ContractEmployment Agreement • December 23rd, 2005 • Citizens Community Bancorp • National commercial banks • Wisconsin
EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of this 1st day of July, 2005, by and between Citizens Community Federal (the "Bank") and Brian P. Ashley (the "Employee"). WHEREAS, the Employee is being employed by the Bank on this date in connection with the merger of Community Plus Savings Bank, Rochester Hills, Michigan ("Community") with and into the Bank; and WHEREAS, the Employee is being hired as the Senior Vice President of the Community Plus Division of the Bank ("Community Division"); and WHEREAS, the Board of Directors believes it is in the best interests of the Bank to enter into this Agreement with the Employee in order to assure continuity of management of the Bank; and WHEREAS, the Board of Directors has approved and authorized the execution of this Agreement with the Employee to take effect as stated in Section 2 hereof; NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreem
