LETTERHEAD OF FIRST BUSEY CORPORATION]First Busey Corp /Nv/ • August 27th, 2024 • State commercial banks
Company FiledAugust 27th, 2024 IndustryReference is made to the Agreement and Plan of Merger, dated as of August 26, 2024, between First Busey Corporation (the “Corporation”) and CrossFirst Bankshares, Inc. (“CrossFirst”) (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Merger Agreement”), your Employment Agreement, dated as of June 1, 2020, by and between you and CrossFirst (your “Employment Agreement”) and the CrossFirst Bankshares, Inc. Senior Executive Severance Plan effective as of May 3, 2022 (the “Severance Plan”). The effectiveness of the terms of this letter agreement shall be conditioned upon the Closing. Notwithstanding anything in this agreement to the contrary, in the event that the Merger Agreement terminates prior to Closing, this letter agreement shall be void ab initio. Capitalized terms used and not otherwise defined herein have the respective meanings ascribed to them in the Merger Agreement, except as otherwise noted.
LETTERHEAD OF FIRST BUSEY CORPORATION]Crossfirst Bankshares, Inc. • August 27th, 2024 • State commercial banks
Company FiledAugust 27th, 2024 IndustryReference is made to the Agreement and Plan of Merger, dated as of August 26, 2024, between First Busey Corporation (the “Corporation”) and CrossFirst Bankshares, Inc. (“CrossFirst”) (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Merger Agreement”), your Employment Agreement, dated as of June 1, 2020, by and between you and CrossFirst (your “Employment Agreement”) and the CrossFirst Bankshares, Inc. Senior Executive Severance Plan effective as of May 3, 2022 (the “Severance Plan”). The effectiveness of the terms of this letter agreement shall be conditioned upon the Closing. Notwithstanding anything in this agreement to the contrary, in the event that the Merger Agreement terminates prior to Closing, this letter agreement shall be void ab initio. Capitalized terms used and not otherwise defined herein have the respective meanings ascribed to them in the Merger Agreement, except as otherwise noted.