Apportionment of Obligations. In the event the Company becomes a party to this Agreement, the obligations for the payment of the amounts otherwise payable pursuant to this Section 3 and in Section 4 shall be apportioned between the Company and the Bank as they may agree from time to time in their sole discretion. The satisfaction of the obligations in this Section 3 and Section 4 shall be subject to any approvals or non-objections from, and any conditions or restrictions imposed by, any regulator of the Employer.
Appears in 4 contracts
Samples: Employment Agreement (Park Sterling Corp), Employment Agreement (Park Sterling Corp), Employment Agreement (Park Sterling Corp)
