Discharge of Payment Obligation. The Company's obligation to make any payments owed to the Executive under this Agreement shall be discharged to the extent such payments are made by the Bank, and the Bank's obligation to make any payments owed to the Executive under this Agreement shall be discharged to the extent such payments are made by the Company.
Appears in 5 contracts
Samples: Noncompetition, Severance and Employment Agreement (Peoples Bancorporation Inc /Sc/), Noncompetition, Severance and Employment Agreement (Peoples Bancorporation Inc /Sc/), Noncompetition, Severance and Employment Agreement (Grandsouth Bancorporation)
