Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors and Chief Executive Officer, and the Bank agrees to employ the Employee as its Chairman of the Board, for the period from December 31, 1999 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 2002. Effective as of December 31, 2000, and as of each December 31 after December 31, 2000, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.
Employment, Term, and Acceptance. The Board does hereby employ Xx. Xxxxx as the Superintendent-President of the Long Beach Community College District ("District") pursuant to this Agreement. The term of this Agreement shall be for the period commencing January 1, 2022 and ending on June 30, 2025 subject to the provisions of Paragraph 14. Xx. Xxxxx hereby accepts such employment and agrees to perform all of the duties and responsibilities of the position of Superintendent-President during the term of this Agreement. Further, Xx. Xxxxx agrees not to apply to other positions during the term of this Agreement without the consent of the Board President.
Employment, Term, and Acceptance. The Bank agrees to employ the Employee as its Senior Vice President, West Region President, for the period from January 1, 2016 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 9 or 10 of this Agreement. The initial Termination Date is December 31, 2017. Effective as of December 31, 2016, and as of each December 31 after December 31, 2016, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless at least thirty (30) days' prior to an December 31 automatic extension, the Employee or the Bank gives notice to the other that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of two years remaining. The Employee hereby accepts such employment.
Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Executive Vice President and the Bank agrees to employ the Employee as its President for the period from January 1, 2019 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 2021. Effective as of December 31, 2019, and as of each December 31 after December 31, 2019, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.
Employment, Term, and Acceptance. The Board of Trustees does hereby agree to continue to employ Xx. Xxxxxx Romali ("Dr. Romali," or "Superintendent-President") as the Superintendent- President of the Long Beach Community College District ("District") pursuant to this Agreement. The term of this Agreement shall be for four years, with Dr. Romali's employment commencing July 1, 2018 and ending on June 30, 2022. Dr. Romali hereby accepts such employment and agrees to perform all of the duties and responsibilities of the position of Superintendent-President during the term of this Agreement.
Employment, Term, and Acceptance. The Company and the Bank each agree to employ the Employee as its Chairman of the Board of Directors and Chief Executive Officer for the period from December 1, 1998 through December 31, 2001 (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The Employee hereby accepts such employment.
Employment, Term, and Acceptance. Each Employer agrees to continue to employ the Employee in accordance with the terms of the Employment Agreement, as amended herein, from the Effective Date through the Retirement Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of the Employment Agreement. The Employee hereby accepts such employment.
Employment, Term, and Acceptance. The Board does hereby employ Xx. Xxxxx as the Interim Superintendent-President of the Long Beach Community College District ("District") pursuant to this Agreement. The term of this Agreement shall be for the period commencing March 14, 2020 and ending on September 14, 2020 (“Six Month Period”), subject to the provisions of Paragraph 14. Xx. Xxxxx hereby accepts such employment and agrees to perform all of the duties and responsibilities of the position of Interim Superintendent-President during the term of this Agreement.
Employment, Term, and Acceptance. The Company agrees to employ the Employee as its President, and the Bank agrees to employ the Employee as its President and Chief Executive Officer for a period commencing on the date hereof (the "Effective Date") and continuing for a period of five years, subject to earlier termination pursuant to the provisions of Sections 7 or 8 hereof (the "Initial Term"). The Initial Term and each Renewal Term (as hereinafter defined) shall automatically be extended for an additional one-year period (each a "Renewal Term") unless (i) otherwise terminated in accordance with Sections 7 or 8 or (ii) either party provides to the other at least 45 days advance written notice of its intention to terminate this Agreement as of the end of the Initial Term or any Renewal Term, as the case may be. The period of time during the Initial Term and any Renewal Term which the term of Employee's employment is effective is referred to herein as the "Term." The Employee hereby accepts such employment.
Employment, Term, and Acceptance. The Board of Trustees does hereby agree to continue to employ Xx. Xxxxxx Xxxxxx ("Dr. Xxxxxx," or "Superintendent-President") as the Superintendent- President of the Long Beach Community College District ("District") pursuant to this Agreement. The term of this Agreement shall be for four years, with Dr. Xxxxxx's employment commencing July 1, 2018 and ending on June 30, 2022. Dr. Xxxxxx hereby accepts such employment and agrees to perform all of the duties and responsibilities of the position of Superintendent-President during the term of this Agreement.
