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EXHIBIT 10.2 FIRST AMENDMENT TO THE GREENE COUNTY BANCSHARES, INC. NON-COMPETITION AGREEMENT DATED NOVEMBER 24, 2003 FOR R. STAN PUCKETT

NonCompetition Agreement

EXHIBIT 10.2  FIRST AMENDMENT TO THE GREENE COUNTY BANCSHARES, INC. NON-COMPETITION AGREEMENT DATED NOVEMBER 24, 2003 FOR  R. STAN PUCKETT | Document Parties: GREENE COUNTY BANCSHARES INC | R. STAN PUCKETT You are currently viewing:
This NonCompetition Agreement involves

GREENE COUNTY BANCSHARES INC | R. STAN PUCKETT

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Title: EXHIBIT 10.2 FIRST AMENDMENT TO THE GREENE COUNTY BANCSHARES, INC. NON-COMPETITION AGREEMENT DATED NOVEMBER 24, 2003 FOR R. STAN PUCKETT
Date: 5/5/2005
Industry: Regional Banks     Sector: Financial

EXHIBIT 10.2  FIRST AMENDMENT TO THE GREENE COUNTY BANCSHARES, INC. NON-COMPETITION AGREEMENT DATED NOVEMBER 24, 2003 FOR  R. STAN PUCKETT, Parties: greene county bancshares inc , r. stan puckett
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EXHIBIT 10.2

 

FIRST AMENDMENT

TO THE

GREENE COUNTY BANCSHARES, INC.

NON-COMPETITION AGREEMENT

DATED NOVEMBER 24, 2003

FOR

R. STAN PUCKETT

 

 

THIS AMENDMENT is adopted this 15 th day of April, 2005, by and between GREENE COUNTY BANCSHARES, INC., a Tennessee corporation located in Greeneville, TN (the “Company”) and R. STAN PUCKETT (the “Executive”).

 

The Company and the Executive executed the Non-Competition Agreement on November 24, 2003 (the “Agreement”).

 

The undersigned hereby amends, in part, said Agreement for the purpose of changing the timing of the death benefits payable under the Agreement. Therefore, the following changes shall be made:  

 

Section 8 of the Agreement shall be deleted in its entirety and replaced by Section 8 below.

 

8.       Deferred Compensation Benefits :      In consideration of the covenants contained herein, Company agrees to provide deferred compensation benefits to Employee, in addition to all other such benefits provided to Employee by Company, in the amount set forth in Schedule A under the column An


 
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