Common use of Regulatory Removal Clause in Contracts

Regulatory Removal. If the Executive is removed from ------------------ office and/or permanently prohibited from participating in the conduct of the Company's affairs by an order issued under Sections 8(3)(4) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(4) or (g)(1)), this agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.

Regulatory Removal. If the Executive is removed from office ------------------ office and/or permanently prohibited from participating in the conduct of the Company's affairs by an order issued under Sections 8(3)(4) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(4) or (g)(1)), this agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.

Regulatory Removal. If the Executive is removed from ------------------ ------------------- office and/or permanently prohibited from participating in the conduct of the Company's affairs by an order issued under Sections 8(3)(4) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(4) or (g)(1)), this agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.

Regulatory Removal. If the Executive is removed from ------------------ ------------------- office and/or permanently prohibited from participating in the conduct of the Company's affairs by an order issued under Sections 8(3)(4Section 8(e)(4) or 8(g)(1(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(4) or (g)(1)), this agreement shall terminate as all obligations of the effective date of the order, but such termination shall not affect any of the vested rights of either of the contracting parties shall not be affectedto this Agreement.