Common use of SEO and Top 5 Clause in Contracts

SEO and Top 5. During any time period in which Executive is classified by the Company as (i) an SEO or (ii) one of the next 5 “most highly compensated employees,” as defined in the TARP Interim Final Rules (the “Top 5”), he or she agrees as follows:

Appears in 9 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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SEO and Top 5. During any time period in which Executive is classified by the Company as (i) an SEO or (ii) one of the next 5 “most highly compensated employees,” as defined in the TARP Interim Final Rules (the “Top 5), he or she agrees as follows:

Appears in 1 contract

Samples: Tarp Restriction Agreement (Codorus Valley Bancorp Inc)

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