Common use of Termination by Regulators Clause in Contracts

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Company: (i) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA; or (ii) by the FDIC or the Federal Reserve, at the time either agency approves a supervisory merger to resolve problems related to operation of the Company. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal ReserveFDIC, at the time either agency it approves a supervisory merger to resolve problems related to operation of the CompanyBank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal ReserveFDIC, at the time either agency it approves a supervisory merger to resolve problems related to operation of the CompanyBank or when the Bank is determined by the Director to be in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii) by the FDIC or the Federal Reserve, at the time either agency approves a supervisory merger to resolve problems related to operation of the Bank or the Company, respectively. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Company: (i1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal Reserveapplicable federal banking agency, at the time either the agency approves a supervisory merger to resolve problems related to operation of the Companydepository institution. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal ReserveFDIC, at the time either agency it approves a supervisory merger to resolve problems related to operation of the CompanyBank or when the Bank is determined by the Director of the FDIC to be in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority Timberland Employment Agreement - 9 contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal ReserveFDIC, at the time either agency it approves a supervisory merger to resolve problems related to operation of the CompanyBank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal ReserveOTS, at the time either agency approves a supervisory merger to resolve problems related to operation of the CompanyBank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyEmployer: (i) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Employer under the authority contained in Section 13(c) of the FDIA; or (ii) by the FDIC or the Federal Reserve, at the time either agency approves a supervisory merger to resolve problems related to operation of the CompanyBank or the Employer, respectively. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) at the time the FDIC Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal ReserveFDIC, at the time either agency it approves a supervisory merger to resolve problems related to operation of the CompanyBank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement ------------------------- shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) by the Federal Deposit Insurance Corporation (the "FDIC") at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii) when the Bank is determined by the FDIC to be in an unsafe or the Federal Reserve, at the time either agency approves a supervisory merger to resolve problems related to operation of the Companyunsound condition. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall will be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) by the Federal Deposit Insurance Corporation (the "FDIC") at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii2) when the Bank is determined by the FDIC to be in an unsafe or the Federal Reserveunsound condition. However, at the time either agency approves a supervisory merger to resolve problems related to operation of the Company. Any vested rights of the contracting parties that have already vested, however, shall will not be affected by any such actionaffected.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal ReserveFDIC, at the time either the agency approves a supervisory merger to resolve problems related to operation of the Bank or Company, respectively. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the CompanyBank: (i1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Company Bank under the authority contained in Section 13(c) of the FDIA; or (ii2) by the FDIC or the Federal ReserveOCC, at the time either agency approves a supervisory merger to resolve problems related to operation of the CompanyBank. Any rights of the parties that have already vested, however, shall not be affected by any such action.