Employment Agreement Extension Notice for Named Executive Officers of BankFinancial, F.S.B.
This notice confirms that the Board of Directors and Human Resources Committee of BankFinancial, F.S.B. have reviewed and extended the employment agreement for a named executive officer. The employment period is now extended by one year, making the total remaining term thirty-six months, ending on March 31, 2008. The notice also ratifies previous decisions regarding the executive's base salary and incentive compensation. The executive is asked to acknowledge and accept these terms by signing and returning the notice.
Exhibit 10.14
To: | ||||
From: | ||||
Re: | Employment Agreement Annual Review | |||
Date: | April 6, 2005 |
I am pleased to confirm that the Board of Directors of BankFinancial, F.S.B. and the Boards Human Resources Committee conducted the annual review referenced in Section of your Employment Agreement. The Board concluded, after performing the review, to extend the Employment Period, as referenced in Section of the Employment Agreement, for an additional one year so that the remaining term of the Employment Period will be thirty-six (36) months and will end on March 31, 2008; and to ratify the decision that the Human Resources Committee made earlier this year regarding your base salary and incentive compensation.
Kindly acknowledge your receipt and acceptance of this notice by signing it in the space indicated below and returning it to me.