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3"(am) The borrower enters into the agreement under sub. (3m).".
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5"
(3m) Compensation agreement. (a) An eligible borrower shall enter into an
6agreement with the authority that includes all of the following provisions:
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1. No officer or employee of the eligible borrower who received total
8compensation in the year 2000 in excess of $300,000 may receive annual
9compensation in excess of $300,000 during the first 2 years of the loan term.
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2. No officer or employee of the eligible borrower who received total
11compensation in the year 2000 in excess of $300,000 may receive severance pay or
12other benefits in excess of $600,000 during the first 2 years of the loan term.
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13. After the first 2 years of the loan term and while collection of any of the loan
2principal is guaranteed under this section, the total compensation of any officer or
3employee of the eligible borrower who received total compensation in the year 2000
4in excess of $300,000 may be increased each year by no more than the average
5percentage change in the consumer price index for all urban consumers, U.S. city
6average, for the calendar year ending on the preceding December 31, as computed
7by the federal department of labor.
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(b) If an eligible borrower fails to comply with any of the provisions under par.
9(a), the eligible borrower shall be required to pay to the authority 10% of the original
10principal amount guaranteed under this section with respect to the eligible
11borrower.".
