Common use of Compliance with Regulatory Restrictions Clause in Contracts

Compliance with Regulatory Restrictions. Notwithstanding anything to the contrary herein, and in addition to any restrictions stated above, any compensation or other benefits paid to Mx. Xxxxxxxx shall be limited to the extent required by any federal or state regulatory agency having authority over the Company or the Bank. Mx. Xxxxxxxx agrees that compliance by the Company or the Bank with such regulatory restrictions, even to the extent that compensation or other benefits paid to him are limited, shall not be a breach of this Agreement by the Company or the Bank.

Compliance with Regulatory Restrictions. Notwithstanding anything to the contrary herein, and in addition to any restrictions stated above, any compensation or other benefits paid to Mx. Xxxxxxxx Xxxxx shall be limited to the extent required by any federal or state regulatory agency having authority over the Company or the Bank. Mx. Xxxxxxxx Xxxxx agrees that compliance by the Company or the Bank with such regulatory restrictions, even to the extent that compensation or other benefits paid to him are limited, shall not be a breach of this Agreement by the Company or the Bank.