Chief Financial Officer Resignation Letter – Sun American Bancorp and Robert Nichols (March 31, 2010)

Contract Categories: Human Resources › Separation Agreements
Summary

Robert Nichols submitted his resignation as Chief Financial Officer, Treasurer, and Corporate Secretary of Sun American Bancorp, effective March 31, 2010. The letter is addressed to Michael E. Golden, the company's President and CEO. Nichols states he is leaving to pursue other interests. No additional terms, conditions, or obligations are specified in the letter.

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EX-10.2 3 samb_ex102.htm CHIEF FINANCIAL OFFICER RESIGNATION LETTER DATED MARCH 31, 2010. Sun American Bancorp

Exhibit 10.2


March 31, 2010


Mr. Michael E. Golden

President and Chief Executive Officer

Sun American Bancorp

9293 Glades Road

Boca Raton, FL 33434

Dear Mr. Golden;

Please accept this letter as my resignation as Chief Financial Officer, Treasurer and Corporate Secretary of Sun American Bancorp effective March 31, 2010.

I have enjoyed my time with the Company but have decided to pursue other interests at this time.

Sincerely,


Robert Nichols