Services Duties and Responsibilities Contract Clauses (8)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Services Duties and Responsibilities clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Services Duties and Responsibilities. (a) The Company hereby agrees to employ the Executive as its Senior Vice President, Chief Retail Banking Officer during the service period fixed by Section 4 ereof (the "Service Period"). The Executive shall report to the President and Chief xecutive Officer of BFC (the "Board") and shall have such duties and responsibilities as re consistent with the position of a senior vice president and chief retail banking officer f a bank and holding company of similar size and complexity as the Company (t...he Services"). The Executive's principal work location shall be at the Company's principal xecutive offices, provided, that the Executive may be required to travel as reasonably ecessary in order to perform the Executive's duties and responsibilities hereunder. (b) During the Service Period, excluding any periods of vacation and ick leave to which the Executive is entitled, the Executive shall devote substantially all of he Executive's working time, energy and attention to the performance of her duties and esponsibilities hereunder and shall faithfully and diligently endeavor to promote the usiness of the Company. During the Service Period, the Executive may not, without the rior written consent of the Board, directly or indirectly, operate, participate in the anagement, operations or control of, or act as an executive, officer, consultant, agent or epresentative of, any type of competitive business or service, provided that the Executive ay, to the extent not otherwise prohibited by this Agreement, devote such amount of time s does not interfere with the performance of the Executive's duties under this Agreement o engaging in community and charitable activities. (a) Base Salary. During the Service Period, the Executive shall be paid an annual base salary of $194,670.00 for the Executi ve's Services hereunder, payable in accordance with the normal and customary payroll procedures applicable to the Company's senior executives. The Executive's base salary shall be subject to increase [but not decrease], as determined by the Board in its discretion (such base salary, as in effect from time to time, the "Base Salary"). (b) Changes in Compensation and Benefits. The payment or accrual of bonuses, and the grant and vesting of any equity incentive awards, pursuant to Section 2(c) below or otherwise shall in all events be subject to EESA and the Interim Final Rule (both as defined in Section 11(a) hereof). (c) Equity Incentives. The Executive shall be entitled to participate in the Bank' s Employee Stock Ownership Plan (the "ESOP") in accordance with its terms. In addition, the Executive shall be eligible for equity-based awards pursuant to BFC's Amended and Restated 2008 Long-Term Incentive Plan ("2008 Long Term Plan") of such ypes and in such amounts as shall be determined by the compensation committee of the Board (or the Board, in the absence of the compensation committee) based on the Executive's performance for the preceding year. Each of such awards shall vest and, in the case of any stock options, become exercisable to the extent of twenty percent (20%) of the shares covered thereby, on the first anniversary of the date of grant, and an additional wenty percent (20%) of the shares covered thereby on each subsequent anniversary of the date of grant, provided that vesting will cease upon termination of Executive's Services, all as more specifically set forth in the 2008 Long-Term Plan or applicable award agreement. Any stock options granted to the Executive pursuant to the 2008 Long-Term Plan shall be exercisable by the Executive at the Executive's estate, legal representative or heirs for a period of twelve (12) months after termination of the Service Period due to the death or Disability, alias more specifically set forth in the 2008 Long-Term Plan or the applicable Award Agreement. (d) hall be eligible to Other Benefits. Except as otherwise provided herein, the Executive participate in all employee benefit plans and arrangements of the Company applicable to other senior executive officers, including, without limitation, the Bank's incentive compensation plan, the Company's 401(k) Plan with continuation of the Company's current employee contribution matching policy, and medical, dental, life and ong-term disability insurance programs. (e) Vacation.The Executive shall be entitled paid vacation in be an ccordance with the Company's vacation policy; provided, that the Executive shall ntitled to not less than twenty (20) days of vacation in each calendar year (or ppropriately pro-rated portion thereof for partial years). The Executive shall be permitted o accrue permitted vacation days at such rate and carry over a maximum of fifteen (15) ays of such accrued unused vacation from year to year. with an automobile allowance in the amount of $800.00 per month during the Service Period, payable in accordance with the normal and customary practices applicable to the Company's senior executives. View More
Found in BROADWAY FINANCIAL CORP contract
Services Duties and Responsibilities. (a) The Company hereby agrees to employ the Executive as its Senior Vice President, nt and Chief Retail Banking Executive Officer during the service period fixed by Section 4 ereof (the "Service her ervice Period"). The Executive shall report to the President and Chief xecutive Officer Board of Directors of BFC (the "Board") ( ") and shall have such duties and responsibilities as re are consistent with the position posi ident and Chief Executive Officer of a senior vice president and chief retai...l banking officer f a bank and holding company of similar size and complexity siz mplexity as the Company (the Services"). "Services"). The Executive shall also serve on th o the extent he is elected for such service by the BFC stockholders, which elect recommended to the BFC stockholders by the appropriate committee of the Bo Executive shall serve on the board of directors of the Bank. The Executive's principal al work location shall be at the Company's principal xecutive offices, provided, that the executive offices; provide Executive may be required to travel as reasonably ecessary necessary in order to perform the Executive's ive's duties and responsibilities hereunder. (b) During the Service Period, excluding any periods of vacation and ick leave an ve to which the Executive is entitled, the Executive shall devote substantially all of he Executive's al cutive's working time, energy and attention to the performance of her his duties and esponsibilities an ibilities hereunder and shall faithfully and diligently endeavor to promote the usiness s of the Company. During the Service Period, the Executive may not, without the rior written t ritten consent of the Board, directly or indirectly, operate, participate in the anagement, ment, operations or control of, or act as an executive, officer, consultant, agent or epresentative ntative of, any type of competitive business or service, provided service; provided, that the Executive ay, to Execut the extent not otherwise prohibited by this Agreement, devote such amount of time s does ofti not interfere with the performance of the Executive's duties under this Agreement o engaging Agreem ging in community and charitable activities. (a) Base Salary. During the Service Period, the Executive shall be paid an annual base salary of $194,670.00 for the Executi ve's Services hereunder, payable in accordance with the normal and customary payroll procedures applicable to the Company's senior executives. The Executive's base salary shall be subject to increase [but not decrease], as determined by the Board in its discretion (such base salary, as in effect from time to time, the "Base Salary"). (b) Changes in Compensation and Benefits. The payment or accrual of bonuses, and the grant and vesting of any equity incentive awards, pursuant to Section 2(c) below or otherwise shall in all events be subject to EESA and the Interim Final Rule (both as defined in Section 11(a) hereof). (c) Equity Incentives. The Executive shall be entitled to participate in the Bank' s Employee Stock Ownership Plan (the "ESOP") in accordance with its terms. In addition, the Executive shall be eligible for equity-based awards pursuant to BFC's Amended and Restated 2008 Long-Term Incentive Plan ("2008 Long Term Plan") of such ypes and in such amounts as shall be determined by the compensation committee of the Board (or the Board, in the absence of the compensation committee) based on the Executive's performance for the preceding year. Each of such awards shall vest and, in the case of any stock options, become exercisable to the extent of twenty percent (20%) of the shares covered thereby, on the first anniversary of the date of grant, and an additional wenty percent (20%) of the shares covered thereby on each subsequent anniversary of the date of grant, provided that vesting will cease upon termination of Executive's Services, all as more specifically set forth in the 2008 Long-Term Plan or applicable award agreement. Any stock options granted to the Executive pursuant to the 2008 Long-Term Plan shall be exercisable by the Executive at the Executive's estate, legal representative or heirs for a period of twelve (12) months after termination of the Service Period due to the death or Disability, alias more specifically set forth in the 2008 Long-Term Plan or the applicable Award Agreement. (d) hall be eligible to Other Benefits. Except as otherwise provided herein, the Executive participate in all employee benefit plans and arrangements of the Company applicable to other senior executive officers, including, without limitation, the Bank's incentive compensation plan, the Company's 401(k) Plan with continuation of the Company's current employee contribution matching policy, and medical, dental, life and ong-term disability insurance programs. (e) Vacation.The Executive shall be entitled paid vacation in be an ccordance with the Company's vacation policy; provided, that the Executive shall ntitled to not less than twenty (20) days of vacation in each calendar year (or ppropriately pro-rated portion thereof for partial years). The Executive shall be permitted o accrue permitted vacation days at such rate and carry over a maximum of fifteen (15) ays of such accrued unused vacation from year to year. with an automobile allowance in the amount of $800.00 per month during the Service Period, payable in accordance with the normal and customary practices applicable to the Company's senior executives. View More
Found in BROADWAY FINANCIAL CORP contract
Services Duties and Responsibilities. (a) The Company Bank hereby agrees to employ the Executive as its a Senior Executive Vice President, Chief Retail Banking Officer President during the service period fixed by Section 4 ereof 3 hereof (the "Service Period"). The Executive shall report to the Bank's President and Chief xecutive Executive Officer of BFC (the "Board") and shall have such duties and responsibilities as re are assigned by the Board of Directors of the Bank (the "Board") or the Bank's Chief Executive Officer and consis...tent with the such position of a senior vice president and chief retail banking officer f a bank and holding company of similar size and complexity as the Company (the Services"). "Services"). The Executive's principal work location shall be at the Company's Bank's principal xecutive offices, provided, executive offices; provided that the Executive may be required to travel as reasonably ecessary necessary in order to perform the Executive's duties and responsibilities hereunder. (b) During the Service Period, excluding any periods of vacation and ick sick leave to which the Executive is entitled, the Executive shall devote substantially all of he the Executive's working time, energy and attention to the performance of her his duties and esponsibilities responsibilities hereunder and shall faithfully and diligently endeavor to promote the usiness business of the Company. Bank. During the Service Period, the Executive may not, without the rior prior written consent of the Board, directly or indirectly, operate, participate in the anagement, management, operations or control of, or act as an executive, officer, consultant, agent or epresentative representative of, any type of competitive business or service, service; provided that the Executive ay, may, to the extent not otherwise prohibited by this Agreement, devote such amount of time s as does not interfere with the performance of the Executive's duties under this Agreement o to engaging in community and charitable activities. (a) Base Salary. During the Service Period, the Executive shall be paid an annual base salary of $194,670.00 for the Executi ve's Services hereunder, payable in accordance with the normal and customary payroll procedures applicable to the Company's senior executives. The Executive's base salary shall be subject to increase [but not decrease], as determined by the Board in its discretion (such base salary, as in effect from time to time, the "Base Salary"). (b) Changes in Compensation and Benefits. The payment or accrual of bonuses, and the grant and vesting of any equity incentive awards, pursuant to Section 2(c) below or otherwise shall in all events be subject to EESA and the Interim Final Rule (both as defined in Section 11(a) hereof). (c) Equity Incentives. The Executive shall be entitled to participate in the Bank' s Employee Stock Ownership Plan (the "ESOP") in accordance with its terms. In addition, the Executive shall be eligible for equity-based awards pursuant to BFC's Amended and Restated 2008 Long-Term Incentive Plan ("2008 Long Term Plan") of such ypes and in such amounts as shall be determined by the compensation committee of the Board (or the Board, in the absence of the compensation committee) based on the Executive's performance for the preceding year. Each of such awards shall vest and, in the case of any stock options, become exercisable to the extent of twenty percent (20%) of the shares covered thereby, on the first anniversary of the date of grant, and an additional wenty percent (20%) of the shares covered thereby on each subsequent anniversary of the date of grant, provided that vesting will cease upon termination of Executive's Services, all as more specifically set forth in the 2008 Long-Term Plan or applicable award agreement. Any stock options granted to the Executive pursuant to the 2008 Long-Term Plan shall be exercisable by the Executive at the Executive's estate, legal representative or heirs for a period of twelve (12) months after termination of the Service Period due to the death or Disability, alias more specifically set forth in the 2008 Long-Term Plan or the applicable Award Agreement. (d) hall be eligible to Other Benefits. Except as otherwise provided herein, the Executive participate in all employee benefit plans and arrangements of the Company applicable to other senior executive officers, including, without limitation, the Bank's incentive compensation plan, the Company's 401(k) Plan with continuation of the Company's current employee contribution matching policy, and medical, dental, life and ong-term disability insurance programs. (e) Vacation.The Executive shall be entitled paid vacation in be an ccordance with the Company's vacation policy; provided, that the Executive shall ntitled to not less than twenty (20) days of vacation in each calendar year (or ppropriately pro-rated portion thereof for partial years). The Executive shall be permitted o accrue permitted vacation days at such rate and carry over a maximum of fifteen (15) ays of such accrued unused vacation from year to year. with an automobile allowance in the amount of $800.00 per month during the Service Period, payable in accordance with the normal and customary practices applicable to the Company's senior executives. View More
Found in S&T Bancorp, Inc. contract
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