EXHIBIT 10.1
FIRST AMENDMENT TO AMENDED AND
RESTATED
EMPLOYMENT
AGREEMENT
THIS FIRST AMENDMENT TO AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (this “First Amendment”), is
entered into as of the 2nd day of March, 2009, by and between
SUMMIT FINANCIAL GROUP, INC. (“Summit”), SUMMIT
COMMUNITY BANK, INC., successor in interest to Capital State Bank,
Inc., (the “Company”), and C. DAVID ROBERTSON
(“Employee”).
WITNESSETH
WHEREAS, Summit, the Company and Employee
entered into that certain Amended and Restated Employment Agreement
dated as of the 22nd day of December, 2008 (the
“Employment Agreement”); and
WHEREAS, the term of the Employment Agreement
was originally for five (5) years, provided that the Board of
Directors of the Company could extend the term with the written
consent of the Employee; and
WHEREAS, Summit, the Company and Employee have
agreed that the term of the Employment Agreement shall be
automatically extended for additional one (1) year terms
absent termination by one of the parties as provided in the
Employment Agreement.
WHEREAS, Summit, the Company and Employee desire
to enter into this First Amendment to evidence their agreed
modification of the Employment Agreement.
NOW THEREFORE, in consideration of the promises
and mutual covenants, agreements and undertakings, and for good and
valuable consideration, the receipt and sufficiency of which are
hereby
