Common use of REQUIRED REGULATORY PROVISIONS Clause in Contracts

REQUIRED REGULATORY PROVISIONS. (a) The board of directors may terminate Executive's employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 17 contracts

Samples: Control Agreement (Bay State Bancorp Inc), Control Agreement (First Place Financial Corp /De/), Control Agreement (First Place Financial Corp /De/)

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REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate Executive's ’s employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove, or after resignation for reasons other than those specified in paragraph 2(b) above.

Appears in 13 contracts

Samples: Change in Control Agreement (Ucbh Holdings Inc), Change in Control Agreement (Ucbh Holdings Inc), Change in Control Agreement (Ucbh Holdings Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board Bank's Board of directors Directors may terminate the Executive's employment at any time, but any termination by the board Bank's Board of directorsDirectors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 8 hereinabove.

Appears in 13 contracts

Samples: Employment Agreement (Wayne Savings Bancshares Inc /De/), Employment Agreement (Wayne Savings Bancshares Inc /De/), Employment Agreement (Alliance Bancorp)

REQUIRED REGULATORY PROVISIONS. (a) The board Board of directors Directors may terminate the Executive's ’s employment at any time, but any termination by the board Board of directorsDirectors, other than Termination for Cause, shall not prejudice the Executive's ’s right to compensation or other benefits under this Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 3 hereinabove.

Appears in 11 contracts

Samples: Change in Control and Non Competition Agreement (Harbor Florida Bancshares Inc), Change in Control Agreement (Eagle Bancorp Montana, Inc.), Change in Control Agreement (Eagle Bancorp Montana, Inc.)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors may terminate Executive's employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 2(c) hereinabove.

Appears in 9 contracts

Samples: First Federal (Northeast Pennsylvania Financial Corp), Control Agreement (West Essex Bancorp Inc), Control Agreement (Security of Pennsylvania Financial Corp)

REQUIRED REGULATORY PROVISIONS. (aA) The board Board of directors Directors may terminate Executive's ’s employment at any time, but any termination by the board Board of directorsDirectors, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove4 above.

Appears in 8 contracts

Samples: Change in Control Severance Agreement (Dimeco Inc), Change in Control Severance Agreement (Dimeco Inc), Change in Control Severance Agreement (Dimeco Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board Board of directors Directors may terminate the Executive's employment at any time, but any termination by the board Board of directorsDirectors, other than Termination for Cause, shall not prejudice the Executive's right to compensation or other benefits under this Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 3 hereinabove.

Appears in 6 contracts

Samples: Change in Control and Non Competition Agreement (Harbor Florida Bancshares Inc), Change in Control and Non Competition Agreement (Harbor Florida Bancshares Inc), Control Agreement (Harbor Florida Bancorp Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Association may terminate Executive's employment at any time, but any termination by the board of directors, Association's Board other than Termination for Cause, Cause as defined in Section 10 hereof shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the no right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveCause.

Appears in 5 contracts

Samples: Employment Agreement (OC Financial Inc), Employment Agreement (OC Financial Inc), Employment Agreement (OC Financial Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate the Executive's employment at any time, but any termination by the board of directors, Board other than Termination for Cause, shall not prejudice the Executive's right to compensation or other benefits under this Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 5 contracts

Samples: Change in Control Agreement (Haverfield Corp), Change in Control Agreement (Haverfield Corp), Change in Control Agreement (Haverfield Corp)

REQUIRED REGULATORY PROVISIONS. (a) The board Board of directors Directors may terminate the Executive's ’s employment at any time, but any termination by the board Board of directorsDirectors, other than Termination for CauseCause after a Change in Control, shall not prejudice the Executive's ’s right to compensation or other benefits under this Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 3 hereinabove.

Appears in 4 contracts

Samples: Change in Control Agreement (Eagle Bancorp Montana, Inc.), Change in Control Agreement (Eagle Bancorp Montana, Inc.), Change in Control Agreement (Eagle Bancorp Montana, Inc.)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate the Executive's employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice the Executive's right to compensation or other benefits under this the Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveherein above.

Appears in 3 contracts

Samples: Control Agreement (Harris Financial Inc), Employment Agreement (Harris Financial Inc), Employment Agreement (Harris Financial Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors may terminate Executive's ’s employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 3 contracts

Samples: Two Year Change in Control Agreement (Oceanfirst Financial Corp), Two Year Change in Control Agreement (Oceanfirst Financial Corp), Two Year Change in Control Agreement (Oceanfirst Financial Corp)

REQUIRED REGULATORY PROVISIONS. (a) The board Board of directors Directors may terminate the Executive's employment at any time, but any termination by the board Board of directorsDirectors, other than Termination for Cause, shall not prejudice the Executive's right to compensation or other benefits under this Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 3 contracts

Samples: Control Agreement (Quaker City Bancorp Inc), Control Agreement (Quaker City Bancorp Inc), Control Agreement (First Palm Beach Bancorp Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate the Executive's employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice the Executive's right to compensation or other benefits under this the Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 2 contracts

Samples: Agreement (Harris Financial Inc), Agreement (Harris Financial Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate the Executive's employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice the Executive's right to compensation or other benefits under this the Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveherein above. The provisions of the Office of Thrift Supervision ("OTS") regulations governing employment controls as set forth in 12 C.F.R. ss. 563.39 Employment Controls, are incorporated herein by reference.

Appears in 2 contracts

Samples: Change in Control Agreement (Waypoint Financial Corp), Change in Control Agreement (Waypoint Financial Corp)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate Executive's employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveof this Agreement.

Appears in 2 contracts

Samples: Control Agreement (Bostonfed Bancorp Inc), Control Agreement (First Federal Bancshares Inc /De)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors may terminate Executive's employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.. 5

Appears in 2 contracts

Samples: Control Agreement (Ucbh Holdings Inc), Control Agreement (Pulaski Bancorp Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board Board of directors Directors may terminate the Executive's ’s employment at any time, but any termination by the board Board of directorsDirectors, other than Termination for Cause, shall not prejudice the Executive's ’s right to compensation or other benefits under this Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 2 contracts

Samples: Change in Control Agreement (Quaker City Bancorp Inc), Change in Control Agreement (Quaker City Bancorp Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board Bank’s Board of directors Directors may terminate the Executive's ’s employment at any time, but any termination by the board Bank’s Board of directorsDirectors, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 8 hereinabove.

Appears in 2 contracts

Samples: Employment Agreement (Wayne Savings Bancshares Inc /De/), Employment Agreement (Wayne Savings Bancshares Inc /De/)

REQUIRED REGULATORY PROVISIONS. (a) The board Board of directors Directors of the Bank may terminate the Executive's employment at any time, but any termination by the board of directorssuch Board, other than Termination for Cause, or termination due to death or Disability shall not prejudice the Executive's right to compensation or other benefits under this Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 1 contract

Samples: Special Termination Agreement (MSB Bancorp Inc /De)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate the Executive's employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice the Executive's right to compensation or other benefits under this the Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveherein above.

Appears in 1 contract

Samples: Employment Agreement (Waypoint Financial Corp)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Employer may terminate Executive's ’s employment at any time, but any termination by the board of directors, directors other than Termination termination for Cause, Cause shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the no right to receive compensation or other benefits for any period after Termination termination for Cause as defined in Section 2 hereinaboveCause.

Appears in 1 contract

Samples: Employment Agreement (Eagle Bancorp Montana, Inc.)

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REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate Executive's ’s employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveof this Agreement.

Appears in 1 contract

Samples: Change in Control Agreement (First Federal Bancshares Inc /De)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate Executive's employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove8 herein.

Appears in 1 contract

Samples: Employment Agreement (Haverfield Corp)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate Executive's ’s employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other .other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 1 contract

Samples: Two Year Change in Control Agreement (Oceanfirst Financial Corp)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate the Executive's employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice the Executive's right to compensation or other benefits under this Agreement. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 1 contract

Samples: Change in Control Agreement (Harris Financial Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate the Executive's ’s employment at any time, but any termination by the board Board of directorsDirectors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 8 hereinabove.

Appears in 1 contract

Samples: Employment Agreement (Wayne Savings Bancshares Inc /De/)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Board may terminate Executive's ’s employment at any time, but any termination by the board of directorsBoard, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveherein above, or after resignation for reasons other than those specified in paragraph 2(b) above.

Appears in 1 contract

Samples: Change in Control Agreement (Ucbh Holdings Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors Company may terminate Executive's the Executive Chairman’s employment at any time, but any termination by the board of directorstermination, other than Termination for Cause, shall not prejudice Executive's the Executive Chairman’s right to compensation or other benefits under this Agreement. The Executive Chairman shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove9 herein.

Appears in 1 contract

Samples: Executive Chairman Employment Agreement (New Hampshire Thrift Bancshares Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board Bank’s Board of directors Directors may terminate the Executive's ’s employment at any time, but any termination by the board Bank’s Board of directorsDirectors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 7 hereinabove.

Appears in 1 contract

Samples: Wayne Savings Community Bank Employment Agreement (Wayne Savings Bancshares Inc /De/)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors may terminate Executive's employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveof this Agreement.

Appears in 1 contract

Samples: Control Agreement (Pulaski Bancorp Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors may terminate Executive's employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 1 contract

Samples: Trust Termination and Change in Control Agreement (PFF Bancorp Inc)

REQUIRED REGULATORY PROVISIONS. (a) The board of directors may terminate Executive's ’s employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinabove.

Appears in 1 contract

Samples: Termination and Change in Control Agreement (PFF Bancorp Inc)

REQUIRED REGULATORY PROVISIONS. (a) The Bank's board of directors may terminate Executive's employment at any time, but any termination by the board of directors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 8 hereinabove.

Appears in 1 contract

Samples: Employment Agreement (Brooklyn Federal Bancorp, Inc.)

REQUIRED REGULATORY PROVISIONS. (a) The board Bank's Board of directors Directors may terminate the Executive's employment at any time, but any termination by the board Bank's Board of directorsDirectors, other than Termination for Cause, shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 7 hereinabove.

Appears in 1 contract

Samples: Employment Agreement (Wayne Savings Bancshares Inc /De/)

REQUIRED REGULATORY PROVISIONS. (aA) The board Board of directors Directors may terminate Executive's ’s employment at any time, but any termination by the board Board of directorsDirectors, other than Termination for Cause, shall not prejudice Executive's ’s right to compensation or other benefits under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 2 hereinaboveCause.

Appears in 1 contract

Samples: First Place Bank Change in Control Severance Agreement (First Place Financial Corp /De/)

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