Term Contract Clauses (8,450)

Term. This Agreement and Executive's employment shall commence on the Effective Date and shall continue for a period of five (5) years unless earlier terminated pursuant to Section 7. For the avoidance of doubt, the provisions of Sections 9, 10, 12 and 13 shall survive the expiration of the term of employment.

Term. The term of Executive's employment pursuant to this Agreement shall commence on the Effective Date and shall continue until terminated in accordance with the terms hereof (the "Term").

Term. The term of employment under this Agreement (the "Term") shall commence upon execution of this Agreement by both parties and end on December 31, 2020; provided, however, that beginning on January 1, 2021, and each January 1 thereafter, the Term of this Agreement shall automatically be extended for one additional calendar year unless, on or before November 1 of the preceding year, either party gives notice that employment under this Agreement will not be so extended; and further provided that if ...a Change of Control (as defined below) occurs during the original or extended term of this Agreement, this Agreement shall continue in effect for a period of 12 months beyond the month in which the Change of Control occurred.Notwithstanding the foregoing, as provided in Section 7(c), this Agreement shall terminate immediately upon the Employee's death, disability or retirement, or if the Employee voluntarily terminates her employment under circumstances to which Section 7(d) does not apply. View More

Term. This Agreement shall be for a term of five (5) years commencing on September 4, 2020 unless otherwise terminated in accordance with the termination provisions stated below.

Term. The term of Executive's employment by Employer pursuant to this Agreement (the "Term") shall commence on the Effective Date and, unless sooner terminated as provided in this Agreement or extended by mutual agreement of the parties hereto, shall terminate and expire on the first anniversary of the date hereof, subject to the terms and conditions contained herein. The Term shall thereafter be automatically extended on a month-to-month basis; provided that following the initial one-year Term, eithe...r Executive or Employer may terminate this Agreement on 30 days' prior written notice to the other. View More

Term. This Agreement shall commence on the Effective Date and shall remain in effect for an indefinite time until terminated by either party as set forth in Section 5 hereof (the term of this Agreement, the "Term").

Term. For purposes of this Agreement, the "Effective Date" shall be July 1, 2020, or such other date as the parties may agree. The initial term of this Agreement shall begin on the Effective Date, and shall continue for twenty-four (24) months; provided, however, that beginning on the first anniversary of the Effective Date, and on each anniversary of the Effective Date thereafter, the term of this Agreement shall be extended by twelve (12) months, unless the disinterested members of the boards of dir...ectors of the Employer (the "Bank Board" and "Bancorp Board", respectively) or the Executive shall have provided notice to the other party at least sixty (60) days before such date that the term shall not be extended. The period during which the Executive is employed by the William Penn Entities pursuant to this Agreement, including all extensions thereof, is hereinafter referred to as the "Term." Notwithstanding the preceding provisions of this Section, if a Change of Control occurs during the Term, the Term shall not end before the first anniversary of the Change of Control; provided, however, this sentence shall apply only to the first Change of Control to occur while this Agreement is in effect. The Chief Executive Officer of the Bank ("CEO"), in consultation with the Personnel Committee of the Bank Board, shall conduct a comprehensive performance evaluation and review of the Executive annually. View More

Term. (a) Initial Term. Executive will begin employment as the Chief Executive Officer of the Company under the terms of this Agreement starting on the date the Company's Registration Statement on Form S-1 is declared effective by the Securities and Exchange Commission (the "Commencement Date"). Executive will be employed under this Agreement until one year after the Commencement Date (the "Initial Term"). The term is automatically extended under Section 2(b) unless Executive's employment is terminate...d earlier pursuant to Section 7. (b) Renewal Term. The term of this Agreement and the Executive's employment renew automatically for successive one-year periods (each, a "Renewal Term"), unless at least 60 days before the end of the Initial Term or any Renewal Term, either party gives notice to the other party that this Employment Agreement will terminate at the end of the Initial Term or any Renewal Term (the Initial Term, together with any Renewal Terms, the "Term"). Notwithstanding the above, the Executive's employment is subject to earlier termination under Section 7. Except as otherwise agreed by Executive, if the Company timely elects not to renew this Agreement at the end of the Initial Term or any Renewal Term, the Executive's termination of employment will be characterized as a termination without Cause under Section 7(b). 1 3. Location. The location of Executive's principal place of employment will be at the Company's offices; but the Executive understands that he may be required to travel and perform services outside of this area as reasonably required to properly perform his duties under this Agreement. View More

Term. The term of employment of the Executive pursuant to this Agreement shall be for a term of three (3) years commencing as of the date on which the IPO becomes effective (the "Effective Date"), and shall be automatically extended thereafter for successive terms of three years each, unless any party hereto elects not to extend this Agreement by giving written notice to the other parties at least sixty (60) days prior to the expiration of the original or any extension term that this Agreement is not ...to be extended. Notwithstanding the foregoing, the Executive's employment hereunder may be earlier terminated in accordance with Section 5 hereof. The term of this Agreement, as from time to time extended or renewed, is hereafter referred to as the "Employment Term." For the avoidance of doubt, if the IPO does not become effective by October 30, 2020, (i) this Agreement shall be null and void ab initio and of no force or effect, without any liability to any party hereto or to any other person, and (ii) the Original Employment Agreement shall continue to apply in full force and effect. View More

Term. The term of this Agreement shall commence on the date hereof (the "Effective Date") and continue until the third anniversary of the Effective Date (as it may be extended hereunder, the "Term"); provided, however, that the Term shall be automatically extended for one additional one (1) year upon each anniversary date of the Effective Date unless either the Board of Directors of the Employer, by a majority vote of the independent members of the Board, or the Employee, elects by written notice to t...he other no less than ninety (90) days prior to any anniversary of the Effective Date, not to so extend the Term, in which case the Term shall then end on the second anniversary of the date such notice is given. View More