EX-10.17



 Exhibit 10.17 
 FIRST CAPITAL BANCORP 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT

 FOR 
 JEANIE T. BODE 
 Effective August 7,
2012 







 INTRODUCTION 

This Supplemental Executive Retirement Plan Agreement (the “Agreement”) is between First Capital Bancorp (the
“Company”) and Jeanie T. Bode (the “Participant”), and is effective August 7, 2012. 
 The Company
desires to provide an unfunded, nonqualified supplemental retirement benefit to the Participant, who is a select management and highly compensated employee who contributes materially to the long-term stability and financial success of the Company.
Benefits under this Agreement are intended to supplement benefits under the Company’s tax-qualified retirement plan. The Board has determined that the benefits to be paid to the Participant constitute reasonable compensation for the services to
be rendered by the Participant. 
 ARTICLE I 
 DEFINITIONS 
 The following phrases or terms have the indicated
meanings: 
 1.01 Beneficiary. The person, persons, entity, entities or the estate of a Participant entitled to receive
benefits under the Plan in accordance with a properly completed beneficiary designation form. If the Participant fails to complete a beneficiary designation form, or the form is incomplete, Beneficiary means the Participant’s surviving spouse
if she is married as of her date of death; otherwise, the Participant’s estate. The Participant may amend or change her Beneficiary designation in accordance with procedures established by the Board. 

1.02 Board. The Board of Directors of the Company. 
 1.03 Change in Control. Change in Control has the same meaning as defined in the Participant’s Employment Agreement. 
 1.04 Code. The Internal Revenue Code of 1986, as amended. 
 1.05
Committee. The Compensation Committee of the Company’s Board of Directors, or such other Committee of the Board as may be delegated with the duty of administering and determining Participant eligibility under the Agreement. 

1.06 Company. First Capital Bankcorp and its successors and assigns. 

1.07 Disability. A Participant (i) is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, or (ii) is, by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan
covering employees of the Company. 







 ARTICLE II 
 PARTICIPATION 
 The Participant’s participation in the
Agreement shall begin as of the date specified by the Committee. The individual shall remain a Participant until her designation as a Participant has been revoked or rescinded. 
 ARTICLE III 
 BENEFITS 

3.01 Supplemental Retirement Benefit. The Participant shall be entitled to a supplemental retirement benefit equal to $400,000,
payable on the date the Participant attains age 62, provided she remains in full-time employment with the Company on such date. Except as otherwise provided in this Article III, if she terminates employment for any reason prior to age 62, her
supplemental retirement benefit will be forfeited. 
 3.02 Form of Payment. The Participant’s benefit under
Section 3.01 shall be payable in equal or substantially equal quarterly installments over a 5-year period or 10-year period, as elected in writing by the Participant on becoming a Participant. 

3.03 Disability. In the event of the Participant’s Disability prior to age 62, she will be entitled to receive her vested
supplemental retirement benefit as determined pursuant to the following vesting schedule, provided she remains in full-time employment with the Company on the applicable vesting date: 

 

					
	 Vesting Date
	  	Vested Percentage	 
		
	 December 31, 2012
	  	 	16.67	% 
	 December 31, 2013
	  	 	33.34	% 
	 December 31, 2014
	  	 	50.00	% 
	 December 31, 2015
	  	 	66.68	% 
	 December 31, 2016
	  	 	83.35	% 
	 December 31, 2017
	  	 	100.00	% 

 Such benefit will be paid in a single lump sum within 6 months following the determination of Disability,
but no later than March 15 of the year following the year of the Participant’s Disability. 







 3.04 Death. 
 (a) In the event of the Participant’s death prior to age 62, her Beneficiary will be entitled to receive her vested supplemental retirement benefit as determined pursuant to the following vesting
schedule, provided she remains in full-time employment with the Company on the applicable vesting date: 
  

					
	 Vesting Date
	  	Vested Percentage	 
		
	 December 31, 2012
	  	 	16.67	% 
	 December 31, 2013
	  	 	33.34	% 
	 December 31, 2014
	  	 	50.00	% 
	 December 31, 2015
	  	 	66.68	% 
	 December 31, 2016
	  	 	83.35	% 
	 December 31, 2017
	  	 	100.00	% 

 Such benefit will be paid in a single lump sum within 6 months following the Participant’s date of
death, but no later than March 15 of the year following the year of the Participant’s death. 
 (b) If the Participant
dies after benefit payments begin under the Plan, the Participant’s Beneficiary shall be entitled to any payments remaining in the 5 or 10-year period, as applicable. If the Beneficiary dies before the end of such period, any remaining payments
shall be made to the Beneficiary’s estate. 
 3.05 Change in Control. In the event of a Change in Control prior to
the Participant’s attainment of age 62, she will become fully vested in her supplemental retirement benefit. The benefit will be payable upon the attainment of age 62, in the form elected pursuant to Section 3.02. 

ARTICLE IV 

GUARANTEES 
 The Company has only a contractual obligation to pay the benefits described in Article III. All benefits are to be satisfied solely out of the general corporate assets of the Company which shall
remain subject to the claims of its creditors. No assets of the Company need be segregated or committed to the satisfaction of its obligations to any Participant or Beneficiary under this Agreement, although, in its sole discretion, the Company may
segregate assets, in a trust or otherwise, for the purpose of paying benefits under the Agreement. If the Company, in its sole discretion, elects to purchase life insurance on the life of a Participant in connection with the Agreement, the
Participant must submit to a physical examination, if required by the insurer, and otherwise cooperate in the issuance of such policy or his rights under the Agreement will be forfeited. 







 ARTICLE V 
 TERMINATION OF EMPLOYMENT 
 5.01 No Guarantee of Employment.
The Agreement does not in any way limit the right of the Company at any time and for any reason to terminate the Participant’s employment or such Participant’s status as an eligible employee. In no event shall the Agreement, by its terms
or by implication, constitute an employment contract of any nature whatsoever between the Company and a Participant. 
 5.02
Termination of Employment. A Participant on authorized leave of absence from the Company shall not be deemed to have terminated employment or lost status as an eligible employee for the duration of such leave of absence, provided she returns
to employment on or before the date of the end of the leave period. 
 ARTICLE VI 

AMENDMENT OR TERMINATION OF PLAN 
 This Agreement may be amended or terminated only by a written instrument executed by both the Participant and the Company. The rights of the Company set forth in this Article VI are subject to the
condition that the Board or its delegate shall take no action to terminate the Agreement or decrease the benefit that would become payable or is payable, as the case may be, with respect to a Participant who has become eligible for early, normal or
postponed retirement under the Company’s tax-qualified retirement plan. Upon the termination of this Agreement by the Board, the Agreement shall no longer be of any further force or effect, and neither the Company, nor the Participant shall
have any further obligation or right under this Agreement. Likewise, the rights of any individual who was a Participant and whose designation as a Participant is revoked or rescinded by the Board shall cease upon such action. 

ARTICLE VII 

OTHER BENEFITS AND AGREEMENTS 
 The benefits provided for the Participant and his Beneficiary under the Agreement are in addition to any other benefits available to such Participant under any other plan or program of the Company for its
employees, and, except as may otherwise be expressly provided for, the Agreement shall supplement and shall not supersede, modify or amend any other plan or program of the Company in which a Participant is participating. 

ARTICLE VIII 
 RESTRICTIONS ON TRANSFER OF BENEFITS 
 No right or benefit under the
Agreement shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or charge, and any attempt to do so shall be void. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts,
liabilities, or 







 
torts of the person entitled to such benefit. If the Participant or Beneficiary under the Agreement should attempt to anticipate, alienate, sell, assign, pledge, encumber or charge any right to a
benefit hereunder, then such right or benefit, in the discretion of the Board, shall cease and terminate, and, in such event, the Board may hold or apply the same or any part thereof for the benefit of such Participant or Beneficiary, his or her
spouse, children, or other dependents, or any of them, in such manner and in such portion as the Board may deem proper. 

ARTICLE IX 

ADMINISTRATION OF THE PLAN 
 9.01 General. The Agreement shall be administered by the Committee, in its sole and complete discretion. Subject to the provisions of the Agreement, the Committee may adopt such rules and
regulations as may be necessary to carry out the purposes hereof. The Committee’s interpretation and construction of any provision of the Agreement shall be final and conclusive. The Committee in its sole discretion may delegate ministerial
duties with respect to the administration of the Agreement to employees of the Company or to third parties. 
 9.02
Indemnification of the Board. The Company shall indemnify and save harmless each member of the Committee against any and all expenses and liabilities arising out of membership on the Committee related to any shareholder or similar action
involving the Agreement, excepting only expenses and liabilities arising out of a member’s own willful misconduct. Expenses against which a member of the Committee shall be indemnified hereunder shall include without limitation, the amount of
any settlement or judgment, costs, counsel fees, and related charges reasonably incurred in connection with a claim asserted, or a proceeding brought or settlement thereof. The foregoing right of indemnification shall be in addition to any other
rights to which any such member may be entitled. 
 9.03 Powers of the Board. In addition to the powers hereinabove
specified, the Committee shall have the power to compute and certify the amount and kind of benefits from time to time payable to Participants and their Beneficiaries under the Agreement, to authorize all disbursements for such purposes, and to
determine whether a Participant is entitled to a benefit under Agreement section 3.01. 
 9.04 Information. To
enable the Committee to perform its functions, the Company shall supply full and timely information to the Committee on all matters relating to the compensation of all Participants, their retirement, death or other cause for termination of
employment, and such other pertinent facts as the Committee may require. 
 9.05 Claims Procedure. All claims for
benefits shall be in writing in a form satisfactory to the Committee. If the Committee wholly or partially denies a Participant’s or Beneficiary’s claim for benefits, the Board shall review the Participant’s claim in accordance with
applicable procedures described in the Employee Retirement Income Security Act of 1974. 







 9.06 Notice Requirement. 

Any notice which shall be or may be given under the Agreement shall be in writing and shall be mailed by United States mail, postage
prepaid. If notice is to be given to the Company such notice shall be addressed, to the attention of the Secretary, at: 
 First
Capital Bancorp 
 4222 Cox Road 
 Glen Allen, Virginia 23060 
 If notice is to be given to a Participant, such
notice shall be addressed to the Participant’s last known address on the records of the Company. 
 9.07 Code
Section 409A. To the extent applicable, this Agreement is intended to comply with Code Section 409A, and the Committee shall interpret and administer the Agreement in accordance therewith. In addition, any provision, including, without
limitation, any definition, in this Agreement that is determined to violate the requirements of Code Section 409A shall be void and without effect and any provision, including without limitation, any definition, that is required to appear in
this Agreement under Code Section 409A that is not expressly set forth shall be deemed to be set forth herein, and the Agreement shall be administered in all respects as if such provisions were expressly set forth. In addition, the timing of
payment of the benefits provided for under this Agreement shall be revised as necessary for compliance with Code Section 409A. 
 ARTICLE X 
 MISCELLANEOUS 

10.1 Binding Nature. The Agreement shall be binding upon the Company and its successors and assigns; subject to the powers set
forth in Article VI, and upon the Participant, the Beneficiary, and either of their assigns, heirs, executors and administrators. 
 10.2 Governing Law. To the extent not preempted by federal law, the Agreement shall be governed and construed under the laws of the Commonwealth of Virginia (including its choice of law rules,
except to the extent those rules would require the application of the law of a state other than Virginia) as in effect at the time of their adoption and execution, respectively. 

10.03 Construction. Masculine pronouns wherever used shall include feminine pronouns and the use of the singular shall include the
plural. 







 ARTICLE XI 
 ADOPTION 
 As evidence of its adoption of the Agreement, the Company
and the Participant have caused this document to be signed this 10 day of August , 2012. 
  

			
	FIRST CAPITAL BANCORP
		
	By:	 	 /s/ Gary Armstrong

	Its:	 	 Commercial Banking Group Manager

	
	PARTICIPANT
		
		 	 /s/ Jeanie T. Bode

	By:	 	Jeanie T. Bode