TRANSITION AGREEMENT WITH GENERAL RELEASE AND INDEPENDENT CONTRACTOR CONSULTANT ENGAGEMENTTransition Agreement With General Release and Independent Contractor Consultant Engagement • May 27th, 2009 • First Mariner Bancorp • State commercial banks
This Transition Agreement with General Release and Independent Contractor Consultant Engagement (this “Agreement”) is entered into by and between 1st Mariner Bancorp and 1st Mariner Bank (jointly and/or individually, “1st Mariner” or the “Bank”), as the party of the first part, and Joseph A. Cicero (“Cicero”), as the party of the second part (collectively, the “Parties”), for the purpose of setting forth mutual promises regarding Cicero’s leaving 1st Mariner employment for retirement and to resolve any and all potential and/or actual disputes and issues that Cicero may have with respect to 1st Mariner. In consideration of the mutual undertakings and agreements set forth herein, as well as other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, 1st Mariner and Cicero agree as follows:
