ContractChange of Control Employment Agreement • August 11th, 2008 • Hilb Rogal & Hobbs Co • Insurance agents, brokers & service • Virginia
[On July 15, 2008, the Board of Directors of the Company approved amended and restated Change of Control Employment Agreements for executives in order to bring the agreements into compliance with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended, and to clarify the Company’s obligation to pay retirement plan benefits upon termination of an executive in certain circumstances following a change of control.]
