0001193125-05-002444 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • January 6th, 2005 • Peoples Holding Co • State commercial banks • Alabama

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of the 14th day of July, 2004, by and between Larry R. Mathews (“Employee”), The Peoples Holding Company, a Mississippi corporation (“Peoples”), and The Peoples Bank & Trust Company, a Mississippi banking association, an affiliate of Peoples (the “Company”).

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TERMINATION AND RELEASE AGREEMENT
Termination and Release Agreement • January 6th, 2005 • Peoples Holding Co • State commercial banks • Alabama

This Termination Agreement (the “Agreement”) is entered into as of the 1st day of January, 2005, by and among Larry R. Mathews (“Employee”), Heritage Financial Holding Corporation, a Delaware corporation (“HFHC”), and Heritage Bank, an Alabama state banking corporation (“Heritage Bank”).

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