Common use of TERMS AND DUTIES Clause in Contracts

TERMS AND DUTIES. (a) The period of Executive's employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of sixty (60) full calendar months thereafter. Commencing on the third anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically 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 twenty (20) days prior to such anniversary date, that his employment shall cease at the end of twenty-four (24) months following the next anniversary date.

Appears in 10 contracts

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

AutoNDA by SimpleDocs

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of sixty (60) full calendar months thereafter. Commencing on the third anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically 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 twenty (20) days prior to such anniversary date, that his employment shall cease at the end of twenty-four (24) months following the next anniversary date.

Appears in 6 contracts

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

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of sixty thirty-six (6024) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at on each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that a successive term of two (2) years, unless either party gives notice to the remaining term shall be three (3) years unless written notice is provided to Executive other party at least ten sixty (10) days and not more than twenty (2060) days prior to such anniversary date, the expiration of the initial or any renewal term that his employment this Agreement shall cease at the end of twenty-four (24) months following the next anniversary datenot renew.

Appears in 3 contracts

Samples: Legacy Banks (Legacy Bancorp, Inc.), Legacy Banks (Legacy Bancorp, Inc.), Legacy Banks (Legacy Bancorp, Inc.)

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of sixty thirty-six (6036) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at on each anniversary date thereafter, the Agreement shall automatically renew for an additional year such that the remaining a successive term shall be of three (3) years years, unless written either party gives notice is provided to Executive the other party at least ten sixty (10) days and not more than twenty (2060) days prior to such anniversary date, the expiration of the initial or any renewal term that his employment this Agreement shall cease at the end of twenty-four (24) months following the next anniversary datenot renew.

Appears in 2 contracts

Samples: Legacy Banks (Legacy Bancorp, Inc.), Legacy Banks (Legacy Bancorp, Inc.)

AutoNDA by SimpleDocs

TERMS AND DUTIES. (a) The period of Executive's ’s employment under this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of sixty thirty-six (6036) full calendar months thereafter. Commencing on the third first anniversary date of this Agreement, and continuing at each anniversary date thereafter, the Agreement shall automatically 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 twenty (20) days prior to such anniversary date, that his employment shall cease at the end of twentythirty-four six (2436) months following the next anniversary date. Executive may terminate his employment with the Holding Company at any time during the term of this Agreement.

Appears in 2 contracts

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

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