Document:

EXHIBIT 10.2

 

MODIFICATION TO

REPUBLIC BANCORP, INC.

REPUBLIC BANK & TRUST COMPANY

 

OFFICER COMPENSATION CONTINUATION AGREEMENT

 

FOR IRC SECTION 409A

 

THIS MODIFICATION to the Officer Compensation
Continuation Agreement dated as of the 12th day of January, 1995 (“Agreement”)
by and between REPUBLIC BANCORP, INC. (“Company”),
REPUBLIC BANK & TRUST COMPANY (“Bank”)
and A. SCOTT TRAGER (“Executive”) revises
the Agreement so as to conform to section 409A of the Internal Revenue Code of
1986, as amended. The parties agree to modify the Agreement as follows:

 

A.

 

Effective January 1, 2005, the introductory paragraph (and only the
introductory paragraph) of Section 3.4 of the Agreement is hereby deleted and
the following inserted in lieu thereof:

 

3.4           Compensation Upon Termination.
If during a Contract Period the Executive’s employment shall be terminated by
the Bank other than pursuant to death or for Cause, or if the Executive shall
terminate his employment for Good Reason, then the Company shall continue to
pay, or the Company shall cause the Bank to continue to pay, for the remainder
of the Contract Period, the Executive’s Compensation in the same manner as if
employment had not terminated; provided,  however, that if the
Executive is a “key employee” within the meaning of Section 416(i) (but without
regard to Section 416(i)(5)) of the Internal Revenue Code of 1986, as amended,
at any time during the calendar year in which occurs the Executive’s separation
from service from the Bank (and the Company), and stock of the Company is
publicly traded on an established securities market or otherwise as of the date
of the Executive’s separation from service from the Bank (and the Company),
such payments to the Executive shall not commence earlier than six months
following the date of the Executive’s separation from service from the Bank
(and the Company). In the event of such delay, the initial payment to the
Executive shall include amounts that previously would have been paid to the
Executive under this Section 3.4, but for the delay on account of the Executive’s
status as a “key employee.”

 

 

B.

 

Except as specifically modified above, the Agreement shall remain
unchanged and, as modified herein, shall continue in full force and effect. This
Modification shall inure to the benefit of and be enforceable by the Executive’s
personal or legal representatives, executors, administrators, successors,
heirs, distributes, devisees and legatees. The validity, interpretation,
construction and performance of this Modification shall be governed by the laws
of the Commonwealth of Kentucky.

 

IN WITNESS WHEREOF, the Company and the Bank,
by their duly authorized officers, and the Executive have caused this
Modification to the Agreement to be executed this 15th day of
February, 2006, but to be effective as of January 1, 2005.

 

	
   

  	
  REPUBLIC
  BANCORP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  REPUBLIC
  BANK & TRUST COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  A. SCOTT
  TRAGER

  
					

 

2EXHIBIT 10.3

 

MODIFICATION TO

REPUBLIC BANCORP, INC.

REPUBLIC BANK & TRUST COMPANY

 

OFFICER COMPENSATION CONTINUATION AGREEMENT

 

FOR IRC SECTION 409A

 

THIS MODIFICATION to the Officer Compensation
Continuation Agreement dated as of the 12th day of January, 1995 (“Agreement”)
by and between REPUBLIC BANCORP, INC. (“Company”),
REPUBLIC BANK & TRUST COMPANY (“Bank”)
and BILL PETTER (“Executive”) revises the
Agreement so as to conform to section 409A of the Internal Revenue Code of
1986, as amended. The parties agree to modify the Agreement as follows:

 

A.

 

Effective January 1, 2005, the introductory paragraph (and only the
introductory paragraph) of Section 3.4 of the Agreement is hereby deleted and
the following inserted in lieu thereof:

 

3.4           Compensation Upon Termination.
If during a Contract Period the Executive’s employment shall be terminated by
the Bank other than pursuant to death or for Cause, or if the Executive shall
terminate his employment for Good Reason, then the Company shall continue to
pay, or the Company shall cause the Bank to continue to pay, for the remainder
of the Contract Period, the Executive’s Compensation in the same manner as if
employment had not terminated; provided,  however, that if the Executive
is a “key employee” within the meaning of Section 416(i) (but without regard to
Section 416(i)(5)) of the Internal Revenue Code of 1986, as amended, at any
time during the calendar year in which occurs the Executive’s separation from
service from the Bank (and the Company), and stock of the Company is publicly
traded on an established securities market or otherwise as of the date of the
Executive’s separation from service from the Bank (and the Company), such
payments to the Executive shall not commence earlier than six months following
the date of the Executive’s separation from service from the Bank (and the Company).
In the event of such delay, the initial payment to the Executive shall include
amounts that previously would have been paid to the Executive under this
Section 3.4, but for the delay on account of the Executive’s status as a “key
employee.”

 

 

B.

 

Except as specifically modified above, the Agreement shall remain
unchanged and, as modified herein, shall continue in full force and effect. This
Modification shall inure to the benefit of and be enforceable by the Executive’s
personal or legal representatives, executors, administrators, successors,
heirs, distributes, devisees and legatees. The validity, interpretation,
construction and performance of this Modification shall be governed by the laws
of the Commonwealth of Kentucky.

 

IN WITNESS WHEREOF, the Company and the Bank,
by their duly authorized officers, and the Executive have caused this
Modification to the Agreement to be executed this 15th day of
February, 2006, but to be effective as of January 1, 2005.

 

	
   

  	
  REPUBLIC
  BANCORP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  REPUBLIC
  BANK & TRUST COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BILL
  PETTER

  
					

 

2EXHIBIT 10.4

 

MODIFICATION TO

REPUBLIC BANCORP, INC.

REPUBLIC BANK & TRUST COMPANY

 

OFFICER COMPENSATION CONTINUATION AGREEMENT

 

FOR IRC SECTION 409A

 

THIS MODIFICATION to the Officer Compensation
Continuation Agreement dated as of the 12th day of January, 1995 (“Agreement”)
by and between REPUBLIC BANCORP, INC. (“Company”),
REPUBLIC BANK & TRUST COMPANY (“Bank”)
and DAVID VEST (“Executive”) revises the
Agreement so as to conform to section 409A of the Internal Revenue Code of
1986, as amended. The parties agree to modify the Agreement as follows:

 

A.

 

Effective January 1, 2005, the introductory paragraph (and only the
introductory paragraph) of Section 3.4 of the Agreement is hereby deleted and
the following inserted in lieu thereof:

 

3.4           Compensation Upon Termination.
If during a Contract Period the Executive’s employment shall be terminated by
the Bank other than pursuant to death or for Cause, or if the Executive shall
terminate his employment for Good Reason, then the Company shall continue to
pay, or the Company shall cause the Bank to continue to pay, for the remainder
of the Contract Period, the Executive’s Compensation in the same manner as if
employment had not terminated; provided,  however, that if the Executive
is a “key employee” within the meaning of Section 416(i) (but without regard to
Section 416(i)(5)) of the Internal Revenue Code of 1986, as amended, at any
time during the calendar year in which occurs the Executive’s separation from
service from the Bank (and the Company), and stock of the Company is publicly
traded on an established securities market or otherwise as of the date of the
Executive’s separation from service from the Bank (and the Company), such
payments to the Executive shall not commence earlier than six months following
the date of the Executive’s separation from service from the Bank (and the Company).
In the event of such delay, the initial payment to the Executive shall include
amounts that previously would have been paid to the Executive under this
Section 3.4, but for the delay on account of the Executive’s status as a “key
employee.”

 

 

B.

 

Except as specifically modified above, the Agreement shall remain
unchanged and, as modified herein, shall continue in full force and effect. This
Modification shall inure to the benefit of and be enforceable by the Executive’s
personal or legal representatives, executors, administrators, successors,
heirs, distributes, devisees and legatees. The validity, interpretation,
construction and performance of this Modification shall be governed by the laws
of the Commonwealth of Kentucky.

 

IN WITNESS WHEREOF, the Company and the Bank,
by their duly authorized officers, and the Executive have caused this
Modification to the Agreement to be executed this 15th day of
February, 2006, but to be effective as of January 1, 2005.

 

	
   

  	
  REPUBLIC
  BANCORP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  REPUBLIC
  BANK & TRUST COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  DAVID
  VEST

  
					

 

2

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