Document:

AMENDMENT TO EMPLOYEE DEATH BENEFIT AGREEMENT

 EXHIBIT 10.2 
  
 STATE OF SOUTH CAROLINA 
  
 COUNTY OF RICHLAND 
  
 FIRST AMENDMENT OF EMPLOYEE DEATH 
 BENEFIT AND POST-RETIREMENT 

NONCOMPETITION AND CONSULTATION AGREEMENT 
  
 THIS FIRST AMENDMENT OF EMPLOYEE DEATH BENEFIT AND POST-RETIREMENT NONCOMPETITION AND CONSULTATION AGREEMENT (“First Amendment”), made
and entered into and effective as of the 24th day of July, 2002, by and between FIRST-CITIZENS BANK AND TRUST COMPANY OF SOUTH CAROLINA, a South Carolina banking corporation with its principal place of business in Columbia, Richland County,
South Carolina (hereinafter referred to as “Employer”); and Jim B. Apple (hereinafter referred to as “Employee”); 
  
 W I T N E S S E T H: 
  
 WHEREAS, in recognition of Employee’s contribution to the growth, management and development of Employer, and in order to limit Employee’s
availability to other employers or entities in competition with Employer following Employee’s retirement from employment with Employer, Employer and Employee previously entered into an Employee Death Benefit and Post-Retirement Noncompetition
and Consultation Agreement, dated as of the 31st day of December, 1998, which is incorporated herein by reference
(hereinafter referred to as the “Agreement”); and 
  
 WHEREAS, Employer now desires to increase the benefits payable to Employee as set forth in the Agreement by amending the Agreement pursuant to Paragraph 12 thereof, effective as of the date of this First Amendment. 
  
 NOW, THEREFORE, for and in consideration of the mutual promises and
undertakings herein set forth, the parties hereto do agree as follows: 
  
 1. Paragraph 2 of the Agreement hereby is deleted in its entirety and the following replacement Paragraph 2 is inserted in lieu thereof: 
  
 “2. DEATH BENEFITS. In the event Employee dies while employed by Employer prior to Employee’s Retirement Date, Employer will pay the sum
of ninety thousand three and 00/100 Dollars ($90,003.00) per year, payable in monthly installments of seven thousand five hundred and 25/100 Dollars ($7,500.25) for a period of ten (10) years, to such individual or individuals as Employee shall have
designated in writing filed with Employer or, in the absence of such designation, to the Estate of Employee. The first payment shall be made not later than two (2) months following Employee’s death. Payments hereunder shall be payable each
month without deductions and the recipient shall be solely responsible for the payment of all income and other taxes and assessments applicable on said payments.” 
  
 2. The first paragraph of Paragraph 3 of the Agreement hereby is deleted in its entirety and the following replacement first
paragraph of Paragraph 3 is inserted in lieu thereof: 
  
 “3. CONSULTATION PAYMENTS. In the event Employee retires from employment on Employee’s Retirement Date, Employee shall be paid by Employer the 

  

 
sum of one thousand eight hundred seventy five and 06/100 Dollars ($1,875.06) per month, beginning not later than two (2) months after Employee’s
Retirement Date, for a period of ten (10) years following Employee’s Retirement Date or until death, whichever first occurs. Such monthly payments shall be paid for and in consideration of Employee’s Consultation Services, as provided
herein; such sum to be payable to Employee whether or not Employee’s Consultation Services have been utilized by Employer. Consultation Payments hereunder shall be payable each month without deductions and Employee agrees to be solely
responsible for the payment of all income and other taxes out of said funds and all Social Security, self-employment and any other taxes or assessments, if any, applicable on said compensation.” 
  
 3. The first paragraph of Paragraph 4 of the Agreement hereby is deleted in
its entirety and the following replacement first paragraph of Paragraph 4 is inserted in lieu thereof: 
  
 “4. NONCOMPETITION PAYMENTS. In the event Employee retires from employment on Employee’s Retirement Date, Employee shall be paid by
Employer the sum of five thousand six hundred twenty five and 18/100 Dollars ($5,625.18) per month, beginning not later than two (2) months after Employee’s Retirement Date, for a period of ten (10) years following Employee’s Retirement
Date or until death, whichever first occurs. Such monthly payments shall be paid for and in consideration of Employee’s Covenant Not To Compete as provided herein. Noncompetition Payments hereunder shall be payable each month without deductions
and Employee agrees to be solely responsible for the payment of all income or other taxes or assessments, if any, applicable on said payments.” 
  
 4. Paragraph 5 of the Agreement hereby is deleted in its entirety and the following replacement Paragraph 5 is inserted in lieu thereof: 
  
 “5. CONTINUATION OF PAYMENTS. Upon Employee’s death during
said ten (10) year period of payments hereunder, the sum of seven thousand, five hundred and 25/100 Dollars ($7,500.25) per month shall be paid to Employee’s designated beneficiary or Employee’s Estate, as applicable, beginning the first
calendar month following the date of Employee’s death and continuing thereafter until the expiration of said ten (10) year period. Once the Consultation and/or Noncompetition Payments are begun, whether paid by Employer or as otherwise provided
herein, the maximum payment period under this Agreement is ten (10) years. Payments hereunder shall be payable each month without deductions and the recipient shall be solely responsible for all income and other taxes and assessments applicable on
said payments.” 
  
 5. All of the remaining terms and
conditions of the Agreement which are not expressly amended by this First Amendment shall remain in full force and effect. 
  

 IN TESTIMONY WHEREOF, Employer has caused this First Amendment to be executed in its corporate name by
its Vice Chairman of the Board, attested by its Secretary/Assistant Secretary and its corporate seal to be affixed hereto, all within the authority duly given by its Board of Directors, and Employee has hereunto set his hand and adopted as his seal
the typewritten word “SEAL” appearing beside his name, as of the day and year first above written. 
  

			
	FIRST-CITIZENS BANK AND TRUST COMPANY OF SOUTH CAROLINA
		
	By:	 	/S/    FRANK B. HOLDING, SR.        
	 	 	

	 	 	Frank B. Holding, Sr.
	 	 	Vice Chairman of the Board

  

	
	 Attest:

	
	/S/    KIMBERLY A. ROBBINS        
	

	Secretary/Assistant Secretary

  

			
		
	/S/    JIM B. APPLE        	 	 (SEAL)

	
	 	 
	[EMPLOYEE NAME]AMENDMENT TO EMPLOYEE DEATH BENEFIT AGREEMENT

 EXHIBIT 10.4 
  
 STATE OF SOUTH CAROLINA 
  
 COUNTY OF RICHLAND 
  
 FIRST AMENDMENT OF EMPLOYEE DEATH 
 BENEFIT AND POST-RETIREMENT 

NONCOMPETITION AND CONSULTATION AGREEMENT 
  
 THIS FIRST AMENDMENT OF EMPLOYEE DEATH BENEFIT AND POST-RETIREMENT NONCOMPETITION AND CONSULTATION AGREEMENT (“First Amendment”), made
and entered into and effective as of the 24th day of July, 2002, by and between FIRST-CITIZENS BANK AND TRUST COMPANY OF SOUTH CAROLINA, a South Carolina banking corporation with its principal place of business in Columbia, Richland County,
South Carolina (hereinafter referred to as “Employer”); and Charles S. McLaurin III (hereinafter referred to as “Employee”); 
  
 W I T N E S S E T H: 
  
 WHEREAS, in recognition of Employee’s contribution to the growth, management and development of Employer, and in order to limit Employee’s
availability to other employers or entities in competition with Employer following Employee’s retirement from employment with Employer, Employer and Employee previously entered into an Employee Death Benefit and Post-Retirement Noncompetition
and Consultation Agreement, dated as of the 31st day of December, 1998, which is incorporated herein by reference
(hereinafter referred to as the “Agreement”); and 
  
 WHEREAS, Employer now desires to increase the benefits payable to Employee as set forth in the Agreement by amending the Agreement pursuant to Paragraph 12 thereof, effective as of the date of this First Amendment. 
  
 NOW, THEREFORE, for and in consideration of the mutual promises and
undertakings herein set forth, the parties hereto do agree as follows: 
  
 1. Paragraph 2 of the Agreement hereby is deleted in its entirety and the following replacement Paragraph 2 is inserted in lieu thereof: 
  
 “2. DEATH BENEFITS. In the event Employee dies while employed by Employer prior to Employee’s Retirement Date, Employer will pay the sum
of fifty one thousand seven hundred fifty five and 00/100 Dollars ($51,755.00) per year, payable in monthly installments of four thousand three hundred twelve and 92/100 Dollars ($4,312.92) for a period of ten (10) years, to such individual or
individuals as Employee shall have designated in writing filed with Employer or, in the absence of such designation, to the Estate of Employee. The first payment shall be made not later than two (2) months following Employee’s death. Payments
hereunder shall be payable each month without deductions and the recipient shall be solely responsible for the payment of all income and other taxes and assessments applicable on said payments.” 
  
 2. The first paragraph of Paragraph 3 of the Agreement hereby is deleted in
its entirety and the following replacement first paragraph of Paragraph 3 is inserted in lieu thereof: 
  
 “3. CONSULTATION PAYMENTS. In the event Employee retires from employment on Employee’s Retirement Date, Employee shall be paid by
Employer the sum of one thousand seventy eight and 22/100 Dollars ($1,078.22) per month, beginning not later than two (2) months after Employee’s Retirement Date, for a period of ten (10) 

  

 
years following Employee’s Retirement Date or until death, whichever first occurs. Such monthly payments shall be paid for and in consideration of
Employee’s Consultation Services, as provided herein; such sum to be payable to Employee whether or not Employee’s Consultation Services have been utilized by Employer. Consultation Payments hereunder shall be payable each month without
deductions and Employee agrees to be solely responsible for the payment of all income and other taxes out of said funds and all Social Security, self-employment and any other taxes or assessments, if any, applicable on said compensation.”

  
 3. The first paragraph of Paragraph 4 of the Agreement hereby
is deleted in its entirety and the following replacement first paragraph of Paragraph 4 is inserted in lieu thereof: 
  
 “4. NONCOMPETITION PAYMENTS. In the event Employee retires from employment on Employee’s Retirement Date, Employee shall be paid by
Employer the sum of three thousand two hundred thirty four and 69/100 Dollars ($3,234.69) per month, beginning not later than two (2) months after Employee’s Retirement Date, for a period of ten (10) years following Employee’s Retirement
Date or until death, whichever first occurs. Such monthly payments shall be paid for and in consideration of Employee’s Covenant Not To Compete as provided herein. Noncompetition Payments hereunder shall be payable each month without deductions
and Employee agrees to be solely responsible for the payment of all income or other taxes or assessments, if any, applicable on said payments.” 
  
 4. Paragraph 5 of the Agreement hereby is deleted in its entirety and the following replacement Paragraph 5 is inserted in lieu thereof: 
  
 “5. CONTINUATION OF PAYMENTS. Upon Employee’s death during
said ten (10) year period of payments hereunder, the sum of four thousand, three hundred twelve and 92/100 Dollars ($4,312.92) per month shall be paid to Employee’s designated beneficiary or Employee’s Estate, as applicable, beginning the
first calendar month following the date of Employee’s death and continuing thereafter until the expiration of said ten (10) year period. Once the Consultation and/or Noncompetition Payments are begun, whether paid by Employer or as otherwise
provided herein, the maximum payment period under this Agreement is ten (10) years. Payments hereunder shall be payable each month without deductions and the recipient shall be solely responsible for all income and other taxes and assessments
applicable on said payments.” 
  
 5. All of the remaining
terms and conditions of the Agreement which are not expressly amended by this First Amendment shall remain in full force and effect. 
  

 IN TESTIMONY WHEREOF, Employer has caused this First Amendment to be executed in its corporate name by
its Chairman of the Board, attested by its Secretary/Assistant Secretary and its corporate seal to be affixed hereto, all within the authority duly given by its Board of Directors, and Employee has hereunto set his hand and adopted as his seal the
typewritten word “SEAL” appearing beside his name, as of the day and year first above written. 
  

			
	 FIRST-CITIZENS BANK AND TRUST
 COMPANY OF SOUTH CAROLINA

		
	 By:
	 	/S/    JIM B. APPLE        
	 	 	

	 	 	 Jim B. Apple
 Chairman of the Board

  

	
	Attest:
	
	/S/    KIMBERLY A. ROBBINS        
	

	Secretary/Assistant Secretary

  

			
		
	/S/    CHARLES S. MCLAURIN, III        	 	(SEAL)
	
	 	 
	[EMPLOYEE NAME]

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