Document:

Termination & Amendment Agmt with Ronald F. Knight

    Exhibit
      10.1

     

    TERMINATION
      AND AMENDMENT AGREEMENT

    

    

    This
      Termination and amendment Agreement dated as of December 30, 2005, amends the
      Amended and Restated Employment Agreement dated as of February 24, 2005
      (“Employment Agreement”), by and between Ronald F. Knight (“Executive”) and
      Cavalry Bancorp, Inc. (the “Company”) and terminates the Executive Agreement
      dated May 22, 2002, as amended by the First Amendment dated November 24, 2004,
      between Executive and Cavalry Banking (the “Bank”), a wholly-owned subsidiary of
      the Company (as amended, the “Executive Agreement”).

    

    WHEREAS,
      the Company is a party to an Agreement and Plan of Merger by and between the
      Company and Pinnacle Financial Partners, Inc., dated as of September 30, 2005
      (the “Merger Agreement”).

    

    WHEREAS,
      the parties desire to amend the Employment Agreement and terminate the Executive
      Agreements in order to address certain federal income tax issues arising under
      Section 280G of the Internal Revenue Code upon consummation of the Merger
      Agreement and to provide certain protections to the Company in certain
      events.

    

    NOW,
      THEREFORE, the parties agree as follows:

    

    1. Except
      as
      specifically modified herein, the terms of the Employment Agreement remain
      in
      force and effect (the Employment Agreement, as amended hereby, is hereinafter
      referred to as the “Agreement”).

    

    2. The
      parties agree in accordance with the regulations issued under Section 409A
      of
      the Internal Revenue Code, that concurrently with the execution hereof,
      Executive shall receive a one-time payment of $787,249.00 and the Executive
      Agreement shall be terminated and of no further force and effect.

    

    3. In
      the
      event of a Change in Control, as defined in Section 5(a) of the Employment
      Agreement, the amount of the payment made under Section 2 above shall be
      excluded from the calculation of “base amount” under Section 5(c) of the
      Employment Agreement.

    

    4. Section
      11(a) of the Employment Agreement shall be modified to add the following
      sentence at the end of said Section 11(a):

    

    “Notwithstanding
      the foregoing, no payment by the Company shall be required for the first twelve
      months of the non-competition period otherwise provided for
      herein.”

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Termination and Amendment
      Agreement on December 30, 2005.

     

     

    

      

      
        	 	
                Executive:

              
	 	
                

              
	 	
                Ronald
                  F. Knight

              
	 	 

      

      

      

      
        	 	
                CAVALRY
                  BANCORP, INC.

              
	
                by:

              	 
	 	
                William
                  S. Jones

              
	 	 

      

      

      

      
        	 	
                CAVALRY
                  BANKING

              
	
                by:

              	 
	 	
                Ira
                  B. Lewis, Jr.Termination and Amendment Agmt with William S. Jones

    Exhibit
      10.2

    

      TERMINATION
        AND AMENDMENT AGREEMENT

      

      

      This
        Termination and amendment Agreement dated as of December 30, 2005, amends
        the
        Employment Agreement dated as of February 24, 2005 (“Employment Agreement”), by
        and between William S. Jones (“Executive”) and Cavalry Bancorp, Inc. (the
“Company”) and terminates the Executive Agreement dated May 20, 2002, as amended
        by the First Amendment dated November 24, 2004, between Executive and Cavalry
        Banking (the “Bank”), a wholly-owned subsidiary of the Company (as amended, the
“Executive Agreement”).

      

      WHEREAS,
        the Company is a party to an Agreement and Plan of Merger by and between
        the
        Company and Pinnacle Financial Partners, Inc., dated as of September 30,
        2005
        (the “Merger Agreement”).

      

      WHEREAS,
        the parties desire to amend the Employment Agreement and terminate the Executive
        Agreements in order to address certain federal income tax issues arising
        under
        Section 280G of the Internal Revenue Code upon consummation of the Merger
        Agreement and to provide certain protections to the Company in certain
        events.

      

      NOW,
        THEREFORE, the parties agree as follows:

      

      1. Except
        as
        specifically modified herein, the terms of the Employment Agreement remain
        in
        force and effect (the Employment Agreement, as amended hereby, is hereinafter
        referred to as the “Agreement”).

      

      2. The
        parties agree in accordance with the regulations issued under Section 409A
        of
        the Internal Revenue Code, that concurrently with the execution hereof,
        Executive shall receive a one-time payment of $801,880.00, and the Executive
        Agreement shall be terminated and of no further force and effect.

      

      3. In
        the
        event of a Change in Control, as defined in Section 5(a) of the Employment
        Agreement, the amount of the payment made under Section 2 above shall be
        excluded from the calculation of “base amount” under Section 5(c) of the
        Employment Agreement.

      

      4. Section
        11(a) of the Employment Agreement shall be modified to add the following
        sentence at the end of said Section 11(a):

      

      “Notwithstanding
        the foregoing, no payment by the Company shall be required for the first
        twelve
        months of the non-competition period otherwise provided for
        herein.”

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have executed this Termination and Amendment
        Agreement on December 30, 2005.

    

     

    
 

    
      	 	
              Executive:

            
	 	
              

            
	 	
              William
                S. Jones

            
	 	 

    

    

    

    
      	 	
              CAVALRY
                BANCORP, INC.

            
	
              by:

            	 
	 	
              Ronald
                F. Knight

            
	 	 

    

    

    

    
      	 	
              CAVALRY
                BANKING

            
	
              by:

            	 
	 	
              Ira
                B. Lewis, Jr.Amendment to Agreements with Hillard C. Gardner

    Exhibit
      10.3

    
 

    AMENDMENT
      NO. 1 TO

    AGREEMENTS

    

    

    This
      amendment dated as of December 30, 2005, amends the Agreement dated as of March
      1, 1999 (“Change in Control Agreement”) by and between Hillard C. Gardner
      (“Executive”), Cavalry Banking (“Bank”) and Cavalry Bancorp, Inc. (“Company”)
      and the Non-Competition, Non-Disclosure and Non-Solicitation Agreement dated
      as
      of September 11, 2004, between Executive and the Bank (“Non-Competition
      Agreement” and collectively with the Change in Control Agreement, the “Original
      Agreements”).

    

    WHEREAS,
      the Company is a party to an Agreement and Plan of Merger by and between the
      Company and Pinnacle Financial Partners, Inc. dated as of September 30, 2005
      (the “Merger Agreement”);

    

    WHEREAS,
      the parties desire to amend the Original Agreements in order to address certain
      federal income tax issues arising under Section 280G of the Internal Revenue
      Code upon the consummation of the Merger Agreement and to provide for certain
      protections to the Company in certain events;

    

    NOW,
      THEREFORE, the parties agree as follows:

    

    1. Except
      as
      specifically modified herein, the terms of the Original Agreements remain in
      force and effect (the Original Agreements, as amended hereby, are hereinafter
      referred to as the “Agreements”).

    

    2. The
      parties agree that the term of the Change in Control Agreements are extended
      for
      one year, in accordance with the provisions of Section 1.

    

    3. The
      parties agree that concurrently with the execution hereof, Executive shall
      receive a one-time payment of $20,000.00.

    

    4. In
      the
      event of a Change in Control, as provided in the Change in Control Agreement,
      the amount which would otherwise be paid under Section 5 (Change in Control)
      shall be limited so that the “base amount” as calculated pursuant to Section
      5(c) shall exclude the payment provided in Section 3 above, and the total paid
      under Section 5(c) shall be reduced by the amount of the payment provided in
      Section 3 above.

    

    5. The
      period of the non-competition agreement contained in Section 2 of the Agreement
      shall be amended to 13 months instead of 12 months.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Amendment No. 1 on December
      30,
      2005.

     

    

      

      
        	 	
                Executive:

              
	 	
                

              
	 	
                Hillard
                  C. Gardner

              
	 	 

      

      

      

      
        	 	
                
                  CAVALRY
                    BANKING

                

              
	
                by:

              	 
	 	
                Ira
                  B. Lewis, Jr.

              
	 	 

      

      

      

      
        	 	
                CAVALRY
                  BANCORP, INC.

              
	
                by:

              	 
	 	
                William
                  S. Jones

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