Exhibit 10.2
AMENDMENT TO EXECUTIVE
SALARY CONTINUATION AGREEMENT
This agreement is dated the 17th day of January, 1989 by and between the
Borel Bank & Trust Company (the "Corporation") and Xxxxxx X. Xxxx (the
"Executive").
On December 28, 1988 the Corporation and the Executive signed an
Executive Salary Continuation Agreement. Section 1.3 of that agreement relating
to DISABILITY is hereby amended to be replaced with the following:
"1.3 DISABILITY - The term "disability" shall mean permanently disabled,
due to illness or injury, so that the Executive is unable to perform to a
material degree his or her, current or later designated, duties as Executive
Officer of the Corporation. Such disability shall be determined by an
independent physician in the event of physical disability or by an independent
psychiatrist in the event of mental disability selected with the approval of the
Corporation and the Executive; if they cannot agree on the selection, each shall
submit a list of three (3) physicians or psychiatrist as applicable, each shall
strike two (2) from the other's list, and the final choice shall be selected by
lot (coin flip)."
Now, therefore, the Executive Salary Continuation Agreement is hereby
amended as above.
BOREL BANK & TRUST COMPANY
By: /S/ XXXXXX X. XXXX
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EXECUTIVE
/S/ XXXXXX X. XXXX
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