Notice of Non-Renewal of Executive Employment Agreement between Michael J. Bibak and the Corporation/Bank
This letter notifies Michael J. Bibak that his Executive Employment Agreement with the Corporation and the Bank, originally dated August 18, 2017, will not be renewed and will expire on September 30, 2019. The letter also reminds Mr. Bibak that he remains bound by non-competition, non-solicitation, confidentiality, and non-disclosure obligations, which continue even after the agreement ends.
Exhibit 10.2
June 29, 2018
Michael J. Bibak
687 Christians Drive
Harrisburg, PA 17112
Re: Notice of Non-Renewal of Executive Employment Agreement
Dear Michael:
This letter serves as Written Notice of the Corporation’s and Bank’s intention not to extend the term of your Executive Employment Agreement with the Bank and the Corporation, dated August 18, 2017, pursuant to Section 1.3(b) of that Agreement. Consequently, the Executive Employment Agreement will expire effective September 30, 2019.
We also remind you that you are a party to restrictive covenants regarding non-competition, non-solicitation, confidentiality and non-disclosure as set forth in Section 3 of your Executive Employment Agreement, and hat your obligations under those restrictive covenants survive the expiration of the term of the Executive Employment Agreement.
Sincerely,
| /s/ Kirk D. Fox |
| Chief Executive Officer |
