Amendment to Employment Agreement Between The Commercial & Savings Bank of Millersburg, Ohio and Paula M. Meiler
This amendment updates the employment agreement between The Commercial & Savings Bank of Millersburg, Ohio and employee Paula M. Meiler. Effective August 9, 2007, the agreement sets a two-year employment term, which will automatically renew for one year on each anniversary unless either party gives at least 60 days' notice before the term ends. The amendment clarifies the process for renewal and termination of the employment relationship.
EXHIBIT 10.3
AMENDMENT
TO
EMPLOYMENT AGREEMENT DATED
AUGUST 9, 2004
BETWEEN
THE COMMERCIAL & SAVINGS BANK OF MILLERSBURG, OHIO (BANK)
AND
PAULA M. MEILER (EMPLOYEE)
Section 3.1 is Hereby Amended as follows:
Term. Beginning August 9, 2007 Employee shall be employed for a two (2) year term unless sooner terminated in accordance with the provisions of this Agreement. On each anniversary of this Amendment, the employment contract shall automatically be extended for an additional one (1) year term (each a ‘“Renewal Term”) unless either Bank or Employee notifies the other of its or her intent not to renew this Agreement at least sixty (60) days prior to the expiration of the then current term of the Agreement.
| /s/ Rick L. Ginther | /s/ Paula Meiler | |||
| The Commercial & Savings Bank | Employee, Paula Meiler | |||
| By: Rick L. Ginther, President/CEO |
