Default of the Bank. If the Bank is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement shall terminate as of the date of default, and shall be considered a termination of Executive by the Bank for Just Cause.
Appears in 2 contracts
Sources: Supplemental Executive Retirement Agreement (German American Bancorp, Inc.), Supplemental Executive Retirement Agreement (German American Bancorp, Inc.)