REPUBLIC BANCORP, INC
REPUBLIC BANK & TRUST COMPANY
AMENDED AND RESTATED OFFICER COMPENSATION
This is an Amended and Restated Agreement originally dated as of the 12 th day of January, 1995 made
by and between Republic Bancorp, Inc., a Kentucky corporation (the “Company”), and Steve Trager (the
“Executive”), who is presently Chairman of Republic Bank & Trust Company (the “Bank”) (the “Agreement”), in
consideration of the mutual covenants herein contained and in further consideration of services performed and to
be performed by the Executive for the Company and/or its subsidiaries. As of the date of this Agreement, Bank
is a wholly-owned subsidiary of the Company. This Agreement, as so amended and restated shall supersede the
prior agreements and all amendments thereto, effective as of the date of its adoption. The Bank joins in this
Agreement to further accomplish the terms and objectives of this Agreement.
A. The Company considers the establishment and maintenance of sound and vital management of
the Company and its subsidiaries to be essential to protecting and enhancing the best interests of the Company
and its shareholders.
B. The Company recognizes that, while not anticipated, the possibility of a change of control may
exist. Such possibility, and the uncertainty and questions which it may raise among management of the Company
and its subsidiaries may result in the departure or distraction of key members of management to the detriment of
the Company’s shareholders.
C. The Company’s Board of Directors has determined that appropriate steps should be taken to
encourage key members of management of the Company and its subsidiaries, such as the Executive, to remain in
the employ of the Company and/or its subsidiaries and perform their assigned duties without distraction in the
face of potentially d