Common use of Compensation Program Amendments Clause in Contracts

Compensation Program Amendments. Each of the Company's compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.

Appears in 4 contracts

Samples: Valley Financial Corp /Va/, Central Virginia Bankshares Inc, Eastern Virginia Bankshares Inc

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Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter).

Appears in 4 contracts

Samples: Securities Purchase Agreement (Berkshire Hills Bancorp Inc), Securities Purchase Agreement (Berkshire Hills Bancorp Inc), Securities Purchase Agreement (Berkshire Hills Bancorp Inc)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements agreements, including your employment agreement (including golden parachutethe “Employment Agreement”), severance and employment compensation policies (all such plans, arrangements and agreements, and policies, the “Compensation Plans”) (collectively, "Benefit Plans") are hereby amended with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) of this letter, and you agree to execute any such further amendments as maybe may be necessary to implement the agreements contained in this letter.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Community Bank Shares of Indiana Inc), Securities Purchase Agreement (Community Bank Shares of Indiana Inc), Securities Purchase Agreement (Community Bank Shares of Indiana Inc)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree ). For reference, certain affected Benefit Plans are set forth in Appendix A to execute any such amendments as maybe necessary to implement the agreements contained in this letter.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Pinnacle Financial Partners Inc), Securities Purchase Agreement (Pinnacle Financial Partners Inc), Securities Purchase Agreement (Pinnacle Financial Partners Inc)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.give

Appears in 3 contracts

Samples: Securities Purchase Agreement (Community First Inc), Securities Purchase Agreement (Community First Inc), Securities Purchase Agreement (Community First Inc)

Compensation Program Amendments. Each of the Company's compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Village Bank & Trust Financial Corp.), Securities Purchase Agreement (First National Corp /Va/)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements agreements, including your Employment Security Agreement (including golden parachuteall such plans, severance arrangements and employment agreements) (collectively, "the “Benefit Plans") with respect to you is are hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in of this letter.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Alarion Financial Services Inc), Securities Purchase Agreement (First Community Bank Corp of America)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, "Benefit Plans") with respect to you is are hereby amended to the extent necessary to give effect to provisions (1l) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Financial Institutions Inc), Securities Purchase Agreement (Alliance Financial Corp /Ny/)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.). UST Sequence No. 9

Appears in 1 contract

Samples: Securities Purchase Agreement (First Niagara Financial Group Inc)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (; collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1A) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letterB).

Appears in 1 contract

Samples: Letter Agreement (Premierwest Bancorp)

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Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.

Appears in 1 contract

Samples: Securities Purchase Agreement (First Capital Bancorp, Inc.)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1l) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.). UST Sequence No. 9

Appears in 1 contract

Samples: Securities Purchase Agreement (First Niagara Financial Group Inc)

Compensation Program Amendments. Each of the Company's compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) either currently or hereinafter in effect and including all amendments thereto (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe necessary to implement the agreements contained in this letter.). <PAGE>

Appears in 1 contract

Samples: Securities Purchase Agreement (Monadnock Bancorp Inc)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2) and you agree to execute any such amendments as maybe may be necessary to implement the agreements contained in this letter.

Appears in 1 contract

Samples: Consent Letter Agreement (Monarch Financial Holdings, Inc.)

Compensation Program Amendments. Each of the Company's ’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, "Benefit Plans") with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and ), (2) and you agree (3). For reference, certain affected Benefit Plans are set forth in Appendix A to execute any such amendments as maybe necessary to implement the agreements contained in this letter., but this letter shall amend each Benefit Plan, even if omitted from Appendix A.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bridge Capital Holdings)

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