AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.1
AMENDMENT TO EMPLOYMENT AGREEMENT
This AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is made by and between
STERLING BANCSHARES, INC., a Texas corporation (“Company”) and X. XXXXXX BRIDGWATER
(“Executive”). This Amendment amends that certain Employment Agreement dated as of October
31, 2001 and effective as of January 1, 2002 between Company and Executive (the “Employment
Agreement”). Capitalized terms not otherwise defined herein shall have the meanings given to
them in the Employment Agreement.
WITNESSETH:
WHEREAS, on this date Company and Executive are entering into an Employment Agreement to be
effective January 1, 2006 (the “New Agreement”),
WHEREAS, Company and Executive desire to amend the Employment Agreement to cause the
Employment Term to end on December 31, 2005,
NOW, THEREFORE, for and in consideration of the mutual terms and covenants contained in this
Amendment and the New Agreement, Company and Executive agree as follows:
1. Paragraph 2.1 of the Employment Agreement is hereby amended to read in full as
follows:
2.1 TERM. Unless sooner terminated pursuant to other
provisions hereof, Company agrees to employ Executive for the period
beginning on the Effective Date and ending on December 31, 2005.
2. Except as amended hereby, the Employment Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the 17th day of
November, 2005.
STERLING BANCSHARES, INC. | ||||||
By: | /s/ Xxxxx X. Goalsby, Jr. | |||||
Name: | Xxxxx X. Goalsby, Jr. | |||||
Title: | Executive Vice President and General Counsel | |||||
APPROVED: | ||||||
/s/ Xxxxxx Xxxxxx, Xx. | ||||||
Xxxxxx Xxxxxx,
Xx. Chairman, Human Resources Programs Committee |
||||||
“COMPANY” | ||||||
/s/ X. Xxxxxx Bridgwater | ||||||
X. Xxxxxx Bridgwater | ||||||
“EXECUTIVE” |