Default of German American. If German American is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement shall terminate as of the date of default, and shall be considered a termination of Employee by German American pursuant to Paragraph 10 of this Agreement.
Appears in 5 contracts
Samples: Transition Employment Agreement (German American Bancorp, Inc.), Transition Employment Agreement (German American Bancorp, Inc.), Transition Employment Agreement (German American Bancorp, Inc.)
Default of German American. If German American is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), and this Agreement is required to be terminated or is repudiated in accordance with applicable law, all obligations under this Agreement shall terminate as of the date of default, and shall be considered a termination default subject to the payment of Employee by German American pursuant to Paragraph 10 of this Agreementany amounts earned but not yet paid.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (German American Bancorp, Inc.)
