Source of Payments Clause Example with 22 Variations from Business Contracts

This page contains Source of Payments clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
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. View More Arrow
Found in Clifton Bancorp Inc. contract

Variations of a "Source of Payments" Clause from Business Contracts

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). 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 Company. (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 Company (the "Bank "Company Agreement"), such compensation payments and benefits paid by the Bank Company will be subtracted from any amount due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant to this Agreement and the Bank Company 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. View More Arrow
Found in 3 Contracts from CLIFTON SAVINGS BANCORP INC
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 the 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. View More Arrow
Found in Kentucky First Federal Bancorp contract