Exhibit 10.3
 

 
WAIVER
 
In consideration for the benefits I will receive as a result of the
participation of 1st Source Corporation (which is either my employer or the sole
shareholder of my employer) in the United States Department of the Treasury’s
TARP Capital Purchase Program, I hereby voluntarily waive any claim against the
United States, 1st Source Corporation and 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 1st Source
Corporation or my employer or in which I participate as they relate to the
period the United States holds any equity or debt securities of 1st Source
Corporation 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.

 

Dated:
           
[Signature of Senior Executive Officer]