SEC Contract Filing

Filing Date: 2019-04-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>mrbk-20181231ex1028cba33.htm
<DESCRIPTION>EX-10.2
<TEXT>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Exhibit 10.2</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">EMPLOYMENT AGREEMENT</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">THIS EMPLOYMENT AGREEMENT (this &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;) is dated as of September , 2017, by and among Meridian Bank, a Pennsylvania banking institution (the &#x201C;Company&#x201D;) which has its principal place of business at 9 Old Lincoln Highway, Malvern, Pennsylvania 19355, and Christopher J. Annas (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Executive</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;).</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">WHEREAS, Executive and the Company are parties to that certain </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">[Amended and Restated] </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">Employment Agreement dated as of [_____] (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Prior Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;);</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">WHEREAS, Executive and the Company wish to terminate the Prior Agreement and enter into this Agreement.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">NOW THEREFORE, the parties hereto agree as follows:</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Termination of Prior Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Term of Agreement; Restrictions on Payment</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Termination of Prior Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">. Effective as of the date hereof (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Effective Date</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;), the Prior Agreement shall be terminated and no longer have any force or effect. This Agreement shall supersede the Prior Agreement in its entirety, and each party to the Prior Agreement shall have no further obligations under the Prior Agreement. Executive hereby acknowledges and agrees that the Executive is not entitled to any payments, benefits or anything else of value (including, but not limited to, the acceleration of any payments, awards or other benefits) under the Prior Agreement as a result of, or in connection with, the termination thereof.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Term</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">. The Company hereby employs the Executive, and the Executive hereby accepts such employment, for a term commencing as of the Effective Date and ending on December 31, 2020, with such arrangement to continue for successive one-year pe