SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 144 contracts
Samples: Change in Control Agreement (Winchester Bancorp, Inc./Md/), Employment Agreement (Northfield Bancorp, Inc.), Change in Control Agreement (BV Financial, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 91 contracts
Samples: Employment Agreement (Wayne Savings Bancshares Inc /De/), Employment Agreement (Simplicity Bancorp, Inc.), Employment Agreement (Wayne Savings Bancshares Inc /De/)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purposed of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 74 contracts
Samples: Employment Agreement (PFS Bancorp, Inc.), Employment Agreement (EWSB Bancorp, Inc. /MD/), Employment Agreement (EWSB Bancorp, Inc. /MD/)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive andExecutive, and if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 54 contracts
Samples: Employment Agreement (Generations Bancorp NY, Inc.), Employment Agreement (Generations Bancorp NY, Inc.), Employment Agreement (ESSA Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the BankBANK. The CompanyCOMPANY, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive EXECUTIVE and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the BankBANK, such amounts and benefits shall be paid or provided by the CompanyCOMPANY.
Appears in 53 contracts
Samples: Change in Control Agreement (First Capital Inc), Change in Control Agreement (First Capital Inc), Change in Control Agreement (First Capital Inc)
SOURCE OF PAYMENTS. All payments provided for in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment Company and provision Bank reserve the right to make payments provided for in this Agreement from general funds of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 34 contracts
Samples: Employment Agreement (Fox Chase Bancorp Inc), Employment Agreement (Fox Chase Bancorp Inc), Employment Agreement (Fox Chase Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees Any holding company established by the Bank may accede to this Agreement but only for the purposed of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 23 contracts
Samples: Change in Control Agreement (Beacon Federal Bancorp, Inc.), Change in Control Agreement (Cape Bancorp, Inc.), Change in Control Agreement (Beacon Federal Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in for under this Agreement shall be timely paid in cash or check from the general funds of the Bank. The CompanyCorporation, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if under this Agreement. In the event the Bank does not pay such amounts and benefits due from the Bank are not timely paid or provided by the Bankprovide such benefits, such amounts and benefits they shall be paid or provided by the CompanyCorporation.
Appears in 13 contracts
Samples: Employment Agreement (Athens Bancshares Corp), Employment Agreement (Athens Bancshares Corp), Employment Agreement (Athens Bancshares Corp)
SOURCE OF PAYMENTS. All The Bank shall make in a timely manner all payments provided in for under this Agreement shall be timely paid in cash or check from the its general funds of the Bankfunds. The Company, however, unconditionally guarantees payment and the provision of all amounts and benefits due hereunder to Executive and, if the Employee under this Agreement. If the Bank does not timely pay or provide such amounts and benefits due from benefits, the Bank are not timely paid Company shall pay or provided by the Bank, provide such amounts and benefits shall be paid or provided by the Companybenefits.
Appears in 13 contracts
Samples: Employment Agreement (Community Financial Corp /Md/), Employment Agreement (Community Financial Corp /Md/), Employment Agreement (Community Financial Corp /Md/)
SOURCE OF PAYMENTS. All payments provided in for under this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if under this Agreement. In the event the Bank does not pay such amounts and benefits due from the Bank are not timely paid or provided by the Bankprovide such benefits, such amounts and benefits they shall be paid or provided by the Company.
Appears in 10 contracts
Samples: Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 9 contracts
Samples: Employment Agreement (Union Financial Bancshares Inc), Executive Employment Agreement (Union Financial Bancshares Inc), Employment Agreement (Firstbank Nw Corp)
SOURCE OF PAYMENTS. All The Bank shall make in a timely manner all payments provided in for under this Agreement shall be timely paid in cash or check from the its general funds of the Bankfunds. The Company, however, unconditionally guarantees payment and the provision of all amounts and benefits due hereunder to Executive and, if under this Agreement. If the Bank does not timely pay or provide such amounts and benefits due from benefits, the Bank are not timely paid Company shall pay or provided by the Bank, provide such amounts and benefits shall be paid or provided by the Companybenefits.
Appears in 9 contracts
Samples: Change in Control Agreement (Hometown Bancorp,Inc.), Change in Control Agreement (Hometown Bancorp,Inc.), Change in Control Agreement (Hometown Bancorp,Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank Association are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 8 contracts
Samples: Change in Control Agreement (Chicopee Bancorp, Inc.), Change in Control Agreement (Chicopee Bancorp, Inc.), Change in Control Agreement (Chicopee Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash by check or check direct deposit from the general funds of the Bank (or any successor of the Bank). The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purpose of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 8 contracts
Samples: Employment Agreement (Kearny Financial Corp.), Employment Agreement (Kearny Financial Corp.), Employment Agreement (Kearny Financial Corp.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive Employee and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 7 contracts
Samples: Employment and Confidentiality Agreement, Executive Employment Agreement (Midstate Bancorp, Inc.), Executive Employment Agreement (Midstate Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 7 contracts
Samples: Employment Agreement (Bridge Bancorp, Inc.), Employment Agreement (Bridge Bancorp Inc), Employment Agreement (Bridge Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash cash, check or check direct deposit from the general funds of the Bank. The Company, however, unconditionally guarantees guarantee payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 6 contracts
Samples: Employment Agreement (Northwest Bancshares, Inc.), Employment Agreement (Northwest Bancshares, Inc.), Employment Agreement (Northwest Bancshares, Inc.)
SOURCE OF PAYMENTS. All payments provided for in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 6 contracts
Samples: Change in Control Agreement (Smithtown Bancorp Inc), Change in Control Agreement (Smithtown Bancorp Inc), Change in Control Agreement (Smithtown Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 6 contracts
Samples: Employment Agreement (Oceanfirst Financial Corp), Employment Agreement (Pulaski Bancorp Inc), Employment Agreement (Queens County Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash cash, check or check direct deposit from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 6 contracts
Samples: Employment Agreement (Northwest Bancshares, Inc.), Employment Agreement (Northwest Bancorp Inc), Employment Agreement (Northwest Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the BankCorporation. The CompanyBank, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive Employee and, if any such amounts and benefits due from the Bank are not timely paid or provided by the BankCorporation, such amounts and benefits shall be paid or provided by the CompanyBank.
Appears in 5 contracts
Samples: Employment Agreement (Oneida Financial Corp.), Employment Agreement (Oneida Financial Corp.), Employment Agreement (Oneida Financial Corp.)
SOURCE OF PAYMENTS. All payments provided in for under this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive the Employee and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit.
Appears in 4 contracts
Samples: Employment Agreement (Mayflower Bancorp Inc), Employment Agreement (Mayflower Bancorp Inc), Employment Agreement (Mayflower Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash cash, check or check direct deposit from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 4 contracts
Samples: Employment Agreement (Northwest Bancshares, Inc.), Employment Agreement (Northwest Bancshares, Inc.), Employment Agreement (Northwest Bancshares, Inc.)
SOURCE OF PAYMENTS. All payments provided for in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 4 contracts
Samples: Employment Agreement (First Capital Inc), Employment Agreement (First Capital Inc), Employment Agreement (First Capital Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, provided, however, unconditionally that the Company hereby guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 4 contracts
Samples: Employment Agreement (OBA Financial Services, Inc.), Employment Agreement (OmniAmerican Bancorp, Inc.), Employment Agreement (OmniAmerican Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision provisions of all amounts and benefits due hereunder to Executive Employee and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 4 contracts
Samples: Executive Agreement (Sound Federal Bancorp Inc), Executive Agreement (Sound Federal Bancorp Inc), Executive Agreement (Sound Federal Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive andExecutive, and if such amounts and benefits due from the Bank Association are not timely paid or provided by the BankAssociation, such amounts and benefits shall be paid or provided by the Company.
Appears in 3 contracts
Samples: Employment Agreement (CCSB Financial Corp), Employment Agreement (CCSB Financial Corp), Employment Agreement (CCSB Financial Corp)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purpose of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 3 contracts
Samples: Employment Agreement (First Seacoast Bancorp, Inc.), Employment Agreement (First Seacoast Bancorp), Employment Agreement (First Seacoast Bancorp)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Savings Bank. The Company, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the Savings Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 3 contracts
Samples: Employment Agreement (Security Bancorp Inc /Tn), Severance Agreement (Security Bancorp Inc /Tn), Severance Agreement (Security Bancorp Inc /Tn)
SOURCE OF PAYMENTS. All payments provided in for under this Agreement shall be timely paid in cash or check from the general funds of the Bank. The CompanyNotwithstanding any provision in this Agreement to the contrary, howeverto the extent that payments and benefits, unconditionally guarantees payment and provision of all amounts as provided by this Agreement, are paid or provided to the Executive by the Corporation, such compensation payments and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall Corporation will be paid or provided by subtracted from any amount due simultaneously to the CompanyExecutive under similar provisions of this Agreement.
Appears in 3 contracts
Samples: Employment Agreement (Naugatuck Valley Financial Corp), Employment Agreement (Naugatuck Valley Financial Corp), Employment Agreement (Naugatuck Valley Financial Corp)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the BankBANK. The CompanyCOMPANY, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive EXECUTIVE and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the BankBANK, such amounts and benefits shall be paid or provided by the CompanyCOMPANY. The BANK, however, shall not be responsible for any compensation payable to EXECUTIVE with respect to services provided by EXECUTIVE to the COMPANY or with respect to any action of the company with respect to EXECUTIVE.
Appears in 3 contracts
Samples: Employment Agreement (Pulaski Financial Corp), Employment Agreement (Pulaski Financial Corp), Employment Agreement (Pulaski Financial Corp)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such the amounts and benefits due from the Bank are not timely paid or provided by the Bank, such the amounts and benefits shall be paid or provided by the Company.
Appears in 2 contracts
Samples: Employment Agreement (New Bancorp, Inc.), Employment Agreement (New Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.”
Appears in 2 contracts
Samples: Change in Control Agreement (Newport Bancorp Inc), Change in Control Agreement (Newport Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision provisions of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company."
Appears in 2 contracts
Samples: Executive Agreement (Sound Federal Bancorp), Executive Agreement (Sound Federal Bancorp)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the BankCompany (or the Company may cause the Bank to make such payments). The Company, however, unconditionally guarantees payment and provision provisions of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyEmployee.
Appears in 2 contracts
Samples: Employment Agreement (Sound Federal Bancorp Inc), Employment Agreement (Sound Federal Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided for in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 2 contracts
Samples: Employment Agreement (Affinity Bancshares, Inc.), Employment Agreement (Community First Bancshares, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purposed of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 2 contracts
Samples: Employment Agreement (Eagle Financial Bancorp, Inc.), Employment Agreement (Eagle Financial Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally Company guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the BankBank for any reason including the Bank being prohibited from making such payments, such amounts and benefits shall be paid or provided by the Company.
Appears in 2 contracts
Samples: Special Termination Agreement (Fidelity Bancorp Inc /De/), Special Termination Agreement (Fidelity Bancorp Inc /De/)
SOURCE OF PAYMENTS. All It is intended by the parties hereto that all payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally Company guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 2 contracts
Samples: Employment Agreement (LSB Financial Corp), Change in Control Agreement (Haven Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank payments are not timely paid aid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 2 contracts
Samples: Merger Agreement (South Carolina Community Bancshares Inc), Merger Agreement (Union Financial Bancshares Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, Bank unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 2 contracts
Samples: Employment Agreement (American Bancorp of New Jersey Inc), Employment Agreement (American Bancorp of New Jersey Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the BankCompany. The Company, however, unconditionally Company guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the BankBank for any reason including the Bank being prohibited from making such payments, such amounts and benefits shall be paid or provided by the Company.
Appears in 2 contracts
Samples: Special Termination Agreement (Fidelity Bancorp Inc /De/), Special Termination Agreement (Fidelity Bancorp Inc /De/)
SOURCE OF PAYMENTS. All payments to be made and benefits to be provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank and provided by the Bank. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the BankBank for any reason, such amounts and benefits shall be paid or provided by the Holding Company. It is agreed and understood that the Executive is not entitled to duplicate payments from both the Bank and the Holding Company.
Appears in 2 contracts
Samples: Salary and Benefits Continuation Agreement (Financial Bancorp Inc), Salary and Benefits Continuation Agreement (Financial Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purpose of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Company or the Bank. The CompanyPayments pursuant to this Agreement shall be allocated between the Company and the Bank 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, however, unconditionally guarantees payment and unless the applicable provision of all amounts and benefits due hereunder to this Agreement specifies that the payment shall be made by either the Company or the Bank. In no event shall the Executive and, if such amounts and benefits due receive duplicate payments from the Bank are not timely paid or provided by Company and the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided for in this Agreement shall be timely paid in cash or check from the general funds of the BankBANK. The CompanyCOMPANY, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive EXECUTIVE and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the BankBANK, such amounts and benefits shall be paid or provided by the CompanyCOMPANY.
Appears in 1 contract
Samples: Merger Agreement (First Federal Financial Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company..
Appears in 1 contract
Samples: Change in Control Agreement (Orange County Bancorp, Inc. /DE/)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive andthe Executive, and if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
Samples: Employment Agreement (First Clover Leaf Financial Corp.)
SOURCE OF PAYMENTS. All payments to be made and benefits to be provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank and provided by the Bank. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the BankBank for any reason, such amounts and benefits shall be paid or provided by the Company.Holding
Appears in 1 contract
Samples: Salary Continuation Agreement (Financial Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall ------------------ be timely paid in cash or check from the general funds of the BankCompany. The Company, however, Company unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 1 contract
Samples: Employment Agreement (Synergy Financial Group Inc /Nj/)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, . however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
Samples: Change in Control Agreement (SI Financial Group, Inc.)
SOURCE OF PAYMENTS. All payments provided in for under this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
Samples: Change in Control Agreement (Beneficial Mutual Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Company or the Bank. The Company, however, unconditionally Each of the Company and the Bank shall be jointly and severally liable to the Executive and each guarantees payment and provision of all amounts and benefits due hereunder to Executive andExecutive, and if such amounts and benefits due from the Bank are not timely paid or provided by the Bankprovided, such amounts and benefits shall may be paid enforced against either the Company or provided by the CompanyBank.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Company or the Bank. The CompanyPayments pursuant to this Agreement shall be allocated between the Company and the Bank 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, however, unconditionally guarantees payment and unless the applicable provision of all amounts and this Agreement specifies that the payment shall be made by either the Company or the Bank. In no event shall the Executive receive duplicate payments or benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by Company and the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be ------------------ timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.” Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid by direct electronic deposit or in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall ------------------ be timely paid in cash or check from the general funds of the Bank. The CompanyCorporation, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyCorporation.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment all payments and provision the provisions of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits 170527.2 due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
Samples: Change in Control Agreement (SI Financial Group, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the BankCompany. The Company, however, Company unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in In this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided for in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.. {Clients/1622/00346556.DOCX/ } 16
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in for under this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in for under this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if under this Agreement. In the event the Bank does not pay such amounts and benefits due from the Bank are not timely paid or provided by the Bankprovide such benefits, such amounts and benefits they shall be paid or provided by the Company.]
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, howeverhowever (but subject to the terms of this Agreement), unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
Samples: Employment Agreement (Metropolitan Financial Corp /Oh/)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Savings Bank. The Company, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the Savings Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purposed of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.Executive.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided for in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in for under this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Notwithstanding any provision in this Agreement to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid or provided to the Executive by the Company, however, unconditionally guarantees payment and provision of all amounts such compensation payments and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall Company will be paid or provided by subtracted from any amount due simultaneously to the CompanyExecutive under similar provisions of this Agreement.
Appears in 1 contract
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Company or the Bank, as appropriate, and there shall be no duplication of benefits. The CompanyFurther, however, unconditionally the Company guarantees payment such payments and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All It is intended by the parties hereto that all payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive andExecutive, and if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Company or the Bank. The Company, however, unconditionally Each of the Company and the Bank shall be jointly and severally liable to Executive and each guarantees payment and provision of all amounts and benefits due hereunder to Executive andExecutive, and if such amounts and benefits due from the Bank are not timely paid or provided by the Bankprovided, such amounts and benefits shall may be paid enforced against either the Company or provided by the CompanyBank.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the BankBank for any reason including the Bank being prohibited from making such payments, such amounts and benefits shall be paid or provided by the Company.
Appears in 1 contract
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the BankCOMPANY, unless otherwise specified herein. The CompanyBANK, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive EXECUTIVE and, if such amounts and benefits due from the Bank payments are not timely paid or provided by the BankCOMPANY, such amounts and benefits shall be paid or provided by the CompanyBANK.
Appears in 1 contract