SEC Contract Filing

Filing Date: 2025-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 10.1
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<p style="text-align: right; margin: 0"><b>EXHIBIT 10.1</b></p>

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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="text-transform: uppercase"><b>QCR HOLDINGS, Inc.</b></font></p>

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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="text-transform: uppercase"><b><u>Transitional Employment Agreement</u></b></font></p>

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<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This <font style="font-variant: small-caps"><b>Transitional
Employment Agreement </b>(</font>this &ldquo;<b>Agreement</b>&rdquo;<font style="font-variant: small-caps">) </font>is made and entered
into on February 20, 2025 (the &ldquo;<b>Agreement Date</b>&rdquo;), by and between <b>QCR Holdings, Inc.</b> <font style="font-variant: small-caps">(</font>the&#160;&ldquo;<b>Company</b><font style="font-variant: small-caps">&rdquo;)
</font>and <b>Larry J. Helling</b> <font style="font-variant: small-caps">(&ldquo;</font><b>Executive</b>,<font style="font-variant: small-caps">&rdquo;</font>
and, together with the Company, the&#160;&ldquo;<b>Parties</b>&rdquo;).</p>

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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-variant: small-caps"><b>Recitals</b></font></p>

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<p style="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</b>Executive is currently employed as Chief Executive Officer of the Company and Cedar Rapids Bank and Trust (the &ldquo;<b>Bank</b>&rdquo;),
a subsidiary of the Company, pursuant to the terms of that certain employment agreement dated November 19, 2018 (the &ldquo;<b>Prior Employment
Agreement</b>&rdquo;), by and between the Company and Executive.</p>

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<p style="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</b>The Company desires, with Executive&rsquo;s assistance, to implement a succession plan with respect to Executive&rsquo;s employment,
and Executive desires to provide such assistance.</p>

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<p style="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</b>The Company desires to continue to employ Executive pursuant to the terms of this Agreement, and Executive desires to continue to
be employed by the Company pursuant to such terms.</p>

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<p style="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>D.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</b>The Parties have made commitments to each other on a variety of important issues concerning Executive&rsquo;s employment with the
Company, including the performance that will be expected of Executive, the compensation Executive will be paid, how long and under what
circumstances Executive will remain employed, and the financial details relating to any decision that either the Company or Executive
may make to terminate this Agreement and Executive&rsquo;s employment with the Company.</p>

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<p style="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>E.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</b>The Parties desire to enter into this Agreement as of the Agreement Date and, except as otherwise provided herein, to have this Agreement
supersede in its entirety the Prior Employment Agreement and all prior employment agreements between the Parties, whether or not in writing,
and to have any such prior employment agreements be of no further force and effect, in each case, as of the adjournment of the Company&rsquo;s
annual shareholder meeting occurring in May 2025 (such adjournment of the annual shareholder meeting, referred to herein as, the &ldquo;<b>Effective
Time</b>&rdquo;; and the date of such annual shareholder meeting, referred to herein as, the &ldquo;<b>Retirement Date</b>&rdquo;).</p>

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<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-variant: small-caps"><b>Agreement</b></font></p>

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<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">In consideration of the foregoing and the mutual promises
and covenants of the Parties set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties, intending to be legally bound, hereby expressly covenant and agree as follows:</p>

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