Guaranty Bancshares Inc. has announced new compensation terms for Tyson T. Abston, Chairman of the Board and CEO of the company and its subsidiary, Guaranty Bank. As part of a Post-Closing Payment Agreement linked to the merger with Glacier Bancorp, Inc., Mr. Abston is set to receive a lump-sum cash payment of $3,060,000, less applicable tax withholdings. This payment is contingent upon Mr. Abston remaining employed with Guaranty Bank through the merger's effective date and with Glacier Bank, the successor entity, for one year thereafter. This agreement is in satisfaction of the payment obligations under Mr. Abston's employment contract dated March 15, 2019.
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