Exhibit 10.12
Consulting Contract between
Enterbank Holdings, Inc. and Xxxx X. XxXxx, Xx.
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Contract Objectives:
.. To assist in the business growth and development of Enterbank Holdings,
Inc. and its subsidiaries;
.. To provide professional advisory services in all matters pertaining to the
management of the Holding Company;
.. To provide personal coaching and counseling to officers and executives of
the Holding Company as needed;
.. To provide leadership and direction to the Board of Directors of the
Holding Company on behalf of the shareholders.
Scope of Services:
.. Serve as Chairman of the Board of Directors for Enterbank Holdings, Inc.;
.. Serve on Executive Committee of the Bank with responsibilities for
determining strategic planning, policy direction, and overall management of
the Bank and other businesses;
.. Responsibility for developing and leading the annual strategic planning and
budgeting process for Enterbank Holdings, Inc., Enterprise Bank and
Enterprise Trust;
.. Personnel business development and marketing for the Bank's operation;
.. Assistance in recruiting and training Directors;
.. Provision of organizational development services including training,
coaching, and assistance in the annual performance contracting process with
key Bank employees;
.. Coordination of various public relations and promotional programs on behalf
of the Holding Company and Enterprise Bank; o Preparation of marketing
materials, reports and letters to shareholders, and leadership of business
development seminars.
Engagement Term and Conditions:
The above services are to be performed for an annual fee of $40,000.00 payable
in twelve (12) equal monthly installments. The contract is renewable annually by
each party. Either party may cancel the contract with thirty (30) days written
notice.
Accepted by:
/s/ Xxxx X. Xxxxx, Xx. October 9, 2001
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Xxxx X. XxXxx, Xx. Date
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