Re: Termination of Employment and Severance AgreementTermination of Employment and Severance Agreement • December 30th, 2005 • South Financial Group Inc • State commercial banks
This letter confirms our agreement on the terms and conditions of the termination of your employment with The South Financial Group, Inc. (“Corporation”), which will be effective on or before December 31, 2006. Effective November 1, 2005, you agree that you shall work your usual fulltime schedule as Chief Risk and Administrative Officer through December 31, 2006, unless the Corporation elects to terminate your employment earlier, without notice. Your last day of employment shall be December 31, 2006 or an earlier date if the Corporation elects to terminate your employment sooner (“Termination Date”).
