Document:

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                                                                   Exhibit 10.11

                              EMPLOYMENT AGREEMENT
                              --------------------

         THIS EMPLOYMENT AGREEMENT, executed this _____ day of ____________,
1999 by and between HORIZON BANK, N.A. a national banking association ("Bank"),
and JAMES D. NEFF ("Employee");

                              W I T N E S S E T H:

         WHEREAS, Bank desires to encourage Employee to make valuable
contributions to Employer's business operations and not to seek or accept
employment elsewhere;

         WHEREAS, Employee desires to be assured of a secured minimum
compensation from Bank for his services over a defined term;

         WHEREAS, Bank desires to provide fair and reasonable benefits to
Employee on the terms and subject to the conditions set forth in this Agreement;
and

         WHEREAS, the Employee is willing to serve as an employee of the Bank on
the terms and subject to the conditions set forth herein;

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

         1. EMPLOYMENT. The Bank hereby employs the Employee to render full-time
services to the Bank as Senior Vice President-Mortgage Warehousing Division for
the period commencing on the effective date of this Agreement and extending
through the Term specified in Section 2 until such full-time services are
terminated as hereinafter provided. The Employee hereby accepts and agrees to
such employment.

         2. TERM. Subject to the provisions for termination of this Agreement
contained in Section 8, the term of this Agreement shall be for a period of two
(2) years from the effective date hereof ("Term").

         3. DUTIES.

         (a) During the period of his employment hereunder, the Employee agrees
to diligently perform such executive duties and administrative functions which
are appropriate to the office of Senior Vice President-Mortgage Warehousing
Division as, from time to time, shall be assigned to him by the Board of
Directors (the "Board") or Chief Executive Officer of the Bank or their
designees and he further agrees to give his full business time and attention to,
and his best efforts to promote, the business and affairs of the Bank. The
Employee further agrees to hold the office of Senior Vice President and such
other offices of the Bank to which he may be elected or appointed and to perform
and discharge the duties thereof faithfully and to the best of his ability.

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         (b) The Employee, subject to the direction and control of the Board,
shall have all power and authority commensurate with his status and necessary to
perform his duties hereunder. The Bank shall provide the Employee with such
assistance and working accommodations as are suitable to the character of his
position with the Bank as are adequate for the performance of his duties.

         4. COMPENSATION.

         (a) During the period of his employment hereunder, the Employee's basic
annual salary as Senior Vice President shall be One Hundred Ten Thousand Dollars
($110,000.00). Such salary shall be payable in cash on the same schedule as all
other salaried employees.

         Such salary payments shall be subject to the withholding of applicable
income and employment taxes and other appropriate and customary amounts. Upon
any change in the Employee's salary, a written addendum to this Employment
Agreement shall be executed by the Employee and the appropriate officer or
officers of the Bank.

         (b) In addition to his basic annual salary as Senior Vice President,
the Employee shall be entitled to receive a cash bonus payable annually as
described in Schedule A hereto commencing in 2000, unless this Agreement is
terminated as provided for herein, and subject to the terms and conditions set
forth in Schedule A.

         (c) In addition to the salary and bonus compensation described above,
Employee shall also receive a one-time signing bonus in the amount of
Twenty-Nine Thousand Dollars ($29,000.00) effective upon execution of this
Agreement.

         5. EMPLOYEE BENEFITS. During the Term of his employment hereunder, the
following shall apply with respect to the Employee's coverage by and
participation under employee benefit plans and programs sponsored or otherwise
made available by the Bank:

         (a) Subject to the more specific provisions of subsection (c) below,
the Employee shall be entitled to participate in any retirement, deferred
compensation, life, accident, health, hospitalization and any other employee
benefit plan or program, excluding bonus programs, that is generally available
to the employees of the Bank, if and to the extent the Employee is eligible to
participate thereunder in accordance with the provisions thereof. Nothing herein
shall be construed to require the Bank to institute any particular benefit plan
or program or to prevent the Bank from modifying or terminating any plan or
program it may determine to adopt from time to time. Further, the Employee shall
be treated as a new employee for purposes of eligibility and vesting under any
employee benefit plan or program that is available to the executive officers of
the Bank.

         (b) During the Term, Employee shall be entitled to four (4) weeks per
calendar year of paid vacation, which shall be utilized at such times when his
absence will not materially impair the Bank's normal business functions. Any
unused vacation time in any calendar year shall lapse, and Employee shall not be
entitled to any additional compensation for any such

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unused and lapsed vacation time. In addition to the vacation described above,
Employee also shall be entitled to all paid holidays customarily given by the
Bank to its officers.

         (c) The Employee shall be entitled to participate in the following
employee benefit plans, subject to the terms and conditions of the specific plan
documents or agreements provided with respect to each plan:

             (i)  Stock Options. The Employee shall be granted options under
                  Stock Option and Stock Appreciation Rights program of Horizon
                  Bancorp ("Horizon"), the parent company of the Bank for 2,000
                  shares of Horizon Stock, in accordance with Horizon's standard
                  agreement governing the program. The grant hereunder will only
                  be effective if this Employment Agreement is executed,
                  notwithstanding that actual employment may have commenced
                  prior to such date.

             (ii) 401(k) Retirement Plan. The Employee shall be entitled to
                  participate in Horizon's 401(k) Plan in accordance with the
                  terms and conditions of the plan documents. The Employee's
                  enrollment date will be November 1, 2000.

         6. REIMBURSEMENT OF EXPENSES. The Bank shall pay to the Employee, or to
the extent paid in the first instance by the Employee, shall reimburse the
Employee for, travel, entertainment and similar expenses he incurs in connection
with the performance of his duties hereunder in accordance with the Bank's
policies governing such activities, as such policies may be amended or modified
from time to time.

         7. INSURANCE. The Bank shall have the right to maintain one (1) or more
insurance policies against the life of the Employee in such face amounts as the
Board considers appropriate, and to name itself as beneficiary under such
policies.

         8. TERMINATION.

         (a) At any time during the term of this Agreement, the Board shall have
the right to terminate the Employee's employment hereunder for any reason, upon
thirty (30) days' prior written notice to the Employee and the Employee shall
have the right to terminate his employment hereunder at any time and for any
reason, upon thirty (30) days' prior written notice to the Bank.

         (b) This Agreement shall also terminate on the death of the Employee.

         (c) The Bank shall have the right to terminate the Employee's
employment hereunder "for cause" upon thirty (30) days' prior written notice.
For purposes of this Agreement, the Employee may be terminated "for cause" if
his employment is terminated by the Bank as a result of any of the following:

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             (i)   The failure of the Mortgage Warehousing Division to attain at
                   least break even profitability as determined by the Bank
                   based upon the Division's return on equity, on a month to
                   month basis, by September, 2000.

             (ii)  An action by the Employee which involves fraud, willful
                   misfeasance or gross negligence in connection with the
                   performance of his duties hereunder;

             (iii) The requirement or direction of a federal or state regulatory
                   agency which has jurisdiction over the Bank to terminate the
                   employment of the Employee;

             (iv)  Conviction of the Employee due to the commission of any
                   criminal offense which involves dishonesty or breach of
                   trust; or

             (v)   Any breach by the Employee of a material term, condition or
                   covenant hereunder or any other agreement between the
                   Employee and the Bank.

         (d) The Employee may also be terminated upon thirty (30) days prior
written notice in the event of a Change in Control (as defined herein). For
purposes of this Agreement, "Change in Control" of the Bank shall mean (i) a
change in control of Horizon, of a nature that would be required to be reported
in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the
Securities Act of 1934, or (ii) a transfer of more than fifty percent (50%) of
the stock of Bank.

         (e) Any termination of the Employee's employment by the Bank or by the
Employee shall be communicated by written Notice of Termination to the
non-terminating party. For purposes of this Agreement, a "Notice of Termination"
shall mean a notice which shall indicate the specific termination provision in
this Agreement relied upon and shall set forth in reasonable detail the facts
and circumstances claimed to provide a basis for termination of the Employee's
employment under the provision so indicated.

         (f) As used herein, "Date of Termination" shall mean (i) if the
Employee's employment is terminated by his death, the date of his death, (ii) if
the Employee's employment is terminated for any other reason, the date specified
in the Notice of Termination; provided that, if within thirty (30) days after
any Notice of Termination is given, the parties who receive such Notice of
Termination notify the other parties that a dispute exists concerning the
termination, the Date of Termination shall be the date on which the dispute is
finally determined, by a final judgment, order or decree of a court of competent
jurisdiction (the time for appeal therefrom having expired and no appeal having
been perfected).

         9. COMPENSATION UPON TERMINATION.

         (a) In the event that the Bank terminates the employment of the
Employee pursuant to Section 8(a), the Employee shall continue for the remainder
of the Term to receive his full compensation, as provided in Section 4(a), at a
rate equal to the Employee's basic compensation

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received by the Employee for the twelve (12) months prior to the Date of
Termination. Such payments shall be made by the Bank at the same intervals as
his basic annual compensation and shall continue for the remainder of the Term,
together with all other unpaid amounts previously accrued or awarded pursuant to
any other provision of this Agreement, provided, however, that the Bank's
obligations to make payments hereunder shall be reduced by the amount the
Employee receives in compensation and cash benefits from any other employer or
any person to or for whom Employee is providing services as a consultant or
independent contractor.

         (b) If the Employee terminates his employment pursuant to Section 8(a)
or the Bank terminates the Employee's employment for cause, the Bank shall pay
the Employee his (i) basic annual salary through the Date of Termination at the
rate in effect at the time Notice of Termination is given; and (ii) all other
unpaid amounts previously accrued or awarded pursuant to any other provision of
this Agreement.

         (c) All payments due under this Section 9 shall survive the Employee's
death and shall be payable thereafter to the Employee's spouse or his estate, as
the case may be, in accordance with this Agreement, provided that the Bank
reserves the right, in its sole discretion, to make such payments in one lump
sum discounted to present value, rather than in periodic payments as required
above.

         10. NOTICES. All communications, notices and elections pursuant to
Section 9, and all other notices, requests, consents or demands given under this
Agreement shall be in writing and shall be deemed to have been duly given when
delivered to, or mailed by prepaid registered or certified mail addressed to the
party for whom intended as follows, or to such other address as may be furnished
by such party in the manner provided herein:

         If to the Employee:        James D. Neff
                                    134 Country Club Drive
                                    LaPorte, Indiana 46350

         If to the Bank:   Horizon Bank, N.A.
                                    515 Franklin Square
                                    Michigan City, Indiana 46360
                                    Attention:  President

         11. GOVERNING LAW. This Agreement has been executed and delivered in
the State of Indiana and shall be construed in accordance with and governed by
the laws of the State of Indiana, without giving effect to any conflicts of laws
rules.

         12. ENTIRE AGREEMENT. This Agreement sets forth the entire
understanding of the parties hereto with respect to its subject matter, merges
and supersedes all prior and contemporaneous understandings with respect to its
subject matter, and may not be waived or modified, in whole or in part, except
by a writing signed by each of the parties hereto. No waiver of any provision of
this Agreement in any instance shall be deemed to be a waiver of the same or any
other provision in any other instance.

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         13. CONSTRUCTION. Headings contained in this Agreement are for
convenience of reference only and shall not be used in the interpretation of
this Agreement. References herein to Sections are to the sections of this
Agreement. As used herein, the singular includes the plural and the masculine,
feminine and neuter gender each includes the others where the context so
indicates.

         14. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon,
enforceable against, and inure to the benefit of, the parties hereto and their
respective heirs, successors and assigns, and nothing herein is intended to
confer any right, remedy or benefit upon any other person. The rights, duties
and obligations of the Employee hereunder may not be assigned. This Agreement
may not be assigned by the Bank without the prior written consent of the
Employee, which consent shall not be unreasonably withheld.

         15. SEVERABILITY. If any provision of this Agreement is held to be
invalid or unenforceable by a court of competent jurisdiction, this Agreement
shall be interpreted and enforceable as if such provision were severed or
limited or payment reduced, but only to the extent necessary to render such
provision and this Agreement enforceable.

         16. COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall be an original, but all of which together
shall constitute one and the same instrument.

         IN WITNESS WHEREOF, each of the parties hereto has executed this
Agreement as of the date first set forth above.

                                    EMPLOYEE

                                    -------------------------------------
                                    James D. Neff

ATTEST:  (SEAL)                     HORIZON BANK, N.A.

By:                                 By:
   ----------------------------        ----------------------------------
Printed:                            Printed:  Craig M. Dwight
        -----------------------
Title:                              Title: President and Chief Executive Officer
      -------------------------

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                                   SCHEDULE A
                                       TO
                              EMPLOYMENT AGREEMENT
                           BETWEEN HORIZON BANK, N.A.
                                AND JAMES D. NEFF

                           DATED _______________, 1999

                                  Section 4(b)

         INCENTIVE COMPENSATION.
         -----------------------

(1)      Within __________ (_____) days following each December 31, commencing
         December 31, 2000, the Bank shall pay the Employee, subject to certain
         conditions set forth herein, an incentive compensation bonus provided
         that the Mortgage Warehousing Division meets or exceeds certain Return
         on Equity ("ROE") goals. The goals and amounts of bonus are as follows:

              Goal                          Bonus
              -------------------------     -----------------------------
              12% ROE                       25% of annual base salary
              15% ROE                       40% of annual base salary
              20% ROE or above              50% of annual base salary

(2)      If the Division exceeds 20% ROE in any fiscal year, the Employee shall
         receive an additional bonus equal to 15% of the dollar amount of net
         income that exceeds the amount necessary to reach the 20% ROE target.

(3)      In no event will the amounts paid in Incentive Compensation hereunder,
         in the aggregate with incentive compensation paid to the Vice President
         of the Mortgage Warehousing Division, exceed $250,000 in any fiscal
         year and the Bank shall reduce pro rata the amount paid to the Employee
         hereunder and such other officer to avoid exceeding such limitation.

(4)      For each of fiscal year 2000 and 2001, the Employee shall be guaranteed
         a minimum incentive compensation bonus of $15,000 under paragraph (1)
         above, even if the ROE goals are not met.

(5)      The Bank will not materially alter or amend this schedule through
         fiscal year 2004 unless agreed to in writing by the Bank and the
         Employee.

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BANK:                                        EMPLOYEE:
HORIZON BANK, N.A.

By:
   ----------------------------------       ------------------------------
Printed:  Craig M. Dwight                   James D. Neff
Title:  President and Chief Executive
         Officer

IM-267892-1

                                         8<PAGE>   1
10.16 EMPLOYMENT AGREEMENT BY AND BETWEEN SECOND BANCORP AND RICK L. BLOSSOM,
DATED DECEMBER 6, 1999.

                              EMPLOYMENT AGREEMENT
                              --------------------

                  THIS AGREEMENT is made as of this _____ day of  ___________,
1999, by and between SECOND BANCORP, INCORPORATED, an Ohio corporation ("Second
Bancorp"), and Rick L. Blossom ("Executive") .
                                  WITNESSETH :
                                  ------------
                  WHEREAS, Second Bancorp desires to employ Executive to operate
and direct its business as President and Chief Operating Officer; and
                  WHEREAS, Second Bancorp and Executive desire to enter into a
written employment agreement setting forth their agreement with respect to the
terms of Executive's employment.
                  NOW, THEREFORE, the parties do hereby agree as follows:
                  1 .      DEFINITIONS.  For purposes of this Agreement,  the
following  terms shall be defined as set forth in this Section 1.
                  1.1  "Board" shall mean the Board of Directors of Second
Bancorp.
                  1.2 "Disability" shall mean any disability which continuously
disables and wholly prevents Executive from performing his duties under this
Agreement and which is expected to be of a permanent duration. The determination
of whether Executive is disabled shall be made by two duly licensed physicians,
one chosen by the Board and one chosen by

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Executive. In the event the two physicians are unable to agree with respect to
whether Executive is disabled, the determination of whether Executive is
disabled shall be made by a third duly licensed physician chosen by the two
physicians.

                  1.3 "Discharge for Cause" shall mean the termination of
Executive's employment with Second Bancorp due to (i) Executive's conviction of
either a felony involving moral turpitude or any crime in connection with his
employment by Second Bancorp; or (ii) actions by Executive as an executive
officer of Second Bancorp which are prohibited or contrary to law, or contrary
to the best interests of Second Bancorp; or (iii) Executive's willful failure to
take actions permitted or required by law and necessary to implement policies of
the Board as reflected in the minutes and records of the Board; or (iv)
Executive's continued failure to attend to his duties as an executive officer of
Second Bancorp as set forth in this Agreement; or (v) any condition which either
resulted from Executive's habitual drunkenness or addiction to narcotics, or
resulted from any intentionally self-inflicted injury.
                  1.4 "Employment Date" shall mean the day upon which Executive
formally became an employee of Second Bancorp which day was December 6, 1999.
                  1.5 "Fiscal  Year" shall mean Second Bancorp's annual
accounting period. which is the twelve (12) month period ending each
December 31.
                  1.6 "Change in Control" shall be deemed to have occurred if
 and when:
                  (a)      Any person or group of persons acting in concert and
                           not presently in control of the Company shall have
                           acquired ownership of or the right to vote or to
                           direct the voting of shares of capital stock of the
                           Company representing 51% or more of the total voting
                           power of the Company, or

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                  (b)      The Company shall have merged into or consolidated
                           with another corporation, or another corporation has
                           merged into the Company, on a basis whereby less than
                           a majority of the total voting power of the surviving
                           corporation is represented by shares held by former
                           shareholders of the Company immediately prior to such
                           merger or consolidation, or

                  (c)      The Company shall have sold substantially all of its
                           assets to another corporation or other entity or
                           person.

                  2. TERM.  Second Bancorp hereby agrees to employ  Executive
and Executive hereby agrees to accept employment by Second Bancorp for a period
of five (5) years (the "Employment Period") commencing on the Employment Date.
This Agreement may be extended by mutual agreement of the parties.
                  3. TITLE AND DUTIES. Executive's titles shall be President and
Chief Operating Officer of Second Bancorp and President and Chief Executive
Officer of The Second National Bank of Warren (the "Bank"). Further, Executive
shall be designated as Chief Executive Officer of Second Bancorp at an
appropriate time. Executive shall, under the direction of the Board, exercise
all of the authority that such title and office confer, shall report and be
responsible only to the Board and, in general, shall direct and manage all the
operations of Second Bancorp and the Bank and the employees of Second Bancorp
and the Bank.
                  4. COMPENSATION.  Executive shall be paid compensation by
Second Bancorp for the services rendered by him as set forth below:
                  4.1 Executive shall be entitled to a base salary for the term
of this Agreement of not less than Four Hundred Thousand Dollars ($400,000.00)
per annum, payable in accordance with Second Bancorp's general salary payment
procedures for its executives. In the event that

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the Employment Date is some date other than the first day of a month, the base
salary payable to Executive for the month in which the Employment Date occurs
shall be appropriately prorated.

                  4.2 Executive's job performance shall be reviewed annually by
the Compensation and Organization Committee no later than the first quarter of
the Fiscal Year. In addition to the amounts described in Section 4.1, Executive
shall be paid such other amounts in addition to his base salary as the Board
may, in its discretion, determine from time to time, provided that any such
additional payments shall not be considered to be "base salary" for purposes of
Section 4.1 above unless designated as such by the Board.
                  4.3 Second Bancorp and Executive shall enter into a Severance
Agreement which shall continue Executive's salary, bonus, and fringe benefits in
the event of a Change in Control. A proposed Severance Agreement is attached
hereto as Exhibit A.
                  5. BONUSES.
                  5.l In addition to any payments made pursuant to Section 4
above, Executive shall be entitled to receive a guaranteed bonus of $150,000.00
for the first year of the Employment Period, which shall provide Executive with
a prorated portion of the guaranteed bonus in 1999 and a full payment of the
guaranteed amount for 2000. For the balance of the Employment Period,
Executive's target bonus shall be based on achievement of personal and corporate
objectives agreed on by the Executive and the Board. The target for such bonus
shall be 35% of his base salary and no more than 75% of his base salary.

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                  5.2 The amount of bonus for Fiscal Year 2001 and thereafter
shall be calculated and paid in accordance with such bonus program or
arrangement as Second Bancorp and the Executive shall thereupon agree.
                  5.3 As consideration for the loss of benefits incurred by
Executive for leaving his current employment and being employed by Second
Bancorp prior to December 31, 1999, Second Bancorp shall pay to Executive a lump
sum payment of $250,000.00 in cash on or prior to January 15 of the year 2000.
                  6. STOCK OPTION AWARDS.
                  6.1 In addition to any payments made pursuant to Sections 4
and 5 above, if Executive is employed by Second Bancorp prior to December 31,
1999, Executive shall be entitled to receive 20,000 stock option awards pursuant
to the stock option plan of Second Bancorp. An award of 10,000 stock options
shall be granted to Executive immediately upon commencement of the Employment
Term. The balance of the stock option awards shall be granted on January 1,
2000. If Executive is hired after December 31, 1999, Second Bancorp shall use
its best efforts to obtain shareholder approval for the award of 20,000 stock
option awards to Executive in calendar year 2000. Executive and the Board shall
jointly work to provide a program of this nature on a continuing basis for
Executive and the officers of Second Bancorp.
                  6.2 Second Bancorp will use its best efforts to obtain
shareholder approval for the issuance of restricted stock of Second Bancorp. If
successful, such stock shall be granted to Executive pursuant to the following
performance measures which shall be applied five (5) years

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from the date of grant of such restricted stock. Such measures shall be
independent of each other and will work as follows:

                  (i)      Executive shall be awarded restrictive stock based
                           on Second Bancorp's ROA. The threshold ROA of Second
                           Bancorp shall be 1.35% and the target will be 1.50%,
                           with performance above 1.50% ROA uncapped. The
                           restricted share awards for the above goals shall be
                           1,500 shares at 1.35% and 3,000 shares at 1.50%. For
                           performance above 1.50% ROA, the payout will be
                           determined by extrapolation from the points above.
                           Such formula shall award 100 additional restricted
                           shares for each 1 basis point by which actual ROA
                           exceeds 1.50%. For example, a 1.70% ROA would earn
                           5,000 shares.

                  (ii)     Executive shall be awarded restrictive stock based
                           on the increase in Second Bancorp's earnings per
                           share. The threshold Earnings Per Share ("EPS")
                           growth will be 70% above the actual 1999 EPS (now
                           projected to be about $1.65). The target for EPS
                           growth will be 100% of the actual EPS growth for
                           Fiscal Year 1999. The restricted share awards
                           corresponding to the above goals will be 1,500 shares
                           at 70% and 3,000 shares at 100%. For performance
                           above 100% EPS growth, the payment will be determined
                           by extrapolation from the points above. Such formula
                           shall award 50 additional restricted shares for each
                           1 percentage point by which EPS growth exceeds 100%.
                           For example, a 115% EPS growth would earn 3,750
                           shares. In calculating EPS, extraordinary,
                           non-recurring expenses and income shall be excluded
                           from the EPS.

                  7. FRINGE BENEFITS. In addition to all other remuneration
provided by Second Bancorp pursuant to this Agreement, during the term of this
Agreement Executive shall be entitled to the following benefits at Second
Bancorp's expense:
                  7.1 Life insurance on the life of Executive in the amount of
one and one half (1 1/2) times Executive's base salary, plus bonus, as the same
shall be adjusted from time to time. Such

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insurance shall provide payment in the event of Executive's death for any reason
to a beneficiary or beneficiaries designated by Executive.
                  7.2 Bank-paid membership in the following  clubs: (i) the
Trumbull Country Club, (ii) the Buckeye Club, and (iii) a country club mutually
selected by Executive and the Board.
                  7.3 An annual physical at a clinic or from a physician of
Executive's choice to be conducted in the Cleveland, Akron, or Warren, Ohio,
area.
                  7.4 Income tax preparation services from an accountant or
service of Executive's choice.
                  7.5 Paid vacation of four (4) weeks during each year of this
Agreement.
                  7.6 All other rights and benefits for which Executive may be
eligible pursuant to any employee benefit plans maintained from time to time by
Second Bancorp for its executives or its employees.
                  8. MOVING EXPENSES. Second Bancorp will provide Executive
the following expenses and services (whether by direct payment or by
reimbursement to Executive as Executive shall elect) in connection with
Executive's move to the Warren, Ohio, area:
                  8.1 Actual moving, packing, and storage expenses for all
household and personal property of Executive and his family.
                  8.2 Travel expenses from Cincinnati and up to ninety (90) days
of living expenses for Executive in the Warren, Ohio, area prior to his move to
the Warren, Ohio, area in reasonable accommodations of his choice.

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                  8.3 All brokerage fees incurred by Executive with respect to
the sale of his present residence if paragraph 8.4 herein is not invoked.
                  8.4 In the event Executive has not sold his present residence
located at 990 Ridgefield Road, Hamilton, Ohio 45013, within ninety (90) days
after Executive has commenced his employment with Second Bancorp, Second Bancorp
shall arrange for the purchase of his present residence from Executive at a
value to be determined by Executive and Second Bancorp by mutually selecting a
real estate marketing firm. Typically, such firms obtain several appraisals of
Executive's residence and the purchase price is some average of the several
appraisals.
                  9. CONDITIONS AND PLACES OF EMPLOYMENT.
                  9.1 Executive's services will be rendered in the Warren, Ohio,
region or at such other places as he and the Board deem advisable. Executive
shall devote his full time and attention to his duties under this Agreement both
within and outside normal working hours as shall be reasonably required by the
Board.
                  9.2 While he is employed under this Agreement, Executive shall
not, without the prior written consent of the Board, directly or indirectly
engage in, or accept any position as agent, employee, officer, or director of,
or consult with, advise, invest in (except for investments held by Executive as
of the date hereof and except for investments of less than 5% of the capital
stock of a publicly traded company) or otherwise in any way give assistance or
aid to any person, engaging in business (except in the ordinary course of his
duties as defined herein), provided, however, that nothing contained in this
Section 9.2 shall prohibit Executive from serving as a director (whether or not
Executive receives remuneration for such service) of any company

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which is not affiliated with Second Bancorp, or as an officer or director of any
charitable or civic organizations in the northeast Ohio area, provided said
service is satisfactory to the Board.
                  Furthermore, if the employment of Executive with Second
Bancorp shall be terminated during the term of this Agreement through a
discharge for cause, or if he voluntarily quits, Executive shall not directly
compete with Second Bancorp or its affiliates in their marketing area for a one
(1) year period following such termination of employment.
                  Executive shall not, at any time during the term of his
employment hereunder, directly or indirectly disclose or furnish to any person
not entitled to receive the same for the immediate benefit of Second Bancorp,
any trade secrets or confidential information, including, but not limited to,
information as to the business methods, operations, and affairs of Second
Bancorp.
                  10. EXPENSES, ETC. All ordinary and necessary expenses
reasonably incurred by Executive in connection with the performance of his
duties hereunder, including expenses for travel, entertainment, and other
business activities, shall be paid by Second Bancorp or reimbursed to Executive
as the case may be. Second Bancorp shall provide, for Executive's business and
personal use, an automobile compatible with Executive's status and shall provide
for all operation and maintenance expenses in connection therewith, including
adequate insurance with respect thereto. In the alternative, Second Bancorp
shall pay Executive a reasonable automobile allowance for the automobile
expenses described in this Section 10.
                  11. BOARD OF DIRECTORS. Second Bancorp will uses its best
efforts to cause Executive to become and remain a member of its Board throughout
the term of this Agreement.

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<PAGE>   10

Executive shall receive compensation in such capacities as is paid to "inside"
directors of Second Bancorp.

                  12. TERMINATION OF EXECUTIVE'S EMPLOYMENT DURING THE TERM OF
THIS AGREEMENT.
                  12.1 DISABILITY AND DEATH. In the event that Executive's
employment with Second Bancorp is terminated by Second Bancorp because of
Executive's disability or death during the term of this Agreement, the
consequences shall be as follow: (i) Executive shall be entitled to receive his
base salary described in Section 4 hereof equitably prorated through the date of
Executive's termination of employment; (ii) all amounts of bonus which have not
been paid to Executive, including a bonus for the Fiscal Year of his termination
of employment equitably prorated through the day of such termination, shall be
paid to Executive at the time set forth in Section 5 hereof; (iii) benefit
coverage and entitlements granted to Executive pursuant to Sections 7, 8, and 10
hereof shall cease; except for rights accrued but not yet paid to Executive.
                  12.2 RESIGNATION AND DISCHARGE FOR CAUSE. In the event that
Executive's employment with Second Bancorp is terminated during the term of this
Agreement as a result of Executive's resignation or Discharge for Cause, the
consequences shall be as follows: (i) Executive shall be entitled to receive his
base salary described in Section 4 hereof equitably prorated through the date of
Executive's termination of employment; (ii) all amounts of bonus which have not
been paid to Executive shall be paid to Executive at the time set forth in
Section 5 hereof, provided that he shall not be entitled to a bonus for the
Fiscal Year which includes the date of his termination of employment; (iii)
fringe benefit coverages granted to Executive pursuant to Section 7, 8, and 10
hereof shall cease.

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<PAGE>   11

                  12.3 DISCHARGE WITHOUT CAUSE. In the event that Executive's
employment with Second Bancorp is terminated without cause, the consequences
shall be as follows: (i) Executive shall be entitled to receive his base salary
described in Section 4 hereof for twenty-four (24) months commencing with the
month following his termination; (ii) Executive shall be entitled to receive a
prorated bonus for the Fiscal Year of termination prorated to the date of
termination and he shall be entitled to two (2) additional annual bonus payments
in an amount equal to the Fiscal Year's annual bonus paid to Executive prior to
termination with such payments to be made prior to March 31 of Second Bancorp's
Fiscal Year; and the benefit coverage and entitlements granted to Executive
pursuant to Sections 7, 8, and 10 hereof shall continue for twenty-four (24)
months commencing with the month following termination. Notwithstanding the
benefits conveyed to Executive pursuant to this Section 12.3, Executive's right
to receive his base salary and fringe benefits under Sections 7, 8, and 10 shall
terminate on the date Executive accepts a position with another company or
lending institution.
                  13. NOTICES. All notices, demands, or other communications
under this Agreement shall be effective if in writing and either given
personally to the other party or sent prepaid certified or registered mail, with
return receipt requested, addressed to the other party as set forth below or at
such other address as may have been furnished by such other party in writing.
Any notice sent by mail pursuant to the preceding sentence shall be deemed to
have been received no later than seven (7) days after the date of mailing.
Notices to Executive by mail shall be sent to Executive's residence address as
shown on the records of Second Bancorp. Notices to Second Bancorp may be
delivered by hand to the Chairman of the Compensation and

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<PAGE>   12

Organization Committee of Second Bancorp or by mail by sending same to Second
Bancorp's headquarters, "Attention: Chairman of the Compensation and
Organization Committee".
                  14. BINDING EFFECT. This Agreement shall be binding on the
parties hereto, and their respective heirs, personal representatives,
successors, and permitted assigns.
                  15. GOVERNING LAW; SEVERABILITY. This Agreement and the
relationships of the parties in connection with the subject matter of this
Agreement shall be governed by and determined in accordance with the laws of the
State of Ohio. If any provision of this Agreement or the application thereof
shall for any reason and to any extent be invalid and unenforceable, the
remainder of this Agreement shall not be affected thereby, but rather shall be
enforced to the full extent permitted by law.
                  16. GENDER; NUMBER. The use of the feminine,  masculine, or
neuter pronoun herein shall not be restrictive as to gender and shall be
interpreted in all cases as the context may require. The use of the singular or
plural herein shall not be restrictive as to number and shall be interpreted in
all cases as the context may require.
                  17. EXECUTION IN COUNTERPARTS. This Agreement may be executed
in multiple counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same document. Counterparts may be
executed on the same date (or different dates) in different locations and
telephonic confirmation by all individual signators shall be deemed proper,
complete, and binding execution of this Agreement (on the date Executive and at
least one signator for Second Bancorp has signed) such that this Agreement shall
thereafter be in full force and effect.

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<PAGE>   13

                  18. ENTIRE AGREEMENT; AMENDMENT. This Agreement sets forth the
entire understanding and agreement of the parties hereto concerning the subject
matter hereof. No representation, promise, inducement, or statement of intention
has been made by or on behalf of any party hereto concerning the subject matter
hereof which is not set forth in this Agreement. This Agreement may be amended
only by a writing which is signed by both Executive and Second Bancorp and which
is specifically authorized or ratified by the Board.
                  19. NO ASSIGNMENT WITHOUT CONSENT OF SECOND BANCORP. Except as
set forth herein or either by operation of law upon Executive's death or
pursuant to Executive's Will upon his death, no rights of any kind under this
Agreement shall, without the specific authorization of the Board, be
transferable or assignable by Executive or any other person, or be subject to
alienation, encumbrance, garnishment, attachment, execution, or levy of any
kind, voluntary or involuntary.

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<PAGE>   14

                  IN WITNESS WHEREOF, this Agreement is executed by Second
Bancorp, Incorporated, by its _____________________________, being duly
authorized by the Board, and by Rick L. Blossom on this _____ day of
_______________, 1999.

                                   SECOND BANCORP, INCORPORATED

                                   By: ________________________________

                                   Its: ________________________________
                                              "Second Bancorp"

                                   ------------------------------------
                                   Rick L. Blossom

                                       70

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