Common use of Mutual Commitments Clause in Contracts

Mutual Commitments. The Bank and the Company agree to make payment of ------------------ all amounts due the Employee in accordance with the terms of the Agreement and the elections made by the Employee herein. The Employee agrees to be bound by the terms of the Agreement, as in effect on the date hereof and as properly amended hereafter. The parties recognize and agree that this Agreement supersedes and nullifies any prior distribution election to the extent it is inconsistent herewith. Employment Agreement Payment Election Form Page 4

Appears in 1 contract

Samples: Employment Agreement (Firstfed Bancorp Inc)

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Mutual Commitments. The Bank and the Company agree agrees to make payment of ------------------ all amounts ------------------ due the Employee in accordance with the terms of the Agreement and the elections made by the Employee herein. The Employee agrees to be bound by the terms of the Agreement, as in effect on the date hereof and as properly amended hereafter. The parties recognize and agree that this Agreement supersedes and nullifies any prior distribution election to the extent it is inconsistent herewith. Employment Agreement Payment Election Form Page 4.

Appears in 1 contract

Samples: Agreement (Firstfed Bancorp Inc)

Mutual Commitments. The Bank and the Company agree to make payment of ------------------ all amounts due the Employee in accordance with the terms of the Agreement and the elections made by the Employee herein. The Employee agrees to be bound by the terms of the Agreement, as in effect on the date hereof and as properly amended hereafter. The parties recognize and agree that this Agreement supersedes and nullifies any prior distribution election to the extent it is inconsistent herewith. Employment Agreement Payment Election Form Page 4.

Appears in 1 contract

Samples: Employment Agreement (Firstfed Bancorp Inc)

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Mutual Commitments. The Bank and the Company agree agrees to make payment of ------------------ all amounts ------------------ due the Employee in accordance with the terms of the Agreement and the elections made by the Employee herein. The Employee agrees to be bound by the terms of the Agreement, as in effect on the date hereof and as properly amended hereafter. The parties recognize and agree that this Agreement supersedes and nullifies any prior distribution election to the extent it is inconsistent herewith. Employment Agreement Payment Election Form Page 4.

Appears in 1 contract

Samples: Agreement (Firstfed Bancorp Inc)

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