Common use of SEO and Top 20 Clause in Contracts

SEO and Top 20. During any time period in which Executive is classified by the Company as (i) an SEO or (ii) one of the next 20 “most highly compensated employees,” as defined in the TARP Interim Final Rules (the “Top 20”), he or she agrees as follows:

Appears in 10 contracts

Samples: Tarp Restriction Agreement (National Penn Bancshares Inc), Tarp Restriction Agreement (National Penn Bancshares Inc), Tarp Restriction Agreement (National Penn Bancshares Inc)

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