exv10w3






Exhibit 10.3




UST Seq. No. 595




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.e. Reliance
Bancshares, Inc.), I hereby voluntarily waive any claim against the United States or 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 my employer or in which I participate as they relate to the
period the United States holds any equity or debt securities of my employer 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.




	 	 	 	 	 
	Date: February 13, 2009	 	
	 	 	 
	 

	 	Name:
	 	Jerry S. Von Rohr
	 

	 	Title:
	 	Chairman, President and
	 

	 	 	 	Chief Executive Officer of
	 

	 	 	 	Reliance Bancshares, Inc.




















 





UST Seq. No. 595




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.e. Reliance
Bancshares, Inc.), I hereby voluntarily waive any claim against the United States or 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 my employer or in which I participate as they relate to the
period the United States holds any equity or debt securities of my employer 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.




	 	 	 	 	 
	Date: February 13, 2009	 	
	 	 	 
	 

	 	Name:
	 	Dale E. Oberkfell
	 

	 	Title:
	 	Executive Vice President and
	 

	 	 	 	Chief Financial Officer of
	 

	 	 	 	Reliance Bancshares, Inc.




















 





UST Seq. No. 595




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.e. Reliance
Bancshares, Inc.), I hereby voluntarily waive any claim against the United States or 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 my employer or in which I participate as they relate to the
period the United States holds any equity or debt securities of my employer 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.




Date: February 13, 2009






 


Name: David S. Matthews

Title: Market President,

Phoenix, Arizona of

Reliance Bancshares, Inc.

















 





UST Seq. No. 595




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.e. Reliance
Bancshares, Inc.), I hereby voluntarily waive any claim against the United States or 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 my employer or in which I participate as they relate to the
period the United States holds any equity or debt securities of my employer 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.




	 	 	 	 	 
	Date: February 13, 2009	 	
	 	 	 
	 

	 	Name:
	 	Daniel Jasper
	 

	 	Title:
	 	Vice Chairman and
	 

	 	 	 	Chief Executive Officer of
	 

	 	 	 	Reliance Bancshares, Inc.




















 





UST Seq. No. 595




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.e. Reliance
Bancshares, Inc.), I hereby voluntarily waive any claim against the United States or 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 my employer or in which I participate as they relate to the
period the United States holds any equity or debt securities of my employer 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.




	 	 	 	 	 
	Date: February 13, 2009	 	
	 	 	 
	 

	 	Name:
	 	Daniel S. Brown
	 

	 	Title:
	 	Executive Vice President and
	 

	 	 	 	Chief Lending Officer of
	 

	 	 	 	Reliance Bancshares, Inc.