Re: Termination of Employment and Severance AgreementTermination of Employment and Severance Agreement • January 19th, 2006 • South Financial Group Inc • State commercial banks
This letter confirms our agreement, effective November 1, 2005, as to 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. This letter supercedes our letter agreement dated December 30, 2005 and is intended to clarify the intent of the parties. Effective November 1, 2005, you agree that you will 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.
