CPP Requirements definition
Examples of CPP Requirements in a sentence
Notwithstanding any other provision of this Agreement, the Bank and the Executive agree that this Agreement shall be administered, interpreted and construed and, if and where applicable, benefits provided hereunder shall be limited, deferred, forfeited, subject to repayment to the Bank and/or prohibited in accordance with the CPP Requirements, to the extent legally applicable to the Executive, including without limitation the clawback, the bonus prohibition and the golden parachute prohibitions thereof.
The Committee shall have the right unilaterally to amend this Agreement to effect or document any changes or additions which in its view are necessary or appropriate to comply with the CPP Requirements and Section 111 of the EESA, as amended from time to time.
Further, the Bank and the Executive agree that the Bank shall have the right unilaterally to amend this Agreement to effect or document any changes or additions which in its view are necessary or appropriate to comply with the CPP Requirements.
To the extent permitted, this Award and the Restricted Shares granted hereunder shall be deemed amended (i) to the extent necessary to conform to the CPP Requirements and (ii) for the period of time during which such requirements apply to the Company and certain of its employees.
The Associate acknowledges and understands that this Agreement shall be administered, interpreted and construed and, if and where applicable, benefits provided hereunder shall be limited, deferred and/or subject to repayment to the Company in accordance with the CPP Requirements and Section 111(b) of the EESA, as amended from time to time, to the extent legally applicable with respect to the Associate, as determined by the Committee in its discretion.
In the event of any contradiction between the Plan, this Award, or the CPP Requirements, the terms of the CPP Requirements shall govern.
If the CPP Transaction is not consummated or Executive is not and does not become an SEO subject to the CPP Requirements, this Consent shall have no legal effect.
Executive hereby further consents and agrees to any amendment to this Consent or the Compensation Plans necessary for the Company to participate in the CPP Transaction or comply with the CPP Requirements.
If Employee’s employment with the Company and its Subsidiaries terminates prior to <<grant date + 2 years>> due to death or disability (as defined in the CPP Requirements) or terminates for any reason on or after <<grant date + 2 years>>, any Award Shares that are not considered Vested by or at the termination of Employee’s employment with the Company and its Subsidiaries shall be forfeited to the Company immediately upon such termination.
To the extent the Company concludes that such review requires revisions to any Compensation Plan with respect to Executive, Executive and the Company agree that the Company may make such changes to the Compensation Plan as it deems necessary or appropriate to comply with the CPP Requirements without the further consent or agreement of Executive.