Description of Mark A. Semanie employment arrangement

 

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.