Document:

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                                                                    EXHIBIT 10.7

                    Community Central Bank Death Benefit Plan

The attached form of plan was entered into between the "Bank" and Ronald R.
Reed, President and CEO of Community Central Bank and Ray T. Colonius, Senior
Vice President and CFO, Community Central Bank. Additionally, the attached form
of plan was entered into between the "Corporation" and David A. Widlak, Chairman
and CEO, Community Central Bank Corporation.

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                             COMMUNITY CENTRAL BANK
                               DEATH BENEFIT PLAN

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                             COMMUNITY CENTRAL BANK
                               DEATH BENEFIT PLAN

                            EFFECTIVE JANUARY 1, 2003

                                     PURPOSE

         The purpose of the Plan is to provide supplemental death benefits to a
select group of employees who contribute materially to the continued growth,
development and future business success of Community Central Bank, Community
Central Bank Corporation and their affiliated entities. The Plan shall be
unfunded for tax purposes and for purposes of Title I of ERISA.

                                    ARTICLE I
                                   DEFINITIONS

         For purposes of the Plan, unless otherwise clearly apparent from the
context, the following phrases or terms shall have the following indicated
meanings:

         "Bank" shall mean Community Central Bank, and any successor to all or
         substantially all of the assets or business of the Bank.

         "Beneficiary" shall mean one or more persons, estates or other
         entities, designated in accordance with Article 5, that are entitled to
         receive benefits under the Plan upon the death of a Participant.

         "Beneficiary Designation Form" shall mean the form established from
         time to time by the Committee that a Participant completes, signs and
         returns to the Bank or the Committee to designate one or more
         Beneficiaries.

         "Board" shall mean the board of directors of the Bank or the Holding
         Company.

         "Change in Control" shall mean the first to occur of any of the
         following events:

         (a)      An acquisition of control of the Bank within the meaning of
                  the Bank Holding Company Act of 1956 and 12 C.F.R. Part 303.82
                  as in effect on the date hereof that is not subject to
                  rebuttal;

         (b)      Any event that would be required to be reported in response to
                  Item 1 of the current report on Form 8-K, as in effect on the
                  date hereof, pursuant to Section 13 or 15(d) of the Securities
                  Exchange Act of 1934 (the "Exchange Act") if the Exchange Act
                  were applicable to the Bank;

         (c)      Any "person" (as that term is used in Section 13 and 14(d)(2)
                  of the Exchange Act), other than the Holding Company or an
                  affiliate of the Holding Company, becomes the beneficial owner
                  (as that term is used in Section 13(d) of the Exchange Act),
                  directly or indirectly, of 25% or more of the Bank's
                  outstanding securities entitled to vote in the election of
                  directors;

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         (d)      Individuals who are members of the board of directors of the
                  Holding Company on the date of adoption of this Plan (the
                  "Incumbent Board") cease for any reason to constitute at least
                  a majority thereof, provided that any person becoming a
                  director subsequent to the date of adoption of this Plan whose
                  election was approved by a vote of at least three-quarters of
                  the directors comprising the Incumbent Board, or whose
                  nomination for election by the Holding Company's stockholders
                  was approved by a nominating committee serving under an
                  Incumbent Board, shall be considered a member of the Incumbent
                  Board;

         (e)      The sale of all or substantially all of the assets of the Bank
                  or the Holding Company, excluding transfers to entities that
                  are within a "controlled group of corporations" (as defined in
                  Code Section 1563) in which the Bank is the parent
                  corporation; or

         (f)      A reorganization, merger, consolidation or similar transaction
                  involving the Holding Company in which the Holding Company is
                  not the resulting entity or the Holding Company is the
                  resulting entity but the stockholders of the Holding Company
                  immediately prior to such transaction do not own at least 50%
                  of the voting securities of the Holding Company immediately
                  following the completion of such transaction.

         "Claimant" shall have the meaning set forth in Section 10.1.

         "Code" shall mean the Internal Revenue Code 1986, as it may be amended
         from time to time.

         "Committee" shall mean the committee described in Article 8.

         "Employee" shall mean a person who is classified as an employee of the
         Bank or the Holding Company.

         "Equivalent Actuarial Value" shall mean a benefit of equivalent value
         to another benefit or form of benefit, computed using an interest rate
         factor of 7 percent per annum.

         "ERISA" shall mean the Employee Retirement Income Security Act of 1974,
         as it may be amended from time to time.

         "Holding Company" shall mean Community Central Bank Corporation, the
         parent corporation of the Bank.

         "Participant" shall mean any Employee (i) who is selected to
         participate in the Plan, (ii) who signs a Plan Agreement and a
         Beneficiary Designation Form and (iii) whose signed Plan Agreement and
         Beneficiary Designation Form are

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         accepted by the Bank or the Committee. A spouse or former spouse of a
         Participant shall not be treated as a Participant in the even if he or
         she has an interest in the Participant's benefits under the Plan as a
         result of applicable law or property settlements resulting from legal
         separation or divorce.

         "Plan" shall mean this Death Benefit Plan, which shall be evidenced by
         this instrument and by each Plan Agreement, as they may be amended from
         time to time.

         "Plan Agreement" shall mean a written agreement, as may be amended from
         time to time, which is entered into by and between the Bank or the
         Holding Company and a Participant. Should there be more than one Plan
         Agreement, the Plan Agreement bearing the latest date of acceptance by
         the Bank or the Holding Company shall supersede all previous Plan
         Agreements in their entirety and shall govern such entitlement. The
         terms of any Plan Agreement may be different for any Participant, and
         any Plan Agreement may limit the benefits otherwise provided under the
         Plan.

         "Pre-Commencement Death Benefit" shall mean a single sum amount equal
         to the Equivalent Actuarial Value of the Participant's SERP Benefit.
         The determination of a Participant's Pre-Commencement Death Benefit
         shall be determined by the Committee, which determination shall be
         conclusive and binding on all persons.

         "Post-Commencement Death Benefit" shall mean a single sum amount equal
         to the Equivalent Actuarial Value of the Participant's remaining
         payments under his SERP Benefit at the time of the Participant's death.
         The determination of a Participant's Post-Commencement Death Benefit
         shall be determined by the Committee, which determination shall be
         conclusive and binding on all persons.

         "SERP" shall mean the Community Central Bank Supplemental Executive
         Retirement Plan, as in effect at the relevant time.

         "SERP Benefit" shall mean with respect to any Participant, his vested
         Annual Benefit as determined under the SERP. The SERP Benefit shall be
         determined by the Committee in its sole discretion.

         "Tax Gross-Up Amount" shall mean an amount to compensate a
         Participant's Beneficiary for federal, state and local income and
         employment taxes attributable to the Participant's Death Benefit. A
         Participant's Tax-Gross Up Amount shall be 45 percent of the
         Participant's Pre-Commencement Death Benefit or Post-Commencement Death
         Benefit, as the case may be.

         "Trust" shall mean any trust established between the Bank or the
         Holding Company and the trustee named therein to provide benefits
         hereunder, as amended from time to time.

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                                    ARTICLE 2
                       SELECTION, ENROLLMENT, ELIGIBILITY

2.1      SELECTION BY COMMITTEE. Participation in the Plan shall be limited to a
         select group of management and highly compensated Employees, as
         determined by the Committee in its sole discretion from time to time.
         From that group, the Committee shall select, in its sole discretion,
         Employees to participate in the Plan.

2.2      ENROLLMENT REQUIREMENTS. As a condition to participation, each selected
         Employee shall complete, execute and return to the Bank or the
         Committee a Plan Agreement and a Beneficiary Designation Form. In
         addition, the Committee shall establish from time to time such other
         enrollment requirements as it determines in its sole discretion are
         necessary or appropriate.

2.3      ELIGIBILITY; COMMENCEMENT OF PARTICIPATION. Provided an Employee
         selected to participate in the Plan has met all enrollment requirements
         set forth in the Plan and required by the Committee, including
         returning all required documents to the Bank or the Committee, that
         Employee shall commence participation in the Plan on the date his Plan
         Agreement is executed by the Bank or the Holding Company.

2.4      TERMINATION OF PARTICIPATION. If the Committee determines in good faith
         that a Employee no longer qualifies as a member of a select group of
         management or highly compensated employees, as membership in such group
         is determined in accordance with Sections 201(2), 301(a)(3) and
         401(a)(1) of ERISA, the Committee shall have the right, in its sole
         discretion, to terminate the Employee's participation in the Plan.

                                    ARTICLE 3
                                 DEATH BENEFITS

3.1      DEATH BENEFITS. If a Participant dies prior to the commencement of his
         SERP Benefit, then there shall be paid to the Participant's Beneficiary
         a single sum amount equal to the Participant's Pre-Commencement Death
         Benefit plus the Tax Gross-Up Amount. If a Participant dies after the
         commencement of his SERP Benefit under the SERP, then there shall be
         paid to the Participant's Beneficiary a single sum equal to the
         Participant's Post-Commencement Death Benefit plus the Tax Gross-Up
         Amount. Payment of a Participant's death benefit hereunder shall be
         made as soon as administratively practicable after the Participant's
         death.

3.2      TAX WITHHOLDING FROM DISTRIBUTIONS. The Bank, the Holding Company, or
         the trustee of the Trust, if applicable, shall withhold from any
         payments made to a Participant's Beneficiary all federal, state and
         local income, employment and other taxes required to be withheld by the
         Bank, the Holding Company, or the trustee of the Trust, in connection
         with such payments, in amounts and in a manner to be determined in the
         sole discretion of the Bank, the Holding Company and the trustee of the
         Trust, if applicable.

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                                    ARTICLE 4
                                     FUNDING

4.1      FUNDING GENERALLY. The Bank's or the Holding Company's obligations
         under the Plan shall be an unfunded and unsecured promise to pay. The
         Bank or the Holding Company shall not be obligated under any
         circumstances to fund in advance its obligations under the Plan, and
         when the benefit amount is paid it shall be expensed out of the Bank's
         or the Holding Company's general assets.

4.2      OPTION TO FUND INFORMALLY. The Bank or the Holding Company may, at its
         sole option, or by agreement, informally fund its obligations under the
         Plan in whole or in part, provided, however, that in no event shall
         such informal funding be construed to create any trust fund, escrow
         account or other security for any Participant or Beneficiary with
         respect to the payment of any benefit under the Plan, other than as
         permitted by Internal Revenue Service and Department of Labor rules and
         regulations for unfunded supplemental retirement plans.

                                    ARTICLE 5
                             BENEFICIARY DESIGNATION

5.1      BENEFICIARY. Each Participant shall have the right, at any time, to
         designate his Beneficiary(ies) (both primary as well as contingent) to
         receive any benefits payable under the Plan upon the death of the
         Participant. The Beneficiary designated under the Plan may be the same
         as or different from the Beneficiary designated under any other plan of
         the Bank or the Holding Company in which the Participant participates.

5.2      BENEFICIARY DESIGNATION: CHANGE; SPOUSAL CONSENT. A Participant shall
         designate his Beneficiary by completing and signing the Beneficiary
         Designation Form and returning it to the Bank or the Committee. A
         Participant shall have the right to change a Beneficiary by completing,
         signing and otherwise complying with the terms of the Beneficiary
         Designation Form and the Committee's rules and procedures, as in effect
         from time to time. If the Participant names someone other than his
         spouse as a Beneficiary, a spousal consent, in the form designated by
         the Committee, must be signed by that Participant's spouse and returned
         to the Bank or the Committee. Upon the acceptance by the Bank or the
         Committee of a new Beneficiary Designation Form, all Beneficiary
         designations previously filed shall be canceled. The Committee shall be
         entitled to rely on the last Beneficiary Designation Form filed by the
         Participant and accepted by the Bank or the Committee prior to his
         death.

5.3      ACKNOWLEDGMENT. No designation or change in designation of a
         Beneficiary shall be effective until received and acknowledged in
         writing by the Bank or the Committee.

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5.4      NO BENEFICIARY DESIGNATION. If a Participant fails to designate a
         Beneficiary as provided in Sections 5.1, 5.2 and 5.3 above or, if all
         designated Beneficiaries predecease a Participant or die prior to
         complete distribution of the Participant's benefits, then a
         Participant's designated Beneficiary shall be deemed to be his
         surviving spouse. If a Participant has no surviving spouse, the
         benefits remaining under the Plan to be paid to a Beneficiary shall be
         payable to the Participant's estate.

5.5      DOUBT AS TO BENEFICIARY. If the Committee has any doubt as to the
         proper Beneficiary to receive payments pursuant to the Plan, the
         Committee shall have the right, exercisable in its discretion, to cause
         the Bank or the Holding Company to withhold such payments until this
         matter is resolved to the Committee's satisfaction.

5.6      DISCHARGE OF OBLIGATIONS. The payment of benefits under the Plan to a
         Beneficiary shall fully and completely discharge the Bank, the Holding
         Company and the Committee from all further obligations under the Plan
         with respect to the Participant.

                                    ARTICLE 6
                                LEAVE OF ABSENCE

         If a Participant is authorized by the Bank or the Holding Company for
any reason to take a leave of absence from employment with the Bank or the
Holding Company, such Participant shall continue to be considered employed by
the Bank or the Holding Company during such leave of absence (and therefore
eligible for a benefit under this Plan should the Participant die while on such
leave of absence).

                                    ARTICLE 7
                     TERMINATION, AMENDMENT OR MODIFICATION

7.1      TERMINATION. Although the Bank anticipates that it will continue as a
         sponsor of the Plan for an indefinite period of time, there is no
         guarantee that it will continue as a sponsor of the Plan or will not
         terminate its sponsorship of the Plan at any time in the future.
         Accordingly, the Bank reserves the right to terminate the Plan in its
         entirety at any time, or terminate its sponsorship of the Plan at any
         time with respect to any or all of its Participants, by action of the
         Board. Upon termination of sponsorship of the Plan by the Bank or
         termination of the Plan, no benefits shall be paid under this Plan;
         provided, however, that the termination of sponsorship of the Plan or
         the termination of the Plan shall not adversely affect any Beneficiary
         who has become entitled to the payment of any benefits under the Plan
         as of the effective date of termination.

7.2      AMENDMENT. The Bank may, at any time, amend or modify the Plan in whole
         or in part by action of the Board. The amendment or modification of the
         Plan shall not affect any Beneficiary who has become entitled to the
         payment of benefits under the Plan as of the date of the amendment or
         modification.

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7.3      EFFECT OF PAYMENT. The full payment of the applicable benefit under the
         Plan shall completely discharge all obligations to a Participant and
         his designated Beneficiaries under the Plan.

                                    ARTICLE 8
                                 ADMINISTRATION

8.1      COMMITTEE DUTIES. The Plan shall be administered by a Committee which
         shall consist of the Board, or such committee as the Board shall
         appoint. Members of the Committee may be Participants under the Plan.
         The Committee shall also have the discretion and authority to (i) make,
         amend, interpret, and enforce all appropriate rules and regulations for
         the administration of the Plan and (ii) decide or resolve any and all
         questions including interpretations of the Plan, as may arise in
         connection with the Plan. Any individual on the Committee who is a
         Participant shall not vote or act on any matter relating solely to
         himself. When making a determination or calculation, the Committee
         shall be entitled to rely on information furnished by a Participant,
         the Bank or the Holding Company.

8.2      AGENTS. In the administration of the Plan, the Committee may, from time
         to time, employ agents and delegate to them such administrative duties
         as it sees fit (including acting through a duly appointed
         representative) and may from time to time consult with counsel who may
         be counsel to the Bank or the Holding Company.

8.3      BINDING EFFECT OF DECISIONS. The decision or action of the Committee
         with respect to any question arising out of or in connection with the
         administration, interpretation and application of the Plan and the
         rules and regulations promulgated hereunder shall be final and
         conclusive and binding upon all persons having any interest in the
         Plan.

8.4      INDEMNITY OF COMMITTEE. The Bank shall indemnify and hold harmless the
         members of the Committee, and any person to whom the duties of the
         Committee may be delegated, against any and all claims, losses,
         damages, expenses or liabilities arising from any action or failure to
         act with respect to the Plan, except in the case of gross misconduct by
         the Committee or any of its members or any such delegate.

8.5      INFORMATION. To enable the Committee to perform its functions, the Bank
         and the Holding Company shall supply full and timely information to the
         Committee as the Committee may reasonably request.

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                                    ARTICLE 9
                          OTHER BENEFITS AND AGREEMENTS

         The benefits provided under the Plan are in addition to any other
benefits available to such Participant under any other plan or program sponsored
by the Bank. The Plan shall supplement and shall not supersede, modify or amend
any other such plan or program except as may otherwise be expressly provided
therein.

                                   ARTICLE 10
                                CLAIMS PROCEDURES

10.1     PRESENTATION OF CLAIM. Any Participant or Beneficiary of a deceased
         Participant (such Participant or Beneficiary being referred to below as
         a "Claimant") may deliver to the Committee a written claim for a
         determination with respect to the amounts distributable to such
         Claimant from the Plan. If such a claim relates to the contents of a
         notice received by the Claimant, the claim must be made within 60 days
         after such notice was received by the Claimant. All other claims must
         be made within 180 days of the date on which the event that caused the
         claim to arise occurred. The claim must state with particularity the
         determination desired by the Claimant.

10.2     NOTIFICATION OF DECISION. The Committee shall consider a Claimant's
         claim within a reasonable time, and shall notify the Claimant in
         writing:

         (a)      that the Claimant's requested determination has been made, and
                  that the claim has been allowed in full; or

         (b)      that the Committee has reached a conclusion contrary, in whole
                  or in part, to the Claimant's requested determination, and
                  such notice must set forth in a manner calculated to be
                  understood by the Claimant:

                  (i)      the specific reason(s) for the denial of the claim,
                           or any part of it;

                  (ii)     specific reference(s) to pertinent provisions of the
                           Plan upon which such denial was based;

                  (iii)    a description of any additional material or
                           information necessary for the Claimant to perfect the
                           claim, and an explanation of why such material or
                           information is necessary; and

                  (iv)     an explanation of the claim review procedure set
                           forth in Section 10.3 below.

10.3     REVIEW OF A DENIED CLAIM. With 60 days after receiving a notice from
         the Committee that a claim has been denied, in whole or in part, a
         Claimant (or the Claimant's duly authorized representative) may file
         with the Committee a written request for a review of the denial of the
         claim. Thereafter, but not later than 30

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         days after the review procedure began, the Claimant (or the Claimant's
         duly authorized representative):

         (a)      may review pertinent documents;

         (b)      may submit written comments or other documents; and/or

         (c)      may request a hearing, which the Committee, in its sole
                  discretion, may grant.

10.4     DECISION ON REVIEW. The Committee shall render its decision on review
         promptly, and not later than 60 days after the filing of a written
         request for review of the denial, unless a hearing is held or other
         special circumstances require additional time, in which case the
         Committee's decision must be rendered within 120 days after such date.
         Such decision must be written in a manner calculated to be understood
         by the Claimant, and it must contain:

         (a)      specific reasons for the decision;

         (b)      specific reference(s) to the pertinent Plan provisions upon
                  which the decision was based; and

         (c)      such other matters as the Committee deems relevant.

10.5     LEGAL ACTION. A Claimant's compliance with the foregoing provisions of
         this Article 10 is a mandatory prerequisite to a Claimant's right to
         commence any legal action with respect to any claim for benefits under
         the Plan.

                                   ARTICLE 11
                                      TRUST

11.1     ESTABLISHMENT OF THE TRUST. The Bank may establish the Trust upon such
         terms as it deems appropriate.

11.2     INTERRELATIONSHIP OF THE PLAN AND THE TRUST. The provisions of the
         Plan, including a Participant's Plan Agreement, shall govern the rights
         of such Participant to receive distributions pursuant to the Plan. The
         provisions of the Trust shall govern the rights of the Bank, the
         Holding Company, Participants and the creditors of the Bank and the
         Holding Company to any assets transferred to the Trust. The Bank and
         the Holding Company shall at all times remain liable to carry out its
         obligations under the Plan.

11.3     INVESTMENT OF TRUST ASSETS. The trustee of the Trust shall be
         authorized, upon written instructions received from the Committee or
         investment manager appointed by the Committee, to invest and reinvest
         the assets of the Trust in accordance with the applicable trust
         agreement.

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11.4     DISTRIBUTIONS FROM THE TRUST. The Bank's and the Holding Company's
         obligations under the Plan may be satisfied with Trust assets
         distributed pursuant to the terms of the Trust and any such
         distribution shall reduce the Bank's and the Holding Company's
         obligations under the Plan.

                                   ARTICLE 12
                                  MISCELLANEOUS

12.1     STATUS OF PLAN. The Plan is intended to be a plan that is not qualified
         within the meaning of Code Section 401(a) and that "is unfunded and is
         maintained by an employer primarily for the purpose of providing
         deferred compensation for a select group of management or highly
         compensated employees" within the meaning of ERISA Sections 201(2),
         301(a)(3) and 401(a)(1). The Plan shall be administered and interpreted
         to the extent possible in a manner consistent with that intent.

12.2     UNSECURED GENERAL CREDITOR. Participants and their Beneficiaries,
         heirs, successors and assigns shall have no legal or equitable rights,
         interests or claims in any property or assets of the Bank or the
         Holding Company. For purposes of the payment of benefits under the
         Plan, any and all assets of the Bank or the Holding Company shall be,
         and remain the general, unpledged and unrestricted assets of such
         entity. The Bank's and the Holding Company's obligation under the Plan
         shall be merely of an unfunded and unsecured promise to pay money in
         the future.

12.3     LIABILITY. The Bank's and the Holding Company's liability for the
         payment of benefits shall be defined only by the Plan including a
         Participant's Plan Agreement. The Bank and the Holding Company shall
         have no obligation to a Participant under the Plan except as expressly
         provided in the Plan including such Participant's Plan Agreement.

12.4     NONASSIGNABILITY. Neither a Participant nor any other person shall have
         any right to commute, sell, assign, transfer, pledge, anticipate,
         mortgage or otherwise encumber, transfer, hypothecate, alienate or
         convey in advance of actual receipt, the amounts, if any, payable
         hereunder, or any part thereof, which are, and all rights to which are
         expressly declared to be, unassignable and non-transferable. No part of
         the amounts payable shall, prior to actual payment, be subject to
         seizure, attachment, garnishment or sequestration for the payment of
         any debts, judgments, alimony or separate maintenance allowed by a
         Participant or any other person, be transferable by operation of law in
         the event of a Participant's or any other person's bankruptcy or
         insolvency or be transferable to a spouse as a result of a property
         settlement or otherwise.

12.5     NOT A CONTRACT OF EMPLOYMENT. The terms and conditions of the Plan,
         including a Participant's Plan Agreement, shall not be deemed to
         constitute a contract of employment between the Bank or the Holding
         Company and a Participant. Nothing in the Plan shall be deemed to give
         a Participant the right to be retained in the service of the Bank or
         the Holding Company or to interfere with the right of the Bank or the
         Holding Company to discipline or discharge such Participant at any
         time.

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12.6     FURNISHING INFORMATION. A Participant or his Beneficiary will cooperate
         with the Committee by furnishing any and all information requested by
         the Committee and take such other actions as may be requested in order
         to facilitate the administration of the Plan and the payments of
         benefits hereunder, including but not limited to, taking such physical
         examinations as the Committee may deem necessary.

12.7     TERMS. Whenever any words are used herein in the masculine, they shall
         be construed as though they were in the feminine in all cases where
         they would so apply; and whenever any words are used herein in the
         singular or in the plural, they shall be construed as though they were
         used in the plural or the singular, as the case may be, in all cases
         where they would so apply.

12.8     CAPTIONS. The captions of the articles, sections and paragraphs of the
         Plan are for convenience only and shall not control or affect the
         meaning or construction of any of its provisions.

12.9     GOVERNING LAW. Subject to ERISA, the provisions of the Plan shall be
         construed and interpreted according to the internal laws of the State
         of Michigan without regard to its conflicts of laws and principles.

12.10    NOTICE. Any notice or filing required or permitted to be given to the
         Committee under the Plan shall be sufficient if in writing and
         hand-delivered, or sent by registered or certified mail, to the address
         below.

                  Director of Human Resources
                  Community Central Bank
                  100 North Main Street
                  Mount Clemens, Michigan   48043

         Such notice shall be deemed given as of the date of delivery or, if
         delivery is made by mail, as of the date shown on the postmark on the
         receipt for registration or certification. Any notice or filing
         required or permitted to be given to a Participant under the Plan shall
         be sufficient if in writing and hand-delivered, or sent by mail, to the
         last known address of such Participant.

12.11    SUCCESSORS. The provisions of the Plan shall bind and inure to the
         benefit of the Bank, the Holding Company and their successors and
         assigns and the Participant and the Participant's designated
         Beneficiaries.

12.12    SPOUSE'S INTEREST. The interest in the benefits hereunder of a spouse
         of a Participant who has predeceased the Participant shall
         automatically pass to the Participant and shall not be transferable by
         such spouse in any manner including, but not limited to, such spouse's
         will, nor shall such interest pass under the laws of intestate
         succession.

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12.13    VALIDITY. In case any provision of the Plan shall be illegal or invalid
         for any reason, said illegality or invalidity shall not affect the
         remaining parts hereof, but the Plan shall be constructed and enforced
         as if such illegal or invalid provision had never been inserted herein.

12.14    INCOMPETENT. If the Committee determines in its discretion that a
         benefit under the Plan is to be paid to a minor, a person declared
         incompetent or to a person incapable of handling the disposition of
         that person's property, the Committee may direct payment of such
         benefit to the guardian, legal representative or person having the care
         and custody of such minor, incompetent or incapable person. The
         Committee may require proof of minority, incompetence, incapacity or
         guardianship, as it may deem appropriate prior to distribution of the
         benefit. Any payment of a benefit shall be a payment for the account of
         the Participant and the Participant's Beneficiary, as the case may be,
         and shall be a complete discharge of any liability under the Plan for
         such payment amount

12.15    COURT ORDER. The Committee is authorized to make any payments directed
         by court order in any action in which the Plan or the Committee has
         been named as a party. In addition, if a court determines that a spouse
         or former spouse of a Participant has an interest in the Participant's
         benefits under the Plan in connection with a property settlement or
         otherwise, the Committee, in its sole discretion shall have the right,
         notwithstanding any election made by the Participant, to immediately
         distribute the spouse's or former spouse's interest in the
         Participant's benefits under the Plan to that spouse or former spouse.

12.16    INSURANCE. The Bank or the Holding Company, on its own behalf or on
         behalf of the trustee of the Trust, and, in its sole discretion, may
         apply for and procure insurance on the life of any Participant, in such
         amounts and in such forms as it may choose. The Bank, the Holding
         Company or the trustee of the Trust, as the case may be, shall be the
         sole owner and beneficiary of any such insurance. No Participant shall
         have any interest whatsoever in any such policy or policies, and a
         Participant shall at the request of the Bank or the Holding Company
         submit to medical examinations and supply such information and execute
         such documents as may be required by the insurance company or companies
         to whom the Bank or the Holding Company has applied for insurance.

12.17    LEGAL FEES TO ENFORCE RIGHTS AFTER CHANGE IN CONTROL. The Bank and the
         Holding Company is aware that upon the occurrence of a Change in
         Control, the Board (which might then be comprised of new members) or
         stockholders of the Bank or the Holding Company, or of any successor
         corporation, might then cause or attempt to cause Bank or the Holding
         Company, or such successor to refuse to comply with its obligations
         under the Plan and might cause or attempt to cause the Bank or the
         Holding Company to institute, or may institute, litigation seeking to
         deny Participants the benefits intended under the Plan. In these
         circumstances, the purpose of the Plan could be frustrated.
         Accordingly, if, following a Change in Control, it should appear to any
         Participant that the Bank, the Holding Company or any successor
         corporation has failed to comply with any

                                       12
<PAGE>

         of its obligations under the Plan or any agreement thereunder, or, if
         the Bank, the Holding Company or any other person takes any action to
         declare the Plan void or unenforceable or institutes any litigation or
         other legal action designed to deny, diminish or to recover from any
         Participant the benefits intended to be provided, then the Bank or the
         Holding Company irrevocably authorizes such Participant to retain
         counsel of his choice at the expense of the Bank or the Holding Company
         to represent such Participant in connection with the initiation or
         defense of any litigation or other legal action, whether by or against
         the Bank or the Holding Company or any director, officer, stockholder
         or other person affiliated with the Bank or the Holding Company or any
         successor thereto in any jurisdiction.

         The Bank and the Holding Company have signed the Plan as of
___________, 2003.

                             COMMUNITY CENTRAL BANK

                         By: __________________________
                         Name: ________________________
                         Title: _______________________

                         COMMUNITY CENTRAL BANK CORPORATION

                         By: __________________________
                         Name: ________________________
                         Title: _______________________

                                       13
<PAGE>

               COMMUNITY CENTRAL BANK DEATH BENEFIT PLAN AGREEMENT
                           AND BENEFICIARY DESIGNATION

                                    AGREEMENT

         Community Central Bank (the "Bank") sponsors the Community Central Bank
Death Benefit Plan (the "Plan"). The Bank and the undersigned executive of the
Bank (the "Employee") hereby agree, for good and valuable consideration, the
value of which is hereby acknowledged, that the Employee shall participate in
the Plan as currently in effect or as may hereafter be modified or amended. The
Employee does hereby acknowledge that he has been provided with a copy of the
Plan as currently in effect and he does specifically agree to the terms and
conditions thereof. The Employee understands that the receipt of benefits under
the Plan shall be subject to all provisions of the Plan.

                             BENEFICIARY DESIGNATION

         The Employee designates the following individuals as his "BENEFICIARY".
The Employee acknowledges that he is aware of his right to change such
designation by submitting to the Committee at a subsequent time a new written
designation of his primary and secondary Beneficiaries. The Employee understands
that any Beneficiary designation made subsequent to the execution of this Plan
Agreement must be executed and dated by him and shall become effective only when
receipt thereof is acknowledged in writing by the Committee or the Bank. THE
EMPLOYEE ACKNOWLEDGES THAT HE MUST DESIGNATE HIS SPOUSE AS HIS SOLE PRIMARY
BENEFICIARY, UNLESS HIS SPOUSE EXECUTES THE ATTACHED SPOUSAL CONSENT.

PRIMARY BENEFICIARIES [NAME, ADDRESS, % INTEREST]:
                                             ________________________________
                                             ________________________________
                                             ________________________________

                                             ________________________________
                                             ________________________________
                                             ________________________________

CONTINGENT BENEFICIARIES [NAME, ADDRESS, % INTEREST]:
                                             ________________________________
                                             ________________________________
                                             ________________________________

                                             ________________________________
                                             ________________________________
                                             ________________________________

      [PROVIDE SCHEDULE OF ADDITIONAL PRIMARY OR CONTINGENT BENEFICIARIES,
                                 IF NECESSARY]

         The Employee understands that he may at any time, upon written request
to the Bank or the Committee, obtain a copy of the Plan as then in effect.

_________________________________________________    ________________  __, 2003
                                    , Employee

COMMUNITY CENTRAL BANK

By  _____________________________________________    ________________  __, 2003
Name: ___________________________________________
Title: __________________________________________

                                       14

<PAGE>

                                 SPOUSAL CONSENT

         I understand that my spouse has designated someone other than myself as
primary beneficiary of his entire benefit under the Plan. I hereby consent to
that designation and any subsequent Beneficiary designation he or she may make.

_________________________________________________        ______________, 200__
                                        , Spouse

                                       15exv10w1

 

EXHIBIT 10.1

CONFIDENTIAL TREATMENT REQUESTED

	 	Howard G. Buff

Vice President, Benefits and

Corporate Human Resources

Phone: 281-348-2985

June 20, 2003

Mr. Simeon Schindelman, President

UnitedHealthcare Small Business Group

5901 Lincoln Drive

MN012-NL23

Edina, MN 55436

Dear Simeon:

We believe that the contents of this letter sets forth our agreement as to
modifications to the terms of our existing contracts and other agreements. The
contracts being modified are the Minimum Premium Financial Agreement, Minimum
Premium Administrative Services Agreement, and the Security Deposit Agreement.
Please execute this letter on the appropriate signature line below indicating
the agreement of UnitedHealthcare to the modifications and return a signed copy
to me. After the letter has been signed by you, we will work together to
incorporate the modifications into the existing contracts.

Profit/Risk Charge and Pharmacy Rebates

We have agreed that effective October 1, 2003, UnitedHealthcare will reduce the
profit/risk charge to ***%. Further, UnitedHealthcare will retain all pharmacy
rebates subject to the disclosure provisions in the existing agreements.

Security Deposit

We have agreed that UnitedHealthcare will reduce the balance of the Security
Deposit to a flat amount of $17.5 million, effective December 31, 2003. The
refund of $7.5 million in excess of $17.5 million, plus accrued interest, shall
be returned to Administaff by January 31, 2004.

Premium Stabilization Reserve

We have agreed that, at Administaff’s request, UnitedHealthcare will negotiate
terms of an agreement under which a premium stabilization reserve or equivalent
thereof to be held by UnitedHealthcare would operate to reduce or eliminate the
balance of the Security Deposit subsequent to such an agreement. Any premium
reserve fund established would, when combined with the remaining security
deposit, provide UnitedHealthcare the same required or needed overall level of
risk protection.

*** indicates material has been omitted pursuant to a Confidential Treatment
Request filed with the Securities and Exchange Commission. A complete copy of
this agreement has been filed separately with the Securities and Exchange
Commission.

 

 

Mr. Simeon Schindelman

Page 2

Rate Setting Methodology

We have agreed in principle to change the Rate Setting Methodology. Towers
Perrin and Jay Jaeger will work together to develop fully a methodology for
setting prospective rates which is consistent with the methodology set forth
below which was included in Kim Bacon’s letter of May 15, 2003. In addition,
the rate setting process will include a reporting mechanism that will provide
the information necessary for Towers Perrin and Administaff to understand the
factors used in the rate calculations.

	 	 	 	The methodology for setting funding rates beginning with the
first quarter of 2004 (that is based on the Actuarial
Standard of Practice No.31—Documentation of Health Benefit
Plan Ratemaking) will be as follows; subject to any
refinements approved by Jay Jaeger and Towers Perrin:
	 
	 	1)	 	Use a rolling ***-months of paid claims to
estimate future PEPM claims. For example, Q2 2004 premiums
would use *** through *** paid claims experience, since Q2
premiums would be provided by UnitedHealthcare in December
2003.
	 
	 	2)	 	Use a ***-month lag for headcount to come up
with the PEPM rate before trends, adjustments, etc. For
example, if the claims used are from *** through *** (to
estimate Q2 2004 rates), the enrollment count used should
be *** through ***.
	 
	 	3)	 	Apply the following health cost risk factors to
reflect changes between the base period and the future
predicted period. In the example we have been using, the
base period is *** through *** and the future predicted
period is Q2 2004. The health cost risk factors are:

	 	Age

Gender distribution

Family size distribution

Geographic distribution

Enrollment distribution by plan type (HMO, PPO, etc.)

Plan design changes

	 	 	 	The change in costs due to these health risk factors should
be actuarially justifiable, i.e., using credible database
and tools agreed upon by Administaff and UnitedHealthcare.
Further, the tabular data used to make adjustments should be
documented and discussed, and should change no more
frequently than annually.
	 
	 	4)	 	UnitedHealthcare undoubtedly uses some form of
*** in their own small group underwriting accounting. A
*** should be developed for Administaff and Administaff
should have the option of paying this *** to minimize ***
fluctuation in experience.
	 
	 	5)	 	UnitedHealthcare will use trend separately for
***. In addition, trend period will reflect mid-point of
base period (with *** months lag) to mid-point of
projected period. This should eliminate the need to
calculate change in IBNR in the calculations.
	 
	 	6)	 	Administration costs should be reflected in the
rate calculations as a separate item with individual items
for ***.
	 
	 	7)	 	Components of claims costs should be segregated
for ***, etc.
	 
	 	 	 	UnitedHealthcare will notify Administaff *** days in
advance of any change in the
methodology before the next coming rate cycle. In
addition, UnitedHealthcare will
include the details of rate calculations in a renewal
package every quarter and will review
them with Administaff.

 

 

Mr. Simeon Schindelman

Page 3

Additionally, effective the first quarter of 2004, the following
deficit/surplus recovery process shall be utilized. If UnitedHealthcare
notifies Administaff that an unrecovered deficit or unrefunded surplus exists
as of the end of a calendar quarter in connection with its applicable quarterly
review, UnitedHealthcare may adjust the rates for the *** successive calendar
quarters beginning no earlier than *** days subsequent to such notice.

Further, if a an unrecovered deficit at the end of a quarter exceeds ***% of
aggregate quarterly premiums for such quarter, UnitedHealthcare will have the
ability to recover such amount more quickly than *** quarters.

Exclusivity

We have agreed to a modification to the exclusivity provisions of the contracts
as described below. In that regard, through the course of detailed market
discussions, Administaff and UnitedHealthcare will determine the circumstances
under which a modified carrier offering will be a viable alternative to our
current approach in any or all of the following six markets for 2004.

	 	1.	 	***
	 
	 	2.	 	***
	 
	 	3.	 	***
	 
	 	4.	 	***
	 
	 	5.	 	***
	 
	 	6.	 	***
	 
	Detailed discussions for these markets will include the following:
	 
	 	•	 	Pricing, product and other competitive information.
	 
	 	•	 	Specific expected advantages to be gained through another carrier offering.
	 
	 	•	 	Discussion and determination of how another carrier option would be
introduced and offered to customers. This would include price,
contribution, product and benefit plan design differences, employee
level choice versus customer level choice, etc.
	 
	 	•	 	Discussion of whether some combination of different or additional
offerings through UnitedHealthcare would best serve Administaff.
	 
	 	•	 	Based upon these discussions, the existing product options
available through UnitedHealthcare, and the size and product
distribution of the existing membership in each market,
UnitedHealthcare would then decide to:
	 
	 	 	 	1.	Continue to be offered as an HMO and/or PPO option at the ***
level (a customer could have more than ***).
	 
	 		 	2.	Continue to be offered as an HMO and/or PPO option at the ***
level only with all *** selecting plans offered only through ***.
	 
	 		 	3.	Elect to no longer be offered as an option in that market.
	 
	 	•	 	Decisions and changes in offering status may also have pricing
implication.

The provisions regarding exclusivity change notice and cure periods contained
within the existing contracts will not apply to these six markets for all
periods after UnitedHealthcare and Administaff have reached agreement on the
details of Administaff’s introduction of carrier alternatives in these markets.

 

 

Mr. Simeon Schindelman

Page 4

Sincerely,

/s/ Howard Buff

Howard Buff

ACCEPTED and AGREED to:

	 	 	 
	By:	 	
/s/ Simeon Schindelman

Simeon Schindelman

President

UnitedHealthcare Small Business Group
	 
	cc:	 	
Ron White, UnitedHealth Group

Jay Jaeger, UnitedHealthcare

Steve Walli, UnitedHealthcare

Mike Barbour, Towers Perrin

Kim Bacon, Administaff

Simeon Schindelman, UnitedHealthcare

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