Amendment to Director's Retirement Plan Agreement between Heritage Financial Group and Lee Stanley

Contract Categories: Human Resources › Retirement Agreements
Summary

Heritage Financial Group and Director Lee Stanley have amended their existing Director's Retirement Plan Agreement. Effective October 16, 2007, Lee Stanley will be credited with fifteen years of service as a director for the purposes of determining his retirement benefits, regardless of his actual years served. This amendment ensures that Stanley's retirement benefits are fully accrued under the plan.

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EX-10.15 6 g10555exv10w15.htm EX-10.15 AMENDMENT TO EXISTING PLAN AGREEMENT-STANLEY EX-10.15  

         
EXHIBIT 10.15
HERITAGE FINANCIAL GROUP
DIRECTOR’S RETIREMENT PLAN
AMENDMENT TO EXISTING PLAN AGREEMENT
      On August 20, 2002, Heritage Bank of the South (the “Bank”) entered into an agreement with the undersigned Director regarding his entitlement under the Heritage Financial Group Director’s Retirement Plan (the “Plan”) (the “Plan Agreement”).
      The Bank now desires to amend the Director’s Plan Agreement to fully accrue his Plan benefit, notwithstanding his actual years of credited service as a director of the Bank or Heritage Financial Group.
      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, for purposes of determining the Director’s entitlement under the Plan, the Director shall be credited with fifteen (15) Years of Credited Service as a Director.
Date: October 16, 2007
         
  Heritage Financial Group
 		  
  /s/ Antone D. Lehr    
  By: Antone D. Lehr, Chairman   
     
 
         
  Director
 		  
  /s/ Lee Stanley    
  Lee Stanley