement an additional year for a period of time such that the remaining term of the Agreement shall be twenty-four two (242) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-four of____________ (24____) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on at each anniversary date thereafter, the disinterested members Board of the board of directors Directors of the Bank ("Board") ), may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four be_________ (24___) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this the Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining determining, whether to extend the Agreement Agreement, and the rationale and the results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four (24) six full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Institution ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four (24) months three years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twenty-twenty- four (24) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("Board") may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four two (242) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 9 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written March 23, 1998, and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this AgreementJuly 30, 1998, and continuing on each anniversary July 30th thereafter, the disinterested members of the board of directors of the Bank Association ("Board") may extend the Agreement an additional year for a period of time such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("“Board"”) may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's ’s performance annually for purposes of determining whether to extend the Agreement Agreement, and the rationale and results thereof shall be included in the minutes of the Board's ’s meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank Institution ("Board") may extend the Agreement for an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement and the rationale and results thereof shall be included in the minutes of the Board's meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of twentythirty-four six (2436) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing on each anniversary thereafter, the disinterested members of the board of directors of the Bank ("“Board"”) may extend the Agreement an additional year such that the remaining term of the Agreement shall be twenty-four three (243) months years unless the Executive elects not to extend the term of this Agreement by giving written notice in accordance with Section 8 of this Agreement. The Board will review the Agreement and Executive's ’s performance annually for purposes of determining whether to extend the Agreement Agreement, and the rationale and results thereof shall be included in the minutes of the Board's ’s meeting. The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended.