Regulatory Requirement. The Company shall not be required to make payment of, or provide any benefit under, this Section 5 to the extent such payment or benefit is prohibited by the regulations presently found at 12 C.F.R. Part 359, as amended, or to the extent that any other governmental approval for the payment or benefit that is required by law is not received.
Appears in 10 contracts
Samples: Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)
Regulatory Requirement. The Company shall not be required to make payment of, or provide any benefit under, this Section 5 to the extent such payment or benefit is prohibited by the regulations presently found at 12 C.F.R. Part 359, as amended, 359 or to the extent that any other governmental approval for the payment or benefit that is required by law is not received.
Appears in 7 contracts
Samples: Employment Agreement (Virginia National Bankshares Corp), Employment Agreement (Fauquier Bankshares, Inc.), Employment Agreement (Fauquier Bankshares, Inc.)
Regulatory Requirement. The Company Corporation shall not be required to make any payment of, of or provide any benefit under, otherwise required under Sections 4 through 11 of this Section 5 Agreement to the extent that such payment or benefit is prohibited by the regulations presently currently found at 12 C.F.R. Part 359, as amended, or to the extent that any other governmental approval for the of such payment or benefit that is required by law and is not received.
Appears in 5 contracts
Samples: Employment Agreement (First Community Bankshares Inc /Va/), Employment Agreement (First Community Bankshares Inc /Va/), Employment Agreement (First Community Bankshares Inc /Va/)
Regulatory Requirement. The Company shall not be required to make payment of, or provide any benefit under, this Section 5 4 to the extent such payment or benefit is prohibited by the regulations presently found at 12 C.F.R. Part 359, as amended, 359 or to the extent that any other governmental approval for the payment or benefit that is required by law is not received.
Appears in 3 contracts
Samples: Employment Agreement (Union Bankshares Corp), Employment Agreement (Union First Market Bankshares Corp), Employment Agreement (Union First Market Bankshares Corp)
Regulatory Requirement. The Company shall not be required to make payment of, or provide any benefit under, under this Section 5 section to the extent such payment or benefit is prohibited by the regulations presently found at 12 C.F.R. C.F.R Part 359, as amended, 359 or to the extent that any other governmental approval for the payment or benefit that is required by law is not received.
Appears in 2 contracts
Samples: Employment Agreement (Oak View Bankshares, Inc.), Employment Agreement (Oak View Bankshares, Inc.)
Regulatory Requirement. The Company shall not be required to make payment of, or provide any benefit under, this Section 5 7(b) to the extent such payment or benefit is prohibited by the terms of the regulations presently found at 12 C.F.R. Part 359, as amended, part 359 or to the extent that any other governmental approval for of the payment or benefit that is required by law is not received.
Appears in 1 contract
Samples: Employment Agreement (Central Virginia Bankshares Inc)
