Termination by Default. If Employer is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Action (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.
Appears in 7 contracts
Samples: Letter Agreement (United Panam Financial Corp), United Pan Am Financial Corp, United Panam Financial Corp
Termination by Default. If Employer the Company is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Action Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.
Appears in 3 contracts
Samples: Employment Agreement (Pacific Capital Bancorp /Ca/), Employment Agreement (CVB Financial Corp), Employment Agreement (Pacific Capital Bancorp /Ca/)
Termination by Default. If Employer is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Action (12 U.S.C. Section 1813(x)(118133(x)(l)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.
Appears in 1 contract
Samples: United Panam Financial Corp
Termination by Default. If Employer is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Action (12 U.S.C. Section 1813(x)(1)), all obligations under this Amended and Restated Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.
Appears in 1 contract
Samples: United Pan Am Financial Corp
