Regulatory Exclusions. Notwithstanding anything herein to the contrary, any payments made hereunder pursuant to the Plan, or otherwise, shall be subject to and conditioned upon compliance with 12 ▇.▇.▇.▇▇. 1828(k) and any regulations promulgated thereunder. Notwithstanding any other provision, any non-vested Director Emeritus Fees shall not be paid to a Participant who has been removed from the Board of Directors pursuant to 12 ▇.▇.▇.▇▇. 1818(e).
Appears in 3 contracts
Sources: Director Emeritus Plan (Marion Capital Holdings Inc), Director Emeritus Plan (Marion Capital Holdings Inc), Director Emeritus Plan (Marion Capital Holdings Inc)