Common use of FDIC Regulation Clause in Contracts

FDIC Regulation. Notwithstanding anything herein contained to the contrary, any payments to the Executive by the Company, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act (“FDI Act”), 12 U.S.C. §1828(k), and any regulations promulgated thereunder.

Appears in 5 contracts

Samples: Employment Agreement (Capitalsource Inc), Employment Agreement (Capitalsource Inc), Employment Agreement (Capitalsource Inc)

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FDIC Regulation. Notwithstanding anything herein contained to the contrary, any payments to the Executive by the CompanyEmployer, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act (“FDI Act”), 12 U.S.C. §1828(k), and any regulations promulgated thereunder.

Appears in 1 contract

Samples: Employment Agreement (Capitalsource Inc)

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