Common use of Suspension Pursuant to Notice Clause in Contracts

Suspension Pursuant to Notice. If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Association's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(3) and (g)(1)), the Association's obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Association may in its discretion (i) pay the Executive all or part of the compensation withheld while the Bank's obligations under this Agreement were suspended and (ii) reinstate (in whole or in part) any of the Association's obligations under this Agreement which were suspended. 3. Section 7(d) is amended to read in its entirety as follows:

Suspension Pursuant to Notice. If Executive is in suspended and/or temporarily prohibited from participating in the conduct of the Association's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(3) and (g)(1)), the Association's obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Association may in its discretion (i) pay the Executive all or part of the compensation withheld while the Bank's obligations under this Agreement were suspended and (ii) reinstate (in whole or in part) any of the Association's obligations under this Agreement which were suspended. 3. Section 7(d) is amended to read in its entirety as follows:

Suspension Pursuant to Notice. If Executive is suspended and/or temporarily prohibited from participating in the conduct of the AssociationBank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(3ss.1818(e)(3) and (g)(1)), the AssociationBank's obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Association Bank may in its discretion (i) pay the Executive all or part of the compensation withheld while the Bank's obligations under this Agreement were suspended and (ii) reinstate (in whole or in part) any of the AssociationBank's obligations under this Agreement which were suspended. 3. Section 7(d) is amended to read in its entirety as follows:

Suspension Pursuant to Notice. If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Association's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(3) and (g)(1)), the Association's obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Association may in its discretion discre- tion (i) pay the Executive all or part of the compensation withheld while the Bank's obligations under this Agreement were suspended and (ii) reinstate (in whole or in part) any of the Association's obligations under this Agreement which were suspended. 3. Section 7(d) is amended to read in its entirety as follows: