Common Contracts

2 similar Employment Agreement contracts by Surrey Bancorp

AMENDMENT NUMBER TWO TO EMPLOYMENT AGREEMENT
Employment Agreement • March 26th, 2009 • Surrey Bancorp • State commercial banks

This Amendment Number Two is made as of December 1, 2008, to the Employment Agreement dated as of July 22, 1999 (the “Agreement”), by and between Surrey Bank & Trust and Mark H. Towe (“Executive”). This Amendment is being made solely to conform the provisions of the Agreement to the requirements of Section 409A and 280G(e) of the Internal Revenue Code of 1986, as amended (“Code”).

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AMENDMENT NUMBER TWO TO EMPLOYMENT AGREEMENT
Employment Agreement • March 26th, 2009 • Surrey Bancorp • State commercial banks

This Amendment Number Two is made as of December 1, 2008, to the Employment Agreement dated as of July 15, 1996 (the “Agreement”), by and between Surrey Bank & Trust and Edward C. Ashby III (“Executive”). This Amendment is being made solely to conform the provisions of the Agreement to the requirements of Section 409A and 280G(e) of the Internal Revenue Code of 1986, as amended (“Code”).

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