FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 80 contracts
Samples: Continuation Agreement, Continuation Agreement, Salary Continuation Agreement (Carolina Bank Holdings Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.
Appears in 26 contracts
Samples: Director Retirement Agreement, Continuation Agreement (Paragon Commercial CORP), Continuation Agreement (Paragon Commercial CORP)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when if the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.
Appears in 20 contracts
Samples: Supplemental Salary Continuation Agreement (Investar Holding Corp), Supplemental Salary Continuation Agreement (Investar Holding Corp), Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. 1823(css.1823(c). Rights of the parties that have already vested shall not be affected by such action, however].
Appears in 12 contracts
Samples: Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Holdings), Continuation Agreement (American River Bankshares)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 10 contracts
Samples: Southern States (Southern States Bancshares, Inc.), Non Solicitation Agreement (Franklin Financial Network Inc.), Confidentiality, Non Competition Agreement (Franklin Financial Network Inc.)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when if the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall are not be affected by such actionaffected, however.
Appears in 8 contracts
Samples: Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCortland Savings and Banking Company, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Cortland Savings and Banking Company under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.
Appears in 7 contracts
Samples: Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.
Appears in 7 contracts
Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCompany, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 6 contracts
Samples: Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties Executive that have already vested shall not be affected by such actionaffected, however.
Appears in 5 contracts
Samples: Supplemental Executive Retirement Plan (Fidelity D & D Bancorp Inc), Supplemental Executive Retirement Plan (Fidelity D & D Bancorp Inc), Supplemental Executive Retirement Plan (Fidelity D & D Bancorp Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section Section 13(c). 12 U.S.C. 1823(c). Rights However, rights of the parties that have already vested in accordance with Section 2.2(c) shall not be affected by such action, however.
Appears in 4 contracts
Samples: Amended Salary Continuation Agreement (Southern Community Financial Corp), Salary Continuation Agreement (Southern Community Financial Corp), Amended Salary Continuation Agreement (Southern Community Financial Corp)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatewill be terminated, except to the extent determined that continuation of the contract Agreement is necessary for the continued operation of the Bank, when by the Director of the Office of Thrift Supervision or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, howeverBank.
Appears in 4 contracts
Samples: Director Retirement Agreement (American River Bankshares), Director Retirement Agreement (American River Bankshares), Director Retirement Agreement (American River Bankshares)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested vested, however, shall not be affected by such action, however.
Appears in 4 contracts
Samples: Continuation Agreement (Intermountain Community Bancorp), Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Gateway Financial Holdings Inc), Salary Continuation Agreement (Gateway Financial Holdings Inc), Salary Continuation Agreement (Gateway Financial Holdings Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Federal Deposit Insurance Act Act, section 13(c). , 12 U.S.C. § 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 4 contracts
Samples: Executive Salary Continuation Agreement (United Security Bancshares), Executive Salary Continuation Agreement (United Security Bancshares), Executive Salary Continuation Agreement (United Security Bancshares)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such actionaffected, however.
Appears in 4 contracts
Samples: Salary Continuation Agreement (Fidelity Southern Corp), Salary Continuation Agreement (Fidelity Southern Corp), Salary Continuation Agreement (Fidelity Southern Corp)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Federal Deposit Insurance Act section Section 13(c). , 12 U.S.C. § 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Community West Bancshares /), Salary Continuation Agreement (Community West Bancshares /), Salary Continuation Agreement (Community West Bancshares /)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall are not be affected by such actionaffected, however.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. §1823(c). Rights of the parties that have already vested shall not be affected by such action, however].
Appears in 3 contracts
Samples: Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares)
FDIC Open-Bank Assistance. All Unless the Federal Deposit Insurance Corporation determines that continuation of this Agreement is necessary for the Bank's continued operation, all obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, terminate when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested vested, however, shall not be adversely affected by such action, however.
Appears in 3 contracts
Samples: Continuation Agreement (Unizan Financial Corp), Continuation Agreement (Unizan Financial Corp), Dollar Agreement (Unizan Financial Corp)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when if the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall are not be affected by such actionaffected, however.. ARTICLE 6
Appears in 3 contracts
Samples: Continuation Agreement (BNC Bancorp), Continuation Agreement (BNC Bancorp), Continuation Agreement (BNC Bancorp)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c). Act, 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 2 contracts
Samples: Continuation Plan Agreement (Tennessee Commerce Bancorp, Inc.), Salary Continuation Plan Agreement (Tennessee Commerce Bancorp, Inc.)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 2 contracts
Samples: Non Competition Agreement (Center Bancorp Inc), Non Competition Agreement (Center Bancorp Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). (12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however).
Appears in 2 contracts
Samples: Salary Continuation Agreement (Community Capital Bancshares Inc), Salary Continuation Agreement (Community Capital Bancshares Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). , 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 2 contracts
Samples: Salary Continuation Agreement (Grandsouth Bancorporation), Amended Salary Continuation Agreement (Home Bancorp Wisconsin, Inc.)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. §1823(c)]. Rights Page 12 of the parties that have already vested shall not be affected by such action, however.54 Pages
Appears in 1 contract
Samples: Salary Continuation Agreement (American River Bankshares)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCompany’s subsidiary bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 1 contract
Samples: Non Solicitation Agreement (Franklin Financial Network Inc.)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.. Article 6
Appears in 1 contract
Samples: Salary Continuation Agreement (Greenville First Bancshares Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the BankBank Subsidiary, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Subsidiary under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. 1823(css.1823(c). Rights of the parties that have already vested shall not be affected by such action, however].
Appears in 1 contract
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatewill be terminated, except to the extent determined that continuation of the contract Agreement is necessary for the continued operation of the Bank, when by the Director of the Office of Thrift Supervision or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). 12 U.S.C. U.S.C 1823(c). Rights Any rights of the parties that have already vested vested, however, shall not be adversely affected by such action, however.
Appears in 1 contract
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of any of the BankSubsidiaries, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of any of the Bank Subsidiaries under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. 1823(css.1823(c). Rights of the parties that have already vested shall not be affected by such action, however].
Appears in 1 contract
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCompany, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties Executive that have already vested shall not be affected by such actionaffected, however.
Appears in 1 contract
Samples: Retirement Agreement (MUNCY COLUMBIA FINANCIAL Corp)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.
Appears in 1 contract
FDIC Open-Bank Assistance. All Unless the Federal Deposit Insurance Corporation determines that continuation of this Agreement is necessary for the Bank's continued operation, all obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, terminate when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested vested, however, shall not be adversely affected by such action, however.
Appears in 1 contract
Samples: Continuation Agreement (Unb Corp/Oh)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 1 contract
Samples: Continuation Agreement (BNC Bancorp)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 1 contract
Samples: Continuation Agreement (BNC Bancorp)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of any of the BankBank Subsidiaries, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of any of the Bank Subsidiaries under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. 1823(css.1823(c). Rights of the parties that have already vested shall not be affected by such action, however].
Appears in 1 contract
Samples: Salary Continuation Agreement (American River Holdings)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankThe Cortland Savings and Banking Company, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank The Cortland Savings and Banking Company under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.
Appears in 1 contract
Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. §1823(c)]. Rights Page 29 of the parties that have already vested shall not be affected by such action, however.54 Pages
Appears in 1 contract
Samples: Salary Continuation Agreement (American River Bankshares)
FDIC Open-Bank Assistance. All obligations under this Agreement Plan shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement Plan to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (ConnectOne Bancorp, Inc.)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCompany, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.
Appears in 1 contract
Samples: Solicitation Agreement (Franklin Financial Network Inc.)
FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c13(c).12 U.S.C.1823(c). Rights of the parties Executive that have already vested shall not be affected by such actionaffected, however.
Appears in 1 contract
Samples: MUNCY COLUMBIA FINANCIAL Corp