Common use of Non-duplication Clause in Contracts

Non-duplication. The Company hereby agrees to guarantee the payment by the Bank of any benefits and compensation to which the Executive is, or may be, entitled under the terms and conditions of the employment agreement of even date herewith between the Bank and the Executive. In the event that the Executive shall perform services for the Bank or any other direct or indirect subsidiary or affiliate of the Company or the Bank, any compensation or benefits provided to the Executive by such other employer shall be applied to offset the obligations of the Company hereunder, it being intended that this Agreement set forth the aggregate compensation and benefits payable to the Executive for all services to the Company, the Bank and all of their respective direct or indirect subsidiaries and affiliates.

Non-duplication. The Company hereby agrees has agreed to guarantee the payment by the Bank of any benefits and compensation to which the Executive is, or may be, entitled under the terms and conditions of the employment agreement of even date herewith between the Bank and the Executivethis Agreement. In the event that the Executive shall perform services for the Bank or any other direct or indirect subsidiary or affiliate of the Company or the Bank, any compensation or benefits provided to the Executive by such other employer employer, including under this Agreement, shall be applied to offset the obligations of the Company hereunderunder the Company Employment Agreement, it being intended that this the Company Employment Agreement set sets forth the aggregate compensation and benefits payable to the Executive for all services to the Company, the Bank Bank, and all of their respective direct or indirect subsidiaries and affiliates.

Non-duplication. The Company hereby agrees to guarantee the payment by the Bank of any benefits and compensation to which the Executive is, or may be, entitled under the terms and conditions of the employment agreement Bank Employment Agreement of even date herewith between the Bank and the Executive. In the event that the Executive shall perform services for the Bank or any other direct or indirect subsidiary or affiliate of the Company or the Bank, any compensation or benefits provided to the Executive by such other employer shall be applied to offset the obligations of the Company hereunder, it being intended that this Employment Agreement set sets forth the aggregate compensation and benefits payable to the Executive for all services to the Company, the Bank Bank, and all of their respective direct or indirect subsidiaries and affiliates.