ORIGINAL
UST Sequence
Number: 195
ANNEX
B
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.
|
/s/ Kim S.
Price
|
|
Kim S.
Price
|
President and
Chief Executive Officer
Citizens South
Banking Corporation
|
December 12,
2008
UST Sequence No. 195
ORIGINAL
UST Sequence Number: 195
ANNEX
B
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.
|
/s/ Gary F.
Hoskins
|
|
Gary F.
Hoskins
|
|
Chief Financial
Officer
|
|
Citizens South
Banking Corporation
|
ORIGINAL
UST Sequence Number: 1
