CPP Covered Period definition

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).
Sample 1Sample 2Sample 3
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).
Sample 1Sample 2Sample 3
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).
Sample 1Sample 2Sample 3

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.

  • You will be required to and shall return to the Company any bonus or incentive compensation paid to you by the Company during the CPP Covered Period if such bonus or incentive compensation is paid to you based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • The Company is prohibited from making any Golden Parachute Payment to you during any CPP Covered Period.

  • To the extent any event occurs during the CPP Covered Period that would otherwise trigger a Golden Parachute Payment, you will be entitled to the lesser of (i) your rights under the Benefit Plans (as defined below) and (ii) the maximum amount allowed under Section 111(b)(2)(C) of EESA.

  • The Company is prohibiting any Golden Parachute Payment to you during any CPP Covered Period.


More Definitions of CPP Covered Period

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).
Sample 1Sample 2Sample 3
CPP Covered Period shall be limited by, and interpreted in a manner consistent with, Section 111(a)(5) of the EESA.
Sample 1Sample 2
CPP Covered Period shall be limited by, and interpreted in a manner consistent with the CPP Guidance.
Sample 1Sample 2
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).
Sample 1Sample 2
CPP Covered Period means any period during which financial assistance under the United States Department of Treasury’s TARP Capital Purchase Program remains outstanding, as limited by and interpreted in a manner consistent with the Emergency Economic Stabilization Act of 2008 (“EESA”). SECOND, SECTION IV (“Termination of Employment”) of the Agreement is amended, effective December 12, 2008, to add the following subsection E at the end thereof:
Sample 1
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
Sample 1
CPP Covered Period means (A) any period during which you are a senior executive officer and Treasury holds an equity or debt position acquired from the Company in the CPP, and (B) any other period during which the Company is prohibited under Section 111(b) of EESA from making any golden parachute payments to you or is subject to the incentive compensation clawback provisions of EESA with respect to incentive compensation payments made to you.
Sample 1