At-Will Employment Arrangement for President and CEO of Carrollton Bancorp and Carrollton Bank (Mr. Altieri)
Contract Categories:
Human Resources
›
Employment Agreements
Summary
Mr. Altieri serves as President and CEO of Carrollton Bancorp and Carrollton Bank on an at-will basis following the expiration of his prior employment agreement. He receives an annual base salary of $222,300, is eligible for a discretionary bonus determined by the Board, participates in all employee benefit plans available to employees and officers, and has use of a company car. There is no fixed term for this arrangement, and either party may end the employment at any time.
EX-10.2 2 ex10-2.htm EXHIBIT 10.2 Unassociated Document
Exhibit 10.2
As a result of the expiration of the employment agreement in 2011, Mr. Altieri currently serves as President and Chief Executive Officer of Carrollton Bancorp and Carrollton Bank (the “Bank”) on at-will basis. Under the terms of his current employment arrangement, Mr. Altieri is entitled to an annual base salary currently set at $222,300, a bonus in an amount as determined by the Compensation Committee of the Board of Directors and the Board of Directors, and to participate in all employee benefit plans and arrangements as offered by the Bank to all employees and officers and to use of a Bank-owned car.
