Director Retirement Agreement Sample Contracts

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FIRST AMENDMENT TO THE FIRST UNITED SECURITY BANK DIRECTOR RETIREMENT AGREEMENT DATED OCTOBER 17, 2002 FOR
Director Retirement Agreement • March 16th, 2009 • United Security Bancshares Inc • State commercial banks

THIS FIRST AMENDMENT is adopted this 20th day of November, 2008, effective as of January 1, 2005, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and R. TERRY PHILLIPS (the “Director”).

EX-10.7 8 dex107.htm DIRECTOR RETIREMENT AGREEMENT BTWN CAROLINA BANK AND J. ALEXANDER S BARRETT CAROLINA BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • May 5th, 2020 • North Carolina

This DIRECTOR RETIREMENT AGREEMENT (this “Agreement”) is entered into as of this 30th day of May, 2008, by and between Carolina Bank, a North Carolina-chartered bank (the “Bank”), and J. Alexander S. Barrett, a director of the Bank (the “Director”).

BUTTE COMMUNITY BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • August 14th, 2002 • Community Valley Bancorp • Blank checks • California

This Director Retirement Agreement (Agreement) is entered into by and between Butte Community Bank (Bank), a state commercial bank located in Paradise, California, and John Lanam (Director), to be effective as of April 14, 1998.

Cortland Bancorp Amended Director Retirement Agreement
Director Retirement Agreement • March 17th, 2008 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Amended Director Retirement Agreement (this “Agreement”) is entered into as of this 18th day of December, 2007, by and between Cortland Bancorp (the “Company”), a bank holding company located in Cortland, Ohio, and James E. Hoffman III, a director of the Company (the “Director”).

EX-10.18 10 dex1018.htm DIRECTOR RETIREMENT AGREEMENT AND SPLIT DOLLAR AGREEMENT FOR GORDON WOODS BANK OF THE SIERRA DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • May 5th, 2020 • California

THIS AGREEMENT is adopted this 1st day of October, 2002, by and between BANK OF THE SIERRA, a state-chartered commercial bank located in Porterville, California (the “Company”), and GORDON WOODS (the “Director”).

FIRST AMENDED AND RESTATED SANTA LUCIA BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • March 30th, 2009 • Santa Lucia Bancorp • State commercial banks • California

This First Amended and Restated Santa Lucia Bank Director Retirement Agreement (hereinafter “Agreement”) is made and entered into, and is effective as of January 1, 2008, by and between Santa Lucia Bank, a bank organized and existing under the laws of the state of California (hereinafter the “Bank”) and Jean Hawkins, a Director of the Bank (hereinafter “Director” or “Participant”);

FIRST AMENDMENT TO THE PLUMAS BANK AMENDED AND RESTATED DIRECTOR RETIREMENT AGREEMENT DATED APRIL 28, 2000 FOR JERRY V. KEHR
Director Retirement Agreement • September 25th, 2007 • Plumas Bancorp • Short-term business credit institutions

THIS FIRST AMENDMENT is adopted this 19th day of September, 2007, effective as of January 1, 2005, by and between Plumas Bank, located in Quincy, California (the “Company”) and Jerry V. Kehr (the “Director”).

THE OHIO VALLEY BANK COMPANY THIRD AMENDED AND RESTATED DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • March 24th, 2021 • Ohio Valley Banc Corp • State commercial banks • Ohio

This THIRD AMENDED AND RESTATED DIRECTOR RETIREMENT AGREEMENT (this “Agreement”) is adopted this 18th day of December, 2012 by and between THE OHIO VALLEY BANK COMPANY, a state-chartered commercial bank located in Gallipolis, Ohio (the “Company”), and Thomas E. Wiseman (the “Director”). This Agreement amends and restates the prior Second Amended and Restated Director Retirement Agreement between the Company and the Director dated December 28, 2007 (the “2007 Amendment”) which amended and restated the prior Amended and Restated Director Retirement Agreement between the Company and the Director dated January 13, 2004 (the “2004 Agreement”).

PLUMAS BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • August 9th, 2023 • Plumas Bancorp • Short-term business credit institutions • California

17th day of May, 2023, by and between PLUMAS BANK, a California corporation located in Quincy, California (the “Company”) and RICHARD KENNY (the “Director”). The purpose of this Agreement is to provide specified benefits to the Director who contributes to the continued growth, development, and future business success of the Company.

Director Retirement Agreement
Director Retirement Agreement • March 15th, 2017 • First Us Bancshares Inc • State commercial banks

THIS SECOND AMENDMENT (this “Amendment”) is adopted and effective as of this 25th day of January, 2017, by and among First US Bancshares, Inc., a Delaware corporation (formerly known as United Security Bancshares, Inc.) (“USB”), First US Bank, a state-chartered commercial bank located in Thomasville, Alabama (formerly known as First United Security Bank) (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and John C. Gordon (the “Director”).

FIRST AMENDMENT TO THE ORRSTOWN BANK DIRECTOR RETIREMENT AGREEMENT DATED OCTOBER 1, 1998 FOR JEFFREY W. COY
Director Retirement Agreement • March 15th, 2010 • Orrstown Financial Services Inc • State commercial banks

THIS FIRST AMENDMENT is adopted this 22nd day of March, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the “Company”), and Jeffrey W. Coy (the “Director”).

PEOPLES FEDERAL SAVINGS BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • March 17th, 2010 • Peoples Federal Bancshares, Inc. • Massachusetts

THIS DIRECTOR RETIREMENT AGREEMENT (the “Agreement”) is adopted this 29th day of November, 2004, by and between PEOPLES FEDERAL SAVINGS BANK, a federally-chartered corporation located in Boston, Massachusetts (the “Bank”), and MAURICE H. SULLIVAN, JR, (the “Director”).

McINTOSH STATE BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • May 11th, 2006 • McIntosh Bancshares Inc /Ga/ • State commercial banks • Georgia

THIS AGREEMENT is adopted this 19th day of December, 2002, by and between McINTOSH STATE BANK, a state-chartered commercial bank located in Jackson, Georgia (the “Company”) and JOHN L. CARTER (the “Director”).

The Middlefield Banking Company Amended Director Retirement Agreement
Director Retirement Agreement • January 9th, 2008 • Middlefield Banc Corp • State commercial banks • Ohio

This Amended Director Retirement Agreement (this “Agreement”) is entered into as of , 200 by and between The Middlefield Banking Company, an Ohio-chartered bank (the “Bank”), and Donald E. Villers, a director of the Bank (the “Director”).

HAMPDEN BANK AMENDED AND RESTATED DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • November 9th, 2015 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts

This AMENDED & RESTATED DIRECTOR RETIREMENT AGREEMENT (this “Agreement”) is adopted this 29th day of July, 2008 by and between HAMPDEN BANK, a state- savings bank located in Springfield, Massachusetts (the “Bank”), and Richard Suski (the “Director”). This Agreement amends and restates the prior Amended and Restated Director Supplemental Retirement Plan Agreement between the Bank and the Director dated January 1, 2008 (the “Prior Agreement”). The parties intend this amended and restated Agreement to be a material modification of the Prior Agreement such that all amounts earned and vested prior to December 31, 2004 shall be subject to the provisions of Code Section 409A.

SCHEDULE A TO EXHIBIT 10.3
Director Retirement Agreement • March 16th, 2009 • Ohio Valley Banc Corp • State commercial banks

The following individuals entered into Director Retirement Agreements with The Ohio Valley Bank Company identified below which are identical to the Director Retirement Agreement, dated December 28, 2007, between Jeffrey E. Smith and The Ohio Valley Bank Company incorporated herein by reference to Exhibit 10.3 to Ohio Valley's Annual Report on Form 10-K for fiscal year ending December 31, 2007 (SEC File No. 0-20914).

EX-10.15 7 dex1015.htm DIRECTOR RETIREMENT AGREEMENT FOR ROBERT TIENKEN BANK OF THE SIERRA DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • May 5th, 2020 • California

THIS AGREEMENT is adopted this 1st day of October, 2002, by and between BANK OF THE SIERRA, a state-chartered commercial bank located in Porterville, California (the “Company”), and ROBERT TIENKEN (the “Director”).

EX-10.21 3 d264441dex1021.htm EX-10.21 First United Security Bank DIRECTOR RETIREMENT AGREEMENT FIRST UNITED SECURITY BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • May 5th, 2020 • Alabama

THIS DIRECTOR RETIREMENT AGREEMENT (“Agreement”) is made and entered into this 17th day of November, 2011, between First United Security Bank, a bank located in Thomasville, Alabama (“FUSB”), United Security Bancshares, Inc. (“USB”) (FUSB and USB are collectively referred to herein as the “Company”), and Andrew C. Bearden, Jr. (“Director”).

FORM OF DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • May 21st, 2018 • Broadfin Capital, LLC • Pharmaceutical preparations • Delaware

This DIRECTOR RETIREMENT AGREEMENT (this “Agreement”) is entered into this 17th day of May, 2018 by and among BioDelivery Sciences International, Inc. (the “Company”), [ ] (the “Director”), and with respect to Sections 3 through 11, inclusive, and Sections 13 and 14 hereof, Broadfin Healthcare Master Fund Ltd. (“Broadfin”). The Director, the Company and Broadfin may be collectively referred to as the “parties” or individually referred to as a “party.”

AMENDMENT TO THE MERCER SAVINGS BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • April 25th, 2023 • Mercer Bancorp, Inc. • Savings institutions, not federally chartered

THIS AMENDMENT to the Director Retirement Agreement (the “Agreement”) is entered into by and between Mercer Savings Bank, a savings association located in Celina, Ohio (the “Bank”) and Kristin Fee (the “Director”), on this 18th day of April 2023.

ELGIN FINANCIAL SAVINGS BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • March 20th, 2003 • Efc Bancorp Inc • Savings institutions, not federally chartered • Illinois

THIS AGREEMENT is adopted this 19 day of June, 2002, by and between ELGIN FINANCIAL SAVINGS BANK, a State/Stock Savings Bank located in Elgin, Illinois (the “Company”) and JAMES A. ALPETER (the “Director”).

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MERCER SAVINGS BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • March 10th, 2023 • Mercer Bancorp, Inc. • Ohio

THIS DIRECTOR RETIREMENT AGREEMENT (the “Agreement”) is adopted this 20th day of May, 2014, by and between Mercer Savings Bank, a savings association located in Celina, Ohio (the “Bank”) and David L. Keiser (the “Director”).

Contract
Director Retirement Agreement • March 16th, 2018 • Ohio Valley Banc Corp • State commercial banks

The following individuals entered into director retirement agreements with The Ohio Valley Bank Company which are identical to the Third Amended and Restated Director Retirement Agreement, dated December 18, 2012, between Jeffrey E. Smith and The Ohio Valley Bank Company filed herewith.

CAPE SAVINGS BANK AMENDED AND RESTATED DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • September 19th, 2007 • Cape Bancorp, Inc. • New Jersey

THIS DIRECTOR RETIREMENT AGREEMENT (the “Agreement”) originally entered into on the 26th day of December, 2000, by and between CAPE SAVINGS BANK, a state savings bank located in Cape May Court House, New Jersey (the “Company”) and (the “Director”), is hereby amended and restated on this day of , 2006, and shall be effective as of January 1, 2005.

AMENDMENT TO THE MERCER SAVINGS BANK DIRECTOR RETIREMENT
Director Retirement Agreement • March 10th, 2023 • Mercer Bancorp, Inc.

THIS AMENDMENT to the Director Retirement Agreement (the “Agreement”) is entered into by and between Mercer Savings Bank, a savings association located in Celina, Ohio (the “Bank”) and [Name] (the “Director”), on this day of 2023.

FAIRFIELD COUNTY BANK CORP DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • March 15th, 2010 • Fairfield County Bank Corp. • Connecticut

THIS AGREEMENT is made this day of , by and between FAIRFIELD COUNTY BANK CORP., a Connecticut mutual savings bank located in Ridgefield, Connecticut (the “Bank”), and (the “Director”). This Agreement is an amendment and restatement of an Agreement originally entered into .

Contract
Director Retirement Agreement • March 16th, 2020 • Ohio Valley Banc Corp • State commercial banks

The following individuals entered into director retirement agreements with The Ohio Valley Bank Company which are identical to the Director Retirement Agreement, dated December 19, 2017, between Kimberly A. Canady and The Ohio Valley Bank Company filed herewith.

Contract
Director Retirement Agreement • November 9th, 2015 • Ohio Valley Banc Corp • State commercial banks

The following individuals entered into director retirement agreements with The Ohio Valley Bank Company which are identical to the Third Amended and Restated Director Retirement Agreement, dated December 18, 2012, between Jeffrey E. Smith and The Ohio Valley Bank Company filed herewith.

DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • August 11th, 2017 • Oak Valley Bancorp • State commercial banks • California

THIS AGREEMENT between, OAK VALLEY COMMUNITY BANK, a state-chartered commercial bank located in Oakdale, California (the "Company"), and H. RANDOLPH HOLDER (the "Director")

The following form of agreement was executed by The Ohio Valley Bank Company and each of the following directors on the dates indicated beside their names:
Director Retirement Agreement • March 17th, 2022 • Ohio Valley Banc Corp • State commercial banks

THIS AGREEMENT is made this ______ day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the “Company”), and ______________ (the “Director”).

FIRST AMENDMENT TO THE ORRSTOWN BANK DIRECTOR RETIREMENT AGREEMENT DATED OCTOBER 1, 2002 FOR GLENN W. SNOKE
Director Retirement Agreement • March 15th, 2010 • Orrstown Financial Services Inc • State commercial banks

THIS FIRST AMENDMENT is adopted this 24th day of April, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the “Company”), and Glenn W. Snoke (the “Director”).

DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • February 27th, 2015 • Independent Bank Corp • State commercial banks • Massachusetts

This Second Amendment (the "Amendment") to the Director Retirement Agreement, dated as of November 29, 2004 and as amended December 16, 2008 (the "Agreement"), by and among Peoples Federal Savings Bank (the "Bank") and Maurice H. Sullivan, Jr. (the "Director") is effective as of March 1, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

Contract
Director Retirement Agreement • March 16th, 2018 • Ohio Valley Banc Corp • State commercial banks

The following individuals entered into director retirement agreements with The Ohio Valley Bank Company which are identical to the Director Retirement Agreement, dated December 19, 2017, between Kimberly A. Canady and The Ohio Valley Bank Company filed herewith.

The Middlefield Banking Company Amended Director Retirement Agreement
Director Retirement Agreement • January 9th, 2008 • Middlefield Banc Corp • State commercial banks • Ohio

This Amended Director Retirement Agreement (this “Agreement”) is entered into as of , 200 by and between The Middlefield Banking Company, an Ohio-chartered bank (the “Bank”), and Frances H. Frank, a director of the Bank (the “Director”).

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