Terms of Employment Arrangement between Bay National Bank and Mark A. SemanieTerms of Employment Arrangement • March 28th, 2008 • Bay National Corp • National commercial banks
Mr. Semanie is employed on an at will basis at a rate of pay of $200,000 as of January 1, 2008. Mr. Semanie is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and is entitled to all benefits available to full time employees of Bay National Bank.
Terms of Employment Arrangement between Bay National Bank and Richard J. OppitzTerms of Employment Arrangement • March 28th, 2008 • Bay National Corp • National commercial banks
Mr. Oppitz is employed on an at will basis at a rate of pay of $175,000 as of January 1, 2008. Mr. Oppitz is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and is entitled to all benefits available to full time employees of Bay National Bank.
