Employment Arrangement for Mr. Semanie as Senior Vice President and CFO of Carrollton Bancorp and Carrollton Bank
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Summary
This agreement outlines the employment terms for Mr. Semanie, who serves as Senior Vice President and Chief Financial Officer of Carrollton Bancorp and Carrollton Bank. He is employed on an at-will basis, receives an annual base salary of $171,000, is eligible for a discretionary bonus determined by the Board, and can participate in the Bank's employee benefit plans. The arrangement does not specify a fixed term or additional conditions beyond standard employment policies.
EX-10.3 3 ex10-3.htm EXHIBIT 10.3 Unassociated Document
Exhibit 10.3
Mr. Semanie currently serves as Senior Vice President and Chief Financial Officer of Carrollton Bancorp and Carrollton Bank (the “Bank”) on at-will basis. Under the terms of his current employment arrangement, Mr. Semanie is entitled to an annual base salary currently set at $171,000, 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.
