FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT ENTERED INTO AS OF JUNE 1, 1999 BETWEEN CARVER BANCORP, INC. AND DEBORAH C. WRIGHTEmployment Agreement • February 17th, 2009 • Carver Bancorp Inc • Savings institution, federally chartered
Carver Bancorp, Inc., a corporation organized and existing under the laws of the state of Delaware (the “Corporation”) has entered into an Employment Agreement as of June 1, 1999 (the “Agreement”) with Deborah C. Wright (“Wright”), whereby Wright is employed as President and Chief Executive Officer of the Corporation. The Corporation and Wright now desire to amend the Agreement by adding a Section 32 to comply with the provisions of the Capital Purchase Program of the Troubled Asset Relief Program (“TARP”) of the Emergency Economic Stabilization Act of 2008 to read as follows:
FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT ENTERED INTO AS OF JUNE 1, 1999 BETWEEN CARVER FEDERAL SAVINGS BANK AND DEBORAH C. WRIGHTEmployment Agreement • February 17th, 2009 • Carver Bancorp Inc • Savings institution, federally chartered
Carver Federal Savings Bank, a federally chartered stock savings bank organized and existing under the laws of the United States of America (the “Bank”) has entered into an Employment Agreement as of June 1, 1999 (the “Agreement”) with Deborah C. Wright (“Wright”), whereby Wright is employed as President and Chief Executive Officer of the Bank. The Bank and Wright now desire to amend the Agreement by adding a Section 30 to comply with the provisions of the Capital Purchase Program of the Troubled Asset Relief Program (“TARP”) of the Emergency Economic Stabilization Act of 2008 to read as follows:
