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 Company to continue employing Executive, but only to the extent required by the applicable regulations of the OTS (12 C.F.R. (S) 563.39), or similar succeeding regulations:

Appears in 6 contracts

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

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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 Company to continue employing Executive, but only to the extent required by the applicable regulations of the OTS (12 C.F.R. (S) Section 563.39), or similar succeeding regulations:

Appears in 2 contracts

Samples: Employment Agreement (Midwest Federal Financial Corp), Employment Agreement (Midwest Federal Financial Corp)

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