Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment with Elizabeth A. Conrado
Quaker City Bank and Elizabeth A. Conrado have agreed to renew and extend their existing Change in Control Agreement for a period of 24 months, effective until June 30, 2005. This acknowledgment confirms the Board of Directors' decision to continue the agreement, which outlines terms and protections for Ms. Conrado in the event of a change in control at the bank. The agreement is signed by both parties and formalizes the extension of her contractual rights and obligations.
Exhibit 10.20.2
Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Elizabeth A. Conrado dated July 1, 2003.
QUAKER CITY BANK
CHANGE IN CONTROL AGREEMENT
RENEWAL AND EXTENSION ACKNOWLEDGMENT
Name of Participant: Elizabeth A. Conrado
The undersigned participant 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 Change in Control Agreement with the undersigned participant to a full twenty-four (24) month term, until June 30, 2005.
Dated this 1st day of July , A.D., 2003 .
| QUAKER CITY BANK | ||||||||
| /s/ ELIZABETH A. CONRADO | By: | /s/ FREDERIC R. MCGILL | ||||||
| Participant | President | |||||||
