Termination for Cause, Death, or Removal. Executive shall forfeit any and all benefits, and the Bank shall not distribute any benefit, under this Agreement, if (a) Executive incurs a Termination for Cause. In addition, notwithstanding any provision of this Agreement to the contrary, if the Executive is subject to a final removal or prohibition order issued by an appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act, the Executive shall forfeit any and all benefits, and the Bank shall not distribute any benefit, under this Agreement.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Agreement (Centra Financial Holdings Inc), Supplemental Executive Retirement Agreement (Centra Financial Holdings Inc), Supplemental Executive Retirement Agreement (Centra Financial Holdings Inc)
