Common use of Financial Planning Clause in Contracts

Financial Planning. Executive shall be entitled to use the services of a tax professional and a personal financial planning professional (which may be the same person or entity for both services (the “Tax Service Professional”) of his choosing) and seek reimbursement by the Bank for the reasonable cost of such Tax Service Professional actually incurred by the Executive. The services to be provided shall include (i) the preparation of all required federal, state and local personal income tax returns, (ii) advice with respect to federal, state and local income tax treatment of cash and other forms of compensation paid to the Executive by the Bank and (iii) investment and retirement counseling and estate planning. Notwithstanding the foregoing, the annual cost to the Bank of such services shall not exceed $5,000 (the “Annual Cost”). Reimbursement of the Annual Cost shall be paid promptly by the Bank and in any event no later than March 15 of the year immediately following the year in which the Annual Cost was incurred. The Annual Cost shall be reviewed annually by the Compensation Committee of the Bank and, if increased, shall be reflected in an addendum hereto.”

Financial Planning. Executive shall be entitled to use the services of a tax professional and a personal financial planning professional (which may be the same person or entity for both services (the “"Tax Service Professional”") of his choosing) choosing and seek reimbursement by the Bank Company for the reasonable cost of such Tax Service Professional actually incurred by the Executive. The services to be provided shall include (i) the preparation of all required federal, state and local personal income tax returns, (ii) advice with respect to federal, state and local income tax treatment of cash and other forms of compensation paid to the Executive by the Bank Company and (iii) investment and retirement counseling and estate planning. Notwithstanding the foregoing, the annual cost to the Bank Company of such services shall not exceed $5,000 (the “"Annual Cost”"). Reimbursement of the Annual Cost shall be paid promptly by the Bank Company and in any event no later than March 15 of the year immediately following the year in which the Annual Cost was incurred. The Annual Cost shall be reviewed annually by the Compensation Committee of the Bank Company and, if increased, shall be reflected in an addendum hereto.”

Financial Planning. Executive shall be entitled to use the services of a tax professional and a personal financial planning professional (which may be the same person or entity for both services (the “"Tax Service Professional”") of his choosing) choosing and seek reimbursement by the Bank Company for the reasonable cost of such Tax Service Professional actually incurred by the Executive. The services to be provided shall include (i) the preparation of all required federal, state and local personal income tax returns, (ii) advice with respect to federal, state and local income tax treatment of cash and other forms of compensation paid to the Executive by the Bank Company and (iii) investment and retirement counseling and estate planning. Notwithstanding the foregoing, the annual cost to the Bank Company of such services shall not exceed $5,000 6,000 (the “"Annual Cost”"). Reimbursement of the Annual Cost shall be paid promptly by the Bank Company and in any event no later than March 15 of the year immediately following the year in which the Annual Cost was incurred. The Annual Cost shall be reviewed annually by the Compensation Committee of the Bank Company and, if increased, shall be reflected in an addendum hereto.”

Financial Planning. Executive shall be entitled to use the services of a tax professional and a personal financial planning professional (which may be the same person or entity for both services (the “Tax Service Professional”) of his choosing) and seek reimbursement by the Bank for the reasonable cost of such Tax Service Professional actually incurred by the Executive. The services to be provided shall include (i) the preparation of all required federal, state and local personal income tax returns, (ii) advice with respect to federal, state and local income tax treatment of cash and other forms of compensation paid to the Executive by the Bank and (iii) investment and retirement counseling and estate planning. Notwithstanding the foregoing, the annual cost to the Bank of such services shall not exceed $5,000 6,000 (the “Annual Cost”). Reimbursement of the Annual Cost shall be paid promptly by the Bank and in any event no later than March 15 of the year immediately following the year in which the Annual Cost was incurred. The Annual Cost shall be reviewed annually by the Compensation Committee of the Bank and, if increased, shall be reflected in an addendum hereto.”