Common use of Service on the Board of Directors Clause in Contracts

Service on the Board of Directors. During the term of this Agreement, Executive will continue to serve on the Board of Directors of the Bank as a director. If at any time during the term of this Agreement Executive shall fail to be re-nominated to the Board of Directors other than for reasons of Just Cause (as defined in Section 9(d) of this Agreement), Executive shall have “Good Reason” (as defined in Section 9(e) of this Agreement) to terminate his employment under this Agreement, and Executive shall have no further obligations under this Agreement.

Service on the Board of Directors. During the term of this Agreement, Executive will continue to serve on the Board of Directors of the Bank Company as a director. If at any time during the term of this Agreement Executive shall fail to be re-nominated to the Board of Directors other than for reasons of Just Cause (as defined in Section 9(d) of this Agreement), Executive shall have “Good Reason” (as defined in Section 9(e9(b) of this Agreement) to terminate his employment under this Agreement, and Executive shall have no further obligations under this Agreement.

Service on the Board of Directors. During the term of this Agreement, Executive will continue to serve on the Board of Directors of the Bank Company as a director. If at any time during the term of this Agreement Executive shall fail to be re-nominated to the Board of Directors or re-appointed as the Chairman of the Board other than for reasons of Just Cause (as defined in Section 9(d) of this Agreement), Executive shall have “"Good Reason” " (as defined in Section 9(e9(b) of this Agreement) to terminate his employment under this Agreement, Agreement and Executive shall have no further obligations under this Agreement.

Service on the Board of Directors. During the term of this Agreement, Executive will continue to serve on the Board of Directors of the Bank as a director. If at any time during the term of this Agreement Executive shall fail to be re-nominated to the Board of Directors or re-appointed as the Chairman of the Board other than for reasons of Just Cause (as defined in Section 9(d) of this Agreement), Executive shall have “Good Reason” (as defined in Section 9(e) of this Agreement) to terminate his employment under this Agreement, Agreement and Executive shall have no further obligations under this Agreement.

Service on the Board of Directors. During the term of this Agreement, Executive will continue to serve on the Board of Directors of the Bank Company as a director. If at any time during the term of this Agreement Executive shall fail to be re-nominated to the Board of Directors or re-appointed as the Chairman of the Board other than for reasons of Just Cause (as defined in Section 9(d) of this Agreement), Executive shall have “Good Reason” (as defined in Section 9(e9(b) of this Agreement) to terminate his employment under this Agreement, Agreement and Executive shall have no further obligations under this Agreement.