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ftwilliam.com / Wolters Kluwer
Benefit Comply, LLC
The Ryding Company
Nexus Administrators, Inc.
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|FDIC Guidance on the Payment of Severance by 'Troubled' Institutions and Covered Companies|
Winston & Strawn LLP
Oct. 18, 2010
Excerpt: The bottom line is that the new guidance prohibits a troubled institution from making, or agreeing to make, any severance payments unless the payments fall within one of the three permissible payments that a troubled entity may make ? and even then, the institution must receive prior supervisory approval to make the payments.
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