EMPLOYMENT AGREEMENTEmployment Agreement • February 22nd, 2006 • West Bancorporation Inc • State commercial banks • Iowa
THIS AGREEMENT made this 21st day of October, 2005, between Investors Management Group, Ltd., an Iowa corporation, with its principal offices at, 1415 28th Street, Suite 200, West Des Moines, Iowa 50266 (“IMG”), and Jeff Lorenzen (“EMPLOYEE”); WITNESSETH: WHEREAS, EMPLOYEE possesses valuable skills in the investment advisory services business which IMG wishes to retain; and WHEREAS, IMG has, over a substantial period of time and at considerable expense, developed valuable expertise in the investment advisory services business and has developed commercially valuable patronage and goodwill with many clients, and has made EMPLOYEE privy to confidential information and has permitted EMPLOYEE to deal with its clients, in reliance upon EMPLOYEE’s recognition and acknowledgment that its confidential information is unique, of significant value to and remains the property of IMG; and WHEREAS, it is the intent of IMG to protect and preserve the confidentiality of its methods and oper
