SEC Contract Filing

Filing Date: 2018-11-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>csfl-ex101_7.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">EMPLOYMENT AGREEMENT</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:0.05pt;"> </font><font style="font-weight:bold;">EMPLOYMENT</font><font style="font-weight:bold;letter-spacing:-0.1pt;"> </font><font style="font-weight:bold;">AGREEMENT</font><font style="letter-spacing:1.45pt;"> </font>(this<font style="letter-spacing:-0.3pt;"> </font>"Agreement")<font style="letter-spacing:1pt;"> </font>is<font style="letter-spacing:-0.25pt;"> </font>entered<font style="letter-spacing:1.3pt;"> </font>into<font style="letter-spacing:-0.05pt;"> </font>as<font style="letter-spacing:-0.7pt;"> </font>of this 23<sup style="font-size:85%; vertical-align:top">rd</sup><font style="letter-spacing:0.35pt;"> </font>day<font style="letter-spacing:-0.35pt;"> </font>of November 2018 but shall be effective upon the Effective Time (as defined in the Merger Agreement defined below) (hereinafter the &#8220;Employment Date&#8221;), by and<font style="letter-spacing:-0.85pt;"> </font>between<font style="letter-spacing:-0.55pt;"> </font>CenterState<font style="letter-spacing:-0.75pt;"> </font>Bank,<font style="letter-spacing:-1.1pt;"> </font>N.A.,<font style="letter-spacing:-1pt;"> </font>a<font style="letter-spacing:-1.05pt;"> </font>national<font style="letter-spacing:-0.7pt;"> </font>banking<font style="letter-spacing:-0.95pt;"> </font>association<font style="letter-spacing:-0.65pt;"> </font>(the<font style="letter-spacing:-1.5pt;"> </font><font style="letter-spacing:-1.3pt;">"</font>Bank"), and Richard Murray, IV (the<font style="letter-spacing:-1.85pt;"> </font><font style="letter-spacing:-0.05pt;">"Executive").</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Executive is serving as the Chairman and Chief Executive Officer of National Commerce Corporation (&#8220;NCC&#8221;), which has entered into an Agreement and Plan of Merger, dated November 23, 2018 (&#8220;Merger Agreement&#8217;) with CenterState Bank Corporation (&#8220;CSFL&#8221;), pursuant to which NCC will be merged with and into CSFL, subject to the terms and conditions of the Merger Agreement (&#8220;the Merger&#8221;) and immediately thereafter, National Bank of Commerce will be merged with and into the Bank; </font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Executive and the Bank desire for the Executive to serve as the Chief Executive Officer of the Bank upon the closing of the Merger of NCC with and into CSFL, pursuant to the terms and conditions of the Merger Agreement; </font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS,<font style="font-weight:normal;"> the execution and delivery of this Agreement is a condition to the willingness of CSFL to enter into the Merger Agreement; and </font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, this Agreement supersedes in its entirely that certain Employment Agreement by and between NCC and National Bank of Commerce and the Executive, dated November 29, 2017, which Employment Agreement shall terminate and be of no further force and effect as of the Effective Time of the Merger; </font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.21%;margin-right:1.4%;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOW<font style="letter-spacing:-2.3pt;"> </font>THEREFORE,<font style="letter