AMENDMENT TO EMPLOYMENT AGREEMENT as of August 16, 2005Employment Agreement • March 24th, 2006 • Beverly National Corp • National commercial banks • Massachusetts
Reference is made to your Employment Agreement dated July 9, 2002, as amended January 25, 2005 (the “Agreement”). This letter confirms our understanding that in consideration of valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the terms of Exhibit A of the Agreement are hereby amended to delete Item 12 and replace same with new Item 12 which provides as stated below:
