Common use of Other Termination Provisions Clause in Contracts

Other Termination Provisions. (a) If the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Company’s affairs by a notice served under section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), the Company’s obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed or otherwise withdrawn, the Company shall (but subject in all events to the requirements of Section 409A of the Code) (i) pay the Executive all of the compensation withheld while the Company’s obligations under this Agreement were suspended, and (ii) reinstate all of its obligations which were suspended.

Appears in 3 contracts

Samples: Employment Agreement (Broadway Financial Corp \De\), Employment Agreement (Broadway Financial Corp \De\), Employment Agreement (Broadway Financial Corp \De\)

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Other Termination Provisions. (a) If the Executive is suspended and/or temporarily prohibited from participating in the conduct of the CompanyBank’s affairs by a notice served under section Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. § 1818(e)(3) or (g)(1)), the CompanyBank’s obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed or otherwise withdrawndismissed, the Company Bank shall (but subject in all events to the requirements of Section 409A of the CodeCode and applicable law) (i) pay the Executive all or part of the compensation withheld while the Company’s its obligations under this Agreement were suspended, and (ii) reinstate all (in whole or in part) any of its obligations which were suspended.

Appears in 2 contracts

Samples: Employment Agreement (S&t Bancorp Inc), Employment Agreement (S&t Bancorp Inc)

Other Termination Provisions. (a) If the Executive is suspended and/or temporarily prohibited from participating articipating in the conduct of the Company’s 's affairs by a notice served under section 8(e)(3(e)(3) or (g)(1g)(l) of the ofthe Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1g)(l)), the Company’s 's obligations under this Agreement shall be suspended as of the date of service unless nless stayed by appropriate proceedings. .If the charges in the notice are dismissed or otherwise therwise withdrawn, the Company shall (but subject in all events to the requirements of Section ection 409A of the Code) (i) pay the Executive all of the compensation withheld while the Company’s obligations under this Agreement were suspended, and (ii) reinstate all of its obligations which were suspended.while

Appears in 1 contract

Samples: Employment Agreement (Broadway Financial Corp \De\)

Other Termination Provisions. (a) If the Executive is suspended and/or temporarily prohibited from participating in the conduct of the CompanyBank’s affairs by a notice served under section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1)), the CompanyBank’s obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed or otherwise withdrawndismissed, the Company shall Bank may in its discretion (but subject in all events to the requirements of Section 409A of the Code) Code (i) pay the Executive all or part of the compensation withheld while the Company’s its obligations under this Agreement were suspended, and (ii) reinstate all (in whole or in part) any of its obligations which were suspended.

Appears in 1 contract

Samples: Severance Agreement (Trinity Capital Corp)

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Other Termination Provisions. (a) If the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Company’s affairs by a notice served under section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) or (g)(1g) (1)), the Company’s obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed or otherwise withdrawn, the Company shall (but subject in all events to the requirements of Section 409A of the Code) (i) pay the Executive all of the compensation withheld while the Company’s obligations under this Agreement were suspended, and (ii) reinstate all of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Broadway Financial Corp \De\)

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