Amendment No. 17 to Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan (ESSOP)

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, effective February 15, 2002, adds Napa Community Bank as a participating employer in the Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan (ESSOP). The agreement is signed by representatives of both Capitol Bancorp, Ltd. and Napa Community Bank. The amendment updates the plan to include Napa Community Bank employees, allowing them to participate in the ESSOP under the same terms as other participating employers.

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EX-10.B5-2 4 ex10b52.txt AMENDMENT NO. 17 TO ESSOP Exhibit (b5-2) AMENDMENT TO THE CAPITOL BANCORP, LTD. EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN AMENDMENT NUMBER 17 The Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan is hereby amended effective February 15, 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 -------- ------ ------------ ------------- Napa Community Bank California 2/15/2002 Bank CAPITOL BANCORP LIMITED Dated: February 15, 2002 By: \s\ Joseph D. Reid ------------------------------------ Joseph D. Reid Chairman and CEO NAPA COMMUNITY BANK Dated: February 15, 2002 By: \s\ Dennis Pedisich ------------------------------------ Dennis Pedisich President and CEO