First Amendment to Employment Agreement between Provident Community Bank, Provident Community Bancshares, Inc., and Executive

Summary

This amendment updates a previous employment agreement between Provident Community Bank, its holding company, and an executive to reflect the holding company's new name, Provident Community Bancshares, Inc. The only change is that all references to the company in the original agreement now refer to the new name. The amendment is effective upon signing by all parties.

EX-10.C 4 v143297_ex10c.htm
Exhibit 10(c)
 
FORM OF
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT

WHEREAS, Provident Community Bank (the “Bank”), Union Financial Bancshares, Inc. (the “holding company”) and ___________________ (the “Executive”) previously entered into an employment agreement, originally effective as of January 1, 2003 (the “Agreement”); and

WHEREAS, the parties desire to amend the Agreement to reflect the holding company’s name change from Union Financial Bancshares, Inc. to Provident Community Bancshares, Inc.; and

WHEREAS, Section 21 of the Agreement provides for its amendment by means of a written instrument signed by the parties.

NOW, THEREFORE, the parties hereby agree to amend the Agreement as follows:

First Change

All references to the Company in the Agreement shall refer to Provident Community Bancshares, Inc.

IN WITNESS WHEREOF, the Bank and the Company have caused this Amendment to the Agreement to be executed by their duly authorized officers, and the Executive has signed this Amendment, on the ___ day of __________________, 2007.
 
ATTEST:
 
PROVIDENT COMMUNITY BANK
       
   
By: 
 
     
For the Board of Directors
       
ATTEST:
 
PROVIDENT COMMUNITY BANCSHARES, INC.
       
   
By: 
 
     
For the Board of Directors
       
WITNESS:
 
EXECUTIVE