AMENDMENT TO EMPLOYMENT AGREEMENT AND WAIVER OF CERTAIN RIGHTS
Exhibit 10.2
AMENDMENT TO EMPLOYMENT AGREEMENT AND
WAIVER OF CERTAIN RIGHTS
THIS AGREEMENT is entered into on the date first set forth below, between Theresa Wasko (Employee), Riverview Bank (Bank), and Riverview Financial Corporation, (Corporation) (collectively, the parties).
2. The parties entered into an Employment Agreement on January 27, 2009 (Employment Agreement).
3. The parties wish to alter Employees job title and job duties.
4. Corporation and Bank agrees to pay Employee a total of $10,000 as a lump sum in exchange for the waiver below.
5. In exchange for good and valid consideration as outlined in Paragraph 3, and intending to be legally bound, Employee agrees to waive her rights under Paragraph 3(c) of the Employment Agreement insofar as it defines Good Reason to include the assignment of duties and responsibilities inconsistent with Executives status as CFO.
6. The parties further reaffirm that, in the event Employee is involuntarily terminated by Corporation and Bank without Causeother than where Corporation and Bank explicitly characterize the termination as a nonrenewal under Section 3 of the AgreementEmployees exclusive rights to further compensation or benefits are set forth in Sections 5, 6, and 7 of the Employment Agreement.
7. All other provisions of the Employment Agreement remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement.
ATTEST: | RIVERVIEW FINANCIAL CORPORATION | |||||||
By: | /s/ Scott A. Seasock | By: | /s/ Kirk D. Fox | |||||
Scott A. Seasock | Kirk D. Fox, Chief Executive Officer | |||||||
RIVERVIEW BANK | ||||||||
By: | /s/ Scott A. Seasock | By: | /s/ Kirk D. Fox | |||||
Scott A. Seasock | Kirk D. Fox, Chief Executive Officer | |||||||
WITNESS: | EXECUTIVE | |||||||
/s/ Scott A. Seasock | /s/ Theresa Wasko | |||||||
Scott A. Seasock | Theresa Wasko |