Regulatory Prohibition Clause Example from Business Contracts

This example Regulatory Prohibition clause appears in 7 contracts from 2 companies

Regulatory Prohibition. Notwithstanding any other provision of this Agreement to the contrary, any renewal of this Agreement and any payments made to the Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the FDIA (12 U.S.C. ยง1828(k)) and 12 C.F.R. Part 359.