Chris Bagley Executive Vice President Employment Terms Agreement
This agreement outlines the proposed employment terms for Chris Bagley as Executive Vice President. It specifies an annual salary of $350,000, a 2014 bonus of $350,000 to be paid before year-end, and incentive targets for 2015. The agreement also includes grants of restricted stock that vest on specified dates, participation in a supplemental retirement plan, and provision of a company car. These terms set out the compensation and benefits Chris Bagley will receive in his executive role.
EXHIBIT 10 (PP)
Chris Bagley
Proposed Employment Details:
Title:Executive Vice President
Salary:$350,000 per year
2014 Bonus: $350,000 to be paid before 12/31/14
2015 Short Term Incentive:Target = 50% of base salary
2015 Long Term Incentive:Target = 50% of base salary
Restricted Stock Grant:40,000 shares of BXS to fully vest on 2/1/15
35,000 shares of BXS to fully vest on 2/1/18
Supplemental Retirement:15% SERP Plan
Auto: Company provided auto
