Term of Agreement Clause Example with 5 Variations from Business Contracts

This page contains Term of Agreement clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Term of Agreement. (a) The term of this Agreement shall consist of: (i) the period commencing on the Effective Date and ending February 6, 2018, plus (ii) any and all extensions of the initial term made pursuant to this Section 4. (b) Commencing on February 6, 2017 (the "anniversary date") and continuing on each anniversary date thereafter, the disinterested members of the Board of Directors of the Bank may extend the Agreement term, so that the remaining term of the Agreement, following Board action, will be two ...(2) years, unless Executive elects not to extend the term of this Agreement by giving proper written notice. The Board of Directors of the Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement term and will include the rationale and results of its review in the minutes of the meetings. The Board of Directors of the Bank will notify Executive as soon as possible after each annual review whether it has determined to extend the Agreement. View More
Found in Beneficial Bancorp Inc. contract

Variations of a "Term of Agreement" Clause from Business Contracts

Term of Agreement. (a) The term of this Agreement shall consist of: include: (i) the initial term, consisting of the period commencing on the Effective Date date of this Agreement and ending February 6, 2018, , 2014, plus (ii) any and all extensions of the initial term made pursuant to this Section 4. (b) Commencing [Commencing on February 6, 2017 May 20, 2013 (the "anniversary date") "Renewal Date")] and continuing on each anniversary date of the Renewal Date thereafter, the disinterested members of the Board Boa...rds of Directors of the Bank may extend the Agreement term, so that the remaining term of the Agreement, following Board action, will be two (2) years, unless Executive elects not to extend the term of this Agreement by giving proper written notice. The Board of Directors of the Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement term and will include the rationale and results of its review in the minutes of the meetings. The Board of Directors of the Bank will notify Executive as soon as possible after each annual review whether it has determined to extend the Agreement. View More
Found in Beneficial Mutual Bancorp Inc contract
Term of Agreement. (a) The term of this Agreement shall consist of: include: (i) the initial term, consisting of the period commencing on the Effective Date date of this Agreement and ending February 6, 2018, September 30, 2013, plus (ii) any and all extensions of the initial term made pursuant to this Section 4. (b) Commencing on February 6, 2017 September 30, 2012 (the "anniversary date") "Renewal Date") and continuing on each anniversary date of the Renewal Date thereafter, the disinterested members of the Boar...d Boards of Directors of the Bank may extend the Agreement term, so that the remaining term of the Agreement, following Board action, will be two (2) years, unless Executive elects not to extend the term of this Agreement by giving proper written notice. The Board of Directors of the Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement term and will include the rationale and results of its review in the minutes of the meetings. The Board of Directors of the Bank will notify Executive as soon as possible after each annual review whether it has determined to extend the Agreement. (c) Notwithstanding the foregoing, in the event the Executive terminates employment with the Company and the Bank prior to a Change in Control, this Agreement will terminate as of the effective date of the Executive's termination of employment. View More
Found in FedFirst Financial Corp contract
Term of Agreement. (a) The term of this Agreement shall consist of: include: (i) the initial term, consisting of the period commencing on the Effective Date date of this Agreement and ending February 6, 2018, June 27, 2013, plus (ii) any and all extensions of the initial term made pursuant to this Section 4. (b) Commencing on February 6, 2017 May 20, 2013 (the "anniversary date") "Renewal Date") and continuing on each anniversary date of the Renewal Date thereafter, the disinterested members of the Board Boards of... Directors of the Bank may extend the Agreement term, so that the remaining term of the Agreement, following Board action, will be two (2) years, unless Executive elects not to extend the term of this Agreement by giving proper written notice. The Board of Directors of the Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement term and will include the rationale and results of its review in the minutes of the meetings. The Board of Directors of the Bank will notify Executive as soon as possible after each annual review whether it has determined to extend the Agreement. View More
Found in Beneficial Mutual Bancorp Inc contract
Term of Agreement. (a) The term of this Agreement shall consist of: (i) the period commencing on the Effective Date and ending February 6, 2018, September 26, 2019, plus (ii) any and all extensions of the initial term made pursuant to this Section 4. (b) Commencing on February 6, 2017 September 26, 2018 (the "anniversary date") and continuing on or before each anniversary date thereafter, the disinterested members of the Board of Directors of the Bank may extend the Agreement term, so that the remaining term of th...e Agreement, following Board action, will be two (2) years, unless Executive elects not to extend the term of this Agreement by giving proper written notice. The Board of Directors of the Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement term and will include the rationale and results of its review in the minutes of the meetings. The Board of Directors of the Bank will notify Executive as soon as possible after each annual review whether it has determined to extend the Agreement. View More
Found in United Community Bancorp contract
Term of Agreement. (a) The term of this Agreement shall consist of: (i) the period commencing on the Effective Date and ending February 6, 2018, September 30, 2021, plus (ii) any and all extensions of the initial term made pursuant to this Section 4. (b) Commencing on February 6, 2017 September 30, 2020 (the "anniversary date") and continuing on each subsequent anniversary date thereafter, the disinterested members of the Board of Directors of the Bank may extend the Agreement term, term for an additional year, so... that the remaining term of the Agreement, following Board action, will be two (2) years, unless Executive elects not to extend the term of this Agreement by giving proper written notice. The Board of Directors of the Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement term and will include the rationale and results of its review in the minutes of the meetings. The Board of Directors of the Bank will notify Executive as soon as possible after each annual review whether it has determined to extend the term of the Agreement. View More
Found in 3 Contracts from Ottawa Bancorp Inc