VOLUNTARY RESIGNATION AND RELEASE AGREEMENT Between Hopson B. Nance and Vesta Insurance Group, Inc.Voluntary Resignation and Release Agreement • May 25th, 2006 • Vesta Insurance Group Inc • Fire, marine & casualty insurance
This Voluntary Resignation and Release Agreement (“this Agreement”) between Hopson B. Nance (“Nance”), his agents, attorneys, heirs, executors, administrators, and assigns (collectively referenced “Nance and his agents and assigns”), and Vesta Insurance Group, Inc. (“Company”), and its every parent, affiliate, and subsidiary, as well as each of the foregoing’s officers, agents, directors, attorneys, employees, servants, successors and assigns (collectively referenced “Vesta”) controls the terms of the voluntary resignation of Nance as the Chief Financial Officer of the Company, the termination of the Employment Agreement between Nance and the Company dated February 23, 2003 (“Employment Agreement”), and the parties’ respective rights and obligations after the execution of this Agreement.
