Amendment to Supplemental Executive Retirement Plan Agreement between Heritage Financial Group, Heritage Bank of the South, and Carol W. Slappey
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Summary
Heritage Financial Group and Heritage Bank of the South have amended their Supplemental Executive Retirement Plan Agreement with executive Carol W. Slappey. This amendment credits Ms. Slappey with fifteen years of service for calculating her retirement benefits, regardless of her actual years worked. The change is effective as of October 16, 2007, and ensures her retirement benefit is fully accrued under the plan.
EX-10.12 3 g10555exv10w12.htm EX-10.12 AMENDMENT TO EXISTING PLAN AGREEMENT-SLAPPEY EX-10.12
EXHIBIT 10.12
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 her 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 her Plan benefit, notwithstanding her 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/ Carol W. Slappey | ||||
| Carol W. Slappey | ||||
