SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Institution. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution are not timely paid or provided by the Institution, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 34 contracts
Samples: Savings Bank Employment Agreement (Roslyn Bancorp Inc), Manchester Employment Agreement (Connecticut Bancshares Inc/De), Employment Agreement (Roslyn Bancorp Inc)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionAssociation. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Association are not timely paid or provided by the InstitutionAssociation, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 14 contracts
Samples: Employment Agreement (Security of Pennsylvania Financial Corp), Employment Agreement (South Jersey Financial Corp Inc), Employment Agreement (Central Federal Corp)
SOURCE OF PAYMENTS. (a) a. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionBank. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 8 contracts
Samples: North Penn Bank And (North Penn Bancorp, Inc.), North Penn Bank And (North Penn Bancorp, Inc.), North Penn Bank And (North Penn Bancorp, Inc.)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionBank subject to Section 12(b). The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 6 contracts
Samples: Legacy Banks (Legacy Bancorp, Inc.), Legacy Banks (Legacy Bancorp, Inc.), Legacy Banks (Legacy Bancorp, Inc.)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionBank or subject to Section 12(b). The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts amount and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 5 contracts
Samples: Berkshire Bank Employment Agreement (Berkshire Hills Bancorp Inc), Berkshire Bank Employment Agreement (Berkshire Hills Bancorp Inc), Berkshire Bank Employment Agreement (Berkshire Hills Bancorp Inc)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Institution. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution are not timely paid or provided by the Institution, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 5 contracts
Samples: Employment Agreement (Connecticut Bancshares Inc/De), Richmond County Savings Bank Employment Agreement (Richmond County Financial Corp), Employment Agreement (Connecticut Bancshares Inc/De)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash cash, check or check other mutually agreed upon method from the general funds of the InstitutionBank subject to Section 11(b) of this Agreement. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 2 contracts
Samples: Employment Agreement (First Federal Bancshares Inc /De), Employment Agreement (Bostonfed Bancorp Inc)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionBank. The Holding Company, Company however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 2 contracts
Samples: Bank Employment Agreement (West Essex Bancorp Inc), Employment Agreement (West Essex Bancorp Inc)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionBank. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to the Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 2 contracts
Samples: Year Employment Agreement (First Lincoln Bancshares Inc), Year Employment Agreement (First Lincoln Bancshares Inc)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash cash, check or check other mutually agreed upon method from the general funds of the InstitutionInstitution subject to Section 11(b) of this Agreement. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution are not timely paid or provided by the Institution, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 2 contracts
Samples: First Savings Bank Employment Agreement (First Sentinel Bancorp Inc), First Savings Bank Employment Agreement (First Sentinel Bancorp Inc)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionBank. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 2 contracts
Samples: Trust Employment Agreement (PFF Bancorp Inc), Employment Agreement (PFF Bancorp Inc)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionBank. The Holding Company, Company however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 1 contract
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionBank. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 1 contract
Samples: Year Employment Agreement (Massachusetts Fincorp Inc)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the InstitutionInstitution subject to Section 11(b). The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution are not timely paid or provided by the Institution, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 1 contract
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash cash, check or check other mutually agreed upon method from the general funds of the InstitutionBank subject to Section 11(b). The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank or Forward Financial are not timely paid or provided by the InstitutionBank or Forward Financial, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 1 contract
SOURCE OF PAYMENTS. (a) All payments provided for in this Agreement shall be timely paid in cash cash, check or check other mutually agreed upon method from the general funds of the InstitutionBank subject to Subsection 11(b) of this Agreement. The Holding Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Institution Bank are not timely paid or provided by the InstitutionBank, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 1 contract
Samples: First Federal Bank Employment Agreement (First Federal Bancshares Inc /De)
