Common use of Suspension or Termination Required by the OTS Clause in Contracts

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' affairs by a notice served under section 8(e)(3), or section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section 1818(e)(3) and (g)(1)], the Employers' obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' Employer's affairs by a notice served under section 8(e)(3), or section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section 1818(e)(3) and (g)(1)], the Employers' Employer's obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers Employer shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' affairs by a notice served under section Section 8(e)(3), or section Section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section 1818(e)(3U.S.C.ss.1818(e)(3) and (g)(1)], the Employers' obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If if Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' affairs by a notice served under section 8(e)(38 (e)(3), or section 8(g)(18 (g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section section 1818(e)(3) and (g)(1)], the Employers' obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' affairs by a notice served under section 8(e)(3), or section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section Sections 1818(e)(3) and (g)(1)], the Employers' obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' affairs by a notice served under section 8(e)(3), or section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section 1818(e)(3U.S.X.xx. 0018(e)(3) and (g)(1)], the Employers' obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' Employer's affairs by a notice served under section 8(e)(3), or section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section ss. 1818(e)(3) and (g)(1)], the Employers' Employer's obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers Employer shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' ’ affairs by a notice served under section Section 8(e)(3), or section Section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section § 1818(e)(3) and (g)(1g)(l)], the Employers' ’ obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' affairs by a notice served under section 8(e)(3), or section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section 1818(e)(3U.S.C.ss.1818(e)(3) and (g)(1)], the Employers' obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.

Suspension or Termination Required by the OTS. (A) If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employers' affairs by a notice served under section 8(e)(3), or section 8(g)(1), of the Federal Deposit Insurance Act [12 U.S.C. Section ss. 1818(e)(3) and (g)(1)], the Employers' obligations under the Agreement shall be suspended as of the date of service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employers shall (i) pay Executive all of the compensation withheld while their obligations under this Agreement were suspended, and (ii) reinstate such obligations as were suspended.