Common use of Term and Duties Clause in Contracts

Term and Duties. (a) The term of this Agreement and the period of Executive’s employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six (36) full calendar months thereafter. On each anniversary date of the Effective Date (the “Anniversary Date”), this Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months provided, however, that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement. The Board shall give Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary Date, and if written notice of non-renewal is provided to Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Date.

Appears in 2 contracts

Samples: Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.)

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Term and Duties. (a) The term of this Agreement and the period of Executive’s employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six twelve (3612) full calendar months thereafter. On each anniversary date of the Effective Date (the “Anniversary Date”), this Agreement shall renew for an additional year such that the remaining term shall be thirty-six twelve (3612) full calendar months provided, however, that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement. The Board shall give Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary Date, and if written notice of non-renewal is provided to Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Date.

Appears in 2 contracts

Samples: Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.)

Term and Duties. (a) The term of this Agreement and the period of Executive’s 's employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six (36) full calendar months thereafter. On the first day of March each anniversary date of the Effective Date year (the "Anniversary Date"), this Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months provided, however, that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement. The Board shall give Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary Date, and if written notice of non-renewal is provided to Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Date.

Appears in 2 contracts

Samples: Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.)

Term and Duties. (a) The term of this Agreement and the period of Executive’s employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six twelve (3612) full calendar months thereafter. On each anniversary date of the Effective Date (the “Anniversary Date”), this Agreement shall renew for an additional year such that the remaining term shall be thirty-six twelve (3612) full calendar months months, provided, however, that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement. The Board shall give Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary Date, and if written notice of non-renewal is provided to Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Dateextended.

Appears in 2 contracts

Samples: Employment Agreement (Amb Financial Corp), Employment Agreement (Amb Financial Corp)

Term and Duties. (a) The term of this Agreement and the period of Executive’s 's employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six twelve (3612) full calendar months thereafter. On each Commencing on the first anniversary date of the Effective Date this Agreement (the "Anniversary Date"), this and continuing at each Anniversary Date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six twelve (3612) full calendar months months; provided, however, that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend this Agreement. The Board shall give the Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary DateDate and, and if written notice of non-renewal is provided to the Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Dateextended.

Appears in 2 contracts

Samples: Employment Agreement (First Federal Financial Services Inc), Employment Agreement (First Clover Leaf Financial Corp.)

Term and Duties. (a) The term of this Agreement and the period of Executive’s employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six twelve (3612) full calendar months thereafter. On the first day of January each anniversary date of the Effective Date year (the “Anniversary Date”), this Agreement shall renew for an additional year such that the remaining term shall be thirty-six twelve (3612) full calendar months provided, however, that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement. The Board shall give Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary Date, and if written notice of non-renewal is provided to Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Dateextended.

Appears in 1 contract

Samples: Employment Agreement (Ben Franklin Financial, Inc.)

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Term and Duties. (a) The term of this Agreement and the period of Executive’s 's employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six twelve (3612) full calendar months thereafter. On each Commencing on the first anniversary date of the Effective Date this Agreement (the "Anniversary Date"), this and continuing at each Anniversary Date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be thirty-six twelve (3612) full calendar months months; provided, however, that the Board shall shall, at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend this Agreement. The Board shall give the Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary Date, and if written notice of non-renewal is provided to the Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Dateextended.

Appears in 1 contract

Samples: Employment Agreement (First Clover Leaf Financial Corp.)

Term and Duties. (a) The term of this Agreement and the period of Executive’s employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six (36) full calendar months thereafter. On each anniversary date of the Effective Date (the “Anniversary Date”), this Agreement shall renew for an additional year such that the remaining term shall be thirty-six (36) full calendar months months, provided, however, that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement. The Board shall give Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary Date, and if written notice of non-renewal is provided to Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Dateextended.

Appears in 1 contract

Samples: Employment Agreement (Amb Financial Corp)

Term and Duties. (a) The term of this Agreement and the period of Executive’s employment hereunder will begin as of the Effective Date and will continue for a period of thirty-six twelve (3624) full calendar months thereafter. On each anniversary date of the Effective Date (the “Anniversary Date”), this Agreement shall renew for an additional year such that the remaining term shall be thirty-six twelve (3624) full calendar months months, provided, however, that the Board shall at least sixty (60) days before such Anniversary Date conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement. The Board shall give Executive notice of its decision whether or not to renew this Agreement at least thirty (30) days and not more than sixty (60) days prior to the Anniversary Date, and if written notice of non-renewal is provided to Executive within said time frame, the term of this Agreement shall not be extended and the remaining term shall be twenty-four (24) months from such Anniversary Dateextended.

Appears in 1 contract

Samples: Employment Agreement (Amb Financial Corp)

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