SECOND AGREEMENT TO EXTEND EMPLOYMENT AGREEMENT
Exhibit 10.06
SECOND AGREEMENT TO EXTEND EMPLOYMENT AGREEMENT
This Agreement to Extend Employment Agreement is made as of the 26th day of March, 2018 by and between XXXXXXX X. XXXX XXXXXXXX (“President and CEO”) and BANK OF GUAM (“Bank”);
WITNESSETH:
WHEREAS, the President and CEO and the Bank executed an Employment Agreement on May 1, 2013 which Agreement expired on December 31, 2017 and was further extended to April 30, 2018 (“Agreement”);
WHEREAS, it is in the best interest of the parties to mutually extend the Agreement to December 31, 2018.
NOW THEREFORE, said Agreement is hereby amended as follows:
Section 2 of the Agreement shall be amended to state that the Agreement shall terminate on December 31, 2018.
Except as otherwise stated herein all other terms and conditions of the Agreement remain unchanged.
Executed at Hagatna, Guam on the date first above written.
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BANK OF GUAM |
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BY: |
Xxxxxx X. Xxxx Xxxxxxxx, Asst. Secretary |
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An Authorized Representative |
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XXXXXXX A XXXX XXXXXXXX |
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/s/ Xxxxxxx X. Xxxx Xxxxxxxx |
