Common use of Compensation Program Amendments Clause in Contracts

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2).

Appears in 5 contracts

Samples: Securities Purchase Agreement (Berkshire Hills Bancorp Inc), Securities Purchase Agreement (Berkshire Hills Bancorp Inc), Securities Purchase Agreement (Berkshire Hills Bancorp Inc)

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Compensation Program Amendments. Each of the Company’s 's compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2)) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.

Appears in 4 contracts

Samples: Consent Letter (Valley Financial Corp /Va/), Consent Letter (Eastern Virginia Bankshares Inc), Consent Letter (Middleburg Financial Corp)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2).give

Appears in 2 contracts

Samples: Securities Purchase Agreement (Community First Inc), Securities Purchase Agreement (Community First Inc)

Compensation Program Amendments. Each of the Company’s 's compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2)) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.

Appears in 2 contracts

Samples: Consent Letter (Village Bank & Trust Financial Corp.), Consent Letter (First National Corp /Va/)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1l) and (2).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Citizens South Banking Corp), Compensation Agreement (First Niagara Financial Group Inc)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is are hereby amended to the extent necessary to give effect to provisions (1l) and (2).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Financial Institutions Inc), Securities Purchase Agreement (Alliance Financial Corp /Ny/)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1I) and (2).

Appears in 1 contract

Samples: Securities Purchase Agreement (Citizens South Banking Corp)

Compensation Program Amendments. Each of the Company’s 's compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2).. <PAGE>

Appears in 1 contract

Samples: Securities Purchase Agreement (Monadnock Bancorp Inc)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2)) and you agree to execute any such amendments as may be necessary to implement the agreements contained in this letter.

Appears in 1 contract

Samples: Consent Letter Agreement (Monarch Financial Holdings, Inc.)

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Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2)) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.

Appears in 1 contract

Samples: Consent Letter (First Capital Bancorp, Inc.)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2). For reference, certain affected Benefit Plans are set forth in Appendix A to this letter.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pinnacle Financial Partners Inc)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (; collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1A) and (2B).

Appears in 1 contract

Samples: Letter Agreement Including Securities Purchase Agreement (Premierwest Bancorp)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive incentive, deferred compensation and other benefit plans, arrangements and agreements (including golden parachute, severance severance, change in control and employment agreements) either currently or hereinafter agreements now in effect and including all amendments thereto or adopted in the future) (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to (a) give effect to provisions (Provisions 1) , 2, 3, and 4 above, and (2)b) comply with Section 111 of EESA, as amended from time to time, and any guidance issued thereunder.

Appears in 1 contract

Samples: Senior Executive Officer Letter Agreement (First Reliance Bancshares Inc)

Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1), (2) and (23).. For reference, certain affected Benefit Plans are set forth in Appendix A to this letter, but this letter shall amend each Benefit Plan, even if omitted from Appendix A.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bridge Capital Holdings)

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