SEC Contract Filing

Filing Date: 2021-11-08

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>eqbk-ex102_276.htm
<DESCRIPTION>EX-10.2
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-size:10pt;">Exhibit 10.2</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EMPLOYMENT AGREEMENT<br /></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This <font style="font-weight:bold;">EMPLOYMENT AGREEMENT</font> (this &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;) is entered into this 5<sup style="font-size:85%;line-height:120%;vertical-align:top">th</sup> day of November, 2021 (the &#8220;<font style="text-decoration:underline;">Effective Date</font>&#8221;), by and between Equity Bank, a Kansas banking corporation (the &#8220;<font style="text-decoration:underline;">Bank</font>&#8221;), and Gregory Kossover (&#8220;<font style="text-decoration:underline;">Executive</font>&#8221;). Equity Bancshares, Inc., a Kansas corporation and parent corporation of the Bank (&#8220;<font style="text-decoration:underline;">Parent</font>&#8221;), is joining in this Agreement for the limited purpose of reflecting its agreement to provisions in this Agreement applicable to Parent.&nbsp;&nbsp;Parent, the Bank and their respective subsidiaries and affiliates are referred to collectively as the &#8220;<font style="text-decoration:underline;">Equity Group</font>.&#8221; Certain capitalized terms set forth herein have the meaning given to such terms in <font style="text-decoration:underline;">Section 20</font>.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Bank desires to employ Executive and to enter into this Agreement setting forth the terms of such employment; and</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, Executive agrees to accept such employment and to provide such services to the Bank in accordance with the terms and conditions of this Agreement.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE<font style="font-weight:normal;">, in consideration of the mutual promises herein made and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:11pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><a name="_Ref37865002"></a><font style="Background-color:#auto;text-decoration:none;">1.</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Term of Employment; Duties</font><font style="color:#000000;">.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:11pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">(a)</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Term</font><font style="color:#000000;">. Unless earlier terminated in accordance with </font><font style="text-decoration:underline;color:#000000;">Section 3</font><font style="color:#000000;">, the term of this Agreement and Executive&#8217;s employment hereunder (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Term</font><font style="color:#000000;">&#8221;) will be for an initial period beginning on the Effective Date and ending on the third (3<sup style="font-size:85%;line-height:120%;vertical-align:top">rd</sup>) anniversary of the Effective Date; </font><font style="font-style:italic;color:#000000;">provided</font><font style="color:#000000;"> that on the third (3<sup style="font-size:85%;line-height:120%;vertical-align:top">rd</sup>) anniversary of the Effective Date and on each anniversary of such date thereafter (such date and each annual anniversary thereof a &#8220;</font><font style="text-decoration:underline;color:#000000;">Renewal Date</font><font style="color:#000000;">&#8221;), the Term will automatically extend for an additional one year from such Renewal Date unless, at least 90 days before the applicable Renewal Date, either party gives notice to