Common use of Additional Waivers Clause in Contracts

Additional Waivers. After the Closing Date, in connection with the hiring or promotion of a Section 4.1(e) Employee and/or the promulgation of applicable Compensation Regulations or otherwise, to the extent any Section 4.1(e) Employee shall not have executed a waiver in a form satisfactory to the Investor with respect to the application to such Section 4.1(e) Employee of the Compensation Regulations, the Credit Union shall use its best efforts to (x) obtain from such Section 4.1(e) Employee a waiver in substantially the form attached hereto as Annex C and (y) deliver such waiver to the Investor as promptly as possible, in each case within sixty days of such Section 4.1(e) Employee’s becoming subject to the requirements of this section. “Section 4.1(e) Employee” means (A) each Senior Executive Officer and (B) any other employee of the Credit Union or any of its Affiliates determined at any time to be subject to Section 111 of EESA as implemented by the Compensation Regulations.

Additional Waivers. After the Closing Date, in connection with the hiring or promotion of a Section 4.1(e) Employee and/or the promulgation of applicable Compensation Regulations or otherwise, to the extent any Section 4.1(e) Employee shall not have executed a waiver in a form satisfactory to the Investor with respect to the application to such Section 4.1(e) Employee of the Compensation Regulations, the Credit Union Company shall use its best efforts to (x) obtain from such Section 4.1(e) Employee a waiver in substantially the form attached hereto as Annex C and (y) deliver such waiver to the Investor as promptly as possible, in each case case, within sixty days of such Section 4.1(e) Employee’s Employee becoming subject to the requirements of this sectionSection. “Section 4.1(e) Employee” means (A) each Senior Executive Officer and (B) any other employee of the Credit Union Company or any of its Affiliates determined at any time to be subject to Section 111 of EESA as implemented by the Compensation Regulations.

Additional Waivers. After the Closing Date, in connection with the hiring or promotion of a Section 4.1(e4.1(f) Employee and/or the promulgation of applicable Compensation Regulations or otherwise, to the extent any Section 4.1(e4.1(f) Employee shall not have executed a waiver in a form satisfactory to the Investor with respect to the application to such Section 4.1(e4.1(f) Employee of the Compensation Regulations, the Credit Union Company shall use its best efforts to (x) obtain from such Section 4.1(e4.1(f) Employee a waiver in substantially the form attached hereto as Annex C and (y) deliver such waiver to the Investor as promptly as possible, in each case within sixty days of such Section 4.1(e4.1(f) Employee’s becoming subject to the requirements of this section. “Section 4.1(e4.1(f) Employee” means (A) each Senior Executive Officer and (B) any other employee of the Credit Union Company or any of its Affiliates determined at any time to be subject to Section 111 of EESA as implemented by the Compensation Regulations.

Additional Waivers. After the Closing Date, in connection with the hiring or promotion of a Section 4.1(e) Employee and/or the promulgation of applicable Compensation Regulations or otherwise, to the extent any Section 4.1(e) Employee shall not have executed a waiver in a form satisfactory to the Investor with respect to the application to such Section 4.1(e) Employee of the Compensation Regulations, the Credit Union Company shall use its best efforts to (x) obtain from such Section 4.1(e) Employee a waiver in substantially the form attached hereto as Annex C and (y) deliver such waiver to the Investor as promptly as possible, in each case within sixty days of such Section 4.1(e) Employee’s becoming subject to the requirements of this section. “Section 4.1(e) Employee” means (A) each Senior Executive Officer and (B) any other employee of the Credit Union Company or any of its Affiliates determined at any time to be subject to Section 111 of EESA as implemented by the Compensation Regulations.

Additional Waivers. After the Closing Date, in connection with the hiring or promotion of a Section 4.1(e) Employee and/or the promulgation of applicable Compensation Regulations or otherwise, to the extent any Section 4.1(e) Employee shall not have executed a waiver in a form satisfactory to the Investor with respect to the application to such Section 4.1(e) Employee of the Compensation Regulations, the Credit Union Bank shall use its best efforts to (x) obtain from such Section 4.1(e) Employee a waiver in substantially the form attached hereto as Annex C and (y) deliver such waiver to the Investor as promptly as possible, in each case case, within sixty days of such Section 4.1(e) Employee’s Employee becoming subject to the requirements of this sectionSection. “Section 4.1(e) Employee” means (A) each Senior Executive Officer and (B) any other employee of the Credit Union Bank or any of its Affiliates determined at any time to be subject to Section 111 of EESA as implemented by the Compensation Regulations.

Additional Waivers. After the Closing Date, in connection with the hiring or promotion of a Section 4.1(e) Employee and/or the promulgation of applicable Compensation Regulations or otherwise, to the extent any Section 4.1(e) Employee shall not have executed a waiver in a form satisfactory to the Investor with respect to the application to such Section 4.1(e) Employee of the Compensation Regulations, the Credit Union Company shall use its best efforts to (x) obtain from such Section 4.1(e) Employee a waiver in substantially the form attached hereto as Annex C D and (y) deliver such waiver to the Investor as promptly as possible, in each case within sixty days of such Section 4.1(e) Employee’s Employee becoming subject to the requirements of this sectionSection. “Section 4.1(e) Employee” means (A) each Senior Executive Officer and (B) any other employee of the Credit Union Company or any of its Affiliates determined at any time to be subject to Section 111 of EESA as implemented by the Compensation Regulations.