Common use of SOURCE OF PAYMENTS Clause in Contracts

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive under the Employment Agreement in effect between Executive and the Bank, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by the Executive under the Employment Agreement an employment agreement in effect between the Executive and the Bank, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to the Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by the Executive on activities related to the Company Corporation and the Bank, respectively, as determined by the Company Corporation and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive under the Employment Agreement employment agreement in effect between Executive and the Bank, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by the Executive under the Employment Agreement an employment agreement in effect between the Executive and the BankCompany, the payments and benefits paid by the Bank Company will be subtracted from any amount or benefit due simultaneously to the Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by the Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive in accordance with similar provisions under the Employment Agreement employment agreement in effect between Executive and the Bank, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement herein to the contrary, to the extent payments and benefits, as provided for under this by the Agreement, are paid or received by Executive under the Employment Agreement in effect between Executive and the BankBank (the “Bank Agreement”), the payments such compensation payment and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant to this Agreement will be allocated in proportion to the level of activity and the time expended on such activities by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement herein to the contrary, to the extent that payments and benefits, as provided for under by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between the Executive and the BankBank (the “Bank Agreement”), the such compensation payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will pursuant to this Agreement and the Bank Agreement shall be allocated in proportion to the level of activity and the time expended activities by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by the Executive under the Employment Agreement an employment agreement in effect between the Executive and the BankAssociation, the payments and benefits paid by the Bank Association will be subtracted from any amount or benefit due simultaneously to the Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by the Executive on activities related to the Company and the BankAssociation, respectively, as determined by the Company Corporation and the BankCompany.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by the Executive under the Employment Agreement an employment agreement in effect between the Executive and the Bank, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to the Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by the Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive under the Employment Agreement in effect between Executive and the BankCompany, the payments and benefits paid by the Bank Company will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement herein to the contrary, to the extent that payments and benefits, as provided for under by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between the Executive and the BankBank (the "Bank Agreement"), the such compensation payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will pursuant to this Agreement and the Bank Agreement shall be allocated in proportion to the level of activity and the time expended activities by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive under the Employment Agreement in effect between Executive and the BankCompany, the payments and benefits paid by the Bank Company will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company Bank and the BankCompany, respectively, as determined by the Company Bank and the BankCompany.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement herein to the contrary, to the extent payments and benefits, as provided for under by this Agreement, are paid or received by Executive under the Employment Agreement in effect dated as of July 1, 2005 between Executive and the BankCompany, the such compensation payments and benefits paid by the Bank Company will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant to this Agreement will be allocated in proportion to the level of activity and the time expended on such activities by Executive on activities related to the Company and the Bank, respectivelyExecutive, as determined by the Company and the BankCompany.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by the Executive under the Employment Agreement an employment agreement in effect between the Executive and the BankCorporation, the payments and benefits paid by the Bank Corporation will be subtracted from any amount or benefit due simultaneously to the Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by the Executive on activities related to the Company Corporation and the Savings Bank, respectively, as determined by the Company Corporation and the Savings Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive under the Employment Agreement in effect between Executive and the Bank, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement herein to the contrary, to the extent that payments and benefits, as provided for under by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the BankBank (the “Bank Agreement”), the such compensation payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will pursuant to this Agreement and the Bank Agreement shall be allocated in proportion to the level of activity and the time expended on such activities by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement herein to the contrary, to the extent that payments and benefits, as provided for under by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the BankBank (the "Bank Agreement"), the such compensation payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will pursuant to this Agreement and the Bank Agreement shall be allocated in proportion to the level of activity and the time expended on such activities by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive under the Employment Agreement in effect between Executive and the BankCompany, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive under the Employment Change in Control Agreement in effect between Executive and the Bank, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.

SOURCE OF PAYMENTS. Notwithstanding any provision in this Agreement to the contrary, to the extent payments and benefits, as provided for under this Agreement, are paid or received by Executive under the Employment Agreement in effect between Executive and the Bank, the payments and benefits paid by the Bank will be subtracted from any amount or benefit due simultaneously to Executive under similar provisions of this Agreement. Payments will be allocated in proportion to the level of activity and the time expended by Executive on activities related to the Company and the Bank, respectively, as determined by the Company and the Bank.