STOCK OPTION AND ESPP REPURCHASE AGREEMENTStock Option and Espp Repurchase Agreement • March 28th, 2008 • Reliance Bancshares, Inc. • National commercial banks
It is hereby agreed between Reliance Bank, a Missouri Banking Corporation, and its former employee, James W. Sullivan, that any stock options acquired by Mr. Sullivan through the Reliance Bank Board of Directors as a result of his employment with Reliance Bank and all stock purchased through the Reliance Bank Employee Stock Purchase Plan shall be repurchased by Reliance Bank at a rate of$12.00 per share. The current values, strike prices and repurchase prices are as follows:
RESIGNATION COMPENSATION AGREEMENTResignation Compensation Agreement • March 28th, 2008 • Reliance Bancshares, Inc. • National commercial banks
The purpose of this agreement is to document the total resignation compensation of the former Chief Financial Officer of Reliance Bank, James W. Sullivan. The compensation described below reflects all accrued vacation time and six weeks salary to be paid to James W. Sullivan as a result of his tenure as an employee with Reliance Bank The Resignation Compensation is as follows:
