Term Position Contract Clauses (28)

Term Position. 3.1 Term. Executive's employment hereunder shall continue until the Expiration Date, unless extended in writing by both the Bank and Executive or sooner terminated in accordance with the provisions of this Agreement (the "Term"). 2 3.2 Position. The Bank shall employ Executive to serve as Executive Vice President & Chief Credit Officer of the Bank and Executive Vice President of Bancorp, a publicly traded corporation. 3.3 No Restrictions. Executive represents and warrants to the Bank that Execut...ive is not subject to any legal obligations or restrictions that would prevent or limit Executive's entering into this Agreement and performing Executive's responsibilities hereunder. View More

Term Position. (a) The term of this Agreement will commence on the Effective Date and extend through December 31, 2019, unless this Agreement is earlier terminated as provided herein (the "Term"). If the transactions contemplated by the Purchase Agreement (as hereinafter defined) are not consummated for any reason, this Agreement shall be deemed null and void and shall terminate effective as of the termination of the Purchase Agreement, and the 2013 Agreement shall continue with full force and effect. (b) Empl...oyee will serve as Executive Vice President and Chief Financial Officer of the Company and report to the Chief Executive Officer of the Company. Employee agrees to devote Employee's full-time attention, skill and efforts to the performance of Employee's duties for the Company. View More