Common use of Suspension and Special Regulatory Rules Clause in Contracts

Suspension and Special Regulatory Rules. (i) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(4) or (g)(l) of the Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(4) and (g)(1)), the Bank’s obligations under this contract shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 6 contracts

Samples: Employment Agreement (Ameriana Bancorp), Employment Agreement (Ameriana Bancorp), Employment Agreement (Ameriana Bancorp)

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Suspension and Special Regulatory Rules. (i) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(4) or (g)(lg)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(4) and (g)(1)), the Bank’s obligations under this contract shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 3 contracts

Samples: Employment Agreement (Ameriana Bancorp), Employment Agreement (Ameriana Bancorp), Employment Agreement (Ameriana Bancorp)

Suspension and Special Regulatory Rules. (i) i. If the Executive is suspended and/or temporarily prohibited from participating in the conduct of Frontier's or the Bank’s 's affairs by a notice served under Section 8(e)(4section 8(e)(3) or section (g)(lg)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(4) and (g)(1)"FDI Act"), the Bank’s 's obligations under this contract 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, the Bank may in its discretion shall (i) pay the Executive all or part of the compensation withheld while its contract obligations were suspended, suspended and (ii) reinstate (in whole or in part) part any of its obligations which were suspended.

Appears in 2 contracts

Samples: Employment Agreement (Frontier National Corp), Employment Agreement (Frontier National Corp)

Suspension and Special Regulatory Rules. (i) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section section 8(e)(4) or (g)(l) of the Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(4) and (g)(1)), the Bank’s obligations under this contract shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Ameriana Bancorp)

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Suspension and Special Regulatory Rules. (i) If the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s 's affairs by a notice served under Section 8(e)(4Sections 8(e)(3) or (g)(l8(g)(1) of the Federal Deposit Insurance FDI Act (12 U.S.C. 1818 (e)(41818(e)(3) and (g)(1)or 1818(g)(1), the Bank’s 's obligations under this contract 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, the Bank may in its discretion (ix) pay the Executive all or part of the compensation withheld while its contract obligations were suspended, suspended and (iiy) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Golden State Bancorp Inc)

Suspension and Special Regulatory Rules. (i) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s 's affairs by a notice served under Section section 8(e)(4) or (g)(l) of the Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(4) and (g)(1)), the Bank’s 's obligations under this contract shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Ameriana Bancorp)

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