EMPLOYMENT AGREEMENTEmployment Agreement • October 3rd, 2016 • MidWestOne Financial Group, Inc. • State commercial banks • Minnesota
This EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of December 12, 2014, by and between MIDWESTONE FINANCIAL GROUP, INC. (together with any successor thereto, the “Company”) and Kurt Weise (the “Executive,” and together with the Company, the “Parties”), and shall be effective immediately upon the consummation of the merger (the “Merger”) contemplated by the Agreement and Plan of Merger By and Between MidWestOne Financial Group, Inc. and Central Bancshares, Inc. dated November 20, 2014 (the “Merger Agreement”), whereby Central Bancshares, Inc. (“CBI”) shall merge with and into the Company, with the Company being the surviving corporation (with the consummation of the Merger constituting the “Effective Date”).
Re: Acknowledgment and Agreement re RetirementMidWestOne Financial Group, Inc. • October 3rd, 2016 • State commercial banks
This letter is intended to memorialize our recent discussion during which you expressed your desire to retire from employment with MidWestOne Financial Group, Inc. and all of its subsidiaries (collectively, the “Company”) effective as of December 31, 2016. It should go without saying that we greatly appreciate your contributions to the on-going success of the Company and all of your efforts working to integrate the former Central Bank with and into MidWestOne Bank.
