Document:

Offer Letter with Brian P. MacDonald

 Exhibit 10.1 
  
 [Sunoco Logo] 
  
  
 June 30, 2009 
  
 Brian MacDonald 
 2153 Hilton Head 
 Round Rock TX 78664 
 Dear Brian, 
 Congratulations! I
am delighted that you have accepted our verbal offer to join Sunoco as Senior Vice President and Chief Financial Officer, effective August 10, 2009. Contained herein are the specifics of an offer to you to join Sunoco, Inc. 
 You are required to complete a physical examination and substance screening as soon as possible prior to your start date or within a reasonable time thereafter. Your
examination and screening will be coordinated by Sunoco’s Medical Director once we have received your written acceptance of this offer. This offer is subject to Compensation Committee approval of this offer letter and associated equity
awards, a satisfactory result on the substance screening, a customary background and reference check, and Board approval of your election as Senior Vice President and Chief Financial Officer which will be sought prior to the effective date.

 Compensation 
 Cash

 For 2009, your annual salary will be $650,000 and your target bonus under the annual Executive Incentive Plan (“EIP”) will be 80%
of your salary or $520,000, for total annualized targeted cash compensation of $1,170,000. The actual annual bonus earned can range from 0% to 200% of target depending on how well the Company performs. Since 2009 will be a partial year, any
salary will be earned based on the portion of the year you actually serve, and your EIP amount also will be pro rated based on the portion of the year you actually serve. The performance metrics for the 2009 EIP include Operating Income After Tax,
Return on Capital Employed as compared to a select group of peer companies and Health, Environmental and Safety performance. These performance metrics were established by the Compensation Committee for 2009 and are subject to change in future years
at the discretion of the Committee. 

 June 30, 2009 
 Page 2

  
  
 You will also
be granted a one-time cash award of $300,000 on the first payday after your hire date and one-time cash award of $400,000 on the six-month anniversary of your employment, both paid net of taxes. If you leave voluntarily or you are terminated by the
Company for “just cause”, as defined in the Sunoco, Inc. Special Executive Severance Plan, before the 36-month anniversary of your start date, you will be required to reimburse the Company the full amount of the one-time cash award of
$300,000. 
 Equity 
 Subject to Compensation
Committee approval, you will awarded a one-time grant of restricted share units equal in value to $2,200,000 at the date of grant, which will be August 31, 2009. The number of share units awarded will be determined on the date of grant, by
dividing the targeted value by the closing common stock share price on the grant date. The share units will vest, on the third anniversary of the date of grant. The distribution will be made to you in the form of net common shares after taxes within
30 days after the vesting date. Dividend equivalents accrued up through the vesting date will be paid in cash net of required taxes. A voluntary termination by you or termination by the Company for any reason, other than pursuant to a change in
control, will result in the forfeiture of unvested share units. All long-term incentive awards granted to our executives are made under the Company’s Long-Term Performance Enhancement Plan II (“LTPEPII”), and you will receive a
separate award document related to this sign-on equity award at the grant date. 
 You will also receive one-time equity grants equal in value to
approximately $1,700,000. This grant will be equally split in value between stock options, calculated under the valuation method used by the Company’s compensation consultant, and performance-based Common Stock Units (“CSUs”)
using the closing common stock share price at the time of grant to value the number of CSUs. The grant date will be August 31, 2009. The performance-based CSUs have historically measured the Company’s performance over the three calendar
years following the grant date. For the most recent CSUs granted in December 2008, the performance measure is Total Shareholder Return measured against the proxy peer companies. Please note that the performance metrics are reviewed annually by the
Compensation Committee, and are subject to change in future years at the discretion of the Committee. 

 June 30, 2009 
 Page 3

  
  
 At the March
2010 Compensation Committee meeting, you will receive equity grants equal in value to approximately $1,600,000, subject to Compensation Committee approval. The grants will be equally split in value between stock options, calculated under the
valuation method used by the Company’s compensation consultant, and performance-based Common Stock Units (“CSUs”) using the closing common stock share price at the time of grant to value the number of CSUs. The performance-based CSUs
have historically measured the Company’s performance-based over the three calendar years following the grant date. The CSU performance metrics are reviewed and will be approved at the March 2010 Compensation Committee meeting, with the
performance period beginning January 1, 2010. As noted in the previous paragraph, for the most recent CSUs granted in December 2008, the performance measure is Total Shareholder Return measured against the proxy peer companies. Please note that
the performance metrics are reviewed annually by the Compensation Committee, and are subject to change in future years at the discretion of the Committee. The March 2010 equity awards will be made under LTPEP II, and you will receive separate award
documents. 
 Stock Ownership Guidelines 
 Sunoco executives are subject to stock ownership guidelines that are expected to be met within 5 years. The ownership guidelines, expressed as a multiple of base salary, vary by job level. For the 2009, the guideline is currently 3 times
the annual salary. Restricted share units and CSUs do not count toward these share ownership guidelines until fully vested, and stock options do not count toward these guidelines until exercised, and, in each case, only the underlying shares
received and held. 
 Relocation 
 Sunoco’s relocation policy will be made available to you and includes temporary living arrangements and reimbursement for all reasonable and customary home purchase costs, moving, storage and other incidental relocation
expenses. This relocation benefit will also include up to a $160,000 stop loss on home sale which will expire one year from your hire date. If you leave voluntarily or you are terminated by the Company for “just cause”, as defined in the
Sunoco, Inc. Special Executive Severance Plan, before the 36-month anniversary of your start date, you will be required to reimburse the Company the full amount of any stop loss on home sale paid by the Company.  

 June 30, 2009 
 Page 4

  
  
 Vacation 
 You will be entitled to 20 days of paid vacation annually. In addition, you will also be allocated two floating
holidays each year. These floating holidays are in addition to the normal Company designated holidays. 
 Benefits 
 Sunoco provides a full range of benefits for most of its salaried employees including comprehensive health plans, disability, life insurance, savings and pension plans.
The disability plan requires a mandatory employee contribution of 0.5% of base pay annually. 
 You will be entitled to and encouraged to have a thorough
annual physical examination performed at no cost to you. 
 You will participate in the Company’s non-qualified Sunoco, Inc. Executive Retirement Plan
(“SERP”) as well as its qualified cash balance pension plan. The SERP provides for a mid-career 2.25% accrual rate for each year multiplied by your final average pay as defined in the plan. The SERP benefit is reduced by amounts accrued
under any other Sunoco pension plans. The Sunoco savings plan, SunCAP, matches your contribution up to 5% of your salary. Eligibility for the Company match commences after one year of service. Matching amounts in excess of statutory limits will be
provided in the Company’s non-qualified Savings Restoration Plan. 
 Every executive, including the Chief Financial Officer, is an employee at will. You
will be eligible to participate in the Sunoco, Inc. Executive Involuntary Severance Plan, which provides severance payments in the event of an involuntary termination other than for cause. You will also be eligible to participate in the Sunoco, Inc.
Special Executive Severance Plan, which provides severance benefits to an executive whose employment is involuntarily terminated or who resigns for good reason in connection with or following a change in control, except that you will not be eligible
for the gross-up payment and the associated benefits provided in Section 4.7 “Parachute Payments” of the plan. 
 Sunoco currently provides
former employees with post-employment medical benefits. To be eligible for subsidized medical benefits under the current plan, you must be at least 55 years of age and have a minimum of 10 years of service. To participate in the plan without a
subsidy, you must be at least 55 years of age and have a minimum of 5 years of service. 

 June 30, 2009 
 Page 5

  
  
 More complete
descriptions of Sunoco’s plans including the Summary Plan Descriptions and plan documents are included. The Board and/or the Company does reserve the right to make changes to its employee policies, procedures and plans at any time. 

Please review this offer letter. If you elect to accept our offer, please sign and return to us a counterpart signature page. 
 Brian, once again, congratulations! We are pleased to have you join the Sunoco team. 
 Sincerely, 
  

	
	
	/s/ Lynn L. Elsenhans
	Lynn L. Elsenhans

 I accept this offer to be Senior Vice President and Chief Financial Officer of Sunoco, Inc. 
  
  

	
	
	/s/ Brian P. MacDonald
	SignatureExhibit 10.1

 Exhibit 10.1 
 June 29, 2009 
 GOLDMAN, SACHS & CO. 
 KEEFE, BRUYETTE & WOODS, INC. 
   as Representatives of the several 
   Underwriters to be named in the 
   within-mentioned
Underwriting Agreement 
 787 Seventh Avenue 
 4th Floor 
 New York, New York 10019 
 Re: Proposed Public Offering by IBERIABANK Corporation 
 Ladies and Gentlemen: 
 The undersigned, a shareholder and an
executive officer and/or director, or proposed shareholder of IBERIABANK Corporation, a Louisiana corporation (the “Company”), understands that Keefe, Bruyette & Woods, Inc. and Goldman, Sachs & Co.
(“Representatives”) proposes to enter into a Underwriting Agreement (the “Underwriting Agreement”) with the Company providing for the public offering of shares (the “Securities”) of the
Company’s common stock, $1.00 par value per share (the “Common Stock”). In recognition of the benefit that such an offering will confer upon the undersigned, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the undersigned agrees with each underwriter to be named in the Underwriting Agreement that, during a period of 90 days from the date of the Underwriting Agreement, the undersigned will not, without the
prior written consent of the Representatives, directly or indirectly, (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale
of, or otherwise dispose of or transfer any shares of the Company’s Common Stock or any securities convertible into or exchangeable or exercisable for Common Stock, whether now owned or hereafter acquired by the undersigned or with respect to
which the undersigned has or hereafter acquires the power of disposition, or file any registration statement under the Securities Act of 1933, as amended, with respect to any of the foregoing or (ii) enter into any swap or any other agreement
or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of the Common Stock, whether any such swap or transaction is to be settled by delivery of Common Stock or other securities, in cash
or otherwise. In the event that either (i) during the period that begins on the date that is 15 calendar days plus three (3) business days before the last day of the 90-day restricted period and ends on the last day of the 90-day
restricted period, the Company issues an earnings release or material news or a material event relating to the Company occurs, or (ii) prior to the expiration of the 90-day restricted period, the Company announces that it will release earnings
results during the 16-day period beginning on the last day of the 90-day restricted period, the restrictions set forth herein will continue to apply until the expiration of the date that is 15 calendar days plus three (3) business days after
the date on which the earnings release is issued or the material news or event related to the Company occurs. 
 Notwithstanding the
foregoing, the undersigned may transfer the undersigned’s shares of Common Stock (i) as a bona fide gift or gifts, provided that the donee or donees agree to be bound in writing by the restrictions set forth herein, (ii) to any
trust or family limited partnership for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee of the trust or general partner of the family limited partnership, as the case may be,
agrees to be bound by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition 

 
for value, [(iii) pledged in a bona fide transaction outstanding as of the date hereof to a lender to the undersigned, as disclosed in writing to the
underwriters,] [(iv) to the Company with respect to the withholding of taxes for shares of restricted Common Stock vesting during the lock-up period, ] (iv) pursuant to the exercise by the undersigned of stock options that have been granted by
the Company prior to, and are outstanding as of, the date of the Underwriting Agreement, where the Common Stock received upon any such exercise is held by the undersigned, individually or as fiduciary, in accordance with the terms of this Lock-Up
Agreement, [(v) subject to Rule 10b5-1 plan] or (v) with the prior written consent of the Representatives. [Representatives agree to allow the undersigned to sell, or to pledge as security for bona fide loan, shares held by the
undersigned during the lock-up period in an amount not to exceed [•] shares of Common Stock; provided, however, that any such sale is at a price above the per share sale price in this public offering and is made in a manner reasonably designed
to minimize any negative impact on this public offering or the trading or market price of the Common Stock.] For purposes of this Lock-Up Agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more
remote than first cousin. The undersigned now has and, except as contemplated by clauses (i) through (v) above, for the duration of the Lock-Up Agreement will have good and marketable title to the undersigned’s shares of Common Stock,
free and clear of all liens, encumbrances, and claims whatsoever, except with respect to any liens, encumbrances and claims that were in existence on the date hereof. The undersigned also agrees and consents to the entry of stop transfer
instructions with the Company’s transfer agent and registrar against the transfer of the undersigned’s common stock, except in compliance with this Lock-Up Agreement. In furtherance of the foregoing, the Company and its transfer agent are
hereby authorized to decline to make any transfer of securities if such transfer would constitute a violation or breach of this Lock-Up Agreement. 
 The undersigned represents and warrants that the undersigned has full power and authority to enter into this Lock-Up Agreement. The undersigned agrees that the provisions of this Lock-Up Agreement shall be binding also upon the successors,
assigns, heirs and personal representatives of the undersigned. 
 The undersigned understands that, if the Underwriting Agreement does not
become effective, or if the Underwriting Agreement (other than the provisions thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Common Stock to be sold thereunder, the undersigned shall be
released from all obligations under this Lock-up Agreement. 
 This Lock-up Agreement shall be governed by and construed in accordance with
the laws of the State of New York. 
  

			
	Very truly yours,
		
	Signature:	 	 
	Print Name:	 	
	
		
	Joint Signature:	 	 
	Print Name:

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