Document:

Amendment to Employment Agreement with J Stewart Baker

 Exhibit 10.9 
 FLORIDA BANK GROUP, INC. 
 AMENDMENT TO EMPLOYMENT
AGREEMENT 
 This AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”), effective as of July 24,
2009, is made and entered into by and between FLORIDA BANK GROUP, INC. (the “Employer”) and John Stewart Baker, III (the “Employee”). 
 W I T N E S S E T H : 
 WHEREAS, the Employer and Employee are
parties to an Employment Agreement dated November 14, 2008, (the “Agreement”), which sets forth the terms and conditions of Employee’s employment with the Employer; and 
 WHEREAS, as contemplated by a letter agreement between the parties dated on or around the date hereof (the “Letter
Agreement”), the parties are required to amend the Agreement to comply with certain executive compensation restrictions imposed on the Employer by reason of the Employer’s participation in the U.S. Department of Treasury’s
Troubled Asset Relief Program – Capital Purchase Program (the “TARP Program”). 
 NOW, THEREFORE, in
consideration of the premises and mutual covenants and agreements herein contained, the parties hereto agree as follows: 
 1.
Capitalized Terms. All capitalized terms that are used but not expressly defined in this Amendment have the respective meanings ascribed to them in the Agreement. 
 2. Amendment. The following is inserted into the Agreement as new Section 22: 
 22 Compliance with TARP. 
 (a) Notwithstanding any provision to the contrary in the Agreement,
the Employee shall not be entitled to receive, and the Employer shall not pay or provide, any payment, compensation or other benefit otherwise required to be provided or paid to the Employee under the Agreement if the payment or receipt of such
payment, compensation or benefit would violate the Emergency Economic Stabilization Act of 2008 (the “EESA”), the American Recovery and Reinvestment Act of 2009 (the “ARRA”), any of the rules and regulations
promulgated under the EESA or ARRA, or any other law, rule or regulation applicable to participants in the TARP Program, as then in effect (collectively, “TARP Rules”). The Employer shall retain the exclusive and final authority and
discretion, without the need for the consent of the Employee, to cancel, reduce or otherwise eliminate any payments, compensation or other benefits otherwise required to be provided or paid to the Employee under the Agreement in order to comply with
this Section 22. Any payments, compensation or other benefits cancelled, reduced or eliminated pursuant to this Section 22 shall be forever forfeited by the Employee and, to the extent cancelled, reduced or eliminated, the Employee waives
all rights to such payments, compensation or other benefits and releases the Employer from all obligations to make such payments or provide such benefits at any time. 
  

 1 

 (b) Without limiting the generality of Section 22(a) of the Agreement,
the Employee shall not be entitled to receive, and the Employer shall not pay or provide, any severance compensation otherwise required to be paid to the Employee under Section 10(d) of the Agreement to the extent payment of such compensation
would be a golden parachute payment prohibited by the TARP Rules. In exchange, and notwithstanding anything to the contrary in Section 8 of the Agreement, if the Employee’s employment is terminated by the Employer without “cause”
(as defined in Section 10(e) of the Agreement) at a time in which payment of severance compensation is prohibited by the TARP Rules, the Employer shall not be entitled to enforce Section 8(a) of the Agreement. For the avoidance of doubt,
nothing herein limits the Employer’s rights or the Employee’s obligations under Section 8(a) on a termination of Employee’s employment for any other reason, or under Sections 7, 8(b), 8(c) or 8(d) of the Agreement on a
termination of Employee’s employment for any reason. 
 3. Entire Agreement; Inconsistency; Ratification; Execution.
This Amendment and the Letter Agreement record the final, complete, and exclusive understanding among the parties regarding the amendment of the Agreement. In the event of a conflict or inconsistency between the provisions of this Amendment and the
Agreement, the provisions of this Amendment shall control and govern. As amended by this Amendment, the Agreement is ratified and remains in full force and effect in accordance with its terms. This Amendment may be executed in multiple counterparts.
A party’s receipt of a facsimile signature page or portable document format (PDF) copy of a signature page to this Amendment shall be treated as the party’s receipt of an original signature page. 
 IN WITNESS WHEREOF, Employer and Employee have executed this Amendment as of the date first above written. 
  

							
		 		 	FLORIDA BANK GROUP, INC.
				
		 		 	By:	 	 /s/ Robert Rothman

		 		 	Name: Robert Rothman
		 		 	Title: Chairman of the Board
			
	WITNESS:	 		 	EMPLOYEE
			
	 /s/ Kristine Johnson
	 		 	 /s/ John Stewart Baker, III

		 		 	Name: John Stewart Baker, III

  

 2Form of Employment Compensation Amendment

 Exhibit 10.10 
 July 17, 2009 
 [Name and Address] 
 Dear [Name], 
 Florida Bank Group,
Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”) with the United States Department of Treasury (the “Treasury”) that provides, among other things, for the
purchase by the Treasury of securities issued by the Company. This purchase is anticipated to occur as part of the Company’s participation in the Treasury’s Troubled Asset Relief Program - Capital Purchase Program (the “CPP”).

 As a condition to the closing of the investment contemplated by the Participation Agreement, the Company is required to take
certain actions with respect to compensation arrangements of its senior executive officers. The Company has determined that you are or may be a senior executive officer for purposes of the CPP. To comply with the requirements of the CPP, and in
consideration of the benefits that you will receive as a result of the Company’s participation in the CPP and for other good and valuable consideration, the sufficiency of which you hereby acknowledge, you agree as follows: 
  

	 	(1)	No Golden Parachute Payments. You will not be entitled to receive from the Company any golden parachute payment (as defined below) during any period in which the
Treasury holds an equity or debt position acquired from the Company in the CPP (the “CPP Covered Period”) (or during the year following any acquisition of the Company, to the extent required by the CPP Limitations (as defined below)).

  

	 	(2)	Recovery of Bonus and Incentive Compensation. You will be required to and shall return to the Company any bonus or incentive compensation paid to you by the Company
during the CPP Covered Period if such bonus or incentive compensation is paid to you based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria. 

  

	 	(3)	Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements , including your
Employment Security Agreement (all such plans, arrangements and agreements, the “Benefit Plans”) are hereby amended to the extent necessary to give effect to provisions (1) and (2) of this letter. 

 The Company is also required as a condition to participation in the CPP to review the Benefit Plans to ensure that the Benefit Plans do not
encourage its senior executive officers to take unnecessary and excessive risks that threaten the value of the Company. To the extent that the Company determines that the Benefit Plans must be revised as a result of such review, or determines that
the Benefit Plans must otherwise be revised to comply with Section 111 of the EESA (as defined below) as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the closing date of the Company’s
issuance of preferred stock and warrants to acquire common stock to the Treasury pursuant to the CPP (the “CPP Limitations”), you and the Company agree to negotiate and effect such changes promptly and in good faith. 
  

	 	(4)	Definitions and Interpretation. This letter shall be interpreted as follows: 

	 	•	 	 “Senior executive officer” means the Company’s “senior executive officers” as defined in Q&A 2 of the Interim Final Rule
issued by the Treasury at 31 CFR Part 30, effective on October 20, 2008 (the “Interim Final Rule”). 

  

	 	•	 	 “Golden parachute payment” shall have the meaning set forth in Q&A 9 of the Interim Final Rule. 

  

	 	•	 	 The term “Company” includes any entities treated as a single employer with the Company under Q&A 1 and Q&A 11 of the Interim Final
Rule. 

  

	 	•	 	 This letter is intended to, and shall be interpreted, administered and construed to comply with Section 111 of the Emergency Economic
Stabilization Act of 2008 (the “EESA”) and the regulations and guidance promulgated thereunder (and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving
effect to this letter). 

  

	 	(5)	Miscellaneous. To the extent not subject to federal law, this letter will be governed by and construed in accordance with the laws of the State of Florida. This letter
may be executed in two or more counterparts, each of which will be deemed to be an original. A signature transmitted by facsimile will be deemed an original signature. 

  

	 	(6)	If the Treasury does not purchase the securities contemplated by the Participation Agreement, then this letter shall be of no force or effect. In addition, upon such
time as the Treasury no longer holds securities or debt of the Company acquired under the CPP, this letter shall be of no further force or effect, except to the extent required by the CPP Limitations. If you cease to be a senior executive officer of
the Company for purposes of the CPP, you shall be released from the restrictions and obligations set forth in this letter to the extent permissible under the CPP. If it is determined that you are not a senior executive officer of the Company as of
the date hereof, this letter shall be of no force or effect. 

 The Company appreciates the concessions you are
making and looks forward to your continued leadership during these financially turbulent times. 
 [Signature page
follows] 

			
	 Sincerely,
  
 Florida Bank Group, Inc.

		
	By:	 	/s/ Robert Rothman
	 Name:
 Title:
	 	 Robert Rothman
 Chairman and
Chief Executive Officer

  
 Intending to be legally
bound, I agree with and accept the 
 foregoing terms on the date set forth below. 
  

			
	
		
	By:	 	 
		
	 Name:
 Title:
	 	

 Date: July 17, 2009

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