Document:

Change of Control and Non-Compete Agreement with Donald P. Hileman

 Exhibit 10.13 
 CHANGE OF CONTROL AND NON-COMPETE AGREEMENT 
 THIS CHANGE OF CONTROL AND NON-COMPETE AGREEMENT (this “Agreement”) is entered into as of the 29th day of December, 2008, by and between First Defiance Financial Corp. (the “Company”),
an Ohio corporation and thrift holding company, and Donald P. Hileman, an individual (the “Employee”) 
 WITNESSETH: 
 WHEREAS, the Employee has been employed by the Company since 2007; 
 WHEREAS, as a result of the skill, knowledge and experience of the Employee, the Company believes it is in the best interest
of the Company to provide the Employee with a sense of security to encourage the Employee to remain an employee of the Company; 
 WHEREAS, the Company and the Employee desire to enter into this Agreement to set forth their understanding as to their respective rights and obligations in the event of the termination of Employee’s
employment under the circumstances set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the
premises and mutual covenants herein contained, the Company and the Employee hereby agree as follows: 
 1.
Term. The term of this Agreement shall begin on the date above and shall continue until first anniversary of the Agreement, unless sooner terminated for Just Cause, as defined in this agreement. This agreement shall be automatically renewed
for additional one year periods following the original term, at the end of each subsequent one year period, upon the same terms and conditions. 
 2. Termination of Employment. 
 (a) Termination by the
Company in Connection with a Change of Control. In the event that the employment of the Employee is terminated by the Company, or its successors or assigns, at any time during the Term for any reason other than Just Cause within six months prior
to a Change of Control (hereinafter defined) or within one year after a Change of Control, then the following shall occur: 
 (i) The Company shall promptly pay to the Employee or to his beneficiaries, dependents or estate an amount equal to the Employee’s annual base salary as most recently set prior to the occurrence of
the Change of Control; 
 (ii) The Company shall pay the premiums required to maintain coverage
for the Employee and his eligible dependents under the health insurance plan of the Employer in which the Employee is a participant immediately prior to the Change of Control of the Company in accordance with the Consolidated

 
Omnibus Budget Reconciliation Act of 1985, as amended, until the earliest of (A) the first anniversary of the termination of the Employee’s employment or (B) the date on which the
Employee is included in another employer’s comparable health insurance plan as a full-time employee; and 
 (iii) The Employee shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor shall any amounts received from other employment
or otherwise by the Employee offset in any manner the obligations of the Company hereunder, except as specifically stated in clause (ii) above. 
 For purposes of this Agreement, the term “Just Cause” means the Employee’s dishonesty in connection with employment, gross incompetence, willful misconduct, breach of fiduciary duty
involving personal profit, intentional failure or refusal to perform the duties and responsibilities assigned to the Employee, willful violation of any law, rule, regulation (other than traffic violations or similar offenses) or final
cease-and-desist order, or conviction of a felony or for fraud or embezzlement. 
 (b) Termination by the
Employee in Connection with a Change of Control. The Employee may voluntarily terminate the Employee’s employment pursuant to this Agreement within twelve months following a Change of Control and shall be entitled to compensation as set
forth in Section 2(a) of this Agreement in the event that: 
 (i) The capacity or
circumstances in which the Employee was employed immediately prior to the Change of Control are materially and adversely changed, in the reasonable opinion of the Employee (including, without limitation, a reduction in position, responsibilities,
authority, or reporting obligations the assignment of duties or responsibilities substantially inconsistent with those normally associated with the position held by the Employee immediately prior to the occurrence of the Change of Control, or a
reduction in salary); 
 (ii) The Employee is required to move his personal residence, or perform
the Employee’s principal duties, more than thirty-five (35) miles from the Employee’s primary office immediately prior to the occurrence of the Change of Control; or 
 (iii) The Company otherwise breaches this Agreement in any material respect. 
 In the event that payments pursuant to this Agreement, or any other payments are made by the Company to the Employee which
would constitute a “parachute payment” within the meaning of Section 280G(b)(3) of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (“Section 280G”), or would result in the imposition
of a penalty tax pursuant to Section 280G, such payments shall be reduced to the maximum amount

 
which may be paid under Section 280G without exceeding such limits. In the event a reduction in payments is necessary in order to comply with the requirements of this Agreement relating to
the limitations of Section 280G or applicable OTS limits, the Employee may determine, in his sole discretion, which categories of payments are to be reduced or eliminated. 
 (c) Death of the Employee. This Agreement shall automatically terminate upon the death of the Employee. 
 (d) “Golden Parachute” Provision. Any payments made to the Employee pursuant to this Agreement or otherwise
are subject to and conditioned upon compliance with 12 U.S.C. §1828(k) and any regulations promulgated thereunder. 
 (e) Definition of “Change of Control”. A “Change of Control” shall mean any one of the following events: (i) the acquisition by any person of ownership or power to vote
more than 25% of the voting stock of the Company (ii) the acquisition by any person of the ability to control the election of a majority of the directors of the Company; (iii) during any period of two consecutive years, individuals who at
the beginning of such period constitute the Board of Directors of the Company cease for any reason to constitute at least a majority thereof; provided, however, that any individual whose election or nomination for election as a member of the Board
of Directors of the Company was approved by a vote of at least two-thirds of the directors then in office shall be considered to have continued to be a member of the Board of Directors of the Company or (iv) the acquisition by any person or
entity of “conclusive control” of the Company within the meaning of 12 C.F.R. §574.4(a), or the acquisition by any person or entity of “rebuttable control” within the meaning of 12 C.F.R. §574.4(b) that has not been
rebutted in accordance with 12 C.F.R. §574.4(c). For purposes of this paragraph, the term “person” refers to an individual or corporation, partnership, trust, association, or other organization, but does not include the Employee and
any person or persons with whom the Employee is “acting in concert” within the meaning of 12 C.F.R. Part 574. Notwithstanding the foregoing, a reorganization or restructuring which results in the Company or any subsidiary of the Company
continuing to hold at least 50% of the ownership interests of the Company shall not constitute a Change of Control for purposes of this Agreement. 
 3. Confidential Information. The Employee acknowledges that the Employee has learned and has access to confidential information regarding the Company and its customers and businesses. The Employee
agrees and covenants not to disclose or use for the Employee’s own benefit, or the benefit of any other person or entity, any confidential information, unless or until the Company consents to such disclosure or use or such information becomes
common knowledge in the industry or is otherwise legally in the public domain. The Employee shall not knowingly disclose or reveal to any unauthorized person any confidential information relating to the Company, its parent, subsidiaries or
affiliates, or to any of the businesses operated by them, and the Employee confirms that such information constitutes the exclusive property of the Company. The Employee shall not otherwise knowingly act (a) to the material detriment of the
Company, its subsidiaries, or affiliates, or (b) in a manner which is inimical or contrary to the interests of the Company. 

 4. Nonassignability. Neither this Agreement nor any right or interest
hereunder shall be assignable by the Employee, the Employee’s beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 4 shall preclude (a) the Employee
from designating a beneficiary to receive any benefits which were payable hereunder prior to the Employee’s death, or (b) the executors, administrators, or other legal representatives of the Employee or the Employee’s estate from
assigning any rights hereunder to the person or persons entitled thereto. 
 5. Non-compete Provisions.
If the Employee terminates his employment with the Company for any reason other than in accordance with Section 2(b) of this Agreement, the Employee agrees that, for a period of 12 months following the termination of the Employee’s
employment, the Employee shall not (i) either as principal, agent, owner, shareholder or investor of more than 3% of the stock, officer, director, partner, lender, independent contractor, consultant or in any other capacity, engage in, have a
financial interest in or be in any way connected or affiliated with, or render advice or services to, any person or entity that engages in any activity which would compete in any way with the business operated by the Company in the counties where
they do business, or (ii) directly or indirectly, solicit, divert, take away or interfere with, or attempt to solicit, divert, take away or interfere with, the relationship of the Company or any of their subsidiaries with any person or entity
who is or was a customer, or employee or supplier of the Company or any of their subsidiaries immediately prior to the date of termination. Notwithstanding the foregoing, nothing contained herein shall prevent the Employee from engaging directly or
indirectly in any banking or financial industry business in a county or counties in which the Company is doing business if the only activity conducted in such county or counties is the servicing of loans. 
 The parties hereto acknowledge and agree that the duration and area for which the covenant not to compete and other
covenants set forth in this Agreement are to be effective are fair and reasonable and are reasonably required for the protection of the Companies. In the event that any court determines that the time period or the area, or both of them, are
unreasonable as to any covenant and that such covenant is to that extent unenforceable, the parties hereto agree that the covenant shall remain in full force and effect for the greatest time period and in the greatest area that would not render it
unenforceable. 
 6. No Attachment. Except as required by law, no right to receive payment under this
Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation or to execution, attachment, levy, or similar process of assignment by operation of law, and any attempt, voluntary
or involuntary, to effect any such action shall be null, void and of no effect. 
 7. Binding Agreement.
This Agreement shall be binding upon, and inure to the benefit of, the Employee and the Company and their respective permitted successors and assigns. 
 8. Amendment of Agreement. This Agreement may not be modified or amended, except by an instrument in writing signed by the parties hereto. 

 9. Waiver. No term or condition of this Agreement shall be deemed to
have been waived, nor shall there be an estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver,
unless specifically stated therein, and each waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than the act specifically waived.

 10. Severability. If, for any reason, any provision of this Agreement is held invalid, such invalidity
shall not affect the other provisions of this Agreement not held so invalid, and each such other provision shall, to the full extent consistent with applicable law, continue in full force and effect. 
 11. Headings. The headings of the paragraphs herein are included solely for convenience of reference and shall not
control the meaning or interpretation of any of the provisions of this Agreement. 
 12. Governing Law;
Regulatory Authority. This Agreement has been executed and delivered in the State of Ohio and its validity, interpretation, performance and enforcement shall be governed by the laws of the State of Ohio, except to the extent that federal law is
governing. If this Agreement conflicts with any applicable federal law as now or hereafter in effect, then federal law shall govern. 
 13. Effect of Prior Agreements. This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Company or any predecessor of
the Company and the Employee. 
 14. Notices. Any notice or other communication required or permitted
pursuant to this Agreement shall be deemed delivered if such notice or communication is in writing and is delivered personally or by facsimile transmission or is deposited in the United States mail, postage prepaid, addressed as follows: 

If to the Company: 
 First Defiance Financial Corp. 
 601 Clinton St. 
 Defiance, OH 43512 
 If to the Employee: 
 Donald P. Hileman 
 1880
Langlan Dr. 
 Defiance, OH 43512 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by
its duly authorized officer, and the Employee has signed this Agreement, each as of the day and year first above written. 
  

									
	 Attest:
	 		 	 FIRST DEFIANCE FINANCIAL CORP.

				
	 /s/ Danielle Norden
	 		 	 By
	 	 /s/ William J. Small

		 		 		 		 	 William J. Small

		 		 		 		 	 Chairman of the Board of Directors

				
		 		 		 	 EMPLOYEE

			
		 		 	 /s/ Donald P. Hileman

		 		 		 	 Donald P. HilemanForm of 4.40% Notes due 2020

 Exhibit 4.1 
  
 Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede &
Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
 This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of a Depositary or a nominee thereof. This Security may not be transferred
to, or registered or exchanged for Securities registered in the name of, any Person other than the Depositary or a nominee thereof and no such transfer may be registered, except in the limited circumstances described in the Indenture. Every Security
authenticated and delivered upon registration of transfer of, in exchange for, or in lieu of, this Security shall be a Global Security subject to the foregoing, except in such limited circumstances. 
 RAYTHEON COMPANY 
 4.40% Note Due 2020 
 No. 1 
 $500,000,000 
 CUSIP No. 755111 BR1 
 Raytheon Company, a corporation duly organized and existing under the laws of the State of Delaware (herein called the
“Company” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of Five Hundred Million
Dollars ($500,000,000) on February 15, 2020 and to pay interest thereon from November 19, 2009 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on February 15 and
August 15 in each year, commencing August 15, 2010 at the rate of 4.40% per annum, until the principal hereof is paid or made available for payment and (to the extent that the payment of such interest shall be legally enforceable) at
the rate of 4.40% per annum on any overdue principal and premium and on any overdue installment of interest. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be
paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the February 1 or August 1 (whether or not a
Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the
Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business

 
on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior
to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such
exchange, all as more fully provided in said Indenture. 
 Payment of the principal of (and premium, if any) and interest on
this Security will be made at the office or agency of the Company maintained for that purpose in New York, New York, in such coin or currency of the Unites States of America as at the time of payment is legal tender for payment of public and private
debts; provided, however, that, at the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

 2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

RAYTHEON COMPANY 
 By:  /s/    Richard A. Goglia                  
         Richard A. Goglia 
         Vice President and Treasurer 
 Attest: 
 /s/    Brooke
Bartleson                        
 Brooke Bartleson 
 Assistant Secretary 
  

 3 

 This is one of Raytheon Company’s 4.40% Notes Due 2020 designated pursuant to the
within-mentioned Indenture. 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 
 As Trustee 
 Dated: November 19, 2009 
 By:  /s/    Vaneta
Bernard                      
         Authorized Signatory 
         Vaneta Bernard 
         Vice President 
  

 4 

 Reverse of Note 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and
to be issued in one or more series under an Indenture, dated as of July 3, 1995 (herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (herein called the
“Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties
and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to $500,000,000. 
 The Securities of this series will be redeemable as a whole
at any time or in part from time to time, at the option of the Company, at a redemption price equal to the greater of (i) 100% of the principal amount of such notes being redeemed, and (ii) the sum of the present values of the remaining
scheduled payments of principal and interest thereon from the redemption date to February 15, 2020, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus
20 basis points, plus, in either case, any interest accrued but not paid to the date of redemption. 
 Notice of any redemption
will be mailed at least 30 days but no more than 60 days before the redemption date to each holder of Securities to be redeemed. 
 Unless the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Securities or portions thereof called for redemption. 
 In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed
portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 All terms used in this Security
which are defined in the Indenture shall have the meanings assigned to them in the Indenture. Set forth below are defined terms used herein: 
 “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Securities
to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Trustee after consultation
with the Company. 
  

 5 

 “Comparable Treasury Price” means, with respect to any redemption date for
the Securities, (i) the average of three Reference Treasury Dealer Quotations for such redemption date, or (ii) if the Trustee obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such quotations.

 “Reference Treasury Dealer” means each of J.P. Morgan Securities Inc., Banc of America Securities LLC and
one additional Primary Treasury Dealer. If any Reference Treasury Dealer ceases to be a primary U. S. Government Securities dealer in New York City (each, a “Primary Treasury Dealer”) the Company shall substitute therefor another
Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by
such Reference Treasury Dealer at 5:00 p.m. on the third Business Day preceding such redemption date. 
 “Treasury
Rate” means, with respect to any redemption date for the Securities, (i) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release
designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant
maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the Maturity Date, yields for the two published maturities
most closely corresponding to the Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month) or (ii) if such release (or
any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield maturity of the Comparable Treasury Issue, calculated using a price
for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. The Treasury Rate shall be calculated on the third business day preceding the redemption date.

 The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness evidenced by this Security
and (b) certain restrictive covenants, in each case upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Security. 
 If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this
series may be declared due and payable in the manner and with the effect provided in the Indenture. 
  

 6 

 The Indenture permits, with certain exceptions as therein provided, the amendment thereof
and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a
majority in principal amount of the Securities at the time Outstanding of all series to be affected (voting as a single class). The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the
Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 No reference herein
to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, and any premium and interest on, this Security at the times,
place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any
premium and interest on this Security is payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof or his attorney duly authorized
in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Securities of this series are issuable only in registered form without coupons in minimum denominations of $2,000 and any integral
multiple of $1,000 in addition thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like
tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be
made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  

 7 

 Prior to due presentment of this Security for registration of transfer the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee, nor any such
agent shall be affected by notice to the contrary. 
  
  
  

 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]