Examples of Citizens South in a sentence
A signed original of this written statement required by Section 906 has been provided to Citizens South Banking Corporation and will be retained by Citizens South Banking Corporation and furnished to the Securities and Exchange Commission or its staff upon request.
If to the Bank, notice shall be given to the board of directors, Citizens South Bank, 000 Xxxxx Xxx Xxxx Xxxx, Xxxxxxxx, Xxxxx Xxxxxxxx 00000-0000, or to such other or additional person or persons as the Bank shall have designated to the Director in writing.
Any such successor shall thereafter be deemed to be "Citizens South Banking Corporation" for purposes of this Agreement.
Without limiting the generality of the foregoing, the parties hereto acknowledge and agree that this Agreement supersedes in its entirety any prior Merger/Acquisition Protection Agreement entered into by the Executive and the Corporation or by the Executive and Citizens South Bank, as amended or supplemented.
For this purpose, sale of all or substantially all of Citizens South Banking Corporation's assets includes sale of the shares or assets of the Bank alone.
Citizens South Banking Corporation sells to a third party all or substantially all of its assets.
Citizens South hereby acknowledges that it will be difficult and could be impossible (a) for the Executive to find reasonably comparable employment after his employment terminates, and (b) to measure the amount of damages the Executive may suffer as a result of termination.
Any purported termination by Citizens South or by the Executive shall be communicated by written notice of termination to the other.
If Citizens South Bank is in default as defined in section 3(x) (12 U.S.C. 1813(x)(1)) of the Federal Deposit Insurance Act, all obligations of Citizens South under this Employment Agreement shall terminate as of the date of default, but this paragraph (d) shall not affect any vested rights of the parties.
The resolution shall be deemed to have been duly adopted if and only if it is adopted by the affirmative vote of at least 75% of the directors of Citizens South Banking Corporation then in office or 75% of the directors of Citizens South Bank then in office, in either case excluding the Executive, at a meeting duly called and held for that purpose.