Amendment to Employment Agreement between Central Federal Corporation, CF Bank, and Timothy O’Dell
This document is an amendment to the employment agreement originally signed on August 15, 2016, between Central Federal Corporation, CF Bank, and Timothy O’Dell. The amendment extends the term of Mr. O’Dell’s employment until December 31, 2019. All other terms of the original agreement remain unchanged and are reaffirmed by the parties. The amendment is effective as of April 30, 2017.
Exhibit 10.1
Employment Agreement Amendment
This is an amendment to the Employment Agreement dated August 15, 2016, between Central Federal Corporation and CF Bank, and Timothy O’Dell. For valuable consideration, the parties hereby amend the Employment Agreement as follows, effective April 30, 2017:
The Initial Term of the Agreement set forth in Section 1 shall be from the Effective Date until December 31, 2019.
In all other respects, the Employment Agreement is hereby ratified as originally written.
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| | Central Federal Corporation | |
| /s/ Timothy O’Dell | By: /s/ Robert Milbourne | |
| Timothy O’Dell | Name: Robert Milbourne | |
| | Title: Chair, Compensation Committee | |
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| | CFBank | |
| | By: /s/ Robert Milbourne | |
| | Name: Robert Milbourne | |
| | Title: Chair, Compensation Committee |
