Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 80

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 80
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 prior fiscal year that has not been paid.

The employment agreement for each of our named executives includes substantially the same definition of the events that constitute “constructive termination”: (1) a material reduction in the executive’s base salary or his authority, duties or responsibilities, (2) our material breach of the terms of the employment agreement, (3) an attempt to require the executive to engage in an illegal act (or to illegally fail to act) or (4) the relocation of the executive more than 30 miles from where he currently works (Mr. Mabry’s agreement refers to a “material” change in location). Upon the occurrence of an event constituting a constructive termination, the executive must promptly provide notice to us, and we are entitled to a reasonable

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opportunity to “cure” the constructive termination event. If we fail to reasonably cure the event, the executive must promptly separate from employment thereafter.

Change in Control. All change in control payments under our employment agreements are contingent on a “double trigger,” which requires both the consummation of a change in control and a subsequent termination of employment during the 24-month period following the change in control. The termination of employment must be by us without cause or a constructive termination initiated by the executive. The term “change in control” generally refers to (1) the acquisition by an unrelated person of not less than 50% of our common stock, (2) the sale of all or substantially all of our assets, (3) a merger in which we are not the surviving entity or (4) a change in a majority of the members of our board of directors that occurs within a specified period. Our employment agreements provide for the following cash payments in the event of a change in control:

|                                      |     | Messrs. Waycaster, McGraw and Chapman                                                                         |     | Mr. Mabry                                                                                                    |     | Mr. Perry                                                                                                    |
| Cash Payment                         |     | 2.99 X the sum of (1) base salary and (2) average bonus paid during the two years preceding change in control |     | 2.5 X the sum of (1) base salary and (2) average bonus paid during the two years preceding change in control |     | 2.0 X the sum of (1) base salary and (2) average bonus paid during the two years preceding change in control |
| COBRA continuation coverage premiums |     | Maximum of 18