Compliance with Capital Requirements. Notwithstanding anything in this Agreement to the contrary, no payments may be made pursuant to Section 8 hereof without the prior approval of the OTS if following such payment the Association would not be in compliance with its fully phased-in capital requirements as defined in OTS regulations.
Appears in 5 contracts
Samples: Employment Agreement (Midwest Bancshares Inc /De/), Employment Agreement (Mahaska Investment Co), Employment Agreement (Southwest Bancorp of Texas Inc)
Compliance with Capital Requirements. Notwithstanding anything in this Agreement to the contrary, no payments may be made pursuant to Section 8 hereof without the prior approval of the Regional Deputy Director of the OTS if following such payment the Association Bank would not be in compliance with its fully phased-in capital requirements as defined in OTS regulations.
Appears in 1 contract
Samples: Employment Agreement (FFW Corp)
