Document:

Wdesk | Exhibit

Exhibit 10(a)(1)
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is made and effective as of April 3, 2018, by and between Christopher J. Murphy III (hereinafter “Executive”), and 1st Source Corporation, an Indiana corporation (hereinafter “Employer”).
WHEREAS, Executive is currently employed as the Chairman of the Board and Chief Executive Officer of Employer and Chairman of the Board and Chief Executive Officer of Employer’s subsidiary, 1st Source Bank (“Bank”), pursuant to that certain Employment Agreement, dated as of January 1, 2008, and amended as of February 6, 2014 (“Employment Agreement”); and 
WHEREAS, Executive and Employer have agreed to further amend the Employment Agreement as provided below.
NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained in the Employment Agreement and this Amendment, Executive and Employer hereby agree that Section 6(b) of the Employment Agreement is hereby amended to read as follows:
“6(b).  If such termination occurs within one (1) year after a Change in Control of Employer or Bank, then as severance pay and in lieu of any further compensation for periods subsequent to the effective date of such termination, Executive shall receive, within thirty (30) days following such termination, an amount in cash equal to 2.99 times his “annualized includable compensation for the base period” (as defined in Section 280G(d)(1) of the Internal Revenue Code of 1986, as amended (the “Code”)), provided that, for purposes of such calculation, Executive’s average annual compensation shall be determined by excluding all compensation other than Executive’s annual base pay and any bonuses awarded under the Company’s bonus plans, and specifically excluding any accelerated vesting or conversion of stock awards or exercise of stock options regardless of their inclusion in the Executive’s reportable gross income.”      
As hereby modified, the Employment Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to Employment Agreement as of the day and year first written above.
1st Source Corporation
	
					
	By:
	/s/ Mark D. Schwabero
	 
	 
	/s/ Christopher J. Murphy III

	 
	Mark D. Schwabero, Chairman
	 
	 
	Christopher J. Murphy III

	 
	Executive Compensation and
	 
	 
	 

	 
	Human Resources CommitteeWdesk | Exhibit

Exhibit 10(a)(2)
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is made and effective as of April 3, 2018, by and between Andrea G. Short (hereinafter “Executive”), and 1st Source Corporation, an Indiana corporation (hereinafter “Employer”).
WHEREAS, Executive is currently employed as the Treasurer and Chief Financial Officer of Employer and Executive Vice President, Treasurer and Chief Financial Officer of Employer’s subsidiary, 1st Source Bank (“Bank”), pursuant to that certain Employment Agreement, dated as of January 1, 2013, and amended as of February 6, 2014 (“Employment Agreement”); and 
WHEREAS, Executive and Employer have agreed to further amend the Employment Agreement as provided below.
NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained in the Employment Agreement and this Amendment, Executive and Employer hereby agree that Section 6(b) of the Employment Agreement is hereby amended to read as follows:
“6(b).  If such termination occurs within one (1) year after a Change in Control of Employer or Bank, then as severance pay and in lieu of any further compensation for periods subsequent to the effective date of such termination, Executive shall receive, within thirty (30) days following such termination, an amount in cash equal to 2.99 times her “annualized includable compensation for the base period” (as defined in Section 280G(d)(1) of the Internal Revenue Code of 1986, as amended (the “Code”)), provided that, for purposes of such calculation, Executive’s average annual compensation shall be determined by excluding all compensation other than Executive’s annual base pay and any bonuses awarded under the Company’s bonus plans, and specifically excluding any accelerated vesting or conversion of stock awards or exercise of stock options regardless of their inclusion in the Executive’s reportable gross income.”      
As hereby modified, the Employment Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to Employment Agreement as of the day and year first written above.
1st Source Corporation
	
					
	By:
	/s/ Christopher J. Murphy III
	 
	 
	/s/ Andrea G. Short

	 
	Christopher J. Murphy III
	 
	 
	Andrea G. Short

	 
	Chairman of the Board and 
	 
	 
	 

	 
	Chief Executive OfficerWdesk | Exhibit

Exhibit 10(a)(3)
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is made and effective as of April 3, 2018, by and between John B. Griffith (hereinafter “Executive”), and 1st Source Corporation, an Indiana corporation (hereinafter “Employer”).
WHEREAS, Executive is currently employed as the Secretary and General Counsel of Employer and Executive Vice President, Secretary and General Counsel of Employer’s subsidiary, 1st Source Bank (“Bank”), pursuant to that certain Employment Agreement, dated as of January 1, 2008, and amended as of February 6, 2014 (“Employment Agreement”); and 
WHEREAS, Executive and Employer have agreed to further amend the Employment Agreement as provided below.
NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained in the Employment Agreement and this Amendment, Executive and Employer hereby agree that Section 6(b) of the Employment Agreement is hereby amended to read as follows:
“6(b).  If such termination occurs within one (1) year after a Change in Control of Employer or Bank, then as severance pay and in lieu of any further compensation for periods subsequent to the effective date of such termination, Executive shall receive, within thirty (30) days following such termination, an amount in cash equal to 2.99 times his “annualized includable compensation for the base period” (as defined in Section 280G(d)(1) of the Internal Revenue Code of 1986, as amended (the “Code”)), provided that, for purposes of such calculation, Executive’s average annual compensation shall be determined by excluding all compensation other than Executive’s annual base pay and any bonuses awarded under the Company’s bonus plans, and specifically excluding any accelerated vesting or conversion of stock awards or exercise of stock options regardless of their inclusion in the Executive’s reportable gross income.”      
As hereby modified, the Employment Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to Employment Agreement as of the day and year first written above.
1st Source Corporation
	
					
	By:
	/s/ Christopher J. Murphy III
	 
	 
	/s/ John B. Griffith

	 
	Christopher J. Murphy III
	 
	 
	John B. Griffith

	 
	Chairman of the Board and 
	 
	 
	 

	 
	Chief Executive OfficerWdesk | Exhibit

Exhibit 10(a)(4)
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is made and effective as of April 3, 2018, by and between James R. Seitz (hereinafter “Executive”), and 1st Source Corporation, an Indiana corporation (hereinafter “Employer”).
WHEREAS, Executive is currently employed as the President of Employer and President of Employer’s subsidiary, 1st Source Bank (“Bank”), pursuant to that certain Employment Agreement, dated as of May 23, 2017 (“Employment Agreement”); and 
WHEREAS, Executive and Employer have agreed to further amend the Employment Agreement as provided below.
NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained in the Employment Agreement and this Amendment, Executive and Employer hereby agree that Section 6(b) of the Employment Agreement is hereby amended to read as follows:
“6(b).  If such termination occurs within one (1) year after a Change in Control of Employer or Bank, then as severance pay and in lieu of any further compensation for periods subsequent to the effective date of such termination, Executive shall receive, within thirty (30) days following such termination, an amount in cash equal to 2.99 times his “annualized includable compensation for the base period” (as defined in Section 280G(d)(1) of the Internal Revenue Code of 1986, as amended (the “Code”)), provided that, for purposes of such calculation, Executive’s average annual compensation shall be determined by excluding all compensation other than Executive’s annual base pay and any bonuses awarded under the Company’s bonus plans, and specifically excluding any accelerated vesting or conversion of stock awards or exercise of stock options regardless of their inclusion in the Executive’s reportable gross income.”      
As hereby modified, the Employment Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to Employment Agreement as of the day and year first written above.
1st Source Corporation
	
					
	By:
	/s/ Christopher J. Murphy III
	 
	 
	/s/ James R. Seitz

	 
	Christopher J. Murphy III
	 
	 
	James R. Seitz

	 
	Chairman of the Board and 
	 
	 
	 

	 
	Chief Executive OfficerWdesk | Exhibit

Exhibit 10(a)(5)
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is made and effective as of April 3, 2018, by and between Jeffrey L. Buhr (hereinafter “Executive”), and 1st Source Bank, an Indiana corporation (hereinafter “Employer”).
WHEREAS, Executive is currently employed as Executive Vice President and Chief Credit Officer of Employer, pursuant to that certain Employment Agreement, dated as of May 23, 2017 (“Employment Agreement”); and 
WHEREAS, Executive and Employer have agreed to further amend the Employment Agreement as provided below.
NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained in the Employment Agreement and this Amendment, Executive and Employer hereby agree that Section 6(b) of the Employment Agreement is hereby amended to read as follows:
“6(b).  If such termination occurs within one (1) year after a Change in Control of Employer or Employer’s parent, 1st Source Corporation, then as severance pay and in lieu of any further compensation for periods subsequent to the effective date of such termination, Executive shall receive, within thirty (30) days following such termination, an amount in cash equal to 2.99 times his “annualized includable compensation for the base period” (as defined in Section 280G(d)(1) of the Internal Revenue Code of 1986, as amended (the “Code”)), provided that, for purposes of such calculation, Executive’s average annual compensation shall be determined by excluding all compensation other than Executive’s annual base pay and any bonuses awarded under the Company’s bonus plans, and specifically excluding any accelerated vesting or conversion of stock awards or exercise of stock options regardless of their inclusion in the Executive’s reportable gross income.”      
As hereby modified, the Employment Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to Employment Agreement as of the day and year first written above.
1st Source Bank
	
					
	By:
	/s/ Christopher J. Murphy III
	 
	 
	/s/ Jeffrey L. Buhr

	 
	Christopher J. Murphy III
	 
	 
	Jeffrey L. Buhr

	 
	Chairman of the Board and 
	 
	 
	 

	 
	Chief Executive Officer

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