Common use of Share Ownership Guidelines Clause in Contracts

Share Ownership Guidelines. The Executive shall comply with TD’s executive share ownership guidelines, as they may be in effect from time to time, including the one-year holding period after termination of employment, provided that one-half of the value of shares that the guidelines require the Executive to hold shall be satisfied by the Executive holding TD shares, and the other half by holding Berlin Delaware shares.

Appears in 3 contracts

Sources: Employment Agreement (Banknorth Group Inc/Me), Retention Agreement (Banknorth Group Inc/Me), Employment Agreement (Banknorth Group Inc/Me)