EMPLOYMENT AGREEMENTEmployment Agreement • June 13th, 2024 • Monroe Federal Bancorp, Inc. • Ohio
This Employment Agreement (this “Agreement”) is made effective as of __________ __, 2024 (the “Effective Date”), by and between Monroe Federal Savings and Loan Association, a federal savings association (the “Association”) and Lewis Renollet (the “Executive”). The Association and Executive are sometimes collectively referred to herein as the “parties.” Any reference to the “Company” shall mean Monroe Federal Bancorp, Inc., the holding company of the Association. The Company is a signatory to this Agreement for the purpose of guaranteeing the Association’s performance hereunder.
May 8, 2024Appraisal Agreement • June 13th, 2024 • Monroe Federal Bancorp, Inc.
This letter sets forth the agreement (“Agreement”) between Monroe Federal Savings and Loan Association (the “Association”) and Feldman Financial Advisors, Inc. (“FFA”), whereby the Association has engaged FFA to provide an independent appraisal of the estimated aggregate pro forma market value (the “Valuation”) of the common stock to be issued in connection with the conversion of the Association from the mutual to stock form of organization and concurrent offering for sale of all the common stock of the Association or its newly formed holding company (the “Conversion”).
ONE-YEAR CHANGE IN CONTROL AGREEMENTChange in Control Agreement • June 13th, 2024 • Monroe Federal Bancorp, Inc. • Ohio
This Change in Control Agreement (the “Agreement”) is made effective as of the ___ day of _____, 2024 (the “Effective Date”), by and between Monroe Federal Savings and Loan Association, a federal savings association (the “Association”) and (the “Executive”).
