EMPLOYMENT CONTRACT

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EXHIBIT 10.4
EMPLOYMENT CONTRACT

THIS EMPLOYMENT CONTRACT ("Contract") made and effective this 1st day of
January, 2007, by and between Todd C. Clark ("Employee") and UNITED BANK & TRUST
- WASHTENAW, 2723 S. State Street, P.O. Box 1127, Ann Arbor, Michigan 48106,
("Bank").

RECITALS

A. Bank is a wholly owned subsidiary of United Bancorp, Inc. ("UBI").

B. Bank desires to continue to employ Employee.

C. Employee desires to continue to be employed by Bank.

D. There is continued activity by multi-bank holding companies in the
acquisition of independent community banks, which often jeopardizes the
continued employment of senior officers of the acquired bank, and Bank
wishes to minimize the uncertainty and distraction caused by such activity,
which would detract from Employee's ability to perform his/her duties, by
providing Employee with some transition assistance if UBI or Bank is
acquired or if there is a change in control of UBI or Bank, or if
Employee's employment is terminated in anticipation of such an acquisition,
merger, change in control, or similar transaction.

NOW, THEREFORE, Bank and Employee hereby enter into this Employment
Contract on the following terms and conditions:

1. Employment. Bank hereby employs Employee, and Employee accepts this
employment and agrees to devote his/her full-time attention and energies to
the performance of his/her employment duties.

2. Term of Contract. This Contract shall be for a term of one (1) year
beginning January 1, 2007, unless terminated earlier pursuant to the
provisions of paragraph 3 and/or 6.

3. Payment Upon Termination in Certain Circumstances. If, other than for a
Change in Control, as defined in paragraph 7, below, Bank shall terminate
Employee's employment other than for "Cause," as defined in paragraph 6,
below, or by mutual agreement, Employee shall continue to receive his/her
regular salary (the salary in effect immediately prior to such termination)
and benefits (except for group carve out life insurance) for a period of
six (6) months. This continuation of salary and benefits shall immediately
cease if Employee secures employment before the end of the six (6) month
period.

4. Duties. The duties, responsibilities and authority of Employee shall be as
determined by Bank from time to time.

5. Compensation. Employee's annual salary for calendar year 2007 shall be
$170,000, unless adjusted pursuant to the following provisions:

a. It is contemplated that an annual bonus shall be paid. Employee will
be a Group 2 Participant in the Target Incentive Compensation Plan.

b. Employee shall receive the standard employee benefits of employees of
Bank.

c. Changes may be made to the salary and fringe benefits herein set forth
and such changes shall be set forth in Attachment A. Changes to the
salary and fringe benefits are effective only after Attachment A has
been signed by the Chairman of the Board of Bank and by the Employee.

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6. Termination for Cause. Bank may terminate this Contract for "Cause," such
termination to be immediate, without notice, at any time, and with
compensation and benefits only to the date of the termination of Employee.
The term "Cause" shall include the following enumerated and substantially
equivalent matters:

a. the death of Employee;

b. the disability of Employee rendering him unable to perform the
services required under the Contract for a period of 180 days;

c. known substance abuse by Employee;

d. felony conviction or plea (including a plea of guilty, nolo contendere
or similar plea) of Employee;

e. misdemeanor conviction or plea (including a plea of guilty, nolo
contendere or similar plea) of Employee, if the misdemeanor involves
moral turpitude;

f. Employee's repeated unprofessional, irresponsible or disruptive
language or conduct in the performance of his duties;

g. Employee's dishonesty, breach of professional or corporate ethics, or
criticism by a regulatory agency involving a serious violation of law
or regulations;

h. Employee's substantial breach of any significant term of this
Contract, including, but not limited to, continued unsatisfactory job
performance, or repeated uncooperative conduct.

7. Suspension. Bank may suspend the employment of Employee resulting in the
cessation of the performance of duties and the cessation of all
compensation and benefits, in accordance with the following provisions:

a. If criminal charges as described in subparagraph 6.d. and e. are made
against Employee, then Bank, acting in its discretion, may suspend
Employee for any period of time, provided that the suspension shall
end if such charges do not result in a conviction of a plea (of guilty
or nolo contendere, etc.) of either the original charge(s) or any
lessor charge(s).

b. If a regulatory agency criticizes Employee for regulatory violations
as set forth in paragraph 6.g. above, Bank shall have the discretion
to suspend Employee for any period of time, provided that if the
alleged violations are resolved in the Employee's favor, the
suspension shall end.

The discretion invested in Bank as set forth in this paragraph 7, shall be
exercised by the Chairman of its Board of Directors.

8. Failure to Meet Goals and Objectives. In the event of Employee's repeated
failure to meet goals and objectives which are established by the Board of
Directors of Bank from time to time, Employee's employment may be
terminated immediately, without notice, at any time, provided that Employee
shall continue to receive his/her regular salary and benefits for a period
of six (6) months in accordance with the provisions of paragraph 3, above.

9. Employee Responsibilities Following Termination. Termination of this
Contract shall not relieve Employee of his/her responsibilities to complete
any records, cooperate with Bank on any litigation, audits, regulatory
reviews, claims or investigations, and otherwise to fulfill all
responsibilities under this Contract which should have been rendered prior
to its termination.

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10. Change in Control. For purposes of this Contract, a Change in Control of
UBI or Bank shall be deemed to have occurred if:

a. there shall be consummated (i) any consolidation or merger of UBI in
which UBI is not the continuing or surviving corporation or pursuant
to which shares of UBI's common stock would be converted into cash,
securities or other property, other than a merger of UBI in which the
holders of UBI's common stock immediately prior to the merger have the
same proportionate ownership of common stock of the surviving
corporation immediately after the merger or (ii) any sale, lease,
exchange or other transfer (in one transaction or a series of related
transactions) of all, or substantially all, of the assets of UBI; or

b. the stockholders of UBI approved any plan or proposal for the
liquidation or dissolution of UBI; or

c. except for any Employee Stock Ownership Plan of UBI or its affiliates,
any person (as such term is used in Section 14(d)(2) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act")), shall become
the beneficial owner (within the meaning of Rule 13d-3 under the
Exchange Act) of twenty-five percent (25%) or more of UBI's
outstanding common stock.

d. fifty percent (50%) or more of the outstanding common stock of Bank is
not owned by UBI (unless the stock not owned by UBI was distributed to
its shareholders in a reorganization transaction).

11. Provisions Applicable in the Event of a Change in Control. If within twelve
(12) months following the effective date of a Change in Control, Employee's
employment is terminated by Bank (or a successor) for any reason (other
than for a cause described in subparagraphs 6.a, b, c,