Amendment Agreement to Employment Agreement between Cornerstone Bank and Eugene D. D'Orazio

Summary

This agreement is an amendment to the original employment agreement between Cornerstone Bank and Eugene D. D'Orazio. It extends the term of Mr. D'Orazio's employment by one year, changing the expiration date from February 29, 2012, to February 28, 2013. All other terms and conditions of the original employment agreement remain unchanged.

EX-10.2 3 ex_102.txt Exhibit 10.2 AMENDMENT AGREEMENT This Agreement amends that certain Agreement by and between Cornerstone Bank, a New Jersey State chartered commercial bank (the "Bank") and Eugene D. D'Orazio, an individual (the "Executive") dated July 16, 2009 (the "Employment Agreement"). WHEREAS, the Employment Period, and such terms is defined in the Employment Agreement, is set to expire on February 29, 2012. WHEREAS, the Bank and the Executive each desire to extend the term of the Employment Period; NOW THEREFORE, the parties hereto hereby agree as follows: 1. Section 3 of the Employment Agreement is amended so that the Employment Period, in lieu of expiring on February 29, 2012, shall expire on February 28, 2013. 2. Except as amended hereby, the terms and conditions of the Employment Agreement shall remain in full force and effect, unaltered in any way. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of this 16(th) day of February, 2012. CORNERSTONE BANK By: /s/ George W. Matteo Jr. ---------------------------------------- GEORGE W. MATTEO, JR. Chairman, CEO & President /s/ Eugene D. Orazio ---------------------------------------- EUGENE D. D'ORAZIO