Document:

EX-10.1

 Exhibit 10.1 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE
HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE
MAKER THAT SUCH REGISTRATION IS NOT REQUIRED. 
 PROMISSORY NOTE 

 

			
		  	Dated as of June 28, 2022
		
	Principal Amount: Up to $3,441,688	  	New York, New York

 E.Merge Technology Acquisition Corp., a Delaware corporation (the “Maker”), promises to pay
to the order of E.Merge Technology Sponsor LLC or its registered assigns or successors in interest (the “Payee”), or order, the principal sum of up to Three Million Four Hundred Forty One Thousand Six Hundred Eighty Eight Dollars
($3,441,688) in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds, without setoff or counterclaim, to such
account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note. 

1.    Maturity. The principal balance of this Note shall be payable by the Maker on
the earlier of (such date, the “Maturity Date”), subject to Section 13 below, 
  

	 	(a)	 the date on which Maker consummates its initial business combination and 

 

	 	(b)	 the date of the liquidation of Maker. 

The principal balance may be prepaid at any time, at the election of Maker. Under no circumstances shall any individual, including but not
limited to any officer, director, employee or stockholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder. 

2.    Interest. This Note shall bear no interest. 

3.    Drawdown Requests. The principal of this Note may be drawn down from time to time prior to
the Maturity Date, upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed
upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Million Four
Hundred Forty One Thousand Six Hundred Eighty Eight Dollars Dollars ($3,441,688). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due
to Payee in connection with, or as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including
(without limitation) reasonable attorneys’ fees, and then to the reduction of the unpaid principal balance of this Note. 
 4.
    Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys’
fees, then to the payment in full of any late charges, and finally to the reduction of the unpaid principal balance of this Note. 

5.    Use of Proceeds. The Maker hereby represents, warrants and covenants to the Payee, that the entire principal amount
will be used by the Maker solely for purposes of making payments to extend the period the Maker has to complete an initial business combination as described in the proxy statement filed with the Securities and Exchange Commission on June 1,
2022. 

 6.    Events of Default. The following
shall constitute an event of default (“Event of Default”): 
 (a)    Failure to Make Required
Payments. Failure by Maker to pay any principal amount due pursuant to this Note within five (5) business days of the Maturity Date. 

(b)    Breach of Use of Proceeds. Failure by Maker to comply with the provisions of Section 4 of this
Note.
 (c)    Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable
bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker
or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance
of any of the foregoing. 
 (d)    Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a
court having jurisdiction in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar
official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of
60 consecutive days. 
 7.    Remedies. 

(a)    Upon the occurrence of an Event of Default specified in Section 5(a) or Section 5(b) hereof, Payee may,
by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without presentment, demand,
protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding. 

(b)    Upon the occurrence of an Event of Default specified in Sections 5(c) and 5(d), the unpaid principal balance of
this Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee. 

8.    Enforcement Costs. In case any principal of this Note is not paid when due, Maker shall be liable for all costs of
enforcement and collection of this Note incurred by the Payee and any other Holders, including but not limited to reasonable attorneys’ fees and expenses. 

9.    Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive
presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might
accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of
execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any
such writ in whole or in part in any order desired by Payee. 
 10.    Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability
of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications
that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability
hereunder. Any failure of the Payee to exercise any right hereunder shall not be construed as a waiver of the right to exercise the same or any other right at any time and from time to time thereafter. The Payee may accept late payments, or partial
payments, even though marked “payment in full” or containing words of similar import or other conditions, without waiving any of its rights. 

 11.    Notices. All notices, statements
or other documents which are required or contemplated by this Note shall be made in writing and delivered: (i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to
the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail
address most recently provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if
delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if
sent by mail. As of the date of this Note, the following addresses are designated for notices: Maker, 630 Ramona St., Palo Alto, California 94301, Attn: Jeff Clarke, email: jclarke@emergetechacquisition.com; Payee, 630 Ramona St., Palo
Alto, California 94301, Attn: Jeff Clarke, email: jclarke@emergetechacquisition.com. 

12.    Construction; Governing Law; Venue; Waiver Of Jury Trial; Etc. THIS NOTE SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. MAKER HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION
OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING
TO THIS NOTE, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK
STATE OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN
ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS NOTE SHALL AFFECT ANY RIGHT THAT THE PAYEE OR ANY OTHER HOLDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS NOTE AGAINST THE MAKER OR ITS PROPERTIES IN THE COURTS OF ANY
OTHER JURISDICTION. THE MAKER WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND CONSENTS THAT ALL SUCH SERVICE OF PROCESS BE MADE BY REGISTERED MAIL DIRECTED TO THE MAKER AT ITS ADDRESS SET FORTH IN SECTION 10 OR TO ANY OTHER
ADDRESS AS MAY APPEAR IN THE PAYEE’S OR SUCH OTHER HOLDER’S RECORDS AS THE ADDRESS OF THE MAKER. IN ANY ACTION, SUIT OR PROCEEDING IN RESPECT OF OR ARISING OUT OF THIS NOTE, THE PAYEE AND THE MAKER WAIVE TRIAL BY JURY, AND EACH OF MAKER
AND PAYEE WAIVES (I) THE RIGHT TO INTERPOSE ANY SET-OFF OR COUNTERCLAIM OF ANY NATURE OR DESCRIPTION, (II) ANY OBJECTION BASED ON FORUM NON CONVENIENS OR VENUE, AND
(III) ANY CLAIM FOR CONSEQUENTIAL, PUNITIVE OR SPECIAL DAMAGES. 

13.    Severability. Any provision contained in this Note which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

14.    Trust Waiver. Notwithstanding anything herein to the contrary, but subject to the
following sentence of this Section 13, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account (the “Trust Account”)
established in which the proceeds of the initial public offering (“the “IPO”) conducted by the Maker (including the deferred underwriters’ discounts and commissions) and the proceeds of the sale of the warrants issued in a
private placement that occurred prior to the closing of the IPO were deposited, as described in greater detail in Maker’s Registration Statement on Form S-1
(333-239836) filed with the Securities and Exchange Commission in connection with the IPO (the “Registration Statement”), and hereby agrees not to seek recourse, reimbursement, payment or
satisfaction for any Claim against the Trust Account for any reason whatsoever. Notwithstanding the foregoing, the Payee does not waive any Claims and does not waive its rights to 

 
seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for distributions of remaining funds released to the Maker from the Trust Account following
redemptions or other distributions to the Maker’s public stockholders. 
 15.    Amendment;
Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee. 

16.    Assignment. This Note binds and is for the benefit of the successors and permitted
assigns of the Maker and the Payee. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any
attempted assignment without the required consent shall be void; provided, that upon the announcement of an initial business combination of Maker, or occurrence and during the continuation of an Event of Default, Payee shall have the right to assign
this Note in its discretion without the consent of Maker. 
 17.    Conversion. 

(a) Notwithstanding anything contained in this Note to the contrary, at Payee’s option, at any time prior to payment in full of the
principal balance of this Note, Payee may elect to convert up to $1,000,000 of the unpaid principal balance of this Note into that number of units, each unit consisting of one share of Class A common stock of the Maker and one third of one
warrant, each whole warrant exercisable for one share of Class A common stock of the Maker (the “Conversion Units”), equal to: (x) the portion of the principal amount of this Note being converted pursuant to this
Section 17, divided by (y) $10.00, rounded up to the nearest whole number of units. The Conversion Units shall be identical to the units issued by the Maker to the Payee in a private placement upon consummation of the Maker’s initial
public offering. The Conversion Units and their underlying securities, and any other equity security of Maker issued or issuable with respect to the foregoing by way of a stock dividend or stock split or in connection with a combination of shares,
recapitalization, amalgamation, consolidation or reorganization, shall be entitled to the registration rights set forth in Section 17 hereof. 

(b) Upon any complete or partial conversion of the principal amount of this Note, (i) such principal amount shall be so converted and
such converted portion of this Note shall become fully paid and satisfied, (ii) Payee shall surrender and deliver this Note, duly endorsed, to Maker or such other address which Maker shall designate against delivery of the Conversion Units,
(iii) Maker shall promptly deliver a new duly executed Note to Payee in the principal amount that remains outstanding, if any, after any such conversion and (iv) in exchange for all or any portion of the surrendered Note, Maker shall, at
the direction of Payee, deliver to Payee (or its members or their respective affiliates) (Payee or such other persons, the “Holders”) the Conversion Units, which shall bear such legends as are required, in the opinion of counsel to
Maker or by any other agreement between Maker and Payee and applicable state and federal securities laws. 
 (c) The Holders shall pay any
and all issue and other taxes that may be payable with respect to any issue or delivery of the Conversion Units upon conversion of this Note pursuant hereto; provided, however, that the Holders shall not be obligated to pay any transfer taxes
resulting from any transfer requested by the Holders in connection with any such conversion. 
  

	 	(c)	 The Conversion Units shall not be issued upon conversion of this Note unless such issuance and such conversion
comply with all applicable provisions of law. 

 18.    Registration Rights. 

(a) Reference is made to that certain Registration Rights Agreement between Maker and the parties thereto, dated as of July 30, 2020 (the
“Registration Rights Agreement”). All capitalized terms used in this Section 18 shall have the same meanings ascribed to them in the Registration Rights Agreement. 

(b) The Holders shall be entitled to one Demand Registration, which shall be subject to the same provisions as set forth in Section 2.1
of the Registration Rights Agreement. 

 (c) The Holders shall also be entitled to include the Conversion Units and their underlying
securities in Piggyback Registrations, which shall be subject to the same provisions as set forth in Section 2.2 of the Registration Rights Agreement; provided, however, that in the event that an underwriter advises Maker that the Maximum
Number of Securities has been exceeded with respect to a Piggyback Registration, the Holders shall not have any priority for inclusion in such Piggyback Registration. 

(d) Except as set forth above, the Holders and Maker, as applicable, shall have all of the same rights, duties and obligations set forth in
the Registration Rights Agreement. 
 [Signature page follows] 

 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note
to be duly executed by the undersigned as of the day and year first above written.
  

			
	E.Merge Technology Acquisition Corp.
		
	By:	 	 /s/ Jeff Clarke

		 	Name: Jeff Clarke
		 	Title: Co-Chief Executive Officer and Chief Financial OfficerEX-10.1

 Exhibit 10.1 

AGREEMENT 
 THIS
AGREEMENT, effective the 5th day of July, 2022, by and between WESBANCO BANK, INC., hereinafter referred to as “Bank” and JEFFREY H. JACKSON, hereinafter referred to as
“Employee”, and WESBANCO, INC., a West Virginia corporation, hereinafter referred to as “Wesbanco”. 

WHEREAS, Employee will begin serving as Senior Executive Vice President and Chief Operating Officer of WesBanco and President and Chief
Operating Officer of the Bank, as of the date hereof; and 
 WHEREAS, the Bank wishes to assure itself of the Employee’s full
time employment and continuing services in an executive capacity. 
 WITNESSETH THAT: In consideration of the mutual promises and
undertakings hereinafter set forth, the parties hereto agree as follows: 
 1. EMPLOYMENT. The Bank hereby
agrees to employ, and Employee hereby agrees to such employment at Bank in the above designated capacities. In these capacities, Employee shall be answerable to the Chief Executive Officer of the Bank and the Board of Directors of the Bank and such
other officers of Wesbanco, the parent company of the Bank, as the Board of Directors of Wesbanco shall direct. Employee shall perform such duties, compatible with his employment under the Agreement, as the Bank, and Wesbanco, from time to time, may
assign to him. 
 2. COMPENSATION. As compensation for the performance of the services specified in Paragraph 1
and the observance of all of the provisions of this Agreement, the Bank agrees to pay Employee, and Employee agrees to accept, the following amounts and benefits during his term of employment with full time employment beginning on August 15,
2022: 

 (A) Salary at a rate to be determined by the Board of Directors of the Bank,
with notice to be given to Employee in May of each calendar year, but in no event shall Employee’s salary be less than Seven Hundred Thousand Dollars ($700,000.00) per year, plus any increases granted by the Board of Directors after the date
hereof, and payable in equal biweekly installments; and 
 (B) Participation in the Wesbanco, Inc. Key Executive Incentive
Bonus, Option and Restricted Stock Plan (“Incentive Plan”), Annual Cash Incentive Awards up to 75% of base salary, subject to adjustment up to a maximum of 82.5% based on performance, prorated for the first year and on a calendar year
basis thereafter; and 
 (C) Signing Bonus consisting of an award of Twelve Thousand Five Hundred (12,500) shares of
restricted Wesbanco, Inc. common stock issued under the Incentive Plan Restricted Stock program with a three (3) year cliff vesting period expiring on the third anniversary of this Agreement; and 

(D) Participation in the Incentive Plan Annual Stock Option and Restricted Stock awards at 90% of base salary, with 80% thereof
time based, and 20% thereof performance based, all as determined by the Compensation Committee each year; and 
 (E)
Participation in the performance based restricted stock issued under the Total Shareholder Return Plan (“TSRP”) from the pool based on percentage of salary, in February of each year. 

(F) Housing relocation expense, including the cost of the physical move of your family and household items to your new
location, including closing costs on the sale of your current home, and your closing costs on the purchase of a new home, this latter provision subject to the condition that the Bank provides any necessary financing of the new home, and provided
such sale occurs, or such relocation is consummated on or before the first anniversary of the date of this Agreement; and 

  
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 (G) Upon execution of this Agreement, you will be paid a one-time cash bonus of Four Hundred Thousand Dollars ($400,000), subject to the express condition that if you voluntarily terminate your employment with the Bank within three years of the date of this Agreement
other than for Good Reason as defined in the Change of Control Agreement between Bank and Employee (the “Change of Control Agreement”), you shall be obligated to repay said amount within thirty days of such termination; provided, however,
that Employee shall give written notice of the existence of such Good Reason condition to the Bank within thirty (30) days of an occurrence thereof and the Bank shall fail to remedy or cure such condition within thirty (30) days after the
date such notice is provided by Employee.
 (H) Such other miscellaneous benefits and perquisites as the Bank provides to its
executive employees generally, including the following: (i) Medical, Dental, and Vision Insurance; (ii) Life and AD&D Insurance equivalent to three times your annual base pay up to a cap of $500,000; (iii) Short & Long-term
Disability Insurance; (iv) Participation in our 401(k) Plan; (v) eligibility in 2022 for up to 30 PTO days (based on date of hire); and (vi) eligibility in 2022, for eleven paid holidays (based on date of hire). 

3. ACCEPTANCE OF EMPLOYMENT. Employee accepts the employment provided for herein, at the salary set forth above,
and agrees to devote his talents and best efforts to the diligent, faithful, and efficient discharge of the duties of his employment, and in furtherance of the operations and best interests of Bank, and observe and abide by all rules and regulations
promulgated by Bank for the guidance and direction of its employees and the conduct of its business, operations, and activities. Employee further agrees to relocate to the Wheeling area within the first anniversary of the date of this Agreement.

  
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 4. TERM OF AGREEMENT. The employment term provided for herein
shall consist of a specific term, beginning on the 5th day of July, 2022, and ending on the 31st day of December, 2023. Upon expiration of the term of this Agreement, Employee shall become an
employee at will, subject to the employment policies of the Bank. 
 5. CONFIDENTIAL INFORMATION. Without the prior
written consent of Bank, Employee shall not, directly or indirectly, divulge to any person, or use for his own benefit, any confidential information concerning the business, affairs, or customers of Bank, acquired by him during his employment with
Bank or during the performance of his duties hereunder, it being the intent of Bank and Employee to restrict Employee from disseminating or using any information which is unpublished and not readily available to the general public. 

6. NON-SOLICITATION OF EMPLOYEES. Notwithstanding any termination of this
Agreement upon expiration of the term hereof or for any other reason, by accepting this Agreement, the Employee agrees that he will not, for a period of one (1) year after the termination of his employment with Bank for any reason directly or
indirectly solicit, induce, confer or discuss with any employee of the Bank or attempt to solicit, induce, confer or discuss with any employee of the Bank the prospect of leaving the employ of the Bank or the subject of employment by some other
person or organization. Employee further agrees that during his employment with the Bank and for a period of one (1) year thereafter he will not directly or indirectly hire or attempt to hire any employee of the Bank for some other person or
organization. 

  
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 7. CUSTOMER INFORMATION. Any and all information disclosed by Bank to
Employee relating in any way to customers of Bank (“Customer Information”) shall be deemed to be confidential information. Customer Information shall consist of all material information, whether or not marked as confidential, that Employee
receives from Bank or from any other source on Bank’s behalf, whether written, verbal, magnetic, electronic or in any other form. Customer Information shall consist of all Bank customer-related information that would permit identification of
the customer traceable to the customer’s account information, including any nonpublic personal information as defined by federal law, including, but not limited to, the Gramm-Leach-Bliley Act (15 U.S.C. §§ 6801 and 6805) as it may be
amended, any regulations promulgated thereunder and any other Customer Information protected by applicable state or federal law, rule or regulation. Employee shall not use Customer Information for any purpose other than as reasonably necessary to
fulfill the terms of this Agreement, and shall not disclose Customer Information to any third person without the prior consent of Bank. Employee shall not make Customer Information available to any third parties except those with a need to know in
conjunction with the performance of the services hereunder. Employee agrees to implement appropriate measures to ensure the security and confidentiality of all Customer Information in Employee’s possession from time to time, including
protecting against any anticipated threats or hazards to the security or integrity of the Customer Information and protecting against unauthorized access to or use of Customer Information that could result in substantial harm or inconvenience to any
customer of Bank. Employee also agrees to permit Bank to review the security procedures of Employee, upon reasonable notice, to insure compliance with the provisions of the Gramm-Leach-Bliley Act and its implementing regulations. 

  
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 8. MISCELLANEOUS BENEFITS. This Agreement is not intended, and
shall not be deemed to be in lieu of any rights, benefits, and privileges to which Employee may be entitled as an Employee of Bank under any retirement, 401k, profit sharing, insurance, hospital, bonus, vacation, or other plan or plans which may now
be in effect or which may hereafter be adopted by Bank, it being understood that Employee shall have the same rights and privileges to participate in such plans and benefits, as any other employee, during the period of his employment. 

9. BINDING EFFECT. This Agreement shall inure to the benefit of and be binding upon Bank’s successors and
assigns, including, without limitation, any company or corporation which may acquire substantially all of Bank’s assets or business, or with, or into which Bank may be merged or otherwise consolidated. 

10. TERMINATION. The Employee’s employment hereunder shall terminate upon the earliest to occur of any one of
the following: 
 (A) By the Bank for cause, after thirty (30) days written notice to Employee. Cause for purposes of
this Agreement shall mean as follows: 
 (i) An act of dishonesty, willful disloyalty or fraud by the Employee that the Bank
determines is detrimental to the best interests of the Bank; or 
 (ii) The Employee’s continuing inattention to,
neglect of, or inability to perform, the duties to be performed under this Agreement other than as a result of Employee’s death or disability, and Employee fails to cure the same within thirty (30) days of Employee’s receipt of
written notice from the Bank specifying the same in reasonable detail, or 

  
 6 

 (iii) Any other breach of the Employee’s covenants contained herein or
of any of the other terms and provisions of this Agreement, and Employee fails to cure such breach within thirty (30) days of Employee’s receipt of written notice from the Bank specifying such breach in reasonable detail, or 

(iv) The deliberate and intentional engaging by the Employee in gross misconduct which is materially and demonstrably injurious
to the Bank. 
 (B) After the initial term of this Agreement, Employee or Bank shall have the right to terminate this
Agreement and Employee’s active employment hereunder at any time upon ninety (90) days written notice to the Bank. 

(C) Upon the death of Employee, this Agreement shall automatically terminate. 

(D) Employee shall have the right at any time to terminate this Agreement and Employee’s active employment hereunder for
Good Reason. 
 In addition, Employee may terminate this Agreement and Employee’s active employment hereunder at any time to the extent provided for in
the Change of Control Agreement. 
 11. EFFECT OF TERMINATION. In the event of a termination of this
Agreement, Employee shall be paid the following severance benefits, payable promptly after the date of termination of his employment, in the following manner: 

(A) In the event that this Agreement is terminated by the death of Employee, this Agreement shall be deemed to have been
terminated as of the date of such death except, however, that Bank shall pay to the surviving spouse of Employee, or in lieu thereof, to Employee’s estate, an amount equal to six months of the base salary at his then current base rate. 

  
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 (B) In the event that this Agreement is terminated by Employee and Bank by
mutual agreement, then Bank shall pay such severance benefits, if any, as shall have been agreed upon by Bank and Employee. 

(C) In the event that Bank attempts to terminate this Agreement, other than for cause, death of Employee, or by mutual
agreement with Employee, in addition to any other rights or remedies which Employee may have, Employee shall receive an amount equal to the greater of (i) six months of base salary at his then current base rate, or (ii) the base salary
Employee would have received had he continued to be employed pursuant to this Agreement throughout the end of the term of this Agreement. 

(D) In the event Bank terminates this Agreement for cause or Employee voluntarily terminates this Agreement without Good
Reason, no severance benefits shall be payable hereunder. 
 12. DELEGATION OF DUTIES, ASSIGNMENT OF RIGHTS, AND
AMENDMENT. Employee may not delegate the performance of any of his obligations or duties except as to such duties as may be performed by employees of Bank in the ordinary course of their duties, nor assign any rights hereunder without the
prior written consent of Bank. Any such purported delegation or assignment in the absence of such written consent shall be void. This Agreement cannot be altered or otherwise amended except pursuant to an instrument in writing signed by each of the
parties hereto. 

  
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 13. INCORPORATION BY REFERENCE. Employee acknowledges that Wesbanco has
adopted a Code of Business Conduct and Ethics and an Insider Trading Policy and those copies of the same have been provided to Employee in anticipation of the performance of services by Employee hereunder. Employee agrees to abide by the Code of
Business Conduct and Ethics and the Insider Trading Policies of Wesbanco as in existence as of the date hereof, and as may be amended, from time to time, and adopted and disclosed to Employee. The terms and provisions of the Code of Business Conduct
and Ethics and the Insider Trading Policy are hereby incorporated into this Agreement by this reference thereto. 
 14. ENTIRE
UNDERSTANDING; AMENDMENT. This Agreement supersedes all previous agreements between Employee and Bank and contains the entire understanding and agreement between the parties with respect to the subject matter hereof, and cannot be
amended, modified, or supplemented in any respect except by a subsequent written agreement executed by both parties. 
 15.
CERTAIN OBLIGATIONS OF WESBANCO. While the parties acknowledge that certain provisions of this Agreement may be unenforceable in some respects against the Bank, pursuant to applicable banking law, it is nonetheless the intention
of the parties to create pursuant to this Agreement a valid employment for a definite term with specified benefits. As an inducement for Employee and Bank to enter into this Agreement whereby Employee would be employed by Bank for a definite term,
Wesbanco hereby undertakes the independent, separate and unconditional obligation to Employee to pay all amounts which are or may become due to Employee under this Agreement as set forth herein, regardless of the status of the direct or indirect
enforceability or validity of Bank’s obligation to pay any or all such amounts as may be due hereunder to Employee; provided, however, that for purposes of this Paragraph 16, Wesbanco shall be obligated to the Employee for any bonuses or any
increases in base salary in excess of the rate of Seven Hundred Thousand Dollars ($700,000.00) per annum only to the 

  
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extent that it has consented to such bonuses or increases. Wesbanco also acknowledges that it may or may not be entitled to indemnification or contribution from Bank or to be subrogated to the
claim of Employee hereunder for any payments Wesbanco may make to Employee; and Wesbanco hereby specifically waives any rights it may otherwise have to indemnification or contribution from Bank or to be subrogated to the claim of Employee hereunder
in the event that such payments as are made by Wesbanco would be unenforceable or invalid for any reason against Bank. 
 16.
VOLUNTARY TERMINATION. The parties anticipate that upon the expiration of the stated term of this Agreement on December 31, 2023, that Employee will be extended a new contract of employment as President and Chief Executive
Officer of the Bank and Wesbanco on terms equally or more beneficial to Employee as those set forth herein. In the event such new contract is not extended to Employee, then Employee shall have the option to voluntarily terminate his employment as of
such date and shall be released from the obligation to repay the cash bonus in the amount of Four Hundred Thousand Dollars ($400,000.00) as set forth in Paragraph 2(G) hereof. 

17. MISCELLANEOUS. The invalidity or unenforceability of any term or provision of this Agreement as against any one
or more parties hereto, shall not impair or effect the other provisions hereof or the enforceability of said term or provision against the other parties hereto, and notwithstanding any such invalidity or unenforceability, each term or provision
hereof shall remain in full force and effect to the full extent consistent with law. 
 18. GOVERNING LAW AND ENTIRE
AGREEMENT. This Agreement shall be construed and governed in accordance with the laws of the State of West Virginia, contains the entire agreement between the parties with respect to the services contemplated herein, and supersedes all
previous agreements between the parties hereto. 

  
 10 

 IN WITNESS WHEREOF, Bank and Wesbanco have caused these presents to be signed and
their corporate seals to be hereto affixed, and Employee has hereto affixed his signature, at Wheeling, West Virginia, as of the day and year first above written. 

 

			
	WESBANCO BANK, INC.
	
	By /s/ Todd F.
Clossin                                        
        
		 	        Its
President/CEO                            

 (SEAL) 
 ATTEST:

 /s/ Veronica M.
Berisford                         

Secretary 
  

			
	
/s/Jeffrey H. Jackson             
                        (SEAL)

	 JEFFREY H. JACKSON

	
	 WESBANCO, INC.

	
	 By /s/ Todd F.
Clossin                                        
        

		 	       Its President/CEO
                            

 (SEAL) 
 ATTEST:

 /s/ Veronica M.
Berisford                         

Secretary 

  
 11

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