Common use of Benefits and Burdens Clause in Contracts

Benefits and Burdens. This Agreement shall be binding upon and inure to the benefit of the Executive and his personal representatives, the Bank, and any successor organization that shall succeed to substantially all of its assets and business without regard to the form of such succession.

Appears in 3 contracts

Sources: Executive Supplemental Retirement Agreement (Georgetown Bancorp, Inc.), Executive Supplemental Retirement Agreement (Georgetown Bancorp, Inc.), Executive Supplemental Retirement Agreement (Georgetown Bancorp, Inc.)

Benefits and Burdens. This Agreement shall be binding upon and inure to the benefit of the Executive and his personal representatives, and the Bank, Bank and any successor organization that which shall succeed to substantially all of its assets and business without regard to the form of such successionbusiness.

Appears in 2 contracts

Sources: Executive Salary Continuation Agreement (First Farmers & Merchants Corp), Executive Salary Continuation Agreement (First Farmers & Merchants Corp)

Benefits and Burdens. This Agreement shall be binding upon and inure to the benefit of the Executive and his personal representatives, representatives and the Bank, and any successor organization that which shall succeed to substantially all of its assets and business without regard to the form of such successionbusiness.

Appears in 2 contracts

Sources: Supplemental Executive Retirement Plan Agreement (Republic Security Financial Corp), Supplemental Executive Retirement Plan Agreement (Republic Security Financial Corp)

Benefits and Burdens. This Agreement shall be binding upon and inure to the benefit of the Executive Executive, his beneficiaries and his personal representatives, and the Bank, and any successor organization organization, including without limitation any person or entity that shall succeed to substantially all of its the Bank’s assets and business without regard to the form of such succession.

Appears in 2 contracts

Sources: Supplemental Compensation Agreement (Campello Bancorp, Inc.), Supplemental Compensation Agreement (Campello Bancorp, Inc.)

Benefits and Burdens. This Agreement shall be binding upon and inure to the benefit of the Executive and his personal representatives, and the Bank, and any successor organization that which shall succeed to substantially all of its assets and business without regard to the form of such successionbusiness.

Appears in 1 contract

Sources: Executive Supplemental Benefit Agreement (Medford Bancorp Inc)