Extension Letter for Change in Control Agreement between Cape Bank and Executive
Cape Bank is notifying the executive that the term of their existing Change in Control Agreement is being extended for one year, starting October 1, 2015, and continuing for twelve full calendar months. The letter confirms the extension and invites the executive to contact the President & CEO with any questions. No other terms or conditions are changed by this letter.
Exhibit 10.2
September ___, 2015
[Executive]
[Title]
Cape Bank
201 Shore Road
Linwood, NJ 08221
Dear [Executive],
The purpose of this letter is to inform you that the Board of Directors has decided to extend the term of your present Change in Control Agreement for another year. The term of your extended agreement begins on October 1, 2015 and will continue (12) full calendar months thereafter as outlined in section 1 TERM of your agreement. Should you have any questions or concerns please feel free to reach out to me.
Michael D. Devlin
President & CEO
