Common use of Mutual Commitments Clause in Contracts

Mutual Commitments. The Bank agrees to make payment of all amounts due the Executive in accordance with the terms of the Plan regarding the elections made by the Executive herein. The Executive agrees to be bound by the terms of the Plan, as in effect on the date hereof or properly amended hereafter.

Appears in 6 contracts

Sources: Executive Phantom Stock Bonus Plan (Mahoning National Bancorp Inc), Executive Phantom Stock Bonus Plan (Mahoning National Bancorp Inc), Change in Control Protective Agreement (Mahoning National Bancorp Inc)