Second Amendment to Capitol Bancorp Ltd. Amended and Restated Employee Stock Ownership Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment adds BAIA Acquisition Company, LLC and Clemson Holdings, LLC as participating employers to the Capitol Bancorp Ltd. Employee Stock Ownership Plan, effective January 1, 2008. The agreement is signed by representatives of Capitol Bancorp Ltd. and both new participating companies. The amendment formalizes the inclusion of these entities in the plan, allowing their employees to participate in the stock ownership benefits.

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EX-10.D1 3 exhibit10_d.htm 2ND AMENDMENT TO ESOP PLAN exhibit10_d.htm
 
EXHIBIT 10 (d1)

 
SECOND AMENDMENT TO THE
CAPITOL BANCORP LTD.
AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN


The Capitol Bancorp Ltd. Employee Stock Ownership Plan is hereby amended effective January 1, 2008 by adding the following participating employers at the end of the list therein contained:
Name of
Employer
  
Type of
Entity
  
State of
Organization
  
Date of
Participation
BAIA Acquisition Company, LLC
  
LLC
  
Michigan
  
January 1, 2008
Clemson Holdings, LLC
  
LLC
  
Michigan
  
January 1, 2008



 
 
 
 
Dated:  February 26, 2009
CAPITOL BANCORP LIMITED
 
 
By:  /s/ Cristin K. Reid                                                                                      
  Cristin K. Reid
Its:    Corporate President
 

 
 
 
Dated:  February 6, 2009
BAIA ACQUISITION COMPANY, LLC
 
 
By:  /s/ Robert Hogan                                                                                      
  Robert Hogan
Its:    Manager
 


 
 
 
Dated:  February 6, 2009
CLEMSON HOLDINGS, LLC
 
 
By:  /s/ Robert Hogan                                                                                      
  Robert Hogan
Its:    Manager