Security Bancshares Inc /Sc/ Sample Contracts

Security Bancshares Inc /Sc/ – EMPLOYMENT AGREEMENT (December 14th, 2000)

EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into as of this 4th day of February, 2000 by and between Upstate Bancshares Corporation (the "Company"), and Marvin Boyd ("Employee"). WHEREAS the Company wishes to employ Employee under the terms set forth herein; WHEREAS Employee wishes to be employed by the Company under the terms set forth herein; NOW THEREFORE, in consideration of the respective covenants and agreements of the parties herein contained, and intending to be legally bound hereby, the Company and Employee agree as follows: 1. Definitions. The following terms shall have the corresponding definitions when used herein: Cause. Cause shall mean Poor Job Performance, fraud, gross negligence, dereliction of duties, intentional misconduct, intentional material damage to the property or business of the Company, or the commission of a felony (f