Document ID: 16101

Text:
(b) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Banks affairs by a notice served under Section 8(e)(3) [ 12USC 1818 (e)(3)] or 8(g)(1) [ 12 USC 1818 (g)(1)] of the Federal Deposit Insurance Act ( the FDI Act), the Banks obligations under this 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 may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in part) any of its obligations which were suspended.

Named Entities:
67
70
Act
73
74
Act

Tokenized Text:
(
b
)
If
Executive
is
suspended
from
office
and
/
or
temporarily
prohibited
from
participating
in
the
conduct
of
the
Banks
affairs
by
a
notice
served
under
Section
8
(
e
)
(
3
)
[
12USC
1818
(
e
)
(
3
)
]
or
8
(
g
)
(
1
)
[
12
USC
1818
(
g
)
(
1
)
]
of
the
Federal
Deposit
Insurance
Act
(
the
FDI
Act
)
,
the
Banks
obligations
under
this
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
may
in
its
discretion
(
i
)
pay
Executive
all
or
part
of
the
compensation
withheld
while
its
contract
obligations
were
suspended
and
(
ii
)
reinstate
(
in
whole
or
in
part
)
any
of
its
obligations
which
were
suspended
.