Document:

EXHIBIT  10.35

 

A. Scott Trager Officer Compensation
Continuation Agreement

 

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:

 

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.”

 

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.

 

1

 

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:

  	
  /s/ Michael A. Ringswald

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  SVP and Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
  REPUBLIC BANK & TRUST
  COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael A. Ringswald

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  SVP and Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ A. Scott Trager

  	
   

  
	
   

  	
  A. SCOTT TRAGER

  
							

 

2EXHIBIT  10.36

 

Bill Petter Officer Compensation Continuation
Agreement

 

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:

 

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.”

 

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.

 

1

 

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:

  	
  /s/ Michael A. Ringswald

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  SVP and Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  REPUBLIC BANK & TRUST COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael A. Ringswald

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  SVP and Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Bill Petter

  	
   

  
	
   

  	
  BILL PETTER

  
							

 

2EXHIBIT  10.37

 

David Vest Officer Compensation Continuation
Agreement

 

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:

 

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.”

 

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.

 

1

 

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:

  	
  /s/ Michael A. Ringswald

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  SVP and Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  REPUBLIC BANK & TRUST COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael A. Ringswald

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  SVP and Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ David Vest

  	
   

  
	
   

  	
  DAVID VEST

  
							

 

2

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