EXHIBIT 10(c)
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT is effective as of the 1st day of January, 2000 (the "Effective Date"),
and is made by and between United Security BancShares, Inc., a Delaware corporation ("USBC); First United
Security Bank, an Alabama banking corporation ("FUSB"; USB and FUSB are hereinafter collectively referred
to as the "Company"); and R. Terry Phillips (the "Executive").
WHEREAS, the Executive is presently employed by the Company in the capacity of President and Chief
Executive Officer of USB and FUSB; and
WHEREAS, the Executive possesses considerable experience and an intimate knowledge of the business and
affairs of the Company, its policies, methods, personnel and operations; and
WHEREAS, the Company recognizes that the Executive's contributions have been substantial and meritorious
and, as such, the Executive has demonstrated unique qualifications to act in an executive capacity for the
Company; and
WHEREAS, the Company is desirous of assuring the continued employment of the Executive in the above stated
capacities, and the Executive is desirous of having such assurance;
WHEREAS, the Executive and the Company previously entered into an employment agreement effective as of
the 1st day of January, 1999 (the "1999 Agreement"), and the Executive and the Company now desire to amend
and restate the 1999 Agreement hereby;
NOW THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements of the
parties set forth in this Agreement, and of other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:
ARTICLE 1
Term of Employment
(a) The Company hereby agrees to employ the Executive and the Executive hereby agrees to continue to serve
the Company, in accordance with the terms and conditions set forth herein, for an initial period of three (3) years,
commencing as of the Effective Date; provided, however, immediately upo