Rurban Financial Corp. Change in Control Agreements with Executive Officers (March 2006)

Contract Categories: Human Resources › Change of Control Agreements
Summary

Rurban Financial Corp. has entered into Change in Control Agreements with several of its executive officers, including Henry R. Thiemann, Jeffrey D. Sewell, and Mark K. Klein. These agreements, effective March 1, 2006, provide terms for the executives in the event of a change in control of the company. The agreements are substantially identical to a previously filed agreement with another executive. The main purpose is to outline the rights and protections for these executives if the company undergoes a significant ownership change.

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EX-10.14 7 l18773aexv10w14.txt EX-10.14 EXHIBIT 10.14 SCHEDULE A TO EXHIBIT 10.13 Rurban Financial Corp. (the "Registrant") has entered into Change in Control Agreements with the executive officers of the Registrant identified below, which Change in Control Agreements are substantially identical to the Change in Control Agreement, executed March 9, 2006 and effective as of March 1, 2006, by and between the Registrant and Duane L. Sinn, Executive Vice President and Chief Financial Officer of the Registrant, a copy of which was filed as Exhibit 10.13 to the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2005 (the "2005 Form 10-K"). In accordance with Rule 12b-31 promulgated under the Securities Exchange Act of 1934 and Item 601(b)(10)(iii) of Regulation S-K, the following table identifies those executive officers of the Registrant with whom the Registrant has entered into Supplemental Executive Retirement Agreements similar to that included as Exhibit 10.13 to the 2005 Form 10-K:
CURRENT OFFICES HELD WITH EFFECTIVE DATE EXECUTION DATE NAME THE REGISTRANT AND ITS SUBSIDIARIES OF AGREEMENT OF AGREEMENT Henry R. Thiemann President, Chief Executive Officer and March 1, 2006 March 9, 2006 Director of Exchange Bank; President, Chief Executive Officer and Director of RFCBC, Inc.; President and Director of Rurban Mortgage Company Jeffrey D. Sewell President, Chief Executive Officer and March 1, 2006 March 10, 2006 Director of Rurban Operations Corp.; Director of Rurbanc Data Services, Inc.; Director of Reliance Financial Services, N.A. Mark K. Klein President, Chief Executive Officer and March 1, 2006 March 9, 2006 Director of The State Bank and Trust Company and Director of Rurban Operations Corp.