R&G Financial Corporation Letterhead]Retention Bonus Agreement • February 5th, 2007 • R&g Financial Corp • State commercial banks
This Retention Bonus Agreement (the “Letter Agreement”) sets forth the terms pursuant to which R&G Financial Corporation (the “Company”) will pay you a retention bonus of [amount of retention bonus] (the “Bonus”), subject to the terms and conditions of this Letter Agreement, and contingent upon your continued employment with the Company from January 1, 2007, through and until a date (the “Scheduled Vesting Date”) that shall be 60 days following the date as of which R&G Financial Corporation (“Financial”) shall have completed the “Pending SEC Filings” (as defined below).
R&G Financial Corporation Letterhead]R&g Financial Corp • February 5th, 2007 • State commercial banks
This Agreement (the “Agreement”) sets forth the terms and conditions pursuant to which R&G Financial Corporation (the “Company”) will pay you the amount (the “Change of Control Bonus”) of $_________ [an amount equivalent to the Executive’s annual compensation (base salary plus the last performance bonus)] in the event that a “Change of Control” (as defined below) should occur with respect to the Company between the date hereof and December 31, 2008.
