Common use of TERMS AND DUTIES Clause in Contracts

TERMS AND DUTIES. (a) The period of Executive’s employment under this Agreement shall begin as of the Effective Date and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any such anniversary date, that this Agreement shall cease at the end of thirty-six (36) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee of the Board of Directors of the Company (“Board”) will conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s meeting.

Appears in 5 contracts

Samples: Employment Agreement (Northwest Bancorp Inc), Employment Agreement (Northwest Bancorp Inc), Employment Agreement (Northwest Bancorp Inc)

AutoNDA by SimpleDocs

TERMS AND DUTIES. (a) The period of Executive’s 's employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirtytwenty-six four (3624) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee disinterested members of the Board of Directors of the Company Bank ("Board") will conduct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s 's meeting.

Appears in 4 contracts

Samples: Employment Agreement (Jacksonville Bancorp Inc /Fl/), Employment Agreement (Leeds Federal Bankshares), Employment Agreement (Fidelity Bankshares Inc)

TERMS AND DUTIES. (a) The period of Executive’s 's employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirty-six (36) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee disinterested members of the Board of Directors of the Company Bank ("Board") will conduct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s 's meeting.

Appears in 3 contracts

Samples: Liberty Bank Employment Agreement (Axia Bancorp Inc), Employment Agreement (Brookline Bancorp Inc), Cheraw Employment Agreement (Great Pee Dee Bancorp Inc)

TERMS AND DUTIES. (a) The period of Executive’s 's employment under this Agreement shall begin be deemed to have commenced as of the Effective Date date first above written and shall continue for a period of thirty-thirty six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty twenty (3020) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirtytwenty-six four (3624) months following such anniversary date. Prior to each the written notice period for non-renewal, the Compensation Committee of the Board of Directors of the Company Bank ("Board") will conduct a comprehensive formal performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s 's meeting.

Appears in 2 contracts

Samples: Bank Employment Agreement (JSB Financial Inc), Bank Employment Agreement (JSB Financial Inc)

TERMS AND DUTIES. (a) The period of Executive’s employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten thirty (1030) days and not more than thirty sixty (3060) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirtytwenty-six four (3624) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee disinterested members of the Board of Directors of the Company Bank (“Board”) will conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s meeting.

Appears in 2 contracts

Samples: Harvard Savings Bank (Harvard Illinois Bancorp, Inc.), Employment Agreement (Harvard Illinois Bancorp, Inc.)

TERMS AND DUTIES. (a) The period of Executive’s 's employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any such anniversary date, that this Agreement shall cease at the end of thirty-six (36) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee disinterested members of the Board of Directors of the Company Bank ("Board") will conduct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s 's meeting.

Appears in 2 contracts

Samples: Northwest Savings (Northwest Bancorp Inc), Northwest Bancorp Inc

TERMS AND DUTIES. (a) The period of Executive’s 's employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirty-six (36) months following such anniversary date. Prior Each year, prior to each the notice period for non-renewal, the Compensation Committee disinterested members of the Board of Directors of the Company Bank ("Board") will conduct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s 's meeting.

Appears in 2 contracts

Samples: Gaston Federal Savings (Gaston Federal Bancorp Inc), Great Pee Dee Bancorp Inc

TERMS AND DUTIES. (a) The period of Executive’s 's employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirtytwenty-six four (3624) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee disinterested members of the Board of Directors of the Company Bank ("Board") will conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s 's meeting.

Appears in 1 contract

Samples: Employment Agreement (Jacksonville Bancorp Inc)

AutoNDA by SimpleDocs

TERMS AND DUTIES. (a) The period of Executive’s 's employment under this Agreement shall begin be deemed to have commenced as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty twenty (3020) days prior to any such anniversary date, that this Agreement her employment shall cease at the end of thirtytwenty-six four (3624) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee of the Board of Directors of the Company Bank ("Board") will conduct a comprehensive formal performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s 's meeting.

Appears in 1 contract

Samples: Employment Agreement (Charter Financial Inc)

TERMS AND DUTIES. (a) The period of Executive’s employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty (30) days prior to any such anniversary date, that this Agreement shall cease at the end of thirty-six (36) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee of the Board of Directors of the Company (the “Board”) will conduct induct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s meeting.

Appears in 1 contract

Samples: Northwest Bancorp Inc

TERMS AND DUTIES. (a) The period of Executive’s employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10thirty(30) days and not more than thirty sixty (3060) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirtytwenty-six four (3624) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee disinterested members of the Board of Directors of the Company Bank (“Board”) will conduct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s meeting.

Appears in 1 contract

Samples: Employment Agreement (Harvard Illinois Bancorp, Inc.)

TERMS AND DUTIES. (a) The period of Executive’s employment under this Agreement shall begin as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive Executive, at least ten (10) days and not more than thirty (30) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirty-six (36) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee disinterested members of the Board of Directors of the Company Bank (“Board”) will conduct a comprehensive performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s meeting.

Appears in 1 contract

Samples: Employment Agreement (Pathfinder Bancorp Inc)

TERMS AND DUTIES. (a) The period of Executive’s 's employment under this Agreement shall begin be deemed to have commenced as of the Effective Date date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice is provided to Executive at least ten (10) days and not more than thirty twenty (3020) days prior to any such anniversary date, that this Agreement his employment shall cease at the end of thirtytwenty-six four (3624) months following such anniversary date. Prior to each notice period for non-renewal, the Compensation Committee of the Board of Directors of the Company Bank ("Board") will conduct a comprehensive formal performance evaluation and review of the Executive for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s 's meeting.

Appears in 1 contract

Samples: Employment Agreement (Charter Financial Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.