Three Year Contract. The term of this Agreement shall commence as of the Effective Date and shall continue for a period of thirty-six (36) full calendar months. The term of this Agreement shall be extended for one day each day so that a constant thirty-six (36) calendar month term shall remain in effect, until such time as the Board or Executive elects not to extend the term of the Agreement by giving written notice to the other party in accordance with the terms of this Agreement, in which case the term of this Agreement shall be fixed and shall end on the third anniversary of the date of such written notice.
Three Year Contract. The term of this Agreement shall begin as of the Effective Date and shall continue thereafter for a period of three years (“Employment Period”). This Agreement may be extended further at the discretion of the Board of Directors of the Employer (the “Board”). Notwithstanding anything herein to the contrary, in the event that the Company or Bank enters into a definitive agreement (“Change in Control Agreement”) to engage in a transaction that would be considered a Change in Control (as defined herein) or a Change in Control otherwise occurs, this Agreement shall automatically renew and shall remain in effect for a period of three (3) years following the effective time of the Change in Control; except in the event that the Change in Control Agreement is terminated or the Change in Control does not occur, the term of this Agreement will not so renew.
Three Year Contract. The Executive’s period of employment with the Bank under the terms of this Agreement shall begin on the Effective Date and shall continue for a period of thirty-six months thereafter (the “Employment Period”). Unless extended, the Employment Period shall end on the date that is thirty-six (36) months after the Effective Date. On or prior to the second anniversary date of the Effective Date, the Bank and the Company shall notify the Executive in writing whether the Employment Period will be extended and for what period, if any, the Employment Period will be extended.
Three Year Contract. The term of this Agreement will begin as of the Effective Date and shall continue thereafter for a period of three (3) years. Notwithstanding the foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate twenty-four (24) months following the date on which the Change in Control occurs.
Three Year Contract. 1. Full-time salaries for custodians, groundskeepers, drivers, and shipper/receivers shall be as follows (salaries for part-time positions will be adjusted proportionately): FY 2004 7/03-6/04 (4%) FY 2005 7/04-6-05 (3.7%) FY 2006 7/05-6/06 (3.5%) Hired before 7/1/96 Custodian 29,613 30,709 31,784 Groundskeeper 30,151 31,267 32,361 Shipper/Receiver 29,828 30,932 32,015 Driver 29,828 30,932 32,015 FY 2004 7/03-6/04 (4%) FY 2005 7/04-6-05 (3.7%) FY 2006 7/05-6/06 (3.5%) Hired between 7/1/96 and 6/30/00 Custodian 22,461 23,292 24,107 Groundskeeper 22,461 23,292 24,107 Shipper/Receiver 22,461 23,292 24,107 Driver 22,461 23,292 24,107 FY 2004 7/03-6/04 (4%) FY 2005 7/04-6-05 (3.7%) FY 2006 7/05-6/06 (3.5%) Hired Between 7/1/00 & 6/30/01 Custodian 21,702 22,505 23,293 Groundskeeper 21,702 22,505 23,293 Shipper/Receiver 21,702 22,505 23,293 Driver 21,702 22,505 23,293 FY 2004 7/03-6/04 (4%) FY 2005 7/04-6-05 (3.7%) FY 2006 7/05-6/06 (3.5%) Hired Between 7/1/01 & 6/30/02 Custodian 21,069 21,849 22,614 Groundskeeper 21,069 21,849 22,614 Shipper/Receiver 21,069 21,849 22,614 Driver 21,069 21,849 22,614 FY 2004 7/03-6/04 (4%) FY 2005 7/04-6-05 (3.7%) FY 2006 7/05-6/06 (3.5%) Hired Between 7/1/02 & 6/30/03 Custodian 21,000 21,777 22,539 Groundskeeper 21,000 21,777 22,539 Shipper/Receiver 21,000 21,777 22,539 Driver 21,000 21,777 22,539 FY 2004 7/03-6/04 (4%) FY 2005 7/04-6-05 (3.7%) FY 2006 7/05-6/06 (3.5%) Hired Between 7/1/03 & 6/30/04 Custodian 21,000 21,777 22,539 Groundskeeper 21,000 21,777 22,539 Shipper/Receiver 21,000 21,777 22,539 Driver 21,000 21,777 22,539 FY 2004 7/03-6/04 (4%) FY 2005 7/04-6-05 (3.7%) FY 2006 7/05-6/06 (3.5%) Hired Between 7/1/04 & 6/30/05 Custodian 21,000 21,735 Groundskeeper 21,000 21,735 Shipper/Receiver 21,000 21,735 Driver 21,000 21,735 FY 2004 7/03-6/04 (4%) FY 2005 7/04-6-05 (3.7%) FY 2006 7/05-6/06 (3.5%) Hired Between 7/1/05 & 6/30/06 Custodian 21,000 Groundskeeper 21,000 Shipper/Receiver 21,000 Driver 21,000
Three Year Contract. The Executive’s period of employment with the Employer under this Agreement (“Employment Period”) shall begin on the Effective Date and shall end on the date that is thirty-nine (39) months after the Effective Date, unless the parties agree that the Employment Period shall end on an earlier date.
Three Year Contract. The term of this Agreement will begin as of the Effective Date and shall continue through September 30, 2018.
Three Year Contract. The Executive's period of employment with the Bank ------------------- and the Company under the terms of this Agreement shall begin on the Effective Date and shall continue for a period of thirty-nine months thereafter (the "Employment Period"). On January 1, 2009, the Employment Period shall renew daily, such that the remaining unexpired term of the Agreement shall always be twenty-four (24) months, until the date that the Company gives the Executive written notice of non-renewal ("Non-Renewal Notice"). The Employment Period shall end on the date that is twenty-four (24) months after the date of the Non-Renewal Notice, unless the parties agree that the Employment Period shall end on an earlier date.
