Common use of SOURCE OF PAYMENTS Clause in Contracts

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 28 contracts

Samples: Change in Control Agreement (Legacy Bancorp, Inc.), Change in Control Agreement (Legacy Bancorp, Inc.), Two Year Change in Control Agreement (Oceanfirst Financial Corp)

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SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankInstitution. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank Institution are not timely paid or provided by the BankInstitution, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 17 contracts

Samples: Woronoco Savings Bank Change in Control Agreement (Woronoco Bancorp Inc), Control Agreement (Massachusetts Fincorp Inc), Control Agreement (Bay State Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 16 contracts

Samples: Change in Control Agreement (ECB Bancorp, Inc. /MD/), Change in Control Agreement (ECB Bancorp, Inc. /MD/), Change in Control Agreement (United Financial Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 11 contracts

Samples: Change in Control Agreement (First Place Financial Corp /De/), Change in Control Severance Agreement (First Place Financial Corp /De/), Year Change in Control Agreement (Berkshire Hills Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts amount and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 11 contracts

Samples: Two Year Change in Control Agreement (Oceanfirst Financial Corp), Agreement (Oceanfirst Financial Corp), Control Agreement (Northeast Pennsylvania Financial Corp)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. Further, the The Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to the Executive andunder the Special Termination Agreement by and between the Bank and the Executive, if such any amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 10 contracts

Samples: Special Termination Agreement (Maf Bancorp Inc), Special Termination Agreement (Maf Bancorp Inc), Special Termination Agreement (Maf Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all All payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. Further, the The Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to the Executive andunder the Employment Agreement by and between the Bank and the Executive, if such any amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 8 contracts

Samples: Employment Agreement (Maf Bancorp Inc), Employment Agreement (Maf Bancorp Inc), Employment Agreement (Maf Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding Company guarantees such payment payments and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 8 contracts

Samples: Change in Control Agreement (Citizens First Bancorp Inc), Change in Control Agreement (Citizens First Bancorp Inc), Change in Control Agreement (Citizens First Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all All payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to Executive andExecutive, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 7 contracts

Samples: Employment Agreement (Maf Bancorp Inc), Employment Agreement (Maf Bancorp Inc), Employment Agreement (Maf Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to Executive andthe Executive, and if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 7 contracts

Samples: Change in Control and Non Competition Agreement (Harbor Florida Bancshares Inc), Change in Control and Non Competition Agreement (Harbor Florida Bancshares Inc), Control Agreement (Harbor Florida Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts amount and benefits due from the Bank Association are not timely paid or provided by the BankAssociation, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 7 contracts

Samples: Control Agreement (Monterey Bay Bancorp Inc), Control Agreement (Monterey Bay Bancorp Inc), Control Agreement (Monterey Bay Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding CompanyExecutive.

Appears in 6 contracts

Samples: Change in Control Severance Agreement (Dimeco Inc), Change in Control Severance Agreement (Dimeco Inc), Change in Control Severance Agreement (Dimeco Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankInstitution. Further, the Holding Company guarantees such payment payments and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank Institution are not timely paid or provided by the BankInstitution, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 6 contracts

Samples: Year Change in Control Agreement (Berkshire Hills Bancorp Inc), Three Year Change in Control Agreement (Berkshire Hills Bancorp Inc), Three Year Change in Control Agreement (Berkshire Hills Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankBank or the Company, as appropriate, and there shall be no duplication of payments. Further, the Holding Company guarantees such payment payments and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 6 contracts

Samples: Change in Control Agreement (Berkshire Hills Bancorp Inc), Three Year Change in Control Agreement (Berkshire Hills Bancorp Inc), Change in Control Agreement (Berkshire Hills Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts amount and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 5 contracts

Samples: Control Agreement (Hf Bancorp Inc), Control Agreement (Hf Bancorp Inc), Control Agreement (Hf Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding Company guarantees such shall guarantee the payment and provision of all amounts and benefits due hereunder to Executive Officer and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 5 contracts

Samples: Change in Control Agreement (Metropolitan Bank Holding Corp.), Change in Control Agreement (Metropolitan Bank Holding Corp.), Change in Control Agreement (Magyar Bancorp, Inc.)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts amount and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 3 contracts

Samples: Change in Control Agreement (Quaker City Bancorp Inc), Form of Quaker (Quaker City Bancorp Inc), Control Agreement (Quaker City Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the The Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 3 contracts

Samples: First Federal Savings (First Federal Bankshares Inc), First Federal Savings (First Federal Bankshares Inc), First Federal Savings (First Federal Bankshares Inc)

SOURCE OF PAYMENTS. It is intended by the The parties hereto to this Agreement intend that all payments provided for in this Agreement shall be paid in cash cash, check or check other mutually agreed upon method from the general funds of the Bank. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 3 contracts

Samples: Change in Control Agreement (First Federal Bancshares Inc /De), Control Agreement (Bostonfed Bancorp Inc), Control Agreement (First Federal Bancshares Inc /De)

SOURCE OF PAYMENTS. (a) It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 3 contracts

Samples: Change in Control Agreement (Waypoint Financial Corp), Change in Control Agreement (Waypoint Financial Corp), Employment Agreement (Harris Financial Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 3 contracts

Samples: Change in Control Agreement (Quaker City Bancorp Inc), Change in Control Agreement (Quaker City Bancorp Inc), Control Agreement (Quaker City Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding The Company guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 2 contracts

Samples: Employment Agreement (LSB Financial Corp), Change in Control Agreement (Haven Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 2 contracts

Samples: Special Termination Agreement (MSB Bancorp Inc /De), Employment Agreement (Waypoint Financial Corp)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive under the Bank Agreement dated _________, 1995 and, if such amounts amount and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 2 contracts

Samples: Control Agreement (Provident Bankshares Corp), Control Agreement (Provident Bankshares Corp)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts amount and benefits due from the Bank Institution are not timely paid or provided by the BankInstitution, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 2 contracts

Samples: Control Agreement (Efc Bancorp Inc), Control Agreement (Ucbh Holdings Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 2 contracts

Samples: Control Agreement (First Sentinel Bancorp Inc), Control Agreement (First Sentinel Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts amount and benefits due from the Bank Institution are not timely paid or provided by the BankInstitution, such amounts and benefits shall be paid or and provided by the Holding Company. 6.

Appears in 2 contracts

Samples: Control Agreement (First Place Financial Corp /De/), Control Agreement (First Place Financial Corp /De/)

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SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, Bank or the Holding Company Company, as the case may be. No special or separate fund of the Bank shall be established and no other segregation of assets of the Bank shall be made to assure payment. The Holding Company, however, guarantees such payment and provision of all amounts and benefits due hereunder to Executive andExecutive, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: Change in Control Agreement (Pamrapo Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherHolding Company; provided, however, that no benefits provided under this Agreement shall be duplicative of the Holding Company guarantees such payment benefits provided under the Amended and provision Restated Termination and Change of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from Control Agreement between the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding CompanyExecutive of even date herewith.

Appears in 1 contract

Samples: Termination and Change in Control Agreement (PFF Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Savings Bank. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the savings Bank are not timely paid or provided by the Savings Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: Agreement (Harris Financial Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts any amount and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 1 contract

Samples: Control Agreement (Pamrapo Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankHolding Company. FurtherNotwithstanding any provision herein to the contrary, to the Holding Company guarantees extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive under the Bank Agreement, as defined herein, such payment and provision of all amounts compensation payments and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall Bank under the Bank Agreement will be paid or provided by the Holding Companysubtracted from any amount due simultaneously to Executive under similar provisions of this Agreement.

Appears in 1 contract

Samples: Two Year Change in Control Agreement (Oceanfirst Financial Corp)

SOURCE OF PAYMENTS. (a) It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Savings Bank. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Savings Bank are not timely paid or provided by the Savings Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: Control Agreement (Harris Financial Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankCompany. Further, the Holding The Company guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts amount and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 1 contract

Samples: Control Agreement (Haven Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to Executive Employee and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: Agreement (First Financial Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding Company guarantees shall guarantee such payment other payments and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: Change in Control Agreement (Bridge Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the The Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: First Place Bank Change in Control Severance Agreement (First Place Financial Corp /De/)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherHolding Company; provided, however, that no benefits provided under this Agreement shall be duplicative of the Holding Company guarantees such payment benefits provided under the Termination and provision Change of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from Control Agreement between the Bank are not timely paid or provided by and the Bank, such amounts and benefits shall be paid or provided by the Holding CompanyExecutive of even date herewith.

Appears in 1 contract

Samples: Termination and Change in Control Agreement (PFF Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Bank, the Holding Company however, unconditionally guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or and provided by the Holding Company.

Appears in 1 contract

Samples: Change in Control Agreement (Greenpoint Financial Corp)

SOURCE OF PAYMENTS. (a) It is intended by the parties hereto that all payments provided in this Agreement Agree shall be paid in cash or check from the general funds of the Bank. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: Employment Agreement (Harris Financial Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Savings Bank. FurtherThe Holding Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Savings Bank are not timely paid or provided by the Savings Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: Change in Control Agreement (Harris Financial Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all All payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the The Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to the Executive andunder the Employment Agreement by and between the Bank and the Executive, if such any amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: Employment Agreement (Maf Bancorp Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the BankInstitution. Further, the Holding Company guarantees such payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank Institution are not timely paid or provided by the BankInstitution, such amounts and benefits shall be paid or provided by the Holding Company. It is the intention of the parties that the Executive be entitled to the greater benefits and payments when construing this Agreement and the Agreement between the Executive and the Holding Company.

Appears in 1 contract

Samples: Control Agreement (Ucbh Holdings Inc)

SOURCE OF PAYMENTS. It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. FurtherThe Company, the Holding Company however, guarantees such payment and provision of all amounts and benefits due hereunder to Executive Employee and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits benefit shall be paid or provided by the Holding Company.

Appears in 1 contract

Samples: FSB Severance Agreement (Peoples Bancorp Inc /De/)

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