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.
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President and Chief Executive Officer
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Financial Institutions, Inc.
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December 23, 2008
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.
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Executive Vice President and Chief Financial
Officer
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Financial Institutions, Inc.
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December 23, 2008