Prosperity Bancshares amends Chairman Timanus employment with enhanced change-in-control benefits

PROSPERITY BANCSHARES INC

Updated employment agreement for Chairman H.E. Timanus, Jr.; base salary $559,290/year.
Change-in-control severance increased: now 3x base salary plus 3x average annual bonus.
Outstanding restricted stock fully vests upon a change in control.
Conflicts section revised to allow reasonable personal investments in competing businesses.

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