Document:

exv10w1

Exhibit 10.1

2010 Amendment to

Employment Agreement

     THIS AMENDMENT (this “Amendment”), is made and entered into as of January 26, 2010, by and
between CENTRUE FINANCIAL CORPORATION, INC., a Delaware corporation (the “Employer”), and Everett
J. Solon (the “Executive”).

     A. The Employer and Executive have previously entered into an employment agreement dated
January 31, 2007 (the “Agreement”), previously amended December 31, 2008 to satisfy the
requirements of Section 409A of the Internal Revenue Code and to eliminate provisions of the
Agreement that pertain only to compensation or benefits that have already been paid.

     B. The parties now desire to amend the term of the Agreement.

     C. Except as otherwise provided in this Amendment, the Agreement shall continue in full force
and effect.

     NOW, THEREFORE, in consideration of the premises and of the covenants herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Employer and the Executive agree to amend the Agreement as follows:

	1.	 	Section 1 of the Agreement is hereby amended to provide as follows:

	 	 	Section 1. Term. Effective January 1, 2010 (the “Effective Date”) the term of this
Agreement and the Executive’s employment hereunder shall be for a term of two (2) years
commencing on the Effective Date, and shall automatically be extended for one (1) additional day
on the first anniversary of the Effective Date and on each day thereafter, unless and until
either party to this Agreement provides written notice of non-renewal to the other party.

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

	 	 	 	 	 	 	 	 	 	 	 
	Centrue Financial Corporation, Inc.	 	 	 	Everett J. solon
	 
	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Heather Hammitt	 	 	 	/s/ Everett J. Solon	 	 
	 

	 	 
	 	 
	 	 	 	 	 	 
	 

	 	Its:
	 	EVP/Head of Human Resources

& Corporate CommunicationsExhibit 10.1

Exhibit 10.1

January 22, 2010

Mr. Paul Eppen

c/o optionsXpress Holdings, Inc.

311 W. Monroe Street, Suite 1000

Chicago, Illinois 60606

Re: Separation Agreement

Dear Paul:

In keeping with our discussions, this letter agreement memorializes the terms of your
separation from optionsXpress Holdings, Inc. (the “Company”).

1. TERMINATION OF EMPLOYMENT. The Company and you agree that effective today, January 22,
2010, your employment with the Company shall be terminated in accordance with the terms of this
letter agreement.

2. SEVERANCE.

(a) Upon termination of your employment hereunder pursuant to this letter agreement, all
obligations of the Company shall cease, except the Company’s obligations to (i) comply with all
state and federal laws and regulations applying to any benefits provided hereunder and (ii) pay
the severance benefits, to the extent applicable, to you pursuant to the terms and conditions
set forth in Section 2(b) below.

(b) In connection with your separation from the Company, commencing with the first month
after your date of termination, and paid to you, or, to the extent that you are no longer
living, your successor in trust of the Paul E. Eppen Living Trust (dated 4/29/2005), in
accordance with the payroll procedures of the Company, all of which shall be subject to
applicable withholding and payroll taxes, and such other deductions as may be required under
the Company’s employee benefit plans, you shall be entitled to: (i) an amount equal to twelve
(12) months’ severance pay at the monthly rate of your current base salary of $284,000, payable
in twenty four (24) semi-monthly installments, (ii) continued medical coverage for you and your
family for twelve (12) months following your date of termination on the same terms and
conditions (including cost sharing) made available to senior executives of the Company;
PROVIDED THAT such coverage shall terminate if you become eligible for employer-provided
medical coverage during such twelve (12) month period, (iii) immediate vesting of 100% of your
outstanding unvested options, stock appreciation rights, restricted stock, deferred stock or
other similar equity awards granted by the Company, with all outstanding options and stock
appreciation rights being exercisable under the earlier of the expiration of the original term
of such awards or for three (3) months following your date of termination, (iv) a bonus for
2009 in the amount of $99,400, to be paid at such time as bonuses are paid to other senior
executives (currently estimated to be prior to the end of February 2010), and (v) a separation
bonus of $124,013 payable in twenty four (24) semi-monthly installments. You agree and
acknowledge that,
other than as specifically provided for in this agreement, and excluding vested benefits,
if any, under the Company’s 401(k) plan, which shall be paid to him in accordance with the
terms of that plan, no additional payments are due from the Company on any basis whatsoever.

 

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(c) Notwithstanding anything to the contrary contained herein, you shall be entitled to
the benefits described in Section 2(b) if and only if (i) you have executed and delivered this
agreement to the Company, and (ii) subsequent to your separation, you shall not have (A)
revoked or breached this agreement including the provisions of the general release set forth in
Section 12 hereof, or (B) applied for unemployment compensation chargeable to the company
during such severance period.

(d) Notwithstanding anything herein to the contrary, if, at the time any payment is
payable to you pursuant to the provisions of this letter agreement as a result of your
“separation from service” (within the meaning of Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”) and the regulations promulgated thereunder), the Company or any
company in the affiliated group in which the Company’s financial statements are consolidated in
accordance with generally accepted accounting principles has a class of equity securities
traded on an established domestic or foreign securities market or otherwise including, without
limitation, trading on an American exchange only as American Depositary receipts and you are
then designated a “specified person” (as such term is defined in Section 409A of the Code and
the regulations promulgated thereunder) on a list prepared by the Company periodically pursuant
to Section 409A of the Code and the regulations promulgated thereunder, then, to the extent
required by Section 409A of the Code and the regulations promulgated thereunder, during the six
month period from and after the date of your “separation from service” the amount payable to
you pursuant to the provisions of Section 2 of this letter agreement shall not exceed the
lesser of (x) two times your annual base compensation or (y) two times the amount determined
pursuant to Section 401(a)(17) of the Code, and any excess amount which accrues to you during
such period shall be withheld during such period and paid to you in a lump sum upon the
expiration of six months after the date of “separation from service” (or, if earlier than the
end of such six month period, upon your death).

3. CONFIDENTIALITY

(a) You will not at any time during, or after termination of, your employment with the
Company disclose to anyone or make use of, directly or indirectly, any Confidential Information
(as defined below) except (i) as required by law or in response to a governmental inquiry, and
then upon notice to Company to the extent permitted by law; or (ii) to your attorneys, parents,
children, spouses, attorneys, accountants, or tax advisors on the further condition that such
persons agree to maintain the confidentiality thereof. All records of every nature and
description relating to the Company’s business during your employment, whether or not prepared
by you, shall be and remain the property of the Company. All records of every nature and
description, copies, keys, telephone calling cards, passwords, data on Blackberry or other
handheld devices, recorders, data on cellular telephones, computers, thumb drives, printers,
files, and other property and equipment relating to the Company’s business during your
employment shall be left with or delivered to the Company upon termination of your employment.

 

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(b) For purposes of this letter agreement, “Confidential Information” means all
information of a confidential or proprietary nature (whether or not specifically labeled or
identified as “confidential”), in any form or medium, that relates to the Company or its
subsidiaries or their business relations and their respective business activities and includes,
without limitation, the following: (i) internal business information (including historical and
projected financial information and budgets and information relating to strategic and staffing
plans and practices, business, training, marketing, promotional and sales plans and practices,
cost, rate and pricing structures and financial, accounting and business methods); (ii)
identities and individual requirements of, and specific contractual arrangements with, the
Company’s and its subsidiaries’ customers, employees, independent contractors, clearing
agencies, joint venture partners and other business relations and their confidential
information; (iii) trade secrets, know-how, compilations of data and analyses, techniques,
systems, formulae, research, records, reports, manuals, documentation, models, data and data
bases relating thereto; (iv) inventions, innovations, improvements, developments, methods,
designs, analyses, drawings, reports and all similar or related information (whether or not
patentable); and (v) information related to any and all intellectual and proprietary property
and rights and rights in Confidential Information of every kind and description anywhere in the
world, including all (A) patents, patent applications, patent disclosures and inventions, (B)
internet domain names, trademarks, service marks, trade dress, trade names, logos and corporate
names and registrations and applications for registration thereof together with all of the
goodwill associated therewith, (C) copyrights (registered or unregistered) and copyrightable
works and registrations and applications for registration thereof, (D) mask works and
registrations and applications for registration thereof, (E) computer software, data, data
bases and documentation thereof, (F) trade secrets and other Confidential Information
(including ideas, formulas, compositions, inventions (whether patentable or unpatentable and
whether or not reduced to practice), know-how, manufacturing and production processes and
techniques, research and development information, drawings, specifications, designs, plans,
proposals, technical data, copyrightable works, financial and marketing plans and customer and
supplier lists and information), (G) other intellectual property rights and (H) copies and
tangible embodiments thereof (in whatever form or medium).

(c) Notwithstanding the provisions of this Section 3, information shall not be deemed
“Confidential Information” for purposes hereof if such information is (i) in the public domain
(other than as a result of a breach of this Agreement by you), (ii) approved in writing for
release by the Company, (iii) lawfully obtained by you after termination of your employment
with the Company from third parties (other than the Company, any of its affiliates or any of
their respective employees, agents, independent contractors, directors or representatives) on a
nonconfidential basis who, to your knowledge, are not prohibited from disclosing such
information to you by a legal, contractual or fiduciary obligation to the Company or any of its
affiliates, or (iv) actually known by you prior to the commencement of the discussions between
the Company and you which resulted in your employment with the Company as evidenced by written
records maintained by you.

4. NONCOMPETITION; NONSOLICITATION

 

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(a) You acknowledge that (i) you are one of the Company’s key employees and that you are
and will become familiar with the Company’s trade secrets and with other confidential
information concerning the Company, including the Company’s (A) inventions,
technology and research and development, (B) customers and vendors and customer and vendor
lists, (C) products and services (including those under development) and related costs and
pricing structures, (D) accounting and business methods and practices, and (E) similar and
related confidential information and trade secrets; (ii) your services rendered have been and
shall continue to be of special, unique and extraordinary value to the Company and that you
have been substantially responsible for the growth and development of the Company and the
creation and preservation of the Company’s goodwill; and (iii) the Company would be irreparably
damaged (including a significant loss of goodwill) if you were to provide similar services to
any person or entity competing with the Company or engaged in a similar business. Due to your
access to the confidential proprietary information, customer information and customer
relationships and uniqueness of your services to the Company and in consideration of the
Company’s agreements herein, you agree that for the term of your employment with the Company
and a period of twelve (12) months after termination of your employment as provided hereunder
(the “Noncompetition Period”), you shall not directly or indirectly, either for yourself or for
any other individual, corporation, partnership, joint venture or other entity, engage in any
Competitive Activity anywhere in the world. “Competitive Activity” means managing, controlling,
participating in (whether as an officer, director, employee, partner, agent, representative or
otherwise), consulting with or rendering services with respect to any entity that engages or
proposes to engage in the: (i) on-line securities industry for the retail, consumer customer
base (including, for the avoidance of doubt and without limitation, the service of retail
brokerage accounts through independent representatives), (ii) investment education services
industry, or (iii) any other business conducted by the Company or any of its subsidiaries and
in which you actively participated during your employment term, as well as investing in or
arranging any investment in any entity that is primarily engaged in any of the foregoing;
PROVIDED, HOWEVER, that nothing herein shall prohibit you from being employed by or otherwise
performing services for any entity that is engaged in the foregoing activities so long as you
do not participate in any of the foregoing; AND PROVIDED, FURTHER, that nothing herein shall
prohibit you from being a passive owner of not more than ten percent (10%) of the outstanding
stock of any class of a corporation which is publicly traded so long as you do not have any
active participation in the business of such corporation.

(b) During the Noncompetition Period, you shall not directly or indirectly (through any
other individual, corporation, partnership, joint venture or other entity or otherwise) (i)
induce or attempt to induce any employee of the Company or any of its subsidiaries to leave the
employ of the Company or any of its subsidiaries, or in any way interfere with the relationship
between the Company or any of its subsidiaries and any employee thereof, (ii) hire any person
who was an employee of the Company or any of its subsidiaries at any time during the six (6)
month period immediately prior to the date on which such hiring would take place, or (iii) call
on, solicit or service any customer, supplier, licensee, licensor or other business relation of
the Company or any of its subsidiaries in order to induce or attempt to induce such person to
cease doing business with the Company or any of its subsidiaries, or in any way interfere with
the relationship between any such customer, supplier, licensee or business relation and the
Company or any of its subsidiaries. Each of you and the Company (on behalf of itself and its
subsidiaries) mutually agree not to malign, defame, blame, or otherwise disparage the other
regarding the past or future business or personal affairs of the other and, in the case of the
Company, about any of its subsidiaries, directors, officers or employees.

 

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(c) If, at the time of enforcement of the covenants contained in this Section 4 (the
“Restrictive Covenants”), a court shall hold that the duration, scope or area restrictions
stated herein are unreasonable under circumstances then existing, you agree that the maximum
duration, scope or area reasonable under such circumstances shall be substituted for the stated
duration, scope or area and that the court shall be allowed and directed to revise the
restrictions contained herein to cover the maximum period, scope and area permitted by law. You
acknowledge that you have consulted with legal counsel regarding the Restrictive Covenants and,
based on such consultation, have determined and hereby acknowledge that the Restrictive
Covenants are reasonable in terms of duration, scope and area restrictions and are necessary to
protect the goodwill of the Company’s business and the on-line nature of the Company’s business
is such that it is not conducted with respect to geographical boundaries.

(d) If you breach, or threaten to commit a breach of, any of the Restrictive Covenants,
the Company shall have the right and remedy to have the Restrictive Covenants specifically
enforced by any court of competent jurisdiction, it being agreed that any breach or threatened
breach of the Restrictive Covenants would cause irreparable injury to the Company and that
money damages would not provide an adequate remedy to the Company.

(e) In the event of any breach or violation by you of any of the Restrictive Covenants,
the time period of such covenant shall be tolled until such breach or violation is resolved.

5. THE COMPANY’S OWNERSHIP OF INTELLECTUAL PROPERTY.

(a) In the event that you, as part of your activities on behalf of the Company or any of
its subsidiaries generate, author or contribute to (whether before or after the date of this
letter agreement) any invention, design, new product or service development, device, product,
method or process (whether or not patentable or reduced to practice or comprising Confidential
Information), any copyrightable work (whether or not comprising Confidential Information) or
any other form of Confidential Information relating directly or indirectly to the Company’s or
any of its subsidiaries’ business as now or hereinafter conducted (the “Intellectual
Property”), you acknowledge that such Intellectual Property is the exclusive property of the
Company and hereby assign all right, title and interest in and to such Intellectual Property to
the Company. Any copyrightable work prepared in whole or in part by you will be deemed “a work
made for hire” under Section 201(b) of the 1976 Copyright Act, and the Company shall own all of
the rights comprised in the copyright therein. You shall promptly and fully disclose to the
Company all Intellectual Property not generally known to the Company through the ordinary
course of operation of the business, and you shall cooperate with the Company to protect the
Company’s interests in and rights to such Intellectual Property (including, without limitation,
providing reasonable assistance in securing patent protection and copyright registrations and
executing all documents as reasonably requested by the Company, whether such requests occur
prior to or after termination of your employment with the Company). The Company agrees to pay
you for any reasonable costs, fees and expenses incurred by you for providing your assistance
pursuant to this Section 5, including, but not limited to, any of your costs, expenses and your
hourly fees if such assistance is provided after your termination for any reason.

 

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(b) In accordance with Section 2872 of the Illinois Employee Patent Act, Ill. Rev. Stat.
Chap. 140, Section 301 et seq. (1983), you are hereby advised that Section 5 of this Agreement
regarding the Company’s ownership of Intellectual Property does not apply to any invention for
which no equipment, supplies, facilities or trade secret information of the Company was used
and which was developed entirely on your own time, unless (i) the invention relates to the
business of the Company or any of its subsidiaries or to the Company’s or any of its
subsidiaries actual or demonstrably anticipated research or development or (ii) the invention
results from any work performed by you for or on behalf of the Company or any of its
subsidiaries.

6. BINDING EFFECT. The terms hereof shall be binding upon and shall inure to the benefit of
you and the Company, the successors and assigns of the Company, and the heirs, executors,
administrators, legal representatives and assigns of you, PROVIDED THAT your rights and obligations
hereunder may not be delegated or assigned.

7. ENTIRE AGREEMENT. This letter agreement shall supersede any former oral agreement and any
former written agreement heretofore executed relating generally to your employment with the
Company, and this letter agreement can only be amended, altered or terminated and its provisions
can only be waived by an agreement in writing signed by you and the Company; PROVIDED, HOWEVER,
that this letter agreement shall not be deemed to supersede any restricted stock, equity award or
other agreement between the Company and you.

8. REPRESENTATIONS. You hereby represent and warrant to the Company that (a) the execution,
delivery and performance of this Agreement by you does not and shall not conflict with, breach,
violate or cause a default under any contract, agreement, instrument, order, judgment or decree to
which you are a party or by which your are bound, (b) you are not a party to or bound by any
employment agreement, noncompete agreement or confidentiality agreement with any person or entity
other than the Company and/or its subsidiaries and (c) upon the execution and delivery of this
Agreement by the Company, this Agreement shall be the valid and binding obligation of you,
enforceable in accordance with its terms. You hereby acknowledge and represent that you have
consulted with independent legal counsel (or that you have decided to forego the engagement of such
legal counsel) regarding your rights and obligations under this Agreement and that you fully
understand the terms and conditions contained herein.

9. COOPERATION. During the term of your employment and for a period of two (2) years after
termination of your employment for any reason, you shall reasonably cooperate with the Company in
(a) any internal investigation or any administrative, regulatory or judicial proceeding (so long as
such investigation or proceeding is not adversarial in nature between you and the Company) or (b)
any dispute with a third party, as reasonably requested by the Company (including, without
limitation, being available to the Company upon reasonable advance notice for interviews and
factual investigations, appearing at the Company’s request to give testimony without requiring
service of a subpoena or other legal process, volunteering to the Company all pertinent information
and turning over to the Company all relevant documents which are or may come into your possession,
all at times and on schedules that are reasonably consistent with your other activities and
commitments). In the event the Company requires your cooperation in accordance with this Section,
the Company shall reimburse you for all actual reasonable and
customary travel and other out-of-pocket expenses (including lodging and meals) incurred by
you in connection therewith promptly upon submission of receipts therefore.

 

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10. REMEDIES. In the event that you violate any of the provisions hereof, you hereby
acknowledge that the Company will suffer irreparable damages and will be entitled to full
injunctive relief or such other relief against you as may be provided by law or in equity.

11. ENFORCEABILITY. This letter agreement shall be construed and enforced under the laws of
the State of Illinois without giving effect to the principles of conflicts of laws thereof. If any
provision of this letter agreement is held invalid or unenforceable by operation of law or
otherwise, such circumstances shall not have the effect of rendering any of the other provisions of
this letter agreement invalid or unenforceable.

12. GENERAL RELEASE. You, for and on behalf of yourself and your heirs, executors,
beneficiaries, administrators, attorneys, successors, and assigns hereby release and discharge the
Company and its affiliates and their respective directors, officers, employees, agents, benefits
plans, plan administrators, successors and assigns from any and all claims of every kind, whether
known or unknown, based upon any fact or matter occurring prior to your execution of this
Agreement. This general release extends to all claims including, but not limited to, all claims
under common law, statute, regulation, or ordinance, and including, but not limited to, all claims
under the Americans with Disabilities Act, Title VII of the Civil Rights Act of 1964, the Employee
Retirement Income Security Act of 1974, the Family Medical Leave Act, the Illinois Human Rights
Act, and all claims for negligence, breach of contract, wrongful or retaliatory discharge,
defamation, and intentional infliction of emotional distress. The Company releases and discharges
you from all known claims arising out of or relating to your employment with the Company and the
termination thereof excepting your breach of this Agreement or the Employee Agreement Regarding
Confidentiality and Nonsolicitation dated August 14, 2007. The parties intend this release of
claims to be broadly construed so as to resolve any and all disputes arising out of or relating to
your employment with the Company and the termination thereof. If you commences any legal action
yourself or through a third party in violation of this paragraph, the Company shall be entitled to
assert this Agreement as a bar to such action.

You acknowledge that this Separation Agreement includes a waiver of any rights and claims arising
under the Age Discrimination in Employment Act. You acknowledge that you have been given an
opportunity to take up to twenty-one (21) days within which to consider this agreement. You
understand that you may revoke this agreement during the seven (7) calendar days following the
execution of this agreement by sending written notice via reputable overnight delivery service to:
Hillary Victor, Associate General Counsel, optionsXpress Holdings, Inc., 311 West Monroe; Suite
1000; Chicago, IL 60606, and that the Agreement shall not become effective or enforceable until
that seven (7) calendar day revocation period has expired without revocation.

Intentionally Blank

 

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By signing below, the Company agrees to all of the terms and conditions of this letter agreement.
Your signature below indicates your acceptance of these terms and conditions.

	 	 	 	 	 
	 	Sincerely yours,

optionsXpress Holdings, Inc.

 	 
	 	By:  	/s/ David Fisher
 	 
	 	 	David Fisher, Chief Executive Officer 	 
	 	 	 	 
	 

ACCEPTED AND AGREED as of

this 22nd day of January, 2010

	 	 	 	 	 
	/s/ Paul Eppen
 	 	 
	Paul Eppen 	 	 
	 	 	 
	 

 

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