Common use of Changes in Benefits Clause in Contracts

Changes in Benefits. The Savings Association shall not make any changes in such plans, benefits or privileges previously described in Section 3(c), (d) and (e) which would adversely affect the Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers of the Savings Association and does not result in a proportionately greater adverse change in the rights of, or benefits to, the Executive as compared with any other executive officer of the Savings Association. Nothing paid to Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to Executive pursuant to Section 3(a) hereof.

Appears in 3 contracts

Samples: Employment Agreement (Floridafirst Bancorp), Employment Agreement (Steelton Bancorp Inc), Employment Agreement (Floridafirst Bancorp)

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Changes in Benefits. The Savings Association Bank shall not make any changes in such plans, benefits or privileges previously described in Section 3(c), (d) and (e) which would adversely affect the Executive's ’s rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers of the Savings Association Bank and does not result in a proportionately greater adverse change in the rights of, or benefits to, the Executive as compared with any other executive officer of the Savings AssociationBank. Nothing paid to the Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to the Executive pursuant to Section 3(a) hereof.

Appears in 2 contracts

Samples: Employment Agreement (Eureka Financial Corp.), Employment Agreement (Eureka Financial Corp.)

Changes in Benefits. The Savings Association Bank shall not make any changes in such plans, benefits or privileges previously described in Section 3(c), (d) and (e) which would adversely affect the Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers of the Savings Association Bank and does not result in a proportionately greater adverse change in the rights of, or benefits to, the Executive as compared with any other executive officer of the Savings AssociationBank. Nothing paid to Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to Executive pursuant to Section 3(a) hereof. 4.

Appears in 2 contracts

Samples: Employment Agreement (American Bancorp of New Jersey Inc), Employment Agreement (American Bancorp of New Jersey Inc)

Changes in Benefits. The Savings Association Bank shall not make any changes in such plans, benefits or privileges previously described in Section 3(c), (d) and (e) which would adversely affect the Executive's ’s rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers of the Savings Association Bank and does not result in a proportionately greater adverse change in the rights of, or benefits to, the Executive as compared with any other executive officer of the Savings AssociationBank. Nothing paid to Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to Executive pursuant to Section 3(a) hereof.

Appears in 1 contract

Samples: Employment Agreement (Eureka Financial Corp.)

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Changes in Benefits. The Savings Association Bank shall not make any changes in such plans, benefits or privileges previously described in Section 3(c), (d) and (e) which would adversely affect the Executive's ’s rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers of the Savings Association Bank and does not result in a proportionately greater adverse change in the rights of, or benefits to, the Executive as compared with any other executive officer of the Savings AssociationBank. Nothing paid to Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to Executive pursuant to Section 3(a) hereof. .

Appears in 1 contract

Samples: Employment Agreement (Eureka Financial Corp.)

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