Document:

Exhibit 10. L

 Exhibit 10(1) 
  
 AMENDMENT TO EMPLOYMENT AGREEMENT 
  
 THIS AMENDMENT TO EMPLOYMENT AGREEMENT (“Agreement”), is made and is effective as of the 1st day of February, 2005, between CITY HOLDING
COMPANY, a West Virginia corporation (“Employer”), and CHARLES R. HAGEBOECK (“Employee”). 
  
 RECITALS 
  
 A. Employer wishes to employ Employee as its President and Chief Executive Officer and as President and Chief Executive Officer of its subsidiary, City National Bank of West Virginia (“City National”). For purposes of this
Agreement, “Employer” shall include City National where the contact so requires. 
  
 B. Employer and Employee previously entered into an Amended and Restated Employment Agreement, effective as of November 18, 2003 (“Prior Agreement”), and now desire to amend such Prior Agreement as provided
herein and to confirm such Agreement in all respects, including the amendments provided for herein. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  
 1. Employment, Section 1 of the Prior Agreement is amended to read, in
its entirety, as follows. 
  
 Employee is employed as President
and Chief Executive Officer of Employer and President and Chief Executive Officer of City National. Employee shall have such duties and responsibilities as are commensurate with such positions. Employee accepts and agrees to such employment, subject
to the general supervision and pursuant to the orders, advice and direction of Employer’s Boards of Directors. Employee shall perform such duties as are customarily performed by one holding such positions in other same or similar businesses or
enterprises as that engaged in by Employer. If Employer, without the written consent of Employee, assigns to Employee duties which the Employee deems inconsistent with the title, position and status of President and Chief Executive Officer, such
action at Employee’s option, to be exercised within 60 days of such change, shall constitute “Termination for Good Reason,” with the effect provided for in Section 6(d). 
  

 Exhibit 10(1) 
  
 2. Compensation. 
  
 (a) Section 3(a) of the Prior Agreement shall be amended to read, in its entirety, as follows: 
  
 For all services rendered by Employee to Employer under this Agreement,
Employer shall pay to Employee a minimum annual salary at a rate not less than $325,000, payable in accordance with the payroll practices of Employer applicable to its officers. 
  
 (b) Section 3(b) of the Prior Agreement shall be amended to read, in its entirety, as follows: 

 
 Employee shall be paid a bonus at the end of each of Employer’s
fiscal years, based on Employer’s Return on Equity, if Return on Equity is at least 12%, payable as follows: If Employer’s Return on Equity is 12%, Employee shall receive a bonus of 20% of Employee’s annual salary. If Return on Equity
is greater than 12%, Employee shall receive a bonus of 20% of his annual salary, plus an additional 5% of annual salary for each 1% increase in Return on Equity over 12%. If Return on Equity results in a fraction of 1%, then the bonus shall be
calculated based on the formula set forth above through the whole number of the percentage, plus the fractional portion of Return on Equity times 5%. 
  
 Any bonus shall be paid to Employee within 30 days of the issuance of Employer’s audited financial statements for a specified fiscal year.
“Return on Equity” shall be determined on a consolidated basis in accordance with Generally Accepted Accounting Principles before extraordinary items. Unless otherwise approved in the discretion of the Board of Directors or its Executive
Compensation Committee, no bonus shall be payable if Return on Equity is less than 12%. In the event that, during any fiscal year, Employee dies, is deemed to have voluntarily terminated his employment by reason of disability, is terminated without
Just Cause, or terminates employment for Good Reason, the bonus provided for herein shall be prorated based on the number of days worked by Employee in the fiscal year of his termination of employment to the number of days in such fiscal year.

  

 2 

 Exhibit 10(1) 
  
 (c) Section 3 of the Prior Agreement shall be amended to add a new Subsection (1), which shall read, in its
entirety, as follows: 
  
 For so long as Employee is employed by
Employer, Employer shall pay one country club membership, including dues and fees, for Employee and shall reimburse Employee for expenses incurred with respect to businesses conducted at said country club, but not for personal costs and expenses.

  
 3. Additional Termination Benefits; Survival. The Prior
Agreement is hereby amended to provide for new Sections 9 and 10 to read, in their entirety, as follows: 
  
 9. Additional Compensation. Notwithstanding anything to the contrary in Section 6, in the event that Employee: (i) dies; (ii)
becomes disabled; (iii) is terminated without Just Cause; or (iv) terminates pursuant to the last sentence of Section 1 or Subsection 8(g) hereof or for Good Reason, then in addition to any other compensation payable hereunder, Employee shall be
paid a lump sum payment in an amount equal to Employee’s Termination Compensation (as defined in Subsection 6(a)). The additional compensation payable under this Section 9 shall be paid within thirty (30) days of Employee’s termination of
employment except to the limited extent necessary to delay payment to avoid adverse tax consequences to Employee under Section 409A of the Internal Revenue Code of 19 6, as amended. For purposes of clarity, the parties agree that the payment
provided for under this Section 9 shall not be payable in the event of voluntary termination of employment by Employee, except that such payment shall be made in the event of termination pursuant to the last sentence of Section 1 or Subsection 8(g)
hereof or for Good Reason. 
  
 10.
Survival. To the extent necessary to effectuate the terms of this Agreement, the terms of this Agreement, and the respective rights and obligation of the parties, which must survive the termination of Employee’s employment or the
termination of this Agreement shall so survive. Without limiting the foregoing, Sections 5, 6(a), 6(c), 6(d), 6(e), 6(g), 8(g) and 9 shall expressly survive the termination of this agreement. 
  
 4. No Other Changes. Except as amended hereby, the Prior Agreement
shall remain in full force and effect, in all respects, in accordance with the terms thereof. 
  

 3 

 Exhibit 10(1) 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written above. 
  

	
	City Holding Company
	
	 /s/ Gerald R. Francis

	Name: Gerald R. Francis
	Title:   Chairman of the Board
	Date:   February 1, 2005

  

	
	 Employee:

	
	 /s/ Charles R. Hageboeck

	Charles R. Hageboeck
	Date: February 1, 2005Exhibit 10. M

 Exhibit 10(m) 
  
 CHANGE IN CONTROL AGREEMENT 
  
 THIS CHANGE OF CONTROL AGREEMENT (“Agreement”) is by and between CITY HOLDING COMPANY (“Employer”), and
DAVID BUMGARNER (“Employee”), recites and provides. 
  
 Recitals: 
  
 A. Employee is employed by
Employer as Senior Vice President and Controller. 
  
 B. Employee
is willing to make his/her services available to Employer on the terms and subject to the conditions set forth herein. 
  
 Agreement: 
  
 In consideration of the mutual covenants contained herein, the parties agree as follows: 
  

	 	1.	Change in Control. In the event of a Change of Control (as defined herein) of Employer, Employee may voluntarily terminate employment with Employer until the expiration of
the 12 month period after the Change of Control for “Good Reason” and be entitled to receive (i) any compensation already due and earned but not yet paid through the date of termination and (ii) in lieu of any further salary payments from
the date of termination, an amount equal to Termination Compensation times1.00. Such amounts will be payable at the times such amounts would have been paid in accordance with the payroll practices of Employer applicable to its officers and will be
paid out in regular payroll installments over the course of 12 months. In addition, in the event of a Change of Control coupled with “Good Reason”, Employee shall be entitled to receive health insurance coverage from Employer on the same
terms as were in effect immediately prior to Employee’s termination for a period of 12 months subject to any later changes in coverage applicable to all employees. 

  

 “Good Reason” shall mean the occurrence at any time within 12 months after a Change of Control
of any of the following events without Employee’s express written consent: 
  
 (a) the assignment to Employee of duties substantially inconsistent with the position held by Employee immediately prior to the Change of
Control; 
  
 (b) a reduction by Employer in
Employee’s base salary as then in effect. 
  
 (c) an involuntary relocation of Employee more than 40 miles from the location where Employee worked immediately prior to the Change of Control; 
  
 (d) any purported termination of the employment of Employee by Employer within 18 months after a Change of Control without “Just
Cause.” “Just Cause” shall mean termination, for Employee’s personal dishonesty, gross incompetence, willful misconduct, breach of a fiduciary duty involving personal profit, intentional failure to perform stated duties, willful
violation of any law, rule or regulation (other than traffic violations or similar offenses) or a final cease-and-desist order, conviction of a felony or of a misdemeanor involving moral turpitude, unethical business practices in connection with
Employer’s business, or misappropriation of Employer’s assets or similarly serious violation of policy of City National Bank or City Holding Company. If the termination is for “Just Cause”, then no termination compensation shall
be paid. It is expressly understood and agreed that this provision shall not in any way effect or change the at-will status of the Employee and this provision shall only be used in determining whether the Employee qualifies for termination
compensation after a Change in Control as defined herein. 
  
 A
“Change of Control” shall be deemed to have occurred if (i) any person or group of persons (as defined in Section 13(d) and 14(d) of the Securities Exchange Act of 1934) together with its affiliates, excluding CHCO and employee benefit
plans of Employer, is or becomes, directly or indirectly, the “beneficial owner” (as defined in Rule 13d-3 promulgated under the Securities Exchange Act of 1934) of securities of Employer representing 25% or more of the combined voting
power of Employer’s then outstanding securities; or (ii) during the term of this Agreement as a result of a tender offer or exchange offer for the purchase of securities of Employer (other than such an offer by Employer for its own securities),
or as a result of a proxy contest, merger, consolidation or sale of assets, or as a result of any combination of the foregoing, individuals who at the beginning of any two-year period during the term of this Agreement constitute Employer’s
Board of Directors, plus new directors whose election or nomination for election by Employer’s shareholders is approved by a vote of at least two-thirds of the directors still in office who were directors at the beginning of such two-year
period, cease for any reason during such two-year period to constitute at least two-thirds of the members of such Board of Directors; or (iii) the shareholders of 

  

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Employer approve a merger or consolidation of Employer with any other corporation or entity resulting in the other entity being the survivor; or (iv) the
shareholders of Employer approve a plan of complete liquidation or winding-up of Employer or an agreement for the sale or disposition by Employer of all or substantially all of Employer’s assets; or (v) any event which Employer’s Board of
Directors affirmatively determines should constitute a Change of Control. Notwithstanding anything in this Agreement to the contrary, if (i) Employee’s employment is terminated prior to a Change of Control, and (ii) Employee reasonably
demonstrates that such termination (for Good Reason event) was at the request or suggestion of a third party who had indicated an intention or taken steps reasonably calculated to effect a Change of Control, and (iii) such termination of Employee
for good reason event occurred within three (3) months prior to an official 8(K) public announcement of the Change of Control, then for purposes of this Agreement, the Employee shall be entitled to the Change of Control benefits as set forth herein,
effective on the date the Change of Control actually occurs. 
  
 “Termination Compensation” shall mean 
  

	 	a)	the highest amount of annual cash compensation including cash bonuses; but not including stock bonuses, stock options or stock acquired pursuant to stock options; and not including
the value of any other non-cash benefits (i.e. health, dental, life, disability insurance) received during any one of the three calendar years preceding the year of termination of employment regardless of the length of employment of Employee.
However, if Employee has been employed for less than 12 months prior to a Change in Control, then the termination compensation shall be equal to the sum of 1) the employee’s current annualized base salary and 2) the greater of any bonus paid in
the prior calendar year or the targeted bonus as described in any existing documented incentive plan provided to the employee. With respect to Mr. Bumgarner, the targeted bonus is defined as 20% of his base salary. Termination Compensation does not
include stock bonuses, stock options or stock acquired pursuant to stock options; and not including the value of any other non-cash benefits (i.e. health, dental, life, disability insurance). 

  
 2. No Obligation to Seek Other Employment. While receiving payments
pursuant to this Agreement, Employee shall not be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Employee hereunder, and such amounts shall not be reduced or terminated whether or not
Employee obtains other employment. 
  

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 3. Non-Competition/Non-Solicitation – If the employment of Employee terminates for any reason
whatsoever (resignation, change in control, retirement, fired, etc.), and whether or not related to a Change of Control, then Employee agrees that he/she will not directly or indirectly, either as principal, agent, employee, employer, co-partner, or
in any other individual or representative capacity whatsoever engage in the banking and/or the financial services business which includes, but is not limited to, commercial banking, consumer banking, retail banking, bank management, mortgage
brokerage, bank marketing, bank product marketing, and the insurance and trust business, or the savings and loan business or mortgage business, or any other businesses in which the Company or its affiliates are involved. This no compete shall apply
to the following geographical area: in any county of any state in which the Company or City National Bank maintains offices immediately prior to the “Change of Control”, as well as the counties of Kanawha, Putnam, Jackson, Cabell, Wayne,
Mason, Lincoln, Doddridge, Marion, Raleigh, Summers, Fayette, Greenbrier, Nicholas, Braxton, Lewis, Monroe, Pocahontas, Mercer, Wood, Harrison, Jefferson, Berkeley, Morgan, Hampshire in West Virginia or the counties of Boyd, Carter, Greenup or
Johnson in Kentucky, or the counties of Lawrence or Scioto in Ohio. This non-competition provision shall be in effect for one (1) year beginning immediately after the separation of employment. However, if litigation and/or arbitration is commenced
by the Employer or Employee directly or indirectly pertaining to this non-competition provision or the non-solicitation provision herein below, then the non-competition and non-solicitation provision(s) herein shall begin upon separation of
employment, continue through arbitration and/or litigation and terminate one (1) year after entry of a final non-appendable ruling by a court and/or arbitration tribunal of competent jurisdiction. 
  
 If the employment of Employee terminates for any reason whatsoever (resignation, change in
control, retirement, fired, etc.), and whether or not related to a Change of Control, then for a period of one (1) year after employment with Employer, the Employee agrees not to solicit or assist any person in so soliciting, any depositors,
customers or employees of the Company or its affiliates, or directly or indirectly induce or attempt to persuade any current or former employees of the Company or its affiliates to terminate their employment with the Company or its affiliates.

  
 4. At-Will Status. Employee acknowledges, agrees and
understands that he/she is an “at will” employee serving at the will and pleasure of the Employer. Employee understands, agrees and represents that this Change of Control Agreement and the terms herein in no way alters, amends or modifies
the at-will status of the employee. Employee understands the full meaning of this paragraph. 
  
 5. The Employee agrees and understands that this entire Agreement (as well as employment) is being given to Employee in consideration of the no-compete and non-solicitation provisions herein and that at anytime the
Employee 

  

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violates the no-compete, non-solicitation or any other provision of this Agreement, then Employer has the right to seek proper relief, including stopping any
termination compensation payments (if applicable), seek recoupment of amounts already paid (if applicable), obtain an injunction and avail itself to any other proper relief or remedy including money damages, if applicable. 
  
 6. Miscellaneous. 
  
 a. This Agreement shall be governed by and construed in
accordance with the laws of the State of West Virginia without regard to conflicts of law principles thereof. 
  
 b. This Agreement constitutes the entire Agreement between Employee and Employer, with respect to the subject matter hereof, and
supersedes all prior agreements with respect thereto. 
  
 c. Arbitration. All parties agree that any dispute related to this Agreement, shall be arbitrated in accordance with the Rules of the American Arbitration Association with each party to bear their own costs and attorneys’ fees.
Such arbitration shall occur in Charleston, West Virginia before a panel of three (3) arbitrators with the selection of the arbitrators being made as follows: Employer selects one, Employee selects one and the two (2) arbitrators select a third
arbitrator. 
  
 d. This Agreement may be executed
in one or more counterparts, all of which, taken together, shall constitute one and the same instrument. 
  
 e. The Employee acknowledges that he/she has read this Agreement and has been given an opportunity to have counsel of his/her choice
review this Agreement. 
  
 f. Any notice or other
communication required or permitted under this Agreement shall be effective only if it is in writing and delivered in person or by reliable overnight courier service or deposited in the mails, postage prepaid, return receipt requested, addressed as
follows: 
  
 To Employer: 
 City Holding Company 
 25 Gatewater Road 
 Cross Lanes, West Virginia 25313 
 (304) 769-1100 
 Attention: Corporate Secretary 
  

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 To Employee: 
  
 David Bumgarner 
 214 Bent Tree Estates 
 Scott Depot, WV 25560 
  
 g. The
provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. It is understood and agreed that no failure or delay by
Employer or Employee in exercising any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other
right, power or privilege hereunder. 
  
 7. Timely Notice.
In order to receive termination compensation and the health insurance benefit set forth in numbered paragraph 1, the Employee agrees to notify City Holding Company in writing within 45 days of the “Good Reason” event that entitles the
Employee to termination compensation. Failure to provide such written notice shall be deemed a full waiver of all termination compensation. It is specifically understood and agreed that this 45-day notice is a material condition precedent to the
Employer’s obligation to pay these benefits. Employee fully understands the need for timely notice and agrees that termination compensation and health insurance will not be paid if notice is not given within 45 days of the “Good
Reason” event. 
  
 IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the date and year first above written. 
  

													
	DATE	 	February 1, 2005	 	 	 	CITY HOLDING COMPANY
				
	 Victoria Evans
	 	 	 	By:	 	 /s/ Charles R. Hageboeck

	 Witness
	 	 	 	 	 	 	 	 Name:
	 	 Charles R. Hageboeck

	 	 	 	 	 	 	 	 	 Title:
	 	 President & CEO

					
	DATE	 	February 1, 2005	 	 	 	EMPLOYEE	 	 
			
	 Victoria Evans
	 	 	 	 /s/ David Bumgarner

	 Witness
	 	 	 	 DAVID BUMGARNER

  

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