Common use of Suspension and Removal Orders Clause in Contracts

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of Bank’s affairs by notice served under Section 8 (e) (3) or 8 (g) (1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3) and (g) (1)), 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, Bank may in its discretion: (i) pay Executive all or part of the compensation withheld while its obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If Executive is removed and/or permanently prohibited from participating in the conduct of Bank’s affairs by an order issued under Section 8 (e) (3) or 8 (g) (1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3) or (g) (1)), all obligations of Bank under this Agreement shall terminate as of the Effective date of the order, but vested rights of the parties shall not be affected.

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of Bankthe Company’s affairs by notice served under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(3) and (g) (1g)(1)), Bankthe Company’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, Bank may in its discretion: the Company shall (to the fullest extent permitted by law): (i) pay Executive all or part of the compensation withheld while its obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If Executive is removed and/or permanently prohibited from participating in the conduct of Bankthe Company’s affairs by an order issued under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(3) or (g) (1g)(1)), all obligations of Bank the Company under this Agreement shall terminate as of the Effective effective date of the order, but vested rights of the parties shall not be affected.

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by notice served under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3181 8(e)(3) and (g) (1g)(1)), 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 obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If 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) (38(e)(4) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3181 8(e)(4) or (g) (1g)(1)), all obligations of the Bank under this Agreement shall terminate as of the Effective effective date of the order, but vested rights of the parties shall not be affected.

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by notice served under Section 8 (e) (3) or 8 (g) (1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3) and (g) (1)), 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 obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If 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) (3) or 8 (g) (1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3) or (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 parties shall not be affected.

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s 's affairs by notice served under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(3) and (g) (1g)(1)), 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 Executive's all or part of the compensation withheld while its obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If Executive 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) (38(e)(4) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(4) or (g) (1g)(1)), all obligations of the Bank under this Agreement shall terminate as of the Effective effective date of the order, but vested rights of the parties shall not be affected.

Suspension and Removal Orders. If Executive is you are suspended and/or temporarily prohibited from participating in the conduct of the Bank’s 's affairs by notice served under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3e)(3) and (g) (1g)(1)), the Bank’s 's obligations under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedingsproceeding. If the charges in the notice are dismissed, the Bank may in its discretion: (iI) pay Executive you all or part of the compensation withheld while its obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If Executive is you are removed and/or permanently prohibited from participating in the conduct of the Bank’s 's affairs by an order issued under Section 8 (e) (38(e)(4) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(4) or (g) (1g)(1)), all obligations of the Bank under this Agreement shall terminate as of the Effective effective date of the order, but vested rights of the parties shall not be affected.

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of Bank’s the Company's affairs by notice served under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(3) and (g) (1g)(1)), Bank’s the Company'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, Bank may in its discretion: the Company shall (to the fullest extent permitted by law): (i) pay Executive all or part of the compensation withheld while its obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If Executive is removed and/or permanently prohibited from participating in the conduct of Bank’s the Company's affairs by an order issued under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(3) or (g) (1g)(1)), all obligations of Bank the Company under this Agreement shall terminate as of the Effective effective date of the order, but vested rights of the parties shall not be affected.

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by notice served under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(3) and (g) (1g)(1)), 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 obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If 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) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(3) or (g) (1g)(1)), all obligations of the Bank under this Agreement shall terminate as of the Effective effective date of the order, but vested rights of the parties shall not be affected.

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by notice served under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act Action (12 U.S.C. Section 1818 (e) (31818(e)(3) and (g) (1g)(1)), 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 obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If 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) (38(e)(4) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (31818(e)(4) or (g) (1g)(1)), all obligations of the Bank under this Agreement shall terminate as of the Effective effective date of the order, but vested rights of the parties shall not be affected.

Suspension and Removal Orders. If Executive is suspended and/or temporarily prohibited from participating in the conduct of Bank’s Peoples’ affairs by notice served under Section 8 (e) (38(e)(3) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3181 8(e)(3) and (g) (1g)(1)), Bank’s Peoples’ 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, Bank Peoples may in its discretion: (i) pay Executive all or part of the compensation withheld while its obligations under this Agreement were suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If Executive is removed and/or permanently prohibited from participating in the conduct of Bank’s Peoples’ affairs by an order issued under Section 8 (e) (38(e)(4) or 8 (g) (18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818 (e) (3181 8(e)(4) or (g) (1g)(1)), all obligations of Bank Peoples under this Agreement shall terminate as of the Effective effective date of the order, but vested rights of the parties shall not be affected.