Company Declared in Default. If the Bank becomes in default (as defined in Section 3(x)(1) of the FDIA, 12 USC 1813(x)(1) (or any successor thereto)), all obligations under this Agreement shall terminate as of the date of default, but this provision shall not affect any vested rights of the Parties.
Appears in 3 contracts
Samples: Employment Agreement (Meta Financial Group Inc), Employment Agreement (Meta Financial Group Inc), Employment Agreement (Meta Financial Group Inc)
Company Declared in Default. If the Bank becomes in default (as defined in Section 3(x)(1) of the FDIA, 12 USC U.S.C. § 1813(x)(1) (or any successor thereto)), all obligations under this Agreement shall terminate as of the date of default, but this provision shall not affect any vested rights of the Parties.
Appears in 2 contracts
Samples: Employment Agreement (Meta Financial Group Inc), Employment Agreement (Meta Financial Group Inc)
Company Declared in Default. If the Bank Company becomes in default (as defined in Section 3(x)(1) of the FDIA, 12 USC 1813(x)(1) (or any successor thereto)), all obligations under this Agreement shall terminate as of the date of default, but this provision shall not affect any vested rights of the Parties.
Appears in 1 contract
