Exhibit 10.3
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 any state or territory thereof or my employer or any of
its directors, officers, employees and agents for any changes to my
compensation or benefits that are required in order to comply with
Section 111 of the Emergency Economic Stabilization Act of
2008, as amended (“ EESA ”), and rules,
regulations, guidance or other requirements issued thereunder
(collectively, the “ EESA Restrictions
”).
I acknowledge that the EESA Restrictions may
require modification of the employment, compensation, bonus,
incentive, severance, retention and other benefit plans,
arrangements, policies and agreements (including so-called
“golden parachute” agreements), whether or not in
writing, that I have with my employer or in
