Common use of Termination or Suspension of Employment as Required by Law Clause in Contracts

Termination or Suspension of Employment as Required by Law. Notwithstanding anything in this Agreement to the contrary, the following provisions shall limit the obligation of the Bank to continue employing Executive, but only to the extent required by the applicable regulations of the OTS (12 C.F.R. Section 563.39), or similar succeeding regulations:

Appears in 10 contracts

Samples: Employment Agreement (FCB Financial Corp), Employment Agreement (FCB Financial Corp), Employment Agreement (FCB Financial Corp)

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Termination or Suspension of Employment as Required by Law. Notwithstanding anything in this Agreement to the contrary, the following provisions shall limit the obligation of the Bank AnchorBank to continue employing the Executive, but only to the extent required by the applicable regulations of the OTS (12 C.F.R. Section 563.39ss.563.39), or similar succeeding regulations:

Appears in 2 contracts

Samples: Employment Agreement (FCB Financial Corp), Employment Agreement (Anchor Bancorp Wisconsin Inc)

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