FIRST AMENDMENT TO PART-TIME EMPLOYMENT AND CONSULTING AGREEMENT
Exhibit 10.1
This First Amendment to Part-Time Employment and Consulting Agreement (hereinafter the
“AMENDMENT”) is made this 10th day of May, 2006, by and between Xxxxxxx Bancshares,
Inc., an Ohio corporation (hereinafter “XXXXXXX”), and Xxxxx X. Xxxxxx (hereinafter “MEHLOW”);
WITNESSETH
WHEREAS, XXXXXXX and XXXXXX are parties to a certain Part-Time Employment and Consulting
Agreement dated February 17, 2006 (hereinafter the “AGREEMENT”), pursuant to which MEHLOW serves as
a part-time consultant to XXXXXXX;
WHEREAS, Section 2 of the AGREEMENT provides that the consulting arrangement set forth therein
shall terminate on May 10, 2006 unless the parties mutually agree to an extension; and
WHEREAS, the parties desire to extend the consulting arrangement set forth in Section 2 of the
Agreement under the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and
agreements herein contained, XXXXXXX and MEHLOW, intending to be legally bound, hereby agree as
follows:
1. Pursuant to Section 2 of the AGREEMENT, XXXXXXX and XXXXXX hereby agree to extend the
consulting arrangement set forth therein until December 31, 2006. Such consulting arrangement
shall terminate on December 31, 2006, unless XXXXXXX and MEHLOW mutually agree to extend the
consulting arrangement beyond such date.
2. XXXXXXX and XXXXXX hereby agree that, effective as of May 10, 2006, the consulting fee
payable to MEHLOW under Section 2 of the AGREEMENT shall be increased to $90.00 per hour.
3. Except as expressly set forth herein and amended hereby, the terms and provisions of the
AGREEMENT shall remain in full force and effect.
4. This AMENDMENT may be executed in counterparts, each of which shall be deemed to be a
duplicate original, but all of which taken together shall be one and the same instrument.
5. This AMENDMENT shall be governed by and construed in accordance with the laws of the
State of Ohio.
IN WITNESS WHEREOF, the parties or authorized representatives of the parties have executed
this First Amendment as of the date first above written.
| /s/ Xxxxx X. Xxxxxx | ||
| Xxxxx X. Xxxxxx |
| XXXXXXX BANCSHARES, INC. |
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| By: | /s/ Xxxxxx X. Xxxxxxx | |||
| Xxxxxx X. Xxxxxxx | ||||
| President and CEO | ||||
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