Severance and Indemnification Payments Sample Clauses

Severance and Indemnification Payments. 8. Effective immediately, the Association shall not make any golden parachute payment3 or any prohibited indemnification payment4 unless, with respect to each such payment, the Association has complied with the requirements of 12 C.F.R. Part 359 and, as to indemnification payments, 12 C.F.R. § 545.121.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Severance and Indemnification Payments. 6. Effective immediately, the Holding Company shall not make any golden parachute payment2 or any prohibited indemnification payment3 unless, with respect to each such payment, 2 The term “golden parachute payment” is defined at 12 C.F.R. § 359.1(f). 3 The term “prohibited indemnification payment” is defined at 12 C.F.R. § 359.1(l). the Holding Company has complied with the requirements of 12 CFR Part 359.
Sample 1
Severance and Indemnification Payments. 9. Effective immediately, the Holding Company shall not make any golden parachute payment2 or prohibited indemnification payment3 unless, with respect to each such payment, the Holding Company has complied with the requirements of 12 C.F.R. Part 359. 1 The term “Senior Executive Officer” is defined at 12 C.F.R. § 563.555. 2 The term “golden parachute payment” is defined at 12 C.F.R. § 359.1(f). 3 The term “prohibited indemnification payment” is defined at 12 C.F.R. § 359.1(l).
Sample 1
Severance and Indemnification Payments. Effective immediately, the Regulated Entities shall not make any golden parachute payment4 or prohibited indemnification payment5 unless, with respect to each such payment, the respective Regulated Entity has complied with the requirements of 12 CFR Part 359.
Sample 1
Severance and Indemnification Payments. 34. Effective immediately, the Association shall not make any golden parachute payment6 or any prohibited indemnification payment7 unless, with respect to each such payment, the Association has complied with the requirements of 12 C.F.R. Part 359 and, as to indemnification payments, 12 C.F.R. § 545.121. 6 The term “golden parachute payment” is defined at 12 C.F.R. § 359.1(f). 7 The term “prohibited indemnification payment” is defined at 12 C.F.R. § 359.1(l). Supervisory Agreement Severn Savings Bank, FSB
Sample 1
Severance and Indemnification Payments. 6. Effective immediately, the Holding Company shall not make any golden parachute payment2 or any prohibited indemnification payment3 unless, with respect to each such payment, 2 The term “golden parachute payment” is defined at 12 C.F.R. § 359.1(f). 3 The term “prohibited indemnification payment” is defined at 12 C.F.R. § 359.1(1). the Holding Company has complied with the requirements of 12 CFR Part 359.
Sample 1
Severance and Indemnification Payments. Effective immediately, the Bank shall not make any golden parachute payment or prohibited indemnification payment unless, with respect to each such payment, the Bank has complied with the requirements of 12 CFR Part 359 and, as to indemnification payments, also with 12 CFR § 545.121.
Sample 1
AutoNDA by SimpleDocs

Related to Severance and Indemnification Payments

  • Indemnification Payments The indemnification required by Sections 6.1 and Section 6.2 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred.

  • Indemnification Payment Indemnitee shall be entitled to indemnification of Expenses, and shall receive payment thereof, from the Company in accordance with this Agreement as soon as practicable after Indemnitee has made written demand on the Company for indemnification, unless the Reviewing Party has given a written opinion to the Company that Indemnitee is not entitled to indemnification under applicable law.

  • Compensation and Indemnification The Company agrees promptly to pay the Warrant Agent the compensation to be agreed upon with the Company for all services rendered by the Warrant Agent and to reimburse the Warrant Agent for reasonable out-of-pocket expenses (including reasonable counsel fees) incurred without negligence, bad faith or willful misconduct by the Warrant Agent in connection with the services rendered hereunder by the Warrant Agent. The Company also agrees to indemnify the Warrant Agent for, and to hold it harmless against, any loss, liability or expense incurred without negligence, bad faith or willful misconduct on the part of the Warrant Agent, arising out of or in connection with its acting as Warrant Agent hereunder, including the reasonable costs and expenses of defending against any claim of such liability.

  • Insurance and Indemnification Costs of insurance in connection with the general conduct of activities are allowable, provided that the extent and cost of coverage are in accordance with the Grantee’s policy and sound business practice.

  • Treatment of Indemnification Payments All indemnification payments made under this Agreement shall be treated by the Parties as an adjustment to the Adjusted Purchase Price.

  • Compensation, Reimbursement and Indemnification The Company agrees:

  • Compensation, Expenses and Indemnification (a) The Fund shall pay to the Auction Agent from time to time reasonable compensation for all services rendered by it under this Agreement and under the Broker-Dealer Agreements as shall be set forth in a separate writing signed by the Fund and the Auction Agent, subject to adjustments if the Preferred Shares no longer are held of record by the Securities Depository or its nominee or if there shall be such other change as shall increase or decrease materially the Auction Agent's obligations hereunder or under the Broker-Dealer Agreements.

  • Request for Indemnification and Indemnification Payments Indemnitee shall notify the Company promptly in writing upon receiving notice of any demand, judgment or other requirement for payment that Indemnitee reasonably believes to be subject to indemnification under the terms of this Agreement, and shall request payment thereof by the Company. Indemnification payments requested by Indemnitee under Section 3 hereof shall be made by the Company no later than sixty (60) days after receipt of the written request of Indemnitee. Claims for advancement of expenses shall be made under the provisions of Section 6 herein.

  • D&O Insurance and Indemnification Through at least the sixth anniversary of the Date of Termination, the Company shall maintain coverage for you as a named insured on all directors’ and officers’ insurance maintained by the Company for the benefit of its directors and officers on at least the same basis as all other covered individuals and provide you with at least the same corporate indemnification as it provides to other senior executives.

  • Release and Indemnification CLIENT hereby releases TAILGATE GUYS and agrees to indemnify and defend TAILGATE GUYS and save TAILGATE GUYS harmless from and against all suits, actions, damages, liability and expenses in connection with loss of life, body or personal injury or property damage (and each and all of them) arising from or out of any occurrence in and around the Site or any part thereof, or occasioned wholly or in part by any act or omission of CLIENT, its invitees, and guests.

Time is Money Join Law Insider Premium to draft better contracts faster.