AMENDMENT TO SECOND AMENDED AND RESTATED CHANGE OF CONTROL AGREEMENT
EXHIBIT 99.2
AMENDMENT TO SECOND AMENDED AND
RESTATED CHANGE OF CONTROL AGREEMENT
RESTATED CHANGE OF CONTROL AGREEMENT
THIS AMENDMENT TO SECOND AMENDED AND RESTATED CHANGE OF CONTROL AGREEMENT (“Amendment”) is
entered into by and between Mid-America Bancshares, Inc., a Tennessee corporation (the “Company”),
and Xxxx X. Xxxxx (“Executive”) to be effective on August 15, 2007.
WITNESSETH:
WHEREAS, Executive is a party to one certain Second Amended and Restated Change of Control
Agreement (“Agreement”) signed on June 18, 2007; and
WHEREAS, the Company has agreed to be acquired by Pinnacle Financial Partners, Inc.
(“Pinnacle”) pursuant to one certain Agreement and Plan of Merger dated August 15, 2007; and
WHEREAS, Pinnacle has required that it be allowed to close the merger transaction in either
late 2007 or early 2008, assuming that all necessary shareholder and governmental approvals have
been obtained and all applicable waiting periods have expired; and
WHEREAS, the Company recognizes that a closing in late 2007 would be costly to the Executive;
AGREEMENT
NOW, THEREFORE, in consideration of the premises and the parties’ agreements herein contained,
the Company and the Executive hereby agree that:
1. Executive’s Right to An Adjusted Payment. Executive shall be entitled to a Change
of Control Payment (as defined in the Agreement) and all indemnities and reimbursements by the
Company calculated as if the merger had become effective on January 1, 2008 even if the transaction
becomes effective in calendar 2007.
2. No Other Amendment. Except as expressly amended in this Amendment, the Agreement
shall remain unamended, in full force and effect.
3. Closing in 2008. If the merger transaction closes in 2008, then this Amendment
shall have no force or effect.
IN WITNESS WHEREOF, this Agreement has been executed on August 15, 2007, to be effective
immediately.
MID-AMERICA BANCSHARES, INC. |
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By: | /s/ Xxxxx Xxxxx | |||
Xxxxx Xxxxx, President | ||||
/s/ Xxxx Xxxxx | ||||
XXXX X. XXXXX, Individually | ||||
PRIMETRUST BANK |
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By: | /s/ Xxxxx Xxxx | |||
Xxxxx X. Xxxx, President | ||||