American Financial Holdings Inc Sample Contracts

American Financial Holdings Inc – FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (November 12th, 2002)

EXHIBIT 10.5 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 1, 1999 BY AND BETWEEN ROBERT T. KENNEY AND AMERICAN FINANCIAL HOLDINGS, INC. EXHIBIT 10.5 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 1, 1999 BY AND BETWEEN ROBERT T. KENNEY AND AMERICAN FINANCIAL HOLDINGS, INC. WHEREAS, the Board of Directors of American Financial Holdings, Inc. (the "Company") entered into an employment agreement with Robert T. Kenney ("Executive") dated December 1, 1999 (the "Agreement"); and WHEREAS, the Company and Executive deem it appropriate to amend the Agreement to reflect prevailing industry practice and clarify certain terms of Executive's employment; and WHEREAS, Section 14 of

American Financial Holdings Inc – FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (November 12th, 2002)

EXHIBIT 10.7 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 1, 1999 BY AND BETWEEN ______________________________ AND AMERICAN FINANCIAL HOLDINGS, INC. EXHIBIT 10.7 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 1, 1999 BY AND BETWEEN ______________________________ AND AMERICAN FINANCIAL HOLDINGS, INC. WHEREAS, the Board of Directors of American Financial Holdings, Inc. (the "Company") entered into an employment agreement with _____________________ ("Executive") dated December 1, 1999 (the "Agreement"); and WHEREAS, the Company and Executive deem it appropriate to amend the Agreement to reflect prevailing industry practice and clarify certain terms of Executive's employment; and WHERE

American Financial Holdings Inc – FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (November 12th, 2002)

EXHIBIT 10.8 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED JANUARY 18, 2002, BY AND BETWEEN EARL T. YOUNG AND AMERICAN FINANCIAL HOLDINGS, INC. EXHIBIT 10.8 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED JANUARY 18, 2002, BY AND BETWEEN EARL T. YOUNG AND AMERICAN FINANCIAL HOLDINGS, INC. WHEREAS, the Board of Directors of American Financial Holdings, Inc. (the "Company") entered into an employment agreement with Earl T. Young ("Executive") dated January 18, 2002 (the "Agreement"); and WHEREAS, the Company and Executive deem it appropriate to amend the Agreement to reflect prevailing industry practice and clarify certain terms of Executive's employment; and WHEREAS, Section 14 of the Agreement provides that the Agreement may be modified or amended in writing signed

American Financial Holdings Inc – FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (November 12th, 2002)

EXHIBIT 10.2 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED JANUARY 18, 2002 BY AND BETWEEN WILLIAM E. SOLBERG AND AMERICAN SAVINGS BANK EXHIBIT 10.2 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED JANUARY 18, 2002 BY AND BETWEEN WILLIAM E. SOLBERG AND AMERICAN SAVINGS BANK WHEREAS, the Board of Directors of American Savings Bank (the "Bank") entered into an employment agreement with William E. Solberg ("Executive") dated January 18, 2002, (the "Agreement"); and WHEREAS, the Bank and Executive deem it appropriate to amend the Agreement to reflect prevailing industry practice and clarify certain terms of Executive's employment; and WHEREAS, Section 14 of the Agreement provides that the Agreement may be modified or amended in writing signed by both the Bank

American Financial Holdings Inc – FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (November 12th, 2002)

EXHIBIT 10.6 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED JANUARY 18, 2002, BY AND BETWEEN WILLIAM E. SOLBERG AND AMERICAN FINANCIAL HOLDINGS, INC. EXHIBIT 10.6 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED JANUARY 18, 2002, BY AND BETWEEN WILLIAM E. SOLBERG AND AMERICAN FINANCIAL HOLDINGS, INC. WHEREAS, the Board of Directors of American Financial Holdings, Inc. (the "Company") entered into an employment agreement with William E. Solberg ("Executive") dated January 18, 2002, (the "Agreement"); and WHEREAS, the Company and Executive deem it appropriate to amend the Agreement to reflect prevailing industry practice and clarify certain terms of Executive's employment; and WHEREAS, Section 14 of the Agreement provides that the Agreement may be modified or amended in wr

American Financial Holdings Inc – FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (November 12th, 2002)

EXHIBIT 10.4 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED JANUARY 18, 2002 BY AND BETWEEN EARL T. YOUNG AND AMERICAN SAVINGS BANK EXHIBIT 10.4 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED JANUARY 18, 2002 BY AND BETWEEN EARL T. YOUNG AND AMERICAN SAVINGS BANK WHEREAS, the Board of Directors of American Savings Bank (the "Bank") entered into an employment agreement with Earl T. Young ("Executive") dated January 18, 2002, (the "Agreement"); and WHEREAS, the Bank and Executive deem it appropriate to amend the Agreement to reflect prevailing industry practice and clarify certain terms of Executive's employment; and WHEREAS, Section 14 of the Agreement provides that the Agreement may be modified or amended in writing signed by both the Bank and Executi

American Financial Holdings Inc – FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (November 12th, 2002)

EXHIBIT 10.3 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 1, 1999 BY AND BETWEEN __________________________ AND AMERICAN SAVINGS BANK EXHIBIT 10.3 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 1, 1999 BY AND BETWEEN __________________________ AND AMERICAN SAVINGS BANK WHEREAS, the Board of Directors of American Savings Bank (the "Bank") entered into an employment agreement with _______________________ ("Executive") dated December 1, 1999 (the "Agreement"); and WHEREAS, the Bank and Executive deem it appropriate to amend the Agreement to reflect prevailing industry practice and clarify certain terms of Executive's employment; and WHEREAS, Section 14 of the Agreement provides that the Agreement may be modified or amended in writing signed by bot

American Financial Holdings Inc – FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (November 12th, 2002)

EXHIBIT 10.1 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 1, 1999 BY AND BETWEEN ROBERT T. KENNEY AND AMERICAN SAVINGS BANK EXHIBIT 10.1 FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 1, 1999 BY AND BETWEEN ROBERT T. KENNEY AND AMERICAN SAVINGS BANK WHEREAS, the Board of Directors of American Savings Bank (the "Bank") entered into an employment agreement with Robert T. Kenney ("Executive") dated December 1, 1999 (the "Agreement"); and WHEREAS, the Bank and Executive deem it appropriate to amend the Agreement to reflect prevailing industry practice and clarify certain terms of Executive's employment; and WHEREAS, Section 14 of the Agreement provides that

American Financial Holdings Inc – AGREEMENT AND PLAN OF MERGER (August 27th, 2002)

1 Exhibit 2.1 ================================================================================ AGREEMENT AND PLAN OF MERGER DATED AS OF AUGUST 22, 2002 BETWEEN BANKNORTH GROUP, INC., AND AMERICAN FINANCIAL HOLDINGS, INC. ================================================================================ 2 TABLE OF CONTENTS RECITALS ARTICLE I CERTAIN DEFINITIONS Page No. ------- 1.01. Certain Definitions..........................

American Financial Holdings Inc – NEWS RELEASE (January 29th, 2002)

1 EXHIBIT 99.1 PRESS RELEASE 2 NEWS RELEASE From: American Financial Holdings, Inc. Contacts: Cynthia B. Armstrong, Senior Vice President (860) 827-2523 Judith E. Falango, Vice President (860) 612-2711 AMERICAN FINANCIAL HOLDINGS, INC. ANNOUNCES PRELIMINARY ALLOCATION OF MERGER CONSIDERATION New Britain, Connecticut, January 7, 2002 - American Financial Holdings, Inc. (Nasdaq/NMS:AMFH) announced today the preliminary allocation of consideration that stockholders of American Bank of Connecticut (AMEX:BKC) would receive in the merger (after giving effect to elections made by stockholders by the election deadline and the proration and allocation methods in the merger agreement). Based on information provided by American Financial's exchange agent, American Bank stockholders who elected to receive cash will have their elections honored. It is anticipat

American Financial Holdings Inc – DIRECTORS STOCK OPTION PLAN (January 25th, 2002)

1 EXHIBIT 10.4 AMERICAN BANK OF CONNECTICUT DIRECTORS STOCK OPTION PLAN (AS ASSUMED BY AMERICAN FINANCIAL HOLDINGS, INC., EFFECTIVE JANUARY 18, 2002) 2 AMERICAN BANK OF CONNECTICUT DIRECTORS STOCK OPTION PLAN (AS ASSUMED BY AMERICAN FINANCIAL HOLDINGS, INC., EFFECTIVE JANUARY 18, 2002) 1. PURPOSE OF THE PLAN. The Plan shall be known as the American Bank of Connecticut Directors Stock Option Plan. The purpose of the Plan is to attract and retain the best available Directors for American Bank of Connecticut. 2. DEFINITIONS. As used herein, the following definitions shall apply. (a) "BANK" shall mean American Bank of Connecticut. (b) "BOARD" shall mean the Board of Directors of the Bank. (c) "COMMON STOCK" shall mean common stock, par value One Dollar ($1.00) per share, of

American Financial Holdings Inc – 1984 INCENTIVE STOCK OPTION PLAN (January 25th, 2002)

1 EXHIBIT 10.1 AMERICAN BANK OF CONNECTICUT 1984 INCENTIVE STOCK OPTION PLAN (AS ASSUMED BY AMERICAN FINANCIAL HOLDINGS, INC., EFFECTIVE JANUARY 18, 2002) 2 AMERICAN BANK OF CONNECTICUT WATERBURY, CONNECTICUT 1984 INCENTIVE STOCK OPTION PLAN (AS ASSUMED BY AMERICAN FINANCIAL HOLDINGS, INC., EFFECTIVE JANUARY 18, 2002) 1. PURPOSE OF THE PLAN. The Plan shall be known as the American Bank of Connecticut 1984 Incentive Stock Option Plan. The purpose of the Plan is to attract and retain the best available personnel for positions of substantial responsibility and to provide additional incentive to employees of the American Bank of Connecticut or any future Parent or Subsidiary of the Bank. It is intended that options issued pursuant to this Plan shall constitute Incentive Stock Options within the meaning of Section 422A o

American Financial Holdings Inc – STOCK OPTION ASSUMPTION AGREEMENT FOR AMERICAN BANK OF CONNECTICUT (January 25th, 2002)

1 EXHIBIT 10.6 FORM OF AMERICAN BANK OF CONNECTICUT STOCK OPTION ASSUMPTION AGREEMENT FOR AMERICAN BANK OF CONNECTICUT 1993 INCENTIVE STOCK OPTION PLAN 2 FORM OF AMERICAN FINANCIAL HOLDINGS, INC. STOCK OPTION ASSUMPTION AGREEMENT FOR THE AMERICAN BANK OF CONNECTICUT 1993 INCENTIVE STOCK OPTION PLAN OPTIONEE: [NAME] THIS STOCK OPTION ASSUMPTION AGREEMENT is hereby issued as of the ___ day of January, 2002, by American Financial Holdings, Inc., a Delaware corporation ("AMFH"). WHEREAS, the undersigned individual ("Optionee") holds one or more outstanding options to purchase shares of the common stock of American Bank of Connecticut ("ABC"), which were granted to Optionee under the American Bank of Connecticut 1993 Incentive Stock Option Plan (the "Plan"), and are evidenced by an award agreement or si

American Financial Holdings Inc – STOCK OPTION ASSUMPTION AGREEMENT FOR AMERICAN BANK OF CONNECTICUT (January 25th, 2002)

1 EXHIBIT 10.8 FORM OF AMERICAN BANK OF CONNECTICUT STOCK OPTION ASSUMPTION AGREEMENT FOR AMERICAN BANK OF CONNECTICUT DIRECTORS STOCK OPTION PLAN 2 FORM OF AMERICAN FINANCIAL HOLDINGS, INC. STOCK OPTION ASSUMPTION AGREEMENT FOR THE AMERICAN BANK OF CONNECTICUT DIRECTORS STOCK OPTION PLAN OPTIONEE: [NAME] THIS STOCK OPTION ASSUMPTION AGREEMENT is hereby issued as of the ___ day of January, 2002, by American Financial Holdings, Inc., a Delaware corporation ("AMFH"). WHEREAS, the undersigned individual ("Optionee") holds one or more outstanding options to purchase shares of the common stock of American Bank of Connecticut ("ABC"), which were granted to Optionee under the American Bank of Connecticut Directors Stock Option Plan (the "Plan"), and are evidenced by an award agreement or similar docu

American Financial Holdings Inc – 1998 INCENTIVE STOCK OPTION PLAN (January 25th, 2002)

1 EXHIBIT 10.3 AMERICAN BANK OF CONNECTICUT 1998 INCENTIVE STOCK OPTION PLAN (AS ASSUMED BY AMERICAN FINANCIAL HOLDINGS, INC., EFFECTIVE JANUARY 18, 2002) 2 AMERICAN BANK OF CONNECTICUT 1998 INCENTIVE STOCK OPTION PLAN (AS ASSUMED BY AMERICAN FINANCIAL HOLDINGS, INC., EFFECTIVE JANUARY 18, 2002) 1. PURPOSE OF THE PLAN. The Plan shall be known as the American Bank of Connecticut 1998 Incentive Stock Option Plan ("Plan"). The purpose of the Plan is to attract and retain the best available personnel for positions of substantial responsibility and to provide additional incentive to employees of the American Bank of Connecticut ("Bank") or any future parent or subsidiary of the Bank. It is intended that options issued pursuant to this Plan shall constitute incentive stock options within the meaning of Section 422 of the Internal Revenue Code

American Financial Holdings Inc – STOCK OPTION ASSUMPTION AGREEMENT FOR AMERICAN BANK OF CONNECTICUT (January 25th, 2002)

1 EXHIBIT 10.7 FORM OF AMERICAN BANK OF CONNECTICUT STOCK OPTION ASSUMPTION AGREEMENT FOR AMERICAN BANK OF CONNECTICUT 1998 INCENTIVE STOCK OPTION PLAN 2 FORM OF AMERICAN FINANCIAL HOLDINGS, INC. STOCK OPTION ASSUMPTION AGREEMENT FOR THE AMERICAN BANK OF CONNECTICUT 1998 INCENTIVE STOCK OPTION PLAN OPTIONEE: [NAME] THIS STOCK OPTION ASSUMPTION AGREEMENT is hereby issued as of the ___ day of January, 2002, by American Financial Holdings, Inc., a Delaware corporation ("AMFH"). WHEREAS, the undersigned individual ("Optionee") holds one or more outstanding options to purchase shares of the common stock of American Bank of Connecticut ("ABC"), which were granted to Optionee under the American Bank of Connecticut 1998 Incentive Stock Option Plan (the "Plan"), and are evidenced by an award agreement or sim

American Financial Holdings Inc – 1993 INCENTIVE STOCK OPTION PLAN (January 25th, 2002)

1 EXHIBIT 10.2 AMERICAN BANK OF CONNECTICUT 1993 INCENTIVE STOCK OPTION PLAN (AS ASSUMED BY AMERICAN FINANCIAL HOLDINGS, INC., EFFECTIVE JANUARY 18, 2002) 2 AMERICAN BANK OF CONNECTICUT 1993 INCENTIVE STOCK OPTION PLAN (AS ASSUMED BY AMERICAN FINANCIAL HOLDINGS, INC., EFFECTIVE JANUARY 18, 2002) 1. PURPOSE OF THE PLAN. The Plan shall be known as the American Bank of Connecticut 1993 Incentive Stock Option Plan ("Plan"). The purpose of the Plan is to attract and retain the best available personnel for positions of substantial responsibility and to provide additional incentive to employees of the American Bank of Connecticut ("Bank") or any future parent or subsidiary of the Bank. It is intended that options issued pursuant to this Plan shall constitute incentive stock options within the meaning of Section 422 of the Internal Revenue Co

American Financial Holdings Inc – STOCK OPTION ASSUMPTION AGREEMENT FOR AMERICAN BANK OF CONNECTICUT (January 25th, 2002)

1 EXHIBIT 10.5 FORM OF AMERICAN BANK OF CONNECTICUT STOCK OPTION ASSUMPTION AGREEMENT FOR AMERICAN BANK OF CONNECTICUT 1984 INCENTIVE STOCK OPTION PLAN 2 FORM OF AMERICAN FINANCIAL HOLDINGS, INC. STOCK OPTION ASSUMPTION AGREEMENT FOR THE AMERICAN BANK OF CONNECTICUT 1984 INCENTIVE STOCK OPTION PLAN OPTIONEE: [NAME] THIS STOCK OPTION ASSUMPTION AGREEMENT is hereby issued as of the ___ day of January, 2002, by American Financial Holdings, Inc., a Delaware corporation ("AMFH"). WHEREAS, the undersigned individual ("Optionee") holds one or more outstanding options to purchase shares of the common stock of American Bank of Connecticut ("ABC"), which were granted to Optionee under the American Bank of Connecticut 1984 Incentive Stock Option Plan (the "Plan"), and are evidenced by an award agreement or similar

American Financial Holdings Inc – AGREEMENT AND PLAN OF MERGER (July 24th, 2001)

1 ================================================================================ AGREEMENT AND PLAN OF MERGER DATED AS OF JULY 18, 2001 BY AND AMONG AMERICAN FINANCIAL HOLDINGS, INC., AMERICAN SAVINGS BANK AND AMERICAN BANK OF CONNECTICUT ================================================================================ 2 TABLE OF CONTENTS Page No. Introductory Statement.........................................................4 ARTICLE I The Merger.....................................................................5 Section 1.1. Structure of the Merger....................................5 Section 1.2. Effect on Outstanding Sh

American Financial Holdings Inc – STOCK OPTION AGREEMENT (July 24th, 2001)

1 AMERICAN BANK OF CONNECTICUT STOCK OPTION AGREEMENT STOCK OPTION AGREEMENT, dated as of July 18, 2001 ("Agreement"), by and between American Bank of Connecticut, a Connecticut chartered savings bank ("Issuer"), and American Financial Holdings, Inc., a Delaware corporation ("Grantee"). RECITALS A. THE AGREEMENT AND PLAN OF MERGER. Grantee and Issuer have entered into an Agreement and Plan of Merger, dated as of July 18, 2001 ("Merger Agreement"), providing for, among other things, the merger of Issuer with and into Grantee's wholly owned savings bank subsidiary, American Savings Bank ("ASB"), with ASB being the surviving institution. B. CONDITION TO AGREEMENT AND PLAN OF MERGER. As a condition and an inducement to Grantee's execution and delivery of the Merger Agreement, Grantee has required that Issuer agree, and Issuer has agreed, to grant Grantee the Option (as h

American Financial Holdings Inc – EMPLOYMENT AGREEMENT (March 29th, 2000)

EXHIBIT 10.1 AMERICAN SAVINGS BANK EMPLOYMENT AGREEMENT THIS AGREEMENT, effective December 1, 1999, by and between AMERICAN SAVINGS BANK (the "Institution" or the "Bank"), a state-chartered savings institution, with its principal administrative office at 178 Main Street, New Britain, CT 06051, AMERICAN FINANCIAL HOLDINGS, INC. (the "Holding Company"), a corporation organized under the laws of the state of Delaware and the holding company of the Institution, and ROBERT T. KENNEY ("Executive"). WHEREAS, the Institution wishes to continue to assure itself of the services of Executive for the period provided in this Agreement; and WHEREAS, Executive is willing to continue to serve in the employ of the Institution on a full-time basis in accordance with the terms of this Agreement. NOW, THEREFORE, in consideration of the mutual covenants

American Financial Holdings Inc – EMPLOYMENT AGREEMENT (March 29th, 2000)

EXHIBIT 10.2 AMERICAN SAVINGS BANK EMPLOYMENT AGREEMENT THIS AGREEMENT, entered into on December 1, 1999, by and between AMERICAN SAVINGS BANK (the "Institution" or the "Bank"), a state-chartered savings institution, with its principal administrative office at 178 Main Street, New Britain, CT 06051, AMERICAN FINANCIAL HOLDINGS, INC. (the "Holding Company"), a corporation organized under the laws of the state of Delaware and the holding company of the Institution, and CHARLES J. BOULIER III ("Executive"). WHEREAS, the Institution wishes to continue to assure itself of the services of Executive for the period provided in this Agreement; and WHEREAS, Executive is willing to continue to serve in the employ of the Institution on a full-time basis in accordance with the terms of this Agreement. NOW, THEREFORE, in consideration of the mutua

American Financial Holdings Inc – EMPLOYMENT AGREEMENT (March 29th, 2000)

EXHIBIT 10.6 AMERICAN FINANCIAL HOLDINGS, INC. EMPLOYMENT AGREEMENT THIS AGREEMENT, effective December 1, 1999, by and between AMERICAN FINANCIAL HOLDINGS, INC. (the "Holding Company"), a corporation organized under the laws of Delaware, with its principal administrative office at 102 West Main Street, New Britain, CT 06051 and ROBERT T. KENNEY ("Executive"). Any reference to "the Bank" herein shall mean AMERICAN SAVINGS BANK or any successor thereto. WHEREAS, the Holding Company wishes to continue to assure itself of the services of Executive for the period provided in this Agreement; and WHEREAS, Executive is willing to continue to serve in the employ of the Holding Company on a full-time basis in accordance with the terms of this Agreement. NOW, THEREFORE, in consideration of the mutual covenants herein contained, and upon the other t