AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • April 1st, 2011 • Palmetto Bancshares Inc • State commercial banks • South Carolina
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”), dated as of the 17th day of March, 2011, is made by and between Palmetto Bancshares, Inc., a South Carolina corporation (the “Company”), The Palmetto Bank (the “Bank”), a South Carolina state bank and wholly owned subsidiary of the Company (the Company and the Bank collectively referred to herein as the “Employer”), and Samuel L. Erwin, an individual resident of South Carolina (the “Executive”). This Agreement amends and restates that certain existing employment agreement between the parties dated July 1, 2009.
