Third Amendment to Carroll Community Bank Employee Stock Ownership Plan
This amendment, effective January 1, 2014, modifies the Carroll Community Bank Employee Stock Ownership Plan. It rescinds the First Amendment to the Plan and removes subsection (d) of Section 3.4. The amendment is executed by authorized officers of Carroll Community Bank and reflects changes to the terms and administration of the employee stock ownership plan for its participants.
Exhibit 10.1.2
THIRD AMENDMENT
TO
CARROLL COMMUNITY BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EFFECTIVE JANUARY 1, 2011
WHEREAS, the Carroll Community Bank (the “Bank”) adopted the Carroll Community Bank Employee Stock Ownership Plan, effective January 1, 2011 (the “Plan”); and
WHEREAS, the Bank desires to amend the Plan;
NOW, THEREFORE, pursuant to the rights reserved in Section 13.3 of the Plan, the Plan is hereby amended below as follows:
First Change
Effective January 1, 2014, The First Amendment is rescinded.
Second Change
Effective January 1, 2014, subsection (d) of Section 3.4 is no longer effective.
IN WITNESS WHEREOF, the duly authorized officers of the Bank have executed this Amendment on this 8th day of December, 2014.
