CPP Covered Period shall be limited by, and interpreted in a manner consistent with, 31 C.F.R. § 30.11 (as in effect on the Closing Date). • Provisions (1) and (2) of this letter are intended to, and will be interpreted, administered and construed to, comply with Section 111 of EESA (and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving effect to this letter).
CPP Covered Period is any period during which: (a) you are a Senior Executive Officer; and (b) the Treasury holds an equity or debt position acquired from the Company under the CPP. The term “CPP Covered Period” shall be limited by, and interpreted in a manner consistent with, 31 C.F.R. § 30.11 (as in effect on the Closing Date).
CPP Covered Period shall be limited by, and interpreted in a manner consistent with, 31 C.F.R. § 30.11.
Examples of CPP Covered Period in a sentence
Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.
More Definitions of CPP Covered Period
CPP Covered Period shall be limited by, and interpreted in a manner consistent with, 31 C.F.R. § 30.10 (as in effect on the Closing Date).
CPP Covered Period shall be limited by, and interpreted in a manner consistent with, 31 C.F.R. § 30.11 (as in effect on the Closing Date). Provisions (1) and (2) of this letter are intended to, and will be interpreted, administered and construed to comply with Section 111 of EESA and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving effect to this letter. This agreement will be governed by the laws of the State of New Jersey, except to the extent that federal law controls. The Company’s Board of Directors appreciates the concessions you are making and looks forward to your continued leadership. Very truly yours, Valley National Bancorp By: Name: Title: Intending to be legally bound, I hereby agree with, acknowledge the sufficiency of consideration for, and accept the foregoing terms. [Officer Name] Dated: November , 2008
CPP Covered Period shall be limited by, and interpreted in a manner consistent with EESA. • Provisions (1), (2), (4) and (5) of this letter are intended to, and will be interpreted, administered and construed to, comply with Section 111 of EESA (and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving effect to this letter).
CPP Covered Period means the period identified in subsection 111(a)(5) of EESA. • Provisions (1) and (2) of this letter are intended to, and will be interpreted, administered and construed to, comply with Section 111 of EESA (and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving effect to this letter).
CPP Covered Period shall be limited by, and interpreted in a manner consistent with, Section 111(a)(5) of the EESA. Provisions 1, 2, 3 and 4 of this letter are intended to, and will be interpreted, administered and construed to comply with Section 111 of the EESA and guidance issued thereunder (and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving effect to this letter). In the event that Section 111 of the EESA or any rules or regulations promulgated thereunder are inconsistent with any of the terms above, Section 111 of the EESA and such rules and regulations promulgated thereunder shall control. To the extent not subject to federal law, this letter will be governed by and construed in accordance with the laws of the State of Indiana. This letter may be executed in two or more counterparts, each of which will be deemed to be an original. A signature transmitted by facsimile will be deemed an original signature. The Company’s Board of Directors appreciates the concessions you are making and looks forward to your continued leadership during these financially turbulent times. Yours sincerely, FIRST MERCHANTS CORPORATION By: Intending to be legally bound, I agree with and accept the foregoing terms as of the date set forth below. [Name] Date
CPP Covered Period shall be limited by, and interpreted in a manner consistent with the CPP Guidance. The application of provisions (A) an (B) of this letter are intended to, and shall be interpreted, administered and construed to, comply with Section 111 of EESA and the CPP Guidance and, to the maximum extent consistent with provisions (A) and (B) and such statute and regulations, to permit the operation of the Compensation Arrangements in accordance with their terms before giving effect to the provisions of this letter. If this letter sets forth our agreement on the subject matter hereof, kindly sign and return to the Company the enclosed copy of this letter which will then constitute our agreement on this subject and please sign and return the Waiver as well. Sincerely, First Midwest Bancorp, Inc. By: Name: Title: Intending to be legally bound, I agree to with and accept the foregoing terms: Name: Title:
CPP Covered Period shall be limited by, and interpreted in a manner consistent with, 31 C.F.R. §30.11 (as in effect on the Closing Date). • Provisions (1) and (2) of this letter are intended to, and will be interpreted, administered and construed to, comply with Section 111 of EESA and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving effect to this letter. • This agreement will be governed by New York law. * * * The Board appreciates the concessions you are making and looks forward to your continued leadership during these financially turbulent times. Very truly yours, Mxxxxxx Lxxxx & Co., Inc. By: Name: Title: Intending to be legally bound, I agree with and accept the foregoing terms.