Common use of Term and Annual Renewal Clause in Contracts

Term and Annual Renewal. The initial term of this Agreement and the period of Executive’s employment hereunder shall begin as of the Effective Date and shall continue through December 31, 2020 (the “Term”). Commencing on January 1, 2019 and continuing on each January 1st thereafter (the “Renewal Date”), the Term will extend automatically for one additional year, so that the Term will be three years from such Renewal Date, unless either the Bank or Executive by written notice to the other given at least ninety (90) days prior to such Renewal Date notifies the other of its intent not to extend the same. In the event that notice not to extend is given by either the Bank or the Executive, this Agreement shall terminate as of the last day of the then current Term.

Term and Annual Renewal. The initial term of this Agreement and the period of Executive’s 's employment hereunder shall begin as of the Effective Date and shall continue through December 31, 2020 (the “"Initial Term”"). Commencing on January 1I, 2019 2021 and continuing on each January 1st thereafter (the “"Renewal Date”"), the Initial Term will shall extend automatically for one additional year, so that the Term will be three years from such Renewal Date, unless either the Bank or the Executive by written notice to the other given at least ninety (90) days prior to such Renewal Date notifies the other of its intent not to extend the same. In the event that notice not to extend is given by either the Bank or the Executive, this Agreement shall terminate as of the last day of the then current term. References herein to the "Term" shall mean the Initial Term, as the same may be renewed.

Term and Annual Renewal. The initial term of this Agreement and the period of Executive’s employment hereunder shall begin commence as of the Effective Date and shall continue thereafter through December 31, 2020 2019 (the “Term”). Commencing on January 1, 2019 2019, and continuing on each January 1st 1 thereafter (the each, a “Renewal Date”), the Term will shall extend automatically for one additional year, so that the Term will be three years [two years] from such Renewal Date, unless either the Bank or the Executive by written notice to the other given at least ninety (90) days prior to such Renewal Date notifies the other of its intent not to extend the same. In the event that notice not to extend is given by either the Bank or the Executive, this Agreement shall terminate as of the last day of the then current Term.

Term and Annual Renewal. The initial term of this Agreement and the period of Executive’s 's employment hereunder shall begin as of the Effective Date and shall continue through December 31, 2020 (the “"Initial Term”"). Commencing on January 1, 2019 2021 and continuing on each January 1st 1 st thereafter (the “"Renewal Date”"), the Initial Term will shall extend automatically for one additional year, so that the Term will be three years from such Renewal Date, unless either the Bank or the Executive by written notice to the other given at least ninety (90) days prior to such Renewal Date notifies the other of its intent not to extend the same. In the event that notice not to extend is given by either the Bank or the Executive, this Agreement shall terminate as of the last day of the then current term. References herein to the "Term" shall mean the Initial Term, as the same may be renewed.