Common use of EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS Clause in Contracts

EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Savings Bank and the Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement. Nothing in this Agreement shall confer upon the Executive the right to continue in the employ of Savings Bank or shall impose on the Savings Bank any obligation to employ or retain the Executive in its employ for any period.

EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Savings Bank and the Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Executive is subject to receiving fewer benefits than those available to him [him/her] without reference to this Agreement. Nothing in this Agreement shall confer upon the Executive the right to continue in the employ of Savings the Bank or shall impose on the Savings Bank any obligation to employ or retain the Executive in its employ for any period.

EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Savings Bank and the Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation, including any benefit or compensation payable pursuant to Executive's employment contract with the Holding Company dated __________, inuring to the Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement. Nothing in this Agreement shall confer upon the Executive the right to continue in the employ of Savings Bank or shall impose on the Savings Bank any obligation to employ or retain the Executive in its employ for any period.

EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between among the Savings Holding Company, the Bank and Executive, including the ExecutiveEmployment Agreement, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement. Nothing in this Agreement shall confer upon the Executive the right to continue in the employ of Savings the Bank or shall impose on the Savings Holding Company, the Bank or their affiliates any obligation to employ or retain the Executive in its their employ for any period.

EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Savings Bank Bank, the Holding Company and the Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement. Nothing in this Agreement shall confer upon the Executive the right to continue in the employ of Savings Bank or shall impose on the Savings Bank any obligation to employ or retain the Executive in its employ for any period.