<SEC-DOCUMENT>0001558370-21-001807.txt : 20210225
<SEC-HEADER>0001558370-21-001807.hdr.sgml : 20210225
<ACCEPTANCE-DATETIME>20210225160539
ACCESSION NUMBER:		0001558370-21-001807
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20210219
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210225
DATE AS OF CHANGE:		20210225

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HBT Financial, Inc.
		CENTRAL INDEX KEY:			0000775215
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				371117216
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39085
		FILM NUMBER:		21680227

	BUSINESS ADDRESS:	
		STREET 1:		401 N. HERSHEY ROAD
		CITY:			BLOOMINGTON
		STATE:			IL
		ZIP:			61702
		BUSINESS PHONE:		(309) 662-4444

	MAIL ADDRESS:	
		STREET 1:		401 N. HERSHEY ROAD
		CITY:			BLOOMINGTON
		STATE:			IL
		ZIP:			61702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND BANCORP, INC.
		DATE OF NAME CHANGE:	20190624

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND BANCORP
		DATE OF NAME CHANGE:	19850822
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tmb-20210219x8k.htm
<DESCRIPTION>8-K
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.9.1.77--><!--Created on: 2/25/2021 09:05:31 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-size:14pt;font-weight:bold;">UNITED STATES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-size:14pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-size:14pt;font-weight:bold;">WASHINGTON, D.C. 20549</b></p><div style="padding-left:5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3pt;padding-right:3pt;width:19.92%;"><tr><td style="vertical-align:middle;width:100%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:middle;width:100%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-size:16pt;font-weight:bold;">FORM 8-K</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-size:14pt;font-weight:bold;">CURRENT REPORT PURSUANT TO</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-size:14pt;font-weight:bold;">SECTION 13 OR 15(d) OF THE</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-size:14pt;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;text-align:center;margin:0pt;">Date of report (Date of earliest event reported): February&#160;19, 2021</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;text-align:center;margin:0pt;">&#160;</p><div style="padding-left:5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3pt;padding-right:3pt;width:19.92%;"><tr><td style="vertical-align:middle;width:100%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-size:16pt;font-weight:bold;">HBT FINANCIAL, INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;text-align:center;margin:0pt;">(Exact name of registrant as specified in its charter)</p><div style="padding-left:5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3pt;padding-right:3pt;width:99%;"><tr><td colspan="5" style="vertical-align:middle;width:100%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">&#160;</p></td></tr><tr style="height:4.4pt;"><td style="vertical-align:middle;width:30.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:30.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Delaware</b></p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">001-39085</b></p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">37-1117216</b></p></td></tr><tr><td style="vertical-align:bottom;width:30.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(State or other jurisdiction</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">of incorporation)</p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(Commission File Number)</p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(IRS Employer</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Identification Number)</p></td></tr><tr><td style="vertical-align:top;width:30.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:30.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">401 North Hershey Road</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Bloomington, Illinois</b></p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">61704</b></p></td></tr><tr><td style="vertical-align:top;width:30.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(Address of principal executive offices)</p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:30.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(Zip Code)</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(888)&#160;897-2276</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;text-align:center;margin:0pt;">(Registrant&#8217;s telephone number, including area code)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;margin:0pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( <i style="font-style:italic;">see</i> General Instruction A.2. below):</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><div style="padding-left:5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3pt;padding-right:3pt;width:99%;"><tr><td style="vertical-align:top;width:6.01%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Segoe UI Symbol';">&#9744;</font> </p></td><td style="vertical-align:top;width:93.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:20.7pt;"><td style="vertical-align:top;width:6.01%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Segoe UI Symbol';">&#9744;</font> </p></td><td style="vertical-align:top;width:93.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p></td></tr><tr style="height:18.9pt;"><td style="vertical-align:top;width:6.01%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Segoe UI Symbol';">&#9744;</font> </p></td><td style="vertical-align:top;width:93.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p></td></tr><tr><td style="vertical-align:top;width:6.01%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Segoe UI Symbol';">&#9744;</font> </p></td><td style="vertical-align:top;width:93.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Securities registered pursuant to Section 12(b) of the Act:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:99.9%;"><tr><td style="vertical-align:top;width:37.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Title of each class</p></td><td style="vertical-align:top;width:24.95%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Trading Symbol(s)</p></td><td style="vertical-align:top;width:37.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Name of each exchange on which registered</p></td></tr><tr><td style="vertical-align:top;width:37.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Common Stock, par value $0.01 per share</p></td><td style="vertical-align:top;width:24.95%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">HBT</p></td><td style="vertical-align:top;width:37.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">The Nasdaq Stock Market LLC</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;margin:0pt;">&#160;</p><div style="padding-left:5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3pt;padding-right:3pt;width:99%;"><tr><td style="vertical-align:top;width:95.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). <font style="display:inline-block;width:6.47pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font>Emerging growth company<font style="font-size:16pt;"> </font><font style="font-family:'Times New Roman';font-size:12pt;">&#8999;</font></p></td><td style="vertical-align:top;width:4%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:95.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:4%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:95.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="font-family:'Times New Roman';font-size:12pt;">&#9723;</font></p></td><td style="vertical-align:top;width:4%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;margin:0pt;"><font style="font-size:10pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;text-align:left;">Item 5.02.</b></font><b style="font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;margin:0pt;"><font style="font-size:10pt;font-style:italic;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;margin:0pt;"><font style="font-style:italic;font-weight:bold;">Amended and Restated Employment Agreements</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">On February&#160;19, 2021, the Compensation Committee (the &#8220;Compensation Committee&#8221;) of the Board of Directors (the &#8220;Board&#8221;) of HBT Financial, Inc. (the &#8220;Company&#8221;) approved amended and restated employment agreements (the &#8220;Amended and Restated Employment Agreements&#8221;) for the Company&#8217;s executive officers, including each of the named executive officers: Fred. L. Drake, the Company&#8217;s Chairman and Chief Executive Officer, J. Lance Carter, the Company&#8217;s President and Chief Operating Officer, and Patrick F. Busch, the Company&#8217;s Executive Vice President and Chief Lending Officer (each an &#8220;NEO&#8221; and collectively, the &#8220;NEOs&#8221;). The Amended and Restated Employment Agreements amend and restate the employments agreements entered into with each of the NEOs on October&#160;1, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">The Amended and Restated Employment Agreements extend the initial term of the employment agreements from December&#160;31, 2022 to December&#160;31, 2023, with automatic one-year renewals beginning at the end of the initial term as so extended, unless either party chooses not to renew. The initial annual base salaries under the Amended and Restated Employment Agreements, which are reviewed annually for adjustment by the Board, are $575,700 for Mr. Drake, $454,500 for Mr. Carter and $433,038 for Mr. Busch. The NEOs are eligible to earn a performance-based annual incentive bonus based on the achievement of reasonable performance goals, and beginning in 2021, each NEO is eligible to receive an annual long-term incentive award (&#8220;LTI award&#8221;), subject to the discretion of the Board or its designee. Each NEO&#8217;s target bonus opportunity for 2021 was set at 40% of base salary, and each NEO&#8217;s target LTI award opportunity for 2021 was set at 40% of base salary. In addition, the NEOs are entitled to participate in the benefit plans generally available to Company executives.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Under the Amended and Restated Employment Agreements, upon a termination by the Company without &#8220;cause&#8221; or by NEO for &#8220;good reason&#8221; (each as defined in the agreement), each NEO is eligible to receive severance benefits. If the termination is within 12 months after a &#8220;change in control&#8221; (as defined in the agreement), the NEO is entitled to a lump sum payment equal to two times the sum of such NEO&#8217;s base salary and target bonus, plus a lump sum payment equal to the cost of 18 months of continued COBRA coverage. If the termination is not within 12 months after a change in control, the NEO is entitled to continued base salary for six months after termination. All severance benefits under the agreements are conditioned upon the NEO&#8217;s execution of a release of claims against the Company and its affiliates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">The Amended and Restated Employment Agreements contain confidential information, non-competition, and employee and customer non-solicitation restrictive covenants. The confidential information covenant is perpetual. The non-competition and non-solicitation covenants run during employment and for six months after an involuntary termination not in connection with a change in control, six months after a disability termination, 12 months after a termination for cause or a voluntary termination, and 24 months after an involuntary termination within 12 months of a change in control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Copies of the Amended and Restated Employment Agreements with Mr. Drake, Mr. Carter and Mr. Busch are filed as Exhibits 10.1, 10.2 and 10.3, respectively, and are incorporated herein by reference. The foregoing description is qualified in its entirely by reference to the full text of the Amended and Restated Employment Agreements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-style:italic;font-weight:bold;">RSU and Performance RSU Award Agreements</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">In addition, on February&#160;19, 2021, the Compensation Committee adopted a new form of RSU Award Agreement (the &#8220;RSU Agreement&#8221;) and a new form of Performance RSU Award Agreement (the &#8220;PRSU Agreement&#8221;) to make LTI awards under the HBT Financial, Inc. Omnibus Incentive Plan (the &#8220;Plan&#8221;), as contemplated by the Amended and Restated Employment Agreements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The RSU Agreement provides for the grant of restricted stock unit awards (&#8220;RSUs&#8221;) consisting of the right to receive, upon the vesting date, one share of common stock of the Company for each vested RSU. The vesting of the RSUs is subject to the grantee&#8217;s continued employment or service through the vesting date. Dividend equivalents on the RSUs will accumulate and will vest and be paid at the time the RSU vests.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:18pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">1</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The PRSU Agreement provides for the grant of performance restricted stock unit awards (&#8220;PRSUs&#8221;). The number of PRSUs which may be earned and become vested depends on the Company&#8217;s achievement of average annual return on tangible common equity (&#8220;ROATCE&#8221;), both in absolute and relative terms, over a three year performance period (the &#8220;Performance Period&#8221;). If average annual ROATCE for the Performance Period is less than 5%, no PRSUs will be earned. If average annual ROATCE for the Performance Period is 5% or more but less than 17%, the PRSUs will be earned at between 25% and 150% of target depending upon percentile rank within a group of companies. If average annual ROATCE for the Performance Period is 17% or greater, the PRSUs will be earned at 150%. The vesting of the PRSUs is subject to the grantee&#8217;s continued employment or service through the vesting date. Dividend equivalents on the PRSUs will accumulate and will vest and be paid at the time the PRSU vests.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Copies of the form of RSU Agreement and the form of PRSU agreement are filed as Exhibits 10.4 and 10.5, respectively, and are incorporated herein by reference. The foregoing description of the form of RSU Agreement is qualified in its entirety by reference to the full text of the RSU Agreement and the PRSU Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">On February&#160;19, 2021, the Committee approved grants of RSUs and PRSUs to its directors and executive officers, including the named executive officers as follows: Fred L. Drake, Chairman and Chief Executive Officer&#160;&#8211; 7,428 RSUs and 7,428 PRSUs; J. Lance Carter, President and Chief Operating Officer&#160;&#8211; 5,865 RSUs and 5,865 PRSUs; and Patrick F. Busch&#160;&#8211; 5,588 RSUs and 5,588 PRSUs. <font style="background-color:#ffffff;font-family:'Times';">The RSUs vest in three annual installments, with 33% vesting on February&#160;28, 2022, 33% vesting on February&#160;28, 2023, and 34% vesting on February&#160;29, 2024</font>. The Performance Period for the PRSUs is January&#160;1, 2021 through December&#160;31, 2023 and, if earned, the PRSUs will vest on February&#160;29, 2024. The RSUs and PRSUs were granted pursuant to the forms of RSU Agreement and PRSU Agreement described above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;margin:0pt;"><b style="font-weight:bold;">Item 9.01. Financial Statements and Exhibits.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;min-height:14.4pt;margin:0pt;"><font style="font-size:10pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Exhibit&#160;Number</b></p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Description of Exhibit</b></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">10.1</p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="tmb-20210219xex10d1.htm"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Amended and Restated Employment Agreement, dated as of February&#160;22, 2021, by and between the Company and Fred L. Drake.</font></a></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">10.2</p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="tmb-20210219xex10d2.htm"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Amended and Restated Employment Agreement, dated as of February&#160;22, 2021, by and between the Company and J. Lance Carter.</font></a></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">10.3</p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="tmb-20210219xex10d3.htm"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Amended and Restated Employment Agreement, dated as of February&#160;22, 2021, by and between the Company and Patrick F. Busch.</font></a></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">10.4</p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="tmb-20210219xex10d4.htm"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Form of Restricted Stock Unit Award Agreement.</font></a></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:16.59%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">10.5</p></td><td style="vertical-align:top;width:83.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="tmb-20210219xex10d5.htm"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Form of Performance Restricted Stock Unit Award Agreement.</font></a></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:18pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:14.4pt;margin:0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p><div style="padding-left:5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3pt;padding-right:3pt;width:99%;"><tr style="height:1pt;"><td style="vertical-align:middle;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:middle;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:middle;width:45.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td colspan="3" style="vertical-align:middle;width:100%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:middle;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:45.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:bottom;width:51%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">HBT FINANCIAL, INC.</b></p></td></tr><tr><td style="vertical-align:bottom;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:45.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:45.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">By:</p></td><td style="vertical-align:bottom;width:45.98%;border-bottom:1.5pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">/s/ Matthew J. Doherty</p></td></tr><tr><td style="vertical-align:bottom;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:45.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Name: Matthew J. Doherty</p></td></tr><tr><td style="vertical-align:bottom;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:45.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Title: Chief Financial Officer</p></td></tr><tr><td style="vertical-align:bottom;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:45.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.99%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Date: February&#160;25, 2021</p></td><td style="vertical-align:bottom;width:5.02%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:45.98%;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:18pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">3</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:avoid;width:82.35%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tmb-20210219xex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.9.1.77--><!--Created on: 2/25/2021 09:05:14 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">AMENDED AnD RESTATED EMPLOYMENT AGREEMENT</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">This Amended and Restated Employment Agreement (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Agreement</u>&#8221;) is made and entered into as of the Effective Date (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) by and among HBT Financial, Inc., a Delaware corporation (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">HBT</u>&#8221;), Heartland Bank and Trust Company, an Illinois state chartered bank (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Bank</u>,&#8221; and together with HBT, &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Heartland</u>&#8221;), and Employee (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">you</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">All references in this Agreement to <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u> are to <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u> hereto.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">RECITALS</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">A.</font></font>Heartland desires to continue to employ you in the Position (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) under the terms of this Agreement, and you desire to continue to be so employed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">B.</font></font>Heartland and you have made commitments to each other on a variety of important issues concerning your employment, including the performance that will be expected of you, the compensation you will be paid, how long and under what circumstances you will remain employed and the financial details relating to any decision that either Heartland or you may make to terminate this Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">C.</font></font>Heartland and you desire to amend and restate the existing employment agreement (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Existing Employment Agreement</u>&#8221;) between you and HBT, the Bank, or any Affiliate.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">AGREEMENTS</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">In consideration of the foregoing and the mutual promises and covenants of you and Heartland set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, you and Heartland, intending to be legally bound, hereby expressly covenant and agree as follows:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">1.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Existing Employment Agreement</u>. &#160;The Existing Employment Agreement is hereby amended and restated in its entirety as of the Effective Date.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">2.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Employment Period</u>. &#160;Heartland will employ you, and you will be employed, during the Employment Period in accordance with the terms of this Agreement. &#160;The &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Employment Period</u>&#8221; will be the period beginning on the Effective Date and ending on the Initial Expiration Date (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), unless terminated earlier under <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u> below, <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u> that the Employment Period will automatically be extended for 1 additional year beginning on the Initial Expiration Date and on each December&#160;31st thereafter unless either party hereto notifies the other, by written notice delivered no later than 60 days before such December&#160;31st, that the Employment Period will not be extended for an additional year.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">3.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Duties</u>. &#160;During the Employment Period, you will devote your full business time, energies, and talents to serving in the Position, at the direction of HBT&#8217;s Board of Directors (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Board</u>&#8221;), the Bank&#8217;s Board of Directors, and the Reporting Person (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>). &#160;You will have such duties and responsibilities as may be assigned to you from time to time by the Reporting Person, which duties and responsibilities will be commensurate with your Position. &#160;You will perform all duties assigned to you faithfully and efficiently, subject to the direction of the </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">Reporting Person. &#160;You will have such authorities and powers as are inherent to the undertakings applicable to your Position and necessary to carry out the responsibilities and duties required of you under this Agreement. &#160;You will perform the duties required by this Agreement at Location of Employment (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), or such other location agreed to by you and Heartland, unless the nature of such duties requires otherwise. &#160;Notwithstanding the foregoing terms of this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;3</u>, during the Employment Period, you may devote reasonable time to activities other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature (including professional associations) to the extent such activities do not, in the judgment of the Reporting Person, inhibit, prohibit, interfere with, or conflict with your duties under this Agreement or conflict in any material way with the business of Heartland or any Affiliate; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u><i style="font-style:italic;">, </i><u style="text-decoration:underline;text-decoration-color:#000000;">however</u><i style="font-style:italic;">,</i> that you will not serve on the board of directors of any business (other than Heartland or an Affiliate) or hold any other position with any business without receiving the prior written consent of the Reporting Person.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">4.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Compensation and Benefits</u>. &#160;Subject to the terms of this Agreement, during the Employment Period, Heartland will compensate you for your services as follows:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Base Salary</u>. &#160;You will be entitled to receive a salary at an annual rate of the Base Salary (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), which will be payable in accordance with the normal payroll practices of Heartland then in effect. &#160;Beginning on the Effective Date and on each January&#160;1st thereafter during the Employment Period, your Base Salary will be reviewed by the Board or its designee.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Annual Bonuses</u>. &#160;You will be eligible to receive performance-based annual incentive bonuses (each, an &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Incentive Bonus</u>&#8221;) for each fiscal year ending during the Employment Period. &#160;Any such Incentive Bonus will be paid to you within 30 days of the completion of the respective fiscal year audit by Heartland&#8217;s auditor, but in no event later than 74 days after the close of each such fiscal year. &#160;During the Employment Period, your target Incentive Bonus opportunity will be as determined by the Board or its designee from time to time, subject at all times to the discretion of the Board or its designee; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u><i style="font-style:italic;">, </i><u style="text-decoration:underline;text-decoration-color:#000000;">however</u><i style="font-style:italic;">, </i>that as of the Effective Date, your target Incentive Bonus opportunity will be the Target Bonus (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>). &#160;The Board or its designee will establish reasonable performance goals necessary for you to receive an Incentive Bonus (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Performance Goals</u>&#8221;), and your actual Incentive Bonus will scale above and below the Target Bonus in proportion to your achievement of the Performance Goals. &#160;For the avoidance of doubt, your actual Incentive Bonus payable for any year may be $0.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Annual LTI Awards; Other Incentive Plans</u>. &#160;Beginning in 2021, you will be eligible to receive annual long-term incentive awards (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">LTI Awards</u>&#8221;). During the Employment Period, your target annual LTI Awards will be as determined by the Board or its designee from time to time, subject at all times to the discretion of the Board or its designee; provided, however, that as of the Effective Date, your target annual LTI Awards opportunity will be the Annual LTI Awards Target (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit A</u>) The actual amount of your annual LTI awards will be determined by the Board or its designee on as favorable a basis as other similarly situated and performing senior executives of Heartland and shall generally be subject to the same terms and conditions applicable to similarly situated and performing senior executives of Heartland, subject at all times to the discretion of the Board or its designee. Each LTI Award will be subject to and governed in all respects by the terms of the award agreement applicable to such LTI Award. You </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">2</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">will also be eligible to participate, subject to the terms thereof, in all other incentive plans and programs of Heartland as may be in effect from time to time with respect to similarly situated and performing senior executives of Heartland, on as favorable a basis as other similarly situated and performing senior executives of Heartland. </div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Employee Benefits</u>. During the Employment Period, you and your dependents (where applicable) will be eligible to participate, subject to the terms thereof, in all retirement plans and all medical, dental, vision, disability, group and executive life, accidental death and travel accident insurance, and other similar welfare benefit plans and programs of Heartland as may be in effect from time to time with respect to similarly situated and performing senior executives of Heartland, on as favorable a basis as other similarly situated and performing senior executives of Heartland.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Paid Time Off</u>. &#160;You will be entitled to accrue paid time off (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">PTO</u>&#8221;) at a rate of Annual PTO Days (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) per calendar year, subject to Heartland&#8217;s PTO programs and policies, including with respect to forfeiture of unused PTO days, as may be in effect during the Employment Period.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Reimbursements</u>. &#160;You will be eligible for reimbursement of all reasonable business expenses that you actually incur in the course of performing your duties and responsibilities under this Agreement, subject to Heartland&#8217;s reimbursement programs and policies as may be in effective during the Employment Period.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">5.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Termination and Rights upon Termination</u>. &#160;Your right to compensation, if any, upon Termination will be determined in accordance with this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u>. &#160;<u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5.f</u> below contains certain definitions applicable under this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u> and this Agreement overall.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Minimum Benefits</u>. &#160;Upon your Termination for any reason, you will be entitled to the Minimum Benefits from Heartland, in addition to any other compensation to which you may be entitled under this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u>, under the express terms of any Heartland or Affiliate employee benefit plan, or under applicable law.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Termination for Cause, Disability, Death, Resignation, Non-Extension</u>. &#160;Upon your Termination for any reason other than Involuntary Termination&#8212;including your Termination (i)&#160;for Cause, (ii)&#160;due to your Disability, (iii)&#160;due to your death, (iv)&#160;initiated by you without Good Reason, or (v)&#160;due to non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above&#8212;then, other than the Minimum Benefits, you will have no right to compensation under this Agreement (and Heartland will have no obligation to provide any such compensation) for periods after your Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Involuntary Termination</u>. &#160;If you incur an Involuntary Termination, then, in addition to the Minimum Benefits, Heartland will provide you the following compensation (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Severance Benefits</u>&#8221;), subject to <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5.c.iii</u> below:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Outside a Covered Period</u>. &#160;If your Involuntary Termination occurs outside of a Covered Period, you will be entitled to continued payment of your Base Salary for Outside Covered Period Severance Months (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), in accordance with </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">3</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">Heartland&#8217;s normal payroll practices, commencing on the 60th day following your Involuntary Termination;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Inside a Covered Period</u>. &#160;If your Involuntary Termination occurs inside a Covered Period, you will be entitled to the following Severance Benefits:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">A.</font>a lump sum payment equal to Covered Period Severance Amount (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), payable upon your Involuntary Termination; and</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">B.</font>a lump sum payment equal to the cost of COBRA Months (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) of COBRA premiums as of your Involuntary Termination, payable upon your Involuntary Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Release</u>. &#160;Notwithstanding anything in this Agreement to the contrary, no Severance Benefits will be owed to you unless you execute and deliver to Heartland a general release and waiver of claims against Heartland and each Affiliate within 45 days after your Termination, and any applicable revocation period has expired before 60 days after your Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">LTI Awards, Incentives and Employee Benefits</u>. &#160;Your rights after a Termination with respect to any benefits, incentives, or awards, including but not limited to LTI Awards and other incentives, provided to you under any plan, program, or arrangement sponsored or maintained by Heartland or an Affiliate, whether tax-qualified or not, which are not specifically addressed in this Agreement, will be subject to the terms of such plan, program, arrangement or award agreement, and this Agreement will have no effect upon such terms except as specifically provided herein.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Removal from any Boards and Positions</u>. &#160;Upon Termination, you will be deemed to resign (i)&#160;if a member, from any board to which you have been appointed or nominated by or on behalf of Heartland or an Affiliate, (ii)&#160;from each position with Heartland and each Affiliate, including as an officer of Heartland and each Affiliate, and (iii)&#160;as a fiduciary of any employee benefit plan of Heartland or an Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Definitions</u>.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Affiliate</u>&#8221; means: &#160;(a)&#160;any corporation, trade, or business that is directly or indirectly controlled 50% or more (whether by ownership of stock, assets, or an equivalent ownership interest or voting interest) by HBT or the Bank; (b)&#160;any trade or business that directly or indirectly controls 50% or more (whether by ownership of stock, assets, or an equivalent ownership interest or voting interest) of HBT or the Bank; and (c)&#160;any other entity in which HBT or the Bank has a material equity interest.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Cause</u>&#8221; means any of the following acts or omissions committed by you:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>material breach of any written agreement entered into with Heartland or an Affiliate, including this Agreement;</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">4</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>material failure to adhere to, or material breach of, any written Heartland or Affiliate policy, code of conduct, rule, or procedure;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>misconduct, dishonesty, fraud, negligence, malfeasance, intentional misrepresentation, moral turpitude, illegality, harassment, or insubordination, which subjects, or if generally known would subject, Heartland or an Affiliate, or any customer or client or former customer or client of Heartland or an Affiliate (collectively, the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Heartland Parties</u>&#8221;) to financial or reputational harm or public ridicule or embarrassment;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>breach of a fiduciary duty owed to a Heartland Party;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">v.</font>commission of a criminal act, whether or not performed in the workplace, that subjects, or if generally known would subject, a Heartland Party to financial or reputational harm or public ridicule or embarrassment; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">vi.</font>improper or intentional conduct causing material financial or reputational harm to a Heartland Party.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">A Termination for Cause will be deemed to include a determination by Heartland after your Termination that circumstances existing before your Termination would have entitled Heartland or an Affiliate to have terminated your service for Cause.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Change in Control</u>&#8221; means:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>any &#8220;person,&#8221; as that term is used in Sections&#160;13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Exchange Act</u>&#8221;) (other than HBT, any trustee or other fiduciary holding securities under any employee benefit plan of HBT, or any company owned, directly or indirectly, by the HBT stockholders in substantially the same proportions as their ownership of HBT common stock), becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of HBT representing 50% or more of the combined voting power of HBT&#8217;s then outstanding securities;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>during any period of 24 consecutive calendar months, individuals who were directors serving on the Board on the first day of such period (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Incumbent Directors</u>&#8221;) cease for any reason to constitute a majority of the Board; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that any individual becoming a director subsequent to the first day of such period whose election, or nomination for election, by the HBT stockholders was approved by a vote of at least 2/3 of the Incumbent Directors will be considered as though such individual were an Incumbent Director, but excluding, for purposes of this proviso, any such individual whose initial assumption of office occurs as a result of an actual or threatened proxy contest with respect to election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a &#8220;person&#8221; (as used in Section&#160;13(d) of the Exchange Act), in each case other than the Board;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>consummation of a reorganization, merger, consolidation, or other business combination (any of the foregoing, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Business Combination</u>&#8221;) of HBT or any direct or indirect subsidiary of HBT with any other corporation, in any case with respect to </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">5</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">which HBT voting securities outstanding immediately prior to such Business Combination do not, immediately following such Business Combination, continue to represent (either by remaining outstanding or being converted into voting securities of HBT or any ultimate parent thereof) more than 50% of the then outstanding voting securities entitled to vote generally in the election of directors of HBT (or its successor) or any ultimate parent thereof after the Business Combination; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>a complete liquidation or dissolution of HBT or the consummation of a sale or disposition by HBT of all or substantially all of HBT&#8217;s assets other than the sale or disposition of all or substantially all of the assets of HBT to a person or entity who beneficially own, directly or indirectly, 50% or more of the combined voting power of the outstanding voting securities of HBT at the time of the sale.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">Notwithstanding the foregoing terms of this definition, with respect to any amount that is characterized as &#8220;nonqualified deferred compensation&#8221; within the meaning of Section&#160;409A, an event will not be considered to be a Change in Control under this Agreement for purposes of payment of such amount unless such event is also a &#8220;change in control event&#8221; within the meaning of Section&#160;409A. &#160;Further notwithstanding the foregoing terms of this definition, the occurrence of the date on which HBT consummates the sale of its common stock in a bona fide, firm commitment underwriting pursuant to a registration statement under the Securities Act (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Registration Date</u>&#8221;), or any change in the composition of the Board within 1 year after the Registration Date, will not be considered a Change in Control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Covered Period</u>&#8221; means the period beginning upon a Change in Control and ending 12 months after the Change in Control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Disability</u>&#8221; means that (i)&#160;you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii)&#160;you are, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident or health plan covering employees of Heartland.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Good Reason</u>&#8221; means the occurrence of any one of the following events, unless you agree in writing that such event will not constitute Good Reason:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>a material and adverse change in the nature, scope, or status of your position, authorities, or duties;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>a reduction of 10% or more in your Base Salary, Target Bonus opportunity or Annual LTI Awards Target opportunity, other than as a result of a change in mix which occurs before a Change in Control and does not result in a reduction of 10% or more in the aggregate amount of your Base Salary, Target Bonus opportunity and Annual LTI Awards Target opportunity;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>relocation of your primary place of employment by more than 25&#160;miles;</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">6</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>a material breach by Heartland of this Agreement.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">Notwithstanding anything in this definition to the contrary, before your Termination for Good Reason, you must give Heartland written notice of the existence of any condition set forth in clause&#160;i. &#8211; iv. immediately above within 30 days of the date you become (or reasonably should have become) aware of its existence and Heartland will have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason. &#160;If, during such 30-day period, Heartland cures the condition giving rise to Good Reason, the condition will not constitute Good Reason.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Involuntary Termination</u>&#8221; means your Termination either initiated:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>by Heartland without Cause, including non-extension of the Employment Period by Heartland without Cause in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above (but not including your Termination due to death or Disability); or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>by you for Good Reason (but not including non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above).</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Minimum Benefits</u>&#8221; means, as applicable, the following:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>your earned but unpaid Base Salary for the period ending on your Termination;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>your earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding your Termination, payable within 30 days of your Termination; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that you will not, in any event, be entitled to any Incentive Bonus if your Termination is for Cause; </div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>your accrued but unpaid PTO for the period ending on your Termination; and</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>your rights with respect to any benefits, incentives, or awards as described in <u style="text-decoration:underline;text-decoration-color:#000000;">Section 5.d</u> above.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Termination</u>&#8221; means termination of your employment with Heartland and all Affiliates, after the Effective Date and before the end of the Employment Period.</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">6.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Restrictive Covenants</u>. &#160;You acknowledge that you have been and will continue to be provided intimate knowledge of the business practices, trade secrets, and other confidential and proprietary information of Heartland and the Affiliates, which, if exploited by you, would seriously, adversely, and irreparably affect the interests of Heartland and the Affiliates and the ability of each to continue its business; you therefore will be bound by the restrictions contained in this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u> (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restrictive Covenants</u>&#8221;).</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">7</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Confidential Information</u>.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>You acknowledge that, during the course of your employment with Heartland, you may produce and have access to confidential or proprietary, non-public information concerning the Heartland Parties, including marketing materials, financial and other information concerning customers and prospective customers, customer lists, records, data, trade secrets, proprietary business information, pricing and profitability information and policies, strategic planning, commitments, plans, procedures, litigation, pending litigation and other information not generally available to the public (collectively, &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Confidential Information</u>&#8221;). &#160;You will not, at any time, directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other than Heartland, except to the extent such disclosure is authorized in writing by the Reporting Person, required by law or any competent administrative agency or judicial authority, or otherwise as necessary or appropriate in connection with the performance of your duties under this Agreement. &#160;If you receive a subpoena or other court order or are otherwise required by law to provide information to a governmental authority or other person concerning the activities of Heartland or an Affiliate, or your activities in connection with the business of Heartland or an Affiliate, you will immediately notify the Reporting Person of such subpoena, court order, or other requirement and deliver forthwith a copy thereof and any attachments and non-privileged correspondence related thereto. &#160;You will take reasonable precautions to protect against the inadvertent disclosure of Confidential Information. &#160;You will abide by Heartland&#8217;s policies respecting avoidance of interests conflicting with those of Heartland or an Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>You will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A)&#160;is made (1)&#160;in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (2)&#160;solely for the purpose of reporting or investigating a suspected violation of law; or (B)&#160;is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. &#160;Accordingly, you have the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. &#160;You also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure. &#160;Nothing in this Agreement is intended to conflict with 18 U.S.C. &#167;&#160;1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. &#167;&#160;1833(b). Nothing in this Agreement will be construed to authorize, or limit liability for, an act that is otherwise prohibited by law, such as the unlawful access of material by unauthorized means.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>Nothing contained in this Agreement, including this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.a</u>, will limit your ability to file a charge or complaint with any governmental, administrative, or judicial agency (each, an &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Agency</u>&#8221;) under any applicable whistleblower statute or program (each, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Whistleblower Program</u>&#8221;). &#160;You acknowledge that nothing in this Agreement or this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.a</u> limits (A)&#160;your ability to communicate in connection with a charge or complaint under any Whistleblower Program with any Agency or otherwise participate in any investigation or proceeding that may be conducted by such Agency, </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">8</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">including providing documents or other information, without notice to Heartland or any Affiliate, or (ii)&#160;your right to receive an award for information provided to such Agency under any Whistleblower Program.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Documents and Property</u>.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>All records, files, documents, and other materials or copies thereof relating to the business of Heartland or an Affiliate that you prepare, receive, or use will be and remain the sole property of Heartland and, other than in connection with the performance of your duties under this Agreement, may not be removed from the premises of Heartland or an Affiliate without Heartland&#8217;s prior written consent, and will be promptly returned to Heartland upon your Termination, together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made from or about the records, files, documents, or other materials.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>You acknowledge that your access to and permission to use Heartland&#8217;s and the Affiliates&#8217; computer systems, networks, and equipment, and all Heartland and Affiliate information contained therein, is restricted to legitimate business purposes on behalf of Heartland. &#160;Any other access to or use of such systems, network, equipment, and information is without authorization and is prohibited except you may use a Heartland-provided computer for reasonable personal use in accordance with Heartland&#8217;s technology use policy as in effect from time to time. &#160;The restrictions contained in this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.b</u> extend to any of your personal computers or other electronic devices that are used for business purposes relating to Heartland or an Affiliate. &#160;You may not transfer any Heartland or Affiliate information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to Heartland. &#160;Upon your Termination, your authorization to access and permission to use Heartland&#8217;s and the Affiliates&#8217; computer systems, networks, and equipment, and any Heartland and Affiliate information contained therein, will cease.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Non-Competition and Non-Solicitation</u>. &#160;You and Heartland have agreed that the primary service area of Heartland&#8217;s operations, including its lending and deposit taking functions, in which you will actively participate extends to an area that encompasses a 25-mile radius from each banking or other office location of Heartland and each Affiliate where you have provided services to Heartland or an Affiliate during the 6-month period immediately before your Termination (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restricted Area</u>&#8221;). &#160;Therefore, as an essential ingredient of and in consideration of this Agreement and your employment with Heartland, you, during your employment with Heartland and during the Restricted Period (as defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), whether your employment termination occurs during the Employment Period or thereafter, will not directly or indirectly do any of the following:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>Engage or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation or control of, be employed by, associated with or in any manner connected with, serve as a director, officer or consultant to, lend your name or any similar name to, lend your credit to or render services or advice to, in each case in the capacity that you provided services to Heartland or an Affiliate, any person, firm, partnership, corporation, or trust that owns, operates, or is in the process of </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">9</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">forming a bank, savings bank, savings and loan association, credit union, or similar financial institution (each, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Financial Institution</u>&#8221;) with an office located, or to be located at an address identified in a filing with any regulatory authority, within the Restricted Area; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that your ownership of shares of capital stock of any Financial Institution, which shares are listed on a securities exchange or quoted on the National Association of Securities Dealers Automated Quotation System and which do not represent more than 5% of the institution&#8217;s outstanding capital stock, will not violate any terms of this Agreement;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>Either on your own behalf or on behalf of any Financial Institution: &#160;(A)&#160;induce or attempt to induce any employee of Heartland or any Affiliate with whom you had significant contact to leave the employ of Heartland or any Affiliate; (B)&#160;in any way interfere with the relationship between Heartland or any Affiliate and any employee of Heartland or any Affiliate with whom you had significant contact; or (C)&#160;induce or attempt to induce any customer, supplier, licensee, or business relation of Heartland or any Affiliate with whom you had significant contact to cease doing business with Heartland or any Affiliate or in any way interfere with the relationship between Heartland or any Affiliate and their respective customers, suppliers, licensees, or business relations with whom you had significant contact;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>Either on your own behalf or on behalf of any Financial Institution, solicit the business of any person or entity known to you to be a customer of Heartland or any Affiliate, where you had significant contact with such person or entity, with respect to products, activities, or services that compete in whole or in part with the products, activities, or services of Heartland or any Affiliate; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>Serve as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any Financial Institution within the Restricted Area, with respect to products, activities, or services that you devoted time to on behalf of Heartland or any Affiliate and that compete in whole or in part with the products, activities, or services of Heartland or any Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Works Made for Hire Provisions</u>. &#160;You and Heartland acknowledge that all work performed by you for Heartland or any Affiliate will be deemed a &#8220;work made for hire.&#8221; Heartland will at all times own and have exclusive right, title, and interest in and to all Confidential Information and Inventions, and Heartland will retain the exclusive right to license, sell, transfer, and otherwise use and dispose of the same. &#160;Any and all enhancements of the technology of Heartland or any Affiliate that are developed by you will be the exclusive property of Heartland. &#160;You hereby assign to Heartland any right, title, and interest in and to all Inventions that you may have, by law or equity, without additional consideration of any kind whatsoever from Heartland or any Affiliate. &#160;You will execute and deliver any instruments or documents and do all other things (including the giving of testimony) requested by Heartland (both during and after your Termination) in order to vest more fully in Heartland all ownership rights in the Inventions (including obtaining patent, copyright, or trademark protection therefor in the United States or foreign countries). &#160;&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Inventions</u>&#8221; means all systems, procedures, techniques, manuals, databases, plans, lists, inventions, trade secrets, copyrights, patents, trademarks, discoveries, innovations, concepts, ideas, and software conceived, compiled, or developed by you in the course of your </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">10</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">employment with Heartland or any Affiliate or comprised, in whole or part, of Confidential Information. &#160;Notwithstanding the foregoing sentence, Inventions will not include: &#160;(i)&#160;any inventions independently developed by you and not derived, in whole or part, from any Confidential Information or (ii)&#160;any invention made by you before your exposure to any Confidential Information.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Remedies for Breach of Restrictive Covenant</u>. &#160;You have reviewed this Agreement with legal counsel, or have been given adequate opportunity to seek such counsel, and you acknowledge that Restrictive Covenants are reasonable with respect to their duration, geographical area, and scope. &#160;You further acknowledge that the Restrictive Covenants are reasonable and necessary for the protection of the legitimate business interests of Heartland, that they create no undue hardships, that any violation of the Restrictive Covenants would cause substantial injury to Heartland and such interests, and that such Restrictive Covenants were a material inducement to Heartland to enter into this Agreement. &#160;In the event of any violation or threatened violation of any Restrictive Covenants, Heartland, in addition to and not in limitation of, any other rights, remedies, or damages available to it under this Agreement or otherwise at law or in equity, will be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by you and any and all persons directly or indirectly acting for or with you.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Other Agreements</u>. &#160;In the event of the existence of any other agreement between you and Heartland or an Affiliate that (i)&#160;is in effect during the Restricted Period, and (ii)&#160;contains restrictive covenants that conflict with any of the terms of this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u>, then the more restrictive of such terms from such agreements will control for the period during which such agreements would otherwise be in effect.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">g.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Tolling</u>. &#160;If you violate any of the terms of the Restrictive Covenants, the obligation at issue will run from the first date on which you cease to be in violation of such obligation.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">7.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Notices</u>. &#160;Notices and all other communications under this Agreement will be in writing and will be deemed given when mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: &#160;if to Heartland, to Heartland&#8217;s principal headquarters to the attention of the Reporting Person; and if to you, to your most recent address on file with Heartland, or, in either case, to such other address as either party hereto may furnish to the other in writing, except that notices of changes of address will be effective only upon receipt.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">8.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Applicable Law</u>. &#160;All questions concerning the construction, validity, and interpretation of this Agreement and the performance of the obligations imposed by this Agreement will be governed by the internal laws of the State of Illinois applicable to agreements made and wholly to be performed in such state without regard to conflicts of law provisions of any jurisdiction.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">9.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Mandatory Arbitration</u>. &#160;Except as provided in <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u> above, if any dispute or controversy arises under or in connection with this Agreement, and such dispute or controversy cannot be settled through negotiation, you and Heartland will first try in good faith to settle the dispute or controversy by mediation administered by the American Arbitration Association under its Commercial Mediation Procedures. &#160;If such mediation is not successful, the dispute or </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">11</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">controversy will be settled exclusively by arbitration in accordance with the Employment Arbitration Rules of the American Arbitration Association then in effect. &#160;Judgment may be entered on the arbitrator&#8217;s award in any court having jurisdiction. &#160;Notwithstanding the foregoing, Heartland may resort to the Circuit Court of McLean County, Illinois for injunctive and such other relief as may be available if you engage in conduct, after termination of your employment with Heartland and its Affiliates, that amounts to a violation of the Illinois Trade Secrets Act, amounts to unlawful interference with the business expectations of Heartland or any Affiliate, or violates the Restrictive Covenants. &#160;The FDIC may appear at any arbitration hearing but any decision made thereunder will not be binding on the FDIC.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">10.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Entire Agreement</u>. &#160;This Agreement constitutes the entire agreement between you and Heartland concerning the subject matter hereof, and supersedes all prior negotiations, undertakings, agreements, and arrangements with respect thereto, whether written or oral, including the Prior Agreement. &#160;If a court of competent jurisdiction determines that any term of this Agreement is invalid or unenforceable, then the invalidity or unenforceability of that term will not affect the validity or enforceability of any other term of this Agreement and all other terms will remain in full force and effect. &#160;The various terms of this Agreement are intended to be severable and to constitute independent and distinct binding obligations. &#160;Without limiting the generality of the foregoing, if the scope of any term contained in this Agreement is too broad to permit enforcement to its full extent, such term will be enforced to the maximum extent permitted by law, and such scope may be judicially modified accordingly.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">11.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Withholding of Taxes</u>. &#160;Heartland may withhold from any amounts payable under this Agreement all taxes as may be required by law.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">12.</font><u style="text-decoration:underline;text-decoration-color:#000000;">No Assignment</u>. &#160;Your rights to receive benefits under this Agreement will not be assignable or transferable whether by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution. &#160;In the event of any attempted assignment or transfer contrary to this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;12</u>, Heartland will have no liability to pay any amount so attempted to be assigned or transferred. &#160;This Agreement will inure to the benefit of and be enforceable by your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">13.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Successors</u>. &#160;This Agreement will be binding upon and inure to the benefit of HBT, the Bank, and their successors and assigns.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">14.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Amendment</u>. &#160;This Agreement may not be amended or modified except by written agreement signed by you and Heartland.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">15.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;409A</u>. &#160;This Agreement is intended to comply with Section&#160;409A (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;409A</u>&#8221;) of the Internal Revenue Code of 1986, as amended, or an exemption thereunder and will be construed and administered in accordance with Section&#160;409A. &#160;Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section&#160;409A or an applicable exemption. &#160;Any payments under this Agreement that may be excluded from Section&#160;409A either as separation pay due to an involuntary separation from service or as a short-term deferral will be excluded from Section&#160;409A to the maximum extent possible. &#160;For purposes of Section&#160;409A, each installment </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">12</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">payment provided under this Agreement will be treated as a separate payment. &#160;Any payments to be made under this Agreement upon a termination of employment will only be made upon a &#8220;separation from service&#8221; under Section&#160;409A. &#160;To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Section&#160;409A, such reimbursements and in-kind benefit payments will be made in accordance with Treasury Regulation Section&#160;1.409A-3(i)(1)(iv). &#160;Notwithstanding anything in this Agreement to the contrary, if any payment or benefit provided to you in connection with your termination of employment is determined to constitute &#8220;nonqualified deferred compensation&#8221; within the meaning of Section&#160;409A and you are determined to be a &#8220;specified employee&#8221; under Section&#160;409A, then such payment or benefit will not be paid until the first payroll date to occur following the 6-month anniversary of your termination of employment or, if earlier, upon your death (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Specified Employee Payment Date</u>&#8221;). &#160;The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date will be paid to you, without interest, in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments will be paid without delay in accordance with their original schedule. &#160;Notwithstanding the foregoing, Heartland makes no representations that the payments and benefits provided under this Agreement comply with Section&#160;409A, and in no event will Heartland be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by you on account of non-compliance with Section&#160;409A.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">16.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Survival</u>. &#160;The terms of <u style="text-decoration:underline;text-decoration-color:#000000;">Sections&#160;5</u> through <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;15</u> above and this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;16</u> will survive the termination of this Agreement.</div><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:0pt;margin:0pt;"><font style="font-size:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">13</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">IN WITNESS WHEREOF</b>, you and HBT have executed this Agreement as of the Effective Date.</p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><b style="font-weight:bold;">EXECUTIVE</b><br><br><br>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   /s/&#160;Fred L. Drake</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:31.42pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><br><br>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   Fred L. Drake</u><u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:-8.2pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>                                                                </u></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><b style="font-weight:bold;">HBT FINANCIAL, INC.</b><br><br><br>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   /s/&#160;J. Lance Carter</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:57.47pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:7.9pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><br><br>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  J. Lance Carter</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:39.11pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u> </u><u style="text-decoration:underline;text-decoration-color:#000000;"><br><br></u>Title:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  President and Chief Operating Officer</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:0pt;margin:0pt;"><font style="font-size:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">14</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><u style="text-decoration:underline;">Exhibit&#160;A</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Employee</u>&#8221;: &#160;Fred L. Drake</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Effective Date</u>&#8221;: &#160;February 22, 2021</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Position</u>&#8221;: &#160;Chairman and Chief Executive Officer of HBT Financial, Inc. and Chairman of Heartland Bank and Trust Company</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Initial Expiration Date</u>&#8221;: &#160;December 31, 2023</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Reporting Person</u>&#8221;: &#160;Board of Directors of HBT Financial, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Location of Employment</u>&#8221;: &#160;Principal headquarters of HBT Financial, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Base Salary</u>&#8221;: &#160;$575,700</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Target Bonus</u>&#8221;: &#160;40% of Base Salary</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Annual LTI Awards Target</u>&#8221;: &#160;40% of Base Salary</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Annual PTO Days</u>&#8221;: &#160;20 vacation days plus 8 personal days (which includes sick days)</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Outside Covered Period Severance Months</u>&#8221;: &#160;6</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Covered Period Severance Amount</u>&#8221;: &#160;2 times the sum of Base Salary and Target Bonus for the year in which Involuntary Termination occurs </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">COBRA Months</u>&#8221;: &#160;18</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restricted Period</u>&#8221;: &#160;6 months following your Involuntary Termination outside of a Covered Period or your Termination due to your Disability inside or outside of a Covered Period; 12 months following your Termination initiated by HBT and Heartland for Cause or by you without Good Reason (including non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section 2</u> above), in each case either inside or outside of a Covered Period; or 24 months following your Involuntary Termination inside of a Covered Period</p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">Exhibit&#160;A &#8211; Page&#160;1</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tmb-20210219xex10d2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.9.1.77--><!--Created on: 2/25/2021 09:05:17 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">AMENDED AnD RESTATED EMPLOYMENT AGREEMENT</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">This Amended and Restated Employment Agreement (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Agreement</u>&#8221;) is made and entered into as of the Effective Date (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) by and among HBT Financial, Inc., a Delaware corporation (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">HBT</u>&#8221;), Heartland Bank and Trust Company, an Illinois state chartered bank (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Bank</u>,&#8221; and together with HBT, &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Heartland</u>&#8221;), and Employee (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">you</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">All references in this Agreement to <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u> are to <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u> hereto.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">RECITALS</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">A.</font></font>Heartland desires to continue to employ you in the Position (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) under the terms of this Agreement, and you desire to continue to be so employed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">B.</font></font>Heartland and you have made commitments to each other on a variety of important issues concerning your employment, including the performance that will be expected of you, the compensation you will be paid, how long and under what circumstances you will remain employed and the financial details relating to any decision that either Heartland or you may make to terminate this Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">C.</font></font>Heartland and you desire to amend and restate the existing employment agreement (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Existing Employment Agreement</u>&#8221;) between you and HBT, the Bank, or any Affiliate.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">AGREEMENTS</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">In consideration of the foregoing and the mutual promises and covenants of you and Heartland set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, you and Heartland, intending to be legally bound, hereby expressly covenant and agree as follows:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">1.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Existing Employment Agreement</u>. &#160;The Existing Employment Agreement is hereby amended and restated in its entirety as of the Effective Date.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">2.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Employment Period</u>. &#160;Heartland will employ you, and you will be employed, during the Employment Period in accordance with the terms of this Agreement. &#160;The &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Employment Period</u>&#8221; will be the period beginning on the Effective Date and ending on the Initial Expiration Date (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), unless terminated earlier under <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u> below, <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u> that the Employment Period will automatically be extended for 1 additional year beginning on the Initial Expiration Date and on each December&#160;31st thereafter unless either party hereto notifies the other, by written notice delivered no later than 60 days before such December&#160;31st, that the Employment Period will not be extended for an additional year.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">3.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Duties</u>. &#160;During the Employment Period, you will devote your full business time, energies, and talents to serving in the Position, at the direction of HBT&#8217;s Board of Directors (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Board</u>&#8221;), the Bank&#8217;s Board of Directors, and the Reporting Person (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>). &#160;You will have such duties and responsibilities as may be assigned to you from time to time by the Reporting Person, which duties and responsibilities will be commensurate with your Position. &#160;You will perform all duties assigned to you faithfully and efficiently, subject to the direction of the </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">Reporting Person. &#160;You will have such authorities and powers as are inherent to the undertakings applicable to your Position and necessary to carry out the responsibilities and duties required of you under this Agreement. &#160;You will perform the duties required by this Agreement at Location of Employment (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), or such other location agreed to by you and Heartland, unless the nature of such duties requires otherwise. &#160;Notwithstanding the foregoing terms of this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;3</u>, during the Employment Period, you may devote reasonable time to activities other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature (including professional associations) to the extent such activities do not, in the judgment of the Reporting Person, inhibit, prohibit, interfere with, or conflict with your duties under this Agreement or conflict in any material way with the business of Heartland or any Affiliate; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u><i style="font-style:italic;">, </i><u style="text-decoration:underline;text-decoration-color:#000000;">however</u><i style="font-style:italic;">,</i> that you will not serve on the board of directors of any business (other than Heartland or an Affiliate) or hold any other position with any business without receiving the prior written consent of the Reporting Person.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">4.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Compensation and Benefits</u>. &#160;Subject to the terms of this Agreement, during the Employment Period, Heartland will compensate you for your services as follows:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Base Salary</u>. &#160;You will be entitled to receive a salary at an annual rate of the Base Salary (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), which will be payable in accordance with the normal payroll practices of Heartland then in effect. &#160;Beginning on the Effective Date and on each January&#160;1st thereafter during the Employment Period, your Base Salary will be reviewed by the Board or its designee.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Annual Bonuses</u>. &#160;You will be eligible to receive performance-based annual incentive bonuses (each, an &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Incentive Bonus</u>&#8221;) for each fiscal year ending during the Employment Period. &#160;Any such Incentive Bonus will be paid to you within 30 days of the completion of the respective fiscal year audit by Heartland&#8217;s auditor, but in no event later than 74 days after the close of each such fiscal year. &#160;During the Employment Period, your target Incentive Bonus opportunity will be as determined by the Board or its designee from time to time, subject at all times to the discretion of the Board or its designee; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u><i style="font-style:italic;">, </i><u style="text-decoration:underline;text-decoration-color:#000000;">however</u><i style="font-style:italic;">, </i>that as of the Effective Date, your target Incentive Bonus opportunity will be the Target Bonus (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>). &#160;The Board or its designee will establish reasonable performance goals necessary for you to receive an Incentive Bonus (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Performance Goals</u>&#8221;), and your actual Incentive Bonus will scale above and below the Target Bonus in proportion to your achievement of the Performance Goals. &#160;For the avoidance of doubt, your actual Incentive Bonus payable for any year may be $0.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Annual LTI Awards; Other Incentive Plans</u>. &#160;Beginning in 2021, you will be eligible to receive annual long-term incentive awards (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">LTI Awards</u>&#8221;). During the Employment Period, your target annual LTI Awards will be as determined by the Board or its designee from time to time, subject at all times to the discretion of the Board or its designee; provided, however, that as of the Effective Date, your target annual LTI Awards opportunity will be the Annual LTI Awards Target (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit A</u>) The actual amount of your annual LTI awards will be determined by the Board or its designee on as favorable a basis as other similarly situated and performing senior executives of Heartland and shall generally be subject to the same terms and conditions applicable to similarly situated and performing senior executives of Heartland, subject at all times to the discretion of the Board or its designee. Each LTI Award will be subject to and governed in all respects by the terms of the award agreement applicable to such LTI Award. You </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">2</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">will also be eligible to participate, subject to the terms thereof, in all other incentive plans and programs of Heartland as may be in effect from time to time with respect to similarly situated and performing senior executives of Heartland, on as favorable a basis as other similarly situated and performing senior executives of Heartland. </div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Employee Benefits</u>. During the Employment Period, you and your dependents (where applicable) will be eligible to participate, subject to the terms thereof, in all retirement plans and all medical, dental, vision, disability, group and executive life, accidental death and travel accident insurance, and other similar welfare benefit plans and programs of Heartland as may be in effect from time to time with respect to similarly situated and performing senior executives of Heartland, on as favorable a basis as other similarly situated and performing senior executives of Heartland.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Paid Time Off</u>. &#160;You will be entitled to accrue paid time off (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">PTO</u>&#8221;) at a rate of Annual PTO Days (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) per calendar year, subject to Heartland&#8217;s PTO programs and policies, including with respect to forfeiture of unused PTO days, as may be in effect during the Employment Period.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Reimbursements</u>. &#160;You will be eligible for reimbursement of all reasonable business expenses that you actually incur in the course of performing your duties and responsibilities under this Agreement, subject to Heartland&#8217;s reimbursement programs and policies as may be in effective during the Employment Period.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">5.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Termination and Rights upon Termination</u>. &#160;Your right to compensation, if any, upon Termination will be determined in accordance with this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u>. &#160;<u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5.f</u> below contains certain definitions applicable under this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u> and this Agreement overall.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Minimum Benefits</u>. &#160;Upon your Termination for any reason, you will be entitled to the Minimum Benefits from Heartland, in addition to any other compensation to which you may be entitled under this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u>, under the express terms of any Heartland or Affiliate employee benefit plan, or under applicable law.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Termination for Cause, Disability, Death, Resignation, Non-Extension</u>. &#160;Upon your Termination for any reason other than Involuntary Termination&#8212;including your Termination (i)&#160;for Cause, (ii)&#160;due to your Disability, (iii)&#160;due to your death, (iv)&#160;initiated by you without Good Reason, or (v)&#160;due to non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above&#8212;then, other than the Minimum Benefits, you will have no right to compensation under this Agreement (and Heartland will have no obligation to provide any such compensation) for periods after your Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Involuntary Termination</u>. &#160;If you incur an Involuntary Termination, then, in addition to the Minimum Benefits, Heartland will provide you the following compensation (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Severance Benefits</u>&#8221;), subject to <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5.c.iii</u> below:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Outside a Covered Period</u>. &#160;If your Involuntary Termination occurs outside of a Covered Period, you will be entitled to continued payment of your Base Salary for Outside Covered Period Severance Months (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), in accordance with </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">3</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">Heartland&#8217;s normal payroll practices, commencing on the 60th day following your Involuntary Termination;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Inside a Covered Period</u>. &#160;If your Involuntary Termination occurs inside a Covered Period, you will be entitled to the following Severance Benefits:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">A.</font>a lump sum payment equal to Covered Period Severance Amount (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), payable upon your Involuntary Termination; and</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">B.</font>a lump sum payment equal to the cost of COBRA Months (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) of COBRA premiums as of your Involuntary Termination, payable upon your Involuntary Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Release</u>. &#160;Notwithstanding anything in this Agreement to the contrary, no Severance Benefits will be owed to you unless you execute and deliver to Heartland a general release and waiver of claims against Heartland and each Affiliate within 45 days after your Termination, and any applicable revocation period has expired before 60 days after your Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">LTI Awards, Incentives and Employee Benefits</u>. &#160;Your rights after a Termination with respect to any benefits, incentives, or awards, including but not limited to LTI Awards and other incentives, provided to you under any plan, program, or arrangement sponsored or maintained by Heartland or an Affiliate, whether tax-qualified or not, which are not specifically addressed in this Agreement, will be subject to the terms of such plan, program, arrangement or award agreement, and this Agreement will have no effect upon such terms except as specifically provided herein.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Removal from any Boards and Positions</u>. &#160;Upon Termination, you will be deemed to resign (i)&#160;if a member, from any board to which you have been appointed or nominated by or on behalf of Heartland or an Affiliate, (ii)&#160;from each position with Heartland and each Affiliate, including as an officer of Heartland and each Affiliate, and (iii)&#160;as a fiduciary of any employee benefit plan of Heartland or an Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Definitions</u>.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Affiliate</u>&#8221; means: &#160;(a)&#160;any corporation, trade, or business that is directly or indirectly controlled 50% or more (whether by ownership of stock, assets, or an equivalent ownership interest or voting interest) by HBT or the Bank; (b)&#160;any trade or business that directly or indirectly controls 50% or more (whether by ownership of stock, assets, or an equivalent ownership interest or voting interest) of HBT or the Bank; and (c)&#160;any other entity in which HBT or the Bank has a material equity interest.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Cause</u>&#8221; means any of the following acts or omissions committed by you:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>material breach of any written agreement entered into with Heartland or an Affiliate, including this Agreement;</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">4</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>material failure to adhere to, or material breach of, any written Heartland or Affiliate policy, code of conduct, rule, or procedure;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>misconduct, dishonesty, fraud, negligence, malfeasance, intentional misrepresentation, moral turpitude, illegality, harassment, or insubordination, which subjects, or if generally known would subject, Heartland or an Affiliate, or any customer or client or former customer or client of Heartland or an Affiliate (collectively, the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Heartland Parties</u>&#8221;) to financial or reputational harm or public ridicule or embarrassment;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>breach of a fiduciary duty owed to a Heartland Party;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">v.</font>commission of a criminal act, whether or not performed in the workplace, that subjects, or if generally known would subject, a Heartland Party to financial or reputational harm or public ridicule or embarrassment; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">vi.</font>improper or intentional conduct causing material financial or reputational harm to a Heartland Party.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">A Termination for Cause will be deemed to include a determination by Heartland after your Termination that circumstances existing before your Termination would have entitled Heartland or an Affiliate to have terminated your service for Cause.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Change in Control</u>&#8221; means:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>any &#8220;person,&#8221; as that term is used in Sections&#160;13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Exchange Act</u>&#8221;) (other than HBT, any trustee or other fiduciary holding securities under any employee benefit plan of HBT, or any company owned, directly or indirectly, by the HBT stockholders in substantially the same proportions as their ownership of HBT common stock), becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of HBT representing 50% or more of the combined voting power of HBT&#8217;s then outstanding securities;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>during any period of 24 consecutive calendar months, individuals who were directors serving on the Board on the first day of such period (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Incumbent Directors</u>&#8221;) cease for any reason to constitute a majority of the Board; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that any individual becoming a director subsequent to the first day of such period whose election, or nomination for election, by the HBT stockholders was approved by a vote of at least 2/3 of the Incumbent Directors will be considered as though such individual were an Incumbent Director, but excluding, for purposes of this proviso, any such individual whose initial assumption of office occurs as a result of an actual or threatened proxy contest with respect to election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a &#8220;person&#8221; (as used in Section&#160;13(d) of the Exchange Act), in each case other than the Board;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>consummation of a reorganization, merger, consolidation, or other business combination (any of the foregoing, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Business Combination</u>&#8221;) of HBT or any direct or indirect subsidiary of HBT with any other corporation, in any case with respect to </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">5</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">which HBT voting securities outstanding immediately prior to such Business Combination do not, immediately following such Business Combination, continue to represent (either by remaining outstanding or being converted into voting securities of HBT or any ultimate parent thereof) more than 50% of the then outstanding voting securities entitled to vote generally in the election of directors of HBT (or its successor) or any ultimate parent thereof after the Business Combination; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>a complete liquidation or dissolution of HBT or the consummation of a sale or disposition by HBT of all or substantially all of HBT&#8217;s assets other than the sale or disposition of all or substantially all of the assets of HBT to a person or entity who beneficially own, directly or indirectly, 50% or more of the combined voting power of the outstanding voting securities of HBT at the time of the sale.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">Notwithstanding the foregoing terms of this definition, with respect to any amount that is characterized as &#8220;nonqualified deferred compensation&#8221; within the meaning of Section&#160;409A, an event will not be considered to be a Change in Control under this Agreement for purposes of payment of such amount unless such event is also a &#8220;change in control event&#8221; within the meaning of Section&#160;409A. &#160;Further notwithstanding the foregoing terms of this definition, the occurrence of the date on which HBT consummates the sale of its common stock in a bona fide, firm commitment underwriting pursuant to a registration statement under the Securities Act (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Registration Date</u>&#8221;), or any change in the composition of the Board within 1 year after the Registration Date, will not be considered a Change in Control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Covered Period</u>&#8221; means the period beginning upon a Change in Control and ending 12 months after the Change in Control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Disability</u>&#8221; means that (i)&#160;you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii)&#160;you are, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident or health plan covering employees of Heartland.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Good Reason</u>&#8221; means the occurrence of any one of the following events, unless you agree in writing that such event will not constitute Good Reason:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>a material and adverse change in the nature, scope, or status of your position, authorities, or duties;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>a reduction of 10% or more in your Base Salary, Target Bonus opportunity or Annual LTI Awards Target opportunity, other than as a result of a change in mix which occurs before a Change in Control and does not result in a reduction of 10% or more in the aggregate amount of your Base Salary, Target Bonus opportunity and Annual LTI Awards Target opportunity;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>relocation of your primary place of employment by more than 25&#160;miles;</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">6</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>a material breach by Heartland of this Agreement.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">Notwithstanding anything in this definition to the contrary, before your Termination for Good Reason, you must give Heartland written notice of the existence of any condition set forth in clause&#160;i. &#8211; iv. immediately above within 30 days of the date you become (or reasonably should have become) aware of its existence and Heartland will have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason. &#160;If, during such 30-day period, Heartland cures the condition giving rise to Good Reason, the condition will not constitute Good Reason.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Involuntary Termination</u>&#8221; means your Termination either initiated:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>by Heartland without Cause, including non-extension of the Employment Period by Heartland without Cause in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above (but not including your Termination due to death or Disability); or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>by you for Good Reason (but not including non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above).</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Minimum Benefits</u>&#8221; means, as applicable, the following:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>your earned but unpaid Base Salary for the period ending on your Termination;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>your earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding your Termination, payable within 30 days of your Termination; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that you will not, in any event, be entitled to any Incentive Bonus if your Termination is for Cause; </div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>your accrued but unpaid PTO for the period ending on your Termination; and</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>your rights with respect to any benefits, incentives, or awards as described in <u style="text-decoration:underline;text-decoration-color:#000000;">Section 5.d</u> above.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Termination</u>&#8221; means termination of your employment with Heartland and all Affiliates, after the Effective Date and before the end of the Employment Period.</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">6.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Restrictive Covenants</u>. &#160;You acknowledge that you have been and will continue to be provided intimate knowledge of the business practices, trade secrets, and other confidential and proprietary information of Heartland and the Affiliates, which, if exploited by you, would seriously, adversely, and irreparably affect the interests of Heartland and the Affiliates and the ability of each to continue its business; you therefore will be bound by the restrictions contained in this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u> (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restrictive Covenants</u>&#8221;).</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">7</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Confidential Information</u>.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>You acknowledge that, during the course of your employment with Heartland, you may produce and have access to confidential or proprietary, non-public information concerning the Heartland Parties, including marketing materials, financial and other information concerning customers and prospective customers, customer lists, records, data, trade secrets, proprietary business information, pricing and profitability information and policies, strategic planning, commitments, plans, procedures, litigation, pending litigation and other information not generally available to the public (collectively, &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Confidential Information</u>&#8221;). &#160;You will not, at any time, directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other than Heartland, except to the extent such disclosure is authorized in writing by the Reporting Person, required by law or any competent administrative agency or judicial authority, or otherwise as necessary or appropriate in connection with the performance of your duties under this Agreement. &#160;If you receive a subpoena or other court order or are otherwise required by law to provide information to a governmental authority or other person concerning the activities of Heartland or an Affiliate, or your activities in connection with the business of Heartland or an Affiliate, you will immediately notify the Reporting Person of such subpoena, court order, or other requirement and deliver forthwith a copy thereof and any attachments and non-privileged correspondence related thereto. &#160;You will take reasonable precautions to protect against the inadvertent disclosure of Confidential Information. &#160;You will abide by Heartland&#8217;s policies respecting avoidance of interests conflicting with those of Heartland or an Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>You will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A)&#160;is made (1)&#160;in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (2)&#160;solely for the purpose of reporting or investigating a suspected violation of law; or (B)&#160;is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. &#160;Accordingly, you have the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. &#160;You also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure. &#160;Nothing in this Agreement is intended to conflict with 18 U.S.C. &#167;&#160;1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. &#167;&#160;1833(b). Nothing in this Agreement will be construed to authorize, or limit liability for, an act that is otherwise prohibited by law, such as the unlawful access of material by unauthorized means.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>Nothing contained in this Agreement, including this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.a</u>, will limit your ability to file a charge or complaint with any governmental, administrative, or judicial agency (each, an &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Agency</u>&#8221;) under any applicable whistleblower statute or program (each, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Whistleblower Program</u>&#8221;). &#160;You acknowledge that nothing in this Agreement or this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.a</u> limits (A)&#160;your ability to communicate in connection with a charge or complaint under any Whistleblower Program with any Agency or otherwise participate in any investigation or proceeding that may be conducted by such Agency, </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">8</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">including providing documents or other information, without notice to Heartland or any Affiliate, or (ii)&#160;your right to receive an award for information provided to such Agency under any Whistleblower Program.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Documents and Property</u>.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>All records, files, documents, and other materials or copies thereof relating to the business of Heartland or an Affiliate that you prepare, receive, or use will be and remain the sole property of Heartland and, other than in connection with the performance of your duties under this Agreement, may not be removed from the premises of Heartland or an Affiliate without Heartland&#8217;s prior written consent, and will be promptly returned to Heartland upon your Termination, together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made from or about the records, files, documents, or other materials.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>You acknowledge that your access to and permission to use Heartland&#8217;s and the Affiliates&#8217; computer systems, networks, and equipment, and all Heartland and Affiliate information contained therein, is restricted to legitimate business purposes on behalf of Heartland. &#160;Any other access to or use of such systems, network, equipment, and information is without authorization and is prohibited except you may use a Heartland-provided computer for reasonable personal use in accordance with Heartland&#8217;s technology use policy as in effect from time to time. &#160;The restrictions contained in this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.b</u> extend to any of your personal computers or other electronic devices that are used for business purposes relating to Heartland or an Affiliate. &#160;You may not transfer any Heartland or Affiliate information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to Heartland. &#160;Upon your Termination, your authorization to access and permission to use Heartland&#8217;s and the Affiliates&#8217; computer systems, networks, and equipment, and any Heartland and Affiliate information contained therein, will cease.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Non-Competition and Non-Solicitation</u>. &#160;You and Heartland have agreed that the primary service area of Heartland&#8217;s operations, including its lending and deposit taking functions, in which you will actively participate extends to an area that encompasses a 25-mile radius from each banking or other office location of Heartland and each Affiliate where you have provided services to Heartland or an Affiliate during the 6-month period immediately before your Termination (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restricted Area</u>&#8221;). &#160;Therefore, as an essential ingredient of and in consideration of this Agreement and your employment with Heartland, you, during your employment with Heartland and during the Restricted Period (as defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), whether your employment termination occurs during the Employment Period or thereafter, will not directly or indirectly do any of the following:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>Engage or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation or control of, be employed by, associated with or in any manner connected with, serve as a director, officer or consultant to, lend your name or any similar name to, lend your credit to or render services or advice to, in each case in the capacity that you provided services to Heartland or an Affiliate, any person, firm, partnership, corporation, or trust that owns, operates, or is in the process of </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">9</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">forming a bank, savings bank, savings and loan association, credit union, or similar financial institution (each, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Financial Institution</u>&#8221;) with an office located, or to be located at an address identified in a filing with any regulatory authority, within the Restricted Area; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that your ownership of shares of capital stock of any Financial Institution, which shares are listed on a securities exchange or quoted on the National Association of Securities Dealers Automated Quotation System and which do not represent more than 5% of the institution&#8217;s outstanding capital stock, will not violate any terms of this Agreement;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>Either on your own behalf or on behalf of any Financial Institution: &#160;(A)&#160;induce or attempt to induce any employee of Heartland or any Affiliate with whom you had significant contact to leave the employ of Heartland or any Affiliate; (B)&#160;in any way interfere with the relationship between Heartland or any Affiliate and any employee of Heartland or any Affiliate with whom you had significant contact; or (C)&#160;induce or attempt to induce any customer, supplier, licensee, or business relation of Heartland or any Affiliate with whom you had significant contact to cease doing business with Heartland or any Affiliate or in any way interfere with the relationship between Heartland or any Affiliate and their respective customers, suppliers, licensees, or business relations with whom you had significant contact;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>Either on your own behalf or on behalf of any Financial Institution, solicit the business of any person or entity known to you to be a customer of Heartland or any Affiliate, where you had significant contact with such person or entity, with respect to products, activities, or services that compete in whole or in part with the products, activities, or services of Heartland or any Affiliate; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>Serve as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any Financial Institution within the Restricted Area, with respect to products, activities, or services that you devoted time to on behalf of Heartland or any Affiliate and that compete in whole or in part with the products, activities, or services of Heartland or any Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Works Made for Hire Provisions</u>. &#160;You and Heartland acknowledge that all work performed by you for Heartland or any Affiliate will be deemed a &#8220;work made for hire.&#8221; Heartland will at all times own and have exclusive right, title, and interest in and to all Confidential Information and Inventions, and Heartland will retain the exclusive right to license, sell, transfer, and otherwise use and dispose of the same. &#160;Any and all enhancements of the technology of Heartland or any Affiliate that are developed by you will be the exclusive property of Heartland. &#160;You hereby assign to Heartland any right, title, and interest in and to all Inventions that you may have, by law or equity, without additional consideration of any kind whatsoever from Heartland or any Affiliate. &#160;You will execute and deliver any instruments or documents and do all other things (including the giving of testimony) requested by Heartland (both during and after your Termination) in order to vest more fully in Heartland all ownership rights in the Inventions (including obtaining patent, copyright, or trademark protection therefor in the United States or foreign countries). &#160;&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Inventions</u>&#8221; means all systems, procedures, techniques, manuals, databases, plans, lists, inventions, trade secrets, copyrights, patents, trademarks, discoveries, innovations, concepts, ideas, and software conceived, compiled, or developed by you in the course of your </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">10</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">employment with Heartland or any Affiliate or comprised, in whole or part, of Confidential Information. &#160;Notwithstanding the foregoing sentence, Inventions will not include: &#160;(i)&#160;any inventions independently developed by you and not derived, in whole or part, from any Confidential Information or (ii)&#160;any invention made by you before your exposure to any Confidential Information.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Remedies for Breach of Restrictive Covenant</u>. &#160;You have reviewed this Agreement with legal counsel, or have been given adequate opportunity to seek such counsel, and you acknowledge that Restrictive Covenants are reasonable with respect to their duration, geographical area, and scope. &#160;You further acknowledge that the Restrictive Covenants are reasonable and necessary for the protection of the legitimate business interests of Heartland, that they create no undue hardships, that any violation of the Restrictive Covenants would cause substantial injury to Heartland and such interests, and that such Restrictive Covenants were a material inducement to Heartland to enter into this Agreement. &#160;In the event of any violation or threatened violation of any Restrictive Covenants, Heartland, in addition to and not in limitation of, any other rights, remedies, or damages available to it under this Agreement or otherwise at law or in equity, will be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by you and any and all persons directly or indirectly acting for or with you.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Other Agreements</u>. &#160;In the event of the existence of any other agreement between you and Heartland or an Affiliate that (i)&#160;is in effect during the Restricted Period, and (ii)&#160;contains restrictive covenants that conflict with any of the terms of this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u>, then the more restrictive of such terms from such agreements will control for the period during which such agreements would otherwise be in effect.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">g.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Tolling</u>. &#160;If you violate any of the terms of the Restrictive Covenants, the obligation at issue will run from the first date on which you cease to be in violation of such obligation.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">7.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Notices</u>. &#160;Notices and all other communications under this Agreement will be in writing and will be deemed given when mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: &#160;if to Heartland, to Heartland&#8217;s principal headquarters to the attention of the Reporting Person; and if to you, to your most recent address on file with Heartland, or, in either case, to such other address as either party hereto may furnish to the other in writing, except that notices of changes of address will be effective only upon receipt.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">8.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Applicable Law</u>. &#160;All questions concerning the construction, validity, and interpretation of this Agreement and the performance of the obligations imposed by this Agreement will be governed by the internal laws of the State of Illinois applicable to agreements made and wholly to be performed in such state without regard to conflicts of law provisions of any jurisdiction.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">9.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Mandatory Arbitration</u>. &#160;Except as provided in <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u> above, if any dispute or controversy arises under or in connection with this Agreement, and such dispute or controversy cannot be settled through negotiation, you and Heartland will first try in good faith to settle the dispute or controversy by mediation administered by the American Arbitration Association under its Commercial Mediation Procedures. &#160;If such mediation is not successful, the dispute or </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">11</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">controversy will be settled exclusively by arbitration in accordance with the Employment Arbitration Rules of the American Arbitration Association then in effect. &#160;Judgment may be entered on the arbitrator&#8217;s award in any court having jurisdiction. &#160;Notwithstanding the foregoing, Heartland may resort to the Circuit Court of McLean County, Illinois for injunctive and such other relief as may be available if you engage in conduct, after termination of your employment with Heartland and its Affiliates, that amounts to a violation of the Illinois Trade Secrets Act, amounts to unlawful interference with the business expectations of Heartland or any Affiliate, or violates the Restrictive Covenants. &#160;The FDIC may appear at any arbitration hearing but any decision made thereunder will not be binding on the FDIC.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">10.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Entire Agreement</u>. &#160;This Agreement constitutes the entire agreement between you and Heartland concerning the subject matter hereof, and supersedes all prior negotiations, undertakings, agreements, and arrangements with respect thereto, whether written or oral, including the Prior Agreement. &#160;If a court of competent jurisdiction determines that any term of this Agreement is invalid or unenforceable, then the invalidity or unenforceability of that term will not affect the validity or enforceability of any other term of this Agreement and all other terms will remain in full force and effect. &#160;The various terms of this Agreement are intended to be severable and to constitute independent and distinct binding obligations. &#160;Without limiting the generality of the foregoing, if the scope of any term contained in this Agreement is too broad to permit enforcement to its full extent, such term will be enforced to the maximum extent permitted by law, and such scope may be judicially modified accordingly.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">11.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Withholding of Taxes</u>. &#160;Heartland may withhold from any amounts payable under this Agreement all taxes as may be required by law.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">12.</font><u style="text-decoration:underline;text-decoration-color:#000000;">No Assignment</u>. &#160;Your rights to receive benefits under this Agreement will not be assignable or transferable whether by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution. &#160;In the event of any attempted assignment or transfer contrary to this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;12</u>, Heartland will have no liability to pay any amount so attempted to be assigned or transferred. &#160;This Agreement will inure to the benefit of and be enforceable by your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">13.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Successors</u>. &#160;This Agreement will be binding upon and inure to the benefit of HBT, the Bank, and their successors and assigns.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">14.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Amendment</u>. &#160;This Agreement may not be amended or modified except by written agreement signed by you and Heartland.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">15.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;409A</u>. &#160;This Agreement is intended to comply with Section&#160;409A (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;409A</u>&#8221;) of the Internal Revenue Code of 1986, as amended, or an exemption thereunder and will be construed and administered in accordance with Section&#160;409A. &#160;Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section&#160;409A or an applicable exemption. &#160;Any payments under this Agreement that may be excluded from Section&#160;409A either as separation pay due to an involuntary separation from service or as a short-term deferral will be excluded from Section&#160;409A to the maximum extent possible. &#160;For purposes of Section&#160;409A, each installment </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">12</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">payment provided under this Agreement will be treated as a separate payment. &#160;Any payments to be made under this Agreement upon a termination of employment will only be made upon a &#8220;separation from service&#8221; under Section&#160;409A. &#160;To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Section&#160;409A, such reimbursements and in-kind benefit payments will be made in accordance with Treasury Regulation Section&#160;1.409A-3(i)(1)(iv). &#160;Notwithstanding anything in this Agreement to the contrary, if any payment or benefit provided to you in connection with your termination of employment is determined to constitute &#8220;nonqualified deferred compensation&#8221; within the meaning of Section&#160;409A and you are determined to be a &#8220;specified employee&#8221; under Section&#160;409A, then such payment or benefit will not be paid until the first payroll date to occur following the 6-month anniversary of your termination of employment or, if earlier, upon your death (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Specified Employee Payment Date</u>&#8221;). &#160;The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date will be paid to you, without interest, in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments will be paid without delay in accordance with their original schedule. &#160;Notwithstanding the foregoing, Heartland makes no representations that the payments and benefits provided under this Agreement comply with Section&#160;409A, and in no event will Heartland be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by you on account of non-compliance with Section&#160;409A.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">16.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Survival</u>. &#160;The terms of <u style="text-decoration:underline;text-decoration-color:#000000;">Sections&#160;5</u> through <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;15</u> above and this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;16</u> will survive the termination of this Agreement.</div><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:0pt;margin:0pt;"><font style="font-size:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">13</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">IN WITNESS WHEREOF</b>, you, HBT, and the Bank have executed this Agreement as of the Effective Date.</p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><b style="font-weight:bold;">EXECUTIVE</b><br><br><br>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  /s/&#160;J. Lance Carter</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:29.1pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><br><br>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  J. Lance Carter</u><u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:-10.52pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>                                                                </u></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><b style="font-weight:bold;">HBT FINANCIAL, INC.</b><br><br><br>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  /s/&#160;Fred L. Drake</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:34.42pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><br><br>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  Fred L. Drake</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:44.43pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u> </u><u style="text-decoration:underline;text-decoration-color:#000000;"><br><br></u>Title:<u style="text-decoration:underline;text-decoration-color:#000000;"> Chairman and Chief Executive Officer</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><b style="font-weight:bold;">HEARTLAND BANK AND TRUST COMPANY<br><br><br></b>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  /s/&#160;Fred L. Drake</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:34.42pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><br><br>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  Fred L. Drake</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:47.43pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><br><br></u>Title:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  Chairman</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:128.79pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:0pt;margin:0pt;"><font style="font-size:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">14</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><u style="text-decoration:underline;">Exhibit&#160;A</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Employee</u>&#8221;: &#160;J. Lance Carter</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Effective Date</u>&#8221;: &#160;February 22, 2021</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Position</u>&#8221;: &#160;President and Chief Operating Officer of HBT Financial, Inc. and Executive Vice-President and Chief Operating Officer of Heartland Bank and Trust Company</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Initial Expiration Date</u>&#8221;: &#160;December 31, 2023</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Reporting Person</u>&#8221;: &#160;Chief Executive Officer of HBT Financial, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Location of Employment</u>&#8221;: &#160;Principal headquarters of HBT Financial, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Base Salary</u>&#8221;: &#160;$454,500</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Target Bonus</u>&#8221;: &#160;40% of Base Salary</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Annual LTI Awards Target</u>&#8221;: &#160;40% of Base Salary</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Annual PTO Days</u>&#8221;: &#160;20 vacation days plus 8 personal days (which includes sick days)</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Outside Covered Period Severance Months</u>&#8221;: &#160;6</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Covered Period Severance Amount</u>&#8221;: &#160;2 times the sum of Base Salary and Target Bonus for the year in which Involuntary Termination occurs </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">COBRA Months</u>&#8221;: &#160;18</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restricted Period</u>&#8221;: &#160;6 months following your Involuntary Termination outside of a Covered Period or your Termination due to your Disability inside or outside of a Covered Period; 12 months following your Termination initiated by HBT and Heartland for Cause or by you without Good Reason (including non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section 2</u> above), in each case either inside or outside of a Covered Period; or 24 months following your Involuntary Termination inside of a Covered Period</p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">Exhibit&#160;A &#8211; Page&#160;1</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>tmb-20210219xex10d3.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.9.1.77--><!--Created on: 2/25/2021 09:05:20 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">AMENDED AnD RESTATED EMPLOYMENT AGREEMENT</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">This Amended and Restated Employment Agreement (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Agreement</u>&#8221;) is made and entered into as of the Effective Date (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) by and among HBT Financial, Inc., a Delaware corporation (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">HBT</u>&#8221;), Heartland Bank and Trust Company, an Illinois state chartered bank (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Bank</u>,&#8221; and together with HBT, &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Heartland</u>&#8221;), and Employee (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">you</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">All references in this Agreement to <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u> are to <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u> hereto.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">RECITALS</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">A.</font></font>Heartland desires to continue to employ you in the Position (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) under the terms of this Agreement, and you desire to continue to be so employed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">B.</font></font>Heartland and you have made commitments to each other on a variety of important issues concerning your employment, including the performance that will be expected of you, the compensation you will be paid, how long and under what circumstances you will remain employed and the financial details relating to any decision that either Heartland or you may make to terminate this Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">C.</font></font>Heartland and you desire to amend and restate the existing employment agreement (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Existing Employment Agreement</u>&#8221;) between you and HBT, the Bank, or any Affiliate.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;text-align:center;text-transform:uppercase;margin:0pt 0pt 12pt 0pt;">AGREEMENTS</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">In consideration of the foregoing and the mutual promises and covenants of you and Heartland set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, you and Heartland, intending to be legally bound, hereby expressly covenant and agree as follows:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">1.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Existing Employment Agreement</u>. &#160;The Existing Employment Agreement is hereby amended and restated in its entirety as of the Effective Date.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">2.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Employment Period</u>. &#160;Heartland will employ you, and you will be employed, during the Employment Period in accordance with the terms of this Agreement. &#160;The &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Employment Period</u>&#8221; will be the period beginning on the Effective Date and ending on the Initial Expiration Date (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), unless terminated earlier under <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u> below, <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u> that the Employment Period will automatically be extended for 1 additional year beginning on the Initial Expiration Date and on each December&#160;31st thereafter unless either party hereto notifies the other, by written notice delivered no later than 60 days before such December&#160;31st, that the Employment Period will not be extended for an additional year.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">3.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Duties</u>. &#160;During the Employment Period, you will devote your full business time, energies, and talents to serving in the Position, at the direction of HBT&#8217;s Board of Directors (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Board</u>&#8221;), the Bank&#8217;s Board of Directors, and the Reporting Person (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>). &#160;You will have such duties and responsibilities as may be assigned to you from time to time by the Reporting Person, which duties and responsibilities will be commensurate with your Position. &#160;You will perform all duties assigned to you faithfully and efficiently, subject to the direction of the </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">Reporting Person. &#160;You will have such authorities and powers as are inherent to the undertakings applicable to your Position and necessary to carry out the responsibilities and duties required of you under this Agreement. &#160;You will perform the duties required by this Agreement at Location of Employment (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), or such other location agreed to by you and Heartland, unless the nature of such duties requires otherwise. &#160;Notwithstanding the foregoing terms of this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;3</u>, during the Employment Period, you may devote reasonable time to activities other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature (including professional associations) to the extent such activities do not, in the judgment of the Reporting Person, inhibit, prohibit, interfere with, or conflict with your duties under this Agreement or conflict in any material way with the business of Heartland or any Affiliate; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u><i style="font-style:italic;">, </i><u style="text-decoration:underline;text-decoration-color:#000000;">however</u><i style="font-style:italic;">,</i> that you will not serve on the board of directors of any business (other than Heartland or an Affiliate) or hold any other position with any business without receiving the prior written consent of the Reporting Person.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">4.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Compensation and Benefits</u>. &#160;Subject to the terms of this Agreement, during the Employment Period, Heartland will compensate you for your services as follows:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Base Salary</u>. &#160;You will be entitled to receive a salary at an annual rate of the Base Salary (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), which will be payable in accordance with the normal payroll practices of Heartland then in effect. &#160;Beginning on the Effective Date and on each January&#160;1st thereafter during the Employment Period, your Base Salary will be reviewed by the Board or its designee.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Annual Bonuses</u>. &#160;You will be eligible to receive performance-based annual incentive bonuses (each, an &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Incentive Bonus</u>&#8221;) for each fiscal year ending during the Employment Period. &#160;Any such Incentive Bonus will be paid to you within 30 days of the completion of the respective fiscal year audit by Heartland&#8217;s auditor, but in no event later than 74 days after the close of each such fiscal year. &#160;During the Employment Period, your target Incentive Bonus opportunity will be as determined by the Board or its designee from time to time, subject at all times to the discretion of the Board or its designee; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u><i style="font-style:italic;">, </i><u style="text-decoration:underline;text-decoration-color:#000000;">however</u><i style="font-style:italic;">, </i>that as of the Effective Date, your target Incentive Bonus opportunity will be the Target Bonus (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>). &#160;The Board or its designee will establish reasonable performance goals necessary for you to receive an Incentive Bonus (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Performance Goals</u>&#8221;), and your actual Incentive Bonus will scale above and below the Target Bonus in proportion to your achievement of the Performance Goals. &#160;For the avoidance of doubt, your actual Incentive Bonus payable for any year may be $0.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Annual LTI Awards; Other Incentive Plans</u>. &#160;Beginning in 2021, you will be eligible to receive annual long-term incentive awards (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">LTI Awards</u>&#8221;). During the Employment Period, your target annual LTI Awards will be as determined by the Board or its designee from time to time, subject at all times to the discretion of the Board or its designee; provided, however, that as of the Effective Date, your target annual LTI Awards opportunity will be the Annual LTI Awards Target (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit A</u>) The actual amount of your annual LTI awards will be determined by the Board or its designee on as favorable a basis as other similarly situated and performing senior executives of Heartland and shall generally be subject to the same terms and conditions applicable to similarly situated and performing senior executives of Heartland, subject at all times to the discretion of the Board or its designee. Each LTI Award will be subject to and governed in all respects by the terms of the award agreement applicable to such LTI Award. You </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">2</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">will also be eligible to participate, subject to the terms thereof, in all other incentive plans and programs of Heartland as may be in effect from time to time with respect to similarly situated and performing senior executives of Heartland, on as favorable a basis as other similarly situated and performing senior executives of Heartland. </div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Employee Benefits</u>. During the Employment Period, you and your dependents (where applicable) will be eligible to participate, subject to the terms thereof, in all retirement plans and all medical, dental, vision, disability, group and executive life, accidental death and travel accident insurance, and other similar welfare benefit plans and programs of Heartland as may be in effect from time to time with respect to similarly situated and performing senior executives of Heartland, on as favorable a basis as other similarly situated and performing senior executives of Heartland.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Paid Time Off</u>. &#160;You will be entitled to accrue paid time off (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">PTO</u>&#8221;) at a rate of Annual PTO Days (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) per calendar year, subject to Heartland&#8217;s PTO programs and policies, including with respect to forfeiture of unused PTO days, as may be in effect during the Employment Period.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Reimbursements</u>. &#160;You will be eligible for reimbursement of all reasonable business expenses that you actually incur in the course of performing your duties and responsibilities under this Agreement, subject to Heartland&#8217;s reimbursement programs and policies as may be in effective during the Employment Period.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">5.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Termination and Rights upon Termination</u>. &#160;Your right to compensation, if any, upon Termination will be determined in accordance with this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u>. &#160;<u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5.f</u> below contains certain definitions applicable under this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u> and this Agreement overall.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Minimum Benefits</u>. &#160;Upon your Termination for any reason, you will be entitled to the Minimum Benefits from Heartland, in addition to any other compensation to which you may be entitled under this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5</u>, under the express terms of any Heartland or Affiliate employee benefit plan, or under applicable law.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Termination for Cause, Disability, Death, Resignation, Non-Extension</u>. &#160;Upon your Termination for any reason other than Involuntary Termination&#8212;including your Termination (i)&#160;for Cause, (ii)&#160;due to your Disability, (iii)&#160;due to your death, (iv)&#160;initiated by you without Good Reason, or (v)&#160;due to non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above&#8212;then, other than the Minimum Benefits, you will have no right to compensation under this Agreement (and Heartland will have no obligation to provide any such compensation) for periods after your Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Involuntary Termination</u>. &#160;If you incur an Involuntary Termination, then, in addition to the Minimum Benefits, Heartland will provide you the following compensation (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Severance Benefits</u>&#8221;), subject to <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;5.c.iii</u> below:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Outside a Covered Period</u>. &#160;If your Involuntary Termination occurs outside of a Covered Period, you will be entitled to continued payment of your Base Salary for Outside Covered Period Severance Months (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), in accordance with </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">3</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">Heartland&#8217;s normal payroll practices, commencing on the 60th day following your Involuntary Termination;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Inside a Covered Period</u>. &#160;If your Involuntary Termination occurs inside a Covered Period, you will be entitled to the following Severance Benefits:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">A.</font>a lump sum payment equal to Covered Period Severance Amount (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), payable upon your Involuntary Termination; and</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">B.</font>a lump sum payment equal to the cost of COBRA Months (defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>) of COBRA premiums as of your Involuntary Termination, payable upon your Involuntary Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Release</u>. &#160;Notwithstanding anything in this Agreement to the contrary, no Severance Benefits will be owed to you unless you execute and deliver to Heartland a general release and waiver of claims against Heartland and each Affiliate within 45 days after your Termination, and any applicable revocation period has expired before 60 days after your Termination.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">LTI Awards, Incentives and Employee Benefits</u>. &#160;Your rights after a Termination with respect to any benefits, incentives, or awards, including but not limited to LTI Awards and other incentives, provided to you under any plan, program, or arrangement sponsored or maintained by Heartland or an Affiliate, whether tax-qualified or not, which are not specifically addressed in this Agreement, will be subject to the terms of such plan, program, arrangement or award agreement, and this Agreement will have no effect upon such terms except as specifically provided herein.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Removal from any Boards and Positions</u>. &#160;Upon Termination, you will be deemed to resign (i)&#160;if a member, from any board to which you have been appointed or nominated by or on behalf of Heartland or an Affiliate, (ii)&#160;from each position with Heartland and each Affiliate, including as an officer of Heartland and each Affiliate, and (iii)&#160;as a fiduciary of any employee benefit plan of Heartland or an Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Definitions</u>.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Affiliate</u>&#8221; means: &#160;(a)&#160;any corporation, trade, or business that is directly or indirectly controlled 50% or more (whether by ownership of stock, assets, or an equivalent ownership interest or voting interest) by HBT or the Bank; (b)&#160;any trade or business that directly or indirectly controls 50% or more (whether by ownership of stock, assets, or an equivalent ownership interest or voting interest) of HBT or the Bank; and (c)&#160;any other entity in which HBT or the Bank has a material equity interest.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Cause</u>&#8221; means any of the following acts or omissions committed by you:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>material breach of any written agreement entered into with Heartland or an Affiliate, including this Agreement;</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">4</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>material failure to adhere to, or material breach of, any written Heartland or Affiliate policy, code of conduct, rule, or procedure;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>misconduct, dishonesty, fraud, negligence, malfeasance, intentional misrepresentation, moral turpitude, illegality, harassment, or insubordination, which subjects, or if generally known would subject, Heartland or an Affiliate, or any customer or client or former customer or client of Heartland or an Affiliate (collectively, the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Heartland Parties</u>&#8221;) to financial or reputational harm or public ridicule or embarrassment;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>breach of a fiduciary duty owed to a Heartland Party;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">v.</font>commission of a criminal act, whether or not performed in the workplace, that subjects, or if generally known would subject, a Heartland Party to financial or reputational harm or public ridicule or embarrassment; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">vi.</font>improper or intentional conduct causing material financial or reputational harm to a Heartland Party.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">A Termination for Cause will be deemed to include a determination by Heartland after your Termination that circumstances existing before your Termination would have entitled Heartland or an Affiliate to have terminated your service for Cause.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Change in Control</u>&#8221; means:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>any &#8220;person,&#8221; as that term is used in Sections&#160;13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Exchange Act</u>&#8221;) (other than HBT, any trustee or other fiduciary holding securities under any employee benefit plan of HBT, or any company owned, directly or indirectly, by the HBT stockholders in substantially the same proportions as their ownership of HBT common stock), becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of HBT representing 50% or more of the combined voting power of HBT&#8217;s then outstanding securities;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>during any period of 24 consecutive calendar months, individuals who were directors serving on the Board on the first day of such period (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Incumbent Directors</u>&#8221;) cease for any reason to constitute a majority of the Board; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that any individual becoming a director subsequent to the first day of such period whose election, or nomination for election, by the HBT stockholders was approved by a vote of at least 2/3 of the Incumbent Directors will be considered as though such individual were an Incumbent Director, but excluding, for purposes of this proviso, any such individual whose initial assumption of office occurs as a result of an actual or threatened proxy contest with respect to election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a &#8220;person&#8221; (as used in Section&#160;13(d) of the Exchange Act), in each case other than the Board;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>consummation of a reorganization, merger, consolidation, or other business combination (any of the foregoing, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Business Combination</u>&#8221;) of HBT or any direct or indirect subsidiary of HBT with any other corporation, in any case with respect to </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">5</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">which HBT voting securities outstanding immediately prior to such Business Combination do not, immediately following such Business Combination, continue to represent (either by remaining outstanding or being converted into voting securities of HBT or any ultimate parent thereof) more than 50% of the then outstanding voting securities entitled to vote generally in the election of directors of HBT (or its successor) or any ultimate parent thereof after the Business Combination; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>a complete liquidation or dissolution of HBT or the consummation of a sale or disposition by HBT of all or substantially all of HBT&#8217;s assets other than the sale or disposition of all or substantially all of the assets of HBT to a person or entity who beneficially own, directly or indirectly, 50% or more of the combined voting power of the outstanding voting securities of HBT at the time of the sale.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">Notwithstanding the foregoing terms of this definition, with respect to any amount that is characterized as &#8220;nonqualified deferred compensation&#8221; within the meaning of Section&#160;409A, an event will not be considered to be a Change in Control under this Agreement for purposes of payment of such amount unless such event is also a &#8220;change in control event&#8221; within the meaning of Section&#160;409A. &#160;Further notwithstanding the foregoing terms of this definition, the occurrence of the date on which HBT consummates the sale of its common stock in a bona fide, firm commitment underwriting pursuant to a registration statement under the Securities Act (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Registration Date</u>&#8221;), or any change in the composition of the Board within 1 year after the Registration Date, will not be considered a Change in Control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Covered Period</u>&#8221; means the period beginning upon a Change in Control and ending 12 months after the Change in Control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Disability</u>&#8221; means that (i)&#160;you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii)&#160;you are, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident or health plan covering employees of Heartland.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Good Reason</u>&#8221; means the occurrence of any one of the following events, unless you agree in writing that such event will not constitute Good Reason:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>a material and adverse change in the nature, scope, or status of your position, authorities, or duties;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>a reduction of 10% or more in your Base Salary, Target Bonus opportunity or Annual LTI Awards Target opportunity, other than as a result of a change in mix which occurs before a Change in Control and does not result in a reduction of 10% or more in the aggregate amount of your Base Salary, Target Bonus opportunity and Annual LTI Awards Target opportunity;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>relocation of your primary place of employment by more than 25&#160;miles;</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">6</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>a material breach by Heartland of this Agreement.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">Notwithstanding anything in this definition to the contrary, before your Termination for Good Reason, you must give Heartland written notice of the existence of any condition set forth in clause&#160;i. &#8211; iv. immediately above within 30 days of the date you become (or reasonably should have become) aware of its existence and Heartland will have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason. &#160;If, during such 30-day period, Heartland cures the condition giving rise to Good Reason, the condition will not constitute Good Reason.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Involuntary Termination</u>&#8221; means your Termination either initiated:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>by Heartland without Cause, including non-extension of the Employment Period by Heartland without Cause in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above (but not including your Termination due to death or Disability); or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>by you for Good Reason (but not including non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;2</u> above).</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Minimum Benefits</u>&#8221; means, as applicable, the following:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>your earned but unpaid Base Salary for the period ending on your Termination;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>your earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding your Termination, payable within 30 days of your Termination; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that you will not, in any event, be entitled to any Incentive Bonus if your Termination is for Cause; </div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>your accrued but unpaid PTO for the period ending on your Termination; and</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>your rights with respect to any benefits, incentives, or awards as described in <u style="text-decoration:underline;text-decoration-color:#000000;">Section 5.d</u> above.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Termination</u>&#8221; means termination of your employment with Heartland and all Affiliates, after the Effective Date and before the end of the Employment Period.</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">6.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Restrictive Covenants</u>. &#160;You acknowledge that you have been and will continue to be provided intimate knowledge of the business practices, trade secrets, and other confidential and proprietary information of Heartland and the Affiliates, which, if exploited by you, would seriously, adversely, and irreparably affect the interests of Heartland and the Affiliates and the ability of each to continue its business; you therefore will be bound by the restrictions contained in this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u> (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restrictive Covenants</u>&#8221;).</div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">7</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">a.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Confidential Information</u>.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>You acknowledge that, during the course of your employment with Heartland, you may produce and have access to confidential or proprietary, non-public information concerning the Heartland Parties, including marketing materials, financial and other information concerning customers and prospective customers, customer lists, records, data, trade secrets, proprietary business information, pricing and profitability information and policies, strategic planning, commitments, plans, procedures, litigation, pending litigation and other information not generally available to the public (collectively, &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Confidential Information</u>&#8221;). &#160;You will not, at any time, directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other than Heartland, except to the extent such disclosure is authorized in writing by the Reporting Person, required by law or any competent administrative agency or judicial authority, or otherwise as necessary or appropriate in connection with the performance of your duties under this Agreement. &#160;If you receive a subpoena or other court order or are otherwise required by law to provide information to a governmental authority or other person concerning the activities of Heartland or an Affiliate, or your activities in connection with the business of Heartland or an Affiliate, you will immediately notify the Reporting Person of such subpoena, court order, or other requirement and deliver forthwith a copy thereof and any attachments and non-privileged correspondence related thereto. &#160;You will take reasonable precautions to protect against the inadvertent disclosure of Confidential Information. &#160;You will abide by Heartland&#8217;s policies respecting avoidance of interests conflicting with those of Heartland or an Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>You will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A)&#160;is made (1)&#160;in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (2)&#160;solely for the purpose of reporting or investigating a suspected violation of law; or (B)&#160;is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. &#160;Accordingly, you have the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. &#160;You also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure. &#160;Nothing in this Agreement is intended to conflict with 18 U.S.C. &#167;&#160;1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. &#167;&#160;1833(b). Nothing in this Agreement will be construed to authorize, or limit liability for, an act that is otherwise prohibited by law, such as the unlawful access of material by unauthorized means.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>Nothing contained in this Agreement, including this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.a</u>, will limit your ability to file a charge or complaint with any governmental, administrative, or judicial agency (each, an &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Agency</u>&#8221;) under any applicable whistleblower statute or program (each, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Whistleblower Program</u>&#8221;). &#160;You acknowledge that nothing in this Agreement or this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.a</u> limits (A)&#160;your ability to communicate in connection with a charge or complaint under any Whistleblower Program with any Agency or otherwise participate in any investigation or proceeding that may be conducted by such Agency, </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">8</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">including providing documents or other information, without notice to Heartland or any Affiliate, or (ii)&#160;your right to receive an award for information provided to such Agency under any Whistleblower Program.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">b.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Documents and Property</u>.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>All records, files, documents, and other materials or copies thereof relating to the business of Heartland or an Affiliate that you prepare, receive, or use will be and remain the sole property of Heartland and, other than in connection with the performance of your duties under this Agreement, may not be removed from the premises of Heartland or an Affiliate without Heartland&#8217;s prior written consent, and will be promptly returned to Heartland upon your Termination, together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made from or about the records, files, documents, or other materials.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>You acknowledge that your access to and permission to use Heartland&#8217;s and the Affiliates&#8217; computer systems, networks, and equipment, and all Heartland and Affiliate information contained therein, is restricted to legitimate business purposes on behalf of Heartland. &#160;Any other access to or use of such systems, network, equipment, and information is without authorization and is prohibited except you may use a Heartland-provided computer for reasonable personal use in accordance with Heartland&#8217;s technology use policy as in effect from time to time. &#160;The restrictions contained in this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6.b</u> extend to any of your personal computers or other electronic devices that are used for business purposes relating to Heartland or an Affiliate. &#160;You may not transfer any Heartland or Affiliate information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to Heartland. &#160;Upon your Termination, your authorization to access and permission to use Heartland&#8217;s and the Affiliates&#8217; computer systems, networks, and equipment, and any Heartland and Affiliate information contained therein, will cease.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">c.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Non-Competition and Non-Solicitation</u>. &#160;You and Heartland have agreed that the primary service area of Heartland&#8217;s operations, including its lending and deposit taking functions, in which you will actively participate extends to an area that encompasses a 25-mile radius from each banking or other office location of Heartland and each Affiliate where you have provided services to Heartland or an Affiliate during the 6-month period immediately before your Termination (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restricted Area</u>&#8221;). &#160;Therefore, as an essential ingredient of and in consideration of this Agreement and your employment with Heartland, you, during your employment with Heartland and during the Restricted Period (as defined in <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u>), whether your employment termination occurs during the Employment Period or thereafter, will not directly or indirectly do any of the following:</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">i.</font>Engage or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation or control of, be employed by, associated with or in any manner connected with, serve as a director, officer or consultant to, lend your name or any similar name to, lend your credit to or render services or advice to, in each case in the capacity that you provided services to Heartland or an Affiliate, any person, firm, partnership, corporation, or trust that owns, operates, or is in the process of </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">9</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:0pt;">forming a bank, savings bank, savings and loan association, credit union, or similar financial institution (each, a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Financial Institution</u>&#8221;) with an office located, or to be located at an address identified in a filing with any regulatory authority, within the Restricted Area; <u style="text-decoration:underline;text-decoration-color:#000000;">provided</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">however</u>, that your ownership of shares of capital stock of any Financial Institution, which shares are listed on a securities exchange or quoted on the National Association of Securities Dealers Automated Quotation System and which do not represent more than 5% of the institution&#8217;s outstanding capital stock, will not violate any terms of this Agreement;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">ii.</font>Either on your own behalf or on behalf of any Financial Institution: &#160;(A)&#160;induce or attempt to induce any employee of Heartland or any Affiliate with whom you had significant contact to leave the employ of Heartland or any Affiliate; (B)&#160;in any way interfere with the relationship between Heartland or any Affiliate and any employee of Heartland or any Affiliate with whom you had significant contact; or (C)&#160;induce or attempt to induce any customer, supplier, licensee, or business relation of Heartland or any Affiliate with whom you had significant contact to cease doing business with Heartland or any Affiliate or in any way interfere with the relationship between Heartland or any Affiliate and their respective customers, suppliers, licensees, or business relations with whom you had significant contact;</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iii.</font>Either on your own behalf or on behalf of any Financial Institution, solicit the business of any person or entity known to you to be a customer of Heartland or any Affiliate, where you had significant contact with such person or entity, with respect to products, activities, or services that compete in whole or in part with the products, activities, or services of Heartland or any Affiliate; or</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">iv.</font>Serve as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any Financial Institution within the Restricted Area, with respect to products, activities, or services that you devoted time to on behalf of Heartland or any Affiliate and that compete in whole or in part with the products, activities, or services of Heartland or any Affiliate.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">d.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Works Made for Hire Provisions</u>. &#160;You and Heartland acknowledge that all work performed by you for Heartland or any Affiliate will be deemed a &#8220;work made for hire.&#8221; Heartland will at all times own and have exclusive right, title, and interest in and to all Confidential Information and Inventions, and Heartland will retain the exclusive right to license, sell, transfer, and otherwise use and dispose of the same. &#160;Any and all enhancements of the technology of Heartland or any Affiliate that are developed by you will be the exclusive property of Heartland. &#160;You hereby assign to Heartland any right, title, and interest in and to all Inventions that you may have, by law or equity, without additional consideration of any kind whatsoever from Heartland or any Affiliate. &#160;You will execute and deliver any instruments or documents and do all other things (including the giving of testimony) requested by Heartland (both during and after your Termination) in order to vest more fully in Heartland all ownership rights in the Inventions (including obtaining patent, copyright, or trademark protection therefor in the United States or foreign countries). &#160;&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Inventions</u>&#8221; means all systems, procedures, techniques, manuals, databases, plans, lists, inventions, trade secrets, copyrights, patents, trademarks, discoveries, innovations, concepts, ideas, and software conceived, compiled, or developed by you in the course of your </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">10</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">employment with Heartland or any Affiliate or comprised, in whole or part, of Confidential Information. &#160;Notwithstanding the foregoing sentence, Inventions will not include: &#160;(i)&#160;any inventions independently developed by you and not derived, in whole or part, from any Confidential Information or (ii)&#160;any invention made by you before your exposure to any Confidential Information.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">e.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Remedies for Breach of Restrictive Covenant</u>. &#160;You have reviewed this Agreement with legal counsel, or have been given adequate opportunity to seek such counsel, and you acknowledge that Restrictive Covenants are reasonable with respect to their duration, geographical area, and scope. &#160;You further acknowledge that the Restrictive Covenants are reasonable and necessary for the protection of the legitimate business interests of Heartland, that they create no undue hardships, that any violation of the Restrictive Covenants would cause substantial injury to Heartland and such interests, and that such Restrictive Covenants were a material inducement to Heartland to enter into this Agreement. &#160;In the event of any violation or threatened violation of any Restrictive Covenants, Heartland, in addition to and not in limitation of, any other rights, remedies, or damages available to it under this Agreement or otherwise at law or in equity, will be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by you and any and all persons directly or indirectly acting for or with you.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">f.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Other Agreements</u>. &#160;In the event of the existence of any other agreement between you and Heartland or an Affiliate that (i)&#160;is in effect during the Restricted Period, and (ii)&#160;contains restrictive covenants that conflict with any of the terms of this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u>, then the more restrictive of such terms from such agreements will control for the period during which such agreements would otherwise be in effect.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">g.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Tolling</u>. &#160;If you violate any of the terms of the Restrictive Covenants, the obligation at issue will run from the first date on which you cease to be in violation of such obligation.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">7.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Notices</u>. &#160;Notices and all other communications under this Agreement will be in writing and will be deemed given when mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: &#160;if to Heartland, to Heartland&#8217;s principal headquarters to the attention of the Reporting Person; and if to you, to your most recent address on file with Heartland, or, in either case, to such other address as either party hereto may furnish to the other in writing, except that notices of changes of address will be effective only upon receipt.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">8.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Applicable Law</u>. &#160;All questions concerning the construction, validity, and interpretation of this Agreement and the performance of the obligations imposed by this Agreement will be governed by the internal laws of the State of Illinois applicable to agreements made and wholly to be performed in such state without regard to conflicts of law provisions of any jurisdiction.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">9.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Mandatory Arbitration</u>. &#160;Except as provided in <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;6</u> above, if any dispute or controversy arises under or in connection with this Agreement, and such dispute or controversy cannot be settled through negotiation, you and Heartland will first try in good faith to settle the dispute or controversy by mediation administered by the American Arbitration Association under its Commercial Mediation Procedures. &#160;If such mediation is not successful, the dispute or </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">11</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">controversy will be settled exclusively by arbitration in accordance with the Employment Arbitration Rules of the American Arbitration Association then in effect. &#160;Judgment may be entered on the arbitrator&#8217;s award in any court having jurisdiction. &#160;Notwithstanding the foregoing, Heartland may resort to the Circuit Court of McLean County, Illinois for injunctive and such other relief as may be available if you engage in conduct, after termination of your employment with Heartland and its Affiliates, that amounts to a violation of the Illinois Trade Secrets Act, amounts to unlawful interference with the business expectations of Heartland or any Affiliate, or violates the Restrictive Covenants. &#160;The FDIC may appear at any arbitration hearing but any decision made thereunder will not be binding on the FDIC.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">10.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Entire Agreement</u>. &#160;This Agreement constitutes the entire agreement between you and Heartland concerning the subject matter hereof, and supersedes all prior negotiations, undertakings, agreements, and arrangements with respect thereto, whether written or oral, including the Prior Agreement. &#160;If a court of competent jurisdiction determines that any term of this Agreement is invalid or unenforceable, then the invalidity or unenforceability of that term will not affect the validity or enforceability of any other term of this Agreement and all other terms will remain in full force and effect. &#160;The various terms of this Agreement are intended to be severable and to constitute independent and distinct binding obligations. &#160;Without limiting the generality of the foregoing, if the scope of any term contained in this Agreement is too broad to permit enforcement to its full extent, such term will be enforced to the maximum extent permitted by law, and such scope may be judicially modified accordingly.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">11.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Withholding of Taxes</u>. &#160;Heartland may withhold from any amounts payable under this Agreement all taxes as may be required by law.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">12.</font><u style="text-decoration:underline;text-decoration-color:#000000;">No Assignment</u>. &#160;Your rights to receive benefits under this Agreement will not be assignable or transferable whether by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution. &#160;In the event of any attempted assignment or transfer contrary to this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;12</u>, Heartland will have no liability to pay any amount so attempted to be assigned or transferred. &#160;This Agreement will inure to the benefit of and be enforceable by your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">13.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Successors</u>. &#160;This Agreement will be binding upon and inure to the benefit of HBT, the Bank, and their successors and assigns.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">14.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Amendment</u>. &#160;This Agreement may not be amended or modified except by written agreement signed by you and Heartland.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">15.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;409A</u>. &#160;This Agreement is intended to comply with Section&#160;409A (&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;409A</u>&#8221;) of the Internal Revenue Code of 1986, as amended, or an exemption thereunder and will be construed and administered in accordance with Section&#160;409A. &#160;Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section&#160;409A or an applicable exemption. &#160;Any payments under this Agreement that may be excluded from Section&#160;409A either as separation pay due to an involuntary separation from service or as a short-term deferral will be excluded from Section&#160;409A to the maximum extent possible. &#160;For purposes of Section&#160;409A, each installment </div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">12</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;">payment provided under this Agreement will be treated as a separate payment. &#160;Any payments to be made under this Agreement upon a termination of employment will only be made upon a &#8220;separation from service&#8221; under Section&#160;409A. &#160;To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Section&#160;409A, such reimbursements and in-kind benefit payments will be made in accordance with Treasury Regulation Section&#160;1.409A-3(i)(1)(iv). &#160;Notwithstanding anything in this Agreement to the contrary, if any payment or benefit provided to you in connection with your termination of employment is determined to constitute &#8220;nonqualified deferred compensation&#8221; within the meaning of Section&#160;409A and you are determined to be a &#8220;specified employee&#8221; under Section&#160;409A, then such payment or benefit will not be paid until the first payroll date to occur following the 6-month anniversary of your termination of employment or, if earlier, upon your death (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Specified Employee Payment Date</u>&#8221;). &#160;The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date will be paid to you, without interest, in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments will be paid without delay in accordance with their original schedule. &#160;Notwithstanding the foregoing, Heartland makes no representations that the payments and benefits provided under this Agreement comply with Section&#160;409A, and in no event will Heartland be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by you on account of non-compliance with Section&#160;409A.</div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';min-width:36pt;text-indent:0pt;white-space:nowrap;">16.</font><u style="text-decoration:underline;text-decoration-color:#000000;">Survival</u>. &#160;The terms of <u style="text-decoration:underline;text-decoration-color:#000000;">Sections&#160;5</u> through <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;15</u> above and this <u style="text-decoration:underline;text-decoration-color:#000000;">Section&#160;16</u> will survive the termination of this Agreement.</div><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:0pt;margin:0pt;"><font style="font-size:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">13</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">IN WITNESS WHEREOF</b>, you, HBT, and the Bank have executed this Agreement as of the Effective Date.</p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><b style="font-weight:bold;">EXECUTIVE</b><br><br><br>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  /s/&#160;Patrick F. Busch</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:22.4pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><br><br>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  Patrick F. Busch</u><u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:-8.22pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>                                                                </u></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><b style="font-weight:bold;">HBT FINANCIAL, INC.</b><br><br><br>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  /s/&#160;J. Lance Carter</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:29.1pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><br><br>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  J. Lance Carter</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:39.11pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u> </u><u style="text-decoration:underline;text-decoration-color:#000000;"><br><br></u>Title:<u style="text-decoration:underline;text-decoration-color:#000000;"> President and Chief Operating Officer</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><b style="font-weight:bold;">HEARTLAND BANK AND TRUST COMPANY<br><br><br></b>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  /s/&#160;J. Lance Carter</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:29.1pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><br><br>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">  J. Lance Carter</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:42.11pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><br><br></u>Title:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   Chief Operating Officer</u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:57.82pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 18pt 0pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 0pt 0pt 18pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 18pt 0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:0pt;margin:0pt;"><font style="font-size:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">14</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><u style="text-decoration:underline;">Exhibit&#160;A</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Employee</u>&#8221;: &#160;Patrick F. Busch</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Effective Date</u>&#8221;: &#160;February 22, 2021</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Position</u>&#8221;: &#160;Executive Vice President and Chief Lending Officer of HBT Financial, Inc. and President and Chief Lending Officer of Heartland Bank and Trust Company</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Initial Expiration Date</u>&#8221;: &#160;December 31, 2023</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Reporting Person</u>&#8221;: &#160;Chief Executive Officer of HBT Financial, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Location of Employment</u>&#8221;: &#160;Principal headquarters of HBT Financial, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Base Salary</u>&#8221;: &#160;$433,038</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Target Bonus</u>&#8221;: &#160;40% of Base Salary</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Annual LTI Awards Target</u>&#8221;: &#160;40% of Base Salary</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Annual PTO Days</u>&#8221;: &#160;20 vacation days plus 8 personal days (which includes sick days)</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Outside Covered Period Severance Months</u>&#8221;: &#160;6</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Covered Period Severance Amount</u>&#8221;: &#160;2 times the sum of Base Salary and Target Bonus for the year in which Involuntary Termination occurs </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">COBRA Months</u>&#8221;: &#160;18</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Restricted Period</u>&#8221;: &#160;6 months following your Involuntary Termination outside of a Covered Period or your Termination due to your Disability inside or outside of a Covered Period; 12 months following your Termination initiated by HBT and Heartland for Cause or by you without Good Reason (including non-extension of the Employment Period by you in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Section 2</u> above), in each case either inside or outside of a Covered Period; or 24 months following your Involuntary Termination inside of a Covered Period</p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100%;"><tr><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">Exhibit&#160;A &#8211; Page&#160;1</p></td><td style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;line-height:10pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>tmb-20210219xex10d4.htm
<DESCRIPTION>EX-10.4
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.9.1.77--><!--Created on: 2/25/2021 09:05:23 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt;">RSU AWARD AGREEMENT</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;">HBT FINANCIAL, INC. OMNIBUS INCENTIVE PLAN</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">HBT Financial, Inc. (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Company</b>&#8221;) grants to the Participant named below (&#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">you</b>&#8221;) the number of restricted stock units (&#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">RSUs</b>&#8221;) set forth below (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Award</b>&#8221;), under this RSU Award Agreement (this &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Agreement</b>&#8221;).</p><div style="margin-left:-0.4pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:99.92%;"><tr style="height:1pt;"><td style="vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Governing Plan:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.37%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">HBT Financial, Inc. Omnibus Incentive Plan (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Plan</b>&#8221;)</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Defined Terms:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.37%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">As set forth in the Plan, unless otherwise defined in this Agreement</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Participant:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.37%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">[Name]</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Grant Date:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.37%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">[Date]</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Number of RSUs:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.37%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">[&#9679;]</p></td></tr><tr style="height:1pt;"><td style="vertical-align:top;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Definition of RSU:</b></p></td><td colspan="4" style="vertical-align:bottom;width:84.37%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">Each RSU entitles you to receive one Share, together with accrued Dividend Equivalents, in the future, subject to the terms of this Agreement.</p></td></tr><tr style="height:1pt;"><td rowspan="6" style="vertical-align:top;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Earning and Payment:</b></p></td><td colspan="4" style="vertical-align:top;width:84.37%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;padding-top:6pt;margin:0pt;">Subject to the terms of this Agreement, the RSUs will become vested and payable as follows, as long as you do not have a Separation from Service before the applicable vesting date:</p></td></tr><tr style="height:1pt;"><td style="display:none;vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td rowspan="2" style="vertical-align:bottom;width:3.24%;border-left:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:31.76%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Vesting Date</b></p></td><td style="vertical-align:top;width:46.13%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">% of RSUs Payable</b></p></td><td rowspan="2" style="vertical-align:bottom;width:3.22%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">&#160;</p></td></tr><tr style="height:1pt;"><td style="display:none;vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="display:none;vertical-align:middle;width:3.24%;border-left:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td rowspan="3" style="vertical-align:middle;width:31.76%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><font style="line-height:1;">[&#9679;]</font></p></td><td rowspan="3" style="vertical-align:middle;width:46.13%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><font style="line-height:1;">[&#9679;]%</font></p></td><td style="display:none;vertical-align:middle;width:3.22%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:1pt;"><td style="display:none;vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:3.24%;border-left:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="display:none;vertical-align:top;width:31.76%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="display:none;vertical-align:top;width:46.13%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:3.22%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:4.35pt;"><td style="display:none;vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:3.24%;border-left:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="display:none;vertical-align:top;width:31.76%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="display:none;vertical-align:top;width:46.13%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:3.22%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:1pt;"><td style="display:none;vertical-align:middle;width:15.62%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:3.24%;border-bottom:1px solid #000000;border-left:1px solid #000000;margin:0pt;padding:1.5pt 1.5pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">&#160;</p></td><td style="vertical-align:bottom;width:31.76%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">&#160;</p></td><td style="vertical-align:bottom;width:46.13%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:3.22%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">&#160;</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;margin:12pt 0pt 12pt 0pt;">RSU TERMS</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">1.</font><u style="font-size:11pt;text-decoration:underline;">Grant of RSUs.</u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">The Award is subject to the terms of the Plan. The terms of the Plan are incorporated into this Agreement by this reference.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">You must accept the terms of this Agreement by returning a signed copy to the Company within 30 days after the Agreement is presented to you for review. The Committee may unilaterally cancel and forfeit the Award in its entirety if you do not accept the terms of this Agreement.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><font style="font-size:11pt;line-height:1.19;margin-bottom:0pt;text-decoration:underline;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">2.</font><u style="font-size:11pt;text-decoration:underline;">Restrictions; Rights as Stockholders. </u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">You will have no rights or privileges of a Stockholder as to the Shares underlying the RSUs before Settlement under Section 5 below, including no right to vote or receive dividends or other distributions; in addition, the following terms will apply:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(i)</font><font style="font-size:11pt;">you will not be entitled to delivery of any Share certificates for the RSUs until Settlement (if at all) and upon the satisfaction of all other terms;</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(ii)</font><font style="font-size:11pt;">you may not sell, transfer (other than by will or the laws of descent and distribution), assign, pledge or otherwise encumber or dispose of the RSUs or any rights under the RSUs before Settlement;</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(iii)</font><font style="font-size:11pt;">you will forfeit all of the RSUs, and all of your rights under the RSUs will terminate in their entirety on the terms set forth in Section 4(a) and Section 10(j) below; and</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(iv)</font><font style="font-size:11pt;">each RSU will be credited with cash and stock dividends, if any, paid by the Company during the period commencing on the Grant Date and ending on the date of Settlement in respect of one Share (&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Dividend Equivalents</b><font style="font-size:11pt;">&#8221;), and any such Dividend Equivalents accumulated will vest and be paid in the same form (cash or stock) at the time the vested RSU is paid. </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">Any attempt to dispose of the RSUs or any interest in the RSUs in a manner contrary to the terms of this Agreement will be void and of no effect.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">3.</font><u style="font-size:11pt;text-decoration:underline;">Restricted Period and Payment.</u><font style="font-size:11pt;text-decoration:none;"> The &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:none;">Restricted Period</b><font style="font-size:11pt;text-decoration:none;">&#8221; is the period beginning on the Grant Date and ending on the date the RSUs, or such applicable portion of the RSUs, vest and become payable under the terms set forth in the table at the beginning of this Agreement or as provided in Section 4 below.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">4.</font><u style="font-size:11pt;text-decoration:underline;">Forfeiture; Qualifying Separation; Change in Control. </u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">Except as otherwise provided in the remainder of this Section 4, if, during the Restricted Period, (a)&#160;you incur a Separation from Service (for the avoidance of doubt, which does not otherwise result in the immediate or continued vesting and payment of the RSUs), (b)&#160;you materially breach this Agreement or (c)&#160;you fail to meet the tax withholding obligations described in Section 6 below, all of your rights to the RSUs will terminate immediately and be forfeited in their entirety.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">If</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">you</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">incur a Separation from Service due to your death or a Disability (such Separation from Service a &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Qualifying Separation</b><font style="font-size:11pt;">&#8221;)</font><sup style="font-size:8.25pt;vertical-align:top;"> </sup><font style="font-size:11pt;">prior to </font><font style="font-size:10pt;">[&#9679;]</font><font style="font-size:11pt;">, </font><font style="font-size:11pt;">then </font><font style="font-size:11pt;">100% of</font><font style="font-size:11pt;"> your </font><font style="font-size:11pt;">unvested RSUs</font><font style="font-size:11pt;"> shall become </font><font style="font-size:11pt;">vested RSUs. The RSUs which become vested pursuant to this Section 4(b) will be payable in accordance with Section 5 below.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(c)</font><font style="font-size:11pt;">If a Change in Control occurs prior to the date the RSUs become vested under the terms set forth in the table at the beginning of this Agreement, and you incur a Separation from Service due to a Qualifying Separation, without Cause or for Good Reason upon such Change in Control or within the 24 months after the Change in Control, but prior to the date all of the RSUs have become vested, then any RSUs (or a Substitute Award as described below, as the case may be) which are then unvested shall become vested in full on the date of such Separation from Service and will be payable in accordance with Section 5 below. If your Separation from Service occurs for any other reason (including for Cause or without Good Reason) upon or within the 24 months after such Change in Control but prior to the time that all of the RSUs (or a Substitute Award, as the case may be) have become vested, then the unvested RSUs (or a Substitute Award, as the case may be) shall be immediately forfeited and all of your rights hereunder shall terminate.</font></div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">2</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(d)</font><font style="font-size:11pt;">For purposes of this Award Agreement, a Separation from Service &#160;&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">without Cause</b><font style="font-size:11pt;">&#8221; means termination of your employment by the Company or any Subsidiary without Cause, and &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">for Good Reason</b><font style="font-size:11pt;">&#8221; means your resignation from employment for Good Reason. &#160;If you are a party to an employment agreement with the Company or any Subsidiary (such agreement, the &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Employment Agreement</b><font style="font-size:11pt;">&#8221;), the determination of whether your employment terminated &#8220;without Cause&#8221; or &#8220;for Good Reason&#8221; shall be determined in accordance with the terms of your Employment Agreement, including but not limited to provisions relating to involuntary termination or words of similar import. &#160;If you do not have an Employment Agreement with the Company or any Subsidiary with such terms, then the following terms shall apply:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(i)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Cause</b><font style="font-size:11pt;">&#8221; shall have the meaning ascribed to it in the Plan.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(ii)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Good Reason</b><font style="font-size:11pt;">&#8221; shall mean the occurrence of any event, other than in connection with termination of your employment by the Company or any Subsidiary, which results in (1) a material diminution of your principal duties or responsibilities from those in effect immediately prior to the Change in Control, including, without limitation, a significant change in the nature or scope of your principal duties or responsibilities, such that your duties or responsibilities are inconsistent with those immediately prior to the Change in Control, and commonly (in the banking industry) considered to be of lesser responsibility; or (2) a material diminution of your total compensation from that immediately prior to the Change in Control; or (3) you being required to be based at an office or location which is more than 35 miles from your office or location immediately prior to the Change in Control. &#160;Notwithstanding the foregoing, in order for your resignation for Good Reason to occur, (x) you must provide written notice of the Good Reason event to the Company or its subsidiary within 30 days after the initial existence of such event, (y) the Company or its subsidiary must not have cured such condition within 30 days of receipt of your written notice or the Company or Subsidiary must have stated unequivocally in writing that it </font><font style="font-size:11pt;">does not intend to attempt to cure such condition and (z)</font><font style="font-size:11pt;">&#160;</font><font style="font-size:11pt;">you must resign from employment at the end of the period within which the Company or </font><font style="font-size:11pt;">S</font><font style="font-size:11pt;">ubsidiary was entitled to remedy the condition constituting Good Reason but failed to do so</font><font style="font-size:11pt;">.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(e)</font><font style="font-size:11pt;">A Change in Control shall not, by itself, result in acceleration of vesting or payment of the unvested RSUs, except as provided in this Section (4)(e).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(i)</font><font style="font-size:11pt;">Upon a Change in Control, </font><font style="font-size:11pt;">the unvested RSUs will become earned and vest in full upon the date of the Change in Control and become payable on the first regular payroll day following the Change in Control unless another award meeting the requirements of this Section (4)(e) (a &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Substitute Award</b><font style="font-size:11pt;">&#8221;) is provided to you to replace this Award (the &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Original Award</b><font style="font-size:11pt;">&#8221;). &#160;The earned RSUs represented by such Substitute Award, if applicable, shall continue to vest and become payable as provided in Section 3, subject to earlier vesting in accordance with Section 4(b) and 4(c), above.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(ii)</font><font style="font-size:11pt;">An award shall meet the requirements of this Section&#160;(4)(e), and thereby qualify as a Substitute Award, if the following conditions are met:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:108pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(1)</font><font style="font-size:11pt;">the award has a value at least equal to the value of the Original Award;</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:108pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(2)</font><font style="font-size:11pt;">t</font><font style="font-size:11pt;">he </font><font style="font-size:11pt;">a</font><font style="font-size:11pt;">ward relates to publicly</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">traded equity securities of the Company or its successor following the Change in Control or another entity that is affiliated with the Company or its successor following the Change in Control; and</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:108pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(3)</font><font style="font-size:11pt;">t</font><font style="font-size:11pt;">he other terms and conditions of the </font><font style="font-size:11pt;">a</font><font style="font-size:11pt;">ward are not less favorable to you than the terms and conditions of the </font><font style="font-size:11pt;">Original </font><font style="font-size:11pt;">Award, including the </font><font style="font-size:11pt;">vesting </font><font style="font-size:11pt;">provisions of</font><font style="font-size:11pt;"> Section 4(d)</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">above </font><font style="font-size:11pt;">(except that in the event of a subsequent Change in Control of the Company or its successor, the </font><font style="font-size:11pt;">Substitute</font><font style="font-size:11pt;"> Award shall be fully vested and freely transferable upon such subsequent Change in Control).</font></div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">3</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 12pt 0pt;">Without limiting the generality of the foregoing, a Substitute Award may take the form of a continuation of the Original Award if the requirements of the preceding sentence are satisfied. &#160;The determination of whether the conditions of this Section&#160;4 are satisfied shall be made by the Committee, as constituted immediately before the Change in Control, in its sole discretion.</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">5.</font><u style="font-size:11pt;text-decoration:underline;">Settlement of RSUs.</u><font style="font-size:11pt;text-decoration:none;"> Delivery of Shares or payment of other amounts (&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:none;">Settlement</b><font style="font-size:11pt;text-decoration:none;">&#8221;) which become vested and payable under this Agreement will be subject to the following:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">The Company will deliver to you one Share for each RSU that has become vested, and any Dividend Equivalents with respect thereto shall be payable, within 30 days after the end of the applicable Restricted Period.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">Any issuance of Shares under the Award may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any securities exchange or similar entity.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(c)</font><font style="font-size:11pt;">If a certificate for Shares is delivered to you under the Award, the certificate may bear the following or a similar legend as determined by the Company:</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 36pt 12pt 36pt;">The ownership and transferability of this certificate and the shares of stock represented hereby are subject to the terms (including forfeiture) of the HBT Financial, Inc. Omnibus Incentive Plan and an RSU award agreement entered into between the registered owner and HBT Financial, Inc. Copies of such plan and agreement are on file in the executive offices of HBT Financial, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 12pt 0pt;">In addition, any stock certificates for Shares will be subject to any stop-transfer orders and other restrictions as the Company may deem advisable under the rules, regulations and other requirements of the SEC, any securities exchange or similar entity upon which the Shares are then listed, and any applicable federal or state securities law, and the Company may cause a legend or legends to be placed on any certificates to make appropriate reference to these restrictions.</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">6.</font><u style="font-size:11pt;text-decoration:underline;">Withholding.</u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">Regardless of any action the Company may take that is related to any or all income tax, payroll tax or other tax-related withholding (&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Tax-Related Items</b><font style="font-size:11pt;">&#8221;), the ultimate liability for all Tax-Related Items owed by you is and will remain your responsibility. The Company (i)&#160;makes no representations or undertakings regarding the treatment of any Tax-Related Items under the Award and (ii) does not commit to structure the terms of the Award to reduce or eliminate your liability for Tax-Related Items. </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">You will be required to meet any applicable tax withholding obligation in accordance with the tax withholding terms of Section 14.5 of the Plan (and any successor terms); provided that you will be permitted to elect to have the Company withhold from the Shares and any Dividend Equivalents otherwise payable to you under this Award the amounts necessary to satisfy such withholding obligations as described in said Section 14.5 of the Plan. &#160; The RSUs are intended to be exempt from Section 409A, and this Agreement will be administered and interpreted consistently with that intent and with the terms of Section 14.16 of the Plan (and any successor terms).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">7.</font><u style="font-size:11pt;text-decoration:underline;">Adjustment.</u><font style="font-size:11pt;text-decoration:none;"> Upon any event described in Section 4.2 of the Plan (and any successor sections) occurring after the Grant Date, the adjustment terms of that section will apply to the Award.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">8.</font><u style="font-size:11pt;text-decoration:underline;">Bound by Plan and Committee Decisions.</u><font style="font-size:11pt;text-decoration:none;"> By accepting the Award, you acknowledge that you have received a copy of the Plan, have had an opportunity to review the Plan, and agree to be bound by all of the terms of the Plan. If there is any conflict between this Agreement and the Plan, the Plan will control. The authority to manage and control the operation and administration of this Agreement and the Plan is vested in the Committee. The Committee has all powers under this Agreement that it has under the Plan. Any interpretation of this Agreement </font></div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">4</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="font-size:11pt;text-decoration:none;">or the Plan by the Committee and any decision made by the Committee related to the Agreement or the Plan will be final and binding on all Persons.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">9.</font><u style="font-size:11pt;text-decoration:underline;">Regulatory and Other Limitations.</u><font style="font-size:11pt;text-decoration:none;"> Notwithstanding anything else in this Agreement, the Committee may impose conditions, restrictions and limitations on the issuance of Shares under the Award unless and until the Committee determines that the issuance complies with (a) all registration requirements under the Securities Act, (b) all listing requirements of any securities exchange or similar entity on which the Shares are listed, (c) all Company policies and administrative rules and (d) all applicable laws.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">10.</font><u style="font-size:11pt;text-decoration:underline;">Miscellaneous.</u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Notices</u><font style="font-size:11pt;">. Any notice that may be required or permitted under this Agreement must be in writing and may be delivered personally, by intraoffice mail, or by electronic mail or via a postal service (postage prepaid) to the electronic mail or postal address and directed to the person as the receiving party may designate in writing from time to time.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Waiver</u><font style="font-size:11pt;">. The waiver by any party to this Agreement of a breach of any term of the Agreement will not operate or be construed as a waiver of any other or subsequent breach.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(c)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Entire Agreement</u><font style="font-size:11pt;">. This Agreement and the Plan constitute the entire agreement between you and the Company related to the Award. Any prior agreements, commitments or negotiations concerning the Award are superseded. </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(d)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Binding Effect; Successors</u><font style="font-size:11pt;">. The obligations and rights of the Company under this Agreement will be binding upon and inure to the benefit of the Company and any successor corporation or organization resulting from the merger, consolidation, sale or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company. Your obligations and rights under this Agreement will be binding upon and inure to your benefit and the benefit of your beneficiaries, executors, administrators, heirs and successors.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(e)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Governing Law; Jurisdiction; Waiver of Jury Trial</u><font style="font-size:11pt;">. You acknowledge and expressly agree to the governing law terms of Section 14.9 of the Plan (and any successor terms) and the jurisdiction and waiver of jury trial terms of Section 14.10 of the Plan (and any successor terms).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(f)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Amendment</u><font style="font-size:11pt;">. This Agreement may be amended at any time by the Committee, except that no amendment may, without your consent, materially impair your rights under the Award.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(g)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Severability</u><font style="font-size:11pt;">. The invalidity or unenforceability of any term of the Plan or this Agreement will not affect the validity or enforceability of any other term of the Plan or this Agreement, and each other term of the Plan and this Agreement will be severable and enforceable to the extent permitted by law.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(h)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">No Rights to Service; No Impact on Other Benefits</u><font style="font-size:11pt;">. Nothing in this Agreement will be construed as giving you any right to be retained in any position with the Company or its Affiliates. Nothing in this Agreement will interfere with or restrict the rights of the Company or its Affiliates&#8212;which are expressly reserved&#8212;to remove, terminate or discharge you at any time for any reason whatsoever or for no reason, subject to the Company&#8217;s certificate of incorporation, bylaws, and other similar governing documents and applicable law. The value of the RSUs is not part of your normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance, or similar employee benefit. The grant of the RSUs does not create any right to receive any future awards.</font></div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">5</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(i)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Further Assurances</u><font style="font-size:11pt;">. You must, upon request of the Company or the Committee, do all acts and execute, deliver, and perform all additional documents, instruments and agreements that may be reasonably required by the Company or the Committee to implement this Agreement.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(j)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Clawback</u><font style="font-size:11pt;">. All awards, amounts or benefits received or outstanding under the Plan will be subject to clawback, cancellation, recoupment, rescission, payback, reduction or other similar action in accordance with the terms of any Company clawback or similar policy or any applicable law related to such actions, as may be in effect from time to time. You acknowledge and consent to the Company&#8217;s application, implementation and enforcement of any applicable Company clawback or similar policy that may apply to you, whether adopted before or after the Grant Date (including the forfeiture, clawback and detrimental conduct terms contained in Section 14.22 of the Plan as of the Grant Date (and any successor terms)), and any term of applicable law relating to clawback, cancellation, recoupment, rescission, payback or reduction of compensation, and the Company may take such actions as may be necessary to effectuate any such policy or applicable law, without further consideration or action.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(k)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Electronic Delivery and Acceptance</u><font style="font-size:11pt;">. The Company may deliver any documents related to current or future participation in the Plan by electronic means. You consent to receive those documents by electronic delivery and to participate in the Plan through any online or electronic system established and maintained by the Company or a third party designated by the Company.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">11.</font><u style="font-size:11pt;text-decoration:underline;">Your Representations.</u><font style="font-size:11pt;text-decoration:none;"> You represent to the Company that you have read and fully understand this Agreement and the Plan and that your decision to participate in the Plan is completely voluntary. You also acknowledge that you are relying solely on your own advisors regarding the tax consequences of the Award.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 12pt 0pt;">By signing below, you agree that the Award is granted under and governed by the terms of the Plan and this RSU Award Agreement&#8212;and you agree to all such terms&#8212;as of the Grant Date.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 18pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:108pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:justify;">PARTICIPANT</b></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><b style="font-weight:bold;">HBT FINANCIAL, INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 18pt 0pt;">Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:22.2pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><font style="display:inline-block;width:36pt;"></font>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:22.2pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 18pt 0pt;">Print name:<u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.98pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><font style="display:inline-block;width:36pt;"></font>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.98pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt 0pt 18pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-size:11pt;">Title:</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.17pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">6</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:avoid;width:82.35%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>tmb-20210219xex10d5.htm
<DESCRIPTION>EX-10.5
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.9.1.77--><!--Created on: 2/25/2021 09:05:26 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt;">PERFORMANCE RSU AWARD AGREEMENT</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;">HBT FINANCIAL, INC. OMNIBUS INCENTIVE PLAN</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">HBT Financial, Inc. (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Company</b>&#8221;) grants to the Participant named below (&#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">you</b>&#8221;) the number of performance restricted stock units (&#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">PRSUs</b>&#8221;) set forth below (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Award</b>&#8221; or &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">PRSU Award</b>&#8221;), under this PRSU Award Agreement (this &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Agreement</b>&#8221;).</p><div style="margin-left:-0.4pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:99.91%;"><tr style="height:1pt;"><td style="vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Governing Plan:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">HBT Financial, Inc. Omnibus Incentive Plan (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Plan</b>&#8221;)</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Defined Terms:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">As set forth in the Plan, unless otherwise defined in this Agreement</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Participant:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">[Name]</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Grant Date:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">[Date]</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Target Number of PRSUs:</b></p></td><td colspan="4" style="vertical-align:middle;width:84.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">[&#9679;] (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">target number of PRSUs</b>&#8221;)</p></td></tr><tr style="height:1pt;"><td style="vertical-align:top;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Definition of PRSU:</b></p></td><td colspan="4" style="vertical-align:bottom;width:84.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;">Each PRSU earned entitles you to receive one Share, together with accrued Dividend Equivalents, in the future subject to the terms of this Agreement.</p></td></tr><tr style="height:1pt;"><td style="vertical-align:top;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Performance Period:</b></p></td><td colspan="4" style="vertical-align:top;width:84.8%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;padding-top:6pt;margin:0pt;">[&#9679;] through [&#9679;] (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Performance Period</b>&#8221;<b style="font-weight:bold;">)</b></p></td></tr><tr style="height:1pt;"><td rowspan="5" style="vertical-align:top;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;margin:0pt;"><b style="font-weight:bold;">Earning and Payment:</b></p></td><td colspan="4" style="vertical-align:top;width:84.8%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:6pt 1.12pt 6pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;padding-top:6pt;margin:0pt;">Subject to the terms of the Agreement, the number of PRSUs which may earned and become vested and payable is as follows:</p></td></tr><tr style="height:1pt;"><td style="display:none;vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td rowspan="2" style="vertical-align:bottom;width:1.83%;border-left:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:40.73%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">If average annual ROATCE for the Performance Period, as determined in accordance with </b><b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Exhibit A</b><b style="font-weight:bold;"> is:</b></p></td><td style="vertical-align:top;width:41.14%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="border-bottom-style:none;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:0pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">PRSUs Earned and Payable</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(% of target number of PRSUs)</b></p></td><td rowspan="2" style="vertical-align:bottom;width:1.09%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">&#160;</p></td></tr><tr style="height:1pt;"><td style="display:none;vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="display:none;vertical-align:middle;width:1.83%;border-left:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:40.73%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;">[&#9679;]% or greater</p></td><td style="vertical-align:top;width:41.14%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;">150%</p></td><td style="display:none;vertical-align:middle;width:1.09%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:1pt;"><td style="display:none;vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:1.83%;border-left:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:40.73%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">[&#9679;]% or more, but less than [&#9679;]%</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:41.14%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;">25% to 150% depending upon relative performance as determined in accordance with <u style="text-decoration:underline;text-decoration-color:#000000;">Exhibit A</u> to this Agreement</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:1.09%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:1pt;"><td style="display:none;vertical-align:middle;width:15.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:1.83%;border-left:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:40.73%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;">Less than [&#9679;]%</p></td><td style="vertical-align:top;width:41.14%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:1.5pt 1.12pt 1.5pt 1.12pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:6pt;text-align:center;margin:0pt;">0%</p></td><td style="vertical-align:middle;width:1.09%;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:1.5pt 0pt 1.5pt 0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;margin:12pt 0pt 12pt 0pt;">PRSU TERMS</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">1.</font><u style="font-size:11pt;text-decoration:underline;">Grant of PRSUs.</u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">The Award is subject to the terms of the Plan. The terms of the Plan are incorporated into this Agreement by this reference.</font></div></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">You must accept the terms of this Agreement by returning a signed copy to the Company within 30 days after the Agreement is presented to you for review. The Committee may unilaterally cancel and forfeit the Award in its entirety if you do not accept the terms of this Agreement.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">2.</font><u style="font-size:11pt;text-decoration:underline;">Rights as Stockholder.</u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">You will have no rights or privileges of a Stockholder as to the Shares underlying the PRSUs before Settlement under Section 5 below, including no right to vote or receive dividends or other distributions; in addition, the following terms will apply:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(i)</font><font style="font-size:11pt;">you will not be entitled to delivery of any Share certificates for the PRSUs until Settlement (if at all) and upon the satisfaction of all other terms;</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(ii)</font><font style="font-size:11pt;">you may not sell, transfer (other than by will or the laws of descent and distribution), assign, pledge or otherwise encumber or dispose of the PRSUs or any rights under the PRSUs before Settlement; </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(iii)</font><font style="font-size:11pt;">you will forfeit all of the PRSUs and all of your rights under the PRSUs will terminate in their entirety on the terms set forth in Section 4(a) and Section 10(j) below; and</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:72pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(iv)</font><font style="font-size:11pt;">each earned PRSU will be credited with cash and stock dividends, if any, paid by the Company during the period commencing on the Grant Date and ending on the date of Settlement in respect of one Share (&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Dividend Equivalents</b><font style="font-size:11pt;">&#8221;</font><b style="font-size:11pt;font-weight:bold;">)</b><font style="font-size:11pt;">, and any such Dividend Equivalents will be accumulated and will vest and be paid in the same form (cash or stock) at the same time as such earned PRSUs vest and are paid.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">Any attempt to dispose of the PRSUs or any interest in the PRSUs in a manner contrary to the terms of this Agreement will be void and of no effect.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">3.</font><u style="font-size:11pt;text-decoration:underline;">Vesting.</u><font style="font-size:11pt;text-decoration:none;"> Earned PRSUs, if any, determined in accordance with this Agreement will vest on </font><font style="font-size:10pt;text-decoration:none;">[&#9679;]</font><font style="font-size:11pt;text-decoration:none;"> (the &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:none;">Vesting Date</b><font style="font-size:11pt;text-decoration:none;">&#8221;), subject to Section 4 below.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">4.</font><u style="font-size:11pt;text-decoration:underline;">Effect of Separation from Service; Forfeiture.</u></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">(a) &#160;Except as otherwise provided in the remainder of &#160;this Section 4, if &#160;(i)&#160;you incur a Separation from Service prior to the Vesting Date (for the avoidance of doubt, which does not otherwise result in the immediate or continued earning and payment of the PRSUs), (ii)&#160;you materially breach this Agreement or (iii)&#160;you fail to meet the tax withholding obligations described in Section 6 below, all of your rights to the PRSUs will terminate immediately and be forfeited in their entirety.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:11pt;">(b) &#160;Except as provided in the following paragraphs of this Section 4, i</font><font style="font-size:11pt;">f </font><font style="font-size:11pt;">you</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">incur a Separation from Service due to your death or a Disability (such Separation from Service a &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Qualifying Separation</b><font style="font-size:11pt;">&#8221;) on or prior to </font>[&#9679;]<font style="font-size:11pt;">, </font><font style="font-size:11pt;">then a </font><font style="font-size:11pt;">percentage</font><font style="font-size:11pt;"> of your </font><font style="font-size:11pt;">target number of PRSUs</font><font style="font-size:11pt;"> shall remain outstanding and may become earned </font><font style="font-size:11pt;">and vested PRSUs</font><font style="font-size:11pt;">, and the remainder of your </font><font style="font-size:11pt;">target number of PRSUs</font><font style="font-size:11pt;"> shall be forfeited and </font><font style="font-size:11pt;">will </font><font style="font-size:11pt;">not become earned or vested after such </font><font style="font-size:11pt;">Separation from Service</font><font style="font-size:11pt;">. </font><font style="font-size:11pt;"> In the event of such Qualifying Separation, the percentage</font><font style="font-size:11pt;"> of your </font><font style="font-size:11pt;">target number of PRSUs</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">that</font><font style="font-size:11pt;"> will remain outstanding and eligible to become earned and vested will be equal to the product of (</font><font style="font-size:11pt;">i</font><font style="font-size:11pt;">)&#160;the </font><font style="font-size:11pt;">target number of PRSUs</font><font style="font-size:11pt;"> multiplied by (</font><font style="font-size:11pt;">ii</font><font style="font-size:11pt;">)&#160;a fraction, the numerator of which is the number of whole months </font><font style="font-size:11pt;">that</font><font style="font-size:11pt;"> have elapsed from </font>[&#9679;]<font style="font-size:11pt;"> </font><font style="font-size:11pt;">to the date </font><font style="font-size:11pt;">your Qualifying Separation </font><font style="font-size:11pt;">and the denominator of which is </font>36<font style="font-size:11pt;">. </font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">Such product shall become your </font><font style="font-size:11pt;">target</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">n</font><font style="font-size:11pt;">umber </font><font style="font-size:11pt;">PRSUs</font><font style="font-size:11pt;"> for purposes of determining </font><font style="font-size:11pt;">the number of earned PRSUs under</font><font style="font-size:11pt;"> </font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Exhibit&#160;A</u><font style="font-size:11pt;">, if any, following the end the of the Performance Period.</font><font style="font-size:11pt;"> &#160;Your earned PRSUs, if any, will vest and become payable in Shares on the Vesting Date.</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><font style="color:#808080;">2</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:27pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:11pt;">(c) &#160;Except as provided in the following paragraphs of this Section 4, if you incur a Separation from Service</font><font style="font-size:11pt;"> after </font>[&#9679;]<font style="font-size:11pt;"> </font><font style="font-size:11pt;">but prior to the Vesting Date </font><font style="font-size:11pt;">due to </font><font style="font-size:11pt;">a Qualifying Separation or without Cause or for Good Reason, then 100% of your target number of PRSUs shall remain outstanding and may become earned PRSUs and vest and become payable on the Vesting Date as if such Separation from Service had not occurred.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:27pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:11pt;">(d) &#160;If a Change in Control occurs prior to </font>[&#9679;]<font style="font-size:11pt;"> and you incur a Separation from Service due to a Qualifying Separation, without Cause or for Good Reason upon such Change in Control or within the 24&#160;months after the Change in Control, but prior to the date all of the earned PRSUs have become vested, then any earned PRSUs (or a Substitute Award as described below, as the case may be) which are then unvested shall vest in full on the date of such Separation from Service and become immediately payable. If your Separation from Service occurs for any other reason (including for Cause or without Good Reason) upon or within the 24&#160;months after such Change in Control but prior to the time that all of the earned PRSUs (or a Substitute Award, as the case may be) have become vested, then the unvested earned PRSUs (or a Substitute Award, as the case may be) shall be immediately forfeited and all of your rights hereunder shall terminate.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:27pt;margin:0pt 0pt 12pt 0pt;">(e) &#160;For purposes of this Award Agreement, a Separation from Service &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">without Cause</b>&#8221; means termination of your employment by the Company or any Subsidiary without Cause, and &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">for Good Reason</b>&#8221; means your resignation from employment for Good Reason. &#160;If you are a party to an employment agreement with the Company or any Subsidiary (such agreement the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Employment Agreement</b>&#8221;), the determination of whether your employment terminated &#8220;without Cause&#8221; or &#8220;for Good Reason&#8221; shall be determined in accordance with the terms of your Employment Agreement, including but not limited to provisions relating to involuntary termination or words of similar import. &#160;If you do not have an Employment Agreement with the Company or any Subsidiary with such terms, then the following terms shall apply:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(i)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Cause</b><font style="font-size:11pt;">&#8221; shall have the meaning ascribed to it in the Plan</font><font style="font-size:11pt;">.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:36pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(ii)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Good Reason</b><font style="font-size:11pt;">&#8221; shall mean the occurrence of any event, other than in connection with </font><font style="font-size:11pt;">termination of your employment by the Company or any Subsidiary, </font><font style="font-size:11pt;">which results in </font><font style="font-size:11pt;">(1)&#160;</font><font style="font-size:11pt;">a material diminution of your </font><font style="font-size:11pt;">principal </font><font style="font-size:11pt;">duties</font><font style="font-size:11pt;"> or </font><font style="font-size:11pt;">responsibilities</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">from those in effect immediately prior to the Change in Control, including, without limitation, a significant change in </font><font style="font-size:11pt;">the </font><font style="font-size:11pt;">nature or scope of </font><font style="font-size:11pt;">your principal </font><font style="font-size:11pt;">duties</font><font style="font-size:11pt;"> or responsibilities</font><font style="font-size:11pt;">, such that </font><font style="font-size:11pt;">your </font><font style="font-size:11pt;">duties </font><font style="font-size:11pt;">or responsibilities </font><font style="font-size:11pt;">are inconsistent with</font><font style="font-size:11pt;"> those immediately prior to the Change in Control</font><font style="font-size:11pt;">, and commonly (in the banking industry) considered to be of lesser responsibility, or (</font><font style="font-size:11pt;">2</font><font style="font-size:11pt;">)</font><font style="font-size:11pt;">&#160;a material diminution of your total compensation from that immediately prior to the Change in Control or (3) </font><font style="font-size:11pt;">you </font><font style="font-size:11pt;">being</font><font style="font-size:11pt;"> required to be based at an office or location which is more than 35</font><font style="font-size:11pt;">&#160;</font><font style="font-size:11pt;">miles from your office or location immediately prior to the Change in Control. &#160;</font><font style="font-size:11pt;">Notwithstanding the foregoing, in order for your resignation for Good Reason to occur, (x)&#160;y</font><font style="font-size:11pt;">ou must provide written notice of the Good Reason event to the Company or its subsidiary within </font><font style="font-size:11pt;">30&#160;</font><font style="font-size:11pt;">days after the initial existence of such event, (y)</font><font style="font-size:11pt;">&#160;</font><font style="font-size:11pt;">the Company or its subsidiary must not have cured such condition within 30</font><font style="font-size:11pt;">&#160;</font><font style="font-size:11pt;">days of receipt of your written notice or the Company or</font><font style="font-size:11pt;"> S</font><font style="font-size:11pt;">ubsidiary</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">must have stated unequivocally in writing that it does not intend to attempt to cure such condition; and (z)</font><font style="font-size:11pt;">&#160;</font><font style="font-size:11pt;">you must resign from employment at the end of the period within which the Company or </font><font style="font-size:11pt;">S</font><font style="font-size:11pt;">ubsidiary was entitled to remedy the condition constituting Good Reason but failed to do so.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:22.5pt;margin:0pt 0pt 12pt 4.5pt;"><font style="font-size:11pt;">(f) &#160;In the event of a Change in Control after the completion of the Performance Period on </font>[&#9679;]<font style="font-size:11pt;">, but prior to the Vesting Date, the earned PRSUs will continue to vest and become payable as provided above.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:22.5pt;margin:0pt 0pt 12pt 4.5pt;">(g) &#160;In the event and concurrently with the effectiveness of a Change in Control during the Performance Period, the Performance Period shall end and the number of earned PRSUs shall be determined in accordance with Exhibit&#160;A. The earned PRSUs shall vest and become payable as provided in Section 4(h) below.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:22.5pt;margin:0pt 0pt 12pt 4.5pt;">(h) &#160;A Change in Control shall not, by itself, result in acceleration of vesting or payment of the earned PRSUs, except as provided in this Section&#160;(4)(h).</p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><font style="color:#808080;">3</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:67.5pt;margin:0pt 0pt 12pt 36pt;">(i)<font style="display:inline-block;width:30.12pt;"></font>Upon a Change in Control, the earned PRSUs (as determined in accordance with Exhibit A) will vest in full upon the date of the Change in Control and become payable on the first regular payroll day following the Change in Control unless another award meeting the requirements of this Section (4)(h) (a &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Substitute Award</b>&#8221;) is provided to you to replace this Award (the &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Original Award</b>&#8221;). &#160;The earned PRSUs represented by such Substitute Award, if applicable, shall continue to vest and become payable as provided in Section 3 and Section 4(b) and (c), subject to earlier vesting in accordance with Section 4(d), above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:67.5pt;margin:0pt 0pt 12pt 36pt;">(ii)<font style="display:inline-block;width:27.06pt;"></font>An award shall meet the requirements of this Section&#160;(4)(h), and thereby qualify as a Substitute Award, if the following conditions are met:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(1)</font><font style="font-size:11pt;">t</font><font style="font-size:11pt;">he </font><font style="font-size:11pt;">a</font><font style="font-size:11pt;">ward has a value at least equal to the value of the </font><font style="font-size:11pt;">Original</font><font style="font-size:11pt;"> Award;</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(2)</font><font style="font-size:11pt;">t</font><font style="font-size:11pt;">he </font><font style="font-size:11pt;">a</font><font style="font-size:11pt;">ward relates to publicly</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">traded equity securities of the Company or its successor following the Change in Control or another entity that is affiliated with the Company or its successor following the Change in Control; and</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(3)</font><font style="font-size:11pt;">t</font><font style="font-size:11pt;">he other terms and conditions of the </font><font style="font-size:11pt;">a</font><font style="font-size:11pt;">ward are not less favorable to you than the terms and conditions of the </font><font style="font-size:11pt;">Original </font><font style="font-size:11pt;">Award, including the </font><font style="font-size:11pt;">vesting </font><font style="font-size:11pt;">provisions of</font><font style="font-size:11pt;"> Section 4(d)</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">above </font><font style="font-size:11pt;">(except that in the event of a subsequent Change in Control of the Company or its successor, the </font><font style="font-size:11pt;">Substitute</font><font style="font-size:11pt;"> Award shall be fully vested and freely transferable upon such subsequent Change in Control).</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 12pt 36pt;">Without limiting the generality of the foregoing, a Substitute Award may take the form of a continuation of the Original Award if the requirements of the preceding sentence are satisfied. &#160;The determination of whether the conditions of this Section&#160;4 are satisfied shall be made by the Committee, as constituted immediately before the Change in Control, in its sole discretion.</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">5.</font><u style="font-size:11pt;text-decoration:underline;">Settlement of PRSUs.</u><font style="font-size:11pt;text-decoration:none;"> </font><u style="text-decoration:underline;"><a name="_Hlk63866128"></a></u><font style="font-size:11pt;text-decoration:none;">Delivery of Shares or payment of other amounts (&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:none;">Settlement</b><font style="font-size:11pt;text-decoration:none;">&#8221;) which become vested and payable under this Agreement will be subject to the following</font><font style="font-size:11pt;text-decoration:none;">:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">The Company will deliver to you one Share and the accrued Dividend Equivalents with respect thereto for each earned PRSU within 15 days after the date the earned PRSU has become vested and payable (the Vesting Date or such earlier date as provided in Section 4(d) or 4(h) above). </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">Any issuance of Shares under the Award may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any securities exchange or similar entity.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(c)</font><font style="font-size:11pt;">If a certificate for Shares is delivered to you under the Award, the certificate may bear the following or a similar legend as determined by the Company:</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 36pt 12pt 36pt;">The ownership and transferability of this certificate and the shares of stock represented hereby are subject to the terms (including forfeiture) of the HBT Financial, Inc. Omnibus Incentive Plan and a PRSU award agreement entered into between the registered owner and HBT Financial, Inc. Copies of such plan and agreement are on file in the executive offices of HBT Financial, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 12pt 0pt;">In addition, any stock certificates for Shares will be subject to any stop-transfer orders and other restrictions as the Company may deem advisable under the rules, regulations and other requirements of the SEC, any securities exchange or similar entity upon which the Shares are then listed, and any applicable federal or state securities law, and the Company may cause a legend or legends to be placed on any certificates to make appropriate reference to these restrictions.</p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><font style="color:#808080;">4</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">6.</font><u style="font-size:11pt;text-decoration:underline;">Withholding.</u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">Regardless of any action the Company may take that is related to any or all income tax, payroll tax or other tax-related withholding (&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Tax-Related Items</b><font style="font-size:11pt;">&#8221;), the ultimate liability for all Tax-Related Items owed by you is and will remain your responsibility. The Company (i)&#160;makes no representations or undertakings regarding the treatment of any Tax-Related Items under the Award and (ii) does not commit to structure the terms of the Award to reduce or eliminate your liability for Tax-Related Items. </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">You will be required to meet any applicable tax withholding obligation in accordance with the tax withholding terms of Section 14.5 of the Plan (and any successor terms); provided that you will be permitted to elect to have the Company withhold from the Shares and any Dividend Equivalents otherwise payable to you under this Award the amounts necessary to satisfy such withholding obligations as described in said Section 14.5 of the Plan. The PRSUs are intended to be exempt from Section 409A, and this Agreement will be administered and interpreted consistently with that intent and with the terms of Section&#160;14.16 of the Plan (and any successor terms).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">7.</font><u style="font-size:11pt;text-decoration:underline;">Adjustment.</u><font style="font-size:11pt;text-decoration:none;"> Upon any event described in Section 4.2 of the Plan (and any successor sections) occurring after the Grant Date, the adjustment terms of that section will apply to the Award.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">8.</font><u style="font-size:11pt;text-decoration:underline;">Bound by Plan and Committee Decisions.</u><font style="font-size:11pt;text-decoration:none;"> By accepting the Award, you acknowledge that you have received a copy of the Plan, have had an opportunity to review the Plan, and agree to be bound by all of the terms of the Plan. If there is any conflict between this Agreement and the Plan, the Plan will control. The authority to manage and control the operation and administration of this Agreement and the Plan is vested in the Committee. The Committee has all powers under this Agreement that it has under the Plan. Any interpretation of this Agreement or the Plan by the Committee and any decision made by the Committee related to the Agreement or the Plan will be final and binding on all Persons.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">9.</font><u style="font-size:11pt;text-decoration:underline;">Regulatory and Other Limitations.</u><font style="font-size:11pt;text-decoration:none;"> Notwithstanding anything else in this Agreement, the Committee may impose conditions, restrictions and limitations on the issuance of Shares under the Award unless and until the Committee determines that the issuance complies with (a) all registration requirements under the Securities Act, (b) all listing requirements of any securities exchange or similar entity on which the Shares are listed, (c) all Company policies and administrative rules and (d) all applicable laws.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">10.</font><u style="font-size:11pt;text-decoration:underline;">Miscellaneous.</u></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Notices</u><font style="font-size:11pt;">. Any notice that may be required or permitted under this Agreement must be in writing and may be delivered personally, by intraoffice mail, or by electronic mail or via a postal service (postage prepaid) to the electronic mail or postal address and directed to the person as the receiving party may designate in writing from time to time.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Waiver</u><font style="font-size:11pt;">. The waiver by any party to this Agreement of a breach of any term of the Agreement will not operate or be construed as a waiver of any other or subsequent breach.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(c)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Entire Agreement</u><font style="font-size:11pt;">. This Agreement and the Plan constitute the entire agreement between you and the Company related to the Award. Any prior agreements, commitments or negotiations concerning the Award are superseded. </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(d)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Binding Effect; Successors</u><font style="font-size:11pt;">. The obligations and rights of the Company under this Agreement will be binding upon and inure to the benefit of the Company and any successor corporation or organization resulting from the merger, consolidation, sale or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company. Your obligations and rights </font></div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><font style="color:#808080;">5</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="font-size:11pt;">under this Agreement will be binding upon and inure to your benefit and the benefit of your beneficiaries, executors, administrators, heirs and successors.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(e)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Governing Law; Jurisdiction; Waiver of Jury Trial</u><font style="font-size:11pt;">. You acknowledge and expressly agree to the governing law terms of Section 14.9 of the Plan (and any successor terms) and the jurisdiction and waiver of jury trial terms of Section 14.10 of the Plan (and any successor terms).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(f)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Amendment</u><font style="font-size:11pt;">. This Agreement may be amended at any time by the Committee, except that no amendment may, without your consent, materially impair your rights under the Award.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(g)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Severability</u><font style="font-size:11pt;">. The invalidity or unenforceability of any term of the Plan or this Agreement will not affect the validity or enforceability of any other term of the Plan or this Agreement, and each other term of the Plan and this Agreement will be severable and enforceable to the extent permitted by law.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(h)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">No Rights to Service; No Impact on Other Benefits</u><font style="font-size:11pt;">. Nothing in this Agreement will be construed as giving you any right to be retained in any position with the Company or its Affiliates. &#160;Nothing in this Agreement will interfere with or restrict the rights of the Company or its Affiliates&#8212;which are expressly reserved&#8212;to remove, terminate or discharge you at any time for any reason whatsoever or for no reason, subject to the Company&#8217;s certificate of incorporation, bylaws, and other similar governing documents and applicable law. The value of the PRSUs is not part of your normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit. The grant of the PRSUs does not create any right to receive any future awards.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(i)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Further Assurances</u><font style="font-size:11pt;">. You must, upon request of the Company or the Committee, do all acts and execute, deliver, and perform all additional documents, instruments and agreements that may be reasonably required by the Company or the Committee to implement this Agreement.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(j)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Clawback</u><font style="font-size:11pt;">. All awards, amounts or benefits received or outstanding under the Plan will be subject to clawback, cancellation, recoupment, rescission, payback, reduction or other similar action in accordance with the terms of any Company clawback or similar policy or any applicable law related to such actions, as may be in effect from time to time. You acknowledge and consent to the Company&#8217;s application, implementation and enforcement of any applicable Company clawback or similar policy that may apply to you, whether adopted before or after the Grant Date (including the forfeiture, clawback and detrimental conduct terms contained in Section 14.22 of the Plan as of the Grant Date (and any successor terms)), and any term of applicable law relating to clawback, cancellation, recoupment, rescission, payback, or reduction of compensation, and the Company may take such actions as may be necessary to effectuate any such policy or applicable law, without further consideration or action.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(k)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Electronic Delivery and Acceptance</u><font style="font-size:11pt;">. The Company may deliver any documents related to current or future participation in the Plan by electronic means. You consent to receive those documents by electronic delivery and to participate in the Plan through any online or electronic system established and maintained by the Company or a third party designated by the Company.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:0pt;"><font style="color:#010000;display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;white-space:nowrap;">11.</font><u style="font-size:11pt;text-decoration:underline;">Your Representations.</u><font style="font-size:11pt;text-decoration:none;"> You represent to the Company that you have read and fully understand this Agreement and the Plan and that your decision to participate in the Plan is completely voluntary. You also acknowledge that you are relying solely on your own advisors regarding the tax consequences of the Award.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 12pt 0pt;">By signing below, you agree that the Award is granted under and governed by the terms of the Plan and this PRSU Award Agreement&#8212;and you agree to all such terms&#8212;as of the Grant Date.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><font style="font-size:11pt;font-weight:bold;line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><font style="color:#808080;">6</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 18pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:108pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;line-height:1.19;text-align:justify;">PARTICIPANT</b></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><b style="font-weight:bold;">HBT FINANCIAL, INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 18pt 0pt;">Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:22.2pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><font style="display:inline-block;width:36pt;"></font>Sign name:<u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:22.2pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 18pt 0pt;">Print name:<u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.98pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><font style="display:inline-block;width:36pt;"></font>Print name:<u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.98pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;margin:0pt 0pt 18pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-size:11pt;">Title:</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.17pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u></p><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:0pt;margin:0pt 0pt 8pt 0pt;"><font style="font-size:0pt;line-height:1.19;margin-bottom:0pt;text-decoration:underline;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><font style="color:#808080;">7</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;">Exhibit&#160;A to Performance RSU Award Agreement</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt 0pt 12pt 0pt;">References herein to &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Award Agreement</b>&#8221; shall mean the Performance RSU Award Agreement to which this Exhibit is attached and references to &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Participant</b>&#8221; means you.</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(1)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Definitions</u><font style="font-size:11pt;">.</font><font style="font-size:11pt;"> &#160;For purposes of this Exhibit&#160;A, the following terms will have the meanings set forth below:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Comparison Group</b><font style="font-size:11pt;">&#8221; means the companies listed on </font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Appendix 1</u><font style="font-size:11pt;"> to </font><font style="font-size:11pt;">this Exhibit A</font><font style="font-size:11pt;">, as may be adjusted as described therein</font><font style="font-size:11pt;">.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">S&amp;P Global</b><font style="font-size:11pt;">&#8221; means S&amp;P Global Market Intelligence (sometimes referred to as SNL) or any successor organization designated by the Committee, and &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">as reported by S&amp;P Global</b><font style="font-size:11pt;">&#8221; means comparative financial data for an applicable period as defined and reported by S&amp;P Global based upon publicly reported financial information. </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(c)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Performance Period</b><font style="font-size:11pt;">&#8221; means the </font><font style="font-size:11pt;">three</font><font style="font-size:11pt;">-year period commencing </font><font style="font-size:10pt;">[&#9679;]</font><font style="font-size:11pt;"> and ending </font><font style="font-size:10pt;">[&#9679;]</font><font style="font-size:11pt;">.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(d)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Calendar Year</b><font style="font-size:11pt;">&#8221; means each of the calendar years </font><font style="font-size:10pt;">[&#9679;]</font><font style="font-size:11pt;"> (or a portion thereof as may be applicable under this Exhibit&#160;A).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(e)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Calendar Year ROATCE</b><font style="font-size:11pt;">&#8221; means ROATCE for the applicable Calendar Year. </font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(f)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">ROATCE</b><font style="font-size:11pt;">&#8221;, as applied to the Company or any company in the Comparison Group,</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">means with respect to any specified period</font><font style="font-size:11pt;"> n</font><font style="font-size:11pt;">et income, adjusted for tax-affected amortization of intangibles, as a percent of average tangible common equity</font><font style="font-size:11pt;">, for such period as reported by S&amp;P Global</font><font style="font-size:11pt;">.</font><font style="font-size:11pt;"> If during a period a company: &#160;(i) files for bankruptcy, reorganization or liquidation under any chapter of the U.S. Bankruptcy Code; (ii) is the subject of an involuntary bankruptcy proceeding that is not dismissed within 30 days; (iii) is the subject of a stockholder approved plan of liquidation or dissolution; or (iv) ceases to conduct substantial business operations other than by virtue of a merger, consolidation, share exchange or similar transaction, then the ROATCE for that company for such period will be negative one hundred percent (-100%).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(g)</font><font style="font-size:11pt;">&#8220;</font><b style="font-size:11pt;font-weight:bold;">AAROATCE</b><font style="font-size:11pt;">&#8221; means</font><font style="font-size:11pt;">, as applied to the Company or any company in the Comparison Group,</font><font style="font-size:11pt;"> the average </font><font style="font-size:11pt;">Calendar Year ROATCE </font><font style="font-size:11pt;">for the </font><font style="font-size:11pt;">C</font><font style="font-size:11pt;">al</font><font style="font-size:11pt;">e</font><font style="font-size:11pt;">ndar</font><font style="font-size:11pt;"> Y</font><font style="font-size:11pt;">ears in the Performance Period</font><font style="font-size:11pt;">;</font><font style="font-size:11pt;"> provided that in the event of a Change in Control during the Performance Period</font><font style="font-size:11pt;">,</font><font style="font-size:11pt;"> the Average </font><font style="font-size:11pt;">Calendar Year </font><font style="font-size:11pt;">ROATCE</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">shall be determined for the number of full </font><font style="font-size:11pt;">C</font><font style="font-size:11pt;">alendar</font><font style="font-size:11pt;"> Y</font><font style="font-size:11pt;">ears in the Performance Period </font><font style="font-size:11pt;">that</font><font style="font-size:11pt;"> have elapsed as of the calendar quarter end immediately preceding the Change in Control (the &#8220;</font><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Measurement Quarter End</b><font style="font-size:11pt;">&#8221;); provided, however, that for this purpose the </font><font style="font-size:11pt;">C</font><font style="font-size:11pt;">alendar </font><font style="font-size:11pt;">Y</font><font style="font-size:11pt;">ear including the Measurement Quarter End shall be treated as a full </font><font style="font-size:11pt;">C</font><font style="font-size:11pt;">alendar </font><font style="font-size:11pt;">Y</font><font style="font-size:11pt;">ear and the </font><font style="font-size:11pt;">Calendar Year </font><font style="font-size:11pt;">ROATCE for such year shall be determined by annualizing the </font><font style="font-size:11pt;">net income</font><font style="font-size:11pt;"> through the Measurement Quarter End and dividing that amount by the </font><font style="font-size:11pt;">average tangible common equity </font><font style="font-size:11pt;">during such </font><font style="font-size:11pt;">C</font><font style="font-size:11pt;">alendar </font><font style="font-size:11pt;">Y</font><font style="font-size:11pt;">ear through the Measurement Quarter End.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(h)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Other Capitalized Terms</u><font style="font-size:11pt;">. &#160;</font><font style="font-size:11pt;">All capitalized terms used but not otherwise defined in this </font><font style="font-size:11pt;">Exhibit&#160;A </font><font style="font-size:11pt;">shall have the same definitions stated in the </font><font style="font-size:11pt;">Award Agreement or the Plan, as applicable.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(2)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Average Annual ROATCE Performance Goal</u><font style="font-size:11pt;">.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Performance Goal</u><font style="font-size:11pt;">.</font><font style="font-size:11pt;"> &#160;The Performance Goal applicable to the PRSU Award is average annual return on tangible common equity or AAROATCE during the Performance Period.</font></div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">Exhibit A &#8211; Page 1</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Determination of Achievement Relative to Performance Criteria</u><font style="font-size:11pt;">. &#160;Following the end of the Performance Period, the Committee will determine the level of the AAROATCE performance goal achieved by the Company. &#160;Performance at or above the threshold level set forth below will result in PRSUs becoming earned (&#8220;</font><b style="font-size:11pt;font-weight:bold;">earned PRSUs</b><font style="font-size:11pt;">&#8221;). &#160;The determination of the level of the AAROATCE performance goal achieved and the number of earned PRSUs shall occur no later than 60 days after the end of the Performance Period. &#160;Such determination shall be made as described in Sections&#160;3 through 5 below. &#160;Earned PRSUs will vest as set forth in the Award Agreement. &#160;The PRSUs will be forfeited and cancelled in full if the Company&#8217;s performance during the Performance Period does not meet or exceed the threshold. &#160;To the extent the earned PRSUs are less than the target numbers of PRSUs, such unearned PRSUs shall be forfeited and cancelled.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(3)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Calculation</u><font style="font-size:11pt;">. For purposes of this Exhibit&#160;</font><font style="font-size:11pt;">A</font><font style="font-size:11pt;">, the number of </font><font style="font-size:11pt;">PRSUs</font><font style="font-size:11pt;"> which shall become </font><font style="font-size:11pt;">e</font><font style="font-size:11pt;">arned </font><font style="font-size:11pt;">PRSUs</font><font style="font-size:11pt;"> will be calculated as follows:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><font style="font-size:11pt;">FIRST: &#160;Determine the AAROATCE for the Performance Period for the Company and for each other company in the Comparison Group. If the AAROATCE for the Company is:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(i)</font><font style="font-size:10pt;">[&#9679;]</font><font style="font-size:11pt;">% or greater, then the number of earned PRSUs shall be 150% of the target number of PRSUs granted under the PRSU Award;</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(ii)</font><font style="font-size:11pt;">Less than </font><font style="font-size:10pt;">[&#9679;]</font><font style="font-size:11pt;">%, then the number of earned PRSUs shall be 0% of the target number of PRSUs granted under the PRSU Award; or</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:72pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(iii)</font><font style="font-size:10pt;">[&#9679;]</font><font style="font-size:11pt;">% or greater, but less than </font><font style="font-size:10pt;">[&#9679;]</font><font style="font-size:11pt;">%, the number of earned PRSUs shall be determined in accordance with the second and third steps below.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><font style="font-size:11pt;">SECOND: &#160;Rank the AAROATCE values determined in the first step from low to high (with the company having the lowest AAROATCE being ranked number 1, the company with the second lowest Average Calendar Year ROATCE Percentile ranked number 2, and so on) and determine the Company&#8217;s AAROATCE percentile rank (expressed as a percentage) by dividing the Company&#8217;s rank by the total number of companies (including the Company) in the list and rounding the quotient to the nearest hundredth. &#160;For example, if the Company&#8217;s, number rank is 14 on a list of 22 companies (including the Company), the Company&#8217;s percentile rank would be 63.63%, reflecting the fact that the AAROATCE value for 13 companies was lower than the Company&#8217;s AAROATCE value.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(c)</font><font style="font-size:11pt;">THIRD: &#160;Plot the percentile rank for the Company determined in the second step into the appropriate band in the left-hand column of the table below and determine the number of PRSUs earned as a percent of the number of the target number of PRSUs, which is the figure in the right-hand column of the table below corresponding to that percentile rank. &#160;Use linear interpolation between points in the table below to determine the percentile rank and the corresponding percent of the target number of PRSUs earned if the Company&#8217;s percentile rank is greater than 25% and less than 75% but not exactly one of the percentile ranks listed in the left-hand column. &#160; &#160;For example, if the Company&#8217;s percentile rank is 63.63%, then the number of earned PRSUs would be equal to 127.36% of the target number of PRSUs.</font></div><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr><th style="font-weight:normal;text-align:left;vertical-align:top;width:46.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;text-transform:uppercase;margin:0pt;"><b style="font-variant:small-caps;font-weight:bold;text-decoration:underline;">percentile rank</b></p></th><th style="font-weight:normal;text-align:left;vertical-align:top;width:53.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;text-transform:uppercase;margin:0pt;"><b style="font-variant:small-caps;font-weight:bold;text-decoration:underline;">Percent of Target Number of PRSUs EARNED</b></p></th></tr><tr><td style="vertical-align:top;width:46.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">&lt;25%</p></td><td style="vertical-align:top;width:53.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">25% </p></td></tr><tr><td style="vertical-align:top;width:46.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><font style="white-space:pre-wrap;">  25%</font></p></td><td style="vertical-align:top;width:53.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">50% </p></td></tr><tr><td style="vertical-align:top;width:46.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><font style="white-space:pre-wrap;">  50%</font></p></td><td style="vertical-align:top;width:53.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">100% </p></td></tr><tr><td style="vertical-align:top;width:46.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">75% or above</p></td><td style="vertical-align:top;width:53.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">150%</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(4)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Rules</u><font style="font-size:11pt;">. </font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">The following rules apply to the computation of the number of </font><font style="font-size:11pt;">PRSUs </font><font style="font-size:11pt;">earned:</font></div></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;">Exhibit A &#8211; Page 2</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">No Guaranteed Payout</u><font style="font-size:11pt;">. </font><font style="font-size:11pt;"> The minimum number of </font><font style="font-size:11pt;">PRSUs</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">that</font><font style="font-size:11pt;"> may be earned is zero and the maximum number of </font><font style="font-size:11pt;">PRSUs</font><font style="font-size:11pt;"> which may be earned is </font><font style="font-size:11pt;">150% of</font><font style="font-size:11pt;"> the </font><font style="font-size:11pt;">target </font><font style="font-size:11pt;">number of </font><font style="font-size:11pt;">PRSUs.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Committee Discretion</u><font style="font-size:11pt;">. In determining the level of AAROATCE achieved, and the resulting number of earned PRSUs, the Committee may, in its sole discretion, (i) make equitable adjustments in the determination of the Company&#8217;s ROATCE for any period as the Committee may deem appropriate in recognition of certain events affecting the Company or its financial statements, in response to changes in applicable laws, accounting principles or policies, or to account for items of gain, loss or expense determined to be extraordinary, uncommon or unusual in nature or infrequent in occurrence, or related to the divestiture of assets or a business segment or related to a change in accounting principles, or other events or transactions comparable to the foregoing; &#160;(ii) make adjustments to the ROATCE for any period reported by S&amp;P Global for the Company or any company in the Comparison Group as the Committee may deem appropriate to correct errors or inconsistencies in such reported amounts and (iii) determine, or direct that an alternative method be used to determine, the ROATCE for any period for the Company or any company in the Comparison Group to the extent such amount has not been reported by S&amp;P Global or is otherwise unavailable (which alternative method may include excluding a company from the Comparison Group to the extent its ROATCE is not reasonably determinable).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(5)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Effect of Certain Events</u><font style="font-size:11pt;">. &#160;The following provisions will apply in the event &#160;</font><font style="font-size:11pt;">the Participant incurs a Separation of Service </font><font style="font-size:11pt;">or the occurrence of a Change in Control:</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(a)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Termination of Employment Prior to a Change in Control</u><font style="font-size:11pt;">. &#160;The effect of </font><font style="font-size:11pt;">a Separation from Service</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">prior to a Change in Control </font><font style="font-size:11pt;">shall be governed by </font><font style="font-size:11pt;">Section 4</font><font style="font-size:11pt;"> of the </font><font style="font-size:11pt;">attached </font><font style="font-size:11pt;">Award Agreement.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:18pt;text-align:justify;text-indent:72pt;"><font style="display:inline-block;font-family:'Times New Roman';font-size:11pt;min-width:36pt;text-indent:0pt;white-space:nowrap;">(b)</font><u style="font-size:11pt;text-decoration:underline;text-decoration-color:#000000;">Effect of Change in Control</u><font style="font-size:11pt;">. &#160;In the event of a Change in Control, the number of </font><font style="font-size:11pt;">PRSUs that shall be </font><font style="font-size:11pt;">earned</font><font style="font-size:11pt;"> </font><font style="font-size:11pt;">shall be calculated</font><font style="font-size:11pt;"> and determined </font><font style="font-size:11pt;">by the Committee</font><font style="font-size:11pt;"> as </font><font style="font-size:11pt;">follows</font><font style="font-size:11pt;">:</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:11pt;">FIRST: &#160;If the Performance Period has not been completed, there shall be determined the number of </font><font style="font-size:11pt;">PRSUs</font><font style="font-size:11pt;"> that would be earned if the Performance Period was the period </font><font style="font-size:11pt;">that</font><font style="font-size:11pt;"> began on </font>[&#9679;]<font style="font-size:11pt;"> and ended on the </font><font style="font-size:11pt;">effective </font><font style="font-size:11pt;">date of the Change in Control. &#160;The Compensation Committee shall determine the number of </font><font style="font-size:11pt;">PRSUs earned</font><font style="font-size:11pt;"> in accordance with Sections&#160;1(c) and 3</font><font style="font-size:11pt;"> of this Exhibit A. Notwithstanding the foregoing, if the number of earned PRSUs so determined is less than 100% of the target number of PRSUs, the number of earned PRSUs shall be equal to the target number of PRSUs.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">SECOND: &#160;If the Performance Period has been completed, then the number of earned PRSUs shall be equal to the number determined in accordance with Sections&#160;1(c) and 3 of this Exhibit A.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Earned PRSUs shall vest and be payable in accordance with Section 4 of the Award Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:0pt;margin:0pt 0pt 8pt 0pt;"><font style="font-size:0pt;line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;">Exhibit A &#8211; Page 3</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:always;width:82.35%;border-width:0;"><div style="max-width:100%;padding-left:8.82%;padding-right:8.82%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.28;margin:0pt 0pt 8pt 0pt;"><font style="font-size:11pt;line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Appendix 1 to Exhibit A to Performance RSU Award Agreement</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;">Comparison Group</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">[&#9679;]</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt;"><font style="white-space:pre-wrap;">Companies shall be removed from the Comparison Group if they undergo a Specified Corporate Change.  A company that is removed from the Comparison Group before the end of a Performance Period will not be included at all in the calculation of the percentile rank of the Company&#8217;s AAROATCE for the Performance Period. </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt;">A company in the Comparison Group will be deemed to have undergone a &#8220;<b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Specified Corporate Change</b>&#8221; if it:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="font-size:11pt;white-space:pre-wrap;">(i)  </font><font style="display:inline-block;width:20.12pt;"></font><font style="font-size:11pt;">ceases to be a domestically domiciled publicly traded company on a national stock exchange or market system, unless such cessation of such listing is due to a low stock price or low trading volume; or</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="font-size:11pt;">(ii)</font><font style="display:inline-block;width:22.56pt;"></font><font style="font-size:11pt;">has gone private; or</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="font-size:11pt;">(iii)</font><font style="display:inline-block;width:19.5pt;"></font><font style="font-size:11pt;">has reincorporated in a foreign (e.g., non-U.S.) jurisdiction, regardless of whether it is a reporting company in that or another jurisdiction; or</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="font-size:11pt;">(iv)</font><font style="display:inline-block;width:20.12pt;"></font><font style="font-size:11pt;">has been acquired or merged, or has announced a transaction whereby it will be acquired by or merged, into another company (whether by another company in the Comparison Group or otherwise, but not including internal reorganizations), or has sold or will sell all or substantially all of its assets.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt;">The Committee may rely on press releases, public filings, website postings and other reasonably reliable information available regarding a company in the Comparison Group in making a determination that a Specified Corporate Change has occurred.</p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:8.82%;margin-right:8.82%;margin-top:30pt;page-break-after:avoid;width:82.35%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
