Regulatory Limitations. (a) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the affairs of the Bank by a notice served under 12 U.S.C. Section 1818(e) or (g), the obligations of the Bank under this Agreement shall be suspended as of the date of service of such notice, unless stayed by appropriate proceedings.
Appears in 5 contracts
Samples: Employment Agreement (TC Bancshares, Inc.), Employment Agreement (TC Bancshares, Inc.), Employment Agreement (TC Bancshares, Inc.)
Regulatory Limitations. (a) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the affairs of the Bank by a notice served under 12 U.S.C. Section 1818(e) or (g), the obligations of the Company and the Bank under this Agreement shall be suspended as of the date of service of such notice, unless stayed by appropriate proceedings.
Appears in 2 contracts
Samples: Employment Agreement (Investar Holding Corp), Employment Agreement (Investar Holding Corp)
