0001104659-06-010167 Sample Contracts

SEVERANCE AGREEMENT AND MUTUAL GENERAL RELEASE OF CLAIMS
Severance Agreement and Mutual General Release of Claims • February 16th, 2006 • Pelican Financial Inc • National commercial banks • Florida

THIS SEVERANCE AGREEMENT AND MUTUAL GENERAL RELEASE OF CLAIMS (“AGREEMENT”) is being entered into between and among Pelican National Bank, N.A. (“Employer”), Pelican Financial, Inc. (“PFI”) and Howard B. Montgomery, Jr. (“Employee) (collectively the “Parties”) as of February 10, 2006.

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