Redemption Value. Notwithstanding the terms of the Participation Agreement or the RSU Plan, the Company and the Executive agree that the Redemption Value of the Units subject to the Participation Agreement shall be $2,100,000 and that the Company shall pay such Redemption Value to the Executive, subject to the Executive’s continued compliance with Sections 9(a), 9(b) and 10 of the Retention Agreement, dated as of August 24, 2005, between the Company and the Executive, as amended as of the date hereof, on March 1, 2008.
Appears in 2 contracts
Sources: Participation Agreement (Td Banknorth Inc.), Participation Agreement (Td Banknorth Inc.)