Document:

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                                                                   Exhibit 10.29

                              EMPLOYMENT AGREEMENT

                                     Between

                              INTERMET CORPORATION

                                       And

                                JESUS M. BONILLA

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THIS AGREEMENT, dated as of JULY 17, 2003 is made by and between INTERMET
CORPORATION, a Georgia corporation having its principal place of business in
Troy, Michigan (the "Company"), and JESUS M. BONILLA (the "Executive").

WHEREAS, the Company desires the services of the Executive, and the Executive is
willing to render such services; and

WHEREAS, the Company and the Executive have previously entered into an
employment agreement dated SEPTEMBER 16, 2002; and

WHEREAS, in order to secure the continued services of the Executive, the Company
believes it should provide the Executive with an agreement for severance
payments.

NOW, THEREFORE, the Company and the Executive agree as follows:

                      Article 1 - Termination of Employment

1.1   Termination of Employment for Cause or Other Than for Good Reason. If,
      before the end of the Contract Term, the Company terminates the
      Executive's employment for Cause or the Executive terminates employment
      other than for Good Reason, then the Company shall pay to the Executive in
      a lump sum immediately after the Date of Termination that portion of the
      Executive's then current annual base salary which is accrued but unpaid as
      of such Date of Termination. The Executive will not be entitled to receive
      any other compensation or benefits under this Agreement.

1.2   Termination of Employment for Death or Disability. If, before the end of
      the Contract Term, the Executive's employment terminates due to death or
      Disability, the Company shall pay to the Executive (or to the Executive's
      estate), in accordance with Company policy following the Date of
      Termination:

(a)   that portion of the Executive's annual base salary which is accrued but
      unpaid as of the Date of Termination;

(b)   the amount of any Annual Bonus applicable to any Annual Bonus Period which
      ended prior to the Date of Termination, but which is unpaid as of the Date
      of Termination;

(c)   disability, life insurance, and other benefits as typically provided to an
      executive under the Company's employee welfare benefit plans as a result
      of such an executive's death or Disability; and

(d)   a pro rata portion of the Annual Bonus applicable to the Annual Bonus
      Period during which the Date of Termination occurs based upon actual
      performance for the Annual Bonus Period (such pro rata bonus shall be
      based on the portion of such Annual Bonus Period that expired prior to the
      Date of Termination, shall be payable

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      following such Annual Bonus Period in accordance with Company policy and
      shall be determined without regard to any reduction in earnings on account
      of interest paid on additional debt incurred by the Company in connection
      with any Change in Control).

1.3   Termination of Employment By the Company Without Cause or By the Executive
      for Good Reason (other than following a Change of Control). If, before the
      end of the Contract Term, unless such event follows a Change of Control,
      the Executive's employment is terminated by the Company without Cause or
      by the Executive for Good Reason (as that term is defined in the following
      Section 1.4), the Executive shall receive the following:

(a)   In a lump sum, that portion of the Executive's annual base salary which is
      accrued but unpaid as of the Date of Termination and any unpaid Annual
      Bonus applicable to any Annual Bonus Period which ended prior to the Date
      of Termination;

(b)   In monthly payments, the amount of the Executive's annual base salary (not
      taking into account any reductions which would constitute Good Reason)
      which would be payable for the period beginning on the Date of Termination
      and ending on the date that is one (1) year following the Date of
      Termination;

(c)   Following the Annual Bonus Period during which the Date of Termination
      occurs and in accordance with Company policy, a pro rata portion of the
      Annual Bonus applicable to such Annual Bonus Period based upon actual
      performance for the Annual Bonus Period (such pro rata bonus shall be
      based on the portion of such Annual Bonus Period that expired prior to the
      Date of Termination, shall be payable following such Annual Bonus Period
      in accordance with Company policy and shall be determined without regard
      to any reduction in earnings on account of interest paid on additional
      debt incurred by the Company in connection with any Change in Control);
      and

(d)   During the period in which the Executive is receiving the payments set
      forth in subsection 1.3(b) above, the employee benefits to which the
      Executive was entitled during the Contract Term. The employee benefits to
      which the Executive is entitled hereunder shall include the continued use
      of a Company vehicle. The Executive will not be entitled to participate in
      the Company's 401(k) plan, employee stock ownership plan, or similar
      retirement savings plan following the Date of Termination. The amount of
      any employee benefits payable under this Section 1.3(d) and the use of the
      Company vehicle shall be reduced or eliminated to the extent the Executive
      becomes entitled to duplicative benefits by virtue of his/her subsequent
      employment after the Date of Termination.

1.4   For purposes of the foregoing Section 1.3, the term "Good Reason" means
      the occurrence of any one of the following events:

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(a)   assignment to the Executive of any duties materially inconsistent with the
      Executive's current position (or such other position to which he/she may
      have been promoted), or any other action that results in a material and
      adverse change in the Executive's position, status, title or
      responsibilities, provided, however, that (i) a change of title or change
      in reporting relationship that does not otherwise result in a material
      diminution of status or responsibilities, or (ii) a change that results in
      the Executive not serving as a member of the Company's highest level
      executive committee (currently designated as the Company's Operating
      Committee) will not constitute Good Reason,

(b)   the failure of the Company to assign this Agreement to a successor to the
      Company,

(c)   any reduction in the Executive's annual base salary or any change in the
      Executive's Annual Bonus that is not permitted by Section 2.1 hereof , or

(d)   any other material adverse change to the terms and conditions of the
      Executive's employment under this Agreement,

if the Company fails to cure such event within thirty (30) days after written
notice from the Executive; provided, however, that if the event is intentional,
knowing or repeated, the Executive shall not be required to provide written
notice or an opportunity to cure.

1.5   Termination of Employment By the Company Without Cause or By the Executive
      for Good Reason (following a Change of Control). If, before the end of the
      Contract Term, and within twenty-four (24) months following a Change of
      Control, the Executive's employment is terminated by the Company without
      Cause or by the Executive for Good Reason (as that term is defined in the
      following Section 1.6), the Executive shall receive the following:

(a)   In a lump sum, that portion of the Executive's annual base salary which is
      accrued but unpaid as of the Date of Termination and any unpaid Annual
      Bonus applicable to any Annual Bonus Period which ended prior to the Date
      of Termination;

(b)   In monthly payments, the amount of the Executive's annual base salary (not
      taking into account any reductions which would constitute Good Reason)
      which would be payable for the period beginning on the Date of Termination
      and ending on the date that is two (2) years following the Date of
      Termination;

(c)   Following the Annual Bonus Period during which the Date of Termination
      occurs and in accordance with Company policy, a pro rata portion of the
      Annual Bonus applicable to such Annual Bonus Period based upon actual
      performance for the Annual Bonus Period (such pro rata bonus shall be
      based on the portion of such Annual Bonus Period that expired prior to the
      Date of Termination, shall be payable following such Annual Bonus Period
      in accordance with Company policy and shall be determined without regard
      to any reduction in earnings on account of interest

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      paid on additional debt incurred by the Company in connection with any
      Change in Control); and

(d)   During the period in which the Executive is receiving the payments set
      forth in subsection 1.5(b) above, the employee benefits to which the
      Executive was entitled during the Contract Term. The employee benefits to
      which the Executive is entitled under this Section 1.5(d) shall include
      the continued use of a Company vehicle. The Executive will not be entitled
      to participate in the Company's 401(k) plan, employee stock ownership
      plan, or similar retirement savings plan following the Date of
      Termination. The amount of any employee benefits payable under this
      Section 1.5(d) shall be reduced or eliminated to the extent the Executive
      becomes entitled to duplicative benefits by virtue of his/her subsequent
      employment after the Date of Termination.

1.6   For purposes of the foregoing Section 1.5, the term "Good Reason" means
      the occurrence of any one of the following events:

(a)   assignment to the Executive of any duties materially inconsistent with the
      Executive's current position (or such other position to which he/she may
      have been promoted), or any other action that results in a material and
      adverse change in the Executive's position, status, title or
      responsibilities,

(b)   the failure of the Company to assign this Agreement to a successor to the
      Company,

(c)   any reduction in the Executive's annual base salary or any change in the
      Executive's Annual Bonus that is not permitted by Section 2.1 hereof

(d)   any other material adverse change to the terms and conditions of the
      Executive's employment under this Agreement, or

(e)   any change that would require the Executive's place of employment to be
      located outside a radius of thirty-five (35) miles of the Executive's
      current place of employment,

if the Company fails to cure such event within thirty (30) days after written
notice from the Executive; provided, however, that if the event is intentional,
knowing or repeated, the Executive shall not be required to provide written
notice or an opportunity to cure.

1.7   Other Termination Benefits. In addition to any amounts or benefits
      provided upon termination of employment hereunder and except as otherwise
      provided herein, the Executive shall be entitled to any payments or
      benefits explicitly provided under the terms of any plan, policy or
      program of the Company or as otherwise required by applicable law.

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                         Article 2 - Certain Definitions

2.1   "Annual Bonus" means the annual cash bonus paid to the Executive pursuant
      to the Company's annual bonus plan. During the Contract Term, the Company
      shall maintain an annual bonus plan that provides the Executive with
      benefits that are

      substantially equivalent to the benefits provided under the Company's
      current annual bonus plan, provided, however, that the Company shall
      continue to be permitted to adjust bonus participation levels for company
      executives, including for the Executive, based on performance factors in
      accordance with the Company's current practice.

2.2   "Annual Bonus Period" means the annual period on which the Executive's
      Annual Bonus is based.

2.3   "Contract Term" means the period commencing on SEPTEMBER 16 , 2002 and
      ending on SEPTEMBER 15 , 2003; provided, however, that commencing
      SEPTEMBER 17, 2002 the Contract Term shall be automatically extended by
      one day on each day the Executive remains employed; and, provided further,
      that notwithstanding anything herein to the contrary, the Contract Term
      and all obligations of the Company hereunder shall terminate on the
      Executive's sixty-fifth (65th) birthday.

2.4   "Date of Termination" means the date on which the Executive's employment
      with the Company terminates.

2.5   "Disability" means any medically determinable physical or mental
      impairment that can be expected to last for a continuous period of not
      less than six (6) months, and that renders the Executive unable to perform
      the duties required under this Agreement. The date of the determination of
      Disability is the date on which the Executive is certified as having
      incurred a Disability by a physician acceptable to the Company.

2.6   "Cause" means (a) the Executive's committing any felony or other crime
      involving dishonesty; (b) any serious misconduct in the course of the
      Executive's employment; or (c) the Executive's habitual neglect of the
      Executive's duties (other than on account of Disability), except that
      Cause shall not mean:

(1)   bad judgment or negligence other than habitual neglect of duty;

(2)   any act or omission believed by the Executive in good faith to have been
      in or not opposed to the interest of the Company (without intent of the
      Executive to gain therefrom, directly or indirectly, a profit to which the
      Executive was not legally entitled); or

(3)   any act or omission with respect to which a determination could properly
      have been made that the Executive met the applicable standard of conduct
      for indemnification

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      or reimbursement under the by-laws of the Company, any applicable
      indemnification agreement or the laws and regulations under which the
      Company is governed, in each case in effect at the time of such act or
      omission.

2.7   "Change in Control" means the occurrence of any of the following events:

(a)   any "person" (as such term is defined in Section 3(a)(9) of the Securities
      Exchange Act of 1934 (the "Exchange Act") and as used in Sections 13(d)(3)
      and 14(d)(2) of the Exchange Act) is or becomes a "beneficial owner" (as
      defined in Rule 1 3d-3 under the Exchange Act), directly or indirectly, of
      securities of the Company representing 30% or more of the combined voting
      power of the Company's then outstanding securities eligible to vote for
      the election of the Board of Directors of the Company (the "Company Voting
      Securities") provided, however, that the event described in this paragraph
      shall not be deemed to be a Change in Control by virtue of any of the
      following acquisitions: (i) by the Company or, direct or indirect,
      majority-owned subsidiaries of the Company, (ii) by any employee benefit
      plan sponsored or maintained by the Company or any corporation controlled
      by the Company, (iii) by any underwriter temporarily holding securities
      pursuant to an offering of such securities, (iv) pursuant to a Non-Control
      Transaction (as defined in paragraph (c)), (v) pursuant to any acquisition
      by the Executive or any group of persons including the Executive, or (vi)
      in which Company Voting Securities are acquired from the Company, if a
      majority of the Board of Directors of the Company approves a resolution
      providing expressly that the acquisition pursuant to this clause (vi) does
      not constitute a Change in Control under this paragraph (a);

(b)   individuals who, on SEPTEMBER 16, 2002, constitute the Board of Directors
      of the Company (the "Incumbent Board") cease for any reason to constitute
      at least a majority thereof, provided that (i) any person becoming a
      director subsequent to SEPTEMBER 16, 2002, whose election, or nomination
      for election, by the Company's shareholders was approved by a vote of at
      least three-quarters of the directors comprising the Incumbent Board
      (either by a specific vote or by approval of the proxy statement of the
      Company in which such person is named as a nominee for director, without
      objection to such nomination) shall be, for purposes of this paragraph
      (b), considered as though such person were a member of the Incumbent
      Board; Provided however, that no individual initially elected or nominated
      as a director of the Company as a result of an actual or threatened
      election contest with respect to directors or any other actual or
      threatened solicitation of proxies or consents by or on behalf of any
      person other than the Board of Directors shall be deemed to be a member of
      the Incumbent Board;

(c)   the consummation of a merger or consolidation or similar form of corporate
      reorganization, or sale or other disposition of all or substantially all
      of the assets, of the Company (a "Business Combination") is consummated,
      unless immediately following such Business Combination: (i) more than 50%
      of the total voting power of the corporation resulting from such Business
      Combination (including, without limitation, for purposes of making such
      50% determination, any shares owned through any entity which directly or
      indirectly has beneficial ownership of the

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      Company Voting Securities or all or substantially all of the Company's
      assets) eligible to elect directors of such corporation is represented by
      shares held by shareholders of the Company immediately prior to such
      Business Combination (either by remaining outstanding or being converted),
      (ii) no person (other than any holding company resulting from such
      Business Combination, any employee benefit plan sponsored or maintained by
      the Company (or the corporation resulting from such Business Combination),
      or any person which beneficially owned, immediately prior to such Business
      Combination, directly or indirectly, 30% or more of the Company Voting
      Securities) becomes the beneficial owner, directly or indirectly of 30% or
      more of the total voting power of the outstanding voting securities
      eligible to elect directors of the corporation resulting from such
      Business Combination, and (iii) at least a majority of the members of the
      board of directors of the corporation resulting from such Business
      Combination were members of the Incumbent Board at the time of the
      execution of the initial agreement, or action of the Board of Directors,
      providing for such Business Combination (a "Non-Control Transaction"); or

(d)   the stockholders of the Company approve a plan of complete liquidation or
      dissolution of the Company.

Notwithstanding the foregoing, a Change in Control shall not be deemed to occur
solely because any person acquires beneficial ownership of more than 30% of the
Company Voting Securities as a result of the acquisition of Company Voting
Securities by the Company which, by reducing the number of Company Voting
Securities outstanding, increases the percentage of shares beneficially owned by
such person; provided, that if a Change in Control would occur as a result of
such an acquisition by the Company (if not for the operation of this sentence),
and after the Company's acquisition such person becomes the beneficial owner of
additional Company Voting Securities that increases the percentage of
outstanding Company Voting Securities beneficially owned by such person, then a
Change in Control shall occur.

2.8   "Good Reason" shall have the meaning set forth in Section 1.4 or 1.6, as
      the case may be.

                        Article 3 - Restrictive Covenants

3.1   Trade Secrets. Confidential and Proprietary Business Information

(a)   The Company has advised the Executive and the Executive acknowledges that
      it is the policy of the Company to maintain as secret and confidential all
      Protected Information (as defined below), and that Protected Information
      has been and will be developed at substantial cost and effort to the
      Company. "Protected Information" means trade secrets, confidential and
      proprietary business information of the Company, any information of the
      Company other than information which has entered the public domain (unless
      such information entered the public domain through the efforts of or on
      account of the Executive), and all valuable and unique information and
      techniques acquired, developed or used by the Company relating to its

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      business, operations, employees and customers, which give the Company a
      competitive advantage over those who do not know the information and
      techniques and which are protected by the Company from unauthorized
      disclosure, including but not limited to, customer lists (including
      potential customers), sources of supply processes, plans, materials,
      pricing information, internal memoranda, marketing plans, internal
      policies, and products and services which may be developed from time to
      time by the Company and its agents or employees.

(b)   The Executive acknowledges that the Executive will acquire Protected
      Information with respect to the Company and its successors in interest,
      which information is valuable, special and a unique asset of the Company's
      business and operations and that disclosure of such Protected Information
      would cause irreparable damage to the Company.

(c)   The Executive shall not, directly or indirectly, divulge, furnish or make
      accessible to any person, firm, corporation, association or other entity
      (otherwise than as may be required in the regular course of the
      Executive's employment) nor use in any manner, either during or after
      termination of employment by the Company any Protected Information or
      cause any such information of the Company to enter the public domain.

3.2   Non-Competition.

(a)   The Executive agrees that the Executive shall not during the Executive's
      employment with the Company, and, if the Executive's employment is
      terminated for any reason other than termination of employment without
      Cause or for Good Reason, thereafter for a period of one (1) year directly
      or indirectly, in any capacity, engage or participate in or become
      employed by or render advisory or consulting or other services in
      connection with any Prohibited Business as defined below.

(b)   The Executive agrees that if the Executive's employment is terminated
      without Cause or for Good Reason, thereafter during the period in which
      the Executive is receiving payments under either Section 1.3(b) or 1.5(b)
      hereof, directly or indirectly, in any capacity, engage or participate in
      or become employed by or render advisory or consulting or other services
      in connection with any Prohibited Business as defined below.

(c)   Notwithstanding Section 3.2(b) above, at any time during which the
      Executive is receiving the payments and benefits due the Executive
      pursuant to Sections 1.3(b) and 1.3(d), or Sections 1.5(b) and 1.5(d), as
      the case may be, the Executive may elect by written notice to the Company
      to forego and release the Company from paying such payments and providing
      such benefits. From and after the date of such notice (i) the Company
      shall have no further obligation to make such payments or provide such
      benefits, and (ii) the obligation of the Executive set forth in Section
      3.2(b) shall terminate.

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(d)   The Executive agrees that the Executive shall not during the Executive's
      employment with the Company, and, if the Executive's employment is
      terminated for any reason, thereafter for a period of one (1) year, make
      any financial investment, whether in the form of equity or debt, or own
      any interest, directly or indirectly, in any Prohibited Business. Nothing
      in this Section 7.02 shall, however, restrict the Executive from making
      any investment in any Company whose stock is listed on a national
      securities exchange or actively traded in the over-the-counter market;
      provided that (i) such investment does not give the Executive the right or
      ability to control or influence the policy decisions of any Prohibited
      Business, and (ii) such investment does not create a conflict of interest
      between the Executive's duties hereunder and the Executive's interest in
      such investment.

(e)   "Prohibited Business" shall be defined as any business and any branch,
      office or operation thereof, which is a direct and material competitor of
      the Company wherever the Company does business, in the United States or
      abroad, and which has established or seeks to establish contact, in
      whatever form (including but not limited to solicitation of sales, or the
      receipt or submission of bids) with any entity who is at any time a
      client, customer or supplier of the Company (including but not limited to
      all subdivisions of the federal government).

3.3   Undertaking Regarding Employees. From the date hereof until two years
      after the Executive's Date of Termination, the Executive shall not,
      directly or indirectly, (a) encourage any employee of the Company or its
      successors in interest to leave their employment with the Company or its
      successors in interest; or (b) employ, hire, solicit or cause to be
      employed or hired or solicited (other than by the Company or its
      successors in interest), or establish a business with, or encourage others
      to hire, any person who within two (2) years prior thereto was employed by
      the Company or its successors in interest.

3.4   Disclosure of Employee-Created Trade Secrets. Confidential and Proprietary
      Business Information. The Executive agrees to promptly disclose to the
      Company all Protected Information developed in whole or in part by the
      Executive during the Executive's employment with the Company and which
      relate to the Company's business. Such Protected Information is, and shall
      remain, the exclusive property of the Company. All writings created during
      the Executive's employment with the Company (excluding writings unrelated
      to the Company's business) are considered to be "works-for-hire" for the
      benefit of the Company and the Company shall own all rights in such
      writings.

                             Article 4 - Successors

4.1   The Company shall cause this Agreement to be binding on the Company and
      any successor to the Company.

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                         Article 5 - Superseding Effect

5.1   This Agreement replaces and supercedes the prior agreement between the
      Company and the Executive dated SEPTEMBER 16, 2002, which prior agreement
      shall have been entered into voluntarily by the Executive and Company, and
      that the replacement of the prior agreement with this Agreement does not
      constitute a material adverse change to the terms and conditions of the
      Executive's employment under the terms of the prior agreement.

INTERMET CORPORATION

By:    /s/ Gary F. Ruff                           /s/ Jesus M. Bonilla
       -----------------------------------        ------------------------------
       Gary F. Ruff                               Jesus M. Bonilla
Title: President & Chief Operating Officer

By:    /s/ John H. Reed
       -----------------------------------
       John H. Reed
       Chairman, Compensation and Human
          Resources Committee

                                       11<PAGE>
                                                                   Exhibit 10.17
                                                                     (Form 10-K)

                           CHANGE IN CONTROL AGREEMENT

      This Change in Control Agreement ("Agreement") is made by and between
Citizens Banking Corporation, a Michigan corporation ("Corporation"), and
_______________________ ("Executive").

      The Corporation anticipates the valuable services that the Executive will
render on behalf of the Corporation and its subsidiary banks and is desirous of
having some assurance that the Executive will continue as an employee and that,
in the event of a possible Change in Control of the Corporation, the Executive
will be able to perform his duties without undue concern for the Executive's
personal financial well-being; and

      The Executive is willing to serve as an employee of the Corporation but
desires assurance that in the event of a Change in Control of the Corporation,
he will continue to have the responsibility and status he has earned.

      Accordingly, the Corporation and the Executive agree as follows:

      1. In order to protect the Executive against the possible consequences of
a Change in Control of the Corporation, as defined in paragraph 2 of this
Agreement, and thereby to induce the Executive to serve as an officer of the
Corporation or a subsidiary bank the Corporation agrees that if (a) there is
such a Change in Control of the Corporation and (b) the Executive's employment
with the Corporation or a subsidiary bank is terminated under the circumstances
described in paragraph 3 of this Agreement, then:

      A. The Corporation shall pay the Executive a lump sum amount in cash equal
to the sum of (i) three times the Executive's annual base salary immediately
prior to the Change in Control (or if higher, the annual base salary on the date
the Executive's employment is terminated) and (ii) three times the greater of
(x) the anticipated bonus amount under the Citizens Banking Corporation
Management Incentive Plan to be earned in accordance with the plan in the year
in which the termination occurs or (y) the highest bonus paid to the Executive
in the last three full calendar years of such employment. The applicable amount
shall be payable within 60 days following the date of the Executive's
termination of employment.

      B. The Executive shall continue to be covered, at the Corporation's cost,
by the medical, dental and life insurance benefit plans that are in effect on
the date of his termination and that cover executive employees, for a period of
thirty-six (36) months after his termination of employment; provided, however,
that if during such time period the Executive should enter into other employment
providing comparable benefits, his participation in such plans of the
Corporation shall cease to the extent of his coverage by his new employer's
plans. Any such non-cash benefit that is tied to compensation shall be based on
the Executive's annual compensation averaged over the same period as applicable
under paragraph A of this Agreement.
<PAGE>
      C. If the Executive was furnished with a club membership, that membership
will be transferred by the Corporation to the Executive at no cost to the
Executive, who immediately following the transfer shall become subject to
monthly dues charges of the club.

      D. All stock options and restricted stock previously granted by the
Corporation to the Executive, whether or not then exercisable, shall become
immediately vested and exercisable.

      E. For a period of one year following termination of the Executive's
employment, the Executive shall be entitled to outplacement services provided by
an outplacement service provider designated by the Corporation. The cost of
providing the outplacement services shall be borne solely by the Corporation,
and shall be equal to the lesser of (i) 10% of the Executive's annual base
salary immediately prior to the Change in Control (or, if higher, the
Executive's annual base salary as of the date of termination of the Executive's
employment) and (ii) $20,000.

      F. If the payment of any of the foregoing amounts or benefits (when added
to any other payments or benefits provided to the Executive in the nature of
compensation) will result in the payment of an excess parachute payment as that
term is defined in Section 280G of the Internal Revenue Code of 1986 ("Code"),
then in such event, the Corporation shall pay the Executive an additional amount
for each calendar year in which an excess parachute payment is received by the
Executive (the "Gross-Up Payment"). The Gross-Up Payment is intended to cover
the Executive's liability for any parachute tax under Code Section 4999 on such
excess parachute payment, as well as federal and state income taxes and
parachute tax on the additional amount, and shall be computed as follows:

            A=Pt/(1 - T - t), where -

            A     is the additional amount for any calendar year;

            P     is the amount of the excess parachute payment for the
                  calendar year in excess of the allocable base amount
                  as defined in Code Section 28OG(b)(3);

            T     is the effective marginal rate of federal and state income tax
                  applicable to the Executive for the calendar year; and

            t     is the rate of parachute tax under Code Section 4999.

            The effective marginal rate of federal and state income tax shall be
            computed as follows:

            T = F + S(l - 0.8F) + m, where -

            F     is the highest marginal rate of federal income tax applicable
                  to the Executive for the calendar year; and

            S     is the highest aggregate marginal rate of state
                  income tax applicable to the Executive for the calendar year
                  in the state or states and municipalities to

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                  which he is then required to pay income taxes as a result
                  of his employment by the Corporation; and

            m     is the employee's portion of the Medicare tax, currently
                  1.45%.

            Payment of the Gross-Up Payment shall be made to the Executive
            on or before December 31 of each calendar year for which an
            excess parachute payment is received by the Executive.

      G. Subject to the provisions of paragraph G, all determinations required
to be made under these paragraphs E, F and G, including whether and when a
Gross-Up Payment is required and the amount of such Gross-Up Payment and the
assumptions to be utilized in arriving at such determination, shall be made by
Ernst & Young, LLP or such other certified public accounting firm reasonably
acceptable to the Corporation as may be designated by the Executive (the
"Accounting Firm") which shall provide detailed supporting calculations both to
the Corporation and the Executive within 15 business days of the receipt of
notice from the Executive that there has been an excess parachute payment, or
such earlier time as is requested by the Corporation. All fees and expenses of
the Accounting Firm shall be borne solely by the Corporation. Any determination
by the Accounting Firm shall be binding upon the Corporation and the Executive.
As a result of the uncertainty in the application of Section 4999 of the Code at
the time of the initial determination by the Accounting Firm hereunder, it is
possible that Gross-Up Payments which will not have been made by the Corporation
should have been made ("Underpayment"), consistent with the calculations
required to be made hereunder. In the event that the Corporation exhausts its
remedies pursuant to paragraph G and the Executive thereafter is required to
make a payment of any Excise Tax, the Accounting Firm shall determine the amount
of the Underpayment that has occurred and any such Underpayment shall be
promptly paid by the Corporation to or for the benefit of the Executive.

      H. The Executive shall notify the Corporation in writing of any claim by
the Internal Revenue Service that, if successful, would require the payment by
the Corporation of the Gross-Up Payment. Such notification shall be given as
soon as practicable but no later than ten business days after the Executive is
informed in writing of such claim and shall apprise the Corporation of the
nature of such claim and the date on which such claim is requested to be paid.
The Executive shall not pay such claim prior to the expiration of the 30-day
period following the date on which it gives such notice to the Corporation (or
such shorter period ending on the date that any payment of taxes with respect to
such claim is due). If the Corporation notifies the Executive in writing prior
to the expiration of such period that it desires to contest such claim, the
Executive shall: (i) give the Corporation any information reasonably requested
by the Corporation relating to such claim, (ii) take such action in connection
with contesting such claim as the Corporation shall reasonably request in
writing from time to time, including, without limitation, accepting legal
representation with respect to such claim by an attorney reasonably selected by
the Corporation, (iii) cooperate with the Corporation in good faith in order
effectively to contest such claim, and (iv) permit the Corporation to
participate in any proceedings relating to such claim; provided, however, that
the Corporation shall bear and pay directly all costs and expenses (including
additional interest and penalties) incurred in connection with such contest and
shall indemnify and hold the Executive harmless, on an after-tax basis, for any
Excise Tax or income tax (including interest and penalties with respect thereto)
imposed as a result of such

                                       3
<PAGE>
representation and payment of costs and expenses. Without limitation on the
foregoing provisions of this subparagraph H, the Corporation shall control all
proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim and may, at its
sole option, either direct the Executive to pay the tax claimed and sue for a
refund or contest the claim in any permissible manner, and the Executive agrees
to prosecute such contest to a determination before any administrative tribunal,
in a court of initial jurisdiction and in one or more appellate courts, as the
Corporation shall determine; provided, however, that if the Corporation directs
the Executive to pay such claim and sue for a refund, the Corporation shall
advance the amount of such payment to the Executive, on an interest-free basis,
and shall indemnify and hold the Executive harmless, on an after-tax basis, from
any Excise Tax and income tax (including interest or penalties with respect
thereto) imposed with respect to such advance or with respect to any imputed
income with respect to such advance calculated as described in subparagraph F of
this section; and further provided that any extension of the statute of
limitations relating to payment of taxes for the taxable year of the Executive
with respect to which such contested amount is claimed to be due is limited
solely to such contested amount. Furthermore, the Corporation's control of the
contest shall be limited to issues with respect to which a Gross-Up Payment
would be payable hereunder and the Executive shall be entitled to settle or
contest, as the case may be, any other issue raised by the Internal Revenue
Service or any other taxing authority. If, after the receipt by the Executive of
an amount advanced by the Corporation pursuant to this subparagraph H, the
Executive becomes entitled to receive any refund with respect to such claim, the
Executive shall (subject to the Corporation's complying with the requirements of
this subparagraph H) promptly pay to the Corporation the amount of such refund
(together with any interest paid or credited thereon after taxes applicable
thereto). If, after the receipt by the Executive of an amount advanced by the
Corporation pursuant to this subparagraph H, a determination is made that the
Executive shall not be entitled to any refund with respect to such claim and the
Corporation does not notify the Executive in writing of its intent to contest
such denial of refund prior to the expiration of 30 days after such
determination, then such advance shall be forgiven and shall not be required to
be repaid and the amount of such advance shall offset, to the extent thereof,
the amount of Gross-Up Payment required to be paid.

      2. For purposes of this Agreement, a "Change in Control" shall mean:

      A. The acquisition by any individual, entity or group (within the meaning
of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act")) (a "Person") of beneficial ownership (within the
meaning of Rule l3d-3 promulgated under the Exchange Act) of 20% or more of
either (1) the then outstanding shares of common stock of the Corporation (the
"Outstanding Corporation Common Stock") or (2) the combined voting power of the
then outstanding voting securities of the Corporation entitled to vote generally
in the election of directors (the "Outstanding Corporation Voting Securities");
provided, however, that for purposes of this subparagraph A, the following
acquisitions shall not constitute a Change in Control: (i) any acquisition
directly from the Corporation, (ii) any acquisition by the Corporation, (iii)
any acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Corporation or any corporation controlled by the Corporation,
or (iv) any acquisition by any corporation pursuant to a transaction which
complies with clauses (1), (2) and (3) of subparagraph C of this paragraph 2; or

                                       4
<PAGE>
      B. Individuals who, as of the date hereof, constitute the Board of
Directors of the Corporation (the "Incumbent Board") cease for any reason to
constitute at least a majority of the Board of Directors; provided, however,
that any individual becoming a director subsequent to the date hereof whose
election, or nomination for election by the Corporation's shareholders, was
approved by a vote of at least a majority of the directors then comprising the
Incumbent Board (either by a specific vote or by approval of the proxy statement
of the Corporation in which such person is named as a nominee for director,
without written objection to such nomination) shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or
contests by or on behalf of a person other than the Board of Directors of the
Corporation; or

      C. Consummation of a reorganization, merger, share exchange or
consolidation or sale of other disposition of all or substantially all of the
assets of the Corporation (a "Business Combination"), in each case, unless,
following such Business Combination: (1) all or substantially all of the
individuals and entities who were the beneficial owners, respectively, of the
Outstanding Corporation Common Stock and Outstanding Corporation Voting
Securities immediately prior to such Business Combination beneficially own,
directly or indirectly, more than 65% of, respectively, the then outstanding
shares of common stock and the combined voting power of the then outstanding
voting securities entitled to vote generally in the election of directors, as
the case may be, of the corporation resulting from such Business Combination
(including, without limitation, a corporation which as a result of such
transaction owns the Corporation or all or substantially all of the
Corporation's assets either directly or through one or more subsidiaries) in
substantially the same proportions as their ownership, immediately prior to such
Business Combination of the Outstanding Corporation Common Stock and Outstanding
Corporation Voting Securities, as the case may be; (2) no Person (excluding any
corporation resulting from such Business Combination or any employee benefit
plan (or related trust) of the Corporation or such corporation resulting from
the Business Combination) beneficially owns, directly or indirectly, 20% or more
of, respectively, the then outstanding shares of common stock of the corporation
resulting from such Business Combination or the combined voting power of the
then outstanding voting securities of such corporation except to the extent that
such ownership existed prior to the Business Combination; and (3) at least a
majority of the members of the board of directors of the corporation resulting
from such Business Combination were members of the Incumbent Board immediately
prior to the time of the execution of the initial agreement, or of the action of
the Board of Directors of the Corporation, providing for such Business
Combination; or

      D. Approval by the stockholders of the Corporation of a complete
liquidation or dissolution of the Corporation.

      3. Termination of the Executive's employment shall mean the Executive's
termination of employment at any time within 3 months prior to, on the date of,
or within 24 months after a Change in Control of the Corporation as defined in
paragraph 2 of this Agreement either by (a) involuntary dismissal by the
Corporation; or (b) the Executive's constructive termination as described in the
following sentences of this paragraph 3. If (i) there is a significant reduction
in the scope of the Executive's authority or in the extent of his powers,
functions, duties or

                                       5
<PAGE>
responsibilities, or (ii) the Executive's annual rate of compensation is reduced
or fringe benefits, including relocation benefits, are not provided to him on a
basis commensurate with other executives of the Corporation and its subsidiary
banks, or (iii) there are changes in the Executive's responsibilities for the
Corporation which require moving the Executive's job location to a location
outside of the lower peninsula of the State of Michigan, then the Executive
shall be entitled to give written notice thereof to the Board of Directors of
the Corporation. If within 60 days following such notice, the Executive and the
Board of Directors of the Corporation do not resolve the Executive's concerns to
the satisfaction of the Executive (the Executive's satisfaction or
dissatisfaction to be communicated to the Board of Directors of the Corporation
in writing within such 60 days), the Executive's employment shall be deemed to
be constructively terminated at the end of such 60-day period.

      4. The specific arrangements referred to above are not intended to exclude
the Executive's participation in other benefits available to executive personnel
of the Corporation generally or to preclude other compensation or benefits as
may be authorized by the Corporation's Board of Directors from time to time.

      5. As partial consideration for the above, the Executive agrees not to
disclose any confidential information about the Corporation and its operation to
which the Executive was privy during the course of his employment by the
Corporation. Further, the Executive agrees not to accept employment or consult
for or otherwise assist any competitor of the Corporation for a period of 24
months following his termination of employment. For purposes of the foregoing,
"competitor" means any financial institution that conducts business from any
location within 50 miles of any location at which the Corporation or any
subsidiary bank had an office on the day immediately prior to the day on which
the Change of Control of the Corporation occurred.

                                       6
<PAGE>
      6. This Agreement shall be binding upon and shall inure to the benefit of
the respective successors, assigns, legal representatives and heirs to the
parties.

      7. Any payment or delivery required under this agreement shall be subject
to all requirements of the law with regard to withholding, filing, making of
reports and the like, and the Corporation shall use its best efforts to satisfy
promptly all such requirements.

      8. Notwithstanding anything contained herein to the contrary, this
Agreement shall be terminated and no benefits to the Executive shall be payable
if, at any time, the Executive shall resign voluntarily (other than as provided
in Section 3) , retire at or after normal retirement age, become incapacitated,
voluntarily take another position requiring a substantial portion of his time,
or die. This Agreement also shall terminate upon termination for cause of the
Executive's employment as an officer of the Corporation or any subsidiary bank
by the Incumbent Board. For purposes of the foregoing, "termination for cause"
means termination due to the Executive's conviction of a felony, a determination
that the Executive is guilty of sexual harassment of another employee, the
Executive's proven embezzlement from the Corporation or a subsidiary bank, the
Executive's gross misconduct or incompetence, the Executive's disclosure of
confidential information of the Corporation or intentional assistance of a
competitor of the Corporation (as defined in paragraph 5), or any other activity
of the Executive which has or may have a material adverse effect on the finances
or business reputation of the Corporation or a subsidiary bank.

      9. Any and all disputes, controversies or claims arising out of or in
connection with or relating to this Agreement or any breach or alleged breach
thereof shall, upon the request of either party, be submitted to and settled by
arbitration in the State of Michigan pursuant to the Voluntary Labor Arbitration
Rules, then in effect, of the American Arbitration Association (or at any other
place or under any other form of arbitration mutually acceptable to the parties
involved). The parties hereto specifically agree to arbitrate with the other
party in a proceeding with regard to all issues and disputes, and to permit
pre-hearing discovery in the time and manner provided by the then applicable
Federal Rules of Civil Procedure. This agreement to arbitrate shall be
specifically enforceable under the prevailing arbitration law. Notice of the
demand for arbitration shall be filed, in writing, with the other party to this
Agreement and with the American Arbitration Association. The demand for
arbitration shall be made within a reasonable time after the claim, dispute, or
other matter in question arose where the party asserting the claim should
reasonably have been aware of the same, but in no event later than the
applicable Michigan or federal statute of limitations. The arbitrator shall have
no power to add to, subtract from, or alter the terms of this Agreement, and
shall render a written decision setting forth findings and conclusions only as
to the claims or disputes at issue. Any award by the arbitrator shall be final
and conclusive upon the parties, and a judgement thereon may be entered in the
highest court for the forum, state or federal, having jurisdiction. All expenses
of the arbitration process shall be borne by the Corporation. The Corporation
shall reimburse the Executive for the reasonable fees of legal counsel as
incurred in connection with arbitrating the enforcement of any of the
Executive's rights under this Agreement. However, in no event shall the
Executive be entitled to retain any fees so reimbursed if the claim brought by
the Executive against the

                                       7
<PAGE>
Corporation is in the arbitrator's sole determination frivolous or was brought
in bad faith, and the Corporation will be entitled to seek repayment from the
Executive for such fees after such determination by the arbitrator.

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

      11. This Agreement constitutes the entire agreement of the parties with
respect to the subject matter addressed in this Agreement. This Agreement may be
amended only in a written document signed by both the Corporation and the
Executive.

      12. This Agreement shall be governed by the laws of the State of Michigan.
This Agreement has been executed by the parties effective as of
__________________________.

CITIZENS BANKING CORPORATION                EXECUTIVE

By:
   --------------------------------         ------------------------------
      William R. Hartman
      Chairman, President and
      Chief Executive Officer

Date:                                        Date:
      -------------------                         -------------------

Name, Principal Position of Participants, and Effective Date of Contract:

William R. Hartman, Chairman, President and Chief Executive Officer, February
25, 2002. Charles D. Christy, Executive Vice President and Chief Financial
Officer, September 3, 2002. John D. Schwab, Executive Vice President and Chief
Credit Officer, November 12, 2002.

                                       8

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