Change of Control Letter Agreement Sample Contracts

CHANGE OF CONTROL LETTER AGREEMENT
Change of Control Letter Agreement • June 22nd, 2012 • Community Financial Shares Inc • Savings institution, federally chartered • Illinois

The Board of Directors of Community Bank-Wheaton/Glen Ellyn (the “Bank,” which reference shall include Community Financial Shares, Inc. (“CFS”), the holding company of the Bank, has determined that it is advisable and in the best interests of the Bank, CFS and its stockholders, to provide reasonable assurance to certain key employees that, upon a change of control of the Bank or of CFS, appropriate severance arrangements are in place in the event of the involuntary termination of your employment, other than for good cause as specified below.

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