Common use of Failure of Bank to Commence Operations Clause in Contracts

Failure of Bank to Commence Operations. In the event the Bank fails to commence operations for any reason on or before December 1, 1998, this Agreement may be terminated by PSB upon thirty (30) days written notice to Employee.

Failure of Bank to Commence Operations. In the event the Bank fails to commence operations for any reason on or before December July 1, 1998, this Agreement may be terminated by PSB upon thirty (30) days written notice to Employee.