Common use of Regulatory Suspension Clause in Contracts

Regulatory Suspension. (a) If Employee is suspended and/or temporarily prohibited from participating in the conduct of the affairs of Employers by a notice served under Sections 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, 12 U.S.C. (S) 1818(e)(3) or (g)(1), the obligations of Employers under this Agreement shall be suspended as of the date of service of such notice, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Employers may in their discretion (i) pay Employee all or part of the compensation withheld while their contract obligations were suspended and (ii) reinstate in whole or in part any of their obligations which were suspended.

Regulatory Suspension. (a) If Employee is suspended and/or temporarily prohibited from participating in the conduct of the affairs of Employers Employer by a notice served under Sections 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, 12 U.S.C. (S) 1818(e)(3) or (g)(1), the obligations of Employers Employer under this Agreement shall be suspended as of the date of service of such notice, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Employers Employer may in their its discretion (i) pay Employee all or part of the compensation withheld while their its contract obligations were suspended and (ii) reinstate in whole or in part any of their its obligations which were suspended.

Regulatory Suspension. (a) If Employee is suspended and/or temporarily prohibited from participating in the conduct of the affairs of Employers by a notice served under Sections 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, 12 U.S.C. (S) 1818(e)(3S)1818(e)(3) or (g)(1), the obligations of Employers under this Agreement shall be suspended as of the date of service of such notice, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, then the Employers may may, in their discretion discretion, (i) pay Employee all or part of the compensation withheld while their its contract obligations were suspended and (ii) reinstate in whole or in part any of their its obligations which were suspended.

Regulatory Suspension. (a) If Employee is suspended and/or temporarily prohibited from participating in the conduct of the affairs of Employers by a notice served under Sections 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, 12 U.S.C. (S) 1818(e)(3) or (g)(1), the obligations of Employers under this Agreement shall be suspended as of the date of service of such notice, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Employers may in their discretion (i) pay Employee all or part of the compensation withheld while their its contract obligations were suspended and (ii) reinstate in whole or in part any of their its obligations which were suspended.

Regulatory Suspension. (a) If Employee is suspended and/or temporarily prohibited from participating in the conduct of the affairs of Employers Employer by a notice served under Sections 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, 12 U.S.C. (S) 1818(e)(3S)1818(e)(3) or (g)(1), the obligations of Employers Employer under this Agreement shall be suspended as of the date of service of such notice, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Employers may then Employer may, in their discretion discretion, (i) pay Employee all or part of the compensation withheld while their its contract obligations were suspended and (ii) reinstate in whole or in part any of their its obligations which were suspended.