SEC Contract Filing

Filing Date: 2017-03-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.53
<SEQUENCE>7
<FILENAME>v458458_ex10-53.htm
<DESCRIPTION>EXHIBIT 10.53
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.53</B></P>

<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
2014</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">THIS AGREEMENT, is made and entered into
effective as of the 1st day of November 2014 by and between Community Bank of the Chesapeake, a banking corporation organized and
existing under the laws of the State of Maryland, hereinafter referred to as the &quot;Plan Sponsor&quot;, and James DiMisa, hereinafter
referred to as the &quot;Participant&quot;.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WITNESSETH</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS. it is the consensus of the Board
that the Participant's services to the Plan Sponsor in the past have been of exceptional merit and have constituted an invaluable
contribution to the general welfare of the Plan Sponsor bringing it to its present status of operating efficiency, and its present
position in its field of activity;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, the experience of the Participant,
his knowledge of the affairs of the Plan Sponsor, his reputation and contacts in the industry are so valuable that assurance of
his continued services is essential for the future growth and profits of the Plan Sponsor and it is in the best interests of the
Plan Sponsor to arrange terms of continued employment for the Participant so as to reasonably assure his remaining in the Plan
Sponsor's employment during his lifetime or until the age of retirement;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WHEREAS, it is the desire of the Plan Sponsor that his services
be retained as herein provided;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, the Participant is willing to
continue in the employ of the Plan Sponsor provided the Plan Sponsor agrees to pay to his beneficiaries certain benefits in accordance
with the terms and conditions hereinafter set forth;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, the Plan Sponsor intends that
the Plan shall at all times be administered and interpreted in such a manner as to constitute an unfunded nonqualified deferred
compensation plan for tax purposes and for purposes of Title I of ERISA. This Plan is not intended to qualify for favorable tax
treatment pursuant to IRC Section 401(a) of the Code or any successor section or statute. This Plan is intended to comply with
IRC Section 409A as created under The American Jobs Creation Act of 2004 (the &quot;Jobs Act of 2004&quot;). It is both anticipated
and expected that the terms and provisions of this Plan may need to be amended in the future to assure continued compliance. The
Plan Sponsor and the Participant acknowledge that fact and agree to take any and all steps necessary to operate the Plan in &quot;good
faith&quot; based on their current understanding of the regulations; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOW THEREFORE; in consideration of services
performed in the past and to be performed in the future as well as of the mutual promises and covenants herein contained, it is
agreed as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE 1<BR>
DEFINITIONS</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.05in">DEFINITION OF TERMS.
Certain words and phrases are defined when first used in later Articles of this Plan. Whenever any words are used herein in the
masculine, they shall be construed as though they were in the feminine in all cases where they would so apply; and whenever any
words are used herein in the singular or in the plural, they shall be construed as though they were used in the plural or the singular,
as the case may be, in all cases where they would so apply. For the purpose of this Plan, unless otherwise clearly apparent from
the context, the following phrases or terms shall have the following ind