No Golden Parachute Payments. You will not be entitled to receive from the Company any golden parachute payment (as defined below) during any period in which the Treasury holds an equity or debt position acquired from the Company in the CPP (the “CPP Covered Period”) (or during the year following any acquisition of the Company, to the extent required by the CPP Limitations (as defined below)).
Appears in 21 contracts
Samples: Securities Purchase Agreement (Yadkin Valley Financial Corp), Securities Purchase Agreement (Alarion Financial Services Inc), Securities Purchase Agreement (Peoples Bancorp of North Carolina Inc)
No Golden Parachute Payments. You will not be entitled to receive from the Company any golden parachute payment (as defined below) during any period in which the Treasury holds an equity or debt position acquired from the Company in the CPP CPP, as defined by Section 111(a)(5) of EESA (as defined below) (the “CPP Covered Period”) (or during the year following any acquisition of the Company, to the extent required by the CPP Limitations (as defined below)).
Appears in 7 contracts
Samples: Securities Purchase Agreement (Atlantic Bancshares, Inc.), Securities Purchase Agreement (Yadkin Valley Financial Corp), Securities Purchase Agreement (Congaree Bancshares Inc)
No Golden Parachute Payments. You will The Company shall not be entitled to receive from the Company make any golden parachute payment (as defined below) to you during any period in during which the (A) you are a senior executive officer and (B) Treasury holds an equity or debt position acquired from the Company in the CPP (the a “CPP Covered Period”) (or during the year following any acquisition of the Company, to the extent required by the CPP Limitations (as defined below)).
Appears in 5 contracts
Samples: Compensation Agreement (Pulaski Financial Corp), Letter Agreement (BCSB Bancorp Inc.), Compensation Agreement (Patapsco Bancorp Inc)
No Golden Parachute Payments. You will not be entitled to receive from the Company any golden parachute payment Golden Parachute Payment (as defined below) during any period in which the Treasury holds an any equity or debt position securities acquired from the Company in the CPP (the “CPP Covered Period”) (or during the year following any acquisition of the Company, to the extent required by the CPP Limitations (as defined below)).
Appears in 2 contracts
Samples: Securities Purchase Agreement (Independent Bank Corp /Mi/), Securities Purchase Agreement (Firstbank Corp)
No Golden Parachute Payments. You will not be entitled to receive from the Company any golden parachute payment (as defined below) during any period in which the Treasury holds an equity or debt position acquired from the Company in the CPP (the “CPP Covered Period”) (or during ). The Company shall work with you between the year following any acquisition of date hereof and December 31, 2008 in order to determine the Companypotential payments and benefits which may be subject to the foregoing limitation and, if necessary, to determine the extent required by the CPP Limitations (as defined below))order in which such payments and benefits shall be reduced, if necessary.
Appears in 1 contract
Samples: Securities Purchase Agreement (Northern Trust Corp)
