Amendment to Employment Agreement of Walter E. Standish, III with the Company dated December 29, 2005.
Exhibit 10.8
Amendment to Employment Agreement of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III with the Company dated December 29, 2005.
Exhibit 10.8
Beach First National
Bancshares, Inc.
Amendment A
Amendment to employment contract dated February 24, 2004 by and between Beach First National Bancshares, Inc. and ▇▇▇▇ ▇▇▇▇▇▇▇▇ is hereby amended to read:
Current:
| 5 | Section 5 Bonus: The Executive will receive a minimum of five (5%) percent cash bonus, with the discretion of the executive committee by March 1 annually, of the net pre-tax income of the Bank for the prior year. As used in this Section “net pre-tax income” shall mean income computed according to generally accepted accounting principles for Beach First National Bancshares, Inc. |
Amended:
| 5 | Section 5 Bonus: The Executive will receive a minimum of five (5%) percent cash bonus, with the discretion of the executive committee by March 1 annually, of the net pre-tax income of Beach First National Bancshares, Inc. for the prior year. As used in this Section “net pre-tax income” shall mean income computed according to generally accepted accounting principles for Beach First National Bancshares, Inc. |
IN WITNESS WHEREOF, Company and the Executive have caused this instrument to be executed on the date December 29, 2005.
| Beach First National Bancshares, Inc. | |||||
| Witnesses: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III | ||||
| /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III | ||||
| ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | Its: Chairman | ||||
| Beach First National Bank | |||||
| ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III | |||||
| /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III | ||||
| ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | Its: Chairman | ||||
| Executive: | |||||
| ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III | |||||
| /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||||
| ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III | ||||
