Termination of Director Compensation Benefits Agreement Sample Contracts

TERMINATION OF DIRECTOR COMPENSATION BENEFITS AGREEMENT AND ACKNOWLEDGEMENT OF RELINQUISHMENT OF DIRECTOR COMPENSATION BENEFITS ACCRUED THEREUNDER

Termination of Director Compensation Benefits Agreement • July 7th, 2010 • Sonoma Valley Bancorp • National commercial banks • California

• Contract Type
  Termination of Director Compensation Benefits Agreement
• Filed
  July 7th, 2010
• Company
  Sonoma Valley Bancorp
• Industry
  National commercial banks
• Jurisdiction
  California

THIS TERMINATION OF DIRECTOR COMPENSATION BENEFITS AGREEMENT AND ACKNOWLEDGEMENT OF RELINQUISHMENT OF DIRECTOR COMPENSATION BENEFITS ACCRUED THEREUNDER (hereinafter “Termination and Relinquishment”) is entered into as of June 30, 2010 (“Effective Date”), by and between Sonoma Valley Bank, a California Corporation (hereinafter the “Company”) and the director designated below (“Participant Director”).