Common use of Financial Planning Clause in Contracts

Financial Planning. The Bank or BCH will reimburse the Executive, upon presentation and approval of receipts, invoices or other appropriate evidence of expense in accordance with the policies of the Bank or BCH, for the cost of (i) consultation with financial planning and/or estate planning advisors, (ii) premiums incurred by the Executive for personal life and health insurance coverages supplemental to any group insurance coverages provided by the Bank or BCH, for the Executive individually and, as applicable, the Executive’s dependents, (iii) consultation with financial advisors related to personal investments, (iv) investment advisory and management fees, and (v) tax planning and accounting fees (the “Permissible Purposes”). The amount of reimbursement allowance shall be limited to (i) up to seven thousand five hundred dollars ($7,500) of the expense incurred by the Executive for the first year that the Executive incurs expense for any of the Permissible Purposes and (ii) up to an additional two thousand five hundred dollars ($2,500) of expense for any of the Permissible Purposes in each subsequent year during the term of this Agreement. Notwithstanding the foregoing, any portion of such reimbursement allowance which is not fully spent during a particular year shall carryover and be available for use by the Executive for the Permissible Purposes in subsequent years during the term of this Agreement; provided, however, that the maximum aggregate amount of reimbursement allowance available for use in any particular year shall not exceed seven thousand five hundred dollars ($7,500) and any amount in excess of seven thousand five hundred dollars ($7,500) shall lapse and will not carryover from one year to another year or otherwise be available or increase the reimbursement allowance in any year during the term of this Agreement.

Financial Planning. The Bank or BCH will reimburse the Executive, upon presentation and approval of receipts, invoices or other appropriate evidence of expense in accordance with the policies of the Bank or BCH, for the cost of (i) consultation with financial planning and/or estate planning advisors, (ii) premiums incurred by the Executive for personal life and health insurance coverages supplemental to any group insurance coverages provided by the Bank or BCH, for the Executive individually and, as applicable, the Executive’s dependents, (iii) consultation with financial advisors related to personal investments, (iv) investment advisory and management fees, and (v) tax planning and accounting fees (the “Permissible Purposes”). The amount of reimbursement allowance shall be limited to (i) up to seven thousand five hundred dollars ($7,500) of the expense incurred by the Executive for the first year that the Executive incurs expense for any of the Permissible Purposes and (ii) up to an additional two thousand five hundred dollars ($2,500) of expense for any of the Permissible Purposes in each subsequent year during the term of Executive’s employment under this Agreement. Notwithstanding the foregoing, any portion of such reimbursement allowance which is not fully spent during a particular year shall carryover and be available for use by the Executive for the Permissible Purposes in subsequent years during the term of this Agreement; provided, however, that the maximum aggregate amount of reimbursement allowance available for use in any particular year shall not exceed seven thousand five hundred dollars ($7,500) and any amount in excess of seven thousand five hundred dollars ($7,500) shall lapse and will not carryover from one year to another year or otherwise be available or increase the reimbursement allowance in any year during the term of Executive’s employment under this Agreement.

Financial Planning. The Bank or BCH will reimburse the Executive, upon presentation and approval of receipts, invoices or other appropriate evidence of expense in accordance with the policies of the Bank or BCH, for the cost of (i) consultation with financial planning and/or estate planning advisors, (ii) premiums incurred by the Executive for personal life and health insurance coverages supplemental to any group insurance coverages provided by the Bank or BCH, for the Executive individually and, as applicable, the Executive’s dependents, (iii) consultation with financial advisors related to personal investments, (iv) investment advisory and management fees, and (v) tax planning and accounting fees (the “Permissible Purposes”). The amount of reimbursement allowance shall be limited to (i) up to seven fifteen thousand five hundred dollars ($7,50015,000) of the expense incurred by the Executive for the first year that the Executive incurs expense for any of the Permissible Purposes and (ii) up to an additional two five thousand five hundred dollars ($2,5005,000) of expense for any of the Permissible Purposes in each subsequent year during the term of Executive’s employment under this Agreement. Notwithstanding the foregoing, any portion of such reimbursement allowance which is not fully spent during a particular year shall carryover and be available for use by the Executive for the Permissible Purposes in subsequent years during the term of this Agreement; provided, however, that the maximum aggregate amount of reimbursement allowance available for use in any particular year shall not exceed seven thousand five hundred dollars ($7,500) and any amount in excess of seven thousand five hundred dollars ($7,500) shall lapse and will not carryover from one year to another year or otherwise be available or increase the reimbursement allowance in any year during the term of Executive’s employment under this Agreement.