Common use of SOURCE OF PAYMENTS; NO DUPLICATION OF PAYMENTS Clause in Contracts

SOURCE OF PAYMENTS; NO DUPLICATION OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Company. (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive from the Bank, such compensation payments and benefits paid by the Bank will be subtracted from any amount due Executive under this Agreement. Payments pursuant to this Agreement shall be paid by the Company and/or the Bank and shall be allocated in proportion to the level of activity and the time expended on such activities by Executive as determined by the Company and the Bank on a quarterly basis.

SOURCE OF PAYMENTS; NO DUPLICATION OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Company. (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive from under the BankAssociation Employment Agreement, such compensation payments and benefits paid by the Bank Association will be subtracted from any amount due Executive under this Agreement. Payments pursuant to this Agreement shall be paid by and the Company and/or the Bank and Association Employment Agreement shall be allocated in proportion to the level of activity and the time expended on such activities by Executive as determined by the Company and the Bank Association on a quarterly basis.

SOURCE OF PAYMENTS; NO DUPLICATION OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the CompanyCompany subject to Section 13(b). (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by the Executive from under the BankBank Employment Agreement, such compensation payments and benefits paid by the Bank will be subtracted from any amount due simultaneously to the Executive under similar provisions of this Agreement. Payments pursuant to this Agreement shall be paid by the Company and/or and the Bank and Employment Agreement shall be allocated in proportion to the level of activity and the time expended on such activities by the Executive as determined by the Company and the Bank on a quarterly basis.