Amendment No. 2 to Employment Agreement, dated as of January 1, 2019, between Midland States Bank and Jeffrey S. Mefford
AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT (this “Amendment”) is made and entered into as of January 1, 2019 (the “Effective Date”) by and between Midland States Bank, an Illinois banking corporation (the “Bank”, hereinafter referred to as the “Employer”), and Jeffrey S. Mefford (“Executive”).
1. The reference in Section 4(b) of the Employment Agreement to a target Incentive Bonus is hereby amended to “not less than sixty percent (60%)”; and the reference to a long-term incentive bonus percentage for the Executive is hereby amended to “fifty-five percent (55%).”
MIDLAND STATES BANKJEFFREY S. MEFFORD
By: /s/ Leon J. Holschbach/s/ Jeffrey S. Mefford
Name:Leon J. Holschbach[Signature]