Employment Agreement Description between C. H. Lawrence, Jr. and TFB
C. H. Lawrence, Jr. has an oral employment agreement with TFB to perform part-time duties, including business development, customer outreach, and conducting sales training for employees. In addition to his role as a director of Bankshares, Mr. Lawrence is compensated at a rate of $100 per hour for these services. The agreement outlines his responsibilities and payment terms but does not specify a fixed term or additional conditions.
Exhibit 10.20
DESCRIPTION OF EMPLOYMENT AGREEMENT WITH C. H. LAWRENCE, JR.
Pursuant to an oral agreement, Mr. Lawrence performs specific duties for TFB on a part-time basis in addition to his duties as a director of Bankshares. These duties include business development and one-on-one customer calling, and planning and conducting various sales training classes for TFB employees such as “Establishing Customer Relationships for Managers and Customer Sales Representatives,” “Building a Winning Sales Team,” and “Developing Teller Excellence.” Mr. Lawrence’s compensation for these part-time services is $100 per hour.
