Other Regulatory Requirements. If the Bank is in default, as defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as the date of such default, but no vested rights of the Employee will be affected. Further, all obligations under this Agreement will be terminated, except, to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:
Appears in 15 contracts
Samples: Employment Agreement (Old Line Bancshares Inc), Employment Agreement (Howard Bancorp Inc), Employment Agreement (Howard Bancorp Inc)
Other Regulatory Requirements. If the Bank is in default, as defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as of the date of such default, but no vested rights of the Employee will be affected. Further, all non-vested obligations under this Agreement will be terminated, except, to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:
Appears in 9 contracts
Samples: Employment Agreement (SFSB, Inc.), Employment Agreement (SFSB, Inc.), Employment Agreement (SFSB, Inc.)
Other Regulatory Requirements. (a) If the Bank is in default, as defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as of the date of such default, but no vested rights of the Employee Executive will be affected. Further, all obligations under this Agreement will be terminated, except, to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:
Appears in 5 contracts
Samples: Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc)
Other Regulatory Requirements. If the Bank is in default, as defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as of the date of such default, but no vested rights of the Employee will be affected. Further, all obligations under this Agreement will be terminated, except, to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:
Appears in 5 contracts
Samples: Employment Agreement (Howard Bancorp Inc), Employment Agreement (Bay National Corp), Employment Agreement (Cn Bancorp Inc)
Other Regulatory Requirements. If the Bank is in default, as defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as of the date of such default, but no vested rights of the Employee Executive will be affected. Further, all obligations under this Agreement will be terminated, except, to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:
Appears in 4 contracts
Samples: Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc)
Other Regulatory Requirements. If the Bank is in default, as defined in ----------------------------- Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as the date of such default, but no vested rights of the Employee will be affected. Further, all obligations under this Agreement will be terminated, except, except to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:
Appears in 4 contracts
Samples: Employment Agreement (Community First Banking Co), Employment Agreement (Community First Banking Co), Employment Agreement (Community First Banking Co)
Other Regulatory Requirements. If the Bank is in default, as defined ----------------------------- in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as the date of such default, but no vested rights of the Employee will be affected. Further, all obligations under this Agreement will be terminated, except, except to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:
Appears in 4 contracts
Samples: Employment Agreement (First Deposit Bancshares Inc), Employment Agreement (First Deposit Bancshares Inc), Employment Agreement (First Deposit Bancshares Inc)
Other Regulatory Requirements. 3.6.1. If the Bank is in default, as defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as of the date of such default, but no vested rights of the Employee will be affected. Further, all obligations under this Agreement will be terminated, except, except to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:
Appears in 3 contracts
Samples: Employment Agreement (Community Heritage Financial, Inc.), Employment Agreement (Community Heritage Financial, Inc.), Employment Agreement (Community Heritage Financial, Inc.)
Other Regulatory Requirements. If the Bank is in default, as defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will shall terminate as of the date of such default, but no vested rights of the Employee will Executive shall be affected. Further, all obligations under this Agreement will shall be terminated, except, except to the extent determined that continuation of the this Agreement is necessary for the continued operation of the Bank:
Appears in 3 contracts
Samples: Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc)
Other Regulatory Requirements. (a) If the Bank is in default, as defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will shall terminate as of the date of such default, but no vested rights of the Employee will Executive shall be affected. Further, all obligations under this Agreement will shall be terminated, except, except to the extent determined that continuation of the this Agreement is necessary for the continued operation of the Bank:
Appears in 2 contracts
Samples: Executive Employment Agreement (Howard Bancorp Inc), Executive Employment Agreement (Howard Bancorp Inc)
Other Regulatory Requirements. If the Bank is in default, as defined ----------------------------- in Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under this Agreement will terminate as the date of such default, but no vested rights of the Employee will be affected. Further, all obligations under this Agreement will be terminated, except, except to the extent determined that continuation of the Agreement is necessary for the continued operation of the Bank:.
Appears in 1 contract
Samples: Employment Agreement (First Deposit Bancshares Inc)
