AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
This Amendment (this "Amendment") is made and entered into as of August 1,
1998, by and between Success National Bank, a national banking organization
("Employer"), and Xxxx X. Xxxxx ("Employee").
WHEREAS, Employer and Employee have entered into an Employment Agreement
dated as of August 1, 1998 (the "Employment Agreement"); and
WHEREAS, Employer and Employee desire to amend the Employment Agreement as
set forth below.
NOW, THEREFORE, in consideration of the provisions and undertakings set
forth herein, the parties, intending to be legally bound, hereby agree as
follows:
1. AMENDMENT. Section 2.1 of the Employment Agreement is hereby amended by
adding the following subsection thereto:
"(f) Automobile Allowance. Employee shall be entitled to the use of an
automobile provided by Employer and Employer shall be responsible, and shall
not be entitled to reimbursement for, any and all reasonable costs and expenses
relating to the use and maintenance of such automobile to the extent such costs
and expenses are substantiated by Employee."
2. MISCELLANEOUS
2.1 Sole Amendment. The Employment Agreement shall not be amended except
as expressly set forth herein.
2.2 Governing Law. This Amendment shall be interpreted, construed and
enforced in accordance with the internal laws of Illinois.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the last date written below.
EMPLOYER
SUCCESS NATIONAL BANK
By: /s/ Xxxxxxx X. Xxxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxxx
Title: Executive Vice President
EMPLOYEE:
/s/ Xxxx X. Xxxxx
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Name: Xxxx X. Xxxxx
