Bay National Corp Sample Contracts

EXHIBIT 10.3
Employment Agreement • September 24th, 1999 • Bay National Corp • Maryland
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GUARANTEE AGREEMENT BAY NATIONAL CORPORATION Dated as of December 12, 2005
Guarantee Agreement • March 30th, 2006 • Bay National Corp • National commercial banks • New York

This GUARANTEE AGREEMENT (the “Guarantee”), dated as of December 12, 2005, is executed and delivered by Bay National Corporation, a bank holding company incorporated in the State of Maryland (the “Guarantor”), and Wilmington Trust Company, a Delaware banking corporation, as trustee (the “Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of Bay National Capital Trust I, a Delaware statutory trust (the “Issuer”).

EXHIBIT 10.9
Lease Agreement • September 24th, 1999 • Bay National Corp
EXHIBIT 99.2
Escrow Agreement • September 24th, 1999 • Bay National Corp • Maryland
EXHIBIT 10.7
Office Lease Agreement • September 24th, 1999 • Bay National Corp • Maryland
EMPLOYMENT AGREEMENT
Employment Agreement • June 6th, 2006 • Bay National Corp • National commercial banks • Maryland

THIS EMPLOYMENT AGREEMENT is made as of the 1st day of June, 2006, between Bay National Bank (the “Bank” or “Employer”), a national bank with a principal office in Baltimore County, Maryland and Richard C. Springer, a resident of the State of Maryland (the “Employee”).

EXHIBIT 10.8
Office Lease Agreement • September 24th, 1999 • Bay National Corp • Maryland
LEASE AGREEMENT COLUMBIA 100/ CORPORATE CENTER LEASE AGREEMENT (Office)
Lease Agreement • October 9th, 2007 • Bay National Corp • National commercial banks

THIS LEASE AGREEMENT (hereinafter called the "Lease"), made this 3rd day of October, 2007, by and between COLUMBIA 100, LLC (hereinafter called "Landlord"), and Bay National Bank, (hereinafter called "Tenant").

Bay National Corporation 2007 Stock Incentive Plan Stock Option Grant Agreement
Stock Option Grant Agreement • March 31st, 2009 • Bay National Corp • National commercial banks • Maryland

This Stock Option Grant Agreement (the “Agreement”) is entered into on [INSERT DATE], by and between Bay National Corporation, a Maryland corporation (the “Corporation”), and [INSERT OPTIONEE NAME] (the “Optionee”), effective as of [INSERT GRANT DATE] (the “Grant Date”).

CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE
Confidential Separation Agreement • August 14th, 2007 • Bay National Corp • National commercial banks • Maryland

This CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE (the “Agreement”) dated as of July 3, 2007, is entered into by and between BAY NATIONAL BANK, a Maryland corporation (the “Company”), and RICHARD C. SPRINGER (“Springer”). The Company and Springer may be individually referred to hereinafter as a “Party” or together as the “Parties.”

Terms of Employment Arrangement between Bay National Bank and Mark A. Semanie
Bay National Corp • March 28th, 2008 • National commercial banks

Mr. Semanie is employed on an at will basis at a rate of pay of $200,000 as of January 1, 2008. Mr. Semanie is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and is entitled to all benefits available to full time employees of Bay National Bank.

Terms of Employment Arrangement between Bay National Bank and Richard J. Oppitz
Bay National Corp • March 31st, 2009 • National commercial banks

Mr. Oppitz was employed on an at-will basis at a rate of pay of $157,500 as of September 5, 2008 until his termination effective January 7, 2009. While employed, Mr. Oppitz was also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and was entitled to all benefits available to full time employees of Bay National Bank.

EXHIBIT 10.3
Bay National Corp • March 29th, 2005 • National commercial banks

Mr. Semanie is employed on an at will basis at a rate of pay of $165,000 as of January 1, 2005. Mr. Semanie is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and is entitled to all benefits available to full time employees of Bay National Bank.

EXHIBIT 4.3
Bay National Corp • September 24th, 1999 • Maryland
Terms of Employment Arrangement between Bay National Bank and Richard J. Oppitz
Bay National Corp • March 28th, 2008 • National commercial banks

Mr. Oppitz is employed on an at will basis at a rate of pay of $175,000 as of January 1, 2008. Mr. Oppitz is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and is entitled to all benefits available to full time employees of Bay National Bank.

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Terms of Employment Arrangement between Bay National Bank and David E. Borowy
Bay National Corp • December 22nd, 2009 • National commercial banks

Mr. Borowy was retained effective November 17, 2008 and is employed on an at-will basis at a rate of pay of $150,000 as of November 2009. Mr. Borowy is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and is entitled to all benefits available to full time employees of Bay National Bank.

Terms of Employment Arrangement between Bay National Bank and Mark A. Semanie
Bay National Corp • March 31st, 2009 • National commercial banks

Mr. Semanie was employed on an at-will basis at a rate of pay of $180,000 as of September 5, 2008 until his resignation effective December 31, 2008. While employed, Mr. Semanie was also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and was entitled to all benefits available to full time employees of Bay National Bank.

Terms of Employment Arrangement between Bay National Bank and Richard J. Oppitz
Bay National Corp • April 2nd, 2007 • National commercial banks

Mr. Oppitz is employed on an at will basis at a rate of pay of $154,000 as of January 1, 2007. Mr. Oppitz is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and is entitled to all benefits available to full time employees of Bay National Bank.

Terms of Employment Arrangement between Bay National Bank and Jill Moraniec
Bay National Corp • March 31st, 2010 • National commercial banks

Ms. Moraniec was retained effective June 25, 2007 and was promoted to Chief Credit Officer, pending regulatory approval, in February 2009 (which approval was received June 30, 2009). Ms. Moraniec is employed on an at-will basis at a rate of pay of $105,000 as of October 17, 2009. Ms. Moraniec is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and was entitled to all benefits available to full time employees of Bay National Bank.

UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C.
Bay National Corp • May 1st, 2009 • National commercial banks

WHEREAS, Bay National Corporation, Lutherville, Maryland, (“Bay”), a registered bank holding company, owns and controls Bay National Bank, Lutherville, Maryland (the “Bank”), a national bank, and a nonbank subsidiary;

Terms of Employment Arrangement between Bay National Bank and Mark A. Semanie
Bay National Corp • March 30th, 2006 • National commercial banks

Mr. Semanie is employed on an at will basis at a rate of pay of $180,000 as of January 1, 2006. Mr. Semanie is also eligible for incentive bonuses at the discretion of the Compensation Committee of the Board of Directors, and is entitled to all benefits available to full time employees of Bay National Bank.

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