0000906318-02-000153 Sample Contracts

RESIGNATION AGREEMENT AND RELEASE
Resignation Agreement • November 14th, 2002 • Exchange Bancshares Inc • State commercial banks

The following is an agreement ("Agreement") between Thomas J. Elder (“Elder”) and The Exchange Bank, an Ohio state-chartered bank with its principal place of business located in Luckey, Ohio and a wholly-owned subsidiary of Exchange Bancshares, Inc. (the “Bank”) regarding Elder's resignation from employment.

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