Change in Control Agreement for Joseph J. MarcAurele, President and COO

Summary

This agreement is between the company and Joseph J. MarcAurele, its President and Chief Operating Officer. It outlines the terms that apply if there is a change in control of the company. Under the agreement, Mr. MarcAurele is entitled to receive a payment equal to three times his base salary and continued benefits for 36 months if certain conditions are met. The agreement is designed to provide financial security and benefits to the executive in the event of a significant change in the company's ownership or management.

EX-10.1 2 exhibit10-1.htm EXHIBIT 10.1 TO FORM 10-Q FOR QUARTER ENDED SEPTEMBER 30, 2009 exhibit10-1.htm

EXHIBIT 10.1

The form of Change in Control Agreement (the “Agreement”), filed as Exhibit 10.2 to the Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2009, contains blanks where the multiple of the executive’s base amount and the term of continued benefits provided under the Agreement vary for certain executives. The executive officer who entered into the Agreement, the multiple of the executive’s base amount and the term of continued benefits provided under the Agreement are listed in the following chart:

	Number of Times Base Amount	Term of Continued Benefits
Executive Officer / Title	Section (4 a)	Section (4 b)

Joseph J. MarcAurele
President and Chief Operating Officer of the Bancorp and the Bank	3 times	36 months