Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Karen A. Tannheimer (July 1, 2001)

Contract Categories: Human Resources › Change of Control Agreements
Summary

Quaker City Bank and Karen A. Tannheimer 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 the Board of Directors' decision to continue the agreement, which outlines protections or benefits for Ms. Tannheimer in the event of a change in control at the bank. Both parties have signed to confirm their acceptance of the extension and its terms.

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EX-10.10.7 8 dex10107.txt CHANGE IN CONTROL AGRMNT. WITH KAREN A. TANNHEIMER Exhibit 10.10.7 Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Karen A. Tannheimer dated July 1, 2001. QUAKER CITY BANK CHANGE IN CONTROL AGREEMENT RENEWAL AND EXTENSION ACKNOWLEDGMENT Name of Participant: Karen A. Tannheimer ----------------------------------------------------------- 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/ Karen A. Tannheimer By: /s/ Frederic R. McGill --------------------------- -------------------------- Participant President