TWO RIVER BANCORP - FORM 10-Q - EX-10.2 - WILLIAM MOSS FIRST AMENDMENT EMPLOYMENT AGREEMENT - August 16, 2010

Attached files

file filename
EX-10.6 - THIRD AMENDMENT TO THE TWO RIVER COMMUNITY BANK SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT - TWO RIVER BANCORPex10_6.htm
EX-10.4 - FIRST AMENDMENT TO CHANGE IN CONTROL AGREEMENT - TWO RIVER BANCORPex10_4.htm
EX-10.3 - CHANGE IN CONTROL AGREEMENT - TWO RIVER BANCORPex10_3.htm
EX-10.1 - WILLIAM MOSS EMPLOYMENT AGREEMENT - TWO RIVER BANCORPex10_1.htm
EX-32 - TWO RIVER BANCORPex32.htm
EX-10.7 - CHANGE IN CONTROL AGREEMENT - TWO RIVER BANCORPex10_7.htm
EX-31.2 - TWO RIVER BANCORPex31_2.htm
EX-31.1 - TWO RIVER BANCORPex31_1.htm
10-Q - FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2010 - TWO RIVER BANCORPb81110010q.htm
EX-10.5 - SECOND AMENDMENT TO THE TWO RIVER COMMUNITY BANK SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT - TWO RIVER BANCORPex10_5.htm
Exhibit 10.2
 
First Amendment to Employment Agreement
 
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Agreement”) is made on and as of the 22nd day of July, 2010, by and between Community Partners Bancorp (“CPB”), a corporation organized under the laws of the state of New Jersey which serves as a bank holding company, with its principal office at 1250 Highway 35 South, Middletown, New Jersey 07748; Two River Community Bank (“TRCB”), a banking corporation organized under the laws of the state of New Jersey which is a wholly owned subsidiary of CPB, with its principal office at 1250 Highway 35 South, Middletown, New Jersey 07748; and William D. Moss  (“Executive”), whose business address is 1250 Highway 35 South, Middletown, New Jersey 07748.
 
WHEREAS, CPB, TRCB and Executive entered into that certain Employment Agreement dated May 28, 2010, which the parties wish to amend by the execution and delivery of this Agreement.
 
NOW, THEREFORE, for good and valuable consideration, which the parties to this Agreement acknowledge to be legally sufficient, CPB, TRCB and Executive, intending to be legally bound, agree that Section 9 of the Employment Agreement is amended by deleting from the second sentence of the first paragraph thereof the phrase “…on or before that date which is the later of (i) twenty (20) business days after the termination of employment, or (ii) the next regular banking business day following the actual effective date of the fully executed and delivered Release required under Section 14 of this Agreement as a condition precedent to the payment by Employer to Executive of any amount otherwise payable under this Section 9 (it being the intention of Employer and Executive that the payment of the Lump Sum Payment, as defined below, constitute a short term deferral within the meaning of Treas. Reg. Sec. 1.409A-1(b)(4)), pay Executive…”, and inserting in its stead the phrase “…subject to Executive’s full and timely tender of performance under Section 14 of this Agreement, pay to Executive on that date which is ninety (90) days after the termination of his employment…”.
 
IN WITNESS WHEREOF, CPB and TRCB have caused this First Amendment to Employment Agreement to be signed by their respective duly authorized representatives pursuant to the authority of their Boards of Directors, and Executive has personally executed this Agreement, all as of the day and year first written above.
 
 
 
 

WITNESS:
 
 
 
/s/ Bernice E. Kotza       
    
/s/ William D. Moss 
Bernice E. Kotza   
    
William D. Moss, individually

 
ATTEST:      COMMUNITY PARTNERS BANCORP
       
       
       
       
/s/ Michael W. Kostelnik     
   By: 
/s/ Charles T. Parton          
Michael W. Kostelnik, Secretary      
    
Charles T. Parton, Chairman

 
ATTEST:      TWO RIVER COMMUNITY BANK
       
       
       
       
/s/ Michael W. Kostelnik     
   By: 
/s/ Charles T. Parton          
Michael W. Kostelnik, Secretary      
    
Charles T. Parton, Chairman
 
 
 
 
 

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