CONSIDERATION PROVIDED BY THE EXECUTIVE. During the period of his employment hereunder, Executive agrees to serve as President and Chief Executive Officer of the Holding Company. Executive shall render administrative and management services to the Holding Company such as are customarily performed by persons in a similar executive capacity. During said period, Executive also agrees to serve, if elected, as an officer and director of any subsidiary of the Holding Company. Failure to reelect Executive as President and Chief Executive Officer of the Holding Company, failure to reelect Executive as President and Chief Executive Officer of the Bank, or failure to nominate or reelect Executive to the Board of Directors of the Holding Company or the Bank, any without the consent of Executive, shall constitute a breach of this Agreement.
CONSIDERATION PROVIDED BY THE EXECUTIVE. On the terms and subject to the conditions set forth in this Agreement, commencing at the Effective Time (as such term is defined in the Merger Agreement) (the "Effective Date"), the Bank shall employ and Executive agrees to serve as a senior executive vice president and Chief Banking Officer of the Institution. Executive shall render administrative and management services to the Institution such as are customarily performed by persons in a similar executive capacity and reporting directly to the Chairman and Chief Executive Officer of the Bank. During the period of his employment hereunder, Executive also agrees to serve, if appointed, as an officer of the Holding Company. Failure to reappoint Executive as a senior executive vice president and Chief Banking Officer of the Institution, without the consent of Executive, shall constitute a breach of this Agreement.
CONSIDERATION PROVIDED BY THE EXECUTIVE. During the period of his employment hereunder, Executive agrees to serve as Chairman, President and Chief Executive Officer of the Institution. Executive shall render administrative and management services to the Institution such as are customarily performed by persons in a similar executive capacity. During said period, Executive also agrees to serve, if appointed, as an officer or if elected as a director of the Holding Company. Failure to reappoint Executive as Chairman, President and Chief Executive Officer of the Institution, or failure to nominate or reelect Executive to the Board of Directors of the Institution, without the consent of Executive, shall constitute a breach of this Agreement.
CONSIDERATION PROVIDED BY THE EXECUTIVE. During the period of his employment hereunder, Executive agrees to serve as Chairman of the Board of Directors of the Institution. Executive shall render administrative and management services to the Institution such as are customarily performed by persons in a similar executive capacity. During said period, Executive also agrees to serve, if elected, as an officer and director of the Holding Company.
CONSIDERATION PROVIDED BY THE EXECUTIVE. During the period of his employment hereunder, Executive agrees to serve as [TITLE] of the Institution. Executive shall render administrative and management services to the Institution such as are customarily performed by persons in a similar executive capacity. During said period, Executive also agrees to serve, if elected, as an officer and director of the Institution. Failure to reelect Executive as [TITLE] of the Institution, or failure to nominate or reelect Executive to the Board of Directors of the Institution, without the consent of Executive, shall constitute a breach of this Agreement.
CONSIDERATION PROVIDED BY THE EXECUTIVE. During the period of his employment hereunder, Executive agrees to serve as General Counsel and Corporate Secretary of the Holding Company. Executive shall render administrative and management services to the Holding Company such as are customarily performed by persons in a similar executive capacity. During said period, Executive also agrees to serve, if elected, as an officer of any subsidiary of the Holding Company.
CONSIDERATION PROVIDED BY THE EXECUTIVE. During the period of his employment hereunder, Executive agrees to serve as General Counsel and Corporate Secretary of the Institution. Executive shall render administrative and management services to the Institution such as are customarily performed by persons in a similar executive capacity. During said period, Executive also agrees to serve, if elected, as an officer of the Institution.
CONSIDERATION PROVIDED BY THE EXECUTIVE. In consideration of the Company’s execution of this Agreement, the Executive will provide the Company with the following general release of claims:
CONSIDERATION PROVIDED BY THE EXECUTIVE. On the terms and subject to the conditions set forth in this Agreement, commencing at the Effective Time of the Merger (the "Effective Date"), the Holding Company shall employ and Executive agrees to serve as an executive vice president and Chief Commercial Bank Officer of the Holding Company. Executive shall render administrative and management services to the Holding Company such as are customarily performed by persons in a similar executive capacity and shall report directly to the Chief Banking Officer of the Holding Company. During the period of his employment hereunder, Executive also agrees to serve, if appointed, as an officer of any subsidiary of the Holding Company. Failure to reappoint Executive as an executive vice president and Chief Commercial Banking Officer of the Holding Company or failure to reappoint Executive as an executive vice president and Chief Commercial Banking Officer of the Bank without the consent of Executive, shall constitute a breach of this Agreement.
CONSIDERATION PROVIDED BY THE EXECUTIVE. During the period of his employment hereunder, Executive agrees to serve as President and Chief Executive Officer of the Bank. Executive shall render administrative and management services to the Bank such as are customarily performed by persons in a similar executive capacity. Failure to reelect Executive as President and Chief Executive Officer of the Bank or, to the extent Executive served as a member of the Board of Directors of the Bank at any time during the term of this Agreement, failure to nominate Executive to the Board of Directors of the Bank, without the consent of Executive shall constitute a breach of this Agreement.
