Document:

<PAGE>
                                                                    EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT, (the "Agreement") dated and effective as of the signing
date indicated on the signature page below (the "Effective Date") is made by and
between Dayton Superior Corporation, an Ohio corporation (the "Company"), and
Stephen R. Morrey (the "Executive").

                                    RECITALS:

         WHEREAS, the Company desires to employ the Executive and the Executive
desires to be employed by the Company;

         NOW, THEREFORE, in consideration of the mutual covenants contained in
this Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which consideration are hereby acknowledged, the parties agree as
follows:

1. Certain Definitions.

         (a) "Annual Base Salary" shall have the meaning set forth in Section
4(a).

         (b) "Board" shall mean the Board of Directors of the Company.

         (c) The Company shall have "Cause" to terminate the Executive's
employment hereunder upon the Executive's:

                  (i) willful or gross misconduct or material failure in the
         performance of his duties and responsibilities hereunder (or in the
         event of any termination pursuant to Section 7(a)(ii) hereof, duties
         and responsibilities commensurate with the Executive's position), other
         than any such failure resulting from the Executive's Disability, which
         misconduct or failure continues beyond 14 days after the company
         notifies the Executive, in writing, of the Company's finding of such
         misconduct or failure; or

                  (ii) conviction of or plea of guilty or nolo contendre to, a
         felony, or a crime involving moral turpitude; or

                  (iii) fraud or personal dishonesty involving the Company's
         assets.

         (d) "Change in Control" shall mean a change in ownership or control of
the Company effected through a transaction or series of transactions (other than
an offering of Common Stock to the general public through a registration
statement filed with the Securities and Exchange Commission) whereby any
"person" or related "group" of "persons" (as such terms are used in Sections
13(d) and 14(d)(2) of the Exchange Act) (other than the Company, any of its
subsidiaries, an employee benefit plan maintained by the Company or any of its
subsidiaries, a Principal Stockholder or a "person" that, prior to such
transaction, directly or indirectly controls, is controlled by, or is under
common control with, the Company or a Principal Stockholder)
<PAGE>
directly or indirectly acquires beneficial ownership (within the meaning of Rule
13d-3 under the Exchange Act) of securities of the Company possessing more than
fifty percent (50%) of the total combined voting power of the Company's
securities outstanding immediately after such acquisition.

         (e) "Common Stock" shall mean the Class A common shares of the Company,
without par value.

         (f) "Company" shall have the meaning set forth in the preamble hereto.

         (g) "Compensation Committee" shall mean the Compensation Committee of
the Board.

         (h) "Date of Termination" shall mean (i) if the Executive's employment
is terminated by reason of his death, the date of his death, and (ii) if the
Executive's employment is terminated pursuant to Sections 5(a)(ii) - (vi), the
date specified in the Notice of Termination.

         (i) "Disability" shall mean the inability of the Executive to perform
his duties and responsibilities as an officer or employee of the Company or any
of its subsidiaries on a full-time basis for more than six months within any
12-month period because of a physical, mental or emotional incapacity resulting
from injury, sickness or disease.

         (j) "EBITDA" with respect to any period of determination shall mean the
sum of the following (without duplication): (i) consolidated net income (or
loss) of the Company and, if applicable, its subsidiaries for such period
(exclusive of the effect of extraordinary items), as determined by the Company's
independent certified public accountants in accordance with generally accepted
accounting principles consistently applied, as such principles are in effect at
the date hereof, plus (ii) amounts deducted from net revenues in determining
such net income (or loss) on account of (w) depreciation and amortization, (x)
interest expense (net of interest income), (y) all taxes on income and (z) any
management or acquisition fee charged to the Company by the Principal
Stockholder.

         (k) "Effective Date" shall have the meaning set forth in the recitals
hereto.

         (l) "Employment Date" shall have the meaning set forth in Section 2.

         (m) "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

         (n) "Executive" shall have the meaning set forth in the preamble here-
to.

         (o) The Executive shall have "Good Reason" to resign hereunder if (i)
the Executive's title hereunder is materially diminished or (ii) the Company
requires the Executive to report to any individual or group other than the full
Board, in either case without his written

                                        2
<PAGE>
consent and provided that the Executive has provided the Company with notice
thereof and a reasonable opportunity to cure.

         (p) "Management Stockholders' Agreement" shall mean that certain
Management Stockholders' Agreement to be entered into by and among the Company,
Odyssey Investment Partners Fund, LP, the Executive and the other employee
stockholders party thereto, effective as of June 16, 2000, as amended from time
to time.

         (q) "Notice of Termination" shall have the meaning set forth in Section
5(b).

         (r) "Option Agreements" shall mean any written agreements between the
Company and the Executive pursuant to which the Executive holds or is granted
options to purchase Common Stock.

         (s) "Option Plan" shall mean the 2000 Stock Option Plan of Dayton
Superior Corporation, as amended from time to time.

         (t) "Principal Stockholder" shall mean Odyssey Investment Partners
Fund, LP and any of its Permitted Assignees (as such term is defined in the
Management Stockholders' Agreement).

         (u) "Prohibited Competition" shall have the meaning set forth in
Section 7(b).

         (v) "Purchased Stock" Shall have the meaning set forth in Section 4(d).

         (w) "Signing Bonus" Shall have the meaning set forth in Section
4(b)(ii).

         (x) "Term" shall have the meaning set forth in Section 2.

2. Employment.

         The Company shall continue to employ the Executive and the Executive
shall remain in the employ of the Company, for the period set forth in this
Section 2, in the positions set forth in Section 3 and upon the other terms and
conditions herein provided. The initial term of employment under this Agreement
(the "Initial Term") shall be for the period beginning on July 15, 2002 (the
"Employment Date") and ending on the fourth anniversary thereof unless earlier
terminated as provided in Section 5; provided, however, that the Agreement shall
automatically be extended, beginning on the fourth anniversary of the Employment
Date, for successive one-year periods (each, an "Extension Term") unless so
earlier terminated under Section 5 or unless the Executive or the Company shall
give written notice to the other of his or its intention not to renew this
Agreement no less than 120 days prior to the scheduled expiration of the Initial
Term or the then applicable Extension Term (the Initial Term and any Extension
Term shall collectively be referred to hereunder as the "Term").

                                        3
<PAGE>
3. Position, Duties and Location.

         (a) During the Term, the Executive shall serve as the Chief Executive
Officer of the Company and, subject to his election thereto, as a member of the
Board, with such customary responsibilities, duties and authority as may from
time to time be assigned to the Executive by the Board. During the Term, the
Executive will report to the entire Board, and not to any individual or any
sub-committee of the Board. During the period of the Executive's employment as
Chief Executive Officer, the Executive shall devote substantially all his
working time and efforts to the business and affairs of the Company; provided,
that it shall not be considered a violation of the foregoing for the Executive
to (i) with the prior consent of the Board (which consent shall not unreasonably
be withheld), serve on corporate, industry, civic or charitable boards or
committees and (ii) manage his personal investments, so long as none of such
activities significantly interferes with the Executive's duties hereunder.

         (b) As of the Employment Date, the Principal Stockholders shall cause
the Executive to be appointed or elected to the Board. During the Term, the
Board shall propose the Executive for re-election to the Board and the Principal
Stockholders shall vote all of their shares of Common Stock in favor of such
re-election. If elected or appointed thereto, and only for the duration of such
elected term or appointment, the Executive shall also serve as a director of any
of the Company's subsidiaries and/or in one or more executive offices of any
entities owned by the Company.

         (c) The Executive's principal place of employment shall be the
Company's offices in Dayton, OH. The Executive shall promptly, and in no event
later than December 31, 2002, relocate his household from the Romeo, Michigan
area to the Dayton, Ohio area.

4. Compensation and Related Matters.

         (a) Annual Base Salary. During the Term, Company shall pay to the
Executive a base salary at a rate that is no less than $375,000 per annum (the
"Annual Base Salary"), payable in accordance with the Company's normal payroll
practices. The rate of the Annual Base Salary shall be reviewed by the
Compensation Committee on or prior to each anniversary of the Employment Date
during the Term and may be increased, but not decreased, upon such review.

         (b) Bonuses.

                  (i) Annual Bonus. For each fiscal year during the Term, the
         Executive shall be eligible to participate in the Company's annual cash
         bonus plan in accordance with terms and provisions which shall be
         consistent with the Company's executive bonus policy in effect as of
         the Effective Date. Notwithstanding the foregoing, the Executive's
         annual bonus for the 2002 fiscal year shall be at least $112,000.

                                        4
<PAGE>
                  (ii) Signing Bonus. No later than five business days following
         the Executive's receipt of his first paycheck in accordance with the
         Company's normal payroll practices, the Company shall pay to the
         executive a one-time signing bonus of $100,000 (the "Signing Bonus").
         If for any reason the Executive fails to relocate his household to the
         Dayton, Ohio area in accordance with the terms of Section 3(c), then
         the Executive shall immediately, upon such failure, return the full
         amount of the Signing Bonus to the Company.

         (c) Long Term Incentive Compensation. During the Term, the Executive
shall be entitled to participate in the Option Plan or any successor plan
thereto.

         (d) Stock Purchase.

                  (i) Not more than two weeks after the Executive receives the
         Signing Bonus, the Executive shall purchase from the Company 14,545.45
         shares of Common Stock (the "Purchased Stock") at the price of $27.50
         per share. Such shares shall be subject to the terms of, and such
         purchase shall be contingent upon, the Executive's execution of, the
         Management Stockholders' Agreement.

                  (ii) As of the date the Executive purchases the Purchased
         Stock from the Company, the Executive shall deliver to the Company, as
         consideration for the Purchased Stock (A) $50,000 in cash and (B) one
         or more promissory notes executed by the Executive in favor of the
         Company in the aggregate principal amount of $350,000 (which note or
         notes shall be fully recourse to the Executive with respect to a
         principal amount of no more than $175,000). In addition, the parties
         shall enter into any subscription agreement, loan agreement, pledge
         agreement, or other similar agreement evidencing the purchase and sale
         of the Purchased Stock and/or the loan evidenced by the promissory note
         as is reasonably requested by the Company, in each case containing
         customary terms and conditions consistent with the Company's past
         practice.

         (e) Benefits. During the Term, the Executive shall be entitled to
participate in the employee benefit plans, programs and arrangements of the
Company in effect as of the date hereof (or, to the extent determined by the
Board or Compensation Committee, in effect hereafter) which are applicable to
the senior officers of the Company generally, subject to and on a basis
consistent with the terms, conditions and overall administration thereof.
Furthermore, during the Term, the benefits provided under such employee benefit
plans, programs and arrangements (other than any stock option, restricted stock
or other equity based plan) shall, in the aggregate, be substantially equivalent
to the benefits provided by the Company as of the Effective Date (other than
pursuant to any stock option, restricted stock or other equity based plan).

                                        5
<PAGE>
         (f) Expenses. Pursuant to the Company's customary policies in force at
the time of payment, the Executive shall be reimbursed for all expenses properly
incurred by the Executive on the Company's behalf in the performance of the
Executive's duties hereunder.

         (g) Vacation. During the Term, the Executive shall be entitled to 20
vacation days, and to compensation in respect of earned but unused vacation days
in accordance with the Company's vacation policy as in effect as of the
Effective Date. The Executive shall also be entitled to paid holidays in
accordance with the Company's practices with respect to same as in effect as of
the Effective Date.

         (h) Automobile. During the Term, the Company shall provide the
Executive with an annual personal automobile allowance of $13,800. In addition
to such annual allowance, upon furnishing of adequate documentation, the Company
shall reimburse the Executive for reasonable, documented fuel and maintenance
expenses incurred by the Executive with respect to such personal automobile.

         (i) Club Membership and Hangar Fees. During the Term, the Company shall
pay on behalf of the Executive, or reimburse the Executive for, (i) membership
fees payable in connection with the Executive's membership in one country,
alumni, or social club of the Executive's choice and/or (ii) hangar fees for the
Executive's personal aircraft, provided that such membership and/or hangar fees
shall not in the aggregate exceed $6,000 per year.

         (j) Tax and Financial Planning Assistance. During the Term, the Company
shall, upon submission of proper documentation, pay on behalf of the Executive,
or reimburse the Executive for, reasonable expenses incurred for professional
assistance in planning and preparing his tax returns and managing his financial
affairs, consistent with the Company's practices as in effect on the date of
execution of this Agreement.

         (k) Relocation Expenses.

                  (i) Upon furnishing of adequate documentation, the Company
         shall reimburse the Executive for reasonable, customary, documented,
         out-of-pocket expenses, not to exceed $100,000, associated with the
         relocation of the Executive and his family from the Romeo, Michigan
         area to the Dayton, Ohio area. Such expenses shall include moving
         expenses, meals, closing costs, real estate commissions, attorney's
         fees, and other similar expenses incurred in connection with the
         relocation of his household and the sale of his principal residence.

                  (ii) Upon furnishing of adequate documentation, the Company
         shall reimburse the Executive for reasonable, documented expenses
         incurred for up to two house hunting trips to the Dayton, Ohio area to
         be taken by the Executive and his spouse.

                                        6
<PAGE>
                  (iii) The Executive shall promptly sell his principal
         residence in Romeo, Michigan in a commercially reasonable manner. The
         Company shall reimburse the Executive for the positive difference, if
         any, between the market value (as determined below) of his current
         residence and the sale price of such residence. The market value of the
         Executive's home shall be determined by a nationally recognized
         appraisal firm retained by the Company. The Company shall pay the
         expenses for such appraisal.

         (l) Airplane. The Company shall reimburse the Executive for all
reasonable travel and business expenses incurred by him in the use of his
personal aircraft for the performance of his duties to the Company, in
accordance with such procedures as shall be established in good faith by the
Company.

5. Termination.

         (a) The Executive's employment hereunder may be terminated by the
Company or the Executive, as applicable, without any breach of this Agreement
only under the following circumstances and in accordance with subsection (b):

                  (i) Death. The Executive's employment hereunder shall
         terminate upon his death.

                  (ii) Disability. If the Company determines in good faith that
         the Executive has incurred a Disability, the Company may give the
         Executive written notice of its intention to terminate the Executive's
         employment. In such event, the Executive's employment with the Company
         shall terminate effective on the 30th day after receipt of such Notice
         of Termination by the Executive, provided that within such 30 day
         period the Executive shall not have returned to full-time performance
         of his duties.

                  (iii) Termination for Cause. The Company may terminate the
         Executive's employment hereunder for Cause.

                  (iv) Termination without Cause. The Company may terminate the
         Executive's employment hereunder without Cause.

                  (v) Resignation without Good Reason. The Executive may resign
         his employment hereunder without Good Reason.

                  (vi) Resignation for Good Reason. The Executive may resign his
         employment hereunder for Good Reason.

         (b) Notice of Termination. Any termination of the Executive's
employment by the Company or by the Executive under this Section 5 (other than
termination pursuant to subsection (a)(i)) shall be communicated by a written
notice from the Board or the Executive to the other,

                                        7
<PAGE>
indicating the specific termination provision in this Agreement relied upon,
setting forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of the Executive's employment under the
provision so indicated, and specifying a Date of Termination (a "Notice of
Termination"). For purposes of this Agreement, the "Date of Termination" shall
be (i) with respect to any termination by reason of the Executive's Disability,
30 days following the receipt of the notice described in Section 5(a)(ii); (ii)
with respect to the Executive's termination for Cause, the date of the Notice of
Termination, and (iii) with respect to the Executive's termination of employment
for any other reason, at least 30 days following the date of the Notice of
Termination. The Executive shall continue to receive his Annual Base Salary,
annual bonus and all other compensation and perquisites referenced in Section 4
through the Date of Termination.

6. Severance Payments.

         (a) Termination for any Reason. In the event the Executive's employment
with the Company is terminated for any reason, the Company shall pay the
Executive (or his beneficiary in the event of his death) any unpaid Annual Base
Salary that has accrued as of the Date of Termination, any unreimbursed expenses
due to the Executive and an amount for accrued but unused vacation days. The
Executive shall also be entitled to accrued, vested benefits under the Company's
benefit plans and programs as provided therein. The Executive shall be entitled
to the additional payments and benefits described below only as set forth
herein.

         (b) Termination without Cause or Termination by Reason of Death or
Disability. In the event of the Executive's Termination without Cause (pursuant
to Section 5(a)(iv)) resignation for Good Reason (pursuant to Section 5(a)(vi)
or termination by reason of Death or Disability (pursuant to Section 5(a)(i) or
(ii), respectively), in each case during the Term (including any Extension
Term), the Company shall pay to the Executive the amounts described in
subsection (a) and, subject to the Executive's compliance with Sections 7 and 8
and the Executive's execution of a general waiver and release of claims
agreement in the Company's customary form:

                  (i) pay to the Executive, for the twenty-four month period
         following the Date of Termination, in accordance with its regular
         payroll practice, his Annual Base Salary as in effect on the Date of
         Termination; and

                  (ii) for the year in which the termination occurs, pay to the
         Executive a pro-rated amount of bonus based on the Company's executive
         annual bonus plan as in effect at that time; and

                  (iii) continue for three years the Executive's coverage under
         the Company medical and dental plans and programs in which the
         Executive was entitled to participate immediately prior to the Date of
         Termination (or, if the Company amends, replaces or terminates any such
         plan or program following such Date of Termination, the Company

                                        8
<PAGE>
         medical and dental plans provided to employees similarly situated to
         Executive), as if the Executive were an active employee during such
         time, subject to standard employee contributions by the Executive as
         are required under such plans, and further subject to the Executive's
         election of "COBRA" continuation coverage during such period. All
         post-employment coverage under such plans shall be co-extensive with
         COBRA continuation coverage required by federal (and where applicable
         by state) law, and shall cease if the Executive becomes eligible for
         coverage under another employer's plans.

7. Competition.

         (a) (i) The Executive shall not engage in any Prohibited Competition
(as defined below in Section 7(b)) at any time during the Term, and, subject to
subsection (ii) for a period of two years after the end of the Term.

                  (ii) Notwithstanding Section (a)(i), in the event that (x) the
         Company gives valid notice of non-extension of the Term (y) the
         Executive continues to perform services for the Company on an at-will
         basis following the expiration of the Initial Term, or, as applicable,
         the expiration of any Extension Term and (z) the Company terminates the
         Executive's employment following the expiration of the Initial Term or,
         as applicable, the expiration of any Extension Term, for any reason
         other than for Cause, then, effective as of the date of such
         termination (the "Termination Date"), at the Company's option, either:

                           (A) This Section 7 shall be null and void in all
                  respects; or

                           (B) (1) The Executive shall not engage in any
                  Prohibited Competition at any time during the period of two
                  years following the Termination Date; and

                                    (2) Subject to (x) the Executive's continued
                           compliance with Sections 7 and 8 hereof throughout
                           such two-year period, and (y) the Executive's
                           execution of a general waiver and release of claims
                           agreement effective as of the Termination Date in the
                           Company's customary form, the Company shall:

                                             (a) Pay to the Executive, for the
                                    twenty-four month period following the
                                    Termination Date, in accordance with the
                                    Company's regular payroll practice, the
                                    Executive's Annual Base Salary as in effect
                                    on the Termination Date; and

                                             (b) For the year in which the
                                    termination occurs, pay to the Executive a
                                    pro-rated amount of his annual bonus based
                                    on the Company's executive annual bonus plan
                                    as in effect at that time; and

                                        9
<PAGE>
                                             (c) Continue for three years the
                                    Executive's coverage under the Company's
                                    medical and dental plans and programs in
                                    which he was entitled to participate
                                    immediately prior to the Termination Date
                                    (or, if the Company amends, replaces or
                                    terminates any such plan or program
                                    following the Termination Date, the
                                    Company's medical and dental plans provided
                                    to employees similarly situated to the
                                    Executive), as if the Executive was an
                                    active employee during such time, subject to
                                    standard employee contributions by the
                                    Executive as are required under such plans,
                                    and further subject to the Executive's
                                    election of "COBRA" continuation coverage
                                    during such period. All post-employment
                                    coverage under such plans shall be
                                    co-extensive with COBRA continuation
                                    coverage required by federal (and where
                                    applicable by state) law, and shall cease if
                                    you become eligible for coverage under
                                    another employer's plans.

         In the event that the Company terminates the Executive's employment
         without Cause pursuant to this subsection (ii), the Company will
         provide the Executive with written notice on or prior to the 10th
         business day following such termination as to whether or not the
         Company intends to enforce section (A) or (B) of this subsection (ii).

         (b) For purposes of this Agreement, the Executive shall be considered
to engage in prohibited competition ("Prohibited Competition") if the Executive
shall: directly or indirectly, engage in or own, manage, join, operate or
control, or participate in the ownership, management, operation or control of,
or be connected as a director, officer, employee, partner, consultant or
otherwise with, or permit his name to be used by or in connection with, any
business or organization which produces, designs, conducts research on,
provides, sells, leases, distributes or markets accessories, chemicals, forming
and related products used in concrete and masonry construction (the "Business")
which, directly or indirectly, competes with the Business conducted by Company
and its subsidiaries in North America, South America and Europe, it being
understood that the foregoing shall not limit the Executive from making passive
investments of less than 5% of the outstanding equity securities in any entity
listed for trading on a national stock exchange or quoted on any recognized
automatic quotation system.

         (c) In the event any the terms of this Section 7 shall be determined by
any court of competent jurisdiction to be unenforceable by reason of extending
for too great a period of time or over too great a geographical area or by
reason of being too extensive in any other respect, it will be interpreted to
extend only over the maximum period of time for which it may be enforceable,
and/or over the maximum geographical area as to which it may be enforceable
and/or to the maximum extent in all other respects as to which it may be
enforceable, all as determined by such court in such action.

                                       10
<PAGE>
8. Nondisclosure of Proprietary Information.

         (a) Except as required in the faithful performance of the Executive's
duties hereunder or pursuant to subsection (c), the Executive shall, in
perpetuity, maintain in confidence and shall not directly, indirectly or
otherwise, use, disseminate, disclose or publish, or use for his benefit or the
benefit of any person, firm, corporation or other entity any confidential or
proprietary information or trade secrets, and any other information that would
be protected under the Uniform Trade Secrets Act in Ohio, of or relating to the
Company, including, without limitation, information with respect to the
Company's operations, processes, products, inventions, business practices,
business strategy, business development, finances, principals, vendors,
distributors, suppliers, customers, potential customers, manufacturing methods,
sales methods, marketing methods, costs, prices, contractual relationships,
information systems, regulatory status, compensation paid to employees or other
terms of employment, or deliver to any person, firm, corporation or other entity
any document, record, notebook, computer program or similar repository of or
containing any such confidential or proprietary information or trade secrets.
The parties hereby stipulate and agree that as between them the foregoing
matters are important, material and confidential proprietary information and
trade secrets and affect the successful conduct of the businesses of the Company
(and any successor or assignee of the Company). The parties hereto agree that
"confidential or proprietary information" shall not include information that (i)
is a matter of public knowledge (other than by act of the Executive in violation
hereof); (ii) was provided to the Executive (without breach of any obligation of
confidence owed to the Company) by a third party which is not an affiliate of
the Company or (iii) is required to be disclosed by law or judicial or
administrative process.

         (b) Upon termination of the Executive's employment with Company for any
reason and upon the Company's request, the Executive will promptly deliver to
the Company all correspondence, drawings, manuals, letters, notes, notebooks,
reports, programs, plans, proposals, financial documents, or any other documents
concerning, without limitation, the Company's operations, processes, products,
inventions, business practices, business strategy, business development,
finances, principals, vendors, distributors, suppliers, customers, potential
customers, manufacturing methods, sales methods, marketing methods, costs,
prices, contractual relationships, information systems, regulatory status,
compensation paid to employees or other terms of employment and/or which contain
proprietary information or trade secrets.

         (c) The Executive may respond to a lawful and valid subpoena or other
legal process but shall give the Company the earliest possible notice thereof,
shall, as much in advance of the return date as possible, make available to the
Company and its counsel the documents and other information sought and shall
assist such counsel in resisting or otherwise responding to such process.

                                       11
<PAGE>
9. Injunctive Relief.

         It is recognized and acknowledged by the Executive that a breach of the
covenants contained in Sections 7 and 8 will cause irreparable damage to the
Company and its goodwill, the exact amount of which will be difficult or
impossible to ascertain, and that the remedies at law for any such breach will
be inadequate. Accordingly, the Executive agrees that in the event of a breach
of any of the covenants contained in Sections 7 and 8, in addition to any other
remedy which may be available at law or in equity, the Company shall be entitled
to specific performance and injunctive relief.

10. Survival.

         The expiration or termination of the Term shall not impair the rights
or obligations of any party hereto which shall have accrued hereunder prior to
such expiration.

11. Binding on Successors.

         This Agreement shall be binding upon and inure to the benefit of the
Company, the Executive and their respective successors, assigns, personnel and
legal representatives, executors, administrators, heirs, distributees, devisees,
and legatees, as applicable.

12. Governing Law.

         This Agreement shall be governed, construed, interpreted and enforced
in accordance with the substantive laws of the State of Ohio.

13. Validity.

         The invalidity or unenforceability of any provision or provisions of
this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

14. Notices.

         Any notice, request, claim, demand, document or other communication
hereunder to any party shall be effective upon receipt (or refusal of receipt)
and shall be in writing and delivered personally or sent by telex, telecopy, or
certified or registered mail, postage prepaid, as follows:

         (a) If to the Company, to:

         Dayton Superior Corporation
         7777 Washington Village Drive, Suite 130

                                       12
<PAGE>
         Dayton, OH  45459
         Attention: Corporate Secretary
         Phone:  (937) 428-6360
         Fax:  (937) 428-9115

with copies to:

         Odyssey Investment Partners Fund, LP
         280 Park Avenue
         West Tower, 38th Floor
         New York, New York 10017
         Attention: William Hopkins
         Phone:  (212) 351-7900
         Fax:  (212) 351-7925

and

         Latham & Watkins
         885 Third Avenue
         New York, New York 10022
         Attention: Bradd L. Williamson, Esq.
         Phone:  (212) 906-1200
         Fax:  (212) 751-4864

         If to the Executive, to him at the address set forth below under his
         signature, with copies to:

         Peter Hardin-Levine, Esq.
         Baker & Hostetler
         3200 National City Center
         1900 E. 9th Street
         Cleveland, OH  44114
         Phone:  (216) 861-7909
         Fax:  (216) 696-0740

or at any other address as any party shall have specified by notice in writing
to the other party in accordance with this Section 14.

15. Counterparts.

         This Agreement may be executed in several counterparts, each of which
shall be deemed to be an original, but all of which together shall constitute
one and the same Agreement.

                                       13
<PAGE>
16. Entire Agreement.

         The terms of this Agreement, together with the Management Stockholders'
Agreement, the Option Plan and the Option Agreements, are intended by the
parties to be the final expression of their agreement with respect to the
employment of the Executive by the Company and may not be contradicted by
evidence of any prior or contemporaneous agreement. The parties further intend
that this Agreement, and the aforementioned contemporaneous documents, shall
constitute the complete and exclusive statement of its terms and that no
extrinsic evidence whatsoever may be introduced in any judicial, administrative,
or other legal proceeding to vary the terms of this Agreement. Notwithstanding
any of the foregoing to the contrary, in the event of a conflict between the
terms of this Agreement and the Management Stockholders' Agreement, the terms of
this Agreement shall govern.

17. Amendments; Waivers.

         This Agreement may not be modified, amended, or terminated except by an
instrument in writing, signed by the Executive and the Chairman of the
Compensation Committee. By an instrument in writing similarly executed, the
Executive or the Company may waive compliance by the other party or parties with
any provision of this Agreement that such other party was or is obligated to
comply with or perform; provided, however, that such waiver shall not operate as
a waiver of, or estoppel with respect to, any other or subsequent failure. No
failure to exercise and no delay in exercising any right, remedy or power
hereunder shall preclude any other or further exercise of any other right,
remedy or power provided herein or by law or in equity.

18. No Inconsistent Actions.

         The parties hereto shall not voluntarily undertake or fail to undertake
any action or course of action inconsistent with the provisions or essential
intent of this Agreement. Furthermore, it is the intent of the parties hereto to
act in a fair and reasonable manner with respect to the interpretation and
application of the provisions of this Agreement.

19. Arbitration.

         Any dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration, conducted before a panel
of three arbitrators in Cleveland, Ohio, in accordance with the rules of the
American Arbitration Association then in effect. Judgment may be entered on the
arbitrator's award in any court having jurisdiction; provided, however, that the
Company shall be entitled to seek a restraining order or injunction in any court
of competent jurisdiction to prevent any continuation of any violation of the
provisions of Section 7 or 8 of this Agreement and the Executive hereby consents
that such restraining order or injunction may be granted without the necessity
of the Company's posting any bond; and provided further, that the Executive
shall be entitled to seek specific performance of his right to be paid until the
Date of Termination during the pendency of any dispute or controversy arising

                                       14
<PAGE>
under or in connection with this Agreement. Each of the parties hereto shall
bear its share of the fees and expenses of any arbitration hereunder.

20. Indemnification and Insurance; Legal Expenses.

         During the Term and so long as the Executive has not breached any of
his obligations set forth in Sections 7 and 8, the Company shall indemnify the
Executive to the fullest extent permitted by the laws of the State of Ohio, as
in effect at the time of the subject act or omission, and shall advance to the
Executive reasonable attorneys' fees and expenses as such fees and expenses are
incurred (subject to an undertaking from the Executive to repay such advances if
it shall be finally determined by a judicial decision which is not subject to
further appeal that the Executive was not entitled to the reimbursement of such
fees and expenses) and he shall be entitled to the protection of any insurance
policies the Company shall elect to maintain generally for the benefit of its
directors and officers ("Directors and Officers Insurance") against all costs,
charges and expenses incurred or sustained by him in connection with any action,
suit or proceeding to which he may be made a party by reason of his being or
having been a director, officer or employee of the Company or any of its
subsidiaries or his serving or having served any other enterprise as a director,
officer or employee at the request of the Company (other than any dispute, claim
or controversy arising under or relating to this Agreement). The Company
covenants to maintain during the Term for the benefit of the Executive (in his
capacity as an officer and director of the Company) Directors and Officers
Insurance providing customary benefits to the Executive.

21. Taxes. All payments to be made to the Executive under this Agreement will be
subject to any applicable withholding of federal, state and local income,
employment and other taxes.

22. Conflict. To the extent that there is any conflict between the terms of this
Agreement and the terms of the Option Plan or the Management Stockholders'
Agreement, this Agreement shall govern.

                            [signature page follows]

                                       15
<PAGE>
        IN WITNESS WHEREOF, the parties have executed this Agreement as of the
Effective Date.

        DAYTON SUPERIOR CORPORATION

        By:_____________________________________________
           Name:
           Title:
           Date:

        EXECUTIVE

        ________________________________________________
        Stephen R. Morrey

        ________________________________________________

        ________________________________________________

        ________________________________________________
            Address
            Date:

                                       16
<PAGE>
        Upon the Effective Date, accepted and agreed to for purposes of Section
        3(b)

        ODYSSEY INVESTMENT PARTNERS FUND, LP

        By:    ODYSSEY CAPITAL PARTNERS, LLC,
               its general partner

        By:_____________________________________________
        Name:
        Title:

        Date: __________________________________________

                                       17<PAGE>

                                                                    Exhibit 10.3

                              EMPLOYMENT AGREEMENT

         This EMPLOYMENT AGREEMENT (the "Agreement") is effective as of April 1,
2002, by and between and among:

               COMMERCE NATIONAL BANK ("CNB"), a National Association, with its
               principal place of business at 100 E. Wilson Bridge Road,
               Worthington, Ohio 43085;

               CNBC BANCORP ("CNBC"), an Ohio corporation, with its principal
               place of business at 100 E. Wilson Bridge Road, Worthington, Ohio
               43085; and

               MARK SBROCHI ("Sbrochi"), residing at 3365 Anchorage Lane,
               Hilliard, OH 43026.

         WHEREAS, CNB and CNBC (collectively the "Bank" unless the context
indicates one entity or the other) are engaged in the financial services
business; and

         WHEREAS, the Bank wishes to retain the services, knowledge, and
abilities of Sbrochi as the Chief Credit Officer of CNB, and the Bank also
desires to prevent any other competitive business from securing Sbrochi's
services and utilizing his experience, background and expertise; and

         WHEREAS, Sbrochi has been employed by CNB beginning on January 2, 2001
("Original Hire Date"); and

         WHEREAS, Sbrochi is willing to continue in the employ of the Bank and
agrees to be bound by the terms and conditions of this Agreement as hereinafter
set forth; and

         WHEREAS, the Board of Directors of CNB and CNBC (the "Boards") have
determined that it is in the best interests of CNB, CNBC, and their shareholders
to continue to employ Sbrochi as Chief Credit Officer and that CNB and CNBC
should be bound by the terms and conditions of this Agreement, and Sbrochi
desires to serve in that capacity.

<PAGE>

NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

         1.       CONTRACT PERIOD.

                  The Bank shall continue to employ Sbrochi, and Sbrochi shall
         serve the Bank, on the terms and conditions set forth in this
         Agreement, for the period commencing on the date of this Agreement and
         ending on March 31, 2007 (the "Contract Period"). However, the Contract
         Period may be extended beyond March 31, 2007, by mutual agreement of
         Sbrochi and the Bank, in which event the Contract Period shall end on
         such date as agreed.

         2.       POSITION AND DUTIES.

                  (a) During the Contract Period, Sbrochi shall be the Chief
         Credit Officer of CNB with such duties and responsibilities as are
         assigned to him by the Chief Executive Officer consistent with his
         position. Sbrochi shall, from time to time, and with the consent of the
         Chief Executive Officer, be entitled to delegate with appropriate
         supervision the performance of some of his duties and responsibilities
         to other management personnel of the Bank.

                  (b) During the Contract Period, and excluding any periods of
         vacation and sick leave to which he is entitled, Sbrochi shall devote
         his full attention and time during normal business hours to the
         business and affairs of the Bank, shall perform his services wherever
         the Boards may from time to time designate, and to the extent necessary
         to discharge the responsibilities assigned to him under this Agreement
         use his reasonable best efforts to carry out such responsibilities
         faithfully and efficiently. It shall not be considered a violation of
         the foregoing for

                                      -2-
<PAGE>

         Sbrochi to serve on corporate, civic or charitable boards or
         committees, so long as such activities do not compete with and are not
         provided to or for any entity that competes with or intends to compete
         with the Bank and do not interfere with the performance of his
         responsibilities as the Chief Credit Officer of CNB in accordance with
         this Agreement.

         3.       COMPENSATION AND BENEFITS.

                  (a) BASE SALARY. During the Contract Period and for the
         remainder of the current calendar year which expires on December 31,
         2002, Sbrochi shall receive an annual base salary ("Annual Base
         Salary") of One Hundred Fifteen Thousand and Five Hundred Dollars
         ($115,500), payable in equal installments at intervals not less
         frequent than monthly. For the calendar year commencing January 1,
         2003, and for each subsequent calendar year prior to the expiration of
         the Contract Period, Sbrochi shall receive an increase in his then
         Annual Base Salary in an amount which shall be determined by the Chief
         Executive Officer, but in no event shall the percentage increase be
         less than fifty percent (50%) of the percentage increase in the diluted
         earnings per common share of CNBC (the "EPS") during the immediately
         preceding year over the prior year. In no event shall the Annual Base
         Salary then currently being paid be decreased. In calculating the
         application of the fifty percent (50%) provision where there is an
         increase in the EPS for a year following a year in which there has been
         a decrease in the EPS, the minimum percentage increase in the Annual
         Base Salary shall be fifty percent (50%) of the sum of the percentage
         decrease in EPS of the earlier year and the percentage increase in EPS
         for the later year. Exhibit A attached

                                      -3-
<PAGE>

         hereto contains example calculations that illustrate the provisions of
         this Subparagraph (a).

                  (b) SUPPLEMENTAL RETIREMENT BENEFIT. Sbrochi currently has in
         place a Deferred Compensation Agreement dated October 8, 2001 by and
         between himself and the Bank, a copy of which is attached as Exhibit B.

                  (c) OTHER BENEFITS. During the Contract Period:

                           (i) Sbrochi and/or Sbrochi's family, as the case may
                  be, shall be eligible for participation in, and shall receive
                  all benefits under, all welfare benefit plans, practices,
                  policies and programs provided by the Bank (including, without
                  limitation, medical, prescription, dental, disability, salary
                  continuance, employee life insurance, group life insurance and
                  accidental death insurance plans and programs) to the same
                  extent as the other executive officers of the Bank. The
                  benefits currently being provided to Sbrochi are set forth on
                  Exhibit C attached hereto; and

                           (ii) Sbrochi shall be entitled to participate in all
                  incentive, savings and retirement plans, practices, policies
                  and programs of the Bank to the same extent as the other
                  executive officers of the Bank.

                                    A. If Sbrochi's employment is terminated
                           either by the Bank Without Cause or by Sbrochi For
                           Good Reason, as defined by Section 4, Paragraphs (c)
                           and (d), then Sbrochi shall be entitled to a
                           pro-rated amount (based on his partial year of
                           employment) for all variable compensation plans that
                           Sbrochi would have been eligible for and an active
                           participant in if he was employed on the last day of
                           that year. Timing of the pro-rated payout will be
                           governed by the particular variable compensation plan
                           documents.

                                      -4-
<PAGE>

                                    (d) EXPENSES. During the Contract Period,
                           Sbrochi shall be entitled to receive prompt
                           reimbursement for all reasonable expenses incurred by
                           him in carrying out his duties under this Agreement,
                           provided that he complies with the policies,
                           practices and procedures of the Bank for submission
                           of expense reports, receipts, or similar
                           documentation of such expenses.

                                    (e) VACATION. Sbrochi shall be entitled to
                           four (4) weeks of paid vacation during each full
                           calendar year in the Contract Period.

                                    (f) OPTIONS. Annually, Sbrochi shall be
                           granted options to purchase shares of the common
                           stock of CNBC in an amount equal to twenty percent
                           (20%) of his Annual Base Salary for the immediately
                           preceding year, subject however, to the anti-dilution
                           adjustments, as and to the extent set forth in the
                           CNBC Bancorp 1999 Stock Option Plan and as it may be
                           subsequently amended, restated or replaced and as set
                           forth in any future additional stock option plans
                           (collectively the "Plans"), and subject also to any
                           other limitations set forth in the Plans, including
                           the limitation on the maximum number of options to be
                           granted each year to any one individual.

                                    (g) DISABILITY POLICY. The Bank will
                           annually reimburse Sbrochi for the premium paid by
                           him to maintain in force an individual disability
                           income policy. The reimbursement shall be (i) made
                           within ten (10) days following submission by Sbrochi
                           to the Bank of an expense report with appropriate
                           supporting documentation and (ii) treated as
                           compensation to Sbrochi and shall be subject to all
                           appropriate withholdings.

                                      -5-
<PAGE>

         4.       TERMINATION OF EMPLOYMENT.

                  (a) DEATH OR DISABILITY. Sbrochi's employment shall terminate
         automatically upon his death during the Contract Period. The Bank shall
         be entitled to terminate Sbrochi's employment during the Contract
         Period due to his Disability. "Disability" means that Sbrochi has been
         unable, for a period of either (A) 90 consecutive calendar days or (B)
         an aggregate of 120 calendar days in a period of 365 consecutive
         calendar days, to substantially perform his material duties under this
         Agreement, as a result of physical or mental illness or injury. A
         termination of Sbrochi's employment by the Bank due to his Disability
         shall be communicated to him by written notice, and shall be effective
         on the 30th day after receipt of such notice by him (the "Disability
         Effective Date"), unless he returns to work and is able to
         substantially perform his duties in accordance with the provisions of
         Section 2 before the Disability Effective Date.

                  (b) FOR CAUSE. The Bank may terminate Sbrochi's employment
         during the Contract Period "For Cause." "For Cause" means:

                           (i) The continued failure of Sbrochi to substantially
                  perform the duties and responsibilities of his position; or

                           (ii) Illegal conduct or gross misconduct by Sbrochi
                  that results in material and demonstrable damage to the
                  business or reputation of the Bank.

                           (iii) With regards to Section 4(b)(i), the Bank shall
                  be required to provide Sbrochi with written notification
                  regarding those duties and responsibilities that it determines
                  he has failed to substantially perform. The Bank must cite
                  specific objectives, which it believes, would represent
                  substantial performance and which Sbrochi must meet. Further,
                  the Bank

                                      -6-
<PAGE>

                  must provide Sbrochi with an appropriate and reasonable time
                  frame to accomplish that substantial performance. Only upon
                  Sbrochi's failure to meet those specific objectives within the
                  stated time frame will there be a right to terminate "For
                  Cause" under Section 4(b)(i).

                           Any act or failure to act by Sbrochi that is based
                  upon authority given him pursuant to a resolution duly adopted
                  by the Boards, or the advice of counsel for the Bank, shall be
                  conclusively presumed to be done, or omitted to be done, by
                  Sbrochi in good faith and in the best interests of the Bank,
                  and shall not give rise to a termination For Cause under this
                  Paragraph. Sbrochi's termination For Cause shall be effective
                  immediately unless the Bank states otherwise.

                  (c) WITHOUT CAUSE. The Bank may terminate Sbrochi's employment
         during the Contract Period "Without Cause." "Without Cause" means:

                           (i) Termination of Sbrochi's employment during the
                  Contract Period by the Bank for any reason other than For
                  Cause, Death or Disability.

                  (d) FOR GOOD REASON. Sbrochi's employment may be terminated by
         him during the Contract Period "For Good Reason." "For Good Reason"
         means:

                           (i) The assignment to Sbrochi of any duties
                  inconsistent in any material respect with Paragraph (a) of
                  Section 2 of this Agreement, or any other action by the Bank
                  that results in a material diminution in his position,
                  authority, duties or responsibilities, other than an isolated
                  or an insubstantial and inadvertent action that is not taken
                  in bad faith and is remedied by the Bank within a reasonable
                  period of time after receipt of written notice thereof from
                  Sbrochi; or

                           (ii) Any material breach of this Agreement by the
                  Bank, other than an isolated or an insubstantial and
                  inadvertent breach that is not taken

                                      -7-
<PAGE>

                  in bad faith and is remedied by the Bank within a reasonable
                  period of time after receipt of written notice thereof from
                  Sbrochi. A material breach shall include, but not be limited
                  to, a failure by the Bank to comply with any provision of
                  Section 3 or Paragraph (c) of Section 10 of this Agreement.

                           (iii) A termination of employment by Sbrochi For Good
                  Reason shall be communicated to the Bank by written notice
                  ("Notice of Termination For Good Reason") of the termination,
                  setting forth in reasonable detail the specific conduct of the
                  Bank that constitutes For Good Reason and the specific
                  provision(s) of this Agreement on which Sbrochi relies. A
                  termination of employment by Sbrochi under Section 4(d) shall
                  be effective on the fifth (5th) business day following the
                  date when the Notice of Termination For Good Reason is given,
                  unless the notice sets forth a later date (which date shall in
                  no event be later than thirty (30) days after the notice is
                  given) which is agreed to by the Chief Executive Officer or
                  Board.

                  (e) WITHOUT GOOD REASON. Sbrochi's employment may be
         terminated by him during the Contract Period "Without Good Reason."
         "Without Good Reason" means:

                           (i) Termination by Sbrochi of his employment during
                  the Contract Period for any reason other than those cited
                  under For Good Reason.

                  (f) NO WAIVER. The failure to set forth any fact or
         circumstance in a Notice of Termination For Cause or a Notice of
         Termination For Good Reason shall not constitute a waiver of the right
         to assert, and shall not preclude the party giving notice from
         asserting, such fact or circumstance in an attempt to enforce any right
         under or provision of this Agreement.

                  (g) DATE OF TERMINATION. The "Date of Termination" means the
         date of Sbrochi's death, the Disability Effective Date, or the date on
         which the termination

                                      -8-
<PAGE>

         of Sbrochi's employment by the Bank or by Sbrochi is effective, as the
         case may be.

         5.       OBLIGATIONS OF THE BANK UPON TERMINATION.

                  (a) "WITHOUT CAUSE" OR "FOR GOOD REASON". If Sbrochi's
         employment is terminated during the Contract Period either by the Bank
         Without Cause as provided in Paragraph (c) of Section 4, or by Sbrochi
         For Good Reason as provided in Paragraph (d) of Section 4, the Bank
         shall pay the amounts described in Subparagraphs (i)(A), (i)(B), and
         (i)(C) below to Sbrochi or in the case of his death after commencement
         of payments, to his estate or beneficiary, and shall continue the
         benefits described in Subparagraph (ii) below until the completion of
         the payment of the amounts described in Subparagraph (i)(B) below:

                           (i) The amounts to be paid are as follows:

                                    A. Sbrochi's accrued but unpaid cash
                           compensation (the "Accrued Obligations"), which shall
                           equal any portion of his Annual Base Salary through
                           the Date of Termination that has not yet been paid;
                           (2) any compensation previously deferred by Sbrochi
                           (together with any accrued interest or earnings
                           thereon) that has not yet been paid; and (3) any
                           accrued but unpaid vacation pay; and

                                    B. SEVERANCE: If Sbrochi has been employed
                           for less than three (3) years from his Original Hire
                           Date, then severance payments will be calculated on
                           an annual basis and paid on a monthly basis,
                           beginning one (1) month following the Date of
                           Termination, and continuing for a total of twelve
                           (12) consecutive months. The monthly amount shall be
                           determined by multiplying

                                      -9-
<PAGE>

                           Sbrochi's Annual Base Salary for the calendar year in
                           which the Date of Termination occurs by a factor of
                           one (1.0), then dividing by a factor of twelve (12).
                           If Sbrochi has been employed for three (3) years or
                           more from his Original Hire Date, then severance
                           payments will be calculated on an annual basis and
                           paid on a monthly basis, beginning one (1) month
                           following the Date of Termination, and continuing for
                           a total of eighteen (18) consecutive months. The
                           monthly amount shall be determined by multiplying
                           Sbrochi's Annual Base Salary for the calendar year in
                           which the Date of Termination occurs by a factor of
                           one and one half (1.5), then dividing by a factor of
                           eighteen (18).

                                             1. If after Sbrochi's Date of
                                    Termination, Sbrochi obtains new employment
                                    that would be considered in conflict with
                                    the restrictive covenant defined by
                                    Paragraph (a) of Section 9, then Sbrochi
                                    must notify the Bank in writing within 15
                                    days of beginning such new employment. In
                                    such notice is received and verified, the
                                    Bank will reduce the remaining months of the
                                    Restriction Period to zero, and in return
                                    Sbrochi will accept a modification to the
                                    Severance payout, defined above in
                                    Subparagraph (i)(B), to be reduced to 50% of
                                    the remaining present value, that will be
                                    payable within 30 days of receipt of notice
                                    in a lump sum amount, unless payment amount
                                    and frequency is modified by Subparagraph
                                    (iii) below. All other Paragraphs of Section
                                    9 will remain unchanged.

                                      -10-
<PAGE>

                                    C. Amounts accrued and vested under the
                           Deferred Compensation Agreement dated October 8,
                           2001, attached as Exhibit B.

                           (ii) The benefits to be continued are benefits to
                  Sbrochi and/or his family at least as favorable as those that
                  would have been provided to them under Paragraph (c)(i) of
                  Section 3 of this Agreement if Sbrochi's employment had
                  continued until the completion of the payments of the amounts
                  described in Subparagraph (i)(B) above; provided, however,
                  that during any period when Sbrochi is eligible to receive
                  such benefits under another employer-provided plan, the
                  benefits provided by the Bank under this subparagraph may
                  cease. The foregoing notwithstanding, if the Bank is unable to
                  continue to provide medical, life or disability benefits to
                  Sbrochi and/or his family on account of his or their ceasing
                  to be eligible for those benefits under the terms of the
                  applicable plan or policy, then the Bank will pay to Sbrochi
                  and/or his family on a monthly basis the cost of providing
                  medical, life and disability insurance of substantially equal
                  or better coverage.

                           (iii) If the payments provided under this Agreement
                  would constitute a "parachute payment" as defined in Section
                  280G of the Internal Revenue Code of 1986, as amended (the
                  "Code"), such payments shall be reduced to the largest amount
                  as will result in no portion of the benefit under Paragraph
                  5(a) being subject to the excise tax imposed by Section 4999
                  of the Code or being disallowed as deductions to the Bank
                  under Section 280G of the Code.

                  (b) "FOR CAUSE" OR "WITHOUT GOOD REASON". If Sbrochi's
         employment is terminated during the Contract Period by the Bank For
         Cause as provided in

                                      -11-
<PAGE>

         Paragraph (b) of Section 4, or by Sbrochi Without Good Reason as
         provided in Paragraph (e) of Section 4, then he shall be entitled to be
         paid the amounts described in Paragraph 5(a)(i)(A) and 5(a)(i)(C) only.

         6.       NON-EXCLUSIVITY OF RIGHTS.

                  Nothing in this Agreement shall prevent or limit Sbrochi's
         continuing or future participation in any plan, program, policy or
         practice provided by the Bank or any of its affiliated companies for
         which he may qualify, nor shall anything in this Agreement limit or
         otherwise affect such rights as Sbrochi may have under any contract or
         agreement with the Bank. Vested benefits and other amounts that Sbrochi
         is otherwise entitled to receive under any plan, policy, practice or
         program of, or any contract or agreement with the Bank on or after the
         Date of Termination shall be payable in accordance with such plan,
         policy, practice, program, contract or agreement, as the case may be,
         except as explicitly modified by this Agreement.

         7.       FULL SETTLEMENT.

                  The Bank's obligation to make the payments provided for in,
         and otherwise to perform its obligations under, this Agreement shall
         not be affected by any set-off, counterclaim, recoupment, defense or
         other claim, right or action that the Bank may have against Sbrochi or
         others. In no event shall Sbrochi be obligated to seek other employment
         or take any other action by way of mitigation of the amounts payable to
         Sbrochi under any of the provisions of this Agreement and such amounts
         shall not be reduced, regardless of whether Sbrochi obtains other

                                      -12-
<PAGE>

         employment so long as such other employment does not conflict with the
         obligations set forth in Section 9 below.

         8.       CONFIDENTIAL INFORMATION.

                  Sbrochi shall hold in a fiduciary capacity for the benefit of
         the Bank all secret or confidential information, knowledge or data
         relating to the Bank or any company affiliated therewith and their
         respective businesses that he obtains during his employment by the Bank
         and that is not public knowledge (other than as a result of Sbrochi's
         violation of this Section 8) ("Confidential Information"). Sbrochi
         shall not communicate, divulge or disseminate Confidential Information
         at any time during or after his employment with the Bank, except with
         the prior written consent of the Bank or as otherwise required by law
         or legal process.

         9.       NONCOMPETITION; NONSOLICITATION.

                  (a) If Sbrochi has been employed less than three (3) years
         from his Original Hire Date, then during the Contract Period and during
         the twelve (12) month period following the termination of his
         employment with the Bank (the "Restriction Period"), Sbrochi shall not
         become associated with any entity, whether as a principal, partner,
         employee, consultant or shareholder (other than as a holder of not in
         excess of one percent (1%) of the outstanding voting shares of any
         company) that is, or intends to be, engaged in any business which is in
         competition with the business of the Bank or any of its subsidiaries in
         any geographic area in which the Bank or any of its subsidiaries
         operates an office which employs at least one (1) person (a
         "Competitor"). The restrictive covenant set forth in this

                                      -13-
<PAGE>

         Paragraph (a) shall not apply, however, if the termination of Sbrochi's
         employment is on account of the Bank exercising its right to terminate
         his employment under Paragraph (a) of Section 4 in the event of his
         Disability.

                  If Sbrochi has been employed for three (3) or more years from
         his Original Hire Date, then the Restriction Period will be eighteen
         (18) months following the Date of Termination.

                  If Sbrochi's Termination is either by the Bank Without Cause
         or by Sbrochi With Good Reason, then the Restriction Period set forth
         in this Paragraph (a) may be modified as defined by Paragraph
         (a)(i)(B)(1) of Section 5.

                  (b) If Sbrochi has been employed less than three (3) years
         from his Original Hire Date, then during the Contract Period and during
         the eighteen (18) month period following the termination of his
         employment with the Bank (the "Nonsolicitation Period"), Sbrochi shall
         not, directly or indirectly, encourage or solicit, or assist any other
         person or firm in encouraging or soliciting, any person that during the
         two year period preceding such termination of his employment with the
         Bank is or was engaged in a business relationship with the Bank or any
         of its subsidiaries to terminate its relationship with the Bank or any
         of its subsidiaries or to engage in a business relationship with a
         Competitor. The restrictive covenant set forth in this Paragraph (b)
         shall not apply, however, if the termination of Sbrochi's employment is
         on account of the Bank exercising its right to terminate his employment
         under Paragraph (a) of Section 4 in the event of his Disability.

                  If Sbrochi has been employed for three (3) or more years from
         his Original Hire Date, then the Nonsolicitation Period will be for
         twenty-four (24) months following the Date of Termination.

                  (c) During the Nonsolicitation Period, Sbrochi will not,
         except with the prior written consent of the Bank, directly or
         indirectly, induce any employee of the

                                      -14-
<PAGE>

         Bank or any of its subsidiaries to terminate employment with such
         entity, and will not, directly or indirectly, either individually or as
         owner, agent, employee, consultant or otherwise, employ, offer
         employment or cause employment to be offered to any person who is or
         was employed by the Bank or a subsidiary thereof unless such person
         shall have ceased to be employed by such entity for a period of at
         least six (6) months.

                  (d) Promptly following his termination of employment, Sbrochi
         shall return to the Bank all property of the Bank, and all copies
         thereof in his possession or under his control, including, without
         limitation, all Confidential Information in whatever media such
         Confidential Information is maintained.

                  (e) Sbrochi acknowledges and agrees that the Restriction
         Period and the Nonsolicitation Period and the matters and territories
         covered thereby are fair and reasonable and the result of negotiation,
         and further acknowledges and agrees that the covenants and obligations
         of him in Section 8 and this Section 9 with respect to noncompetition,
         nonsolicitation, confidentiality and Bank property relate to special,
         unique and extraordinary matters and that a violation of any of the
         terms of such covenants and obligations will cause the Bank irreparable
         injury for which adequate remedies are not available at law. Therefore,
         Sbrochi agrees that the Bank shall be entitled to an injunction,
         restraining order or such other equitable relief as a court of
         competent jurisdiction may deem necessary or appropriate to restrain
         him from committing any violation of such covenants and obligations.
         These injunctive remedies are cumulative and are in addition to any
         other rights and remedies the Bank may have at law or in equity.

                                      -15-
<PAGE>

         10.      SUCCESSORS.

                  (a) This Agreement is personal to Sbrochi and shall not be
         assignable by him otherwise than by will or the laws of descent and
         distribution. This Agreement shall inure to the benefit of and be
         enforceable by Sbrochi`s legal representatives.

                  (b) This Agreement shall inure to the benefit of and be
         binding upon the Bank and its successors and assigns.

                  (c) The Bank shall require any successor (whether direct or
         indirect, by purchase, merger, consolidation or otherwise (an
         "Acquisition")) to all or substantially all of the business and/or
         assets of the Bank expressly to assume and agree to perform this
         Agreement in the same manner and to the same extent that the Bank would
         have been required to perform it if no such succession had taken place.
         As used in this Agreement, "Bank" shall mean both the Bank as defined
         above and any such successor that assumes and agrees to perform this
         Agreement, by operation of law or otherwise.

         11.      MISCELLANEOUS.

                  (a) This Agreement shall be governed by, and construed in
         accordance with, the laws of the State of Ohio without reference to
         principles of conflict of laws. The captions of this Agreement are not
         part of the provisions hereof and shall have no force or effect. This
         Agreement may not be amended or modified except by a written agreement
         executed by the parties hereto or their respective successors and legal
         representatives.

                                      -16-
<PAGE>
                  (b) All notices and other communications under this Agreement
         shall be in writing and shall be given by hand delivery to the other
         party or by registered or certified mail, return receipt requested,
         postage prepaid, addressed as follows:

         IF TO SBROCHI:

                  Mark Sbrochi
                  3365  Anchorage Lane
                  Hilliard, OH  43026

         IF TO THE BANK:

                  Commerce National Bank
                  100 East Wilson Bridge Road
                  Worthington, OH  43085

                  Attention:  Chief Executive Officer

         Or to such other address as either party furnishes to the other in
         writing in accordance with this paragraph. Notices and communications
         shall be effective when actually received by the addressee.

                  (c) The invalidity or lack of enforceability of any provision
         of this Agreement shall not affect the validity or enforceability of
         any other provision of this Agreement.

                  (d) Notwithstanding any other provision of this Agreement, the
         Bank may withhold from amounts payable under this Agreement all
         Federal, state, local and foreign taxes that are required to be
         withheld by applicable laws or regulations.

                  (e) Sbrochi's or the Bank's failure to insist upon strict
         compliance with any provision of, or to assert any right under, this
         Agreement (including, without limitation, the right of Sbrochi to
         terminate employment For Good Reason pursuant to Paragraph (d) of
         Section 4 of this Agreement) shall not be deemed to be a waiver of such
         provision or right or of any other provision of or right under this
         Agreement.

                                      -17-
<PAGE>

         IN WITNESS WHEREOF, Sbrochi has hereunto set his hand and, pursuant to
the authorization of their Board of Directors, CNB and CNBC have caused this
Agreement to be executed in their name on their behalf, all as of the day and
year first above written.

COMMERCE NATIONAL BANK                        Mark Sbrochi, INDIVIDUAL

By:                                           By:
   ----------------------------                  -------------------------------
Thomas D. McAuliffe                                    Mark Sbrochi
Chief Executive Officer and President

CNBC BANCORP

By:
   -----------------------------------------
Thomas D. McAuliffe
Chairman

                                      -18-
<PAGE>

                   EXHIBIT A - EXAMPLE OF BASE SALARY INCREASE

<TABLE>
<CAPTION>

                                                     2002              2003             2004              2005          2006
<S>                                                 <C>               <C>              <C>               <C>            <C>
Example Diluted Earnings per Share:                 $1.75             $2.15            $1.61             $2.25          $2.68

Percentage Increase/ (Decrease):                                      22.86%          (25.12%)           39.75%         19.11%

Base Salary Increase:                                                 11.43%            0.00%             7.32%          9.56%

Resulting Minimum Base Salary:                   $115,500          $128,702         $128,702          $138,123       $151,328
</TABLE>
<PAGE>

                              EXHIBIT C - BENEFITS

Commerce National Bank 401(k) Savings Plan and Trust
Medical and Prescription Plan Insurance
Medical Flexible Spending Account
Dental, Vision and Well-Care Reimbursement Plan
Group Life and Accidental Death and Dismemberment (AD&D) Insurance
Voluntary Life and Accidental Death and Dismemberment (AD&D) Insurance
Bank Short Term Disability Plan
Group Long Term Disability Insurance
Health Club Reimbursement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]