Regulatory Suspension and Termination. (i) If Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate by a notice served under Section 8(e) or 8(g) of the FDIA, or pursuant to Section 30.12.040 of the Revised Code of Washington, all obligations of the Company and its Affiliates under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings; if the charges in such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its and its Affiliates’ obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and its Affiliates’ obligations that were suspended, all in accordance with Code Section 409A.
Appears in 16 contracts
Samples: Employment Agreement (Heritage Financial Corp /Wa/), Employment Agreement (Heritage Financial Corp /Wa/), Employment Agreement (Heritage Financial Corp /Wa/)
Regulatory Suspension and Termination. (i) If Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate by a notice served under Section 8(e) or 8(g) of the FDIA, or pursuant to Section 30.12.040 of the Revised Code of Washington, all obligations of the Company and its the Affiliates under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings; , provided that if the charges in such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its and its the Affiliates’ obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and its the Affiliates’ obligations that were suspended, all in accordance with Code Section 409A.
Appears in 7 contracts
Samples: Employment Agreement (Landmark Bancorp Inc), Employment Agreement (Landmark Bancorp Inc), Employment Agreement (Landmark Bancorp Inc)
Regulatory Suspension and Termination. (i) If Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company Employer or an Affiliate by a notice served under Section 8(e) or 8(g) of the FDIA, or pursuant to Section 30.12.040 of the Revised Code of Washington, all obligations of the Company Employer and its the Affiliates under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings; , provided that if the charges in such notice are dismissed, the Company Bank may in its discretion (A) pay Executive all or part of the compensation withheld while its and its the Affiliates’ obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and its the Affiliates’ obligations that were suspended, all in accordance with Code Section 409A.
Appears in 3 contracts
Samples: Employment Agreement (First Community Financial Partners, Inc.), Employment Agreement (First Community Financial Partners, Inc.), Employment Agreement (First Community Financial Partners, Inc.)
Regulatory Suspension and Termination. (i) If Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate by a notice served under Section 8(e) or 8(g) of the FDIA, or pursuant to Section 30.12.040 of the Revised Code of Washington, all obligations of the Company and its the Affiliates under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings; , provided that if the charges in such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its and its the Affiliates’ ' obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and its the Affiliates’ ' obligations that were suspended, all in accordance with Code Section 409A.
Appears in 2 contracts
Samples: Employment Agreement (Trinity Capital Corp), Employment Agreement (Trinity Capital Corp)
Regulatory Suspension and Termination. (i) If Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate by a notice served under Section 8(e) or 8(g) of the FDIA, or pursuant to Section 30.12.040 of the Revised Code of Washington, all obligations of the Company and its Affiliates under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings; if the charges in such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its and its Affiliates’ obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and its Affiliates’ obligations that were suspended, all in accordance with Code Section 409A.409A. (ii) If Executive is removed or permanently prohibited from participating in the conduct of the affairs of the Company or an Affiliate by an order
Appears in 1 contract
Samples: Employment Agreement (Heritage Financial Corp /Wa/)
Regulatory Suspension and Termination. (ia) If Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate by a notice served under Section 8(e) or 8(g) of the FDIA, or pursuant to Section 30.12.040 of the Revised Code of Washington, all obligations of the Company and its the Affiliates under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings; , provided that if the charges in such notice are dismissed, the Company may in its discretion (Ai) pay Executive all or part of the compensation withheld while its and its the Affiliates’ obligations under this Agreement were suspended and (Bii) reinstate in whole or in part any of its and its the Affiliates’ obligations that were suspended, all in accordance with Code Section 409A.
Appears in 1 contract
