End of Executive’s Employment and the Employment Agreement. Executive agrees that during the period commencing on the Effective Date (as defined in Section 18 below), and ending on the Separation Date, Executive shall assist with the transition of Executive’s current duties and responsibilities as President and Chief Executive Officer of TCBI and as Chief Executive Officer of TCB to his successor. Executive agrees to voluntarily resign from his position as Chief Executive Officer of TCB effective on June 11, 2013, and voluntarily resign from his position as President and Chief Executive Officer of TCBI and as a member of the TCBI and TCB board of directors as of the Separation Date. Executive’s employment with the Company shall terminate on the Separation Date. Prior to the Separation Date, Executive shall serve as President and Chief Executive Officer of TCBI, and as Vice Chairman of TCB until the Separation Date, shall continue to attend to his employment duties, as modified by this Agreement, and act in the normal course and scope of his employment, and, to the extent Executive remains employed during such period, the Company shall continue to pay Executive his base salary in accordance with Section 5(a) of the Employment Agreement. Effective as of the Separation Date, all of Executive’s director and officer positions with the Company and its affiliates and subsidiaries, including his position as President and Chief Executive Officer of TCBI and as Vice Chairman of TCB, shall terminate. Executive shall execute all documents and take such further steps as may be required to effectuate such termination(s). Executive agrees that Executive shall not make any representations or execute any documents, or take any other actions, on behalf of the Company as of or at any time after the Separation Date. Executive agrees that this Agreement fully supersedes any and all prior agreements relating to Executive’s employment, compensation and equity with the Company, all of which shall terminate upon the Separation Date including but not limited to the Employment Agreement (except for the Surviving Provisions defined below in Section 7 or except as otherwise expressly provided by this Agreement). In the event Executive’s employment is terminated by the Company without Cause (as defined in the Employment Agreement), or due to Executive death or “Total and Permanent Disability” (as defined by TCBI’s 2010 Long-Term Incentive Plan or any successor plan thereto (the “2010 Plan”)) prior to the Separation Date, the Company agrees to (...
End of Executive’s Employment and the Employment Agreement. The Parties agree that Executive’s employment with the Company terminated on March 30, 2012 (the “Separation Date”): Effective as of the Separation Date, all of Executive’s positions with the Company and its affiliates and subsidiaries, including her positions as Chief Executive Officer and director of the Company’s Board of Directors, and all other officer and director positions with any of its affiliates and subsidiaries, shall terminate. Executive shall execute all documents and take such further steps as may be required to effectuate such termination(s). Executive agrees that this Agreement fully supersedes any and all prior agreements relating to her employment with the Company, all of which shall terminate upon the Effective Date, including but not limited to the Employment Agreement (with the exception of the Surviving Provisions, as defined below).
End of Executive’s Employment and the Employment Agreement. Executive’s employment with the Company shall terminate on the Separation Date. Effective as of the Separation Date, all of Executive’s officer positions with the Company and its affiliates and subsidiaries, including his position as Chief Executive Officer of the Company, shall terminate. Executive shall execute all documents and take such further steps as may be required to effectuate such termination(s). Executive agrees that Executive shall not make any representations or execute any documents, or take any other actions, on behalf of the Company after the Separation Date. Executive agrees that this Agreement fully supersedes any and all prior agreements, except for the Surviving Provisions defined below, relating to Executive’s employment, compensation and equity with the Company, all of which shall terminate upon the Separation Date.
End of Executive’s Employment and the Employment Agreement. Executive has voluntarily resigned his employment with the Company. Executive’s employment with the Company shall terminate on the Separation Date. Prior to the Separation Date, Executive shall continue to attend to his employment duties and act in the normal course and scope of his employment. Effective as of the Separation Date, all of Executive’s director and officer positions with the Company and its affiliates and subsidiaries, including his position as Chief Executive Officer, shall terminate. Executive shall execute all documents and take such further steps as may be required to effectuate such termination(s). Executive agrees that Executive shall not make any representations or execute any documents, or take any other actions, on behalf of the Company as of the Separation Date. Executive agrees that this Agreement fully supersedes any and all prior agreements relating to Executive’s employment, compensation and equity with the Company, all of which shall terminate upon the Separation Date including but not limited to the Employment Agreement (except for the Surviving Provisions defined below or except as otherwise expressly provided by this Agreement).
