Suspension and Termination of Severance Benefits. (i) If Employee is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Sections 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of Bank and Holding Company under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected.
Appears in 11 contracts
Samples: Change in Control Agreement (Horizon Bancorp Inc /In/), Change in Control Agreement (Horizon Bancorp Inc /In/), Change in Control Agreement (Horizon Bancorp Inc /In/)