Exhibit 10.2


 


Form 


November 3, 2019


 


[NAME]


At the address on file with the Corporation


 


Dear ________________:


As a key employee of First Horizon National Corporation
(the “Corporation” and, together with First Horizon Bank and its other affiliates from time to time, the “Bank”),
you are aware that the Corporation is contemplating entering into a definitive merger agreement (the “Merger Agreement”)
under which the Corporation will merge with IBERIABANK Corporation (the “Proposed Transaction”).


Given your role in the success of the combined company,
we would like to align your interests with the long-term interests of our shareholders, to incentivize
you to remain employed with the Bank following the Proposed Transaction, and to provide for certain modifications to your existing
contractual rights, as set forth in this letter agreement (this “Agreement”).


This Agreement is
personal to you and it is a condition to your receipt of any of the amounts herein that you keep them confidential and do not discuss
these terms with anyone other than myself, Human Resources, Legal or our CEO, and in confidence, your spouse or partner, financial
and/or legal advisor, each of whom will also be under an obligation to keep these amounts and terms confidential (unless the terms
of this Agreement are otherwise publicly disclosed by the Bank). Capitalized terms used in this Agreement (but not defined in this
Agreement) shall have the respective meanings assigned such terms in your CIC Severance Agreement (as defined below).


		1.	Future Role



 


Following the closing of the Proposed Transaction (the
“Closing”), you will take on a new role at the Bank. The attached Schedule A sets forth your new title,
to whom you will report, and your work location (in each case, commencing immediately following the Closing).


 


2.                 
Acknowledgements


 


You hereby acknowledge that you will not have “Good
Reason” under that certain change in control severance agreement by and between you and the Corporation (the “CIC
Severance Agreement”) solely as a result of (a) the closing of the Proposed Transaction or (b) your new role at the Bank
as contemplated under Section 1 of this Agreement (including your title, reporting line and work location set forth on Schedule
A) and any corresponding change in duties and responsibilities commensurate with your new role. For purposes of clarity, except
as modified in this Section 2, nothing in this Agreement is intended to amend, alter or otherwise change the payments and benefits
to which you may become entitled under the CIC Severance Agreement, which shall survive in its entirety, in accordance with its
terms.


 


		3.	Closing Incentive Award



 


The Bank hereby agrees to grant to you a restricted stock
award (the “Closing Incentive Award”) prior to the Closing. The number of shares underlying the Closing Incentive
Award shall equal the quotient 



     


     


    

(rounded down to the nearest whole number) of $[_______], divided by the volume weighted average
price for shares of the Corporation’s common stock over the 10-trading day period immediately prior to the grant date, which
will be November 18, 2019. The Closing Incentive Award shall vest in full on the date that is 12 months following the Closing,
subject to your continued employment through such date, or, if earlier, if your employment with the Bank and its affiliates is
terminated by the Bank other than for Cause; provided that if the Proposed Transaction is terminated prior to the occurrence of
the Closing, then the Closing Incentive Award shall be forfeited. The Closing Incentive Award will be subject to repayment and
recovery in full by the Bank if you materially violate the provisions of Exhibit A of this Agreement, as reasonably determined
by the Corporation’s board of directors (the “Board”). You will not be found to have materially violated
Exhibit A of this Agreement for any purpose of this Agreement until the Bank has provided you written notice setting forth in reasonable
detail the determination of material violation and such basis has not been cured within 30 days (provided that such notice must
be given to you within 30 days of a senior executive officer of the Corporation becoming aware of such basis), and you have been
delivered of a resolution duly adopted by the vote of not less than three-quarters of the entire membership of the Board that you
were guilty of such material violation and specifying the particulars thereof in detail. If you request, you may appear with counsel
before the Board (which may be by teleconference) during such 30-day period.


 


		4.	Restrictive Covenants



 


You acknowledge
and recognize the highly competitive nature of the businesses of the Bank, and accordingly agree to the provisions of Exhibit A
to this Agreement.


 


		5.	Assignment



This Agreement is personal to you and may not be assigned
by you (other than as required by legal process, including the laws of succession and descent). This Agreement shall inure to the
benefit of and be binding upon the Bank and its successors. The Bank shall require, if not otherwise required by operation of law,
any successor to the business, whether direct or indirect, by purchase, merger, consolidation, acquisition of stock or otherwise,
to assume and perform this Agreement in the same manner and to the same extent as the Bank would be required to perform if no such
succession has taken place.


		6.	Governing Law



This Agreement shall be governed by and construed in
accordance with the law of the State of Tennessee without reference to principles of conflict of laws.


		7.	Termination



In the event the Transaction is terminated without the
Closing having occurred, this Agreement shall automatically terminate be null and void ab initio.


		8.	Effect on Existing Employment



This Agreement shall not be construed as giving you the
right to be retained in the employ of, or in any consulting relationship to, the Bank or its successor (or any parent or affiliate).
You acknowledge and understand that your employment with the Bank is on an “at will” basis.


2



     


     


    

 9.       No
Trust Fund


This Agreement shall not be construed to create a trust
or separate fund of any kind or a fiduciary relationship between the Bank and you or any other person, and to the extent that you
acquire the right to receive payments from the Bank under this Agreement, such right shall be no greater than the right of any
unsecured general creditor of the Bank.


10.       Amendment


This Agreement may not be amended or modified other than
by a written agreement executed by you and the Bank or its successors, nor may any provision hereof be waived other than by a writing
executed by you or the Bank or its successors.


11.       Entire
Agreement


This Agreement and the documents referred to herein or
delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to the subject
matter hereof and thereof. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings
with respect to the subject matter hereof other than those expressly set forth herein and therein. Except as specifically provided
herein, this Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter.


12.       Counterparts


This Agreement may be signed in counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.


		13.	Section 409A of the Code



The Bank intends that this Agreement comply with Section
409A to the extent that the requirements of Section 409A are applicable hereto (and not exempt pursuant to the short term deferral
exception under Treas. Reg. Section 1.409A - 1(b)(4) or otherwise), and the provisions of this Agreement shall be construed in
a manner consistent with that intention. If the Bank believes, at any time, that any payment or benefit under this Agreement that
is subject to Section 409A does not so comply, this Agreement will be interpreted or reformed in the manner necessary to achieve
compliance with Section 409A. If and to the extent required to comply with Section 409A, (i) no payment or benefit required to
be paid under this Agreement on account of termination of your employment shall be made unless and until you incur a “separation
from service” within the meaning of Section 409A and (ii) if you are a “specified employee”, then no payment
or benefit that is payable on account of your “separation from service”, as that term is defined for purposes of Section
409A, shall be made before the date that is six months after your “separation from service” (or, if earlier, the date
of your death). While the payments and benefits provided hereunder are intended to be structured in a manner to avoid the implication
of any penalty taxes under Section 409A, you recognize and agree that taxes, interest, and penalties imposed under Section 409A
are imposed on the employee and not the paying company.


3



     


     


    

We thank you in advance for the valuable contribution
which you have made and which we are sure you will continue to make to the Bank.


Yours truly,


 


FIRST HORIZON NATIONAL CORPORATION:


 


_______________________________


[NAME]


[TITLE]


 


 


 


 


ACCEPTED AND AGREED:


 


_______________________________


[NAME]


 


 


 


4



     


     


    

Schedule A


 


Title: [________] of the Corporation


Officer to Whom You Will Report: Chief Executive
Officer of the Corporation


Employment Location: Memphis, Tennessee




    	 



    	 



    

 


Exhibit A


 


Restrictive
Covenants


		1.	Restrictive Covenants.



		a)	Non-Solicitation



During the one year
period following the Closing (the “Restricted Period”), you will not, in any manner, directly or indirectly
(without the prior written consent of the Bank): (1) Solicit any Client to transact business with a Competitive Enterprise
or to reduce, end, diminish or refrain from doing any business with the Bank, (2) transact business with any Client that would
cause you to be a Competitive Enterprise under the definition of Competitive Enterprise above or (3) interfere with or damage
any relationship between the Bank and a Client (other than in the good faith performance of your duties).


During the Restricted
Period, you will not Solicit anyone who is then an employee of the Bank (or who was an employee of the Bank within the prior 12
months) to resign from or refrain from renewing or extending such employment with the Bank or to apply for or accept employment
with any other business or enterprise.


This Section 1(a)
shall in no event apply to general solicitations pursuant to written or electronic media (including posting of advertisements which
are not targeted directly or indirectly towards Bank employees or consultants). It shall not be a violation of the foregoing for
you to serve as a reference.


For purposes of this
Exhibit A, (i) a “Client” means any client or customer, or person whom the Bank (including Crescent) has taken
material steps to make a prospective client or customer, of the Bank to whom you provided services, or for whom you transacted
business, or whose identity became known to you in connection with his relationship with or employment by the Bank; (ii) “Competitive
Enterprise” means any business enterprise that either (A) engages in the commercial banking business or in any other
financial services business that competes with a material portion of the business in which the Bank is then engaged or (B) holds
directly, or (to your knowledge) indirectly, a controlling interest in any enterprise that engages in such competitive activity;
and (iii) “Solicit” means any direct or indirect communication of any kind, regardless of who initiates it,
that in any way invites, advises, encourages or requests any person to take or refrain from taking any action.


		b)	Non-Disparagement



During the Restricted
Period and thereafter, except as may be required by law or any legal process, any statutory obligation or order of any court or
statutory tribunal of competent jurisdiction, or as is reasonably necessary in connection with any adversarial proceeding against
the Bank, (1) you will not, in any manner, directly or indirectly make or publish any statement (orally or in writing) that would
libel, slander, disparage, denigrate, ridicule or criticize the Bank or any of its employees, officers or directors, and (2) the
Bank will make no official statement and will instruct its directors and executive officers not to, in any manner, directly or
indirectly make or publish any statement (orally or in writing) that would libel, slander, disparage, denigrate, ridicule or criticize
you.


		c)	Confidentiality



During the Restricted
Period and thereafter, you will hold in a fiduciary capacity for the benefit of the Bank all trade secrets and confidential information,
knowledge or data relating to the Bank and its businesses and investments, which will have been obtained by you during your employment
by or 



     


     


    

service to the Bank and which is not generally available public knowledge (other than by acts by you in violation of this
Agreement). In the event of any dispute between you and the Bank with respect to this Agreement or otherwise, any information relating
to such dispute (including the existence and nature of the dispute, any fact or information in any way pertaining to the process
of resolving the dispute, any information obtained over the course of the dispute, or to the fact of or any term that is part of
a resolution or settlement of any dispute) will be considered to be confidential information subject to your obligations under
this Section 1(d) and you and the Bank agree to keep all such information confidential. Except as may be required or appropriate
in connection with your carrying out your duties under this Agreement, you will not, without the prior written consent of the Bank
or as may otherwise be required by law or any legal process, any statutory obligation or order of any court or statutory tribunal
of competent jurisdiction, or as is necessary in connection with any adversarial proceeding against the Bank (in which case you
will use your reasonable best efforts in cooperating with the Bank in obtaining a protective order against disclosure by a court
of competent jurisdiction), communicate or divulge any such trade secrets, information, knowledge or data to anyone other than
the Bank and those designated by the Bank or on behalf of the Bank in the furtherance of its business or to perform duties hereunder.
Notwithstanding anything to the contrary in the Agreement (including this Exhibit A) or otherwise, nothing shall (a) limit your
rights under applicable law to provide truthful information to any governmental entity or to file a charge with or participate
in an investigation conducted by any governmental entity or (b) prohibit you from making disclosure to your legal and financial
advisors (who will also be under an obligation to keep such disclosures confidential).


You are hereby notified
that the immunity provisions in Section 1833 of title 18 of the United States Code provide that an individual cannot be held criminally
or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that is made (1) in confidence
to federal, state or local government officials, either directly or indirectly, or to an attorney, and is solely for the purpose
of reporting or investigating a suspected violation of the law, (2) under seal in a complaint or other document filed in a lawsuit
or other proceeding, or (3) to your attorney in connection with a lawsuit for retaliation for reporting a suspected violation of
law (and the trade secret may be used in the court proceedings for such lawsuit) as long as any document containing the trade secret
is filed under seal and the trade secret is not disclosed except pursuant to court order.


		d)	Injunctive Relief



In the event of a
breach or threatened breach of this Exhibit A, you acknowledge and agree that damages would be inadequate and insufficient and
that the Bank will be entitled to injunctive relief in a court of appropriate jurisdiction to remedy any such breach or threatened
breach. No bond will be needed for the Bank to receive such injunctive relief, and no proof will be required that monetary damages
for violations of this Exhibit A would be difficult to calculate and that remedies at law would be inadequate. The parties acknowledge
that the potential restrictions on your future employment imposed by this Exhibit A are reasonable in both duration and geographic
scope and in all other respects.


No termination of
your employment under the Agreement will in any way affect your obligations under this Exhibit A, which will continue in all respects
and unaffected by any such termination. Your willingness to enter into the Agreement (including this Exhibit A) is a material inducement
to the Bank to enter into the Proposed Transaction and proceed with the transactions the Merger Agreement contemplates. The continuity
of the Bank’s management following the Proposed Transaction, including you, is a critical factor in the Bank’s assessment
of the likely benefits to be derived from the Proposed Transaction. In view of your importance to success of the Proposed Transaction,
if you compete with the Bank for some time after your employment, the Bank will likely suffer significant harm. The Agreement provides
you with substantial additional benefits over your prior arrangements with the Bank, including the substantial additional compensation
referred to in Sections 1 and 3 of the Agreement. In return for the benefits you will receive from the Bank and to induce the Bank
to enter into the Merger Agreement and 



     


     


    

this Agreement, and in light of the potential harm you could cause the Bank, you agree to
the provisions of this Exhibit A. The Bank would not have entered into the Agreement if you did not agree to this Exhibit A. Thus,
this Exhibit A is an integral part of this Agreement and, if it is determined following challenge by you (or with your consent)
that it is unenforceable or invalid to any material extent, the Agreement will be null and void.


f)       Early
Termination


Notwithstanding any
other provision of this Exhibit A, in the event that following the Closing (i) your employment is terminated by the Bank without
Cause or (ii) you resign from employment with the Bank for Good Reason (as defined in your CIC Severance Agreement), Section 1(a)
of this Exhibit A shall cease to apply as of the date of such termination or resignation.


		2.	Other Agreements



The restrictive covenants and other obligations
contained in this Exhibit A are independent of, supplemental to, and do not modify, supersede or restrict (and shall not be modified,
superseded or restricted by) any non-competition, non-solicitation, confidentiality or other restrictive covenants in any other
current or future agreement between you and the Bank (or any successor thereto), unless reference is made to the specific provisions
of this Exhibit A which are intended to be superseded.