Document:

Amended and Restated Employment Agreement of Kenneth P. Cherven

 Exhibit 10.1 
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT

 BY AND AMONG 
 FIRST COMMUNITY BANK CORPORATION OF AMERICA 
 AND 
 FIRST COMMUNITY BANK OF AMERICA 
 AND 
 KENNETH P. CHERVEN 
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”) is entered into this 29th day of November, 2004, by and among
First Community Bank Corporation of America (“Corporation”), First Community Bank of America (“Bank”) and Kenneth P. Cherven (“Employee”). The Corporation and the Bank are collectively referred to herein as
“Employer.” Employer and Employee are collectively referred to herein as the “Parties.” 
 RECITALS 

 WHEREAS, Employer wishes to retain Employee as Chief Executive Officer and President of the Corporation and the Bank
to perform the duties and responsibilities as are described in this Agreement and as the Boards of Directors (“Boards”) may assign to Employee from time to time; and 
 WHEREAS, Employee desires to become employed by Employer and to serve as the Chief Executive Officer and President of the Corporation
and the Bank in accordance with the terms and provisions of this Agreement. 
 NOW, THEREFORE, in consideration of the
mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto represent, warrant, undertake, covenant and agree as follows: 
 OPERATIVE TERMS 
 1. Employment and Term. Employer shall employ Employee pursuant to the terms of this Agreement to perform the services specified in Section 2 herein. The initial term of employment
shall be for a period of three years, commencing on November 1, 2004 (“Effective Date”). On each subsequent day, this Agreement shall be automatically renewed for one additional day until Employee’s 65th birthday. However, either Party may terminate such renewals of this
Agreement at any time by giving the other Party written notice of its intent not to renew. 
 The Board of both the Corporation
and the Bank, or their respective Compensation Committees, shall on at least an annual basis, review Employee’s performance and this Agreement to determine if the Agreement’s renewals should be continued. The Boards’ or their
respective Compensation Committees’ decision shall be included in their meeting minutes. 
 2. Position,
Responsibilities and Duties. During the term of this Agreement, Employee shall devote all of his working time, attention, skill and best efforts to accomplish and faithfully perform all of the duties assigned to Employee on a full-time
basis. Employee shall, at all times, conduct himself in a manner that will reflect positively upon Employer. Employee shall obtain and maintain such licenses, certificates, accreditations and professional memberships and designations as Employer may
reasonably require. Employee shall notify Employer prior to any significant participation by him in any trade association or similar organization. Employee shall also have the specific duties prescribed in Schedule A, and any amendments
thereto as mutually agreed to by the Parties. 
 3. Compensation. During the term of this Agreement, Employee
shall be compensated as described in Schedule B, and any amendments thereto as mutually agreed to by the Parties. 
 4.
Payment of Business Expenses. Employee is authorized to incur reasonable expenses in performing his duties hereunder. Employer will reimburse Employee for authorized expenses, according to Employer’s established policies, promptly
after Employee’s presentation of an itemized account of such expenditures. 
 5. Illness or Incapacity.

 (a) Duration: Employee shall be paid his full Base Salary for any period of his illness or
incapacity; provided that such illness or incapacity does not render Employee unable to perform his duties under this Agreement for a period longer than three consecutive months. At the end of such three-month period, Employer may terminate
Employee’s employment and this Agreement, as provided as provided by Section 6(b). 
 (b)
Continuation of Coverages: Notwithstanding any contrary provision herein, following any termination of Employee’s employment and this Agreement pursuant to Section 5(a), Employer will continue any other life, health and
disability coverages for Employee substantially identical to the coverages maintained prior to Employee’s termination until the earlier of: 
  

	 	(i)	Employee’s full time employment by another Person; 

  

	 	(ii)	one year after the date of such termination (with the exception of any disability insurance coverage in place, which shall be governed by the terms of such policy); or

  

	 	(iii)	the date of Employee’s death. 

 6. Termination. 
 (a) Death: This Agreement shall immediately terminate
upon Employee’s death, in which instance Employer shall pay to Employee’s estate any compensation accrued, but not yet paid. 
 (b) Termination for Cause: Employer shall have the right, at any time, upon written notice of termination satisfying the requirements of Section 8 herein, to terminate Employee’s
employment hereunder, including termination for Cause as determined in the discretion of the Board of Directors. A termination for Cause shall be effective immediately upon effectiveness of a notice of termination. 
 For the purpose of this Agreement, termination for “Cause” shall mean termination for personal dishonesty;
insubordination; misconduct or conduct: which could have a material negative reflection on Employer; breach of fiduciary duty; materially failing to perform the duties stated in this Agreement and Schedule A of this Agreement; violation of
any significant law, rule or regulation (other than minor traffic violations or similar offenses); violation of a final cease-and-desist order; illness or incapacity for a period of longer than three months (as contemplated by Section 5); or
personal default on indebtedness which is not corrected within 30 days from the date of default. In the event Employee is terminated for Cause, Employee shall have no right to compensation or other benefits for any period after such date of
termination, other than compensation which was accrued, but not yet paid and (in the case of termination pursuant to Section 5[a]) the continuation of coverages describe in Section 5(b). 

 (c) Termination by Employer Other than For Cause: If Employee
is terminated by Employer for any reason other than for Cause, Employee’s right to severance benefits under this Agreement shall be as set forth in Sections 6(g) and (h) herein. 
 (d) Change-in-Control: A “Change-in-Control” of Employer shall mean the first to occur of any one or
more of the following: 
  

	 	(i)	any transaction, whether by merger, consolidation, asset sale, recapitalization, reorganization, combination, stock purchase, tender offer, reverse stock split, or
otherwise, which results in the acquisition of, or beneficial ownership (as such term is defined under rules and regulations promulgated under the Securities Exchange Act of 1934, as amended) by any person or entity or any group of persons or
entities acting in concert of 50% or more of the outstanding shares of common stock of the Corporation or the Bank; or 

  

	 	(ii)	the sale of all or substantially all of the assets of the Corporation or the Bank; or 

  

	 	(iii)	the liquidation of the Corporation or the Bank of a material amount of either’s assets; or 

  

	 	(iv)	the takeover or control of all or substantially all of the operations of the Corporation or the Bank, through any of the means specified above.

 If Employee has actual knowledge of an anticipated “Change-in-Control” at least 30
days prior to the event which causes a Change-in-Control, Employee shall be entitled at any time up to 30 days prior to the event which will effect such Change-in-Control (the “Change-in-Control Date”), to give a notice of termination (as
defined in Section 8) as of the Change-in-Control Date, and Employee shall be paid, in addition to all accrued but unpaid compensation, a lump sum cash payment (the “Change-in-Control Payment”). The Change-in-Control Payment shall be
equal to two-and-nine-tenths (2.9) years Employee’s then Base Salary (as defined in Schedule B) to be paid without setoff of any kind and in cash, not later than ten days after the Change-in-Control Date. Additionally, prior to the
Change-in-Control Date, Employer shall notify representatives of the acquiring or successor entity, as the case may be, of Employee’s rights and Employer’s obligations under this Agreement, and without affecting Employer’s obligations
to pay Employee hereunder, any such acquiring or successor entity shall become obligated to forthwith pay to Employee for such part of the Change-in-Control Payment as has not been paid by Employer as of the Change-in-Control Date. 
 In the event a Change-in-Control occurs without Employee having the actual prior knowledge described above, Employee shall
have the right to give a notice of termination (as defined in Section 8) to Employer no later than ten (10) business days following a Change-in-Control during the term of this Agreement. In such instance, Employer, its successor or
acquirer shall pay the Change-in-Control payment to Employee within ten (10) business days of receipt of Employee’s notice of termination. 
 (e) Termination for Good Reason: Employee may terminate his employment hereunder for Good Reason by delivering a notice of termination (as defined in Section 8). For purposes of this
Agreement, “Good Reason” shall mean: (i) a failure by Employer to comply with any material provision of this Agreement, which failure has not been cured within 15 business days after a notice of such noncompliance has been given by
Employee to Employer; or (ii) subsequent to a Change-in-Control. In the event Employee terminates his employment for Good Reason, he shall be entitled to severance benefits as set forth in Sections 6(g) and (h). 
 (f) Termination by Employee: Employee may terminate his employment hereunder and this Agreement for any reason,
by providing a notice of termination (as defined in Section 8). In such event, Employee shall have no right to compensation or other benefits after the date of termination, except for accrued but unpaid compensation. 
 (g) Severance Payment: If Employee is entitled to severance benefits under Sections 6(c) or (e), Employee shall
be paid, as severance, the total Base Salary (as defined in Schedule B) due for the longer of the remaining term of this Agreement or six months (which is the maximum duration of the agreement not to compete imposed on Employee by
Section 12[b]). Any such payment shall be made in substantially equal semi-monthly installments on the 15th and last days of each month until paid in full and shall only be paid subject to Employee’s execution of a full release in favor of
Employer for any potential claims related to this Agreement or to Employee’s employment with Employer. 
 (h) Additional Severance Benefits: If Employee is entitled to severance benefits under Sections 6(c) or (e), Employer shall maintain in full force and effect, for the continued benefit of Employee any Employee benefit plans
and programs in which Employee was entitled to participate immediately prior to the date of termination for the shorter of: 
  

	 	(i)	one year after the date of termination; or 

  

	 	(ii)	the period of time ending on the date Employee becomes eligible for participation in a comparable plan provided by another employer; provided, however, that
Employee’s continued participation is possible under the general terms and provisions of such plans and programs. 

 7. Regulatory Provisions. Employer and Employee acknowledge that the laws and regulations governing the Parties require that the employment of Employee be governed by certain standards contained in those laws and regulations.
To that end, the Parties agree to be bound by the following provisions: 
 (a) Suspension/Temporary
Prohibition: If Employee is suspended and/or temporarily prohibited from participating in the conduct and affairs of the Bank by a notice served under Sections 8(e) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. §1818[e][3]
and [g][1]) Employer’s obligations under this Agreement shall be suspended as of the date of such service unless stayed by appropriate proceedings. If the charges and the notice are dismissed, Employer may in its discretion: 
  

	 	(i)	pay Employee all or part of his compensation withheld while the obligations under this Agreement are suspended; and 

  

	 	(ii)	reinstate (in whole or part) any of Employer’s obligations which were suspended. 

 (b) Permanent Prohibition: If Employee is removed and/or permanently prohibited from participating in the
conduct and affairs of the Bank by an order issued under Sections 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. §1818[e][4] or [g][1]), all of Employer’s obligations under this Agreement shall terminate as of the
effective date of the order, but Employee’s vested rights, if any shall not be affected. 

 (c) Default Under FDIA: If the Bank is in default (as defined
in Section 3[x][1] of the Federal Deposit Insurance Act) all obligations under this Agreement shall terminate as of the date of default, but this subsection of this Agreement shall not affect Employee’s vested rights if any. 
 (d) Regulatory Termination: All obligations under this Agreement shall be terminated, except to the extent that
a determination has been made that continuation of this Agreement is necessary for continued operation of the Bank: 
  

	 	(i)	by the Director or his or her designee, at the time the Office of Thrift Supervision (“OTS”) or Federal Deposit Insurance Corporation (“FDIC”)
enters into an agreement to provide assistant to or on behalf of the Bank under the authority to contained in Section 13(c) of the Federal Deposit Insurance Act; or 

  

	 	(ii)	by the OTS, FDIC or the Director, or his or her designee, at the time the OTS, FDIC or the Director, or his or her designee, approves a supervisory merger to resolve
problems related to operation of the Bank or when the Bank’s determined by the OTS, FDIC or the Director to be in unsafe or unsound condition. 

 Any of Employee’s rights that have already vested, however, shall not be affected by such action. For purposes of this subsection of this Agreement, the term “Director” shall mean
the Director of the OTS or the FDIC. 
 8. Notice of Termination. 
 (a) Specificity: Any termination of Employee’s employment by Employer or by Employee shall be communicated
by written notice of termination to the other Party. For purposes of this Agreement, a “notice of termination” shall mean a dated notice which shall: (i) indicate the specific relevant termination provision in the Agreement;
(ii) set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Employee’s employment under the provision; and (iii) set forth the date of termination, which shall be not less than 30 days
nor more than 45 days after such notice of termination is given, unless another Section of the Agreement requires or permits a different effective date. 
 (b) Delivery of Notices: All notices or resignations given or required to be given herein shall be in writing, sent by United States first-class certified or registered mail, postage
prepaid, by way of overnight carrier, or by hand delivery. If to Employee (or to Employee’s spouse or estate upon Employee’s death) notice shall be sent to Employee’s last-known address, and if to Employer, notice shall be sent to
Employer’s corporate headquarters. All such notices shall be effective five days after having been deposited in the mail if sent via first-class certified or registered mail, or upon delivery if by hand delivery or if sent via overnight
carrier. Either Party, by notice in writing, may change or designate the place for receipt of all such notices. 
 9.
Post-Termination Obligations. Employer shall pay to Employee such payments and benefits as are required pursuant to this Agreement; provided, however, any such payments shall be subject to Employee’s post-termination cooperation.
Such cooperation shall include the following: 
 (a) Employee shall furnish such information and assistance as
may be reasonably required by Employer in connection with any litigation or settlement of any dispute between Employer and a customer or other third parties (including without limitation serving as a witness in court or other proceedings);

 (b) Employee shall provide such information or assistance to Employer in connection with any regulatory
examination by any state or federal regulatory agency; 
 (c) Employee shall keep Employer’s trade secrets
and other proprietary or confidential information secret to the fullest extent practicable, subject to compliance with all applicable laws; 
 (d) Employee shall return all Employer’s property, including, but not limited to, keys, credit cards, manuals and other written materials. 
 (e) Employee shall execute a full release of all potential claims related to this Agreement or to Employee’s employment
with Employer in favor of Employer. 
 Upon submission of proper receipts, Employer shall promptly reimburse Employee for any
reasonable expenses incurred by Employee in complying with the provisions of this Section. 
 10. Indebtedness. If
during the term of this Agreement, Employee becomes indebted to Employer or to one of Employer’s subsidiaries, for any reason, Employer may, at its election, set off and collect any sums due Employee out of any amounts which Employer may owe
Employee pursuant to the terms of this Agreement. Furthermore, upon the termination of this Agreement, all sums owed to Employer by Employee shall become immediately due and payable. Employee shall pay all expenses and Attorneys’ Fees actually
or necessarily incurred by Employer in connection with any collection proceeding for Employee’s indebtedness. Notwithstanding any of the foregoing, any indebtedness to Employer or to one of Employer’s subsidiaries, secured by a mortgage on
Employee’s residence shall not be subject to the foregoing provisions, but shall be governed by the loan documents evidencing such indebtedness. 
 11. Maintenance of Confidential Information. Employee shall use his best efforts and utmost diligence to guard and protect all of Employer’s (or any of Employer’s subsidiaries)
confidential information. Employee shall not, either during the term, or after termination, of this Agreement, for whatever reason, use in any capacity, or divulge or disclose in any manner, to any Person, the identity of Employer’s (or any of
Employer’s subsidiaries) customers, methods of operation, processes, systems and programs, or other confidential information relating to Employer’s (or any of Employer’s subsidiaries) business. Upon termination of this Agreement or
Employee’s employment, for any reason, Employee shall immediately return and deliver to Employer or any of Employer’s subsidiaries, all records and papers and all materials which bear confidential information. 
 12. Competitive Activities. 
 (a) Limitation on Outside Activities: Employee agrees that during the term of this Agreement, except with the express consent of the Board, Employee will not, directly or indirectly, engage
in, participate in, become a director of, render advisory or other services to, become employed by, or make any financial investment in any firm, corporation, business entity or business enterprise competitive with or to any business of Employer.
Notwithstanding the foregoing, Employee shall not be precluded or prohibited from owning passive investments (defined herein to mean up to 9.9% of the beneficial ownership of the firm, corporation, business entity or business enterprise), including
investments in the securities of other financial institutions. Employee, however, shall be prohibited from making any investments or commitments of time, accepting any positions or participating in any activities which cause Employee to devote time
to such investments, commitments, positions or activities which would interfere with Employee’s position with and obligations to Employer. 

 (b) Agreement Not to Compete: Employee acknowledges that by
virtue of his employment with Employer, Employee will acquire an intimate knowledge of the activities and affairs of Employer, including trade secrets and other confidential matters. Employee, therefore, agrees that during the term of this
Agreement, and for a period of six months following the termination of Employee’s employment hereunder, Employee shall not become employed, directly or indirectly, whether as an employee, independent contractor, consultant, or otherwise, with
any federally-insured financial institution, financial holding company, bank holding company, or other financial services provider located in Charlotte, Hillsborough, Manatee, Pasco, Pinellas and Sarasota Counties, Florida or in any County where
Employer operates a full-service branch (“Covered Area”) with any Person whose intent it is to organize another such company or entity located in the Covered Area. Employee acknowledges that this is the same duration of the minimum period
that Employee would receive severance benefits under Section 6, if he is entitled to such benefits. 
 Employee further agrees that for a period of 12 months following the termination of Employee’s employment hereunder for any reason, Employee shall not directly or indirectly: (i) solicit the business of any then current customer
(“borrower or depositor”) of Employer or any of Employer’s subsidiaries, regardless of whether or not Employee was responsible for generating such customer’s business for Employer or any of Employer’s subsidiaries; or
(ii) solicit any employees of Employer or any Employer’s subsidiaries. 
 Employee hereby agrees that
the duration of the anti-competitive covenant set forth herein is reasonable, and that its geographic scope is not unduly restrictive. 
 13. Remedies for Breach. 
 (a) Arbitration: The Parties agree that, except
for the specific remedies for Injunctive Relief as contained in Section 13(b), herein, any controversy or claim arising out of or relating to this Agreement, or any breach thereof, including, without limitation, any claim that this Agreement or
any portion thereof is invalid, illegal or otherwise voidable, shall be submitted to binding arbitration before and in accordance with the Rules of the American Arbitration Association. Judgment upon the determination and/or award of such arbitrator
may be entered in any court having jurisdiction thereof; provided, however, that this clause shall not be construed to permit the award of punitive damages to either Party. The prevailing party to said arbitration shall be entitled to an award of
reasonable Attorneys’ Fees. The venue for arbitration shall be in Pinellas County, Florida. 
 (b)
Injunctive Relief: The Parties acknowledge and agree that the services to be performed by Employee are special and unique and that money damages cannot fully compensate Employer in the event of Employee’s violation of the
provisions of Sections 11 and 12 of this Agreement. Thus, in the event of a breach of any of the provisions of such Section, Employee agrees that Employer, upon application to a court of competent jurisdiction, shall be entitled to an injunction
restraining Employee from any further breach of the terms and provision of such Section. Should Employer prevail in an action seeking such an injunction, Employee shall pay all costs and reasonable Attorneys’ Fees incurred by Employer in and
relating to obtaining such injunction. Employee’s sole remedy, in the event of the wrongful entry of such injunction, shall be the dissolution of such injunction and recovery of Attorneys’ Fees. Employee hereby waives any and all claims
for damages by reason of the wrongful issuance of any such injunction. 
 (c) Cumulative Remedies:
Notwithstanding any other provision of this Agreement, the injunctive relief described in Section 13(b) herein and all other remedies provided for in this Agreement which are available to Employer as a result of Employee’s breach
of this Agreement, are in addition to and shall not limit any and all remedies existing at law or in equity which may also be available to Employer. 
 14. Assignment. This Agreement shall inure to the benefit of and be binding upon Employee, and to the extent applicable, his heirs, assigns, executors, and personal representatives, and to
Employer, and to the extent applicable, its successors, and assigns, including, without limitation, any Person which may acquire all or substantially all of the assets and business of the Corporation or the Bank, or with or into which the
Corporation or the Bank may be consolidated or merged, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer. 
 15. Attorneys’ Fees. In the event that any claim or controversy hereunder is the subject of any litigation or arbitration between the Parties, the prevailing Party shall be entitled to
an award of all reasonable costs, including Attorneys’ Fees. 
 16. Miscellaneous. 
 (a) Amendment of Agreement: Unless as otherwise provided herein, this Agreement may not be modified or amended
except in writing signed by the Parties. 
 (b) Certain Definitions: For purposes of this
Agreement, the following terms whenever capitalized herein shall have the following meanings: 
  

	 	(i)	“Attorneys’ Fees” shall include the reasonable legal fees and disbursements charged by attorneys and their related travel and lodging expenses, court
costs, paralegal fees, etc. incurred in arbitration, mediation, settlement negotiations, discovery, trial, appeal or bankruptcy proceedings. 

  

	 	(ii)	“Material” shall mean substantial or significant as opposed to inconsequential. 

  

	 	(iii)	“Person” shall mean any natural person, corporation, partnership (general or limited), trust, association or any other business entity.

 (c) Headings for Reference Only: The headings of the Sections and the Subsections
herein are included solely for convenient reference and shall not control the meaning of the interpretation of any of the provisions of this Agreement. 
 (d) Governing Law/Jurisdiction: This Agreement shall be construed in accordance with and governed by the laws of the State of Florida. Any litigation involving the Parties and their rights
and obligations hereunder shall be brought in the appropriate court in Pinellas County, Florida. 
 (e)
Severability: If any of the provisions of this Agreement shall be held invalid for any reason, the remainder of this Agreement shall not be affected thereby and shall remain in full force and effect in accordance with the
remainder of its terms. 
 (f) Entire Agreement: This Agreement and all other documents
incorporated or referred to herein, contain the entire agreement of the Parties and there are no representations, inducements or other provisions other than those expressed in writing herein. No modification, waiver or discharge of any provision or
any breach of this Agreement shall be effective unless it is in writing signed by both Parties. A Party’s waiver of the other Party’s breach of any provision of this Agreement, shall not operate, or be construed, as a waiver of any
subsequent breach of that provision or of any other provision of this Agreement. 

 (g) Waiver: No course of conduct by Employer or Employee and
no delay or omission of Employer or Employee to exercise any right or power given under this Agreement shall: (i) impair the subsequent exercise of any right or power, or (ii) be construed to be a waiver of any default or any acquiescence
in, or consent to, the curing of any default while any other default shall continue to exist, or be construed to be a waiver of such continuing default or of any other right or power that shall theretofore have arisen. Any power and/or remedy
granted by law and by this Agreement to any Party hereto may be exercised from time to time, and as often as may be deemed expedient. All such rights and powers shall be cumulative to the fullest extent permitted by law. 
 (h) Pronouns: As used herein, words in the singular include the plural, and the masculine include the
feminine and neuter gender, as appropriate. 
 (i) Recitals: The Recitals set forth at the
beginning of this Agreement shall be deemed to be incorporated into this Agreement by this reference as if fully set forth herein, and this Agreement shall be interpreted with reference to and in light of such Recitals. 
 (j) Amendment and Restatement: This Agreement amends and completely restates any other employment agreements by
and between Employee and Employer. By executing this Agreement, Employee completely releases Employer from any obligations under any such other agreements. 
 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first written above. 
  

			
	EMPLOYEE
	
	/s/ Kenneth P. Cherven
	Kenneth P. Cherven
	
	FIRST COMMUNITY BANK CORPORATION OF AMERICA
		
	By:	 	/s/ Robert M. Menke
		 	Robert M. Menke
		 	Chairman of the Board
	
	FIRST COMMUNITY BANK OF AMERICA
		
	By:	 	/s/ Robert M. Menke
		 	Robert M. Menke
		 	Chairman of the Board

 SCHEDULE A 
 Employee’s duties shall specifically include, but not be limited to: 
  

	 	1.	building and maintaining a high quality management team; 

  

	 	2.	building and managing the Bank’s branch network; 

  

	 	3.	managing personnel and minimizing employee turnover; 

  

	 	4.	serving on such committees as appointed by the Boards from time to time; 

  

	 	5.	monitoring Employer’s capital position and identifying and evaluating capital raising options; 

  

	 	6.	keeping the Boards informed of industry developments and regulatory initiatives affecting the Corporation and Bank; 

  

	 	7.	supervising all lending, servicing and resolution of problem assets; 

  

	 	8.	establishing and implementing marketing efforts to increase the Bank’s business; 

  

	 	9.	coordinating with Employer’s attorneys and accountants and other service providers to the extent necessary to further the business of Employer, keeping in
compliance with government laws and regulations and otherwise keeping the Corporation and the Bank in as good a financial and legal posture as possible; 

  

	 	10.	maintaining adequate expense records relating to Employee’s activities; 

  

	 	11.	keeping the Boards informed of financial results of operations and the status of Employer’s business; 

  

	 	12.	making recommendations to the Boards on a wide range of subjects, including: officer appointments and changes in organization, loans, new or redesigned services, annual
operating budget, salary and benefit administration, and physical plan renovation; 

  

	 	13.	meeting regularly with officers and other key staff; and delegate responsibility for daily operations and administration; 

  

	 	14.	maintaining relationships with other bankers to be aware of new services or opportunities to increase profit or decrease expenses; 

  

	 	15.	identifying and evaluating expansionary opportunities for Employer; and 

  

	 	16.	conducting and undertaking all other activities, responsibilities, and duties normally expected to be undertaken and accomplished by the Chief Executive Officer and
President of a financial institution holding company similar in size and operation to Employer’s business. 

 SCHEDULE B 
 COMPENSATION 
  

	1.	Base Salary: Employee shall receive an annual salary of $170,140 (the “Base Salary”). 

 Employer may adjust the Base Salary from time to time based upon the Board’s evaluation of Employee’s performance. In no event,
however, will the Base Salary be reduced without Employee’s written concurrence. 
  

	2.	Performance Bonuses: Employee may receive an annual performance bonus at the discretion of the Board. The performance bonus shall be tied to
Bancshares achieving profitability on a consolidated basis. “Profitability” shall include, but not be limited to net profit, the financial strength of Bancshares, implementing strategies to increase shareholder value or such other measures
as determined by the Board. 

  

	3.	Vacation: Employee is entitled to four weeks paid vacation time per year on a non-cumulative basis. Employee will be entitled to receive a lump sum
payment of up to 80 hours of unused vacation time. 

  

	4.	Medical Benefits and Other Plans: Employee shall also be permitted to participate in all other benefit plans offered to Bank officers.

  

	5.	Continuing Education: Employer will reimburse Employee for admission or attendance fees for pre-approved educational meetings or seminars offered
by such organizations as the Florida Bankers Association. 

  

	6.	Automobile Allowance: Employee shall be entitled to receive an automobile allowance of $600 per month in accordance with Employer’s policies.

  

	7.	Life Insurance: Employer shall maintain a $500,000 life insurance policy on Employee during the term of this Agreement for the benefit of
employee’s spouse. The policy shall be with a life insurance company with a B+ or better rating.Amended and Restated Deferred Compensation Plan

 Exhibit 10.4 
 FIRST COMMUNITY BANK 
 DEFERRED COMPENSATION PLAN

 AMENDED AND RESTATED 
 EFFECTIVE AS OF JANUARY 1, 2009 

 FIRST COMMUNITY BANK 
 DEFERRED COMPENSATION PLAN 
 AMENDED AND RESTATED

 EFFECTIVE AS OF JANUARY 1, 2009 
  

			
	 	  	Page
		
	 ARTICLE I
	  	I-1
		
	 ARTICLE II
	  	II-1
		
	 ARTICLE III
	  	III-1
		
	 ARTICLE IV
	  	IV-1
		
	 ARTICLE V
	  	V-1
		
	 ARTICLE VI
	  	VI-1
		
	 ARTICLE VII
	  	VII-1

 FIRST COMMUNITY BANK 
 DEFERRED COMPENSATION PLAN 
 AMENDED AND RESTATED

 EFFECTIVE AS OF JANUARY 1, 2009 
 PURPOSE 
 First Community Bank of America (the “Company”),
previously established, effective as of January 1, 2005, the First Community Bank Deferred Compensation Plan (the “Plan”) to retain and reward a select management or highly compensated employee of the Company. The Plan has been
amended and restated effective as of January 1, 2009 to comply with Section 409A of the Internal Revenue Code of 1986, as amended from time to time (the “Code”) and is hereby further amended and restated, effective as of
January 1, 2009, to clarify certain provisions describing the benefits payable under the Plan and how these benefits comply with Section 409A of the Code. The Plan is an unfunded plan established and maintained for the primary purpose of
providing certain key employees who substantially contribute to the success of the Company with deferred compensation benefits. 
 ARTICLE I 
 Definitions 
 Whenever used hereinafter, the following terms shall have the meaning set forth below. 
 (a) “Accrued Benefit” shall mean the retirement benefit, which the Participant has earned, based on his Final Compensation as of the date of determination and calculated in accordance with paragraph (a) of
Article III if the Participant has attained age 65 at the time of determination, or paragraph (b) of Article III if the Participant has not attained age 65 at the time of determination. 
 (b) “Actuarial Present Value” shall mean, with respect to determining the amount of a lump sum payment, an amount
determined by using a six and one half percent (6.5%) discount rate and the Age 85 Mortality Table. 
 (c)
“Beneficiary” shall mean the person or persons designated by a Participant in writing who are to receive any benefits under the Plan after the Participant’s death. If the Participant does not select a Beneficiary under
this Plan on forms provided for that purpose by the Plan Administrator, the Participant’s Beneficiary shall be the Participant’s estate. The Beneficiary may be changed at any time by filing a new form with the Plan Administrator.

 (d) “Change in Control” shall mean the occurrence of any one (1) or more of the following
events: 
 (1) A change in the effective control of the Company, which occurs only on either of the following
dates: 
 (A) The date any person or more than one person acting as a group (other than the Company or any
corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, and any trustee or other fiduciary holding securities under an employee benefit plan of
the Company or such proportionately owned corporation), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company representing more than thirty
percent (30%) of the total voting power of the stock of the Company; or 
  

 I-1 

 (B) The date a majority of the members of the Board is replaced during any
12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board before the date of the appointment or election; 
 provided that, in any event, the transaction must constitute a “change in the effective control” of the Company within the meaning of Section 409A(a)(2)(A)(v) of the Code and
Treasury Regulations Section 1.409A-3(i)(5)(vi). 
 (2) The date any person or more than one person acting
as a group acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) all or substantially all of the Company’s assets; provided that the transaction must constitute
a “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5)(vii). 
 Notwithstanding the foregoing, in no event shall a Change in Control of the Company be deemed to have occurred if the Company undergoes a
strategic realignment of its businesses (such as a split-up or spin-off transaction), with or without a shareholder vote. 
 (e)
“Claimant” shall mean a Participant or Beneficiary. 
 (f) “Code” shall mean the
Internal Revenue Code of 1986, as it may be amended from time to time, or any successor statute. Reference to a specific section of the Code shall include a reference to any successor provision. 
 (g) “Company” shall mean First Community Bank of America and its successors. 
 (h) “Compensation” shall mean base salary, bonus and incentive compensation mounts received by a Participant from
the Company. Compensation shall not include any salary reductions made pursuant to a plan described in Section 125 or Section 401 (k) of the Code. Compensation shall not include any amounts realized from the exercise of a
non-qualified stock option or amounts realized from restricted stock or qualified stock options. 
  

 I-2 

 (i) “Early Retirement Age” shall mean the Participant’s
attainment of age 60. 
 (j) “Final Compensation” shall mean the Compensation received by the
Participant over the twelve months immediately preceding the Participant’s last day of full-time employment. 
 (k)
“Normal Retirement Age” shall mean the Participant’s attainment of age 65, or if later, the Participant’s age as of the date employment with the Company is terminated. 
 (I) “Participant” shall mean Kenneth Cherven. 
 (m) “Plan” shall mean the First Community Bank Deferred Compensation Plan hereby created and as it may be amended
from time to time. 
 (n) “Plan Administrator” shall mean a committee appointed by the Company, or if no
committee is appointed, the Company. 
 (o) “Plan Year” shall mean the 12-month period ending each
December 31. 
 (p) “Separation from Service” shall mean the Participant’s termination of
employment with the employer within the meaning of Section 409A(a)(2)(A)(i) of the Code and the default rules of Treasury Regulations Section 1.409A-1(h). For this purpose, the “employer” is the Company and every entity or other
person which collectively with the Company constitutes a single service recipient (as that term is defined in Treasury Regulations Sections 1.409A-1(g)) as the result of the application of the rules of Treasury Regulations Sections 1.409A-1 (h)(3).

 (q) “Total and Permanent Disability” shall mean the Participant is unable to engage in a substantial
gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; or by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and
health plan covering employees of the Participant’s Company. 
  

 I-3 

 ARTICLE II 
 Administration 
 (a) Plan
Administrator. 
 (1) The Plan Administrator shall have complete control and discretion to manage the
operation and administration of the Plan, with all powers necessary to enable it to carry out its duties in that respect. Not in limitation, but in amplification of the foregoing, the Plan Administrator shall have the following powers: 

(A) To determine all questions relating to the eligibility of Kenneth Cherven to participate or continue to participate in
the Plan; 
 (B) To maintain all records and books of account necessary for the administration of the Plan and
establish such accounting procedures as are necessary to administer the Plan; 
 (C) To interpret the provisions
of the Plan and to make and to publish such interpretive or procedural rules as are not inconsistent with the Plan and applicable law; 
 (D) To compute, certify and arrange for the payment of benefits to which the Participant or any Beneficiary is entitled; 
 (E) To process claims for benefits under the Plan by the Participant or any Beneficiary; 
 (F) To engage consultants and professionals to assist the Plan Administrator in carrying out its duties under this Plan; and

 (G) To develop and maintain such instruments as may be deemed necessary from time to time by the Plan
Administrator to facilitate payment of benefits under the Plan. 
 (2) The Plan Administrator may designate
employees of the Company to assist the Plan Administrator in the administration of the Plan and perform ministerial duties required of the Plan Administrator hereunder. 
 (b) Plan Administrator’s Authority. The Plan Administrator may consult with Company’s officers, legal and financial advisers and others, but nevertheless the Plan Administrator
shall have the full authority and discretion to act, and the Plan Administrator’s actions shall be final and conclusive on all parties. 
 (c) Claims and Appeal Procedure for Denial of Benefits. A Participant or Beneficiary (“Claimant”) may file with the Plan Administrator a written claim for benefits if the Claimant
determines the distribution procedures of the Plan have not provided him his proper interest in the Plan. The Plan Administrator must render a decision on the claim within a reasonable period of time of the Claimant’s written claim for
benefits.

  

 II-1 

 
The Plan Administrator must provide adequate notice in writing to the Claimant whose claim for benefits under the Plan the Plan Administrator has denied. Notice must be provided to the Claimant
within a reasonable period of time, but not later than 90 days (45 days in the case of a claim for disability benefits) after the receipt of a claim. If the Plan Administrator determines the additional time is needed, written notice will be
forwarded to the Participant prior to the expiration of the 90-day period (45 days in the case of a claim for disability benefits). The extension will not exceed 90 days (30 days in the case of a claim for disability benefits) from the end of the
initial period. The Plan Administrator’s notice to the Claimant must set forth: 
 (1) The specific reason
for the denial; 
 (2) Specific references to pertinent Plan provisions on which the Plan Administrator based its
denial; 
 (3) A description of any additional material and information needed for the Claimant to perfect his
claim and an explanation of why the material or information is needed; 
 (4) Appropriate information as to the
steps to be taken if the Claimant wants to submit the claim for review; and 
 (5) In the case of disability
benefits, where disability is determined by a physician appointed by the Plan Administrator, the specific basis for the determination of the physician. 
 Any appeal the Claimant wishes to make of an adverse determination must be made in writing to the Plan Administrator within sixty (60) days (or 180 days in the case of a claim for disability benefits
where the disability is determined by a physician chosen by the Plan Administrator) after receipt of the Plan Administrator’s notice of denial of benefits. The Plan Administrator’s notice must further advise the Claimant that his failure
to appeal the action to the Plan Administrator in writing will render the Plan Administrator’s determination final, binding and conclusive. The Plan Administrator’s notice of denial of benefits must identify the name and address of the
Plan Administrator to whom the Claimant may forward his appeal. 
 If the Claimant should appeal to the Plan Administrator, he,
or his duly authorized representative, must submit, in writing, whatever issues and comments he, or his duly authorized representative, believes are pertinent. The Claimant, or his duly authorized representative, may review pertinent Plan documents
free of charge. The Plan Administrator will re-examine all facts related to the appeal and make a final determination as to whether the denial of benefits is justified under the circumstances. The Plan Administrator must advise the Claimant of its
decision within 60 days following (45 days in the case of a claim for disability benefits) the Claimant’s written request for review. If the Plan Administrator determines the additional time is needed, written notice will be forwarded to the
Participant prior to the expiration of the 60-day period. The extension will not exceed 60 days (45 days in the case of a claim for disability benefits) from the end of the initial period. 
  

 II-2 

 ARTICLE III 
 Benefits 
 (a) Normal Retirement
Benefit. If the Participant retires on or after attaining his Normal Retirement Age, he will be entitled to receive an Accrued Benefit with an Actuarial Present Value equal to an annual income equal to 75% of the Participant’s Final
Compensation for the life of the Participant. This Accrued Benefit shall be paid in the manner described in paragraph (a) of Article IV. 
 (b) Early Retirement Benefit. If the Participant retires on or after attaining his Early Retirement Age, but prior to reaching his Normal Retirement Age, he will be entitled to receive an
Accrued Benefit with an Actuarial Present Value equal to an annual income equal to 60% of the Participant’s Final Compensation for the life of the Participant. This Accrued Benefit shall be paid in the manner described in paragraph (a) of
Article IV. 
 (c) Death Benefit. In the event of the death of a Participant prior to actual retirement, the
Participant’s Beneficiary shall be entitled to receive an Accrued Benefit with an Actuarial Present Value equal to an annual income equal to 60% of the Participant’s vested Accrued Benefit for the life of an individual with the same life
expectancy as the Participant, determined immediately prior to his death. 
 (d) Disability Benefit. In the event
a Participant has a Separation from Service by reason of a Total and Permanent Disability, such Participant shall be entitled to receive a benefit equal to his Accrued Benefit determined as of the date of his Separation from Service. This Accrued
Benefit shall be paid in the manner described in paragraph (a) of Article IV. 
 (e) Termination of Employment
Benefit. 
 (1) In the event that a Participant has a Separation from Service prior to his Early
Retirement Age for any reason (other than Total and Permanent Disability or death), the Participant shall be entitled to a benefit equal to his vested Accrued Benefit determined as of the date of his Separation from Service. This Accrued Benefit
shall be paid in the manner described in paragraph (a) of Article IV. 
 (2) In the event a Participant has
a Separation from Service for any reason prior to becoming fully vested, the Participant shall forfeit all nonvested benefits under this Plan. 
 (f) Change in Control Benefit. In the event the Participant is terminated from employment and has a Separation from Service within two years of a Change in Control, the Participant will be
entitled to an Accrued Benefit not less than his vested Accrued Benefit determined as of the date of the Change in Control. This Accrued Benefit shall be paid in the manner described in paragraph (a) of Article IV. 
  

 III-1 

 (g) Vesting. 
 (1) The Participant shall vest in accordance with the following vesting schedule: 
  

			
	 DATE
	  	VESTED
PERCENTAGE
	 Prior to July 1, 2010
	  	0%
	 July 1, 2010
	  	50%
	 July 1, 2011
	  	55%
	 July 1, 2012
	  	60%
	 July 1, 2013
	  	66%
	 July 1, 2014
	  	70%
	 July 1, 2015
	  	75%
	 July 1, 2016
	  	80%
	 July 1, 2017
	  	85%
	 July 1, 2018
	  	90%
	 July 1, 2019
	  	95%
	 On or after July 1, 2020
	  	100%

 (2)
Notwithstanding the foregoing, the Participant shall be fully vested upon attainment of Early Retirement Age or Normal Retirement Age or upon a Total and Permanent Disability. 
 (3) (A) Notwithstanding the foregoing, if a Participant’s employment is involuntarily terminated prior to July 1,
2014 for reasons other than “for cause” or the Participant is terminated prior to July 1, 2014 as a result of a Change in Control, he will be deemed to be 70% vested. 
 (B) If a Participant’s employment is involuntarily terminated “for cause,” he will be deemed to be 0% vested.

 (C) For purposes of this paragraph, if the Participant is terminated as a result of his criminal conduct or
misconduct involving moral turpitude, gross negligence in carrying out the directions of the Board of Directors of the Company, continued insubordination or intentional refusal to follow reasonable and legal directions of the Board, substance abuse
or intentional violation of conflicts of interest policies established by the Board, he shall be considered as being terminated “for cause.” 
 (h) Forfeitures. Forfeited amounts under this Plan shall remain the property of the Company or, if applicable, the trust established pursuant to Article V. 
  

 III-2 

 ARTICLE IV 
 Distribution of Benefits 
 (a) Time and
Form of the Distribution of Benefits. The benefit payable to the Participant pursuant to Article III shall be paid in the form of a single lump sum payment to the Participant (or, in the case of death, the Participant’s Beneficiary) in
an amount equal to the Actuarial Present Value of the Accrued Benefits described in Article III. Except as provided in subparagraph (c) below, this payment shall be made on the first day of the second month following the Participant’s
(1) death or (2) Separation from Service for any reason. 
 (b) Tax Withholding. The Company may
withhold, or require the withholding from any benefit payment which it is required to make, any federal, state or local taxes required by law to be withheld with respect to a benefit payment and such sum as the Company may reasonably estimate as
necessary to cover any taxes for which the Company may be liable and which may be assessed with regard to such payment. Upon discharge or settlement of such tax liability, the Company shall distribute the balance of such sum, if any, to a
Participant, or if a Participant is then deceased, to the Beneficiary of the Participant. Prior to making any payment hereunder, the Company may require such documents from any taxing authority, or may require such indemnities or surety bond, as the
Company shall reasonably deem necessary for its protection. 
 (c) Delayed Distribution for Specified Employees.
Notwithstanding the preceding subparagraph (a) of Article IV or any other provision in this Plan to the contrary, if the Participant is a “Specified Employee” of the Company (as defined in Treasury Regulation section 1.409A-1(i), at
the time of the Participant’s Separation from Service, then any amounts payable with respect to the Participant as a result of the Participant’s Separation from Service shall not be paid until the first business day of the seventh calendar
month following the date of the Participant’s Separation from Service, or, if earlier, within ninety (90) days following the Participant’s death. 
  

 IV-1 

 ARTICLE V 
 Financing 
 (a) Financing. The
benefits under this Plan, and the expenses of administering the Plan and maintaining any trust created pursuant to paragraph (d) of this Article V, may be paid out of the general assets of the Company or any trust. 
 (b) No Trust Created. Nothing contained in this Plan, and no action taken pursuant to the provisions of this Plan, shall
create or be construed to create a funded plan, a trust of any kind or a fiduciary relationship between the Company and a Participant, a Participant’s Beneficiary or any other person. 
 (c) Unsecured Interest. A Participant shall not have any interest whatsoever in any specific asset of the Company. To the
extent that any person acquires a right to receive payments under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. 
 (d) Establishment of Trust. 
 (1) The Company may establish one or more trusts substantially in conformance with the terms of the model trust described in Revenue Procedure 92-64 to assist in meeting its obligations to Participants
under this Plan. Except as provided in paragraph (b) above and the terms of the trust agreement, any such trust or trusts shall be established in such manner as to permit the use of assets transferred to the trust and the earnings thereon to be
used by the trustee solely to satisfy the liability of the Company in accordance with the Plan. 
 (2) The
Company, in its sole discretion, and from time to time, may make contributions to the trust. Unless otherwise paid by the Company, all benefits under the Plan and expenses chargeable to the Plan shall be paid from the trust. 
 (3) The powers, duties and responsibilities of the trustee shall be as set forth in the trust agreement and nothing contained
in the Plan, either expressly or by implication, shall impose any additional powers, duties or responsibilities upon the trustee. 
 (e) Alternative Funding Vehicles. In addition to, or in place of, creating and maintaining a rabbi trust, the Company may implement other financing arrangements for the purpose of paying some or all of the benefits provided
under this Plan. 
 (f) Subject to Claims. The Plan constitutes an unsecured promise by the Company to pay
benefits in the future. Participants employed by the Company shall have the status of general unsecured creditors of the Company. The Plan is unfunded for Federal tax purposes and for purposes of Title I of the Employee Retirement Income Security
Act of 1974. All amounts credited to the Participants’ Accounts will remain the general assets of the Company and shall remain subject to the claims of the Company’s creditors until such amounts are distributed to the Participants.

  

 V-1 

 ARTICLE VI 
 Amendment and Termination 
 (a) Amendment
and Termination. The Plan may be amended or terminated at any time, or from time to time, by the Company. Any such amendment or termination shall be ratified and approved by the Company’s board of directors. The ability of the Company
to terminate the Plan shall comply with Section 409A of the Code and the regulations thereunder. 
 (b) Effect of
Amendment or Termination. 
 (1) No amendment or termination of the Plan shall affect the rights of any
Participant with respect to any Accrued Benefits determined as of the date of such amendment or termination. 
 (2) In the event that the Plan is terminated, the Participant’s Accrued Benefit shall be distributed to the extent permitted under Section 409A of the Code. The timing and manner of the distribution of benefits in connection with
any termination of the Plan shall comply with Section 409A of the Code and the regulations thereunder. No payment of any Participant’s benefit under the Plan may be accelerated as a result of the termination of the Plan unless: 

(A) the Plan is terminated within the period of 30 days preceding or the 12 months following a “Change in
Control” event (as the term is defined in Treasury Regulations Section 1.409A-3(i)(5)); 
 (B) the Plan
is terminated within 12 months of a corporate dissolution or is terminated with the approval of a bankruptcy court overseeing a bankruptcy of the Company; 
 (C) The Company terminates this Plan and all other similar deferred compensation arrangements that would be aggregated with the Plan under Treasury Regulation Section 1.409A-1(c), provided that
(i) any benefits payable as a result of the termination (other than benefits that would have been payable under the terms of the Plan without regard to the termination) are not paid until at least 12 months after the date of termination of the
Plan, (ii) all benefit payments under the Plan are completed within 24 months after the date of termination of the Plan, and (iii) the Company does not adopt a new or replacement deferred compensation plan within 3 years after the date of
termination of the Plan. 
  

 VI-1 

 ARTICLE VII 
 Miscellaneous 
 (a) Payments to Minors
and Incompetents. If the Plan Administrator receives satisfactory evidence that a person who is entitled to receive any benefit under the Plan, at the time such benefit becomes available, is a minor or is physically unable or mentally
incompetent to receive such benefit and to give a valid release therefore, and that another person or an institution is then maintaining or has custody of such person, and that no guardian, or other representative of the estate of such person shall
have been duly appointed, the Plan Administrator may authorize payment of such benefit otherwise payable to such person to such other person or institution; and the release of such other person or institution shall be a valid and complete discharge
for the payment of such benefit. 
 (b) Plan Not a Contract of Employment. The Plan shall not be deemed to
constitute a contract between the Company and the Participant, nor to be consideration for the employment of a Participant. Nothing in the Plan shall give a Participant the right to be retained in the employ of the Company; the Participant shall
remain subject to discharge or discipline as an employee to the same extent as if the Plan had not been adopted. 
 (c)
Non-Alienation of Benefits. No benefit under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to do so shall be void. No benefit under the
Plan shall in any manner be liable for or subject to the debts, contracts, liabilities, engagements or torts of any person. If any person entitled to benefits under the Plan shall become bankrupt or shall attempt to anticipate, alienate, sell,
transfer, assign, pledge, encumber or charge any benefit under the Plan, or if any attempt shall be made to subject any such benefit to the debts, contracts, liabilities, engagements or torts of the person entitled to any such benefit, except as
specifically provided in the Plan, then such benefits shall cease and terminate at the discretion of the Plan Administrator. The Plan Administrator may then hold or apply the same or any part thereof to or for the benefit of such person or any
dependent or Beneficiary of such person in such manner and proportions as it shall deem proper. 
 (d) State Law.
This instrument shall be construed in accordance with and governed by the laws of the State of Florida, to the extent not superseded by the laws of the United States. 
 (e) No Interest in Assets. Nothing contained in the Plan shall be deemed to give any Participant any equity or other interest in the assets, business or affairs of the Company. No
Participant in the Plan shall have a security interest in assets of the Company used to make contributions or pay benefits. 
 (f) Recordkeeping. Appropriate records shall be maintained for the purpose of the Plan, subject to the supervision and control of the Plan Administrator. 
 (g) Gender. Throughout this Plan, and whenever appropriate, the masculine gender shall be deemed to include the feminine and
neuter; the singular, the plural; and vice versa. 
  

 VII-1 

 (h) Liability Limited. In administering the Plan neither the Plan
Administrator nor any officer, director or employee thereof, shall be liable for any act or omission performed or omitted, as the case may be, by such person with respect to the Plan; provided, that the foregoing shall not relieve any person of
liability for gross negligence, fraud or bad faith. The Plan Administrator, its officers, directors and employees shall be entitled to rely conclusively on all tables, valuations, certificates, opinions and reports that shall be furnished by any
actuary, accountant, trustee, insurance company, consultant, counsel or other expert who shall be employed or engaged by the Plan Administrator in good faith. 
 (i) Protective Provisions. Each Participant shall cooperate with the Plan Administrator by furnishing any and all information requested by the Plan Administrator in order to facilitate the
payment of benefits hereunder, taking such physical examinations as the Plan Administrator may deem necessary and taking such other relevant action as may be requested by the Plan Administrator. If a Participant refuses to cooperate or makes any
material misstatement of information or nondisclosure of medical history, then no benefits will be payable hereunder to such Participant or his Beneficiary, provided that, in the Plan Administrator’s sole discretion, benefits may be payable in
an amount reduced to compensate the Company for any loss, cost, damage or expense suffered or incurred by the Company as a result in any way of such action, misstatement or nondisclosure. 
 (J) Severability. The invalidity of any portion of this Plan shall not invalidate the remainder and the remainder shall
continue in full force and effect. 
 (k) Section 409A Compliance. The Company intends for this Plan to
conform in all respects to the requirements under Section 409A of the Code, the failure of which would result in the imposition or accrual of penalties, interest or additional taxes under Section 409A of the Code (the “Section 409A
Requirements”). Accordingly, the Company intends for this Plan to be interpreted, construed, administered and applied in a manner as shall meet and comply with the Section 409A Requirements, and in the event of any inconsistency
between this Plan and the Section 409A Requirements, this Plan shall be reformed so as to meet the Section 409A Requirements. Any reference in this Plan to Section 409A of the Code, or any subsection thereof, shall be deemed to mean
and include, to the extent then applicable and then in force and effect (but not to the extent overruled, limited or superseded), published rulings, notices and similar announcements issued by the Internal Revenue Service under or interpreting
Section 409A of the Code and regulations (proposed, temporary or final) issued by the Secretary of the Treasury under or interpreting Section 409A of the Code. 
  

 VII-2 

 IN WITNESS WHEREOF, this amendment and restatement of the Plan is effective as of the
date first written above and has been executed on the date written below. 
  

							
		 		 	FIRST COMMUNITY BANK OF AMERICA
				
	March 15, 2010	 		 	By:	 	/s/ Robert M. Menke
	Date	 		 		 	Robert M. Menke, Chairman

  

 VII-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]