Term of Agreement Clause Example from Business Contracts

This example Term of Agreement clause appears in 3 contracts from 1 company

Term of Agreement. (a) The term of this Agreement shall consist of: (i) the period commencing on the Effective Date and ending September 30, 2021, plus (ii) any and all extensions of the initial term made pursuant to this Section 4. (b) Commencing on 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 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 Ottawa Bancorp Inc contract
Ottawa Bancorp Inc Contracts

Change in Control Agreement by and between Ottawa Savings Bank and Craig M. Hepner and Ottawa Bancorp, Inc., solely as guarantor, dated September 30, 2019 (Filed With SEC on October 4, 2019)

Change in Control Agreement by and between Ottawa Savings Bank and Marc N. Kingry and Ottawa Bancorp, Inc., solely as guarantor, dated September 30, 2019 (Filed With SEC on October 4, 2019)

Change in Control Agreement by and between Ottawa Savings Bank and Mark M. Stoudt and Ottawa Bancorp, Inc., solely as guarantor, dated September 30, 2019 (Filed With SEC on October 4, 2019)