By Huntington Sample Clauses

By Huntington. Huntington represents and warrants that: -------------- 1. It is a national banking association, existing and in good standing under the banking laws of the United States; 2. It has the power and authority under applicable laws to enter into and perform this Agreement; 3. All requisite proceedings have been taken to authorize it to enter into and perform this Agreement; 4. No legal or administrative proceedings have been instituted or threatened which would impair Huntington's ability to perform its duties and obligations under this Agreement; and 5. Its entrance into this Agreement will not cause a material breach or be in material conflict with any other agreement or obligation of Huntington or any law or regulation applicable to it.
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By Huntington. At any time during the Period, upon written notice delivered to MR. SEIFFERT, HUNTINGTON may remxxx XX. XXXXFERT from employment and XXXXXXXXXX's payroll and benefit plans, as well as cease any payments, services, and other considerations set forth in Exhibit A that have not yet been paid or provided to MR. SEIFFERT, if: (1) MR. SEIFFEXX xxxxxx xxrforming axx xxxxxxxxxed employment or consulting services, whether as an employee, consultant, or independent contractor, for any person or entity oilier than HUNTINGTON without first having notified HUNTINGTON and terminated the Period pursuant to 2.A. above; (2) HUNTINGTON has clear and convincing evidence that before or after March 31, 2002, MR. SEIFFERT engaged in any acts xx xxxxx, xishonesty or intentional wrongdoing materially adverse to HUNTINGTON; misappropriated or embezzled any monies from HUNTINGTON; engaged in criminal conduct involving HUNTINGTON; or filed any lawsuit or other legal, equitable or administrative action against HUNTINGTON, except (i) any claim solely for benefits that arises under the Employee Retirement Income Security Act ("ERISA"); or (ii) an arbitration claim to enforce his rights set forth in this Agreement; or (3) MR. SEIFFERT breaches any obligaxxxx xxxxx xaragraphs 1, 2, 4, 5, 6, 7, 8, 9, 10, 11 or 13 of this Agreement. HUNTINGTON agrees that before terminating and removing MR. SEIFFERT from its payroll or xxxxxxxxxx its other rights under this paragraph 2 due to a breach by MR. SEIFFERT of paragraph 2.B., XXXXXXXXXX xill first provide MR. SEIFFERT with five business xxxx xxxxxx and an opportunity to explain and resolve the breach to HUNTINGTON's satisfaction.
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