Additional Regulatory Requirements. Notwithstanding anything contained in this Agreement to the contrary, it is understood and agreed that the Bank (or any of its successors in interest) shall not be required to make any payment or take any action under this Agreement if:
Appears in 26 contracts
Samples: Employment Agreement (Carolina Trust BancShares, Inc.), Employment Agreement (Carolina Trust BancShares, Inc.), Executive Employment Agreement (Carolina Trust BancShares, Inc.)
Additional Regulatory Requirements. Notwithstanding anything contained in this Agreement to the contrary, it is understood and agreed that the Bank (or any of its successors in interest) shall not be required to make any payment or take any action under this Agreement if:if (a) the Bank is declared by any Regulatory Authority to be insolvent, in default or operating in an unsafe or unsound manner, (b) such payment or action would be prohibited by or would violate any Law or (c) such payment or action otherwise would be prohibited by any Regulatory Authority.
Appears in 4 contracts
Samples: Employment Agreement (Oak Ridge Financial Services, Inc.), Employment Agreement (Oak Ridge Financial Services, Inc.), Employment Agreement (M&f Bancorp Inc /Nc/)
Additional Regulatory Requirements. Notwithstanding anything contained in this Agreement to the contrary, it is understood and agreed that the Bank (or any of its successors in interest) shall not be he required to make any payment or take any action under this Agreement if:
Appears in 1 contract
Samples: Employment Agreement (Yadkin Valley Financial Corp)
Additional Regulatory Requirements. Notwithstanding anything contained in this Agreement to the contrary, it is understood and agreed that the Bank (or any of its successors in interest) shall not be required to make any payment or take any action under this Agreement if:this
Appears in 1 contract
Additional Regulatory Requirements. Notwithstanding anything contained ---------------------------------- in this Agreement to the contrary, it is understood and agreed that the Bank (or any of its successors in interest) shall not be required to make any payment or take any action under this Agreement if:
Appears in 1 contract
