Amendment to Employment Agreement between Home Bank, N.A. and Scott A. Ridley

Summary

This amendment, dated May 27, 2015, is between Home Bank, N.A. and Scott A. Ridley. It extends the term of Mr. Ridley's original employment agreement, which began on January 27, 2014, so that it now ends on June 22, 2017, unless further extended as allowed by the agreement. All other terms of the original employment agreement remain unchanged and in effect.

EX-10.5 6 v411821_ex10-5.htm EXHIBIT 10.5

Exhibit 10.5

 

 

AMENDMENT TO THE

EMPLOYMENT AGREEMENT

 

 

This Amendment (“Amendment”) is entered into as of the 27th day of May 2015, by and between Home Bank, N.A. (the “Bank”) and Scott A. Ridley (the “Executive”).

 

WITNESSETH

 

WHEREAS, the Bank and the Executive previously entered into an Employment Agreement, dated as of January 27, 2014 (the “Agreement”); and

 

WHEREAS, the parties desire to amend the Agreement in order to extend its term, as provided in Section 2(b) thereof.

 

NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows:

 

1.      The last sentence in Section 2(a) of the Agreement is amended and restated to read as follows: “The terms and conditions of this Agreement shall be and remain in effect during the period beginning on the Effective Date of this Agreement and ending on June 22, 2017, plus such extensions, if any, as are provided pursuant to Section 2(b) hereof (the “Employment Period”).”

 

2.      Except to the extent expressly amended hereby, the Agreement shall continue unmodified and shall remain in full force and effect.

 

IN WITNESS WHEREOF, this Amendment has been duly executed by the parties hereto as of the day and year first written above.

 

  HOME BANK, N.A.
   
   
  By:   /s/ John W. Bordelon
  John W. Bordelon
  President and Chief Executive Officer
   
   
  EXECUTIVE
   
   
  /s/ Scott A. Ridley
  Scott A. Ridley