Common use of Title and Duties Clause in Contracts

Title and Duties. Executive shall serve as President and Chief Executive Officer of the Bank once the OCC has granted preliminary charter approval and a member of the Interim Board of Directors and the initial Board of Directors of the Bank. Executive shall run the day-to-day activities of the Bank and oversee the Bank, within the framework of the approved annual budget, and with a sound system of internal controls and in compliance with the policies of the Board of Directors of the Bank, and all applicable laws and regulations. Executive shall also serve as President of the Company and shall be nominated as a director of the Company for the term of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Bainbridge Bancshares Inc), Employment Agreement (Bainbridge Bancshares Inc), Employment Agreement (Rockdale National Bancshares Inc)

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Title and Duties. Executive shall serve as President and Chairman, Chief Executive Officer and President of the Bank once the OCC has granted preliminary charter approval and a member of the Interim Board of Directors and the initial Board of Directors of the Bank. Executive shall run the day-to-day today activities of the Bank and oversee the Bank, within the framework of the approved annual budget, and with a sound system of internal controls and in compliance with the policies of the Board of Directors of the Bank, and all applicable laws and regulations. Executive shall also serve as President of the Company and shall be nominated as a director of the Company director, Chief Executive Officer and President for the term of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Florida Coastline Community Group Inc), Employment Agreement (Florida Coastline Community Group Inc)

Title and Duties. Executive shall serve as President and Chief Executive Officer of the Bank once the OCC has granted preliminary charter approval and a member of the Interim Board of Directors and the initial Board Company for the term of Directors of the Bankthis Agreement. Executive shall run the day-to-day activities of the Bank and oversee the Bank, within the framework of the approved annual budget, and with a sound system of internal controls and in compliance with the policies of the Board of Directors of the Bank, and all applicable laws and regulations. Executive shall also serve as President of the Company and shall be nominated as a director of the Company for the term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Liberty National Bancshares Inc)

Title and Duties. Executive shall serve as President and Chief Executive Officer of the Bank once the OCC has granted preliminary charter approval and a member of the Interim Board of Directors and the initial Board of Directors of the Bank. Executive shall run the day-to-day activities of the Bank and oversee the Bank, within the framework of the approved annual budget, and with a sound system of internal controls and in compliance with the policies of the Board of Directors of the Bank, and all applicable laws and regulations. Executive shall also serve as President Chief Executive Officer of the Company and shall be nominated as a director of the Company company for the term of this Agreementagreement.

Appears in 1 contract

Samples: Employment Contract (Heartland Bancshares Inc/Fl)

Title and Duties. Executive shall serve as President Chairman and Chief Executive Officer of the Holding Company and of the Bank once the OCC has granted preliminary charter approval and a member of the Interim Board of Directors and the initial Board of Directors of the Bankapproval. Executive shall run the day-to-day activities be responsible for overall operations of the Bank and oversee the Proposed Bank, within including implementing the framework of Board's directives; acting as chief regulatory contact; monitoring the approved annual budget, Proposed Bank's progress and with a sound system of internal controls and in compliance with the policies of presenting regular reports to the Board of Directors of the Bankon financial, lending and all applicable laws deposit activities and regulations. Executive shall also serve on other operations; actively involved in community relations and business development; serves as President of the Company Financial Officer; and shall be nominated as a director of the Company responsible for the term of this Agreementstrategic planning efforts.

Appears in 1 contract

Samples: Employment Agreement (Gulf Coast Bancorp Inc)

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Title and Duties. Executive shall serve as President and Chief Executive Officer General Counsel of the Holding Company and of the Bank once the OCC has granted preliminary charter approval and a member of the Interim Board of Directors and the initial Board of Directors of the Bankapproval. Executive shall run the day-to-day operating activities of the Bank and oversee assist the Bank, within Chief Executive Officer in managing the framework of the approved annual budget, bank's affairs; leads bank's efforts at community relations and with a sound system of business development; serves as bank's internal controls legal counsel and in human resources officer; coordinates all marketing efforts; serves as bank's compliance with the policies of the Board of Directors of the Bank, and all applicable laws and regulations. Executive shall also serve as President of the Company and shall be nominated as a director of the Company for the term of this AgreementCRA officer.

Appears in 1 contract

Samples: Employment Agreement (Gulf Coast Bancorp Inc)

Title and Duties. Executive shall serve as President and Chief Executive Officer of the Bank once the OCC has granted preliminary charter approval and a member of the Interim Board of Directors and the initial Board of Directors of the Bank. Executive shall run the day-to-day activities of the Bank and oversee the Bank, within the framework of the approved approval annual budget, and with a sound system of internal controls and in compliance with the policies of the Board of Directors of the Bank, and all applicable laws and regulations. Executive shall also serve as President Chief Executive Officer of the Company and shall be nominated as a director of the Company for the term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (First Capital Bank Holding Corp)

Title and Duties. Executive shall serve as President and as Chief Executive Officer of the Bank once the OCC has granted preliminary charter approval and a member of the Interim Board of Directors and the initial Board of Directors of the Bank. Executive shall run the day-to-day activities of the Bank and oversee the Bank, within the framework of the approved annual budget, and with a sound system of internal controls and in compliance with the policies of the Board of Directors of the Bank, and all applicable laws and regulations. Executive shall also serve as President and as Chief Executive Officer of the Company, and the Company and shall be nominated nominate Executive for election by the shareholders as a director of the Company for the term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Marine Bancshares Inc)

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