Quaker City Bank Three-Year Employment Agreement Renewal and Extension Acknowledgment with Frederic R. McGill

Contract Categories: Human Resources › Employment Agreements
Summary

Quaker City Bank and Frederic R. McGill have agreed to renew and extend McGill's employment agreement for a new three-year term, ending on June 30, 2006. This acknowledgment confirms the Board of Directors' decision to continue McGill's employment under the same agreement for the specified period. The document is signed by both McGill and the Executive Chairman of the Board.

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EX-10.6.9 3 dex1069.htm QCB CHANGE IN CONTROL AGREEMENT RENEWAL AND EXTENSION - FREDERIC R. MCGILL QCB Change in Control Agreement Renewal and Extension - Frederic R. McGill

Exhibit 10.6.9

 

Quaker City Bank Three Year Employment Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Frederic R. McGill dated July 1, 2003.

 

QUAKER CITY BANK

THREE YEAR EMPLOYMENT AGREEMENT

RENEWAL AND EXTENSION ACKNOWLEDGMENT

 

Name of Executive:    Frederic R. (Rick) McGill

 

The undersigned executive does hereby acknowledge that, at their regularly scheduled meeting on June 19, 2003, the Board of Directors of Quaker City Bank acted to renew and extend the Quaker City Bank Three Year Employment Agreement with the undersigned executive to a full thirty-six (36) month term, until June 30, 2006.

 

Dated this             1st             day of             July            , A.D.,             2003            .

 

   

      QUAKER CITY BANK

            /s/    FREDERIC R. MCGILL

  

By:

  

            /s/    JEROME L. THOMAS

Executive       Chairman of the Board