Common use of SOURCE OF PAYMENTS Clause in Contracts

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, 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 16 contracts

Samples: Change in Control Agreement (ECB Bancorp, Inc. /MD/), Change in Control Agreement (ECB Bancorp, Inc. /MD/), Change in Control Agreement (First Federal of Northern Michigan Bancorp, Inc.)

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SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, guarantees payment and provision of all amounts and benefits due hereunder to Executive andExecutive, 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 12 contracts

Samples: Special Termination Agreement (Maf Bancorp Inc), Special Termination Agreement (Maf Bancorp Inc), Special Termination Agreement (Maf Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The CompanyFurther, however, the Company guarantees such 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 12 contracts

Samples: Change in Control Agreement (Tierone Corp), Control Agreement (Newalliance Bancshares Inc), Year Change in Control Agreement (Tierone Corp)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The CompanyFurther, however, the Holding 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 Holding Company.

Appears in 8 contracts

Samples: Change in Control Agreement (Citizens First Bancorp Inc), Control Agreement (Citizens First Bancorp Inc), Change in Control Agreement (Citizens First Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The CompanyFurther, however, 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 Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the CompanyExecutive.

Appears in 6 contracts

Samples: Change in Control Severance Agreement (Dimeco Inc), Change in Control Severance Agreement (Dimeco Inc), Change in Control Severance Agreement (Dimeco Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Bank or the Company, howeveras appropriate, and there shall be no duplication of payments. Further, 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 6 contracts

Samples: Change in Control Agreement (Berkshire Hills Bancorp Inc), Change in Control Agreement (Berkshire Hills Bancorp Inc), Change in Control Agreement (Berkshire Hills Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The CompanyFurther, however, guarantees the Company shall guarantee the payment and provision of all amounts and benefits due hereunder to Executive Officer 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 5 contracts

Samples: Change in Control Agreement (Magyar Bancorp, Inc.), Change in Control Agreement (Metropolitan Bank Holding Corp.), Change in Control Agreement (Metropolitan Bank Holding Corp.)

SOURCE OF PAYMENTS. It is intended by the The parties hereto to this Agreement intend that all payments provided for in this Agreement shall be paid in cash cash, check or check other mutually agreed upon method from the general funds of the Bank. The CompanyFurther, however, 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 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 3 contracts

Samples: Change in Control Agreement (First Federal Bancshares Inc /De), Control Agreement (Bostonfed Bancorp Inc), Control Agreement (First Federal Bancshares Inc /De)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts amount and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Company.

Appears in 3 contracts

Samples: Change in Control Agreement (Quaker City Bancorp Inc), Form of Quaker (Quaker City Bancorp Inc), Control Agreement (Quaker City Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, 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 3 contracts

Samples: Change in Control Agreement (Quaker City Bancorp Inc), Change in Control Agreement (Quaker City Bancorp Inc), Control Agreement (Quaker City Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, 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. It is intended by the parties hereto that all All payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, 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. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Holding Company, however, 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 Holding Company.

Appears in 2 contracts

Samples: Employment Agreement (Waypoint Financial Corp), Special Termination Agreement (MSB Bancorp Inc /De)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all All payments provided in this Agreement shall be paid in cash or check from the general funds of the BankCompany. The Company, however, 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/)

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SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, 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 1 contract

Samples: Agreement (First Financial Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankCompany. The Company, however, Company guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts amount and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Company.

Appears in 1 contract

Samples: Control Agreement (Haven Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, 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 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 1 contract

Samples: First Place Bank Change in Control Severance Agreement (First Place Financial Corp /De/)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The CompanyFurther, however, guarantees payment the Company shall guarantee such other 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

Samples: Change in Control Agreement (Bridge Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, 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

Samples: Release and Severance Agreement (Maf Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The Company, however, 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 benefit shall be paid or provided by the Company.

Appears in 1 contract

Samples: FSB Severance Agreement (Peoples Bancorp Inc /De/)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankBank or the Holding Company, as the case may be. No special or separate fund of the Bank shall be established and no other segregation of assets of the Bank shall be made to assure payment. The Holding Company, however, guarantees payment and provision of all amounts and benefits due hereunder to Executive andExecutive, 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 1 contract

Samples: Change in Control Agreement (Pamrapo Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. The CompanyBank, 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 and provided by the Holding Company.

Appears in 1 contract

Samples: Change in Control Agreement (Greenpoint Financial Corp)

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