FULL AND FINAL RELEASE AND SEPARATION AGREEMENT
RONALD R. REED ("REED") and COMMUNITY CENTRAL BANK, a Michigan banking corporation
("BANK"), enter into the following FULL AND FINAL RELEASE AND SEPARATION AGREEMENT
("AGREEMENT") for an orderly separation of REED'S employment with BANK and for the complete
resolution of any claims or disputes arising out of REED'S employment with or separation from BANK. REED
and BANK agree as follows:
1. REED'S last day of employment with BANK will be JULY 17, 2007, and REED agrees that he will cease to
accrue benefits under BANK'S Retirement Plan and will cease to be entitled to have any contribution made on
his behalf to BANK'S
401(k) Plan as of that date or to receive any other benefit unless specifically set out in this AGREEMENT.
REED will submit a letter of resignation effective JULY 17, 2007, which BANK will accept.
2. BANK will pay REED all salary earned and all unused vacation benefits, if any, to which REED is entitled,
minus applicable withholding taxes, through JULY 17, 2007. REED agrees that he is not entitled to any other
compensation or benefits of any kind from BANK except for any benefits to which he may be entitled under the
BANK Retirement Plan or the BANK 401(k) Plan that accrued prior to JULY 17, 2007.
3. BANK will pay REED One Hundred Forty-Five Thousand Dollars, ($145,000.00) (minus applicable
withholding taxes), subject to the provisions of Paragraph 7, below. Payment will be made within ten (10)
business days following the later of the complete execution of this AGREEMENT or the expiration of the
revocation period set out in Paragraph 7, below, so long as this AGREEMENT is signed by REED and not
timely revoked by him. REED agrees that he has no right to such payment except pursuant to this Release.
4. REED is entitled to maintain his group health plan coverage for up to eighteen (18) months pursuant to
COBRA. Subject to the provisions of Paragraph 7, below, the BANK will pay the premiums, necessary to