RELEASE AND SEVERANCE AGREEMENT PLEASE READ CAREFULLYRelease and Severance Agreement Please Read Carefully • January 5th, 2016 • Independence Bancshares, Inc. • National commercial banks • South Carolina
Contract Type FiledJanuary 5th, 2016 Company Industry JurisdictionThis Release and Severance Agreement (the “Agreement”) is made and entered into by and between Gordon A. Baird (“Executive”) and Independence Bancshares, Inc., a South Carolina corporation and holding company of Independence National Bank, a national bank, as well as any affiliated or related entities, subsidiaries, or divisions, and the shareholders, directors, officers, employees, and agents thereof (collectively referred to herein as the “Company”).