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Exclude Rows based on overlapping restrictions (SQL)

I was looking at this link , but was still having trouble creating my statement. I have the following query

SELECT SUM(AMT) AS TOTAL, NAME, YEAR 
FROM TABLE WHERE IND='ISVALID' GROUP BY NAME, YEAR

I would get the following results

TOTAL | NAME | YEAR 
====================
10000 | JOHN | 2010  
20500 | PETE | 2009 
12500 | MIKE | 2008 
50500 | MARY | 2008 
50500 | MARY | 2007 
40000 | JANE | 2007 

I would like to exclude 50500 | MARY | 2008, which has an IND column with 'ISVALID' as well. How do I do this?

SELECT SUM(AMT) AS TOTAL, NAME, YEAR 
FROM TABLE 
WHERE IND='ISVALID' AND (NAME <> 'MARY' OR YEAR <> 2008)
GROUP BY NAME, YEAR

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