Document:

Exhibit 10.9

 

Collective Growth Corporation 

1805 West Avenue

Austin, Texas 78701

 

____________, 2020

 

Tim Saunders

[Address]

 

Re: Services Agreement

 

Gentlemen:

 

This letter agreement
by and between Collective Growth Corporation (the “Company”) and Tim Saunders, dated as of the date hereof, will confirm
our agreement that, commencing on the date the securities of the Company are first listed on the Nasdaq Capital Market (the “Listing
Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the Securities and Exchange
Commission (the “Registration Statement”) and continuing until the earlier of the consummation by the Company of an
initial business combination (“Business Combination”) or the Company’s liquidation of the trust account (the
“Trust Account”) established in connection with the Company’s initial public offering (in each case as described
in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), Mr. Saunders
shall serve as the Company’s Chief Financial Officer and provide services to the Company customarily provided by other similar
chief financial officers. In exchange therefor, the Company shall pay Mr. Saunders the sum of $10,000 per month for up to 6 months
commencing on the date hereof and $12,000 per month for up to 6 months accrued from the date hereof and payable until, and only
upon, consummation of our initial Business Combination.

 

Mr. Saunders hereby waives
any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) with
respect to the fees owed hereunder and hereby waives any Claim he may have in the future as a result of, or arising out of, this
agreement and will not seek recourse against the Trust Account for any reason related thereto.

 

This letter agreement
constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior
understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any
way to the subject matter hereof or the transactions contemplated hereby.

 

This letter agreement
may not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may assign
either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the
other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer
or assign any interest or title to the purported assignee.

 

This letter agreement
constitutes the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract,
tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State
of New York, without giving effect to its choice of laws principles.

 

This letter agreement
may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which
together shall constitute one and the same letter agreement.

 

 

Very truly yours,

 

COLLECTIVE GROWTH
CORPORATION

 

By:________________________________

Name:

Title:

 

 

_____________________

Tim SaundersExhibit 1029

		
			AMENDMENT NO. 3 TO
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
		

		
			﻿
		

		
			THIS AMENDMENT NO. 3 TO SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (“Amendment”) is made as of the 23rd day of January, 2014, by and between DAVID M. LOBACH, JR. (“Executive”) and EMBASSY BANK FOR THE LEHIGH VALLEY, a Pennsylvania banking institution having its principal office in Bethlehem, Pennsylvania (the “Bank”).
		

		
			﻿
		

		
			WITNESSETH
		

		
			WHEREAS, the Bank and the Executive entered into a Supplemental Executive Retirement Plan Agreement dated November 19, 2010 (as the same may be amended from time to time, the “SERP”), and
		

		
			WHEREAS, the Bank and the Executive desire to amend the SERP to increase the amount of the benefit thereunder.  
		

		
			NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
		

		
			1.Section 1(b) of the SERP is hereby amended such that the Normal Retirement Supplemental Pension (as defined in the SERP) shall be $143,096.
		

		
			﻿
		

		
			2.In all other respects, the SERP, as amended above, is hereby ratified and confirmed by the Bank and the Executive.  All other provisions of the SERP shall remain in full force and effect as amended hereby. 
		

		
			IN WITNESS WHEREOF, the parties, each intending to be legally bound, have executed this Amendment as of the date, month and year first above written.
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						ATTEST:

					
					
						 

					
					
						EMBASSY BANK FOR THE LEHIGH VALLEY

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Mark A. Casciano

					
					
						 

					
					
						By:

					
					
						/s/ Judith A. Hunsicker

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						WITNESS:

					
					
						 

					
					
						EXECUTIVE

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Mark A. Casciano

					
					
						 

					
					
						By:

					
					
						/s/ David M. Lobach, Jr.

				

		
			﻿Exhibit 1032

		
			AMENDMENT NO. 3 TO
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
		

		
			﻿
		

		
			THIS AMENDMENT NO. 3 TO AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (“Amendment”) is made as of the 23rd day of January, 2014, by and between JUDITH A. HUNSICKER (“Executive”) and EMBASSY BANK FOR THE LEHIGH VALLEY, a Pennsylvania banking institution having its principal office in Bethlehem, Pennsylvania (the “Bank”).
		

		
			﻿
		

		
			WITNESSETH
		

		
			WHEREAS, the Bank and the Executive entered into a Supplemental Executive Retirement Plan Agreement dated November 19, 2010 (as the same may be amended from time to time, the “SERP”), and
		

		
			WHEREAS, the Bank and the Executive desire to amend the SERP to increase the amount of the benefit thereunder.  
		

		
			NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
		

		
			1.Section 1(b) of the SERP is hereby amended such that the Normal Retirement Supplemental Pension (as defined in the SERP) shall be $189,185.  
		

		
			﻿
		

		
			2.In all other respects, the SERP, as amended above, is hereby ratified and confirmed by the Bank and the Executive.  All other provisions of the SERP shall remain in full force and effect as amended hereby. 
		

		
			﻿
		

		
			IN WITNESS WHEREOF, the parties, each intending to be legally bound, have executed this Amendment as of the date, month and year first above written.
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						ATTEST:

					
					
						 

					
					
						EMBASSY BANK FOR THE LEHIGH VALLEY

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Mark A. Casciano

					
					
						 

					
					
						By:

					
					
						/s/ David M. Lobach, Jr.

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						WITNESS:

					
					
						 

					
					
						EXECUTIVE

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Mark A. Casciano

					
					
						 

					
					
						By:

					
					
						/s/ Judith A. Hunsicker

				
	
					
						﻿

					
					
						 

					
					
						 

				

		
			﻿Exhibit 1035

		
			AMENDMENT NO. 3 TO 
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
		

		
			﻿
		

		
			THIS AMENDMENT NO. 3 TO AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (“Amendment”) is made as of the 23rd day of January, 2014, by and between JAMES R. BARTHOLOMEW (“Executive”) and EMBASSY BANK FOR THE LEHIGH VALLEY, a Pennsylvania banking institution having its principal office in Bethlehem, Pennsylvania (the “Bank”).
		

		
			﻿
		

		
			WITNESSETH
		

		
			WHEREAS, the Bank and the Executive entered into a Supplemental Executive Retirement Plan Agreement dated November 19, 2010 (as the same may be amended from time to time, the “SERP”); and
		

		
			WHEREAS, the Bank and the Executive desire to amend the SERP to increase the amount of the benefit thereunder.  
		

		
			NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
		

		
			1.Section 1(b) of the SERP is hereby amended such that the Normal Retirement Supplemental Pension (as defined in the SERP) shall be $119,629.  
		

		
			﻿
		

		
			2.In all other respects, the SERP, as amended above, is hereby ratified and confirmed by the Bank and the Executive.  All other provisions of the SERP shall remain in full force and effect as amended hereby. 
		

		
			﻿
		

		
			IN WITNESS WHEREOF, the parties, each intending to be legally bound, have executed this Amendment as of the date, month and year first above written.
		

		
			﻿
		

			
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						ATTEST:

					
					
						 

					
					
						EMBASSY BANK FOR THE LEHIGH VALLEY

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Judith A. Hunsicker

					
					
						 

					
					
						By:

					
					
						/s/ David M. Lobach, Jr.

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						WITNESS:

					
					
						 

					
					
						EXECUTIVE

				
	
					
						﻿

					
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Judith A. Hunsicker

					
					
						 

					
					
						By:

					
					
						/s/ James R. Bartholomew

				
	
					
						﻿

					
					
						 

					
					
						 

				
	
					
						﻿

					
					
						 

					
					
						 

				

		
			﻿

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