Amendment to Employment Agreement
This amendment to the Employment Agreement by and between The Union
National Bank of Westminster ("Bank") and Xxxxxxxx X. Xxxxx ("Executive") is
entered into this 8th day of September, 1998.
Whereas, the Bank has previously entered into an Employment Agreement
dated August 9, 1995, between the above two parties, prior to the Executive's
appointment to the position of President. It is the desire of both parties to
amendment such Employment Agreement.
Paragraph 3 of the Employment Agreement is amended by adding a new
section `G' which reads as follows:
In the event employment of the Executive is terminated for any cause,
whether initiated by the Board of Directors or the Executive,
Executive agrees to tender her resignation as a Director of Union
National Bancorp, Inc. ("Company") and the Bank, immediately upon such
termination.
Paragraph 10 F of the Employment Agreement is amended to read as
follows:
In the event that one or more of the provisions of this Employment
Agreement, or any amendments thereof, shall be invalid, illegal, or
unenforceable in any respect, the validity, legality or enforceability
of the remaining provisions contained herein shall not in any way be
affected or impaired thereby.
All other terms, conditions and covenants of the Employment Agreement
remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed and sealed this
amendment as of the day and year first above written.
ATTEST: THE UNION NATIONAL BANK OF WESTMINSTER
/S/ By: /S/ (SEAL)
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Secretary K. Xxxxx Xxxxxxx, Chairman
/S/ (SEAL)
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Xxxxxxxx X. Xxxxx
