Common use of RELATIONSHIP ESTABLISHED AND DUTIES Clause in Contracts

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank hereby will employ the employee as Executive Vice President - Loans, to hold the title of Executive Vice President - Loans and to perform such services and duties as the CEO and Board of Directors may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the CEO of the Bank, exercised in good faith in accordance with standards of reasonable business judgment. 2. Employee accepts such employment and shall devote his full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer of the Bank and will not accept employment with any other individual, corporation, partnership, governmental authority, or any other entity, or engage in any other venture for profit which the Bank may consider to be in conflict with his or its best interest or to be in competition with the Bank's business, or which may interfere in any way with the employee's performance of his duties hereunder. Any exception to this must be made by notification and approval of the Board.

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank hereby will employ the employee as Executive Senior Vice President - Loans, to hold the title of Executive Senior Vice President - Loans and to perform such services and duties as the CEO and Board of Directors may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the CEO of the Bank, exercised in good faith in accordance with standards of reasonable business judgment. 2. Employee accepts such employment and shall devote his full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer of the Bank and will not accept employment with any other individual, corporation, partnership, governmental authority, or any other entity, or engage in any other venture for profit which the Bank may consider to be in conflict with his or its best interest or to be in competition with the Bank's business, or which may interfere in any way with the employee's performance of his duties hereunder. Any exception to this must be made by notification and approval of the Board.

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank bank hereby will employ the employee as Executive Vice President - Loans, Chairman and CEO to hold the title of Executive Vice President - Loans Chairman and CEO and to perform such services and duties as the CEO and Board of Directors may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding person hold such office, subject to the general direction of the CEO Board of Directors of the Bank, exercised in good faith in accordance with standards of reasonable business judgment. 2. Employee accepts such employment and shall devote his full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer and director of the Bank bank and will not accept employment with any other individual, corporation, partnership, governmental authority, or any other entity, or engage in any other venture for profit which the Board of Directors of the Bank may consider to be in conflict with his or its the Bank's best interest or to be in competition with the Bank's business, or which may interfere in any way with the employee's performance of his duties hereunder. Any exception to this must be made by notification and written approval of the BoardBoard of Directors.

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank hereby will employ the employee as Executive Senior Vice President - LoansChief Financial Officer, to hold the title of Executive Senior Vice President - Loans Chief Financial Officer and to perform such services and duties as the CEO and Board of Directors may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the CEO of the Bank, exercised in good faith in accordance with standards of reasonable business judgment. 2. Employee accepts such employment and shall devote his her full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer of the Bank and will not accept employment with any other individual, corporation, partnership, governmental authority, or any other entity, or engage in any other venture for profit which the Bank may consider to be in conflict with his or its best interest or to be in competition with the Bank's business, or which may interfere in any way with the employee's performance of his duties hereunder. Any exception to this must be made by notification and approval of the Board.