Regulatory Prohibition. Notwithstanding any other provision of this Agreement to the contrary, the obligations of the Company and the Bank hereunder shall be suspended in the event that the FDIC prohibits or limits, by regulation or order, any payment hereunder pursuant to Section 18(k) of the FDIA (12 U.S.C. Section 1828(k)).
Appears in 5 contracts
Samples: Employment Agreement (Glacier Bancorp Inc), Employment Agreement (Glacier Bancorp Inc), Employment Agreement (Glacier Bancorp Inc)
Regulatory Prohibition. Notwithstanding any other provision of this Agreement to the contrary, the obligations of the Company and the Savings Bank hereunder shall be suspended in the event that the FDIC prohibits or limits, by regulation or order, any payment hereunder pursuant to Section 18(k) of the FDIA (12 U.S.C. Section 1828(k)).
Appears in 3 contracts
Samples: Executive Employment Agreement (First Keystone Financial Inc), Employment Agreement (First Keystone Financial Inc), Employment Agreement (First Keystone Financial Inc)
Regulatory Prohibition. Notwithstanding any other provision of this Agreement to the contrary, the obligations of the Company and the Savings Bank hereunder shall be suspended in the event that the 7 FDIC prohibits or limits, by regulation or order, any payment hereunder pursuant to Section 18(k) of the FDIA (12 U.S.C. Section 1828(k)).
Appears in 1 contract
Samples: Executive Employment Agreement (First Keystone Financial Inc)
