REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(3) (12 USC §1818(e)(3)) or 8(g)(1) (12 USC §1818(g)(1)) of the Federal Deposit Insurance Act (“FDIA”), the Bank’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, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended.
Appears in 11 contracts
Samples: Employment Agreement (OBA Financial Services, Inc.), Change in Control Agreement (Westbury Bancorp, Inc.), Two Year Change in Control Agreement (OBA Financial Services, Inc.)
REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the BankAssociation’s affairs by a notice served under Section 8(e)(3) (12 USC §1818(e)(3)) or 8(g)(1) (12 USC §1818(g)(1)) of the Federal Deposit Insurance Act (“FDIA”), the BankAssociation’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, the Bank Association may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended.
Appears in 6 contracts
Samples: Employment Agreement (St. Joseph Bancorp, Inc.), Change in Control Agreement (Poage Bankshares, Inc.), Change in Control Agreement (Poage Bankshares, Inc.)
REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s 's affairs by a notice served under Section 8(e)(3) (12 USC §1818(e)(3ss.1818(e)(3)) or 8(g)(1) (12 USC §1818(g)(1ss.1818(g)(1)) of the Federal Deposit Insurance Act (“"FDIA”"), the Bank’s '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, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended.
Appears in 6 contracts
Samples: Change in Control Agreement (OmniAmerican Bancorp, Inc.), Change in Control Agreement (OmniAmerican Bancorp, Inc.), Employment Agreement (OmniAmerican Bancorp, Inc.)
REQUIRED REGULATORY PROVISIONS. (a) If the Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(3) (12 USC §1818(e)(3)) or 8(g)(1) (12 USC §1818(g)(1)) of the Federal Deposit Insurance Act Act, (“FDIA”12 U.S.C. §1818(e)(3) or (g)(1)), the Bank’s obligations under this Agreement contract shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay the Executive all or part of the compensation withheld while its their contract obligations were suspended and (ii) reinstate (in whole or in part) any of its the obligations which were suspended.
Appears in 5 contracts
Samples: Release and Severance Agreement (Mutual Federal Bancorp, Inc.), Release and Severance Agreement (Mutual Federal Bancorp, Inc.), Release and Severance Agreement (Mutual Federal Bancorp, Inc.)
REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(3) (12 USC §U.S.C. § 1818(e)(3)) or 8(g)(1) (12 USC §U.S.C. § 1818(g)(1)) of the Federal Deposit Insurance Act (“FDIA”), the Bank’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, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended.
Appears in 5 contracts
Samples: Employment Agreement (Brooklyn Federal Bancorp, Inc.), Employment Agreement (Brooklyn Federal Bancorp, Inc.), Employment Agreement (Brooklyn Federal Bancorp, Inc.)
REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(3) (12 USC U.S.C. §1818(e)(3)) or 8(g)(1) (12 USC U.S.C. §1818(g)(1)) of the Federal Deposit Insurance Act (“FDIA”)Act, the Bank’s obligations under this Agreement shall be suspended as of the date of service, unless stayed by in appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in part) any of its obligations which that were suspended.
Appears in 4 contracts
Samples: Employment Agreement (Wolverine Bancorp, Inc.), Employment Agreement (Wolverine Bancorp, Inc.), Employment Agreement (Wolverine Bancorp, Inc.)
REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(3) ([12 USC §1818(e)(3)) ] or 8(g)(1) ([12 USC §1818(g)(1)) ] of the Federal Deposit Insurance Act (“FDIA”)Act, the Bank’s obligations under this Agreement contract shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended.
Appears in 3 contracts
Samples: Two Year Change in Control Agreement (Standard AVB Financial Corp.), Change in Control Agreement (Standard AVB Financial Corp.), One Year Change in Control Agreement (FFBW, Inc.)
REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section section 8(e)(3) (12 USC §1818(e)(3)) , or section 8(g)(1) (12 USC §1818(g)(1)) , of the Federal Deposit Insurance Act [12 U.S.C. §1818(e)(3) and (“FDIA”g) (1)], the Bank’s obligations under this the Agreement shall be suspended as of the date of service, service of the notice unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion shall (i) pay Executive all or part of the compensation withheld while its contract their obligations under this Agreement were suspended suspended, and (ii) reinstate (in whole or in part) any of its such obligations which as were suspended.
Appears in 1 contract
REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(3) (12 USC §1818(e)(3)) or 8(g)(1) (12 USC §1818(g)(1)) of the Federal Deposit Insurance Act Act, 12 U.S.C. §1818(e)(3) or (“FDIA”g)(1), ; the Bank’s obligations under this Agreement contract shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion discretion: (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended.
Appears in 1 contract
Samples: Monarch Community Bank Employment Agreement (Monarch Community Bancorp Inc)
REQUIRED REGULATORY PROVISIONS. (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s 's affairs by a notice served under Section 8(e)(3) (12 USC §1818(e)(3)) or 8(g)(1) (12 USC §1818(g)(1)) of the Federal Deposit Insurance Act (“"FDIA”"), the Bank’s '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, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended.
Appears in 1 contract
Samples: One Year Change in Control Agreement (Poage Bankshares, Inc.)