Common use of LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES Clause in Contracts

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's termination of employment. For example, if the date of breach occurs six months after the date of Employee's termination, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that Bancorp's actual money damages upon Employee's breach will be difficult to compute, and further agree that the liquidated damages formula provided herein reasonably represents Bancorp's actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp makes written demand for such payment. Nothing herein shall preclude Bancorp from enforcing any other legal or equitable remedies it may have upon Employee's breach, including injunctive relief. Such other remedies may be enforced in addition to Bancorp's right to liquidated damages under this Section.

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp Bank for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's termination of employment. For example, if the date of breach occurs six months after the date of Employee's termination, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that BancorpBank's actual money damages upon Employee's breach will be difficult to compute, and further agree that the liquidated damages formula provided herein reasonably represents BancorpBank's actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp Bank makes written demand for such payment. Nothing herein shall preclude Bancorp Bank from enforcing any other legal or equitable remedies it may have upon Employee's breach, including injunctive relief. Such other remedies may be enforced in addition to BancorpBank's right to liquidated damages under this Section.

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp Bank for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's ’s termination of employment. For example, if the date of breach occurs six months after the date of Employee's ’s termination, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that Bancorp's Bank’s actual money damages upon Employee's ’s breach will be difficult to compute, and further agree that the liquidated damages formula provided herein reasonably represents Bancorp's Bank’s actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp Bank makes written demand for such payment. Nothing herein shall preclude Bancorp Bank from enforcing any other legal or equitable remedies it may have upon Employee's ’s breach, including injunctive relief. Such other remedies may be enforced in addition to Bancorp's Bank’s right to liquidated damages under this Section.

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp the Bank for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's termination of employment. For example, if the date of breach occurs six months after the date of Employee's termination, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that Bancorpthe Bank's actual money damages upon Employee's breach will be difficult to compute, and further agree that the liquidated damages formula provided herein reasonably represents Bancorpthe Bank's actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp the Bank makes written demand for such payment. Nothing herein shall preclude Bancorp the Bank from enforcing any other legal or equitable remedies it may have upon Employee's breach, including injunctive relief. Such other remedies may be enforced in addition to Bancorpthe Bank's right to liquidated damages under this Section.

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp Bank for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's ’s termination of employment. For example, if the date of breach occurs six months after the date of Employee's ’s termination, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that Bancorp's Bank’s actual money damages upon Employee's ’s breach will be difficult to compute, and further agree that the liquidated damages formula provided herein reasonably represents Bancorp's Bank’s actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp Bank makes written demand for such payment. Nothing herein shall preclude Bancorp Bank from enforcing any other legal or equitable remedies it may have upon Employee's ’s breach, including injunctive relief. Such other remedies may be enforced in addition to Bancorp's Bank’s right to liquidated damages under this Section.. Page 6 - 2008 EXECUTIVE EMPLOYMENT AGREEMENT (CRB)

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp Bank for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's termination of employment. For example, if the date of breach occurs six months after the date of Employee's terminationtermixxxxxx, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that BancorpBank's actual money damages upon Employee's breach will be difficult to compute, and further agree that the liquidated damages formula provided herein reasonably represents BancorpBank's actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp Bank makes written demand for such payment. Nothing herein shall preclude Bancorp Bank from enforcing any other legal or equitable remedies it may have upon Employee's breach, including injunctive relief. Such other remedies may be enforced in addition to BancorpBank's right to liquidated damages under this Section.

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's termination of employment. For example, if the date of breach occurs six months after the date of Employee's termination, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that Bancorp's actual money damages upon Employee's breach will be difficult to compute, and further agree that the liquidated damages formula provided herein 7 reasonably represents Bancorp's actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp makes written demand for such payment. Nothing herein shall preclude Bancorp from enforcing any other legal or equitable remedies it may have upon Employee's breach, including injunctive relief. Such other remedies may be enforced in addition to Bancorp's right to liquidated damages under this Section.

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp Bank for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's termination of employment. For example, if the date of breach occurs six months after the date of Employee's terminationterminxxxxx, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that BancorpBank's actual money damages upon Employee's breach will be difficult to compute, and further agree that the liquidated damages formula provided herein reasonably represents BancorpBank's actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp Bank makes written demand for such payment. Nothing herein shall preclude Bancorp Bank from enforcing any other legal or equitable remedies it may have upon Employee's breach, including injunctive relief. Such other remedies may be enforced in addition to BancorpBank's right to liquidated damages under this Section.

LIQUIDATED DAMAGES FOR BREACH OF NON-COMPETE COVENANTS; OTHER REMEDIES. If Employee breaches the covenants of Section 8.1, Employee shall be liable to Bancorp for liquidated damages equal to the lesser of (i) $18,000, or (ii) $1,500 multiplied by the number of months (including fractions thereof) between the date of breach and one year from the date of Employee's ’s termination of employment. For example, if the date of breach occurs six months after the date of Employee's ’s termination, liquidated damages shall be $9,000 (6 x $1,500). The parties agree that Bancorp's ’s actual money damages upon Employee's ’s breach will be difficult to compute, and further agree that the liquidated damages formula provided herein reasonably represents Bancorp's ’s actual money damages. Employee shall pay the liquidated damages required hereunder within ten (10) days of the date Bancorp makes written demand for such payment. Nothing herein shall preclude Bancorp from enforcing any other legal or equitable remedies it may have upon Employee's ’s breach, including injunctive relief. Such other remedies may be enforced in addition to Bancorp's ’s right to liquidated damages under this Section.