EXHIBIT 10.1 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (this "Agreement") is made effective as of May 25, 2005 (the "Effective Date"), by and between FLAGSTAR BANCORP, INC. ("BANCORP") AND FLAGSTAR BANK, FSB (the "Bank" and, together, with...Employment Agreement • May 16th, 2005 • Flagstar Bancorp Inc • Savings institution, federally chartered • Michigan
