EXHIBIT 10.1
AGREEMENT FOR MANAGEMENT AND
BUSINESS DEVELOPMENT SERVICES This Agreement (" Agreement" ) is entered into this date by and between COMMUNITY INSURANCE CORP., an Alabama corporation (" Corporation" ), COMMUNITY BANK, an Alabama banking corporation (" Bank" ) and SCOTT HEAD (" Consultant" ).
In consideration of the mutual promises of the parties and other good and valuable consideration, the parties hereby agree to the following terms.
Section 1. Services . Corporation engages Consultant to assist in the management of its business operations and the development of new business opportunities. Services will include evaluating staff, policies, processes and procedures, recommending changes to the foregoing and overseeing the implementation of such changes, as well as identifying and realizing potential business opportunities with new and/or existing customers. In addition, Bank engages Consultant to advise it with respect to its welfare benefit plans, including, without limitation, its group health and dental insurance plan; provided, however, that nothing in this agreement shall require that Bank accept any such recommendations and Bank shall not be liable to Consultant for any compensation as a result of recommendations which Bank chooses not to implement.
Section 2. Term . The initial term of this Agreement shall be one (1) year beginning on June 1, 2006. Either party may terminate the Agreement at any time upon thirty (30) days written notice to the other party.
Services 3. Compensation ...
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