Common use of COMPLIANCE REQUIREMENT Clause in Contracts

COMPLIANCE REQUIREMENT. The payment of any amounts due under this Section 8 or Section 9, if applicable, are also conditioned upon Executive’s continued compliance with the obligations to the Corporation, the Bank and all Affiliates undertaken in Sections 14-18. In addition to all other remedies available to the Corporation set forth in Section 19 below, all of the payments or benefits to be provided under Section 8 or Section 9 shall cease immediately, and the Corporation shall have no further obligation to make any future payments or to provide benefits to Executive, in the event the Corporation determines that Executive has engaged in any activity that violates Section 14-18, or any of their subparts.

COMPLIANCE REQUIREMENT. The payment of any amounts due under this Section 8 or Section 911, if applicable, are is also conditioned upon on Executive’s continued compliance with the obligations to the Corporation, the Bank and all Affiliates undertaken in Sections Section 14-18. In addition to all other remedies available to the Corporation set forth in Section 19 below, all of the payments or benefits to be provided under this Section 8 or Section 9 11 shall cease immediately, and the Corporation shall have no further obligation to make any future payments or to provide benefits to Executive, in the event the Corporation determines that Executive has engaged in any activity that violates Section 14-18, or any of their subparts.