0001174947-16-001972 Sample Contracts

Retention Agreement

Retention Agreement • February 1st, 2016 • Pulaski Financial Corp • Savings institution, federally chartered • Illinois

• Contract Type
  Retention Agreement
• Filed
  February 1st, 2016
• Company
  Pulaski Financial Corp
• Industry
  Savings institution, federally chartered
• Jurisdiction
  Illinois

This Retention Agreement (this “Agreement”) is entered into by and among Busey Bank (“Busey Bank”), Pulaski Bank, National Association (“Pulaski Bank”) and Paul Milano (“Employee”) for the purposes and reasons stated below. As to the obligations of Pulaski Bank and Employee under this Agreement, this Agreement shall be effective as of the date this Agreement is signed by all parties. As to the obligations of Busey Bank, this Agreement shall be effective as of the Effective Time of the Merger (each as defined in the Agreement and Plan of Merger between First Busey Corporation (“First Busey”) and Pulaski Financial Corp. (“PFC”) dated December 3, 2015 (“Merger Agreement”)) under which First Busey is the successor to and assumes certain liabilities of PFC. In the event that the Effective Time shall not occur, as to Busey Bank this Agreement shall be void as of the date it was entered into and of no force and effect.

EMPLOYMENT AGREEMENT

Employment Agreement • February 1st, 2016 • Pulaski Financial Corp • Savings institution, federally chartered • Illinois

• Contract Type
  Employment Agreement
• Filed
  February 1st, 2016
• Company
  Pulaski Financial Corp
• Industry
  Savings institution, federally chartered
• Jurisdiction
  Illinois

This Employment Agreement (this “Agreement”), dated as of January 27, 2016 is entered into by and among First Busey Corporation (“First Busey”), Busey bank (“Busey Bank”), Pulaski bank, National Association (“Pulaski Bank”) and BRIAN BJORKMAN (“Executive”) for the purposes and reasons stated below. As to the obligations of Pulaski Bank and Executive under this Agreement, this Agreement shall be effective as of the date this Agreement is signed by all parties. As to the obligations of First Busey and Busey Bank, this Agreement shall be effective as of the Effective Time of the Merger (each as defined in the Agreement and Plan of Merger between First Busey and Pulaski Financial Corp. (“PFC”) dated December 3, 2015 (“Merger Agreement”)) under which First Busey is the successor to and assumes certain liabilities of PFC. In the event that the Effective Time shall not occur, as to First Busey and Busey Bank this Agreement shall be void as of the date it was entered into and of no force and e