Third Amendment to Capitol Bancorp Ltd. Employee Stock Ownership Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment updates the Capitol Bancorp Ltd. Employee Stock Ownership Plan by changing the names of certain participating employers, adding new employers, and removing others from the plan's Appendix A. The changes are effective on various dates in 2009 and reflect updates to the list of companies participating in the plan. The amendment is signed by the Corporate President of Capitol Bancorp Ltd.

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EX-10.29 26 exhibit10_29.htm 3RD AMENDMENT TO ESOP PLAN exhibit10_29.htm
EXHIBIT 10.29
 

THIRD AMENDMENT TO THE
CAPITOL BANCORP LTD.
EMPLOYEE STOCK OWNERSHIP PLAN

 
The Capitol Bancorp Ltd. Employee Stock Ownership Plan is hereby amended as follows:
 
Effective February 16, 2009:

By re-naming the Adopting Employer “Valley First Community Bank” as “Central Arizona Bank” in Appendix A.

Effective March 20, 2009:

By striking the Adopting Employer Central Arizona Bank in Appendix A.

Effective March 31, 2009:

By striking the following Adopting Employers from Appendix A:

Brighton Commerce Bank
Detroit Commerce Bank
Kent Commerce Bank
Grand Haven Bank
Macomb Community Bank
Muskegon Commerce Bank
Portage Commerce Bank
Oakland Commerce Bank

By re-naming the Adopting Employer “Ann Arbor Commerce Bank” as “Michigan Commerce Bank” in Appendix A.

Effective July 1, 2009:

By adding the Adopting Employer “Bank of Auburn Hills” in Appendix A.

Effective September 21, 2009:

By striking the Adopting Employer “Yuma Community Bank” from Appendix A.


CAPITOL BANCORP LTD.


Dated:   November 18, 2009                                                                                        By:           /s/ Cristin K. Reid                                              
 Cristin K. Reid
Its:           Corporate President