SEC Contract Filing

Filing Date: 2017-06-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v469759_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>AMENDMENT
TO Employment AGREEMENT</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amendment (&ldquo;<U>Amendment</U>&rdquo;)
to the Employment Agreement by and between Dennis S. Hudson, III (the &ldquo;<U>Executive</U>&rdquo;), and Seacoast National Bank
(the &ldquo;<U>Bank</U>&rdquo;), together with its parent, Seacoast Banking Corporation of Florida (&ldquo;<U>Seacoast</U>&rdquo;),
is entered into as of June 27, 2017. Seacoast, the Bank and Executive may be referred to herein as the &ldquo;<U>Parties</U>.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS,
the Seacoast, the Bank and Executive are parties to that certain Employment Agreement, dated as of December 18, 2014 (the &ldquo;<U>Employment
Agreement</U>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the initial term of the Employment Agreement is scheduled to end on December 18, 2017; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Section 2.a. of the Employment Agreement
provides that on or before the end of the initial term, the term of the Employment Agreement may be extended for an additional
period on materially similar terms and conditions as contained therein, upon mutually written agreement by the Parties; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Parties desire to amend the Employment Agreement pursuant to the terms of this Amendment in order
to extend the term of the Employment Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements set forth herein, and other
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound
hereby, the Parties hereby agree that the Employment Agreement shall be amended by deleting Section 2(a) in its entirety and replacing
with the following:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Term</I>.&nbsp;&nbsp;The term
of the Executive&rsquo;s employment under this Agreement (the &ldquo;Term&rdquo;) commenced on the Effective Date and shall continue
until December 18, 2020, unless Executive&rsquo;s employment is sooner terminated pursuant to the provisions of Section 4; provided,
however, that on or before December 18, 2020, the Term may be extended for an additional period on materially similar terms and
conditions as contained herein, upon the mutual written agreement by the parties.&rdquo;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except as specifically
set forth in this Amendment, all other terms of the Employment Agreement shall remain in full force and effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[Signatures on following
page]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">IN WITNESS WHEREOF, the Parties, hereto, have executed this
Amendment to the Employment Agreement as of the day and year first above written.</P>

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