Non-duplication. In the event that Executive shall perform services for BankUnited, FSB or any other direct or indirect subsidiary of the Company, any compensation or benefits provided to Executive by such other employer shall be applied to offset the obligations of the Company hereunder, it being intended that this Agreement set forth the aggregate compensation and benefits payable to Executive for all services to the Company and all of its direct or indirect subsidiaries, including BankUnited, FSB.
Appears in 5 contracts
Sources: Employment Agreement (Bankunited Financial Corp), Employment Agreement (Bankunited Financial Corp), Employment Agreement (Bankunited Financial Corp)
Non-duplication. In the event that Executive shall perform services for BankUnited, FSB the Bank or any other direct or indirect subsidiary of the CompanyBank, any compensation or benefits provided to Executive by such other employer shall be applied to offset the obligations of the Company Bank hereunder, it being intended that this Agreement set forth the aggregate compensation and benefits payable to Executive for all services to the Company Bank and all of its direct or indirect subsidiaries, including BankUnited, FSBthe Bank.
Appears in 3 contracts
Sources: Employment Agreement (Beverly Financial, Inc.), Employment Agreement (CMS Bancorp, Inc.), Employment Agreement (CMS Bancorp, Inc.)
Non-duplication. In Any compensation or benefits provided to the event that Executive shall perform services for BankUnited, FSB or by any other direct or indirect subsidiary of the Company, any compensation Company or benefits provided to Executive by such other employer the Bank shall be applied to offset the obligations of the Company hereunderand the Bank hereunder in such manner as the Company and the Bank may mutually agree, it being intended that this Agreement set forth the aggregate compensation and benefits payable to the Executive for all services to the Company Company, the Bank and all of its their respective direct or indirect subsidiaries, including BankUnited, FSBsubsidiaries and affiliates.
Appears in 2 contracts
Sources: Employment Agreement (State Bancorp Inc), Employment Agreement (State Bancorp Inc)
Non-duplication. In the event that the Executive shall perform services for BankUnited, FSB the Bank or any other direct or indirect subsidiary of the CompanyBank, any compensation or benefits provided to the Executive by such other employer shall be applied to offset the obligations of the Company Bank hereunder, it being intended that this Agreement set forth the aggregate compensation and benefits payable to the Executive for all services to the Company Bank and all of its direct or indirect subsidiaries, including BankUnited, FSBthe Bank.
Appears in 2 contracts
Sources: Employment Agreement (CMS Bancorp, Inc.), Employment Agreement (CMS Bancorp, Inc.)
Non-duplication. In the event that Executive shall perform services for BankUnited, FSB the Company or any other direct or indirect subsidiary Affiliate of the CompanyBank, any compensation or benefits provided to Executive by such other employer shall be applied to offset the obligations of the Company Bank hereunder, it being intended that this Agreement set forth the aggregate compensation and benefits payable to Executive for all services to the Company Bank and all of its direct or indirect subsidiariesAffiliates, including BankUnited, FSBthe Company.
Appears in 1 contract
Non-duplication. In the event that the Executive shall perform services for BankUnited, FSB the Company or any other direct or indirect subsidiary of the Company, other than the Bank, any compensation or benefits provided to the Executive by such other employer shall be applied to offset the obligations of the Company Bank hereunder, it being intended that this Agreement set forth the aggregate compensation and benefits payable to the Executive for all services to the Company Bank and all of its direct or indirect subsidiaries, including BankUnited, FSB.
Appears in 1 contract
Non-duplication. In the event that Executive shall perform services for BankUnited, FSB BankUnited or any other direct or indirect subsidiary of the CompanyBank, any compensation or benefits provided to Executive by such other employer shall be applied to offset the obligations of the Company Bank hereunder, it being intended that this Agreement set forth the aggregate compensation and benefits payable to Executive for all services to the Company Bank and all of its direct or indirect subsidiaries, including and its parent, BankUnited, FSB.
Appears in 1 contract