FIRST AMENDMENT
FIRSTBANK CORPORATION AFFILIATED
DEFERRED COMPENSATION PLAN
This
Amendment, executed this 26th day of May, 1998, by FIRSTBANK
CORPORATION (“Company”);
W I T N E S S E T H
WHEREAS, the
Company maintains the Firstbank Corporation Affiliated Deferred
Compensation Plan, which was amended and restated effective January
1, 1995; and
WHEREAS, the
Company wishes to add a new Section to the Plan;
NOW, THEREFORE, the
Company adds Section 8.6 to the plan to read as follows:
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8.6
Acquired Employers . Notwithstanding any provision of the
Plan to the contrary, upon acquisition of a business entity by the
Company, by way of merger, purchase or otherwise, the Board of
Directors may determine to transfer any liability or obligation for
deferred compensation, accrued while an individual was employed, by
the acquired entity to this Plan. In such event, the deferred
compensation shall be administered and shall be payable under the
terms of this Plan. To the extent the provisions of this Plan
differ from the provisions of the deferred compensation program
maintained by the acquired entity, such deferred compensation
program shall be deemed to be amended.
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IN WITNESS WHEREOF,
the Company has caused this instrument to be executed by a proper
officer the day and year first above written.
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FIRSTBANK
CORPORATION
BY: /s/ Mary D. Deci
——————————————
Mary D. Deci
Its: Secretary
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FIRST AMENDMENT
FIRSTBANK CORPORATION
AFFILIATED DEFERRED
COMPENSATION PLAN
This
Amendment, made this 26th day of March, 2001, to be effective
January 1, 2001, by Firstbank Corporation
(“Employer”):
W I T N E S S E T H
WHEREAS,
the Employer amended and restated its Affiliated Deferred
Compensation Plan on November 27, 1995, effective January 1, 1995;
and
WHEREAS,
the Employer deems it desirable to amend this plan; and
WHEREAS,
Section 7.1 empowers the Employer to amend the plan;
NOW,
THEREFORE, the Employer amends the plan as follows:
1.
Section 1.1 is amended by revising the definition of
“Compensation” to read as follows:
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“Compensation” means the fees paid
to a Director or, with respect to an Employee,
“compensation” as defined in the 401(k) Plan, plus
Elective Deferrals under this Plan.
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Except
as herein amended, the Employer ratifies the plan and
trust.
IN
WITNESS WHEREOF, the Employer has caused this instrument to be
executed by a proper officer the day and year first above
written.
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FIRSTBANK
CORPORATION
BY /s/ David L. Miller
————&mdash
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