RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENTRestrictive Covenants and General Release Agreement • December 20th, 2019 • Comerica Inc /New/ • National commercial banks • Texas
THIS RESTRICTIVE COVENANTS AND GENERAL RELEASE AGREEMENT (the “Agreement”) is entered into on December 17, 2019 between Ralph W. Babb, Jr. (hereafter “Executive”) and Comerica Incorporated, a Delaware corporation, for the benefit of Comerica Incorporated, Comerica Bank, a Texas banking association, all of their past, present and future subsidiaries, affiliates, predecessors, and successors, and all of their subsidiaries and affiliates, (hereafter all individually and collectively referred to as “Comerica”). This Agreement sets forth the complete understanding and agreement between Comerica and Executive relating to Executive’s employment and cessation of employment with Comerica. This Agreement shall be effective as of the Effective Date (as defined in Paragraph 19 below), and in the event the Effective Date does not occur, this Agreement shall be void ab initio.
