Common use of Regulatory Limits Clause in Contracts

Regulatory Limits. Notwithstanding any other provision in this Agreement, the Company may terminate or suspend this Agreement and the employment of Executive hereunder, as if such termination were for Cause, to the extent required by the applicable federal or state statue related to banking, deposit insurance, or bank or savings institution holding companies, or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, or any other state or federal banking regulatory agency having jurisdiction over NBTB or NBT Bank, and no payment shall be required to be made to or for the benefit of Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, or order issued by a banking agency or a court of competent jurisdiction; provided, that it shall be the Company’s burden to prove that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this Agreement, (i) the Company Employer may terminate or suspend this Agreement and the employment of the Executive hereunder, as if such termination were for CauseCause under Section 3(d) hereof, to the extent required by the applicable federal Federal or state statue law related to banking, deposit insurance, insurance or bank or savings institution holding companies, companies or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, Corporation or any other state or federal banking regulatory agency having jurisdiction over NBTB the Company or NBT Bank, the Bank and (ii) no payment shall be required to be made to or for the benefit of the Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, regulation or order issued by a banking agency or a court of competent jurisdiction; provided, provided that it shall be the CompanyEmployer’s burden to prove establish that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this Agreement, (i) the Company Employer may terminate or suspend this Agreement and the employment of the Executive hereunder, as if such termination were for CauseCause under Section 3(d) hereof, to the extent required by the applicable federal Federal or state statue law related to banking, deposit insurance, insurance or bank or savings institution holding companies, companies or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, Corporation or any other state or federal banking regulatory agency having jurisdiction over NBTB the Company or NBT Bank, the Bank and (ii) no payment shall be required to be made to or for the benefit of the Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, regulation or order issued by a banking agency or a court of competent jurisdiction; provided, provided that it shall be the Company’s Employer's burden to prove establish that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this ------------------ Agreement, (i) the Company Employer may terminate or suspend this Agreement and the employment of the Executive hereunder, as if such termination were for CauseCause under Section 3(d) hereof, to the extent required by the applicable federal Federal or state statue law related to banking, deposit insurance, insurance or bank or savings institution holding companies, companies or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, Corporation or any other state or federal banking regulatory agency having jurisdiction over NBTB the Company or NBT Bank, the Bank and (ii) no payment shall be required to be made to or for the benefit of the Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, regulation or order issued by a banking agency or a court of competent jurisdiction; provided, provided that it shall be the Company’s Employer's burden to prove establish that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this Agreement, the Company Agreement NBTB may terminate or suspend this Agreement and the employment of Executive hereunder, as if such termination were for Cause, to the extent required by the applicable federal or state statue related to banking, deposit insurance, insurance or bank or savings institution holding companies, companies or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, Corporation or any other state or federal banking regulatory agency having jurisdiction over NBTB NBT Bank or NBT BankNBTB, and no payment shall be required to be made to or for the benefit of Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, regulation or order issued by a banking agency or a court of competent jurisdiction; provided, that it shall be the CompanyNBTB’s burden to prove that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this Agreement, the Company Agreement NBTB may terminate or suspend this Agreement and the employment of Executive hereunder, as if such termination were for CauseCause under section 2(b)(iv) hereof, to the extent required by the applicable federal or state statue related to banking, deposit insurance, insurance or bank or savings institution holding companies, companies or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, Corporation or any other state or federal banking regulatory agency having jurisdiction over NBTB NBT Bank or NBT BankNBTB, and no payment shall be required to be made to or for the benefit of Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, regulation or order issued by a banking agency or a court of competent jurisdiction; provided, that it shall be the CompanyNBTB’s burden to prove that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this Agreement, the Company may terminate or suspend this Agreement and the employment of Executive hereunder, as if such termination were for Cause, to the extent required by the applicable federal or state statue related to banking, deposit insurance, or bank or savings institution holding companies, or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, or any other state or federal banking regulatory agency having jurisdiction over NBTB or NBT Bank, and no payment shall be required to be made to or for the benefit of Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, or order issued by a banking agency or a court of competent jurisdiction; provided, that it shall be the Company’s 's burden to prove that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this Agreement, (i) the Company Employer may terminate or suspend this Agreement and the employment of Executive the Employee hereunder, as if such termination were for CauseCause under Section 6(e) hereof, to the extent required by the applicable federal Federal or state statue law related to banking, deposit insurance, insurance or bank or savings institution holding companies, companies or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, Corporation or any other state or federal banking regulatory agency having jurisdiction over NBTB the Company or NBT Bank, the Bank and (ii) no payment shall be required to be made to or for the benefit of Executive the Employee under this Agreement to the extent such payment is prohibited by applicable law, regulation, regulation or order issued by a banking agency or a court of competent jurisdiction; provided, provided that it shall be the CompanyEmployer’s burden to prove establish that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this Agreement, the Company Agreement NBTB may terminate or suspend this Agreement and the employment of Executive hereunder, as if such termination were for Cause, to the extent required by the applicable federal or state statue related to banking, deposit insurance, insurance or bank or savings institution holding companies, companies or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, Corporation or any other state or federal banking regulatory agency having jurisdiction over NBTB NBT Bank or NBT BankNBTB, and no payment shall be required to be made to or for the benefit of Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, regulation or order issued by a banking agency or a court of competent jurisdiction; provided, that it shall be the CompanyNBTB’s burden to prove that any such action was so required.

Regulatory Limits. Notwithstanding any other provision in this Agreement, the Company NBT may terminate or suspend this Agreement and the employment of Executive hereunder, as if such termination were for Cause, to the extent required by the applicable federal or state statue related to banking, deposit insurance, insurance or bank or savings institution holding companies, companies or by regulations or orders issued by the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, Corporation or any other state or federal banking regulatory agency having jurisdiction over NBTB NBT Bank or NBT BankNBT, and no payment shall be required to be made to or for the benefit of Executive under this Agreement to the extent such payment is prohibited by applicable law, regulation, regulation or order issued by a banking agency or a court of competent jurisdiction; provided, that it shall be the Company’s NBT's burden to prove that any such action was so required.