Source of Payments. (a) All payments provided for in this Agreement shall be timely paid in cash or check from the general funds of the Company, subject to Section 12(b). (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), such compensation payments and benefits paid by the Bank will be subtracted from any
...amount due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant to this Agreement and the Bank Agreement shall be allocated in proportion to the level of activity and the time expended on such activities by Executive as determined by the Company and the Bank.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Company, subject Association. Bancshares, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to
Section 12(b). (b) Notwithstanding any provision herein to Executive and, if such amounts and benefits due from the
contrary, to the extent that payments and benefits, as Association are not timely paid or provided by
this Agreement, are p...aid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), Association, such compensation payments amounts and benefits shall be paid or provided by Bancshares. 3 6. Effect on Prior Agreements and Existing Benefit Plans. This Agreement contains the Bank will be subtracted from entire understanding between the parties hereto and supersedes any amount due simultaneously prior agreement between the Association and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive under similar provisions of a kind elsewhere provided. No provision of this Agreement. Payments pursuant to this Agreement and the Bank Agreement shall be allocated interpreted to mean that Executive is subject to receiving fewer benefits than those available to her without reference to this Agreement. Nothing in proportion this Agreement shall confer upon Executive the right to continue in the level employ of activity and the time expended Association or shall impose on such activities by the Association any obligation to employ or retain Executive as determined by the Company and the Bank. in its employ for any period.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Company, subject to Section 12(b). (b) Notwithstanding Bank. 3 6. Effect on Prior Agreements and Existing Benefit Plans. This Agreement contains the entire understanding between the parties hereto and supersedes any
provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to prior agreement or
received by Executive under th...e Employment Agreement in effect understanding between Executive and the Bank (the "Bank Agreement"), such and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation payments and benefits paid by the Bank will be subtracted from any amount due simultaneously inuring to Executive under similar provisions of a kind elsewhere provided. No provision of this Agreement. Payments pursuant to this Agreement and the Bank Agreement shall be allocated interpreted to mean that Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement. Nothing in proportion this Agreement shall confer upon Executive the right to continue in the level employ of activity and the time expended Bank or shall impose on such activities by the Bank any obligation to employ or retain Executive as determined by the Company and the Bank. in its employ for any period.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Company, subject Bank. The Company may accede to
Section 12(b). (b) Notwithstanding this Agreement but only for the purposed of guaranteeing payment and provision of all amounts and benefits due hereunder to Executive. 12 13. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any
provisi...on herein to prior employment agreement between the contrary, Bank or any predecessor of the Bank and Executive, other than the Employment Offer Letter entered into by and between the Bank and Executive as of January 19, 2021, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), such compensation payments and benefits paid by the Bank will be subtracted from any amount due simultaneously to Executive under similar provisions not inconsistent herewith. No provision of this Agreement. Payments pursuant to this Agreement and the Bank Agreement shall be allocated in proportion interpreted to the level of activity and the time expended on such activities by mean that Executive as determined by the Company and the Bank. is subject to receiving fewer benefits than those available to him without reference to this Agreement.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Company, subject to Section 12(b). (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), such compensation payments and benefits paid by the Bank will be subtracted from any ...amount due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant Bank. The 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. 11 13. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Bank or any predecessor of the Bank and Executive, including the Prior Agreement, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided in an agreement that does not constitute an employment agreement. No provision of this Agreement shall be allocated in proportion interpreted to the level of activity and the time expended on such activities by mean that Executive as determined by the Company and the Bank. is subject to receiving fewer benefits than those available to him without reference to this Agreement.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Company, subject to Section 12(b). (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), such compensation payments and benefits paid by the Bank will be subtracted from any ...amount due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant Bank. The 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. 11 13. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Bank or any predecessor of the Bank and Executive, including the Prior Agreement, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided in an agreement that does not constitute an employment agreement. No provision of this Agreement shall be allocated in proportion interpreted to the level of activity and the time expended on such activities by mean that Executive as determined by the Company and the Bank. is subject to receiving fewer benefits than those available to her without reference to this Agreement.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Company, subject to Section 12(b). (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), such compensation payments and benefits paid by the Bank will be subtracted from any ...amount due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant Bank. The 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. 13 13.EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Bank or any predecessor of the Bank and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided. No provision of this Agreement shall be allocated in proportion interpreted to the level of activity and the time expended on such activities by mean that Executive as determined by the Company and the Bank. is subject to receiving fewer benefits than those available to him without reference to this Agreement.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Company, subject to Section 12(b). (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), such compensation payments and benefits paid by the Bank will be subtracted from any ...amount due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant Bank. The 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. 12 13. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Bank or any predecessor of the Bank and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided. No provision of this Agreement shall be allocated in proportion interpreted to the level of activity and the time expended on such activities by mean that Executive as determined by the Company and the Bank. is subject to receiving fewer benefits than those available to him without reference to this Agreement.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Company, subject to Section 12(b). (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as provided by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), such compensation payments and benefits paid by the Bank will be subtracted from any ...amount due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant Bank. The 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. 11 13. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Bank or any predecessor of the Bank and Executive, including that Employment Agreement shall be allocated in proportion to among the level of activity and the time expended on such activities by Executive as determined by Bank, the Company and the Bank. Executive dated January 8, 2019, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement.
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Source of Payments.
(a) All It is intended by the parties hereto that all payments provided
for in this Agreement shall be
timely paid in cash or check from the general funds of the
Bank or the Company,
subject to Section 12(b). (b) Notwithstanding any provision herein to as appropriate, and there shall be no duplication of payments. Further, the
contrary, to the extent that Company guarantees such payments and
benefits, as provision of all amounts and benefits due hereunder to Executive and, if such amounts and be...nefits due from the Bank are not timely paid or provided by this Agreement, are paid to or received by Executive under the Employment Agreement in effect between Executive and the Bank (the "Bank Agreement"), Bank, such compensation payments amounts and benefits shall be paid or provided by the Bank will be subtracted from Company. 7 7. EFFECT ON EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any amount due simultaneously prior agreement between the Employer and Executive. This Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive under similar provisions of a kind elsewhere provided. No provision of this Agreement. Payments pursuant to this Agreement and the Bank Agreement shall be allocated interpreted to mean that the Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement. Nothing in proportion this Agreement shall confer upon Executive the right to continue in the level employ of activity and the time expended Employer or shall impose on such activities by the Employer any obligation to employ or retain Executive as determined by the Company and the Bank. in its employ for any period.
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Source of Payments.
(a) All payments provided
for in this Agreement shall be timely paid in cash or check from the general funds of the
Bank. The Company,
subject however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to
Section 12(b). (b) Notwithstanding any provision herein to Executive and, if such amounts and benefits due from the
contrary, to the extent that payments and benefits, as Bank are not timely paid or provided by
this Agreement, are the Bank, such amounts ...and benefits shall be paid to or received provided by Executive under the Employment Company. 4 6. Effect on Prior Agreements and Existing Benefit Plans. This Agreement in effect contains the entire understanding between Executive the parties hereto and supersedes any prior agreement between the Bank (the "Bank Agreement"), such and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation payments and benefits paid by the Bank will be subtracted from any amount due simultaneously inuring to Executive under similar provisions of a kind elsewhere provided. No provision of this Agreement. Payments pursuant to this Agreement and the Bank Agreement shall be allocated interpreted to mean that Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement. Nothing in proportion this Agreement shall confer upon Executive the right to continue in the level employ of activity and the time expended Bank or shall impose on such activities by the Bank any obligation to employ or retain Executive as determined by the Company and the Bank. in its employ for any period.
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