Common use of Suspension of Employment Clause in Contracts

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shall, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 12 contracts

Samples: Employment Agreement (Virginia Beach Federal Financial Corp), Employment Agreement (Virginia Beach Federal Financial Corp), Control Severance Agreement (Teche Holding Co)

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Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's ’s affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1)g) (1) ), the Bank's ’s obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 8 contracts

Samples: Change in Control Severance Agreement (CCF Holding Co), Control Severance Agreement (CCF Holding Co), Change in Control Severance Agreement (CCF Holding Co)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's ’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's ’s obligations under the 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 shall, may within its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 6 contracts

Samples: Employment Agreement (Roebling Financial Corp, Inc.), Employment Agreement (Roebling Financial Corp, Inc.), Change in Control Severance Agreement (Ibt Bancorp Inc)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Savings Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Savings Bank's obligations under the Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Savings Bank shall, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 6 contracts

Samples: Change In (Tf Financial Corp), Change in Control Severance Agreement (Tf Financial Corp), Change in Control Severance Agreement (Tf Financial Corp)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shall, may within its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 6 contracts

Samples: Employment Agreement (CCF Holding Co), Control Severance Agreement (CCF Holding Co), Security Federal Savings (SFB Bancorp Inc)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's ’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's ’s obligations under the 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 shall, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 5 contracts

Samples: Control Severance Agreement (Teche Holding Co), Control Severance Agreement (Teche Holding Co), Control Severance Agreement (Teche Holding Co)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1)g) (1) ), the Bank's obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 4 contracts

Samples: Change In (CCF Holding Co), Change In (CCF Holding Co), Change In (CCF Holding Co)

Suspension of Employment. If the Employee is suspended and/or -------------------------- temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shall, may within its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 4 contracts

Samples: Employment Agreement (Roebling Financial Corp Inc), Employment Agreement (Roebling Financial Corp Inc), Roebling Bank (Roebling Financial Corp, Inc.)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's ’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's ’s obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (CCF Holding Co), Employment Agreement (CCF Holding Co), Employment Agreement (CCF Holding Co)

Suspension of Employment. If the Employee is suspended and/or ------------------------ temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1)g) (1) ), the Bank's obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 3 contracts

Samples: Employment Agreement (CCF Holding Co), Change In (CCF Holding Co), Employment Agreement (CCF Holding Co)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shallmay in its discretion, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 3 contracts

Samples: Employment Agreement (Guthrie Savings Inc), Employment Agreement (Guthrie Savings Inc), Employment Agreement (Guthrie Savings Inc)

Suspension of Employment. If the Employee Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shall, may within its discretion (i) pay the Employee Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 3 contracts

Samples: Employment Agreement (Skibo Financial Corp), Employment Agreement (Skibo Financial Corp), Employment Agreement (Skibo Financial Corp)

Suspension of Employment. If the Employee is suspended and/or ------------------------ temporarily prohibited from participating in the conduct conduce of the Bank's affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1)g) (1) ), the Bank's obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 2 contracts

Samples: Employment Agreement (CCF Holding Co), Employment Agreement (CCF Holding Co)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(38(e(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(31818 (e)(3) and (g)(1g(l)), the Bank's obligations under the 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 shallmay in its discretion, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Cheviot Financial Corp), Change in Control Severance Agreement (Cheviot Financial Corp)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1))) suspends and/or temporarily prohibits the Employee from participating in the conduct of the Bank’s affairs, the Bank's ’s obligations under the this Agreement shall be suspended as of the date of such service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank shall, shall (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended suspended, and (ii) reinstate any of its obligations which were suspended.

Appears in 2 contracts

Samples: Employment Agreement (Iberiabank Corp), Employment Agreement (Iberiabank Corp)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 2 contracts

Samples: Employment Agreement (CCF Holding Co), Employment Agreement (WHG Bancshares Corp)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1g) (1)), the Bank's obligations under the 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 shall, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 2 contracts

Samples: Employment Agreement (Landmark Bancshares Inc), Employment Agreement (Landmark Bancshares Inc)

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Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct conduce of the Bank's ’s affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1)g) (1) ), the Bank's ’s obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (CCF Holding Co)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1g) (1)), the Bank's obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Change In (CCF Holding Co)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Savings Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Savings Bank's obligations under the Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Savings Bank shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Advance Financial Bancorp)

Suspension of Employment. If the Employee Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shall, (i) pay the Employee Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Harrodsburg First Financial Bancorp Inc)

Suspension of Employment. If the Employee is suspended and/or --------------------------- temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (WHG Bancshares Corp)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's ’s affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1)g) (1) ), the Bank's obligations under the 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 on shall, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Wells Financial Corp)

Suspension of Employment. If the Employee is suspended and/or --------------------------- temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the 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 shall, may within its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Control Severance Agreement (WHG Bancshares Corp)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(31818 (e)(3) and (g)(1)), the Bank's obligations under the 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 shallmay in its discretion, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Cheviot Financial Corp)

Suspension of Employment. If the Employee is suspended and/or ------------------------ temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 XXXX [00 U.S.C. 1818(e)(3) and (g)(1))], the Bank's obligations under the 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 shall, shall (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (CFSB Bancorp Inc)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(38(e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1)g) (1), the Bank's obligations under the 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 shall, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (Northern Star Financial Inc)

Suspension of Employment. If the Employee is suspended and/or temporarily prohibited from participating participation in the conduct of the Bank's affairs by a notice served under Section 8(e)(38 (e) (3) or (g)(1g) (1) of the FDIA (12 U.S.C. 1818(e)(31818 (e) (3) and (g)(1g) (1)), the Bank's obligations under the 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 shall, may in its discretion (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

Appears in 1 contract

Samples: Employment Agreement (First South Bancorp Inc /Va/)

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