Waiver Agreement Related to TARP Capital Purchase Program – Anthony Giordano, III

Contract Categories: Business Finance › Waiver Agreements
Summary

Anthony Giordano, III agrees to waive any claims against his employer or the United States for changes to his compensation or benefits required by the U.S. Treasury’s TARP Capital Purchase Program regulations. This includes modifications to compensation, bonus, incentive, and benefit plans, including golden parachute agreements, for as long as the U.S. holds equity or debt in his employer under TARP. The waiver covers all related legal claims under federal or state law.

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EX-10.4 9 ex10-4.htm EXHIBIT 10.4 ex10-4.htm
EXHIBIT 10.4

 

 
WAIVER
 
In consideration for the benefits I will receive as a result of my employer’s participation in the United States Department of the Treasury’s TARP Capital Purchase Program, I hereby voluntarily waive any claim against the United States or my employer for any changes to my compensation or benefits that are required to comply with the regulation issued by the Department of the Treasury as published in the Federal Register on October 20, 2008.
 
I acknowledge that this regulation may require modification of the compensation, bonus, incentive and other benefit plans, arrangements, policies and agreements (including so-called “golden parachute” agreements) that I have with my employer or in which I participate as they relate to the period the United States holds any equity or debt securities of my employer acquired through the TARP Capital Purchase Program.
 
This waiver includes all claims I may have under the laws of the United States or any state related to the requirements imposed by the aforementioned regulation, including without limitation a claim for any compensation or other payments I would otherwise receive, any challenge to the process by which this regulation was adopted and any tort or constitutional claim about the effect of these regulations on my employment relationship.
 
IN WITNESS WHEREOF, I have hereunto signed my name this 23rd day of December, 2008.
 
 
/s/ Anthony Giordano, III
 
Anthony Giordano, III