Additional Termination and Suspension Provisions. (a) If the Officer is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected.
Appears in 7 contracts
Samples: Employment Agreement (Dime Bancorp Inc), Employment Agreement (Dime Bancorp Inc), Employment Agreement (Dime Bancorp Inc)
Additional Termination and Suspension Provisions. (a) If the Officer is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(38(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(31818(e)(4) or (g)(1)), all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected.
Appears in 1 contract
Additional Termination and Suspension Provisions. (a) If the Officer 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)(38(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(31818(e)(4) or (g)(1)), all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected.
Appears in 1 contract
Additional Termination and Suspension Provisions. (a) If the Officer ------------------------------------------------ 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)(38(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(31818(e)(4) or (g)(1)), all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected.
Appears in 1 contract
Additional Termination and Suspension Provisions. (a) If the Officer 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)(38(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected.U.S.C.
Appears in 1 contract
Additional Termination and Suspension Provisions. (a) If the ------------------------------------------------ Officer is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected.
Appears in 1 contract
