Termination or Suspension Under Federal Law. (i) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s affairs by an order issued under Sections 8(e)(iv) or 8(g)(i) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee shall not be affected.
Appears in 27 contracts
Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 25 contracts
Samples: Reorganization and Merger Agreement (Cecil Bancorp Inc), Agreement (1st State Bancorp Inc), Employment Agreement (River Valley Bancorp)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but order with the exception of vested rights of the Employee shall not be affectedstock or option rights.
Appears in 12 contracts
Samples: Employment Agreement (Flagstar Bancorp Inc), Employment Agreement (Flagstar Bancorp Inc), Employment Agreement (Flagstar Bancorp Inc)
Termination or Suspension Under Federal Law. (ia) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyEmployer’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and or (g)(1)), all obligations of the Employer and the Holding Company under this Agreement shall terminate, as of the effective date of the order, but the vested rights of the Employee parties shall not be affected.
Appears in 9 contracts
Samples: Severance Agreement, Control Severance Agreement (Iberiabank Corp), Control Severance Agreement (Iberiabank Corp)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but . No such order shall affect the vested rights of the Employee shall not be affectedparties.
Appears in 8 contracts
Samples: Employment Agreement (AJS Bancorp, Inc.), Exhibit 99 (Ajs Bancorp Inc), Exhibit 99 (Ajs Bancorp Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Association's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Association under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 8 contracts
Samples: Agreement (Southern Banc Co Inc), Employment Agreement (Peoples Bancorp Inc /Ny/), Employment Agreement (HCB Bancshares Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 7 contracts
Samples: Employment Agreement (Norwood Financial Corp), Employment Agreement (Mayflower Bancorp Inc), Employment Agreement (Mayflower Bancorp Inc)
Termination or Suspension Under Federal Law. (i) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv) or 8(g)(i) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee shall not be affected.
Appears in 6 contracts
Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)
Termination or Suspension Under Federal Law. (i) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee shall not be affected.
Appears in 5 contracts
Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)
Termination or Suspension Under Federal Law. (i) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(ivSection 8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) FDIA (12 U.S.C. 1818(e)(4) and or (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee Parties shall not be affected.
Appears in 5 contracts
Samples: Employment Agreement (Madison Bancorp Inc), Employment Agreement (Madison Bancorp Inc), Employment Agreement (Madison Bancorp Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee Executive is removed and/or permanently prohibited from participating in the conduct of the Company’s affairs by an order issued under Sections 8(e)(iv8(c )(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 4 contracts
Samples: Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Community Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4ss.1818(e)(4) and or (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 4 contracts
Samples: Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc)
Termination or Suspension Under Federal Law. (i) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee shall not be affected.
Appears in 4 contracts
Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. §1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 4 contracts
Samples: Employment Agreement (Mayflower Bancorp Inc), Employment Agreement (Mayflower Bancorp Inc), Employment Agreement (Mayflower Bancorp Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) ([12 U.S.C. §1818(e)(4) and or (g)(1))], all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 4 contracts
Samples: Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc)
Termination or Suspension Under Federal Law. (i) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Employer's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1or 8(g)(1)), all obligations of the Company under this Agreement shall terminate, Employee's employment will terminate as of the effective date of the such order, but vested rights and the provisions of the Employee Subsection 8.e.i) shall not be affectedapply.
Appears in 4 contracts
Samples: Tucker Federal Bank (Eagle Bancshares Inc), Tucker Federal (Eagle Bancshares Inc), Employment and Noncompetition Agreement (Eagle Bancshares Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee ------------------------------------------- is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and or (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 4 contracts
Samples: Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (First Missouri Bancshares Inc), Employment Agreement (First Missouri Bancshares Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4ss.1818(e)(4) and or (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 3 contracts
Samples: Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee Executive is removed and/or permanently prohibited from participating in the conduct of the Company’s 's affairs by an order issued under Sections 8(e)(iv8(c)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 3 contracts
Samples: Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)
Termination or Suspension Under Federal Law. (i1) If the Employee ------------------------------------------- is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (Illinois Community Bancorp Inc), Agreement (Firstfed Bancorp Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. (S) 1818(e)(4) and or (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc)
Termination or Suspension Under Federal Law. (ia) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and or (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but the vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Control Severance Agreement (Iberiabank Corp), Change in Control Severance Agreement (Iberiabank Corp)
Termination or Suspension Under Federal Law. (i1) If the Employee ------------------------------------------- is removed and/or permanently permanently' prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8 (e) (4) or 8(g)(i8 (g) (1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (1855 Bancorp), Employment Agreement (Sandwich Bancorp Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee is ----------------------------------------------- removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (HCB Bancshares Inc), Employment Agreement (HCB Bancshares Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. §1818(e)(4) and or (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee ------------------------------------------- is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8 (e) (4) or 8(g)(i8 (g) (1) of the Federal Deposit Insurance Act (“FDIA”"FDIC") (12 U.S.C. 1818(e)(41818(e) (4) and (g)(1g) (1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (1855 Bancorp), Employment Agreement (Sandwich Bancorp Inc)
Termination or Suspension Under Federal Law. (i) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(ivsection 8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. § 1818(e)(4) and (g)(1g)(l)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (Citizens Community Bancorp Inc.), Employment Agreement (Citizens Community Bancorp Inc.)
Termination or Suspension Under Federal Law. (i) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (River Valley Bancorp), Employment Agreement (River Valley Bancorp)
Termination or Suspension Under Federal Law. (ia) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s 's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and or (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but the vested rights of the Employee parties shall not be affected.
Appears in 2 contracts
Samples: Control Severance Agreement (Iberiabank Corp), Control Severance Agreement (Iberiabank Corp)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. (S) 1818(e)(4) and or (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4(S)1818(e)(4) and or (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i) If i)If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s affairs by an order issued under Sections 8(e)(iv) or 8(g)(i) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee is ------------------------------------------- removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and or (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Samples: Employment Agreement (Tri County Financial Corp /Md/)
Termination or Suspension Under Federal Law. (i1) If the Employee Executive is removed and/or permanently prohibited from participating in the conduct of the Company’s 's affairs by an order issued under Sections 8(e)(iv8(c )(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Samples: Continuation Agreement (Tri County Financial Corp /Md/)
Termination or Suspension Under Federal Law. (i1) If the ------------------------------------------- Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 "FDIA")(12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the ------------------------------------------- Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e) (4) or 8(g)(i8(g) (1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(41818 (e) and (g)(14) or (g) (1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Samples: Employment Agreement (Tri County Financial Corp /Md/)
Termination or Suspension Under Federal Law. (i1) If the ------------------------------------------- Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Association's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Association under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee Executive is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank and the Company under this Agreement shall terminate, as of the effective date of the orderorder without further notice, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(ivss.8(e)(4) or 8(g)(iss.8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4ss.1818(e)(4) and (g)(1)), all obligations of the Company GCB and Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s 's or Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Samples: Eagle Bancshares Inc
Termination or Suspension Under Federal Law. (ia) If the Employee is removed and/or permanently prohibited from participating in the conduct of the CompanyEmployer’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and or (g)(1))) or any similar provision under state law, all obligations of the Employer and the Holding Company under this Agreement shall terminate, as of the effective date of the order, but the vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Association's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Association under this Agreement shall terminate, terminate as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Samples: United Tennessee Bankshares Inc
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company and the Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee is ------------------------------------------- removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Samples: Employment Agreement (First Lancaster Bancshares Inc)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee shall not be affected.Agreement
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee ------------------------------------------- is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e) (4) or 8(g)(i8(g) (1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(41818 (e) and (g)(14) or (g) (1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract
Samples: Employment Agreement (Tri County Financial Corp /Md/)
Termination or Suspension Under Federal Law. (i1) If the Employee is removed and/or permanently prohibited from participating in the conduct of the Company’s Bank's affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“"FDIA”") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Company Bank under this Agreement shall terminate, as of the effective date of the order, but . No such order shall affect the vested rights of the Employee shall not be affectedparties.
Appears in 1 contract
Termination or Suspension Under Federal Law. (i1) If the Employee Executive is removed and/or permanently prohibited from participating in the conduct of the CompanyBank’s affairs by an order issued under Sections 8(e)(iv8(e)(4) or 8(g)(i8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Bank and the Company under this Agreement shall terminate, as of the effective date of the order, but vested rights of the Employee parties shall not be affected.
Appears in 1 contract