This Employment Agreement (this “Agreement”) is made and entered into as of August 6, 2001, by MetroCorp
Bancshares, Inc. a national bank holding company (the “Employer”), and Allen D. Brown, an individual resident in Houston,
Harris County, Texas (the “Executive”).
R E C I T A L S
The Employer desires the Executive’s employment with the Employer, and the Executive wishes to accept such
employment, upon the terms and conditions set forth in this Agreement.
The parties, intending to be legally bound, agree as follows:
For the purposes of this Agreement, the following terms have the meanings specified or referred to in this Section 1.
“Agreement” —this Employment Agreement.
“Basic Compensation” —Salary and Benefits.
“Benefits” —as defined in Section 3.1(b).
“Board of Directors” —the board of directors of the Employer.
“Change of Control” —as defined in Section 6.4.
“Confidential Information” —any and all:
(a) trade secrets concerning the business and affairs of the Employer, financial records, management systems, policies
or procedures, including the content of related forms and manuals, salary, bonuses and other personnel information, and
any other information, however documented, that is a trade secret within the meaning of law of the State of Texas; and
(b) information concerning the business and affairs of the Employer (which includes historical financial statements,
financial projections and budgets, historical and projected income, capital spending budgets and plans, the names and
backgrounds of key personnel, personnel training and techniques and materials, however documented); and
(c) notes, analysis, compilations, studies, summaries, and other material prepared by or for the Employer containing or
based, in whole or in part, on any information included in the foregoing.
“Contingent Payment” —as defined in Section 3.4.