The amended deal signed in 2021 reduces the buyout from $15 million to approximately $7.5 million if Frost is fired after Oct. 1, 2022.
“Approximately” because it’s a prorated amount of $2.5 million for each remaining year through Dec. 31, 2024, and $1.25 million for each remaining year from Jan. 1, 2025, through Dec. 31, 2026.