During the Employment Period Executive shall be employed in the capacity of President and Chief Executive Officer of FLIC (the “Executive Position”) and such other senior executive title or titles of FLIC as may from time to time be determined by the Boards of Directors . Executive shall be proposed for election to the Board of Directors of the Company at each annual meeting of shareholders at which Executive must stand for election in order to continue as a director, and Executive shall be appointed by the Company to serve as a director of the Bank. During the Extended Period, Executive shall have such responsibilities and duties as may be determined by the Board as contemplated in Section 1(a) above.