Employment Agreement between Shaun W. McGee and Boston Federal Savings Bank

Summary

This agreement outlines the employment terms for Shaun W. McGee as Vice President of Boston Federal Savings Bank and President of Diversified Ventures, Inc., a subsidiary. Mr. McGee will receive a base salary of $165,000. The agreement is otherwise substantially similar to a prior employment agreement referenced in another exhibit, with changes only to the name, position, and salary. The contract sets forth Mr. McGee's roles and compensation, and incorporates the terms of the referenced agreement by reference.

EX-10.11 4 b38148bbex10-11.txt EMPLOYMENT AGREEMENT WITH SHAUN MCGEE 1 EXHIBIT 10.11 Mr. McGee's Employment Agreement with the Company is substantially the same as the Employment Agreement with Company in Exhibit 10.10, which is incorporated herein by reference except as to: (i) the name of the signatory, which is Shaun W. McGee; (ii) the position in Section 1, which is Vice President of the Company, Vice President of Boston Federal Savings Bank, and President of Diversified Ventures, Inc. d/b/a Forward Financial Company, a wholly owned subsidiary of Boston Federal Savings Bank; and (iii) the amount of the base salary in Section 3(a), which is $165,000. Mr. McGee's Employment Agreement with Boston Federal Savings Bank is substantially the same as the Employment Agreement with Boston Federal Savings Bank in Exhibit 10.10, which is incorporated herein by reference except as to: (i) the name of the signatory, which is Shaun W. McGee; (ii) the position in Section 1, which is Vice President of Boston Federal Savings Bank and President of Diversified Ventures, Inc. d/b/a Forward Financial Company, a wholly owned subsidiary of Boston Federal Savings Bank; and (iii) the amount of the base salary in Section 3(a), which is $165,000.