FORM OF SENIOR EXECUTIVE OFFICER AGREEMENT [PEAPACK-GLADSTONE FINANCIAL CORPORATION LETTERHEAD]Senior Executive Officer Agreement • January 12th, 2009 • Peapack Gladstone Financial Corp • Commercial banks, nec • New Jersey
As you know, Peapack-Gladstone Financial Corporation (the “Company,” as further defined below) has entered into a Securities Purchase Agreement, dated January 9, 2009 (the “Participation Agreement”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (“CPP”).
