SEC Contract Filing

Filing Date: 2024-05-09

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>evbn-20240509xex10_2.htm
<DESCRIPTION>EX-10.2
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 Exhibit 102 Amendment to the 2020 Executive Incentive Retirement Plan
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 <a name="_Hlk40881237"></a><font style="display: inline;font-weight:bold;">EVANS BANK, N.A.</font><font style="display: inline;font-weight:bold;">&nbsp;</font>
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 <font style="display: inline;font-weight:bold;">2020 EXECUTIVE INCENTIVE RETIREMENT PLAN</font>
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 <font style="display: inline;font-weight:bold;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;"></font><font style="display: inline;">This Amendment</font><font style="display: inline;"> (the &#x201C;</font><font style="display: inline;text-decoration:underline;">Amendment</font><font style="display: inline;">&#x201D;)</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">is made </font><font style="display: inline;">to </font><font style="display: inline;">the </font><font style="display: inline;">Evans Bank, N.A.</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">(&#x201C;</font><font style="display: inline;text-decoration:underline;">Bank</font><font style="display: inline;">&#x201D;) </font><font style="display: inline;">2020 Executive Incentive Retirement Plan</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">(the &#x201C;</font><font style="display: inline;text-decoration:underline;">Plan</font><font style="display: inline;">&#x201D;)</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">effective as of </font><font style="display: inline;">May 9</font><font style="display: inline;">, 202</font><font style="display: inline;">4</font><font style="display: inline;">.</font><font style="display: inline;">&nbsp;</font>
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 <font style="display: inline;font-weight:bold;">WHEREAS, </font><font style="display: inline;">the </font><font style="display: inline;">Bank adopted the Plan effective as of January 1, 2020</font><font style="display: inline;">; &nbsp;</font>
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 <font style="display: inline;font-weight:bold;">WHEREAS</font><font style="display: inline;">, the </font><font style="display: inline;">Bank </font><font style="display: inline;">wishes to amend the Plan to (i) expand the non-solicitation restrictions to include customers of the Bank, and (ii) remove the non-competition restrictions</font><font style="display: inline;">;</font><font style="display: inline;"> and</font>
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 <font style="display: inline;font-weight:bold;">WHEREAS</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">Section 8.1 of the Plan provides that the Bank may amend the Plan provided that such amendment does not decrease or restrict any Deferred Benefit Account maintained pursuant to any existing award under the Plan</font><font style="display: inline;">. &nbsp;</font>
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 <font style="display: inline;font-weight:bold;">NOW, THEREFORE, </font><font style="display: inline;">the </font><font style="display: inline;">P</font><font style="display: inline;">lan </font><font style="display: inline;">is hereby amended as follows:</font>
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