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

Contract Categories: Business Finance - Stock Agreements
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