Document:

fsb-ex104_80.htm

Exhibit 10.4

 

COMMENCEMENT DATE AGREEMENT

 

An Agreement made this 3rd day of December, 2018, by and between SS McEwen, LLC (hereinafter called "Landlord"), and Franklin Synergy Bank (hereinafter called "Tenant").

 

WITNESSETH:

 

WHEREAS, on July 25, 2017 Landlord and Tenant entered into a Lease ("Lease") relating to certain Premises located at Carothers Crossing East Shopping Center and

 

WHEREAS, the term of the Lease has commenced, pursuant to the Lease Summary; and

 

WHEREAS, the parties desire to confirm the dates of commencement, rent schedule and expiration of the term;

 

NOW, THEREFORE, in consideration of the mutual covenants herein contained, Landlord and Tenant agree as follows:

 

(1)   The term of the Lease shall commence on December 1, 2018.

(2)   Tenant’s rental obligations under the Lease shall commence on December 1, 2018.

Rent Schedule shall be as follows:

 

					
	
 
	
 
	
Minimum

Monthly
	
 
	
Minimum

Annually

	
12/1/2018 -11/30/2019
	
 
	
$12.600.00
	
 
	
$151,200.00

	
12/1/2019 -11/30/2020
	
 
	
$12,852.00
	
 
	
$154,224.00

	
12/1/2020 - 11/30/2021
	
 
	
$13,109.04
	
 
	
$157,308.48

	
12/1/2021  -11/30/2022
	
 
	
$13,371.22
	
 
	
$160,454.65

	
12/1/2022 -11/30/2023
	
 
	
$13,638.65
	
 
	
$163,663.74

	
12/1/2023 -11/30/2024
	
 
	
$13,911.42
	
 
	
$166,937.02

	
12/1/2024 -11/30/2025
	
 
	
$14,189.65
	
 
	
$170,275.76

	
12/1/2025 -11/30/2026
	
 
	
$14,473.44
	
 
	
$173,681.27

	
12/1/2026 -11/30/2027
	
 
	
$14,762.91
	
 
	
$177,154.90

	
12/1/2027 -11/30/2028
	
 
	
$15,058.17
	
 
	
$180,698.00

 

(3)   The initial term of the Lease shall expire on November 30, 2028.

(4)   The Lease is in full force and effect and is hereby ratified and confirmed.

 

IN WITNESS WHEREOF, Landlord and Tenant have caused this Agreement to be duly executed on the date first written above.

 

 

			
	
TENANT:
	
 
	
LANDLORD:

	
FRANKLIN SYNERGY BANK
	
 
	
SS MCEWEN, LLC

	
 
	
 
	
 

	
By: /s/ Sarah Meyerrose
	
 
	
By: /s/ Glen R. Wilson, Manager

	
 
	
 
	
 

	
Title:  EVP / CFO
	
 
	
 

	
 
	
 
	
 

	
Date:  12/3/2018
	
 
	
Date:  12/3/2018fsb-ex105_78.htm

Exhibit 10.5

 

EXHIBIT B

Form of Commencement Agreement

 

COMMENCEMENT AGREEMENT 

 

THIS COMMENCEMENT AGREEMENT (this “Agreement”), made and entered into as of this 29th day of November, 2018, is by and between SOUTH ROYAL OAKS PARTNERS, LLC, a Tennessee limited liability company, (“Landlord”), and FRANKLIN SYNERGY BANK, a Tennessee banking corporation (“Tenant”).

 

A.Tenant and Landlord entered into that certain Triple Net Office Lease Agreement dated August 28, 2018 (the “Lease”), for certain improved real property municipally known as 231 South Royal Oaks Blvd located in Franklin, Williamson County, Tennessee, consisting of approximately 10,868 rentable square feet, being more particularly described in the Lease; and

 

B.The parties desire to precisely establish the Commencement Date as set forth below.

 

NOW, THEREFORE, in consideration of the mutual and reciprocal promises herein contained, and pursuant to Section 2 of the Lease, Tenant and Landlord hereby agree that the Lease is hereby modified as follows:

 

1.The term of the Lease by and between Landlord and Tenant shall commence on January 1, 2019 (the “Commencement Date”).

 

2.Except as modified and amended by this Agreement, the Lease shall remain in full force and effect.

 

IN WITNESS WHEREOF, Landlord and Tenant have caused this Agreement to be duly executed, as of the day and year first above written.

 

						
	
LANDLORD:
	
 
	
TENANT:
	
 

	
 
	
 
	
 
	
 

	
SOUTH ROYAL OAKS PARTNERS, LLC
	
 
	
FRANKLIN SYNERGY BANK

	
 

	
 

	
By:
	
/s/ Henry W. Brockman, Jr.
	
 
	
By:
	
/s/ Sarah Meyerrose

	
 
	
 
	
 
	
 
	
 

	
Title:
	
Managing Partner and President
	
 
	
Title:
	
EVP/CFO

 

23fsb-ex106_77.htm

Exhibit 10.6

 

EXHIBIT B

Form of Commencement Agreement

 

COMMENCEMENT AGREEMENT 

 

THIS COMMENCEMENT AGREEMENT (this “Agreement”), made and entered into as of this 14th day of February, 2019, is by and between 204 9TH AVENUE PARTNERS, LLC, a Tennessee limited liability company, (“Landlord”), and FRANKLIN SYNERGY BANK, a Tennessee banking corporation (“Tenant”).

 

A.Tenant and Landlord entered into that certain Triple Net Office Lease Agreement dated _February 8, 2018 (the “Lease”), for certain improved real property municipally known as 204 9th Avenue located in Franklin, Williamson County, Tennessee, consisting of approximately 8,888 rentable square feet, being more particularly described in the Lease; and

 

B.The parties desire to precisely establish the Commencement Date as set forth below.

 

NOW, THEREFORE, in consideration of the mutual and reciprocal promises herein contained, and pursuant to Section 2 of the Lease, Tenant and Landlord hereby agree that the Lease is hereby modified as follows:

 

1.The term of the Lease by and between Landlord and Tenant actually commenced on _February 22, 2019 (the “Commencement Date”).

 

2.Except as modified and amended by this Agreement, the Lease shall remain in full force and effect.

 

IN WITNESS WHEREOF, Landlord and Tenant have caused this Agreement to be duly executed, as of the day and year first above written.

 

						
	
LANDLORD:
	
 
	
TENANT:
	
 

	
 
	
 
	
 
	
 

	
204 9TH AVENUE PARTNERS, LLC
	
 
	
FRANKLIN SYNERGY BANK

	
 

	
 

	
By:
	
/s/ Henry W Brockman, Jr.
	
 
	
By:
	
/s/ Christopher J. Black

	
 
	
 
	
 
	
 
	
 

	
Title:
	
President and Managing Partner
	
 
	
Title:
	
Executive Vice President and Chief Financial OfficerExhibit

 
	
			
	 
	 
	 

	 
	 
	Mercury Systems, Inc.

	Notice of Grant of Stock Options
	 
	ID:     [             ]               

	and Option Agreement
	 
	50 Minuteman Road

	 
	 
	Andover, MA 01810

	 
	 
	 

	
			
	 
	 
	 

	[Name]
	 
	Option Number:    [            ]

	[Address]
	 
	Plan:  2018 Stock Incentive Plan

	 
	 
	ID:     [             ]

	 
	 
	 

 
Effective [            ], you have been granted a Stock Option to buy [            ] shares of Mercury Systems, Inc. (the “Company”) common stock at [            ] per share. 
 
The total option price of the shares granted is [            ].
 
Shares in each period will become fully vested on the date shown. 
 
	
							
	 
	 
	 
	 
	 
	 
	 

	Shares

	 
	Vest Type

	 
	Full Vest

	 
	Expiration

	[            ]
	 
	On Vest Date
	 
	[            ]
	 
	[            ]

	[            ]
	 
	On Vest Date
	 
	[            ]
	 
	[            ]

	[            ]
	 
	On Vest Date
	 
	[            ]
	 
	[            ]

	[            ]
	 
	On Vest Date
	 
	[            ]
	 
	[            ]

 
 

 
By your signature and the Company’s signature below, you and the Company agree that these options are granted under and governed by the terms and conditions of the Company’s 2018 Stock Incentive Plan, as amended from time to time, and the Option Agreement, all of which are attached and made a part of this document. 
 

 
 

Mercury Systems, Inc.                                                                         Date 
 
 

 [Name]                                                                                                                  Date 
FORM OF OPTION AGREEMENT
 
Terms and Conditions 
 
		
	1.
	Term. 

 
[Terms for Employees] 
This Stock Option shall terminate and no portion will be exercisable on the earliest of the following: (i) the expiration date; (ii) 90 days after the Optionee ceases to be an employee of the Company or one of its subsidiaries for any reason other than as specified in clauses (iii) – (vi) below; (iii) the date the Optionee ceases to be an employee of the Company or one of its subsidiaries if such termination of employment is because of dismissal for cause or because the Optionee is in breach of any employment agreement; (iv) 12 months from the date the Optionee ceases to be an employee if such termination of employment is because the Optionee has become Disabled (as defined in Section 13(c)(ii) of the Plan); (v) 12 months from the date of death in the event of the death of the Optionee; or (vi) five years after the Optionee ceases to be an employee of the Company or one of its subsidiaries if such termination of employment is because of the Optionee’s retirement on or after attaining the minimum age, completing the minimum number of years of service and satisfying all other conditions specified for retirement status under the Company’s Retirement Policy Statement. This Stock Option shall be exercisable in accordance with the preceding sentence after the Optionee ceases to be an employee of the Company or one of its subsidiaries only to the extent it was vested and exercisable immediately prior to the Optionee’s cessation or termination of employment. The vesting of this Stock Option shall automatically accelerate upon the death or Disability (as defined in Section 13(c)(ii) of the Plan) of the Optionee.
If the Optionee, either on the date of grant of this Stock Option or subsequent thereto, is or becomes a director, and thereafter ceases to be an employee while remaining a non-employee director, such change in status shall not be a termination of employment for purposes of clauses (ii) or (vi) of the preceding paragraph until the Optionee’s service as a director shall have ceased. 
[Terms for Board of Directors] 
This Stock Option shall terminate and no portion will be exercisable on the earliest of the following: (i) the expiration date; (ii) 12 months from the date of death in the event of the death of the Optionee while serving as a director; or (iii) five years after the Optionee ceases to be a director of the Company if such cessation is for any reason other than death. This Stock Option shall be exercisable in accordance with the preceding sentence after the Optionee ceases to be a director of the Company only to the extent it was vested and exercisable immediately prior to the Optionee’s cessation of service as a director. The vesting of this Stock Option shall automatically accelerate upon the death or Disability (as defined in Section 13(c)(ii) of the Plan) of the Optionee.

		
	2.
	Manner of Exercise. 

 
(a)     From time to time on or prior to the expiration of this Stock Option, the Optionee may give written notice to the Company of his election to purchase some or all of the shares of Mercury Computer Systems, Inc. (“Stock”) purchasable at the time of such notice.  This notice shall specify the number of shares of Stock to be purchased. 
 
Payment of the purchase price for the shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Company; (ii) through the delivery of shares of Stock that have been purchased by the Optionee on the open market or that have been beneficially owned by the Optionee for at least six months; (iii) a combination of (i) and (ii); or (iv) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company to pay the option purchase price, provided that in the event the Optionee chooses to pay the option purchase price as so provided, the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Company shall prescribe as a condition of such payment procedure.  Payment instruments will be received subject to collection. 
 
(b)     Certificates for shares of Stock purchased upon exercise of this Stock Option shall be issued and delivered to the Optionee upon compliance to the satisfaction of the Company with all requirements under applicable laws or regulations in connection with such issuance and with the requirements hereof and of the Plan.  The determination of the Company as to such compliance shall be final and binding on the Optionee.  The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to this Stock Option unless and until this Stock Option shall have been exercised pursuant to the terms hereof, the Company shall have issued and delivered the shares to the Optionee, and the Optionee’s name shall have been entered as the shareholder of record on the books of the Company.  Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to such shares of Stock. 
 
(c)     The minimum number of shares of Stock with respect to which this Stock Option may be exercised at any one time shall be 50 shares, unless the number of shares with respect to which this Stock Option is being exercised is the total number of shares subject to exercise under this Stock Option at the time. 
 
3.     Restrictions.  This Stock Option may be cancelled, rescinded, suspended, withheld or otherwise limited or restricted by the Administrator at any time, and any gain realized or payment received as a result of the exercise of this Stock Option may be subject to recapture by the Company if the Optionee engages in any Detrimental Activity prior to or during the six months following any exercise, payment or delivery pursuant to this Stock Option. 
 
4.     Incorporation of Plan.  Notwithstanding anything herein to the contrary, this Stock Option shall be subject to and governed by all the terms and conditions of the Plan.  Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein. 
 
5.     Transferability.  This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution.  This Stock Option is exercisable only by the Optionee’s legal representative or legatee.  All references herein to the Optionee shall be read to include the Optionee’s representative or legatee.

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