Document:

Exhibit
10.17

 

SECOND
AMENDMENT TO THE

UNITED COMMUNITY BANK

EXECUTIVE SUPPLEMENTAL RETIREMENT INCOME AGREEMENT

FOR

JAMES KITTLE

 

THIS
SECOND AMENDMENT (the “Amendment”) is adopted this 1st day of FEBRUARY, 2012, by United Community Bank,
located in Lawrenceburg Indiana, (the “Bank”).

 

The
Bank and James Kittle (the “Executive”) are parties to a certain Executive Supplemental Retirement Income Agreement
dated April 1, 2002 and amended December 18, 2008 (collectively, the “Agreement”). The Bank now wishes to change the
terms of the benefit to be provided to the Executive in the event of Termination of Employment prior to Benefit Age.

 

Now,
therefore, the Bank amends the Agreement as follows.

 

Section
5.1(a)(1), 5.1(a)(2), 5.1(b)(1) and 5.1(b)(2) of the Agreement shall be deleted and replaced with the following:

 

(a)
Normal Form of Payment.

 

If,
at the time of Termination of Employment the Executive has not made a Timely Election to receive a lump sum benefit, this Subsection
5.1(a) shall be controlling with respect to benefits.

 

The
Retirement Income Trust Fund, measured as of the date of Termination of Employment, shall be annuitized (using the Interest
Factor) into monthly installments and shall be payable for the Payout Period. Such payments shall commence on the first day
of the month following Termination of Employment. If the Retirement Income Trust Fund assets actually earn a rate of return
during the payout period which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no
additional contributions to the Retirement Income Trust Fund shall be required from the Bank to make up any shortfall. If the
Retirement Income Trust Fund assets actually earn a rate of return during the payout period which is greater than the rate of
return used to annuitize the Retirement Income Trust Fund, the final payment to the Executive (or the Beneficiary) shall
distribute the excess attributable to the higher than expected earnings. The Executive may request to receive the unpaid
balance of the Retirement Income Trust Fund at any time during the Payout Period by giving written notice of the request to
the Administrator and the trustee. The lump sum payment of the unpaid balance shall be made within thirty (30) days following
such notice. If the Executive dies after payments have commenced but before the completion of all monthly payments due
hereunder, (i) the trustee of the Retirement Income Trust Fund shall pay the Beneficiary the monthly installments for the
balance of months remaining in the Payout Period, or (ii) the Beneficiary may request to receive the unpaid balance of the
Retirement Income Trust Fund in a lump sum payment. The Beneficiary may request to receive the unpaid balance of the
Retirement Income Trust Fund by giving written notice of the request to the Administrator and the trustee. The lump sum
payment of the unpaid balance shall be made within thirty (30) days following such notice.

 

     

     

    

 

At
the earlier of the Benefit Eligibility Date and the Executive’s death, the Executive’s Accrued Benefit Account (if applicable)
shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Benefit
payments shall commence on the earlier of the Benefit Eligibility Date or the month following the Executive’s death. In the event
the Executive dies at any time after attaining Benefit Age, but prior to commencement or completion of all the payments due and
owing hereunder, the Bank shall pay to the Beneficiary the same monthly installments as the Bank would have paid the Executive
had the Executive survived.

 

(b)
Alternative Payout Option.

 

If,
at the time of Termination of Employment the Executive has made a Timely Election to receive a lump sum benefit, this Subsection
5.1(b) shall be controlling with respect to benefits.

 

The
balance of the Retirement Income Trust Fund, measured as of the date of Termination of Employment, shall be paid to the Executive
in a lump sum within thirty (30) days following Termination of Employment.

 

The
balance of the Accrued Benefit Account (if applicable) shall be paid to the Executive, or the Beneficiary if the Executive has
died, in a lump sum on earlier of the Benefit Eligibility Date and the month following the Executive’s death.

 

IN
WITNESS WHEREOF, a duly authorized representative of the Bank has executed this Amendment as indicated below:

 

	 	Bank:
	 	 	 
	 	By:	/s/ William F. Ritzmann
	 	Its:	PRESIDENT

 

Agreed
and Acknowledged:

 

	/s/ James Kittle	 
	James KittleExhibit 10.18

 

THIRD
AMENDMENT TO THE

UNITED COMMUNITY BANK

EXECUTIVE SUPPLEMENTAL RETIREMENT INCOME AGREEMENT

FOR

E.G. MCLAUGHLIN

 

THIS
THIRD AMENDMENT (the “Amendment”) is adopted this 17th day of AUGUST, 2013, by United Community Bank, located
in Lawrenceburg, Indiana, (the “Bank”).

 

The
Bank and E.G. McLaughlin (the “Executive”) are parties to a certain Executive Supplemental Retirement Income Agreement
dated April 1, 2002 and subsequently amended two times (collectively, the “Agreement”). The Bank now wishes to change
the timing of benefit payments from the Retirement Trust Fund.

 

Now,
therefore, the Bank amends the Agreement as follows.

 

Section
1.7 of the Agreement shall be deleted and replaced with the following:

 

	1.7	“Benefit Eligibility Date” means the date
on which the Executive is entitled to receive benefits pursuant to Section III or V of this Agreement. It shall be the first day
of the month following the later Benefit Age or Termination of Employment.

 

The
first two (2) paragraphs of Section 3.1(a) of the Agreement shall be deleted and replaced with the following:

 

	3.1	(a) Normal Form
    of Payment.

 

If
(i) the Executive is employed with the Bank until reaching Benefit Age and (ii) the Executive has not made a Timely Election to
receive a lump sum benefit, this Subsection 3.1(a) shall be controlling with respect to retirement benefits.

 

The
Retirement Income Trust Fund, measured as of the date of Termination of Employment, shall be annuitized (using the Interest Factor)
into monthly installments and shall be payable for the Payout Period. Such payments shall commence on the first day of the month
following Benefit Eligibility Date. If the Retirement Income Trust Fund assets actually earn a rate of return during the payout
period which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to
the Retirement Income Trust Fund shall be required from the Bank to make up any shortfall. If the Retirement Income Trust Fund
assets actually earn a rate of return during the payout period which is greater than the rate of return used to annuitize the
Retirement Income Trust Fund, the final payment to the Executive (or the Beneficiary) shall distribute the excess attributable
to the higher than expected earnings. The Executive may request to receive the unpaid balance of the Retirement Income Trust Fund
at any time during the Payout Period by giving written notice of the request to the Administrator and the trustee.

 

     

     

    

 

The
lump sum payment of the unpaid balance shall be made within thirty (30) days following such notice. If the Executive dies after
payments have commenced but before the completion of all monthly payments due hereunder, (i) the trustee of the Retirement Income
Trust Fund shall pay the Beneficiary the monthly installments for the balance of months remaining in the Payout Period, or (ii)
the Beneficiary may request to receive the unpaid balance of the Retirement Income Trust Fund in a lump sum payment. The Beneficiary
may request to receive the unpaid balance of the Retirement Income Trust Fund by giving written notice of the request to the Administrator
and the trustee. The lump sum payment of the unpaid balance shall be made within thirty (30) days following such notice.

 

The
first two (2) paragraphs of Section 3.1(b) of the Agreement shall be deleted and replaced with the following:

 

(b)
Alternative Payout Option.

 

If
(i) the Executive is employed with the Bank until reaching Benefit Age and (ii) the Executive has made a Timely Election to receive
a lump sum benefit, this Subsection 3.1(b) shall be controlling with respect to retirement benefits.

 

The
balance of the Retirement Income Trust Fund, measured as of the date of Termination of Employment, shall be paid to the Executive
in a lump sum within thirty (30) days following Benefit Eligibility Date.

 

IN
WITNESS WHEREOF, a duly authorized representative of the Bank has executed this Amendment as indicated below:

 

	 	Bank:
	 	 	 
	 	By:	/s/ William F. Ritzmann
	 	Its:	PRESIDENT

 

Agreed
and Acknowledged:

 

	/s/Elmer G.
     McLaughlin	 
	Elmer G. McLaughlinExhibit
10.19

 

THIRD
AMENDMENT TO THE

UNITED COMMUNITY BANK

EXECUTIVE SUPPLEMENTAL RETIREMENT INCOME AGREEMENT

FOR

JAMES KITTLE

 

THIS
THIRD AMENDMENT (the “Amendment”) is adopted this 21 day of AUGUST, 2013, by United Community Bank, located in Lawrenceburg,
Indiana, (the “Bank”).

 

The
Bank and James Kittle (the “Executive”) are parties to a certain Executive Supplemental Retirement Income Agreement
dated April 1, 2002 and subsequently amended two times (collectively, the “Agreement”). The Bank now wishes to change
the timing of benefit payments from the Retirement Trust Fund.

 

Now,
therefore, the Bank amends the Agreement as follows.

 

Section
1.7 of the Agreement shall be deleted and replaced with the following:

 

	1.7	“Benefit Eligibility Date” means the date
on which the Executive is entitled to receive benefits pursuant to Section III or V of this Agreement. It shall be the first day
of the month following the later Benefit Age or Termination of Employment.

 

The
first two (2) paragraphs of Section 3.1(a) of the Agreement shall be deleted and replaced with the following:

 

	3.1	(a) Normal Form of Payment.

 

If
(i) the Executive is employed with the Bank until reaching Benefit Age and (ii) the Executive has not made a Timely Election to
receive a lump sum benefit, this Subsection 3.1(a) shall be controlling with respect to retirement benefits.

 

The
Retirement Income Trust Fund, measured as of the date of Termination of Employment, shall be annuitized (using the Interest Factor)
into monthly installments and shall be payable for the Payout Period. Such payments shall commence on the first day of the month
following Benefit Eligibility Date. If the Retirement Income Trust Fund assets actually earn a rate of return during the payout
period which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to
the Retirement Income Trust Fund shall be required from the Bank to make up any shortfall. If the Retirement Income Trust Fund
assets actually earn a rate of return during the payout period which is greater than the rate of return used to annuitize the
Retirement Income Trust Fund, the final payment to the Executive (or the Beneficiary) shall distribute the excess attributable
to the higher than expected earnings. The Executive may request to receive the unpaid balance of the Retirement Income Trust Fund
at any time during the Payout Period by giving written notice of the request to the Administrator and the trustee.

 

     

     

    

 

The
lump sum payment of the unpaid balance shall be made within thirty (30) days following such notice. If the Executive dies after
payments have commenced but before the completion of all monthly payments due hereunder, (i) the trustee of the Retirement Income
Trust Fund shall pay the Beneficiary the monthly installments for the balance of months remaining in the Payout Period, or (ii)
the Beneficiary may request to receive the unpaid balance of the Retirement Income Trust Fund in a lump sum payment. The Beneficiary
may request to receive the unpaid balance of the Retirement Income Trust Fund by giving written notice of the request to the Administrator
and the trustee. The lump sum payment of the unpaid balance shall be made within thirty (30) days following such notice.

 

The
first two (2) paragraphs of Section 3.1(b) of the Agreement shall be deleted and replaced with the following:

 

(b)
Alternative Payout Option.

 

If
(i) the Executive is employed with the Bank until reaching Benefit Age and (ii) the Executive has made a Timely Election to receive
a lump sum benefit, this Subsection 3.1(b) shall be controlling with respect to retirement benefits.

 

The
balance of the Retirement Income Trust Fund, measured as of the date of Termination of Employment, shall be paid to the Executive
in a lump sum within thirty (30) days following Benefit Eligibility Date.

 

IN
WITNESS WHEREOF, a duly authorized representative of the Bank has executed this Amendment as indicated below:

 

	 	Bank:
	 	 	 
	 	By:	/s/ William F. Ritzmann
	 	Its:	PRESIDENT

 

Agreed
and Acknowledged:

 

	/s/
    James Kittle	 
	James Kittle

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