Regulatory Removal. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Sections 8(e) or (g) of the Federal Deposit Insurance Act or similar statute, rule or regulation, all obligations of the Bank under this Agreement shall terminate as of the effective date of the order.
Appears in 8 contracts
Samples: Employment Agreement (Santa Lucia Bancorp), Employment Agreement (Santa Lucia Bancorp), Employment Agreement (Community Bancorp Inc)
Regulatory Removal. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Sections 8(e) or (g) of the Federal Deposit Insurance Act or similar statute, rule or regulation, all obligations of the Bank under this Agreement shall terminate as of the effective date of the order.
Appears in 3 contracts
Samples: Employment Agreement (Bank of Marin Bancorp), Employment Agreement (Santa Lucia Bancorp), Employment Agreement (Santa Lucia Bancorp)
Regulatory Removal. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's or Bancorp's affairs by an order issued under Sections 8(e) or (g) of the Federal Deposit Insurance Act or similar statute, rule or regulation, all obligations of the Bank and Bancorp under this Agreement shall terminate as of the effective date of the order.
Appears in 3 contracts
Samples: Employment Agreement (Community Bancorp), Employment Agreement (Community Bancorp), Employment Agreement (Community Bancorp)
Regulatory Removal. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bancorp’s or Bank's ’s affairs by an order issued under Sections 8(e) or (g) of the Federal Deposit Insurance Act or similar statute, rule or regulation, all obligations of the Bank Company under this Agreement shall terminate as of the effective date of the order.
Appears in 2 contracts
Samples: Waiver and Release Agreement (Bank of Marin Bancorp), Employment Agreement (Bank of Marin Bancorp)
Regulatory Removal. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s or Bancorp’s affairs by an order issued under Sections 8(e) or (g) of the Federal Deposit Insurance Act or similar statute, rule or regulation, all obligations of the Bank and Bancorp under this Agreement shall terminate as of the effective date of the order.
Appears in 2 contracts
Samples: Employment Agreement (Community Bancorp Inc), Employment Agreement (Community Bancorp Inc)
Regulatory Removal. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's or Bancorp’s affairs by an order issued under Sections 8(e) or (g) of the Federal Deposit Insurance Act or similar statute, rule or regulation, all obligations of the Bank and Bancorp under this Agreement shall terminate as of the effective date of the order.
Appears in 1 contract
