Amendment to Supplemental Executive Retirement Plan Agreement – Heritage Financial Group, Heritage Bank of the South, and O. Leonard Dorminey
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Summary
Heritage Financial Group and Heritage Bank of the South have amended their Supplemental Executive Retirement Plan agreement with executive O. Leonard Dorminey. This amendment credits Mr. Dorminey with fifteen years of service for calculating his retirement benefits, regardless of his actual years worked. The change is effective as of October 16, 2007, and ensures Mr. Dorminey receives a fully accrued benefit under the plan.
EX-10.11 2 g10555exv10w11.htm EX-10.11 AMENDMENT TO EXISTING PLAN AGREEMENT-DORMINEY EX-10.11
EXHIBIT 10.11
HERITAGE FINANCIAL GROUP
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
AMENDMENT TO EXISTING PLAN AGREEMENT
On May 20, 2002, Heritage Financial Group (the “Company”) and Heritage Bank of the South (the “Bank”) entered into an agreement with the undersigned Executive regarding his entitlement under the Heritage Financial Group Supplemental Executive Retirement Plan (the “Plan”) (the “Plan Agreement”).
The Company and the Bank now desire to amend the Executive’s Plan Agreement to fully accrue his Plan benefit, notwithstanding his actual years of service with the Company and the Bank.
The Plan contemplates that the Plan Agreement may be amended by an agreement entered into by the parties.
NOW THEREFORE, it is AGREED:
That effective as of the date hereof, the Executive’s Plan Agreement shall be amended to credit the Executive with fifteen (15) Years of Service for purposes of determining the Executive’s Annual Benefit under the Plan.
Date: October 16, 2007
| Heritage Financial Group | ||||
| /s/ Antone D. Lehr | ||||
| By: Antone D. Lehr, Chairman | ||||
| Heritage Bank of the South | ||||
| /s/ Antone D. Lehr | ||||
| By: Antone D. Lehr, Chairman | ||||
| Executive | ||||
| /s/ O. Leonard Dorminey | ||||
| O. Leonard Dorminey | ||||
