Cullen/Frost Bankers, Inc. Executive Severance AgreementChange-in-Control Agreement • February 4th, 2020 • Cullen/Frost Bankers, Inc. • National commercial banks
THIS AGREEMENT is made and entered into as of the [DAY] day of [MONTH], [YEAR], by and between Cullen/Frost Bankers, Inc. (hereinafter referred to as the “Company”) and [NAME] (hereinafter referred to as the “Executive”).
Deferred Stock Unit Award AgreementDeferred Stock Unit Award Agreement • February 4th, 2020 • Cullen/Frost Bankers, Inc. • National commercial banks • Texas
This Award Agreement sets forth the terms and conditions of an Award of Deferred Stock Units (“DSUs”) granted to you under the 2015 OMNIBUS INCENTIVE PLAN (the "Plan") as of [•].
AMENDMENT TO CULLEN/FROST BANKERS, INC. EXECUTIVE SEVERANCE AGREEMENTChange-in-Control 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.
