0001193125-05-065209 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks • Virginia

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made as of February 11, 2004 by and between BANK OF THE COMMONWEALTH, a banking corporation organized under the laws of Virginia (the “Bank”), COMMONWEALTH BANKSHARES, INC., a Virginia corporation (the “Holding Company”) and Cynthia A. Sabol, CPA (the “Executive”); the Bank being sometimes hereinafter referred to as the “Employer”.

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AMENDED EMPLOYMENT AGREEMENT
Amended Employment Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks • Virginia

THIS AMENDED EMPLOYMENT AGREEMENT (“Agreement”) is made as of May 18, 2004, by and between BANK OF THE COMMONWEALTH, a banking corporation organized under the laws of Virginia (the “Bank”), COMMONWEALTH BANKSHARES, INC., a Virginia corporation (the “Holding “Company”) and SIMON HOUNSLOW (the “Executive”); the Bank being sometimes hereinafter referred to as the “Employer”.

DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH STEPHEN G. FIELDS
Deferred Supplemental Compensation Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 18TH day of May, 2004, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Stephen G. Fields (hereinafter called “Employee”).

THIRD AMENDED AND RESTATED DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH EDWARD J. WOODARD, JR.
Deferred Supplemental Compensation Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 20TH day of July, 2004, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Edward J. Woodard, Jr. (hereinafter called “Employee”).

AMENDED AND RESTATED DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH SIMON HOUNSLOW
Deferred Supplemental Compensation Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 18TH day of May, 2004, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Simon Hounslow (hereinafter called “Employee”).

DEFERRED SUPPLEMENTAL COMPENSATION AGREEMENT WITH CYNTHIA A. SABOL
Deferred Supplemental Compensation Agreement • March 30th, 2005 • Commonwealth Bankshares Inc • National commercial banks

This AGREEMENT made this 18th day of May, 2004, between the Bank of the Commonwealth, a Virginia banking corporation, Norfolk, Virginia (hereinafter called “Bank”) and Cynthia A. Sabol (hereinafter called “Employee”).

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