Common use of Salary Stock Clause in Contracts

Salary Stock. The Company will issue to Grantee shares of “salary stock,” subject to the terms and conditions of this Agreement and the Company’s 2011 Incentive Compensation Plan (“Plan”), for services performed for the Company by Grantee. For 2012, the aggregate amount of such “salary stock” will be the amount set forth on Schedule A, to be paid in the form of shares of the Company’s common stock (“Salary Stock”), which will constitute a “Stock Award” under the Plan, and cash remitted to pay applicable withholding taxes. Any TARP Cash or Salary Stock for periods after 2012 will be determined by the Committee in its sole discretion. Payment of TARP Cash and Salary Stock will not affect Grantee’s participation in any Company benefit plan for 2012. Notwithstanding the foregoing, Grantee shall not be entitled to participate in the Company’s Corporate Incentive Plan for 2012.

Salary Stock. The Company will issue to Grantee shares of “salary stock,” subject to the terms and conditions of this Agreement and the Company’s 2011 2007 Long-Term Incentive Compensation Plan (“Plan”), for services performed for the Company by Grantee. For 20122011, the aggregate amount of such “salary stock” will be the amount set forth on Schedule A, to be paid in the form of shares of the Company’s common stock (“Salary Stock”), which will constitute a “Stock Award” under the Plan, and cash remitted to pay applicable withholding taxes. Any TARP Cash or Salary Stock for periods after 2012 2011 will be determined by the Committee in its sole discretion. Payment of TARP Cash and Salary Stock will not affect Grantee’s participation in any Company benefit plan for 20122011. Notwithstanding the foregoing, Grantee shall not be entitled to participate in the Company’s Corporate Incentive Plan for 20122011.