Amendment to Employment Agreement between Central Federal Corporation, CF Bank, and John Helmsdoerfer
This amendment updates the employment agreement between Central Federal Corporation, CF Bank, and John Helmsdoerfer. Effective April 30, 2017, the initial term of Mr. Helmsdoerfer's employment is extended to December 31, 2019. All other terms of the original agreement remain unchanged and are confirmed by the parties.
Exhibit 10.2
Employment Agreement Amendment
This is an amendment to the Employment Agreement dated August 15, 2016, between Central Federal Corporation and CF Bank, and John Helmsdoerfer. 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/ John Helmsdoerfer | By: /s/ Robert Milbourne | |
| John Helmsdoerfer | Name: Robert Milbourne | |
| | Title: Chair, Compensation Committee | |
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| | CFBank | |
| | By: /s/ Robert Milbourne | |
| | Name: Robert Milbourne | |
| | Title: Chair, Compensation Committee |
