Consulting Agreement between Enterbank Holdings, Inc. and Paul J. McKee, Jr.

Summary

Enterbank Holdings, Inc. has engaged Paul J. McKee, Jr. as a consultant to support the company's business growth, provide management advice, coach executives, and lead the Board of Directors. Mr. McKee will also serve as Chairman of the Board, participate in strategic planning, assist with recruiting and training, and handle public relations activities. The agreement pays Mr. McKee $40,000 per year in monthly installments and can be renewed annually or canceled by either party with 30 days' written notice.

EX-10.12 7 dex1012.txt CONSULTING CONTRACT DATED 10/3/01 - PAUL J. MCKEE Exhibit 10.12 Consulting Contract between Enterbank Holdings, Inc. and Paul J. McKee, Jr. ----------------------------------------------- Contract Objectives: . To assist in the business growth and development of Enterbank Holdings, Inc. and its subsidiaries; . To provide professional advisory services in all matters pertaining to the management of the Holding Company; . To provide personal coaching and counseling to officers and executives of the Holding Company as needed; . To provide leadership and direction to the Board of Directors of the Holding Company on behalf of the shareholders. Scope of Services: . Serve as Chairman of the Board of Directors for Enterbank Holdings, Inc.; . Serve on Executive Committee of the Bank with responsibilities for determining strategic planning, policy direction, and overall management of the Bank and other businesses; . Responsibility for developing and leading the annual strategic planning and budgeting process for Enterbank Holdings, Inc., Enterprise Bank and Enterprise Trust; . Personnel business development and marketing for the Bank's operation; . Assistance in recruiting and training Directors; . Provision of organizational development services including training, coaching, and assistance in the annual performance contracting process with key Bank employees; . Coordination of various public relations and promotional programs on behalf of the Holding Company and Enterprise Bank; o Preparation of marketing materials, reports and letters to shareholders, and leadership of business development seminars. Engagement Term and Conditions: The above services are to be performed for an annual fee of $40,000.00 payable in twelve (12) equal monthly installments. The contract is renewable annually by each party. Either party may cancel the contract with thirty (30) days written notice. Accepted by: /s/ Paul J. Mckee, Jr. October 9, 2001 - ---------------------- ---------------- Paul J. McKee, Jr. Date 102