Permanent Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 655.037 Florida Statutes or Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act [12 U.S.C. ss.1818(e)(4) or (g)(1)], all of the Bank's obligations under this Agreement shall terminate as of the effective date of the order, but the Employee's vested rights, if any shall not be affected.
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Samples: Employment Agreement (Madison Bancshares Inc), Employment Agreement (Madison Bancshares Inc), Employment Agreement (Madison Bancshares Inc)
Permanent Prohibition. If the Employee is removed from office and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 655.037 655.037, Florida Statutes Statutes, or Section 8(e)(4) or (g)(1Section 8(g)(1) of the Federal Deposit Insurance Act [FDIA (12 U.S.C. ss.1818(e)(4) or (g)(1Sections 1818[e](4] and [g][1])], all obligations of the Bank's obligations Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the Employee's vested rights, if any Employee and the Bank as of the date of termination shall not be affected.
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Samples: Employment Agreement (Citizens Community Bancorp Inc), Employment Agreement (Citizens Community Bancorp Inc)
Permanent Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section section 655.037 Florida Statutes or Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act [12 U.S.C. ss.1818(e)(4(S)1818(e)(4) or (g)(1)], all of the Bank's obligations under this Agreement shall terminate as of the effective date of the order, but the Employee's vested rights, if any shall not be affected.
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Permanent Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Section 655.037 Florida Statutes or Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act [12 U.S.C. ss.1818(e)(4§1818(e)(4) or (g)(1)], all of the Bank's ’s obligations under this Agreement shall terminate as of the effective date of the order, but the Employee's ’s vested rights, if any shall not be affected.
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Permanent Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 655.037 Florida Statutes or Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act [12 U.S.C. ss.1818(e)(4U.S.C.ss.1818(e)(4) or (g)(1)], all of the Bank's obligations under this Agreement shall terminate as of the effective date of the order, but the Employee's vested rights, if any shall not be affected.
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Permanent Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 655.037 655.037, Florida Statutes Statutes, or Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act [(12 U.S.C. ss.1818(e)(4) ss.1818[e][4] or (g)(1[g][1])], all of the Bank's obligations under this Agreement shall terminate as of the effective date of the order, but the Employee's vested rights, if any any, shall not be affected.
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