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 sixty (60) full calendar months thereafter. Commencing on the third anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than twenty (20) days prior to such anniversary date, that his employment shall cease at the end of twenty-four (24) months following the next 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, 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 Bank; provided, however, that with the approval of the Board of Directors of the Bank ("Board"), 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, companies or organizations, which, in such Board's judgment, will not present any conflict of interest with the Bank, or materially affect the performance of Executive's duties pursuant to this Agreement.

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced begin as of the date first above written and shall continue for a period of sixty thirty-six (6036) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than twenty thirty (2030) days prior to any such anniversary date, that his employment shall cease at the end of twenty-four (24) months following the next such anniversary date. Prior to each notice period for non-renewal, the disinterested members of the Board of Directors of the Bank ("Board") will conduct a comprehensive 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. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of 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 Bank; provided, however, that that, with the approval of the Board of Directors of the Bank ("Board"), 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, companies or organizations, which, in such Board's judgment, will not present any conflict of interest with the Bank, or materially affect the performance of Executive's duties pursuant to this Agreement.

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 sixty thirty-six (6024) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at on each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that a successive term of two (2) years, unless either party gives notice to the remaining term shall be three (3) years unless written notice is provided to Executive other party at least ten sixty (10) days and not more than twenty (2060) days prior to such anniversary date, the expiration of the initial or any renewal term that his employment this Agreement shall cease at the end of twenty-four (24) months following the next anniversary datenot renew. (b) During the period of his Executive’s employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of 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 BankBank and participation in community and civic organizations; provided, however, that that, with the approval of the Board board of Directors directors of the Bank ("“Board"”), 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, companies or organizations, which, in such Board's ’s judgment, will not present any conflict of interest with the Bank, or materially affect the performance of Executive's ’s duties pursuant to this Agreement. (c) Notwithstanding anything herein to the contrary, Executive’s employment with the Bank may be terminated by the Bank or Executive during the term of this Agreement, subject to the terms and conditions of this Agreement.

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 sixty (60) full calendar months thereafter. Commencing on the third anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than twenty (20) days prior to such anniversary date, that his employment shall cease at the end of twenty-four (24) months following the next 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, 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 Bank; provided, however, that with the approval of the Board of Directors of the Bank ("“Board"”), 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, companies or organizations, which, in such Board's ’s judgment, will not present any conflict of interest with the Bank, or materially affect the performance of Executive's ’s duties pursuant to this Agreement.

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 sixty thirty six (6036) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than twenty (20) days prior to any such anniversary date, that his employment shall cease at the end of twenty-four (24) months following the next such anniversary date. Prior to the written notice period for non-renewal, the Board of Directors of the Bank ("Board") will conduct a formal performance evaluation 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. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of 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 Bank; provided, however, that that, with the approval of the Board of Directors of the Bank ("Board"), 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, companies or organizations, which, in such Board's judgment, will not present any conflict of interest with the Bank, or materially affect the performance of Executive's duties pursuant to this Agreement.

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 sixty thirty-six (6036) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at on each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that the remaining a successive term shall be of three (3) years years, unless written either party gives notice is provided to Executive the other party at least ten sixty (10) days and not more than twenty (2060) days prior to such anniversary date, the expiration of the initial or any renewal term that his employment this Agreement shall cease at the end of twenty-four (24) months following the next anniversary datenot renew. (b) During the period of his Executive’s employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of 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 BankBank and participation in community and civic organizations; provided, however, that that, with the approval of the Board board of Directors directors of the Bank ("“Board"”), 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, companies or organizations, which, in such Board's ’s judgment, will not present any conflict of interest with the Bank, or materially affect the performance of Executive's ’s duties pursuant to this Agreement. (c) Notwithstanding anything herein to the contrary, Executive’s employment with the Bank may be terminated by the Bank or Executive during the term of this Agreement, subject to the terms and conditions of this Agreement.

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 sixty thirty-six (6036) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than twenty (20) days prior to any such anniversary date, that his her employment shall cease at the end of twenty-four (24) months following the next such anniversary date. Prior to each notice period for non-renewal, the Board of Directors of the Bank ("Board") will conduct a formal 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. (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, 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 Bank; provided, however, that that, with the approval of the Board of Directors of the Bank ("Board"), 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, companies or organizations, which, in such Board's judgment, will not present any conflict of interest with the Bank, or materially affect the performance of Executive's duties pursuant to this Agreement.

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 sixty thirty-six (6036) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than twenty (20) days prior to any such anniversary date, that his employment shall cease at the end of twenty-four (24) months following the next such anniversary date. Prior to each notice period for non-renewal, the Board of Directors of the Bank ("Board") will conduct a formal 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. (b) During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of 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 Bank; provided, however, that that, with the approval of the Board of Directors of the Bank ("Board"), 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, companies or organizations, which, in such Board's judgment, will not present any conflict of interest with the Bank, or materially affect the performance of Executive's duties pursuant to this Agreement.