EX-10.4
from 10-Q
1 page
Mr. Roger Arwood 7105 W. Augusta Blvd. Yorktown, Indiana 47396 Dear Roger: On Behalf of Gold Banc Corporation, Inc. (Gold Banc), I Am Pleased to Offer You the Position of President, Gold Bank – Kansas and Executive Vice President, Chief Business Banking Officer of Gold Banc. Details of Your Offer Include: • a Semi-Monthly Salary of $11,041.66, Which Annualizes to $265,000. • an Annual Bonus Opportunity, of Up to 55% of Your Base Salary, Based Upon the Company’s Performance and Your Performance. the Parameters for Obtaining This Bonus Will Be Established by Management, With Your Input, Upon Your Employment. • a Grant of 24,000 Shares of Restricted Stock and 16,000 Shares of Restricted Stock Units to Be Issued Following Approval at the Next Corporate Board of Directors Meeting. • Relocation Assistance Will Be Provided Per Gold Banc’s Relocation Policy. (A Copy of the Policy Is Enclosed.) • a Change of Control Agreement Will Be Provided That Will Allow for a Payment Equal to 1 Year of Base Salary in the Event That Your Employment Is Terminated Within 24 Months of a Corporate Change of Control. • Eligibility to Participate in Our Health and Welfare Plans, Once Eligibility Requirements Are Met. • Eligibility to Participate in the Company 401k Plan, Which Currently Provides a Match of $.50 on the $1.00 for the First 5% of Voluntary Contribution. • Eligibility to Participate in the Company’s Section 125 (Flexible Spending Accounts) for Medical and Dependent Care Expenses. • Life Insurance in the Amount of 5 Times Your Annual Salary to a Maximum of $400,000
12/34/56