Regulatory Requirement. The Bank shall not be required to make payment of, or provide any benefit under, this Section 5 to the extent such payment or benefit is prohibited by the regulations presently found at 12 C.F.R. Part 359, as amended, or to the extent that any other governmental approval for the payment or benefit that is required by law is not received.
Appears in 5 contracts
Samples: Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)
Regulatory Requirement. The Bank shall not be required to make payment of, or provide any benefit under, this Section 5 Agreement to the extent such payment or benefit is prohibited by the regulations presently found at 12 C.F.R. Part 359, as amended, or to the extent that any other governmental approval for the payment or benefit that is required by law is not received.
Appears in 2 contracts
Samples: Retention and Consulting Agreement (American National Bankshares Inc.), Employment Agreement (American National Bankshares Inc.)
Regulatory Requirement. The Bank shall not be required to make payment of, or provide any benefit under, this Section 5 4 to the extent such payment or benefit is prohibited by the regulations presently found at 12 C.F.R. Part 359, as amended, 359 or to the extent that any other governmental approval for the payment or benefit that is required by law is not received.
Appears in 2 contracts
Samples: Employment Agreement (Blue Ridge Bankshares, Inc.), Employment Agreement (Blue Ridge Bankshares, Inc.)
