Common use of Appropriate Proceedings Clause in Contracts

Appropriate Proceedings. If the charges in the notice are dismissed, the Bank may in its discretion: (i) pay Executive all or part of the compensation withheld while their contract obligations were suspended; and (ii) reinstate (in whole or in part) any of the obligations which were suspended.

Appears in 2 contracts

Sources: Employment Agreement (Northeast Pennsylvania Financial Corp), Employment Agreement (Bay State Bancorp Inc)

Appropriate Proceedings. If the charges in the notice are dismissed, the Bank may may, in its discretion: (i) pay Executive all or part of the compensation withheld while their contract obligations were suspended; and (ii) reinstate (in whole or in part) any of the obligations which were suspended.

Appears in 2 contracts

Sources: Merger Agreement (Kentucky First Federal Bancorp), Merger Agreement (Frankfort First Bancorp Inc)