Common Contracts

2 similar Change of Control Severance Agreement contracts by Carter Bankshares, Inc.

CHANGE OF CONTROL SEVERANCE AGREEMENT (As Amended and Restated)
Change of Control Severance Agreement • March 12th, 2021 • Carter Bankshares, Inc. • National commercial banks • Virginia

THIS CHANGE OF CONTROL SEVERANCE AGREEMENT (the “Agreement”), originally dated and effective as of January 8, 2018, is effective this 20th day of November, 2020 (the “Effective Date”), by and between Carter Bankshares, Inc. (the “Holding Company”) and Carter Bank & Trust (the “Bank”) and Arthur Loran Adams (“Employee”).

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CHANGE OF CONTROL SEVERANCE AGREEMENT (As Amended and Restated)
Change of Control Severance Agreement • March 12th, 2021 • Carter Bankshares, Inc. • National commercial banks • Virginia

THIS CHANGE OF CONTROL SEVERANCE AGREEMENT (the “Agreement”), originally dated and effective as of August 1, 2017, is effective this 20th day of November, 2020 (the “Effective Date”), by and between Carter Bankshares, Inc. (the “Holding Company”) and Carter Bank & Trust (the “Bank”) and Tony E. Kallsen (“Employee”).

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