EXECUTIVE EMPLOYMENT AGREEMENTRelease and Severance Agreement • September 28th, 2007 • Royal Financial, Inc. • Savings institutions, not federally chartered • Illinois
THIS AGREEMENT, made and entered into as of January 20, 2005 (the “Effective Date”), by and among Royal Financial, Inc. (hereinafter referred to as “Royal Financial”), Royal Savings Bank (the “Bank” and together with Royal Financial, hereinafter the “Employer”), and Andrew Morua (hereinafter called the “Executive”).
SEPARATION AGREEMENT AND RELEASESeparation Agreement and Release • September 28th, 2007 • Royal Financial, Inc. • Savings institutions, not federally chartered
This Separation Agreement and Release (“Agreement”) is entered into this 26th day of September, 2007 between DONALD A. MOLL (“Employee”) on one hand, and ROYAL FINANCIAL, INC. and ROYAL SAVINGS BANK (collectively, the “Company”) on the other hand. Employee and Company collectively are referred to herein as the “Parties.” This Agreement is made for good and valuable consideration, the receipt and sufficiency of which is acknowledged by the Parties.
