Tax Withholding. The Bank shall provide for the withholding of any taxes required to be withheld by federal, state or local law with respect to any payment in cash, shares of stock and/or other property made by or on behalf of the Bank to or for the benefit of the Executive under this Agreement or otherwise. The Bank may, at its option: # withhold such taxes from any cash payments owing from the Bank to the Executive, # require the Executive to pay to the Bank in cash such amount as may be required to satisfy such withholding obligations and/or # make other satisfactory arrangements with the Executive to satisfy such withholding obligations.

Tax Withholding. The Employer shall provide for the withholding of any taxes required to be withheld by federal, state or local law with respect to any payment in cash, shares of stock and/or other property made by or on behalf of the Employer to or for the benefit of the Executive under this Agreement or otherwise. The Employer may, at its option: # withhold such taxes from any cash payments owing to the Executive hereunder, # require the Executive to pay to the Employer in cash such amount as may be required to satisfy such withholding obligations and/or # make other satisfactory arrangements with the Executive to satisfy such withholding obligations.

The Bank may withhold from any amounts payable to Executive hereunder all federal, state, local or other taxes that the Bank may reasonably determine are required to be withheld pursuant to any applicable law or regulation (it being understood that Executive is responsible for payment of all taxes in respect of the payments and benefits provided herein).

Withholding and Taxes. The Bancorp and the Bank may withhold from any payment made hereunder # any taxes that the Bancorp or the Bank reasonably determines are required to be withheld under federal, state, or local tax laws or regulations, and # any other amounts that the Bancorp or the Bank is authorized to withhold. Except for employment taxes that are the obligation of the Bancorp or the Bank, the Executive shall pay all federal, state, local, and other taxes (including, without limitation, interest, fines, and penalties) imposed on him under applicable law by virtue of or relating to the payments and/or benefits contemplated by this Agreement, subject to any reimbursement provisions of this Agreement.

Withholding. All payments required to be made by the Company or the Bank hereunder to Executive shall be subject to the withholding of such amounts, if any, relating to tax or other payroll deductions as the Company or the Bank may reasonably determine should be withheld pursuant to any applicable law or regulation.