EXHIBIT 99 (a)
EMPLOYMENT AGREEMENT
This Employment Agreement ("Agreement") is made this 1st day of August,
2005 (the "Agreement Date") between the following parties ("Parties"):
(i) BOK Financial Corporation, an Oklahoma corporation ("BOKF"); and,
(ii) Xxxxxx X. Xxxxxx, an individual currently residing in Rochester Hills,
Michigan (the "Executive").
BOKF and Executive, in consideration of the promises and covenants set
forth herein (the receipt and adequacy of which are hereby acknowledged) and
intending to be legally bound hereby, agree as follows:
(1) Purpose of This Agreement. The purpose of this Agreement is as follows:
(a) BOKF is a multi-bank holding company, subject to regulation by the
Board of Governors of the Federal Reserve System. The subsidiary banks
of BOKF include Bank of Oklahoma, National Association ("BOK"), Bank
of Texas, National Association ("BOT"), Bank of Albuquerque ("BAQ")
and Colorado State Bank and Trust Company, National Association
("CSBT").
(b) The Executive has extensive prior experience in financial services and
banking and is currently employed as a senior executive in Michigan of
a national financial services organization.
(c) BOKF desires to employ Executive and Executive desires to accept
employment by BOKF.
(d) The purpose of this Agreement is to set forth the terms and conditions
(i) on which BOKF shall employ the Executive
(2) Employment. BOKF hereby employs the Executive, and the Executive hereby
accepts employment with BOKF, on the following terms and conditions:
(a) Executive shall serve as Executive Vice President of Operations and
Technology for BOKF. Executive shall be responsible for all BOKF
Operations and Technology functions system-wide including Information,
Deposit, Credit and Payment Services, Program Management Office,
Corporate Facilities and Real Estate, and Service Quality for BOK,
BOT, BAQ and CSBT..
(b) Executive shall devote all time and attention reasonably necessary to
the affairs of the BOKF and shall serve the BOKF diligently, loyally,
and to the best of his ability.
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(c) Executive shall serve in such other or additional positions as an
officer and/or director of the BOKF or any of its affiliates as the
Chief Executive Officer of BOKF may reasonably request; provided,
however, Executive's residence and place of work shall be in the
Tulsa, Oklahoma, area.
(d) Notwithstanding anything herein to the contrary, Executive shall not
be precluded from engaging in any charitable, civic, political or
community activity or membership in any professional organization, or
serving on the Board of Directors of profit or non-profit
organizations, so long as such service does not conflict with service
to BOKF.
(3) Compensation. As the sole, full and complete compensation to the Executive
for the performance of all duties of Executive under this Agreement and for
all services rendered by Executive to the BOKF and/or to any affiliate of
the BOKF:
(a) BOKF shall pay the Executive an annual salary (the "Annual Salary")
during the Term (as hereafter defined). Initially, the Annual Salary
shall be at the rate of $300,000 per year. The Annual Salary shall be
payable in installments in arrears, less usual and customary payroll
deductions for FICA, federal and state withholding, and the like, at
the times and in the manner in effect in accordance with the usual and
customary payroll policies generally in effect from time to time at
BOKF.
(i) The Annual Salary shall not be decreased at any time during the
Term (as hereafter defined) of this Agreement. The Annual Salary
may be increased annually in accordance with BOKF's compensation
review practices in effect from time to time for senior
executives.
(ii) The Annual Salary shall be reviewed on April 1, 2006, and on each
anniversary date thereof.
(b) BOKF shall pay and provide to Executive Retirement Plans, medical
insurance, disability insurance plan benefits, and other fringe
benefits, on the same terms and conditions generally in effect for
senior executive employees of the BOKF and its affiliates (the
"Additional Benefits").
(c) BOKF may, from time to time in BOKF's sole discretion consistent with
the practices generally in effect for senior executive employees of
the BOKF and its affiliates, pay or provide, or agree to pay or
provide, Executive a bonus, stock option, or other incentive or
performance based compensation.
(i) All such bonus, stock option or other incentive or performance
based compensation, regardless of its nature (hereinafter called
"Performance Compensation") shall not constitute Annual Salary.
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(ii) BOKF shall consider Executive for the award of bonus and other
incentive compensation on the same terms and conditions as
offered generally to the senior executive officers of the BOKF;
provided, however:
(A) BOKF shall pay Executive a hiring bonus of $107,000, less
applicable payroll taxes, payable during Executive's first
week of employment;
(B) BOKF shall pay Executive a minimum bonus of $200,000 for
year 2006, payable on or about April 1, 2007;
(C) BOKF shall provide an annual incentive award (as a percent
of Annual Salary) to Executive pursuant to BOKF's Executive
Incentive Compensation Plan as in effect from time to time
which award shall have a 50% of then-current salary target
award, and maximum of 100% of salary, or $300,000,
performance award, subject to annual review and approval by
the BOKF Independent Compensation Committee; and,
(D) BOKF shall provide a long-term incentive award (as a percent
of Annual Salary) to Executive pursuant to BOKF's Executive
Incentive Compensation Plan as in effect from time to time
which award shall have a 100% of then-current salary, target
award and maximum of 150% of salary, or $450,000,
performance award, subject to annual review and approval by
the BOKF Independent Compensation Committee.
(E) BOKF shall pay Executive an additional bonus of $150,000,
less applicable payroll taxes, payable during Executive's
first week of employment and shall pay Executive an
additional bonus of $100,000, less applicable payroll taxes,
on the first and second anniversary dates of Executive's
employment.
(d) BOKF shall reimburse Executive for reasonable and necessary
entertainment, travel and other expenses in accordance with BOKF's
standard policies in general effect for senior executives of BOKF.
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(i) BOKF shall consider Executive for the award of options to acquire
shares of BOKF Common Stock in respect of the BOKF stock option
plan at the time and on the same terms and conditions as offered
generally to the senior executive officers of BOKF.
(e) The Executive shall be allowed vacation, holidays, and other employee
benefits not described above in accordance with BOKF's standard policy
in general effect for BOKF's senior executive employees. Executive
shall be entitled to four weeks paid vacation in year 2005.
(f) BOKF shall, upon commencement of the Term, issue 2,100 shares of BOKF
Restricted Shares to Executive, provided such Restricted Shares shall
xxxxx xxxx on the fifth anniversary of the commencement of the Term.
(g) BOKF shall compensate and reimburse Executive for relocating from his
existing residence to Tulsa, as follows:
(i) BOKF shall reimburse Executive, against reasonable documentation
thereof, for usual and customary closing costs (excluding
interest or points) incurred in connection with the sale by
Executive of his existing primary residence in Rochester Hills,
Michigan, and the purchase of a new primary residence in the
Tulsa, Oklahoma area (grossed up for income taxes (1));
(ii) BOKF shall provide Executive temporary housing in Tulsa for the
period from the commencement of the Term until the Relocation
Date (as hereafter defined). As used herein, the Relocation Date
shall be the date on which Executive relocates his family to
Tulsa but not later than August 1, 2007. In the event that, prior
to August 1, 2007, Executive purchases permanent housing in Tulsa
prior to the sale of his existing primary residence in Rochester
Hills, Michigan, Executive will relocate his residence to the
permanent housing and vacate the temporary housing being provided
by BOKF. In order to avoid the payment of duplicate living
charges by Executive for the Michigan and Tulsa residences, BOKF
shall, upon receipt of documentation for said duplicate living
charges, reimburse Executive beginning December 9, 2005, and
continuing until May 31, 2006, up to $4,233.00 per month and
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(1) The gross-up shall be calculated at the highest incremental rate actually
experienced by Executive. For example, if taxed in Oklahoma, the rate would be
as follows: assuming the highest tax bracket for federal, the Okla. state rate
less the federal benefit, medicare, and assuming the FICA limit has already been
met, the composite rate would be 41% broken down as follows: 35% Federal 4.55%
State (after federal deduction) 1.45% Medicare or a total 41%.
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beginning June 1, 2006, and continuing until August 1, 2007, or
until the Michigan residence sells, whichever occurs first up to
$4,983. In exchange for any such reimbursement by BOKF, Executive
agrees to forego any further reimbursement for travel expenses as
set forth in paragraph 3(h)(iv);
(iii)BOKF shall provide the services of a nationally recognized mover
to pack and move Executive's household goods to Tulsa; and,
(iv) BOKF shall reimburse Executive, against reasonable documentation
thereof, for the reasonable costs during the Relocation Period of
twice monthly plan trips for travel by Executive to and from
Rochester Hills, Michigan.
(h) Executive shall be assigned a BOKF corporate membership at the Golf
Club of Oklahoma. Executive shall be responsible for payment of
monthly dues for the membership.
(i) Executive hereby agrees to accept the foregoing compensation as the
sole, full and complete compensation to Executive for the performance
of all duties of Executive under this Agreement and for all services
rendered by Executive to the BOKF or any affiliate of the BOKF.
(j) Term of Employment. The term (the "Term") of Executive's employment
("Employment") pursuant to this Agreement shall commence on August 1,
2005 (the "Commencement") and shall continue thereafter provided that
upon ninety days prior written notice, either Party may terminate this
Agreement effective on or after the first anniversary date of the
Commencement. Executive shall report for work full-time on the
Commencement.
(4) Termination of Employment. Notwithstanding the provisions of paragraph 4 of
this Agreement, the Employment may be terminated on the following terms and
conditions:
(a) Termination by BOKF Without Cause. In the event the BOKF terminates
Employment of Executive without cause:
(i) BOKF shall forthwith upon such termination (A) pay to Executive
BOKF's standard severance pay and in addition an amount equal to
Executive's then Annual Salary for a period of time equal to 12
months, (B) the Executive shall those Additional Benefits which
are accrued through the effective date of such termination and
thereafter payable under the terms and provisions of the benefits
plans then in effect in accordance with paragraph 3(b) above, (C)
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Executive shall be entitled to receive pay for vacation in
accordance with BOKF's then existing policy for terminating
senior executive employees, and (D) Executive shall be entitled
to receive those amounts due Executive pursuant to paragraph 7(b)
and shall be bound by the Non-Solicitation Agreement (as
hereafter defined).
(ii) If, within three years of the Commencement, Executive is
terminated for any reason other than for cause following a Change
of Control (as hereafter defined), BOKF shall pay Executive upon
such termination in one lump sum payment an amount equal to two
times Executive's Annual Salary at the time of termination. As
used herein, a Change Control shall be deemed to have occurred
if, and only if:
(A) Xxxxxx X. Xxxxxx, affiliates of Xxxxxx X. Xxxxxx, and/or
members of the family of Xxxxxx X. Xxxxxx collectively cease
to own more shares of the voting capital stock of BOKF than
any other shareholder (or group of shareholders acting in
concert to control BOKF to the exclusion of Xxxxxx X.
Xxxxxx, affiliates of Xxxxxx X. Xxxxxx, or members of the
family of Xxxxxx X. Xxxxxx); or,
(B) BOKF shall cease to own directly and indirectly more than
50% of the voting capital stock of the BOk.
(b) Termination by BOKF for Cause. BOKF may terminate the Employment for
cause on the following terms and conditions:
(i) BOKF shall be deemed to have cause to terminate Executive's
Employment only in one or more of the following events:
(A) The Executive shall fail to substantially perform his
obligations under this Agreement except as a result of
Executive's incapacity due to physical or mental illness
after having first received notice of such failure and
thirty days within which to correct the failure;
(B) The Executive commits any act which is intended by Executive
to injure BOKF or any of its affiliates;
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(C) The Executive is convicted of any criminal act or act
involving moral turpitude which the BOKF reasonably deems
adversely affects the suitability of Executive to serve BOKF
or any of its affiliates;
(D) The Executive commits any dishonest or fraudulent act which
the BOKF reasonably deems material to the BOKF, including
the reputation of the BOKF or any of its affiliates; or,
(E) Any refusal by Executive to obey orders or instructions of
the Chief Executive Officer of the BOKF or BOk unless such
instructions would require Executive to commit an illegal
act, could subject Executive to personal liability, would
require Executive to violate the terms of this Agreement,
are inconsistent with recognized ethical standards, or would
otherwise be inconsistent with the duties of an officer of a
bank.
(ii) BOKF shall be deemed to have cause to terminate Executive's
Employment only when a majority of the members of the Board of
Directors of the BOKF finds that, in the good faith opinion of
such majority, the Executive committed one or more of the acts
set forth in clauses (A) through (E) of the preceding
subparagraph, such finding to have been made after at least
twenty (20) business days' notice to the Executive and an
opportunity for the Executive, together with his counsel, to be
heard before such majority. The determination of such majority,
made as set forth above, shall be binding upon the BOKF and the
Executive;
(iii)The effective date of a termination for cause shall be the date
of the action of such majority finding the termination was with
cause. In the event the BOKF terminates Executive's Employment
for cause, (A) BOKF shall pay Executive the Executive's then
Annual Salary through, but not beyond, the effective date of the
termination and (B) the Executive shall receive those Additional
Benefits accrued through but not beyond the effective date of
such termination which are thereafter payable under the terms and
provisions of benefit plans then in effect in accordance
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with paragraph 3(b) above, (C) BOKF shall pay the Executive for
vacation in accordance with BOKF's then existing policy for
senior executive employees, and (D) Executive shall be bound by
the provisions of the Non-Solicitation Agreement.
(5) Provisions Respecting Illness and Death. In the event Executive is unable
to perform his duties under this Agreement on a full-time basis for a
period of six (6) consecutive months by reason of illness or other physical
or mental disability, and at or before the end of such period, Executive
does not return to work on a full-time basis, BOKF may terminate
Executive's Employment without further or additional compensation being due
the Executive from BOKF except Annual Salary accrued through the date of
termination, Additional Benefits accrued through the date of such
termination under benefit plans then in effect in accordance with paragraph
3(b) above, and vacation in accordance with BOKF's then existing policy for
senior executive employees, and the provisions of paragraph 7 shall apply.
Without limiting the generality of Paragraph 3(f), Executive shall upon
such termination receive those benefits provided in the BOKF long term
disability policy then in effect. In the event of the death of the
Executive, the Employment of the Executive shall automatically terminate as
of the date of death without further or additional compensation being due
the Executive, except BOKF shall pay to the estate of the Executive the
Annual Salary accrued through the date of termination and the Additional
Benefits accrued through the date of such termination under benefit plans
then in effect in accordance with paragraph 3(b) above.
(6) Agreement Not to Solicit. The provisions of this paragraph are hereafter
called the "Non-Solicitation Agreement".
(a) Executive agrees that, for a period of two (2) years following any
termination of the Employment for cause, and for a period of one (1)
year following any termination of the Employment for any reason other
than cause (including expiration of the Term), Executive shall not
directly or indirectly (whether as an officer, director, employee,
partner, stockholder, creditor or agent, or representative of other
persons or entities) contact or solicit, in any manner indirectly or
directly, individuals or entities who were at anytime during the
original or any extended Term clients of BOKF or any of its affiliates
for the purpose of providing banking, trust, investment, or other
services provided by BOKF or any of its affiliates during the Term or
contact or solicit employees of BOKF or any affiliates of BOKF to seek
employment with any person or entity except BOKF and its affiliates.
This Non-Solicitation Agreement shall not apply to ownership by
Executive of up to ten percent (10%) of the common stock of a
corporation traded on the facilities of a national securities exchange
engaged in the banking business of which Executive is not a director,
officer, employee, agent or representative.
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(b) BOKF shall pay Executive, in addition to any other amounts which may
be due Executive, during each year in which the Non-Solicitation
Agreement is in effect, $3,000 payable in installments in arrears,
less usual and customary payroll deductions for FICA, federal and
state withholding, and the like, at the times and in the manner in
effect in accordance with the usual and customary payroll policies
generally in effect from time to time at BOKF.
(c) Executive agrees that the Non-Solicitation Agreement and all the
restrictions set forth in this Non-Solicitation Agreement are fair and
reasonable.
(d) Executive agrees that (i) any remedy at law for any breach of this
Non- Agreement would be inadequate, (ii) in the event of any breach of
this Non-Solicitation Agreement, the Non-Solicitation Agreement shall
constitute incontrovertible evidence of irreparable injury to BOKF,
and (iii) BOKF shall be entitled to both immediate and permanent
injunctive relief without the necessity of establishing or posting any
bond therefor to preclude any such breach (in addition to any remedies
of law which BOKF may be entitled).
(7) Confidential Information.
(a) Executive acknowledges that, during the Term and prior to the Term,
Executive has had and will have access to Confidential Information,
all of which shall be made accessible to Executive only in strict
confidence; that unauthorized disclosure of Confidential Information
will damage the BOKF's business; that Confidential Information would
be susceptible to immediate competitive application by a competitor of
the BOKF; that BOKF's business is substantially dependent on access to
and the continuing secrecy of Confidential Information; that
Confidential Information is unique to the BOKF and known only to
Executive and certain key employees and contractors of BOKF; that the
BOKF shall at all times retain ownership and control of all
Confidential Information; and that the restrictions contained in this
paragraph are reasonable and necessary for the protection of the
BOKF's business.
(b) All documents or other records containing or reflecting Confidential
Information ("Confidential Documents") prepared by or to which
Executive has access are and shall remain the property of the BOKF.
Executive shall not copy or use any Confidential Document for any
purpose not relating directly to Executive's work on the BOKF's
behalf, or use, disclose or sell any Confidential Document to any
party other than the BOKF and its employees. Upon the termination of
this Agreement or upon the BOKF's request before or after such
termination, Executive shall immediately deliver to the BOKF or its
designee (and shall not keep in
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Executive's possession or deliver to anyone else) all Confidential
Documents and all other property belonging to the BOKF. This paragraph
shall not bar Employee from complying with any subpoena or court
order, provided that Executive shall at the earliest practicable date
provide a copy of the subpoena or court order to the BOKF's Chief
Executive Officer.
(c) During the Term and for a period of four (4) years thereafter,
regardless of the reason for termination of Executive's employment,
(i) Executive shall not disclose any Confidential Information to any
third party and (ii) Executive shall use Confidential Information only
in connection with and in furtherance of Executive's work for the BOKF
and its affiliates.
(d) As used herein, Confidential Information means all nonpublic
information concerning or arising from the BOKF's business, including
particularly but not by way of limitation trade secrets used,
developed or acquired by the BOKF in connection with its business;
information concerning the manner and details of the BOKF's
operations, organization and management; financial information and/or
documents and nonpublic policies, procedures and other printed or
written material generated or used in connection with the BOKF's
business; the BOKF's business plans and strategies; electronic files
or documents prepared by BOKF or Executive containing the identities
of the BOKF's customers (including their addresses and telephone
numbers), the nature and amounts of their assets and liabilities, and
the specific individual customer needs being addressed by the BOKF;
the nature of fees and charges assessed by the BOKF; nonpublic forms,
contracts and other documents used in the BOKF's business; the nature
and content of any proprietary computer software used in the BOKF's
business, whether owned by the BOKF or used by the BOKF under license
from a third party; and all other nonpublic information concerning the
BOKF's concepts, prospects, customers, employees, contractors,
earnings, products, services, equipment, systems, and/or prospective
and executed contracts and other business arrangements. Confidential
Information shall not include (i) general skills and general knowledge
of the industry obtained by reason of Executive's association with the
BOKF; (ii) information that is or becomes public knowledge through no
fault or action of Executive; (iii) any information received from an
independent third party who is under no duty of confidentiality with
respect to the information; or (iv) any information that, on advice of
counsel, Executive is required to disclose by law or regulation.
(8) Surrender of Records and Property. Upon termination of Executive's
employment with BOKF for whatever reason, Executive shall deliver promptly
to the BOKF all records, manuals, books, blank forms, documents, letters,
memoranda, notes, notebooks, reports, data, tables, calculations or copies
thereof that relate in any way to the business,
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products, practices or techniques of the BOKF or any of its affiliates, and
all other information of the BOKF or any of its affiliates, including, but
not limited to, all documents that in whole or in part contain any
information which is defined in this Agreement as Confidential Information
and which is in the possession or under the control of Executive.
(9) Executive's Representations. Executive hereby represents that (i) prior to
the Agreement Date Executive has, and as of the Commencement Executive will
have, continued to fulfill Executive's duty of loyalty to Executive's
present employer, (ii) the conditions of Executive's present employment do
not restrict Executive's ability to accept employment in accordance with
this Agreement, and (iii) as of the Commencement, Executive will not have
in his possession any confidential or proprietary information belonging to
Executive's present employer.
(10) Miscellaneous Provisions. The following miscellaneous provisions shall
apply to this Agreement:
(a) All notices or advices required or permitted to be given by or
pursuant to this Agreement, shall be given in writing. All such
notices and advices shall be (i) delivered personally, (ii) delivered
by facsimile or delivered by U.S. Registered or Certified Mail, Return
Receipt Requested mail, or (iii) delivered for overnight delivery by a
nationally recognized overnight courier service. Such notices and
advices shall be deemed to have been given (i) the first business day
following the date of delivery if delivered personally or by
facsimile, (ii) on the third business day following the date of
mailing if mailed by U.S. Registered or Certified Mail, Return Receipt
Requested, or (iii) on the date of receipt if delivered for overnight
delivery by a nationally recognized overnight courier service. All
such notices and advices and all other communications related to this
Agreement shall be given as follows:
If to BOKF:
BOKF Financial Corporation
Att: Xxxxxxx X. Xxxxxxxx
Bank of Oklahoma Tower
X.X. Xxx 0000
Xxxxx, Xxxxxxxx 00000
Telephone No.: (000) 000-0000
Telecopy No.: (000) 000-0000
xxxxxxxxx@XXXX.xxx
With a Copy to: Xxxxxxxx Xxxxxxx
Old City Hall
000 Xxxx Xxxxxx Xxxxxx
Xxxxx, XX 00000-0000
Telephone No.: (000) 000-0000
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Telecopy No.: (000) 000-0000
XXxxxxxx@XXXxx.xxx
If to Executive: Xxxxxx. X. Xxxxxx
0000 X. Xxxx Xxxxx
Xxxxx, Xxxxxxxx 00000
Telephone No.: (918) _____________
or to such other address as the party may have
furnished to the other parties in accordance
herewith, except that notice of change of addresses
shall be effective only upon receipt.
(b) This Agreement is made and executed in Tulsa, Oklahoma and all actions
or proceedings with respect to, arising directly or indirectly in
connection with, out of, related to or from this Agreement, shall be
litigated in courts having situs in Tulsa, Oklahoma.
(c) This Agreement shall be subject to, and interpreted by and in
accordance with, the laws of the State of Oklahoma.
(d) This Agreement is the entire Agreement of the parties respecting the
subject matter hereof. There are no other agreements, representations
or warranties, whether oral or written, respecting the subject matter
hereof, except as stated in this Agreement.
(e) This Agreement, and all the provisions of this Agreement, shall be
deemed drafted by all of the parties hereto.
(f) This Agreement shall not be interpreted strictly for or against any
party, but solely in accordance with the fair meaning of the
provisions hereof to effectuate the purposes and interest of this
Agreement.
(g) Each party hereto has entered into this Agreement based solely upon
the agreements, representations and warranties expressly set forth
herein and upon her or his own knowledge and investigation. Neither
party has relied upon any representation or warranty of any other
party hereto except any such representations or warranties as are
expressly set forth herein.
(h) Each of the persons signing below on behalf of a party hereto
represents and warrants that he or she has full requisite power and
authority to execute and deliver this Agreement on behalf of the
parties for whom he or she is signing and to bind such party to the
terms and conditions of this Agreement.
(i) This Agreement may be executed in counterparts, each of which shall be
deemed an original. This Agreement shall become effective only when
all of the parties hereto shall have executed the original or
counterpart hereof. This Agreement
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may be executed and delivered by a facsimile transmission of a
counterpart signature page hereof.
(j) In any action brought by a party hereto to enforce the obligations of
any other party hereto, the prevailing party shall be entitled to
collect from the opposing party to such action such party's reasonable
litigation costs and attorneys fees and expenses (including court
costs, reasonable fees of accountants and experts, and other expenses
incidental to the litigation).
(k) This Agreement shall be binding upon and shall inure to the benefit of
the parties and their respective heirs, administrators, successors and
assigns.
(l) This is not a third party beneficiary contract, except BOKF (including
each affiliate thereof) shall be a third party beneficiary of this
Agreement.
(m) This Agreement may be amended or modified only in a writing, as agreed
to by the parties hereto, which specifically references this
Agreement.
(n) A party to this Agreement may decide or fail to require full or timely
performance of any obligation arising under this Agreement. The
decision or failure of a party hereto to require full or timely
performance of any obligation arising under this Agreement (whether on
a single occasion or on multiple occasions) shall not be deemed a
waiver of any such obligation. No such decisions or failures shall
give rise to any claim of estoppel, laches, course of dealing,
amendment of this Agreement by course of dealing, or other defense of
any nature to any obligation arising hereunder.
(o) In the event any provision of this Agreement, or the application of
such provision to any person or set of circumstances, shall be
determined to be invalid, unlawful, or unenforceable to any extent for
any reason, the remainder of this Agreement, and the application of
such provision to persons or circumstances other than those as to
which it is determined to be invalid, unlawful, or unenforceable,
shall not be affected and shall continue to be enforceable to the
fullest extent permitted by law.
Dated as of the Agreement Date.
BOK FINANCIAL CORPORATION
By: /s/ Xxxxx Xxxxxx
------------------------------------------
EXECUTIVE
/s/ Xxxxxx X. Xxxxxx
------------------------------------------
Xxxxxx X. Xxxxxx
