Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.
Appears in 13 contracts
Samples: Employment Agreement (CVB Financial Corp), Agreement (Pelican Financial Inc), Employment Agreement (1st Century Bancshares, Inc.)
Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the parties Executive shall not be affected.
Appears in 12 contracts
Samples: Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp), Severance Compensation Agreement (CVB Financial Corp)
Termination by Default. If the Bank is in default (as defined in Section 3(x)(13 (x) (1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(11813 (x) (1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.
Appears in 2 contracts
Samples: Executive Employment Agreement (First Ulb Corp.), Executive Employment Agreement (First Ulb Corp.)
Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the parties (Insert Job Title) shall not be affected.
Appears in 1 contract
Samples: Severance Compensation Agreement (CVB Financial Corp)
Termination by Default. If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act Action (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.
Appears in 1 contract
Samples: United Panam Financial Corp
Termination by Default. If the The Bank is in default (as defined in Section 3(x)(13 (x) (1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(11813 (x) (1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.
Appears in 1 contract
