Document:

EXHBIT 10.60

                               AMENDMENT NO. 1 to
                              EMPLOYMENT AGREEMENT

         THIS AMENDMENT NO. 1 ("Amendment")  dated as of March 28, 2001, entered
into by and among Talk.com Inc., a Delaware  corporation  (the  "Company"),  and
Kevin Griffo ("Employee").

                              W I T N E S S E T H :

         WHEREAS,  the  Company  and  Employee  are  parties  to  an  Employment
Agreement  dated as of March 24,  2000 (the  "Agreement")  pursuant to which the
Company employs Employee as its Executive Vie President, Local Services; and

         WHEREAS,  the Company and  Employee  desire to amend the  Agreement  as
provided herein.

         NOW THEREFORE, in consideration of the foregoing,  the mutual covenants
set forth  herein and other good and  valuable  consideration,  the  receipt and
sufficiency of which is hereby  acknowledged,  the  undersigned  hereby agree as
follows:

1. The Agreement is hereby amended to add the following after Section 4.5:

         4.6      TERMINATION AFTER CHANGE IN CONTROL.

                  4.6.1 If a Change of Control  shall  occur  during the Term of
this Agreement,  the term of Employee's  employment  hereunder shall continue in
effect  until the later of the first  anniversary  of the date of the  Change in
Control  and the date that the Term  would  otherwise  have  terminated  without
regard to the  extension in this  sentence,  except for earlier  termination  as
provided in Section 6 of this Agreement.  The rights and obligations of Employee
and Company under this Agreement upon or after any termination of the Term shall
survive any such termination.

                  4.6.2 Notwithstanding the provisions of Section 6 hereof, if a
Change in Control has occurred and Employee's employment hereunder is terminated
within one year of such  Change in Control:  (i) by Employee  for Good Reason or
(ii) by Company  without Cause,  then Company shall (a) pay to Employee the Base
Salary and  Benefits  through  the date of  termination  plus all amounts due to
Employee  pursuant to any Due Bonus;  (b) pay to Employee,  as severance  pay, a
lump sum amount equal to the sum of (x) twenty-four months' Base Salary plus (y)
an amount equal to the average  annual  incentive  bonus earned by Employee from
Company during the last four (4) completed fiscal years of Company preceding the
date of Change in Control,  or if Employee was not an officer  during any or all
of such prior four (4) fiscal  years,  the  average of the  incentives  received
during the fiscal years when  Employee was such an officer;  (c) for a period of
two years after the date of termination,  arrange to provide Employee with life,

<PAGE>

disability,  sickness and accident, health, vision and dental insurance benefits
substantially similar to those that Employee was entitled prior to the Change in
Control,  as well as with the other  fringe  benefits and  perquisites  to which
Employee was entitled  pursuant to Section 4.3; and (d)  reimburse  Employee for
expenses  that may have been  incurred,  but which  have not been paid as of the
date of termination, subject to the requirements of Section 4.4 hereof."

2.  The first sentence of Section 6 is hereby amended to read as follows:

"Except as provided  in Section  4.6,  in the event that  Employee's  employment
hereunder  terminates prior to the end of the Term,  Company shall make payments
to Employee as set forth below:"

         IN  WITNESS  WHEREOF,  each of the  parties  hereto has  executed  this
Amendment as of the day and year first written above.

TALK.COM INC.                               EMPLOYEE

By:  /s/                                     /s/
    --------------------------------        ----------------------------------
     Name:  Aloysius T. Lawn IV              Kevin Griffo
     Title: EVP - General Counsel
                  and Secretary

                                       2EXHIBIT 10.61

                               AMENDMENT NO. 1 to
                              EMPLOYMENT AGREEMENT

         THIS AMENDMENT NO. 1 ("Amendment")  dated as of March 28, 2001, entered
into by and among Talk.com Inc., a Delaware  corporation  (the  "Company"),  and
George Vinall ("Employee").

                              W I T N E S S E T H :

         WHEREAS,  the  Company  and  Employee  are  parties  to  an  Employment
Agreement dated as of December 16, 1998 (the "Agreement")  pursuant to which the
Company employs Employee as its Senior Vice President, Business Development; and

         WHEREAS,  the Company and  Employee  desire to amend the  Agreement  as
provided herein.

         NOW THEREFORE, in consideration of the foregoing,  the mutual covenants
set forth  herein and other good and  valuable  consideration,  the  receipt and
sufficiency of which is hereby  acknowledged,  the  undersigned  hereby agree as
follows:

1.  Section 2 of the  Agreement  is hereby  amended in its  entirety  to read as
follows:

"2.  TERM OF  AGREEMENT.  The  term of  Employee's  employment  hereunder  shall
commence  on  December  28, 1998 (the date when  Employee  commences  employment
hereunder, the "Commencement Date") and shall continue in effect for a period of
six years thereafter, except as hereinafter provided (the "Term")."

2.  Section 4.1 of the  Agreement  is hereby  amended in its entirety to read as
follows:

"4.1 BASE SALARY.  During the Term,  Company shall pay to Employee a base salary
("Base Salary") at the rate of two hundred fifty thousand dollars ($250,000) per
year,  which  Base  Salary  shall be paid to  Employee  in  accordance  with the
Company's usual and customary payroll practices."

3. The Agreement is hereby amended to add the following after Section 4.6:

         4.7      TERMINATION AFTER CHANGE IN CONTROL.

                  4.7.1    If a Change of Control shall occur during the Term of
this Agreement,  the term of Employee's  employment  hereunder shall continue in
effect  until the later of the first  anniversary  of the date of the  Change in
Control  and the date that the Term  would  otherwise  have  terminated  without
regard to the  extension in this  sentence,  except for earlier  termination  as
provided in Section 6 of this Agreement. The rights and

<PAGE>

obligations  of Employee  and  Company  under this  Agreement  upon or after any
termination of the Term shall survive any such termination.

                  4.7.2    Notwithstanding  the  provisions of Section 6 hereof,
if a Change in Control has  occurred  and  Employee's  employment  hereunder  is
terminated  within one year of such Change in Control:  (i) by Employee for Good
Reason or (ii) by Company without Cause,  then Company shall (a) pay to Employee
the Base Salary and Benefits  through the date of  termination  plus all amounts
due to Employee  pursuant to any Due Bonus;  (b) pay to  Employee,  as severance
pay, a lump sum amount equal to the sum of (x)  twenty-four  months' Base Salary
plus (y) an  amount  equal to the  average  annual  incentive  bonus  earned  by
Employee from Company during the last four (4) completed fiscal years of Company
preceding  the date of Change in  Control,  or if  Employee  was not an  officer
during  any or all of such  prior  four (4)  fiscal  years,  the  average of the
incentives  received  during the fiscal years when Employee was such an officer;
(c) for a period of two years after the date of termination,  arrange to provide
Employee with life, disability, sickness and accident, health, vision and dental
insurance  benefits  substantially  similar to those that  Employee was entitled
prior to the Change in Control,  as well as with the other  fringe  benefits and
perquisites  to which  Employee  was  entitled  pursuant to Section 4.3; and (d)
reimburse Employee for expenses that may have been incurred,  but which have not
been paid as of the date of termination,  subject to the requirements of Section
4.4 hereof."

4.  The first sentence of Section 6 is hereby amended to read as follows:

"Except as provided  in Section  4.7,  in the event that  Employee's  employment
hereunder  terminates prior to the end of the Term,  Company shall make payments
to Employee as set forth below:"

         IN  WITNESS  WHEREOF,  each of the  parties  hereto has  executed  this
Amendment as of the day and year first written above.

TALK.COM INC.                               EMPLOYEE

By:  /s/                                     /s/
    --------------------------------        ---------------------------------
     Name:  Aloysius T. Lawn IV              George Vinall
     Title: EVP - General Counsel
              and Secretary

                                       2EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT
                              --------------------

         THIS EMPLOYMENT AGREEMENT  ("Agreement") is made and entered into as of
the 31st day of December,  2000,  by and among Eagle  Bancorp,  Inc., a Maryland
corporation ("EBI"),  EagleBank, a Maryland corporation ("EagleBank"),  and H.L.
Ward  ("Ward").   EBI  and  EagleBank  are  hereinafter  sometimes  referred  to
individually and together as "Eagle."

                                     RECITAL
                                     -------
         Eagle  desires  to retain  Ward as the  President  and Chief  Executive
Officer of EagleBank and as the Executive Vice President of EBI and Ward desires
to accept such  employment,  all upon the terms and conditions  hereinafter  set
forth.

         NOW, THEREFORE,  in consideration of the recital,  the mutual covenants
and agreements herein contained, and other good and valuable consideration,  the
receipt and  sufficiency of which are hereby  acknowledged,  the parties to this
Agreement, intending to be legally bound, agree as follows:

         1.       Certain Definitions.  As used in this Agreement, the following
                  terms have the meanings set forth below:

                  1.1      "Commencement Date" means December 31, 2000.

                  1.2      "Bank  Regulatory   Agency"  means  any  governmental
                  authority, regulatory agency, ministry, department,  statutory
                  corporation,  central bank or other body of the United  States
                  or of any other  country  or of any  state or other  political
                  subdivision of any of them having  jurisdiction  over Eagle or
                  any  transaction  contemplated,  undertaken  or proposed to be
                  undertaken by Eagle,  including,  but not necessarily  limited
                  to:

                  (a) the Federal  Deposit  Insurance  Corporation  or any other
                  federal or state depository insurance organization or fund;

                  (b)  the  Federal  Reserve  System,  the  Comptroller  of  the
                  Currency, the Maryland Division of Financial Institutions,  or
                  any other federal or state bank  regulatory or  commissioner's
                  office;

                  (c) any Person established,  organized,  owned (in whole or in
                  part) or controlled by any of the foregoing; and

                  (d)  any  predecessor,  successor  or  assignee  of any of the
                  foregoing.

                  1.3      "Bank   Board"   means  the  Board  of  Directors  of
                           EagleBank.

                  1.4      "Bank  Bylaws"  means the Bylaws of  EagleBank  as in
                           effect from time to time.

                  1.5      "Chairman"   means  the  Chairman  of  the  Board  of
                           EagleBank.

                  1.6      "Code"  means the Internal  Revenue Code of 1986,  as
                           amended.

                  1.7      "EBI Board" means the Board of Directors of EBI.

                  1.8      "EBI  Bylaws"  means  the  Bylaws of EBI as in effect
                           from time to time.

                  1.9      "Person"  means any  individual,  firm,  association,
                           partnership,  corporation, limited liability company,
                           group,  governmental  agency or other  authority,  or
                           other organization or entity.

         2.       Employment; Term.
                  -----------------

                  2.1  Position.  Eagle  hereby  employs  Ward to  serve  as the
                  President and Chief Executive  Officer of EagleBank and as the
                  Executive  Vice  President of Eagle  Bancorp,  Inc. Ward shall
                  also be a member of the Bank Board and the EBI Board,  subject
                  to election by the  shareholders  of EagleBank and EBI, as the
                  case may be, in  accordance  with the Bank  Bylaws and the EBI
                  Bylaws, as applicable.

<PAGE>

                  2.2 Term.  The term of this  Agreement  and Ward's  employment
                  hereunder  shall  commence  with  the  Commencement  Date  and
                  continue until  December 31, 2003 (the "Term"),  unless sooner
                  terminated   in  accordance   with  the   provisions  of  this
                  Agreement.

         3.       Duties of Ward.
                  ---------------

                  3.1 Nature and  Substance.  With  respect to  EagleBank,  Ward
                  shall  report  directly to the Chairman and shall be under the
                  direction of the  Chairman.  With  respect to EBI,  Ward shall
                  report directly to the Chairman of the Board of EBI and to the
                  President of EBI and shall be under the direction of them. The
                  specific  powers  and  duties  of Ward  shall be  established,
                  determined  and modified by and within the  discretion  of the
                  Bank Board and the EBI Board,  including (but not  necessarily
                  limited to):

                  (a)  the   coordination  and  leadership  of  the  efforts  of
                  EagleBank to achieve and maintain any and all necessary and/or
                  appropriate  Bank Regulatory  Agency approvals and permissions
                  prerequisite to its successful continued operation,  including
                  coordination   of  the   professional   services  of  counsel,
                  accountants and bank consultants;

                  (b) the  preparation  and  presentation  to the Bank  Board of
                  budgets and  adherence of  EagleBank to those  approved by the
                  Bank Board;

                  (c) the provision of such reports,  updates and other data and
                  information  as may be  reasonably  required by Eagle and Bank
                  Regulatory Agencies;

                  (d)  subject to  guidelines  and/or  criteria  established  by
                  EagleBank, the hiring, promotion,  supervision,  retention and
                  discharge of all  EagleBank  employees,  except for  executive
                  officers of EagleBank at or above the level of Executive  Vice
                  President;

                  (e) the formulation and  implementation of EagleBank  employee
                  personnel  policies and  benefits,  subject to approval by the
                  Bank Board;

                  (f) the promotion of the  reputation and business of EagleBank
                  within the community;

                  (g) the  advancement  of the business  purposes of  EagleBank,
                  including,  but  not  limited  to,  business  development  and
                  customer, depositor and public relations;

                  (h)  participation  in and service  upon such  committees  and
                  subcommittees  as may be directed by the Bank Board and/or the
                  EBI Board,  without additional  compensation to that set forth
                  herein below;

                  (i)  supervision of the  maintenance of the books and accounts
                  and the supervision  and  maintenance of accounts  payable and
                  expenses of EagleBank and the reporting of the status  thereof
                  at each  scheduled or called  meeting of the Bank Board or any
                  committee thereof; provided, however, that all expenditures on
                  behalf of EagleBank  shall be approved in accordance  with the
                  terms and  conditions  of procedures  established  by the Bank
                  Board;

                  (j) such other  duties of the  President  and Chief  Executive
                  Officer of EagleBank as may be  enumerated  in the Bank Bylaws
                  and such other  duties of Executive  Vice  President of EBI as
                  may be enumerated in the EBI Bylaws; and

                  (k) such other  duties and  responsibilities  as are  normally
                  incident  to  the  subject   positions   of  Ward,   including
                  assisting,  directing  and/or  supervising  the operations and
                  other employees of Eagle upon such terms,  conditions,  rules,
                  policies and  regulations  as may be  established  by the Bank
                  Board and/or the EBI Board from time to time.

                  3.2  Performance  of Services.  Ward agrees to devote his full
                  business time and attention to the  performance  of his duties
                  and responsibilities  under this Agreement,  and shall use his
                  best  efforts  and  discharge  his  duties  to

                                       2
<PAGE>
                  the best of his  ability for and on behalf of Eagle and toward
                  its  successful  operation.  Ward shall  comply with all laws,
                  statutes,  ordinances,  rules and regulations  relating to his
                  employment and duties. During the Term of this Agreement, Ward
                  shall not at any time or place  directly or indirectly  engage
                  or agree to engage in any business or practice  related to the
                  banking  business  with or for any other  Person to any extent
                  whatsoever, other than to the extent required by the terms and
                  conditions of this Agreement.  Ward agrees that while employed
                  by Eagle he will not, without the prior written consent of the
                  Bank Board and the EBI Board, engage, or obtain a financial or
                  ownership  interest,   in  any  other  business,   employment,
                  consulting or similar  arrangement,  or other  undertaking (an
                  "Outside  Arrangement")  if  such  Outside  Arrangement  would
                  interfere with the  satisfactory  performance of Ward's duties
                  to Eagle,  present a conflict of interest  with Eagle,  breach
                  Ward's  duty of  loyalty  or  fiduciary  duties to  Eagle,  or
                  otherwise  conflict  with the  provisions  of this  Agreement;
                  provided,  however,  that  Ward  shall not be  prevented  from
                  investing  Ward's  assets  in such form or manner as would not
                  require any  services on the part of Ward in the  operation or
                  the affairs of the entities in which such investments are made
                  and  provided  such  investments  do not present a conflict of
                  interest with Eagle.  Ward shall promptly notify the EBI Board
                  and the Bank  Board of any  Outside  Arrangement  and  provide
                  Eagle with any written agreement in connection therewith.

         4.       Compensation  and  Benefits.  As  full  compensation  for  all
                  services rendered pursuant to this Agreement and the covenants
                  contained herein, EagleBank shall pay to Ward the following:

                  4.1 Salary.  Beginning on the Commencement Date, Ward shall be
                  paid a salary ("Salary") of One Hundred  Ninety-five  Thousand
                  Two Hundred  Fifty  Dollars  ($195,250.00)  on  an  annualized
                  basis. EagleBank shall pay Ward's Salary in equal installments
                  in accordance with EagleBank's  regular payroll periods as may
                  be set by EagleBank from time to time.  Ward's Salary shall be
                  further  increased  from time to time at the discretion of the
                  Bank Board.

                  4.2 Bonus.  During the Term,  Ward shall be paid a bonus ("CEO
                  Bonus") as approved  by the  Benefits  Committee  and the Bank
                  Board.

                  4.3  Withholding.  Payments  of Salary and CEO Bonus  shall be
                  subject  to the  customary  withholding  of  income  and other
                  employment  taxes as is required with respect to  compensation
                  paid by an employer to an employee.

                  4.4  Vacation  and  Leave.  Ward  shall  be  entitled  to such
                  vacation  and leave as may be  provided  for under the current
                  and  future  leave and  vacation  policies  of  EagleBank  for
                  executive officers.

                  4.5 Office  Space.  EagleBank  will provide  customary  office
                  space and office support to Ward beginning on the Commencement
                  Date.

                  4.6 Car  Allowance.  EagleBank  will  pay Ward a  monthly  car
                  allowance of Seven Hundred Fifty Dollars ($750.00).

                  4.7 Non-Life Insurance. EagleBank will provide Ward with group
                  health,  disability  and  other  insurance  as  EagleBank  may
                  determine   appropriate  and  arrange  for  all  employees  of
                  EagleBank.

                  4.8 Life Insurance.
                      ---------------
                  4.8.1  EagleBank will obtain,  and maintain at all times while
                  this Agreement is in effect, a term life insurance policy (the
                  "Policy")  on  Ward  in the  amount  of  Seven  Hundred  Fifty
                  Thousand  Dollars  ($750,000.00),  the particular  product and
                  carrier  to be chosen by  EagleBank  in its  discretion.  Ward
                  shall  have the  right to  designate  the  beneficiary  of the
                  Policy.  EagleBank  will pay the premium for the Policy at the
                  standard  rate.  In the event  Ward is rated  and the  premium
                  exceeds  the  standard  rate,  Ward shall be  responsible  for
                  paying the excess, which shall be deducted from Ward's Salary.

                                       3
<PAGE>
                  4.8.2  EagleBank  may,  at  its  cost,   obtain  and  maintain
                  "key-man"  life insurance on Ward in such amount as determined
                  by the Bank Board from time to time.  Ward agrees to cooperate
                  fully and to take all actions reasonably required by EagleBank
                  in connection with such insurance.

                  4.9 Expenses.  EagleBank  shall promptly upon  presentation of
                  proper expense reports therefor  reimburse Ward, in accordance
                  with the policies and procedures established from time to time
                  by  EagleBank  for  its  senior  executive  officers,  for all
                  reasonable  and  customary  travel (other than local use of an
                  automobile for which Ward is being provided the car allowance)
                  and  other  out-of-pocket  expenses  incurred  by  Ward in the
                  performance  of his  duties  and  responsibilities  under this
                  Agreement  and  promoting  the  business  of Eagle,  including
                  appropriate  membership  fees,  dues and the cost of attending
                  meetings and conventions.

                  4.10 Retirement  Plans.  Ward shall be entitled to participate
                  in any and all qualified  pension or other retirement plans of
                  EagleBank  which may be applicable  to executive  personnel of
                  EagleBank.

                  4.11  Warrants.  Ward shall be issued  warrants  or options to
                  acquire  shares  of  EBI  stock  from  time  to  time  at  the
                  discretion of the EBI Board following a recommendation  by the
                  Bank Board.

                  4.12 Other Benefits.  While this Agreement is in effect,  Ward
                  shall  be  entitled  to  all  other  benefits  that  EagleBank
                  provides from time to time to its senior  executive  officers,
                  including, but not limited to, any stock option plan and other
                  incentive plans.

                  4.13 Eligibility. Participation in any health, life, accident,
                  disability,  medical expense or similar  insurance plan or any
                  qualified pension or other retirement plan shall be subject to
                  the terms and  conditions  contained in such plan. All matters
                  of eligibility for benefits under any insurance plans shall be
                  determined in accordance with the provisions of the applicable
                  insurance policy issued by the applicable insurance company.

         5.       Conditions  Subsequent  to Continued  Operation  and Effect of
                  --------------------------------------------------------------
                  Agreement.
                  -----------
                  5.1  Continued  Approval  by Bank  Regulatory  Agencies.  This
                  Agreement  and  all of  its  terms  and  conditions,  and  the
                  continued  operation and effect of this  Agreement and Eagle's
                  continuing  obligations  hereunder,  shall  at  all  times  be
                  subject  to the  continuing  approval  of  any  and  all  Bank
                  Regulatory Agencies whose approval is a necessary prerequisite
                  to the  continued  operation  of  Eagle.  Should  any  term or
                  condition  of  this   Agreement,   upon  review  by  any  Bank
                  Regulatory Agency, be found to violate or not be in compliance
                  with any  then-applicable  statute  or any  rule,  regulation,
                  order or  understanding  promulgated  by any  Bank  Regulatory
                  Agency,  or  should  any  term  or  condition  required  to be
                  included herein by any such Bank Regulatory  Agency be absent,
                  this Agreement may be rescinded and terminated by Eagle if the
                  parties hereto cannot in good faith agree upon such additions,
                  deletions,  or  modifications  as may be deemed  necessary  or
                  appropriate to bring this Agreement into compliance.

         6.       Termination  of  Agreement.  This  Agreement may be terminated
                  prior to expiration of the Term as provided below.

                  6.1      Definition of Cause.  For purposes of this Agreement,
                  "Cause" means:

                           (a)   any   act   of   theft,   fraud,    intentional
                           misrepresentation  or  similar  conduct  by  Ward  in
                           connection  with  or  associated  with  the  services
                           rendered by Ward to Eagle under this Agreement;

                           (b) any failure of this  Agreement to comply with any
                           Bank Regulatory Agency requirement which is not cured
                           in  accordance  with  Section 5.1 within a reasonable
                           period of time after written notice thereof;

                           (c) any Bank  Regulatory  Agency action or proceeding
                           against  Ward as a result of his  negligence,  fraud,
                           malfeasance or misconduct;

                                       4
<PAGE>

                           (d) material  failure of EagleBank to achieve  budget
                           requirements,   performance   standards   or  targets
                           established  annually by the Bank  Board,  where such
                           failure is not the result of economic  conditions  or
                           lack of  appropriate  effort  and/or due diligence by
                           Ward; or

                           (e) any of the following  conduct on the part of Ward
                           that  Ward has not  been  corrected  or cured  within
                           thirty (30) days after having received written notice
                           from Eagle detailing and describing such conduct:

                                    (i)      the use of drugs,  alcohol or other
                                             substances  by  Ward  to an  extent
                                             which materially interferes with or
                                             prevents   Ward   from   performing
                                             Ward's duties under this Agreement;

                                    (ii)     failure by or the inability of Ward
                                             to devote full time,  attention and
                                             energy to the performance of Ward's
                                             duties  pursuant to this  Agreement
                                             (other  than by reason of his death
                                             or disability);

                                    (iii)    intentional   material  failure  by
                                             Ward  to  carry  out  the  explicit
                                             lawful and  reasonable  directions,
                                             instructions,    policies,   rules,
                                             regulations  or  decisions  of  the
                                             Bank  Board  and/or  the EBI  Board
                                             which  are   consistent   with  his
                                             position  as  President  and  Chief
                                             Executive   Officer  or   EagleBank
                                             and/or his  position  as  Executive
                                             Vice President of EBI; or

                                    (iv)     willful or  intentional  misconduct
                                             on the part of Ward that results in
                                             substantial  injury to Eagle or any
                                             of  its  parent,   subsidiaries  or
                                             affiliates.

                  6.2      Termination by Eagle.
                           ---------------------

                           6.2.1 For Cause. Eagle shall have the right to cancel
                           and terminate  this  Agreement and Ward's  employment
                           for Cause immediately on written notice,  with Ward's
                           compensation  and benefits  ceasing as of Ward's last
                           day of employment, provided, however, that Ward shall
                           be  entitled  to  benefits  through  the  last day of
                           employment and accrued compensation to that date.

                           6.2.2  Without  Cause.  Eagle shall have the right to
                           cancel  and  terminate   this  Agreement  and  Ward's
                           employment  at any  time on  written  notice  without
                           Cause for any or no reason,  with Ward's compensation
                           and  benefits  ceasing  as  of  Ward's  last  day  of
                           employment, subject to the provisions of Section 6.4.
                           and Article 8.

                  6.3  Termination by Ward.  Ward shall have the right to cancel
                  and terminate this Agreement and his employment at any time on
                  sixty (60) days prior written  notice to the Bank Board,  with
                  Ward's compensation and benefits ceasing as of Ward's last day
                  of employment,  provided, however, that Ward shall be entitled
                  to  benefits  through the last day of  employment  and accrued
                  compensation to that date.

                  6.4 Severance. Except as set forth below, if Ward's employment
                  with Eagle is terminated by Eagle or its successors during the
                  Term without Cause,  EagleBank  shall,  for the balance of the
                  Term,  continue  to pay Ward,  in the manner set forth  below,
                  Ward's  Salary  at the  rate  being  paid  as of the  date  of
                  termination   plus  the  unpaid   portion  of  any  CEO  Bonus
                  previously  approved  as provided  in Section  4.2;  provided,
                  however,  that Ward shall not be entitled to any such payments
                  of Salary if (i) his employment is terminated due to his death
                  or  long-term  disability  or (ii) this  Agreement is rendered
                  null and void  pursuant  to  Section  5.1 or (iii)  there is a
                  Change in Control Termination (as defined in Section 8.2). Any
                  Salary and CEO Bonus due Ward  pursuant  to this  Section  6.4
                  shall be paid to Ward in  installments on the same schedule as
                  Ward was paid  immediately  prior to the date of  termination,
                  each  installment  to be the same  amount Ward would have been
                  paid under this  Agreement if he had not been  terminated.  In
                  the event Ward  breaches  any  provision  of Article 7 of this
                  Agreement,  Ward's  entitlement  to any  Salary  or CEO  Bonus
                  payable pursuant to this Section 6.4, if and to the extent not
                  yet paid, shall thereupon immediately cease and terminate.

                                       5
<PAGE>

         7.       Confidentiality; Non-Competition; Non-Interference.
                  ---------------------------------------------------

                  7.1  Confidential  Information.  Ward,  during  employment  by
                  Eagle,  will have access to and become  familiar  with various
                  confidential and proprietary information of Eagle, its parent,
                  subsidiaries and/or affiliates and/or relating to the business
                  of  Eagle,   its  parent,   subsidiaries   and/or   affiliates
                  ("Confidential  Information"),  including, but not limited to:
                  business plans;  operating results;  financial  statements and
                  financial information;  contracts;  mailing lists;  purchasing
                  information;   customer  data  (including  lists,   names  and
                  requirements);    feasibility   studies;   personnel   related
                  information (including  compensation,  compensation plans, and
                  staffing    plans);    internal    working    documents    and
                  communications;  and other materials related to the businesses
                  or  activities  of  Eagle,  its  parent,  subsidiaries  and/or
                  affiliates  which is made  available  only to employees with a
                  need to know or which is not generally  made  available to the
                  public.  Failure  to  mark  any  Confidential  Information  as
                  confidential,  proprietary or protected  information shall not
                  affect  its  status  as part of the  Confidential  Information
                  subject to the terms of this Agreement.

                  7.2 Nondisclosure.  Ward hereby covenants and agrees that Ward
                  shall  not at any  time,  directly  or  indirectly,  disclose,
                  divulge, reveal, report, publish, or transfer any Confidential
                  Information to any Person, or use Confidential  Information in
                  any way or for any  purpose,  except as required in the course
                  of Ward's  employment by Eagle. The covenant set forth in this
                  Section  7.2 shall not apply to  information  now known by the
                  public or which becomes  known  generally to the public (other
                  than as a result  of a breach  of this  Article  7 by Ward) or
                  information that is customarily shown or disclosed.

                  7.3  Documents.   All  files,  papers,   records,   documents,
                  compilations,  summaries,  lists, reports,  notes,  databases,
                  tapes,  sketches,  drawings,   memoranda,  and  similar  items
                  (collectively,  "Documents"),  whether  prepared  by Ward,  or
                  otherwise  provided to or coming into the  possession of Ward,
                  that contain any proprietary  information  about or pertaining
                  or  relating  to  Eagle,  its  parent,   subsidiaries   and/or
                  affiliates and/or their businesses ("Eagle Information") shall
                  at all times remain their exclusive property. Promptly after a
                  request by Eagle or the termination of Ward's employment, Ward
                  shall  take  reasonable  efforts  to (i)  return  to Eagle all
                  Documents in any tangible form (whether  originals,  copies or
                  reproductions)  and all computer disks containing or embodying
                  any Document or Eagle  Information  and (ii) purge and destroy
                  all Documents and Eagle  Information  in any  intangible  form
                  (including  computerized,  digital or other electronic format)
                  as may be requested in writing by the Chairman of the Board of
                  EBI or the Chairman, and Ward shall not retain in any tangible
                  form any such Document or any summary,  compilation,  synopsis
                  or abstract of any Document or Eagle Information.

                  7.4      Non-Competition.
                           ----------------

                           7.4.1  Ward  hereby  acknowledges  and  agrees  that,
                           during the course of employment  by Eagle,  Ward will
                           become  familiar  with and involved in all aspects of
                           the business  and  operations  of Eagle.  Ward hereby
                           covenants and agrees that from the Commencement  Date
                           until  the  earlier  to  occur  of (a) the  date  one
                           hundred  eighty  (180) days after  Ward's last day of
                           employment  with Eagle or (b) December 31, 2003, Ward
                           will not at any time (except for Eagle),  directly or
                           indirectly, in any capacity (whether as a proprietor,
                           owner,   agent,   officer,   director,   shareholder,
                           partner,  principal,  member,  employee,  contractor,
                           consultant  or  otherwise)  render any  services to a
                           bank or  savings  and loan or a holding  company of a
                           bank or savings and loan (in any case, a "Bank") with
                           respect to any Bank office,  branch or other facility
                           (in any case,  a "Branch")  that is located  within a
                           thirty-five  (35)  mile  radius  of the  location  of
                           Eagle's  headquarters on the date hereof  (including,
                           without  limitation,  being involved in any manner in
                           the operations of or having any responsibilities with
                           respect to any Branch).

                           7.4.2  This  Section  7.4 shall not apply if prior to
                           December  31,   2003,   there  is  a  (i)  merger  or
                           consolidation  of  EagleBank  with a third  party  in
                           which  EagleBank is not the survivor,  (ii) sale of a
                           controlling interest in EagleBank to a third party or
                           (iii)  a  sale  of all  or  substantially  all of the
                           business or assets of EagleBank to a third party, and
                           this Agreement is not assigned to such third party or
                           Ward's employment  hereunder is otherwise  terminated
                           by such third party in  connection  with such

                                       6
<PAGE>

                           merger,   consolidation   or  sale.   Further,   mere
                           ownership  of  less  than  two  percent  (2%)  of the
                           securities of any publicly held corporation shall not
                           constitute a violation of this Section.

                  7.5  Non-Interference.  Ward hereby  covenants and agrees that
                  from the  Commencement  Date until the earlier to occur of (a)
                  the date one hundred  eighty  (180) days after Ward's last day
                  of employment  with Eagle or (b) December 31, 2003,  Ward will
                  not,  directly or indirectly,  for himself or any other Person
                  (whether as a proprietor,  owner,  agent,  officer,  director,
                  shareholder, partner, principal, member, employee, contractor,
                  consultant or any other capacity), induce or attempt to induce
                  any customers,  suppliers,  officers, employees,  contractors,
                  consultants, agents or representatives of, or any other person
                  that has a  business  relationship  with,  Eagle or any of its
                  parent, subsidiaries and affiliates to discontinue,  terminate
                  or reduce the extent of their  relationship  with Eagle and/or
                  any such parent, subsidiary or affiliate or to take any action
                  that would disrupt or otherwise be disadvantageous to any such
                  relationship.

                  7.6  Injunction.  In the event of any breach or  threatened or
                  attempted  breach of any such provision by Ward,  Eagle shall,
                  in addition to and not to the  exclusion  of any other  rights
                  and  remedies  at law or in equity,  be  entitled  to seek and
                  receive  from any  court of  competent  jurisdiction  (i) full
                  temporary  and  permanent   injunctive  relief  enjoining  and
                  restraining  Ward and each and every  other  Person  concerned
                  therein from the continuation of such volatile acts and (ii) a
                  decree for specific  performance of the applicable  provisions
                  of this Agreement,  without being required to furnish any bond
                  or other security.

                  7.7      Reasonableness.
                           ---------------

                           7.7.1  Ward has  carefully  read and  considered  the
                           provisions  of this  Article 7 and,  having  done so,
                           agrees that the restrictions and agreements set forth
                           in this  Article  7 are fair and  reasonable  and are
                           reasonably   required  for  the   protection  of  the
                           interests  of Eagle and its  business,  shareholders,
                           directors,   officers  and  employees.  Ward  further
                           agrees  that  the  restrictions  set  forth  in  this
                           Agreement  will not impair or  unreasonably  restrain
                           Ward's ability to earn a livelihood.

                           7.7.2 If any court of competent  jurisdiction  should
                           determine  that the  duration,  geographical  area or
                           scope of any provision or  restriction'  set forth in
                           this   Article  7  exceeds  the   maximum   duration,
                           geographic  area  or  scope  that is  reasonable  and
                           enforceable  under  applicable law, the parties agree
                           that said provision shall  automatically  be modified
                           and shall be deemed to extend  only over the  maximum
                           duration,  geographical area and/or scope as to which
                           such provision or restriction  said court  determines
                           to be valid and  enforceable  under  applicable  law,
                           which  determination  the parties direct the court to
                           make,  and the  parties  agree  to be  bound  by such
                           modified provision or restriction.

         8.       Change in Control.
                  ------------------

                  8.1      Definition.  "Change in  Control"  means and shall be
                           deemed to have occurred if:

                  (a) there shall be consummated any  consolidation or merger of
                  EBI  in  which  EBI  is  not  the   continuing   or  surviving
                  corporation or pursuant to which shares of EBI's capital stock
                  are converted  into cash,  securities or other  property other
                  than a consolidation  or merger of EBI in which the holders of
                  EBI's voting stock  immediately  before the  consolidation  or
                  merger  shall,  upon  consummation  of  the  consolidation  or
                  merger,  own at least fifty  percent (50%) of the voting stock
                  of  the  surviving   corporation,   or  any  sale  of  all  or
                  substantially all of the assets of EBI;

                  (b) any  person  (within  the  meaning of  Sections  13(d) and
                  14(d)(2) of the  Securities  Exchange Act of 1934,  as amended
                  (the "Exchange Act")) shall after the Commencement Date become
                  the  beneficial  owner  (within the meaning of Rules 13d-3 and
                  13d-5 under the  Exchange  Act),  directly or  indirectly,  of
                  securities of EBI representing fifty-one percent (51%) or more
                  of the voting power of then all outstanding  securities of EBI
                  entitled to vote generally in the election of directors of EBI
                  (including, without limitation, any securities of EBI that any
                  such  person  has  the  right  to  acquire   pursuant  to  any
                  agreement,  or upon exercise of conversion rights, warrants or
                  options,  or  otherwise,  which  shall be deemed  beneficially
                  owned by such person); or

                                       7
<PAGE>

                  (c)  individuals who at the  Commencement  Date constitute the
                  entire EBI Board and any new directors  whose  election by the
                  EBI  Board,   or  whose   nomination  for  election  by  EBI's
                  stockholders, shall have been approved by a vote of at least a
                  majority  of the  directors  then in office  who  either  were
                  directors  at the  Commencement  Date  or  whose  election  or
                  nomination  for election  shall have been so  approved,  shall
                  cease for any reason to  constitute at least a majority of the
                  EBI Board.

                  8.2      Change in Control  Termination.  For purposes of this
                  Agreement,  a "Change in Control Termination" means that while
                  this Agreement is in effect:

                  (a) Ward's  employment  with  EagleBank is terminated  without
                  Cause  within one hundred  twenty (120) days  immediately  (i)
                  prior to and in  conjunction  with a Change in Control or (ii)
                  following consummation of a Change in Control; or

                  (b) Ward is  notified  within one  hundred  twenty  (120) days
                  immediately prior to or immediately following  consummation of
                  a Change  in  Control  that,  as a  result  of the  Change  in
                  Control,  he will not be continued  in a  comparable  position
                  (with comparable  compensation and benefits) with EagleBank to
                  the  position  Ward holds at the time such  notice is given if
                  the notice is given  prior to the Change in Control or, if the
                  notice is given  after a Change in  Control,  to the  position
                  Ward held  immediately  prior to the  Change in  Control,  and
                  within  fifteen (15) days after  receiving  such  notification
                  Ward notifies EBI and  EagleBank  that he is  terminating  his
                  employment due to such change in his employment, with his last
                  day of employment to be mutually  agreed to by EBI,  EagleBank
                  and Ward but  which  shall be not more  than  sixty  (60) days
                  after such notice is given by Ward; or

                  (c) If at the  expiration of the one hundred  twenty (120) day
                  period  immediately  following  consummation  of a  Change  in
                  Control (the "Action  Period") none of the events described in
                  Sections 8.2(a) and 8.2(b) above have occurred,  Ward,  within
                  the thirty (30) day period immediately  following the last day
                  of the Action  Period,  notifies EBI and EagleBank  that he is
                  terminating his employment due to the Change in Control,  with
                  his last day of  employment  to be mutually  agreed to by EBI,
                  EagleBank and Ward but which shall be not more than sixty (60)
                  days after such notice is given by Ward.

                  8.3      Change in  Control  Payment.  If there is a Change in
                  Control  Termination,  Ward  shall  be  paid a  lump-sum  cash
                  payment  (the "Change  Payment")  by  EagleBank  equal to 2.99
                  times Ward's  Salary at the highest rate in effect  during the
                  twelve (12) month period immediately preceding his last day of
                  employment,  such  Change  Payment  to be made to Ward  within
                  forty-five (45) days after his last day of employment.

                  8.4      Adjustment.
                           -----------

                  (a)   Notwithstanding   anything  in  this  Agreement  to  the
                  contrary,  if the  Determining  Firm (as  defined  in  Section
                  8.4(b))  determines  that any  portion of the  Change  Payment
                  and/or  the   portions,   if  any,   of  other   payments   or
                  distributions in the nature of compensation by EagleBank to or
                  for the  benefit of Ward  (including,  but not limited to, the
                  value of the  acceleration  in  vesting of  restricted  stock,
                  options or any other stock-based  compensation) whether or not
                  paid or payable or  distributed or  distributable  pursuant to
                  the  terms of this  Agreement  (collectively  with the  Change
                  Payment, the "Aggregate Payment"),  would cause any portion of
                  the Aggregate  Payment to be subject to the excise tax imposed
                  by Code  Section 4999 or would be  nondeductible  by EagleBank
                  pursuant to Code  Section  280G (such  portion  subject to the
                  excise tax or being nondeductible,  the "Parachute  Payment"),
                  the  Aggregate  Payment  will be reduced,  beginning  with the
                  Change Payment,  to an amount which will not cause any portion
                  of the Aggregate Payment to constitute a Parachute Payment.

                  (b) All determinations  required to be made under this Section
                  8.4, will be made by a reputable  law or accounting  firm (the
                  "Determining  Firm")  selected  by  EagleBank.  All  fees  and
                  expenses of the Determining Firm will be obligations solely of
                  EagleBank.  The  determination of the Determining Firm will be
                  binding upon EagleBank and Ward.

                                       8
<PAGE>

         9. Assignability.  Ward shall have no right to assign this Agreement or
         any of Ward's  rights or  obligations  hereunder  to  another  party or
         parties.

         10. Governing Law. This Agreement shall be governed by and construed in
         accordance  with  the  laws of the  State  of  Maryland  applicable  to
         contracts executed and to be performed  therein,  without giving to the
         choice of law rules thereof.

         11. Notices.  All notices,  requests,  demands and other communications
         required  to be given or  permitted  to be given  under this  Agreement
         shall be in writing and shall be conclusively deemed to have been given
         (1) when hand  delivered to the other party,  or (2) when received when
         by facsimile at the address a number set forth below provided  however,
         that notices given by facsimile  shall no be effective  unless either a
         duplicate copy of such facsimile notice is promptly given by depositing
         same in a States post office first-class  postage prepaid and addressed
         to the parties as set forth below,  or the receiving  party  delivers a
         written  confirmation of receipt for such notice either by facsimile or
         any other  method  permitted  under this sub  additionally,  any notice
         given by facsimile shall be deemed received on the next business day if
         such  notice is  received  after 5:00 p.m.  (recipient's  time) or on a
         non-business  day); or three (3) business days after the same have been
         deposited  in a United  States post office with  first-class  certified
         mail,  return receipt,  postage prepaid and addressed to the parties as
         set forth  below;  or (4) the next  business  day after  same have been
         deposited  with  a  national   overnight  delivery  service  reasonably
         approved by the parties  (Federal  Express  and DHL  WorldWide  Express
         being deemed approved by the parties),  postage  prepaid,  addressed to
         the  parties  as  set  forth  below  with  next-business-day   delivery
         guaranteed,  provided that the sending party received a confirmation of
         delivery from the delivery service provider. The address of a party set
         forth below may be changed by that party by written notice to the other
         from time to time pursuant to this Article.

                  To:      H.L. Ward
                           17508 Old Baltimore Rd.
                           Olney, MD 20832

                  To:      EBI and EagleBank
                           C/O Ronald D. Paul
                           7815 Woodmont Ave.
                           Bethesda, MD 20814

                  cc:      Kennedy, Baris & Lundy
                           David Baris
                           4701 Sangamore Road
                           Suite P-15
                           Bethesda, MD 20814

         12. Entire Agreement. This Agreement contains all of the agreements and
         understandings   between  the  parties   hereto  with  respect  to  the
         employment  of Ward by Eagle,  and  supersedes  all  prior  agreements,
         arrangements and  understandings  related to the subject matter hereof.
         No oral  agreements or written  correspondence  shall be held to affect
         the  provisions  hereof.  No  representation,  promise,  inducement  or
         statement  of  intention  has been made by either party that is not set
         forth in this Agreement,  and neither party shall be bound by or liable
         for any alleged  representation,  promise,  inducement  or statement of
         intention not so set forth.

         13.  Headings.  The  Article  and Section  headings  contained  in this
         Agreement  are for  reference  purposes  only and  shall not in any way
         affect the meaning or interpretation of this Agreement.

         14.  Severability.  Should any part of this Agreement for any reason be
         declared or held illegal, invalid or unenforceable,  such determination
         shall not  affect  the  legality,  validity  or  enforceability  of any
         remaining  portion or  provision  of this  Agreement,  which  remaining
         portions  and  provisions  shall  remain in force and effect as if this
         Agreement has been executed with the illegal,  invalid or unenforceable
         portion thereof eliminated.

         15. Amendment:  Waiver. Neither this Agreement nor any provision hereof
         may be amended,  modified,  changed,  waived,  discharged or terminated
         except by an  instrument  in writing  signed by the party against which
         enforcement of

                                       9
<PAGE>

         the amendment,  modification,  change, waiver, discharge or termination
         is sought.  The failure of either party at any time or times to require
         performance of any provision  hereof shall not in any manner affect the
         right at a later time to enforce the same. No waiver by either party of
         the  breach  of any  term,  provision  or  covenant  contained  in this
         Agreement,  whether  by  conduct  or  otherwise,  in any  one  or  more
         instances,  shall be  deemed  to be,  or  construed  as, a  further  or
         continuing  waiver of any such breach, or a waiver of the breach of any
         other term, provision or covenant contained in this Agreement.

         16.  Gender  and  Tense.  As  used in this  Agreement,  the  masculine,
         feminine and neuter gender,  and the singular or plural  number,  shall
         each be deemed to include the other or others  whenever  the context so
         indicates.

         17.  Binding  Effect.  This Agreement is and shall be binding upon, and
         inures to the benefit of, Eagle,  its successors and assigns,  and Ward
         and his  heirs,  executors,  administrators,  and  personal  and  legal
         representatives.

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

         EAGLEBANK

         By:   ______________________

         Title: ______________________

         EAGLE BANCORP, INC.

         By:    ______________________

         Title: ______________________

         H.L. WARD

         ----------------------------
         H.L. Ward

         ----------------------------
         Date

                                       10

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