Common use of Other Compensation and Terms of Employment Clause in Contracts

Other Compensation and Terms of Employment. This Agreement is not an employment agreement and shall not be construed as such or as providing the Executive any right to be retained in the employ of the Holding Company or the Bank or any affiliate thereof. Accordingly, except with respect to the Change of Control severance benefits, this Agreement shall have no effect on the determination of any compensation payable by the Bank to Executive, or upon any of the terms of Executive’s employment with the Bank. Nothing in this Agreement shall be deemed to prohibit the Bank at any time from terminating the Executive’s employment during the term of this Agreement with or without notice for any reason. The specific arrangements referred to herein are not intended to exclude any other benefits which may be available to Executive upon a termination of employment with the Bank pursuant to employee benefit plans of the Bank or otherwise.

Other Compensation and Terms of Employment. This Agreement is not an employment agreement and shall not be construed as such or as providing the Executive any right to be retained in the employ of the Holding Company or the Bank or any affiliate thereof. Accordingly, except with respect to the Change of Control severance benefits, this Agreement shall have no effect on the determination of any compensation payable by the Bank to Executive, or upon any of the terms of Executive’s 's employment with the Bank. Nothing in this Agreement shall be deemed to prohibit the Bank at any time from terminating the Executive’s 's employment during the term of this Agreement with or without notice for any reason. The specific arrangements referred to herein are not intended to exclude any other benefits which may be available to Executive upon a termination of employment with the Bank pursuant to employee benefit plans of the Bank or otherwise.