Default of the Association. If the Association is in default (as defined in Section 3(x)(1) of the FDIA), all obligations under this Agreement shall terminate as of the date of default, but this provision shall not affect any vested rights of the contracting parties.
Appears in 31 contracts
Samples: Change in Control Severance Agreement (First Securityfed Financial Inc), Change in Control Severance Agreement (First Securityfed Financial Inc), Employment Agreement (First Securityfed Financial Inc)