Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive shall not be affected.
Appears in 13 contracts
Samples: Severance Compensation Agreement, Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp)
Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive parties shall not be affected.
Appears in 12 contracts
Samples: Employment Agreement (CVB Financial Corp), Employment Agreement (CVB Financial Corp), Employment Agreement (CVB Financial Corp)
Termination by Default. If the Bank is in default (as defined in Section 3(x)(13 (x) (1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(11813 (x) (1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive parties shall not be affected.
Appears in 3 contracts
Samples: Executive Employment Agreement, Executive Employment Agreement (First Ulb Corp.), Executive Employment Agreement (First Ulb Corp.)
Termination by Default. If the The Bank is in default (as defined in Section 3(x)(13 (x) (1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(11813 (x) (1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement, Employment Agreement (First Ulb Corp.)
Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive shall not be affected.U.S.
Appears in 1 contract
Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act Action (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive parties shall not be affected.
Appears in 1 contract
Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive (Insert Job Title) shall not be affected.
Appears in 1 contract
Samples: Severance Compensation Agreement (CVB Financial Corp)
