EARLY RETIREMENT AND GENERAL RELEASE AGREEMENT
Caution: Read Carefully
This Is A Release Of All Claims
THIS EARLY RETIREMENT AND GENERAL RELEASE AGREEMENT (hereinafter “Agreement”)
is voluntarily entered into as of the date(s) set forth below by and between the undersigned individual, Stan J.
Ruhe (hereinafter referred to in the first person as "I," "me," etc.) and German American Bancorp, an Indiana
WHEREAS, I have provided notice that I desire to retire from my employment, and the parties have
agreed that my employment shall terminate on December 26, 2008 ("Retirement Date") as a result of my decision
to retire; and
WHEREAS, the parties have reached an amicable agreement regarding my retirement and, while neither
party believes that any claims exist between us, the parties wish to enter into this Agreement in order to
memorialize our agreement and to resolve any and all claims that I may have, as described in this Agreement, and
to further define the obligations that the parties have to one another including, but not limited to, the confidentiality
of various matters.
NOW, THEREFORE, in consideration of the mutual understandings, covenants, and the release
contained herein, and for other good and valuable consideration, the sufficiency of which are hereby
acknowledged, the parties hereby voluntarily agree as follows:
Definitions . Specific terms used in this Agreement have the following meanings: (a) words such as "I,"
"me," and "my" include both the undersigned and anyone who has or obtains any legal right or claims through me;
and (b) "Company" means German American Bancorp, its past and present officers, directors, employees,
trustees, parent, agents, divisions, affiliates, insurers, any and all employee benefit plans (and any fiduciary of such
plans) sponsored by such entities, and each such entity's subsidiaries, predecessors, successors, and assigns, and
all other entities, persons, firms, or corporations liable or who might be