SEC Contract Filing

Filing Date: 2017-07-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>v471487_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EMPLOYMENT AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NON-COMPETITION AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Employment and Non-Competition Agreement
(this &ldquo;<B>Agreement&rdquo;</B>) is made as of the Contract Effective Date (as defined below), between First Financial Bank
and First Financial Bancorp., Ohio corporations (together, referred to herein as the &ldquo;<B>Company&rdquo;</B>), and Claude
E. Davis (<B>&ldquo;Employee&rdquo;</B>). The Company and Employee may each be referred to herein as a &ldquo;<B>Party</B>&rdquo;
and, together, the &ldquo;<B>Parties</B>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>WHEREAS, </B>the Company has entered
into an Agreement and Plan of Merger by and among the Company and MainSource Financial Group, Inc. (<B>&ldquo;MainSource&rdquo;</B>)
pursuant to which MainSource will merge with and into the Company (the &ldquo;<B>Merger</B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>WHEREAS, </B>in connection with the Merger,
the Parties desire to terminate Employee&rsquo;s prior employment agreement and enter into a new employment agreement as provided
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B>NOW, THEREFORE, </B>the Parties hereby agree as
follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employment and Termination of Prior Employment Agreement. </B>As set forth herein, following
the Effective Time of the Merger as defined in the Agreement and Plan of Merger by and among the Company and MainSource and
the consummation of the Merger (the &ldquo;<B>Consummation of the Merger</B>&rdquo;), the Company hereby agrees to continue
to employ Employee, and Employee hereby agrees to continue his employment with the Company, upon the terms and subject to the
conditions described in this Agreement. Employee and the Company by their signatures below expressly agree that the
Employment and Non-Competition Agreement dated December 30, 2011 between Employee and First Financial Bancorp (the
&ldquo;<B>Prior Employment Agreement</B>&rdquo;) shall be terminated and of no further force or effect upon and after the
Consummation of the Merger and the effectiveness of this Agreement, it being the intent of the parties that this Employment
and Non-Competition Agreement replace the Prior Employment Agreement. Employee hereby waives any and all rights in and to the
benefits and rights set forth in the Prior Employment Agreement. The Company also hereby waives any and all rights sets forth
in the Prior Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term. </B>The term of Employee's employment with the Company pursuant to this Agreement
shall begin on the first full calendar day following the Consummation of the Merger (the <B>&quot;Contract Effective
Date&quot;</B>) and shall continue for a period of three (3) years from the Contract Effective Date (the <B>&quot;Term&quot;</B>),
unless sooner terminated as provided for herein. Provided that Employee remains employed through the date that falls three
(3) years after the Contract Effective Date (the &ldquo;<B>Contract Expiration Date</B>&rdquo;), Employee agrees that he
shall voluntarily resign from his employment and from all positions with the Company effective as of the Contract Expiration
Date, except that Employee shall not be required to resign from his then-current membership on the Board of Directors for the
Company (the <B>&ldquo;Board&rdquo;</B>), under such circumstances it being the intent of the Parties that Employee remain on
the Board following the Contract Expiration Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Services</B>. During the Term, Employee shall be employed as the Executive Chairman of the
Board of Directors for the Company (the <B>&ldquo;Board&rdquo;</B>), reporting to the Board, and shall perform such services
and be responsible for such activities consistent with Employee&rsquo;s then-current position with the Company as may be
assigned to him from time to time by the Board, subject to the business policies and operating programs, budgets, procedures,
and directions established from time to time by the Company (the <B>&quot;