Action by Supervisory Authority. If the Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by the Company to Executive.
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Samples: Employment Agreement (Center Financial Corp), Employment Agreement (1st Centennial Bancorp), Waiver and Release Agreement (Center Financial Corp)
Action by Supervisory Authority. If the Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by the Company Bank to Executive.
Appears in 2 contracts
Samples: Employment Agreement (1st Centennial Bancorp), Employment Agreement (Southwest Community Bancorp)
Action by Supervisory Authority. If the Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by the Company Holding Co. or Bank to Executive.
Appears in 2 contracts
Samples: Employment Agreement (Business Bancorp /Ca/), Employment Agreement (Business Bancorp /Ca/)
Action by Supervisory Authority. If the Bank Bancorp and/or any of its subsidiaries is closed by or taken over by the California Department of Financial Institutions or other supervisory authorityInstitutions, including the Federal Deposit Insurance Corporation, or other regulatory or legal authority with jurisdiction over either entity, such bank supervisory regulatory or legal authority may immediately terminate this Agreement without further liability or obligation by the Company to Executive.
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Action by Supervisory Authority. If the Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by the Company Bank to ExecutiveXxXxxxxxx.
Appears in 1 contract
Samples: Extension of Employment Agreement (Southwest Community Bancorp)
Action by Supervisory Authority. If the Bank is closed by or taken ------------------------------- over by the California State Banking Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by the Company Bank to Executive.
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Action by Supervisory Authority. If the Bank is closed by or ------------------------------- taken over by the California State Banking Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by the Company Bank to Executive.
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Action by Supervisory Authority. If the Bank is closed by or ------------------------------- taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by the Company Bank to Executive.
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Action by Supervisory Authority. If the Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authority, including the Federal Deposit Insurance Corporation, such bank supervisory authority may immediately terminate this Agreement without further liability or obligation by the Company to ExecutiveAgreement.
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Action by Supervisory Authority. If the Bank is ordered to remove Min or Bank is closed by or taken over by the California Department of Financial Institutions or other supervisory authorityInstitution, including the Federal Reserve, the Federal Deposit Insurance Corporation, or other supervisory authority, such bank supervisory authority may immediately terminate this Agreement without further liability liability, compensation or obligation by the Company to ExecutiveMin.
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