FIRST AMENDMENT TO EMPLOYMENT
Table of Contents
Exhibit 10.3
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
This First Amendment to Employment Agreement
(“Amendment”) is made by and
between Xxxx de xx Xxxxxxxx (“EMPLOYEE”) and U.S. Century Bank (“EMPLOYER”), as
follows. EMPLOYEE and EMPLOYER are referred to collectively in this Amendment as the
“Parties.”
Recitals:
A.
On April 16, 2016, EMPLOYEE and EMPLOYER entered into an Employment
EMPLOYER.
B.
Paragraph 2(a) of the Employment Agreement provides that the Initial Term of the
Agreement is for three years, or from April 16, 2016 through and including April 16, 2019 (“Initial
Term Expiration Date”), unless extended in accordance with said Paragraph 2(a).
C.
EMPLOYER and EMPLOYEE would like to extend the Initial Term Expiration Date.
Now Therefore,
in consideration of the mutual covenants in this Amendment, and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties Hereby Agree as Follows:
1.
Extension of Initial Term Expiration Date.
The Parties agree that the Initial Term
Expiration Date is extended to June 1, 2019.
2.
Agreement Remains Effective.
The Agreement remains in full force and effect and has
been modified by this Amendment only as stated expressly in this Amendment.
3.
Effective Date and Counterparts.
This Agreement may be made effective by the
execution and delivery, personally or by email, of separate identical counterpart documents, each
of which shall be deemed to be an original and which, taken together, shall constitute one and the
same instrument.
The Foregoing is Agreed to and Accepted By:
