Regulatory Action. (a) If Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank under this Agreement shall terminate, as of the effective date of such order.
Appears in 17 contracts
Samples: Employment Agreement (Prime Meridian Holding Co), Employment Agreement (Prime Meridian Holding Co), Employment Agreement (Prime Meridian Holding Co)
Regulatory Action. (a) If Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank Employer under this Agreement shall terminate, as of the effective date of such order.
Appears in 6 contracts
Samples: Employment Agreement (FB Financial Corp), Employment Agreement (FB Financial Corp), Employment Agreement (FB Financial Corp)
Regulatory Action. (a) If Executive is removed and/or permanently prohibited from participating in the conduct of the BankCompany’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank Company under this Agreement shall terminate, as of the effective date of such order.
Appears in 5 contracts
Samples: Employment Agreement (Southern National Bancorp of Virginia Inc), Employment Agreement (Southern National Bancorp of Virginia Inc), Employment Agreement (Southern National Bancorp of Virginia Inc)
Regulatory Action. (a) If Executive is removed and/or or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank under this Agreement shall terminate, as of the effective date of such order.
Appears in 4 contracts
Samples: Employment Agreement (Stellar Bancorp, Inc.), Executive Employment Agreement (CBTX, Inc.), Executive Employment Agreement (Allegiance Bancshares, Inc.)
Regulatory Action. (a) If Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(18(g)(l) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1g)(l)), all obligations of the Bank Employer under this Agreement shall terminate, as of the effective date of such order.
Appears in 3 contracts
Samples: Employment Agreement (FB Financial Corp), Employment Agreement (FB Financial Corp), Employment Agreement (FB Financial Corp)
Regulatory Action. (a) If Executive Employee is removed and/or permanently prohibited from participating in the conduct of the Bank’s 's affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1g)(l)), all obligations of the Bank under this Agreement agreement shall terminate, as of the effective date of such order.
Appears in 2 contracts
Samples: Retention Agreement (Colony Bankcorp Inc), Retention Agreement (Colony Bankcorp Inc)
Regulatory Action. (a) If Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1g)(l)), all obligations of the Bank Employer under this Agreement shall terminate, as of the effective date of such order.
Appears in 2 contracts
Samples: Employment Agreement (FB Financial Corp), Employment Agreement (FB Financial Corp)
Regulatory Action. (a) If Executive Employee is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank under this Agreement shall terminate, as of the effective date of such order.
Appears in 2 contracts
Samples: Retention Agreement (Colony Bankcorp Inc), Retention Agreement (Colony Bankcorp Inc)
Regulatory Action. (a) If Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal LEGAL02/43756812v5 Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank Employer under this Agreement shall terminate, as of the effective date of such order.
Appears in 1 contract
Regulatory Action. (a) If Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(18(g)(l) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank Employer under this Agreement shall terminate, as of the effective date of such order.
Appears in 1 contract
