Common use of Hardship Clause in Contracts

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, may reduce future deferrals under this Agreement.

Appears in 29 contracts

Samples: Director Deferred Fee Agreement (Coastal Banking Co Inc), Director Deferred Fee Agreement (First Georgia Community Corp), Director Deferred Fee Agreement (Luxemburg Bancshares Inc)

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Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Company may reduce or cease future deferrals under this Agreement.

Appears in 7 contracts

Samples: Director Deferred Fee Agreement (First Community Financial Corp), Director Deferred Fee Agreement (First Community Financial Corp), Deferred Fee Agreement (San Joaquin Bancorp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Bank may reduce future deferrals under this Agreement.

Appears in 5 contracts

Samples: Deferred Fee Agreement (Plumas Bancorp), Deferred Fee Agreement (Plumas Bancorp), Deferred Fee Agreement (Plumas Bancorp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Company may reduce future deferrals under this Agreement.

Appears in 5 contracts

Samples: Director Deferred Fee Agreement (Community Valley Bancorp), Director Deferred Fee Agreement (Central Valley Community Bancorp), Deferred Fee Agreement (Central Valley Community Bancorp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Company may reduce and/or cease future deferrals under this Agreement.

Appears in 2 contracts

Samples: Deferred Fee Agreement (Regency Bancorp), Deferred Fee Agreement (Regency Bancorp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions instruction to the Company, Bank may reduce future cease deferrals under this Agreement.

Appears in 2 contracts

Samples: Directors’ Fee Deferral Agreement (Sandy Spring Bancorp Inc), Director Fee Deferral Agreement (Sandy Spring Bancorp Inc)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, may reduce future deferrals Deferrals under this Agreement.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (Valley National Corp /De/), Director Deferred Fee Agreement (Valley National Corp /De/)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Company may reduce future or cease deferrals under this Agreement.

Appears in 2 contracts

Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.), Deferred Fee Agreement (Citizens First Bancorp Inc)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Company may reduce future deferrals under this Agreement or, may cease deferrals under this Agreement.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp)

Hardship. If an unforeseeable unforesecable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, may reduce future deferrals under this Agreement.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Premier Commercial Bancorp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, may immediately reduce future deferrals under this Agreement.

Appears in 1 contract

Samples: Director Deferred Incentive Agreement (Home Federal Bancorp Inc)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe catastrophe, or similar event outside the control of the Director occurs, the Director, by written instructions to the CompanyBank, may reduce future deferrals under this Agreement.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (California Independent Bancorp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Bank may reduce future deferrals under this Agreement or may cease deferrals under this Agreement.

Appears in 1 contract

Samples: Deferred Fee Agreement (First Shares Bancorp Inc)

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Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the CompanyBank, may reduce future deferrals under this Agreement.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (SI Financial Group, Inc.)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Company may reduce future deferrals under this Agreement, in which event the modified deferral shall be effective immediately.

Appears in 1 contract

Samples: Standard Office Lease (Orange National Bancorp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Company may reduce future deferrals under this Agreementagreement or may cease deferrals under this agreement.

Appears in 1 contract

Samples: Deferred Fee Agreement (Lafayette Bancorporation)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, may reduce future deferrals under this Agreement or may cease deferrals under this Agreement.

Appears in 1 contract

Samples: Deferred Fee Agreement (Lawrence Financial Holdings Inc)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, may reduce future deferrals under this Agreement.. ARTICLE 3

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Acnb Corp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or catastrophic of similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Company may reduce or cease future deferrals deferral amounts under this the Agreement.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (HCSB Financial Corp)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Director occurs, the Director, by written instructions to the Company, Bank may reduce and/or cease future deferrals under this Agreement.

Appears in 1 contract

Samples: Deferred Fee Agreement (American River Holdings)

Hardship. If an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or of similar event outside the control of the Director occurs, the Director, by written instructions to the CompanyBank, may reduce future deferrals under this Agreement.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Capital Corp of the West)

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