EMPLOYMENT AND NON-COMPETITION AGREEMENT among BNC INSURANCE, INC., MILNE & COMPANY INSURANCE, INC. and TERRENCE M. SCALI dated as of April 16, 2002Employment and Non-Competition Agreement • May 1st, 2002 • Bnccorp Inc • National commercial banks • Arizona
This Employment and Non-Competition Agreement (this "Agreement") is made effective as of the 16th day of April, 2002, by and among BNC Insurance, Inc., a North Dakota corporation ("BNC Insurance"), Milne & Company Insurance, Inc., an Arizona corporation ("Milne Scali" and together with BNC Insurance, or the surviving or successor entity pursuant to the merger or consolidation of Milne Scali and BNC Insurance, the "Company"), and Terrence M. Scali ("Executive"). All capitalized terms used but not defined herein shall have the meaning set forth in the Purchase Agreement described below.
STOCK PURCHASE AGREEMENT among BNCCORP, INC., BNC INSURANCE, INC. and RICHARD W. MILNE, JR., TERRENCE M. SCALI, The Richard W. Milne, Jr. and Robin Jayne Milne Revocable Living Trust, The Terrence M. Scali and Marcella A. Scali Family Trust, Nancy...Stock Purchase Agreement • May 1st, 2002 • Bnccorp Inc • National commercial banks • Arizona
This Stock Purchase Agreement (this "Agreement"), dated as of March 22, 2002 (the "Effective Date"), is by and among BNCCORP, Inc., a Delaware corporation ("BNC"), BNC Insurance, Inc., a North Dakota corporation (the "Agency"), and Richard W. Milne, Jr., Terrence M. Scali, the Richard W. Milne, Jr. and Robin Jayne Milne Revocable Living Trust, and the Terrence M. Scali and Marcella A. Scali Family Trust (collectively, the "Principal Shareholders" and each a "Seller"), G. Steven Hay, Nancy Kozloski-Rausch, Ronald Cadaret, Anthony J. Scali, and the Hammontree/Turnacliff Revocable Trust (collectively, the "Other Shareholders," each a "Seller" and collectively with the Principal Shareholders, the "Sellers").
