Common use of Term of Employment Clause in Contracts

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years, commencing on (3) years after the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsfirst above written. Prior to the first annual anniversary of the date of this Agreement first above written and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Executive Vice President of the Corporation and Chief Executive Officer the Bank and the Executive hereby accepts said employment and agrees to render such services to the Corporation and the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement. The term of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend may be extended for an additional year on each the second annual anniversary of the date of this Agreement Agreement, and on each annual anniversary thereafter, if the Boards of Directors of the Employers so approve such extension, such that at any time the remaining term of this Agreement shall be from one to two to three years. Prior to the first second annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board Boards of Directors approves approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects of the Employers elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as Executive Vice President of the Bank and Chief Executive Officer of Eastern Virginia of the Bank, and the Executive hereby accepts said employment and agrees to render such services to the Bank Bank, on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three a term of two years, commencing on the date of this Agreement andAgreement, upon approval of unless such term is extended as provided in this Section 3. Prior to the Board of Directors of the Bank, shall extend for an additional year on each second annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement above written and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement. After the expiration of the initial two-year term, the term of this Agreement, and the term Agreement shall continue to extend each year if the Board of Directors so approves such extension extension, unless the Executive gives written notice to the Employers Bank of the Executive's election not to extend the term, with such written notice to be given not less than thirty sixty (3060) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty sixty (3060) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateextended, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Corporation of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer of the Corporation and the Bank and the Executive hereby accepts said employment and agrees to render such services to the Corporation and the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement. The term of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend may be extended for an additional year on each the second annual anniversary of the date of this Agreement Agreement, and on each annual anniversary thereafter, if the Boards of Directors of the Employers so approve such extension, such that at any time the remaining term of this Agreement shall be from one to two to three years. Prior to the first second annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board Boards of Directors approves approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects of the Employers elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Executive Vice President and Chief Executive Financial Officer of the Corporation and the Bank and the Executive hereby accepts said employment and agrees to render such services to the Corporation and the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement. The term of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend may be extended for an additional year on each the second annual anniversary of the date of this Agreement Agreement, and on each annual anniversary thereafter, if the Boards of Directors of the Employers so approve such extension, such that at any time the remaining term of this Agreement shall be from one to two to three years. Prior to the first second annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board Boards of Directors approves approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects of the Employers elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Executive Vice President and Chief Executive Financial Officer of each of the Company and the Bank and the Executive hereby accepts said employment and agrees to render such services to the Bank Employer on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three yearsa term ending December 31, commencing on 2025 (the date of this Agreement and“Initial Term”). Prior to December 31, upon approval 2023 (the “Extension Anniversary Date”) and each annual anniversary thereafter of the Board Extension Anniversary Date, the Boards of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement. If either of the Boards of Directors approve such an extension, and then the term of this Agreement shall continue to extend each year if be so extended as of the Board Extension Anniversary Date or any relevant annual anniversary of Directors approves such extension date unless the Executive gives written notice to the Employers of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to the Extension Anniversary Date or any relevant annual anniversary of such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to the Extension Anniversary Date or any annual anniversary of such anniversary date. If any party gives timely notice that the term will not be extended as of the Extension Anniversary Date or any annual anniversary of such date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 7. References herein to the term of this Agreement shall refer both to the initial term Initial Term and successive termsterms as the term of this Agreement is extended in accordance with the terms hereof.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President President, Chief Operating Officer and Chief Executive Officer Secretary and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President its Chief Operating Officer and agrees to continue to employ Executive as its Chief Financial Officer, the Corporation hereby agrees to continue to employ Executive Officer as its Chief Financial Officer, and the Executive hereby accepts all said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing years beginning on the date of this Agreement and, upon approval of Effective Date. Prior to the Board of Directors of the Bank, shall extend for an additional year on each second annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement Effective Date and each annual anniversary thereafter, the Board of Directors of each of the Corporation and the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement. If the Boards of Directors approve such an extension, and then the term of this Agreement shall continue to extend each year if be so extended as of the Board relevant annual anniversary of Directors approves such extension the Effective Date unless the Executive gives written notice to the Employers of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such relevant annual anniversary dateof the Effective Date; provided, however, that if either the Corporation or the Bank is deemed to be in “troubled condition” as defined in 12 C.F.R. §§225.71 or 303.101(c) (or any successors thereto) as of the applicable annual anniversary of the Effective Date, then the term of this Agreement shall not be extended unless and until the Employers shall have received all requisite regulatory approvals, non-objections or consents to such renewal pursuant to the provisions of 12 C.F.R. Part 359. If the either Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such annual anniversary dateof the Effective Date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateof the Effective Date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 5(d) (including the provisions referenced in such section) and Section 7. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President Chairman of the Board and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval subject to the requirements of the Board of Directors of the Banksucceeding sentence, shall be deemed automatically, without further action, to extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if in the manner set forth above unless either the Board of Directors approves does not approve such extension unless and provides written notice to the Executive of such event or the Executive gives written notice to the Employers of the Executive's election not to extend the term, in each case with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer of each of the Company and the Bank and the Executive hereby accepts said employment and agrees to render such services to the Bank Employer on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three yearsa term ending December 31, commencing on 2025 (the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years“Initial Term”). Prior to December 31, 2023 (the first annual anniversary of the date of this Agreement “Extension Anniversary Date”) and each annual anniversary thereafterthereafter of the Extension Anniversary Date, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement, and the term shall continue to extend each year if . If the Board of Directors approves such extension an extension, then the term of this Agreement shall be so extended as of the Extension Anniversary Date or any relevant annual anniversary of such date unless the Executive gives written notice to the Employers Employer of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to the Extension Anniversary Date or any relevant annual anniversary of such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to the Extension Anniversary Date or any annual anniversary of such anniversary date. If any party gives timely notice that the term will not be extended as of the Extension Anniversary Date or any annual anniversary of such date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 7. References herein to the term of this Agreement shall refer both to the initial term Initial Term and successive termsterms as the term of this Agreement is extended in accordance with the terms hereof.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer President, ComNet Mortgage Services Division and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President Chairman of the Board and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three yearsyears from the Effective Date and, commencing subject to the requirements of the succeeding sentence, shall be deemed automatically, without further action, beginning on the date day following the Effective Date of this Agreement andand on each day thereafter, upon approval of the Board of Directors of the Bank, shall to extend for an additional year on each annual anniversary a period of one day in addition to the date of this Agreement then-remaining term, such that at any time the remaining term of this Agreement shall be from two to three years, absent notice to the contrary. Prior to the first annual anniversary of the date Effective Date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if in the manner set forth above unless either the Board of Directors approves of the Corporation or the Savings Bank does not approve such extension unless and provides written notice to the Executive of such event or the Executive gives written notice to the Employers of the Executive's election not to extend the term, in each case with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President President, Chief Operating Officer and Chief Executive Officer Secretary and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Corporation hereby employs the Executive as President, the Bank hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing years beginning on the date of this Agreement and, upon approval of Effective Date. Prior to the Board of Directors of the Bank, shall extend for an additional year on each second annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement Effective Date and each annual anniversary thereafter, the Board of Directors of each of the Corporation and the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement. If the Boards of Directors approve such an extension, and then the term of this Agreement shall continue to extend each year if be so extended as of the Board relevant annual anniversary of Directors approves such extension the Effective Date unless the Executive gives written notice to the Employers of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such relevant annual anniversary dateof the Effective Date; provided, however, that if either the Corporation or the Bank is deemed to be in “troubled condition” as defined in 12 C.F.R. §§225.71 or 303.101(c) (or any successors thereto) as of the applicable annual anniversary of the Effective Date, then the term of this Agreement shall not be extended unless and until the Employers shall have received all requisite regulatory approvals, non-objections or consents to such renewal pursuant to the provisions of 12 C.F.R. Part 359. If the either Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such annual anniversary dateof the Effective Date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateof the Effective Date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 5(d) (including the provisions referenced in such section) and Section 7. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Executive Vice President of the Corporation and Executive Vice President and Chief Executive Lending Officer of the Bank and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years, commencing on (3) years after the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsfirst above written. Prior to the first annual anniversary of the date of this Agreement first above written and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Savings Bank hereby employs the Executive as Senior Vice President and Chief Executive Financial Officer and the Executive hereby accepts said employment and agrees to render such services to the Savings Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Savings Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Savings Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President Secretary and Chief Executive Officer Treasurer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for three years, commencing on terminate one (1) year after the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsfirst above written. Prior to the first annual anniversary of the date of this Agreement first above written and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years, commencing on (3) years after the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsfirst above written. Prior to the first annual anniversary of the date of this Agreement first above written and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as Senior Vice President and Chief Executive Financial Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs the Executive as Senior Vice President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three two years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankEmployers, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from one to two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Credit Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employer on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing years beginning on the date of this Agreement and, upon approval of Effective Date. Prior to the Board of Directors of the Bank, shall extend for an additional year on each second annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement Effective Date and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement, and the term shall continue to extend each year if . If the Board of Directors approves such extension an extension, then the term of this Agreement shall be so extended as of the relevant annual anniversary of the Effective Date unless the Executive gives written notice to the Employers Employer of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such relevant annual anniversary dateof the Effective Date; provided, however, that if the Bank is deemed to be in "troubled condition" as defined in 12 C.F.R. §§225.71 or 303.101(c) (or any successors thereto) as of the applicable annual anniversary of the Effective Date, then the term of this Agreement shall not be extended unless and until the Employer shall have received all requisite regulatory approvals, non-objections or consents to such renewal pursuant to the provisions of 12 C.F.R. Part 359. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such annual anniversary dateof the Effective Date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateof the Effective Date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 5(d) (including the provisions referenced in such section) and Section 7. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Savings Bank hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Savings Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Savings Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Savings Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer Senior Vice President, Business Banking and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three two years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from one to two years in the absence of notice to three yearsthe contrary. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer Senior Vice President, Community Banking and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Association hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Association on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankAssociation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Association shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services Subject to the Bank provisions on termination of employment contained in Section 9 herein, the terms and conditions set forth in this Agreement. The term of the employment under this Agreement provided for herein of Norton by LFC and by the Bank shall be for a period of three (3) years, commencing beginning on the Effective Date of this Agreement and ending on the date which is the last day prior to the third (3rd) anniversary of the Effective Date, unless extended as provided in this Section 2, below. Subject to the provisions on termination of employment as provided for in Section 9, below, prior to the first anniversary of the Effective Date of this Agreement andand prior to each anniversary of that date thereafter, upon approval the Board of Directors of LFC and the Board of Directors of the Bank, respectively, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafterconsider, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the ExecutiveNorton's performance hereunderperformance) an and, if appropriate, explicitly approve a one (1) year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to so extend each year if the Board Boards of Directors approves so approve such extension extension, respectively, unless the Executive Norton gives written notice to LFC or the Employers Bank, respectively, of the ExecutiveNorton's election not to extend the term, with such written notice not to be given not less than thirty sixty (3060) days prior to any such anniversary date. If the Board of Directors elects of LFC, or the Board of Directors of Bank, respectively, elect not to extend the term, it that Board of Directors shall give written notice to Norton of such decision to the Executive not less than thirty sixty (3060) days prior to any such anniversary date. If any either party hereto gives such timely notice to the other party that the term of this Agreement will not be extended as of any annual such anniversary date, then then, and in such event, this Agreement shall terminate at the conclusion of its then remaining term. References herein in this Agreement to the term of this Agreement shall be deemed to refer both to the initial term and all successive termsterms hereunder.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three two years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from one to two years in the absence of notice to three yearsthe contrary. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President and Chief Executive Officer _______________________ and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President Chairman of the Board and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer of the Corporation and the Bank, and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The Unless extended as provided in this Section 2, the term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsAgreement. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty ninety (3090) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, or if the Employers fail to give written notice of their election to extend as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer Officer, and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for a period of three yearsyears commencing as of January 10, commencing 2012 (the “Commencement Date”), and ending on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual third anniversary of the date of Commencement Date, plus such extensions, if any, as are granted pursuant to this Agreement such that at any time Section 2(a) hereof (the remaining term of this Agreement shall be from two to three years"Employment Period"). Prior Except as provided in Section 2(b), prior to the first annual anniversary of the date of this Agreement Commencement Date and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder’s performance) an a one-year extension of the term of this Agreement, and the term shall continue to extend each year (beginning with the first annual anniversary date) if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Bank of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty fifteen (3015) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty fifteen (3015) days prior to any such anniversary date. If any party gives timely notice that the term will Agreement is not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer Senior Vice President, Business Banking and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as Senior Vice President and Chief Executive Financial Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Senior Vice President and Chief Executive Officer Secretary and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years, commencing on (3) years after the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsfirst above written. Prior to the first annual anniversary of the date of this Agreement first above written and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer ____________________________ and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Senior Vice President, Chief Executive Information Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as Senior Vice President and Chief Executive Financial Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services Subject to the Bank provisions on termination of employment contained in Section 9 herein, the terms and conditions set forth in this Agreement. The term of the employment under this Agreement provided for herein of Townxxxx xx LFC and by the Bank shall be for a period of three (3) years, commencing beginning on the Effective Date of this Amended Agreement and ending on the date which is the last day prior to the third (3rd) anniversary of the Effective Date, unless extended as provided in this Section 2, below. Subject to the provisions on termination of employment as provided for in Section 9, below, prior to the first anniversary of the Effective Date of this Amended Agreement andand prior to each anniversary of that date thereafter, upon approval the Board of Directors of LFC and the Board of Directors of the Bank, respectively, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafterconsider, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderTownxxxx'x xxxformance) an and, if appropriate, explicitly approve a one (1) year extension of the remaining term of this Amended Agreement, and the . The term of this Amended Agreement shall continue to so extend each year if the Board Boards of Directors approves so approve such extension extension, respectively, unless the Executive gives Townxxxx xxxes written notice to LFC or the Employers Bank, respectively, of the Executive's election Townxxxx'x xxxction not to extend the term, with such written notice not to be given not less than thirty sixty (3060) days prior to any such anniversary date. If the Board of Directors elects of LFC, or the Board of Directors of Bank, respectively, elect not to extend the term, it that Board of Directors shall give written notice of to Townxxxx xx such decision to the Executive not less than thirty sixty (3060) days prior to any such anniversary date. If any either party hereto gives such timely notice to the other party that the term of this Amended Agreement will not be extended as of any annual such anniversary date, then then, and in such event, this Amended Agreement shall terminate at the conclusion of its then remaining term. References herein in this Amended Agreement to the term of this Amended Agreement shall be deemed to refer both to the initial term and all successive termsterms hereunder.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Executive Vice President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years, commencing on (3) years after the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsfirst above written. Prior to the first annual anniversary of the date of this Agreement first above written and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President Chairman of the Board and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as Vice President and Chief Executive Financial Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth Consent of Independent Auditor in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankCorporation, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Senior Vice President, Chief Executive Information Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer of the Corporation and as Chairman of the Board and Chief Executive Officer of the Bank, and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years(3) years after December 14, commencing on 2007 (the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years“Commencement Date”). Prior to the first annual anniversary of the date of this Agreement Commencement Date and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder’s performance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Vice President—Head of Commercial Banking—Senior Lending Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employer on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing years beginning on the date of this Agreement and, upon approval of Effective Date. Prior to the Board of Directors of the Bank, shall extend for an additional year on each second annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement Effective Date and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement, and the term shall continue to extend each year if . If the Board of Directors approves such extension an extension, then the term of this Agreement shall be so extended as of the relevant annual anniversary of the Effective Date unless the Executive gives written notice to the Employers Employer of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such relevant annual anniversary dateof the Effective Date; provided, however, that if the Bank is deemed to be in “troubled condition” as defined in 12 C.F.R. §§225.71 or 303.101(c) (or any successors thereto) as of the applicable annual anniversary of the Effective Date, then the term of this Agreement shall not be extended unless and until the Employer shall have received all requisite regulatory approvals, non-objections or consents to such renewal pursuant to the provisions of 12 C.F.R. Part 359. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such annual anniversary dateof the Effective Date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateof the Effective Date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 5(d) (including the provisions referenced in such section) and Section 7. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer President, ComNet Mortgage Services Division and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Vice President—Head of Commercial Banking—Senior Lending Officer and the Executive hereby accepts said employment with the Bank and agrees to render such services to the Bank Employer on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing years beginning on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsEffective Date. Prior to the first annual anniversary of the date of this Agreement Effective Date and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement, and the term shall continue to extend each year if . If the Board of Directors approves such extension an extension, then the term of this Agreement shall be so extended as of the relevant annual anniversary of the Effective Date unless the Executive gives written notice to the Employers Employer of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such relevant annual anniversary dateof the Effective Date; provided, however, that if the Bank is deemed to be in “troubled condition” as defined in 12 C.F.R. §303.101(c) as of the applicable annual anniversary of the Effective Date, then the term of this Agreement shall not be extended unless and until the Employer shall have received all requisite regulatory approvals, non-objections or consents to such renewal pursuant to the provisions of 12 C.F.R. Part 359. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such annual anniversary dateof the Effective Date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateof the Effective Date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 5(d) (including the provisions referenced in such section) and Section 7. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer of each of the Company and the Bank and the Executive hereby accepts said employment and agrees to render such services to the Bank Employer on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three yearsa term ending December 31, commencing on 2025 (the date of this Agreement and“Initial Term”). Prior to December 31, upon approval 2023 (the “Extension Anniversary Date”) and each annual anniversary thereafter of the Board Extension Anniversary Date, the Boards of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement. If either of the Boards of Directors approve such an extension, and then the term of this Agreement shall continue to extend each year if be so extended as of the Board Extension Anniversary Date or any relevant annual anniversary of Directors approves such extension date unless the Executive gives written notice to the Employers of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to the Extension Anniversary Date or any relevant annual anniversary of such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to the Extension Anniversary Date or any annual anniversary of such anniversary date. If any party gives timely notice that the term will not be extended as of the Extension Anniversary Date or any annual anniversary of such date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 7. References herein to the term of this Agreement shall refer both to the initial term Initial Term and successive termsterms as the term of this Agreement is extended in accordance with the terms hereof.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer as________________________ and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years, commencing on (3) years after the date of this Agreement and, upon approval of first above written. Prior to the Board of Directors of the Bank, shall extend for an additional year on each second annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement above written and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an a one-year extension of the term of this Agreement, and the term shall continue to extend each year (beginning with the second annual anniversary date) if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any such annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Senior Vice President and Chief Executive Financial Officer of the Corporation and Senior Vice-President and Chief Financial Officer of the Bank and Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval subject to the requirements of the Board of Directors of the Banksucceeding sentence, shall be deemed automatically, without further action, to extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsAgreement. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if in the Board manner set forth above unless either the Boards of Directors approves does not approve such extension unless and provides written notice to the Executive of such event or the Executive gives written notice to the Employers of the Executive's election not to extend the term, in each case with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President President, Chief Operating Officer and Chief Executive Officer Secretary and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank IPC hereby employs the Executive as President and Chief Executive Officer of IPC, and the Executive hereby accepts said employment and agrees to render such services to the Bank IPC, on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three a term of five years, commencing on the date of this Agreement andAgreement, upon approval of unless such term is extended as provided in this Section 3. Prior to the Board of Directors of the Bank, shall extend for an additional year on each annual fifth anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement above written and each annual anniversary thereafter, the Board of Directors of the Bank IPC shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder’s performance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement. After the expiration of the initial five-year term, the term of this Agreement, and the term Agreement shall continue to extend each year if the Board of Directors approves of IPC so approve such extension extension, unless the Executive gives written notice to the Employers Bank and IPC of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty sixty (3060) days prior to any such anniversary date. If the Board of Directors of IPC elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty sixty (3060) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateextended, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term “Term of this Agreement Employment” shall refer both to the initial term and successive termsterms under this Agreement.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Executive Vice President and Chief Executive Financial Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years, commencing on (3) years after the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsfirst above written. Prior to the first annual anniversary of the date of this Agreement first above written and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder’s performance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Executive Vice President, Chief Executive Lending Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Bank of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employer hereby employs agrees to employ the Executive as Executive Vice President and Chief Executive Financial Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employer on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three two years, commencing on the date of this Agreement and, upon approval subject to the provisions of the Board of Directors of the Banknext succeeding sentence, shall extend be deemed automatically, without further action, and on a daily basis, to be extended for an additional year on each annual anniversary of the date of this Agreement day such that that, at any time prior to the Executive's receipt of a written notice in accordance with provisions of the next succeeding sentence that the term shall not be so extended, the remaining term of this Agreement shall be from two to three yearsyears provided, however, that in no event shall the term of this Agreement extend beyond December 9, 2011. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Employer shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer President, Eastern Tennessee Region of the Bank, and the Executive hereby accepts said employment and agrees to render such services to the Bank Bank, on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for a term of three years, commencing on the date of this Agreement andAgreement, upon approval of unless such term is extended as provided in this Section 2. Prior to the Board of Directors of the Bank, shall extend for an additional year on each third annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement above written and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement. After the expiration of the initial three-year term, the term of this Agreement, and the term Agreement shall continue to extend each year if the Board of Directors so approves such extension extension, unless the Executive gives written notice to the Employers Bank of the Executive's election not to extend the term, with such written notice to be given not less than thirty sixty (3060) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty sixty (3060) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateextended, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Corporation hereby employs the Executive as President and Chief Executive Officer Officer, and the Executive hereby accepts said employment and agrees to render such services to the Bank Corporation on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for a period of three yearsyears commencing as of January 10, commencing 2012 (the “Commencement Date”), and ending on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual third anniversary of the date of Commencement Date, plus such extensions, if any, as are granted pursuant to this Agreement such that at any time Section 2(a) hereof (the remaining term of this Agreement shall be from two to three years"Employment Period"). Prior Except as provided in Section 2(b), prior to the first annual anniversary of the date of this Agreement Commencement Date and each annual anniversary thereafter, the Board of Directors of the Bank Corporation shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder’s performance) an a one-year extension of the term of this Agreement, and the term shall continue to extend each year (beginning with the first annual anniversary date) if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Corporation of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty fifteen (3015) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty fifteen (3015) days prior to any such anniversary date. If any party gives timely notice that the term will Agreement is not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President President, Chief Operating Officer and Chief Executive Officer Secretary and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as Executive Vice President and Chief Operating Officer of the Corporation and as President and Chief Executive Operating Officer of the Bank and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under Unless extended as provided in this Section 2, this Agreement shall be for terminate three years(3) years after December 14, commencing on 2007 (the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years"Commencement Date"). Prior to the first annual anniversary of the date of this Agreement Commencement Date and each annual anniversary thereafter, the Board Boards of Directors of the Bank Employers shall consider and consider, review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunderperformance) an and, if appropriate, explicitly approve a one-year extension of the remaining term of this Agreement, and the . The term of this Agreement shall continue to extend each year if the Board Boards of Directors approves so approve such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board Boards of Directors elects elect not to extend the term, it they shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as Senior Vice President and Chief Executive Financial Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank Employers hereby employs employ the Executive as President and Chief Executive Officer and the Executive hereby accepts said employment and agrees to render such services to the Bank Employers on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the date of this Agreement and, upon approval of the Board of Directors of the BankEmployers, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank Employers shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of under this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers of the Executive's election not to extend the term, with such written notice to be given not less 4 4 than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Officer Senior Vice President, Community Banking and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing on the effective date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the effective date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three years. Prior to the first annual anniversary of the effective date of this Agreement and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's performance hereunder) an extension of the term of this Agreement, and the term shall continue to extend each year if the Board of Directors approves such extension unless the Executive gives written notice to the Employers Employer of the Executive's election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such anniversary date. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such anniversary date. If any party gives timely notice that the term will not be extended as of any annual anniversary date, then this Agreement shall terminate at the conclusion of its remaining term. References herein to the term of this Agreement shall refer both to the initial term and successive terms.

Term of Employment. (a) The Bank hereby employs the Executive as President and Chief Executive Credit Officer and the Executive hereby accepts said employment with the Bank and agrees to render such services to the Bank Employer on the terms and conditions set forth in this Agreement. The term of employment under this Agreement shall be for three years, commencing years beginning on the date of this Agreement and, upon approval of the Board of Directors of the Bank, shall extend for an additional year on each annual anniversary of the date of this Agreement such that at any time the remaining term of this Agreement shall be from two to three yearsEffective Date. Prior to the first annual anniversary of the date of this Agreement Effective Date and each annual anniversary thereafter, the Board of Directors of the Bank shall consider and review (with appropriate corporate documentation thereof, and after taking into account all relevant factors, including the Executive's ’s performance hereunder) an a one-year extension of the term of this Agreement, and the term shall continue to extend each year if . If the Board of Directors approves such extension an extension, then the term of this Agreement shall be so extended as of the relevant annual anniversary of the Effective Date unless the Executive gives written notice to the Employers Employer of the Executive's ’s election not to extend the term, with such written notice to be given not less than thirty (30) days prior to any such relevant annual anniversary dateof the Effective Date; provided, however, that if the Bank is deemed to be in “troubled condition” as defined in 12 C.F.R. §303.101(c) as of the applicable annual anniversary of the Effective Date, then the term of this Agreement shall not be extended unless and until the Employer shall have received all requisite regulatory approvals, non-objections or consents to such renewal pursuant to the provisions of 12 C.F.R. Part 359. If the Board of Directors elects not to extend the term, it shall give written notice of such decision to the Executive not less than thirty (30) days prior to any such annual anniversary dateof the Effective Date. If any party gives timely notice that the term will not be extended as of any annual anniversary dateof the Effective Date, then this Agreement and the rights and obligations provided herein shall terminate at the conclusion of its remaining term, except to the extent set forth in Section 5(d) (including the provisions referenced in such section) and Section 7. References herein to the term of this Agreement shall refer both to the initial term and successive terms.