Conditions to Severance Benefits. The Bank shall have the right to seek repayment of the severance payments and benefits or to terminate payments or benefits provided by this paragraph 5 in the event that the Executive fails to honor, in accordance with their terms, the provisions of paragraphs 6 or 9 hereof.
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Samples: Employment Agreement (Pacific Mercantile Bancorp), Employment Agreement (Pacific Mercantile Bancorp), Employment Agreement (Pacific Mercantile Bancorp)
Conditions to Severance Benefits. The Bank shall have the right to seek repayment of the ofthe severance payments and benefits or to terminate payments or benefits provided by this paragraph 5 (i) in the event that the Executive fails to honor, in accordance with their terms, the provisions of paragraphs ofparagraphs 6 or 9 hereofhereofor (ii) to the extent such payments or benefits would violate Section 18(k) ofthe FDIA (12 U.S.C. §1828(k)). 6.
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Conditions to Severance Benefits. The Bank shall have the right to seek repayment of the severance payments and benefits or to terminate payments or benefits provided by this paragraph 5 (i) in the event that the Executive fails to honor, in accordance with their terms, the provisions of paragraphs 6 or 9 hereofhereof or (ii) to the extent such payments or benefits would violate Section 18(k) of the FDIA (12 U.S.C. §1828(k)). 6.
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Conditions to Severance Benefits. The Bank shall have the right to seek repayment of the severance payments and benefits or to terminate payments or benefits provided by this paragraph Section 5 in the event that the Executive fails to honor, in accordance with their terms, the provisions of paragraphs Sections 6 or 9 hereof.
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