No Golden Parachute Payments. Under the terms of the EESA Restrictions, the Company is prohibited from paying any golden parachute payment to a senior executive officer or any of the next five most highly compensated employees of the Company during the TARP Period. Accordingly, the Company is prohibiting any golden parachute payment to you during the TARP Period if you are a senior executive officer or one of the next five most highly compensated employees of the Company. Whether you are a senior executive officer or one of the next five most highly compensated employees will be determined by reference to the definitions thereof contained in the IFR, as amended from time to time.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Green Bankshares, Inc.), Securities Purchase Agreement (Green Bankshares, Inc.), Securities Purchase Agreement (Green Bankshares, Inc.)
