Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Harold Rams (July 1, 2001)
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Summary
Quaker City Bank and Harold Rams have agreed to renew and extend their existing Change in Control Agreement for a new term of 24 months, ending on June 30, 2003. This acknowledgment confirms that the bank's Board of Directors approved the extension at a meeting on June 21, 2001. The agreement outlines protections or terms for Harold Rams in the event of a change in control at Quaker City Bank.
EX-10.8.7 6 dex1087.txt CHANGE IN CONTROL AGREEMENT WITH HAROLD RAMS Exhibit 10.8.7 Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Harold Rams dated July 1, 2001. QUAKER CITY BANK CHANGE IN CONTROL AGREEMENT RENEWAL AND EXTENSION ACKNOWLEDGMENT Name of Participant: Harold Rams ------------------------------------------ The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 21, 2001, 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, 2003. Dated this 1st day of July , A.D., 2001 . --- --- ------ ---------- ---- --------- QUAKER CITY BANK /s/ Harold Rams By: /s/ Frederic R. McGill -------------------- -------------------------- Participant President
