EMPLOYMENT AGREEMENTEmployment Agreement • April 6th, 2006 • Seacoast Banking Corp of Florida • State commercial banks • Florida
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered as of November 22, 2005 in connection with the Agreement and Plan of Merger as of even date herewith (the “Merger Agreement”), by and between Seacoast Banking Corporation of Florida, a Florida corporation (the “Company”), and Big Lake Financial Corporation, a Florida corporation (“BLFC”). The Merger Agreement provides for, among other things, the merger (the “Merger”) of BLFC with and into the Company and the merger (the “Bank Merger”) of Big Lake National Bank (“Big Lake”) with and into First National Bank and Trust of the Treasure Coast (the “Bank”). The company resulting from the Merger is sometimes called the “Resulting Company” and the bank resulting from the Bank Merger is sometimes called the “Resulting Bank.” This Agreement is by and between Mr. Joe G. Mullins (the “Employee”) and the Resulting Bank. This Agreement and the Employee’s employment hereunder shall commence upon the Merger’s “Effective Time,” as provided in the
