Common use of Regulatory Suspension Clause in Contracts

Regulatory Suspension. If the Executive is suspended from --------------------- office and/or temporarily prohibited from participating in the conduct of the Company's affairs by a notice served under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), the Company's obligations under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. In the event that the service of a notice in the manner provided above results in the suspension of any compensation due to the Executive during the term promptly following the dismissal of the charges specified in such notice the Company may, in its discretion, pay to the Executive all compensation that was withheld from him and may, in its discretion, reinstate all of the obligations of the Company suspended hereunder.

Regulatory Suspension. If the Executive is suspended --------------------- from --------------------- office and/or temporarily prohibited from participating in the conduct of the Company's affairs by a notice served under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), the Company's obligations under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. In the event that the service of a notice in the manner provided above results in the suspension of any compensation due to the Executive during the term promptly following the dismissal of the charges specified in such notice the Company may, in its discretion, pay to the Executive all compensation that was withheld from him and may, in its discretion, reinstate all of the obligations of the Company suspended hereunder.

Regulatory Suspension. If the Executive is suspended ---------------------- from --------------------- office and/or temporarily prohibited from participating in the conduct of the Company's affairs by a notice served under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), the Company's obligations under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. In the event that the service of a notice in the manner provided above results in the suspension of any compensation due to the Executive during the term promptly following the dismissal of the charges specified in such notice the Company may, in its discretion, pay to the Executive all compensation that was withheld from him and may, in its discretion, reinstate all of the obligations of the Company suspended hereunder.

Regulatory Suspension. If the Executive is suspended ---------------------- from --------------------- office and/or temporarily prohibited from participating in the conduct of the Company's affairs by a notice served under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), the Company's obligations under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. In the event that the service of a notice in the manner provided above results in the suspension of any compensation due to the Executive during the term promptly following the dismissal of the charges specified in such notice the Company may, in its discretion, pay to the Executive all compensation that was withheld from him and may, in its discretion, pay to the Executive all compensation that was withheld from him and may, in its discretion, reinstate all of the obligations of the Company suspended hereunder.

Regulatory Suspension. If the Executive is suspended --------------------- from --------------------- office and/or temporarily prohibited from participating in the conduct of the Company's affairs by a notice served under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), the Company's obligations under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. In the event that the service of a notice in the manner provided above results in the suspension of any compensation due to the Executive during the term promptly following the dismissal of the charges specified in such notice the Company may, in its discretion, pay to the Executive all compensation that was withheld from him and may, in its discretion, reinstate all of the obligations of the Company suspended suspended. hereunder.