Document:

Executive Employment Agreement - William Reed Moraw

 Exhibit 10.9 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Executive Employment Agreement
(hereinafter designated “Agreement”) is made and entered into by and between WILLIAM REED MORAW (hereinafter designated “Employee”), an individual residing in Houston, Texas, and TOWN & COUNTRY
INSURANCE AGENCY, INC. (hereinafter designated “Company” or “T&C” or “Employer”), a Texas corporation and insurance producer business. T&C is a fully owned subsidiary of Encore
Bancshares, Inc. (hereinafter designated “Encore”) and affiliated company of Encore Bank, N.A. 
 AGREEMENT

 WHEREAS, Employer and Employee entered into an Executive Employment Agreement, which was executed on April 7, 2008
(“Original Agreement”); and 
 WHEREAS, Employer and Employee desire to enter into a new Agreement effective
January 1, 2012 which replaces the Original Agreement from January 1, 2012 going forward. 
 NOW, THEREFORE, in
consideration of the covenants hereinafter set forth and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1. Employment. 

(a) Agreement. Subject to the terms and conditions hereinafter stated, Company hereby employs Employee, and Employee hereby
accepts such employment. 
 (b) Term. The term of employment under this Agreement shall commence on
January 1, 2012, and continue to December 31, 2016, unless terminated sooner as provided in the Agreement. After the initial term, the Agreement shall be renewed for additional one (1) year periods unless the Company gives notice to
Employee or Employee gives notice to Company that the Agreement shall not be renewed. 
 (c) Position and Duties of
Employee. Employee shall serve as President of T&C. Employee shall be responsible for meeting the Company’s performance criteria and business projections, and shall perform faithfully and diligently the duties and responsibilities
of his position, including, without limitation, operational responsibility for Company business, including the oversight of sales, marketing, promotion, strategic planning and development. Employee further agrees to perform such duties as are
reasonably designated by the person or persons to whom Employee reports or that are customarily associated with Employee’s position. During the term of this Agreement, Employee shall report to the Chairman and CEO of Encore, Jim
D’Agostino, or his successor, and any other persons designated by Encore. 
 (d) Full-Time Employment. During
the term hereof, the Employee shall devote his full business time and his best efforts, business judgment, skill and knowledge exclusively to the advancement of the business and interests of the Company and to the discharge of his duties and
responsibilities hereunder, except that the Employee may devote a reasonable amount of time to charitable endeavors and to personal business affairs to the extent that such exceptions do not 

 
interfere with the Employee’s responsibilities to the Company and the Company’s Affiliates. As used in this Agreement, “Affiliates” means all persons and entities
directly or indirectly controlling, controlled by or under common control with the Company or Encore, where control may be by management authority, equity interest or otherwise. 

(e) Place of Performance; Facilities. Employee shall perform his job in Houston, Harris County, Texas and shall not have to
render services at another location except on a temporary basis. Employee will undertake such travel as is necessary or advisable to perform Employee’s duties hereunder. 
 2. Compensation and Benefits. 
 (a) Salary. As
compensation for services rendered hereunder, Employee will be entitled to an annual base salary (hereinafter designated “Base Salary”) of two hundred fifty eight thousand seven hundred eighteen dollars ($258,718) payable in equal
bi-monthly installments. Employee will be entitled to receive additional compensation increases to the Base Salary as determined and paid in the Company’s sole and absolute discretion; provided, however, that the Base Salary shall be increased
by at least two percent (2%) annually beginning on January 1, 2013. 
 (b) Annual Bonus. For each calendar year during
the Term, the Company shall pay to Employee an annual bonus (the “Annual Bonus”). The Annual Bonus will be based upon the performance of the Company and will be agreed upon by Employee and the Chairman of Encore and will not exceed
one half of the then current Base Salary. The Annual Bonus for a calendar year, if any, shall be paid in one lump sum in cash with respect to 50% of the amount of such bonus, during the calendar year immediately following the calendar year to which
the Annual Bonus relates, no later than March 31 of such year. The remaining 50% of the amount of the Annual Bonus shall be paid to Employee in the form of restricted shares of the Company’s common stock in the form of an award under the
Encore Bancshares, Inc. 2008 Stock Awards and Incentive Plan or successor stock incentive plans as determined by the Company. Except as otherwise provided herein, Employee shall not receive the Annual Bonus if his employment with the Company
terminates prior to the date on which the Annual Bonus is paid; provided, however, that if the Employee’s employment is terminated after the last day of the calendar year for which the Annual Bonus is calculated but prior to the date on which
the Annual Bonus is paid and either (i) Employee’s employment is terminated pursuant to Section 3(d) (by the Company other than for Cause), or (ii) Employee’s employment is terminated pursuant to Section 3(f) (by
Employee for Good Reason), then the Employee shall be entitled to the full amount of the Annual Bonus for the previous calendar year and a prorated amount of the Annual Bonus for the current calendar year calculated in accordance with Section 3.

 (c) Commissions. Employee shall receive commissions (“Commissions”) on business produced by
Employee as follows: (i) 25% commission on all renewal business produced by Employee, and (ii) additional 20% commission on new business produced by Employee (new business is considered new policies written, not increased premium on policies
already in force). Commissions shall be paid promptly upon receipt of premiums by the Company. 

  
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 (d) Automobile Allowance. During the term of Employee’s employment
hereunder, the Company shall pay to Employee a monthly automobile allowance of $1000. 
 (e) Business Expenses.
During the term of Employee’s employment hereunder, subject to such policies regarding expenses and expense reimbursement as may be adopted from time to time by the Company and compliance therewith by the Employee, the Company shall pay or
reimburse the Employee for all reasonable business expenses incurred or paid by the Employee in the performance of his duties, with limits and other restrictions on such expenses as may be set by the Company and further subject to such reasonable
substantiation and documentation as may be specified by the Company from time to time. The amount of expenses eligible for reimbursement during a particular calendar year shall not affect the expenses eligible for reimbursement during any other
calendar year or be affected by the expenses incurred in any other calendar year. Any reimbursements pursuant to this paragraph shall be made no later than the last day of the calendar year immediately following the calendar year in which Employee
incurs such expenses. To the extent that Employee does not timely submit the proper substantiation and documentation to allow the Company to pay the reimbursement by the time set forth in the preceding sentence, such amounts shall not be reimbursed.
Employee’s right to reimbursement under this paragraph shall not be subject to liquidation or exchange for another benefit. 
 (f) Other Benefits. Employee shall be entitled to participate in each plan established to provide benefits to employees of the Company, as described in the employee handbook that will be
provided by the Company to Employee; provided, however, that Employee will be subject to the eligibility criteria established for such plans, and Employee shall receive benefits thereunder based on the terms of each plan. Employee’s eligibility
and benefit level shall be determined separately for each plan and all determinations shall be made by the parties charged with responsibility for such determinations in the plan. 
 3. Termination. Notwithstanding anything to the contrary contained in this Agreement, the Employee’s employment hereunder may be terminated during the term of this Agreement as follows:

 (a) Death. In the event of the Employee’s death during the term hereof, the Employee’s employment
shall immediately and automatically terminate. In such event, the Company shall pay to the Employee’s designated beneficiary or, if no beneficiary has been designated by the Employee, to his estate: (i) any earned and unpaid Base Salary,
prorated through the date of the Employee’s death; (ii) the Annual Bonus to which the Employee would have been entitled under Section 2 hereof, based on the Company’s net income for the calendar year in which the Employee’s
death occurs, prorated to the date of the Employee’s death; (iii) Commissions in accordance with Section 2(c), and (iv) reimbursement in accordance with Section 2(f) for any business expenses for which the Employee has not
yet been reimbursed. The earned and unpaid Base Salary shall be paid upon the next regularly scheduled bi-monthly payday after Employee’s death. The Annual Bonus shall be paid in the calendar year immediately following the calendar year in
which Employee dies, no later than March 31, and shall be paid entirely in cash, with no right to restricted shares of the Company’s common stock. The Commissions shall be paid in accordance with Section 2(c). 

  
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 (b) Disability. 

(i) The Company may terminate the Employee’s employment hereunder, upon notice to the Employee, in the event of
excessive absenteeism or the Employee’s disability from performing the essential requirements of the job with or without reasonable accommodation. In such event, the Company shall pay the Employee the following: (a) any earned and unpaid
Base Salary, prorated through the date of termination; (b) the Annual Bonus to which the Employee would have been entitled under Section 2 hereof, based on the Company’s net income for the calendar year in which the termination
occurs, prorated to the date of termination; (c) Commissions in accordance with Section 2(c); and (d) reimbursement in accordance with Section 2(f) for any business expenses for which the Employee has not yet been reimbursed. The
earned and unpaid Base Salary shall be paid upon the next regularly scheduled bi-monthly payday after the date of Employee’s termination of employment. The Annual Bonus compensation shall be paid in the calendar year immediately following the
calendar year in which the termination occurs, no later than March 31, and shall be paid entirely in cash, with no right to restricted shares of the Company’s common stock. The Commissions shall be paid in accordance with
Section 2(c). 
 (ii) If any question shall arise as to whether during any period the Employee is disabled
through any illness, injury, accident or condition of either a physical or psychological nature so as to be unable to perform the essential requirements of the job, the Employee may, and at the request of the Company shall, submit to a medical
examination by a physician selected by the Company to whom the Employee or his duly appointed guardian, if any, has no reasonable objection to determine whether the Employee is so disabled, and such determination shall for purposes of this Agreement
be conclusive of the issue. If such question shall arise and the Employee shall fail to submit to such a medical examination, the Company’s determination of the issue shall be binding on the Employee. 

(c) By the Company for Cause. The Company may terminate the Employee’s employment hereunder for Cause at any time upon
notice to the Employee. The following shall constitute Cause for termination: 
 (i) neglect in the performance
of the Employee’s duties and responsibilities to the Company and its Affiliates; provided, however, that Employee shall not be terminated unless the Company has provided Employee with 30 days advance written notice describing the neglect of
Employee and Employee fails to cure such neglect within such 30 day period; or 
 (ii) the engaging of the
Employee in the misappropriation of funds, properties or assets of the Company or any of its Affiliates, intentional tort(s), fraud or other dishonesty with respect to the Company or any of its Affiliates, or other misconduct that is reasonably
likely to be harmful to the business interests or reputation of the Company or any of its Affiliates; or 

  
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 (iii) drug or alcohol abuse; or 

(iv) the Employee’s conviction of a crime constituting a felony, including the entry of a plea of guilty or no
contest by the Employee to a charge of a crime constituting a felony; or 
 (v) breach by the Employee of this
Agreement (other than Section 7 or 8); provided, however, that Employee shall not be terminated unless the Company has provided Employee with 30 days advance written notice describing the breach and Employee fails to cure such breach within
such 30 day period; or 
 (vi) breach by the Employee of the restrictive covenants contained in Section 7 or
8 hereof. 
 Upon the giving of notice of termination of the Employee’s employment hereunder for Cause, the Company shall have no further
obligation or liability to the Employee nor to his beneficiary or estate, other than for Base Salary earned and unpaid to the date of termination and reimbursement in accordance with Section 2(f) for any business expenses for which the Employee
has not yet been reimbursed. The earned and unpaid Base Salary shall be paid within six (6) calendar days of the date of Employee’s termination of employment. 

(d) By the Company Other Than for Cause. The Company may terminate the Employee’s employment
hereunder other than for Cause at any time upon 60 days advance written notice to the Employee. In the event of such termination, then, on the 60th day following the effective date of the Employee’s termination, the Company shall pay the Employee a single lump
sum amount equal to the sum of one year’s Base Salary at the rate in effect on the date of termination; provided, however, that the Company’s obligations to make payments hereunder are conditioned on the Employee’s execution of a
general release in favor of the Company in such form as the Company shall specify, and the expiration of any period for revocation of the release prior to the payment date. In addition to the foregoing, the Company shall pay the Employee:
(i) any Base Salary earned and unpaid, prorated through the date of termination; (ii) the Annual Bonus to which the Employee would have been entitled under Section 2 hereof, based on the Company’s net income for the calendar year
in which the termination occurs, prorated to the date of termination; (iii) Commissions in accordance with Section 2(c); and (iv) reimbursements in accordance with Section 2(f) for any business expenses for which the Employee has
not yet been reimbursed. The earned and unpaid Base Salary shall be paid within six (6) calendar days of the date of Employee’s termination of employment. The Annual Bonus shall be paid in the calendar year immediately following the
calendar year in which the termination occurs, no later than March 31, and shall be paid entirely in cash, with no right to restricted shares of the Company’s common stock. The Commissions shall be paid in accordance with
Section 2(c). 
 (e) By the Employee for Other Than Good Reason. The Employee may terminate his employment
hereunder at any time upon 60 days advance written notice to the Company. In the event of termination by the Employee pursuant to this Section 3(e), the Company may elect 

  
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to waive the period of notice, or any portion thereof, and, if the Company so elects, the Company will pay the Employee the Base Salary for the notice period (or for any remaining portion of that
period). Upon termination of the Employee’s employment pursuant to this Section 3(e), the Company shall have no further obligation or liability to the Employee nor to his beneficiary or estate, other than for Base Salary earned and unpaid,
prorated to the date of termination, and reimbursement in accordance with Section 2(f) for any business expenses for which the Employee has not yet been reimbursed. The earned and unpaid Base Salary shall be paid upon the next regularly
scheduled bi-monthly payday after the date of Employee’s termination of employment. 
 (f) By the Employee for Good
Reason. The Employee may terminate his employment hereunder for Good Reason (defined below), provided that the Employee provides written notice to the Company, setting forth in reasonable detail the nature of such Good Reason, within sixty
(60) days of the occurrence of the circumstances giving rise to the Good Reason; the Company fails to cure within forty-five (45) days following its receipt of such notice; and the Employee thereupon gives fifteen (15) days’
written notice of termination. For purposes of this Section 3(f), “Good Reason” shall mean any act or omission identified below to which the Employee does not consent and which does not occur in connection with the replacement
of the Employee during any period of disability or termination of the Employee’s employment for Cause or disability, as provided in this Agreement. The following shall constitute “Good Reason” for termination by the Employee:

 (i) Any (A) failure to designate or redesignate the Employee as, or (B) removal of the Employee from
the position of, President of T&C; or 
 (ii) any substantial, objectively demonstrable failure by the
Company to materially comply with the provisions of Section 2 above. 
 In the event of a termination
by the Employee in accordance with this Section 3(f), then, on the 60th day following the effective date of the Employee’s termination, the Company shall pay the Employee a single lump sum amount equal to one hundred thousand dollars ($100,000.00); provided, however,
that the Company’s obligations to make payments hereunder are conditioned on the Employee’s execution of a general release in favor of the Company in such form as the Company shall specify, and the expiration of any period for revocation
of the release prior to the payment date. In addition to the foregoing, the Company shall pay the Employee: (i) any Base Salary earned and unpaid, prorated through the date of termination, (ii) the Annual Bonus to which the Employee would
have been entitled under Section 2 hereof, based on the Company’s net income for the calendar year in which the termination occurs, prorated to the date of termination, (iii) Commissions in accordance with Section 2(c), and
(iv) reimbursements to the Employee in accordance with Section 2(f) for any business expenses for which the Employee has not yet been reimbursed. The earned and unpaid Base Salary shall be paid upon the next regularly scheduled bi-monthly
payday after the date of Employee’s termination of employment. The Annual Bonus shall be paid in the calendar year immediately following the calendar year in which the termination occurs, no later than March 31, and shall be paid entirely
in cash, with no right to restricted shares of the Company’s common stock. The Commissions shall be paid in accordance with Section 2(c). 

  
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 (g) Change in Control. The Employee may terminate his employment hereunder for
Change in Control, provided that the Employee provides (30) days advance written notice of termination to the Company, within sixty (60) days of Change in Control. 
 A Change of Control means the occurrence hereafter of one of the following events: (I) any “person,” as such term is used in Sections 3(a)(9) and 13(d) of the Securities Exchange Act
of 1934, as amended (the “Act”), becomes a “beneficial owner,” as such term is used in Rule 13d-3 promulgated under the Act, of fifty percent (50%) or more of the voting stock of the Company, other than Encore and its
affiliates; (II) the Company adopts any plan of liquidation providing for distribution of all or substantially all of its assets; (III) all or substantially all of the assets or business of the Company is disposed of pursuant to a merger,
consolidation or other transaction (unless the shareholders of the Company immediately prior to such merger, consolidation or other transaction beneficially own, directly or indirectly, in substantially the same proportion as they owned the voting
stock of the Company, all of the voting stock or other ownership interests of the entity or entities, if any, that succeed to the business of the Company); or (IV) the Company combines with another company and is the surviving corporation but,
immediately after the combination, the Company or its shareholders immediately prior to the combination hold, directly or indirectly, fifty percent (50%) or less of the voting stock of the combined company (there being excluded from the number
of shares held by such shareholders, but not from the voting stock of the combined company, any shares received by affiliates of such other company in exchange for stock of such other company). 

In the event of a termination by the Employee in accordance with this Section 3(g), then the Employee shall be entitled to the
following: 
 (i) a lump sum payment in cash equal to two (2) times the Employee’s
Base Salary in effect at the time of termination of employment, plus any accrued but unused paid time off benefit, plus any benefits or awards which pursuant to the terms of any plans have been earned or become payable, but which have not been paid
to the Employee. The amount payable under this paragraph (i) shall be paid on the 60th day following the date of the Employee’s termination of employment, provided that the Employee has executed a general release in favor of the Company in such form as the Company shall specify, and
any period for revocation of the release has expired prior to the payment date; 
 (ii) for a period of two
(2) years after the date of termination of the Employee’s employment, comparable benefits equal in value to each life, health, accident, or disability benefit to which the Employee was entitled (through insurance, direct reimbursement, or
otherwise) and at the same cost to the Employee as immediately before the date of termination of employment. The value and comparability of the foregoing benefits shall be determined individually rather than in the aggregate, and shall be compared
after subtracting applicable income and employment taxes. With respect to all benefits under this paragraph (ii) provided in the form of a reimbursement, the Employee must provide the appropriate documentation in support of the expenses to the
Company no later than November 15 of the calendar year following the calendar year in which the expense was incurred. The reimbursement shall be paid to the Employee by the Company as soon as administratively practicable after receipt of such
documentation, 

  
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but in no event shall reimbursements be paid later than the last day of the calendar year following the calendar year in which the expense was incurred. Notwithstanding anything to the contrary,
to the extent required by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”): (1) the amount of expenses eligible for reimbursement or to be provided as an in-kind benefit under this Agreement during a
calendar year may not affect the expenses eligible for reimbursement or to be provided as an in-kind benefit in any other calendar year, and (2) the right to reimbursement or in-kind benefits under this Agreement shall not subject to
liquidation or exchange for another benefit; 
 (iii) (A) payment of any Base Salary earned and unpaid, prorated
through the date of termination, (B) the Annual Bonus to which the Employee would have been entitled under Section 2 hereof, based on the Company’s net income for the calendar year in which the termination occurs, prorated to the date
of termination, (C) Commissions in accordance with Section 2(c), and (D) reimbursement in accordance with Section 2(f) for any business expenses for which the Employee has not yet been reimbursed. The earned and unpaid Base
Salary shall be paid upon the next regularly scheduled bi-monthly payday after the date of Employee’s termination of employment. The Annual Bonus shall be paid in the calendar year immediately following the calendar year in which the
termination occurs, no later than March 31, and shall be paid entirely in cash, with no right to restricted shares of the Company’s common stock. The Commissions shall be paid in accordance with Section 2(c). 

(h) No Mitigation: No Offset. In the event of any termination of employment, the Employee shall be under no obligation to
seek other employment and there shall be no offset against amounts due him under this Agreement on account of any remuneration attributable to any subsequent employment that he may obtain. 

(i) Post-Agreement Employment. In the event the Employee remains in the employ of the Company or any of its Affiliates
following termination of this Agreement, by the expiration of the term or otherwise, then such employment shall be at will. 

(j) Code Section 409A. 
 (i) Notwithstanding any provision of this Agreement to the contrary, if at the time of the Employee’s termination of employment the Employee is a “specified employee” as defined in
Section 409A of the Code, then to the extent that any amount to which the Employee is entitled in connection with the termination of his employment is subject to Section 409A of the Code, payments of such amounts to which the Employee
would otherwise be entitled during the six (6) month period following the Employee’s termination of employment will be accumulated and paid in a lump sum on the first day of the seventh month after the date of the Employee’s
termination of employment. This paragraph shall apply only to the extent required to avoid the Employee’s incurrence of any additional tax or interest under Section 409A of the Code. 

  
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 (ii) Notwithstanding any provision of this Agreement to the contrary, to the
extent that any payment under the terms of this Agreement would constitute an impermissible acceleration of payments under Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder, such payments shall be made no
earlier than at such times allowed under Section 409A of the Code. 
 (iii) If any provision of this
Agreement (or of any award of compensation) would cause the Employee to incur any additional tax or interest under Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder, the Company or its successor may reform
such provision; provided that it will (i) maintain, to the maximum extent practicable, the original intent of the applicable provision without violating the provisions of Section 409A of the Code and (ii) notify and consult with the
Employee regarding such amendments or modifications prior to the effective date of any such change. 
 4. Effect of Termination.

 (a) In the event of termination of the Employee’s employment hereunder, payment by the Company in accordance with the
applicable provision of Section 3 above shall constitute the entire obligation of the Company to the Employee. Except as otherwise expressly provided for in this Agreement, and except for any right that the Employee may have to continue
participation in the Company’s group medical and/or dental plan at his cost under applicable law, the Employee’s participation in the Company’s benefit plans shall terminate pursuant to the terms of the applicable benefit plans based
on the date of termination of the Employee’s employment, without regard to any continuation of Base Salary or other payment to the Employee following such date of termination. 

(b) Provisions of this Agreement shall survive termination of this Agreement, by expiration of the term or otherwise, if so provided
herein or if necessary or desirable to accomplish the purposes of other surviving provisions, including without limitation the obligations of the Employee under Sections 7 and 8 hereof. The obligation of the Company to make payments to or on
behalf of the Employee under Section 3 hereof is expressly conditioned upon the Employee’s continued full performance of his obligations under Sections 7 and 8. The Employee recognizes that, except as expressly provided herein, no
compensation is earned after termination of employment. 
 5. Conflicting Agreements. The Employee hereby represents and warrants
that the execution of this Agreement and the performance of his obligations hereunder will not breach or be in conflict with any other agreement to which the Employee is a party or is bound, and that the Employee is not now subject to any covenants
against competition or similar covenants that would affect the performance of his obligations hereunder. The Employee will not disclose to or use on behalf of the Company any proprietary information of a third party without such party’s
consent. 
 6. Withholding. All payments made by the Company under this Agreement shall be reduced by any tax or other amounts
required to be withheld by the Company under applicable law. 

  
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 7. Confidential Information. 

(a) The Employee acknowledges that the Company and its Affiliates continually develop Confidential Information and that the Employee may
develop Confidential Information for the Company and its Affiliates. Contemporaneously with the execution of this Agreement and prior to Employee’s termination, the Company agrees to provide Employee with access to the Company’s
Confidential Information and the opportunity to develop goodwill and establish rapport with the Company’s customers in a greater quantity and/or expanded nature than may already have been provided to Employee. The Employee will comply with the
policies and procedures of the Company for protecting Confidential Information and shall never use or disclose to any person, corporation or other entity (except as required by applicable law or for the proper performance of his regular duties and
responsibilities for the Company and its Affiliates) any Confidential Information obtained by the Employee incident to his employment or other association with the Company or any of its Affiliates. The Employee understands that this restriction
shall continue to apply after his employment terminates, regardless of the reason for such termination. For purposes of this Agreement, “Confidential Information” means any and all information of the Company and its Affiliates or
concerning the business, clients or affairs of the Company or any of its Affiliates, that is not generally known by others with whom any of them compete or do business, or with whom any of them plan to compete or do business. “Confidential
Information” includes, without limitation, information with respect to Company or its Affiliates as follows: the identity, lists and/or descriptions of any customers or suppliers (including the names of the contact persons associated with
said customers or suppliers); financial statements, cost reports, or other financial information; product or service pricing information; contract proposals and bidding information; business opportunities or policies and procedures developed as part
of a confidential business plan; management production and marketing systems and procedures, including manuals and supplements thereto; any other information related to past, current or potential customers or suppliers, including, but not limited
to, any and all information contained in individual files regarding same. 
 (b) All documents, records, tapes and other media
of every kind and description relating to the business, present or otherwise, of the Company and its Affiliates and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the Employee, shall be the
sole and exclusive property of the Company and its Affiliates. The Employee shall safeguard all Documents and shall surrender all Documents to the Company at the time his employment terminates, or at such earlier time or times as the Company or its
designee may specify. 
 8. Restricted Activities. The Employee expressly recognizes that the employees, general agents and agents
of the Company and its Affiliates are important and critical aspects of their ability to operate profitably. The Employee, therefore, further agrees that, while he is employed by the Company, other than in the course of performing his duties
hereunder, and for a period of: (i) if the Employee’s employment is terminated pursuant to Section 3(d) (by the Company other than for Cause), one (1) year following termination of his employment, or (ii) if the
Employee’s employment is terminated pursuant to Section 3(f) (by the Employee for Good Reason), no additional time following termination of his employment, or (iii) if the Employee’s employment is terminated for any reason other
than pursuant to either Section 3(d) or Section 3(f), two (2) years following the termination of his employment (the “Non-Competition Period”): 

  
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 (a) Non-Solicitation of Employees. Employee shall not, directly or indirectly:

 (i) hire or solicit for hiring any employee of the Company or any of its Affiliates or seek to persuade any
employee of the Company or any of its Affiliates to discontinue employment; 
 (ii) hire or solicit for hiring
any employee of any general agent of the Company or any of its Affiliates; or 
 (iii) solicit or encourage any
general agent or other independent contractor providing services to the Company or any of its Affiliates to terminate or diminish its relationship with them. 
 (b) Non-Compete. During the term of his employment the Company shall provide Employee with Confidential Information. To induce the Company to enter this Agreement and as consideration for
the Company’s promise to provide confidential information, Employee agrees that Employee shall not, directly or indirectly, either as an employee, consultant, agent, principal, partner, stockholder, member, manager, corporate officer, director,
or in any other individual or representative capacity, engage or participate in any business that is similar to that of the Company, including, but not limited to, insurance producer business, or that is in direct competition in any manner
whatsoever with the Company within Harris County, Texas and Galveston County, Texas (hereinafter collectively designated the “Restricted Area”). 
 (c) Non-Solicitation of Customers. Employee shall not, directly or indirectly, (i) solicit or negotiate any contract or agreement that constitutes or would constitute engaging in
competition with the Company within the Restricted Area or (ii) solicit, take away, attempt to solicit or take away, or do any act the foreseeable consequences of which would lead to the solicitation or taking away of any marketing prospects,
customers or suppliers of Company within the Restricted Area. 
 9. Enforcement of Covenants. In signing this Agreement, the
Employee gives the Company assurance that he has carefully read and considered all the terms and conditions of this Agreement, including the restraints imposed on him under Sections 7 and 8 hereof. The Employee agrees without reservation that
these restraints are necessary for the reasonable and proper protection of the Company and its Affiliates; that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area; and that these
restraints will not prevent him from obtaining other suitable employment during the Non-Competition Period. The Employee further agrees that, were he to breach any of the covenants contained in Section 7 or 8 hereof, the damage to the Company
and its Affiliates would be irreparable. The Employee therefore agrees that the Company, in addition to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against any breach or threatened breach by
the Employee of any of those covenants, without having to post bond, and that he will not take, and he will not permit anyone else to take on his behalf, any position in a court or any other forum inconsistent with any of his covenants relating to
this Section 9. The Employee and the Company further agree that, in the event that any provision of Section 7 or 8 is 

  
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determined by any court of competent jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a geographic area or too great a range of activities, that
provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law. It is also agreed that each of the Company’s Affiliates shall have the right to enforce all of the Employee’s obligations to that
Affiliate under this Agreement, including without limitation pursuant to Sections 7 and 8 hereof. If Employee is found to have breached any promise made in Sections 7 or 8 hereof, the two year period specified in Section 8of the
Agreement shall be extended by the period of time for which Employee was in breach. 
 10. Law Governing. This Agreement and all
issues relating to the validity, interpretation, and performance hereof shall be governed by and interpreted under the laws of the State of Texas. The parties hereby consent to jurisdiction and venue in any court of competent jurisdiction in Harris
County, Texas, or the United States District Court having jurisdiction in Harris County, Texas. 
 11. Notices. Any notice or
request herein required or permitted to be given to any party hereunder shall be given in writing and shall be personally delivered or sent to such party by United States mail at the address set forth below the signature of such party hereto or at
such other address as such party may designate by written communication to the other party in accordance with this Section 11. Each notice given in accordance with this Section 11 shall be deemed to have been given, if personally
delivered, on the date personally delivered, or, if mailed, on the third business day following the day on which it is deposited in the United States mail, certified or registered mail, return receipt requested, with postage prepaid, to the address
last given in accordance with this Section 11. 
 12. Assignment. The Company may assign its rights, duties and obligations
under this Agreement without the approval or consent of the Employee. This Agreement is personal in its nature, thus the Employee may not make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the
prior written consent of the Company. This Agreement shall inure to the benefit of and be binding upon the Company and the Employee, their respective successors, executors, administrators, heirs and permitted assigns. 

13. Severability. If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of
competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion
and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 
 14. Waiver. No waiver of
any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of either party to require the performance of any term or obligation of this Agreement, or the waiver by either party of any breach of this
Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 

  
 -12-

 15. Headings. The headings of the Sections of this Agreement have been inserted for
convenience of reference only and shall not be construed or interpreted to restrict or modify any of the terms or provisions hereof. 
 16.
Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of each party hereto and each party’s respective successors, heirs, assigns, and legal representatives. 

17. Company Policies, Regulations, and Guidelines for Employees. The Company may issue policies, rules, regulations, guidelines,
procedures, or other informational material, whether in the form of handbooks, memoranda, or otherwise, relating to its employees. 
 18.
Entire Agreement. This Agreement embodies the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral,
relating to the subject matter hereof, unless expressly provided otherwise herein. No amendment, modification, or termination of this Agreement, unless expressly provided otherwise herein, shall be valid unless made in writing and signed by each of
the parties whose rights, duties, or obligations hereunder would in any way be affected by and amendment, modification, or termination. No representations, inducements, or agreements have been made to induce either Employee or Company to enter into
this Agreement which are not expressly set forth herein. This Agreement is the sole source of rights and duties as between Company and Employee relating to the subject matter of this Agreement. 

19. Multiple Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall in such event be
deemed an original, but all of which together shall constitute one and the same instrument. 
 20. No Presumption Regarding
Drafter. Each of the parties hereto acknowledge and agree that the terms and provisions of this Agreement have been negotiated and discussed among the parties, and that this Agreement reflects the parties’ mutual agreement regarding the
subject matter of this Agreement. Because of the nature of such negotiations and discussions, neither of the parties shall be deemed to be the drafter of the Agreement, and therefore no presumption for or against the drafter shall be applicable in
interpreting or enforcing this Agreement. 
 21. Time is of the Essence. Time shall be of the essence of this Agreement whenever
time limits are imposed herein for the performance of any obligation by either the Employee or Company, including the giving of notice. 

  
 -13-

 EXECUTED as of the 5th day of January, 2012. 

 

			
	 EMPLOYEE:
  

/s/ William Reed
Moraw                        
 WILLIAM REED MORAW
     6202 Bissell Road

    Manvel, Texas 77578
	  	 EMPLOYER COMPANY:
  

TOWN & COUNTRY INSURANCE AGENCY, INC.
  

By: /s/ James S. D’Agostino, Jr.                

Name: James S. D’Agostino, Jr.                

Title:
Chairman                                        
  
       9 Greenway Plaza, Suite 1000
       Houston, Texas 77046

  
 -14-Letter Change-in-Control Agreement - Patrick Oakes

 Exhibit 10.13 
 March 1, 2012 
 Mr. Patrick T. Oakes 

1635 Kelliwood Oaks Drive 
 Katy, TX 77450

 Dear Patrick: 

Encore Bancshares, Inc. (the “Company”) considers the establishment and maintenance of a sound and vital management to be
essential to protecting and enhancing the best interests of the Company and its shareholders. In this connection, the Company recognizes that the possibility of a Change in Control may exist and that such possibility, and the uncertainty and
questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and its shareholders. Accordingly, the Company’s Board of Directors (the “Board”)
determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company’s management, including yourself, to their assigned duties without distraction in the face of the
potentially disturbing circumstances arising from the possibility of a Change in Control of the Company. 
 In order to induce
you to remain in the employ of the Company or such subsidiary thereof by which you are employed (the “Employing Entity”) and in consideration of your agreements contained in section 5 hereof, this Agreement sets forth certain benefits
which the Company agrees will be provided to you in the event of, among other things, a “Change in Control” of the Company (as defined in section 2 hereof) under the circumstances described below. 

1. TERM. This Agreement shall have an initial term expiring on the later of (a) the fifth anniversary of the
date hereof, assuming there has been no Change in Control or (b) your Normal Retirement Date as defined herein; provided, however, that the period provided in the clause (a) shall be automatically extended for successive periods of one
(1) year on a continuing basis unless either party shall give written notice of intention not to so extend at least six (6) months prior to the end of the initial five (5) year period or any renewal period.

 2. CHANGE IN CONTROL. For purposes of this Agreement, “Change
in Control” of the Company means the occurrence of any of the following events: (i) the Company shall not be the surviving entity in any merger, consolidation or other reorganization (or survives only as a subsidiary of an entity other
than a previously wholly-owned subsidiary of the Company); (ii) the Company’s subsidiary national banking association is merged or consolidated into, or otherwise acquired by, an entity other than a wholly-owned subsidiary of the Company;
(iii) the Company sells, leases or exchanges all or substantially all of its assets to any other person or entity (other than a wholly-owned subsidiary of the Company); (iv) the Company is to be dissolved and liquidated; (v) any
person or entity, including a “group” as contemplated by Section 13(d)(3) of the 1934 Act, acquires or gains ownership or control (including, without limitation, power to vote or control the voting) of more than 50% of the outstanding
shares of the Company’s voting stock (based upon voting power); or (vi) as a result of or in connection with a contested election of directors, the persons who were directors of the Company before such election shall cease to constitute a
majority of the Board of Directors. “1934 Act” means the Securities Exchange Act of 1934, as amended. Notwithstanding anything herein to the contrary, only to the extent necessary to comply with Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”), a Change in Control shall occur only to the extent that the definition of “Change in Control” set forth above may be interpreted to be consistent with Section 409A(a)(2)(A)(v) of the
Code and the applicable Internal Revenue Service and Treasury Department regulations thereunder. 
 3.
TERMINATION OF EMPLOYMENT. 
 (i) Disability; Retirement. 

(A) If, as a result of your incapacity due to physical or mental illness, you shall have been unable for more than twelve
(12) consecutive full calendar months after the execution of this Agreement to perform your duties with the Company or the Employing Entity, and within thirty (30) days after written notice of termination is given you shall not have
returned to the full time performance of your duties, the Company may terminate your employment for “Disability”, provided that the Board shall have before such termination been furnished with the certificates of not less than two
qualified physicians, one selected by the Company and one by or on behalf of you, stating that in their opinion you are or will continue to be by reason of such inability totally unable or unable adequately to perform the services required of you
pursuant to this Agreement. If the two physicians so selected are unable to reach an agreement on the issue of your ability to perform such services adequately, they shall promptly designate a qualified physician to make such determination and the
decision of such third physician shall be binding on the Company and you. If the two physicians are unable to agree upon a third physician for such purpose, the parties shall request Employing Entity’s long term disability insurance carrier to
choose such third physician. 

  
 2 

 (B) Termination of your employment based on “Retirement” shall
mean your voluntary termination of employment after attaining your “Normal Retirement Date.” “Normal Retirement Date” as used herein shall be the first day of the first calendar month following the calendar month in which you
reach age (a) 55 with at least three (3) years of service, or (b) age 65. Early retirement initiated by the Company shall be treated as a dismissal and not a voluntary early retirement. Your voluntary termination of employment for
“Good Reason” as set forth in paragraph (iii) below after attaining your Normal Retirement Date shall not be a termination of your employment based on Retirement, but shall be a “Good Reason” termination of your employment.

 (ii) Cause. Termination of your employment by the Company for “Cause” shall mean termination
upon (A) the willful and continued failure by you substantially to perform your duties (other than any such failure resulting from your incapacity due to physical or mental illness), after a demand for substantial performance is delivered to
you by the Chairman, the Board or the President of the Company which specifically identifies the manner in which it is believed that you have not substantially performed your duties, and a reasonable period of opportunity for such substantial
performance is provided, or (B) the willful engaging by you in illegal misconduct materially and demonstrably injurious to the Company. For purposes of this paragraph, no act, or failure to act, on your part shall be considered
“willful” unless done, or omitted to be done, by you not in good faith and without reasonable belief that your action or omission was in the best interest of the Company. Any act, or failure to act, based upon authority given pursuant to a
resolution duly adopted by the Board or by the Board of Directors of the Employing Entity or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best
interest of the Company. Notwithstanding the foregoing, you shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to you a copy of a resolution duly adopted by the affirmative vote of not less than
three-quarters of the entire membership of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to you and an opportunity for you, together with your counsel, to be heard before the Board), finding that in
the good faith opinion of the Board you were guilty of conduct set forth above in clauses (A) or (B) in this paragraph and specifying the particulars thereof in detail. 

  
 3 

 (iii) Good Reason. “Good Reason” for you to terminate your
employment shall mean: 
 (A) An adverse change in your status or positions(s) as an executive or other key
employee of the Company or of the Employing Entity as in effect immediately prior to the Change in Control, including, without limitation, any adverse change in your status or position as a result of a diminution in your duties or responsibilities
or a change in your business location of more than 35 miles or the assignment to you of any duties or responsibilities which, in your reasonable judgment, are inconsistent with such status or position(s), or any removal of you from or any failure to
reappoint or reelect you to such position(s) (except in connection with or as a result of the termination of your employment for Cause or Disability or as a result of your death or by you other than for Good Reason); 

(B) A reduction by the Company or the Employing Entity in your base salary as in effect immediately prior to the Change
in Control or in the number of vacation days to which you are then entitled under the Company’s vacation policy as in effect immediately prior to the Change in Control; 

(C) The taking of any action by the Company or the Employing Entity (including the elimination of a plan without
providing substitutes therefor, the reduction of your awards under any benefits plan, or the failure to replicate a plan, such as an annual bonus plan, that by its terms is time limited and is of a type that it has been the Company’s practice
to replace with a similar plan from time to time), that would diminish other than in a de minimis amount the aggregate projected value of your awards under any bonus, stock option or other management incentive plans in which you were participating
at the time of a Change in Control of the Company; 
 (D) The taking of any action by the Company or the
Employing Entity that would diminish other than in a de minimis amount the aggregate value of the benefits provided you under the Company’s medical, health, dental, accident, disability, life or other insurance, stock purchase or retirement
plans in which you were participating at the time of a Change in Control of the Company; 
 (E) A failure by any
successor (as hereinafter defined) to provide the assumption and acknowledgement of this Agreement contemplated by section 6 hereof; or 

  
 4 

 (F) Any purported termination by the Company of your employment that is not
effected pursuant to a Notice of Termination satisfying the requirements of paragraph (iv) below (and, if applicable, paragraph (ii) above); for purposes of this Agreement, no such purported termination shall be effective. 

(iv) Notice of Termination. Any termination by the Company or by you pursuant to paragraphs (i), (ii) or
(iii) above shall be communicated by written Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a notice specifying the termination provision in this Agreement relied
upon and setting forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of your employment under the provision so specified. 

(v) Date of Termination. “Date of Termination” shall mean (A) if your employment is terminated for
Disability, thirty (30) days after Notice of Termination is given (provided that you shall not have returned to the performance of your duties on a full-time basis during such thirty (30) day period); (B) if you terminate your
employment pursuant to paragraph (iii) above, the date specified in the Notice of Termination; (C) if your employment is terminated for death or Retirement, the date of your death or Retirement; and (E) if your employment is
terminated for any other reason, the date on which Notice of Termination is given. 
 4. RIGHTS AND
OBLIGATIONS UPON CHANGE IN CONTROL, TERMINATION OR DURING DISABILITY. 
 (i) Notwithstanding any restricted
stock agreement or option agreement, upon the occurrence of a Change in Control of the Company, all outstanding restricted stock and stock options granted to you pursuant to any stock incentive plans of the Company or your Employing Entity shall
become 100% vested and immediately exercisable. 
 (ii) After the occurrence of a Change in Control of the
Company, during any period that you fail to perform your duties hereunder as a result of incapacity due to physical or mental illness, you shall continue to receive your full base salary at the rate then in effect to be payable in accordance with
the Employing Entity’s normal payroll practices, and any time of service for vesting purposes under any plan shall continue to accrue during such period of incapacity until and if your employment is terminated pursuant to section 3(i)(A) hereof
(and for any longer period as may be provided under applicable plans). 
 (iii) After the occurrence of a Change
in Control of the Company, if your employment is terminated for Cause, the Company shall 

  
 5 

 pay you, or shall cause to be paid to you, your full base salary and accrued vacation pay
through the Date of Termination at the rate in effect at the time Notice of Termination is given plus any benefits or awards (including both the cash and stock components) which pursuant to the terms of any plans have been earned or become payable,
but which have not yet been paid to you, and shall have no further obligations to you under this Agreement. All payments to be made pursuant to this paragraph (iii) shall be paid in the form of a lump-sum payment no later than 30 days following
the date of termination of employment; provided, however, that you shall have no right to designate the taxable year that such payments will be made. 
 (iv) If the Company or the Employing Entity, within a period of two years after the occurrence of a Change in Control, terminates your employment other than for Disability or Cause pursuant to section
3(i)(A) or 3(ii) hereof, or if you, within a period of two years after the occurrence of a Change in Control of the Company, terminate your employment for Good Reason as provided for in sections 3(iii)(A) through 3(iii)(F) of this Agreement, then
the Company shall pay to you or shall cause to be paid to you (without regard to the provisions of any benefit plan) in a lump sum on or before the tenth business day following the Date of Termination (provided that you shall have no right to
designate the taxable year that the payments under this section 3(iv) will be made) an amount equal to the sum of the following paragraphs (A) and (B): 
 (A) An amount equal to two (2) times your full annual base salary through the Date of Termination at the rate in effect just prior thereto (not taking into account any reduction in your base salary
that constitutes Good Reason for your termination), plus any accrued but unused paid time off benefit, plus any benefits or awards (including both the cash and stock components) which pursuant to the terms of any plans have been earned or become
payable, but which have not yet been paid to you; plus 
 (B) An amount equal to two (2) times the average
of all performance bonus payments made by the Company or Employing Entity to you in respect of the two (2) calendar years preceding the Change in Control; 
 (v) For purposes of this Agreement, the term “base salary” shall include any amounts deducted pursuant to Sections 125 and 401(k) of the Code. Amounts paid pursuant to this section 4 shall be
deemed severance pay and in lieu of any further salary for periods subsequent to the Date of Termination. 

  
 6 

 (vi) If the Company or the Employing Entity, within a period of two years
after the occurrence of a Change in Control, terminates your employment other than for Disability or Cause pursuant to section 3(i)(A) or 3(ii) hereof or if you, within a period of two years after the occurrence of a Change in Control, terminate
your employment for Good Reason as provided for in sections 3(iii)(A) through 3(iii)(F) of this Agreement, then the Company shall provide you with comparable benefits equal in value to each life, health, accident, or disability benefit to which you
were entitled (through insurance, direct reimbursement, or otherwise) and at the same cost to you as immediately before the Date of Termination (not taking into account any reduction in such benefit that constitutes Good Reason for your
termination). The value and comparability of the foregoing benefits shall be determined individually rather than in the aggregate, and shall-be compared after subtracting applicable income and employment taxes; provided that the right to
reimbursement or in-kind benefits under this section 3(vi) shall not be subject to exchange for another benefit. The Company shall provide the benefits described in this subsection for a period terminating on two years after the Date of Termination.
An election by you to terminate for Good Reason shall not be deemed a voluntary termination of employment by you for purposes of this Agreement or of any plan or practice of the Company. At the end of the period of coverage, you shall have the
option to have assigned to you, at no cost and with no apportionment of prepaid premiums, any assignable insurance policy owned by the Company or the Employing Entity and relating specifically to you. With respect to all benefits under this section
3(i) provided in the form of a reimbursement, you must provide the appropriate documentation in support of the expenses to the Company no later than November 15th of the calendar year following the calendar year that the expense was incurred.
The reimbursement shall be paid to you by the Company as soon as administratively practicable thereafter, but in no event shall reimbursements be paid later than the last day of the calendar year following the calendar year that the expense was
incurred. Notwithstanding anything to the contrary, to the extent required by Section 409A of the Code: (1) the amount of expenses eligible for reimbursement or to be provided as an in-kind benefit under this Agreement during the calendar
year may not affect the expenses eligible for reimbursement or to be provided as an in-kind benefit in any other calendar year, and (2) the right to reimbursement or in-kind benefits under this Agreement shall not subject to liquidation or
exchange for another benefit. 
 (vii) After the occurrence of a Change in Control of the Company, the Company
shall continue to maintain in effect all charter and bylaw provisions and all contractual indemnities that afford to you rights to indemnification against liability as an officer, director or employee of the Company as were in effect immediately
prior to the Change in Control, 

  
 7 

 and shall continue to maintain directors and officers liability insurance coverages at least
in the amounts and other terms as the Company maintained in effect immediately prior to the Change in Control for the remaining term of this Agreement. 
 (viii) Notwithstanding anything in the Section to the contrary, if you are a “disqualified individual” (as defined in Section 280G(c) of the Internal Revenue Code of 1986, as amended (the
“Code”)) and the payment provided for in this Section, together with any other payments which you have the right to receive from the Company or Employing Entity would constitute a “parachute payment” (as defined in
Section 280G(b)(2) of the Code), and you are not subject to an agreement providing for payments of such amounts as may be necessary to pay any applicable excise tax under Section 4999 of the Code and any applicable income tax relating
thereto, the total amounts received by you from the Company or Employing Entity which would constitute “parachute payments” (as defined in Section 280G(b)(2) of the Code), shall be reduced in a manner determined by the Company to be
one dollar ($1.00) less than three (3) times your base amount (as defined in Section 280G of the Code) so that no portion of such amounts received by you shall be subject to the excise tax imposed by Section 4999 of the Code if and
only if (i) such reduction in the amount paid produces a better net after tax position (taking into account any applicable excise tax under Section 4999 of the Code and any applicable income tax) than the total payment provided for
herein. 
 5. EMPLOYEE’S COMMITMENT; RIGHT TO TERMINATE. 

(i) Except as otherwise provided in paragraph (ii) below, the Company, the Employing Entity or you may terminate your
employment at any time, subject to the benefits specified herein being provided in accordance with the terms hereof. 
 (ii) In the event a tender offer or exchange offer is commenced by a Person which, if successfully consummated, will result in such Person being that beneficial owner of more than 20% of the
combined voting power of the Company’s Voting Securities, including shares of Common Stock of the Company, you agree that you will not voluntarily leave the employ of the Company or the Employing Entity (other than as a result of Disability or
upon Normal Retirement) and will render the services contemplated in this Agreement until such tender offer or exchange offer has been abandoned or terminated or a Change in Control of the Company has occurred. 

  
 8 

 (iii) During the life of this Agreement, you will faithfully perform your
duties to the best of your ability and in accordance with the directions of the Board, provided that after a Change in Control of the Company such directions do not constitute Good Reason for you to terminate your employment. 

(iv) You will not at any time during the life of this Agreement, or thereafter, communicate or disclose to any
unauthorized person, or use for your own account, without the written consent of the Company, any proprietary processes, or other confidential information of the Company or any subsidiary concerning their business or affairs, suppliers or customers,
it being understood, however, that the obligations of this paragraph shall not apply to the extent that the aforesaid matters (A) are disclosed in circumstances in which you are legally required to do so, or (B) become generally known to
and available for use by the public otherwise than by your wrongful act or omission. 
 6. SUCCESSOR’S
BINDING AGREEMENT. 
 (i) The Company will, and you may, seek, by written request at least five business days
prior to the time a Person becomes a Successor (as hereinafter defined), to have such Person, by agreement in form and substance satisfactory to you, expressly assume the Company’s obligations under this Agreement and acknowledge that the
Successor is contractually bound to perform all of such obligations. Failure of such Person to furnish such assumption and acknowledgement by the later of (A) three business days prior to the time such Person becomes a Successor or (B) two
business days after such person receives a written request to so assume and acknowledge shall constitute Good Reason for termination by you of your employment if a Change in Control of the Company occurs or has occurred. For purposes of this
Agreement, “Successor” shall mean any person that succeeds to, or has the practical ability to control (either immediately or with the passage of time), the Company’s business directly, by merger or consolidation, or indirectly, by
purchase of the Company’s Voting Securities or otherwise. 
 (ii) This Agreement shall inure to the benefit
of and be enforceable by your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If you should die before all amounts that would still be payable to you hereunder if you had
continued to live are paid, all such unpaid amounts, unless otherwise provided herein, shall he paid in accordance with the terms of this Agreement to your devisee, legatee, or other designee or, if there be no such designee, to your estate.

  
 9 

 7. FEES AND EXPENSES. The Company shall pay all legal fees, expenses
of litigation and related expenses incurred by you in connection with this Agreement, including, without limitation, (a) all such fees and expenses, if any, incurred in contesting or disputing any termination of your employment following a
Change in Control or incurred by you in seeking advice with respect to the matters set forth in the provisions hereof or (b) your seeking to obtain or enforce any right or benefit provided by this Agreement, irrespective of whether you are
successful in contesting or disputing such termination of your employment or in obtaining or enforcing any right or benefit under this Agreement. 
 8. TAXES. All payments to be made to you under this Agreement will be subject to required withholding of applicable federal, state and local taxes. 

9. SURVIVAL. The respective obligations of, and benefits afforded to, the Company and you as provided in sections
4, 5, 6, 7 and 8 of this Agreement shall survive termination of this Agreement. 
 10. NOTICES. Notices
and all other communications provided for herein shall be in writing and shall be deemed to have been duly given when delivered or mailed by certified or registered mail, return receipt requested, postage prepaid addressed to the respective
addresses set forth in this Agreement or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. All notices to the
Company shall be directed to the attention of the Compensation Committee Chairman of the Company with a copy to Corporate Secretary of the Company at Nine Greenway Plaza, Suite 1000, Houston, Texas 77046. 

11. MISCELLANEOUS. No provision of this Agreement may be modified, waived or discharged except in writing
specifically referring to such provision and signed by you and such officer as may be specifically designated by the Board. No waiver at any time by either party hereto of the breach of any condition or provision of this Agreement, or of compliance
by the other party with the same, shall be deemed a waiver of any other condition or provision at the same or at any other time. No agreement or representation still in effect, oral or otherwise, express or implied, with respect to the subject
matter hereof has been made by either party other than (i) those set forth expressly in this Agreement or (ii) those in any stock option agreements or, (iii) those in any restricted stock agreements. Upon termination of your
employment, in the event of any conflict between the terms of this Agreement and the terms of any other agreements between you and the Company, this Agreement shall be controlling. The validity, interpretation, construction and performance of this
Agreement shall be governed by the laws of the State of Texas. 

  
 10 

 12. VALIDITY. The invalidity or unenforceability of any provisions of
this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. This Agreement shall supersede any prior agreement between the Company and you that provides for
similar benefits in the event of a Change in Control (the “Prior Agreement”), provided, however, that (i) if any provision of this Agreement is determined by a court or other competent authority to be invalid or unenforceable, the
corresponding provision (if any) of the Prior Agreement shall automatically be reinstated as if it were a provision of this Agreement, and (ii) if this Agreement is determined by a court or other competent authority to be invalid or
unenforceable, the Prior Agreement shall automatically be reinstated in its entirety. 
 13.
COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 

14. SECTION 409A. To the extent that the terms of this Agreement would subject you to gross income inclusion,
interest, or additional tax pursuant to Section 409A of the Code, those terms are automatically stricken and reformed either to be exempt from, or to comply with, Section 409A of the Code and the regulations issued thereunder.
Notwithstanding any provision of this Agreement to the contrary, only to the extent that this Agreement is subject to the requirements of Section 409A of the Code and is not exempted from such requirements, if at the time of your termination of
employment with the Encore, you are a “specified employee” as defined in Section 409A of the Code, no payment or benefit that results from your termination of employment will be provided until the date which is six months after the
date of your termination of employment (or, if earlier, your date of death). Payments to which you would otherwise be entitled during the six-month period described above will be accumulated and paid in a lump sum on the first day of the seventh
month after the date of your termination of employment. 
 If this letter correctly sets forth our agreement on the subject
matter hereof, please sign and return to the Company the enclosed copy of this letter which will then constitute our agreement on this subject. 
  

			
	Sincerely,
		
		 	/s/ James S. D’Agostino, Jr.
		 	James S. D’Agostino, Jr.
		 	Chairman

  

			
	AGREED to as of the date
	 first above written.

 

		 	/s/ Patrick T. Oakes
		 	Name: Patrick T. Oakes

  
 11

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