EXHIBIT 10.18
CONSULTING AGREEMENT
This
Consulting Agreement (“Agreement”) is entered into
effective as of March 10, 2009, between G. Thomas Boylan
(“Consultant”) and Macatawa Bank Corporation, a
Michigan corporation (the “Corporation”).
WHEREAS,
Mr. Boylan has served as a director of the Corporation since its
inception and has valuable insight concerning the Corporation,
Macatawa Bank and the markets they serve;
WHEREAS,
the Corporation desires to have access to Consultant’s
services.
NOW
THEREFORE, the parties agree as follows:
1.
Consultant shall perform such services and provide such information
as the Chief Executive Officers of the Corporation may reasonably
request from time to time. In making any request for services, the
Corporation shall make reasonable efforts to provide Consultant
with sufficient advance notice. Consultant shall not be required to
provide a minimum number of hours.
2.
The term of this Agreement shall be April 24, 2009, through
February 28, 2010.
3.
The Corporation shall pay Consultant an aggregate consulting fee of
$70,850 to be paid pro rata in monthly payments during the term of
this Agreement.
4.&nb