Waiver of Claims Agreement Related to TARP Capital Purchase Program – MainSource Financial Group, Inc.

Contract Categories: Business Finance › Waiver Agreements
Summary

This agreement is between an employee of MainSource Financial Group, Inc. and the company, in connection with the company's participation in the U.S. Treasury's TARP Capital Purchase Program. The employee voluntarily waives any claims against the U.S. government or the employer for changes to compensation or benefits required by Treasury regulations. The waiver covers all related claims under federal or state law, including those concerning compensation, benefits, or the adoption of these regulations, for as long as the U.S. holds equity or debt in the company through TARP.

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EX-10.3 7 a09-3445_1ex10d3.htm EX-10.3

Exhibit 10.3

 

FORM OF 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.

 

MAINSOURCE FINANCIAL GROUP, INC. [UST SEQ. NO. 423]

SEO WAIVER OF CLAIMS