No Golden Parachute Payments. The Company is prohibiting any Golden Parachute Payment to you during any CPP Covered Period. To the extent any event occurs during the CPP Covered Period that would otherwise trigger a Golden Parachute Payment, you will be entitled to the lesser of (i) your rights under the Benefit Plans (as defined below) and (ii) the maximum amount allowed under Section 111(b)(2)(C) of EESA.
Appears in 11 contracts
Samples: Securities Purchase Agreement (Whitney Holding Corp), Securities Purchase Agreement (Whitney Holding Corp), Securities Purchase Agreement (Whitney Holding Corp)
No Golden Parachute Payments. The Company is and the Bank are prohibiting any Golden Parachute Payment to you during any CPP Covered Period. To the extent any event occurs during the CPP Covered Period that would otherwise trigger a Golden Parachute Payment, you will be entitled to the lesser of (i) your rights under the Benefit Plans (as defined below) and (ii) the maximum amount allowed under Section 111(b)(2)(C) of EESA.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Community West Bancshares /), Securities Purchase Agreement (Community West Bancshares /), Securities Purchase Agreement (Community West Bancshares /)
No Golden Parachute Payments. The Company is prohibiting any Golden Parachute Payment to you during any CPP Covered PeriodPeriod and you shall not be entitled to receive any such Golden Parachute Payment. To the extent any event occurs during the CPP Covered Period that would otherwise trigger a Golden Parachute Payment, you will be entitled to the lesser of (i) your rights under the Benefit Plans (as defined below) and (ii) the maximum amount allowed under Section 111(b)(2)(C) of EESA, as modified by subsequent CCP Guidance.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Coastal Banking Co Inc), First Security Group Inc/Tn
No Golden Parachute Payments. The Company is prohibiting any Golden Parachute Payment to you during any CPP Covered Period. To the extent any event occurs during the CPP Covered Period that would otherwise trigger a Golden Parachute Paymentgolden parachute payment, you will be entitled to the lesser of (i) your rights under the Benefit Plans (as defined below) and (ii) the maximum amount allowed under Section 111(b)(2)(C) of EESA.
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No Golden Parachute Payments. The Company is prohibiting any Golden Parachute Payment to you during any CPP Covered Period. To the extent any event occurs during the CPP Covered Period that would otherwise trigger a Golden Parachute Payment, you will be entitled to the lesser of (i) your rights under the Benefit Plans Plan (as defined below) and (ii) the maximum amount allowed under Section 111(b)(2)(C) of EESA.
Appears in 1 contract
