Amendment Number One to the Employment Agreement with Lisa Hughes

EX-10.3 4 tv501592_ex10-3.htm EXHIBIT 10.3

Exhibit 10.3

 

 

HERITAGE BANK OF ST. TAMMANY

 

 

___________________________________________________________________

 

AMENDMENT NUMBER ONE

TO THE EMPLOYMENT AGREEMENT WITH LISA HUGHES

___________________________________________________________________

 

This Amendment Number One (the “Amendment”) to the Employment Agreement (the “Agreement”) entered into between Heritage Bank of St. Tammany (the “Bank”) and Lisa Hughes (the “Executive”) is made by the Bank and the Executive, effective as of August 16, 2018.

 

WHEREAS, the Agreement was entered effective as of February 16, 2017; and

 

WHEREAS, the Bank and the Executive desire to amend the Agreement to extend the term of the Agreement; and

 

WHEREAS, pursuant to Section 15(a) of the Agreement, the Agreement may be amended by an instrument in writing signed by the parties.

 

NOW, THEREFORE, this Amendment is hereby adopted as follows:

 

1.Section 2 of the Agreement is hereby amended to add the following sentence to the end of Section 2(a):

 

“Notwithstanding the foregoing, the term of this Agreement will continue until August 16, 2021, or such other time, as mutually agreed upon by the parties.”

 

IN WITNESS WHEREOF, the Bank and the Executive have signed this Amendment this 20th day of August, 2018.

 

 

  HERITAGE BANK OF ST. TAMMANY  
         
  By: /s/ Jason Hunt  
  Name: Jason Hunt  
    Title: Chairman of the Compensation Committee
         
         
    EXECUTIVE  
         
         
    /s/ Lisa B. Hughes  
    Lisa Hughes