SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 13 contracts
Samples: Change in Control Agreement (Fraternity Community Bancorp Inc), Change in Control Agreement (Fraternity Community Bancorp Inc), Employment Agreement (Monterey Bay 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 Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 10 contracts
Samples: Employment Agreement (Monroe Federal Bancorp, Inc.), Employment Agreement (Sunnyside Bancorp, Inc.), Employment Agreement (Sunnyside 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 Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 8 contracts
Samples: Employment Agreement (OC Financial Inc), Employment Agreement (OC Financial Inc), Employment Agreement (Chesterfield 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 Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 8 contracts
Samples: Employment Agreement (Flatbush Federal Bancorp Inc), Employment Agreement (Flatbush Federal Bancorp Inc), Employment Agreement (Flatbush 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 Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 6 contracts
Samples: Employment Agreement (Oconee Federal Financial Corp.), Employment Agreement (Oconee Federal Financial Corp.), Employment Agreement (Oconee Federal 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 Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 6 contracts
Samples: Employment Agreement (Westco Bancorp Inc), Employment Agreement (Westco Bancorp Inc), Employment Agreement (Westco Bancorp Inc)
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 Association. The CompanyFurther, however, unconditionally the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 5 contracts
Samples: Change in Control Agreement (Security of Pennsylvania Financial Corp), Change in Control Agreement (Security of Pennsylvania Financial Corp), Change in Control Agreement (SGV 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 Association. 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 Association payments are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 5 contracts
Samples: Employment Agreement (Klamath First Bancorp Inc), Employment Agreement (Klamath First Bancorp Inc), Employment Agreement (Klamath First 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 Association. 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 Association are not timely paid or provided by the Association, such the amounts and benefits shall be paid or provided by the Company.
Appears in 4 contracts
Samples: Employment Agreement (Best Hometown Bancorp, Inc.), Employment Agreement (Best Hometown Bancorp, Inc.), Employment Agreement (Best Hometown Bancorp, Inc.)
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 Association. The CompanyFurther, however, unconditionally the Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts amount and benefits due from the Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or and provided by the Company.
Appears in 3 contracts
Samples: Change in Control Agreement (Monterey Bay Bancorp Inc), Change in Control Agreement (Monterey Bay Bancorp Inc), Change in Control Agreement (Monterey Bay 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 Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 3 contracts
Samples: Employment Agreement (Eureka Homestead Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.), Employment Agreement (Eureka Homestead 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 AssociationASSOCIATION. 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 Association payments are not timely paid or provided by the AssociationASSOCIATION, such amounts and benefits shall be paid or provided by the CompanyCOMPANY.
Appears in 2 contracts
Samples: Employment Agreement (Heritage Bancorp Inc /Sc/), Severance Agreement (Heritage Bancorp Inc /Sc/)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 2 contracts
Samples: Employment Agreement (St. Joseph Bancorp, Inc.), Employment Agreement (St. Joseph Bancorp, Inc.)
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 Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 2 contracts
Samples: Change in Control Agreement (Quaker City Bancorp Inc), Change in Control Agreement (First Palm Beach Bancorp Inc)
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 Association. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts amount and benefits due from the Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or and provided by the Company.
Appears in 1 contract
Samples: Change in Control Agreement (Quaker City Bancorp Inc)
