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Community Bank
of Tri-County
Salary Continuation Agreement
FIRST AMENDMENT
TO THE
COMMUNITY BANK OF TRI-COUNTY
SALARY CONTINUATION AGREEMENT
DATED AUGUST 21, 2006
FOR
GREGORY C. COCKERHAM
THIS FIRST
AMENDMENT is adopted this 16 day of April, 2007, by and between
Community Bank of Tri-County, a state-chartered commercial bank
located in Waldorf, Maryland (the “Company”) and
Gregory C. Cockerham (the “Executive”).
The Company and
the Executive executed the Salary Continuation Agreement on
August 21, 2006 effective January 1, 2006 (the
“Agreement”).
The undersigned
hereby amend the Agreement for the purpose of changing the
Disability and Change in Control benefit amounts. Therefore, the
following changes shall be made:
Section 2.3.1 of the Agreement shall be deleted in its
entirety and replaced with the following:
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2.3.1
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Amount of Benefit
. The benefit under this
Section 2.3 is the Disability Benefit set forth on
Schedule A for the Plan Year ending prior to Separation from
Service.
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Section 2.4.1 of the Agreement shall be deleted in its
entirety and replaced with the following:
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2.4.1
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Amount of Benefit
. The benefit under this
Section 2.4 is the Change in Control Benefit set forth on
Schedule A for the Plan Year ending prior to Separation from
Service.
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Section 2.4.2 of the Agre
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