Document:

EXHIBIT 10.17
                                CHANGE OF CONTROL
                              EMPLOYMENT AGREEMENT

         This EMPLOYMENT AGREEMENT is made as of the 24th of June, 2002, between
POINTE FINANCIAL CORPORATION, a Florida Corporation (the "Corporation"), POINTE
BANK, a state-chartered commercial bank ("Bank"), and JEAN MURPHY-ENGLER
("Officer"), an officer of the Bank and the Corporation.

         WHEREAS, Officer is employed by the Bank and the Corporation and
currently holds the position of EXECUTIVE VICE PRESIDENT/CHIEF OPERATING
OFFICER; and

         WHEREAS, Officer has made and is expected to continue to make a
significant contribution to the management, profitability, and growth of the
Bank, and, consequently, of the Corporation; and

         WHEREAS, Officer possesses an intimate knowledge of the Bank's business
and affairs, including its policies, plans, methods, personnel and problems; and

         WHEREAS, the Bank considers the continued employment of Officer to be
in the best interests of the Bank, the Corporation, and the shareholders of the
Corporation, and desires to assure itself of Officer's continued services on an
objective and impartial basis and without distraction or conflict of interest in
the event of any efforts to effect a change of ownership or control of the
Corporation; and

         WHEREAS, Officer is willing to remain in the employ of the Bank upon
the understanding that it will provide her with income security in the event her
employment should be terminated without cause, or by her for good reason,
following a change in control of the Corporation, upon the terms and conditions
provided herein.

         NOW, THEREFORE, in consideration of the foregoing, the Bank and Officer
agree as follows:

         1. Operation of Agreement. This Agreement shall be effective
immediately upon its execution. Nevertheless, the Bank will be obligated to
provide Officer the compensation and benefits described in Section 5 only upon
the occurrence of a "Change in Control" of the Corporation. Upon such a Change
in Control, all provisions of this Agreement shall become operative immediately.

         2. Change in Control. A "Change in control" of the Corporation shall be
deemed to have occurred if:

         (a)      the shareholders of the Corporation approve a merger or
                  consolidation of the Corporation with any other corporation,
                  other than (A) a merger or consolidation which would result in
                  the voting securities of the Corporation outstanding
                  immediately prior thereto continuing to represent (either by
                  remaining outstanding or by being converted into voting
                  securities of the surviving or parent entity) 50% or more of
                  the combined voting power of the voting securities of the
                  Corporation, or such surviving or parent entity, outstanding
                  immediately after such merger or consolidation, or (B) a
                  merger or consolidation effected to implement a
                  recapitalization of the Corporation (or similar transaction)
                  in which no "person" (as herein below defined) acquired 50% or
                  more of the combined voting power of the Corporation's then
                  outstanding securities; or

         (b)      the shareholders of the Corporation approve a plan of complete
                  liquidation of the Corporation or an agreement for the sale or
                  disposition by the Corporation of all or substantially all of
                  the Corporation's assets (or any transaction having a similar
                  effect); or

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         (c)      any "person" (as such term is defined in Sections 13(d) and
                  14(d)(2) of the Securities Exchange Act of 1934, as amended
                  [the "Exchange Act"]) or group of persons, excluding the
                  Corporation and any of its subsidiaries, and other than
                  Clarita Kassin or Morris Massry or a group acting in concert
                  with them, shall have acquired direct or indirect beneficial
                  ownership (within the meaning of Rule 13d-3 under the Exchange
                  Act) of securities of the Corporation representing 25% or more
                  of the voting power of the Corporation's then outstanding
                  securities; or

         (d)      during any one year period, subsequent to the date hereof, the
                  individuals who at the beginning of such period constitute the
                  Board of Directors of Corporation or Bank cease for any reason
                  to constitute at least a majority thereof, unless the
                  election, or the nomination for election by the Corporation's
                  shareholders, of each new director was approved by a vote of
                  at least two-thirds of the directors then still in office who
                  were directors at the beginning of the period.

         3. Effect of Agreement Prior to a Change in Control; Termination of
Agreement Prior to a Change in Control.

         (a)      The Bank's employment rights and obligations with respect to
                  Officer are not affected by this Agreement prior to the
                  occurrence of any event which constitutes a Change in Control
                  of the Corporation.

         (b)      This Agreement shall remain in full force and effect unless
                  and until;

                  (i)      it is terminated by the written agreement of the
                           parties hereto; or

                  (ii)     the employment of the Officer with the Bank and its
                           subsidiaries and affiliates is terminated by the
                           Officer or by the Bank and its subsidiaries and
                           affiliates, for any reason, prior to a Change in
                           Control of the Corporation, in which case this
                           Agreement shall terminate concurrently with the
                           termination of employment.

Nothing contained in this Agreement shall be deemed to require or imply any
obligation on the part of the Officer to continue in the employment of the Bank
of any of its subsidiaries or affiliates prior to or following a Change in
Control of the Corporation, or to require or imply any right on the part of the
Officer to continue in the employment of the Bank, the Corporation or any of
their subsidiaries or affiliates prior to a Change in Control; or to limit in
any way the right of the Bank to terminate the employment of the Officer, with
or without cause, at any time prior to a Change in Control of the Corporation.

         4. Termination Following a Change in Control. Following the occurrence
of any event which constitutes a Change in Control of the Corporation, the
provisions hereinafter set forth shall apply:

         (a)      Death. If Officer dies prior to Notice of Termination being
                  given, her rights under this Agreement shall terminate upon
                  her death.

         (b)      Disability. The Bank may terminate Officer's employment under
                  this Agreement if, as a result of her incapacity due to
                  accident or illness, Officer shall have been absent from her
                  duties with the Bank on a full time basis for 150 consecutive
                  business days and, within 30 days after written Notice of
                  Termination is given by the Bank, she shall not have returned
                  to the full time performance of her duties.

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         (c)      Cause. The Bank may terminate Officer's employment under this
                  Agreement for Cause. For purposes of this Agreement, the Bank
                  shall have "Cause" to terminate Officer's employment if she:

                  (i)      engages in one or more acts constituting a felony, or
                           involving fraud or serious moral turpitude;

                  (ii)     willfully refuses (except by reason of incapacity due
                           to accident or illness) to perform substantially her
                           duties, provided that such refusal shall have
                           resulted in demonstrable material injury to the Bank
                           or its affiliates or subsidiaries; or

                  (iii)    willfully engages in gross misconduct materially
                           injurious to the Bank or its affiliates or
                           subsidiaries.

For purposes of this Agreement, no act or failure to act on Officer's part shall
be considered "willful" unless done, or omitted to be done, in bad faith and
without reasonable belief that her action or omission was in, or not opposed to,
the best interest of the Bank, its affiliates and subsidiaries.

Notwithstanding the foregoing, Officer shall not be deemed to have been
terminated for Cause unless and until the Bank shall have delivered to her a
copy of a resolution duly adopted by the affirmative vote of a majority of the
entire membership of the Board of Directors of the Bank at a meeting called and
held for that purpose, after reasonable notice to Officer and an opportunity for
her, together with counsel, to be heard before the Board, finding that in the
good faith opinion of the Board she was guilty of conduct set forth above in
subparagraphs (i), (ii), or (iii) of this paragraph, and specifying the
particulars thereof in detail.

If Officer is terminated for Cause while discussions are underway between
Corporation and a potential acquirer or merger partner and those discussions
result in a Change in Control, Officer will be entitled to the termination
benefits provided in Section 5 of this Agreement if it is determined through
arbitration or litigation that Officer was wrongfully discharged. Officer shall
be entitled to reimbursement for all reasonable costs, including attorney's
fees, incurred in successfully challenging such discharge, only if the Officer
is the prevailing party in such action.

         (d)      Voluntary Termination by the Officer. Officer may terminate
                  her employment under this Agreement for Good Reason. For
                  purposes of this Agreement, "Good Reason" shall be deemed to
                  exist under any of the following circumstances:

                  (i)      Officer has been assigned any duties inconsistent
                           with her position, duties, responsibilities and
                           status with the Bank or the Corporation immediately
                           prior to a Change in Control, or has been assigned
                           reporting responsibilities of a lesser scope than
                           those in effect immediately prior to a Change in
                           Control, or she has been removed from, or not
                           re-elected to, any of such positions, except in
                           connection with the termination of her employment for
                           Cause; or

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                  (ii)     the Bank or Corporation has reduced Officer's base
                           salary as in effect immediately prior to a Change in
                           Control or as the same may be increased thereafter
                           from time to time, or has failed to give her annual
                           salary increases consistent with performance review
                           ratings as compared with other employees of the same
                           or similar rank; or

                  (iii)    the Bank or Corporation has required Officer to be
                           based anywhere other than the Bank's principal
                           executive offices in Boca Raton, Florida, or such
                           other location in Florida where Officer was based
                           immediately prior to a Change in Control, except for
                           required travel on the Bank's or the Corporation's
                           business to an extent substantially consistent with
                           her previous business travel obligations, or in the
                           event she consents to any such relocation, the Bank
                           has failed to pay (or reimburse her for) all
                           reasonable moving expenses incurred; or

                  (iv)     the Bank or Corporation has failed to continue in
                           effect any benefit, retirement or compensation plan,
                           thrift and savings plan, stock bonus, stock
                           option/stock appreciation rights plan, life insurance
                           plan, health plan, dental plan or disability plan in
                           which Officer is participating at the time of a
                           Change in Control of the Corporation (or plans
                           providing substantially similar benefits), or the
                           Bank or the Corporation has taken any action which
                           would adversely affect her participation in or
                           materially reduce her benefits under any of such
                           plans or deprive her of any material fringe benefit
                           or perquisite enjoyed by her at the time of the
                           Change in Control, or the Bank has failed to provide
                           her with the number of paid vacation days or sick
                           days to which she is entitled in accordance with the
                           Bank's normal vacation or sick pay policies in effect
                           prior to the Change in Control.

         (e)      Notice of Termination. Any termination of Officer's employment
                  shall be communicated by written Notice of Termination to the
                  other party to this Agreement specifying in the "Termination
                  Date". For purposes of this Agreement, a "Notice of
                  Termination" shall mean a notice which shall indicate the
                  specific termination provision in this Agreement (if any)
                  relied upon and shall set forth in reasonable detail the facts
                  and circumstances claimed to provide a basis for termination
                  of Officer's employment under the provision so indicated. The
                  Board resolution adopted pursuant to paragraph (c) above may
                  constitute Notice of Termination under such provision.

         (f)      Effect of Agreement on Other Rights. This Agreement shall not
                  diminish or increase other rights Officer (or her estate,
                  survivors, or heirs) may have under any other contract,
                  employee benefit plan or policy of the Bank except as
                  expressly provided in this Agreement.

         5. Compensation and Benefits Following Termination. If the Bank should
terminate the employment of the Officer, other than for Disability pursuant to
subparagraph 4(b) hereof or for Cause pursuant to subparagraph 4(c) hereof, or
if Officer should terminate her employment for Good Reason pursuant to
subparagraph 4(d) hereof, during the two-year period following the occurrence of
an event constituting a Change of Control or the Corporation, then the Bank
shall provide Officer the following severance pay and benefits:

         (a)      Salary through Termination Date. The Bank shall pay Officer
                  her full base salary through the Termination Date at the
                  monthly rate in effect at the time that Notice of Termination
                  is given, together with an amount equal to the product of (x)

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                  a fraction, the numerator of which is the number of days in
                  the year of termination preceding the Termination Date and the
                  denominator of which is 360, and (y) the greater of the
                  following amounts.

                  (i)      one-third (1/3) of the aggregate bonuses paid or
                           payable to the Officer during the most recent three
                           full fiscal years; or

                  (ii)     the total of all bonus payments to which the Officer
                           would be entitled with respect to the year of
                           termination, projecting, on an appropriate basis, the
                           Corporation's actual performance from the beginning
                           of the applicable performance period or periods
                           through the end of the month preceding the
                           Termination Date, to the end of the applicable
                           performance period or periods, and assuming, where
                           applicable, that the Officer is entitled to the
                           maximum award potentially available under the
                           applicable bonus plans or other arrangements.

         (b)      Severance Pay. The Bank shall pay Officer monthly following
                  her Termination Date, for a period of two (2) years, an amount
                  equal to the sum of Officer's full base salary at the monthly
                  rate in effect at the time that Notice of Termination is
                  given, plus one-twelfth (1/12) of the greater of the following
                  amounts.

                  (i)      one-third (1/3) of the aggregate bonuses paid or
                           payable to the Officer during the most recent three
                           full fiscal years; or

                  (ii)     the total of all bonus payments to which the Officer
                           would be entitled with respect to the year of
                           termination, projecting, on an appropriate basis, the
                           Corporation's actual performance from the beginning
                           of the applicable performance period or periods
                           through the end of the month preceding the
                           Termination Date, to the end of the applicable
                           performance period or periods, and assuming, where
                           applicable, that the Officer is entitled to the
                           maximum award potentially available under the
                           applicable bonus plans or other arrangements; or

                  (iii)    The total of all minimum awards potentially payable,
                           with respect to the year of termination, under all
                           applicable bonus plans or other arrangements.

In no event shall the total compensation paid to the Officer upon the
termination of her employment in connection with a Change in Control exceed the
amount permitted by Section 280G of the Internal Revenue Code (as amended).

         (c)      Insurance Benefits. The Corporation or the Bank, as the case
                  may be, shall maintain in full force and effect for two years
                  after the Termination Date all employee life, health, dental,
                  accident, disability, medical, and other employee welfare
                  benefit plans, programs, or arrangements, including
                  participation in the 401(k) program and Corporation match,
                  (other than benefits under any supplemental retirement plan of
                  the Corporation or the Bank in which Officer was participating
                  immediately prior to Notice of Termination being given)
                  provided that her continued participation is possible under
                  the terms and provisions of such plan, programs, and
                  arrangements. In the event that Officer's participation in any
                  such plan, program, or arrangement is barred, the Bank

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                           shall arrange to provide Officer with benefits
                           substantially similar to those which she would have
                           been entitled to receive under such plan, program or
                           arrangement if she had remained a participant for
                           such two-year period.

         (d)      Legal Costs. Other than provided in Section 6, the Bank shall
                  pay Officer all legal fees and expenses incurred by her as a
                  result of her termination, including, but not limited to, all
                  such fees and expenses, if any, incurred in contesting or
                  disputing any such termination or in seeking to obtain or
                  enforce any right or benefit provided in this Agreement
                  through legal process or arbitration, regardless of the
                  outcome, unless the court or the arbitration panel finds that
                  her claim is totally without merit.

         (e)      Calculation of Benefits Under Certain Plans. For the purposes
                  of calculating the amount of severance payable to the Officer
                  following a Notice of Termination under paragraph (b) of
                  Section 5 of this Agreement, if at the time a Notice of
                  Termination is given, the Officer has not been employed by the
                  Bank for a period of time sufficient for the Officer to have
                  been eligible for a cash bonus under an Annual Incentive Plan
                  as in effect for the applicable number of years prior to the
                  Notice of Termination, then the Officer shall be deemed to
                  have earned the maximum bonus award potentially available to
                  an Officer of the same grade under the Annual Incentive Plan
                  (based upon the Officer's current annual base salary) for the
                  applicable year or years prior to the Notice of Termination
                  for which the Officer was not an employee and therefore not
                  eligible for a cash bonus under an Annual Incentive Plan.

         (f)      Disability Benefits. In the event of the Disability of
                  Officer, Bank shall continue to pay Officer all amount of
                  severance payable under paragraph (b) of Section 5 of this
                  Agreement. Notwithstanding the above, any amounts payable
                  hereunder shall be reduced by any amounts paid to the Officer
                  under any other disability program maintained by the Bank or
                  Corporation.

         (g)      Career Counseling. The Bank shall pay for the cost of
                  professional career counseling assistance for the officer in
                  an amount not to exceed $25,000.00.

         (h)      Long Term Incentive Programs. All benefits under any long-term
                  incentive programs in which the Officer was entitled to
                  participate, including, but not limited to, shareholder value
                  plans, stock option plans, stock awards, or stock bonuses
                  shall be immediately payable by Bank and any benefit carrying
                  a right to exercise that was not previously exercisable and
                  vested shall become fully exercisable and vested. The
                  restrictions, deferral limitations, and forfeiture conditions
                  applicable to any other award granted to Officer shall lapse
                  and such awards shall be deemed fully vested and any
                  performance conditions imposed with respect to awards shall be
                  deemed to be fully achieved. For a period of three (3) years
                  following a Change in Control, the Officer shall have the
                  right to exercise any stock options.

         6. Arbitration.

         (a)      All disputes under this Agreement shall be settled by
                  arbitration in Boca Raton, Florida, before a single arbitrator
                  pursuant to the rules of the American Arbitration Association.
                  Arbitration may be commenced at any time by any party hereto
                  giving written notice to each other party to a dispute that
                  such dispute has been referred to arbitration under this
                  Section. The arbitrator shall be selected by the joint
                  agreement of Bank and Officer, but if they do not so agree
                  within 20 days after the date of the notice referred to above,

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                  the selection shall be made pursuant to the rules from the
                  panels of arbitrators maintained by such Association. Any
                  award rendered by the arbitrator shall be conclusive and
                  binding upon the parties hereto and not subject to appeal;
                  provided, however, that any such award shall be accompanied by
                  a written opinion of the arbitrator giving the reasons for the
                  award. This provision for arbitration shall be specifically
                  enforceable by the parties and the decision of the arbitrator
                  in accordance herewith shall be final and binding and there
                  shall be no right of appeal therefrom. Each party shall pay
                  its own expenses of arbitration and the expenses of the
                  arbitrator shall be equally shared provided, however, that if
                  in the opinion of the arbitrator any claim for indemnification
                  or any defense or objection thereto was unreasonable, the
                  arbitrator may assess, as part of her award, all or any part
                  of the arbitration expenses of the other party (including
                  reasonable attorneys' fees) and of the arbitrator against the
                  party raising such unreasonable claim, defense, or objection.

         (b)      To the extent that arbitration may not be legally permitted
                  hereunder and the parties to any dispute hereunder may not at
                  the time of such dispute mutually agree to submit such dispute
                  to arbitration, any party may commence a civil action in a
                  court of appropriate jurisdiction to solve disputes hereunder.
                  Nothing contained in this Section shall prevent the parties
                  from settling any dispute by mutual agreement at any time.

         7. Notices. All notices, requests, demands, and other communications
provided for by this Agreement shall be in writing and shall be sufficiently
given if and when mailed in the continental United States by registered or
certified mail or personally delivered to the party entitled thereto at the
address stated below or to such changed address as the addressee may have given
by a similar notice:

         If to Officer:
         JEAN MURPHY-ENGLER
         1000 WHITE DRIVE
         DELRAY BEACH, FLORIDA 33483

         If to Bank:
         Chief Executive Officer
         Pointe Bank
         21845 Powerline Road
         Boca Raton, Florida 33433

         8. Successors; Nonassignability.

         (a)      Any successor (whether direct or indirect, by purchase,
                  merger, consolidation, or otherwise) to all or substantially
                  all of the business or assets of the Bank, is bound by this
                  Agreement in the same manner and to the same extent as the
                  Bank and the Corporation if no such succession had taken
                  place. Failure of any such successor of the Bank and the
                  Corporation to acknowledge this Agreement upon written request
                  by Officer shall be a breach of this Agreement and shall
                  entitle Officer, if she thereafter terminates her employment
                  with the Bank, to compensation from the Bank in the same
                  amount and on the same terms as she would be entitled to
                  hereunder if she had given Notice of Termination due to a
                  reduction of her responsibilities pursuant to paragraph (d) of
                  Section 4 as of the day immediately before such succession

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                  became effective and had specified the day on which she
                  terminates her employment as her Termination Date. As used in
                  this Agreement, the Bank shall include any successor to all or
                  substantially all of its business or assets or which otherwise
                  becomes bound by all the terms and provisions of this
                  Agreement, whether by the terms hereof, by operation of law or
                  otherwise. Except as provided in this paragraph, this
                  Agreement shall not be assignable by the Bank.

         (b)      All rights of Officer under this Agreement shall inure to the
                  benefit of and be enforceable by her personal or legal
                  representatives, executors, administrators, successors, heirs,
                  distributees, devisees, and legatees if the Bank should
                  terminate her employment other than for Disability pursuant to
                  subparagraph 4(b) hereof or for Cause pursuant to subparagraph
                  4(c) hereof or if Officer should terminate her employment for
                  Good Reason pursuant to subparagraph 4(d) hereof. If Officer
                  should die while any amounts would still be payable to her and
                  rights available to her hereunder if she had continued to
                  live, any such amounts, unless otherwise provided, shall be
                  paid and rights conveyed in accordance with the terms of this
                  Agreement to her devisee, legatee, or other designee or, if
                  there be no such designee, to her estate.

         9. Whole Agreement. This Agreement constitutes the entire understanding
of the parties relating to the subject matter hereof and supersedes all prior
agreements, understandings, and representations, whether oral or written,
relating to such subject matter.

         10. Separability. The invalidity or unenforceability of any provision
of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement.

         11. Modifications. No provisions of this Agreement may be modified,
waived, or discharged unless such waiver, modification, or discharge is agreed
to in writing signed by Officer and by such officer as may be specifically
designated by the Board of Directors of the Bank. No waiver by either party at
any time of any breach by the other party of, or compliance with, any condition
or provision of this Agreement to be performed by such other party shall be
deemed a waiver of similar or dissimilar provisions or conditions at the same or
at any prior or subsequent time.

         12. Withholding Taxes. The Bank may withhold from any benefits payable
under this Agreement all federal, state, city, or other taxes as shall be
required pursuant to any law or governmental regulation or ruling.

         13. Governing Law. The validity, interpretation, performance, and
enforcement of this Agreement shall be governed by the laws of the State of
Florida without giving effect to the principles of conflict of laws thereof.

         14. Counterparts. This Agreement may be executed in any number of
counter parts, each of which so executed shall be deemed to be an original, and
such counterparts will together constitute but one Agreement.

         15. Gender. Whenever the masculine is used herein, the same shall
include the feminine and natural and/or artificial persons shall include all
genders whenever and wherever the context so requires or permits.

         16. Application of Section 280G of the Internal Revenue Code. It is the
intention of the parties that, in the event of a Change in Control of the
Corporation, the payments under Section 5 shall not constitute "excess parachute

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payments" within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended, and any regulations promulgated by the Internal Revenue
Service thereunder. In the event that the independent accountants acting as
auditors for the Corporation on the date of the Change in Control (or another
accounting firm designated by them) determine that the payments under Section 5
may constitute "excess parachute payments", the amounts payable pursuant to
Section 5 shall be reduced to the maximum amount that may be paid without
constituting the payments "excess parachute payment". Such determination
pursuant to this Section shall take into account (I) whether the payments under
this Agreement are "parachute payments" within the meaning of Section 280G and,
if so, (ii) the amount of payments under Section 5 that constitutes "reasonable
compensation" within the meaning of Section 280G. Nothing contained in this
Agreement shall prevent the Corporation after a Change in Control from agreeing
to pay the Officer's compensation or benefits in excess of those provided in
this Agreement.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

Corporation                                   Bank

POINTE FINANCIAL CORPORATION                  POINTE BANK

By: /s/ R. Carl Palmer, Jr.                   By: /s/ R. Carl Palmer, Jr.
    ------------------------                      ------------------------------
     R. Carl Palmer, Jr., Chairman                R. Carl Palmer, Jr., President

Officer

By:      /s/ Jean Murphy-Engler
         ----------------------
         JEAN MURPHY-ENGLEREXHIBIT 10.18
                                CHANGE OF CONTROL
                              EMPLOYMENT AGREEMENT

         This EMPLOYMENT AGREEMENT is made as of the 24TH OF JUNE, 2002, between
POINTE FINANCIAL CORPORATION, a Florida Corporation (the "Corporation"), POINTE
BANK, a state-chartered commercial bank ("Bank"), and JOHN P. DOVER ("Officer"),
an officer of the Bank and the Corporation.

         WHEREAS, Officer is employed by the Bank and the Corporation and
currently holds the position of SENIOR VICE PRESIDENT/BUSINESS BANKING; and

         WHEREAS, Officer has made and is expected to continue to make a
significant contribution to the management, profitability, and growth of the
Bank, and, consequently, of the Corporation; and

         WHEREAS, Officer possesses an intimate knowledge of the Bank's business
and affairs, including its policies, plans, methods, personnel and problems; and

         WHEREAS, the Bank considers the continued employment of Officer to be
in the best interests of the Bank, the Corporation, and the shareholders of the
Corporation, and desires to assure itself of Officer's continued services on an
objective and impartial basis and without distraction or conflict of interest in
the event of any efforts to effect a change of ownership or control of the
Corporation; and

         WHEREAS, Officer is willing to remain in the employ of the Bank upon
the understanding that it will provide him with income security in the event his
employment should be terminated without cause, or by him for good reason,
following a change in control of the Corporation, upon the terms and conditions
provided herein.

         NOW, THEREFORE, in consideration of the foregoing, the Bank and Officer
agree as follows:

         1. Operation of Agreement. This Agreement shall be effective
immediately upon its execution. Nevertheless, the Bank will be obligated to
provide Officer the compensation and benefits described in Section 5 only upon
the occurrence of a "Change in Control" of the Corporation. Upon such a Change
in Control, all provisions of this Agreement shall become operative immediately.

         2. Change in Control. A "Change in control" of the Corporation shall be
deemed to have occurred if:

         (a)      the shareholders of the Corporation approve a merger or
                  consolidation of the Corporation with any other corporation,
                  other than (A) a merger or consolidation which would result in
                  the voting securities of the Corporation outstanding
                  immediately prior thereto continuing to represent (either by
                  remaining outstanding or by being converted into voting
                  securities of the surviving or parent entity) 50% or more of
                  the combined voting power of the voting securities of the
                  Corporation, or such surviving or parent entity, outstanding
                  immediately after such merger or consolidation, or (B) a
                  merger or consolidation effected to implement a
                  recapitalization of the Corporation (or similar transaction)
                  in which no "person" (as herein below defined) acquired 50% or
                  more of the combined voting power of the Corporation's then
                  outstanding securities; or

         (b)      the shareholders of the Corporation approve a plan of complete
                  liquidation of the Corporation or an agreement for the sale or
                  disposition by the Corporation of all or substantially all of
                  the Corporation's assets (or any transaction having a similar
                  effect); or

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         (c)      any "person" (as such term is defined in Sections 13(d) and
                  14(d)(2) of the Securities Exchange Act of 1934, as amended
                  [the "Exchange Act"]) or group of persons, excluding the
                  Corporation and any of its subsidiaries, and other than
                  Clarita Kassin or Morris Massry or a group acting in concert
                  with them, shall have acquired direct or indirect beneficial
                  ownership (within the meaning of Rule 13d-3 under the Exchange
                  Act) of securities of the Corporation representing 25% or more
                  of the voting power of the Corporation's then outstanding
                  securities; or

         (d)      during any one year period, subsequent to the date hereof, the
                  individuals who at the beginning of such period constitute the
                  Board of Directors of Corporation or Bank cease for any reason
                  to constitute at least a majority thereof, unless the
                  election, or the nomination for election by the Corporation's
                  shareholders, of each new director was approved by a vote of
                  at least two-thirds of the directors then still in office who
                  were directors at the beginning of the period.

         3. Effect of Agreement Prior to a Change in Control; Termination of
Agreement Prior to a Change in Control.

         (a)      The Bank's employment rights and obligations with respect to
                  Officer are not affected by this Agreement prior to the
                  occurrence of any event which constitutes a Change in Control
                  of the Corporation.

         (b)      This Agreement shall remain in full force and effect unless
                  and until;

                  (i)      it is terminated by the written agreement of the
                           parties hereto; or

                  (ii)     the employment of the Officer with the Bank and its
                           subsidiaries and affiliates is terminated by the
                           Officer or by the Bank and its subsidiaries and
                           affiliates, for any reason, prior to a Change in
                           Control of the Corporation, in which case this
                           Agreement shall terminate concurrently with the
                           termination of employment.

Nothing contained in this Agreement shall be deemed to require or imply any
obligation on the part of the Officer to continue in the employment of the Bank
of any of its subsidiaries or affiliates prior to or following a Change in
Control of the Corporation, or to require or imply any right on the part of the
Officer to continue in the employment of the Bank, the Corporation or any of
their subsidiaries or affiliates prior to a Change in Control; or to limit in
any way the right of the Bank to terminate the employment of the Officer, with
or without cause, at any time prior to a Change in Control of the Corporation.

         4. Termination Following a Change in Control. Following the occurrence
of any event which constitutes a Change in Control of the Corporation, the
provisions hereinafter set forth shall apply:

         (a)      Death. If Officer dies prior to Notice of Termination being
                  given, his rights under this Agreement shall terminate upon
                  his death.

         (b)      Disability. The Bank may terminate Officer's employment under
                  this Agreement if, as a result of his incapacity due to
                  accident or illness, Officer shall have been absent from his
                  duties with the Bank on a full time basis for 150 consecutive

                                       2
<PAGE>

                  business days and, within 30 days after written Notice of
                  Termination is given by the Bank, he shall not have returned
                  to the full time performance of his duties.

         (c)      Cause. The Bank may terminate Officer's employment under this
                  Agreement for Cause. For purposes of this Agreement, the Bank
                  shall have "Cause" to terminate Officer's employment if he:

                  (i)      engages in one or more acts constituting a felony, or
                           involving fraud or serious moral turpitude;

                  (ii)     willfully refuses (except by reason of incapacity due
                           to accident or illness) to perform substantially his
                           duties, provided that such refusal shall have
                           resulted in demonstrable material injury to the Bank
                           or its affiliates or subsidiaries; or

                  (iii)    willfully engages in gross misconduct materially
                           injurious to the Bank or its affiliates or
                           subsidiaries.

For purposes of this Agreement, no act or failure to act on Officer's part shall
be considered "willful" unless done, or omitted to be done, in bad faith and
without reasonable belief that his action or omission was in, or not opposed to,
the best interest of the Bank, its affiliates and subsidiaries.

Notwithstanding the foregoing, Officer shall not be deemed to have been
terminated for Cause unless and until the Bank shall have delivered to him a
copy of a resolution duly adopted by the affirmative vote of a majority of the
entire membership of the Board of Directors of the Bank at a meeting called and
held for that purpose, after reasonable notice to Officer and an opportunity for
him, together with counsel, to be heard before the Board, finding that in the
good faith opinion of the Board he was guilty of conduct set forth above in
subparagraphs (i), (ii), or (iii) of this paragraph, and specifying the
particulars thereof in detail.

If Officer is terminated for Cause while discussions are underway between
Corporation and a potential acquirer or merger partner and those discussions
result in a Change in Control, Officer will be entitled to the termination
benefits provided in Section 5 of this Agreement if it is determined through
arbitration or litigation that Officer was wrongfully discharged. Officer shall
be entitled to reimbursement for all reasonable costs, including attorney's
fees, incurred in successfully challenging such discharge, only if the Officer
is the prevailing party in such action.

         (d)      Voluntary Termination by the Officer. Officer may terminate
                  his employment under this Agreement for Good Reason. For
                  purposes of this Agreement, "Good Reason" shall be deemed to
                  exist under any of the following circumstances:

                  (i)      Officer has been assigned any duties inconsistent
                           with his position, duties, responsibilities and
                           status with the Bank or the Corporation immediately
                           prior to a Change in Control, or has been assigned
                           reporting responsibilities of a lesser scope than
                           those in effect immediately prior to a Change in
                           Control, or he has been removed from, or not
                           re-elected to, any of such positions, except in
                           connection with the termination of his employment for
                           Cause; or

                                       3
<PAGE>

                  (ii)     the Bank or Corporation has reduced Officer's base
                           salary as in effect immediately prior to a Change in
                           Control or as the same may be increased thereafter
                           from time to time, or has failed to give him annual
                           salary increases consistent with performance review
                           ratings as compared with other employees of the same
                           or similar rank; or

                  (iii)    the Bank or Corporation has required Officer to be
                           based anywhere other than the Bank's principal
                           executive offices in Boca Raton, Florida, or such
                           other location in Florida where Officer was based
                           immediately prior to a Change in Control, except for
                           required travel on the Bank's or the Corporation's
                           business to an extent substantially consistent with
                           his previous business travel obligations, or in the
                           event he consents to any such relocation, the Bank
                           has failed to pay (or reimburse him for) all
                           reasonable moving expenses incurred; or

                  (iv)     the Bank or Corporation has failed to continue in
                           effect any benefit, retirement or compensation plan,
                           thrift and savings plan, stock bonus, stock
                           option/stock appreciation rights plan, life insurance
                           plan, health plan, dental plan or disability plan in
                           which Officer is participating at the time of a
                           Change in Control of the Corporation (or plans
                           providing substantially similar benefits), or the
                           Bank or the Corporation has taken any action which
                           would adversely affect his participation in or
                           materially reduce his benefits under any of such
                           plans or deprive him of any material fringe benefit
                           or perquisite enjoyed by him at the time of the
                           Change in Control, or the Bank has failed to provide
                           him with the number of paid vacation days or sick
                           days to which he is entitled in accordance with the
                           Bank's normal vacation or sick pay policies in effect
                           prior to the Change in Control.

         (e)      Notice of Termination. Any termination of Officer's employment
                  shall be communicated by written Notice of Termination to the
                  other party to this Agreement specifying in the "Termination
                  Date". For purposes of this Agreement, a "Notice of
                  Termination" shall mean a notice which shall indicate the
                  specific termination provision in this Agreement (if any)
                  relied upon and shall set forth in reasonable detail the facts
                  and circumstances claimed to provide a basis for termination
                  of Officer's employment under the provision so indicated. The
                  Board resolution adopted pursuant to paragraph (c) above may
                  constitute Notice of Termination under such provision.

         (f)      Effect of Agreement on Other Rights. This Agreement shall not
                  diminish or increase other rights Officer (or his estate,
                  survivors, or heirs) may have under any other contract,
                  employee benefit plan or policy of the Bank except as
                  expressly provided in this Agreement.

         5. Compensation and Benefits Following Termination. If the Bank should
terminate the employment of the Officer, other than for Disability pursuant to
subparagraph 4(b) hereof or for Cause pursuant to subparagraph 4(c) hereof, or
if Officer should terminate his employment for Good Reason pursuant to
subparagraph 4(d) hereof, during the two-year period following the occurrence of
an event constituting a Change of Control or the Corporation, then the Bank
shall provide Officer the following severance pay and benefits:

         (a)      Salary through Termination Date. The Bank shall pay Officer
                  his full base salary through the Termination Date at the
                  monthly rate in effect at the time that Notice of Termination

                                       4
<PAGE>

                  is given, together with an amount equal to the product of (x)
                  a fraction, the numerator of which is the number of days in
                  the year of termination preceding the Termination Date and the
                  denominator of which is 360, and (y) the greater of the
                  following amounts.

                  (i)      one-third (1/3) of the aggregate bonuses paid or
                           payable to the Officer during the most recent three
                           full fiscal years; or

                  (ii)     the total of all bonus payments to which the Officer
                           would be entitled with respect to the year of
                           termination, projecting, on an appropriate basis, the
                           Corporation's actual performance from the beginning
                           of the applicable performance period or periods
                           through the end of the month preceding the
                           Termination Date, to the end of the applicable
                           performance period or periods, and assuming, where
                           applicable, that the Officer is entitled to the
                           maximum award potentially available under the
                           applicable bonus plans or other arrangements.

         (b)      Severance Pay. The Bank shall pay Officer monthly following
                  his Termination Date, for a period of two (2) years, an amount
                  equal to the sum of Officer's full base salary at the monthly
                  rate in effect at the time that Notice of Termination is
                  given, plus one-twelfth (1/12) of the greater of the following
                  amounts.

                  (i)      one-third (1/3) of the aggregate bonuses paid or
                           payable to the Officer during the most recent three
                           full fiscal years; or

                  (ii)     the total of all bonus payments to which the Officer
                           would be entitled with respect to the year of
                           termination, projecting, on an appropriate basis, the
                           Corporation's actual performance from the beginning
                           of the applicable performance period or periods
                           through the end of the month preceding the
                           Termination Date, to the end of the applicable
                           performance period or periods, and assuming, where
                           applicable, that the Officer is entitled to the
                           maximum award potentially available under the
                           applicable bonus plans or other arrangements; or

                  (iii)    The total of all minimum awards potentially payable,
                           with respect to the year of termination, under all
                           applicable bonus plans or other arrangements.

In no event shall the total compensation paid to the Officer upon the
termination of his employment in connection with a Change in Control exceed the
amount permitted by Section 280G of the Internal Revenue Code (as amended).

         (c)      Insurance Benefits. The Corporation or the Bank, as the case
                  may be, shall maintain in full force and effect for two years
                  after the Termination Date all employee life, health, dental,
                  accident, disability, medical, and other employee welfare
                  benefit plans, programs, or arrangements, including
                  participation in the 401(k) program and Corporation match,
                  (other than benefits under any supplemental retirement plan of
                  the Corporation or the Bank in which Officer was participating
                  immediately prior to Notice of Termination being given)
                  provided that he continued participation is possible under the
                  terms and provisions of such plan, programs, and arrangements.

                                       5
<PAGE>

                  In the event that Officer's participation in any such plan,
                  program, or arrangement is barred, the Bank shall arrange to
                  provide Officer with benefits substantially similar to those
                  which he would have been entitled to receive under such plan,
                  program or arrangement if he had remained a participant for
                  such two-year period.

         (d)      Legal Costs. Other than provided in Section 6, the Bank shall
                  pay Officer all legal fees and expenses incurred by him as a
                  result of his termination, including, but not limited to, all
                  such fees and expenses, if any, incurred in contesting or
                  disputing any such termination or in seeking to obtain or
                  enforce any right or benefit provided in this Agreement
                  through legal process or arbitration, regardless of the
                  outcome, unless the court or the arbitration panel finds that
                  his claim is totally without merit.

         (e)      Calculation of Benefits Under Certain Plans. For the purposes
                  of calculating the amount of severance payable to the Officer
                  following a Notice of Termination under paragraph (b) of
                  Section 5 of this Agreement, if at the time a Notice of
                  Termination is given, the Officer has not been employed by the
                  Bank for a period of time sufficient for the Officer to have
                  been eligible for a cash bonus under an Annual Incentive Plan
                  as in effect for the applicable number of years prior to the
                  Notice of Termination, then the Officer shall be deemed to
                  have earned the maximum bonus award potentially available to
                  an Officer of the same grade under the Annual Incentive Plan
                  (based upon the Officer's current annual base salary) for the
                  applicable year or years prior to the Notice of Termination
                  for which the Officer was not an employee and therefore not
                  eligible for a cash bonus under an Annual Incentive Plan.

         (f)      Disability Benefits. In the event of the Disability of
                  Officer, Bank shall continue to pay Officer all amount of
                  severance payable under paragraph (b) of Section 5 of this
                  Agreement. Notwithstanding the above, any amounts payable
                  hereunder shall be reduced by any amounts paid to the Officer
                  under any other disability program maintained by the Bank or
                  Corporation.

         (g)      Career Counseling. The Bank shall pay for the cost of
                  professional career counseling assistance for the officer in
                  an amount not to exceed $25,000.00.

         (h)      Long Term Incentive Programs. All benefits under any long-term
                  incentive programs in which the Officer was entitled to
                  participate, including, but not limited to, shareholder value
                  plans, stock option plans, stock awards, or stock bonuses
                  shall be immediately payable by Bank and any benefit carrying
                  a right to exercise that was not previously exercisable and
                  vested shall become fully exercisable and vested. The
                  restrictions, deferral limitations, and forfeiture conditions
                  applicable to any other award granted to Officer shall lapse
                  and such awards shall be deemed fully vested and any
                  performance conditions imposed with respect to awards shall be
                  deemed to be fully achieved. For a period of three (3) years
                  following a Change in Control, the Officer shall have the
                  right to exercise any stock options.

         6. Arbitration.

         (a)      All disputes under this Agreement shall be settled by
                  arbitration in Boca Raton, Florida, before a single arbitrator
                  pursuant to the rules of the American Arbitration Association.
                  Arbitration may be commenced at any time by any party hereto
                  giving written notice to each other party to a dispute that
                  such dispute has been referred to arbitration under this
                  Section. The arbitrator shall be selected by the joint
                  agreement of Bank and Officer, but if they do not so agree
                  within 20 days after the date of the notice referred to above,
                  the selection shall be made pursuant to the rules from the
                  panels of arbitrators maintained by such Association. Any

                                       6
<PAGE>

                  award rendered by the arbitrator shall be conclusive and
                  binding upon the parties hereto and not subject to appeal;
                  provided, however, that any such award shall be accompanied by
                  a written opinion of the arbitrator giving the reasons for the
                  award. This provision for arbitration shall be specifically
                  enforceable by the parties and the decision of the arbitrator
                  in accordance herewith shall be final and binding and there
                  shall be no right of appeal therefrom. Each party shall pay
                  its own expenses of arbitration and the expenses of the
                  arbitrator shall be equally shared provided, however, that if
                  in the opinion of the arbitrator any claim for indemnification
                  or any defense or objection thereto was unreasonable, the
                  arbitrator may assess, as part of his award, all or any part
                  of the arbitration expenses of the other party (including
                  reasonable attorneys' fees) and of the arbitrator against the
                  party raising such unreasonable claim, defense, or objection.

         (b)      To the extent that arbitration may not be legally permitted
                  hereunder and the parties to any dispute hereunder may not at
                  the time of such dispute mutually agree to submit such dispute
                  to arbitration, any party may commence a civil action in a
                  court of appropriate jurisdiction to solve disputes hereunder.
                  Nothing contained in this Section shall prevent the parties
                  from settling any dispute by mutual agreement at any time.

         7. Notices. All notices, requests, demands, and other communications
provided for by this Agreement shall be in writing and shall be sufficiently
given if and when mailed in the continental United States by registered or
certified mail or personally delivered to the party entitled thereto at the
address stated below or to such changed address as the addressee may have given
by a similar notice:

         If to Officer:
         JOHN P. DOVER
         2632 NW 29TH AVENUE
         BOCA RATON FL 33434

         If to Bank:
         Chief Executive Officer
         Pointe Bank
         21845 Powerline Road
         Boca Raton, Florida 33433

         8. Successors; Nonassignability.

         (a)      Any successor (whether direct or indirect, by purchase,
                  merger, consolidation, or otherwise) to all or substantially
                  all of the business or assets of the Bank, is bound by this
                  Agreement in the same manner and to the same extent as the
                  Bank and the Corporation if no such succession had taken
                  place. Failure of any such successor of the Bank and the
                  Corporation to acknowledge this Agreement upon written request
                  by Officer shall be a breach of this Agreement and shall
                  entitle Officer, if he thereafter terminates his employment
                  with the Bank, to compensation from the Bank in the same
                  amount and on the same terms as he would be entitled to
                  hereunder if he had given Notice of Termination due to a
                  reduction of his responsibilities pursuant to paragraph (d) of
                  Section 4 as of the day immediately before such succession

                                       7
<PAGE>

                  became effective and had specified the day on which he
                  terminates his employment as his Termination Date. As used in
                  this Agreement, the Bank shall include any successor to all or
                  substantially all of its business or assets or which otherwise
                  becomes bound by all the terms and provisions of this
                  Agreement, whether by the terms hereof, by operation of law or
                  otherwise. Except as provided in this paragraph, this
                  Agreement shall not be assignable by the Bank.

         (b)      All rights of Officer under this Agreement shall inure to the
                  benefit of and be enforceable by his personal or legal
                  representatives, executors, administrators, successors, heirs,
                  distributees, devisees, and legatees if the Bank should
                  terminate his employment other than for Disability pursuant to
                  subparagraph 4(b) hereof or for Cause pursuant to subparagraph
                  4(c) hereof or if Officer should terminate his employment for
                  Good Reason pursuant to subparagraph 4(d) hereof. If Officer
                  should die while any amounts would still be payable to him and
                  rights available to him hereunder if he had continued to live,
                  any such amounts, unless otherwise provided, shall be paid and
                  rights conveyed in accordance with the terms of this Agreement
                  to his devisee, legatee, or other designee or, if there be no
                  such designee, to his estate.

         9. Whole Agreement. This Agreement constitutes the entire understanding
of the parties relating to the subject matter hereof and supersedes all prior
agreements, understandings, and representations, whether oral or written,
relating to such subject matter.

         10. Separability. The invalidity or unenforceability of any provision
of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement.

         11. Modifications. No provisions of this Agreement may be modified,
waived, or discharged unless such waiver, modification, or discharge is agreed
to in writing signed by Officer and by such officer as may be specifically
designated by the Board of Directors of the Bank. No waiver by either party at
any time of any breach by the other party of, or compliance with, any condition
or provision of this Agreement to be performed by such other party shall be
deemed a waiver of similar or dissimilar provisions or conditions at the same or
at any prior or subsequent time.

         12. Withholding Taxes. The Bank may withhold from any benefits payable
under this Agreement all federal, state, city, or other taxes as shall be
required pursuant to any law or governmental regulation or ruling.

         13. Governing Law. The validity, interpretation, performance, and
enforcement of this Agreement shall be governed by the laws of the State of
Florida without giving effect to the principles of conflict of laws thereof.

         14. Counterparts. This Agreement may be executed in any number of
counter parts, each of which so executed shall be deemed to be an original, and
such counterparts will together constitute but one Agreement.

         15. Gender. Whenever the masculine is used herein, the same shall
include the feminine and natural and/or artificial persons shall include all
genders whenever and wherever the context so requires or permits.

         16. Application of Section 280G of the Internal Revenue Code. It is the
intention of the parties that, in the event of a Change in Control of the
Corporation, the payments under Section 5 shall not constitute "excess parachute

                                       8
<PAGE>

payments" within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended, and any regulations promulgated by the Internal Revenue
Service thereunder. In the event that the independent accountants acting as
auditors for the Corporation on the date of the Change in Control (or another
accounting firm designated by them) determine that the payments under Section 5
may constitute "excess parachute payments", the amounts payable pursuant to
Section 5 shall be reduced to the maximum amount that may be paid without
constituting the payments "excess parachute payment". Such determination
pursuant to this Section shall take into account (I) whether the payments under
this Agreement are "parachute payments" within the meaning of Section 280G and,
if so, (ii) the amount of payments under Section 5 that constitutes "reasonable
compensation" within the meaning of Section 280G. Nothing contained in this
Agreement shall prevent the Corporation after a Change in Control from agreeing
to pay the Officer's compensation or benefits in excess of those provided in
this Agreement.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

Corporation                                  Bank

POINTE FINANCIAL CORPORATION                 POINTE BANK

By: /s/ R. Carl Palmer, Jr.                  By:    /s/ R. Carl Palmer, Jr.
    ------------------------                        --------------------------

     R. Carl Palmer, Jr., Chairman               R. Carl Palmer, Jr., President

Officer

By:      /s/ John P. Dover
         -------------------------
         JOHN P. DOVER

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