Engagement; Consultant Relationship; Duties. The Bank hereby engages the Consultant, and the Consultant hereby agrees to render, at the request of the Bank, consulting services to the Bank in connection with the business of the Bank. The Consultant shall report to the Board of Directors (the “Board”) of the Bank or to such other person as the Board shall designate. This is a services contract for the services of the Consultant. The Consultant shall devote all of his business time and efforts to the performance of services for the Bank designated by the Board and shall complete the services within the time frames for completion established by the Board. The Consultant shall use his best efforts in such endeavors. The Consultant shall also perform the services with a level of care, skill, and diligence that a prudent professional acting in a like capacity and familiar with such matters would use.
Engagement; Consultant Relationship; Duties. Effective upon consummation of the Merger, FBNC hereby engages Mx. Xxxxx, and he hereby agrees to render, at the request of FBNC, consulting services to FBNC in connection with the business of FBNC. In his role as a consultant, Mx. Xxxxx shall make himself reasonably available to answer questions and provide such consulting services as may be reasonably requested by the executive officers or board of directors of FBNC from time to time; provided however that, such services rendered shall not exceed, on average, forty hours per month in order to ensure compliance with Treas. Regulation §1.409A-1(h)(1)(ii). The services shall include supporting the Bank (i) by advising FBNC management as to matters of his institutional knowledge such as prior philosophy, the competitive factors of Carolina Bank’s market, Carolina Bank personnel qualifications and utilization as well as historical effectiveness of Carolina Bank product and services offerings (ii) by assisting FBNC with identifying, evaluating and bringing in new loan and deposit business; (iii) by assisting with unresolved issues from CLBH or Carolina Bank’s past operations; and (iv) providing such other consulting services as may be reasonably requested by the executive officers of FBNC from time to time.
Engagement; Consultant Relationship; Duties. The Bank hereby engages the Consultant, and the Consultant hereby agrees to render, at the request of the Bank, consulting services to the Bank during the Term (as defined below) in connection with the business of the Bank. The Consultant shall report to the Chief Executive Officer of the Bank or to such other person(s) as the Chief Executive Officer shall designate. This is a services contract for the services of the Consultant. The Consultant shall devote substantially all of his business time and efforts to the performance of services for the Bank as designated by the Chief Executive Officer of the Bank, provided any such services so designated shall be reasonably consistent with the responsibilities described in the first recital of this Agreement or otherwise consistent with the Consultant’s responsibilities during his employment with Savannah River immediately prior to the Merger. The Consultant shall complete the services, as designated from time to time, within the time frames for completion as reasonably established by the Chief Executive Officer. The Consultant shall use his best efforts in such endeavors. The Consultant shall also perform the services with a level of care, skill, and diligence that a prudent professional acting in a like capacity and familiar with such matters would use.
Engagement; Consultant Relationship; Duties. Effective upon the closing of the Offering and Xx. Xxxxxxxx’x retirement as the President and Chief Executive Officer of the Company and the Bank, and subject to the receipt of any necessary regulatory approvals or non-objections, HCSB hereby engages Xx. Xxxxxxxx, and he hereby agrees to render, at the request of HCSB, consulting services to HCSB in connection with the business of HCSB. In his role as a consultant, Xx. Xxxxxxxx shall be available to answer questions and provide such consulting services as may be requested by the executive officers or board of directors of HCSB from time to time. The services shall include supporting the Bank: (i) by assisting bankers in identifying, evaluating and bringing in new business; (ii) by assisting in training of staff as needed; (iii) by assisting with unresolved issues from HCSB’s past operations; and (iv) by evaluating products, services and processes within the Bank.
Engagement; Consultant Relationship; Duties. The Company hereby engages the Consultant, and the Consultant hereby agrees to render, at the request of the Company, consulting services to the Company in connection with the business of the Company. The Consultant shall report to the Chief Executive Officer (the “CEO”) of the Company. This is a services contract for the services of the Consultant. The Consultant shall devote all of her business time and efforts to the performance of services for the Company as designated by the CEO and shall complete the services within the time frames for completion established by the CEO. The Consultant shall use her best efforts in such endeavors. The Consultant shall also perform the services with a level of care, skill, and diligence that a prudent professional acting in a like capacity and familiar with such matters would use.
Engagement; Consultant Relationship; Duties. Effective as of the Effective Date, the Company hereby engages Xx. Xxxxxxxxxx to provide, and he hereby agrees to render, at the request of the Company, those consulting services to the Company as set forth on Appendix A hereto and subject to the terms, conditions, work schedules, and performance objectives described therein.
Engagement; Consultant Relationship; Duties. Effective upon the Effective Time, Amalgamated hereby engages Consultant, and he hereby agrees to render, at the request of Amalgamated, consulting services to Amalgamated in connection with the business of Amalgamated. In his role as a consultant, Consultant shall make himself reasonably available to answer questions and provide such consulting services as may be reasonably requested by the executive officers or board of directors of Amalgamated from time to time; provided, however that, such services rendered shall not exceed, on average, 20 hours per month. The services shall include supporting the Bank (i) by advising Amalgamated management as to matters of his institutional knowledge such as prior philosophy, the competitive factors of Seller Bank’s market, Seller Bank personnel qualifications and utilization as well as historical effectiveness of Seller Bank’s product and services offerings; (ii) by assisting Amalgamated with identifying, evaluating and bringing in new loan and deposit business; (iii) by assisting with unresolved issues from Seller or Seller Bank’s past operations; (iv) by engaging with Seller Bank’s local communities on behalf of Amalgamated to ensure that Amalgamated is visible in those communities and viewed as a good corporate/community partner; and (v) providing such other consulting services as may be reasonably requested by the executive officers of Amalgamated from time to time. All services rendered hereunder will comply with all applicable laws, including the rules, regulations and reporting requirements of all relevant regulatory and self-regulatory organizations. Consultant will abide by the standard corporate policies of Amalgamated in effect from time to time, including, but not limited to, the standard security procedures and Amalgamated’s anti-discrimination and anti-harassment policies.
Engagement; Consultant Relationship; Duties. Effective as of July 1, 2016, the Bank hereby engages Xx. Xxxxxxxx to provide, and he hereby agrees to render, at the request of the Bank, those consulting services to the Bank as set forth on Appendix A hereto and subject to the terms, conditions, work schedules, and performance objectives described therein.
