Common use of Vacation and Benefits Clause in Contracts

Vacation and Benefits. Executive is eligible for five weeks of paid vacation per year. Generally, all paid vacation must be taken in the year accrued. Additional benefits include health, life, disability and 401(k) retirement benefits as provided under the Bank's current plans (however, it is expected the Bank will continue the Bank's 401(k) plan through 2005), subject to annual revision. Medical and dental plans currently provide that the Bank pays 100% of the premiums for Executive and 50% of the premiums for Executive's dependents. The Bank will continue to pay current dues for athletic and country club memberships as are currently held by Executive, and the Bank will provide a monthly parking stipend covering 100% of Executive's parking. Consistent with Company policies, Company will reimburse Executive for business mileage and business cell phone.

Vacation and Benefits. Executive is eligible for five weeks of paid vacation per year. Generally, all paid vacation must be taken in the year accrued. Additional benefits include health, life, disability and 401(k) retirement benefits as provided under the Bank's current plans (however, it is expected the Bank will continue the Bank's 401(k) plan through 2005), subject to annual revision. Medical and dental plans currently provide that the Bank pays 100% of the premiums for Executive and 50% of the premiums for Executive's dependents. The Bank will continue to pay current dues for the athletic and country club memberships as are membership currently held by Executive, and the Bank will provide a monthly parking stipend covering 100% of Executive's parking. Consistent with Company policies, Company will reimburse Executive for business mileage and business cell phone.

Vacation and Benefits. Executive is eligible for five weeks of paid vacation per year. Generally, all paid vacation must be taken in the year accrued. Additional benefits include health, life, disability and 401(k) retirement benefits as provided under the Bank's current plans (plans, however, it is expected the Bank will continue the Bank's 401(k) plan through 2005), subject to annual revision. Medical and dental plans currently provide that the Bank pays 100% of the premiums for Executive and 50% of the premiums for Executive's dependents. The Bank will continue to pay current dues for athletic and country club memberships as are currently held by Executive, and the Bank will provide a monthly parking stipend covering 100% of Executive's parking. Consistent with Company policies, Company will reimburse Executive for business mileage and business cell phone.