Exhibit 10.4
June 1, 2016
Dear John,
It is our pleasure to extend an offer to you as EVP/General Counsel effective, Monday, June 6, 2016. The position will report to Mariner Kemper, Chairman, President and CEO UMBFC
This letter is to confirm the following details of our offer:
• | A salary at a gross annual rate of $250,000. Such salary shall be payable over 52 weeks as earned and in accordance with the Company’s standard payroll procedures. |
• | Eligibility to continue participation in the 2016 Short Term Incentive Program (STIP) contingent upon approval by the Board Compensation Committee, subject to all terms of the plan at a target of35% of base pay. |
• | Eligibility to participate in the 2017 Long Term Incentive Program (LTIP) contingent upon approval by the Board Compensation Committee, subject to all terms of the plan at50% of base pay. |
Please contact me if you have any questions.
Congratulations on your new position! We wish you continued success in your UMB career.
Sincerely,
Mariner Kemper
Chairman, President and CEO UMBFC
I have read and accept the terms and conditions of this job offer.
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