Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Robert C. Teeling
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Summary
Quaker City Bank and Robert C. Teeling have agreed to renew and extend their existing Change in Control Agreement for a period of 24 months, until June 30, 2004. This acknowledgment confirms the Board of Directors' decision to continue the agreement, which outlines terms and protections for Mr. Teeling in the event of a change in control at the bank.
EX-10.11.8 8 dex10118.htm CHANGE IN CONTROL AGREEMENT W/ ROBERT C. TEELING Prepared by R.R. Donnelley Financial -- Change in Control Agreement w/ Robert C. Teeling
Exhibit 10.11.8
Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Robert C. Teeling dated July 1, 2002.
QUAKER CITY BANK
CHANGE IN CONTROL AGREEMENT
RENEWAL AND EXTENSION ACKNOWLEDGMENT
Name of Participant: Robert C. Teeling
The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 25, 2002, 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, 2004.
Dated this 1st day of July , A.D., 2002 .
| QUAKER CITY BANK | ||||||||
| /s/ ROBERT C. TEELING | By: | /s/ FREDERIC R. MCGILL | ||||||
| Participant | President | |||||||
