Common use of Compliance with the Agreement Clause in Contracts

Compliance with the Agreement. 16. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the "Compliance Committee") to monitor and coordinate the Bank's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in sections 215.2(e)(1) and 215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)) and Section 655.005(1)(f), Florida Statutes. The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

Compliance with the Agreement. 1617. (a) Within 10 days of this Agreement, the board boards of directors of Landmark and the Bank shall appoint a joint committee (the "“Compliance Committee"”) to monitor and coordinate the Bank's ’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of Landmark and the Bank, Bank as defined in sections Sections 215.2(e)(1) and 215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)) and Section 655.005(1)(f), Florida Statutes. The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board boards of directors of Landmark and the BankBank at regularly scheduled monthly meetings.

Compliance with the Agreement. 1614. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the "Compliance Committee") to monitor and coordinate the Bank's compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in sections Sections 215.2(e)(1) and 215.2(m)(1) ), and Section 655.005(1), Florida Statutes of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)) and Section 655.005(1)(f). At a minimum, Florida Statutes. The the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

Compliance with the Agreement. 1615. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the "“Compliance Committee"”) to monitor and coordinate the Bank's ’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, Bank as defined in sections Sections 215.2(e)(1) and 215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)) and Section 655.005(1)(f), Florida Statutes. The Compliance Committee shall meet at least monthly, keep detailed written minutes of each meeting, and report its findings to the board of directors of the Bankdirectors.

Compliance with the Agreement. 1619. (a) Within 10 days of this Agreement, the board boards of directors of Bancorp and the Bank shall appoint a joint committee (the "“Compliance Committee"”) to monitor and coordinate the Bank's ’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers of the Bank or executive officers or principal shareholders of the BankBancorp, as defined in sections Sections 215.2(e)(1) and 215.2(m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)) and Section 655.005(1)(f), Florida Statutes. The Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.