EXHIBIT 10.7
Community Central Bank Death Benefit Plan
The attached form of plan was entered into between the "Bank" and Ronald R. Reed, President and CEO of
Community Central Bank and Ray T. Colonius, Senior Vice President and CFO, Community Central Bank.
Additionally, the attached form of plan was entered into between the "Corporation" and David A. Widlak,
Chairman and CEO, Community Central Bank Corporation.
COMMUNITY CENTRAL BANK
DEATH BENEFIT PLAN
COMMUNITY CENTRAL BANK
DEATH BENEFIT PLAN
EFFECTIVE JANUARY 1, 2003
PURPOSE
The purpose of the Plan is to provide supplemental death benefits to a select group of employees who contribute
materially to the continued growth, development and future business success of Community Central Bank,
Community Central Bank Corporation and their affiliated entities. The Plan shall be unfunded for tax purposes
and for purposes of Title I of ERISA.
ARTICLE I
DEFINITIONS
For purposes of the Plan, unless otherwise clearly apparent from the context, the following phrases or terms shall
have the following indicated meanings:
"Bank" shall mean Community Central Bank, and any successor to all or substantially all of the assets or business
of the Bank.
"Beneficiary" shall mean one or more persons, estates or other entities, designated in accordance with Article 5,
that are entitled to receive benefits under the Plan upon the death of a Participant.
"Beneficiary Designation Form" shall mean the form established from time to time by the Committee that a
Participant completes, signs and returns to the Bank or the Committee to designate one or more Beneficiaries.
"Board" shall mean the board of directors of the Bank or the Holding Company.
"Change in Control" shall mean the first to occur of any of the following events:
(a) An acquisition of control of the Bank within the meaning of the Bank Holding Company Act of 1956 and 12
C.F.R. Part 303.82 as in effect on the date hereof that is not subject to rebuttal;
(b) Any event that would be requi