NON-COMPETITION AGREEMENTNon-Competition Agreement • November 5th, 2004 • Greene County Bancshares Inc • State commercial banks • Tennessee
THIS AGREEMENT is executed on the 10th day of August, 2004, (“Effective Date”), by and between GREENE COUNTY BANCSHARES, INC. (“Company”) and Kenneth R. Vaught (“Employee”), but shall not become effective until the purchase by Company of the insurance products needed to fund the deferred compensation benefits for Employee described in Schedule A, which purchase shall be made within sixty (60) days of the date hereof.
