SEVERANCE AGREEMENTSeverance Agreement • September 5th, 2008 • Franklin Bank Corp • Savings institutions, not federally chartered • Texas
THIS SEVERANCE AGREEMENT (the “Agreement”) is made and entered into as of August 31, 2008 by and among FRANKLIN BANK CORP., a Delaware corporation (the “Company”), FRANKLIN BANK, S.S.B., a Texas savings bank and wholly-owned subsidiary of the Company (the “Bank”) and DANIEL E. COOPER (“Executive”). The Company, the Bank and Executive are each a “Party” and collectively, the “Parties.”
