Document:

Exhibit
10.1

 

RETENTION BONUS

AGREEMENT

 

This Agreement (the “Agreement”)
is made and entered into as of August 24, 2012, (the “Effective Date”), by and between First Mariner Bank (the “Bank”)
and Mark Keidel (“Employee”). In consideration of the promises in this Agreement, and for other good and valuable consideration,
the parties hereto agree as follows:

 

 1.      Employee is employed as Interim Chief
Executive Officer or in such other capacity as may be designated by the Bank from time to time. Employee is employed on an “at
will” basis. Either the Bank or Employee may terminate Employee’s employment at any time, with or without cause. Nothing
herein shall be understood as modifying or otherwise altering Employee’s at-will relationship or in any other way creating
a contract of employment for a definite term.

 

 2.      Subject to the terms and conditions
stated herein, the Bank agrees that Employee will receive a total retention bonus of $137,340. The retention bonus shall be paid
as follows: (i) a lump-sum equal to $65,340 which was paid on August 10, 2012 and (ii) seven (8) monthly amounts equal to $9,000
paid on or about the 15th of each month commencing on or about August 15, 2012, and continuing for each month during
which Employee remains employed by the Bank through March of 2013. These retention bonus payments are intended as an incentive
for and in consideration of Employee continuing employment with the Bank. The Bank may withhold any and all applicable taxes from
the retention bonus payments.

 

 3.      Employee
agrees that, except as legally required, Employee will not communicate the terms and
conditions of this Agreement to any persons other than Employee’s spouse, attorneys and tax advisors. The Bank agrees that,
except as legally required, it will not communicate the terms and conditions of this Agreement to any persons other than its attorneys,
accountants, tax advisors and financial regulators.

 

 4.      Employee agrees that if Employee
 breaches Section 3 of this Agreement at any time or if, Employee’s employment
with the Bank is terminated prior to April 1, 2013, (i) by the Bank for Just Cause or (ii) by Employee for any reason (other than
on account of death or disability), Employeeshall immediately repay the amount of the
retention bonus payments, net of any withholding for taxes, made pursuant to Section 2 of this Agreement through the date Employee’s
employment terminates. Employee will make the payment to the Bank in the form of cash or a certified check made payable
to the Bank within ten (10) business days of a demand by the Bank for such payment. For purposes of this Agreement, Employee’s
employment shall be deemed to have terminated for “Just Cause” if the Bank terminates Employee’s employment following
a determination that Employee has (i) engaged in acts of personal dishonesty which have resulted in a loss to the Bank, (ii) intentionally
failed to perform stated duties, (iii) 

 

committed a willful violation of any law, rule, regulation (other than traffic violations
  or similar offenses), (iv) become subject to a final cease and desist order which results in substantial loss to the Bank, or (v)
  willfully breached the Bank’s code of conduct and business ethics.

 

 5.      This
Agreement with attachments, if any, supersedes all prior agreements and understandings, oral or written, between the Bank and Employee
with respect to the subject matter hereof.

 6.      No change, modification, termination,
or attempted waiver of any of the provisions of this Agreement shall be binding upon any party hereto unless reduced to writing
and signed by the party against whom enforcement is sought.

 7.      Failure to insist upon strict
compliance with any of the terms or conditions hereof shall not be deemed a waiver of such terms or conditions, nor shall any waiver
or relinquishment of any right or power granted hereunder of any particular time be deemed a waiver or relinquishment of such rights
or powers at any time or times.

 8.       Any number of counterparts
of this Agreement may be signed and delivered, each of which shall be considered an original and all of which, together, shall
constitute one and the same instrument.

 9.      Except as preempted by federal
law, this Agreement shall be governed by and construed in accordance with the laws of the State of Maryland, without reference
to its conflict of law provisions.

 10.    Employee shall not have the
right to assign this Agreement or any rights or obligations hereunder without prior written consent of the Bank. The Bank may assign
this Agreement and/or the right to enforce this Agreement to any person or entity. The provisions of this Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their heirs and successors in interest.

 11.    Notwithstanding anything
herein contained to the contrary, any payments to Employee by the Bank pursuant to this Agreement are subject to and conditioned
upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. Section 1828(k), and the regulations promulgated
thereunder in 12 C.F.R. Part 359.

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

	EMPLOYEE:	 	FIRST MARINER BANK	 	 	 	 
	 	 	 	 	 	 	 
	/s/Mark Keidel	 	By: /s/Lorraine Ash  	 	 	 	 
	 	 	 	 	 	 	 
	Print Name: Mark Keidel	 	Title: SVP Human ResourcesExhibit
10.2

 

 

RETENTION BONUS

AGREEMENT

 

This Agreement (the “Agreement”)
is made and entered into as of August 24, 2012, (the “Effective Date”), by and between First Mariner Bank (the “Bank”)
and Paul Susie (“Employee”). In consideration of the promises in this Agreement, and for other good and valuable consideration,
the parties hereto agree as follows:

 

 1.      Employee is employed as Senior Vice
President/Chief Financial Officer or in such other capacity as may be designated by the Bank from time to time. Employee is employed
on an “at will” basis. Either the Bank or Employee may terminate Employee’s employment at any time, with or without
cause. Nothing herein shall be understood as modifying or otherwise altering Employee’s at-will relationship or in any other
way creating a contract of employment for a definite term.

 

 2.      Subject to the terms and conditions
stated herein, the Bank agrees that Employee will receive a total retention bonus of $28,000. The retention bonus shall be paid
as follows: (i) a lump-sum equal to $12,000 which was paid on August 10, 2012 and (ii) seven (8) monthly amounts equal to $2,000
paid on or about the 15th of each month commencing on or about August 15, 2012, and continuing for each month during
which Employee remains employed by the Bank through March of 2013. These retention bonus payments are intended as an incentive
for and in consideration of Employee continuing employment with the Bank. The Bank may withhold any and all applicable taxes from
the retention bonus payments.

 

 3.      Employee
agrees that, except as legally required, Employee will not communicate the terms and
conditions of this Agreement to any persons other than Employee’s spouse, attorneys and tax advisors. The Bank agrees that,
except as legally required, it will not communicate the terms and conditions of this Agreement to any persons other than its attorneys,
accountants, tax advisors and financial regulators.

 

 4.      Employee agrees that if Employee
breaches Section 3 of this Agreement at any time or if, Employee’s employment
with the Bank is terminated prior to April 1, 2013, (i) by the Bank for Just Cause or (ii) by Employee for any reason (other than
on account of death or disability), Employee shall immediately repay the amount of the
retention bonus payments, net of any withholding for taxes, made pursuant to Section 2 of this Agreement through the date Employee’s
employment terminates. Employee will make the payment to the Bank in the form of cash or a certified check made payable
to the Bank within ten (10) business days of a demand by the Bank for such payment. For purposes of this Agreement, Employee’s
employment shall be deemed to have terminated for “Just Cause” if the Bank terminates Employee’s employment following
a determination that Employee has (i) engaged in acts of personal dishonesty which have 

 

resulted in a loss to the Bank, (ii) intentionally
  failed to perform stated duties, (iii) committed a willful violation of any law, rule, regulation (other than traffic violations
  or similar offenses), (iv) become subject to a final cease and desist order which results in substantial loss to the Bank, or (v)
  willfully breached the Bank’s code of conduct and business ethics.

 

 5.      This
Agreement with attachments, if any, supersedes all prior agreements and understandings, oral or written, between the Bank and Employee
with respect to the subject matter hereof.

 6.      No change, modification, termination,
or attempted waiver of any of the provisions of this Agreement shall be binding upon any party hereto unless reduced to writing
and signed by the party against whom enforcement is sought.

 7.      Failure to insist upon strict
compliance with any of the terms or conditions hereof shall not be deemed a waiver of such terms or conditions, nor shall any waiver
or relinquishment of any right or power granted hereunder of any particular time be deemed a waiver or relinquishment of such rights
or powers at any time or times.

 8.       Any number of counterparts
of this Agreement may be signed and delivered, each of which shall be considered an original and all of which, together, shall
constitute one and the same instrument.

 9.      Except as preempted by federal
law, this Agreement shall be governed by and construed in accordance with the laws of the State of Maryland, without reference
to its conflict of law provisions.

 10.    Employee shall not have the
right to assign this Agreement or any rights or obligations hereunder without prior written consent of the Bank. The Bank may assign
this Agreement and/or the right to enforce this Agreement to any person or entity. The provisions of this Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their heirs and successors in interest.

 11.    Notwithstanding anything
herein contained to the contrary, any payments to Employee by the Bank pursuant to this Agreement are subject to and conditioned
upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. Section 1828(k), and the regulations promulgated
thereunder in 12 C.F.R. Part 359.

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

	EMPLOYEE:	 	FIRST MARINER BANK	 	 	 	 
	 	 	 	 	 	 	 
	/s/Paul Susie	 	By: /s/Lorraine Ash  	 	 	 	 
	 	 	 	 	 	 	 
	Print Name: Paul Susie	 	Title: SVP Human Resources

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