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Common use of Suspension Without Pay Clause in Contracts

Suspension Without Pay. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 10 contracts

Samples: Employment Agreement (Old Line Bancshares Inc), Employment Agreement (SFSB, Inc.), Employment Agreement (SFSB, Inc.)

Suspension Without Pay. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s 's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s 's obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may will in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 6 contracts

Samples: Employment Agreement (Americasbank Corp), Employment Agreement (Americasbank Corp), Employment Agreement (Americasbank Corp)

Suspension Without Pay. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s 's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s 's obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations obligations, which were suspended.

Appears in 6 contracts

Samples: Employment Agreement (Howard Bancorp Inc), Employment Agreement (Howard Bancorp Inc), Employment Agreement (Howard Bancorp Inc)

Suspension Without Pay. If the Employee is suspended and/or ---------------------- temporarily prohibited from participating in the conduct of the Employer’s Employers' affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s Employers' obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer Employers may in its discretion: (a) pay the Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 5 contracts

Samples: Employment Agreement (First Deposit Bancshares Inc), Employment Agreement (First Deposit Bancshares Inc), Employment Agreement (First Deposit Bancshares Inc)

Suspension Without Pay. If Employee is suspended and/or temporarily ---------------------- prohibited from participating in the conduct of the Employer’s 's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s 's obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 4 contracts

Samples: Employment Agreement (Community First Banking Co), Employment Agreement (Community First Banking Co), Employment Agreement (Community First Banking Co)

Suspension Without Pay. If Employee Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee Executive all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations obligations, which were suspended.

Appears in 4 contracts

Samples: Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc)

Suspension Without Pay. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s 's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s 's obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 4 contracts

Samples: Employment Agreement (Old Line Bancshares Inc), Employment Agreement (Old Line Bancshares Inc), Employment Agreement (Banks of the Chesapeake Inc)

Suspension Without Pay. 3.5.1. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. 3.5.2. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which that were suspended.

Appears in 3 contracts

Samples: Employment Agreement (Community Heritage Financial, Inc.), Employment Agreement (Community Heritage Financial, Inc.), Employment Agreement (Community Heritage Financial, Inc.)

Suspension Without Pay. If Employee the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will shall be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee the Executive all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which that were suspended.

Appears in 3 contracts

Samples: Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc)

Suspension Without Pay. If Employee Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its sole discretion: (a) pay Employee Executive all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations obligations, which were suspended.

Appears in 3 contracts

Samples: Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc)

Suspension Without Pay. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs 's business by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s 's obligations under this Agreement will shall be suspended as of the date of service thereofof such notice, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations obligations, which were suspended.

Appears in 3 contracts

Samples: Executive Employment Agreement (Midstate Bancorp, Inc.), Executive Employment Agreement (Midstate Bancorp, Inc.), Executive Employment Agreement (Midstate Bancorp, Inc.)

Suspension Without Pay. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs business by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will shall be suspended as of the date of service thereofof such notice, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations obligations, which were suspended.

Appears in 2 contracts

Samples: Executive Employment Agreement (Carroll Bancorp, Inc.), Executive Employment Agreement (Carroll Bancorp, Inc.)

Suspension Without Pay. If Employee the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will shall be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its sole discretion: (a) pay Employee the Executive all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which that were suspended.

Appears in 1 contract

Samples: Executive Employment Agreement (Howard Bancorp Inc)

Suspension Without Pay. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may will in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Americasbank Corp)

Suspension Without Pay. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) : pay the Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) and/or reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Carrollton Bancorp)

Suspension Without Pay. If Employee the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will shall be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretionsole discretion and in a manner that complies with Section 409A of the Code: (a) pay Employee the Executive all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which that were suspended.

Appears in 1 contract

Samples: Executive Employment Agreement (Howard Bancorp Inc)

Suspension Without Pay. If Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs business by a notice served under Section 8(e)(3) or (g)(1g)(l) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will shall be suspended as of the date of service thereofof such notice, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations obligations, which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Carroll Bancorp, Inc.)

Suspension Without Pay. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s 's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s 's obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Pay the Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations obligations, which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Cn Bancorp Inc)

Suspension Without Pay. If Employee Executive is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its sole discretion: (a) pay Employee the Executive all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations which that were suspended.

Appears in 1 contract

Samples: Executive Employment Agreement (Howard Bancorp Inc)

Suspension Without Pay. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Employer’s 's affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act, the Employer’s 's obligations under this Agreement will be suspended as of the date of service thereof, unless stayed by appropriate proceedings. If the charges in such notice are dismissed, the Employer may in its discretion: (a) pay Employee all or part of the compensation withheld while its contract obligations were suspended; and/or (b) reinstate (in whole or in part) any of its obligations obligations, which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Cn Bancorp Inc)