SEC Contract Filing

Filing Date: 2024-10-01

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ef20036433_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold;"> <font style="font-size: 10pt;">Exhibit 10.1<br>
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 <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">AMENDED AND RESTATED EMPLOYMENT AGREEMENT</div>
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 <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">This Amended and Restated Employment Agreement (this "Agreement"), dated as of the 17<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of September, 2024
 ("Agreement Date"), is by and between Windsor Advantage LLC ("Windsor") and Michael Breckheimer ("Executive") and amends and restates that certain Employment Agreement, dated March 27, 2024, by and between Capital Bank, N.A. and Executive.</div>
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 <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS, </font><font style="font-size: 10pt;">Capital

 Bancorp, Inc. (&#8220;Company&#8221;) has entered into an Agreement and Plan of Merger and Reorganization (the &#8220;Merger Agreement&#8221;) with Integrated Financial Holdings, Inc. (&#8220;IFH&#8221;), pursuant to which IFH will merge with and into the Company, with the Company
 surviving (the &#8220;Transaction&#8221;); and</font></div>
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 <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, in
 connection with the Transaction, the Company, Capital Bank, N.A., Windsor and Executive desire to terminate Executive&#8217;s prior Employment and Change in Control Agreement, dated December 31, 2018, by and among West Town Bancorp Inc., Windsor, and
 Executive, as subsequently amended (the &#8220;Prior Employment and Change in Control Agreement&#8221;) and enter into an employment agreement as provided herein; and</font></div>
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 <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">,
 Capital Bank, N.A. and Executive previously executed that certain Employment Agreement, dated March 27, 2024, and Capital Bank, N.A., Executive and Windsor now desire to amend and restate such Employment Agreement to provide that Windsor, instead
 of Capital Bank, N.A., shall act as the entity employing Executive; and</font></div>
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 <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">,
 contingent upon and effective upon the closing of the Transaction (the &#8220;Effective Date&#8221;), Executive&#8217;s employment shall continue with the Windsor in accordance with the terms of this Agreement.</font></div>
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 <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOW, THEREFORE, </font><font style="font-size: 10pt;">in consideration of the premises and the mutual covenants and conditions hereinafter set forth, the Windsor and Executive hereby agree as follows:</font></div>
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 <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">1.</td>
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 <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">POSITION AND RESPONSIBILITIES; EFFECTIVE DATE</div>
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 <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">Contingent upon the Closing and effective as of the Effective Date, the Executive agrees to serve as the Senior Vice President,
 Head of Windsor during the period of his employment hereunder.&#160; As such, the Executive shall be responsible for the customary duties associated with such position.&#160; In addition, the Executive will perform other duties for Windsor or its affiliates
 as delegated to h