Common use of Termination Pursuant to Order Clause in Contracts

Termination Pursuant to Order. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. ss.1818(e)(4) or (g)(1)), all obligations of the Company and Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the Company, the Bank and the Executive shall not be affected.

Termination Pursuant to Order. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. ss.1818(e)(41818(e)(4) or (g)(1)), all obligations of the Company and Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the Company, the Bank and the Executive shall not be affected.

Termination Pursuant to Order. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. ss.1818(e)(4section 1818(e)(4) or (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 Company, the Bank and the Executive shall not be affected.

Termination Pursuant to Order. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. ss.1818(e)(4) or (g)(1)), all obligations of the Company and Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the Company, the Bank and the Executive shall not be affected.

Termination Pursuant to Order. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. ss.1818(e)(4Section1818(e)(4) or (g)(1)), all obligations of the Company and Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the Company, the Bank and the Executive shall not be affected.

Termination Pursuant to Order. If the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1g)(l) of the Federal Deposit Insurance Act (12 U.S.C. ss.1818(e)(4Section 1818(e)(4) or (g)(1g)(l)), all obligations of the Company and Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the Company, the Bank and the Executive shall not be affected.