Last Day of Employment; Execution. Executive has been employed by the Company as its Executive Vice President and Chief Lending Officer, and the Company and Executive have entered into an Amended and Restated Employment Agreement, dated as of ______________, 2016 (the "Employment Agreement"), which provides for payments to be made to Executive by the Company in the event that Executive's employment is terminated under certain circumstances. Executive's last day of employment with the Company will be ____________, 20___ ("last day of employment"). Any capitalized terms used but not defined herein shall have the meanings ascribed to them in the Employment Agreement. As of the last day of employment, Executive will cease to be an employee of the Company and will not be eligible to receive any future salary or benefits of employment except as described in this Agreement and General Release of Claims (this "Agreement"); provided that no later than the first regularly scheduled payroll date following the payroll period in which the last day of employment occurs, the Company will pay Executive all Accrued Obligations, regardless of whether Executive signs this Agreement. Based on Executive's last day of employment on ___________, Executive is entitled to payment from the Company of Accrued Obligations in the amount of $_________. Executive understands and affirms that he will not execute this Agreement prior to the last day of employment. Executive was first presented with this Agreement on ________________, and acknowledges being offered twenty-one (21) days within which to consider this Agreement. If Executive elects to execute this Agreement at any time prior to the end of such twenty-one (21)-day period, such early signing was a knowing and voluntary waiver of Executive's right to consider this Agreement for twenty-one (21) days and was due to Executive's belief that he had ample time in which to consider and understand the Agreement and review this Agreement with an attorney.
