Default of the Bank. If the Bank 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 107 contracts
Samples: Employment Agreement (Timberland Bancorp Inc), Employment Agreement (Timberland Bancorp Inc), Employment Agreement (Timberland Bancorp Inc)
Default of the Bank. If the Bank 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 5 contracts
Samples: Employment Agreement (Niagara Bancorp Inc), Employment Agreement (Ambanc Holding Co Inc), Employment Agreement (Ambanc Holding Co Inc)
Default of the Bank. If the Bank is in default (as defined in Section 3(x)(1) of the FDIA), all obligations of the Company 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 4 contracts
Samples: Employment Agreement (LSB Financial Corp), Employment Agreement (LSB Financial Corp), Employment Agreement (LSB Financial Corp)
Default of the Bank. If the Bank is in default (as defined in Section 3(x)(1) 3(x)(10 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 4 contracts
Samples: Employment Agreement (Bryan College Station Financial Holding Co), Employment Agreement (Bryan College Station Financial Holding Co), Employment Agreement (Bryan College Station Financial Holding Co)
Default of the Bank. If the Bank is in default (as defined in Section 3(x)(13 (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 3 contracts
Samples: Severance Agreement (Community Financial Corp /Va/), Severance Agreement (Community Financial Corp /Va/), Severance Agreement (Community Financial Corp /Va/)
Default of the Bank. If the Bank 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.. EMPLOYMENT AGREEMENT-- SCB and Xxxxx Xxx Xxxxxxx 1/1/2007 4 NEXT PAGE
Appears in 1 contract
Default of the Bank. If the Bank is in default (as defined in Section 3(x)(1) of the FDIA), all obligations of the Company under this Agreement shall terminate as of the date of default, but this provision shall not affect any vested rights of the contracting parties.. 7NEXT PAGE
Appears in 1 contract
Default of the Bank. If the Bank is in default (as defined in Section 3(x)(1) of the FDIA, 12 U.S.C. Section 1813(x)(1)), 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 1 contract
Samples: Executive Employment Agreement (Oceanfirst Financial Corp)
Default of the Bank. If the Bank is in default (as defined in Section 3(x)(13(x)(l) 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 1 contract
Samples: Employment Agreement (ViewPoint Financial Group Inc.)
Default of the Bank. If the Bank is in default (as defined in Section 3(x)(1) of the FDIA), all obligations under this Agreement shall will terminate as of the date of default, but this provision shall not affect any vested rights of the contracting partiesparties will not be affected.
Appears in 1 contract
Samples: Employment Agreement (First Niagara Financial Group Inc)
