LIFE INSURANCE ENDORSEMENT METHOD SPLIT DOLLAR PLAN AGREEMENTShore Bancshares Inc • December 12th, 2006 • National commercial banks
The Insured (or assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive his share of the proceeds payable upon the death of the Insured, and to elect and change a payment option for such beneficiary, subject to any right or interest the Bank may have in such proceeds, as provided in this Agreement.
EMPLOYMENT TERMINATION AGREEMENTEmployment Termination Agreement • December 12th, 2006 • Shore Bancshares Inc • National commercial banks • Maryland
THIS EMPLOYMENT TERMINATION AGREEMENT, is entered into this 7th day of December, 2006, (this “Termination Agreement”) by and between The Centreville National Bank of Maryland (the “Bank”) and Shore Bancshares, Inc. (“SHBI”, and with the Bank, collectively, the “Companies”) and Daniel T. Cannon (the “Employee”).
FIRST AMENDMENT UNDER DIRECTOR INDEXED FEEContinuation Plan Agreement • December 12th, 2006 • Shore Bancshares Inc • National commercial banks • Maryland
Pursuant to subparagraph VI C of the Director Indexed Fee Continuation Program Director Agreement between The Centreville National Bank of Maryland and Daniel T. Cannon, dated January 7, 1997, the Agreement is hereby amended with the following:
