Document:

Exhibit 10.8

 

HOME BANK, N.A.

AMENDED AND RESTATED

SALARY CONTINUATION AGREEMENT

 

THIS AMENDED AND RESTATED
SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted effective as of the 20th day of May, 2019, by
and between HOME BANK, N.A., a national bank located in Lafayette, Louisiana (the “Bank”), and DARREN GUIDRY (the “Executive”).

 

WITNESSETH:

 

WHEREAS, the Bank and
the Executive previously entered into the Home Bank Salary Continuation Agreement effective as of August 1, 2007 (the “Prior
Agreement”);

 

WHEREAS, the Bank and
the Executive may amend the Prior Agreement pursuant to Section 8.1 thereof;

 

WHEREAS, the Bank and
the Executive now desire to amend the Prior Agreement to (i) eliminate the pre-retirement death benefit and (ii) amend and restate
the claims procedures;

 

WHEREAS, the purpose
of this Agreement is to provide specified benefits to the Executive, a member of a select group of management or highly compensated
employees who contribute materially to the continued growth, development and future business success of the Bank; and this Agreement
shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”),
as amended from time to time; and

 

WHEREAS, this Agreement
amends and restates and supersedes the Prior Agreement in its entirety.

 

NOW, THEREFORE, in
consideration of the premises and mutual covenants herein contained, it is hereby agreed by and between the Bank and the Executive
as follows:

 

Article 1

Definitions

 

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

 

		1.1	“Account Value” means the amount shown on Schedule A under the heading Account
Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the
Bank, under Generally Accepted Accounting Principles, for the Bank’s obligation to the Executive under this Agreement. The
Account Value on any date other than the end of a Plan Year shall be determined by adding the prorated increase attributable for
the current Plan Year to the Account Value for the previous Plan Year.

 

		1.2	“Beneficiary” means each designated person or entity, or the estate of the deceased
Executive, entitled to any benefits upon the death of the Executive pursuant to Article 4.

 

     

     

    

 

		1.3	“Beneficiary Designation Form” means the form established from time to time
by the Plan Administrator that the Executive completes, signs and returns to the Plan Administrator to designate one or more Beneficiaries.

 

		1.4	“Board” means the Board of Directors of the Bank as from time to time constituted.

 

		1.5	“Change in Control” means a change in the ownership of the Bank, a change in
the effective control of the Bank or a change in the ownership of a substantial portion of the assets of the Bank, in each case
as provided under Section 409A of the Code and the regulations thereunder, provided that any mutual to stock conversion of the
Bank shall not be deemed to be a Change in Control, and provided further that following any mutual to stock conversion of the Bank,
all references to the Bank in this Section 1.5 shall also include any holding company for the Bank formed in connection with such
conversion.

 

		1.6	“Code” means the Internal Revenue Code of 1986, as amended, and all regulations
and guidance thereunder, including such regulations and guidance as may be promulgated after the Effective Date.

 

		1.7	“Disability” means the Executive: (i) is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death
or can be expected to last for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous
period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months
under an accident and health plan covering employees or directors of the Bank. Medical determination of Disability may be made
by either the Social Security Administration or by the provider of disability insurance covering employees or directors of the
Bank, provided that the definition of “disability” applied under such insurance program complies with the requirements
of the preceding sentence. Upon the request of the Plan Administrator, the Executive must submit proof to the Plan Administrator
of the Social Security Administration’s or the provider’s determination.

 

		1.8	“Early Termination” means the Executive’s Separation from Service before
attainment of Normal Retirement Age except when such Separation from Service occurs on or within twenty-four (24) months following
a Change in Control or due to Termination for Cause.

 

		1.9	“Effective Date” means May 20, 2019.

 

		1.10	“ERISA” means the Employee Income Security Act of 1974, as amended, and all
regulations and guidance thereunder, including such regulations and guidance as may be promulgated after the Effective Date.

 

		1.11	“Normal Retirement Age” means the date the Executive reaches age sixty-five
(65).

 

		1.12	“Plan Administrator” means the Board or such committee or person as the Board
shall appoint.

 

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		1.13	“Plan Year” means each twelve (12) month period commencing on August 1 and ending
on July 31 of each year.

 

		1.14	“Separation from Service” means termination of the Executive’s employment
with the Bank. Whether a Separation from Service has occurred shall be determined in accordance with the requirements of Code Section
409A based on whether the facts and circumstances indicate that the Bank and the Executive reasonably anticipated that no further
services would be performed after a certain date or that the level of bona fide services the Executive would perform after such
date (whether as an employee or as an independent contractor) would permanently decrease to no more than twenty percent (20%) of
the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding
thirty-six (36) month period (or the full period of services to the Bank if the Executive has been providing services to the Bank
less than thirty-six (36) months). In the event the Bank converts from mutual to stock form and forms a holding company in connection
with such conversion, then all references to the Bank in this Section 1.14 shall also include such holding company, so that any
services which the Executive provides to such holding company shall be taken into account for purposes of determining whether or
not a Separation from Service has occurred.

 

		1.15	“Specified Employee” means an employee who at the time of Separation from Service
is a key employee of the Bank or of any holding company for the Bank, if any stock of the Bank or any such holding company is publicly
traded on an established securities market or otherwise. For purposes of this Agreement, an employee is a key employee if the employee
meets the requirements of Code Section 416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and
disregarding Section 416(i)(5)) at any time during the twelve (12) month period ending on December 31 of any year (the “identification
period”). If the employee is a key employee during an identification period, the employee is treated as a key employee for
purposes of this Agreement during the twelve (12) month period that begins on the first day of April following the close of the
identification period.

 

		1.16	“Termination for Cause” means Separation from Service due to the Executive’s:

 

		(a)	Gross negligence or gross neglect of duties to the Bank;

		(b)	Conviction of a felony or of a gross misdemeanor involving moral turpitude in connection with the
Executive’s employment with the Bank; or

		(c)	Personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal
profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations
or similar offenses) or final cease-and-desist order.

 

Article 2

Distributions During Lifetime

 

		2.1	Normal Retirement Benefit. Upon the Normal Retirement Age, the Bank shall distribute to
the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Article.

 

		2.1.1	Amount of Benefit. The annual benefit under this Section 2.1 is Seventy-Five Thousand Dollars
($75,000).

 

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		2.1.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in
twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit
shall be distributed to the Executive for ten (10) years.

 

		2.2	Early Termination Benefit. If Early Termination occurs, the Bank shall distribute to the
Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

 

		2.2.1	Amount of Benefit. The benefit under this Section 2.2 is the percentage, according to the
table below, of the Account Value calculated as of the end of the Plan Year immediately preceding Separation from Service:

 

	Date of Separation from Service	 	Percent of Account Value	 
	Before August 1, 2008	 	 	0	%
	After July 31, 2008 and before August 1, 2009	 	 	8.33	%
	After July 31, 2009 and before August 1, 2010	 	 	16.67	%
	After July 31, 2010 and before August 1, 2011	 	 	25	%
	After July 31, 2011 and before August 1, 2012	 	 	33.33	%
	After July 31, 2012 and before August 1, 2013	 	 	41.67	%
	After July 31, 2013 and before August 1, 2014	 	 	50	%
	After July 31, 2014 and before August 1, 2015	 	 	58.33	%
	After July 31, 2015 and before August 1, 2016	 	 	66.67	%
	After July 31, 2016 and before August 1, 2017	 	 	75	%
	After July 31, 2017 and before August 1, 2018	 	 	83.33	%
	After July 31, 2018 and before August 1, 2019	 	 	91.67	%
	After July 31, 2019	 	 	100	%

 

		2.2.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in one hundred
twenty (120) equal monthly installments commencing on the first day of the month following Normal Retirement Age, subject to Section
2.4 hereof

 

		2.3	Change in Control Benefit. If a Change in Control occurs, followed within twenty-four (24)
months by a Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described
in this Section 2.3 in lieu of any other benefit under this Article.

 

		2.3.1	Amount of Benefit. The benefit under this Section 2.3 is one hundred percent (100%) of the
Account Value determined as of the end of the Plan Year immediately preceding Separation from Service.

 

		2.3.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump
sum on the first day of the month following Separation from Service, subject to Section 2.4 hereof.

 

		2.3.3	Parachute Payments. Notwithstanding any provision of this Agreement to the contrary, and
to the extent allowed by Code Section 409A, if any benefit payment under this Section 2.3 would be treated as an “excess
parachute payment” under Code Section 280G, the Bank shall reduce such benefit payment to the extent necessary to avoid treating
such benefit payment as an excess parachute payment.

 

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		2.4	Restriction on Commencement of Distributions. Notwithstanding any provision of this Agreement
to the contrary, if the Executive is considered a Specified Employee, the provisions of this Section 2.4 shall govern all distributions
hereunder. If benefit distributions which would otherwise be made to the Executive due to a Separation from Service are limited
because the Executive is a Specified Employee, then such distributions shall not be made during the first six (6) months following
the Separation from Service. Rather, any distribution which would otherwise be paid to the Executive during such period shall be
accumulated and paid to the Executive in a lump sum on the first day of the month following the lapse of six months after the Separation
from Service. All subsequent distributions shall be paid in the manner specified.

 

		2.5	Distributions Upon Taxation of Amounts Deferred. If, pursuant to Code Section 409A or other
state, local or foreign tax, the Executive becomes subject to tax on the amounts deferred hereunder, then the Bank shall make a
limited distribution to the Executive in a manner that conforms to the requirements of Code Section 409A. Any such distribution
will decrease the Executive’s benefits distributable under this Agreement.

 

		2.6	Change in Form or Timing of Distributions. For distribution of benefits under this Article
2, the Executive and the Bank may, subject to the terms of Section 8.1, amend this Agreement to delay the timing or change the
form of distributions. Any such amendment:

 

		(a)	may not accelerate the time or schedule of any distribution, except as provided in Code Section
409A;

		(b)	must, for benefits distributable under Sections 2.1 and 2.2, be made at least twelve (12) months
prior to the first scheduled distribution;

		(c)	must, for benefits distributable under Sections 2.1, 2.2 and 2.3, delay the commencement of distributions
for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and

		(d)	must take effect not less than twelve (12) months after the amendment is made.

 

Article 3

Distribution at Death

 

		3.1	Death During Active Service. If the Executive dies prior to a Separation from Service or
Normal Retirement Age, then no benefits shall be paid under this Agreement.

 

		3.2	Death During Distribution of a Benefit. If the Executive dies after any benefit distributions
have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the
remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive
survived.

 

		3.3	Death Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions
under this Agreement but dies prior to the date that commencement of said benefit distributions are scheduled to be made under
this Agreement, the Bank shall distribute to the Beneficiary the same benefits to which the Executive was entitled prior to death,
except that the benefit distributions shall commence on the earlier of (a) the first day of the fourth month following the Executive’s
death, or (b) the date the benefits would have commenced if the Executive had not died.

 

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Article 4

Beneficiaries

 

		4.1	In General. The Executive shall have the right, at any time, to designate a Beneficiary
to receive any benefit distributions under this Agreement upon the death of the Executive. The Beneficiary designated under this
Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Executive
participates.

 

		4.2	Designation. The Executive shall designate a Beneficiary by completing and signing the Beneficiary
Designation Form and delivering it to the Plan Administrator or its designated agent. If the Executive names someone other than
the Executive’s spouse as a Beneficiary, the Plan Administrator may, in its sole discretion, determine that spousal consent
is required to be provided in a form designated by the Plan Administrator, executed by the Executive’s spouse and returned
to the Plan Administrator. 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. The Executive
shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation
Form and the Plan Administrator’s rules and procedures. Upon the acceptance by the Plan Administrator of a new Beneficiary
Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to
rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator prior to the Executive’s
death.

 

		4.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective
until received, accepted and acknowledged in writing by the Plan Administrator or its designated agent.

 

		4.4	No Beneficiary Designation. If the Executive dies without a valid beneficiary designation,
or if all designated Beneficiaries predecease the Executive, then the Executive’s spouse shall be the designated Beneficiary.
If the Executive has no surviving spouse, any benefit shall be paid to the Executive’s estate.

 

		4.5	Facility of Distribution. If the Plan Administrator determines in its discretion that a
benefit is to be distributed to a minor, to a person declared incompetent or to a person incapable of handling the disposition
of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative
or person having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require
proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution
of a benefit shall be a distribution for the account of the Executive and the Beneficiary, as the case may be, and shall completely
discharge any liability under this Agreement for such distribution amount.

 

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Article 5

General Limitations

 

		5.1	Termination for Cause. Notwithstanding any provision of this Agreement to the contrary,
the Bank shall not distribute any benefit under this Agreement if the Executive’s employment with the Bank is terminated
by the Bank or an applicable regulator due to a Termination for Cause.

 

		5.2	Suicide or Misstatement. No benefit shall be distributed if the Executive commits suicide
within two (2) years after the Effective Date, or if an insurance company which issued a life insurance policy covering the Executive
and owned by the Bank denies coverage (i) for material misstatements of fact made by the Executive on an application for such life
insurance, or (ii) for any other reason.

 

		5.3	Removal. Notwithstanding any provision of this Agreement to the contrary, the Bank shall
not distribute any benefit under this Agreement if the Executive is subject to a final removal or prohibition order issued by an
appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act. Notwithstanding anything herein
to the contrary, any payments made to the Executive pursuant to this Agreement, or otherwise, shall be subject to and conditioned
upon compliance with 12 U.S.C. §1828 and FDIC Regulation 12 C.F.R. Part 359, Golden Parachute Indemnification Payments and
any other regulations or guidance promulgated thereunder.

 

Article 6

Administration of Agreement

 

		6.1	Plan Administrator Duties. The Plan Administrator shall administer this Agreement according
to its express terms and shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate
rules and regulations for the administration of this Agreement and (ii) decide or resolve any and all questions, including interpretations
of this Agreement, as may arise in connection with this Agreement to the extent the exercise of such discretion and authority does
not conflict with Code Section 409A.

 

		6.2	Agents. In the administration of this Agreement, the Plan Administrator may employ agents
and delegate to them such administrative duties as the Plan Administrator sees fit, including acting through a duly appointed representative,
and may from time to time consult with counsel who may be counsel to the Bank.

 

		6.3	Binding Effect of Decisions. Any decision or action of the Plan Administrator with respect
to any question arising out of or in connection with the administration, interpretation or application of this Agreement and the
rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this
Agreement.

 

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		6.4	Indemnity of Plan Administrator. The Bank shall indemnify and hold harmless the Plan Administrator
against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to
this Agreement, except in the case of willful misconduct by the Plan Administrator.

 

		6.5	Bank Information. To enable the Plan Administrator to perform its functions, the Bank shall
supply full and timely information to the Plan Administrator on all matters relating to the date and circumstances of the Executive’s
death or Separation from Service, and such other pertinent information as the Plan Administrator may reasonably require.

 

		6.6	Annual Statement. The Plan Administrator shall provide to the Executive, within one hundred
twenty (120) days after the end of each Plan Year, a statement setting forth the benefits to be distributed under this Agreement.

 

Article 7

Claims And Review Procedures

 

		7.1	Notice of Denial.

 

		7.1.1	If Executive or a Beneficiary (a “claimant”) is denied a claim for benefits
under this Agreement, the Claims Administrator shall provide to the claimant written notice of the adverse benefit determination
(whether such claim is denied in whole or in part) within a reasonable period of time but no later than ninety (90) days after
the Claims Administrator receives the claim. However, under special circumstances (to be determined by the Claims Administrator),
the Claims Administrator may extend the time for processing the claim to a day no later than one hundred eighty (180) days after
the Claims Administrator receives the claim. The claimant shall be notified in writing within the initial 90-day period of the
need to extend the time for review, the special circumstances requiring an extension, and the date by which a decision is expected.

 

		7.1.2	With respect to a claim for benefits due to Executive experiencing a Disability, the Claims Administrator
shall provide to the claimant written notice of the adverse benefit determination within a reasonable period of time but no later
than forty-five (45) days after the Claims Administrator receives the claim. This 45-day period may be extended up to thirty (30)
days if an extension is necessary due to matters beyond the control of the Claims Administrator (to be determined by the Claims
Administrator) and the claimant is notified, prior to the expiration of the initial 45-day period, of the circumstances requiring
the extension of time and the date by which the Claims Administrator expects to render a decision. If, prior to the end of the
first 30-day extension period, the Claims Administrator determines that, due to matters beyond the control of the Claims Administrator
(to be determined by the Claims Administrator), a decision cannot be rendered within that extension period, the period for making
the determination may be extended for up to an additional thirty (30) days, provided that the Claims Administrator notifies the
claimant, prior to the expiration of the initial 30-day extension period, of the circumstances requiring the extension and the
date as of which the Claims Administrator expects to render a decision. In the case of any such extension, the notice of extension
shall also specifically explain the standards on which entitlement to a benefit is based, the unresolved issues that prevent a
decision on the claim, and the additional information needed to resolve those issues, and the claimant shall have at least forty-five
(45) days within which to provide the specified information, if any.

 

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		7.2	Contents of Notice of Denial. If a claimant is denied a claim for benefits under this Agreement,
the Claims Administrator shall provide to such claimant written notice of the denial. Any such notice of an adverse benefit determination
shall be written in a manner calculated to be understood by the claimant (and with respect to a claim for benefits due to Executive
experiencing a Disability, be provided in a culturally and linguistically appropriate manner) and shall set forth:

 

		7.2.1	the specific reason or reasons for the denial;

 

		7.2.2	specific references to the pertinent provisions of this Agreement on which the denial is based;

 

		7.2.3	a description of any additional material or information necessary for the claimant to perfect the
claim and an explanation of why such material or information is necessary;

 

		7.2.4	an explanation of this Agreement’s claim review procedures, and the time limits applicable
to such procedures, including a statement of the claimant’s right to bring a civil action under Section 502(a) of ERISA following
an adverse benefit determination on review;

 

		7.2.5	in the case of a claim for benefits due to Executive experiencing a Disability:

 

		(i)	a discussion of the decision, including an explanation of the basis for disagreeing with or not
following: the views presented by the claimant to the Claims Administrator of health care professionals treating the claimant and
vocational professionals who evaluated the claimant, the views of medical or vocational experts whose advice was obtained on behalf
of the Claims Administrator in connection with a claimant’s adverse benefit determination, without regard to whether the
advice was relied upon in making the benefit determination, and a disability determination regarding the claimant presented by
the claimant to the Claims Administrator made by the Social Security Administration;

 

		(ii)	if the adverse benefit determination is based on a medical necessity or experimental treatment
or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the
terms of the Agreement to the claimant’s medical circumstances, or a statement that such explanation will be provided free
of charge upon request in writing;

 

		(iii)	the specific internal rules, guidelines, protocols, standards or other similar criteria of the
Claims Administrator relied upon in making the adverse determination, or, alternatively, a statement that such rules, guidelines,
protocols, standards or other similar criteria of the Claims Administrator do not exist; and

 

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		(iv)	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 to the claimant’s claim for benefits.

 

		7.3	Right to Review. After receiving written notice of the denial of a claim, a claimant or
his representative shall be entitled to:

 

		7.3.1	submit written comments, documents, records, and other information relating to the denied claim
to the Claims Administrator or Appeals Fiduciary, as applicable; and

 

		7.3.2	request, free of charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claim

 

		7.3.3	request a full and fair review of the denial of the claim by written application to the Claims
Administrator (or Appeals Fiduciary in the case of a claim for benefits payable due to Executive experiencing a Disability), which
shall include:

 

		(i)	a review that takes into account all comments, documents, records, and other information submitted
by the claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit
determination; and

 

		(ii)	in the case of a claim for benefits due to Executive experiencing a Disability:

 

(1)       before
issuing an adverse benefit determination on review, providing the claimant, free of charge with any new or additional evidence
considered, relied upon, or generated by the Claims Administrator or other person making the benefit determination (or at the direction
of the Claims Administrator or such other person) in connection with the claim as soon as possible and sufficiently in advance
of the date on which the notice of adverse benefit determination on review is required to be provided to give the claimant a reasonable
opportunity to respond prior to that date; and

 

(2)       before
issuing an adverse benefit determination on review based on a new or additional rationale, providing the claimant, free of charge,
with the rationale as soon as possible and sufficiently in advance of the date on which the notice of adverse benefit determination
on review is required to be provided to give the claimant a reasonable opportunity to respond prior to that date.

 

		7.4	Application for Review.

 

		7.4.1	If a claimant wishes a review of the decision denying his claim to benefits under this Agreement,
other than a claim described in Section 7.4.2, he must submit the written application to the Claims Administrator within sixty
(60) days after receiving written notice of the denial.

 

		7.4.2	If the claimant wishes a review of the decision denying his claim to benefits under this Agreement
due to Executive experiencing a Disability, he must submit the written application to the Appeals Fiduciary within one hundred
eighty (180) days after receiving written notice of the denial.

 

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		7.5	Hearing. Upon receiving such written application for review, the Claims Administrator or
Appeals Fiduciary, as applicable, may schedule a hearing for purposes of reviewing the claimant’s claim, which hearing shall
take place not more than thirty (30) days from the date on which the Claims Administrator or Appeals Fiduciary received such written
application for review.

 

		7.6	Notice of Hearing. At least ten (10) days prior to the scheduled hearing, the claimant and
his representative designated in writing by him, if any, shall receive written notice of the date, time, and place of such scheduled
hearing. The claimant or his representative, if any, may request that the hearing be rescheduled, for his convenience, on another
reasonable date or at another reasonable time or place.

 

		7.7	Counsel. All claimants requesting a review of the decision denying their claim for benefits
may employ counsel for purposes of the hearing.

 

		7.8	Decision on Review. No later than sixty (60) days (forty-five (45) days with respect to
a claim for benefits due to Executive experiencing a Disability) following the receipt of the written application for review, the
Claims Administrator or the Appeals Fiduciary, as applicable, shall submit its decision on the review in writing to the claimant
involved and to his representative, if any, unless the Claims Administrator or Appeals Fiduciary determines that special circumstances
(such as the need to hold a hearing) require an extension of time, to a day no later than one hundred twenty (120) days (ninety
(90) days with respect to a claim for benefits due to Executive experiencing a Disability) after the date of receipt of the written
application for review. If the Claims Administrator or Appeals Fiduciary determines that the extension of time is required, the
Claims Administrator or Appeals Fiduciary shall furnish to the claimant written notice of the extension before the expiration of
the initial sixty (60) day (forty-five (45) days with respect to a claim for benefits due to Executive experiencing a Disability)
period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the
Claims Administrator or Appeals Fiduciary expects to render its decision on review. In the case of a decision adverse to the claimant,
the Claims Administrator or Appeals Fiduciary shall provide to the claimant written notice of the denial. Any such notice of an
adverse benefit determination shall be written in a manner calculated to be understood by the claimant (and with respect to a claim
for benefits due to Executive experiencing a Disability, be provided in a culturally and linguistically appropriate manner) and
shall include:

 

		7.8.1	the specific reason or reasons for the adverse benefit determination;

 

		7.8.2	specific references to the pertinent provisions of this Agreement on which the adverse benefit
determination is based;

 

		7.8.3	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 to the claimant’s claim for benefits;

 

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		7.8.4	a statement of the claimant’s right to bring a civil action under Section 502(a) of ERISA
following the adverse benefit determination on review;

 

		7.8.5	a statement regarding the availability of other voluntary alternative dispute resolution options;

 

		7.8.6	in the case of a claim for benefits due to Executive experiencing a Disability:

 

		(i)	a description of any contractual limitations period that applies to the claimant’s right
to bring a civil action under Section 502(a) of ERISA, including the calendar date on which the contractual limitations period
expires for the claim;

 

		(ii)	a discussion of the decision, including an explanation of the basis for disagreeing with or not
following: the views presented by the claimant to the Claims Administrator of health care professionals treating the claimant and
vocational professionals who evaluated the claimant, the views of medical or vocational professionals whose advice was obtained
on behalf of the Claims Administrator in connection with a claimant’s adverse benefit determination, without regard to whether
the advice was relied upon in making the determination, and a disability determination regarding the claimant presented by the
claimant to the Claims Administrator made by the Social Security Administration;

 

		(iii)	if the adverse benefit determination is based on a medical necessity or experimental treatment
or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the
terms of the Agreement to the claimant’s medical circumstances, or a statement that such explanation will be provided free
of charge upon request; and

 

		(iv)	the specific internal rules, guidelines, protocols, standards or other similar criteria of the
Claims Administrator relied upon in making the adverse determination, or a statement that such rules, guidelines, protocols, standards
or other similar criteria do not exist.

 

The Claims Administrator has the discretionary
authority to determine all interpretative issues arising under this Agreement and the interpretations of the Claims Administrator
shall be final and binding upon Executive or any other party claiming benefits under this Agreement.

 

		7.9	Calculating Time Periods. The period of time within which a benefit determination initially
or on review is required to be made shall begin at the time a claim or request for review is filed in accordance with the procedures
of the Agreement, without regard to whether all the information necessary to make a benefit determination accompanies the filing.
In the event that a period of time is extended due to the failure of a claimant to submit information necessary to decide a claim
or review, the period for making the benefit determination shall be tolled from the date on which the notification of the extension
is sent to the claimant until the date on which the claimant responds to the request for additional information.

 

    	 	12	 

     

    

 

		7.10	Standards for Culturally and Linguistically Appropriate Notices. With respect to any notices
required to be provided in a culturally and linguistically appropriate manner, the Claims Administrator shall provide (i) oral
language services in the applicable non-English language (that include answering questions in any applicable non-English language
and providing assistance with filing claims in any applicable non-English language), (ii) a statement in the applicable non-English
language, prominently displayed on notices, explaining how to access language services and (iii) notices in the applicable non-English
language upon request. For this purpose, a non-English language is an applicable non-English language if 10% or more of the population
residing in the county for which the notice is sent is literate only in the same non-English language.

 

		7.11	Adjudication of Disability Benefit Claims: Independence and Impartiality. All claims and
appeals with respect to benefits due to Executive experiencing a Disability shall adjudicated in a manner designed to ensure the
independence and impartiality of the persons involved in making the decision. Accordingly, decisions regarding hiring, compensation,
termination, promotion, or other similar matters with respect to any individual (such as a claims adjudicator or medical or vocational
expert) shall not be based upon the likelihood that the individual will support the denial of benefits.

 

		7.12	Exhaustion of Administrative Remedies Available under the Agreement.

 

		7.12.1	In no event will Executive be entitled to challenge the Claims Administrator’s decision in
court or any other proceeding unless and until these claims procedures are exhausted. The Executive then shall have one hundred
eighty (180) days from the date of receipt of the Claims Administrator’s decision on appeal in which to file suit regarding
a claim for benefits under this Agreement. If suit is not filed within such one hundred eighty (180)-day period, it shall be forever
barred.

 

		7.12.2	Notwithstanding the foregoing, in the case of a claim for benefits due to Executive experiencing
a Disability, if the Claims Administrator or Appeals Fiduciary, as applicable, fails to strictly adhere to all the applicable requirements
hereunder, the claimant is deemed to have exhausted the administrative remedies available under the Agreement, except as provided
in the paragraph below with respect to de minimis violations. If the claimant chooses to pursue remedies under Section 502(a) of
ERISA under such circumstances, the claim or appeal is deemed denied on review without the exercise of discretion by an appropriate
fiduciary.

 

The administrative
remedies available under the Agreement will not be deemed exhausted based on de minimis violations that do not cause, and are not
likely to cause, prejudice or harm to the claimant, provided the Claims Administrator demonstrates that the violation was for good
cause or due to matters beyond the control of the Claims Administrator and that the violation occurred in the context of an ongoing,
good faith exchange of information between the Claims Administrator and the claimant. A violation shall not be de minimis if it
is part of a pattern or practice of violations by the Claims Administrator. The claimant may request a written explanation of the
violation from the Claims Administrator, and the Claims Administrator must provide such explanation within ten (10) days, including
a specific description of its bases, if any, for asserting that the violation should not cause the available administrative remedies
to be deemed exhausted. If a court rejects the claimant’s request for immediate review on the basis that the Claims Administrator
met the standards for the de minimis exception the claim shall be considered as refiled on appeal upon the Claims Administrator’s
receipt of the court’s decision. Within a reasonable time after the receipt of the decision, the Claims Administrator shall
provide the claimant with notice of the resubmission.

 

    	 	13	 

     

    

 

		7.13	Definitions. For purposes of the Agreement’s claims procedures, the following words
and phrases shall have the respective meanings set forth below:

 

		7.13.1	“Adverse benefit determination” means any of the following: a denial, reduction
or termination of, or a failure to provide or make payment (in whole or in part) for, a benefit, including any such denial, reduction,
termination, or failure to provide or make payment that is based on a determination of a claimant’s eligibility to participate
in a plan and with respect to a claim for benefits due to Executive experiencing a Disability, shall also mean any rescission of
disability coverage with respect to a Participant or Beneficiary (whether or not there is an adverse effect on any particular benefit
at that time), where rescission means a cancellation or discontinuance of coverage that has retroactive effect, except to the extent
it is attributable to a failure to timely pay required premiums or contributions towards the cost of coverage.

 

		7.13.2	“Appeals Fiduciary” means an individual or group of individuals appointed by
the Claims Administrator to review appeals of claims for benefits payable due to the Executive experiencing a Disability.

 

		7.13.3	“Claims Administrator” means the Board or such other person designated by the
Board from time to time and named by notice to Executive.

 

		7.13.4	A document, record, or other information shall be considered “relevant” to a
claimant’s claim if such document, record, or other information (A) was relied upon in making the benefit determination,
(B) was submitted, considered, or generated in the course of making the benefit determination, without regard to whether such document,
record, or other information was relied upon in making the benefit determination, (C) demonstrates compliance with the administrative
processes and safeguards required in making the benefit determination, or (D) in the case of a claim for benefits due to Executive
experiencing a Disability, constitutes a statement of policy or guidance with respect to the Agreement concerning the denied treatment
option or benefit for the claimant’s diagnosis, without regard to whether such advice or statement was relied upon in making
the benefit determination.

 

		7.14	Person Authorized to Act on Behalf of Claimant. The Claims Administrator may establish reasonable
procedures to permit an authorized person to act on behalf of the claimant (and for determining whether a person has been authorized
to act on behalf of a claimant).

 

Article 8

Amendments and Termination

 

		8.1	Amendments. This Agreement may be amended only 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
banking regulators or to comply with legislative changes or tax law, including without limitation Code Section 409A.

 

    	 	14	 

     

    

 

		8.2	Plan Termination Generally. This Agreement may be terminated only by a written agreement
signed by the Bank and the Executive. The benefit shall be the Account Value as of the date this Agreement is terminated. Except
as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement.
Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or
Article 3.

 

		8.3	Plan Terminations Under Code Section 409A. Notwithstanding anything to the contrary in Section
8.2, if the Bank irrevocably terminates this Agreement in the following circumstances:

 

		(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 irrevocable termination of this Agreement and further provided
that all of the arrangements sponsored by the Bank that would be aggregated with this Agreement under Treasury Regulation §1.409A-1(c)(2)
are terminated so the Executive and all participants under the other aggregated arrangements are required to receive all amounts
of compensation deferred under the terminated arrangements within twelve (12) months of the date the Bank irrevocably takes all
necessary action to terminate such arrangements;

		(b)	Within twelve (12) months of a dissolution of the Bank taxed under Section 331 of the Code or with
the approval of a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), provided that the amounts deferred under this Agreement
are included in the Executive’s gross income in the latest of (i) the calendar year in which this Agreement terminates; (ii)
the calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year
in which the distribution is administratively practicable; or

		(c)	Upon the Bank’s termination of this and all other arrangements that would be aggregated with
this Agreement pursuant to Treasury Regulation §1.409A-1(c) if the Executive participated in such arrangements (“Similar
Arrangements”), provided that (i) the termination and liquidation does not occur proximate to a downturn in the financial
health of the Bank, (ii) no payments are made within twelve (12) months of the termination of the arrangements other than payments
that would be payable under the terms of the arrangements if the termination had not occurred, (iii) all termination distributions
are made no later than twenty-four (24) months following such termination, and (iv) 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 the Agreement;

 

the Bank may
distribute the Account Value, determined as of the date of the termination of this Agreement, to the Executive in a lump sum subject
to the above terms.

 

    	 	15	 

     

    

 

Article 9

Miscellaneous

 

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

 

		9.2	No Guarantee of Employment. This Agreement is not a contract for employment. It does not
give the Executive the right to remain as an employee of the Bank nor interfere with the Bank’s right to discharge the Executive.
It does not require the Executive to remain an employee nor interfere with the Executive’s right to terminate employment
at any time.

 

		9.3	Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned,
pledged, attached or encumbered in any manner.

 

		9.4	Tax Withholding and Reporting. The Bank shall withhold any taxes that are required to be
withheld, including but not limited to taxes owed under Code Section 409A from the benefits provided under this Agreement. The
Executive acknowledges that the Bank’s sole liability regarding taxes is to forward any amounts withheld to the appropriate
taxing authorities. The Bank shall satisfy all applicable reporting requirements, including those under Code Section 409A.

 

		9.5	Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of
the State of Louisiana, except to the extent that the laws of the United States of America are applicable.

 

		9.6	Unfunded Arrangement. The Executive and the Beneficiary are general unsecured creditors
of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute
such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, attachment or garnishment by creditors. Any insurance on the Executive’s life or other informal funding asset
is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

 

		9.7	Reorganization. The Bank shall not merge or consolidate into or with another bank, or reorganize,
or sell substantially all of its assets to another bank, firm or person unless such succeeding or continuing bank, firm or person
agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such an event, the term
 “Bank” as used in this Agreement shall be deemed to refer to the successor or survivor entity.

 

		9.8	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.

 

		9.9	Interpretation. Wherever the fulfillment of the intent and purpose of this Agreement requires
and the context will permit, the use of the masculine gender includes the feminine and use of the singular includes the plural.

 

		9.10	Alternative Action. In the event it shall become impossible for the Bank or the Plan Administrator
to perform any act required by this Agreement due to regulatory or other constraints, the Bank or Plan Administrator may perform
such alternative act as most nearly carries out the intent and purpose of this Agreement and is in the best interests of the Bank,
provided that such alternative act does not violate Code Section 409A.

 

    	 	16	 

     

    

 

		9.11	Headings. Article and section headings are for convenient reference only and shall not control
or affect the meaning or construction of any provision herein.

 

		9.12	Validity. If any provision of this Agreement shall be illegal or invalid for any reason,
said illegality or invalidity shall not affect the remaining parts hereof, but this Agreement shall be construed and enforced as
if such illegal or invalid provision had never been included herein.

 

		9.13	Notice. Any notice or filing required or permitted to be given to the Bank or Plan Administrator
under this Agreement shall be sufficient if in writing and hand-delivered or sent by registered or certified mail to the address
below:

 

Board of Directors

Home Bank, N.A.

503 Kaliste Saloom

Lafayette, Louisiana 70508

 

Such notice shall be deemed given
as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration
or certification. Any notice or filing required or permitted to be given to the Executive under this Agreement shall be sufficient
if in writing and hand-delivered or sent by mail to the last known address of the Executive.

 

		9.14	Compliance with Section 409A. This Agreement shall be interpreted and administered consistent
with Code Section 409A.

 

[Remainder of Page Intentionally Left Blank]

 

    	 	17	 

     

    

 

IN WITNESS WHEREOF,
the Executive and a duly authorized representative of the Bank have signed this Agreement.

 

	EXECUTIVE	 	HOME BANK, N.A.
	 	 	 
	/s/ Darren E. Guidry	 	By:	/s/ John W. Bordelon
	Darren E. Guidry	 	Title:	President & CEO

 

    	 	18Exhibit 10.9

 

HOME BANK, N. A.

SALARY CONTINUATION AGREEMENT

 

THIS SALARY CONTINUATION
AGREEMENT (this “Agreement”) is adopted effective as of the 20th day of May, 2019, by and between HOME BANK,
N. A., a national bank, located in Lafayette, Louisiana (the “Bank”), and JOHN W. BORDELON (the “Executive”).

 

WITNESSETH: 

 

WHEREAS, the purpose
of this Agreement is to provide specified benefits to the Executive, a member of a select group of management or highly compensated
employees who contribute materially to the continued growth, development and future business success of the Bank; and this Agreement
shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”),
as amended from time to time.

 

NOW, THEREFORE, in
consideration of the premises and mutual covenants herein contained, it is hereby agreed by and between the Bank and the Executive
as follows:

 

Article 1

Definitions

 

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

 

		1.1	“Accrual Balance” means the liability that should be accrued by the Bank, under
accounting principles generally accepted in the United States (“GAAP”), for the Bank’s obligation to the Executive
under this Agreement, by applying Accounting Principles Board Opinion Number 12 (“APB 12”) as amended by Statement
of Financial Accounting Standards Number 106 (“FAS 106”) and the Discount Rate. Any one of a variety of amortization
methods may be used to determine the Accrual Balance. However, once chosen, the method must be consistently applied.

 

		1.2	“Beneficiary” means each designated person or entity, or the estate of the deceased
Executive, entitled to any benefits upon the death of the Executive pursuant to Article 4.

 

		1.3	“Beneficiary Designation Form” means the form established from time to time
by the Plan Administrator that the Executive completes, signs and returns to the Plan Administrator to designate one or more Beneficiaries.

 

		1.4	“Board” means the Board of Directors of the Bank as from time to time constituted.

 

		1.5	“Change in Control” means a change in the ownership of the Bank, a change in
the effective control of the Bank or a change in the ownership of a substantial portion of the assets of the Bank, in each case
as provided under Section 409A of the Code and the regulations thereunder, provided that any mutual to stock conversion of the
Bank shall not be deemed to be a Change in Control, and provided further that following any mutual to stock conversion of the Bank,
all references to the Bank in this Section 1.5 shall also include any holding company for the Bank formed in connection with such
conversion.

 

     

     

    

 

		1.6	“Code” means the Internal Revenue Code of 1986, as amended, and all regulations
and guidance thereunder, including such regulations and guidance as may be promulgated after the Effective Date.

 

		1.7	“Disability” means the Executive: (i) is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death
or can be expected to last for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous
period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months
under an accident and health plan covering employees or directors of the Bank. Medical determination of Disability may be made
by either the Social Security Administration or by the provider of disability insurance covering employees or directors of the
Bank, provided that the definition of “disability” applied under such insurance program complies with the requirements
of the preceding sentence. Upon the request of the Plan Administrator, the Executive must submit proof to the Plan Administrator
of the Social Security Administration’s or the provider’s determination.

 

		1.8	“Discount Rate” means the rate used by the Plan Administrator for determining
the Accrual Balance. The initial Discount Rate is four percent (4%). However, the Plan Administrator, in its discretion, may adjust
the Discount Rate to maintain the rate within reasonable standards according to GAAP and/or applicable bank regulatory guidance.

 

		1.9	“Early Termination” means the Executive’s Separation from Service before
attainment of Normal Retirement Age except when such Separation from Service occurs on or following a Change in Control, because
the Executive experiences a Disability, or due to Termination for Cause.

 

		1.10	“Effective Date” means May 20, 2019.

 

		1.11	“ERISA” means the Employee Income Security Act of 1974, as amended, and all
regulations and guidance thereunder, including such regulations and guidance as may be promulgated after the Effective Date.

 

		1.12	“Normal Retirement Age” means the date the Executive reaches age sixty-five
(65).

 

		1.13	“Plan Administrator” means the Board or such committee or person as the Board
shall appoint.

 

		1.14	“Plan Year” means each twelve (12) month period commencing on August 1 and ending
on July 31 of each year.

 

		1.15	“Separation from Service” means termination of the Executive’s employment
with the Bank. Whether a Separation from Service has occurred shall be determined in accordance with the requirements of Code Section
409A based on whether the facts and circumstances indicate that the Bank and the Executive reasonably anticipated that no further
services would be performed after a certain date or that the level of bona fide services the Executive would perform after such
date (whether as an employee or as an independent contractor) would permanently decrease to no more than twenty percent (20%) of
the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding
thirty-six (36) month period (or the full period of services to the Bank if the Executive has been providing services to the Bank
less than thirty-six (36) months). In the event the Bank converts from mutual to stock form and forms a holding company in connection
with such conversion, then all references to the Bank in this Section 1.15 shall also include such holding company, so that any
services which the Executive provides to such holding company shall be taken into account for purposes of determining whether or
not a Separation from Service has occurred.

 

    	 	2	 

     

    

 

		1.16	“Specified Employee” means an employee who at the time of Separation from Service
is a key employee of the Bank or of any holding company for the Bank, if any stock of the Bank or any such holding company is publicly
traded on an established securities market or otherwise. For purposes of this Agreement, an employee is a key employee if the employee
meets the requirements of Code Section 416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and
disregarding Section 416(i)(5)) at any time during the twelve (12) month period ending on December 31 of any year (the “identification
period”). If the employee is a key employee during an identification period, the employee is treated as a key employee for
purposes of this Agreement during the twelve (12) month period that begins on the first day of April following the close of the
identification period.

 

		1.17	“Termination for Cause” means Separation from Service due to the Executive’s:

 

		(a)	Gross negligence or gross neglect of duties to the Bank;

		(b)	Conviction of a felony or of a gross misdemeanor involving moral turpitude in connection with the
Executive’s employment with the Bank; or

		(c)	Personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal
profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations
or similar offenses) or final cease-and-desist order.

 

Article 2

Distributions During Lifetime

 

		2.1	Normal Retirement Benefit. Following a Separation from Service on or after the Executive’s
Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.1 in lieu of any other
benefit under this Article.

 

		2.1.1	Amount of Benefit. The annual benefit under this Section 2.1 is Twenty-Six Thousand Dollars
($26,000).

 

		2.1.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in
twelve (12) equal monthly installments commencing on the first day of the month following a Separation from Service on or after
Normal Retirement Age, subject to Section 2.5 hereof. The annual benefit shall be distributed to the Executive for ten (10) years.

 

    	 	3	 

     

    

 

		2.2	Early Termination Benefit. If Early Termination occurs, the Bank shall distribute to the
Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

 

		2.2.1	Amount of Benefit. The benefit under this Section 2.2 is an amount equal to the Accrual
Balance as of the date of Executive’s Separation from Service.

 

		2.2.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump
sum on the first day of the month following Executive’s Separation from Service, subject to Section 2.5 hereof.

 

		2.3	Disability Benefit. If the Executive experiences a Disability prior to (a) a Separation
from Service on or after Normal Retirement Age or (b) Early Termination, and other than on or within twenty-four (24) months following
a Change in Control, the Bank shall distribute to the Executive the benefit described in this Section 2.3 in lieu of any other
benefit under this Article.

 

		2.3.1	Amount of Benefit. The benefit under this Section 2.3 is an amount equal to the Accrual
Balance as of the date the Executive experiences a Disability.

 

		2.3.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump
sum on the first day of the month following Executive’s Separation from Service.

 

		2.4	Change in Control Benefit. If a Change in Control occurs, followed by a Separation from
Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in
lieu of any other benefit under this Article.

 

		2.4.1	Amount of Benefit. The benefit under this Section 2.4 is an amount equal to what the Accrual
Balance is required to be as of the Normal Retirement Age.

 

		2.4.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in a lump
sum on the first day of the month following Executive’s Separation from Service, subject to Section 2.5 hereof.

 

		2.4.3	Parachute Payments. Notwithstanding any provision of this Agreement to the contrary, and
to the extent allowed by Code Section 409A, if any benefit payment under this Section 2.4 would be treated as an “excess
parachute payment” under Code Section 280G, the Bank shall reduce such benefit payment to the extent necessary to avoid treating
such benefit payment as an excess parachute payment.

 

		2.5	Restriction on Commencement of Distributions. Notwithstanding any provision of this Agreement
to the contrary, if the Executive is considered a Specified Employee, the provisions of this Section 2.5 shall govern all distributions
hereunder. If benefit distributions which would otherwise be made to the Executive due to a Separation from Service are limited
because the Executive is a Specified Employee, then such distributions shall not be made during the first six (6) months following
the Separation from Service. Rather, any distribution which would otherwise be paid to the Executive during such period shall be
accumulated and paid to the Executive in a lump sum on the first day of the month following the lapse of six months after the Separation
from Service. All subsequent distributions shall be paid in the manner specified.

 

    	 	4	 

     

    

 

		2.6	Distributions Upon Taxation of Amounts Deferred. If, pursuant to Code Section 409A or other
state, local or foreign tax, the Executive becomes subject to tax on the amounts deferred hereunder, then the Bank shall make a
limited distribution to the Executive in a manner that conforms to the requirements of Code Section 409A. Any such distribution
will decrease the Executive’s benefits distributable under this Agreement.

 

		2.7	Change in Form or Timing of Distributions. For distribution of benefits under this Article
2, the Executive and the Bank may, subject to the terms of Section 8.1, amend this Agreement to delay the timing or change the
form of distributions. Any such amendment:

 

		(a)	may not accelerate the time or schedule of any distribution, except as provided in Code Section
409A;

		(b)	must, for benefits distributable under Sections 2.1 and 2.2, be made at least twelve (12) months
prior to the first scheduled distribution;

		(c)	must, for benefits distributable under Sections 2.1, 2.2 and 2.4, delay the commencement of distributions
for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and

		(d)	must take effect not less than twelve (12) months after the amendment is made.

 

Article 3

Distribution at Death

 

		3.1	Death During Active Service. If the Executive dies prior to a Separation from Service, experiencing
a Disability, or Normal Retirement Age, then no benefits shall be paid under this Agreement.

 

		3.2	Death During Distribution of a Benefit. If the Executive dies after the occurrence of any
event triggering the Executive’s entitlement to a benefit under Article 2 and prior to payment of the entire Accrual Balance,
the Bank shall distribute to the Beneficiary an amount equal to the remaining Accrual Balance at the same time and in the same
amounts it would have been distributed to the Executive had the Executive survived.

 

		3.3	Death Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions
under this Agreement but dies prior to the date that commencement of said benefit distributions are scheduled to be made under
this Agreement, the Bank shall distribute to the Beneficiary the same benefits to which the Executive was entitled prior to death,
except that the benefit distributions shall commence on the earlier of (a) the first day of the fourth month following the Executive’s
death, or (b) the date the benefits would have commenced if the Executive had not died.

 

    	 	5	 

     

    

 

Article 4

Beneficiaries

 

		4.1	In General. The Executive shall have the right, at any time, to designate a Beneficiary
to receive any benefit distributions under this Agreement upon the death of the Executive. The Beneficiary designated under this
Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Executive
participates.

 

		4.2	Designation. The Executive shall designate a Beneficiary by completing and signing the Beneficiary
Designation Form and delivering it to the Plan Administrator or its designated agent. If the Executive names someone other than
the Executive’s spouse as a Beneficiary, the Plan Administrator may, in its sole discretion, determine that spousal consent
is required to be provided in a form designated by the Plan Administrator, executed by the Executive’s spouse and returned
to the Plan Administrator. 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. The Executive
shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation
Form and the Plan Administrator’s rules and procedures. Upon the acceptance by the Plan Administrator of a new Beneficiary
Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to
rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator prior to the Executive’s
death.

 

		4.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective
until received, accepted and acknowledged in writing by the Plan Administrator or its designated agent.

 

		4.4	No Beneficiary Designation. If the Executive dies without a valid beneficiary designation,
or if all designated Beneficiaries predecease the Executive, then the Executive’s spouse shall be the designated Beneficiary.
If the Executive has no surviving spouse, any benefit shall be paid to the Executive’s estate.

 

		4.5	Facility of Distribution. If the Plan Administrator determines in its discretion that a
benefit is to be distributed to a minor, to a person declared incompetent or to a person incapable of handling the disposition
of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative
or person having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require
proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution
of a benefit shall be a distribution for the account of the Executive and the Beneficiary, as the case may be, and shall completely
discharge any liability under this Agreement for such distribution amount.

 

Article 5

General Limitations

 

		5.1	Termination for Cause. Notwithstanding any provision of this Agreement to the contrary,
the Bank shall not distribute any benefit under this Agreement if the Executive’s employment with the Bank is terminated
by the Bank or an applicable regulator due to a Termination for Cause.

 

    	 	6	 

     

    

 

		5.2	Suicide or Misstatement. No benefit shall be distributed if the Executive commits suicide
within two (2) years after the Effective Date, or if an insurance company which issued a life insurance policy covering the Executive
and owned by the Bank denies coverage (i) for material misstatements of fact made by the Executive on an application for such life
insurance, or (ii) for any other reason.

 

		5.3	Removal. Notwithstanding any provision of this Agreement to the contrary, the Bank shall
not distribute any benefit under this Agreement if the Executive is subject to a final removal or prohibition order issued by an
appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act. Notwithstanding anything herein
to the contrary, any payments made to the Executive pursuant to this Agreement, or otherwise, shall be subject to and conditioned
upon compliance with 12 U.S.C. §1828 and FDIC Regulation 12 C.F.R. Part 359, Golden Parachute Indemnification Payments and
any other regulations or guidance promulgated thereunder.

 

Article 6

Administration of Agreement

 

		6.1	Plan Administrator Duties. The Plan Administrator shall administer this Agreement according
to its express terms and shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate
rules and regulations for the administration of this Agreement and (ii) decide or resolve any and all questions, including interpretations
of this Agreement, as may arise in connection with this Agreement to the extent the exercise of such discretion and authority does
not conflict with Code Section 409A.

 

		6.2	Agents. In the administration of this Agreement, the Plan Administrator may employ agents
and delegate to them such administrative duties as the Plan Administrator sees fit, including acting through a duly appointed representative,
and may from time to time consult with counsel who may be counsel to the Bank.

 

		6.3	Binding Effect of Decisions. Any decision or action of the Plan Administrator with respect
to any question arising out of or in connection with the administration, interpretation or application of this Agreement and the
rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this
Agreement.

 

		6.4	Indemnity of Plan Administrator. The Bank shall indemnify and hold harmless the Plan Administrator
against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to
this Agreement, except in the case of willful misconduct by the Plan Administrator.

 

		6.5	Bank Information. To enable the Plan Administrator to perform its functions, the Bank shall
supply full and timely information to the Plan Administrator on all matters relating to the date and circumstances of the Executive’s
death, Disability or Separation from Service, and such other pertinent information as the Plan Administrator may reasonably require.

 

    	 	7	 

     

    

 

		6.6	Annual Statement. The Plan Administrator shall provide to the Executive, within one hundred
twenty (120) days after the end of each Plan Year, a statement setting forth the benefits to be distributed under this Agreement.

 

Article 7

Claims And Review Procedures

 

		7.1	Notice of Denial.

 

		7.1.1	If Executive or a Beneficiary (a “claimant”) is denied a claim for benefits
under this Agreement, the Claims Administrator shall provide to the claimant written notice of the adverse benefit determination
(whether such claim is denied in whole or in part) within a reasonable period of time but no later than ninety (90) days after
the Claims Administrator receives the claim. However, under special circumstances (to be determined by the Claims Administrator),
the Claims Administrator may extend the time for processing the claim to a day no later than one hundred eighty (180) days after
the Claims Administrator receives the claim. The claimant shall be notified in writing within the initial 90-day period of the
need to extend the time for review, the special circumstances requiring an extension, and the date by which a decision is expected.

 

		7.1.2	With respect to a claim for benefits due to Executive experiencing a Disability, the Claims Administrator
shall provide to the claimant written notice of the adverse benefit determination within a reasonable period of time but no later
than forty-five (45) days after the Claims Administrator receives the claim. This 45-day period may be extended up to thirty (30)
days if an extension is necessary due to matters beyond the control of the Claims Administrator (to be determined by the Claims
Administrator) and the claimant is notified, prior to the expiration of the initial 45-day period, of the circumstances requiring
the extension of time and the date by which the Claims Administrator expects to render a decision. If, prior to the end of the
first 30-day extension period, the Claims Administrator determines that, due to matters beyond the control of the Claims Administrator
(to be determined by the Claims Administrator), a decision cannot be rendered within that extension period, the period for making
the determination may be extended for up to an additional thirty (30) days, provided that the Claims Administrator notifies the
claimant, prior to the expiration of the initial 30-day extension period, of the circumstances requiring the extension and the
date as of which the Claims Administrator expects to render a decision. In the case of any such extension, the notice of extension
shall also specifically explain the standards on which entitlement to a benefit is based, the unresolved issues that prevent a
decision on the claim, and the additional information needed to resolve those issues, and the claimant shall have at least forty-five
(45) days within which to provide the specified information, if any.

 

    	 	8	 

     

    

 

		7.2	Contents of Notice of Denial. If a claimant is denied a claim for benefits under this Agreement,
the Claims Administrator shall provide to such claimant written notice of the denial. Any such notice of an adverse benefit determination
shall be written in a manner calculated to be understood by the claimant (and with respect to a claim for benefits due to Executive
experiencing a Disability, be provided in a culturally and linguistically appropriate manner) and shall set forth:

 

		7.2.1	the specific reason or reasons for the denial;

 

		7.2.2	specific references to the pertinent provisions of this Agreement on which the denial is based;

 

		7.2.3	a description of any additional material or information necessary for the claimant to perfect the
claim and an explanation of why such material or information is necessary;

 

		7.2.4	an explanation of this Agreement’s claim review procedures, and the time limits applicable
to such procedures, including a statement of the claimant’s right to bring a civil action under Section 502(a) of ERISA following
an adverse benefit determination on review;

 

		7.2.5	in the case of a claim for benefits due to Executive experiencing a Disability:

 

		(i)	a discussion of the decision, including an explanation of the basis for disagreeing with or not
following: the views presented by the claimant to the Claims Administrator of health care professionals treating the claimant and
vocational professionals who evaluated the claimant, the views of medical or vocational experts whose advice was obtained on behalf
of the Claims Administrator in connection with a claimant’s adverse benefit determination, without regard to whether the
advice was relied upon in making the benefit determination, and a disability determination regarding the claimant presented by
the claimant to the Claims Administrator made by the Social Security Administration;

 

		(ii)	if the adverse benefit determination is based on a medical necessity or experimental treatment
or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the
terms of the Agreement to the claimant’s medical circumstances, or a statement that such explanation will be provided free
of charge upon request in writing;

 

		(iii)	the specific internal rules, guidelines, protocols, standards or other similar criteria of the
Claims Administrator relied upon in making the adverse determination, or, alternatively, a statement that such rules, guidelines,
protocols, standards or other similar criteria of the Claims Administrator do not exist; and

 

		(iv)	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 to the claimant’s claim for benefits.

 

    	 	9	 

     

    

 

		7.3	Right to Review. After receiving written notice of the denial of a claim, a claimant or
his representative shall be entitled to:

 

		7.3.1	submit written comments, documents, records, and other information relating to the denied claim
to the Claims Administrator or Appeals Fiduciary, as applicable; and

 

		7.3.2	request, free of charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claim

 

		7.3.3	request a full and fair review of the denial of the claim by written application to the Claims
Administrator (or Appeals Fiduciary in the case of a claim for benefits payable due to Executive experiencing a Disability), which
shall include:

 

		(i)	a review that takes into account all comments, documents, records, and other information submitted
by the claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit
determination; and

 

		(ii)	in the case of a claim for benefits due to Executive experiencing a Disability:

 

(1)       before
issuing an adverse benefit determination on review, providing the claimant, free of charge with any new or additional evidence
considered, relied upon, or generated by the Claims Administrator or other person making the benefit determination (or at the direction
of the Claims Administrator or such other person) in connection with the claim as soon as possible and sufficiently in advance
of the date on which the notice of adverse benefit determination on review is required to be provided to give the claimant a reasonable
opportunity to respond prior to that date; and

 

(2)       before
issuing an adverse benefit determination on review based on a new or additional rationale, providing the claimant, free of charge,
with the rationale as soon as possible and sufficiently in advance of the date on which the notice of adverse benefit determination
on review is required to be provided to give the claimant a reasonable opportunity to respond prior to that date.

 

		7.4	Application for Review.

 

		7.4.1	If a claimant wishes a review of the decision denying his claim to benefits under this Agreement,
other than a claim described in Section 7.4.2, he must submit the written application to the Claims Administrator within sixty
(60) days after receiving written notice of the denial.

 

		7.4.2	If the claimant wishes a review of the decision denying his claim to benefits under this Agreement
due to Executive experiencing a Disability, he must submit the written application to the Appeals Fiduciary within one hundred
eighty (180) days after receiving written notice of the denial.

 

		7.5	Hearing. Upon receiving such written application for review, the Claims Administrator or
Appeals Fiduciary, as applicable, may schedule a hearing for purposes of reviewing the claimant’s claim, which hearing shall
take place not more than thirty (30) days from the date on which the Claims Administrator or Appeals Fiduciary received such written
application for review.

 

    	 	10	 

     

    

 

		7.6	Notice of Hearing. At least ten (10) days prior to the scheduled hearing, the claimant and
his representative designated in writing by him, if any, shall receive written notice of the date, time, and place of such scheduled
hearing. The claimant or his representative, if any, may request that the hearing be rescheduled, for his convenience, on another
reasonable date or at another reasonable time or place.

 

		7.7	Counsel. All claimants requesting a review of the decision denying their claim for benefits
may employ counsel for purposes of the hearing.

 

		7.8	Decision on Review. No later than sixty (60) days (forty-five (45) days with respect to
a claim for benefits due to Executive experiencing a Disability) following the receipt of the written application for review, the
Claims Administrator or the Appeals Fiduciary, as applicable, shall submit its decision on the review in writing to the claimant
involved and to his representative, if any, unless the Claims Administrator or Appeals Fiduciary determines that special circumstances
(such as the need to hold a hearing) require an extension of time, to a day no later than one hundred twenty (120) days (ninety
(90) days with respect to a claim for benefits due to Executive experiencing a Disability) after the date of receipt of the written
application for review. If the Claims Administrator or Appeals Fiduciary determines that the extension of time is required, the
Claims Administrator or Appeals Fiduciary shall furnish to the claimant written notice of the extension before the expiration of
the initial sixty (60) day (forty-five (45) days with respect to a claim for benefits due to Executive experiencing a Disability)
period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the
Claims Administrator or Appeals Fiduciary expects to render its decision on review. In the case of a decision adverse to the claimant,
the Claims Administrator or Appeals Fiduciary shall provide to the claimant written notice of the denial. Any such notice of an
adverse benefit determination shall be written in a manner calculated to be understood by the claimant (and with respect to a claim
for benefits due to Executive experiencing a Disability, be provided in a culturally and linguistically appropriate manner) and
shall include:

 

		7.8.1	the specific reason or reasons for the adverse benefit determination;

 

		7.8.2	specific references to the pertinent provisions of this Agreement on which the adverse benefit
determination is based;

 

		7.8.3	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 to the claimant’s claim for benefits;

 

		7.8.4	a statement of the claimant’s right to bring a civil action under Section 502(a) of ERISA
following the adverse benefit determination on review;

 

		7.8.5	a statement regarding the availability of other voluntary alternative dispute resolution options;

 

    	 	11	 

     

    

 

		7.8.6	in the case of a claim for benefits due to Executive experiencing a Disability:

 

		(i)	a description of any contractual limitations period that applies to the claimant’s right
to bring a civil action under Section 502(a) of ERISA, including the calendar date on which the contractual limitations period
expires for the claim;

 

		(ii)	a discussion of the decision, including an explanation of the basis for disagreeing with or not
following: the views presented by the claimant to the Claims Administrator of health care professionals treating the claimant and
vocational professionals who evaluated the claimant, the views of medical or vocational professionals whose advice was obtained
on behalf of the Claims Administrator in connection with a claimant’s adverse benefit determination, without regard to whether
the advice was relied upon in making the determination, and a disability determination regarding the claimant presented by the
claimant to the Claims Administrator made by the Social Security Administration;

 

		(iii)	if the adverse benefit determination is based on a medical necessity or experimental treatment
or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the
terms of the Agreement to the claimant’s medical circumstances, or a statement that such explanation will be provided free
of charge upon request; and

 

		(iv)	the specific internal rules, guidelines, protocols, standards or other similar criteria of the
Claims Administrator relied upon in making the adverse determination, or a statement that such rules, guidelines, protocols, standards
or other similar criteria do not exist.

 

The Claims Administrator has the discretionary
authority to determine all interpretative issues arising under this Agreement and the interpretations of the Claims Administrator
shall be final and binding upon Executive or any other party claiming benefits under this Agreement.

 

		7.9	Calculating Time Periods. The period of time within which a benefit determination initially
or on review is required to be made shall begin at the time a claim or request for review is filed in accordance with the procedures
of the Agreement, without regard to whether all the information necessary to make a benefit determination accompanies the filing.
In the event that a period of time is extended due to the failure of a claimant to submit information necessary to decide a claim
or review, the period for making the benefit determination shall be tolled from the date on which the notification of the extension
is sent to the claimant until the date on which the claimant responds to the request for additional information.

 

		7.10	Standards for Culturally and Linguistically Appropriate Notices. With respect to any notices
required to be provided in a culturally and linguistically appropriate manner, the Claims Administrator shall provide (i) oral
language services in the applicable non-English language (that include answering questions in any applicable non-English language
and providing assistance with filing claims in any applicable non-English language), (ii) a statement in the applicable non-English
language, prominently displayed on notices, explaining how to access language services and (iii) notices in the applicable non-English
language upon request. For this purpose, a non-English language is an applicable non-English language if 10% or more of the population
residing in the county for which the notice is sent is literate only in the same non-English language.

 

    	 	12	 

     

    

 

		7.11	Adjudication of Disability Benefit Claims: Independence and Impartiality. All claims and
appeals with respect to benefits due to Executive experiencing a Disability shall adjudicated in a manner designed to ensure the
independence and impartiality of the persons involved in making the decision. Accordingly, decisions regarding hiring, compensation,
termination, promotion, or other similar matters with respect to any individual (such as a claims adjudicator or medical or vocational
expert) shall not be based upon the likelihood that the individual will support the denial of benefits.

 

		7.12	Exhaustion of Administrative Remedies Available under the Agreement.

 

		7.12.1	In no event will Executive be entitled to challenge the Claims Administrator’s decision in
court or any other proceeding unless and until these claims procedures are exhausted. The Executive then shall have one hundred
eighty (180) days from the date of receipt of the Claims Administrator’s decision on appeal in which to file suit regarding
a claim for benefits under this Agreement. If suit is not filed within such one hundred eighty (180)-day period, it shall be forever
barred.

 

		7.12.2	Notwithstanding the foregoing, in the case of a claim for benefits due to Executive experiencing
a Disability, if the Claims Administrator or Appeals Fiduciary, as applicable, fails to strictly adhere to all the applicable requirements
hereunder, the claimant is deemed to have exhausted the administrative remedies available under the Agreement, except as provided
in the paragraph below with respect to de minimis violations. If the claimant chooses to pursue remedies under Section 502(a) of
ERISA under such circumstances, the claim or appeal is deemed denied on review without the exercise of discretion by an appropriate
fiduciary.

 

The administrative
remedies available under the Agreement will not be deemed exhausted based on de minimis violations that do not cause, and are not
likely to cause, prejudice or harm to the claimant, provided the Claims Administrator demonstrates that the violation was for good
cause or due to matters beyond the control of the Claims Administrator and that the violation occurred in the context of an ongoing,
good faith exchange of information between the Claims Administrator and the claimant. A violation shall not be de minimis if it
is part of a pattern or practice of violations by the Claims Administrator. The claimant may request a written explanation of the
violation from the Claims Administrator, and the Claims Administrator must provide such explanation within ten (10) days, including
a specific description of its bases, if any, for asserting that the violation should not cause the available administrative remedies
to be deemed exhausted. If a court rejects the claimant’s request for immediate review on the basis that the Claims Administrator
met the standards for the de minimis exception the claim shall be considered as refiled on appeal upon the Claims Administrator’s
receipt of the court’s decision. Within a reasonable time after the receipt of the decision, the Claims Administrator shall
provide the claimant with notice of the resubmission.

 

    	 	13	 

     

    

 

		7.13	Definitions. For purposes of the Agreement’s claims procedures, the following words
and phrases shall have the respective meanings set forth below:

 

		7.13.1	“Adverse benefit determination” means any of the following: a denial, reduction
or termination of, or a failure to provide or make payment (in whole or in part) for, a benefit, including any such denial, reduction,
termination, or failure to provide or make payment that is based on a determination of a claimant’s eligibility to participate
in a plan and with respect to a claim for benefits due to Executive experiencing a Disability, shall also mean any rescission of
disability coverage with respect to a Participant or Beneficiary (whether or not there is an adverse effect on any particular benefit
at that time), where rescission means a cancellation or discontinuance of coverage that has retroactive effect, except to the extent
it is attributable to a failure to timely pay required premiums or contributions towards the cost of coverage.

 

		7.13.2	“Appeals Fiduciary” means an individual or group of individuals appointed by
the Claims Administrator to review appeals of claims for benefits payable due to the Executive experiencing a Disability.

 

		7.13.3	“Claims Administrator” means the Board or such other person designated by the
Board from time to time and named by notice to Executive.

 

		7.13.4	A document, record, or other information shall be considered “relevant” to a
claimant’s claim if such document, record, or other information (A) was relied upon in making the benefit determination,
(B) was submitted, considered, or generated in the course of making the benefit determination, without regard to whether such document,
record, or other information was relied upon in making the benefit determination, (C) demonstrates compliance with the administrative
processes and safeguards required in making the benefit determination, or (D) in the case of a claim for benefits due to Executive
experiencing a Disability, constitutes a statement of policy or guidance with respect to the Agreement concerning the denied treatment
option or benefit for the claimant’s diagnosis, without regard to whether such advice or statement was relied upon in making
the benefit determination.

 

		7.14	Person Authorized to Act on Behalf of Claimant. The Claims Administrator may establish reasonable
procedures to permit an authorized person to act on behalf of the claimant (and for determining whether a person has been authorized
to act on behalf of a claimant).

 

Article 8

Amendments and Termination

 

		8.1	Amendments. This Agreement may be amended only 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
banking regulators or to comply with legislative changes or tax law, including without limitation Code Section 409A.

 

		8.2	Plan Termination Generally. This Agreement may be terminated only by a written agreement
signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except
as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement.
Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or
Article 3.

 

    	 	14	 

     

    

 

		8.3	Plan Terminations Under Code Section 409A. Notwithstanding anything to the contrary in Section
8.2, if the Bank irrevocably terminates this Agreement in the following circumstances:

 

		(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 irrevocable termination of this Agreement and further provided
that all of the arrangements sponsored by the Bank that would be aggregated with this Agreement under Treasury Regulation §1.409A-1(c)(2)
are terminated so the Executive and all participants under the other aggregated arrangements are required to receive all amounts
of compensation deferred under the terminated arrangements within twelve (12) months of the date the Bank irrevocably takes all
necessary action to terminate such arrangements;

		(b)	Within twelve (12) months of a dissolution of the Bank taxed under Section 331 of the Code or with
the approval of a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), provided that the amounts deferred under this Agreement
are included in the Executive’s gross income in the latest of (i) the calendar year in which this Agreement terminates; (ii)
the calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year
in which the distribution is administratively practicable; or

		(c)	Upon the Bank’s termination of this and all other arrangements that would be aggregated with
this Agreement pursuant to Treasury Regulation §1.409A-1(c) if the Executive participated in such arrangements (“Similar
Arrangements”), provided that (i) the termination and liquidation does not occur proximate to a downturn in the financial
health of the Bank, (ii) no payments are made within twelve (12) months of the termination of the arrangements other than payments
that would be payable under the terms of the arrangements if the termination had not occurred, (iii) all termination distributions
are made no later than twenty-four (24) months following such termination, and (iv) 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 the Agreement;

 

the Bank may
distribute the Accrual Balance, determined as of the date of the termination of this Agreement, to the Executive in a lump sum
subject to the above terms.

 

Article 9

Miscellaneous

 

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

 

		9.2	No Guarantee of Employment. This Agreement is not a contract for employment. It does not
give the Executive the right to remain as an employee of the Bank nor interfere with the Bank’s right to discharge the Executive.
It does not require the Executive to remain an employee nor interfere with the Executive’s right to terminate employment
at any time.

 

    	 	15	 

     

    

 

		9.3	Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned,
pledged, attached or encumbered in any manner.

 

		9.4	Tax Withholding and Reporting. The Bank shall withhold any taxes that are required to be
withheld, including but not limited to taxes owed under Code Section 409A from the benefits provided under this Agreement. The
Executive acknowledges that the Bank’s sole liability regarding taxes is to forward any amounts withheld to the appropriate
taxing authorities. The Bank shall satisfy all applicable reporting requirements, including those under Code Section 409A.

 

		9.5	Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of
the State of Louisiana, except to the extent that the laws of the United States of America are applicable.

 

		9.6	Unfunded Arrangement. The Executive and the Beneficiary are general unsecured creditors
of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute
such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, attachment or garnishment by creditors. Any insurance on the Executive’s life or other informal funding asset
is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

 

		9.7	Reorganization. The Bank shall not merge or consolidate into or with another bank, or reorganize,
or sell substantially all of its assets to another bank, firm or person unless such succeeding or continuing bank, firm or person
agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such an event, the term
 “Bank” as used in this Agreement shall be deemed to refer to the successor or survivor entity.

 

		9.8	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.

 

		9.9	Interpretation. Wherever the fulfillment of the intent and purpose of this Agreement requires
and the context will permit, the use of the masculine gender includes the feminine and use of the singular includes the plural.

 

		9.10	Alternative Action. In the event it shall become impossible for the Bank or the Plan Administrator
to perform any act required by this Agreement due to regulatory or other constraints, the Bank or Plan Administrator may perform
such alternative act as most nearly carries out the intent and purpose of this Agreement and is in the best interests of the Bank,
provided that such alternative act does not violate Code Section 409A.

 

		9.11	Headings. Article and section headings are for convenient reference only and shall not control
or affect the meaning or construction of any provision herein.

 

    	 	16	 

     

    

 

		9.12	Validity. If any provision of this Agreement shall be illegal or invalid for any reason,
said illegality or invalidity shall not affect the remaining parts hereof, but this Agreement shall be construed and enforced as
if such illegal or invalid provision had never been included herein.

 

		9.13	Notice. Any notice or filing required or permitted to be given to the Bank or Plan Administrator
under this Agreement shall be sufficient if in writing and hand-delivered or sent by registered or certified mail to the address
below:

 

Board of Directors

Home Bank, N. A.

503 Kaliste Saloom

Lafayette, Louisiana 70508

 

Such notice shall be deemed given
as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration
or certification. Any notice or filing required or permitted to be given to the Executive under this Agreement shall be sufficient
if in writing and hand-delivered or sent by mail to the last known address of the Executive.

 

		9.14	Compliance with Section 409A. This Agreement shall be interpreted and administered consistent
with Code Section 409A.

 

[Remainder of Page Intentionally Left Blank]

 

    	 	17	 

     

    

 

IN WITNESS WHEREOF,
the Executive and a duly authorized representative of the Bank have signed this Agreement.

 

	EXECUTIVE	 	HOME BANK, N.A.
	 	 	 
	
        /s/ John W. Bordelon

        
	 	By:	/s/ Michael P. Maraist
	John W. Bordelon	 	Title:	Chairmen of the Board

 

    	 	18

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