Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 29 contracts
Samples: Employment Agreement (MFS Financial Inc), Employment Agreement (Evertrust Financial Group Inc), Employment Agreement (Evertrust Financial Group Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 14 contracts
Samples: Employment Agreement (Capitol Federal Financial, Inc.), Employment Agreement (Mutualfirst Financial Inc), Employment Agreement (Mutualfirst Financial Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), or pursuant to R.C.W. 32.16.090, all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 7 contracts
Samples: Employment Agreement (Timberland Bancorp Inc), Employment Agreement (Timberland Bancorp Inc), Employment Agreement (Timberland Bancorp Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (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 contracting parties shall not be affected.. (g)
Appears in 7 contracts
Samples: Employment Agreement (Citizens Community Bancorp Inc.), Employment Agreement (Citizens Community Bancorp), Employment Agreement (Citizens Community Bancorp)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), or pursuant to R.C.W. Section 30.12.040, all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 6 contracts
Samples: Control Severance Agreement (First Financial Northwest, Inc.), Involuntary Termination Agreement (First Financial Northwest, Inc.), Change in Control Severance Agreement (First Financial Northwest, Inc.)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), or pursuant to R.C.W. 32.16.090, all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 5 contracts
Samples: Form of Employment Agreement (Anchor Bancorp), Control Severance Agreement (Anchor Bancorp), Employment Agreement (First Financial Northwest, Inc.)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 5 contracts
Samples: Employment Agreement (Sound Financial, Inc.), Employment Agreement (Sound Financial, Inc.), Employment Agreement (Sound Financial, Inc.)
Permanent Suspension or Prohibition. If the Employee is removed ----------------------------------- and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. (S) 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 5 contracts
Samples: Employment Agreement (Niagara Bancorp Inc), Employment Agreement (Ambanc Holding Co Inc), Employment Agreement (Ambanc Holding Co Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 5 contracts
Samples: Change in Control Severance Agreement (Security Federal Corp), Change in Control Severance Agreement (Security Federal Corp), Control Severance Agreement (Security Federal Corp)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 4 contracts
Samples: Employment Agreement (Bryan College Station Financial Holding Co), Employment Agreement (Bryan College Station Financial Holding Co), Employment Agreement (Bryan College Station Financial Holding Co)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1g)(l) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (g)(1g)(l), all obligations of the Bank Company under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 4 contracts
Samples: Employment Agreement (LSB Financial Corp), Employment Agreement (LSB Financial Corp), Employment Agreement (LSB Financial Corp)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1g)(I) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 4 contracts
Samples: Employment Agreement (Mutualfirst Financial Inc), Employment Agreement (Mutualfirst Financial Inc), Employment Agreement (Mutualfirst Financial Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Savings Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), or pursuant to R.C.W. Section 30.12.040, all obligations of the Savings Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 3 contracts
Samples: Control Severance Agreement (First Financial Northwest, Inc.), Change in Control Severance Agreement (First Financial Northwest, Inc.), Change in Control Severance Agreement (First Financial Northwest, Inc.)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(48 (e) (4) or (g)(1g) (1) of the FDIA, 12 U.S.C. ss. 1818(e)(4§ 1818 (e) (4) and (g)(1g) (1), all obligations of the Company and the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 3 contracts
Samples: Severance Agreement (Community Financial Corp /Va/), Severance Agreement (Community Financial Corp /Va/), Severance Agreement (Community Financial Corp /Va/)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Savings Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), or pursuant to R.C.W. 32.16.090, all obligations of the Savings Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 3 contracts
Samples: Employment Agreement (Rainier Pacific Financial Group Inc), Employment Agreement (Home Federal Bancorp Inc), Employment Agreement (Home Federal Bancorp Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. 1818(e)(4) and (g)(1), all obligations of the Bank Holding Company under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (Franklin Ben Financial Inc), Employment Agreement (Peekskill Financial Corp)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), or pursuant to R.C.W. Section 30.12.040, all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 2 contracts
Samples: Employment Agreement (Heritage Financial Corp /Wa/), Employment Agreement (Heritage Financial Corp /Wa/)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 2 contracts
Samples: Agreement (ViewPoint Financial Group Inc.), Agreement (ViewPoint Financial Group)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (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 contracting parties shall not be affected.. (h)
Appears in 2 contracts
Samples: Employment Agreement (Mutualfirst Financial Inc), Employment Agreement (Mutualfirst Financial Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. 1818(e)(4§ 18l8(e)(4) and (g)(1), all obligations of the Company and the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Savings Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), all obligations of the Savings Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. §1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 1 contract
Samples: Employment Agreement (Alaska Pacific Bancshares Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1g)(l) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Savings Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), or pursuant to R.C.W. 32.16.090, all obligations of the Savings Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 1 contract
Samples: Employment Agreement (First Financial Northwest, Inc.)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (g)(1), all obligations of the Bank Company under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (g)(1), all obligations of the Company and the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.. 3NEXT PAGE
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. ' 1818(e)(4) and (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 contracting parties shall not be affected.
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Savings Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), all obligations of the Bank Company under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee 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)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (g)(1), all obligations of the Bank Employers under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 1 contract
Samples: Employment Agreement (Sound Financial Bancorp, Inc.)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), or pursuant to R.C.W. Section 32.16.090, all obligations of the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (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 contracting parties shall not be affected.. (d)
Appears in 1 contract
Samples: Change in Control Severance Agreement (First Pactrust Bancorp Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (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 contracting parties shall not be affected.. 5NEXT PAGE
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. § 1818(e)(4) and (g)(1), all obligations of the Company and the Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.. 3 Next Page
Appears in 1 contract
Permanent Suspension or Prohibition. If the Employee Executive is removed and/or or permanently prohibited from participating in the conduct of the Bank's affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. ss. 1818(e)(4) and (g)(1), all obligations of the Bank under this Agreement shall will terminate as of the effective date of the order, but vested rights of the contracting parties shall will not be affected.
Appears in 1 contract
Samples: Employment Agreement (First Niagara Financial Group Inc)
Permanent Suspension or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of the Savings Bank's ’s affairs by an order issued under Section 8(e)(4) or (g)(1g) (1) of the FDIA, 12 U.S.C. ss. Section 1818(e)(4) and (g)(1), all obligations of the Savings Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.
Appears in 1 contract
Samples: Employment Agreement (Provident Financial Holdings Inc)
