Employment and Acceptance Contract Clauses (82)

Employment and Acceptance. You shall be employed as President and Chief Executive Officer of the Company and the Bank. You shall have the duties and responsibilities that are commensurate with your position and shall also render such other services and duties as may be reasonably assigned you from time to time by the Board of Directors of the Company, consistent with your position with the Company, including serving in a senior executive capacity with any one or more of the Company's Affiliates (as defined below). You her...eby accept and agree to such employment and agree to carry-out your duties and responsibilities to the best of your ability in a competent, efficient and businesslike manner. You further agree to comply with all the policies, standards and codes of conduct of the Company now or hereafter adopted. Unless the context otherwise requires, references in this Agreement to the "Company" also shall mean and refer to the Bank, and any other business entity that, directly or indirectly through one or more intermediaries, is controlled by, or is under common control with the Company (each, an "Affiliate"). View More

Employment and Acceptance. Conditional upon consummation of the Merger and the Subsidiary Bank Merger and Executive continuing in the employ of BAYK and VCB until the effective date and time of the Merger and Subsidiary Bank Merger (the "Effective Date"), Executive shall be employed as the Executive Vice President and Chief Financial Officer of the Company and the Bank. Executive shall have the duties and responsibilities that are commensurate with such positions and shall also render such other services and duties as may... be reasonably assigned Executive from time to time by the Employer, consistent with Executive's positions with the Employer. Executive accepts and agrees to such employment and agrees to carry out her duties and responsibilities to the best of her ability in a competent, efficient and businesslike manner. Executive further agrees to comply with all the policies, standards and codes of conduct of the Employer now or hereafter adopted. View More

Employment and Acceptance. The Company shall continue to employ the Employee, and the Employee shall continue to accept employment with the Company, subject to the terms of this Agreement, effective as of January 1, 2019 (the "Effective Date").

Employment and Acceptance. Effective as of the Effective Date, Executive shall be employed as the President and Chief Financial Officer of the Bank and as the Executive Vice President and Chief Financial Officer of the Company. Executive will also be nominated for membership on the Board of Directors of the Bank annually, and the Company, as the sole shareholder of the Bank, will vote to elect Executive as a director of the Bank during (or for each term of service as a director that begins during) the Employment Period (a...s defined below). Executive shall have the duties and responsibilities that are commensurate with such positions and shall also render such other services and duties as may be reasonably assigned Executive from time to time by the Employer, consistent with Executive's positions with the Employer. Executive accepts and agrees to such employment and agrees to carry out her duties and responsibilities to the best of her ability in a competent, efficient and businesslike manner. Executive further agrees to comply with all the policies, standards and codes of conduct of the Employer now or hereafter adopted. View More

Employment and Acceptance. During the Term (as defined in Section 3 below), the Company shall employ Executive, and Executive shall serve the Company, subject to the terms of this Agreement.

Employment and Acceptance. Conditional upon consummation of the Merger and the Subsidiary Bank Merger and your continuing in the employ of Virginia Community Bank until the effective date and time of the Subsidiary Bank Merger (the "Effective Time") and effective at the Effective Time, you shall be employed as President – Central Virginia Region of the Bank. You shall have the duties and responsibilities that are commensurate with your position and shall also render such other services and duties as may be reasonably assi...gned you from time to time by the Bank, consistent with your position with the Bank. You accept and agree to such employment and agree to carry out your duties and responsibilities to the best of your ability in a competent, efficient and businesslike manner. You further agree to comply with all the policies, standards and codes of conduct of the Bank now or hereafter adopted. References in this Agreement to services rendered for the Bank and compensation and benefits payable or provided by the Bank shall include services rendered for, and compensation and benefits payable or provided by, any Affiliate (as defined below). Unless the context otherwise requires, references in this Agreement to the "Bank" also shall mean and refer to any business entity that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the Bank (each, an "Affiliate"). View More

Employment and Acceptance. The Company will employ Executive, and Executive will accept employment, subject to the terms of this Agreement, effective as of January 1, 2018 ("Effective Date").

Employment and Acceptance. The Company will employ Executive, and Executive will accept employment, subject to the terms of this Agreement, as of October 1, 2017 ("Effective Date").