Document:

EX-10.13

 Exhibit 10.13 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of June 23, 2020 by and between Audrey Duncan
(“Executive”) and Third Coast Bank, SSB, a Texas state savings bank (the “Bank” or “Company”). 
 WHEREAS, the
Bank desires to employ Executive on the terms and conditions set forth herein; 
 WHEREAS, Executive desires to be employed by the Bank on
such terms and conditions; 
 NOW, THEREFORE, in consideration of the mutual covenants, promises and obligations set forth herein, and other
good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 
  

	1.	 TERM 

Executive’s employment hereunder shall be effective as of the Effective Date and shall continue until the third anniversary of the
Effective Date, unless terminated earlier pursuant to Section 5 of this Agreement; provided that, on such third anniversary of the Effective Date and on each annual anniversary of the Effective Date thereafter (such third anniversary date and
each annual anniversary thereafter, a “Renewal Date”), this Agreement shall be deemed to be automatically extended, upon the same terms and conditions, for successive periods of one (1) year each, unless either party provides written
notice to the other party of its intention not to extend the term of this Agreement at least ninety (90) days prior to the applicable Renewal Date. The period during which Executive is employed by the Bank hereunder is hereinafter referred to
as the “Employment Term.” 
  

	2.	 POSITION AND DUTIES 

  

	 	2.1	 POSITION 

During the Employment Term, Executive shall serve as the Chief Credit Officer, reporting to the Chief Executive Officer (the “CEO”).
In such position, Executive shall have such duties, authority and responsibility as shall be determined from time to time by the CEO, which duties, authority and responsibility shall be customary for persons occupying such positions in companies of
like size and type. 
  

	 	2.2	 DUTIES 

During the Employment Term, Executive shall devote his best efforts and all of his full business time and attention to the performance of
Executive’s duties hereunder (except for permitted paid time off and reasonable periods of illness or other incapacity) and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or
materially interfere with the performance of such services either directly or indirectly without the prior written consent of the CEO. Notwithstanding the foregoing, nothing herein shall preclude Executive from (a) performing services for such
other companies as the CEO may 

 
designate or permit (which permission shall not be unreasonably withheld), (b) serving, with the prior written consent of the CEO, which consent shall not be unreasonably withheld, as an officer
or member of the boards of directors or advisory boards (or their equivalents in the case of a non-corporate entity) of noncompeting businesses or charitable, educational or civic organizations, (c) engaging in charitable activities and
community affairs and (d) managing Executive’s personal investments and affairs; provided, however, that the activities set forth in clauses (a) through (d) shall be limited by Executive so as not to conflict or materially interfere,
individually or in the aggregate, with the performance of Executive’s duties and responsibilities hereunder. During the Employment Term, Executive shall perform Executive’s duties and responsibilities to the best of Executive’s
abilities in a diligent, trustworthy, businesslike and efficient manner. 
  

	3.	 PLACE OF PERFORMANCE 

During the Employment Term, the principal place of Executive’s employment shall be the Bank’s office at 5600 Tennyson suite 170,
Plano, Texas 75024; provided that, Executive may be required to travel on Bank business during the Employment Term. 
  

	4.	 COMPENSATION AND BENEFITS 

 

	 	4.1	 BASE SALARY 

During the Employment Term, the Bank shall pay Executive an annual base salary at a rate of $255,000.00 in periodic installments in accordance
with the Bank’s normal payroll practices, but no less frequently than monthly. Executive’s base salary shall be reviewed at least annually by the Board, and the Board may, but shall not be required to, increase (but not decrease)
Executive’s base salary during the Employment Term. Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary”. 

 

	 	4.2	 ANNUAL BONUS 

For each completed calendar year of the Employment Term, Executive shall have the opportunity to earn an annual bonus (the “Annual
Bonus”) at the discretion of the Board or the Compensation Committee of the Board (the “Compensation Committee”). 
  

	 	4.3	 EQUITY AWARDS 

During the Employment Term, Executive will be eligible to be considered to receive grants of equity-based awards commensurate with
Executive’s position and responsibilities with the Bank. The amount, terms and conditions of any equity-based award will be determined by the Board or the Compensation Committee, in its sole discretion, in accordance with the terms of the
Parent’s equity plan in effect from time to time. 
  

	 	4.4	 EMPLOYEE BENEFITS 

During the Employment Term, Executive shall be eligible to participate in all employee benefit plans, practices and programs maintained by the
Bank, as in effect from time to time (but 

  
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excluding, except as hereinafter provided in Section 5, any severance pay program or policy of the Bank), on a basis which is no less favorable than is provided to other similarly situated
executives of the Bank, to the extent consistent with applicable law and the terms of the applicable employee benefit plans. The Bank reserves the right to amend or cancel any employee benefit plan at any time in its sole discretion, subject to the
terms of such employee benefit plan and applicable law. 
  

	 	4.5	 PAID TIME OFF 

During the Employment Term, Executive shall be eligible for twenty-five (25) days of paid time off per calendar year (which shall be
prorated for partial years) in accordance with the Bank’s paid time off policies, as in effect from time to time. 
  

	 	4.6	 BUSINESS EXPENSES 

During the Employment Term, Executive shall be eligible for reimbursement of all reasonable and necessary out-of-pocket business, entertainment and travel expenses incurred by Executive in connection with the performance of Executive’s duties hereunder in accordance with the Bank’s expense reimbursement
policies and procedures for senior executives. 
  

	 	4.7	 INDEMNIFICATION 

Executive shall be entitled to indemnification with respect to the Executive’s services provided hereunder pursuant to Texas law, the
terms and conditions of the Bank’s charter and/or by-laws, and the Bank’s standard indemnification agreement for directors and officers as executed by the Bank and Executive. Executive shall be
entitled to coverage under the Bank’s Directors’ and Officers’ (“D&O”) insurance policies that it may hold now or in the future to the same extent and in the same manner (i.e., subject to the same terms and conditions)
that the Bank’s other executive officers are entitled to coverage under any of the Bank’s D&O insurance policies that it may have. 
  

	5.	 TERMINATION OF EMPLOYMENT 

Notwithstanding anything in this Agreement to the contrary, Executive shall be an at-will employee of
the Bank, and the Employment Term and Executive’s employment hereunder may be terminated by either the Bank or Executive for any reason or no reason at any time; provided, however, that, unless otherwise provided herein, Executive shall be
required to give the Bank at least thirty (30) days’ advance written notice of any termination of Executive’s employment by Executive. Upon termination of Executive’s employment during the Employment Term, Executive shall be
eligible to receive the compensation and benefits described in this Section 5 and shall have no further rights to any compensation or any other benefits from the Bank or any of its affiliates. 

 

	 	5.1	 TERMINATION FOR CAUSE OR WITHOUT GOOD REASON 

 

	 	(a)	 The Employment Term and Executive’s employment hereunder may be terminated by the Bank for Cause, or by
Executive without Good Reason. If the Employment 

  
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Term and Executive’s employment are terminated by the Bank for Cause, or by Executive without Good Reason, then: 

 

	 	(i)	 Executive shall be eligible to receive any accrued but unpaid Base Salary, any accrued but unused paid time
off, in each case, as of the end of the Employment Term, which shall be paid on the Termination Date (as defined in Section 5.6 of this Agreement); 

  

	 	(ii)	 Executive shall be eligible to receive reimbursement for unreimbursed business expenses properly incurred by
Executive prior to the Termination Date, which shall be subject to and paid in accordance with the Bank’s expense reimbursement policy and Section 4.6 of this Agreement; 

 

	 	(iii)	 Executive shall be eligible to receive (or continue to receive) such employee benefits and other compensation,
if any, as to which Executive may be eligible as of the Termination Date pursuant to the specific terms of the Bank’s and its affiliates’ employee benefit plans, programs or agreements; provided that, in no event shall Executive be
eligible to any payments in the nature of severance except as specifically provided herein; and 

  

	 	(iv)	 Executive shall retain all rights to indemnification and D&O liability insurance provided under
Section 4.7 of this Agreement. 

 The items set forth in Sections 5.l (a)(i) through 5.1 (a)(iii) are referred to
collectively in this Agreement as the “Accrued Amounts”. 
  

	 	(b)	 For purposes of this Agreement, “Cause” shall mean: 

 

	 	(i)	 Executive’s willful failure to perform Executive’s material duties (other than any such failure
resulting from incapacity due to physical or mental illness); 

  

	 	(ii)	 Executive’s willful failure to comply with any valid and legal directive of the CEO;

  

	 	(iii)	 Executive’s engagement in dishonesty, illegal conduct or misconduct, which is, in each case as determined
by the Board in its sole discretion, materially injurious to the Bank or its affiliates; 

  

	 	(iv)	 Executive’s embezzlement, misappropriation or fraud, whether or not related to Executive’s employment
with the Bank; 

  

	 	(v)	 Executive’s commission of or plea of guilty or nolo contendere to a crime that constitutes a felony (or
state law equivalent) or a crime that constitutes a misdemeanor involving moral turpitude; 

  

	 	(vi)	 Executive is or becomes a person described in the Federal Deposit Insurance Act (the “FDI Act”),
Section 19(a)(1)(A) who has not received the Federal Insurance Corporation’s prior consent to participate in the Bank’s affairs 

  
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under the “FDIC State of Policy for Section 19 of the FDI Act or any successor thereto; 

  

	 	(vii)	 Executive’s willful violation of a material policy or code of conduct of the Bank including its Insider
Trading Policy or Code of Ethics; or 

  

	 	(viii)	 Executive’s material breach of any material obligation under this Agreement, including, but not limited
to, Section 7 of this Agreement, or any other written agreement between Executive and the Bank. 

 Termination of
Executive’s employment shall not be deemed to be for Cause unless and until the Bank delivers to Executive a copy of a resolution duly adopted by the Board, finding that Executive is guilty of the conduct described in any of clauses
(i) through (viii) above, after having afforded Executive a reasonable opportunity to appear (with counsel) before the Board in all cases other than a termination pursuant to clauses (iv), (v) and (vi). Except for a failure, breach or refusal
which, by its nature, cannot reasonably be expected to be cured, Executive shall have thirty (30) calendar days from the delivery of written notice by the Bank within which to cure any acts constituting Cause; provided, however, that if the
Bank reasonably expects irreparable injury from a delay of thirty (30) calendar days, the Bank may give Executive notice of such shorter period within which to cure as is reasonable under the circumstances, which may include the termination of
Executive’s employment without notice and with immediate effect. In the event the Bank provides notice of less than thirty (30) days, Executive shall be paid his Base Salary for the remainder of the thirty (30) day period. 

For purposes of this Section 5.1 (b), no act or failure by Executive shall be considered “willful” if such act is done by
Executive in the good faith belief that such act is or was in the best interests of the Bank or one or more of its businesses. 
  

	 	(c)	 For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following, in
each case during the Employment Term without Executive’s written consent: 

  

	 	(i)	 A material reduction in Executive’s Base Salary; 

 

	 	(ii)	 A relocation of Executive’s principal place of employment as of the Effective Date by more than
twenty-five (25) miles; 

  

	 	(iii)	 Any material breach by the Bank of any material provision of this Agreement or any other material agreement
between Executive and the Bank; 

  

	 	(iv)	 The Bank’s failure to obtain an agreement from any successor to the Bank to assume and agree to perform
this Agreement in the same manner and to the same extent that the Bank would be required to perform if no succession had taken place, except where such assumption occurs by operation of law; or 

 

	 	(v)	 A diminution in Executive’s title, authority, duties or responsibilities (other than temporarily while
Executive is physically or mentally incapacitated). 

 Executive cannot terminate Executive’s employment for Good
Reason unless Executive has provided written notice to the Bank of the existence of the circumstances providing grounds for 

  
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termination for Good Reason within thirty (30) calendar days of the initial existence of such grounds and the Bank has had at least thirty (30) calendar days from the date on which such
notice is provided to cure such circumstances. If Executive does not terminate Executive’s employment for Good Reason within one hundred eighty (180) calendar days after the first occurrence of the applicable grounds, then Executive will
be deemed to have waived Executive’s right to terminate for Good Reason with respect to such grounds. 
  

	 	5.2	 TERMINATION WITHOUT CAUSE OR FOR GOOD REASON 

The Employment Term and Executive’s employment hereunder may be terminated by Executive for Good Reason or by the Bank without Cause. In
the event of such termination, Executive shall be entitled to receive the Accrued Amounts and, subject to Executive’s compliance with Section 6, Section 7 and Section 8 of this Agreement, Executive’s timely execution of a
release of claims in favor of the Bank, its affiliates and their respective officers and directors, in a form to be provided by the Bank (the “Release”), and such Release becoming effective within either twenty-eight (28) or fifty-two (52) days, as applicable, following the Termination Date (such 28-day or 52-day period, the “Release Execution
Period”), Executive shall be entitled to receive the following compensation and benefits: 
  

	 	(a)	 A payment that totals one hundred percent (100%) of the Executive’s Base Salary; and

  

	 	(b)	 A payment that totals the average of the Executive’s Annual Bonuses earned for the three (3) full
years preceding the year in which the Termination Date occurs, or, if less than three (3) years, the greater of (I) the average of the Annual Bonuses awarded for all full years preceding the year in which the Termination Date occurs, or
(II) if less than one (1) year, Executive’s target Annual Bonus in effect for the year in which the Termination Date occurs. 

  

	 	(c)	 The payments in (a) and (b) shall be payable in substantially equal installments over a period of one
(1) year in accordance with the Bank’s normal payroll practices; provided that any installment payment under this Section 5.2(c) that is not made during the period following Executive’s termination Without Cause or termination
for Good Reason because Executive has not executed the Release, shall be paid to Executive in a single lump sum on the first payroll date following the last day of the Release Execution Period. 

 

	 	(d)	 If Executive timely and properly elects continuation coverage under the Consolidated Omnibus Reconciliation Act
of 1985 (“COBRA”), the Bank shall reimburse Executive for the monthly COBRA premium paid by Executive for Executive and Executive’s dependents (with the Executive required to pay for any employee-paid portion of such coverage) (such
amounts to be referred to herein as the “COBRA Benefits”). The Bank shall make any such reimbursement within thirty (30) days following receipt of evidence from Executive of Executive’s payment of the COBRA Benefits. Executive
shall be eligible to receive such reimbursement until the earliest of: (i) twelve (12) months following the Termination Date; (ii) the date Executive is no longer eligible to receive COBRA Benefits; and (iii) the date on which
Executive either receives or 

  
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becomes eligible to receive substantially similar coverage from another employer. To the extent the COBRA Benefits provided for in this Section 5.2(d) are not permissible after termination
of employment under the terms of the health plans of the Bank then in effect, the Bank shall provide Executive with an equivalent monthly cash payment, minus deduction of all amounts required to be deducted or withheld under applicable law, for any
period of time Executive was to be reimbursed for COBRA Benefits. Executive shall bear full responsibility for applying for COBRA Benefits and the Bank shall have no obligation to provide Executive such coverage if the Executive fails to elect COBRA
Benefits in a timely fashion; and 

  

	 	(e)	 The vesting of any outstanding equity awards held by Executive immediately prior to the Termination Date shall
accelerate by one (1) year. All other treatment of any outstanding equity awards held by the Executive immediately prior to the Termination Date shall be determined in accordance with the terms of the applicable equity plan and award
agreements. 

 It is expressly understood that the Bank’s payment and reimbursement obligations under this
Section 5.2 shall cease in the event Executive breaches any of the agreements in Section 6, Section 7 or Section 8 hereof. 
  

	 	5.3	 TERMINATION DUE TO DEATH OR DISABILITY 

 

	 	(a)	 The Employment Term and Executive’s employment hereunder shall terminate automatically upon
Executive’s death during the Employment Term, and the Bank may terminate the Employment Term and Executive’s employment hereunder on account of Executive’s Disability (as defined below). 

 

	 	(b)	 If Executive’s employment is terminated during the Employment Term on account of Executive’s death or
Disability. Executive (or Executive’s estate and/or beneficiaries, as the case may be) shall be entitled to receive the following compensation: 

  

	 	(i)	 The Accrued Amounts (which amounts shall be paid in accordance with Section 5.1); 

 

	 	(ii)	 A lump sum payment that totals one hundred percent (100%) of the Executive’s Base Salary;

  

	 	(iii)	 A lump sum payment that totals the average of the Executive’s Annual Bonuses earned for the three
(3) lull years preceding the year in which the Termination Date occurs, or, if less than three (3) years, the greater of (I) the average of the Annual Bonuses awarded for all full years preceding the year in which the Termination Date
occurs, or (II) if less than one (1) year, Executive’s target Annual Bonus in effect for the year in which the Termination Date occurs; 

  

	 	(iv)	 The payments in (ii) and (iii) shall be paid on the date that annual bonuses are paid to similarly
situated executives in the current calendar year, but in no 

  
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event later than March 15 of the year following the end of the calendar year in which the Termination Date occurs; and 

 

	 	(v)	 The vesting of any outstanding equity awards held by Executive immediately prior to the Termination Date shall
accelerate by one (1) year. All other treatment of any outstanding equity awards held by the Executive immediately prior to the Termination Date shall be determined in accordance with the terms of the applicable equity plan and award
agreements. 

 Notwithstanding any other provision contained herein, all payments made in connection with Executive’s
Disability shall be provided in a manner which is consistent with federal and state law. 
  

	 	(c)	 For purposes of this Agreement, “Disability” shall mean (i) Executive’s inability, due to
physical or mental incapacity, to substantially perform Executive’s duties and responsibilities under this Agreement for one hundred eighty (180) days out of any three hundred sixty-five (365) day period or one hundred twenty
(120) consecutive days; or (ii) Executive’s eligibility to receive long-term disability benefits under the Bank’s long-term disability plan. 

 

	 	5.4	 CHANGE OF CONTROL TERMINATION 

 

	 	(a)	 Notwithstanding any other provision contained herein, if Executive’s employment hereunder is terminated by
Executive for Good Reason or by the Bank without Cause (other than on account of Executive’s death or Disability), in each case within six (6) months prior to, or twelve (12) months following, a Change of Control, Executive shall be
entitled to receive: 

  

	 	(i)	 The Accrued Amounts (which amounts shall be paid in accordance with Section 5.1) and, subject to
Executive’s compliance with Section 6, Section 7 and Section 8 of this Agreement and Executive’s execution of a Release which becomes effective within the Release Execution Period, Executive shall be entitled to receive a
lump sum payment on the first payroll date following the last day of the Release Execution Period equal to any earned but unpaid Annual Bonus for the most recently completed calendar year and one (1) times the sum of (A) Executive’s
Base Salary and (B) the average of the Annual Bonuses earned for the three (3) full years preceding the year in which the Termination Date occurs, or, if less than three (3) years, the greater of (I) the average of the Annual
Bonuses awarded for all full years preceding the year in which the Termination Date occurs, or (II) if less than one (1) year, Executive’s target Annual Bonus in effect for the year in which the Termination Date occurs; provided that,
if the Release Execution Period begins in one taxable year and ends in another taxable year, payment shall not be made until the beginning of the second taxable year. 

 

	 	(ii)	 If Executive timely and properly elects continuation coverage under COBRA, the Bank shall reimburse Executive
for the monthly COBRA Benefits paid by 

  
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Executive for Executive and Executive’s dependents (with the Executive required to pay for any employee-paid portion of such coverage). The Bank shall make any such reimbursement within
thirty (30) days following receipt of evidence from Executive of Executive’s payment of the COBRA Benefits. Executive shall be eligible to receive such reimbursement until the earliest of: (A) the twelve (12) month anniversary of
the Termination Date; (B) the date Executive is no longer eligible to receive COBRA Benefits; and (C) the date on which Executive either receives or becomes eligible to receive substantially similar coverage from another employer. To the
extent the COBRA Benefits provided for in this Section 5.4(a) are not permissible after termination of employment under the terms of the health plans of the Bank then in effect, the Bank shall provide Executive with an equivalent monthly cash
payment, minus deduction of all amounts required to be deducted or withheld under applicable law, for any period of time Executive was to be reimbursed for COBRA Benefits. Executive shall bear full responsibility for applying for COBRA Benefits and
the Bank shall have no obligation to provide Executive such coverage if Executive fails to elect COBRA Benefits in a timely fashion. 

  

	 	(iii)	 Any outstanding equity awards held by Executive immediately prior to the Termination Date shall immediately
vest upon the termination of Executive’s employment under this Section 5.4(a) in accordance with the terms of the applicable equity plan and award agreements. 

 

	 	(b)	 For purposes of this Agreement, “Change of Control” shall mean the occurrence of any of the
following: 

  

	 	(i)	 A transaction or series of related transactions (other than an offering of stock of the Company to the general
public through a registration statement filed with the Securities and Exchange Commission) whereby any person directly or indirectly becomes the beneficial owner of securities of the Company representing 50% or more of the combined voting power of
the Company’s then outstanding securities: provided, however, that notwithstanding the foregoing, a transaction or series of transactions shall not be described hereunder if the acquirer is (A) a trustee or other fiduciary holding
securities under an employee benefit plan of the Company or a subsidiary and acting in such capacity, (B) a wholly-owned subsidiary of the Company or a corporation owned, directly or indirectly, by the shareholders of the Company in the same
proportions as their ownership of voting securities of the Company, or (C) any other person whose acquisition of voting securities directly from the Company is approved in advance by a majority of the Incumbent Directors (as defined below); or

  

	 	(ii)	 During any twenty-four (24) consecutive month period, the individuals who, at the beginning of such
period, constitute the Board (the “Incumbent Directors”) cease for any reason other than death to constitute at least a majority of the Board; provided, however, that an individual who becomes a

  
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member of the Board subsequent to the beginning of the twenty-four (24) month period will be deemed to have satisfied such twenty-four (24) month requirement (and be an Incumbent
Director) if such director was elected by, or on the recommendation of or with the approval of, at least two-thirds (2/3) of the directors who then qualified as Incumbent Directors; or 

 

	 	(iii)	 The consummation by the Company (whether directly involving the Company or indirectly involving the Company
through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination, or (y) a sale or other disposition of all or substantially all of the Company’s assets in any single transaction or series of
related transactions, or (C) the acquisition of assets or stock of another entity, in each case other than a transaction: 

  

	 	(A)	 which results in the Company’s voting securities outstanding immediately before the transaction continuing
to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or
substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such Person, the “Successor Entity”)) directly or indirectly, more than 50% of the combined voting power of the Successor
Entity’s outstanding voting securities immediately after the transaction, and 

  

	 	(B)	 After which no person, directly or indirectly, becomes the beneficial owner of voting securities representing
50% or more of the combined voting power of the Successor Entity; provided, however, that no Person shall be treated for purposes of this section as beneficially owning 50% or more of combined voting power of the Successor Entity
solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 

  

	 	(iv)	 The stockholders of the Company approve a plan of complete liquidation or dissolution of the Company.

 Notwithstanding anything to the contrary in the foregoing, a transaction shall not constitute a Change of Control if it
is effected for the purpose of changing the place of incorporation or form of organization of the ultimate parent entity (including where the Company is succeeded by an issuer incorporated under the laws of another state for such purpose and whether
or not the Company remains in existence following such transaction) where all or substantially all of the persons or group that beneficially own all or substantially all of the combined voting power of the Company’s voting securities
immediately prior to the transaction beneficially own all or substantially all of the combined voting power of the Company or the ultimate parent entity in 

  
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substantially the same proportions of their ownership after the transaction. A Change of Control shall also not occur unless such transaction constitutes a change in the ownership of the Company,
a change in effective control of the Company, or a change in the ownership of a substantial portion of the Company’s assets under Section 409A. 
  

	 	5.5	 NOTICE OF TERMINATION 

Any termination of Executive’s employment hereunder by the Bank or by Executive during the Employment Term (other than termination
pursuant to Section 5.3(a) on account of Executive’s death) shall be communicated by written notice of termination (“Notice of Termination”) sent to the other party hereto in accordance with Section 21. The Notice of
Termination shall specify: 
 (a) The termination provision of this Agreement relied upon; and 

(b) The applicable Termination Date. 
  

	 	5.6	 TERMINATION DATE 

The Executive’s Termination Date shall be: 
  

	 	(a)	 If Executive’s employment hereunder terminates on account of Executive’s death, the date of
Executive’s death; 

  

	 	(b)	 If Executive’s employment hereunder is terminated on account of Executive’s Disability, the date that
it is determined that Executive has a Disability; 

  

	 	(c)	 If the Bank terminates Executive’s employment hereunder, the date the Notice of Termination is delivered
to Executive or such later date specified in the Notice; or 

  

	 	(d)	 If Executive terminates Executive’s employment hereunder with or without Good Reason, the date specified
in the Executive’s Notice of Termination, which shall be no less than thirty (30) calendar days following the date on which the Notice of Termination is delivered; provided that the Bank may waive all or any part of the thirty
(30) calendar day notice period for no consideration by giving written notice to Executive and for all purposes of this Agreement, Executive’s Termination Date shall be the date determined by the Bank. In the event the Bank waives all or
any part of the thirty (30) calendar day notice period, the Bank will continue to pay Executive his salary and all benefits for the entirety of the thirty (30) calendar day notice period. 

 

	 	5.7	 MITIGATION 

In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to
Executive under any of the provisions of this Agreement and except as provided in Section 5.2(d), any amounts payable pursuant to this Section 5 shall not be reduced by compensation Executive earns on account of employment with another
employer. 

  
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	 	5.8	 RESIGNATION OF ALL OTHER POSITIONS 

Upon termination of Executive’s employment hereunder for any reason. Executive shall be deemed to have resigned from all positions that
Executive holds as an officer or member of the Board (or a committee thereof) or the board of any of its affiliates. 
  

	 	5.9	 SECTION 280G 

  

	 	(a)	 Executive shall bear all expense of, and be solely responsible for, any excise tax imposed by Section 4999
of the Internal Revenue Code of 1986, as amended (such excise tax being the “Excise Tax” and such code being the “Code”); provided, however, that any payment or benefit received or to be received by Executive (whether payable
under the terms of this Agreement or any other plan, arrangement or agreement with the Company or an affiliate of the Company (collectively, the “Payments”) that would constitute a “parachute payment” within the meaning of
Section 280G of the Code, shall be reduced to the extent necessary so that no portion thereof shall be subject to the Excise Tax but only if, by reason of such reduction, the net after-tax benefit
received by Executive shall exceed the net after-tax benefit that would be received by Executive if no such reduction was made. 

  

	 	(b)	 The “net after-tax benefit” shall mean (i) the present
value of the Payments which Executive receives or is then entitled to receive from the Company that would constitute “parachute payments” within the meaning of Section 280G of the Code, less (ii) the amount of all federal, state
and local income and employment taxes payable by Executive with respect to the foregoing calculated at the highest marginal income tax rate for each year in which the foregoing shall be paid to Executive (based on the rate in effect for such year as
set forth in the Code as in effect at the time of the first payment of the foregoing), less (iii) the amount of Excise Tax imposed with respect to the Payments described in clause (b)(i) above. 

 

	 	(c)	 All determinations under this Section 5.9 will be made by an actuarial firm, accounting firm, consulting
firm or law firm (the “280G Firm”) that is mutually agreed to by Executive and the Company prior to a change in ownership or control of a corporation (within the meaning of Treasury regulations under Section 280G of the Code). The
280G Firm shall be required to evaluate the extent to which all or a portion of any Payments are exempt from Section 280G as reasonable compensation for personal services rendered before or after the Change of Control (including, for avoidance
of doubt, Payments in respect of a covenant not to compete). All fees and expenses of the 280G Firm shall be paid solely by the Company. The Company will direct the 280G Firm to submit any determination it makes under this Section 5.9 and
detailed supporting calculations to both Executive and the Company as soon as reasonably practicable. 

  
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	 	(d)	 If the 280G Firm determines that one or more reductions are required under this Section 5.9, such Payments
shall be reduced in a manner that maximizes Executive’s economic position as determined by the 280G Firm. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code, and
where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero. 

 

	 	(e)	 As a result of the uncertainty in the application of Section 280G at the time that the 280G Firm makes its
determinations under this Section 5.9, it is possible that amounts will have been paid or distributed to the Executive that should not have been paid or distributed (collectively, the “Overpayments”), or that additional amounts should
be paid or distributed to the Executive (collectively, the “Underpayments”). If the 280G Firm determines, based on either the assertion of a deficiency by the Internal Revenue Service against the Company or Executive, which assertion the
280G Firm believes has a high probability of success or is otherwise based on controlling precedent or substantial authority, that an Overpayment has been made, Executive must repay the Overpayment to the Company, together with interest at the
applicable federal rate (as defined in Section 7872(f)(2)(A) of the Code) from the date of Executive’s receipt of the Overpayment until the date of repayment; provided, however, that no loan will be deemed to have been made and no amount
will be payable by Executive to the Company unless, and then only to the extent that, the deemed loan and payment would either reduce the amount on which Executive is subject to tax under Section 4999 of the Code or generate a refund of tax
imposed under Section 4999 of the Code. If the 280G Firm determines, based upon controlling precedent or substantial authority, that an Underpayment has occurred, the 280G Firm will notify Executive and the Company of that determination, and
the Company will promptly pay the amount of that Underpayment to Executive, together with interest at the applicable federal rate (as defined in Section 7872(f)(2)(A) of the Code) from the date the amount would have otherwise been paid to
Executive until the payment date. 

  

	 	(f)	 The parties will provide the 280G Firm access to and copies of any books, records, and documents in their
possession as reasonably requested by the 280G Firm, and otherwise cooperate with the 280G Firm, in connection with the preparation and issuance of the determinations and calculations contemplated by this Section 5.9. For purposes of making the
calculations required by this Section 5.9, the 280G Firm may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. 

 

	6.	 COOPERATION 

The parties agree that certain matters in which Executive will be involved during the Employment Term may necessitate Executive’s
cooperation in the future. Accordingly, following 

  
 13 

 
the termination of Executive’s employment for any reason, to the extent reasonably requested by the Board and subject to Executive’s professional commitments, Executive shall cooperate
with the Bank in connection with matters arising out of Executive’s service to the Bank; provided that, the Bank shall make reasonable efforts to minimize disruption of Executive’s other activities. The Bank shall pay Executive a
reasonable per diem and reimburse Executive for reasonable expenses incurred in connection with such cooperation. 
  

	7.	 COMPETITIVE ACTIVITY; CONFIDENTIALITY; NON-SOLICITATION

  

	 	7.1	 ACKNOWLEDGEMENTS AND AGREEMENTS 

Executive hereby acknowledges and agrees that in the performance of Executive’s duties to the Bank, Executive will be brought into
frequent contact with existing and potential customers of the Bank throughout the world. Executive also agrees that trade secrets and confidential information of the Bank, more fully described in Section 7.10 of this Agreement, gained by
Executive during Executive’s association with the Bank, have been developed by the Bank through substantial expenditures of time, effort and money and constitute valuable and unique property of the Bank. Executive further understands and agrees
that the foregoing makes it necessary for the protection of the Bank’s business (as defined in Section 7.6) that Executive not compete with the Bank during the period of Executive’s employment with the Bank and not compete with the
Bank for a reasonable period thereafter, as further provided in this Section 7. 
  

	 	7.2	 COVENANTS DURING EMPLOYMENT 

During Executive’s employment with the Bank, Executive will not compete with the Bank anywhere in the world. In accordance with this
restriction, but without limiting its terms, during Executive’s employment with the Bank, Executive will not: 
  

	 	(a)	 enter into or engage in any business which competes with the Bank’s business; 

 

	 	(b)	 solicit customers, business, patronage or orders for, or sell, any products or services in competition with, or
for any business that competes with, the Bank’s business; 

  

	 	(c)	 divert, entice or otherwise take away any customers, business, patronage or orders of the Bank or attempt to do
so; or 

  

	 	(d)	 promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or other
entity engaged in any business which competes with the Bank’s business. 

  

	 	7.3	 COVENANTS FOLLOWING TERMINATION 

For a period of one (1) year following the termination of Executive’s employment for any reason, Executive will not: 

  
 14 

	 	(a)	 enter into or engage in any business which competes with the Bank’s business within the Restricted
Territory (as defined in Section 7.7); 

  

	 	(b)	 solicit customers, business, patronage or orders for, or sell, any products and services in competition with,
or for any business, wherever located, that competes with, the Bank’s business within the Restricted Territory; 

  

	 	(c)	 divert, entice or otherwise take away any customers, business, patronage or orders of the Bank within the
Restricted Territory, or attempt to do so; or 

  

	 	(d)	 promote or assist, financially or otherwise, any person, firm, association, partnership, corporation or other
entity engaged in any business which competes with the Bank’s business within the Restricted Territory. 

  

	 	7.4	 INDIRECT COMPETITION 

For the purposes of Sections 7.2 and 7.3 inclusive, but without limitation thereof, Executive will be in violation thereof if Executive engages
in any or all of the activities set forth therein directly as an individual on Executive’s own account, or indirectly as a partner, joint venturer, employee, agent, salesperson, consultant, officer and/or director of any firm, association,
partnership, corporation or other entity, or as a stockholder of any corporation in which Executive or Executive’s spouse, child or parent owns, directly or indirectly, individually or in the aggregate, more than five percent (5%) of the
outstanding stock. 
  

	 	7.5	 THE BANK 

For the purposes of this Section 7, the Bank shall include any and all direct and indirect subsidiary, parent, affiliated, or related
companies of the Bank for which Executive worked or had responsibility at the time of termination of Executive’s employment and at any time during the one (1) year period prior to such termination. 

 

	 	7.6	 THE BANK’S BUSINESS 

For the purposes of this Agreement, the “Bank’s business” means managing, operating, controlling, participating in and carrying
on domestic, international, personal and commercial banking services, including investment, trust, fiduciary, factoring and estate planning. 
  

	 	7.7	 RESTRICTED TERRITORY 

For the purposes of this Agreement, the “Restricted Territory” shall mean; (a) the geographic area(s) within a fifty
(50) mile radius of any and all Bank location(s) in, to, or for which Executive worked, to which Executive was assigned or had any responsibility (either direct or supervisory) at the time of termination of Executive’s employment and at
any time during the two (2) year period prior to such termination and (b) all of the specific customer accounts, whether within or outside of the geographic area described in (a) above, with which Executive had any contact or for

  
 15 

 
which Executive had any responsibility (either direct or supervisory) at the time of termination of Executive’s employment and at any time during the one (1) year period prior to such
termination. 
  

	 	7.8	 EXTENSION 

If it shall be judicially determined that Executive has violated any of Executive’s obligations under Section 7.3, then the period
applicable to each obligation that Executive shall have been determined to have violated shall automatically be extended by a period of time equal in length to the period during which such violation(s) occurred. 

 

	 	7.9	 NON-SOLICITATION 

Executive will not directly or indirectly at any time during the period of Executive’s employment or for a period of one (1) year
following the termination of Executive’s employment for any reason, attempt to disrupt, damage, impair or interfere with the Bank’s business by raiding any of the Bank’s employees or soliciting any of them to resign from their
employment by the Bank, or by disrupting the relationship between the Bank and any of its consultants, agents, representatives or vendors. Executive acknowledges that this covenant is necessary to enable the Bank to maintain a stable workforce and
remain in business. 
  

	 	7.10	 FURTHER COVENANTS 

  

	 	(a)	 Executive will keep in strict confidence, and will not, directly or indirectly, at any time during or after
Executive’s employment with the Bank, disclose, furnish, disseminate, make available or, except in the course of performing Executive’s duties of employment, use any trade secrets or confidential business and technical information of the
Bank or its customers or vendors, without limitation as to when or how the Executive may have acquired such information. Such confidential information shall include, without limitation, the Bank’s unique selling, and servicing methods and
business techniques, training, service and business manuals, promotional materials, training courses and other training and instructional materials, vendor and product information, customer and prospective customer lists, other customer and
prospective customer information and other business information. Executive specifically acknowledges that all such confidential information, whether reduced to writing, maintained on any form of electronic media, or maintained in Executive’s
mind or memory and whether compiled by the Bank, and/or Executive, derives independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from its disclosure or use, that
reasonable efforts have been made by the Bank to maintain the secrecy of such information, that such information is the sole property of the Bank and that any retention and use of such information by the Executive during Executive’s employment
with the Bank (except in the course of performing Executive’s duties and obligations to the Bank) or after the termination of Executive’s employment shall constitute a misappropriation of the Bank’s trade secrets. Nothing in this
Agreement prevents Executive from providing, without prior notice to the Bank, information to governmental or administrative authorities regarding possible violations of law or otherwise testifying

  
 16 

	 	
or participating in any investigation or proceeding by any governmental or administrative authorities regarding possible violations of law. 

 

	 	(b)	 Executive agrees that upon termination of Executive’s employment with the Bank, for any reason. Executive
shall return to the Bank, in good condition, all property of the Bank, including, without limitation, any computer, tablet, cell phone, keys or keycards, work papers, reports, drawings, photographs, negatives, prototypes, and the originals and all
copies of any materials which contain, reflect, summarize, describe, analyze or refer or relate to any items of information listed in Section 7.10(a) of this Agreement, whether in hard copy or generated and maintained on any form of electronic
media. In the event that such items are not so returned, the Bank will have the right to charge Executive for all reasonable damages, costs, attorneys’ fees and other expenses incurred in searching for, taking, removing and/or recovering such
property. 

  

	 	(c)	 Nothing in this Agreement prohibits Executive from reporting possible violations of federal law or regulation
to any governmental agency or entity, or making other disclosures that, in each case, are protected under the whistleblower provisions of federal law or regulation. Executive does not need the prior authorization of the Bank to make such reports or
disclosures and Executive is not required to notify the Bank that Executive has made such reports or disclosures. In addition, pursuant to 18 USC Section 1833(b), Executive shall not be held criminally or civilly liable under any federal or
state trade secret law for the disclosure of a trade secret that is made: (1) in confidence to a federal, state or local governmental official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or
investigating a suspected violation of law; or (2) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. If Executive files a lawsuit for retaliation by the Bank for reporting a suspected
violation of law. Executive may disclose the trade secret to an attorney and use the trade secret information in the court proceeding if Executive files any document containing the trade secret under seal and does not disclose the trade secret
except pursuant to court order. 

  

	 	7.11	 DISCOVERIES AND INVENTIONS; WORK MADE FOR HIRE 

 

	 	(a)	 Executive agrees that upon conception and/or development of any idea, discovery, invention, improvement,
software, writing or other material or design that: (i) relates to the business of the Bank, or (ii) relates to the Bank’s actual or demonstrably anticipated research or development, or (iii) results from any work performed by
the Executive for the Bank, Executive will assign to the Bank the entire right, title and interest in and to any such idea, discovery, invention, improvement, software, writing or other material or design. Executive has no obligation to assign any
idea, discovery, invention, improvement, software, writing or other material or design that the Executive conceives and/or develops entirely on Executive’s own time without using the Bank’s equipment, supplies, facilities, or trade secret
information unless the idea, discovery, invention, improvement, software, writing or other material or design: (A) relates to the business of the Bank, or (B) relates to the Bank’s actual or demonstrably anticipated research or
development, or (C) results from any work performed by 

  
 17 

	 	
Executive for the Bank. Executive agrees that any idea, discovery, invention, improvement, software, writing or other material or design that relates to the business of the Bank or relates to the
Bank’s actual or demonstrably anticipated research or development which is conceived or suggested by Executive, either solely or jointly with others, within one (1) year following termination of the Executive’s employment with the
Bank shall be presumed to have been so made, conceived or suggested in the course of such employment with the use of the Bank’s equipment, supplies, facilities, and/or trade secrets. 

 

	 	(b)	 In order to determine the rights of Executive and the Bank in any idea, discovery, invention, improvement,
software, writing or other material, and to insure the protection of the same, Executive agrees that during the Executive’s employment, and for one (1) year after termination of Executive’s employment with the Bank, the Executive will
disclose immediately and fully to the Bank any idea, discovery, invention, improvement, software, writing or other material or design conceived, made or developed by Executive solely or jointly with others. The Bank agrees to keep any such
disclosures confidential. Executive also agrees to record descriptions of all work in the manner directed by the Bank and agrees that all such records and copies, samples and experimental materials will be the exclusive property of the Bank.
Executive agrees that at the request of and without charge to the Bank, but at the Bank’s expense, the Executive will execute a written assignment of the idea, discovery, invention, improvement, software, writing or other material or design to
the Bank and will assign to the Bank any application for letters patent or for trademark registration made thereon, and to any common-law or statutory copyright therein; and that Executive will do whatever may
be necessary or desirable to enable the Bank to secure any patent, trademark, copyright, or other property right therein in the United States and in any foreign country, and any division, renewal, continuation, or continuation in part thereof, or
for any reissue of any patent issued thereon. In the event the Bank is unable, after reasonable effort, and in any event after ten (10) business days, to secure Executive’s signature on a written assignment to the Bank of any application
for letters patent or to any common-law or statutory copyright or other property right therein, whether because of the Executive’s physical or mental incapacity or for any other reason whatsoever, the
Executive irrevocably designates and appoints the Corporate Secretary of the Bank as Executive’s attorney-in-fact to act on Executive’s behalf to execute and
file any such application and to do all other lawfully permitted acts to further the prosecution and issuance of such letters patent, copyright or trademark. 

  

	 	(c)	 Executive acknowledges that, to the extent permitted by law, all work papers, reports, documentation, drawings,
photographs, negatives, tapes and masters therefor, prototypes and other materials (hereinafter, “items”) (including, without limitation, any and all such items generated and maintained on any form of electronic media) generated by
Executive during Executive’s employment with the Bank shall be considered a “work made for hire” and that ownership of any and all copyrights in any and all such items shall belong to the Bank. The item will recognize the Bank as the
copyright owner, will contain all proper copyright notices, e.g., “(creation date) Third Coast Bank, SSB, All Rights Reserved.” and will be in condition to be registered or

  
 18 

	 	
otherwise placed in compliance with registration or other statutory requirements throughout the world. 

  

	 	7.12	 COMMUNICATION OF CONTENTS OF AGREEMENT 

During Executive’s employment with the Bank and for one (1) year thereafter, Executive will communicate the contents of this
Section 7 of this Agreement to any person, firm, association, partnership, corporation or other entity that Executive intends to be employed by, associated with, or represent. 

 

	 	7.13	 RELIEF 

Executive acknowledges and agrees that the remedy at law available to the Bank for breach of any of Executive’s obligations under this
Agreement would be inadequate. Executive therefore agrees that, in addition to any other rights or remedies that the Bank may have at law or in equity, temporary and permanent injunctive relief may be granted in any proceeding which may be brought
to enforce any provision contained in Sections 7.2, 7.3, 7.9, 7.10, 7.11 and 7.12 inclusive, of this Agreement, without the necessity of proof of actual damage. 
  

	 	7.14	 REASONABLENESS 

Executive acknowledges that Executive’s obligations under this Agreement are reasonable in the context of the nature of the Bank’s
business and the competitive injuries likely to be sustained by the Bank if Executive were to violate such obligations and that these obligations do not place an undue burden on Executive. It is the desire and intent of the parties hereto that the
provisions of this Agreement shall be enforced to the fullest extent legally-permissible. Accordingly, if any particular provision(s) of this Agreement shall be adjudicated to be invalid or unenforceable, the court may modify or sever such
provision(s), such modification or deletion to apply only with respect to the operation of such provision(s) in the particular jurisdiction in which such adjudication is made. In addition, if any one or more of the provisions contained in this
Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible with the applicable law as it
shall then appear. The remaining provisions of this Agreement shall remain in full force and effect. 
  

	8.	 NON-DISPARAGEMENT 

Executive agrees and covenants that Executive will not at any time make, publish or communicate to any person or entity or in any public forum
any defamatory or disparaging remarks, comments or statements concerning the Bank or its businesses, or any of its employees, officers, and existing and prospective customers, suppliers, investors and other associated third parties. 

This Section 8 does not, in any way, restrict or impede Executive from exercising protected rights to the extent that such rights cannot
be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized 

  
 19 

 
government agency, provided that such compliance does not exceed that required by the law, regulation or order. Executive shall: (if lawful) promptly provide written notice of any such order to
the Board. In addition, this Section 8 does not in any way restrict or impede Executive from making good faith statements in internal performance discussions or reviews or denying false statements made by others. 

 

	9.	 ACKNOWLEDGEMENT 

Executive acknowledges and agrees that the services to be rendered by Executive to the Bank are of a special and unique character: that the
Executive will obtain knowledge and skill relevant to the Bank’s industry, methods of doing business and marketing strategies by virtue of Executive’s employment; and that the restrictive covenants and other terms and conditions of this
Agreement are reasonable and reasonably necessary to protect the legitimate business interest of the Bank. 
 Executive further acknowledges
that the amount of Executive’s compensation reflects, in part, the Executive’s obligations and the Bank’s rights under Section 7 and Section 8 of this Agreement; that Executive has no expectation of any additional
compensation, royalties or other payment of any kind not otherwise referenced herein in connection herewith; that Executive will not be subject to undue hardship by reason of the Executive’s full compliance with the terms and conditions of
Section 7 and Section 8 of this Agreement or the Bank’s enforcement thereof. 
  

	10.	 REMEDIES 

If, at the time of enforcement of any of the obligations in Section 7. a court shall hold that the duration, scope, or area restrictions
are unreasonable, the parties agree that the maximum duration, scope, or area reasonable, as determined by the court, shall be substituted and that the court shall enforce the obligations as modified. 

In the event of a breach or threatened breach by the Executive of Section 7 and Section 8 of this Agreement, Executive hereby
consents and agrees that the Bank shall be entitled to seek, in addition to other available remedies, a temporary or permanent injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction,
without the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and without the necessity of posting any bond or other security. The aforementioned equitable relief shall be in addition to, not in lieu
of, legal remedies, monetary damages or other available forms of relief. In addition, in the event of an alleged breach or violation by Executive of the obligations in Section 7. the non-compete period
shall be tolled until such breach or violation has been cured. 
  

	11.	 ARBITRATION 

Executive and the Bank agree to submit any controversy or claim arising out of this Agreement or otherwise relating to Executive’s
employment with the Bank, the Bank’s parent(s), or any of the Bank’s subsidiaries or the termination of such employment (including, but not limited to. any claims of breach of contract, wrongful termination or age, sex. race or other
discrimination) exclusively to confidential binding arbitration before a single arbitrator. Any such arbitration will 

  
 20 

 
be fully and finally resolved in binding arbitration in a proceeding in Texas in accordance with the Federal Arbitration Act and the National Rules for the Resolution of Employment Disputes of
the American Arbitration Association which are then in effect before a single arbitrator. Judgment upon any award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The Bank shall pay all reasonable fees of
professionals and experts and other costs and fees incurred by Executive in connection with any arbitration relating to the interpretation or enforcement of any provision of this Agreement if Executive prevails on any substantive issue in such
proceeding. 
  

	12.	 PUBLICITY 

During the Employment Term, Executive hereby consents to any and all reasonable and customary uses and displays, by the Bank and its agents,
representatives and licensees, of the Executive’s name, voice, likeness, image, appearance and biographical information in, on or in connection with any pictures, photographs, audio and video recordings, digital images, websites, television
programs and advertising, other advertising and publicity, sales and marketing brochures, books, magazines, other publications, CDs, DVDs, tapes and all other printed and electronic forms and media throughout the world, at any time during the period
of Executive’s employment by the Bank, for all legitimate commercial and business purposes of the Bank (“Permitted Uses”), without royalty, payment or other compensation to Executive. 

 

	13.	 GOVERNING LAW; JURISDICTION AND VENUE 

This Agreement, for all purposes, shall be construed in accordance with the laws of Texas without regard to conflicts of law principles.
Subject to Section 11, any action or proceeding by either of the parties to enforce this Agreement shall be brought only in Harris County, Texas, unless the principal place of Executive’s employment hereunder is located in a different
jurisdiction, in which case any action shall be brought in that County or related federal court. The parties hereby irrevocably submit to the exclusive jurisdiction of such courts and waive the defense of inconvenient forum to the maintenance of any
such action or proceeding in such venue. In any such proceeding, each of the parties hereby knowingly and willingly waives and surrenders such party’s right to trial by jury and agrees that such litigation shall be tried to a judge sitting
alone as the trier of both fact and law, in a bench trial, without a jury. 
  

	14.	 ENTIRE AGREEMENT 

Unless specifically provided herein, this Agreement contains all of the understandings and representations between Executive and the Bank
pertaining to the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter; provided, however, that if Executive and the
Bank enter into a separate restrictive covenant agreement and the provisions of that agreement conflict with the provisions in this Agreement, the provision that entitles the Bank to the broadest relief under applicable law shall control; provided,
further, that, with the exception of Section 5.9 (Section 280G), nothing in this Agreement shall supersede, limit or in any way affect any rights Executive may have under any employee benefit plan, program or agreement.

  
 21 

 
The parties mutually agree that this Agreement can be specifically enforced in court and can be cited as evidence in legal proceedings alleging breach of this Agreement. 

 

	15.	 MODIFICATION AND WAIVER 

No provision of this Agreement may be amended or modified unless such amendment or modification is agreed to in writing and signed by Executive
and by an individual authorized by the Board. No waiver by either of the parties of any breach by the other party hereto of any condition or provision of this Agreement to be performed by the other party hereto shall be deemed a waiver of any
similar or dissimilar provision or condition at the same or any prior or subsequent time, nor shall the failure of or delay by either of the parties in exercising any right, power or privilege hereunder operate as a waiver thereof to preclude any
other or further exercise thereof or the exercise of any other such right, power or privilege. 
  

	16.	 SEVERABILITY 

Should any provision of this Agreement be held by a court of competent jurisdiction to be enforceable only if modified, or if any portion of
this Agreement shall be held as unenforceable and thus stricken, such holding shall not affect the validity of the remainder of this Agreement, the balance of which shall continue to be binding upon the parties with any such modification to become a
part hereof and treated as though originally set forth in this Agreement. 
 The parties further agree that any such court is expressly
authorized to modify any such unenforceable provision of this Agreement in lieu of severing such unenforceable provision from this Agreement in its entirety, whether by rewriting the offending provision, deleting any or all of the offending
provision, adding additional language to this Agreement or by making such other modifications as it deems warranted to carry out the intent and agreement of the parties as embodied herein to the maximum extent permitted by law. 

The parties expressly agree that this Agreement as so modified by the court shall be binding upon and enforceable against each of them. In any
event, should one or more of the provisions of this Agreement be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions hereof, and if such provision or
provisions are not modified as provided above, this Agreement shall be construed as if such invalid, illegal or unenforceable provisions had not been set forth herein. 
  

	17.	 CAPTIONS 

Captions and headings of the sections and paragraphs of this Agreement are intended solely for convenience and no provision of this Agreement
is to be construed by reference to the caption or heading of any section or paragraph. 
  

	18.	 COUNTERPARTS 

This Agreement may be executed in separate counterparts (including facsimile and other electronically transmitted counterparts), each of which
shall be deemed an original, but all of which taken together shall constitute one and the same instrument. 

  
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	19.	 SECTION 409A 

This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) or
an exemption thereunder and shall be construed and administered in accordance with Section 409A and any such exemption thereunder. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made
upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as
a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A. each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made
under this Agreement upon a termination of employment shall only be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Bank makes no representations that the payments and benefits provided
under this Agreement comply with Section 409A and in no event shall the Bank 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. 
 If any reimbursements or
in-kind benefits provided by the Bank pursuant to this Agreement would constitute deferred compensation for purposes of Section 409A. such reimbursements or in-kind
benefits shall be subject to the following rules: (a) the amounts to be reimbursed, or the in-kind benefits to be provided, shall be determined pursuant to the terms of the applicable benefit plan, policy
or agreement and shall be limited to Executive’s lifetime and the lifetime of Executive’s eligible dependents: (b) the amounts eligible for reimbursement, or the in-kind benefits provided,
during any calendar year may not affect the expenses eligible for reimbursement, or the in-kind benefits provided, in any other calendar year; (c) any reimbursement of an eligible expense shall be made on
or before the last day of the calendar year following the calendar year in which the expense was incurred; and (d) Executive’s right to an in-kind benefit or reimbursement is not subject to
liquidation or exchange for cash or another benefit. 
 Notwithstanding any other provision of this Agreement, if any payment or benefit
provided to the Executive in connection with the termination of Executive’s employment is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A and the Executive is determined to be a
“specified employee” as defined in subsection (a)(2)(b)(i) of Section 409A, then such payment or benefit shall not be paid until the first payroll date to occur following the six (6) month anniversary of the Termination Date (the
“Specified Employee Payment Date”). The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to the Executive in a lump sum on the Specified Employee Payment Date (with
interest at the Applicable Federal Rate from the scheduled payment date to the date of payment), and thereafter any remaining payments shall be paid without delay in accordance with their original schedule. 

  
 23 

	20.	 SUCCESSORS AND ASSIGNS 

This Agreement is personal to Executive and shall not be assigned by Executive. Any purported assignment by Executive shall be null and void
from the initial date of the purported assignment. The Bank may assign this Agreement to any successor or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of
the Bank. This Agreement shall inure to the benefit of the Bank and permitted successors and assigns. Executive hereby consents to the assignment by the Bank of all of its rights and obligations hereunder to any successor to the Bank by merger or
consolidation or purchase of all or substantially all of the Bank’s assets, provided such transferee or successor assumes the liabilities of the Bank hereunder. 
  

	21.	 NOTICE 

Notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally, sent by registered
or certified mail, return receipt requested, sent via electronic mail, or sent by reputable overnight carrier to the parties at the addresses set forth below (or such other addresses as specified by the parties by like notice): 

If to the Bank: 
 Head of Human Resources 

Third Coast Bank, SSB 
 20202 Highway 59 N, Suite 190 

Humble, Texas 77338 
 Email:
                     
 If to Executive, to such address
as shall most currently appear on the records of the Bank. 
 Any notice under this Agreement shall be deemed to have been given when so
delivered (or in the case of electronic mail, when electronic evidence of transmission is received). 
  

	22.	 REPRESENTATIONS OF EXECUTIVE 

Executive represents and warrants to the Bank that: (a) Executive’s employment with the Bank and/or the execution, delivery, and
performance of this Agreement by Executive do not and shall not conflict with, breach, violate, or cause a default under any contract, agreement, instrument, order, judgment, or decree to which the Executive is a party or by which Executive is
bound; and (b) Executive is not a party to or bound by any employment agreement, non-compete agreement, confidentiality agreement, or other post-employment obligation with any other person or entity that
would limit the Executive’s job duties or obligations with the Bank in any way. 
  

	23.	 WITHHOLDING 

The Bank shall have the right to withhold from any amount payable hereunder any federal, state and local taxes in order for the Bank to satisfy
any withholding tax obligation it may have under any applicable law or regulation. Notwithstanding any other provision of this Agreement. 

  
 24 

 
the Bank shall not be obligated to guarantee any particular tax result for Executive with respect to any payment provided to Executive hereunder, and Executive shall be responsible for any taxes
imposed on Executive with respect to any such payment. 
  

	24.	 SURVIVAL 

Upon any expiration or other termination of this Agreement: (a) each of Sections 7 (Competitive Activity; Confidentiality;
Nonsolicitation), 8 (Disparagement), 9 (Acknowledgment), 10 (Remedies), 11 (Arbitration) and 12 (Publicity) shall survive such expiration or other termination; and (b) all of the other respective rights and obligations of the parties hereto
shall survive such expiration or other termination to the extent necessary to carry out the intentions of the parties under this Agreement. 
  

	25.	 ACKNOWLEDGEMENT OF FULL UNDERSTANDING 

EXECUTIVE ACKNOWLEDGES AND AGREES THAT EXECUTIVE HAS FULLY READ, UNDERSTANDS AND VOLUNTARILY ENTERS INTO THIS AGREEMENT. EXECUTIVE ACKNOWLEDGES
AND AGREES THAT EXECUTIVE HAS HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF EXECUTIVE’S CHOICE BEFORE SIGNING THIS AGREEMENT. 

  
 25 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

			
		 	 /s/ Audrey Duncan

		 	Audrey Duncan
		
		 	Dated: 6/23/2020                                  
                                      
		
		 	THIRD COAST BANK, SSB
		
		 	 /s/ Bart O. Caraway

		 	Bart O. Caraway
		 	Chief Executive Officer
		
		 	Dated: 7/6/20                                  
                                         
   

  
 [Signature Page to
Employment Agreement]EX-10.14

 Exhibit 10.14 

 
 THIRD COAST BANK, SSB 

SALARY CONTINUATION AGREEMENT 

THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made by and between Third Coast Bank, SSB, Humble, Texas, a Texas
banking association (the “Bank”), or any other successor, transferee, or assignees, and Donald Legato (the “Executive”). 

INTRODUCTION 
 To
encourage the Executive to remain an employee of the Bank, the Bank is willing to provide salary continuation benefits to the Executive. The Bank will pay the benefits from its general assets. 

AGREEMENT 
 The Executive
and the Bank agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 1.1
Definitions. Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 

1.1.1 “Accrual Balance” means the liability amount due under this Agreement and set forth on the financial
statements of the Bank, determined in accordance with generally accepted accounting principles and utilizing the Discount Rate. 

1.1.2 “Beneficiary” means each person designated pursuant to Article 4, or the estate of the deceased
Executive, entitled to benefits, if any, upon the death of the Executive. 
 1.1.3 “Beneficiary Designation
Form” means the form established from time to time by the Plan Administrator, attached to this Agreement as Exhibit A, that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries. 

1.1.4 “Cause” means as defined in an Employment Agreement. If no Employment Agreement exists, or if an
Employment Agreement exists but cause is not defined therein, then “cause” means: 
 (a) the Executive’s
willful failure to perform the Executive’s material duties (other than any such failure resulting from incapacity due to physical or mental illness); 

(b) the Executive’s willful failure to comply with any valid and legal directive of the Executive’s supervisor or the
Board of Directors; 
 (c) the Executive’s engagement in dishonesty, illegal conduct or misconduct, which is, in each
case as determined by the Bank, in its sole discretion, materially injurious to the Bank, the Holding Company, or any of their affiliates; 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 1 of 21

 (d) the Executive’s embezzlement, misappropriation or fraud, whether or
not related to Executive’s employment with the Bank; 
 (e) the Executive’s commission of or plea of guilty or nolo
contendere to a crime that constitutes a felony (or state law equivalent) or a crime that constitutes a misdemeanor involving moral turpitude; 

(f) the Executive is or becomes a person described in the Federal Deposit Insurance Act (the “FDI Act”),
Section 19(a)(1)(A) who has not received the Federal Insurance Corporation’s prior consent to participate in the Bank’s affairs under the “FDIC State of Policy for Section 19 of the FDI Act” or any successor thereto;

 (g) the Executive’s willful violation of a material policy or code of conduct of the Bank, including its Insider
Trading Policy or Code of Ethics; or 
 (h) the Executive’s material breach of any material obligation under this
Agreement, including, but not limited to, Sections 5.7 and 5.8 of this Agreement, or any other written agreement between the Executive and the Bank and/or the Holding Company. 

Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated by reason of violating Sections
1.1.4(a), (b), (c), (g) or (h) until the Executive is notified in writing by the Bank (or its successor entity) of a determination of a violation of Sections 1.1.4(a), (b), (c), (g) or (h), specifying the particulars thereof in reasonably
sufficient detail, and giving the Executive a reasonable opportunity (of not less than ten (10) days), together with his/her counsel, to explain to the Bank why there has been no violation of Sections 1.1.4(a), (b), (c), (g) or (h), followed by
a finding by the Bank (i) that in the good faith opinion of the Bank (or its successor entity), the Executive had committed an act described in Sections 1.1.4(a), (b), (c), (g) or (h) above, (ii) specifying the particulars thereof in
detail, and (iii) determining that such violation has not been corrected, or is not capable of correction. 
 1.1.5
“Change in Control” means and includes a change in ownership or effective control of the Bank or Holding Company or in the ownership of a substantial portion of the assets of the Bank or Holding Company, within the meaning of Code
Section 409A and as described in Treasury Regulations §§1.409A-3(i)(5). 

1.1.6 “Change in Control Benefit” means the benefit described in Section 2.5. 

1.1.7 “Code” means the Internal Revenue Code of 1986, as amended. 

1.1.8 “Death Benefit” means the benefit described in Article 3. 

1.1.9 “Disability” means that the Executive is determined to be totally disabled by the Social Security
Administration. 
 1.1.10 “Disability Benefit” means the benefit described in Section 2.4. 

  

			
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 1.1.11 “Discount Rate” means 5.5%, subject to change based
upon regulatory requirements. 
 1.1.12 “Effective Date” means June 23, 2020. 

1.1.13 “Employment Agreement” means a then-current employment agreement or similar agreement between the
Executive and the Bank and/or the Holding Company. 
 1.1.14 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended. 
 1.1.15 “Holding Company” means Third Coast Bancshares, Inc., a Texas
corporation and registered bank holding company. 
 1.1.16 “Involuntary Termination Date” means the month,
day and year in which Involuntary Termination of Employment occurs. 
 1.1.17 “Involuntary Termination of
Employment” means the Termination of Employment before the Normal Retirement Age for any reason other than death, Disability, Cause, or Change in Control either: 

(a) by the Bank or the Holding Company or 

(b) by the Executive for Good Reason if “good reason” is defined in the Employment Agreement (if no Employment
Agreement exists or if “good reason” is not defined in the Employment Agreement then this subpart shall not apply). 

1.1.18 “Normal Retirement Age” means age sixty-two (62) years
old. 
 1.1.19 “Normal Retirement Benefit” means the benefit described in Section 2.1. 

1.1.20 “Plan Administrator” means the plan administrator described in Article 8. 

1.1.21 “Plan Year” means each twelve (12) month period commencing on January 1st and ending on December 31st. Notwithstanding the preceding, the initial Plan Year shall begin on the Effective Date and shall end
December 31, 2020. 
 1.1.22 “Termination of Employment” shall mean a termination of the
Executive’s employment, whether voluntary or involuntary, for any reason whatsoever, determined as follows: 
 (c)
Generally. An Executive terminates employment when the facts and circumstances indicate that the Bank and the Executive reasonably anticipate that the Executive will perform no further services for the Bank or an affiliate of the Bank, or
that the level of bona fide services the Executive will perform for the Bank and affiliates of the Bank will permanently decrease to no more than twenty percent (20%) of the average level of bona fide services the Executive performed over the
immediately preceding thirty-six (36)-month period (or the full period of service if 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 3 of 21

 
the Executive has been providing services to the Bank and affiliates of the Bank for less than thirty-six (36) months) (the “36-month average”). 
 (d) Rebuttable Presumptions. Barring contrary
facts and circumstances, the Bank shall presume (i) that a decrease in bona fide services to twenty percent (20%) or less of the 36-month average constitutes a termination of employment, and
(ii) that continued bona fide services at fifty percent (50%) or more of the 36-month average does not constitute a termination of employment. 

(e) Employee v. Contractor. For purposes of the foregoing, services include those performed as an employee or as an
independent contractor. 
 (f) Leave of Absence. If an Executive takes a bona fide paid leave of absence (as defined
in Treasury Regulation § 1.409A-1(h)(1)) and has not otherwise terminated employment, the Bank shall treat the Executive as providing bona fide services at a level equal to the level of services that the
Executive would have been required to perform to receive the compensation paid with respect to such leave of absence. Periods during which an Executive takes a bona fide unpaid leave of absence (as defined in Treasury Regulation § 1.409A-1(h)(1)) and has not otherwise terminated employment will be disregarded for purposes of determining whether a Termination of Employment has occurred (including for purposes of determining the
applicable 36-month average). 
 1.1.23 “Voluntary Termination Date”
means the month, day and year Voluntary Termination of Employment occurs. 
 1.1.24 “Voluntary Termination of
Employment” means the Termination of Employment from the Bank or the Holding Company before Normal Retirement Age by the Executive for any reason other than death, Disability, Cause, or Change in Control. 

ARTICLE 2 
 LIFETIME
BENEFITS 
 2.1 Normal Retirement Benefit. Upon the Executive’s Normal Retirement Age, the Executive shall be entitled to
the benefit described in this Section 2.1. 
 2.1.1 Amount of Benefit. The annual benefit under this
Section 2.1 is One Hundred Fifty-five Thousand Six Hundred Sixty-five Dollars ($155,665). 
 2.1.2 Payment of
Benefit. The Bank shall pay the annual benefit described in Section 2.1.1 for a period of ten (10) years, payable in monthly (one-twelfth (1/12th) of the annual benefit) installments beginning on the
last day of the month following the month in which the Executive’s Normal Retirement Age occurs. The monthly installment payments under this Section 2.1.2 shall total one hundred twenty (120) substantially equal payments over a period
of one hundred twenty (120) months. 
 2.2 Involuntary Termination of Employment. Subject to the provisions of Section 2.5,
upon Involuntary Termination of Employment occurs before the Executive’s Normal Retirement Age 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 4 of 21

 
for reasons other than death, Cause, Disability, or in connection with a Change in Control, the Executive shall be entitled to the benefit described in this Section 2.2. 

2.2.1 Amount of Benefit. The amount of the benefit under this Section 2.2 is the vested Accrual Balance, determined
as of the Involuntary Termination Date in accordance with the schedule set forth in Section 2.2.2, and the Executive shall forfeit, for no consideration, the unvested Accrual Balance as of the Involuntary Termination Date and shall be entitled
to no further benefits under this Agreement. 
 2.2.2 Vesting Schedule. The Executive shall become vested in the
Accrual Balance in accordance with the following schedule: 
  

					
	 Plan Years Completed
	  	Vesting Percentage	 
	 1
	  	 	60	% 
	 2
	  	 	80	% 
	 3
	  	 	100	% 

 2.2.3 Payment of Benefit. The Bank shall pay the benefit described in
Section 2.2.1, if any, in a single lump-sum payment to the Executive sixty (60) days following the last day of the month in which the Involuntary Termination Date occurs. 

2.3 Voluntary Termination of Employment. Subject to the provisions of Section 2.5, upon Voluntary Termination of Employment, the
Executive shall be entitled to the benefit described in this Section 2.3. 
 2.3.1 Amount of Benefit. The amount
of the benefit under this Section 2.3 is the vested Accrual Balance, determined as of Voluntary Termination Date in accordance with the schedule set forth in Section 2.3.2, and the Executive shall forfeit, for no consideration, the
unvested Accrual Balance as of the Voluntary Termination Date and shall be entitled to no further benefits under this Agreement. 

2.3.2 Vesting Schedule. The Executive shall become vested in the Accrual Balance in accordance with the following
schedule: 
  

					
	 Plan Years Completed
	  	Vesting Percentage	 
	 1
	  	 	50	% 
	 2
	  	 	60	% 
	 3
	  	 	70	% 
	 4
	  	 	80	% 
	 5
	  	 	90	% 
	 6
	  	 	100	% 

 2.3.3 Payment of Benefit. The Bank shall pay the benefit described in
Section 2.3.1, if any, in a single lump-sum payment to the Executive sixty (60) days following the last day of the month in which the Voluntary Termination Date occurs. 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 5 of 21

 2.4 Disability Benefit. Upon the Executive’s Disability prior to Normal
Retirement Age, the Executive shall be entitled to the benefit described in this Section 2.4. 
 2.4.1 Amount of
Benefit. The amount of the benefit under this Section 2.4 is one hundred percent (100%) of the Accrual Balance, determined as of the Executive’s Disability. 

2.4.2 Payment of Benefit. The Bank shall pay the benefit described in Section 2.4.1 in a single lump-sum payment sixty (60) days following the last day of the month in which the Executive’s Disability occurs. 

2.5 Change in Control Benefit. Upon a Change in Control, the Executive, subject to the provisions of Section 5.2, shall be
entitled to the benefit described in this Section 2.5. 
 2.5.1 Amount of Benefit. The amount of the benefit
under this Section 2.5 is one hundred percent (100%) of the Accrual Balance, determined as of the date of the Change in Control. 

2.5.2 Payment of Benefit. The Bank shall pay the benefit described in Section 2.5.1 to the Executive in a single lump-sum payment sixty (60) days following the last day of the month in which the Change in Control occurs. 

2.6 Distributions Upon Income Inclusion Under Code Section 409A of the Code. Upon the inclusion of any amount into
the Executive’s income as a result of the failure of this Agreement to comply with the requirements of Code Section 409A, a distribution shall be made as soon as is administratively practicable following the discovery of the failure. The
amount distributed may not exceed the amount to be included in income as a result of the failure to comply with the requirements of Code Section 409A and the regulations thereunder. 

ARTICLE 3 
 DEATH
BENEFITS 
 3.1 Death During Active Service. If the Executive dies while in the active service of the Bank and prior to receiving
any payments under this Agreement, the Executive’s Beneficiary shall be entitled to the benefit described in this Section 3.1. 

3.1.1 Amount of Benefit. The annual benefit under Section 3.1 is the Normal Retirement Benefit set forth in
Section 2.1. 
 3.1.2 Payment of Benefit. The Bank shall pay the annual benefit described in Section 3.1.1 to the
Beneficiary for a period of ten (10) years, payable in monthly (one twelfth (1/12th) of the annual benefit) installments beginning on the last day of the month following the month in which the Executive dies. The monthly installment payments
under this Section 3.1.2 shall total one hundred twenty (120) substantially equal payments over a period of one hundred twenty (120) months. 

3.2 Death During Benefit Period. If the Executive dies after benefit payments have commenced under this Agreement, or after the
Executive is entitled to begin receiving benefits, but before receiving all such payments, the Bank shall pay the remaining benefits to the Executive’s 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 6 of 21

 
Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived. 

ARTICLE 4 
 BENEFICIARIES

 4.1 Beneficiary Designations. The Executive shall designate a Beneficiary by filing with the Bank a written designation of
Beneficiary on a form substantially similar to the form attached as Exhibit A. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive
and accepted by the Bank during the Executive’s lifetime. Unless otherwise communicated to the Bank in writing by the Executive, the Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases
the Executive, or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid Beneficiary designation, all payments shall be made to the Executive’s surviving spouse, if any,
and if none, to the Executive’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Executive’s estate. 

4.2 Facility of Payment. If a benefit under this Agreement is payable to a minor, to a person declared incompetent, or to a person
incapable of handling the disposition of his or her property, the Bank may pay such benefit to the guardian, legal representative, or person having the care or custody of such minor, incompetent person, or incapable person. The Bank may require
proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Bank from all liability with respect to such benefit. 

ARTICLE 5 
 GENERAL
LIMITATIONS 
 5.1 Cause. Notwithstanding any provision of this Agreement to the contrary, the Bank shall not pay any benefit
under this Agreement if Executive’s Termination of Employment by the Bank is due to Cause. Further, if the Executive is receiving benefits under this Agreement, and the Bank discovers after the Executive’s Termination of Employment or
other separation from service from the Bank, regardless of reason, that the Executive committed any acts while employed with the Bank that rise to the level of Cause, then, in addition to any other remedies available to it, the Bank may immediately
cease payment of any further benefits due under this Agreement. 
 5.2 Golden Parachute Payment. Notwithstanding any provision of
this Agreement to the contrary, the Bank shall not be required to pay any benefit under this Agreement if, upon the advice of counsel, the Bank determines that the payment of such benefit would be prohibited by 12 C.F.R. Part 359 or any
successor regulations regarding employee compensation promulgated by any regulatory agency having jurisdiction over the Bank or its affiliates or to the extent the benefit would be a non-deductible excess
parachute payment under Section 280G and 4999 of the Code. To the extent possible, such benefit payment shall be proportionately reduced to allow payment within the fullest extent permissible under applicable law. The Executive shall forfeit,
for no consideration, any amount over and above such reduced amount. 

  

			
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 5.3 Acceleration of Payments. Except as specifically permitted herein or in other
sections of this Agreement, no acceleration of the time or schedule of any payment may be made hereunder. Notwithstanding the foregoing, payments may be accelerated hereunder by the Bank (without any direct or indirect election on the part of the
Executive), in accordance with the provisions of Treasury Regulation §1.409A-3(j)(4) and any subsequent guidance issued by the Treasury. Accordingly, payments may be accelerated, in the following
circumstances: (i) in limited cash-outs; or (ii) to pay any taxes that may become due at any time that this Agreement fails to meet the requirements of Code Section 409A (but in no case shall such payments exceed the amount to be
included in income as a result of the failure to comply with the requirements of Code Section 409A). 
 5.4 Changes to Time and/or
Form of Payment. Subject to the Bank’s approval, the Executive may delay the time of a payment or change the form of a payment as expressly provided under this Section 5.4 and Code Section 409A (a “Subsequent
Deferral Election”). Notwithstanding the foregoing, a Subsequent Deferral Election cannot accelerate any payment. A Subsequent Deferral Election which delays payment or changes the form of payment is permitted only if all of the
following requirements are met: 
 (a) the Subsequent Deferral Election does not take effect until at least twelve
(12) months after the date on which the election is made; 
 (b) the Subsequent Deferral Election relates to a payment
based on Termination of Employment or a payment made at a specified time, the election must result in payment being deferred for a period of not less than five (5) years from the date the first amount was scheduled to be paid as a result of
such event; and 
 (c) the Subsequent Deferral Election relates to a payment at a specified time, the election must be made
not less than twelve (12) months before the date the first amount was scheduled to be paid. 
 5.5 Suicide. No benefits shall be
payable if the Executive commits suicide within two (2) years after the date of this Agreement, or if the Executive has made any material misstatement of fact on any application for life insurance purchased by the Bank. 

5.6 Delays. If the Bank reasonably anticipates that any payment scheduled to be made under this Agreement would violate securities laws
(or other applicable laws) or jeopardize the ability of the Bank to continue as a going concern if paid as scheduled, then the Bank may defer that payment, provided the Bank treats payments to all similarly situated persons participating in all
arrangements that would be aggregated with this Agreement under Code Section 409A on a reasonably consistent basis. In addition, the Bank may, at its discretion, delay a payment upon such other events and conditions as the Internal Revenue
Service may prescribe, provided the Bank treats payments to all similarly situated persons participating in all arrangements that would be aggregated with this Agreement under Code Section 409A on a reasonably consistent basis. The amounts so
accrued in accordance with the terms of this Agreement shall be distributed to the Executive or his/her Beneficiary (in the event of the Executive’s death) at the earliest possible date on which the Bank reasonably anticipates that such
violation or material harm would be avoided or as otherwise prescribed by the Internal Revenue Service. 

  

			
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 5.7 Non-Solicitation. In consideration of the
benefits provided under this Agreement, the Executive agrees and covenants not to: 
 (a) directly or indirectly, solicit,
hire, recruit, attempt to hire or recruit, or induce the termination of employment of any employee of the Bank during the period of the Executive’s employment or other service and for a period of two (2) years following the
Executive’s termination of employment or other service for any reason; 
 (b) directly or indirectly, solicit, contact
(including, but not limited to, e-mail, regular mail, express mail, telephone, fax, and instant message), attempt to contact or meet with the current, former or prospective customers of the Bank for purposes
of offering or accepting goods or services similar to or competitive with those offered by the Bank during the period of the Executive’s employment or other service and for a period of two (2) years following the Executive’s
termination of employment or other service for any reason; and 
 (c) directly or indirectly attempt to disrupt, damage,
impair or interfere with the Bank’s business by disrupting the relationship between the Bank and any of its consultants, agents, representatives or vendors during the period of the Executive’s employment or other service and for a period
of two (2) years following the Executive’s termination of employment or other service for any reason. 
 If it shall be judicially
determined that the Executive has violated any of the Executive’s obligations under this Section 5.7, then the period applicable to each obligation that the Executive shall have been determined to have violated shall automatically be
extended by a period of time equal in length to the period during which such violation(s) occurred. During the Executive’s employment or other service with the Bank and for two (2) years thereafter (or such longer period as the
restrictions may apply pursuant to the foregoing sentence), the Executive will communicate the contents of this Section 5.7 to any person, firm, association, partnership, corporation or other entity that the Executive intends to be employed by,
associated with, or represent. For the purposes of Sections 5.7, 5.8 and 5.9, references to the Bank shall include any and all direct and indirect subsidiary, parent, affiliated, or related companies of the Bank. 

5.8 Additional Covenants. 

5.8.1 Confidentiality. The Executive will keep in strict confidence, and will not, directly or indirectly, at any time
during or after Executive’s employment with the Bank, disclose, furnish, disseminate, make available or, except in the course of performing the Executive’s duties of employment, use any trade secrets or confidential business and technical
information of the Bank or its customers or vendors, without limitation as to when or how the Executive may have acquired such information. Such confidential information shall include, without limitation, the Bank’s unique selling, and
servicing methods and business techniques, training, service and business manuals, promotional materials, training courses and other training and instructional materials, vendor and product information, customer and prospective customer lists, other
customer and prospective customer information and other business information. The Executive specifically acknowledges that all such confidential information, whether reduced to writing, maintained on any form of electronic media, or maintained in
the Executive’s mind or memory and whether compiled 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 9 of 21

 
by the Bank, and/or the Executive, derives independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from its disclosure
or use, that reasonable efforts have been made by the Bank to maintain the secrecy of such information, that such information is the sole property of the Bank and that any retention and use of such information by the Executive during the
Executive’s employment with the Bank (except in the course of performing Executive’s duties and obligations to the Bank) or after the termination of Executive’s employment shall constitute a misappropriation of the Bank’s trade
secrets. 
 5.8.2 Whistle Blower Protections. Nothing in this Agreement: (i) prevents the Executive from
providing, without prior notice to the Bank, information to governmental or administrative authorities regarding possible violations of law or otherwise testifying or participating in any investigation or proceeding by any governmental or
administrative authorities regarding possible violations of law, nor (ii) prohibits the Executive from reporting possible violations of federal law or regulation to any governmental agency or entity, or making other disclosures that, in each
case, are protected under the whistleblower provisions of federal law or regulation. The Executive does not need the prior authorization of the Bank to make such reports or disclosures and the Executive is not required to notify the Bank that
Executive has made such reports or disclosures. In addition, pursuant to 18 USC Section 1833(b), the Executive shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that
is made: (i) in confidence to a federal, state or local governmental official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law; or (ii) in a complaint
or other document filed in a lawsuit or other proceeding, if such filing is made under seal. If the Executive files a lawsuit for retaliation by the Bank for reporting a suspected violation of law, the Executive may disclose the trade secret to an
attorney and use the trade secret information in the court proceeding if the Executive files any document containing the trade secret under seal and does not disclose the trade secret except pursuant to court order. 

5.9 Relief. In the event of a breach or threatened breach by the Executive of any of the covenants contained in Sections 5.7 and 5.8,
any unpaid benefits under this Agreement shall be forfeited effective as of the date of such breach, unless sooner terminated by operation of another term or condition of this Agreement. The Executive acknowledges and agrees that the remedy at law
available to the Bank for breach of any of Executive’s obligations under this Agreement would be inadequate. The Executive therefore hereby consents and agrees that the Bank shall be entitled to seek, in addition to other available remedies, a
temporary or permanent injunction or other equitable relief against such breach or threatened breach of Sections 5.7 or 5.8 from any court of competent jurisdiction, without the necessity of showing any actual damages or that money damages would not
afford an adequate remedy, and without the necessity of posting any bond or other security. The aforementioned equitable relief shall be in addition to, not in lieu of, legal remedies, monetary damages or other available forms of relief. For the
avoidance of doubt, the covenants contained in this Agreement are in addition to, and not in lieu of, any other restrictive covenants or similar covenants or agreements between the Executive and the Bank. 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 10 of 21

 ARTICLE 6 

CLAIMS AND REVIEW PROCEDURES 

6.1 Claims Procedure (for Claims other than for Disability Benefits). An Executive or Beneficiary (“claimant”) who has
not received benefits under this Agreement (other than Disability Benefits) that he or she believes should be paid shall make a claim for such benefits as follows: 

6.1.1 Initiation – Written Claim. The claimant initiates a claim by submitting to the Bank a written claim for the
benefits. 
 6.1.2 Timing of Bank Response. The Bank shall respond to such claimant within ninety (90) days after
receiving the claim. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional ninety (90) days by notifying the claimant in writing, prior to
the end of the initial ninety (90)-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its
decision. 
 6.1.3 Notice of Decision. If the Bank denies part or all of the claim, the Bank shall notify the claimant
in writing or by electronic communication of such denial. The Bank shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 

(a) the specific reasons for the denial, 

(b) a reference to the specific provisions of this Agreement on which the denial is based, 

(c) a description of any additional information or material necessary for the claimant to perfect the claim and an explanation
of why it is needed, 
 (d) an explanation of this Agreement’s review procedures and the time limits applicable to such
procedures, and 
 (e) a statement of the claimant’s right to bring a civil action under ERISA Section 502(a)
following an adverse benefit determination on review. 
 6.2 Review Procedure. If the Bank denies part or all of the claim pursuant
to Section 6.1, the claimant shall have the opportunity for a full and fair review by the Bank of the denial, as follows: 

6.2.1 Initiation – Written Request. To initiate the review, the claimant, within sixty (60) days after
receiving the Bank’s notice of denial, must file with the Bank a written request for review. 
 6.2.2 Additional
Submissions – Information Access. The claimant shall then have the opportunity to submit written comments, documents, records, and other information relating to the claim. The Bank shall also provide the claimant, upon request and free of

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 11 of 21

 
charge, reasonable access to, and copies of, all documents, records, and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits. 

6.2.3 Considerations on Review. In considering the review, the Bank shall take into account all materials and
information the claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 

6.2.4 Timing of Bank Response. The Bank shall respond in writing to such claimant within sixty (60) days after
receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional sixty (60) days by notifying the claimant in writing,
prior to the end of the initial sixty (60)-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render
its decision. 
 6.2.5 Notice of Decision. The Bank shall notify the claimant in writing or by electronic
communication of its decision on the review. The Bank shall write the notification in a manner calculated to be understood by the claimant. If the Bank denies part or all of the appeal, the notification shall set forth: 

(a) the specific reasons for the denial, 

(b) a reference to the specific provisions of this Agreement on which the denial is based, 

(c) a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of,
all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits, and 

(d) a statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 

6.3 Claims Procedure for Disability Benefits. A claimant who has not received a Disability Benefit under this Agreement that he or she
believes should be paid shall make a claim for such benefits as follows: 
 6.3.1 Initiation – Written Claim. The
claimant initiates a claim by submitting to the Bank a written claim for the benefits. 
 6.3.2 Timing of Bank
Response. The Bank shall respond to such claimant within forty-five (45) days after receiving the claim. If the Bank determines that additional time for processing the claim is required due to matters beyond its control, the Bank can extend
the response period by up to two (2) additional thirty (30) days by notifying the claimant in writing, prior to the end of the initial forty-five (45) day period (or first thirty (30)-day
extension period, if applicable) that an additional period is required. The notice of extension must set forth the reason for the extension, the standards on which entitlement to the 

  

			
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Disability Benefit is based, any unresolved issues that prevent a decision on the claim, the additional information, if any, the Executive must submit, and the date by which the Bank expects to
render its decision. If the Executive provides additional information, he or she will be provided with at least forty-five (45) days to provide the additional information. The period from which the Executive is notified of the additional
required information to the date he or she responds is not counted as part of the determination period. 
 6.3.3 Notice of
Decision. If the Bank denies part or all of the claim, the Bank shall notify the claimant in writing or by electronic communication of such denial. The Bank shall write the notification in a manner calculated to be understood by the claimant.
The notification shall set forth: 
 (a) the specific reasons for the denial; 

(b) a reference to the specific provisions of this Agreement on which the denial is based; 

(c) a description of any additional information or material necessary for the claimant to perfect the claim and an explanation
of why it is needed; 
 (d) a discussion of the decision that includes the basis for disagreeing with or not following: 

i. the views presented by health care professionals treating the claimant and vocational professionals who evaluated the
claimant; 
 ii. the views of medical or vocational experts whose advice was obtained on the Bank’s behalf, regardless
of whether the advice was relied on in making the benefit denial; and 
 iii. a disability determination made by the Social
Security Administration, if presented to the Bank; 
 (e) if the decision was based on medical necessity or experimental
treatment (or a similar exclusion or limit), either: 
 i. an explanation of the scientific or clinical judgment for the
denial, applying the terms of this Agreement to the claimant’s medical circumstances; or 
 ii. a statement that this
explanation will be provided free of charge upon request; 
 (f) either the specific internal rules, guidelines, protocols,
standards, or other similar criteria of the Bank relied on in making the denial, or notice that such rules, guidelines, protocols, standards, or other similar criteria of the Bank do not exist; 

  

			
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 (g) notice that the claimant is entitled to receive (on request and free of
charge) reasonable access to and copies of, all documents, records, and other information relevant to the claimant’s claim for benefits; 

(h) an explanation of this Agreement’s review procedures and the time limits applicable to such procedures; and 

(i) a statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse
benefit determination on review. 
 Claimants are guaranteed the right to present evidence and testimony regarding their
claim during the review process. If the Executive lives in a county with a significant population of non-English speaking persons, the Bank will provide, in the
non-English language(s), a statement of how to access oral and written language services in those languages. 

6.4 Review Procedure. If the Bank denies part or all of the claim pursuant to Section 6.3, the claimant shall have the opportunity
for a full and fair review by the Bank of the denial, as follows: 
 6.4.1 Initiation – Written Request. To
initiate the review, the claimant, within one hundred eighty (180) days after receiving the Bank’s notice of denial, must file with the Bank a written request for review. 

6.4.2 Additional Submissions – Information Access. The claimant shall then have the opportunity to submit written
comments, documents, records, and other information relating to the claim. The Bank shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant (as
defined in applicable ERISA regulations) to the claimant’s claim for benefits. 
 6.4.3 Considerations on Review.
In considering the review, the Bank shall take into account all materials and information the claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The
appeal will be conducted by an appropriate named fiduciary, who is not the person who made the initial decision or the subordinate of that person. For claims involving medical judgment, including decisions about whether a treatment or drug is
experimental, investigational, or not medically necessary, the named fiduciary will consult with a health care professional who: 

(a) Has appropriate training and experience in the area of medicine involved, 

(b) Was not consulted during the initial denial, and 

(c) Is not a subordinate of the person who made the initial denial. 

  

			
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 The Bank will identify the medical or other experts who were consulted when
making the benefit determination, regardless of whether the expert’s advice was relied on in making the determination. 

Before a benefit denial is issued on appeal, the claimant will be provided (free of charge) with any new or additional evidence
considered, relied on, or generated by the Bank or other person making the benefit determination (or at the direction of the Bank or other person) regarding the claim. The claimant will be provided any new or additional evidence as soon as possible
and sufficiently in advance of the date the appeal denial notice is due, so that the claimant has a reasonable opportunity to respond. 

Before a benefit denial is issued on appeal, if the denial is issued based on a new or additional rationale, the claimant will
be provided, free of charge, with the rationale. The claimant will be provided with the rationale as soon as possible and sufficiently in advance of the date on which the appeal denial notice is due, so that the claimant has a reasonable opportunity
to respond. 
 6.4.4 Timing of Bank Response. The Bank shall respond in writing to such claimant within forty-five
(45) days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional forty-five (45) days by
notifying the claimant in writing, prior to the end of the initial forty-five (45)-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the
date by which the Bank expects to render its decision. 
 6.4.5 Notice of Decision. The Bank shall notify the claimant
in writing or by electronic communication of its decision on the review. The Bank shall write the notification in a manner calculated to be understood by the claimant. If the Bank denies part or all of the appeal, the notification shall set forth:

 (a) the specific reasons for the denial; 

(b) a reference to the specific provisions of this Agreement on which the denial is based; 

(c) a discussion of the decision that includes the basis for disagreeing with or not following: 

i. the views presented by health care professionals treating the claimant and vocational professionals who evaluated the
claimant; 
 ii. the views of medical or vocational experts whose advice was obtained on the Bank’s behalf, regardless
of whether the advice was relied on in making the benefit denial; and 
 iii. a disability determination made by the Social
Security Administration, if presented to the Bank; 

  

			
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 (d) if the decision was based on medical necessity or experimental treatment
(or a similar exclusion or limit), either: 
 i. an explanation of the scientific or clinical judgment for the denial,
applying the terms of this Agreement to the claimant’s medical circumstances; or 
 ii. a statement that this
explanation will be provided free of charge upon request; 
 (e) either the specific internal rules, guidelines, protocols,
standards, or other similar criteria of the Bank relied on in making the denial, or notice that such rules, guidelines, protocols, standards, or other similar criteria of the Bank do not exist, and 

(f) a statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse
benefit determination on review, including a description of any contractual limitations period relevant to the right to sue, with the calendar date on which the contractual limitations period expires for the claim. 

6.5 Claims Procedures Mandatory. The internal claims procedures set forth in this Article 6 are mandatory. If a claimant fails to
follow these claims procedures, or to timely file a request for appeal in accordance with this Article 6, the denial of the claim shall become final and binding on all persons for all purposes. 

ARTICLE 7 
 AMENDMENTS
AND TERMINATION 
 7.1 Amendment. This Agreement may be amended at any time by the Bank by a written agreement signed by the Bank
and the Executive. However, the Bank may unilaterally amend this Agreement to conform with written directives to the Bank from its auditors or banking regulators or to comply with legislative changes or tax law, including without limitation Code
Section 409A and any and all Treasury regulations and guidance promulgated thereunder. This Agreement may also be unilaterally amended by the Bank at any time, retroactively if required, if found necessary in the opinion of the Bank, in order
to ensure that this Agreement is characterized as a “top-hat” plan of deferred compensation maintained for a select group of management or highly compensated employees as described under ERISA
Sections 201(2), 301(a)(3), and 401(a)(1), to conform this Agreement to the provisions of Code Section 409A and to conform this Agreement to the requirements of any other applicable law (including ERISA, banking regulations, and the Code). No
such amendment shall be considered prejudicial to any interest of the Executive or a Beneficiary hereunder without written consent of the Executive or Beneficiary. 

7.2 Suspension of Agreement. The Bank may, in its sole discretion and prior to commencement of the payment of benefits under this
Agreement, suspend this Agreement and cease all future accruals thereunder as of the date this Agreement is suspended. In such event, and unless and until this Agreement is later reinstated, the Executive shall receive payments under this Agreement
at the times and in the manner as set forth in Articles 2 and 3, provided that (i) the Accrual Balance for the purposes of determining the benefits payable shall be determined as of the date this

  

			
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Agreement is suspended under this Section 7.2. and (ii) for the purposes of Section 2.1.1 only, and any continuation of such payments under Section 3.2, as applicable, the
annual benefit shall be adjusted so that the present value, determined in accordance with generally accepted accounting principles, of all payments to be paid under Section 2.1.1 (or Section 3.2, as applicable) is equal to the Accrual
Balance as of the date this Agreement is suspended under this Section 7.2. If this Agreement is reinstated, the terms of this Agreement otherwise in effect prior to suspension under this Section 7.2 shall control. 

7.3 Agreement Termination Generally. The Bank may terminate this Agreement at any time. Except as provided in Section 7.4, the
termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, after such termination, benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3. 

7.4 Agreement Terminations Under Code Section 409A. Notwithstanding anything to the contrary in Section 7.2, if
this Agreement terminates in the following circumstances, the Bank shall distribute one hundred percent (100%) of the Accrual Balance, determined as of the date of the termination of this Agreement, to the Executive in a single lump-sum payment: 
 (a) Within thirty (30) days before or twelve (12) months
after a Change in Control, provided that all distributions are made no later than twelve (12) months following such termination of this Agreement and further provided that all the Bank’s arrangements which are substantially similar to this
Agreement are terminated so the Executive and all participants in the similar arrangements are required to receive all amounts of compensation deferred under the terminated arrangements within twelve (12) months of the termination of the
arrangements; and 
 (b) Upon the Bank’s termination of this and all other arrangements that would be aggregated with
this Agreement pursuant to Treasury Regulation Section 1.409A-l(c) if the Executive participated in such arrangements (“Similar Arrangement”), provided that (i) the termination and
liquidation does not occur proximate to a downturn in the financial health of the Bank, (ii) all termination distributions are made no earlier than twelve (12) months and no later than twenty-four (24) months following such
termination, and (iii) the Bank does not adopt any new arrangement that would be a Similar Arrangement for a minimum of three (3) years following the date the Bank takes all necessary action to irrevocably terminate and liquidate this
Agreement. 
 ARTICLE 8 

MISCELLANEOUS 
 8.1
Binding Effect. This Agreement shall bind the Executive and the Bank, and their beneficiaries, survivors, executors, administrators, and permitted transferees. 

8.2 No Guarantee of Employment. This Agreement is not an employment policy or contract. It does not give the Executive the right to
remain an employee of the Bank, nor does it interfere with the Bank’s right to discharge the Executive. It also does not require the Executive to remain an employee nor interfere with the Executive’s right to terminate employment at any
time. 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 17 of 21

 8.3 Non-Transferability. Benefits under this
Agreement cannot be sold, transferred, assigned, pledged, attached, or encumbered in any manner, except in accordance with Article 4 with respect to designation of Beneficiaries. 

8.4 Tax Withholding. The Bank shall withhold any taxes that are required to be withheld from the benefits provided under this
Agreement. 
 8.5 Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of the State of Texas, except
to the extent preempted by the laws of the United States of America. 
 8.6 Unfunded Arrangement. The Executive and Beneficiary are
general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation,
sale, transfer, assignment, pledge, encumbrance by the Executive, or attachment or garnishment by the Executive’s creditors. Any insurance on the Executive’s life is a general asset of the Bank to which the Executive and Beneficiary have
no preferred or secured claim. 
 8.7 Severability. Without limitation of any other section contained herein, in case any one or more
provisions contained in this Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any other respect, such invalidity, illegality, or unenforceability shall not affect the other provisions of this Agreement. In the event
any one or more of the provisions found in this Agreement shall be held to be invalid, illegal, or unenforceable by any governmental regulatory agency or court of competent jurisdiction, this Agreement shall be construed as if such invalid, illegal,
or unenforceable provision had never been a part of this Agreement and such provision shall be deemed substituted by such other provisions as will most nearly accomplish the intent of the parties to the extent permitted by applicable law. 

8.8 Entire Agreement. This Agreement constitutes the entire agreement between the Bank and the Executive as to the subject matter
hereof. No rights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. 
 8.9 Plan
Administrator. The Bank shall have powers which are necessary to administer this Agreement, including but not limited to: 

(a) interpreting the provisions of this Agreement; 

(b) establishing and revising the method of accounting for this Agreement; 

(c) maintaining a record of benefit payments; and 

(d) establishing rules and prescribing any forms necessary or desirable to administer this Agreement. 

8.10 Named Fiduciary. For purposes of the ERISA, if applicable, the Bank shall be the named fiduciary and Plan Administrator under this
Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of this Agreement, including the employment of advisors and the delegation of ministerial duties to qualified individuals. 

  

			
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 8.11 Full Obligation. Notwithstanding any provision to the contrary, when the Bank
has paid either the lifetime benefits or death benefits to which the Executive has become entitled as appropriate under any section or subsection of this Agreement, the Bank has completed its obligation to the Executive. 

8.12 Code Section 409A. The benefits described in and provided by this Agreement are intended to be exempt from Code
Section 409A, as amended, and its corresponding regulations and related guidance, or to otherwise comply with the requirements of Code Section 409A. Notwithstanding any provision of this Agreement to the contrary, the interpretation and
distribution of the Executive’s benefits under this Agreement shall be made in a manner and at such times as to comply with all applicable provisions of Code Section 409A and the regulations and guidance promulgated thereunder, or an
exception therefrom to avoid the imposition of any accelerated or additional taxes. Any defined terms shall be construed consistent with Code Section 409A and any terms not specifically defined shall have the meaning set forth in Code
Section 409A. This Section 8.12 shall apply to distributions under this Agreement, but only to the extent required in order to avoid taxation of, or interest penalties on, the Executive under Code Section 409A. To the extent that any
payments made under this Agreement are determined to be subject to Code Section 409A, the following shall apply to such payment(s): 

(a) all payments to be made upon a termination of employment may only be made upon a “separation from service” under
Code Section 409A; 
 (b) for purposes of the limitations on nonqualified deferred compensation under Code
Section 409A, each payment of compensation shall be treated as a separate payment of compensation; and 
 (c)
notwithstanding anything in this Agreement to the contrary, if the Executive is a “specified employee” of a publicly traded corporation under Code Section 409A and if payment of any amount under this Agreement is required to be
delayed for a period of six (6) months after separation from service pursuant to Code Section 409A, payment of such amount shall be delayed as required by Code Section 409A, and the accumulated postponed amount shall be paid in a lump-sum payment within ten (10) days after the end of the six (6)-month period (or within sixty (60) days after death, if earlier). 

In no event may the Executive, directly or indirectly, designate the calendar year of a payment. No action or failure to act
pursuant to this Section 8.12 shall subject the Bank or the Holding Company thereof to any claim, liability, or expense, and neither the Bank nor the Holding Company shall have any obligation to indemnify or otherwise protect the Executive from
the obligation to pay any taxes pursuant to Code Section 409A. 
 ***SIGNATURE PAGE FOLLOWS*** 

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 19 of 21

 IN WITNESS WHEREOF, the Executive and a duly authorized Bank officer have signed this
Agreement as of the date indicated below. 
  

	
	THIRD COAST BANK, SSB:
	
	 /s/ Troy A. Glander

	 Name: Troy A. Glander

	
	 Its: Director of Compensation Committee

	
	 Date: 7/31/2020

	
	EXECUTIVE:
	
	 /s/ Donald Legato

	 Donald Legato

	
	 Date: 7/28/20

  

			
	Salary Continuation Agreement – Donald Legato	  	Page 20 of 21

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