Term Contract Clauses (8,450)

Term. Employee's employment under this Agreement shall commence as of the Effective Date hereof and shall continue for an initial term of three (3) years. Upon the expiration of the initial term, this Agreement shall be automatically extended for successive periods of two (2) years (together the "Employment Term").

Term. a. The term of this Agreement shall include: (i) the initial term, consisting of the period commencing on February 6, 2015 (the "Effective Date") and ending on February 6, 2017, plus (ii) any and all extensions of the initial term made pursuant to this Section 3. b. Commencing on February 6, 2016 and continuing on each February 6th thereafter ("anniversary date"), the disinterested members of the Boards of Directors of the Company and the Bank may extend the Agreement for an additional year, unl...ess Executive elects not to extend the term of this Agreement by giving proper written notice in accordance with Section 19 of this Agreement. The 1 Compensation Committee of the Board will review the Agreement and Executive's performance annually prior to each anniversary date for purposes of determining whether to recommend an extension of the Agreement to the Boards of Directors of the Company and the Bank. The rationale and results of the Boards' discussions shall be included in the minutes of the Boards' meetings. The Board shall give notice to the Executive as soon as possible after each such review as to whether the Agreement is to be extended. c. Nothing in this Agreement shall mandate or prohibit a continuation of the Executive's employment following the expiration of the term of this Agreement, upon such terms and conditions as the Bank, the Company and the Executive may mutually agree. d. The Executive serves as a member of the Boards of Directors of the Bank and the Company. The Bank and Company Boards shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the Bank and the Company, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he shall resign as a director of the Bank and the Company effective immediately after termination of his employment. With respect to the preceding sentence, the Executive agrees that his resignation as a director will be effective as of the date his employment with the Bank and the Company terminates, regardless of whether the Executive submits a formal, written resignation as director. View More

Term. This Agreement is effective as of the Effective Date. The Company agrees to employ Executive in accordance herewith during the period starting on the Effective Date and ending on and inclusive of the date two (2) years thereafter, subject to any earlier termination of Executive's employment hereunder pursuant to Section 7. The period starting on the Effective Date and ending on and inclusive of the date two (2) years thereafter, regardless of any termination of Executive's employment hereunder, ...is referred to herein as the "Term". The period starting on the Effective Date and ending on and inclusive of the earlier of (a) the date two (2) years thereafter, and (b) the Termination Date (as defined in Section 8.1) is referred to herein as the "Employment Period". View More

Term. This Agreement shall commence on the Effective Date and shall continue until three (3) years following the consummation of the initial Public Offering, subject to earlier termination as set forth in Section 5 below ("Initial Term"). The Agreement will automatically renew, subject to earlier termination as herein provided, for successive one (1) year periods (the "Additional Terms"), unless either Executive or the Company provide notice of non-renewal at least forty-five (45) days prior to the ex...piration of the Initial Term or the then Additional Term, whichever is applicable. The Initial Term and any Additional Term(s) shall be referred to collectively as the "Term." 3. Capacity and Performance. 3.1 During the Term, Executive shall serve the Company as its Chief Financial Officer and shall report directly to the Chief Executive Officer. During the Term, Executive shall be employed by the Company on a full-time basis and shall perform such duties and responsibilities, consistent and customary with the position of Chief Financial Officer, on behalf of the Company and its Affiliates as may reasonably be designated from time to time by the Chief Executive Officer. 3.2 During his employment with the Company, Executive shall devote his full business time and commercially reasonable efforts, business judgment, skill, and knowledge exclusively to the advancement of the business and interests of the Company and its Affiliates and to the discharge of his duties and responsibilities hereunder. Executive shall not engage in 3 any other competitive business activity or serve in any competitive industry, trade, professional, governmental, or academic position during his employment with the Company, except as may be expressly approved by the Board in writing. The foregoing shall not limit Executive's right to: (a) serve on civic or charitable boards or committees or up to two corporate boards that are not engaged in business competition with the Company; (b) engage in such activities as are reasonably necessary to monitor and protect his interests as a minority stockholder in other companies, to the extent a reasonably prudent minority stockholder would be expected to engage in such activities; and (c) invest Executive's personal assets in such manner as will not require any material services by Executive in the operation of the entities in which such investments are made, to the extent such activities do not individually or in the aggregate interfere with the discharge of Executive's duties hereunder in a matter so that such activities will not prevent Executive from fulfilling Executive's obligations to the Company hereunder. View More

Term. The Executive's employment under this Agreement (the "Term") shall commence as of the Effective Date and shall continue for a term of three years unless sooner terminated pursuant to Section 8 of this Agreement. Notwithstanding anything to the contrary contained herein, the provisions of this Agreement governing protection of Confidential Information shall continue in effect as specified in Section 5 hereof and survive the expiration or termination hereof.

Term. The term of this Agreement will commence on the Effective Date hereof and shall continue until terminated by either party in accordance with Section 6 below.

Term. The Executive's employment hereunder shall commence effective as of January 1, 2015 and shall continue until terminated on the terms and conditions set forth herein. The Term of this Agreement is hereafter referred to as "the term of this Agreement" or "the term hereof." 3. Capacity and Performance. During the term hereof, Executive shall serve as Chief Accounting Officer of the Company (the "Position"). Executive shall report directly to the Chief Executive Officer. Executive shall have all pow...ers and duties consistent with his position, subject to the direction and control of the Board and shall perform such other duties and responsibilities on behalf of the Company as may reasonably be designated from time to time by the Board. Executive shall require the approval of the Board to pursue or enter into any transaction or group of related transactions that are not in the ordinary course of business and would be material to the Company. Executive shall devote sufficient time and his best efforts, business judgment, skill and knowledge to the advancement of the business and interests of the Company and to the discharge of his duties and responsibilities hereunder. Executive shall comply with all written policies of the Company in effect from time to time and shall observe and implement those resolutions and directives of the Board as made or issued from time to time. Executive agrees that under no circumstances shall he undertake any other form of employment or consulting that would conflict with the interests of the Company. View More

Term. This Agreement shall be for a term commencing on the Effective Date and terminating 18 months after the Effective Date (the "Term"), unless sooner terminated in accordance with the provisions of Section 6.

Term. The term of this Agreement shall be a period of three years commencing on the Commencement Date, subject to earlier termination as provided herein. Beginning on the first anniversary of the Commencement Date, and on each anniversary thereafter, the term of this Agreement shall be extended for a period of one year in addition to the then-remaining term, provided that: (i) neither the Employee, nor the Company or First Federal, has given notice to the other in writing at least 90 days prior to suc...h anniversary that the term of this Agreement shall not be extended further; and (ii) prior to such anniversary, the Board of Directors or the Committee explicitly reviews and approves the extension. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. View More

Term. The Company agrees to employ Executive, and Executive agrees to serve the Company, on an "at will" basis, which means that either the Company or Executive may terminate Executive's employment with the Company at any time, with or without Cause, as provided in Section 5 below. The period commencing with the Commencement Date and ending on the effective date of any termination of employment in accordance with the provisions hereof shall constitute the term of this Agreement (the "Term").