SEC Contract Filing

Filing Date: 2024-08-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>thff-20240731xex10d2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 10.6.125.0--><!--Created on: 8/7/2024 07:36:32 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><a name="_Hlk125465504"></a></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">EMPLOYMENT AGREEMENT</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">THIS EMPLOYMENT AGREEMENT </b><font style="font-family:'Times New Roman','Times','serif';">(the &#8220;Agreement&#8221;), entered into on the ___ day of July, 2024 and effective as of the 1</font><sup style="font-family:'Times New Roman','Times','serif';font-size:9pt;vertical-align:top;">st</sup><font style="font-family:'Times New Roman','Times','serif';"> day of July, 2024 (the &#8220;Effective Date&#8221;), by and between First Financial Bank, N.A. (the &#8220;Bank&#8221;), a national banking association organized under the laws of the United States of America, First Financial Corporation (the &#8220;Corporation&#8221;), a corporation formed under the laws of the State of Indiana and a financial holding company (jointly referred to herein as the &#8220;Company&#8221;) and Stephen P. Panagouleas (the &#8220;Employee&#8221;), a resident of the State of Indiana.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">WHEREAS</b><font style="font-family:'Times New Roman','Times','serif';">, the Employee has heretofore been employed by the Bank as its Vice President and Central Credit Administration Manager and has performed valuable services for the Bank ;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">WHEREAS, </b><font style="font-family:'Times New Roman','Times','serif';">effective July 1, 2024, the Employee will be employed by the Bank as its Senior Vice President and Chief Credit Officer and by the Corporation as its Senior Vice President and Chief Credit Officer; and</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">WHEREAS</b><font style="font-family:'Times New Roman','Times','serif';">, the Company desires to enter into this Agreement with the Employee in order to assure continuity of management and to reinforce and encourage the continued attention and dedication of the Employee to his assigned duties; and</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">WHEREAS</b><font style="font-family:'Times New Roman','Times','serif';">, the parties desire, by this writing, to set forth the continuing employment relationship between the Company and the Employee.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">NOW, THEREFORE</b><font style="font-family:'Times New Roman','Times','serif';">, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Employee and the Company agree as follows:</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;min-width:36pt;text-decoration-line:none;text-indent:0pt;white-space:nowrap;">1.</font><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Employment</u>. &#160;The Employee is employed as the Senior Vice President and Chief Credit Officer of the Bank and as the Senior Vice President and Chief Credit Officer of the Corporation. The Employee shall render such administrative and management services for the Company as are currently rendered and as are currently performed by persons situated in a similar executive capacity. &#160;The Employee shall also promote, by entertainment or otherwise, as and to the extent permitted by law, the business of the Company. &#160;The Employee&#8217;s other duties shall be such as the boards of directors of the Bank or the Corporation may, from time to time, reasonably direct, including normal duties as an officer of the Bank and the Corporation. </div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;min-width:36pt;text-decoration-l