other material
confidence high
sentiment neutral
materiality 0.50
United Community Banks enters employment agreement with Chief Banking Officer Bradshaw
UNITED COMMUNITY BANKS INC
- Base salary of no less than $675,000; annual cash incentive target at least 100% of base salary.
- Long-term incentive target of at least 125% of base salary with retirement vesting provisions after age 67.
- One-year term automatically renews annually unless notice of nonrenewal given; change-in-control agreement supersedes.
- Severance on termination without cause or for good reason: 1.5x base salary + target incentive + 18 months COBRA.
- Restrictive covenants include perpetual confidentiality, mutual non-disparagement, and one/two-year non-solicit.