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 board of directors of the Bank ("Board") may extend the Agreement an additional year. The Board will review the Agreement and the Executive's performance annually for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board's meeting. In the event the Executive chooses not to renew the Agreement for an additional period, the Executive shall provide the Bank with written notice at least ten (10) days and not more than twenty (20) days prior to such anniversary date. If either the Bank or the Executive chooses not to renew the Agreement, the Executive's employment shall terminate at the end of the remaining term of the Agreement.

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 board of directors of the Bank Holding Company ("“Board"”) may extend the Agreement an additional year. The Board will review the Agreement and the Executive's ’s performance annually 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. In the event the Executive chooses not to renew the Agreement for an additional period, the Executive shall provide the Bank Holding Company with written notice at least ten (10) days and not more than twenty (20) days prior to such anniversary date. If either the Bank Holding Company or the Executive chooses not to renew the Agreement, the Executive's ’s employment shall terminate at the end of the remaining term of the Agreement.

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 board of directors of the Bank Holding Company ("Board") may extend the Agreement an additional year. The Board will review the Agreement and the Executive's performance annually for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board's meeting. In the event the Executive chooses not to renew the Agreement for an additional period, the Executive shall provide the Bank Holding Company with written notice at least ten (10) days and not more than twenty (20) days prior to such anniversary date. If either the Bank Holding Company or the Executive chooses not to renew the Agreement, the Executive's employment shall terminate at the end of the remaining term of the Agreement.

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 board of directors of the Bank ("“Board"”) may extend the Agreement an additional year. The Board will review the Agreement and the Executive's ’s performance annually 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. In the event the Executive chooses not to renew the Agreement for an additional period, the Executive shall provide the Bank with written notice at least ten (10) days and not more than twenty (20) days prior to such anniversary date. If either the Bank or the Executive chooses not to renew the Agreement, the Executive's ’s employment shall terminate at the end of the remaining term of the Agreement.

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 a third anniversary date of this Agreement, and continuing at each anniversary date thereafter, the board of directors of the Bank Holding Company ("Board") may extend the Agreement an additional year. The Board will review the Agreement and the Executive's performance annually for purposes of determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board's meeting. In the event the Executive chooses not to renew the Agreement for an additional period, the Executive shall provide the Bank Holding Company with written notice at least ten (10) days and not more than twenty (20) days prior to such anniversary date. If either the Bank Holding Company or the Executive chooses not to renew the Agreement, the Executive's employment shall terminate at the end of the remaining term of the Agreement.