Common use of Suspension and Removal Orders Clause in Contracts

Suspension and Removal Orders. If the 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 any such service, unless stayed by appropriate

Appears in 4 contracts

Samples: Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp)

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