During the Employment Term, Executive shall serve as the President of the Bank, and President and Chief Executive Officer of the Holding Company, reporting exclusively to the Holding Company’s Board of Directors (the “ Board ”). Executive shall also serve as an appointed member of Board of Directors of the Bank (the “ Bank Board ”) and the Board of Directors of the Holding Company (the “ Holding Company Board ”). In such positions, Executive shall have such duties, authority and responsibility as shall be determined from time to time by the Board and as are customarily performed by persons situated in a similar executive capacity.