Common use of Troubled Institution Limitation Clause in Contracts

Troubled Institution Limitation. All Benefit payments hereunder are subject to the limitations on golden parachute and indemnification payments set forth in 12 USC §1823(k), the regulations promulgated thereunder, and other law that prohibits payment of any portion of Benefits by the Company to Employee by the Company. To the extent possible, this limitation shall be applied by reducing only the portion of Benefits that exceed such legal limitation.

Troubled Institution Limitation. All Benefit payments hereunder are subject to the limitations on golden parachute and indemnification payments set forth in 12 USC §1823(k), the regulations promulgated thereunder, and other law that prohibits payment of any portion of Benefits by the Company to Employee by the Company. To the extent possible, this limitation shall be applied by reducing only the portion of Benefits that exceed such legal limitation.

Troubled Institution Limitation. All Benefit payments and benefits hereunder are subject to the limitations on golden parachute and indemnification payments set forth in 12 USC §1823(k), the regulations promulgated thereunder, and other law that prohibits payment of any portion of Benefits by the Company payments under this Agreement to Employee Executive by the Company. To the extent possible, this limitation shall be applied by reducing only the portion of Benefits payments and benefits that exceed such legal limitation.

Troubled Institution Limitation. All Benefit payments hereunder are subject to the limitations on golden parachute and indemnification payments set forth in 12 USC §1823(kss.1823(k), the regulations promulgated thereunder, and other law that prohibits payment of any portion of Benefits by the Company to Employee by the Company. To the extent possible, this limitation shall be applied by reducing only the portion of Benefits that exceed such legal limitation.

Troubled Institution Limitation. All Benefit payments hereunder are subject to the limitations on golden parachute and indemnification payments set forth in 12 USC §Section 1823(k), the regulations promulgated thereunder, and other law that prohibits payment of any portion of Benefits by the Company CompanY to Employee by the Company. To the extent possible, this limitation shall be applied by reducing only the portion of Benefits that exceed such legal limitation.

Troubled Institution Limitation. All Benefit payments hereunder are subject to the limitations on golden parachute and indemnification payments set forth in 12 USC §U.S.C. Section 1823(k), the regulations promulgated thereunder, and other law that prohibits payment of any portion of Benefits by the Company to Employee by the Company. To the extent possible, this limitation shall be applied by reducing only the portion of Benefits that exceed such legal limitation.