Document:

Document

Exhibit 10(r)

TRANSITION SERVICES AND SEPARATION AGREEMENT
This TRANSITION SERVICES AND SEPARATION AGREEMENT (this “Agreement”) is entered into by and between Brinker International, Inc. (the “Company”) and Wyman T. Roberts (“Executive”). Executive and the Company are each referred to herein as a “Party” and collectively as the “Parties.”
WHEREAS, Executive and the Company have agreed that Executive’s employment with the Company will terminate effective as of December 5, 2022, unless earlier terminated in accordance with the terms hereof (such actual date of termination, the “Separation Date”); and
WHEREAS, Executive and the Company wish to set forth the terms and conditions of the Executive’s continued employment through the Separation Date, the Executive’s post-employment relationship with the Company and the related rights and obligations of the parties hereto, each as described in this Agreement.
NOW, THEREFORE, in consideration of the promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
1.Resignations; Transition; Termination of Employment.  
(a)Resignations. Effective as of June 5, 2022 (the “Transition Date”), Executive hereby resigns his positions as Chief Executive Officer and President of the Company and President of Chili’s Grill & Bar, and resigns from his role as a member of the Company’s Board of Directors (the “Board”).
(b)Transition Period.  Between the Transition Date and the Separation Date, Executive shall remain employed by the Company in the role of non-executive Senior Advisor to the Company and shall provide transition services as and when reasonably requested by the Company’s Chief Executive Officer or the Board.  Unless earlier terminated in accordance with the terms hereof, Executive’s employment with the Company shall terminate on the Separation Date.  Between the Transition Date and the Separation Date, the Parties acknowledge and agree that Executive’s level of services with the Company shall in no event decrease below 20% of the average level of services provided by Executive during the immediately preceding 36-month period, such that Executive does not experience a “separation from service” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury regulations and other guidance issued thereunder (collectively, “Section 409A”).  The Parties acknowledge and agree that Executive will experience a separation from service (as defined in Section 409A) on the Separation Date, notwithstanding the continued provision of limited services thereafter pursuant to Section 4 hereof.
(i)Base Salary.  Between the Transition Date and the Separation Date, Executive shall receive a monthly base salary of $60,000 (payable in accordance with the Company’s ordinary payroll practices).
(ii)Equity Compensation. In consideration of Executive’s entry into this Agreement, the Company will grant Executive an award of restricted stock units under the Brinker International, Inc. Stock Option and Incentive Plan (the “SOIP”) by no later than August 31, 2022 (the “FY 23 Equity Award”).  The FY23 Equity Award will have a grant date value of $1,850,000, will vest in full on the third anniversary of the date of grant, subject to the general retirement acceleration provisions set forth in the Company’s current form of restricted stock unit award agreement; provided, however, that such award shall include a non-competition covenant in favor of the Company that runs from the date of grant through the second anniversary thereof 

and settlement of the FY 23 Equity Award shall occur on or about the second anniversary of the date of grant.  The FY 23 Equity Award will otherwise be subject to the terms and conditions of the SOIP and an individual award agreement to be provided to Executive.  For the avoidance of doubt, (A) between the Transition Date and the Separation Date, Executive shall continue to vest in his outstanding Company equity awards in accordance with the terms of the SOIP and the award agreements issued to Executive thereunder (collectively, the “Award Agreements”), (B) subject to his compliance with the terms of this Agreement, the Company agrees that Executive’s termination of employment as of the Separation Date shall constitute a “Retirement” under all Award Agreements, and (C) subject to his compliance with the terms of this Agreement, the Company agrees that Executive has satisfied all conditions required for full (i.e., non-pro-rated) vesting of his fiscal 2021 and fiscal 2022 award of restricted stock units under the SOIP and the FY23 Equity Award.
(iii)Short-Term Incentive Compensation. Executive shall remain eligible to earn a short-term annual bonus for fiscal 2022 based on his target annual bonus level of $1,650,000, as in effect prior to the Transition Date.  Executive will not be eligible to receive any short-term annual bonus or other cash incentive compensation for fiscal 2023. 
(iv)Benefits; Medical, Dental and Vision Premiums.  Between the Transition Date and the Separation Date, Executive shall remain eligible for all other employee benefits for which Executive is eligible as of the Transition Date, subject to applicable plan terms.  Thereafter, Executive shall be eligible to participate in the Company’s executive retiree medical plan until Executive reaches the age of 65.  In addition, subject to Executive’s timely election of continuation coverage with respect to dental and vision coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) and Executive’s execution and nonrevocation of the Supplemental Release (as defined below), the Company shall pay or reimburse Executive for all premiums incurred for Executive’s and, where applicable his eligible dependents’, coverage under: (1) Company’s executive retiree medical plan for a period beginning on the Separation Date and ending on the earlier of (A) the 18-month anniversary of the Separation Date and (B) Executive becoming eligible for other employer-sponsored group medical coverage, and (2) the Company’s dental and vision plans  pursuant to COBRA for a period beginning on the Separation Date and ending on the earliest of (A) the 18-month anniversary of the Separation Date, (B) Executive becoming eligible for other employer-sponsored group health plan coverage, and (C) the expiration of Executive’s rights under COBRA.  In the event that the benefits provided herein would subject the Company or any of its affiliates to any tax or penalty under the Patient Protection and Affordable Care Act or Section 105(h) of the Code, Executive and the Company agree to work together in good faith to restructure the foregoing benefit.  
(c)Termination of Employment.  Notwithstanding anything herein to the contrary, Executive’s employment with the Company may end prior to December 5, 2022, as a result of (i) the Company’s termination of Executive’s employment for Cause or (ii) Executive’s death or Disability.  In the event of such earlier termination of employment, Executive shall receive no further payments hereunder, Section 4 below shall be of no force and effect, and all then outstanding equity awards shall be governed as set forth in the applicable Award Agreement (e.g., on account of a termination as a result of death, disability or for cause as defined and set forth therein).  For purposes of this Agreement, the terms “Cause” and “Disability” shall have the meanings assigned to such terms in the certain Severance and Change in Control Agreement dated as of June 22, 2017 by and between the Parties (the “CIC Severance Agreement”).
2.General Release of Claims.
(a)For good and valuable consideration, including the consideration set forth in Sections 1(b) and 4 hereof, Executive knowingly and voluntarily (for and on behalf of Executive, 
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Executive’s family, and Executive’s heirs, executors, administrators and assigns) hereby releases and forever discharges the Company and its affiliates, predecessors, successors and subsidiaries, and the foregoing entities’ respective equity-holders, officers, directors, managers, members, partners, employees, agents, representatives, and other affiliated persons, and the Company’s and its affiliates’ benefit plans (and the fiduciaries and trustees of such plans) (collectively, the “Company Parties”), from liability for, and Executive hereby waives, any and all claims, damages, or causes of action of any kind related to Executive’s employment with any Company Party and any other acts or omissions related to any matter occurring on or prior to the date that Executive executes this Agreement, including (i) any alleged violation through such time of: (A) any federal, state or local anti-discrimination or anti-retaliation law, regulation or ordinance, including the Age Discrimination in Employment Act of 1967 (including as amended by the Older Workers Benefit Protection Act), Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, Sections 1981 through 1988 of Title 42 of the United States Code and the Americans with Disabilities Act of 1990; (B) the Employee Retirement Income Security Act of 1974 (“ERISA”); (C) the Immigration Reform Control Act; (D) the National Labor Relations Act; (E) the Occupational Safety and Health Act; (F) the Family and Medical Leave Act of 1993; (G) the Texas Labor Code (specifically including the Texas Payday Law, the Texas Anti-Retaliation Act, Chapter 21 of the Texas Labor Code, and the Texas Whistleblower Act); (H) any federal, state or local wage and hour law; (I) any other local, state or federal law, regulation or ordinance; or (J) any public policy, contract, tort, or common law claim; (ii) any allegation for costs, fees, or other expenses including attorneys’ fees incurred in or with respect to a Released Claim (as defined below); and (iii) any claim for compensation or benefits of any kind not expressly set forth in this Agreement (collectively, the “Released Claims”). This Agreement is not intended to indicate that any such claims exist or that, if they do exist, they are meritorious. Rather, Executive is simply agreeing that, in exchange for the consideration received by Executive pursuant to this Agreement, any and all potential claims of this nature that Executive may have against the Company Parties, regardless of whether they actually exist, are expressly settled, compromised and waived. THIS RELEASE INCLUDES MATTERS ATTRIBUTABLE TO THE SOLE OR PARTIAL NEGLIGENCE (WHETHER GROSS OR SIMPLE) OR OTHER FAULT, INCLUDING STRICT LIABILITY, OF ANY OF THE COMPANY PARTIES.
(b)In no event shall the Released Claims include (i) any claim that arises after the date that Executive signs this Agreement; (ii) any claim to vested benefits under an employee benefit plan that is subject to ERISA; (iii) any claim for breach of, or otherwise arising out of, this Agreement; or (iv) any claim for indemnification, advancement of expenses or D&O liability insurance coverage under any indemnification agreement with the Company or the Company’s governing documents or the Company’s D&O insurance policies. Further notwithstanding this release of liability, nothing in this Agreement prevents Executive from filing any non-legally waivable claim (including a challenge to the validity of this Agreement) with the Equal Employment Opportunity Commission (“EEOC”) or comparable state or local agency or participating in (or cooperating with) any investigation or proceeding conducted by the EEOC or comparable state or local agency or cooperating in any such investigation or proceeding; however, Executive understands and agrees that Executive is waiving any and all rights to recover any monetary or personal relief from a Company Party as a result of such EEOC or comparable state or local agency or proceeding or subsequent legal actions. Further, nothing in this Agreement prohibits or restricts Executive from filing a charge or complaint with, or cooperating in any investigation with, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, or any other governmental agency, entity or authority (each, a “Government Agency”). This Agreement does not limit Executive’s right to receive an award for information provided to a Government Agency.
3.Representations and Warranties Regarding Claims.  Executive represents and warrants that, as of the time at which Executive signs this Agreement, Executive has not filed or 
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joined any claims, complaints, charges, or lawsuits against any of the Company Parties with any governmental agency or with any state or federal court or arbitrator for, or with respect to, a matter, claim, or incident that occurred or arose out of one or more occurrences that took place on or prior to the time at which Executive signs this Agreement. Executive further represents and warrants that Executive has not made any assignment, sale, delivery, transfer or conveyance of any rights Executive has asserted or may have against any of the Company Parties with respect to any Released Claim.
4.Consulting Services. 
(a)Provided that Executive’s employment is not terminated pursuant to Section 1(c) hereof, for the period beginning on the Separation Date and continuing through the six-month  anniversary of the Separation Date (such period, as it may be earlier terminated as provided in Section 4(d), the “Consulting Period”), the Company and Executive agree that Executive shall serve as a consultant to the Company providing transition and advisory services, on a part-time, as-needed basis, as may be requested from time to time by the Company’s Chief Executive Officer or the Board (the “Services”).  
(b)During the Consulting Period, as compensation for the Services, Executive shall receive a consulting fee of $60,000 per month, payable within 30 days following the conclusion of each month in accordance with the Company’s standard vendor payment procedures. As an independent contractor, no income or other taxes shall be withheld from the amounts paid to Executive pursuant to this Section 4(b) and Executive acknowledges and agrees that he is responsible for all taxes thereon.
(c)During the Consulting Period, Executive’s relationship with the Company shall be that of an independent contractor.  Executive shall control and determine how the Services are to be accomplished; provided, however, that in all events Executive shall perform the Services in a quality, workmanlike manner and within reasonable deadlines established by the Board and consistent with the professional talent of Executive that Executive applied during Executive’s prior service with the Company.  As an independent contractor, Executive shall not participate as an active employee in any employee benefit plan of the Company or an affiliate.
(d)Notwithstanding any other provision of this Section 4, the Consulting Period may be terminated at any time (i) by the Company for Cause or (ii) as a result of Executive’s death or Disability.  The Consulting Period may further be terminated by mutual agreement of the Parties.
5.Continuing Obligations.  Executive acknowledges and agrees that Executive has continuing obligations to the Company and its affiliates pursuant to the CIC Severance Agreement and Executive’s Award Agreements, including obligations relating to confidentiality, intellectual property, non-disparagement, non-solicitation, non-competition and the return of Company property (collectively, the “Covenants”). In entering into this Agreement, Executive acknowledges the continued effectiveness and enforceability of the Covenants, and Executive expressly reaffirms Executive’s commitment to abide by, and agrees that Executive will abide by, the terms of the Covenants.
6.Cooperation.  Executive agrees to reasonably cooperate with the Company in any internal investigation, any administrative, regulatory, or judicial proceeding or any dispute with a third party. Executive understands and agrees that Executive’s cooperation may include, but not be limited to, making Executive available to the Company upon reasonable notice for interviews and factual investigations; appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process; volunteering to the Company pertinent information received by Executive in Executive’s capacity as an Executive; and turning over to the Company all relevant documents which are or may come into Executive’s possession in 
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Executive’s capacity an Executive or otherwise, all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and commitments. The Company shall pay all reasonable expenses incurred by Executive in providing such cooperation.
7.Executive’s Acknowledgements.  By executing and delivering this Agreement, Executive expressly acknowledges that:
(a)Executive has been given at least 21 days to review and consider this Agreement. If Executive signs this Agreement before the expiration of 21 days after Executive’s receipt of this Agreement, Executive has knowingly and voluntarily waived any longer consideration period than the one provided to Executive. No changes (whether material or immaterial) to this Agreement shall restart the running of this 21-day period;
(b)Executive is receiving, pursuant to this Agreement, consideration in addition to anything of value to which Executive is already entitled;
(c)Executive has been advised, and hereby is advised in writing, to discuss this Agreement with an attorney of Executive’s choice and that Executive has had an adequate opportunity to do so prior to executing this Agreement;
(d)Executive fully understands the final and binding effect of this Agreement; the only promises made to Executive to sign this Agreement are those stated herein; and Executive is signing this Agreement knowingly, voluntarily and of Executive’s own free will, and that Executive understands and agrees to each of the terms of this Agreement;
(e)The only matters relied upon by Executive in causing Executive to sign this Agreement are the provisions set forth in writing within the four corners of this Agreement; and
(f)No Company Party has provided any tax or legal advice regarding this Agreement, and Executive has had an adequate opportunity to receive sufficient tax and legal advice from advisors of Executive’s own choosing such that Executive enters into this Agreement with full understanding of the tax and legal implications thereof.
8.Revocation Right.  Notwithstanding the initial effectiveness of this Agreement upon execution by the Parties, Executive may revoke the delivery (and therefore the effectiveness) of this Agreement within the seven-day period beginning on the date that he signs this Agreement (such seven-day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered personally or by courier to the Company so that it is received by Daniel Fuller, Senior Vice President, General Counsel & Secretary, Brinker International, Inc., 3000 Olympus Blvd., Dallas, TX 75240, dan.fuller@brinker.com, no later than 11:59 pm CT on the last day of the Release Revocation Period.  If an effective revocation is delivered in the foregoing manner and timeframe, the release of claims set forth in Section 2 will be of no force or effect and Executive will not receive the benefits set forth in Section 1(b) or Section 4 hereof.
9.Confirming Release.  Within 21 days following the Separation Date, Executive shall execute the Confirming Release Agreement that is attached as Exhibit A (the “Confirming Release”) and return them same to the Company, Attn: Daniel Fuller, Senior Vice President, General Counsel & Secretary, Brinker International, Inc., 3000 Olympus Blvd., Dallas, TX 75240, dan.fuller@brinker.com.
10.Governing Law; Arbitration.  This Agreement shall be governed by the laws of the State of Texas without reference to its principles of conflict of law.  This Agreement is intended to supplement, and not supersede, any remedies or claims that may be available to the Company 
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under applicable common and/or statutory law, including, without limitation, any common law and/or statutory claims relating to the misappropriation of trade secrets and/or unfair business practices.  The Parties agree that the arbitration provisions set forth in Section 17 of the CIC Severance Agreement are incorporated herein by reference and shall apply to any dispute under this Agreement or the Confirming Release mutatis mandamus. 
11.Counterparts.  This Agreement may be executed in several counterparts, including by .PDF or .GIF attachment to email or by facsimile, each of which is deemed to be an original, and all of which taken together constitute one and the same agreement.
12.Amendment; Entire Agreement.  This Agreement may not be changed orally but only by an agreement in writing agreed to and signed by the Party to be charged. This Agreement, the Award Agreements and the surviving provisions of the CIC Severance Agreement described herein constitute the entire agreement of the Parties with regard to the subject matter hereof and supersede all prior and contemporaneous agreements and understandings, oral or written, between Executive and any Company Party with regard to the subject matter hereof.  For the avoidance of doubt, the Parties acknowledge and agree that Sections 3 through 6 of the CIC Severance Agreement are of no further force and effect upon and following the Transition Date.
13.Third-Party Beneficiaries.  Executive expressly acknowledges and agrees that each Company Party that is not a party to this Agreement shall be a third-party beneficiary of Section 2 hereof and of the Confirming Release and entitled to enforce such provisions as if it were a party hereto.
14.Further Assurances.  Executive shall, and shall cause Executive’s affiliates, representatives and agents to, from time to time at the request of the Company and without any additional consideration, furnish the Company with such further information or assurances, execute and deliver such additional documents, instruments and conveyances, and take such other actions and do such other things, as may be reasonably necessary or desirable, as determined in the sole discretion of the Company, to carry out the provisions of this Agreement.
15.Severability.  Any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) hereof invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such modification or severance shall be accomplished in the manner that most nearly preserves the benefit of the Parties’ bargain hereunder.
16.Interpretation.  The Section headings have been inserted for purposes of convenience and shall not be used for interpretive purposes. The words “hereof,” “herein” and “hereunder” and other compounds of the word “here” shall refer to the entire Agreement and not to any particular provision hereof. The use herein of the word “including” following any general statement, term or matter shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation”, “but not limited to”, or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible scope of such general statement, term or matter. The word “or” as used herein is not exclusive and is deemed to have the meaning “and/or.” Unless the context requires otherwise, all references herein to a law, agreement, instrument or other document shall be deemed to refer to such law, agreement, instrument or other document as amended, supplemented, modified and restated from time to time to the extent permitted by the provisions thereof. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against any Party, whether under any rule of construction or otherwise. This Agreement has been reviewed by each of the Parties and shall be 
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construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of the Parties.
17.No Assignment.  No right to receive payments and benefits under this Agreement shall be subject to set off, offset, anticipation, commutation, alienation, assignment, encumbrance, charge, pledge or hypothecation or to execution, attachment, levy, or similar process or assignment by operation of law.
18.Withholdings; Deductions.  The Company may withhold and deduct from any payments or benefits made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any other deductions consented to in writing by Executive.
19.Section 409A.  This Agreement and the benefits provided hereunder are intended be exempt from, or compliant with, the requirements of Section 409A and shall be construed and administered in accordance with such intent. Each installment payment under this Agreement shall be deemed and treated as a separate payment for purposes of Section 409A. Notwithstanding the foregoing, the Company makes no representations that the benefits provided under this Agreement are exempt from the requirements of Section 409A and in no event shall the Company or any other Company Party be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Executive on account of non-compliance with Section 409A.

[Signature page follows.]
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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the dates set forth beneath their names below, effective for all purposes as provided above.

                        
EXECUTIVE

									
	Date: May 31, 2022	By:	/S/ WYMAN T. ROBERTS
			Wyman T. Roberts,

BRINKER INTERNATIONAL, INC.

									
	Date: June 1, 2022	By:	/S/ JOSEPH M. DEPINTO
			Name: Joseph M. DePinto
			Title: Chairman of the Board

Signature Page to
Transition Services and Separation Agreement

EXHIBIT A

CONFIRMING RELEASE AGREEMENT

    This Confirming Release Agreement (the “Confirming Release”) is that certain Confirming Release referenced in the Transition Services and Separation Agreement (the “Separation Agreement”), entered into by and between Brinker International, Inc. (the “Company”) and Wyman T. Roberts (“Executive”). Unless sooner revoked by Executive pursuant to the terms of Section 5 below, Executive’s acceptance of this Confirming Release becomes irrevocable and this Confirming Release becomes effective on the eighth day after Executive signs it. Capitalized terms used herein that are not otherwise defined have the meanings assigned to them in the Separation Agreement. In signing below, Executive agrees as follows:
1.Receipt of Leaves and Other Compensation.  Executive acknowledges and agrees that, with the exception of any unpaid base salary earned by Executive in the pay period that the Separation Date occurred and settlement of outstanding equity awards in accordance with the terms of applicable Award Agreements and the Separation Agreement, Executive has been paid in full all bonuses, been provided all benefits, and otherwise received all wages, compensation and other sums that Executive has been owed by each Company Party. Executive further acknowledges and agrees that Executive has received all leaves (paid and unpaid) that Executive has been entitled to receive from each Company Party.
2.Release of Liability for Claims.
(a)For good and valuable consideration, including the consideration set forth in Sections 1 and 4 of the Separation Agreement, Executive knowingly and voluntarily (for and on behalf of Executive, Executive’s family, and Executive’s heirs, executors, administrators and assigns) hereby releases and forever discharges the Company Parties from liability for, and Executive hereby waives, any and all claims, damages, or causes of action of any kind related to Executive’s employment with any Company Party, the termination of such employment, and any other acts or omissions related to any matter occurring on or prior to the date that Executive executes this Confirming Agreement, including (i) any alleged violation through such time of: (A) any federal, state or local anti-discrimination or anti-retaliation law, regulation or ordinance, including the Age Discrimination in Employment Act of 1967 (including as amended by the Older Workers Benefit Protection Act), Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, Sections 1981 through 1988 of Title 42 of the United States Code and the Americans with Disabilities Act of 1990; (B) ERISA; (C) the Immigration Reform Control Act; (D) the National Labor Relations Act; (E) the Occupational Safety and Health Act; (F) the Family and Medical Leave Act of 1993; (G) the Texas Labor Code (specifically including the Texas Payday Law, the Texas Anti-Retaliation Act, Chapter 21 of the Texas Labor Code, and the Texas Whistleblower Act; (H) any federal, state or local wage and hour law; (I) any other local, state or federal law, regulation or ordinance; or (J) any public policy, contract, tort, or common law claim; (ii) any allegation for costs, fees, or other expenses including attorneys’ fees incurred in or with respect to a Further Released Claim (as defined below); and (iii) any claim for compensation or benefits of any kind not expressly set forth in this Confirming Release or the Separation Agreement (collectively, the “Further Released Claims”). This Confirming Release is not intended to indicate that any such claims exist or that, if they do exist, they are meritorious. Rather, Executive is simply agreeing that, in exchange for any consideration received by Executive pursuant to Sections 1 and 4 of the Separation Agreement, any and all potential claims of this nature that Executive may have against the Company Parties, regardless of whether they actually exist, are expressly settled, compromised and waived. THIS RELEASE INCLUDES MATTERS ATTRIBUTABLE TO THE SOLE OR PARTIAL NEGLIGENCE 
Exhibit A-1

(WHETHER GROSS OR SIMPLE) OR OTHER FAULT, INCLUDING STRICT LIABILITY, OF ANY OF THE COMPANY PARTIES.
(b)In no event shall the Further Released Claims include (i) any claim that arises after the date that Executive signs this Confirming Release; (ii) any claim to vested benefits under an employee benefit plan that is subject to ERISA; (iii) any claim for breach of, or otherwise arising out of, this Confirming Release; and (iv) any claim for indemnification, advancement of expenses or D&O liability insurance coverage under any indemnification agreement with the Company or the Company’s governing documents or the Company’s D&O insurance policies. Further notwithstanding this release of liability, nothing in this Confirming Release prevents Executive from filing any non-legally waivable claim (including a challenge to the validity of this Confirming Release) with the EEOC or comparable state or local agency or participating in (or cooperating with) any investigation or proceeding conducted by the EEOC or comparable state or local agency or cooperating in any such investigation or proceeding; however, Executive understands and agrees that Executive is waiving any and all rights to recover any monetary or personal relief from a Company Party as a result of such EEOC or comparable state or local agency or proceeding or subsequent legal actions. Further, nothing in this Confirming Release or the Separation Agreement prohibits or restricts Executive from filing a charge or complaint with, or cooperating in any investigation with, any Government Agency. This Confirming Release does not limit Executive’s right to receive an award for information provided to a Government Agency.
3.Representations and Warranties Regarding Claims.  Executive represents and warrants that, as of the time at which Executive signs this Confirming Release, Executive has not filed or joined any claims, complaints, charges, or lawsuits against any of the Company Parties with any governmental agency or with any state or federal court or arbitrator for, or with respect to, a matter, claim, or incident that occurred or arose out of one or more occurrences that took place on or prior to the time at which Executive signs this Confirming Release. Executive further represents and warrants that Executive has not made any assignment, sale, delivery, transfer or conveyance of any rights Executive has asserted or may have against any of the Company Parties with respect to any Further Released Claim.
4.Executive’s Acknowledgements.  By executing and delivering this Confirming Release, Executive expressly acknowledges that:
(a)Executive has been given at least 21 days to review and consider this Confirming Release. If Executive signs this Confirming Release before the expiration of 21 days after Executive’s receipt of this Confirming Release, Executive has knowingly and voluntarily waived any longer consideration period than the one provided to Executive. No changes (whether material or immaterial) to this Confirming Release shall restart the running of this 21-day period;
(b)Executive is receiving, pursuant to this Confirming Release, consideration in addition to anything of value to which Executive is already entitled;
(c)Executive has been advised, and hereby is advised in writing, to discuss this Confirming Release with an attorney of Executive’s choice and that Executive has had an adequate opportunity to do so prior to executing this Confirming Release;
(d)Executive fully understands the final and binding effect of this Confirming Release; the only promises made to Executive to sign this Confirming Release are those stated herein; and Executive is signing this Confirming Release knowingly, voluntarily and of Executive’s own free will, and that Executive understands and agrees to each of the terms of this Confirming Release;
A-2

(e)The only matters relied upon by Executive in causing Executive to sign this Confirming Release are the provisions set forth in writing within the four corners of this Confirming Release; and
(f)No Company Party has provided any tax or legal advice regarding this Confirming Release, and Executive has had an adequate opportunity to receive sufficient tax and legal advice from advisors of Executive’s own choosing such that Executive enters into this Confirming Release with full understanding of the tax and legal implications thereof.
5.Revocation Right.  Notwithstanding the initial effectiveness of this Confirming Release, Executive may revoke the delivery (and therefore the effectiveness) of this Confirming Release within the seven-day period beginning on the date Executive executes this Confirming Release (such seven-day period being referred to herein as the “Confirming Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered personally or by courier to the Company so that it is received by Daniel Fuller, Senior Vice President, General Counsel & Secretary, Brinker International, Inc., 3000 Olympus Blvd., Dallas, TX 75240, dan.fuller@brinker.com no later than 11:59 pm CT on the last day of the Confirming Release Revocation Period. If an effective revocation is delivered in the foregoing manner and timeframe, this Confirming Release will be of no force or effect and Executive will not receive the benefits set forth in Sections 1(b)(iv) or 4 of the Separation Agreement.
EXECUTIVE HAS CAREFULLY READ THIS CONFIRMING RELEASE, FULLY UNDERSTANDS HIS AGREEMENT, AND SIGNS IT AS HIS OWN FREE ACT. 

EXECUTIVE

									
	Date: May 31, 2022	By:	/S/ WYMAN T. ROBERTS
			Wyman T. Roberts,

A-3Exhibit 10.1

 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

This Amended
and Restated Employment Agreement (the “Agreement”) is made and shall be effective as of the 26th day of August,
2022 (the “Effective Date”), by and among COMMUNITYBANK OF TEXAS, National Association, having a principal place of
business at 9 Greenway Plaza, Suite 110, Houston, TX 77046 (together with its successors and assigns, the “Bank”),
and Travis Jaggers, an individual who resides in the State of Texas (“Employee”).

 

WHEREAS, Employee is currently
employed by the Bank pursuant to that certain Employment Agreement dated January 4, 2016 (the “Prior Employment Agreement”);

 

WHEREAS, this Agreement is
being entered into in connection with the Agreement and Plan of Merger, dated as of November 5, 2021 (the “Merger Agreement”),
by and between CBTX, Inc. (“CBTX”) and Allegiance Bancshares, Inc., a Texas corporation (“Allegiance”);
and

 

WHEREAS, immediately following
the date and time at which the merger of Allegiance with and into CBTX (the “Merger”) is effective pursuant to the
Merger Agreement, referred to herein as the “Effective Time”, Employee shall continue employment with the Bank pursuant
to the terms of this Agreement;

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants hereinafter set forth, and intending to be legally bound hereby, it is hereby agreed as follows:

 

Article
1: Effective Date; Bank Merger 

 

1.1              
EFFECTIVE DATE OF AGREEMENT. This Agreement shall become effective at the Effective Time. If the Merger Agreement terminates for
any reason without consummation of the Merger, this Agreement shall be null and void ab initio. At the Effective Time, this Agreement
shall supersede and replace the Prior Employment Agreement in its entirety.

 

1.2              
BANK MERGER. Following the completion of the Merger, the Bank will merge (the “Bank Merger”) with and into Allegiance
Bank, a Texas state banking association and wholly owned subsidiary of Allegiance (“Allegiance Bank”), with Allegiance
Bank as the surviving bank (the “Combined Bank”). From and after the Bank Merger, all references herein to the “Bank”
shall mean the Combined Bank.

 

Article
2: Employment, Compensation, and Expenses

 

2.1              
EMPLOYMENT. The Bank shall continue to employ Employee, and Employee accepts such continued employment with the Bank upon all of
the terms and conditions described in this Agreement and for the Term as set forth on Exhibit A (the “Term”).

 

2.2              
WORK RESPONSIBILITIES. Subject to the terms of this Agreement, Employee is employed in the position at the Bank indicated on Exhibit
A to this Agreement and shall perform the functions and responsibilities of that position. Additional or different duties may be assigned
by the Board of Directors of the Bank (the “Board”). Employee’s position, job descriptions, duties and responsibilities
may be modified from time to time in the sole discretion of the Board.

 

     

     

    

 

2.3              
COMPENSATION. As consideration for the services and covenants described in this Agreement, the Bank agrees to compensate Employee
in the following manner:

 

a.       Salary. The Bank agrees to pay the Annual Base Salary stated on the attached Exhibit A in regular installments in accordance
with the Bank’s usual payment practices.

 

b.       Employment Benefits and Compensation Plans, Policies, and Arrangements. Employee shall be entitled to employment benefits
such as but not limited to vacation, holidays, leaves of absence, health insurance, dental insurance, etc., if any, available to employees
of the Bank generally, in accordance with any policies, procedures, or benefit plans adopted by the Bank from time to time during the
existence of this Agreement. Moreover, Employee shall be eligible to receive such other compensation as stated on Exhibit A. Employee’s
rights or those of Employee’s dependents under any such benefits or compensation policies, plans or arrangements shall be governed
solely by the terms of such policies, plans, or arrangements. The Bank reserves to itself, or its designated administrators, exclusive
authority and discretion to determine all issues of eligibility, interpretation and administration of each such benefit or compensation
plan, policy or arrangement. The Bank’s employment benefits and compensation arrangements, and policies related thereto, are subject
to termination, modification or limitation at the Bank’s sole discretion.

 

c.       Total Compensation. Employee agrees that the compensation stated above and as stated on Exhibit A constitutes the full and
exclusive monetary consideration and compensation for all services rendered under this Agreement and for all promises and obligations
under this Agreement.

 

2.4              
BUSINESS EXPENSES. The Bank shall pay Employee’s reasonable and necessary business expenses, including expenses incurred
for travel on Bank business, in accordance with the policies and procedures of the Bank, as may be adopted or amended from time to time
at the Bank’s sole discretion. If Employee incurs business expenses under this Agreement, Employee shall submit to the Bank a periodic
request for reimbursement together with supporting documentation satisfactory to the Bank.

 

2.5              
LOYAL PERFORMANCE OF RESPONSIBILITIES. Employee shall devote the whole of Employee’s professional time, attention and energies
to the performance of Employee’s work responsibilities and shall not, either directly or indirectly, alone or in partnership, consult
with, advise, work for or have any interest in any other business or pursuit during Employee’s employment under this Agreement.
Included in the foregoing, but not limited thereto, during the Term Employee shall not, directly or indirectly, engage in, or serve as
an officer, director, employee, partner, agent or consultant, or otherwise hold any ownership interest in any entity which engages in
any business which competes with that of the Bank. Any modification of this paragraph shall be made only by an agreement in writing signed
by Employee and an authorized representative of the Bank.

 

Article
3: Confidential Information; Post-Employment Obligations; Bank Property

 

3.1              
BANK PROPERTY. All written materials, records, data, customer lists and other documents prepared or possessed by Employee during
Employee’s employment by the Bank are the Bank’s property. All information, ideas, concepts, improvements, discoveries, and
inventions that are conceived, made, developed, or acquired by Employee individually or in conjunction with others during Employee’s
employment (whether during business hours and whether on Bank’s premises or otherwise) which relate to Bank business, products,
or services are the Bank’s sole and exclusive property. All memoranda, notes, records, files, correspondence, drawings, manuals,
models, specifications, computer programs, maps, and all other documents, data, or materials of any type embodying such information, ideas,
concepts, improvements, discoveries, and inventions are Bank property. At the termination of Employee’s employment with the Bank
for any reason, Employee shall return all of the Bank’s documents, data, or other Bank property to the Bank.

 

    2

     

    

 

3.2              
CONFIDENTIAL INFORMATION, NON-DISCLOSURE. Employee acknowledges that the business of the Bank, CBTX, Allegiance, Allegiance Bank,
and their respective subsidiaries and affiliates (the “Bank Group”) is highly competitive and that the Bank Group has
provided and will continue to provide Employee with access to Confidential Information relating to the business of the Bank Group. “Confidential
Information” means and includes the Bank Group’s confidential and/or proprietary information and/or trade secrets that
have been developed or used and/or will be developed and that cannot be obtained readily by third parties from outside sources. Confidential
Information includes, by way of example and without limitation, the following: any information regarding customers, employees, contractors,
and the industry not generally known to the public; strategies, methods, books, records, and documents; technical information concerning
products, equipment, services, and processes; procurement procedures and pricing techniques; the names of and other information concerning
customers, investors, and business affiliates (such as contact name, service provided, pricing for that customer, amount of services used,
credit and financial data, and/or other information relating to the Bank Group’s relationship with that customer); pricing strategies
and price curves; plans and strategies for expansion or acquisitions; budgets; customer lists; research; financial and sales data; trading
terms; evaluations, opinions, and interpretations of information and data; marketing and merchandising techniques; prospective customers’
names and marks; grids and maps; electronic databases; models; specifications; computer programs; internal business records; contracts
benefiting or obligating the Bank Group; bids or proposals submitted to any third party; technologies and methods; training methods and
training processes; organizational structure; salaries of personnel; payment amounts or rates paid to consultants or other service providers;
and other such confidential or proprietary information. Employee acknowledges that this Confidential Information constitutes a valuable,
special, and unique asset used by the Bank Group in its business to obtain a competitive advantage over the Bank Group’s competitors.
Employee further acknowledges that protection of such Confidential Information against unauthorized disclosure and use is of critical
importance to the Bank Group in maintaining its competitive position.

 

Employee also will have access
to, or knowledge of, Confidential Information of third parties, such as actual and potential customers, suppliers, partners, joint venturers,
investors, financing sources and the like, of the Bank Group.

 

Employee agrees that Employee
will not, at any time during or after Employee’s employment with the Bank, make any unauthorized disclosure of any Confidential
Information of the Bank Group, or make any use thereof, except in the carrying out of Employee’s employment responsibilities hereunder.
Employee also agrees to preserve and protect the confidentiality of third party Confidential Information to the same extent, and on the
same basis, as the Bank’s Confidential Information.

 

3.3              
NON-COMPETITION OBLIGATIONS. Employee acknowledges that the Bank has provided and has hereby agreed to continue to provide Employee
with access to Confidential Information. Ancillary to Employee’s agreement not to disclose Confidential Information, to protect
the Confidential Information described above, and in consideration for Employee’s receiving continued access to this Confidential
Information and compensation stated in this Agreement, the Bank and Employee agree to the following non-competition provisions. Employee
agrees that during the period of Employee’s unfair competition obligations as stated on Exhibit A, Employee will not, directly or
indirectly, for Employee or others, in the geographic region stated on Exhibit A, or, if Employee’s geographic region has changed,
in any and all geographic regions in which Employee has worked for the 12-month period immediately preceding Employee’s termination
of Employment:

 

    3

     

    

 

a.       engage in any business conducted by the Bank Group related to community banking and/or financial activities in which the Bank Group
is doing business, has plans to engage in business, or has engaged in business in the preceding 12-month period;

 

b.       perform any job, task, function, or responsibility that Employee has provided for the Bank Group in the preceding 12-month period;
or

 

c.       render advice or services to, or otherwise assist, any other person, association or entity in the business of “a,”
or “b” above.

 

Employee understands that
the foregoing restrictions may limit Employee’s ability to engage in certain businesses in the geographic region and during the
period provided for above, but acknowledges that these restrictions are necessary to protect the Confidential Information the Bank has
provided or made available to Employee.

 

Employee agrees that this
provision defining the scope of activities constituting prohibited competition with the Bank Group is narrow and reasonable for the following
reasons: (i) Employee is free to seek employment with other companies providing services that do not directly or indirectly compete with
any business of the Bank Group; (ii) Employee is free to seek employment with other companies in the banking business that do not directly
or indirectly compete with any business of the Bank Group; and (iii) there are many other companies in the banking business that do not
directly or indirectly compete with any business of the Bank Group. Thus, this restriction on Employee’s ability to compete does
not prevent Employee from using and offering the skills that Employee possessed prior to receiving Confidential Information, specialized
training, and knowledge from the Bank.

 

3.4              
NON-SOLICITATION OF CUSTOMERS. For the period of Employee’s unfair competition obligations as stated on Exhibit A, Employee
will not call on, service, solicit, or accept competing business from customers of the Bank Group with whom Employee, within the previous
twenty-four (24) months, (i) had or made contact, or (ii) had access to information and files regarding. These restrictions are limited
by geography to the specific places, addresses, or locations where a customer is present and available for soliciting or servicing.

 

3.5              
NON-SOLICITATION OF EMPLOYEES. For the period of Employee’s unfair competition obligations as stated on Exhibit A, Employee
will not, either directly or indirectly, call on, solicit, or induce any other employee or officer of the Bank Group whom Employee had
contact with, knowledge of, or association with in the course of employment with the Bank Group to terminate his or her employment, and
will not assist any other person or entity in such a solicitation.

 

3.6              
EARLY RESOLUTION CONFERENCE/ARBITRATION. The parties are entering into this Agreement with the express understanding that this
Agreement is clear and fully enforceable as written. If Employee ever decides later to contend that any restriction on activities imposed
by this Agreement no longer is enforceable as written or does not apply to an activity in which Employee intends to engage on behalf of
a competing business, Employee first will notify the Bank in writing and meet with a Bank representative at least 14 days before engaging
in any activity that foreseeably could fall within the questioned restriction to discuss resolution of such claims.

 

3.7              
WARRANTY AND INDEMNIFICATION. Employee warrants that Employee is not a party to any other restrictive agreement limiting Employee’s
activities for the Bank. Employee further warrants that at the time of the signing of this Agreement, Employee knows of no written or
oral contract or of any other impediment that would inhibit or prohibit employment with the Bank and that Employee will not knowingly
use any trade secret, confidential information, or other intellectual property right of any other party in the performance of Employee’s
duties hereunder. Employee shall hold the Bank harmless from any and all suits and claims arising out of any breach of such restrictive
agreement or contracts.

 

    4

     

    

 

3.8              
EQUITABLE RELIEF. Employee and the Bank agree that in the event of a breach or threatened breach by Employee of any paragraph in
Article 3 of this Agreement, the Bank will not have an adequate remedy at law. Thus, in the event of such a breach or threatened breach,
the Bank will be entitled to such equitable and injunctive relief as may be available to prevent and restrain Employee from breaching
the provisions of any paragraph in Article 3. The availability to obtain injunctive relieve will not prevent the Bank from pursuing any
other equitable or legal relief, including the recovery of damages from such breach or threatened breach.

 

Article
4: Termination of Employment

 

4.1              
TERMINATION. The Bank may terminate the employment of Employee with or without “Cause” and Employee may terminate his
employment with or without “Good Reason” prior to the expiration of the Term. Unless Employee’s employment with the
Bank is earlier terminated as provided in this Section 4.1, Employee’s employment with the Bank shall automatically terminate upon
the expiration of the Term. Except as otherwise provided in Section 4.2, if Employee’s employment with the Bank ends for any reason,
Employee shall be entitled only to his earned but unpaid base salary through the date of such termination, a cash payment for accrued
but unused paid time off, any earned but unpaid cash bonuses for any prior period which remain unpaid as of the Employee’s date
of termination (without duplication for any Pro Rata Bonus (as defined in Exhibit A) payable pursuant to Section 4.2), and unpaid expense
reimbursements, and all future compensation and benefits shall cease (except for compensation and benefits vested per plan terms).

 

4.2              
SEVERANCE. If (a) the Bank terminates Employee without Cause, (b) Employee terminates employment for Good Reason, or (c) Employee’s
employment with the Bank terminates upon the expiration of the Term, Employee shall be entitled to the “Severance” listed
on Exhibit A. For purposes of this Section 4.2, the following definitions apply:

 

a.       “Cause” shall mean: an act or acts of dishonesty or disloyalty by Employee materially and adversely affecting
the Bank or any related entity; Employee’s material breach of any of his obligations of this Agreement; Employee’s gross negligence
or willful misconduct in performance of the duties and services required of him under this Agreement; or Employee’s conviction of
a felony or Employee’s conviction of a misdemeanor involving moral turpitude.

 

b.       “Good Reason” shall mean the occurrence of any of the following after the Effective Time: the assignment to
Employee of any duties materially inconsistent in any respect with Employee’s position (including situs, office and title), authority,
duties and responsibilities as contemplated by Section 2.2 of this Agreement, excluding any isolated, insubstantial or inadvertent action
not taken in bad faith and which is remedied by the Bank promptly after notice of such action; provided, however, that a
change to Employee’s duties, in order to constitute Good Reason to resign under this Section 4.2(b) must also constitute a material
diminution in Employee’s authority, duties, or responsibilities; any material failure by the Bank to comply with any of the provisions
of this Agreement; the Bank requiring Employee to be based at any office outside Harris County or other mutually agreed location; provided,
however, that any such change in Employee’s workplace must also constitute a material change in the geographic location of
Employee’s primary workplace; or any material reduction in annual salary as stated in Section 2.3 or as hereafter increased. In
all events, Employee’s resignation shall not be deemed to be for Good Reason under this Section 4.2(b), unless the following conditions
are met: Employee must provide notice to the Bank of the existence of the condition claimed by Employee to constitute Good Reason to resign
within ninety (90) days of the initial existence of such condition; the Bank must have failed to remedy such condition within thirty (30)
days following the Bank’s receipt of such notice; and Employee must separate from service with the Bank within thirty (30) days
following the end of the Bank’s cure period described above.

 

    5

     

    

 

4.3              
Notwithstanding any provisions of this Agreement to the contrary, in the event that the aggregate payments or benefits to be made
or afforded pursuant to this Agreement, would be deemed to include an “excess parachute payment” under Section 280G of the
Internal Revenue Code, then the severance payments under Section 4.2 shall be reduced to an amount which is One Dollar ($1.00) less than
the greatest amount allowed to be paid under Section 280G without constituting an “excess parachute payment.”

 

4.4              
This Agreement shall be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid
or provided in a manner that is either exempt from or compliant with the requirements Section 409A of the Code (“Section 409A”)
and applicable advice and regulations issued thereunder. The intent of the parties is that payments and benefits under this Agreement
comply with Section 409A to the extent subject thereto, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted
and administered to be in compliance therewith. Notwithstanding anything herein to the contrary: (i) if at the time of Employee’s
termination of employment with the Bank, Employee is a “specified employee” as defined in Section 409A and the deferral of
the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in
order to prevent any accelerated or additional tax under Section 409A, then the Bank will defer the commencement of the payment of any
such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to Employee) until
the date that is six (6) months following Employee’s termination of employment with the Bank (or the earliest date as is permitted
under Section 409A); (ii) if any other payments of money or other benefits due to Employee hereunder could cause the application of an
accelerated or additional tax under Section 409A, such payments or other benefits shall be deferred if deferral will make such payment
or other benefits compliant under Section 409A, or otherwise such payment or other benefits shall be restructured, to the extent possible,
in a manner, determined by the Board that does not cause such an accelerated or additional tax; (iii) to the extent required in order
to avoid accelerated taxation and/or tax penalties under Section 409A, Employee shall not be considered to have terminated employment
with the Bank for purposes of this Agreement and no payment shall be due to Employee under this Agreement until Employee would be considered
to have incurred a “separation from service” from the Bank within the meaning of Section 409A; and (iv) each amount to be
paid or benefit to be provided to Employee pursuant to this Agreement, which constitute deferred compensation subject to Section 409A,
shall be construed as a separate identified payment for purposes of Section 409A. To the extent required to avoid an accelerated or additional
tax under Section 409A, amounts reimbursable to Employee under this Agreement shall be paid to Employee on or before the last day of the
year following the year in which the expense was incurred and the amount of expenses eligible for reimbursement (and in-kind benefits
provided to Employee) during any one year may not effect amounts reimbursable or provided in any subsequent year; provided, however,
that with respect to any reimbursements for any taxes which Employee would become entitled to under the terms of this Agreement, the payment
of such reimbursements shall be made by the Bank no later than the end of the calendar year following the calendar year in which Employee
remits the related taxes. The Bank shall consult with Employee in good faith regarding the implementation of the provisions of this Section
4.4; provided that neither the Bank nor any of its employees or representatives shall have any liability to Employee with respect
to thereto. Whenever in this Agreement the provision of payment or benefit is conditioned on Employee’s execution and non-revocation
of a waiver and release of claims, such waiver and release must be executed, and all revocation periods must have expired, within sixty
(60) days after the date of termination of Employee’s employment, but the Bank may elect to commence payment at any time during
such sixty (60)-day period, provided, however, to the extent that the payment or benefit is “deferred compensation”
within the meaning of and subject to Section 409A, such payment shall be made in the later year if the sixty (60) day period spans two
taxable years.

 

    6

     

    

 

4.5              
DEEMED RESIGNATIONS. Unless otherwise agreed to in writing by Employee and the applicable member of the Bank Group prior to the
termination of Employee’s employment, any termination of Employee’s employment with the Bank will constitute an automatic
resignation of Employee as an officer of any member of the Bank Group. For avoidance of doubt, termination of Employee’s employment
with the Bank will not, by itself, result in Employee’s resignation as a member of the Board of Directors of CBTX or the Bank.

 

Article
5: Miscellaneous

 

5.1              
GOVERNING LAW. This Agreement shall be construed in accordance with and governed by the laws of the State of Texas.

 

5.2              
INTERPRETATION. This Agreement shall be interpreted in accordance with the plain meaning of its terms and not strictly for or against
either party.

 

5.3              
HEADINGS. The headings of this Agreement are intended solely for the convenience of reference and should be given no effect in
the construction or interpretation of this Agreement.

 

5.4              
ENTIRE AGREEMENT. This Agreement embodies the complete agreement and understanding of the parties related to Employee’s employment
by the Bank, superseding any and all other prior or contemporaneous oral or written agreements between the parties hereto with respect
to the employment of Employee by the Bank, and contains all of the covenants and agreements of any kind whatsoever between the parties
with respect to such employment. Each party acknowledges that no representations, inducements, promises or agreements, whether oral or
written, express or implied, have been made by either party or anyone acting on behalf of a party, that are not incorporated herein and
that no other agreement or promise not contained herein shall be valid or binding.

 

5.5              
Employment Taxes. All payments made pursuant to this Agreement will be subject to
withholding of applicable income and employment taxes.

 

5.6              
MODIFICATION. This Agreement may be amended only by an agreement in writing signed by Employee and the Bank.

 

5.7              
WAIVER. The failure of either party to insist, in any one or more instances, upon performance of the terms or conditions of this
Agreement shall not be construed as a waiver or a relinquishment of any right granted under this Agreement or of the future performance
of any such term, covenants or condition.

 

5.8              
INVALIDITY. Should any provision(s) in this Agreement be held by a court of competent jurisdiction to be invalid, void or unenforceable,
the remaining provisions shall be unaffected and shall continue in full force and effect, and the invalid, void or unenforceable provision(s)
shall be deemed not to be part of this Agreement.

 

5.9              
VOLUNTARY AGREEMENT. Employee and the Bank represent and agree that each has reviewed all aspects of this Agreement, has carefully
read and fully understands all provisions of this Agreement, and is voluntarily entering into this Agreement. Each party represents and
agrees that such party has had the opportunity to review any and all aspects of this Agreement with the legal, tax or other advisor or
advisors of such party’s choice before executing this Agreement.

 

5.10          
SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit of and shall be enforceable by and against
Employee’s heirs, beneficiaries and legal representatives. It is agreed that the rights and obligations of Employee may not be delegated
or assigned except as specifically set forth in this Agreement. In the event of a sale of all or substantially all of the Bank’s
capital stock, sale of all or substantially all of the Bank’s assets, or consolidation or merger of the Bank with or into another
corporation or entity or individual, the Bank may assign its rights and obligations under this Agreement to its successor-in-interest,
and such successor-in-interest shall be deemed to have acquired all rights and assumed all obligations of the Bank under this Agreement.

 

    7

     

    

 

5.11          
Whistleblower Protections and Trade Secrets. Notwithstanding anything to the contrary
contained herein, nothing in this Agreement prohibits Employee from reporting possible violations of federal law or regulation to any
United States governmental agency or entity in accordance with the provisions of and rules promulgated under Section 21F of the Securities
Exchange Act of 1934 or Section 806 of the Sarbanes-Oxley Act of 2002, or any other whistleblower protection provisions of state or federal
law or regulation (including the right to receive an award for information provided to any such government agencies). Furthermore, in
accordance with 18 U.S.C. § 1833, notwithstanding anything to the contrary in this Agreement: (a) Employee shall not be in breach
of this Agreement, and shall not be held criminally or civilly liable under any federal or state trade secret law (x) for the disclosure
of a trade secret that is made in confidence to a federal, state, or local government official or to an attorney solely for the purpose
of reporting or investigating a suspected violation of law, or (y) for the disclosure of a trade secret that is made in a complaint or
other document filed in a lawsuit or other proceeding, if such filing is made under seal; and (b) if Employee files a lawsuit for retaliation
by the Bank for reporting a suspected violation of law, Employee may disclose the trade secret to Employee’s attorney, and may use
the trade secret information in the court proceeding, if Employee files any document containing the trade secret under seal, and does
not disclose the trade secret, except pursuant to court order.

 

5.12          
COUNTERPARTS. This Agreement may be executed in counterparts and each counterpart, when executed, shall have the validity of a
second original. Photographic or facsimile copies of any such signed counterparts may be used in lieu of the original for any purpose.

 

 

    8

     

    

 

	DATED: August 26, 2022  	 /s/ Travis Jaggers
	 	Travis Jaggers
	 	 
	DATED: August 26, 2022  	 /s/ Robert R. Franklin
	 	Robert R. Franklin
	 	Chairman of the Board/Chief Executive Officer
	 	CommunityBank of Texas, N.A.

 

[Signature Page to Amended and Restated Employment
Agreement]

 

    9

     

    

 

Exhibit “A” to

Amended and Restated Employment Agreement

Between CommunityBank of Texas and Travis Jaggers

 

	Employee Name:	Travis Jaggers
	Term:	The period commencing effective as of immediately following the Effective Time and ending on the close of business on December 31, 2023.
	Position:	President 
	Location:	Houston - Pasadena, Texas
	Annual Base Salary:	$375,000.00 subject to annual review by the Bank’s budget and compensation committee and payable in accordance with the Bank’s normal payroll practices.
	Bonus:	Participation in the Bank’s Annual Incentive Compensation Plan in which other executive officers and/or employees may participate subject to the terms of the plans.
	Equity Awards:	Employee shall be eligible to participate in the CBTX, Inc. 2022 Omnibus Incentive Plan (together with any successor equity incentive plan, the “CBTX Equity Plan”) and to receive grants of equity awards under the CBTX Equity Plan as may be approved from time to time by the Compensation Committee of the Board of Directors of CBTX in its sole discretion.
	Paid Time Off:	33 days per calendar year.  Paid time off not taken during a calendar year shall not carry over to the next year.
	Severance:	
    An amount equal to the sum of (i) two (2) times Employee’s Annual
    Base Salary as of Employee’s date of termination and (ii) the amount equal to eighteen (18) times the monthly COBRA premium for
    continuation coverage under the Bank’s group health plans, based on Employee’s coverage elections under such plans as of the
    date of termination. Severance shall be in a lump sum in cash, less applicable withholdings and deductions.

     

 

    10

     

    

 

	 	
     In addition, the Bank shall pay to Employee a prorated bonus
    (the “Pro Rata Bonus”) for the calendar year of termination of Employee’s employment, calculated as the cash
    bonus that Employee would have received for such calendar year based on actual performance (assuming for this purpose that all individual
    performance goals and objectives are achieved at 100%) had Employee continued in employment with the Bank, multiplied by a fraction, the
    numerator of which is the number of calendar days during the calendar year of termination that Employee was employed and the denominator
    of which is the total number of calendar days during the calendar year of termination. The Pro Rata Bonus shall be payable when annual
    bonuses are paid to other senior executives of the Bank, but in no event later than March 15 of the calendar year following the calendar
    year in which Employee’s employment with the Bank ends.

     

    Employee shall sign (and shall not revoke) a release of claims in a
    form acceptable to the Bank to receive severance.

	
    Geographic Region of Non-Competition:

     
	100 miles surrounding any facility owned or operated by any member of the Bank Group.
	 	 
	Period of Unfair Competition Obligations:	During Employee’s entire period of employment and for two (2) years thereafter, except that there shall be no non-competition obligation following Employee’s date of termination for a termination by the Bank without Cause or by Employee for Good Reason (as those terms are defined in Section 4.2).

 

    11

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