Regulatory Action. If Executive is removed and/or permanently prohibited from participating in the conduct of Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of Employer under this Agreement shall terminate, as of the effective date of such order.
Appears in 5 contracts
Sources: Employment Agreement (Northpointe Bancshares Inc), Employment Agreement (Northpointe Bancshares Inc), Employment Agreement (Northpointe Bancshares Inc)
Regulatory Action. If Notwithstanding any other provisions of this Agreement, if the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s 's affairs by an order issued under Section 8(e)(4) or 8(g)(1(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (Act, 12 U.S.C. U.S. C. § 1818(e)(4) and (g)(1)), all obligations of Employer the Corporation under this Agreement shall terminate, terminate as of the effective date of such the order, except for the obligation of the Corporation to pay the Accrued Compensation.
Appears in 3 contracts
Sources: Employment Agreement (Mb Financial Inc /Md), Employment Agreement (Mb Financial Inc /Md), Employment Agreement (Mb Financial Inc /Md)
Regulatory Action. If Notwithstanding any other provisions of this Agreement, if the Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s 's affairs by an order issued under Section 8(e)(4) or 8(g)(1(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (Act, 12 U.S.C. § 1818(e)(4) and (g)(1)), all obligations of Employer the Bank under this Agreement shall terminate, terminate as of the effective date of such the order, except for the obligation of the Bank to pay the Accrued Compensation.
Appears in 2 contracts
Sources: Merger Agreement (Taylor Capital Group Inc), Merger Agreement (Mb Financial Inc /Md)
Regulatory Action. If Notwithstanding any other provisions of this Agreement, 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 8(g)(1(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (Act, 12 U.S.C. U.S. C. § 1818(e)(4) and (g)(1)), all obligations of Employer the Corporation under this Agreement shall terminate, terminate as of the effective date of such the order, except for the obligation of the Corporation to pay the Accrued Compensation.
Appears in 1 contract
Regulatory Action. If Notwithstanding any other provisions of this Agreement, 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 8(g)(1(g)(1) of the Federal Deposit Insurance Act (“FDIA”) (Act, 12 U.S.C. § 1818(e)(4) and (g)(1)), all obligations of Employer the Bank under this Agreement shall terminate, terminate as of the effective date of such the order, except for the obligation of the Bank to pay the Accrued Compensation.
Appears in 1 contract