0000905729-07-000287 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • July 13th, 2007 • Southern Michigan Bancorp Inc • State commercial banks

THIS EMPLOYMENT AGREEMENT (the "Agreement") is made by SOUTHERN MICHIGAN BANCORP, INC., a Michigan corporation (the "Corporation"), and Kurt G. Miller ("Executive"). The parties agree as follows:

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SOUTHERN MICHIGAN BANK & TRUST DEFERRED COMPENSATION AGREEMENT
Deferred Compensation Agreement • July 13th, 2007 • Southern Michigan Bancorp Inc • State commercial banks • Michigan

THIS AGREEMENT is made this _________ day of ___________________, 20__, by and between Southern Michigan Bank & Trust (the "Company"), and [NAME OF EXECUTIVE] (the "Executive").

EMPLOYMENT AGREEMENT
Employment Agreement • July 13th, 2007 • Southern Michigan Bancorp Inc • State commercial banks

THIS EMPLOYMENT AGREEMENT (the "Agreement"), is made by and among SOUTHERN MICHIGAN BANCORP, INC., a Michigan corporation (the "Corporation") and RICHARD E. DYER ("Executive"). The parties agree as follows.

TRANSITION AGREEMENT
Transition Agreement • July 13th, 2007 • Southern Michigan Bancorp Inc • State commercial banks • Michigan

This TRANSITION AGREEMENT (this "Agreement") is made and entered into this 17th day of April, 2007, by and among SOUTHERN MICHIGAN BANCORP, INC., a Michigan corporation ("Southern"), FNB FINANCIAL CORPORATION, a Michigan corporation (the "FNB"), and RICHARD E. DYER ("Executive").

SOUTHERN MICHIGAN BANK & TRUST DIRECTOR DEFERRED FEE AGREEMENT
Director Deferred Fee Agreement • July 13th, 2007 • Southern Michigan Bancorp Inc • State commercial banks • Michigan

To encourage the Director to remain a member of the Company's Board of Directors, the Company is willing to provide to the Director a deferred fee opportunity. The Company will pay the Director's benefits from the Company's general assets. This Agreement between the Director and the Company modifies the terms of the Director's participation in the Plan, replaces all benefits which otherwise were payable under the Plan, and supercedes all previous Agreements under this Plan.

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