Schedule of Executive Officers who have executed a Change in Control Agreement

EX-10.6(B) 3 exhibit106bchangeincontrol.htm EX-10.6(B) Document
Exhibit 10.6(b)

AMENDED SCHEDULE OF EXECUTIVE OFFICERS WHO HAVE EXECUTED A
CHANGE IN CONTROL AGREEMENT (this “Schedule”)

This Schedule of Executive Officers Who Have Executed a Change in Control Agreement relates to the form of Change in Control Agreement filed by Independent Bank Group, Inc. as Exhibit 10.1(a) to its Quarterly Report on Form 10‑Q for the quarter ended September 30, 2016, as filed with the Securities and Exchange Commission on October 27, 2016 (the “Form Agreement”). This Schedule is included pursuant to Instruction 2 of Item 601(a) of Regulation S-K for the purpose of setting forth the details in which the specific agreements executed in the form of the Form Agreement differ from the Form Agreement, and, in particular to set forth the persons who, with Independent Bank Group, Inc., were parties to the Change in Control Agreements in such form as of February 20, 2023.
Executive Officer Who is a Party to such Change in Control AgreementDate of Change in Control AgreementThe number of times the sum of (a) Executive’s current base salary plus (b) Executive’s target total annual bonus for the year of termination paid upon a Change in Control
David R. BrooksJuly 26, 20161Three (3) times
Daniel W. BrooksJuly 26, 20162Two and a half (2.5) times
James P. TippitJanuary 31, 20183Two (2) times
Michael B. HobbsDecember 11, 2020Two and a half (2.5) times
Paul B. LangdaleOctober 24, 2022Two (2) times


John G. Turpen’s Change In Control Agreement is included within his Employment Agreement dated July 15, 2021 (Exhibit 10.8 to this report) also includes a change in control provision at Section 4 which calls for the payment of two (2) times the sum of his base salary plus the sum of (x) the Annual Base Salary and (y) the greater of (i) the Annual Incentive Bonus Target Opportunity and (ii) the average Annual Incentive Bonus actually paid to Executive (before any tax withholding) during the three (3) completed years prior to the Date of Termination, for the calendar year in which the Date of Termination occurs. This Change in Control Agreement is automatically extended one year at a time unless 90-day notice is given that the agreement will not be extended.
1 Renewed July 14, 2022
2 Renewed July 14, 2022
3 Renewed December 8, 2022