Document:

PERSONAL SERVICES CONSULTING AGREEMENT

PSCA.2012.011.MYA

01 June 2012

 

Modification 001

01 June 2013

 

This
Personal Services Consulting Agreement is modified effective 01 June 2013 to 1) extend the period of performance; and 2) increase
the maximum obligation.

 

		3.	PERIOD OF PERFORMANCE

01
June 2012 through 31 May 2014

 

		4.	COSTS, FUNDING, AND MAXIMUM OBLIGATION

		c.	Maximum Obligation

  

The Buyer’s maximum obligation for
payment during the term of this Agreement shall not exceed $177,184.00 inclusive of any authorized costs incurred by the Consultant.
It is understood that there is no guarantee of any minimum obligation under this Agreement.

IN WITNESS WHEREOF, the parties hereto have executed this modification
on the date shown below:

 

 

	Sigma
    Labs, Inc.         	 	Monica
    Yaple
	 	 	 
	 	 	 
	By	/s/
    Mark J. Cola 	 	By	/s/
    Monica Yaple
	Name	Mark
    J. Cola	 	Name	Monica
    Yaple
	Title	President	 	Title	CPA
	Date	7-11-2013 	 	Date	7-15-2013
	Voice	(505)
    438-2576	 	Voice	505-350-2607 
	Email	cola@b6sigma.com	 	Email	
	 	 	 	Tax
    ID	

 

 

    	 

    	 

    

 

 

 

PERSONAL SERVICES CONSULTING AGREEMENT

PSCA.2012.011.MYA

01 June 2012

 

TASK ORDER 0001

01 June 2012

 

Modification 001

01 June 2013

 

This
Task Order is modified effective 01 June 2013 to 1) modify the statement of work; 2) extend the period of performance; 3)
increase the task order funding.

 

		A.1	STATEMENT OF WORK

Delete “B6 Sigma liaison with DCAA”.

 

		A.2	PERIOD OF PERFORMANCE

01 June 2012 through 31 May 2014

 

		A.4	TASK ORDER FUNDING

 

	MODIFICATION 001	 	TOTAL TO0001 FUNDING	 
	Labor	62,400.00	(832 hours)	Labor	152,400.00	(2032 hours)
	NMGRT	5,109.00	(on labor)	NMGRT	11,409.00	(on labor)
	Travel	1,000.00	(POV mileage)	Travel	13,375.00	(POV mileage)
	TOTAL	$68,509.00	 	TOTAL	$177,184.00	 

 

IN WITNESS WHEREOF, the parties hereto have executed this modification
on the date shown below:

 

	Sigma
    Labs, Inc.         	 	Monica
    Yaple
	 	 	 
	 	 	 
	By	/s/
    Mark J. Cola 	 	By	/s/
    Monica Yaple
	Name	Mark
    J. Cola	 	Name	Monica
    Yaple
	Title	President	 	Title	CPA
	Date	7-11-2013 	 	Date	7-15-2013
	Voice	(505)
    438-2576	 	Voice	505-350-2607 
	Email	cola@b6sigma.com	 	Email	
	 	 	 	Tax
    IDExhibit 10.1

 

FIRST FINANCIAL SERVICE CORPORATION

2006 STOCK OPTION AND INCENTIVE
COMPENSATION PLAN

 

Restricted
Stock Award Agreement 

 

First Financial Service Corporation (“FFKY”)
grants to B. Keith Johnson (the “Employee” or “you”), as of October 30, 2013 (the “Grant Date”),
the number of shares set forth below of the common stock of FFKY under the First Financial Service Corporation 2006 Stock Option
and Incentive Compensation Plan (the “Plan”). A copy of the Plan is attached, and any capitalized terms used but not
defined in this Agreement shall have the meaning given them in the Plan.

 

Grant
of Award. Subject to the terms and conditions of this Agreement and the Plan, FFKY hereby grants to you a Restricted
Stock Award in the amount of 27,641 shares of Stock (the “Shares”). The Shares will be issued to you after you sign
this Agreement, but are subject to forfeiture should you fail to continue performing substantial services for FFKY. FFKY shall
retain custody of any certificates evidencing the Shares until such time as the Shares become vested, in accordance with provisions
set forth below.

 

Restriction
Period. The Shares will vest in the amounts and on the dates set forth on Schedule 1 to this Agreement, provided
that you have continued to perform substantial services for FFKY (as described on Schedule 1) through each such date. However,
your Shares will become 100% vested upon your death or Disability or a Change of Control event (as defined in the Plan).

 

Taxation
of Award. Your Restricted Stock will be taxable when it vests, at the value on the vesting date, and you agree not to
make an election under Section 83(b) of the Internal Revenue Code to change that tax treatment. You will be required to make arrangements
satisfactory to FFKY to pay any required withholding taxes due upon vesting of your Restricted Stock. Satisfactory arrangements
may include the Company retaining or buying back from you a portion of the Shares with a Fair Market Value equal to the Company’s
withholding obligations, if such an arrangement is mutually agreeable to you and the Company.

 

Transfer
Restrictions. Until such time as the Shares become vested in accordance with provisions set forth above, the Shares
shall not be transferred, pledged, sold or otherwise disposed of, and are subject to forfeiture in accordance with this Agreement
and the Plan.

 

Restrictions
on Dividends. Any dividends that may be declared on the Shares shall be retained by FFKY until the date the Shares become
vested in accordance with provisions set forth above, and will be paid to you on such date. Dividends on unvested shares are subject
to forfeiture in accordance with this Agreement and the Plan.

 

Compliance
with Applicable Law. This Agreement is intended in all respects to fully comply with the requirements of all applicable
laws and regulations (“Applicable Law”). If one or more provisions of this Agreement are determined at any time not
to be in conformity with Applicable Law, this Agreement will automatically be restructured to the extent necessary to ensure conformity
with Applicable Law, including (if any to the extent necessary) by forfeiture of Shares of Restricted Stock granted to you hereby,
and any dividends, distributions or other proceeds received thereon.

 

Restricted
Stock Termination Agreement and Release. The parties are executing and delivering a Restricted Stock Termination Agreement
and Release concurrently with their execution and delivery of this Agreement. You further understand and acknowledge that Schedule
1 provides that your execution and delivery to the Company by May 31, 2014 of the release included in the Restricted Stock
Termination Agreement and Release is a condition to the vesting of the Shares in May 2014 and thereafter.

 

Acknowledgments.
By signing below, you acknowledge that you have received a copy of the Plan, and you hereby accept the Shares subject to
all the terms and provisions of the Plan. Nothing contained in the Plan or this Agreement shall give you any rights to continued
employment by FFKY or interfere in any way with the right of FFKY to terminate your employment or change your compensation at any
time.

 

    	 

    	 

    

 

Stock
Power. To effect the transfer to FFKY of the Shares upon your failure to continue performing substantial services for
FFKY, or upon a determination that all or a portion of the Shares were granted to you in violation of Applicable Law, you hereby
execute the following with your signature below: “By signing below, I hereby appoint the Secretary of FFKY as my agent, authorized
representative and attorney, to transfer the Shares I receive under this Award, without consideration therefore, to FFKY should
I cease performing substantial services for FFKY prior to the vesting date (other than as a result of my death or Disability or
a Change of Control event), or should it be determined that all or a portion of the Shares granted to me under this Award were
granted in violation of Applicable Law, and no further authorization or signature by me shall be required. Within five days after
receipt of a written request from FFKY, I hereby agree to provide such additional information and to execute and deliver such additional
documents as may reasonably be necessary to effect this transfer.”

  

	EMPLOYEE	 	FIRST FINANCIAL SERVICE CORPORATION
	 	 	 	 
	 	 	 	 
	/s/ B. Keith Johnson	 	By:	/s/ John L. Newcomb, Jr.
	B. Keith Johnson	 	 	Chairman, Executive Compensation Committee
	 	 	 	 
	Date: 	October 30, 2013	 	Date:	October 30, 2013

 

 

    	 

    	 

    

 

Schedule
1

  

 

	
        Date
	
        Vesting Shares
	Vesting shares as a percentage of total grant	
        Conditions to Vesting

	 	 	 	 
	Grant Date	5,528	20%	Vests immediately upon grant.
	 	 	 	 
	1/1/2014	5,528	20%	Contingent upon continued performance of your duties under the Management Succession Plan.
	 	 	 	 
	May 2014	5,528	20%	Contingent upon (i) your performance of duties through May 12, 2014, the date under the Management Succession Plan you cease to perform services as an employee, and (ii) your delivery of a signed release to the Company on or after that date, but no later than May 31, 2014.
	 	 	 	 
	11/15/2014	5,528	20%	Contingent upon (i) your prior delivery of a signed release to the Company on or after May 12, 2014, but no later than May 31, 2014,  and (ii) your attendance at 75% of board and board committee meetings during the 6 month period ending November 15, 2014.  
	 	 	 	 
	5/15/ 2015 	5,529	20%	Contingent upon (i) your prior delivery of a signed release to the Company on or after May 12, 2014, but no later than May 31, 2014,  and (ii) your attendance at 75% of board and board committee meetings during the 6 month period ending May 15, 2015.Exhibit 10.2

 

 

RESTRICTED STOCK TERMINATION AGREEMENT
AND RELEASE

 

This is a Restricted
Stock Termination Agreement and Release dated as of October 30, 2013, between B. Keith Johnson (“Johnson”) and First
Financial Service Corporation (the “Company”).

 

Recitals

 

A.On December 31,
2010, Johnson was awarded 36,855 shares of “long-term restricted stock,” as defined by the U.S. Treasury’s Interim
Final Rule governing executive compensation that applies to all bank holding companies in which Treasury
holds preferred stock purchased under its Capital Purchase Program.

 

B.As a result of
the U.S. Treasury’s sale of preferred stock of the Company at a 54% discount on April 29, 2013, and the conditions for the
termination of the transfer restrictions on long-term restricted stock under the Interim Final Rule, 25% of Johnson’s restricted
stock, or 9,214 shares, became freely transferable on April 29, 2013, while the remaining 27,641 shares remain subject to transfer
restrictions indefinitely.

 

C.After consideration
of the long-term interests of the Company, its subsidiary bank and its shareholders, and other factors including the consequences
of the U.S. Treasury’s sale of the Company’s preferred stock and the objectives of the Management Succession Plan adopted
by the Board of Directors in February 2012, the Company’s the Board of Directors has awarded Johnson 27,641 shares of restricted
stock (the “Shares”) as of the date of this Agreement, which will vest in 20% increments upon the satisfaction of certain
conditions set forth in a Restricted Stock Agreement that Johnson and the Company have entered into and delivered concurrently
with their execution and delivery of this Agreement (the “Restricted Stock Agreement”).

 

D.Due to the uncertainty
resulting from having on its books 27,641 outstanding shares subject to indefinite transfer restrictions, and the likelihood that
Johnson will never be able to realize a financial return through sale of those shares, the Company has proposed and Johnson has
agreed that 27,641 of the 36,855 shares of long-term restricted stock awarded to Johnson on December 31, 2010 be terminated.

 

Agreement

 

In consideration of
the grant of restricted shares to Johnson on the terms and conditions of the Restricted Stock Agreement, the mutual covenants set
forth in this Agreement, and other good and valuable consideration the receipt of which the parties hereto acknowledge, Johnson
and the Company do hereby agree as follows:

 

1. Termination of
Long-Term Restricted Stock. The 27,641 shares of long-term restricted stock awarded to Johnson on December 31, 2010 that remain
subject to indefinite transfer restrictions are hereby terminated.

 

2. Release.
Not later than May 31, 2014, Johnson shall execute and deliver to the Company the release attached as Annex A to this Agreement,
which, as provided in the Restricted Stock Agreement, is a condition to the vesting of 16,465 of the Shares in May 2014 and thereafter.

 

    	 

    	 

    

 

3. Acknowledgements.

 

(a)Johnson acknowledges
that, effective as of the date of this Agreement, the Board of Directors has discontinued the position of Vice Chairman of the
Board, thereby ending Johnson’s tenure in that position.

 

(b)Pursuant to Section
3.1 of the 2012 Non-Employee Director Equity Compensation Program ("Program"), the Compensation Committee acknowledges
that if Johnson completes his employment on May 12, 2014, as contemplated by the Management Succession Plan, and continues to serve
as a director of the Company through the 2014 annual meeting of shareholders, Johnson will then qualify as a “non-employee
director” entitled to receive a grant of restricted stock under the Program for the third year of his three-year term as
a director, which expires at the 2015 annual meeting of shareholders.

 

The parties have entered
into this Agreement as of the date set forth in the preamble above.

  

	 	 	FIRST FINANCIAL SERVICE CORPORATION
	 	 	
         

         

	 	By:	/s/ John L. Newcomb, Jr.
	 	 	John L. Newcomb, Jr.
	 	 	
        Chairman, Executive Compensation Committee

         

	 	 	Date:  October 30, 2013
	 	 	 
	 	 	/s/ B. Keith Johnson
	 	 	
        B. Keith Johnson

         

	 	 	Date:  October 30, 2013

 

    	 

    	 

    

 

Annex A

 

 

GENERAL RELEASE

 

This General Release
is delivered pursuant to a Restricted Stock Termination Agreement and Release dated as of October 30, 2013, between B. Keith Johnson
(“Johnson”) and First Financial Service Corporation (the “Company”) and a Restricted Stock Agreement entered
into and delivered concurrently by Johnson and the Company (the “Restricted Stock Agreement”).

 

Johnson hereby releases,
relinquishes, and forever discharges the Company and each of its officers, directors, representatives, employees, affiliates, subsidiaries
(direct and indirect), predecessors, successors, and assigns (collectively, the “Released Parties”) from
any and all payments, liabilities, obligations, causes of action, suits, debts, covenants, contracts, controversies, agreements,
warranties, representations, promises, damages, understandings, demands and claims, of whatever kind and nature, known and unknown,
now existing, which Johnson now has or has had or may have had or may have against the Company, whether in law or equity, arising
out of or relating to any agreement, obligation, arrangement, discussion, covenant, promise or other understanding, whether oral,
written or otherwise, on or before the date of this Agreement and particularly on account of any employment relationship between
Johnson and the Company, including the termination thereof, whether statutory or at common law, including but not limited to claims
arising under the Fair Labor Standards Act of 1938, Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act
of 1991, the Age Discrimination in Employment Act, the Americans with Disabilities Act of 1990, the Family and Medical Leave Act
of 1993, the Equal Pay Act of 1963, the Employee Retirement Income Security Act of 1974, as amended, and wrongful termination.
Notwithstanding the preceding to the contrary, nothing in this Agreement shall be construed to prevent Johnson from filing or participating
in a charge of discrimination with the Equal Employment Opportunity Commission (“EEOC”) or any state or local agency;
provided, however, by signing this Agreement Johnson hereby waives the right to recover any damages or other relief, including
attorneys’ fees, from the Company in any claim brought by or through the EEOC or any state or local agency.

 

It is the specific
intent and purpose of this Agreement to release and discharge any and all claims, charges and causes of action of any kind or nature
whatsoever, whether known or unknown, and whether specifically mentioned or not, which may exist or might be claimed to exist at
or prior to the date hereof, and the parties specifically waive any claim or right to assert that any cause of action or alleged
cause of action or claim or charge has been, through oversight or error, intentionally or unintentionally, omitted from this Agreement
and Johnson waives any right to seek reinstatement or to reapply for employment with the Company after May12, 2014. Notwithstanding
the foregoing, the release provisions set forth herein shall not apply to any rights to indemnification that Johnson has under
any directors and officers or other insurance policy that the Company maintains or under its by-laws and articles of incorporation.

 

Johnson hereby represents
and warrants that he has access to adequate information regarding the scope and effect of the release set forth above, and all
other matters encompassed by this release, to make an informed and knowledgeable decision with regard to granting this release.
Johnson further represents and warrants that he or she has not relied upon the Company, its subsidiaries, or any other Released
Parties in deciding to grant this general release and has instead made his or her own independent analysis and decision to grant
this release. Johnson acknowledges and agrees that the 27,641 shares of restricted stock awarded to Johnson on October 30, 2013
on the terms and conditions set forth in the Restricted Stock Agreement provide good and sufficient consideration for every promise,
duty, release, obligation, agreement and right contained in this Agreement.

 

    	 

    	 

    

 

Johnson acknowledges
and agrees that each of the Released Parties is a third party beneficiary of this release, and shall be entitled to enforce the
provisions herein against Johnson to the same extent as if they were parties hereto.

 

 

 

	 	 
	 	
        B. Keith Johnson 

	 	 
	 	Date:

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