Document:

Exhibit 10.9

 

Supplemental Agreement

for Stephen M. Rownd

     THIS AMENDED AND RESTATED SUPPLEMENTAL AGREEMENT, effective as of November 2, 2007, by and
between First Charter Corporation, a corporation organized under the State of North Carolina
(“First Charter”), and Stephen M. Rownd, a resident of the City of Charlotte, County of
Mecklenburg, and State of North Carolina (“the “Executive”).

Preamble

     First Charter employs the Executive as its Group Executive Vice President and Chief Banking
Officer, and the Executive devotes his time, attention, skill and efforts to the performance of
duties on behalf of First Charter as described in his Amended and Restated Employment Agreement
with First Charter dated November 2, 2007 (the “Employment Agreement”). In consideration of
services rendered on behalf of First Charter and as an inducement for ongoing valuable services
until retirement, First Charter agreed to provide a deferred compensation benefit to the Executive.
First Charter and the Executive first entered into a Supplemental Agreement to provide that
benefit effective December 19, 2001, and now agree to amend and restate the Supplemental Agreement,
as permitted under its terms.

     In consideration of the Supplemental Agreement and mutual promises hereinafter contained, the
parties hereto agree to the following Amended and Restated Supplemental Agreement:

ARTICLE I — DEFINITIONS

     The following definitions shall govern this Supplemental Agreement:

     1.1 “Beneficiary” means the person designated in writing by the Executive to receive any
benefits due the Executive upon his death. If no such designation is made or if the designated
person is not living at the death of the Executive, the Beneficiary shall be the Executive’s
spouse, if living; otherwise, the Beneficiary shall be his estate.

     1.2 “Benefit” means the benefit that will be available to the Executive as described in
Article III.

     1.3 “Benefit Distribution Date” means the first day of the first month beginning on or after
the date the Executive has attained age 65 and terminated employment with First Charter.

     1.4 “Board of Directors’ means the board of directors of First Charter.

     1.5 “Disabled” means any of (a), (b), or (c) below:

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          (a) The Executive’s inability 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 12 months, or entitlement to and
receipt of disability benefits under a disability insurance program that pays benefits on the basis
of the foregoing definition;

          (b) The Executive is, by reason of a 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 12 months, receiving either (1) income replacement benefits for a period of not less than
3 months under an accident and health plan covering employees of the Executive ‘s employer or (2)
disability benefits under a disability insurance program that pays benefits on the basis of the
foregoing definition; or

          (c) The Executive is determined to be totally disabled by the Social Security Administration.

     The Board of Directors, in its sole discretion, shall determine if the Executive is Disabled
upon certification thereof by a qualified physician selected by the Board of Directors after such
physician examines the Executive.

     1.6 “Distribution Event” means an event upon which the Executive may become entitled to
receive his Benefit as described in Article IV.

     1.7 “First Charter” means First Charter Corporation.

ARTICLE II  — VESTING

     The Executive became 50% vested in his Benefit on January 1, 2006. On each January 1
thereafter on which the Executive has continued to be an employee of First Charter, Executive
became and will continue to become vested in an additional 10% of his Benefit. The Executive shall
vest in 100% of his Benefit on January 1, 2011 if he remains an employee of First Charter through
such date, subject all times to the forfeiture provisions of Article VI.

     Furthermore, the Executive shall become 100% vested in his Benefit before January 1, 2011 if
(i) he dies, (ii) he becomes Disabled or (iii) First Charter has a Change in Control (as such is
defined in the Employment Agreement).

ARTICLE III — AMOUNT OF THE BENEFIT

     3.1 Following a Distribution Event, the Executive, if fully vested, shall receive a monthly
benefit payment in the form of 120 monthly installments of $10,041.67 each, with a total of
payments of $1,205,000 (the “Benefit”).

     3.2 Following a Distribution Event, the Executive, if not fully vested, shall receive a
reduced monthly benefit payment in the form of 120 monthly installments. The amount of the monthly
benefit payment is determined by the percent vested as indicated on the following table:

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	 	 	 	 	Monthly Benefit	 	 
	Vesting Adjustment	 	 	 	Payment to	 	 
	Date	 	Percent Vested	 	Executive	 	Total of Payments
	1/01/06
	 	50%	 	$5,020.83	 	$602,500
	1/01/07
	 	60%	 	$6,025.00	 	$723,000
	1/01/08
	 	70%	 	$7,029.17	 	$843,500
	1/01/09
	 	80%	 	$8,033.33	 	$964,000
	1/01/10
	 	90%	 	$9,037.50	 	$1,084,500
	1/01/11
	 	100%	 	$10,541.67	 	$1,205,000

ARTICLE IV — DISTRIBUTION EVENTS

     The Benefit shall be paid to the Executive or the Executive’s Beneficiary upon the following
events:

	 	•	 	If the Executive’s employment is terminated on or after the Benefit Distribution
Date, the Executive shall be entitled to payment of Ten Thousand Forty-One Dollars
and 67 Cents ($10,041.67) per month for 120 monthly installments. Payment will
begin as soon as practicable following the Executive’s termination of employment
and in all events within ninety (90) days of such termination.
	 
	 	•	 	If the Executive’s employment is terminated by reason of his death or if the
Executive’s death occurs after a Distribution Event but before full payment of the
Benefit has been made to the Executive, the Beneficiary shall be entitled to the
continuation of monthly installments of Ten Thousand Forty-One Dollars and 67 Cents
($10,041.67) per month, so that a total of 120 such installments are paid to the
Executive and the Executive’s Beneficiary. Payment to the Beneficiary will begin
(or continue to the Beneficiary) as soon as practicable following the Executive’s
death and in all events within ninety (90) days of such death.
	 
	 	•	 	If the Executive becomes Disabled before reaching his Benefit Distribution Date
and while in the employ of First Charter, the Executive shall be entitled to
payment of Ten Thousand Forty-One Dollars and 67 Cents ($10,041.67) per month for
120 monthly installments. Payment will begin as soon as practicable following the
date the Executive becomes Disabled and in all events within ninety (90) days of
such event.
	 
	 	•	 	If the Executive’s employment is terminated before the Executive attains his
Benefit Distribution Date for any reason other than the Executive’s death or
becoming Disabled, the Executive shall be entitled to payment of the vested portion
of the Benefit in 120 equal monthly installments in the amount indicated in Section
3.2. Payment will begin as soon as practicable following the date the Executive’s
termination of employment and in all events within ninety (90) days of such
termination and in all events within ninety (90) days of such event.

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ARTICLE V — PAYMENT OF BENEFIT

     5.1 Form of Payment. As stated in Article IV, the Executive will receive his Benefit
in 120 equal monthly installments in the applicable amount indicated in Article III. All monthly
benefit installments will be paid in cash.

     5.2 Alternate Recipients. If, in the sole opinion of First Charter, the Executive or
Beneficiary is physically or mentally incapacitated to properly receive such payments, First
Charter may make (or cause to be made) payments to any member of the family of the Executive or
Beneficiary, or for the use and benefit of the Executive or Beneficiary, or to any person or
institution providing care for the Executive or Beneficiary. All payments so made shall fully
discharge and acquit First Charter of its obligation to provide the Benefit to the amounts thereof.

     5.3 Withholding for Taxes. First Charter (or its paying agent, if payments are made
by an insurance company or other provider under an annuity) shall withhold from any benefits
payable under this Supplemental Agreement all federal, state, city, or other taxes, or qualified
domestic relations order or divorce decree as shall be required pursuant to any law, government
regulation or ruling, or court order.

ARTICLE VI — FORFEITURE OF BENEFIT

     Rights to any unvested payments of the Executive’s Benefit pursuant to this Supplemental
Agreement shall be immediately forfeited if the Executive engages in any act that results in the
Executive’s Termination for Cause (as defined in the Employment Agreement) or the breach of any
covenant in the Employment Agreement.

ARTICLE VII — STATUS OF BENEFIT

     7.1 Accrual of Benefit. First Charter may use any reasonable accounting policy in
accruing the Benefit, and shall accrue the Benefit on its books on a monthly basis. The amount
accrued shall be segregated from other accounts on the books and records of First Charter as a
contingent liability of First Charter to the Executive.

     7.2 General Creditor. The Executive shall be regarded as a general creditor of First
Charter with respect to any rights derived by the Executive from the existence of this Supplemental
Agreement or the existence or amount of the liability. Title to and beneficial ownership of any
assets, whether cash, investments, life insurance policies, or other assets that First Charter may
intend to use as a source of payment, shall at all times remain with First Charter. The Executive
and his Beneficiary shall not have any property interest whatsoever in any specific assets of First
Charter.

     7.3 Liability of First Charter. Nothing in this Supplemental Agreement shall
constitute the creation of a trust or other fiduciary relationship between First Charter and the
Executive or between First Charter and the Beneficiary or any other person. First Charter shall
not be considered a trustee by reason of this Supplemental Agreement.

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ARTICLE VIII — CLAIMS AND REVIEW PROCEDURE

     In the event that any claim for benefits that must initially be submitted in writing to the
Board of Directors, is denied (in whole or in part) hereunder, the claimant shall receive from
First Charter a notice of denial in writing within 60 days, written in a manner calculated to be
understood by the claimant, setting forth the specific reasons for denial, with specific reference
to pertinent provisions of this Supplemental Agreement.

     Any disagreements about such interpretations and construction shall be submitted to an
arbitrator subject to the rules and procedures established by the American Arbitration Association.
The arbitrator shall be acceptable to both First Charter and the Executive (or Beneficiary); if
the parties cannot agree on a single arbitrator, the disagreement shall be heard by a panel of
three arbitrators, with each party to appoint one arbitrator and the third to be chosen by the
other two.

     No member of the Board of Directors shall be liable to any person for any action taken under
Article VIII except those actions undertaken with lack of good faith.

ARTICLE IX — THE SUPPLEMENTAL AGREEMENT

     9.1 Assignment. Except for the designation of the Beneficiary by the Executive, no
rights under this Supplemental Agreement may be assigned, transferred, pledged or encumbered by the
Executive or the Beneficiary except by will or by North Carolina interstate laws or other laws of
descent and distribution. This Supplemental Agreement may be assigned by First Charter only (i) if
First Charter or substantially all of its assets are purchased by another entity or are merged into
the assets of another entity, and such entity specifically assumes First Charter’s obligations
thereunder, or (ii) with the prior written consent of the Executive.

     9.2 Supplemental Agreement Binding. This Supplemental Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective next of kin, successors,
assigns, heirs, personal representatives, executors, administrators, and legatees. First Charter
shall not merge or consolidate with any other entity or reorganize unless and until such succeeding
and continuing entity agrees to assume and discharge the obligations of First Charter under this
Supplemental Agreement. Upon such assumption, the term First Charter as used in this Supplemental
Agreement shall be deemed to refer to such successor to First Charter. The Board of Directors, at
its sole discretion, reserves the right to amend, revise, or terminate this Supplemental Agreement
with respect to future benefits only, but the Executive’s consent must be obtained for all other
amendments or revisions.

     9.3 Entire Agreement. This document constitutes the entire understanding between the
parties as to the provision of supplemental retirement benefits hereunder by First Charter to the
Executive. This Amended and Restated Supplemental Agreement supersedes the Supplemental Agreement
that was entered into between the parties effective December 19, 2001, and may only be modified,
altered, or amended by prior written approval and consent of Executive and First Charter with
respect to Executive’s right to or the payment of vested Benefits.

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ARTICLE X — MISCELLANEOUS

     10.1 No Guarantee of Employment. Nothing in this Supplemental Agreement shall be
construed as guaranteeing future employment to the Executive. The Executive continues to be an
employee of First Charter subject to the Employment Agreement.

     10.2 Not “Compensation” for Other Purposes. Any deferred compensation payable under
this Supplemental Agreement (or the actuarial or the net present value of any such payments) shall
not be deemed salary or other compensation to the Executive for purposes of any qualified
retirement plans maintained by First Charter, any incentive bonus plans, or for purposes of any
other fringe benefit obligations of First Charter.

     10.3 Governing Law. This Supplemental Agreement shall be construed in accordance with
and governed by the laws of the State of North Carolina, except to the extent such laws are
preempted by federal laws and regulations.

     10.4 Plan to Comply with Code Section 409A.

          (a) This Supplemental Agreement is intended to comply with section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”) and the guidance issued thereunder to the extent that
such section is applicable. Accordingly, notwithstanding any other provision of the Plan, the
Board of Directors may amend this Supplemental Agreement at any time to the extent required to
comply with Code section 409A and the guidance issued thereunder or to ensure that any portion, or
all, of the compensation provided under this Supplemental Agreement will not be subject to section
409A, as the Board of Directors may determine to be necessary or appropriate.

          (b) Each provision of this Supplemental Agreement that involves the deferral of compensation
that is subject to Code section 409A shall be interpreted in a manner that complies with such
section, and each provision that conflicts with such requirements shall be neither valid nor
enforceable. This Supplemental Agreement may not be amended in any way to accelerate the payment
of any amounts credited to the Executive’s Benefit as of the effective date of such amendment,
except as may be permitted by Code section 409A and the guidance issued thereunder.

          (c) Notwithstanding any provision of this Supplemental Agreement, the Board of Directors may
terminate this Supplemental Agreement at any time under any circumstances permitted by section 409A
(and the guidance issued thereunder) and, if the Board of Directors so desires, cause the Benefit
(or the remaining, unpaid portion thereof) to be paid out in lump sum payments in cash as soon as
practicable following such termination.

          (d) First Charter and the Executive further acknowledge that if the Executive is determined to
be a “specified employee” as such term is defined in section 409A of the Code on the termination of
the Executive’s employment, that certain payments to the Executive under this Agreement may be
required to be postponed to comply with section 409A. Thus, the parties

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agree that, in such event, any payments that are so postponed will be paid to the Executive,
without interest, on the first day of the calendar month following
the end of the required postponement period.

          (e) Executive acknowledges that any tax, interest and/or penalty resulting from non-compliance
with section 409A of the Code is his responsibility and not that of First Charter or any successor.

     IN WITNESS WHEREOF, the Parties have entered into this amended and restated Supplemental
Agreement as of the 2nd day of November, 2007.

	 	 	 	 	 	 	 
	 	 	FIRST CHARTER CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Josephine P. Sawyer
 

	 	 
	 	 	Name: Josephine P. Sawyer	 	 
	 	 	Title: Executive Vice President Human Resources	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Stephen M. Rownd	 	 
	 	 	 	 	 
	 	 	Stephen M. Rownd
	 	 
	 	 	Executive Vice President and
	 	 
	 	 	Chief Banking Officer	 	 

7EX-10.12 SEPARATION AGREEMENT AND GENERAL RELEASE

 

Exhibit 10.12

SEPARATION AGREEMENT AND GENERAL RELEASE

     THIS SEPARATION AGREEMENT AND GENERAL RELEASE (“Agreement”) is made and entered into by and
among Mark D. Linch (“Employee”) and LODGIAN, INC. (“Lodgian” or “Company”) and any of its former
or current employees, managers, supervisors, attorneys, agents, officers, directors, and
affiliates, including parent companies, subsidiaries, employee benefits plans, and divisions
(collectively, the “Releasees”).

W I T N E S S E T H

     WHEREAS, Employee and the Releasees want to settle fully and finally all differences and
potential disputes between them arising out of Employee’s employment or termination of employment
on August 22, 2007, with the Releasees (the “Separation Date”);

     WHEREAS, Employee and the Company previously entered into an “Amended and Restated Executive
Employment Agreement” (the “Employment Agreement”) dated March 29, 2007, which requires Employee to
enter into this Agreement in order to receive certain separation benefits;

     NOW, THEREFORE, in consideration of the premises and mutual promises herein contained, it is
agreed as follows:

     1. Denial of Liability or Wrongful Conduct.

     This Agreement shall not in any way be construed as an admission by the Releasees that they
have acted wrongfully with respect to Employee or any other person, or that Employee has any rights
whatsoever against the Releasees. The Releasees specifically disclaim and deny any liability to,
or wrongful acts against, Employee or any other person, on the part of themselves, their employees
or their agents.

     2. No Pending Claims.

     Employee represents that he has not filed, nor assigned to others the right to file, nor are
there pending any complaints, charges or lawsuits against the Releasees with any governmental
agency or any court, and that he will not file any claims against the Releasees with any
governmental agency or any court at any time hereafter for actions taken up to and including the
date on which this Agreement becomes effective arising out of Employee’s employment or termination
of employment by Releasees.

     3. Consideration.

     Provided the Employee satisfies the conditions of this Agreement (including returning all
Company property as provided in Paragraph 9 below, and complying with all restrictive covenants of
the Employment Agreement) and does not revoke this Agreement, the Company will:

 

 

	 	a.	 	Make lump-sum payment equal to 50% of Employee’s base salary in the
total amount of $112,500, plus an additional sum of $37,501.50 (together, the “Lump
Sum Payment”) less applicable withholdings and deductions; the Company shall also
be entitled, and Employee hereby authorizes the Company to off-set any amounts owed
by Employee to the Company from the Lump Sum Payment. The Lump Sum payment shall
be paid no later than thirty (30) days following the expiration of any applicable
revocation period.
	 
	 	b.	 	The Company shall pay 100% of the Employee’s and his eligible
dependents’ health care coverage under COBRA, for a period six (6)
months. If the Employee obtains other healthcare coverage during this six (6)
month period, the Employee will notify the Company in writing and the Company will
discontinue these COBRA payments.
	 
	 	 	 	Because the Employee is no longer employed, the Employee’s rights to any particular
employee benefit will be governed by applicable law and the terms and provisions of
the Company’s various employee benefit plans and arrangements. The Employee’s
Separation Date will be the date use in determining benefits under all Company
employee benefit plans.
	 
	 	c.	 	Pay the Employee’s accrued, but unused vacation as of the employment
termination date, less applicable withholdings and deductions. The Company and the
Employee agree that the Employee has 136 hours of accrued, but unused vacation,
which entitles the Employee to a cash payment of $ 14,711.12.
	 
	 	d.	 	Not contest any claim by Employee for unemployment compensation related
to Employee’s separation from employment with the Company.
	 
	 	e.	 	Pay Employee’s actual business expenses incurred as part of the
ordinary course of employment with the Company within 15 days after receipt of
proper documentation.
	 
	 	f.	 	The Company agrees that Section 7 of the Employment Agreement shall
survive such that Employee will be entitled to the payments and other benefits
provided for in said Section 7 of the Employment Agreement if a Change in Control,
as defined in Exhibit A of the Employment Agreement, shall occur on or before
October 20, 2007. Employee acknowledges that the right to receive any payments or
other benefits as provided for in Section 7 of the Employment Agreement shall cease
and the Company shall have no further obligation with regard to said provision
after October 20, 2007.

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     In addition to the foregoing, provided that Employee satisfies the conditions of this
Agreement (including returning all Company property as provided in Paragraph 9 below, and complying
with all restrictive covenants of the Separation Pay Agreement) and does not revoke this Agreement,
the Company and Employee acknowledge and agree that, notwithstanding anything to the contrary in
any applicable documents evidencing a grant of an award under the Lodgian, Inc. 2002 Stock
Incentive Plan or any similar plan, any awards of options to purchase Company stock held by
Employee shall be immediately exercisable in full, and all vesting restrictions upon any restricted
stock held by Employee shall lapse.

     4. General Release.

     As a material inducement to Employee to enter into this Agreement, Employee hereby irrevocably
and unconditionally releases, acquits, and forever discharges Releasees from any and all charges,
complaints, claims, liabilities, obligations, promises, agreements, controversies, damages,
actions, causes of action, suits, rights, demands, costs, losses, debts and expenses (including
attorneys’ fees and costs actually incurred) of any nature whatsoever, known or unknown, suspected
or unsuspected, including, but not limited to, any claims for compensatory damages, special
damages, punitive damages, or any other form of compensation from the Releasees or any of them, any
covenant of good faith and fair dealing, or any tort, or any federal, state, or other governmental
statute, regulation, or ordinance, including, without limitation (1) O.C.G.A. § 13-6-11; (2)
O.C.G.A. § 13-1-11; (3) breach of any covenant of good faith and fair dealing; (4) breach of an
express or implied contract; (5) violation of any other legal or contractual duty arising under the
laws of the State of Georgia, the laws of any other state, or the laws of the United States; (6)
Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e, et seq.;
42 U.S.C. § 1981; Executive Order 11246, 30 Fed. Reg. 12319; 42 U.S.C. § 1985(3); the
Rehabilitation Act of 1973, as amended, 29 U.S.C. § 701, et seq.; the Age
Discrimination in Employment Act, 29 U.S.C. § 621, et seq., as amended by the Older
Workers Benefit Protection Act, P.L. 101-433; the Americans with Disabilities Act, 42 U.S.C. §
12101, et seq.; the Family and Medical Leave Act, 29 U.S.C. § 2601, et
seq.; the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. § 1001,
et seq.; the Fair Labor Standards
Act, 29 U.S.C. § 201, et seq.; the Worker Adjustment and Retraining Notification
Act, 29 U.S.C. § 2102, et seq.; and the Sarbanes-Oxley Act of 2002, 18 U.S.C.
§ 1514A, et seq., which Employee now has, owns or holds, or claims to have, own or
hold, which Employee at any time heretofore had, owned or held, or claimed to have, against each or
any of the Releasees arising out of Employee’s employment, termination from employment by Releasees
and/or his/her claim of age discrimination.

     5. Compliance with Age Discrimination Laws.

     Employee hereby acknowledges and agrees that this Agreement and all actions taken in
connection therewith are in compliance with the ADEA and the Older Workers Benefits Protection Act
(“these Acts”) and that the release set forth in Paragraph 4 hereof shall be applicable, without
limitation, to any claims brought under these Acts. The Releasees and Employee further acknowledge
and agree that:

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	 	(a)	 	the release given by Employee in this Agreement is given solely in exchange for
one-half of the total consideration set forth in Paragraph 3 of this Agreement and such
consideration is in addition to anything of value to which Employee was entitled prior
to entering into this Agreement;
	 
	 	(b)	 	by entering into this Agreement, Employee does not waive rights or claims that
may arise after the date this Agreement is executed;
	 
	 	(c)	 	Employee has been advised to consult an attorney of the Employee’s choosing and
at the Employee’s expense prior to entering into this Agreement and acknowledges that
this provision of this Agreement satisfies the requirement of the Older Workers
Benefits Protection Act (including Exhibit A attached);
	 
	 	(d)	 	Employee has had proffered a period of at least forty-five (45) calendar days
from receipt of this Settlement Agreement within which to consider this Agreement;
	 
	 	(e)	 	Employee agrees that to the extent s/he chooses not to wait forty-five (45)
calendar days to execute this Agreement, it is because he freely and unilaterally
chooses to execute the Agreement before that time; and
	 
	 	(f)	 	for a period of seven (7) calendar days following execution of this Agreement,
Employee or the Company may revoke this Agreement by producing written notice to the
other party; this Agreement shall not become effective or enforceable until such seven
(7) calendar day period has expired.
	 
	 	(g)	 	If Employee revokes his acceptance, such revocation will be effective only as
to Employee’s release of any ADEA claims he may have. In the event of revocation,
Employee agrees and understands that Company shall be entitled to an offset/reduction,
and shall not pay to Employee one-half of the consideration set forth in Paragraph 3,
above, which is the amount the parties have allocated to the release of any claims
Employee might have or assert under the ADEA.
	 
	 	(h)	 	Employee further acknowledges and agrees that Employee has been or is herein
informed by the Company in writing of (1) the class, unit, or group of individuals
covered by the exit incentive or other employment termination program in connection
with which the Company is requesting this Release (the “Program”) and (2) the
eligibility factors and applicable time limits for the Program. Employee further
acknowledges and agrees that attached to this agreement as Exhibit A is a schedule of
(1) the job titles and ages of all individuals eligible or selected for the Program and
(2) the ages of all individuals in the same job classifications or organizational units
who are not eligible or selected for the Program.

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     6. Confidentiality.

     Employee represents and agrees that he will keep the terms, amount, and facts of this
Agreement, as well as the alleged facts and events underlying the released Claims, confidential,
and that he will not hereafter disclose any information concerning this Agreement to anyone other
than his attorneys, spouse, and financial representative(s) who will be informed of and bound by
this confidentiality clause, or pursuant to a lawfully issued subpoena or court order, for a period
of five (5) years following the Separation Date. Employee shall be liable for all damages
occasioned by a breach of this confidentiality provision, including all attorneys’ fees incurred in
the enforcement of any breach.

     7. Non-Disparagement.

     Employee and Employer mutually agree agrees that neither will disparage or speak negatively
about the other or the Company’s employees or third party contractors.

     8. Return of Company Property

     Employee agrees to return to the Company all of the Company’s property, including, but not
limited to, keys, passcards, credit cards, customer lists, rolodexes, tapes, software, computer
files, marketing and sales materials, and any other record, document or piece of equipment
belonging to the Company. Employee agrees not retain any copies of the Company’s property,
including any copies existing in electronic form, which are in the Employee’s possession or
control. Employee acknowledges that he has not and will not destroy, delete, or alter any Company
property without the Company’s consent. Employee’s compliance with this Paragraph 8 is a
condition precedent to the Company’s obligation to pay Employee the consideration set forth in
Paragraph 3 hereof.

     9. Employment References.

     Employee agrees that in response to any requests for employment references from future
prospective employers of Employee, the Company will only provide dates of employment and last
position held.

     10. Modification.

     No provision of this Agreement may be changed, altered, modified or waived except in writing
signed by Employee and a senior officer of the Company, which writing shall specifically reference
this Agreement and the provisions which the parties intend to waive or modify.

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     11. Consultation with Counsel.

     Employee represents and agrees that he fully understands his right to discuss all aspects of
this Agreement with his attorneys and acknowledges that he has been given a reasonable time to
consider whether he should sign this Agreement.

     12. Attorneys’ Fees and Costs.

     In the event that any party to this Agreement commences an action, at law or in equity, to
enforce any right under any provision of this Agreement or to compel compliance with any provision
of this Agreement, Employee and the Releasees covenant and agree that the prevailing party in any
such action shall be entitled to recover all reasonable attorneys’ fees and costs incurred in
connection with such action.

     13. Entire Agreement.

     Except as expressly provided herein, this Agreement constitutes and contains the entire
agreement and final understanding concerning Employee’s relationship with the Company and the other
subject matters addressed herein between the parties, and supersedes and replaces all prior
negotiations and all other agreements, proposed or otherwise, whether written or oral, concerning
the subject matters hereof, including, without limitation, the Employment Agreement. Any
representation, promise or agreement not specifically included in this Agreement shall not be
binding upon or enforceable against either party. This Agreement constitutes an integrated
agreement. Notwithstanding the foregoing, the parties acknowledge and agree that Sections 8, 9,
10, 12, 13, 15, 17, 18 and 22 of the Employment Agreement shall survive this Agreement in
accordance with their terms, to the extent not inconsistent with any provision of this Agreement.
In addition, the parties agree that Section 7 of the Employment Agreement shall survive until
October 20, 2007.

     14. Applicable Law.

     This Agreement has been entered into in and shall be governed by and construed under the laws
of the State of Georgia, notwithstanding its provisions governing choice of law.

     15. Severability.

     The provisions of this Agreement are severable, and if any part of it is found to be
unenforceable, the other paragraphs shall remain fully valid and enforceable. This Agreement shall
survive the termination of any arrangements contained herein.

     16. Headings and Captions.

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     The headings and captions used in this Agreement are for convenience of reference only, and
shall in no way define, limit, expand or otherwise affect the meaning or construction of any
provision of this Agreement.

     17. Construction.

     In the event that an ambiguity or question of intent or interpretation arises, this Agreement
shall be construed as if drafted jointly by the parties, and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions
of this Agreement.

     EMPLOYEE ATTESTS THAT HE HAS READ THIS AGREEMENT CAREFULLY AND UNDERSTAND THAT THIS AGREEMENT
INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS ARISING OUT OF EMPLOYEE’S EMPLOYMENT AND/OR
TERMINATION FROM EMPLOYMENT WITH RELEASEES.

     IN WITNESS WHEREOF, the undersigned have executed this Agreement on the date shown below.

     Executed
this 11th day of September, 2007.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	LODGIAN, INC.	 	MARK D. LINCH	 
	 
	 	 	 	 	 	 
	By:

	 	/s/ Edward J. Rohling
	 	/s/ Mark. D. Linch	 	 
	 

	 	 
	 	 	 	 
	Name: Edward J. Rohling	 	 	 	 
	Title: President & Chief Executive Officer	 	 	 	 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}]]