AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.11
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is made effective December 20, 2004.
WHEREAS, MERCANTILE TRUST & SAVINGS BANK, 000 Xxxxx Xxxxxx, Xxxxxx, Xxxxxxxx, an Illinois banking corporation (“Employer”), and Xxx X. Xxxxx, 0000 Xxxxxxxxxx Xxxx, Xxxxxx, Xxxxxxxx (“Employer”), entered into an Employment Agreement dated June 15, 1987; and
WHEREAS, Employer and Employee desire to amend the term of such Employment Agreement;
NOW, THEREFORE, in consideration of the mutual undertaking of the parties hereto it is hereby agreed that the second sentence of Paragraph 1 of said Employment Agreement shall be deleted in its entirety and the following sentence shall be substituted therefore:
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“Employment hereunder shall commence on the date hereof and shall continue until December 31, 2007, unless this Agreement is earlier terminated as provided in Section 4 hereof.” |
All other terms and conditions of said Employment Agreement shall remain as set forth in the Employment Agreement dated June 15, 1987.
IN WITNESS WHEREOF, Employer and Employee have caused this Amendment to Employment Agreement dated June 15, 1987, to be duly executed, this 20th day of December, 2004.
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MERCANTILE TRUST & SAVINGS BANK |
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By: |
/s/ XXX X. XXXXX |
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Its President |
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/s/ XXX X. XXXXX |
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Xxx X. Xxxxx, Employee |
