Forfeiture Due to Regulatory Restrictions. Anything in this Agreement or the SERP to the contrary notwithstanding, (i) any payments made pursuant to this Agreement or the SERP shall be subject to and conditioned upon compliance with 12 U.S.C. §1828(k) and any regulations promulgated thereunder; and (ii) payments contemplated to be made by the Bank pursuant to this Agreement or the SERP shall not be immediately payable to the extent such payments are barred or prohibited by an action or order issued by the Connecticut Banking Commissioner or the Federal Deposit Insurance Corporation.
Appears in 25 contracts
Samples: Employment Agreement (United Financial Bancorp, Inc.), Employment Agreement (Rockville Financial, Inc. /CT/), Employment Agreement (Rockville Financial, Inc. /CT/)
Forfeiture Due to Regulatory Restrictions. Anything in this Agreement or the SERP SERPS to the contrary notwithstanding, (i) any payments made pursuant to this Agreement or the SERP SERPS shall be subject to and conditioned upon compliance with 12 U.S.C. §1828(k) and any regulations promulgated thereunder; and (ii) payments contemplated to be made by the Bank pursuant to this Agreement or the SERP SERPS shall not be immediately payable to the extent such payments are barred or prohibited by an action or order issued by the Connecticut Banking Commissioner or the Federal Deposit Insurance Corporation.
Appears in 4 contracts
Samples: Employment Agreement (Rockville Financial Inc.), Employment Agreement (Rockville Financial Inc.), Employment Agreement (Rockville Financial Inc.)
