Removal or Prohibition. If Employee is removed and/or permanently prohibited from participating in the conduct of German American’s affairs by an order issued under section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. § 1818(e)(4) or (g)(1)), all obligations of German American under this Agreement shall terminate as of the effective date of the order and shall be considered a termination of Employee by German American pursuant to Paragraph 10 of this Agreement.
Appears in 5 contracts
Samples: Transition Employment Agreement (German American Bancorp, Inc.), Transition Employment Agreement (German American Bancorp, Inc.), Transition Employment Agreement (German American Bancorp, Inc.)
Removal or Prohibition. If the Employee is removed and/or permanently prohibited from participating in the conduct of German American’s 's affairs by an order issued under section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. § 1818(e)(4) or (g)(1)), all obligations of German American under this Agreement shall terminate as of the effective date of the order and shall be considered a termination subject to the payment of Employee by German American pursuant to Paragraph 10 of this Agreementany amounts earned but not yet paid.
Appears in 1 contract
Samples: Transition Retention Agreement (German American Bancorp, Inc.)
