M&f Bancorp Inc /Nc/ Sample Contracts

RECITALS:
Employment Agreement • November 15th, 1999 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina
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RECITALS
Retention Bonus Agreement • November 15th, 1999 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina
EXHIBIT 99
Exhibit 99 • September 13th, 1999 • M&f Bancorp Inc /Nc/
AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • June 26th, 2009 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

WHEREAS, Kim D. Saunders (the “Executive”) is a party with M&F Bancorp, Inc. (the “Company”) and Mechanics and Farmers Bank, a wholly-owned subsidiary of the Company (the “Bank”), to an Employment Agreement, dated January 12, 2007 (the “Employment Agreement”);

SEPARATION AGREEMENT AND GENERAL RELEASE
Separation Agreement and General Release • January 24th, 2007 • M&f Bancorp Inc /Nc/ • State commercial banks

This Separation Agreement and General Release (“Agreement”) is entered into between M&F Bancorp, Inc., a holding company and corporation organized under the laws of the State of North Carolina (“Bancorp”) and its subsidiary, Mechanics & Farmers Bank, a corporation organized under the laws of the State of North Carolina (the “Bank”) (collectively referred to as “Employer”), and Ronald Wiley (“Executive”).

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • January 18th, 2007 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

THIS EMPLOYMENT AGREEMENT, made and entered into this 12th day of January, 2007, between M&F Bancorp, Inc., a holding company organized and existing under the laws of the State of North Carolina (“Bancorp”), and its subsidiary, Mechanics & Farmers Bank duly organized and existing under the laws of the State of North Carolina (the “Bank”), (collectively referred to as “Employer”), and Kim D. Saunders (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • August 14th, 2014 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

THIS EMPLOYMENT AGREEMENT, made and entered into this 11th day of August, 2014, between M&F Bancorp, Inc., a holding company organized and existing under the laws of the State of North Carolina (“Bancorp”), and its subsidiary, Mechanics & Farmers Bank, a commercial bank duly organized and existing under the laws of the State of North Carolina (the “Bank”) (collectively referred to as “Employer”), and James H. Sills III (the “Executive”).

Split Dollar Life Insurance Agreement with Lee Johnson, Jr. SPLIT DOLLAR LIFE INSURANCE AGREEMENT ENDORSEMENT METHOD
Split Dollar Life Insurance Agreement • May 16th, 2005 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

THIS SPLIT DOLLAR LIFE INSURANCE AGREEMENT (“Agreement”) is made this 2nd day of September, 2003, between Mechanics and Farmers Bank, a bank organized and existing under the laws of the State of North Carolina (the “Bank”), and Lee Johnson, Jr., an executive employee of the Bank or one of its subsidiary corporations (the “Executive”).

AGREEMENT AND PLAN OF REORGANIZATION AND MERGER BY AND AMONG M&F BANCORP, INC., MECHANICS & FARMERS BANK AND MUTUAL COMMUNITY SAVINGS BANK, INC., SSB August 9, 2007
Reorganization and Merger • August 10th, 2007 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

THIS AGREEMENT AND PLAN OF REORGANIZATION AND MERGER (the “Agreement”) is entered into as of the 9th day of August, 2007, by and among M&F BANCORP, INC. (“Bancorp”), MECHANICS & FARMERS BANK (“M&F Bank”), and MUTUAL COMMUNITY SAVINGS BANK, INC., SSB (“Mutual”).

M&F BANCORP, INC. and AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC as Rights Agent RIGHTS AGREEMENT Dated as of September 23, 2014 M&F BANCORP, INC. SHAREHOLDER RIGHTS AGREEMENT
Shareholder Rights Agreement • September 23rd, 2014 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

This SHAREHOLDER RIGHTS AGREEMENT, made and entered into as of September 23, 2014 (as amended, restated or otherwise modified from time to time in accordance herewith, this “Agreement”), by and between M&F Bancorp, Inc., a North Carolina corporation (together with its successors, the “Company”), and American Stock Transfer & Trust Company, LLC, a New York limited liability trust company, as Rights Agent (together with its permitted successors in such capacity, the “Rights Agent”).

Split Dollar Life Insurance Agreement with Ethel M. Small SPLIT DOLLAR LIFE INSURANCE AGREEMENT ENDORSEMENT METHOD
Dollar Life Insurance Agreement • May 16th, 2005 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

THIS SPLIT DOLLAR LIFE INSURANCE AGREEMENT (“Agreement”) is made this 17th day of September, 2003, between Mechanics and Farmers Bank, a bank organized and existing under the laws of the State of North Carolina (the “Bank”), and Ethel M. Small, an executive employee of the Bank or one of its subsidiary corporations (the “Executive”).

1 Exhibit 10
Employment Agreement • November 13th, 2000 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • September 27th, 2005 • M&f Bancorp Inc /Nc/ • State commercial banks

This Amendment (the “Amendment”) to the Employment Agreement dated May 9, 2005 (the “Employment Agreement”) is made by and between M&F Bancorp, Inc. (“M&F”), Mechanics and Farmers Bank (“Bank”) and Ronald Wiley (“Executive”) this 23rd day of September, 2005.

Contract
Employment Agreement • May 13th, 2005 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

THIS EMPLOYMENT AGREEMENT, made and entered into this 9th day of May, 2005, between M & F Bancorp, Inc. (“M & F,”) a holding company, chartered in the State of North Carolina, and its one subsidiary, Mechanics & Farmers Bank (“the Bank,”) duly organized and existing under the laws of the State of North Carolina, with its principal office at 2634 Chapel Hill Boulevard, Durham, North Carolina, 27707 and Ronald Wiley (“the Executive”).

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