EXHIBIT 10(c) EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT is effective as of the 1st day of January, 2000 (the "Effective Date"), and is made by and between United Security BancShares, Inc., a Delaware corporation ("USBC); First United Security...Employment Agreement • April 2nd, 2001 • United Security Bancshares Inc • State commercial banks • Alabama
INTRODUCTIONSalary Continuation Agreement • November 15th, 2002 • United Security Bancshares Inc • State commercial banks • Alabama
INTRODUCTIONDirector Retirement Agreement • November 15th, 2002 • United Security Bancshares Inc • State commercial banks • Alabama
SUBORDINATED NOTE PURCHASE AGREEMENTSubordinated Note Purchase Agreement • October 4th, 2021 • First Us Bancshares, Inc. • State commercial banks • New York
This SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of October 1, 2021, and is made by and among First US Bancshares, Inc., a Delaware corporation (the “Company”), and the several purchasers of the Subordinated Notes (as defined herein) identified on the signature pages hereto (each a “Purchaser” and collectively, the “Purchasers”).
FIRST AMENDMENT TO THE FIRST UNITED SECURITY BANK DIRECTOR RETIREMENT AGREEMENT DATED OCTOBER 17, 2002 FORDirector Retirement Agreement • March 16th, 2009 • United Security Bancshares Inc • State commercial banks
THIS FIRST AMENDMENT is adopted this 20th day of November, 2008, effective as of January 1, 2005, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and R. TERRY PHILLIPS (the “Director”).
UNITED SECURITY BANCSHARES, INC. NONQUALIFIED STOCK OPTION AGREEMENT (Three- Year Vesting – Employees)Nonqualified Stock Option Agreement • March 18th, 2020 • First Us Bancshares Inc • State commercial banks • Delaware
This Nonqualified Stock Option Agreement (this “Agreement”) is made and entered into as of the Grant Date (defined below) by and between FIRST US BANCSHARES, INC., a Delaware corporation (the “Company”) and _______________________ (the “Participant”).
AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENTChange in Control Agreement • February 26th, 2021 • First Us Bancshares Inc • State commercial banks • Alabama
THIS AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT (this “Agreement”) is made as of the 22nd day of February, 2021 (the “Effective Date”) by and among William C. Mitchell (the “Employee”); First US Bancshares, Inc., a Delaware corporation (“FUSB”); First US Bank, an Alabama banking corporation (the “Bank”); and Acceptance Loan Company, Inc., an Alabama corporation (“ALC”). FUSB and the Bank are together referred to herein as the “Company.”
FIRST AMENDMENT TO THE FIRST UNITED SECURITY BANK SALARY CONTINUATION AGREEMENT DATED SEPTEMBER 20, 2002 FOR TERRY PHILLIPSSalary Continuation Agreement • March 16th, 2009 • United Security Bancshares Inc • State commercial banks
THIS FIRST AMENDMENT is adopted this 20th day of November, 2008, effective as of January 1, 2005, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and TERRY PHILLIPS (the “Executive”).
Director Retirement AgreementDirector Retirement Agreement • March 15th, 2017 • First Us Bancshares Inc • State commercial banks
THIS SECOND AMENDMENT (this “Amendment”) is adopted and effective as of this 25th day of January, 2017, by and among First US Bancshares, Inc., a Delaware corporation (formerly known as United Security Bancshares, Inc.) (“USB”), First US Bank, a state-chartered commercial bank located in Thomasville, Alabama (formerly known as First United Security Bank) (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and John C. Gordon (the “Director”).
REPRESENTATIONS AND WARRANTIES OF USBShare Exchange Agreement • January 29th, 1996 • United Security Bancshares Inc • State commercial banks • Alabama
AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT (First US Bancshares, Inc. and First US Bank)Change in Control Agreement • March 10th, 2023 • First Us Bancshares, Inc. • State commercial banks • Alabama
THIS AGREEMENT (this “Agreement”) is made as of the 3rd day of March, 2023 (the “Effective Date”), by and between Eric H. Mabowitz (the “Employee”); First US Bank, an Alabama banking corporation (the “Bank”); and First US Bancshares, Inc., a Delaware corporation (“FUSB”; together with the Bank, the “Company”).
AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • December 19th, 2013 • United Security Bancshares Inc • State commercial banks • Alabama
THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”), executed on the 19th day of December, 2013, is effective as of January 1, 2014 (the “Effective Date”), and is made by and between United Security Bancshares, Inc., a Delaware corporation (“USB”); First United Security Bank, an Alabama banking corporation (“FUSB”; USB and FUSB are hereinafter collectively referred to as the “Company”); and James F. House, an individual resident of the State of Alabama (the “Executive”).
FIRST UNITED SECURITY BANK DIRECTOR RETIREMENT AGREEMENTDirector Retirement Agreement • March 30th, 2012 • United Security Bancshares Inc • State commercial banks • Alabama
THIS DIRECTOR RETIREMENT AGREEMENT (“Agreement”) is made and entered into this 17th day of November, 2011, between First United Security Bank, a bank located in Thomasville, Alabama (“FUSB”), United Security Bancshares, Inc. (“USB”) (FUSB and USB are collectively referred to herein as the “Company”), and Andrew C. Bearden, Jr. (“Director”).
STOCK PURCHASE AND AFFILIATE MERGER AGREEMENTStock Purchase and Affiliate Merger Agreement • April 17th, 2018 • First Us Bancshares Inc • State commercial banks • Delaware
This STOCK PURCHASE AND AFFILIATE MERGER AGREEMENT (this “Agreement”) is made and entered into as of April 16, 2018, by and among (i) FIRST US BANCSHARES, INC., a Delaware corporation with its principal offices in Birmingham, Alabama (“Parent”); (ii) FIRST US BANK, an Alabama banking corporation with its principal offices in Birmingham, Alabama, and a wholly owned subsidiary of Parent (“FUSB”); (iii) THE PEOPLES BANK, a Virginia banking corporation with its principal offices in Rose Hill, Virginia (“TPB”); (iv) TRACY E. THOMPSON, a resident of the State of Tennessee, and TYLER S. THOMPSON, a resident of the State of Kentucky (together, the “Transaction Shareholders”); and (v) TRACY E. THOMPSON, in his capacity as the representative of the Transaction Shareholders (the “Shareholder Representative”).
RESTRICTED STOCK AWARD AGREEMENT (One-Year Vesting – Non-Employee Directors)Restricted Stock Award Agreement • March 18th, 2020 • First Us Bancshares Inc • State commercial banks • Delaware
This Restricted Stock Award Agreement (this “Agreement”) is made and entered into as of the “Grant Date” (defined below) by and between First US Bancshares, Inc., a Delaware corporation (the “Company”), and the “Participant” (defined below).
DIRECTOR INDEMNIFICATION AGREEMENTDirector Indemnification Agreement • October 30th, 2009 • United Security Bancshares Inc • State commercial banks • Delaware
This DIRECTOR INDEMNIFICATION AGREEMENT (this “Agreement”) is made this day of , by and between UNITED SECURITY BANCSHARES, INC., a Delaware corporation (the “Company”), and , a member of the Company’s Board of Directors (“Indemnitee”).
FIRST AMENDMENT TO REAL ESTATE SALES AGREEMENTReal Estate Sales Agreement • March 11th, 2016 • United Security Bancshares Inc • State commercial banks
This First Amendment to Real Estate Sales Agreement (this “Amendment”) is made effective the 26th day of May, 2015, (the “Amendment Effective Date”) notwithstanding the actual date of execution by and between PUMP HOUSE LAND PARTNERS, LLC, an Alabama limited liability company (the “Seller”), and FIRST US BANK, an Alabama corporation (“Buyer”).
AMENDMENT TWO TO R. TERRY PHILLIPS EMPLOYMENT AGREEMENTEmployment Agreement • March 15th, 2011 • United Security Bancshares Inc • State commercial banks
This Amendment Two (this “Amendment”) is made and entered into as of the 30th day of December, 2010, by and among United Security Bancshares, Inc. (“USB”), First United Security Bank (“FUSB”) (“USB” and “FUSB” are hereinafter collectively referred to as the “Company”), and R. Terry Phillips (the “Executive”).
SECOND AMENDMENT TO REAL ESTATE SALES AGREEMENTReal Estate Sales Agreement • March 11th, 2016 • United Security Bancshares Inc • State commercial banks
THIS SECOND AMENDMENT TO REAL ESTATE SALES AGREEMENT (this “Amendment”) is made effective the 25th day of August, 2015, (the “Amendment Effective Date”) notwithstanding the actual date of execution by and between PUMP HOUSE LAND PARTNERS, LLC, an Alabama limited liability company (the “Seller”), and FIRST US BANK, an Alabama corporation (“Buyer”).
FIRST UNITED SECURITY BANK DIRECTOR RETIREMENT AGREEMENTDirector Retirement Agreement • March 30th, 2012 • United Security Bancshares Inc • State commercial banks • Alabama
THIS DIRECTOR RETIREMENT AGREEMENT (“Agreement”) is made and entered into this 30th day of November, 2011, between First United Security Bank, a bank located in Thomasville, Alabama (“FUSB”), United Security Bancshares, Inc. (“USB”) (FUSB and USB are collectively referred to herein as the “Company”), and J. Lee McPhearson (“Director”).
Director Retirement AgreementDirector Retirement Agreement • March 15th, 2017 • First Us Bancshares Inc • State commercial banks
THIS SECOND AMENDMENT (this “Amendment”) is adopted and effective as of this 25th day of January, 2017, by and among First US Bancshares, Inc., a Delaware corporation (formerly known as United Security Bancshares, Inc.) (“USB”), First US Bank, a state-chartered commercial bank located in Thomasville, Alabama (formerly known as First United Security Bank) (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and Gerald P. Corgill (the “Director”).
RESTRICTED STOCK AWARD AGREEMENT (Three-Year Vesting – Employees)Restricted Stock Award Agreement • March 18th, 2020 • First Us Bancshares Inc • State commercial banks • Delaware
This Restricted Stock Award Agreement (this “Agreement”) is made and entered into as of the “Grant Date” (defined below) by and between First US Bancshares, Inc., a Delaware corporation (the “Company”), and the “Participant” (defined below).
FIRST UNITED SECURITY BANK DIRECTOR RETIREMENT AGREEMENTDirector Retirement Agreement • March 21st, 2003 • United Security Bancshares Inc • State commercial banks • Alabama
THIS AGREEMENT is made this 14th day of October, 2002, by and between UNITED SECURITY BANCSHARES, INC., a Delaware corporation (“USB”), FIRST UNITED SECURITY BANK, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB are collectively referred to herein as the “Company”) and Dan R. Barlow (the “Director”).
AMENDMENT ONE TO R. TERRY PHILLIPS EMPLOYMENT AGREEMENTEmployment Agreement • December 23rd, 2008 • United Security Bancshares Inc • State commercial banks • Alabama
This Amendment One (this “Amendment”) is made and entered into as of the 18th day of December, 2008, by and among United Security Bancshares, Inc. (“USB”), First United Security Bank (“FUSB”) (“USB” and “FUSB” are hereinafter collectively referred to as the “Company”), and R. Terry Phillips (the “Executive”).
THIRD AMENDMENT TO REAL ESTATE SALES AGREEMENTReal Estate Sales Agreement • March 11th, 2016 • United Security Bancshares Inc • State commercial banks
THIS THIRD AMENDMENT TO REAL ESTATE SALES AGREEMENT (this “Amendment”) is made effective the 17th day of September, 2015 (the “Amendment Effective Date”) notwithstanding the actual date of execution by and between PUMP HOUSE LAND PARTNERS, LLC, an Alabama limited liability company (the “Seller”), and FIRST US BANK, an Alabama corporation (“Buyer”).
FOURTH AMENDMENT TO REAL ESTATE SALES AGREEMENTReal Estate Sales Agreement • March 11th, 2016 • United Security Bancshares Inc • State commercial banks
THIS FOURTH AMENDMENT TO REAL ESTATE SALES AGREEMENT (this “Fourth Amendment”) is made effective as of the 17th day of October, 2015 (the “Amendment Effective Date”) notwithstanding the actual date of execution by and between PUMP HOUSE LAND PARTNERS, LLC, an Alabama limited liability company (the “Seller”), and FIRST US BANK, an Alabama corporation (“Buyer”).
REAL ESTATE SALES AGREEMENTReal Estate Sales Agreement • March 11th, 2016 • United Security Bancshares Inc • State commercial banks • Alabama
THIS REAL ESTATE SALES AGREEMENT (this “Agreement”) entered into as of the 20th day of April, 2015 (the “Effective Date”), by and between PUMP HOUSE LAND PARTNERS, LLC, an Alabama limited liability company (the “Seller”), and FIRST US BANK, an Alabama corporation (“Buyer”).
FIRST UNITED SECURITY BANK DIRECTOR RETIREMENT AGREEMENTDirector Retirement Agreement • March 21st, 2003 • United Security Bancshares Inc • State commercial banks • Alabama
THIS AGREEMENT is made this 16th day of October, 2002, by and between UNITED SECURITY BANCSHARES, INC., a Delaware corporation (“USB”), FIRST UNITED SECURITY BANK, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB are collectively referred to herein as the “Company”) and William G. Harrison (the “Director”).
AMENDMENT ONE EXECUTIVE EMPLOYMENT AGREEMENT (James F. House)Executive Employment Agreement • March 28th, 2013 • United Security Bancshares Inc • State commercial banks
THIS AMENDMENT ONE (this “Amendment”) is made and entered into as of the 19th day of November, 2012, by and among UNITED SECURITY BANCSHARES, INC. (“USB”), FIRST UNITED SECURITY BANK (“FUSB”) (“USB” and “FUSB” are hereinafter collectively referred to as the “Company”) and JAMES F. HOUSE (the “Executive”).
UNITED SECURITY BANCSHARES, INC. RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • August 13th, 2014 • United Security Bancshares Inc • State commercial banks • Delaware
This Restricted Stock Unit Award Agreement (this “Agreement”) is made and entered into as of [DATE] (the “Grant Date”) by and between United Security Bancshares, Inc., a Delaware corporation (the “Company”) and [EMPLOYEE NAME] (the “Grantee”).
SECOND AMENDMENT TO THE FIRST UNITED SECURITY BANK SALARY CONTINUATION AGREEMENT FORSalary Continuation Agreement • March 30th, 2012 • United Security Bancshares Inc • State commercial banks
THIS SECOND AMENDMENT is adopted this 30th day of June, 2011, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and R. TERRY PHILLIPS (the “Executive”).
SECOND AMENDMENT TO THE FIRST UNITED SECURITY BANK SALARY CONTINUATION AGREEMENT FORSalary Continuation Agreement • August 12th, 2011 • United Security Bancshares Inc • State commercial banks
THIS SECOND AMENDMENT is adopted this 30th day of June, 2011, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and R. TERRY PHILLIPS (the “Executive”).
SEPARATION AGREEMENT AND MUTUAL RELEASESeparation Agreement • July 6th, 2011 • United Security Bancshares Inc • State commercial banks • Alabama
The purpose of this Separation Agreement and Mutual Release (the "Agreement") is to set forth the terms and conditions under which R. Terry Phillips (“Executive”) is to receive certain benefits (the "Benefits" in paragraph 2. A.) in connection with the termination or modification of existing contracts, and his separation from employment and all other business relationships with United Security BancShares, Inc., a Delaware corporation (“USBI”); First United Security Bank, an Alabama banking corporation (“FUSB”) (collectively including and referred to herein, together with their respective officers, directors, shareholders, members, employees, attorneys, general partners, limited partners and affiliated entities, as "the Company"). In exchange for the mutual consideration expressed herein, Executive and the Company hereby agree as follows:
Director Retirement AgreementDirector Retirement Agreement • March 15th, 2017 • First Us Bancshares Inc • State commercial banks
THIS SECOND AMENDMENT (this “Amendment”) is adopted and effective as of this 25th day of January, 2017, by and among First US Bancshares, Inc., a Delaware corporation (formerly known as United Security Bancshares, Inc.) (“USB”), First US Bank, a state-chartered commercial bank located in Thomasville, Alabama (formerly known as First United Security Bank) (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and William G. Harrison (the “Director”).
AGREEMENT AND PLAN OF MERGER by and between FIRST BANCSHARES, INC.Merger Agreement • November 12th, 1996 • United Security Bancshares Inc • State commercial banks • Alabama
