Common Contracts
2 similar Executive Severance Agreement contracts by Cullen/Frost Bankers, Inc.
AMENDMENT TO CULLEN/FROST BANKERS, INC. EXECUTIVE SEVERANCE AGREEMENTExecutive Severance Agreement • February 4th, 2020 • Cullen/Frost Bankers, Inc. • National commercial banks
WHEREAS, the Company and the Executive have agreed to amend the Agreement, effective as of [MONTH] [DAY], [YEAR] (the “Effective Date”) to eliminate the provisions of the Agreement providing for gross up of excise taxes imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”) and to provide for cutback of amounts under the Plan so that payments to an individual do not exceed the safe harbor amount under Section 280G of the Code if such cutback would put the Executive in a net better after-tax position than paying the excise tax.
AMENDMENT TO CULLEN/FROST BANKERS, INC. EXECUTIVE SEVERANCE AGREEMENTExecutive Severance Agreement • February 6th, 2019 • Cullen/Frost Bankers, Inc. • National commercial banks
WHEREAS, the Company and the Executive have agreed to amend the Agreement, effective as of [MONTH] [DAY], [YEAR] (the “Effective Date”) to eliminate the provisions of the Agreement providing for gross up of excise taxes imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”) and to provide for cutback of amounts under the Plan so that payments to an individual do not exceed the safe harbor amount under Section 280G of the Code if such cutback would put the Executive in a net better after-tax position than paying the excise tax.
