EMPLOYMENT AGREEMENTEmployment Agreement • February 3rd, 2017 • Seacoast Banking Corp of Florida • State commercial banks • Florida
THIS AGREEMENT (the “Agreement”), is entered into as of November 2, 2016, but shall be effective upon the Effective Time (as defined in the Merger Agreement (as defined below)) (the date on which the Effective Time occurs, the “Effective Date”), between Joseph Caballero (the “Executive”) and Seacoast National Bank (the “Bank”), together with its parent, Seacoast Banking Corporation of Florida (“Seacoast”). For purposes of this Agreement, the term “Corporation” shall refer to the Bank and Seacoast collectively or, if appropriate to the context, in the alternate. Notwithstanding anything to the contrary herein, the Executive’s employment hereunder is with the Bank. If the Effective Time does not occur, this Agreement will be void and of no force or effect.
