Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment with Jerrold S. Perisho (July 1, 2001)

Contract Categories: Human Resources › Change of Control Agreements
Summary

Quaker City Bank and Jerrold S. Perisho have agreed to renew and extend their existing Change in Control Agreement for a new term of 24 months, ending June 30, 2003. This acknowledgment confirms the Board of Directors' decision to continue the agreement, which outlines protections or benefits for Mr. Perisho in the event of a change in control at the bank. The agreement is signed by both Mr. Perisho and the bank's president.

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EX-10.16.2 11 dex10162.txt CHANGE IN CONTROL AGRMNT. WITH JERROLD S. PERISHO Exhibit 10.16.2 Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Jerrold S. Perisho dated July 1, 2001. QUAKER CITY BANK CHANGE IN CONTROL AGREEMENT RENEWAL AND EXTENSION ACKNOWLEDGMENT Name of Participant: Jerrold S. Perisho ---------------------------------------------------------- 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/ Jerrold S. Perisho By: /s/ Frederic R. McGill -------------------------- -------------------------- Participant President