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Document Preview Independent Contractor Agreement |
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Title: |
Independent Contractor Agreement |
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Entities: |
PSB Bancorp, Inc.; Frank J. Moran; First Penn Bank; PSB Bancorp Inc. |
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Date: |
2001 |
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Size: |
Preview shows 2KB of 14KB total |
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Price: |
$36 |
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ID: |
#146374 |
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INDEPENDENT CONTRACTOR AGREEMENT
This Agreement dated January __, 2001 is made between PSB BANCORP,
INC., a Pennsylvania bank holding company with primary business office located
at 11 Penn Center, Suite 2601, 1835 Market Street, Philadelphia, Pennsylvania
19103 (the "Company") and Frank J. Moran, an individual residing at [INSERT]
ADDRESS] (the "Independent Contractor").
BACKGROUND
A. The Company is a bank holding company engaged in the banking
business through its wholly owned bank subsidiary, First Penn Bank .
B. The Company desires to hire the Independent Contractor as an
independent contractor to act as General Counsel for the Company.
C. The Independent Contractor desires to perform such services for the
Company as an independent contractor pursuant to the terms and conditions set
forth herein.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and mutual
covenants contained herein and for good and valuable consideration the receipt
and sufficiency of which hereby acknowledged, the parties hereto, intending to
be legally bound, agree as follows:
1. WORK TO BE PERFORMED. The Company and the Independent Contractor
agree that the Independent Contractor will perform the work described in Exhibit
"A" in accordance with this Agreement.
2. TERMS OF PAYMENT. The Independent Contractor shall be paid a monthly
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