Golden Parachute Payments. Until such time as the UST ceases to own any debt or equity securities of the Corporation acquired pursuant to the CPP, Executive agrees that: (a) the Executive shall not be entitled to receive any golden parachute payment (as defined under the Compensation Guidelines) upon Executive’s severance from employment (as defined under the Compensation Guidelines) and (b) that all applicable contacts and agreements between Executive and the Corporation are deemed to be amended in this regard.
Appears in 3 contracts
Samples: Agreement (First Pactrust Bancorp Inc), Agreement (Mutualfirst Financial Inc), Agreement (Great Southern Bancorp Inc)
Golden Parachute Payments. Until such time as the UST ceases to own any debt or equity securities of the Corporation acquired pursuant to the CPP, Executive agrees that: (a) the Executive shall not be entitled to receive any golden parachute payment (as defined under the Compensation Guidelines) upon Executive’s severance from employment (as defined under the Compensation Guidelines) and (b) that all applicable contacts and agreements between Executive and the Corporation are deemed to be amended in this regard.
Appears in 2 contracts
Samples: Agreement (Pacific Coast National Bancorp), Agreement (FNB Bancorp/Ca/)
Golden Parachute Payments. Until such time as the UST ceases to own any debt or equity securities of the Corporation acquired pursuant to the CPP, Executive agrees that: (a) the Executive shall not be entitled to receive any golden parachute payment (as defined under the Compensation Guidelines) upon Executive’s applicable severance from employment (as defined under the Compensation Guidelines) and (b) that all applicable contacts and agreements Executive Compensation Agreements between Executive and the Corporation are deemed to be amended in this regard.
Appears in 1 contract
Samples: Compensation Modification Agreement (Alaska Pacific Bancshares Inc)
Golden Parachute Payments. Until such time as the UST ceases to own any debt or equity securities of the Corporation acquired pursuant to the CPP, Executive agrees that: (a) the Executive shall not be entitled to receive any golden parachute payment (as defined under the Compensation Guidelines) upon Executive’s severance from employment (as defined under the Compensation Guidelines) and (b) that all applicable contacts and agreements between Executive and the Corporation are deemed to be amended in this regard.
Appears in 1 contract
