Amended and Restated Change in Control Agreement between Registrant and William K. Wray

Summary

This agreement is between the company (the Registrant) and William K. Wray, Senior Vice President of Risk Management. It outlines the terms for continued benefits if there is a change in control of the company. Under this agreement, Mr. Wray is entitled to receive a payment equal to two times his base salary and continued benefits for 24 months following such an event. The agreement is designed to provide financial security to the executive in the event of a significant change in the company's ownership or management.

EX-10.1 2 exhibit10110qqtr22015.htm EXHIBIT 10.1 TO FORM 10-Q 6-30-15 Exhibit 10.1 10Q Qtr 2 2015

EXHIBIT 10.1

TERMS OF AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT

The form of Amended and Restated Change in Control Agreement (the “Agreement”), filed as Exhibit 10.2 Registrant’s Quarterly Report on From 10-Q for the quarterly period ended September 30, 2014 contains blanks where the multiple of the executive’s base amount and the term of continued benefits provided under the Agreement vary for certain executives. On June 1, 2015, the Registrant entered into such an Agreement with the executive officer below, providing continued benefits for the term, and at the multiple of such executive's base amount, as listed in the following chart:



Executive Officer	Number of Times Base Amount Section (4a)	Term of Continued Benefits Section (4 b & c)
William K. Wray	2 times	24 months
Senior Vice President, Risk Management