Senior Executive Officer Waiver Sample Contracts

SENIOR EXECUTIVE OFFICER WAIVER

Senior Executive Officer Waiver • December 19th, 2008 • Monarch Financial Holdings, Inc. • State commercial banks

• Contract Type
  Senior Executive Officer Waiver
• Filed
  December 19th, 2008
• Company
  Monarch Financial Holdings, Inc.
• Industry
  State commercial banks

Monarch Financial Holdings, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with the United States Department of the Treasury (the “Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.

FORM OF SENIOR EXECUTIVE OFFICER WAIVER

Senior Executive Officer Waiver • December 15th, 2008 • Valley Financial Corp /Va/ • Savings institution, federally chartered

• Contract Type
  Senior Executive Officer Waiver
• Filed
  December 15th, 2008
• Company
  Valley Financial Corp /Va/
• Industry
  Savings institution, federally chartered

Valley Financial Corporation (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with the United States Department of the Treasury (the “Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.