Tenth Amendment to Capitol Bancorp Ltd. Employee Savings and Stock Ownership Plan (Black Mountain Banking Corp Participation)

Contract Categories: Human Resources › Profit Sharing Plans
Summary

This amendment adds Black Mountain Banking Corp as a participating employer in the Capitol Bancorp Ltd. Employee Savings and Stock Ownership Plan, effective January 1, 2001. The agreement is signed by representatives of both Capitol Bancorp Ltd. and Black Mountain Community Bank, confirming the inclusion of the new entity in the plan. The amendment ensures that employees of Black Mountain Banking Corp are now eligible to participate in the existing savings and stock ownership benefits.

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EX-10.B.4.1 3 ex10b41.txt 1ST & 2ND AMENDMENT TO PROFIT SHARING 401K PLAN Exhibit (b4-1) TENTH AMENDMENT TO THE CAPITOL BANCORP LTD. EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN The Capitol Bancorp Ltd. Employee Savings and Stock Ownership Plan is hereby amended effective January 1, 2001 by adding the following participating employer at the end of the list contained: Name of Type of State of Date of Employer Entity Organization Participation -------- ------ ------------ ------------- Black Mountain Banking Corp Nevada 1/1/2001 Community Bank CAPITOL BANCORP LIMITED Dated: 11-09-00 By: /s/ Joseph D. Reid ------------------- ------------------------------------ Joseph D. Reid Chairman and CEO BLACK MOUNTAIN COMMUNITY BANK Dated: 11-09-00 By: /s/ Pete Atkinson -------------------- ------------------------------------ Pete Atkinson, President