SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 13 contracts
Samples: Fraternity Federal Savings and Loan Association (Fraternity Community Bancorp Inc), Fraternity Federal Savings and Loan Association (Fraternity Community Bancorp Inc), Enfield Federal Savings and Loan Association Change in Control Agreement (New England Bancshares Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purposed of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 9 contracts
Samples: Employment Agreement (Poage Bankshares, Inc.), Employment Agreement (Poage Bankshares, Inc.), Employment Agreement (Sunnyside Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive andExecutive, and if such amounts and benefits due from the Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 8 contracts
Samples: Employment Agreement (Flatbush Federal Bancorp Inc), Employment Agreement (Flatbush Federal Bancorp Inc), Employment Agreement (Flatbush Federal Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 8 contracts
Samples: Employment Agreement (OC Financial Inc), Olathe Employment Agreement (First Federal of Olathe Bancorp Inc), Employment Agreement (OC Financial Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Holding Company.
Appears in 6 contracts
Samples: Employment Agreement (Westco Bancorp Inc), Great American Federal Savings and Loan Association Employment Agreement (Ga Financial Inc/Pa), Employment Agreement (Westco Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purpose of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 6 contracts
Samples: Employment Agreement (Oconee Federal Financial Corp.), Employment Agreement (Oconee Federal Financial Corp.), Employment Agreement (Oconee Federal Financial Corp.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The Company, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Association payments are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 5 contracts
Samples: Employment Agreement (Klamath First Bancorp Inc), Employment Agreement (Klamath First Bancorp Inc), Employment Agreement (Klamath First Bancorp Inc)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such the amounts and benefits due from the Association are not timely paid or provided by the Association, such the amounts and benefits shall be paid or provided by the Company.
Appears in 4 contracts
Samples: Home Federal Savings And (Best Hometown Bancorp, Inc.), Employment Agreement (Best Hometown Bancorp, Inc.), Home Federal Savings And (Best Hometown Bancorp, Inc.)
SOURCE OF PAYMENTS. (a) All payments provided in this Agreement shall be timely paid in cash case or check from the general funds of the Association. The 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 4 contracts
Samples: Executive Employment Agreement (First Federal Financial Services Inc), Executive Employment Agreement (First Federal Financial Services Inc), Executive Employment Agreement (First Federal Financial Services 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 Association. The 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 Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the Company.
Appears in 4 contracts
Samples: Executive Employment Agreement (First Federal Financial Services Inc), Employment Agreement (Dsa Financial Corp), Atlantic Liberty Financial Corp
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The Company, however, unconditionally guarantees Company may accede to this Agreement but only for the purpose of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 3 contracts
Samples: Employment Agreement (Eureka Homestead Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. The Company, provided, however, unconditionally that the Company hereby guarantees payment and provision of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Association are not timely paid or provided by the Association, such amounts and benefits shall be paid or provided by the CompanyExecutive.
Appears in 2 contracts
Samples: Employment Agreement (St. Joseph Bancorp, Inc.), Employment Agreement (St. Joseph Bancorp, Inc.)
SOURCE OF PAYMENTS. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the AssociationASSOCIATION. The CompanyCOMPANY, however, unconditionally guarantees payment all payments and the provision of all amounts and benefits due hereunder to Executive EXECUTIVE and, if such amounts and benefits due from the Association payments are not timely paid or provided by the AssociationASSOCIATION, such amounts and benefits shall be paid or provided by the CompanyCOMPANY.
Appears in 2 contracts
Samples: Employment Agreement (Heritage Bancorp Inc /Sc/), Form of Severance Agreement (Heritage Bancorp Inc /Sc/)
