Common use of Appropriate Proceedings Clause in Contracts

Appropriate Proceedings. If the charges in the notice are dismissed, the Bank may, in its discretion: (i) pay Executive all or part of the compensation withheld while their contract obligations were suspended; and (ii) reinstate (in whole or in part) any of the obligations which were suspended.

Appears in 2 contracts

Samples: Merger Agreement (Frankfort First Bancorp Inc), Merger Agreement (Kentucky First Federal Bancorp)

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Appropriate Proceedings. If the charges in the notice are dismissed, the Bank may, may in its discretion: (i) pay Executive all or part of the compensation withheld while their contract obligations were suspended; and (ii) reinstate (in whole or in part) any of the obligations which were suspended.

Appears in 2 contracts

Samples: Employment Agreement (Northeast Pennsylvania Financial Corp), Employment Agreement (Bay State Bancorp Inc)

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