Common use of Three Year Contract; Annual Renewal Clause in Contracts

Three Year Contract; Annual Renewal. The term of this Agreement will begin as of the Effective Date and shall continue thereafter for a period of three (3) years. Beginning on the first annual anniversary date of this Agreement, and on each annual anniversary date thereafter, the term of this Agreement shall be extended for a period of one year in addition to the then-remaining term; provided that (1) the Bank has not given notice to the Executive in writing at least ninety (90) days prior to such renewal date that the term of this Agreement shall not be extended further; and (2) prior to such renewal date, the disinterested members of the Board have explicitly reviewed and approved the extension and the results thereof shall be included in the minutes of the Board's meeting. On an annual basis prior to the deadline for the notice period referenced above, the Board shall conduct a performance review of the Executive for the purpose of determining whether to provide notice of non-renewal. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. Notwithstanding the foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate thirty-six (36) months following the date on which the Change in Control occurs.

Three Year Contract; Annual Renewal. The term of Executive’s employment under this Agreement will begin shall commence as of the Effective Date and shall continue thereafter for a period of three (3) years. Beginning Commencing on the first annual anniversary date of this Agreement, Agreement (the “Anniversary Date”) and continuing on each annual anniversary date Anniversary Date thereafter, the term of this Agreement shall be extended renew for an additional year such that the remaining term of this Agreement is three (3) years, unless written notice of non-renewal (a period of one year in addition “Non-Renewal Notice”) is provided to the then-remaining term; provided that (1) the Bank has not given notice to the Executive in writing at least ninety thirty (9030) days and not more than sixty (60) days prior to such renewal date that Anniversary Date, in which case the term of this Agreement shall not be extended further; become fixed and shall end three (23) prior to years following such renewal date, the Anniversary Date. The disinterested members of the Board have explicitly reviewed of Directors (the “Board”) of the Bank will conduct a performance evaluation and approved review of Executive annually for purposes of determining whether to give notice not to extend the extension term of this Agreement, and the results thereof shall be included in the minutes of the Board's ’s meeting. On an annual basis prior to the deadline for the notice period referenced above, the Board shall conduct a performance review of the Executive for the purpose of determining whether to provide notice of non-renewal. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. Notwithstanding the foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate thirty-six (36) months following the date on which the Change in Control occurs.

Three Year Contract; Annual Renewal. The term of this Agreement will begin shall commence as of the Effective Date and shall continue thereafter for a period of three (3) years. Beginning Commencing on the first annual anniversary date of this Agreement, Agreement (the “Anniversary Date”) and continuing on each annual anniversary date Anniversary Date thereafter, the term of this Agreement shall be extended renew for an additional year such that the remaining term of this Agreement is always three (3) years, unless written notice of non-renewal (a period of one year in addition “Non-Renewal Notice”) is provided to the then-remaining term; provided that (1) the Bank has not given notice to the Executive in writing at least ninety thirty (9030) days and not more than sixty (60) days prior to such renewal date that Anniversary Date, in which case the term of this Agreement shall not be extended further; become fixed and shall end three (23) prior to years following such renewal date, the Anniversary Date. The disinterested members of the Board have explicitly reviewed of Directors (the “Board”) of the Bank will conduct a performance evaluation and approved review of Executive annually for purposes of determining whether to give notice not to extend the extension term of this Agreement, and the results thereof shall be included in the minutes of the Board's ’s meeting. On an annual basis prior to the deadline for the notice period referenced above, the Board shall conduct a performance review of the Executive for the purpose of determining whether to provide notice of non-renewal. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. Notwithstanding the foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate thirty-six (36) months following the date on which the Change in Control occurs.

Three Year Contract; Annual Renewal. The term of Executive’s employment under this Agreement will begin shall commence as of the Effective Date and shall continue thereafter for a period of three (3) years. Beginning Commencing on the first annual anniversary date of this Agreement, Agreement (the “Anniversary Date”) and continuing on each annual anniversary date Anniversary Date thereafter, the term of this Agreement shall be extended renew for an additional year such that the remaining term of this Agreement is always three (3) years, unless written notice of non-renewal (a period of one year in addition “Non-Renewal Notice”) is provided to the then-remaining term; provided that (1) the Bank has not given notice to the Executive in writing at least ninety thirty (9030) days and not more than sixty (60) days prior to such renewal date that Anniversary Date, in which case the term of this Agreement shall not be extended further; become fixed and shall end three (23) prior to years following such renewal date, the Anniversary Date. The disinterested members of the Board have explicitly reviewed of Directors (the “Board”) of the Bank will conduct a performance evaluation and approved review of Executive annually for purposes of determining whether to give notice not to extend the extension term of this Agreement, and the results thereof shall be included in the minutes of the Board's ’s meeting. On an annual basis prior to the deadline for the notice period referenced above, the Board shall conduct a performance review of the Executive for the purpose of determining whether to provide notice of non-renewal. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. Notwithstanding the foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate thirty-six (36) months following the date on which the Change in Control occurs.

Three Year Contract; Annual Renewal. The term of Executive's employment under this Agreement will begin shall commence as of the Effective Date and shall continue thereafter for a period of three (3) years. Beginning Commencing on the first annual anniversary date of this Agreement, Agreement (the "Anniversary Date") and continuing on each annual anniversary date Anniversary Date thereafter, the term of this Agreement shall be extended renew for an additional year such that the remaining term of this Agreement is always three (3) years, unless written notice of non-renewal (a period of one year in addition "Non-Renewal Notice") is provided to the then-remaining term; provided that (1) the Bank has not given notice to the Executive in writing at least ninety thirty (9030) days and not more than sixty (60) days prior to such renewal date that Anniversary Date, in which case the term of this Agreement shall not be extended further; become fixed and shall end three (23) prior to years following such renewal date, the Anniversary Date. The disinterested members of the Board have explicitly reviewed of Directors (the "Board") of the Bank will conduct a performance evaluation and approved review of Executive annually for purposes of determining whether to give notice not to extend the extension term of this Agreement, and the results thereof shall be included in the minutes of the Board's meeting. On an annual basis prior to the deadline for the notice period referenced above, the Board shall conduct a performance review of the Executive for the purpose of determining whether to provide notice of non-renewal. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. Notwithstanding the foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate thirty-six (36) months following the date on which the Change in Control occurs.