BACKGROUNDSeverance Agreement • March 26th, 1998 • FCNB Corp • State commercial banks • Maryland
Exhibit 10.8 Compensation agreement for Clyde C. Crum This Agreement, effective December 30, 1996, between FCNB Bank (the "Bank") and Clyde C. Crum ("Mr. Crum") constitutes the terms under which Mr. Crum will serve as Chairman of the Board for FCNB...Agreement • March 26th, 1998 • FCNB Corp • State commercial banks
This Agreement, effective December 30, 1996, between FCNB Bank (the "Bank") and Clyde C. Crum ("Mr. Crum") constitutes the terms under which Mr. Crum will serve as Chairman of the Board for FCNB Bank and FCNB Corp and expresses the compensation which Mr. Crum will receive for his work. This Agreement will be in effect on a month to month basis beginning December 30, 1996, and can be terminated by a 30 day written advance notice from either party.
