Default Under FDIA. If the Corporation or the Bank is in default (as defined in Section 3(x)( I ) of the FDIA), all obligations under this Agreement shall terminate as of the date of default, but this Section shall not affect any rights of the Corporation and the Bank and Executive accrued under this Agreement as of the effective date of default.
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Samples: Employment Agreement (Level One Bancorp Inc), Employment Agreement (Level One Bancorp Inc)
Default Under FDIA. If the Corporation or the Bank is in default (default, as defined in Section 3(x)( I 3(x)(1) of the FDIAFDIA (12 U.S.C. Section 1813[x][1]), all obligations under this Agreement shall terminate as of the date of default, but this Section shall not affect any vested rights of the Corporation Employee and the Bank and Executive accrued under this Agreement as of the effective date of defaulttermination shall be not affected.
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Samples: Employment Agreement (Citizens Community Bancorp Inc)
Default Under FDIA. If the Corporation or the Bank is in default ([as defined in Section 3(x)( I section 3(x)(1) of the FDIA)Federal Deposit Insurance Act], all obligations under this Agreement shall terminate as of the date of default, but this Section subsection of this Agreement shall not affect any the Employee's vested rights of the Corporation and the Bank and Executive accrued under this Agreement as of the effective date of defaultif any.
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Default Under FDIA. If the Corporation or the Bank is in default (as defined in Section 3(x)( I 3(x)(I) of the FDIA), all obligations under this Agreement shall terminate as of the date of default, but this Section shall not affect any rights of the Corporation and the Bank and Executive accrued under this Agreement as of the effective date of default.
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