Amendment to the Russell Goldsmith Amended and Restated Employment AgreementEmployment Agreement • March 16th, 2012 • City National Corp • National commercial banks
This document (“Amendment”) hereby amends the terms of the June 24, 2010 Amended and Restated Employment Agreement between Russell Goldsmith (“Goldsmith”), City National Bank (“CNB”), and City National Corporation (“Corporation”) (referred to as the “Agreement”). The terms of this Amendment shall control notwithstanding any provision in the Agreement to the contrary, and the terms of the Agreement shall be construed and interpreted consistent with the terms of this Amendment. Capitalized terms not otherwise defined herein shall have the same meaning as in the Agreement. Unless expressly stated herein, the terms of this Amendment shall not modify or amend any requirements or terms under the Agreement with respect to vesting or acceleration of any existing equity awards to Goldsmith. The parties shall take appropriate actions to ensure that all payments and awards described shall be deductible under IRC section 162(m) or are deferred and settled upon termination, and all new awards types
