Separation and Release AgreementSeparation and Release Agreement • December 11th, 2008 • South Financial Group Inc • State commercial banks
This Separation and Release Agreement (“Agreement”) is entered into as of December 10, 2008 by and between Kendall L. Spencer (“Executive”), Carolina First Bank (the “Company”) and The South Financial Group, Inc. (“TSFG”). The Company is a wholly-owned subsidiary of TSFG. Where the context permits, (i) “TSFG” includes TSFG and its affiliated subsidiary entities, including the Company, and (ii) “Company” includes the Company and its affiliated corporate entities, including TSFG.
