Regulatory Exception. Notwithstanding anything else to the contrary set forth herein, a “Change in Control” shall not include any sale of stock or securities, merger, transfer of assets, consolidation, liquidation, reorganization or other transaction instituted by or at the request of the OCC, FRB or the Federal Deposit Insurance Corporation to resolve any supervisory concerns respecting the Bank or MB.
Appears in 9 contracts
Samples: Employment Agreement (Manhattan Bancorp), Employment Agreement (Manhattan Bancorp), Waiver and Release Agreement (Manhattan Bancorp)
Regulatory Exception. Notwithstanding anything else to the contrary set forth herein, a “Change in Control” shall not include any sale of stock or securities, merger, transfer of assets, consolidation, liquidation, reorganization or other transaction instituted by or at the request of the OCC, FRB California Commissioner of Financial Institutions or the Federal Deposit Insurance Corporation to resolve any supervisory concerns respecting the Bank or MBBank.
Appears in 2 contracts
Samples: Change in Control and Severance Agreement (First Pactrust Bancorp Inc), Change in Control and Severance Agreement (First Pactrust Bancorp Inc)
