President of Bank. Executive shall have direct responsibility for the management of Bank's activities. Executive agrees to render services and perform the duties and acts of President and Chief Executive Officer (the "Duties") in connection with all aspects of Bank's business as may ------ be required by the Board of Directors. Executive shall perform these Duties, and the Specific Duties as defined below, faithfully, diligently, to the best of Executive's ability and in the best interests of the Bank, consistent with the highest standards of the banking industries and in compliance with all applicable laws, rules, regulations, and policies applicable to the Bank, including, but not limited to, the Federal Deposit Insurance Act, as amended, and all regulations thereunder, and the Bank's Articles of Association and Bylaws.
President of Bank. Subject to the direction of the Boards of Directors of Holding Company and Bank, Executive shall perform such duties and assume such responsibilities as are normally attributed to the chief executive officer of a bank holding company and to the president of a community bank. During the term of this Agreement, Executive shall perform exclusively the services herein contemplated to be performed by Executive faithfully, diligently and to the best of Executive’s ability, consistent with the highest and best standards of the banking industry and in compliance with all applicable laws and Holding Co.’s and Bank’s Articles of Incorporation, Bylaws and internal written policies. If at any time Executive does not hold the titles of Chief Executive Officer of Holding Co. and President of Bank, Executive shall be entitled to deem this Agreement terminated pursuant to Section 5.1 hereof.
