Common use of Waiver of Prior Rights Clause in Contracts

Waiver of Prior Rights. Mx. Xxxxxx hereby permanently and irrevocably waives any right that he now has or may have had to collect termination benefits under the Amended and Restated Employment Agreement between the Company and Mx. Xxxxxx made and entered into as of June 26, 1996, as amended, or the Amended and Restated Employment Agreement between the Bank and Mx. Xxxxxx made and entered into as of June 26, 1996, as amended, by virtue of any act, omission, fact, event or circumstance whatsoever, whether or not known to Mx. Xxxxxx, that occurred or was in existence on December 31, 2002, including but not limited to the cessation of benefit accruals under the qualified and non-qualified defined benefit plans of the Company and the Bank and the renegotiation of the outstanding securities acquisition loan under the Company's Employee Stock Ownership Plan. The Bank shall be a third party beneficiary of this Agreement with full powers to enforce the waiver contained herein for its benefit.

Waiver of Prior Rights. Mx. Xxxxxx Xxxxx hereby permanently and irrevocably waives any right that he now has or may have had to collect termination benefits under the Amended and Restated Employment Agreement between the Company and Mx. Xxxxxx Xxxxx made and entered into as of June 26, 1996, as amended, or the Amended and Restated Employment Agreement between the Bank and Mx. Xxxxxx Xxxxx made and entered into as of June 26, 1996, as amended, by virtue of any act, omission, fact, event or circumstance whatsoever, whether or not known to Mx. XxxxxxXxxxx, that occurred or was in existence on December 31, 2002, including but not limited to the cessation of benefit accruals under the qualified and non-qualified defined benefit plans of the Company and the Bank and the renegotiation of the outstanding securities acquisition loan under the Company's Employee Stock Ownership Plan. The Bank shall be a third party beneficiary of this Agreement with full powers to enforce the waiver contained herein for its benefit.

Waiver of Prior Rights. Mx. Xxxxxx Xxxxxxxxx hereby permanently and irrevocably waives any right that he now has or may have had to collect termination benefits under the Amended and Restated Employment Agreement between the Company and Mx. Xxxxxx Xxxxxxxxx made and entered into as of June 26, 1996, as amended, or the Amended and Restated Employment Agreement between the Bank and Mx. Xxxxxx Xxxxxxxxx made and entered into as of June 26, 1996, as amended, by virtue of any act, omission, fact, event or circumstance whatsoever, whether or not known to Mx. XxxxxxXxxxxxxxx, that occurred or was in existence on December 31, 2002, including but not limited to the cessation of benefit accruals under the qualified and non-qualified defined benefit plans of the Company and the Bank and the renegotiation of the outstanding securities acquisition loan under the Company's Employee Stock Ownership Plan. The Bank shall be a third party beneficiary of this Agreement with full powers to enforce the waiver contained herein for its benefit.

Waiver of Prior Rights. Mx. Xxxxxx hereby permanently and irrevocably waives any right that he now has or may have had to collect termination benefits under the Amended and Restated Employment Agreement between the Company and Mx. Xxxxxx made and entered into as of June 26, 1996, as amended, or the Amended and Restated Employment Agreement between the Bank and Mx. Xxxxxx made and entered into as of June 26, 1996, as amended, by virtue of any act, omission, fact, event or circumstance whatsoever, whether or not known to Mx. Xxxxxx, that occurred or was in existence on December January 31, 20022011, including but not limited to the cessation of benefit accruals under the qualified and non-qualified defined benefit plans of the Company and the Bank and the renegotiation of the outstanding securities acquisition loan under the Company's Employee Stock Ownership Plan. The Bank shall be a third party beneficiary of this Agreement with full powers to enforce the waiver contained herein for its benefit.

Waiver of Prior Rights. Mx. Xxxxxx Xxxxxxxxx hereby permanently and irrevocably waives any right that he now has or may have had to collect termination benefits under the Amended and Restated Employment Agreement between the Company and Mx. Xxxxxx Xxxxxxxxx made and entered into as of June 26, 1996, as amended, or the Amended and Restated Employment Agreement between the Bank and Mx. Xxxxxx Xxxxxxxxx made and entered into as of June 26, 1996, as amended, by virtue of any act, omission, fact, event or circumstance whatsoever, whether or not known to Mx. XxxxxxXxxxxxxxx, that occurred or was in existence on December January 31, 20022011, including but not limited to the cessation of benefit accruals under the qualified and non-qualified defined benefit plans of the Company and the Bank and the renegotiation of the outstanding securities acquisition loan under the Company's Employee Stock Ownership Plan. The Bank shall be a third party beneficiary of this Agreement with full powers to enforce the waiver contained herein for its benefit.

Waiver of Prior Rights. Mx. Xxxxxx Xxxxx hereby permanently and irrevocably waives any right that he now has or may have had to collect termination benefits under the Amended and Restated Employment Agreement between the Company and Mx. Xxxxxx Xxxxx made and entered into as of June 26, 1996, as amended, or the Amended and Restated Employment Agreement between the Bank and Mx. Xxxxxx Xxxxx made and entered into as of June 26, 1996, as amended, by virtue of any act, omission, fact, event or circumstance whatsoever, whether or not known to Mx. XxxxxxXxxxx, that occurred or was in existence on December January 31, 20022011, including but not limited to the cessation of benefit accruals under the qualified and non-qualified defined benefit plans of the Company and the Bank and the renegotiation of the outstanding securities acquisition loan under the Company's Employee Stock Ownership Plan. The Bank shall be a third party beneficiary of this Agreement with full powers to enforce the waiver contained herein for its benefit.