Seventh Amendment to Capitol Bancorp Ltd. Employee Stock Ownership Plan (with Sunrise Bank of Arizona and Sunrise Bank of Albuquerque)

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment adds Sunrise Bank of Arizona and Sunrise Bank of Albuquerque as participating employers in the Capitol Bancorp Ltd. Employee Stock Ownership Plan, effective January 1, 2003. The agreement is signed by representatives of Capitol Bancorp Ltd. and both banks, confirming their participation in the plan from the specified date.

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EX-10.(D5) 4 k83655exv10wxd5y.htm 7TH AMENDMENT TO EMPLOYEE STOCK OWNERSHIP PLAN exv10wxd5y  

Exhibit 10(d5)

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

     The Capitol Bancorp Ltd. Employee Stock Ownership Plan is hereby amended effective January 1, 2003 by adding the following participating employers at the end of the list therein contained:

             
Name of   Type of   State of   Date of
Employer
   Entity
   Organization
   Participation
Sunrise Bank of Arizona
Sunrise Bank of Albuquerque
  Banking Corp. Banking Corp.   Arizona
New Mexico 		  January 1, 2003 January 1, 2003
         
  CAPITOL BANCORP LIMITED
 		  
Dated: January 1, 2003  By:   /s/ Joseph D. Reid    
    Joseph D. Reid   
    Chairman and CEO   
 
  SUNRISE BANK OF ARIZONA
 		  
Dated: January 1, 2003  By:   /s/ William D. Hinz    
    William D. Hinz   
    President and CEO   
 
  SUNRISE BANK OF ALBUQUERQUE
 		  
Dated: January 1, 2003  By:   /s/ Fred Bernson    
    Fred Bernson   
    President