0000950133-07-004060 Sample Contracts

PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL
Payment Agreement • October 3rd, 2007 • W Holding Co Inc • State commercial banks • Puerto Rico

This PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL (the “Agreement”) to become effective on October 1, 2007, between W Holding Company, Inc. and Westernbank Puerto Rico (the “Company” and “Bank”) and Mr. Carlos Dávila (the “Employee”).

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EMPLOYMENT AGREEMENT
Employment Agreement • October 3rd, 2007 • W Holding Co Inc • State commercial banks • Puerto Rico

EMPLOYMENT AGREEMENT dated September 5, 2007 (the “Agreement”) by and between Westernbank Puerto Rico, a bank organized and existing under the laws of the Commonwealth of Puerto Rico (the “Company”), W Holding Company, Inc., a corporation organized and existing under the laws of the Commonwealth of Puerto Rico and the financial holding company of the Company (the “Holding Company”), and Carlos Dávila (the “Executive”).

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