Document:

exv10wxb7y

 

Exhibit 10 (b7-1)

AMENDMENT TO THE

CAPITOL BANCORP, LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 21

     The Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan is hereby amended
effective January 25, 2005 adding the following participating employer at the end of the list
contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Point Loma Community Bank

	 	Bank
	 	California
	 	1/1/2005

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: January 25, 2005

	 	By:
	 	/s/ Joseph D. Reid
 

     Joseph D. Reid
	 	 
	 

	 	 	 	     Chairman and CEO	 	 
	 
	 	 	 	 	 	 
	 	 	POINT LOMA COMMUNITY BANK	 	 
	 
	 	 	 	 	 	 
	Dated: January 25, 2005

	 	By:
	 	/s/ Anthony Calabrese
 

     Anthony Calabrese
	 	 
	 

	 	 	 	     President and CEO	 	 

 

 

Exhibit 10 (b7-2)

AMENDMENT TO THE

CAPITOL BANCORP, LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 22

     The Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan is hereby amended
effective June 1, 2005 adding the following participating employer at the end of the list
contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Peoples State Bank

	 	Bank
	 	Georgia
	 	6/1/2005

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: June 8, 2005

	 	By:
	 	/s/ Joseph D. Reid
 

     Joseph D. Reid
	 	 
	 

	 	 	 	     Chairman and CEO	 	 
	 
	 	 	 	 	 	 
	 	 	PEOPLES STATE BANK	 	 
	 
	 	 	 	 	 	 
	Dated: June 8, 2005

	 	By:
	 	/s/ Steve D. Watts
 

     Steve D. Watts
	 	 
	 

	 	 	 	     President	 	 

 

 

Exhibit 10 (b7-3)

AMENDMENT TO THE

CAPITOL BANCORP, LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 23

     The Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan is hereby amended
effective July 1, 2005 adding the following participating employer at the end of the list
contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Bank of Michigan

	 	Bank
	 	Michigan
	 	7/1/2005

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: June 8, 2005

	 	By:
	 	/s/ Joseph D. Reid
 

     Joseph D. Reid
	 	 
	 

	 	 	 	     Chairman and CEO	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF MICHIGAN	 	 
	 
	 	 	 	 	 	 
	Dated: June 8, 2005

	 	By:
	 	/s/ George F. Mochmar
 

     George F. Mochmar
	 	 
	 

	 	 	 	     President and CEO	 	 

 

 

Exhibit 10 (b7-4)

AMENDMENT TO THE

CAPITOL BANCORP, LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 24

     The Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan is hereby amended
effective June 22, 2005 adding the following participating employer at the end of the list
contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Bank of Bellevue

	 	Bank
	 	Washington
	 	6/22/2005

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: June 22, 2005

	 	By:
	 	/s/ Cristin Reid English
 

     Cristin Reid English
	 	 
	 

	 	 	 	     Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF BELLEVUE	 	 
	 
	 	 	 	 	 	 
	Dated: June 22, 2005

	 	By:
	 	/s/ Andrew Barlass
 

     Andrew Barlass
	 	 
	 

	 	 	 	     President	 	 

 

 

Exhibit 10 (b7-5)

AMENDMENT TO THE

CAPITOL BANCORP, LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 25

     The Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan is hereby amended
effective July 12, 2005, 2005 adding the following participating employer at the end of the list
contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Bank of
Auburn Hills

	 	Bank
	 	Michigan
	 	7/12/2005

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: July 12, 2005

	 	By:
	 	/s/ Cristin Reid English
 

     Cristin Reid English
	 	 
	 

	 	 	 	     Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AUBURN HILLS	 	 
	 
	 	 	 	 	 	 
	Dated: July 12, 2005

	 	By:
	 	/s/ Neal Searle
 

     Neal Searle
	 	 
	 

	 	 	 	     President	 	 

 

 

Exhibit 10 (b7-6)

AMENDMENT TO THE

CAPITOL BANCORP, LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 26

     The Capitol Bancorp, Ltd. Employee Savings and Stock Ownership Plan is hereby amended
effective September 6, 2005 adding the following participating employer at the end of the list
contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Capitol Bancorp
Leasing, Inc.

	 	Leasing
	 	Michigan
	 	9/6/2005

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: September 6, 2005

	 	By:
	 	/s/ Cristin Reid English
 

     Cristin Reid English
	 	 
	 

	 	 	 	     Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LEASING, INC.	 	 
	 
	 	 	 	 	 	 
	Dated: September 6, 2005

	 	By:
	 	/s/ Lee Hendrickson
 

     Lee Hendrickson
	 	 
	 

	 	 	 	     Chief Financial Officerexv10wxd9y

 

Exhibit 10 (d9)

ELEVENTH AMENDMENT TO THE

CAPITOL BANCORP LIMITED

EMPLOYEE STOCK OWNERSHIP PLAN

     This Eleventh Amendment to the Capitol Bancorp Limited Employee Stock Ownership Plan
(“Plan”) is made pursuant to Article XI of the Plan.

     NOW, THEREFORE, effective January 1, 2005, the Plan is hereby amended as follows:

     Section 4.5 Contributions Made Under A Mistake Of Fact is added to the Plan and reads as
follows:

     4.5 Contributions Made Under A Mistake Of Fact: If a contribution is attributable in whole or
in part to a good faith mistake of fact, including a good faith mistake in determining the
deductibility of the contribution under Code §404, then an amount may be returned to the Employer
which is equal to the excess of the amount contributed over the amount which would have been
contributed had the mistake not occurred. Earnings attributable to any such excess contribution
will not be returned, but losses attributable to the excess contribution will reduce the amount so
returned. Such amount will be returned within one year of the date the contribution was made or the
deduction disallowed, as the case may be.

     IN WITNESS WHEREOF, this Eleventh Amendment to the Plan has been executed on this
5th day of May, 2005.

	 	 	 	 	 
	 

	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 
	 

	 	/s/ Cristin Reid English
 

Cristin Reid English
	 	 
	 

	 	Chief Operating Officerexv10wxd10y

 

Exhibit 10 (d10)

TWELFTH AMENDMENT TO THE

CAPITOL BANCORP LTD.

EMPLOYEE STOCK OWNERSHIP PLAN

     The Capitol Bancorp Ltd. Employee Stock Ownership Plan is hereby amended as follows, effective
as stated herein:

     1. Article VI of the Plan is amended effective for involuntary cashout distributions made
after March 27, 2005 by the addition of the following paragraph at the end thereof.

Involuntary Cashout Distributions. The provisions of this paragraph shall apply
notwithstanding any provisions of the Plan to the contrary. In the event of an
involuntary cashout distribution greater than $1,000 in accordance with the
provisions of Article VI, if the Participant does not elect to have such
distribution paid directly to an eligible retirement plan specified by the
Participant in a direct rollover or to receive the distribution directly in
accordance with Article VI, then the Plan Administrator will pay the distribution
in a direct rollover to an individual retirement plan designated by the Plan
Administrator. The foregoing direct rollover requirement shall apply with respect
to the entire amount of an involuntary cashout distribution. Thus, the portion of
the distribution attributable to a rollover contribution (including earnings
allocable thereto) within the meaning of Code Sections 402(c), 403(a)(4),
403(b)(7), 408(d)(3)(A)(ii) and 457(e)(16) shall be considered when determining
whether an involuntary cashout distribution is subject to the direct rollover
requirement, regardless of whether such amount is otherwise excludible for purposes
of determining the value of a Participant’s nonforfeitable account balance under
the Plan’s involuntary cashout provisions.

     2. The last two lines of the first paragraph of Section 6.4(b) shall be replaced with the
following effective January 1, 2005:

merger of Capitol Bancorp Ltd. with or into any other entity (except where Capitol
Bancorp Ltd. is the surviving entity, irrespective of the foregoing vesting
schedule.

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LTD.	 	 
	 
	 	 	 	 	 	 
	Dated: August 4, 2005

	 	By:
	 	/s/ Cristin Reid English
 

Cristin Reid English
	 	 
	 

	 	 	 	Chief Operating Officerexv10wxd11y

 

Exhibit 10 (d11)

THIRTEENTH AMENDMENT TO THE

CAPITOL BANCORP LTD.

EMPLOYEE STOCK OWNERSHIP PLAN

     The Capitol Bancorp Ltd. Employee Stock Ownership Plan is hereby amended effective July 1,
2005 by adding the following participating employer at the end of the list therein contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Napa Community Bank

	 	Banking Corp.
	 	California
	 	July 1, 2005

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: December 1, 2005

	 	By:
	 	/s/ Cristin Reid English	 	 
	 

	 	 	 	 

  Cristin Reid English
	 	 
	 

	 	 	 	  Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	NAPA COMMUNITY BANK	 	 
	 
	 	 	 	 	 	 
	Dated: December 1, 2005

	 	By:
	 	/s/ Dennis Pedisich	 	 
	 

	 	 	 	 

  Dennis Pedisich
	 	 
	 

	 	 	 	  President and CEOexv10wxqy

 

Exhibit 10(q)

CAPITOL BANCORP LTD.

RESTRICTED STOCK AGREEMENT

     THIS RESTRICTED STOCK AGREEMENT (this “Agreement”), is made effective as of the 1st
day of August, 2003, between Capitol Bancorp Ltd., a Michigan corporation (the “Corporation”) and
Joseph D. Reid (the “Employee”) and is made pursuant and subject to the provisions of the Capitol
Bancorp Ltd. Management Incentive Plan, which is incorporated herein by reference, and any future
amendments thereto (the “Plan”), a copy of which is attached. All terms used herein that are
defined in the Plan shall have the same meanings given them in the Plan.

     1. Award of Restricted Stock. The Corporation hereby awards to the Employee, subject
to the terms and conditions of the Plan and the provisions of this Agreement, 214,169 shares of
Common Stock of the Corporation (the “Restricted Stock”).

     2. Terms and Conditions. The award of the Restricted Stock hereunder is subject to
the following terms and conditions:

          (a) Contingent Vesting. The award of the Restricted Stock to the Employee is intended
to encourage the Employee to cause the operating earnings of the Corporation to grow by at least 5%
per calendar year. At each of the vesting dates set forth in paragraph 2(b), the Restricted Stock
will be eligible to vest only if the Corporation achieves a 5% annual growth in fully diluted
earnings per share based on operating income in at least one of the two preceding calendar years.
If the earnings growth requirement has not been met at any of the vesting dates set forth in
paragraph 2(b), all of the shares of the Restricted Stock eligible for vesting on that date shall
be cancelled.

          (b) Restricted Period. Except as provided in paragraphs 2(a) and 3, the Restricted
Stock shall vest and become nonforfeitable in accordance with the schedule set forth below:

	 	 	 	 	 	 	 	 	 
	 	 	5% Earnings	 	Percent of
	Date	 	Growth Requirement	 	Award Vested
	January 1, 2005
	 	2004 vs. 2003	 	 	20	%
	 
	 	or	 	 	 	 
	 
	 	2003 vs. 2002	 	 	 	 
	 
	January 1, 2006
	 	2005 vs. 2004	 	 	20	%
	 
	 	or	 	 	 	 
	 
	 	2004 vs. 2003	 	 	 	 
	 
	January 1, 2007
	 	2006 vs. 2005	 	 	20	%
	 
	 	or	 	 	 	 
	 
	 	2005 vs. 2004	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	5% Earnings	 	Percent of
	Date	 	Growth Requirement	 	Award Vested
	January 1, 2008
	 	2007 vs. 2006	 	 	20	%
	 
	 	or	 	 	 	 
	 
	 	2006 vs. 2005	 	 	 	 
	 
	January 1, 2009
	 	2008 vs. 2007	 	 	20	%
	 
	 	or	 	 	 	 
	 
	 	2007 vs. 2006	 	 	 	 

The period from the date hereof until the shares of the Restricted Stock have become 100% vested
shall be referred to as the “Restricted Period.”

          (c) Issuance of Certificates; Restrictive Legend. The stock certificate(s) evidencing
the Restricted Stock shall be issued and registered on the Corporation’s books and records in the
name of the Employee as soon as practicable following the date of this Agreement. The Corporation
shall retain physical possession and custody of each stock certificate representing the Restricted
Stock until such time as the Restricted Stock becomes vested in accordance with paragraph 2(b)
above. The Employee will deliver to the Corporation a stock power in substantially the form of
Exhibit A attached hereto, endorsed in blank, with respect to each award of the Restricted Stock.
Each stock certificate shall bear a restrictive legend in substantially the following form:

“The shares represented by this certificate are restricted and may be transferred
only in accordance with the Restricted Stock Agreement between Capitol Bancorp Ltd.
and Joseph D. Reid, dated August 1, 2003.”

     Upon the written request of the Employee following the vesting of any portion of the shares of
the Restricted Stock, the Corporation will promptly issue a stock certificate, without such
restrictive legend, with respect to the vested portion of the shares of the Restricted Stock
registered on the Corporation’s books and records in the name of the Employee. Following the
expiration of the Restricted Period, the Corporation will promptly issue a stock certificate,
without such restrictive legend, for any shares of the Restricted Stock that have vested and have
not been reissued without a restrictive legend as provided in the preceding sentence.

          (d) Transferability. During the Restricted Period, the Employee shall not sell,
assign, transfer, pledge, exchange, hypothecate, or otherwise dispose of unvested shares of the
Restricted Stock. Upon receipt by the Employee of stock certificate(s) representing vested shares
without a restrictive legend pursuant to paragraph 2(c) above, the Employee may hold or dispose of
the shares represented by such certificate(s), subject to compliance with (i) the terms and
conditions of the Plan and this Agreement and (ii) applicable securities laws of the United States
of America and the State of Michigan.

          (e) Shareholder Rights. Prior to any forfeiture of the shares of the Restricted Stock
and while such shares are restricted, the Employee shall, subject to the terms of this Agreement
and the restrictions of the Plan, have all rights of a shareholder with respect to the

2

 

shares of the Restricted Stock awarded hereunder, including the right to receive dividends and
other distributions as and when declared by the Board of Directors of the Corporation and the right
to vote the shares of the Restricted Stock.

          (f) Tax Withholding. The Corporation shall have the right to retain and withhold from
any award of the Restricted Stock, the amount of taxes required by any government to be withheld or
otherwise deducted and paid with respect to such award. At its discretion, the Corporation may
require the Employee receiving shares of the Restricted Stock to pay or otherwise reimburse the
Corporation in cash for any such taxes required to be withheld by the Corporation and withhold any
distribution in whole or in part until the Corporation is so paid or reimbursed. In lieu thereof,
the Corporation shall have the unrestricted right to withhold, from any other cash amounts due (or
to become due) from the Corporation to the Employee, an amount equal to such taxes required to be
withheld by the Corporation to reimburse the Corporation for any such taxes (or retain and withhold
a number of vested shares of the Restricted Stock, having a market value not less than the amount
of such taxes, and cancel in whole or in part any such shares so withheld, in order to reimburse
the Corporation for any such taxes).

     3. Death; Disability; Retirement; Termination of Employment. The shares of the
Restricted Stock not yet vested shall become 100% vested and transferable in the event that the
Employee dies or becomes permanently and total disabled (within the meaning of Section 3(a) of that
certain employment agreement between the Employee and the Company dated effective March 13, 2003
(the “Employment Agreement”)) while employed by the Corporation or an affiliate during the
Restricted Period. In the event that the Employee terminates his employment with the Corporation
for Good Reason (as defined in Section 3(c) of the Employment Agreement), or is terminated by the
Corporation other than for cause (as defined in Section 3(b) of the Employment Agreement) or
disability, the shares of the Restricted Stock not yet vested shall become 100% vested and
transferable. In all events other than those previously addressed in this paragraph, if the
Employee ceases to be an employee of the Corporation or an affiliate, the Employee shall be vested
only as to that percentage of shares of the Restricted Stock which are vested at the time of the
termination of his employment and the Employee shall forfeit the right to the shares of the
Restricted Stock which are not yet vested on the termination date. Unvested shares of the
Restricted Stock that are forfeited shall be immediately transferred to the Corporation without any
payment by the Corporation, and the Corporation shall have the full right to cancel any evidence of
the Employee’s ownership of such forfeited shares or take any other action necessary to demonstrate
that the Employee no longer owns such forfeited shares automatically upon such forfeiture.
Following such forfeiture, the Employee shall have no further rights with respect to such forfeited
shares.

     4. Change of Control or Capital Structure. Subject to any required action by the
shareholders of the Corporation, the number of shares of the Restricted Stock covered by this award
shall be proportionately adjusted and the terms of the restrictions on such shares shall be
adjusted as the Administrator shall determine to be equitably required for any increase or decrease
in the number of issued and outstanding shares of Common Stock of the Corporation resulting from a
stock split, reverse stock split, stock dividend, combination or reclassification of the Common
Stock, or any other increase or decrease in the number of issued shares of Common Stock effected
without receipt of consideration by the Corporation; provided, however, that

3

 

conversion of any convertible securities of the Corporation shall not be deemed to have been
“effected without receipt of consideration.” Such adjustment shall be made by the Board, whose
determination in that respect shall be final, binding and conclusive. Except as expressly provided
herein, no issuance by the Corporation of shares of stock of any class, or securities convertible
into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made
with respect to, the number of shares of Common Stock subject to this Agreement. In the event of a
Change of Control (as such term is defined in Exhibit D of the Employment Agreement), the shares of
the Restricted Stock not yet vested shall become 100% vested and transferable. In the event of a
change in the Common Stock of the Corporation as presently constituted, which is limited to a
change of all or part of its authorized shares without par value into the same number of shares
with a par value, or any subsequent change into the same number of shares with a different par
value, the shares resulting from any such change shall be deemed to be the Common Stock within the
meaning of the Plan. The award of the Restricted Stock pursuant to the Plan and this Agreement
shall not affect in any way the right or power of the Corporation to make adjustments,
reclassifications, reorganizations or changes of its capital or business structure or to merge or
to consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or
assets.

     5. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Michigan, except to the extent that federal law shall be
deemed to apply.

     6. Conflicts. In the event of any conflict between the provisions of the Plan and the
provisions of this Agreement, the provisions of the Plan shall govern. All references herein to
the Plan shall mean the Plan as amended.

     7. Employee Bound by Plan. The Employee hereby acknowledges receipt of a copy of the
Plan and agrees to be bound by all the terms and provisions thereof.

     8. Binding Effect. Subject to the limitations stated herein and in the Plan, this
Agreement shall be binding upon and inure to the benefit of the legatees, distributees, and
personal representatives of the Employee and the successors of the Corporation.

     IN WITNESS WHEREOF, this Agreement has been made effective as of the date first set forth
above.

	 	 	 	 	 	 
	THE EMPLOYEE:	 	/s/ Joseph D. Reid
	 	 	 
	 	 	Joseph D. Reid
	 
	 	 	 	 
	THE CORPORATION:	 	CAPITOL BANCORP LTD.,
	 	 	a Michigan corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Lee W. Hendrickson
	 

	 	 	 	 
	 

	 	 	 	Lee W. Hendrickson
	 

	 	Its:
	 	Chief Financial Officer

4

 

Exhibit 10(q)

EXHIBIT A

     FOR VALUE RECEIVED I, Joseph D. Reid, hereby sell, assign and transfer unto CAPITOL BANCORP
LTD., a Michigan corporation (the “Corporation”), Two Hundred Fourteen Thousand One Hundred
Sixty-nine (214,169) shares of the Common Stock of Capitol Bancorp Ltd. standing in my name on the
books of the Corporation represented by Certificate Nos. CBL 11522, CBL 11523, CBL 11524, CBL 11525
and CBL 11526 herewith and do hereby irrevocably constitute and appoint Brian K. English, Esq., or
his designee or successor, attorney to transfer the said stock on the books of the Corporation with
full power of substitution in the premises.

	 	 	 
	Dated: August 1, 2003
	 	 
	 
	 	 
	/s/ Joseph D. Reid
	 	 
	 

Joseph D. Reid

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