Regulatory Oversight. All obligations under this Agreement may be terminated except to the extent determined that the continuation of the Agreement is necessary for the continued operation of the Employer by order of any state or federal regulatory agency with supervision of the Employer, unless stayed by appropriate proceedings, and the Employer shall be under no obligation to perform any of its obligations hereunder if it is informed in writing by any state or federal regulatory agency with supervision of the Employer that performance of its obligations would constitute an unsafe or unsound business practice.
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Samples: Employment Agreement (Blindspot Alert, Inc.), Employment Agreement (Blindspot Alert, Inc.), Employment Agreement (Blindspot Alert, Inc.)
Regulatory Oversight. All obligations under this Agreement may be terminated except to the extent determined that the continuation of the Agreement is necessary for the continued operation of the Employer by order of any state or federal banking regulatory agency with supervision of the EmployerEmployer or any of its affiliates, unless stayed by appropriate proceedings, and the Employer shall be under no obligation to perform any of its obligations hereunder if it is informed in writing by any state or federal banking regulatory agency with supervision of the Employer or any of its affiliates that performance of its obligations would constitute an unsafe or unsound business banking practice.
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