EMPLOYMENT AGREEMENTEmployment Agreement • February 28th, 2007 • Citizens Banking Corp • National commercial banks • Michigan
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of June 26th, 2006, by and between Dana M. Cluckey (the “Executive”) and Citizens Banking Corporation, a Michigan corporation (the “Company”).
November 3, 2006 Thomas F. Menacher Republic Bancorp Inc. 1060 East Main Street Owosso, Michigan 48867 Dear Tom:Citizens Banking Corp • February 28th, 2007 • National commercial banks • Michigan
As you know, Citizens Banking Corporation (“Citizens”) and Republic Bancorp Inc. (“Republic”) have entered into a merger agreement (the “Merger Agreement”) pursuant to which Republic will merge with and into Citizens (the “Merger”), so that Citizens is the surviving corporation in such merger (such surviving corporation, the “Company”). Because of your potential to make a significant contribution to the Company, the Company wishes to continue your employment following the completion of the Merger in accordance with the terms of this letter.
EMPLOYMENT AGREEMENTEmployment Agreement • February 28th, 2007 • Citizens Banking Corp • National commercial banks • Michigan
THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of June 26th, 2006, is entered into by and between Citizens Banking Corporation, a Michigan corporation (the “Company”) and Jerry D. Campbell (the “Employee”) to be effective upon the Effective Time (the “Effective Date”) of the transactions (the “Merger”) contemplated by the Agreement and Plan of Merger (the “Merger Agreement”) dated as of June 26th, 2006 among the Company and Republic Bancorp Inc., a Michigan corporation (“Republic”). If the Effective Time does not occur, this Agreement shall be void ab initio and of no further force and effect. Capitalized terms used but not defined herein shall have the meaning set forth in the Merger Agreement.
