Limitation on Benefits. In no event shall the Bank be obligated to make any payment pursuant to this Agreement that is prohibited by Section 18(k) of the Federal Deposit Insurance Act (codified at 12 U.S.C. §1828(k)), 12 C.F.R. Part 359, or any other applicable law.
Appears in 12 contracts
Samples: Change in Control Agreement (Salisbury Bancorp, Inc.), Change in Control Agreement (Salisbury Bancorp Inc), Severance Agreement (Salisbury Bancorp Inc)
Limitation on Benefits. (a) In no event shall the Bank be obligated to make any payment pursuant to this Agreement that is prohibited by Section 18(k) of the Federal Deposit Insurance Act (codified at 12 U.S.C. §1828(k)), 12 C.F.R. Part 359, or any other applicable law.
Appears in 11 contracts
Samples: Severance Agreement (BSB Bancorp, Inc.), Severance Agreement (BSB Bancorp, Inc.), Severance Agreement (BSB Bancorp, Inc.)
