Compliance with Regulatory Restrictions Clause Example from Business Contracts

Compliance with Regulatory Restrictions. Notwithstanding anything to the contrary herein, and in addition to any restrictions stated above, any compensation or other benefits paid to the Executive shall be limited to the extent required by any federal or state regulatory agency having authority over the Bank or, if applicable, the Company. The Executive agrees that compliance by the Bank or the Company with such regulatory restrictions, even to the extent that compensation or other benefits paid to the Executive are limited, shall not ...be a breach of this Agreement by such entity. The Executive agrees that such restrictions include any restrictions applicable due to the Company's participation in the Treasury's Troubled Asset Relief Program - Capital Purchase Program (the "CPP"). View More