Common use of ADDITIONAL COMPENSATION AND BENEFITS Clause in Contracts

ADDITIONAL COMPENSATION AND BENEFITS. Section 5.1 During the term of this Agreement, the Employee will be entitled to participate in and receive the benefits of any stock option, stock ownership, profit-sharing, or other plans, benefits and privileges given to employees and executives of the Bank which are currently in effect at the execution of this Agreement or which may come into existence thereafter, to the extent the Employee is otherwise eligible and qualifies to so participate in and receive such benefits or privileges. The Bank and/or the Corporation shall not make any changes in such plans, benefits or privileges which would adversely affect the Employee's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers (Vice President or above) of the Bank or the Corporation, whichever the case might be, and does not result in a proportionately greater adverse change in the rights of or benefits to the Employee as compared with any other executive officer of the Bank or the Corporation. Furthermore, the Bank shall not make any changes in plans, benefits or privileges in effect at the execution of this Agreement which would adversely affect the Employee's Rights or benefits thereunder, except by the mutual agreement of the parties. Nothing paid to the Employee under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to the Employee pursuant to Section 3.1 herein.

ADDITIONAL COMPENSATION AND BENEFITS. Section 5.1 During the term of this Agreement, the Employee will be entitled to participate in and receive the benefits of any stock option, stock ownership, profit-sharing, or other plans, benefits and privileges given to employees and executives of the Bank which are currently in effect at the execution of this Agreement or which may come into existence thereafter, to the extent the Employee is otherwise eligible and qualifies to so participate in and receive such benefits or privileges. The Bank and/or the Corporation shall not make any changes in such plans, benefits or privileges which would adversely affect the Employee's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers (Vice President or above) of the Bank or the Corporation, whichever the case might be, and does not result in a proportionately greater adverse ad verse change in the rights of or benefits to the Employee as compared with any other executive officer of the Bank or the Corporation. Furthermore, the that Bank shall not make any changes in plans, benefits or privileges in effect at the execution of this Agreement which would adversely affect the EmployeeEmp loyee's Rights or benefits thereunder, except by the mutual agreement of the parties. Nothing paid to the Employee under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to the Employee pursuant to Section 3.1 herein.

ADDITIONAL COMPENSATION AND BENEFITS. Section 5.1 During the term terrn of this the Agreement, the Employee will be entitled to participate in and receive the benefits of any stock option, stock ownership, profit-profit sharing, or other plans, benefits and privileges given to employees and and/or executives of the Bank which are currently in effect at the execution of this Agreement Company or its subsidiaries and affiliates which may come into existence thereafterhereafter, to the extent commensurate with his then duties and responsibilities, as fixed by the CEO, and to the extent Employee is otherwise eligible and qualifies qualified to so participate in and receive such benefits or privileges. The Bank and/or the Corporation Company shall not make any changes in such plans, benefits or privileges which would adversely affect the Employee's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers (Vice President or above) executives of the Bank or the Corporation, whichever the case might be, Company and does not result in a proportionately greater adverse change in the rights of or benefits to the Employee Ennployee as compared with any other executive officer of the Bank or the Corporation. Furthermore, the Bank shall not make any changes in plans, benefits or privileges in effect at the execution of this Agreement which would adversely affect the Employee's Rights or benefits thereunder, except by the mutual agreement of the partiesCompany. Nothing paid to the Employee under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to the Employee pursuant to Section 3.1 herein4 hereof. Nothing herein shall be deemed to imply that Employee is entitled to receive any stock options (notwithstanding the grant thereof to other executive employees of the Company or its subsidiaries or affiliates), it being understood and agreed that the grant thereof is within the sole discretion of the Board of Directors or its Compensation Committee.

ADDITIONAL COMPENSATION AND BENEFITS. Section 5.1 During the term of this Agreement, the Employee will be entitled to participate in and receive the benefits of any stock option, stock ownership, profit-sharing, or other plans, benefits and privileges given to employees and executives of the Bank which are currently in effect at the execution of this Agreement or of which may come into existence thereafter, thereafter to the extent the Employee is otherwise eligible and qualifies to so participate in and receive such benefits or privileges. The Then Bank and/or or the Corporation shall not make any changes in such plans, benefits benefts or privileges which would adversely affect the Employee's Emplyees' rights or benefits thereunder, unless such change occurs pursuant to a program applicable applicabel to all executive alle xecutive officers (Vice President or above) of the Bank or the Corporation, whichever the case might be, and does not result in a proportionately greater adverse change in the rights of or benefits to the Employee as compared with any other executive officer of the Bank or the CorporationBank. Furthermore, the Bank shall and does not make any changes result in plans, benefits or privileges a proportionately greater adverse change in effect at the execution rights of this Agreement which would adversely affect the Employee's Rights or benefits thereunder, except by to the mutual agreement Employee as compared with any other executive officer of the partiesBank. Nothing paid to the Employee under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to the Employee pursuant to Section 3.1 herein.

ADDITIONAL COMPENSATION AND BENEFITS. Section 5.1 During the term of this the Agreement, the Employee will be entitled to participate in and receive the benefits of any stock option, stock ownership, profit-profit sharing, or other plans, benefits and privileges given to employees and and/or executives of the Bank which are currently in effect at the execution of this Agreement Company or its subsidiaries and affiliates which may come into existence thereafterhereafter, to the extent commensurate with his then duties and responsibilities, as fixed by the CEO, and to the extent Employee is otherwise eligible and qualifies qualified to so participate in and receive such benefits or privileges. The Bank and/or the Corporation Company shall not make any changes in such plans, benefits or privileges which would adversely affect the Employee's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers (Vice President or above) executives of the Bank or the Corporation, whichever the case might be, Company and does not result in a proportionately greater adverse change in the rights of or benefits to the Employee as compared with any other executive officer of the Bank or the Corporation. Furthermore, the Bank shall not make any changes in plans, benefits or privileges in effect at the execution of this Agreement which would adversely affect the Employee's Rights or benefits thereunder, except by the mutual agreement of the partiesCompany. Nothing paid to the Employee under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to the Employee pursuant to Section 3.1 herein4 hereof. Nothing herein shall be deemed to imply that Employee is entitled to receive any stock options (notwithstanding the grant thereof to other executive employees of the Company or its subsidiaries or affiliates), it being understood and agreed that the grant thereof is within the sole discretion of the Board of Directors or its Compensation Committee.

ADDITIONAL COMPENSATION AND BENEFITS. Section 5.1 During the term of this Agreement, the Employee will be entitled to participate in and receive the benefits of any stock option, stock ownership, profit-sharing, or other plans, benefits and privileges given to employees and executives of the Bank which are currently in effect at the execution of this Agreement or which may come into existence thereafter, thereafter to the extent the Employee is otherwise eligible and qualifies to so participate in and receive such benefits or privileges. The Bank and/or or the Corporation shall not make any changes in such plans, benefits or privileges which would adversely affect the Employee's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers (Vice President or above) of the Bank or the Corporation, whichever the case might be, and does not result in a proportionately greater adverse change in the rights of or benefits to the Employee as compared with any other executive officer of the Bank or the Corporation. Furthermore, the Bank shall not make any changes in plans, benefits or privileges in effect at the execution of this Agreement which would adversely affect the Employee's Rights or benefits thereunder, except by the mutual agreement of the partiesBank. Nothing paid to the Employee under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to the Employee pursuant to Section 3.1 herein.