Exhibit 10 R
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Amendment to Executive Employment Agreement
with Xxxxxx X. Xxxxx, III
Exhibit 10 R
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
This Agreement, entered into as of February 21, 2002, amends the
Executive Employment Agreement dated February 2, 2001 by and between Mercantile
Bankshares Corporation, Mercantile-Safe Deposit and Trust Company and Xxxxxx X.
Xxxxx, III.
The first sentence of the last paragraph of Section 8 of the Executive
Employment Agreement is hereby amended to read as follows:
"In the event that Employer terminates Executive's employment
without good cause during the original or any extended term of
this Agreement, all benefits (including salary) to Executive
provided for in this Agreement shall continue until the
expiration of the remaining term of this Agreement".
As so amended, the Executive Employment Agreement remains in full force
and effect.
IN WITNESS WHEREOF, the parties have executed this instrument as of
February 21, 2002.
WITNESS:
/s/ Xxxx X. Xxxxxx /s/ Xxxxxx X. Xxxxx, III (SEAL)
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XXXX X. XXXXXX XXXXXX X. XXXXX, III
ATTEST: MERCANTILE BANKSHARES
CORPORATION
/s/ Xxxx X. Xxxxxx By: /s/ Xxxx X. Xxxxx (SEAL)
--------------------- -----------------------------
XXXX X. XXXXXX XXXX X. XXXXX
Secretary Executive Vice President
ATTEST: MERCANTILE-SAFE DEPOSIT AND
TRUST COMPANY
/s/ Xxxx X. Xxxxxx By: /s/ J. Xxxxxxxx Xxxx (SEAL)
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XXXX X. XXXXXX J. XXXXXXXX XXXX
Secretary President
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