Document:

Exhibit 10.1

    

    
       

      

      Execution Version

      

      

      EXECUTIVE SEPARATION AGREEMENT AND RELEASE

      

      

      THIS EXECUTIVE SEPARATION AGREEMENT AND RELEASE (this “Agreement”) is entered into effective as of the Effective Date (as defined in Section 8) by and between James Daniel Dellinger (“Executive”) and Reliant Bancorp, Inc., a Tennessee corporation (“Company”). Company and Executive are referred to collectively herein as the “Parties,” and each of Company and Executive
        is referred to herein individually as a “Party.”

      

      

      WHEREAS, the Parties desire to enter into this Agreement in order to set forth in writing certain mutually beneficial understandings and agreements
        relative to the cessation of Executive’s employment with Company and Reliant Bank.

      

      

      NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein, the Parties agree as follows:

      

      

      1.          Termination of Employment. The Parties acknowledge and agree that Executive’s employment with Company and Reliant Bank ended effective as of the close of business on May 26, 2020 (the “Separation Date”), upon Executive’s resignation from employment with Company and Reliant Bank. Executive has performed and will perform no work for or on behalf of
          Company or Reliant Bank, or any of their respective subsidiaries or affiliates, after the Separation Date.

      

      

      2.          Compensation Through Separation Date. Company will pay to Executive all salary and wages earned by Executive through and including
          the Separation Date, less customary and applicable payroll deductions, in accordance with Company’s normal payroll practices. To the extent Executive desires to seek reimbursement for employment-related expenses, any requests for reimbursement,
          along with appropriate supporting documentation, must be submitted to Company on or before June 5, 2020. Any such employment-related expenses determined by Company to be appropriate for reimbursement in accordance with Company’s policies and
          procedures for the reimbursement of expenses will be reimbursed to Executive in accordance with Company’s standard policies and procedures for expense reimbursement. Executive acknowledges and agrees that, upon receipt of the payments described
          in this Section 2, Executive will have received all salary, wages, reimbursements, incentive payments, and other benefits to which he is entitled as a result of his
          employment with Company and Reliant Bank.

      

      

      3.          Health Plan Benefits. Executive will be eligible to participate through May 31, 2020, in all group health benefit plans in which Executive was enrolled through Company or Reliant Bank on the Separation Date. As of June 1,
          2020, Executive will be eligible for continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)

          under any group health benefit plans in which Executive was enrolled through Company or Reliant Bank on the Separation Date. Executive will be provided with all legally required notices of his rights and obligations pursuant to COBRA. If
          Executive timely elects COBRA continuation coverage, Company will pay on Executive’s behalf the monthly or other premium for such coverage for Executive and his dependents until the earliest of (a) June 30, 2021, (b) the date Executive is no
          longer eligible for COBRA continuation coverage, and (c) the date on which Executive becomes eligible to receive substantially similar health insurance coverage through another employer (notice of which eligibility Executive shall promptly give
          to Company).

      

      

      4.          Severance Pay; Other Consideration. In consideration for this Agreement, Company agrees to provide Executive the following additional compensation and benefits, including compensation and/or benefits over and above what
          Executive would otherwise be entitled to receive:

      

      

      
        

        
          

        

      

      
      (a)          Company will pay to Executive the
          sum of $21,250 (the “Transition Pay”), the same to be payable in one lump sum payment on the first regularly scheduled payday following the Effective Date (as defined in Section 8) of this Agreement. The Transition Pay will be designated as wages and subject to applicable
          withholding.

      

      

      (b)          Company will pay to Executive, as severance, the sum of $255,000 (the “Severance
            Pay”), the same to be payable bi-monthly in 24 equal installments of $10,625 over the course of the 12-month period immediately following the Effective Date (as

          defined in Section 8) of this Agreement and otherwise in accordance with
          Company’s normal payroll practices. The Severance Pay will be designated as wages and subject to applicable withholding, and a Form
          W-2 will be issued by Company to Executive for each calendar year in which Executive receives payment of the Severance Pay. Payment of the Severance Pay by Company will commence on the first regularly scheduled payday following the Effective Date
          (as defined in Section 8) of this Agreement.

      

      

      (c)          The restricted stock and restricted
          stock units previously awarded to Executive and identified on Schedule I to this Agreement, which as of the Separation Date were not by their terms vested, will vest,
          or shall be deemed to have vested, in full as of the Separation Date in accordance with action of the compensation committee of Company’s board of directors taken prior to the Separation Date.

      

      

      Executive shall not be required to perform any work in order to receive the compensation and benefits provided for in this Section 4, except that, during the period of time Executive is receiving Severance Pay, Executive is expected to, and will, provide any cooperation and assistance reasonably requested by
        Company to transition his work and responsibilities.

      

      

      5.          Return of Property. Executive shall deliver to Company or Reliant Bank, as soon as reasonably practicable (but in no event later than three calendar days) following Executive’s execution of this Agreement, all property of
          Company or Reliant Bank in the possession or under the control of Executive, including vehicles, keys, equipment, laptops, iPads, phones, or other electronic devices, and all data and documents in any form pertaining to Company’s or Reliant
          Bank’s (or their respective subsidiaries’ or affiliates’) business, operations, personnel, or customers. Executive agrees that all originals and copies of such data and documents shall be returned to Company or Reliant Bank and no copies
          (electronic, printed, or otherwise) of any such data or documents shall be retained by Executive.

      

      

      6.          Waiver and Release of Claims.

      

      

      (a)          Release of Claims. Executive, for and on behalf of himself and
            his assigns, heirs, beneficiaries, executors, administrators, and legal and personal representatives, hereby acknowledges full and complete satisfaction, waives, and releases and forever discharges Company and Reliant Bank and their respective
            parent companies, affiliates, and subsidiaries, and the past and present officers, directors, members, managers, partners, employees, trustees, administrators, and other officials of Company and Reliant Bank and their respective parent
            companies, affiliates, and subsidiaries, and the heirs, beneficiaries, executors, administrators, legal and personal representatives, successors, and assigns, of all of the foregoing persons or anyone claiming by, through, under, or on behalf
            of any of them (hereinafter collectively the “Released Parties”), for and from, any and all claims, demands, actions and causes of action, in law or in equity, suits, liabilities, losses, costs, and expenses, known or unknown, suspected or unsuspected, that Executive has or
            may have arising out of, or in any way connected with, the events, occurrences, affairs, and transactions between Executive and the Released Parties at any time prior to and as of the date Executive executes this Agreement, known or unknown,
            and whether or not asserted before the date Executive executes this Agreement, including without limitation all claims for discrimination, retaliation, wrongful termination, constructive discharge, interference with rights, wrongful demotion,
            breach of express or implied contract (including without limitation claims for breach of any employment agreement with Company or Reliant Bank), breach of implied covenant of good faith and fair dealing, promissory estoppel or reliance,
            harassment, fraud, misrepresentation, intentional or negligent infliction of emotional distress, reimbursement of expenses, reimbursement of medical expenditures, violation of civil rights, defamation, conspiracy, severance pay, denial of
            pension benefits, and/or any remedy, payment, benefit, or obligation of Company or Reliant Bank set forth in any employment agreement with Company or Reliant Bank. This general and universal release includes, but is not limited to,
          claims under the United States or any state constitution, 42 U.S.C. § 1983, Title VII of the Civil Rights Act of 1964, 42 U.S.C. §§ 2000e, et seq., as amended, the Civil Rights Act of 1991, Sections 1981 through 1988 of Title 42 of the United States Code, as amended, the Employee Retirement Income Security Act of 1974 (ERISA), 29
          U.S.C. §§ 1001, et seq., as amended, the Americans with Disabilities Act of 1990, 29 U.S.C.
          §§ 12101 to 12213, as amended, the Rehabilitation Act of 1973, 29 U.S.C. §§ 791, et seq.,
          as amended, the Age Discrimination in Employment Act, 29 U.S.C. §§ 621, et seq., as
          amended, the Fair Labor Standards Act, 29 U.S.C. §§ 1001, et seq., the Equal Pay Act of
          1963, 29 U.S.C. §§ 206(d), the Occupational Safety and Health Act, as amended, the Family and Medical Leave Act of 1993, 29 U.S.C. §§ 2601 to 2654, the Immigration Reform and Control Act, as amended, the Workers’ Adjustment and Retraining
          Notification Act, as amended, the Sarbanes-Oxley Act of 2002, the False Claims Act, the Tennessee Human Rights Act, the Tennessee Public Protection Act, and any other local, state, or federal law, rule, regulation, or ordinance, public policy,
          express or implied contract, tort, or common law. This release includes all claims arising out of Executive’s employment by Company and/or Reliant Bank, and/or the
            termination thereof, including without limitation claims arising out of or under the Employment Agreement between Company and Executive dated April 15, 2018 (the “Employment Agreement”). Executive understands and agrees that this release is intended to be interpreted and to apply
            as broadly as permitted under law, provided that,
            notwithstanding the foregoing, this paragraph expressly does not include a release of any claims that cannot be released hereunder by law. Executive understands and agrees that the released claims include not only claims presently known but
            also include all unknown or unanticipated claims, demands, actions and causes of action, suits, liabilities, losses, costs, expenses, and rights of every kind and character that would otherwise come within the scope of the released claims, as
            described herein. Executive understands that Executive may hereafter discover facts different from what he now believes to be true, which, if known, could have materially affected this Agreement, but Executive nevertheless waives any claims,
            demands, actions and causes of action, suits, liabilities, losses, costs, expenses, and rights based on different or additional facts subsequently discovered.

      

      

      
        

        2

        
          

        

      

      (b)          Executive Acknowledgements. Executive acknowledges and agrees that (i) Executive is not owed any wages, compensation, or benefits by the Released Parties, other
          than as set forth in this Agreement; (ii) the Released Parties have not in any way interfered with Executive’s right to take any leave which he may have been entitled by law to take; (iii) Executive has reported any and all workplace injuries
          that he has incurred or suffered to date; and (iv) Executive is not aware of any potentially illegal conduct or practice on the part of the Released Parties as of the date of his execution of this Agreement.

      

      

      (c)          No Pending or Unasserted Claims. Executive represents that he has no pending lawsuits,
            charges, or other claims of any nature whatsoever against the Released Parties in any state or federal court, or before any agency or other administrative or regulatory body. Further, Executive agrees, to the fullest extent permitted by law,
            not to assert, institute, or bring any claims, charges, or other legal proceedings against the Released Parties in any forum, based on any events, occurrences, affairs, or transactions, whether known or unknown, occurring prior to the date of
            Executive’s execution of this Agreement, including without limitation any events, occurrences, affairs, or transactions related to Executive’s employment with Company or Reliant Bank or the cessation of that employment, or pertaining to or
            arising from or out of the Employment Agreement. Executive further agrees that he will “opt out” of, or not “opt in” to, any class action in which any of the Released Parties are named, or has been named, as a defendant. Notwithstanding the
            foregoing, nothing in this Agreement shall be construed to prevent Executive from making a report to, or filing a charge with, any government law enforcement, regulatory, or administrative agency, including the U.S. Securities and Exchange
            Commission (the “SEC”), the U.S.
            Equal Employment Opportunity Commission (the “EEOC”), and the National Labor Relations Board (the “NLRB”), or participating in an investigation conducted by any such agency.

      

      

      
        

        3

        
          

        

      

      7.          Social Media and Non-Disparagement. Executive agrees to revise his employment status on social media, including LinkedIn and other social media sites, as soon as reasonably practicable (but in no event later than three
          calendar days) following the date Executive executes this Agreement, if Company or Reliant Bank is identified as an employer. Executive agrees not to, and that he will direct his immediate family members not to, make any statements or take any
          actions, at any time, whether now or in the future, in any form or format, including on social media, that can be construed by a reasonable person to be in any way derogatory, disparaging, or negative about Company or Reliant Bank or their respective parent companies, affiliates, or subsidiaries, or any of the officers, directors, members, managers, partners, employees, trustees, administrators,
            officials, agents, successors, or assigns of Company or Reliant Bank or their respective parent companies, affiliates, or subsidiaries, either individually or in their official capacities. Members of the executive management team of
          Company and Reliant Bank who are aware of the circumstances of Executive’s departure will not make any disparaging statements about Executive. It is understood and agreed that this Section

              7 is not to be construed as preventing or restricting Executive, on the one hand, or Company or Reliant Bank, on the other, from affirmatively reporting possible unlawful activity to the SEC, the EEOC, the NLRB, or any other
          governmental or regulatory agency, or from providing truthful information and testimony in any investigation or legal proceeding conducted by any such agency. It is further understood and agreed that this Section 7 is not intended to, and will not be enforced so as to, unlawfully limit or infringe upon any rights of Executive under applicable law.

      

      

      8.          Age Discrimination Claim Release Notices; Effective Date. Executive understands and acknowledges that he has been offered a period
          of up to 21 days after receipt of this Agreement (the “Consideration Period”) to decide whether to sign this Agreement, although he may
          sign this Agreement prior to the expiration of the Consideration Period if he wishes. Based on the date of presentation of this Agreement, Executive must sign and return this Agreement to Mindy Logan, Reliant Bank’s Human Resources Director, on
          or before June 16, 2020. With respect to any claims which Executive may
          have under the Age Discrimination in Employment Act (“ADEA Claims”), Executive further understands and acknowledges that, under federal
          law, he has the right to revoke this Agreement as its relates to his release of ADEA Claims, provided that notice of revocation must be communicated to
          Mindy Logan, Reliant Bank’s Human Resources Director, in writing within seven days following the date Executive executes this Agreement (the “Revocation

            Period”). Should Executive not exercise his right to revoke his release of ADEA Claims during the Revocation Period, on the seventh day following Executive’s delivery of this Agreement, signed by him, to Company, the release of ADEA
          Claims under this Agreement shall be held in full force and effect, and each Party shall be obligated to comply with its requirements. Assuming
            no revocation, the effective date of this Agreement (the “Effective Date”) shall be the eighth day following Executive’s execution of this Agreement. In the event Executive exercises his right to revoke his release of ADEA Claims within
          the Revocation Period in compliance with the above requirements, this Agreement and the offer contained in this Agreement shall be null and void in all respects. Executive

            acknowledges that he has been advised to consult with an attorney prior to signing this Agreement, that he has in no way been discouraged from consulting with an attorney, and that he has in fact reviewed this Agreement and understands and
            willingly agrees to all terms set forth herein.

      

      

      
        

        4

        
          

        

      

      9.           Resignation of Officer and Director Positions. Effective as of the Separation Date, Executive resigns from any and all officer and director positions with Company or Reliant Bank, or any of their respective subsidiaries
          or affiliates, which Executive held immedicably prior to the Separation Date.

      

      

      10.          No Reemployment. Executive agrees that, by signing this Agreement, he relinquishes any right to employment or reemployment with Company or Reliant Bank or any of the other Released Parties. Executive agrees that he will
          not seek, apply for, accept, or otherwise pursue employment with Company or Reliant Bank or any of the other Released Parties and acknowledges that, if he reapplies for or seeks employment with Company or Reliant Bank or any of the other Released
          Parties, Company’s, Reliant Bank’s, or any of the other Released Parties’ refusal to hire Executive based on this Section 10 shall provide a complete defense to any
          claims arising from Executive’s attempt to obtain employment.

      

      

      11.          Future Employment. Company acknowledges that Executive shall be specifically permitted to work for or with, consult for, or otherwise be affiliated with or be employed by any bank or other financial institution, whether
          now in existence or to be established, during the 12-month period immediately following the Effective Date and remain entitled to receive (a) all Severance Pay due under this Agreement, as described above in Section 4(b), and (b) the COBRA continuation coverage benefit described above in Section 3. Company agrees that Section
          8(c) (New Financial Institution) of the Employment Agreement shall be null and void. Executive and Company agree that the remaining provisions of Section 8
          of the Employment Agreement shall continue in full force and effect.

      

      

      12.          Disclaimer of Liability. Executive acknowledges that neither the presentation of the offer set forth in this Agreement, nor the payment of the sums or the provision of the benefits described herein, constitutes or shall
          be construed as an admission of breach of contractual obligations or any acts of discrimination, harassment, retaliation, misconduct, negligence, violation of state or federal wage and hour laws, or any unlawful conduct whatsoever by Company,
          Reliant Bank, or any of the other Released Parties against Executive or any other person, and Company specifically disclaims any liability and denies any unlawful conduct whatsoever against Executive or any other person, on the part of itself or
          any of the other Released Parties.

      

      

      13.          Clawback. Notwithstanding anything in this Agreement to the contrary, Company, or its respective successors or assigns, retains the legal right to demand the return of any payments made to Executive under this Agreement,
          or cease making future payments to Executive under this Agreement, (a) as may be required by applicable law, rule, or regulation or by any federal or state regulator of Company or Reliant Bank or (b) in the event Executive breaches the terms of
          this Agreement or the terms of the Employment Agreement, including without limitation any confidentially or non-solicitation provisions contained in the Employment Agreement.

      

      

      14.          Section 409A. Notwithstanding anything in this Agreement to the contrary, the following provisions shall apply to all payments and benefits provided under this Agreement by Company to Executive:

      

      

      (a)          The payment, or commencement of a
          series of payments, hereunder of any non-qualified deferred compensation (within the meaning of Section 409A (“Section 409A”) of the
          Internal Revenue Code of 1986, as amended) upon a termination of employment shall be delayed until such time as Executive has also undergone a separation from service (for purposes of Section 409A), at which time such non-qualified deferred
          compensation (calculated as of the date of Executive’s termination of employment) shall be paid (or commence to be paid) to Executive as set forth in this Agreement as if Executive had undergone such termination of employment (under the same
          circumstances) on the date of Executive’s ultimate separation from service.

      

      

      
        

        5

        
          

        

      

      (b)          It is the Parties’ intention that
          the payments, benefits, and entitlements to which Executive could become entitled in connection with this Agreement be exempt from or comply with Section 409A and the regulations and other guidance promulgated thereunder and, accordingly, this
          Agreement will be interpreted to be consistent with such intent.

      

      

      (c)          While the payments and benefits
          provided for hereunder are intended to be structured in a manner to avoid the implication of any penalty taxes under Section 409A, in no event whatsoever shall Company or Reliant Bank be liable for any additional tax, interest, or penalties that
          may be imposed on Executive as a result of Section 409A or any damages for failing to comply with Section 409A (other than for withholding obligations or other obligations applicable to employers, if any, under Section 409A).

      

      

      (d)          No deferred compensation payments
          provided for under this Agreement shall be accelerated to Executive.

      

      

      (e)          Any installment payments provided
          for in this Agreement shall be treated as separate payments for purposes of Section 409A.

      

      

      15.          Severability of Provisions. Should any agency or court of competent jurisdiction determine that any term or provision of this Agreement is unenforceable, the Parties agree that such term or provision shall be deemed to be
          deleted as though it had never been a part of this Agreement, and the validity, legality, and enforceability of the remaining terms and provisions of this Agreement shall not be in any way affected or imperiled thereby.

      

      

      16.          Complete Defense and Indemnification. Executive acknowledges and agrees that this Agreement may be used by Company and the other Released Parties as a complete defense to any past, present, or future claim or entitlement
          which Executive has against Company or the other Released Parties for or on account of any matter or thing whatsoever arising out of Executive’s employment with or separation from Company and Reliant Bank. Executive also agrees to indemnify
          Company for any and all damages, liabilities, costs, fees, and expenses (including without limitation attorneys’ fees and court costs) which may be incurred in defending or prosecuting claims arising out of or caused by Executive’s breach of this
          Agreement.

      

      

      17.          Assignment. Company may assign this Agreement and its rights hereunder, and may delegate its duties and obligations under this Agreement, in each case without the consent of Executive. This Agreement is a personal
          contract, and neither this Agreement nor the rights, interest, duties, or obligations of Executive hereunder may be assigned or delegated by Executive. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit
          of the Parties and their respective heirs, beneficiaries, executors, administrators, legal and personal representatives, successors, and permitted assigns.

      

      

      18.          Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, without regard to or the application of conflict of law principles.

      

      

      
        

        6

        
          

        

      

      19.          Amendment; Waiver. This Agreement may be amended only by a written instrument signed by each of the Parties. Any waiver of any provision of this Agreement must be set forth in a written instrument signed by the Party
          granting such waiver.

      

      

      20.          Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to constitute an original, but all of which together shall constitute one and the same instrument. A facsimile or other
          electronic copy of a signature page to this Agreement shall be deemed to be, and shall have the same force and effect as, an original signature page.

      

      

      

      

      (Remainder of Page Intentionally Blank)

       

      

      
        

        7

        
          

        

      

      IN WITNESS WHEREOF, the Parties have voluntarily executed this Agreement, and, by executing this Agreement, each Party stipulates, agrees, represents,
        and warrants as follows:

      

      

      (i)          that

          the terms of this Agreement are reasonable;

      

      

      (ii)          that

          the person executing this Agreement has carefully read and understands all of the provisions of this Agreement and is voluntarily entering into this Agreement;

      

      

      (iii)          that

          the person executing this Agreement will not challenge or contest in any way the capacity or authority of any Party hereto to enter into this Agreement;

      

      

      (iv)          that

          the person executing this Agreement has the necessary and appropriate authority and capacity to execute this Agreement and to make this Agreement fully binding upon and enforceable against himself/herself or the entity that he/she represents; and

      

      

      (v)          that

          such Party has not relied upon any representations or promises in executing this Agreement other than those expressly set forth in this Agreement.

      

      

      PLEASE READ CAREFULLY

      THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS

      

      

      	 	
              RELIANT BANCORP, INC.

            
	 	 	 
	
              /s/ James Daniel Dellinger

            	
              By:

            	
              /s/ DeVan Ard, Jr.

            
	
              James Daniel Dellinger

            	 	
              DeVan Ard, Jr.

            
	 	 	
              Chairman, President, and CEO

            
	
              Date: June 1, 2020

            	 	 
	 	
              Date: June 1, 2020

            

      

      

      

      

      (Signature Page to Executive Separation Agreement and Release)

       

      

      
        

        
          

        

      

      SCHEDULE I

      

      

      1,000 shares of restricted common stock of Company awarded under Restricted Shares Award Agreement dated July 31, 2017

      

      

      2,000 shares of restricted common stock of Company awarded under Restricted Shares Award Agreement dated July 24, 2018

      

      

      2,000 restricted stock units awarded under Restricted Stock Unit Agreement dated July 23, 2019

      

      

      

      

      Schedule IExhibit 10.2

    

    
       

      

      Execution Version

      

      

      EMPLOYMENT AGREEMENT

       

      THIS EMPLOYMENT AGREEMENT is made and entered into effective as of May 27, 2020 (the “Effective Date”), by and among Reliant Bancorp, Inc., a Tennessee corporation (“Company”);
        Reliant Bank, a Tennessee-chartered banking corporation (“Bank”); and Jerry Cooksey, a resident of the State of Tennessee (“Executive”). Company, Bank, and Executive are sometimes referred to herein collectively as the “Parties,” and each is sometimes referred to herein individually as a “Party.”

       

      R E C I T A L S

       

      A.          Company and Bank desire to employ Executive as
          Executive Vice President, Chief Financial Officer of Company and Bank, respectively, and Executive desires to be so employed by Company and Bank.

       

      B.          The Parties desire to enter into this Agreement to set
          forth in writing the terms and conditions of Executive’s employment as Executive Vice President, Chief Financial Officer of Company and Bank.

       

      AGREEMENT

       

      In consideration of the premises set forth above and the mutual agreements hereinafter set forth, effective as of the Effective Date, the Parties
        hereby agree as follows:

       

      1.          Definitions. 

        Whenever used in this Agreement, the following terms and their variant forms shall have the meanings set forth below:

       

      (a)          “Affiliate” shall mean, with respect to any entity, any other entity that controls, is controlled by, or is under common control with such entity. For this purpose, “control” means ownership
          of more than 50% of the ordinary voting power of the outstanding equity securities of an entity.

       

      (b)          “Agreement” shall mean this Employment Agreement together with any amendments hereto made in the manner described in this Agreement.

       

      (c)          “Boards of Directors” shall mean, collectively, the board of directors of Company and the board of directors of Bank and, where appropriate, any committee or other designee thereof.

       

      (d)          “Business of Employer” shall mean any business conducted from time to time by Company or Bank or any of their respective Affiliates, including the business of commercial, retail, mortgage,
          and consumer banking.

       

      (e)          “Cause” shall mean, in the context of the termination of this Agreement by Employer:

       

      (i)          a material breach of the terms of this Agreement by
          Executive not cured by Executive within 10 business days after Executive’s receipt of Employer’s written notice thereof, including without limitation failure by Executive to perform Executive’s duties and responsibilities in the manner and to the
          extent required under this Agreement;

       

      (ii)         any act by Executive of fraud against,
          misappropriation from, or dishonesty to Company or Bank or any Affiliate of Company or Bank;

       

      
        
          

      

      
      (iii)        the conviction of Executive of, or Executive’s plea
          of guilty or nolo contendere to, a felony or any crime involving fraud or moral turpitude;

       

      (iv)        conduct by Executive that amounts to willful
          misconduct, gross neglect, or a material failure to perform Executive’s duties and responsibilities hereunder, including prolonged absences without the written consent of the Chief Executive Officer of Company; provided that the nature of such conduct shall be set forth with reasonable particularity in a written notice to Executive who shall have 10 business days following delivery of such
          notice to cure such alleged conduct, provided that such conduct is, in the reasonable discretion of the Chief Executive Officer of Company, susceptible to
          a cure;

       

      (v)         the exhibition by Executive of a standard of behavior
          within the scope of or related to Executive’s employment that is in violation of any written policy, board committee charter, or code of ethics or business conduct (or similar code) of Company or Bank or any Affiliate of Company or Bank to which
          Executive is subject; provided that the nature of such behavior shall be set forth with reasonable particularity in a written notice to Executive who shall
          have 10 business days following delivery of such notice to cure such alleged behavior, provided that such behavior is, in the reasonable discretion of the
          Chief Executive Officer of Company, susceptible to a cure;

       

      (vi)        conduct or behavior by Executive, including without
          limitation conduct or behavior that is unethical and/or involves moral turpitude, that, in the reasonable opinion of the Chief Executive Officer of Company, has harmed or could reasonably be expected to harm, in each case in any material respect,
          the business or reputation of Company or Bank or any of their respective Affiliates;

       

      (vii)       receipt of any form of written notice that any
          regulatory agency or authority having jurisdiction over Company or Bank or any Affiliate of Company or Bank has instituted any form of regulatory action against Executive; or

       

      (viii)      Executive’s removal from office and/or permanent
          prohibition from participating in the conduct of Company’s or Bank’s affairs as a result of an order issued under Section 8(e) or Section 8(g) of the Federal Deposit Insurance Act (12 U.S.C. § 1818(e) and (g)).

       

      (f)          “Change in Control” shall mean:

       

      (i)          a change in the ownership of Company or Bank within
          the meaning of Treasury Regulations § 1.409A-3(i)(5)(v);

       

      (ii)         a change in the effective control of Company or Bank
          within the meaning of Treasury Regulations § 1.409A-3(i)(5)(vi); or

       

      (iii)        a change in the ownership of a substantial portion
          of Company’s or Bank’s assets within the meaning of Treasury Regulations § 1.409A-3(i)(5)(vii), substituting 80% for 40% under Treasury Regulations § 1.409A-3(i)(5)(vii)(A).

       

      (g)          “Code” shall mean the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder.

       

      (h)          “Competing Business” shall mean any person (other than an Affiliate of Company or Bank) that is conducting any business that is the same or substantially the same as the Business of
          Employer.

       

      
        2

        
          

      

      (i)          “Confidential Information” shall mean all information not generally available to and known by the public, whether spoken, printed, electronic, or in any other form or medium, relating to the
          business, practices, policies, plans, prospects, operations, results of operations, financial condition or results, strategies, know-how, patents, trade secrets, inventions, intellectual property, records, suppliers, vendors, customers, clients,
          products, services, employees, independent contractors, personnel, systems, or internal controls of Company or Bank or any Affiliate of Company or Bank, or of any other person that has entrusted information to Company or Bank or any Affiliate of
          Company or Bank in confidence, as well as any other information that is marked or otherwise identified as confidential or proprietary or that would otherwise appear to a reasonable person to be confidential or proprietary in the context and under
          the circumstances in which the information is known or used. The term “Confidential Information” shall include information developed by Executive in the course of Executive’s employment by Employer as if Employer furnished such information to
          Executive in the first instance. The term “Confidential Information” shall not include information that, through no fault of Executive or person(s) acting in concert with Executive or on Executive’s behalf, is generally available to and known by
          the public at the time of disclosure to Executive or thereafter becomes generally available to and known by the public.

       

      (j)          “Disability” shall mean the inability of Executive to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to
          result in death or can be expected to last for a continuous period of not less than 12 months.

       

      (k)          “Employer” shall mean, collectively, Company and Bank.

       

      (l)          “Good Reason” shall mean, in the context of the termination of this Agreement by Executive:

       

      (i)          a material diminution in Executive’s Annual Base
          Salary which is not consented to by Executive in writing;

       

      (ii)         a material diminution in Executive’s authority,
          duties, or responsibilities, as compared to Executive’s authority, duties, and responsibilities as of the Effective Date, which is not consented to by Executive in writing;

       

      (iii)        a change in the location of Executive’s primary
          office such that Executive is required to report regularly to an office located outside of a 75-mile radius from the location of Executive’s primary office as of the Effective Date, which change is not consented to by Executive in writing; or

       

      (iv)        a material breach of the terms of this Agreement by
          Employer.

       

      (m)         “IRS” shall mean the United States Internal Revenue Service.

       

      (n)          “Post-Termination Period” shall mean a period of 12 months (subject to extension as set forth in Section 8(f))
          following the effective date of the termination of Executive’s employment.

       

      (o)          “Separation from Service” shall have the meaning set forth in, and whether Executive has experienced a Separation from Service shall be determined by Employer in accordance with, Treasury
          Regulations § 1.409A-1(h).

       

      
        3

        
          

      

      2.           Executive

            Duties.

       

      (a)          Position(s); Reporting.  Executive will be employed as Executive Vice President, Chief Financial Officer of Company and Bank and shall perform and discharge faithfully the duties and responsibilities which
          may be assigned to Executive from time to time in connection with the conduct of the business of Employer. The duties and responsibilities of Executive shall be commensurate with those of individuals holding similar positions at other banks and
          bank or financial holding companies similarly organized and of comparable size and complexity. Executive shall report directly to the Chief Executive Officer of Company and Bank.

       

      (b)          Full-Time Status.  In addition to the duties and responsibilities specifically assigned to Executive under Section 2(a), Executive
          shall:

       

      (i)          subject to Section 2(c), during regular business hours, devote substantially all of Executive’s time, energy, attention, and skill to the performance of the duties and responsibilities of Executive’s
          employment (reasonable vacations, approved leaves of absence, and reasonable absences due to illness excepted) and faithfully and industriously perform such duties and responsibilities;

       

      (ii)         diligently follow and implement all reasonable and
          lawful policies and decisions communicated to Executive by the President or Chief Executive Officer of Company or Bank or the Boards of Directors; and

       

      (iii)        timely prepare and forward to the President or Chief
          Executive Officer of Company and Bank and the Boards of Directors, as applicable, all reports and accountings as may be reasonably requested of Executive.

       

      (c)          Permitted Activities.  Executive shall devote substantially all of Executive’s business time, attention, and energies to the Business of Employer and shall not during the Term be engaged (whether or not
          during normal business hours) in any other significant business or professional activity, whether or not such activity is pursued for gain, profit, or other pecuniary advantage, provided that, as long as the following activities do not interfere with Executive’s obligations to Employer, this Section 2(c) shall not
          be construed as preventing Executive from:

       

      (i)          investing Executive’s personal assets in any manner
          which will not require any services on the part of Executive in the operations or affairs of the subject entity and in which Executive’s participation is solely that of a passive investor, provided that such investment activity following the Effective Date shall not result in Executive owning beneficially at any time 2% or more of the equity securities of any Competing Business; or

       

      (ii)         participating in civic and professional affairs and
          organizations and conferences, preparing or publishing papers or books, or teaching, so long as any such activities do not interfere with the ability of Executive to effectively discharge Executive’s duties and responsibilities hereunder, provided that the Chief Executive Officer of Company, the board of directors of Company, or the board of directors of Bank may direct Executive in writing to
          resign from any such organization and/or cease any such activities in the event any of them reasonably determines that continued membership in such organization and/or activities of the type identified would not be in the best interests of
          Company or Bank or any of their Affiliates.

       

      
        4

        
          

      

      3.          Term. 

          The initial term of this Agreement (the “Initial Term”) shall
          commence on and as of the Effective Date and, unless this Agreement is sooner terminated in accordance with its terms, shall end on the date which is the one-year anniversary of the Effective Date. At the end of the Initial Term (and the end of
          any one-year renewal term(s) herein provided for), this Agreement will automatically renew for an additional, successive term of one year, unless Employer, on the one hand, or Executive, on the other, gives the other Party written notice of such
          Party’s election to terminate this Agreement as of the end of the Initial Term (or then-current renewal term) at least 90 days prior to the end of the Initial Term (or then-current renewal term). The Initial Term and any and all such renewal
          terms are referred to together herein as the “Term.”

       

      4.          Compensation. 

        During the Term, Employer shall compensate Executive as follows:

       

      (a)          Annual Base Salary.  Executive shall be compensated at a base annual rate of $300,000 per year (the “Annual

            Base Salary”). Executive’s Annual Base Salary will be reviewed at least annually for adjustment based on an evaluation of Executive’s performance. Executive’s Annual Base Salary shall be payable in accordance with Employer’s normal
          payroll practices.

       

      (b)          Annual Cash Incentive
          Compensation.

       

      (i)          Executive shall be eligible to receive such annual
          cash incentive compensation, if any, as may be determined by, and based on performance measures established by, the board of directors of Company, or an appropriate committee thereof (or its designee), consistent with the strategic plan of
          Company, pursuant to any incentive compensation plan or program that may be adopted from time to time by the board of directors or shareholders of Company (“Incentive Compensation”).

       

      (ii)          Any Incentive Compensation earned shall be payable
          in cash not later than March 15th of the calendar year following the calendar year in which the Incentive Compensation is earned in accordance with Employer’s normal practices for the payment of short-term incentives. The payment of any Incentive
          Compensation shall be subject to and conditioned on Executive being employed by Employer on December 31st of the calendar year in which the Incentive Compensation is earned, Executive’s employment with Employer having not been terminated by
          Employer for Cause prior to the payment of such Incentive Compensation, and the receipt of any approvals or non-objections required from or by any regulatory agency or authority having jurisdiction over Company or Bank, and it is acknowledged by
          the Parties that it is possible that Executive may not be eligible to receive any such Incentive Compensation if Company or Bank is subject to restrictions imposed on Company or Bank by the Board of Governors of the Federal Reserve System, the
          Federal Deposit Insurance Corporation, the Tennessee Department of Financial Institutions, or any other regulatory agency or authority, or if Company or Bank is otherwise restricted from making payment of such Incentive Compensation under
          applicable law, rule, or regulation.

       

      (c)          Automobile Allowance.  Executive shall receive an automobile allowance of $1,000 per month, which amount shall be subject to applicable withholdings. Executive acknowledges that Employer makes no
          representation with respect to the taxability or non-taxability of the benefits provided under this Section 4(c).

       

      (d)          Cell Phone Allowance.  Executive shall receive a cell phone allowance of $100 per month, which amount shall be subject to
            applicable withholdings. Executive acknowledges that Employer makes no representation with respect to the taxability or non-taxability of the benefits
            provided under this Section 4(d).

       

      (e)          Business Expenses.  Subject to the reimbursement policies of Employer in effect from time to time and consistent with the annual budget approved for the period during which an expense is incurred, Employer
          will reimburse Executive for reasonable business expenses incurred by Executive in the performance of Executive’s duties hereunder; provided, however, that, as a condition to any such reimbursement, Executive shall submit verification of the nature and amount of such expenses in accordance with said
          reimbursement policies. Executive acknowledges that Employer makes no representation with respect to the taxability or non-taxability of the benefits provided under this Section
              4(e).

       

      
        5

        
          

      

      (f)          Vacation.  On a non-cumulative basis, Executive shall be entitled to 20 days paid vacation per calendar year, prorated for any partial calendar year of service. The provisions of this Section 4(f) shall apply notwithstanding any less generous vacation policy then maintained by Employer, but Executive’s use of such paid vacation shall otherwise be in accordance with
          Employer’s vacation policy as in effect from time to time.

       

      (g)          Other Benefits. In addition to the benefits specifically described in this Agreement, Executive shall be entitled to such other benefits as may be available from time to time to employees of Bank generally,
          including, by way of example only, retirement plan and health, dental, life, and disability insurance benefits. All such benefits shall be awarded and administered in accordance with the written terms of any applicable benefit plan or, if no
          written terms exist, Bank’s standard policies and practices relating to such benefits.

       

      (h)          Reimbursement of Expenses; In-Kind Benefits.  All expenses described in this Agreement as eligible for reimbursement must be incurred by Executive during the Term of this Agreement to be eligible for
          reimbursement. Any in-kind benefits provided by Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the
          expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the
          last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement, nor in-kind benefits, shall be subject to liquidation or exchange for other benefits.

       

      (i)          Claw Back of Compensation.  Executive agrees to repay promptly, at the written request of Employer, any compensation (including incentive compensation) previously paid or otherwise made available to
          Executive, under this Agreement or any other agreement or arrangement with Company or Bank, which is subject to recovery under any law, rule, or regulation (including any rule of any exchange on which any securities of Company are listed or
          traded). Executive agrees to repay promptly any such compensation identified by Company or Bank. If Executive fails to repay any such compensation promptly, Executive agrees that the amount of such compensation may be deducted from any and all
          other compensation owed to Executive under this Agreement or otherwise. Executive acknowledges that Employer may take appropriate disciplinary action (up to, and including, termination of Executive’s employment for Cause) if Executive fails to
          promptly repay any such compensation.

       

      (j)          Retention Bonuses. If Executive is still employed by Employer on April 1, 2021, then Employer shall pay Executive a one-time bonus in the amount of $265,000 (the “First Retention Bonus”). The First Retention Bonus, if payable, will be paid to Executive on April 2, 2021. If Executive is still employed by Employer on April 1, 2022, then
          Employer shall pay Executive a one-time bonus in the amount of $265,000 (the “Second Retention Bonus”). The Second Retention Bonus, if
          payable, will be paid to Executive on April 4, 2022. The First Retention Bonus and the Second Retention Bonus are referred to collectively in this Agreement as the “Retention Bonuses.”

       

      
        6

        
          

      

      5.           Termination

            of Employment.

       

      (a)          Termination by Employer.  During the Term, Executive’s employment may be terminated by Employer:

       

      (i)          at any time for Cause, as determined by the Chief
          Executive Officer of Company; provided that, before Executive’s employment may be terminated by Employer for Cause pursuant to this Section 5(a)(i), the board of directors of Company, by a vote of a majority of all members of the board of directors of Company other than Executive (if Executive is a
          member of the board of directors), must have adopted resolution(s) finding that such determination by the Chief Executive Officer is reasonable and consistent with the definition of “Cause” set forth in this Agreement; or

       

      (ii)         at any time without Cause (provided that Employer shall give Executive at least 30 days prior written notice of its intent to terminate), in which event Employer shall be required to (A) pay to Executive
          (or, in the event of Executive’s death, Executive’s estate) the Retention Bonuses, if but only if, and only to the extent, the Retention Bonuses have not already been paid to Executive, the same to be payable in one lump sum payment within 15
          days of the date of termination of Executive’s employment, (B) pay to Executive (or, in the event of Executive’s death, Executive’s estate, heirs, or designated beneficiaries, as the case may be) a severance benefit equal to one times Executive’s
          Annual Base Salary as of the date of termination, said benefit to be payable in equal installments over the course of the 12-month period immediately following termination in accordance with Employer’s normal payroll practices, and (C) if
          Executive timely and properly elects health continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”),

          timely pay on behalf of Executive the monthly (or other) COBRA premium for such coverage for Executive and his dependents until the earliest of (1) the one-year anniversary of the date of termination of Executive’s employment, (2) the date
          Executive is no longer eligible to receive COBRA continuation coverage, and (3) the date on which Executive becomes eligible to receive substantially similar coverage from another employer (notice of which eligibility Executive shall promptly
          give to Employer). Notwithstanding the foregoing, if payments under clause (C) of this Section 5(a)(ii) would cause Employer to violate the nondiscrimination rules
          applicable to non-grandfathered plans under the Affordable Care Act (the “ACA”), or result in the imposition of penalties under the ACA
          and the related regulations and guidance promulgated thereunder, the Parties agree to reform clause (C) of this Section 5(a)(ii) in such manner as is necessary to
          comply with the ACA while, to the extent reasonably practicable, preserving the benefit provided for in clause (C) of this Section 5(a)(ii). Notwithstanding the
          foregoing, Employer shall have no obligation to pay the severance benefit provided for in clause (B) of this Section 5(a)(ii) or the monthly (or other) COBRA premiums
          contemplated by clause (C) of this Section 5(a)(ii) unless within 45 days after the date of termination of Executive’s employment Executive executes and delivers to
          Employer a separation agreement containing a full release of claims and covenant not to sue, the same to be in the form provided by and otherwise reasonably satisfactory to Employer (the “Separation Agreement”), and the Separation Agreement becomes fully effective within 60 days after the date of termination of Executive’s employment. Additionally, Employer shall have no
          obligation to pay the severance benefit provided for in clause (B) of this Section 5(a)(ii) or the monthly (or other) COBRA premiums contemplated by clause (C) of this
          Section 5(a)(ii), and the payment of the same by Employer shall immediately cease, in the event of a breach by Executive of Section 7 or Section 8.

       

      (b)          Termination by Executive.  During the Term, Executive’s employment may be terminated by Executive:

       

      
        7

        
          

      

      (i)          at any time for Good Reason, provided that (A) before terminating his employment for Good Reason, (1) Executive shall give notice to Employer of the existence of Good Reason for termination, which notice
          must be given by Executive to Employer within 60 days of the initial existence of the condition(s) giving rise to Good Reason for termination and shall state with reasonable detail the condition(s) giving rise to Good Reason for termination and
          (2) Employer shall have 30 days from the effective date of such notice to remedy the condition(s) giving rise to Good Reason for termination and (B) such termination must occur within 12 months of the initial existence of the condition(s) giving
          rise to Good Reason for termination. In the event of the termination of Executive’s employment for Good Reason, Employer shall be required to (X) pay to Executive (or, in the event of Executive’s death, Executive’s estate) the Retention Bonuses,
          if but only if, and only to the extent, the Retention Bonuses have not already been paid to Executive, the same to be payable in one lump sum payment within 15 days of the date of termination of Executive’s employment, (Y) pay to Executive (or,
          in the event of Executive’s death, Executive’s estate, heirs, or designated beneficiaries, as the case may be) a severance benefit equal to (1) if termination is for Good Reason as defined in Section 1(l)(ii), Section 1(l)(iii), or Section 1(l)(iv), one
          times Executive’s Annual Base Salary as of the date of termination, said benefit to be payable in equal installments over the course of the 12-month period immediately following termination in accordance with Employer’s normal payroll practices,
          or (2) if termination is for Good Reason as defined in Section 1(l)(i), one times Executive’s Annual Base Salary immediately prior to the diminution in Annual Base
          Salary giving rise to termination, said benefit to be payable in equal installments over the course of the 12-month period immediately following termination in accordance with Employer’s normal payroll practices, and (Z) if Executive timely and
          properly elects health continuation coverage under COBRA, timely pay on behalf of Executive the monthly (or other) COBRA premium for such coverage for Executive and his dependents until the earliest of (1) the one-year anniversary of the date of
          termination of Executive’s employment, (2) the date Executive is no longer eligible to receive COBRA continuation coverage, and (3) the date on which Executive becomes eligible to receive substantially similar coverage from another employer,
          notice of which eligibility Executive shall promptly give to Employer (provided that, if Employer making payments under this clause (Z) would violate the
          nondiscrimination rules applicable to non-grandfathered plans under the ACA, or result in the imposition of penalties under the ACA and the related regulations and guidance promulgated thereunder, the Parties agree to reform this clause (Z) in
          such manner as is necessary to comply with the ACA while, to the extent reasonably practicable, preserving the benefit provided for in this clause (Z)). Notwithstanding the foregoing, Employer shall have no obligation to pay the severance benefit
          provided for in clause (Y) of this Section 5(b)(i) or the monthly (or other) COBRA premiums contemplated by clause (Z) of this Section 5(b)(i) unless within 45 days after the date of termination of Executive’s employment Executive executes and delivers to Employer the Separation Agreement and the Separation Agreement
          becomes fully effective within 60 days after the date of termination of Executive’s employment. Additionally, Employer shall have no obligation to pay the severance benefit provided for in clause (Y) of this Section 5(b)(i) or the monthly (or other) COBRA premiums contemplated by clause (Z) of this Section 5(b)(i), and the
          payment of the same by Employer shall immediately cease, in the event of a breach by Executive of Section 7 or Section 8; or

       

      (ii)         at any time without Good Reason (provided that Executive shall give Employer at least 30 days prior written notice of Executive’s intent to terminate).

       

      (c)          Termination Upon Disability.  During the Term, Executive’s employment may be terminated by Employer upon the Disability of Executive (provided that Employer shall give Executive at least 30 days prior written notice of its intent to terminate), in which event Employer shall be required to pay to Executive (or, in the event of Executive’s death, Executive’s
          estate) the Retention Bonuses, if but only if, and only to the extent, the Retention Bonuses have not already been paid to Executive, the same to be payable in one lump sum payment within 15 days of the date of termination of Executive’s
          employment. For the avoidance of doubt, termination for Disability under this Section 5(c) shall not be considered termination without Cause.

       

      
        8

        
          

      

      (d)          Termination Upon Death.  Executive’s employment shall terminate automatically upon the death of Executive. In the event Executive’s employment is terminated pursuant to this Section 5(d) prior to April 1, 2022, Employer shall pay to Executive’s estate the Retention Bonuses, if but only if, and only to the extent, the Retention Bonuses have not already been paid to
          Executive, the same to be payable in one lump sum payment within 15 days of the date of Executive’s death. For the avoidance of doubt, termination of Executive’s employment upon the death of Executive under this Section 5(d) shall not be considered termination without Cause.

       

      (e)          Termination by Mutual Agreement.  During the Term, Executive’s employment may be terminated at any time by mutual written agreement of the Parties.

       

      (f)          Non-Renewal of Agreement.  For the avoidance of doubt, the Parties expressly acknowledge and agree that neither the election by a Party to not renew, and therefore to terminate, this Agreement pursuant to Section 3 nor the termination of Executive’s employment at the end of the Term in connection with any such election shall give rise to any severance or other payment or
          benefit to Executive under this Agreement, except, however, that, in the event Employer elects to not renew, and therefore to terminate, this Agreement at the end of the Initial Term pursuant to Section 3, Employer shall be required to pay to Executive such of the Retention Bonuses as has not already been paid to Executive, the same to be payable in one lump sum payment within 15 days of the termination of
          this Agreement.

       

      (g)          Effect of Termination; Resignation.  Upon the termination of Executive’s employment, Employer shall have no further obligations to Executive or Executive’s estate, heirs, beneficiaries, executors,
          administrators, or legal or personal representatives under or with respect to this Agreement, except for the payment of any amounts earned and owing under Sections 4(a)-(d)
          as of the effective date of the termination of Executive’s employment and any payment(s) required by Section 5(a)(ii), Section 5(b)(i), Section 5(c), Section 5(d), Section 5(f), or Section 6. Further, upon the termination of Executive’s employment, (i) if
          Executive is a member of the board of directors of Company or the board of directors of Bank, or the board of directors of any Affiliate of Company or Bank, Executive shall, at the request of Employer, resign from Executive’s position(s) on such
          boards, and (ii) Executive shall, at the request of Employer, resign from any officer position(s) held by Executive at any Affiliate of Company or Bank, in each case with any and all such resignations to be effective not later than the date on
          which Executive’s employment is terminated unless a later effective date is agreed to by Employer.

       

      6.          Change in Control.

       

      (a)          If, within 12 months following a Change in Control,
          Employer (or any successor of or to Employer) terminates Executive’s employment without Cause, Employer (or its successor) shall be required to (i) pay to Executive (or, in the event of Executive’s death, Executive’s estate) the Retention
          Bonuses, if but only if, and only to the extent, the Retention Bonuses have not already been paid to Executive, the same to be payable in one lump sum payment within 15 days of the date of termination of Executive’s employment, (ii) pay to
          Executive (or, in the event of Executive’s death, Executive’s estate, heirs, or designated beneficiaries, as the case may be) a severance benefit in an amount equal to two times Executive’s Annual Base Salary as of the date of termination, said
          benefit to be payable in equal installments over the course of the 24-month period immediately following termination in accordance with Employer’s (or its successor’s) normal payroll practices, and (iii) if Executive timely and properly elects
          health continuation coverage under COBRA, timely pay on behalf of Executive the monthly (or other) COBRA premium for such coverage for Executive and his dependents until the earliest of (A) the 18-month anniversary of the date of termination of
          Executive’s employment, (B) the date Executive is no longer eligible to receive COBRA continuation coverage, and (C) the date on which Executive becomes eligible to receive substantially similar coverage from another employer (notice of which
          eligibility Executive shall promptly give to Employer (or its successor)). Notwithstanding the foregoing, if payments under clause (iii) of this Section 6(a) would
          cause Employer (or its successor) to violate the nondiscrimination rules applicable to non-grandfathered plans under the ACA, or result in the imposition of penalties under the ACA and the related regulations and guidance promulgated thereunder,
          the Parties agree to reform clause (iii) of this Section 6(a) in such manner as is necessary to comply with the ACA while, to the extent reasonably practicable,
          preserving the benefit provided for in clause (iii) of this Section 6(a). Notwithstanding the foregoing, Employer (or its successor) shall have no obligation to pay the
          severance benefit provided for in clause (ii) of this Section 6(a) or the monthly (or other) COBRA premiums contemplated by clause (iii) of this Section 6(a) unless within 45 days after the date of termination of Executive’s employment Executive executes and delivers to Employer (or its successor) the Separation
          Agreement and the Separation Agreement becomes fully effective within 60 days after the date of termination of Executive’s employment. Additionally, Employer (or its successor) shall have no obligation to pay the severance benefit provided for in
          clause (ii) of this Section 6(a) or the monthly (or other) COBRA premiums contemplated by clause (iii) of this Section 6(a), and the payment of the same by Employer (or its successor) shall immediately cease, in the event of a breach by Executive of Section 7
          or Section 8.

       

      
        9

        
          

      

      (b)          If, within 12 months following a Change in Control,
          Executive terminates his employment with Employer (or its successor) for Good Reason (provided that (x) before terminating his employment for Good Reason,
          Executive shall give notice to Employer (or its successor) of the existence of Good Reason for termination, which notice must be given by Executive to Employer (or its successor) within 60 days of the initial existence of the condition(s) giving
          rise to Good Reason for termination and shall state with reasonable detail the condition(s) giving rise to Good Reason for termination, and Employer (or its successor) shall have 30 days from the effective date of such notice to remedy the
          condition(s) giving rise to Good Reason for termination and (y) such termination must occur within 12 months of the initial existence of the condition(s) giving rise to Good Reason for termination), Employer (or its successor) shall be required
          to (i) pay to Executive (or, in the event of Executive’s death, Executive’s estate) the Retention Bonuses, if but only if, and only to the extent, the Retention Bonuses have not already been paid to Executive, the same to be payable in one lump
          sum payment within 15 days of the date of termination of Executive’s employment, (ii) pay to Executive (or, in the event of Executive’s death, Executive’s estate, heirs, or designated beneficiaries, as the case may be) a severance benefit in an
          amount equal to (A) if termination is for Good Reason as defined in Section 1(l)(ii), Section
              1(l)(iii), or Section 1(l)(iv), two times Executive’s Annual Base Salary as of the date of termination, said benefit to be payable in equal installments
          over the course of the 24-month period immediately following termination in accordance with Employer’s (or its successor’s) normal payroll practices, or (B) if termination is for Good Reason as defined in Section 1(l)(i), two times Executive’s Annual Base Salary immediately prior to the diminution in Annual Base Salary giving rise to termination, said benefit to be payable in equal installments over
          the course of the 24-month period immediately following termination in accordance with Employer’s (or its successor’s) normal payroll practices, and (iii) if Executive timely and properly elects health continuation coverage under COBRA, timely
          pay on behalf of Executive the monthly (or other) COBRA premium for such coverage for Executive and his dependents until the earliest of (A) the 18-month anniversary of the date of termination of Executive’s employment, (B) the date Executive is
          no longer eligible to receive COBRA continuation coverage, and (C) the date on which Executive becomes eligible to receive substantially similar coverage from another employer, notice of which eligibility Executive shall promptly give to Employer
          (or its successor) (provided that, if Employer (or its successor) making payments under this clause (iii) would violate the nondiscrimination rules
          applicable to non-grandfathered plans under the ACA, or result in the imposition of penalties under the ACA and the related regulations and guidance promulgated thereunder, the Parties agree to reform this clause (iii) in such manner as is
          necessary to comply with the ACA while, to the extent reasonably practicable, preserving the benefit provided for in this clause (iii)). Notwithstanding the foregoing, Employer (or its successor) shall have no obligation to pay the severance
          benefit provided for in clause (ii) of this Section 6(b) or the monthly (or other) COBRA premiums contemplated by clause (iii) of this Section 6(b) unless within 45 days after the date of termination of Executive’s employment Executive executes and delivers to Employer (or its successor) the Separation Agreement and the Separation
          Agreement becomes fully effective within 60 days after the date of termination of Executive’s employment. Additionally, Employer (or its successor) shall have no obligation to pay the severance benefit provided for in clause (ii) of this Section 6(b) or the monthly (or other) COBRA premiums contemplated by clause (iii) of this Section 6(b),
          and the payment of the same by Employer (or its successor) shall immediately cease, in the event of a breach by Executive of Section 7 or Section 8.

       

      
        10

        
          

      

      (c)          For the avoidance of doubt, if Executive becomes
          entitled to the compensation and benefits provided for in Section 6(a) or Section 6(b),
          Executive will not also be entitled to the compensation and benefits provided for in Section 5(a)(ii), Section

              5(b)(i), Section 5(c), Section 5(d), or Section 5(f).

       

      7.          Confidential Information.

       

      (a)          Executive understands and acknowledges that, during
          the course of Executive’s employment with Employer, Executive has had and will have access to and has learned and will learn of and about Confidential Information. Executive acknowledges and agrees that all Confidential Information of Company or
          Bank or their respective Affiliates that Executive accesses, receives, learns of, or develops while Executive is employed by Employer, or that Executive has previously accessed, received, learned of, or developed while employed by Employer, shall
          be and will remain the sole and exclusive property of Company and Bank and their respective Affiliates.

       

      (b)         Executive understands and acknowledges that Company
          and Bank and their respective Affiliates have invested, and continue to invest, substantial time, money, and specialized knowledge into developing their resources, creating a customer base, generating customer and potential customer lists,
          training their employees, and improving their offerings in the field of banking and financial services. Executive understands and acknowledges that, as a result of these efforts, Company and Bank and their respective Affiliates have created and
          continue to create and use Confidential Information, and that the Confidential Information provides Company and Bank and their respective Affiliates with a competitive advantage over others in the marketplace.

       

      (c)         Executive covenants and agrees (i) to treat all
          Confidential Information as strictly confidential; (ii) not to directly or indirectly disclose, publish, communicate, or make available Confidential Information, or allow it to be disclosed, published, communicated, or made available, in whole or
          in part, to any person whatsoever (including other employees of Company or Bank or their respective Affiliates) not having a need to know and authority to know and use the Confidential Information in connection with the business of Company or
          Bank or their respective Affiliates, and, in any event, not to anyone outside of the direct employ of Company or Bank or their respective Affiliates except as required in the performance of Executive’s authorized employment duties to Employer or
          with the prior consent of the Chief Executive Officer of Company in each instance (in which case such disclosure shall be made only within the limits and to the extent of such duties or consent); and (iii) not to access or use any Confidential
          Information, and not to copy any documents, records, files, media, or other resources containing any Confidential Information, or remove any such documents, records, files, media, or other resources from the premises or control of Company or Bank
          or any of their respective Affiliates, except as required in the performance of Executive’s authorized employment duties to Employer or with the prior consent of the Chief Executive Officer of Company in each instance (in which case such access,
          use, copying, or removal shall be only within the limits and to the extent of such duties or consent).

       

      
        11

        
          

      

      (d)         Nothing herein shall be construed to prevent
          disclosure of Confidential Information as may be required by applicable law, rule, or regulation or pursuant to the valid order of a court of competent jurisdiction or a government agency, provided that the disclosure does not exceed the extent of disclosure required by such law, rule, regulation, or order. Executive shall promptly provide written notice of any such order to the Chief Executive
          Officer of Company. Additionally, and without limiting the foregoing, nothing herein shall prohibit or restrict Executive (or Executive’s attorney) from initiating communications directly with, responding to an inquiry from, or providing
          testimony before the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, any other self-regulatory organization, or any other federal or state regulatory authority.

       

      (e)         Notwithstanding any other provision of
          this Agreement:

       

      (i)          Executive will not be
          held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that (A) is made (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an
          attorney and (2) solely for the purpose of reporting or investigating a suspected violation of law, or (B) is made in a complaint or other document filed under seal in a lawsuit or other proceeding; and

       

      (ii)         If Executive files a
          lawsuit for retaliation by Employer for reporting a suspected violation of law, Executive may disclose trade secrets to Executive’s attorney and use the trade secret information in the court proceeding if Executive (A) files any document
          containing trade secrets under seal and (B) does not disclose trade secrets, except pursuant to court order.

       

      (f)          Executive understands and acknowledges that
          Executive’s obligations under this Agreement with regard to any particular Confidential Information shall commence, or shall be deemed to have commenced, immediately upon Executive first having access to such Confidential Information (whether
          before or after the Effective Date) and shall continue during and after Executive’s employment by Employer until such time as such Confidential Information has become public knowledge other than as a result of Executive’s breach of this Agreement
          or a breach by any person acting in concert with or at the direction of Executive or acting on Executive’s behalf.

       

      (g)         At any time upon request by Employer, and in any event
          upon termination of Executive’s employment with Employer, Executive will promptly deliver to Employer all property of or belonging to Company or Bank or their Affiliates, including without limitation all Confidential Information, then in
          Executive’s possession or control.

       

      8.          Restrictive

            Covenants.

       

      (a)          Non-Solicitation of Customers.  Executive agrees that, during the period of Executive’s employment by Employer and, in the event of the termination of Executive’s employment for any reason, for the duration
          of the Post-Termination Period, Executive will not directly or indirectly (except on behalf of or with the prior written consent of Employer), on Executive’s own behalf or in the service of or on behalf of others, solicit, divert, or appropriate,
          or attempt to solicit, divert, or appropriate, any business from any customers of Company or Bank or any customers of any Affiliate of Company or Bank, or any prospective customers actively sought by Company or Bank or any Affiliate of Company or
          Bank with whom Executive has or had contact during the last two years of Executive’s employment with Employer, for purposes of selling, offering, or providing products or services that are competitive with those sold, offered, or provided by
          Company or Bank or any Affiliate of Company or Bank.

       

      
        12

        
          

      

      (b)         Non-Solicitation of Employees.  Executive agrees that, during the period of Executive’s employment by Employer and, in the event of the termination of Executive’s employment for any reason, for the duration
          of the Post-Termination Period, Executive will not directly or indirectly (except on behalf of or with the prior written consent of Employer), on Executive’s own behalf or in the service of or on behalf of others, solicit, recruit, or hire away,
          or attempt to solicit, recruit, or hire away, any employee of Company or Bank or any Affiliate of Company or Bank with whom Executive had contact during the last two years of Executive’s employment, regardless of whether such employee is a
          full-time, part-time, or temporary employee of Company or Bank or an Affiliate of Company or Bank or such employee’s employment is pursuant to a written agreement, for a determined period, or at will.

       

      (c)          Affiliation with New Financial Institution.  Executive agrees that, during the period of Executive’s employment by Employer and, in the event of the termination of Executive’s employment for any reason, for
          the duration of the Post-Termination Period, Executive will not work for or with, consult for, or otherwise be affiliated with or be employed by any person or group of persons proposing to establish a new bank or other financial institution.

       

      (d)         Non-Disparagement.  Executive agrees that, both during the period of Executive’s employment by Employer hereunder and following the termination of Executive’s employment, Executive will not make any
          disparaging statements or remarks (written or oral) about Company or Bank or any Affiliate of Company or Bank or any of their respective officers, directors, employees, shareholders, agents, or representatives. Employer agrees that, following the
          termination of Executive’s employment, Employer will instruct its directors and senior executive officers to refrain from making any disparaging statements or remarks (written or oral) about Executive.

       

      (e)         Modification.  The Parties agree that the provisions of this Agreement represent a reasonable balancing of their respective interests and have attempted to limit the restrictions imposed on Executive to those
          necessary to protect Employer from inevitable disclosure of Confidential Information and unfair competition. The Parties agree that, if the scope or enforceability of this Agreement is in any way disputed at any time and an arbitrator, court, or
          other trier of fact determines that the scope of the restrictions contained in this Agreement is overbroad, then such arbitrator, court, or other trier of fact may modify the scope of the restrictions contained in this Agreement.

       

      (f)          Tolling.  Executive agrees that, in the event Executive breaches this Section 8, the Post-Termination Period shall be tolled
          during, and therefore extended by, the period of such breach.

       

      (g)         Remedies.  Executive agrees that the covenants contained in Section 7 and Section 8 are of the essence of this Agreement; that each of such covenants is reasonable and necessary to protect the business, interests, and properties of Company and Bank and their respective Affiliates; and that
          irreparable loss and damage will be suffered by Employer should Executive breach any of such covenants. Therefore, Executive agrees and consents that, in addition to all other remedies provided by or available at law or in equity, Employer shall
          be entitled to a temporary restraining order and temporary and permanent injunctions to prevent a breach or contemplated or threatened breach of any of the covenants contained in Section

              7 or Section 8 and that, in such event, Employer shall not be required to post a bond. Employer and Executive agree that all remedies available to
          Employer shall be cumulative.

       

      9.           Severability. 

        The Parties agree that each of the provisions included in this Agreement is separate, distinct, and severable from the other provisions of this Agreement and that the invalidity or unenforceability of any provision of this Agreement shall not
        affect the validity or enforceability of any other provision of this Agreement. Further, if any provision of this Agreement is ruled invalid or unenforceable by a court of competent jurisdiction because of a conflict between the provision and any
        applicable law, rule, regulation, or public policy, the provision shall be redrawn to make the provision consistent with, and valid and enforceable under, such law, rule, regulation, or public policy.

       

      
        13

        
          

      

      10.         No
            Set-Off by Executive.  The existence of any claim, demand, action, or cause of action by Executive against Company or Bank or any Affiliate of Company or Bank, whether predicated upon this Agreement or otherwise, shall not constitute
        a defense to the enforcement by Employer of any of its rights under this Agreement.

       

      11.         Notices.  All notices, waivers, and other
          communications required or permitted hereunder shall be in writing and shall be either personally delivered; sent by national overnight courier service, postage prepaid, next-business-day delivery guaranteed; or mailed by first class United
          States Mail, postage prepaid return receipt requested, to the recipient at the address below indicated:

        

      

      	
              If to Company or Bank:

            	
              If to Executive:

            
	
              Reliant Bancorp, Inc.

            	
              To Executive, personally, at the

            
	
              Reliant Bank

            	
              most recent mailing address for

            
	
              6100 Tower Circle, Suite 120

            	
              Executive appearing in the records of

            
	
              Franklin, Tennessee 37067

            	
              Company

            
	
              Attention: President/CEO

            	 

      

      

      or to such other address or to the attention of such other person as the recipient Party shall have specified by prior written notice to the sending Party. All such
        notices, waivers, and other communications shall be deemed to have been effectively given: (a) when personally delivered to the Party to be notified; (b) two business days after deposit with a national overnight courier service, postage prepaid,
        addressed to the Party to be notified as set forth above with next-business-day delivery guaranteed; or (c) four business days after deposit in the United States Mail, first class, postage prepaid with return receipt requested, at any time other
        than during a general discontinuance of postal service due to strike, lockout, or otherwise (in which case such notice, waiver, or other communication shall be effectively given upon receipt), and addressed to the Party to be notified as set forth
        above.

      

      

      12.         Assignment. 

        Each of Company and Bank may assign this Agreement and its rights hereunder, and may delegate its duties and obligations under this Agreement, in each case without the consent of Executive. This Agreement is a personal contract, and neither this
        Agreement nor the rights, interest, duties, or obligations of Executive hereunder may be assigned or delegated by Executive. Subject to the preceding provisions of this Section 12, this Agreement shall be binding upon and shall inure to the benefit
        of the Parties and their respective successors and permitted assigns.

       

      13.         Waiver. 

        A waiver by a Party of any provision of this Agreement or of any breach of this Agreement by any other Party shall not be effective unless in a written instrument signed by the Party granting such waiver, and no waiver shall operate or be construed
        as a waiver of the same or any other provision or breach on any other occasion.

       

      14.         Mediation. 

        Except with respect to Section 7 and Section 8, in the event of any dispute arising out of or relating to this Agreement or a breach hereof, which dispute cannot be settled through direct discussions among the Parties, the Parties agree to first
        endeavor to settle the dispute in an amicable manner by non-binding, confidential mediation in Franklin, Williamson County, Tennessee, before resorting to any other process for resolving the dispute.

       

      15.         Applicable

            Law and Choice of Forum.  This Agreement shall be governed by and construed and enforced under and in accordance with the laws of the State of Tennessee, without regard to or the application of principles of conflicts of laws. The
        Parties agree that any litigation, suit, action, or proceeding arising out of or related to this Agreement shall be instituted exclusively in the United States District Court for the Middle District of Tennessee, Nashville Division, or the courts
        of the State of Tennessee sitting in Williamson County, Tennessee, and each Party irrevocably submits to the exclusive jurisdiction of and venue in such courts and waives any objection it might otherwise have to the jurisdiction of or venue in such
        courts.

       

      
        14

        
          

      

      16.         Interpretation. 

        Words used herein importing any gender include all genders. Words used herein importing the singular shall include the plural and vice versa. When used herein, the terms “herein,” “hereunder,” “hereby,” “hereto,” and “hereof,” and any similar
        terms, refer to this Agreement. When used herein, the term “person” shall include an individual, a corporation, a limited liability company, a partnership, an association, a trust, and any other entity or organization, whether or not incorporated.
        Any captions, titles, or headings preceding the text of any section or subsection of this Agreement are solely for convenience of reference and shall not constitute part of this Agreement or affect its meaning, construction, or effect.

       

      17.         Entire

            Agreement; No Duplication of Benefits.

       

      (a)       This Agreement embodies the entire and final,
          integrated agreement of the Parties on the subject matter stated in this Agreement and supersedes all prior understandings and agreements (oral and written) of the Parties relating to the subject matter of this Agreement. No amendment or
          supplement to or modification of this Agreement shall be valid or binding upon any Party unless the same is set forth in a written instrument signed by all Parties.

       

      (b)         The severance payments and benefits provided for in
          this Agreement shall be in lieu of any payments or benefits pursuant any general severance policy or other severance plan maintained by Employer for the benefit of its employees generally.

       

      18.         Counterparts. 

        This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail, or other means of
        electronic transmission shall be deemed to have the same legal effect as delivery of an original manually signed copy of this Agreement.

       

      19.         Rights

            of Third Parties.  Nothing herein expressed is intended to or shall be construed to confer upon or give to any person, other than the Parties hereto and their respective successors and permitted assigns, any rights or remedies under
        or by reason of this Agreement.

       

      20.         Legal

            Fees.  In the event of any claim, action, suit, or proceeding arising out of or in any way relating to this Agreement, the prevailing Party or Parties shall be entitled to recover from the non-prevailing Party or Parties all
        reasonable fees, expenses, and disbursements, including without limitation reasonable attorneys’ fees and court costs, incurred by such prevailing Party or Parties in connection with such claim, action, suit, or proceeding, in addition to any other
        relief to which such prevailing Party or Parties may be entitled at law or in equity.

       

      21.         Survival. 

        The respective rights and obligations of the Parties hereunder shall survive the termination of this Agreement to the extent and for such time as necessary to carry out fully the purposes and intent of this Agreement.

       

      22.         Executive Representations.  Executive represents and warrants to Employer that (a) neither the execution, delivery, or performance of this Agreement by Executive will conflict with, breach, violate, or cause a default
          under any contract, agreement, instrument, order, judgment, or decree to which Executive is a party or by which Executive is bound and (b) Executive is not, and will not become, a party to or bound by (i) any employment, non-competition,
          non-solicitation, or confidentiality agreement with any other person or (ii) any other agreement which would prohibit or impair Executive from providing or performing for Employer the services contemplated by this Agreement.

       

      
        15

        
          

      

      23.          Code

            Section 409A.  Notwithstanding anything in this Agreement to the contrary, the following provisions shall apply to all benefits and payments provided under this Agreement by Employer to Executive:

       

      (a)          The payment (or commencement of a series of payments)
          hereunder of any non-qualified deferred compensation (within the meaning of Section 409A of the Code) upon a termination of employment shall be delayed until such time as Executive has also undergone a Separation from Service, at which time such
          non-qualified deferred compensation (calculated as of the date of Executive’s termination of employment hereunder) shall be paid (or commence to be paid) to Executive as set forth in this Agreement as if Executive had undergone such termination
          of employment (under the same circumstances) on the date of Executive’s ultimate Separation from Service.

       

      (b)          If Executive is a specified employee (as determined by
          Employer in accordance with Section 409A of the Code and Treasury Regulations § 1.409A-3(i)(2)) as of Executive’s Separation from Service with Employer, and if any payment, benefit, or entitlement provided for in this Agreement or otherwise both
          (i) constitutes non-qualified deferred compensation (within the meaning of Section 409A of the Code) and (ii) cannot be paid or provided in a manner otherwise provided herein without subjecting Executive to additional tax or interest (or both)
          under Section 409A of the Code, then any such payment, benefit, or entitlement that is payable during the first six months following the Separation from Service shall be paid or provided to Executive in a lump sum cash payment to be made on the
          earlier of (A) Executive’s death and (B) the first business day of the seventh month immediately following Executive’s Separation from Service.

       

      (c)         Any payment or benefit paid or provided under this Agreement due to a Separation from Service that is exempt from Section 409A of the Code pursuant to Treasury Regulations § 1.409A-1(b)(9)(v) will be paid or provided to Executive only
            to the extent that expenses are not incurred or the benefits are not provided beyond the last day of Executive’s second taxable year following Executive’s taxable year in which the Separation from Service occurs, provided that Employer reimburses such expenses no later than the last day of the third taxable year following
            Executive’s taxable year in which Executive’s Separation from Service occurs.

       

      (d)         It is the Parties’ intent that the payments, benefits,
          and entitlements to which Executive could become entitled in connection with Executive’s employment under this Agreement be exempt from or comply with Section 409A of the Code and the regulations and other guidance promulgated thereunder, and,
          accordingly, this Agreement will be interpreted to be consistent with such intent. For purposes of the limitations on non-qualified deferred compensation under Section 409A of the Code, each payment of compensation under this Agreement shall be
          treated as a separate payment of compensation for purposes of applying the exclusion under Section 409A of the Code for short-term deferral amounts, the separation pay exception, or any other exception or exclusion under Section 409A of the Code.

       

      (e)         While the payments and benefits provided for hereunder
          are intended to be structured in a manner to avoid the implication of any penalty taxes under Section 409A of the Code, in no event whatsoever shall Company or Bank or their respective Affiliates be liable for any additional tax, interest, or
          penalties that may be imposed on Executive as a result of Section 409A of the Code or any damages for failing to comply with Section 409A of the Code (other than for withholding obligations or other obligations applicable to employers, if any,
          under Section 409A of the Code).

       

      (f)          No deferred compensation payments provided for under
          this Agreement shall be accelerated to Executive, except as permitted by Treasury Regulations § 1.409A-3(j)(4).

       

      
        16

        
          

      

      (g)          Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes “deferred
            compensation” for purposes of Section 409A of the Code be subject to offset by any other amount unless permitted by Section 409A of the Code.

       

      24.          Section 280G.

       

      (a)          In the event that any payments or benefits received or
          to be received by Executive (including without limitation any payments or benefits received or to be received in connection with a Change in Control or the termination of Executive’s employment, whether pursuant to the terms of this Agreement or
          any other plan, arrangement, or agreement, or otherwise) (all such payments and benefits, collectively, “Covered Payments”), constitute
          “parachute payments” within the meaning of Section 280G of the Code and would, but for this Section 24, be subject to the excise tax imposed by Section 4999 of the Code
          (the “Excise Tax”), then the Covered Payments shall be reduced (but not below zero) in a manner determined by Employer that is consistent
          with the requirements of Section 409A of the Code, by the minimum reasonably possible amounts, until no amount received or to be received by Executive will be subject to the Excise Tax. If two economically equivalent amounts are subject to
          reduction but are payable at different times, the amounts shall be reduced (but not below zero) on a pro rata basis.

       

      (b)          All determinations and calculations required under
          this Section 24, including any determination of whether any payments or benefits constitute “parachute payments,” shall be made by Employer in good faith and shall be
          final and binding on Employer and Executive for all purposes. For purposes of making the determinations and calculations required by this Section 24, Employer may rely
          on reasonable, good faith assumptions and approximations concerning the application of Section 280G and Section 4999 of the Code and may engage and in good faith rely on the advice and counsel of legal, accounting, and other professional
          advisors. Executive shall furnish Employer with such information and documents as Employer may reasonably request in order for Employer to make any determinations and calculations under this Section 24.

       

      25.          Tax Withholding.  Employer may deduct and withhold from any amounts payable under this Agreement all federal, state, city, or other taxes Employer is required to deduct or withhold pursuant to applicable law, rule,
          regulation, or ruling.

       

      26.          Regulatory

            Restrictions.  The Parties expressly acknowledge and agree that (a) any and all payments contemplated by this Agreement are subject to and conditioned upon their compliance with 12 U.S.C. § 1828(k) and 12 C.F.R. Part 359, as such
        laws and regulations may be amended from time to time, and (b) the obligations of the Parties under this Agreement are generally subject to such conditions, restrictions, and limitations as may be imposed from time to time by applicable state
        and/or federal banking laws, rules, and regulations.

       

      27.          Right to Contact.  Executive acknowledges and agrees that Employer shall have the right to contact any new or potential employer of Executive (or other business) and apprise such person of Executive’s responsibilities and
          obligations owed under this Agreement.

       

      (Signature Page Follows)

       

      

      
        17

        
          

      

      IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement effective as of the date first written above.

       

      	 	
              COMPANY:

            	
              RELIANT BANCORP, INC.

            
	 	 	 	 
	 	 	
              By:

            	
              /s/ DeVan D. Ard, Jr.

            
	 	 	 	
              DeVan D. Ard, Jr.

            
	 	 	 	
              President and Chief Executive Officer

            
	 	 	 	 
	 	
              BANK:

            	
              RELIANT BANK

            
	 	 	 	 
	 	 	
              By:

            	
              /s/ DeVan D. Ard, Jr.

            
	 	 	 	
              DeVan D. Ard, Jr.

            
	 	 	 	
              President and Chief Executive Officer

            
	 	 	 	 
	 	
              EXECUTIVE:

            	 	 
	 	 	 	 
	 	 	
              /s/ Jerry Cooksey

            
	 	 	
              Jerry Cooksey

            

      

      

      

      

      
        (Signature
            Page to Cooksey Employment Agreement)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}]]