This Photoshop Script saves two copies of the image - one with the Watermark and one without the watermark. To ensure that it works properly, the Watermark Layer must be on top of the Image Layer. Very useful for Photographers.

Photoshop Script to Save With and Without Watermark.jsx

#target photoshop;

if (app.documents.length > 0) {
var thedoc = app.activeDocument;
var docName = thedoc.name;
if (docName.indexOf(".") != -1) {
var basename = docName.match(/(.*)\.[^\.]+$/)[1];
} else {
var basename = docName;
}
  
//getting the location, if unsaved save to desktop
  
try {
var docPath = thedoc.path;
} catch (e) {
var docPath = "~/Desktop";
}
  
// JPEG Save As Options
  
var jpegOptions = new JPEGSaveOptions();
jpegOptions.quality = 12;
jpegOptions.embedColorProfile = true;
jpegOptions.matte = MatteType.NONE;

//Save with Watermark

app.activeDocument.layers[0].visible = true;
app.activeDocument.layers[1].visible = true;
var filename = docPath + '/' + basename + "-with-watermark.jpg"
thedoc.saveAs((new File(filename)), jpegOptions, true);
  
//Save without Watermark
  
app.activeDocument.layers[0].visible = false;
app.activeDocument.layers[1].visible = true;
var filename = docPath + '/' + basename + "-without-watermark.jpg"
thedoc.saveAs((new File(filename)), jpegOptions, true);