November 7, 2011 James B. Fitzgerald Dear Jim,National Bank Holdings Corp • August 22nd, 2012 • National commercial banks • Delaware
This Letter Agreement sets forth our mutual understanding of the terms of your separation of employment from NBH Holdings Corp. (the “Company”) and memorializes our agreement regarding your continued service during the transition period (the “Transition Period”) that begins November 1, 2011 and ends on January 31, 2012 (your “Separation Date”), at which time your employment with the Company will terminate unless earlier terminated by the Company, in which case the Separation Date shall refer to the date of such termination by the Company. In addition, you may, upon signing the Release (as defined below), terminate your employment with the Company prior to January 31, 2012, in which case the Separation Date shall refer to the date of such termination by you, and you will only be entitled to the accrued and unpaid base salary through such date in accordance with Section 4 and shall not be entitled to any other payments or benefits, including the Bonus Payment (as defined below), and for
