Common use of Regulatory Limitations Clause in Contracts

Regulatory Limitations. Notwithstanding anything herein contained to the contrary, any payments to Employee by the Employer, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k) and FDIC regulation 12 C.F.R. Part 359, Golden Parachute and Indemnification Payments. [Signature page follows]

Appears in 8 contracts

Samples: Change in Control Agreement (Orrstown Financial Services Inc), Change in Control Agreement (Orrstown Financial Services Inc), Change in Control Agreement (Orrstown Financial Services Inc)

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Regulatory Limitations. Notwithstanding anything herein contained to the contrary, any payments to Employee Executive by the Employer, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k) and FDIC regulation 12 C.F.R. Part 359, Golden Parachute and Indemnification Payments. [Signature page follows].

Appears in 3 contracts

Samples: Change in Control Agreement (Orrstown Financial Services Inc), Change in Control Agreement (Orrstown Financial Services Inc), Change in Control Agreement (Orrstown Financial Services Inc)

Regulatory Limitations. Notwithstanding anything herein contained to the contrary, any payments to Employee Executive by the Employer, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k) and FDIC regulation 12 C.F.R. Part 359, Golden Parachute and Indemnification Payments. [Signature page follows]

Appears in 1 contract

Samples: Change in Control Agreement (Orrstown Financial Services Inc)

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Regulatory Limitations. Notwithstanding anything herein contained to the contrary, any payments to Employee by the Employer, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k) and FDIC regulation 12 C.F.R. Part 359, Golden Parachute and Indemnification Payments. [Signature page follows].

Appears in 1 contract

Samples: Change in Control Agreement (Orrstown Financial Services Inc)

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