• The Executive Compensation Provisions of the Emergency Economic Stabilization Act Applicable to Participation in the Treasury Department's Capital Purchase Program
  • December 21, 2009 | Author: Donald H. Meiers
  • Law Firm: Miles & Stockbridge P.C. - McLean Office
  • The following is a summary of the executive compensation-related provisions pertaining to the Treasury Department's first-to-beimplemented program - the Capital Purchase Program (CPP) - under which the Treasury Department has been making direct capital infusions in participating financial institutions of up to 3 percent of their risk-weighted assets (up to a maximum of $25 billion) in exchange for shares of their preferred stock and warrants.