Amendment No. 16 to Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan (ESSOP)

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, effective February 22, 2002, adds Bank of Las Vegas as a participating employer to the Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan. The agreement is signed by representatives of both Capitol Bancorp, Ltd. and Bank of Las Vegas. The amendment updates the plan to include employees of Bank of Las Vegas, allowing them to participate in the employee savings and stock ownership benefits.

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EX-10.B5-1 3 ex10-b5.txt AMENDMENT NO. 16 TO ESSOP Exhibit (b5-1) AMENDMENT TO THE CAPITOL BANCORP, LTD. EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN AMENDMENT NUMBER 16 The Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan is hereby amended effective February 22, 2002 adding the following participating employer at the end of the list contained: Name of Type of State of Date of Employer Entity Organization Participation -------- ------ ------------ ------------- Bank of Bank Nevada 2/14/2002 Las Vegas CAPITOL BANCORP LIMITED Dated: February 14, 2002 By: \s\ Joseph D. Reid --------------------------------------- Joseph D. Reid Chairman and CEO BANK OF LAS VEGAS Dated: February 14, 2002 By: \s\ Vincent Ciminise --------------------------------------- Vincent Ciminise President