Common use of Right of Offset Clause in Contracts

Right of Offset. The Bank shall have the right to offset the benefits against any unpaid obligation the Executive may have with the Bank.

Appears in 27 contracts

Samples: Supplemental Executive Retirement Agreement (New North Penn Bancorp Inc), Retirement Plan Agreement (Malvern Federal Bancorp Inc), Supplemental Executive Retirement Agreement (North Penn Bancorp, Inc.)

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Right of Offset. The Bank shall have the right to offset the benefits against any unpaid obligation the Executive Director may have with the Bank.

Appears in 7 contracts

Samples: Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc)

Right of Offset. The Bank shall have the right to offset the benefits against any unpaid obligation the Executive Participant may have with the Bank.

Appears in 7 contracts

Samples: Split Dollar Plan Agreement (First Farmers & Merchants Corp), Laurel Savings (Laurel Capital Group Inc), Plan (Wayne Savings Bancshares Inc /De/)

Right of Offset. The Bank shall have the right to offset the benefits against any unpaid obligation the Executive Trustee may have with the Bank.

Appears in 5 contracts

Samples: Laurel Savings (Laurel Capital Group Inc), Laurel Savings (Laurel Capital Group Inc), Laurel Savings (Laurel Capital Group Inc)

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Right of Offset. The Bank shall have the right to of offset the benefits against any unpaid obligation the Executive may have with the Bank.

Appears in 1 contract

Samples: Executive Retirement Plan Agreement (Capital Bancorp Inc)

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