Schedule of Executive Officers with Employment Agreements – Independent Bank Group, Inc.
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Summary
This document lists executive officers of Independent Bank Group, Inc. who have signed employment agreements in the form previously filed with the SEC. It identifies James P. Tippit, Mark S. Haynie, and Michael Hobbs as parties, and outlines their employment start dates, base salaries, target bonus percentages, long-term incentive opportunities, and sign-on equity awards. The schedule clarifies how these individual agreements differ in specific terms from the standard form agreement referenced in the company's 2019 annual report.
EX-10.9B 8 exhibit109b201910-k.htm EXHIBIT 10.9B Exhibit
Exhibit 10.9(b)
SCHEDULE OF EXECUTIVE OFFICERS WHO HAVE EXECUTED AN EMPLOYMENT AGREEMENT IN THE FORM FILED AS EXHIBIT 10.9(a) TO THE ANNUAL REPORT ON FORM 10‑K OF THE COMPANY FOR THE YEAR ENDED DECEMBER 31, 2019 (this “Schedule”)
This Schedule of Executive Officers Who Have Executed an Employment Agreement relates to the form of Employment Agreement filed by Independent Bank Group, Inc. as Exhibit 10.9(a) to its Annual Report on Form 10‑K for the year ended December 31, 2019, as filed with the Securities and Exchange Commission on March 2, 2020 (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 Employment Agreements in such form as of March 2, 2020.
Executive Officer Who is a Party to such Employment Agreement | Date of Employment Agreement | Annual Base Salary | Target Annual Bonus Opportunity/ Percentage of Annual Base Salary | Target Annual LTI Opportunity/ Percentage of Annual Base Salary | Sign-On Equity Award | ||||
James P. Tippit | December 9, 2019 | $375,000 | 60 | % | 75 | % | 10,000 Shares | ||
Mark S. Haynie | December 9, 2019 | $400,000 | 75 | % | 90 | % | 15,000 Shares | ||
Michael Hobbs | December 9, 2019 | $500,000 | 100 | % | 125 | % | 20,000 Shares |