Letter Agreement Cancelling Change of Control Agreement between Horizon Bank, N.A. and Craig M. Dwight
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Summary
Horizon Bank, N.A. and Craig M. Dwight have agreed that Mr. Dwight's new employment agreement, dated December 1, 2006, replaces and cancels his previous change of control agreement from October 7, 1999. By signing this letter, Mr. Dwight acknowledges and accepts the cancellation of the earlier agreement. This letter serves as formal notice and acceptance of the change, effective immediately.
EX-10.2 3 hb_ik1201ex102.htm LETTER AGREEMENT Letter Agreement
Exhibit 10.2
[Horizon Bank, N.A. letterhead]
December 1, 2006
Mr. Craig M. Dwight
1412 N. Jonathan Court
La Porte, IN 46350
Dear Mr. Dwight,
This letter is to advise you that your employment agreement dated December 1, 2006 supercedes, cancels and replaces your change of control agreement dated October 7, 1999.
Please acknowledge below that you have read and accepted this cancellation of the aforementioned change of control agreement.
| Sincerely, /s/ Thomas H. Edwards | |
| Thomas Edwards President & Chief Operating Officer |
ACCEPTANCE
The undersigned hereby acknowledges that they have read this letter agreement, have retained a copy for their records and accept the terms as outlined above.
| /s/ Craig M. Dwight | December 1, 2006 | |
| Craig M. Dwight | Date |
