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Bancorp, Inc. – ‘10-Q’ for 6/30/16 – ‘EX-10.3’

On:  Tuesday, 8/9/16, at 4:59pm ET   ·   For:  6/30/16   ·   Accession #:  1295401-16-24   ·   File #:  0-51018

Previous ‘10-Q’:  ‘10-Q’ on 5/10/16 for 3/31/16   ·   Next:  ‘10-Q’ on 11/9/16 for 9/30/16   ·   Latest:  ‘10-Q’ on 11/9/23 for 9/30/23   ·   1 Reference:  By:  Bancorp, Inc. – ‘10-K’ on 3/15/21 for 12/31/20

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/09/16  Bancorp, Inc.                     10-Q        6/30/16   87:24M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.69M 
 2: EX-10.1     Material Contract                                   HTML     80K 
 3: EX-10.2     Material Contract                                   HTML     62K 
 4: EX-10.3     Material Contract                                   HTML     61K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     28K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     28K 
15: R1          Document and Entity Information                     HTML     43K 
16: R2          Consolidated Balance Sheets                         HTML    123K 
17: R3          Consolidated Balance Sheets (Parenthetical)         HTML     37K 
18: R4          Consolidated Statements of Operations               HTML    179K 
19: R5          Consolidated Statements of Comprehensive Income     HTML     62K 
20: R6          Consolidated Statement of Changes in Shareholders'  HTML     51K 
                Equity                                                           
21: R7          Consolidated Statements of Cash Flows               HTML    124K 
22: R8          Structure Of Company                                HTML     29K 
23: R9          Significant Accounting Policies                     HTML     29K 
24: R10         Share-based Compensation                            HTML    111K 
25: R11         Earnings Per Share                                  HTML    427K 
26: R12         Investment Securities                               HTML    580K 
27: R13         Loans                                               HTML    992K 
28: R14         Transactions with Affiliates                        HTML     43K 
29: R15         Fair Value Measurements                             HTML    597K 
30: R16         Derivatives                                         HTML    111K 
31: R17         Other Identifiable Intangible Assets                HTML     36K 
32: R18         Recent Accounting Pronouncements                    HTML     41K 
33: R19         Regulatory Matters                                  HTML     37K 
34: R20         Legal                                               HTML     35K 
35: R21         Segment Financials                                  HTML    339K 
36: R22         Discontinued Operations                             HTML    112K 
37: R23         Subsequent Events                                   HTML     41K 
38: R24         Significant Accounting Policies (Policies)          HTML     28K 
39: R25         Share-based Compensation (Tables)                   HTML    101K 
40: R26         Earnings Per Share (Tables)                         HTML    423K 
41: R27         Investment Securities (Tables)                      HTML    565K 
42: R28         Loans (Tables)                                      HTML    993K 
43: R29         Fair Value Measurements (Tables)                    HTML    582K 
44: R30         Derivatives (Tables)                                HTML    100K 
45: R31         Segment Financials (Tables)                         HTML    333K 
46: R32         Discontinued Operations (Tables)                    HTML    109K 
47: R33         Structure of Company (Details)                      HTML     29K 
48: R34         Share-based Compensation (Narrative) (Details)      HTML     66K 
49: R35         Share-based Compensation (Summary Of Status Of      HTML     79K 
                Company's Equity Compensations Plans) (Details)                  
50: R36         Share-based Compensation (Summary Of Status Of      HTML     52K 
                Company?s Restricted Stock Units) (Details)                      
51: R37         Earnings Per Share (Narrative) (Details)            HTML     36K 
52: R38         Earnings Per Share (Earnings Per Share) (Details)   HTML     62K 
53: R39         Investment Securities (Narrative) (Details)         HTML     64K 
54: R40         Investment Securities (Schedule Of Investment       HTML     81K 
                Securities Classified As Available-for-sale And                  
                Held-to-maturity) (Details)                                      
55: R41         Investment Securities (Amortized Cost And Fair      HTML     78K 
                Value Of Investment Securities By Contractual                    
                Maturity) (Details)                                              
56: R42         Investment Securities (Available-for-sale And       HTML    130K 
                Held-to-maturity Securities, Continuous Unrealized               
                Loss Position) (Details)                                         
57: R43         Investment Securities (Schedule Of Additional       HTML     50K 
                Information Related To Single Issuer And Pooled                  
                Trust Preferred Securities) (Details)                            
58: R44         Loans (Narrative) (Details)                         HTML     57K 
59: R45         Loans (Major Classifications Of Loans) (Details)    HTML     54K 
60: R46         Loans (Schedule Of Small Business Administation     HTML     29K 
                Loans and Held For Sale) (Details)                               
61: R47         Loans (Impaired Loans) (Details)                    HTML     67K 
62: R48         Loans (Non-accrual Loans, Loans Past Due 90 Days    HTML     45K 
                And Other Real Estate Owned And Delinquent Loans                 
                By Loan Category) (Details)                                      
63: R49         Loans (Loans Modified And Considered Troubled Debt  HTML     37K 
                Restructurings) (Details)                                        
64: R50         Loans (Loans Modified As Troubled Debt              HTML     33K 
                Restructurings) (Details)                                        
65: R51         Loans (Summary Of Restructured Loans Within The     HTML     31K 
                Last Twelve Months That Have Subsequently                        
                Defaulted) (Details)                                             
66: R52         Loans (Changes In Allowance For Loan And Lease      HTML     91K 
                Losses By Loan Category) (Details)                               
67: R53         Loans (Delinquent Loans By Loan Category)           HTML     82K 
                (Details)                                                        
68: R54         Loans (Loans By Categories) (Details)               HTML     88K 
69: R55         Transactions With Affiliates (Details)              HTML     54K 
70: R56         Fair Value Measurements (Narrative) (Details)       HTML     67K 
71: R57         Fair Value Measurements (Carrying Amount And        HTML     82K 
                Estimated Fair Value Of Assets And Liabilities)                  
                (Details)                                                        
72: R58         Fair Value Measurements (Assets Measured At Fair    HTML     86K 
                Value On A Recurring And Nonrecurring Basis)                     
                (Details)                                                        
73: R59         Fair Value Measurements (Company's Level 3 Assets)  HTML     56K 
                (Details)                                                        
74: R60         Derivatives (Narrative) (Details)                   HTML     39K 
75: R61         Derivatives (Derivatives) (Details)                 HTML     96K 
76: R62         Other Identifiable Intangible Assets (Details)      HTML     63K 
77: R63         Regulatory Matters (Details)                        HTML     31K 
78: R64         Legal (Details)                                     HTML     28K 
79: R65         Segment Financials (Narrative) (Details)            HTML     26K 
80: R66         Segment Financials (Schedule Of Segment Reporting   HTML     88K 
                Information, By Segment) (Details)                               
81: R67         Discontinued Operations (Narrative) (Details)       HTML     35K 
82: R68         Discontinued Operations (Financial Results Of The   HTML     59K 
                Commercial Lending Business Included In Net Income               
                (Loss) From Discontinued Operations) (Details)                   
83: R69         Discontinued Operations (Schedule Of Various        HTML     35K 
                Elements Of The Lower Of Cost Or Market Valuation)               
                (Details)                                                        
84: R70         Subsequent Events (Details)                         HTML     58K 
86: XML         IDEA XML File -- Filing Summary                      XML    157K 
85: EXCEL       IDEA Workbook of Financial Reports                  XLSX    109K 
 9: EX-101.INS  XBRL Instance -- tbbk-20160630                       XML   8.07M 
11: EX-101.CAL  XBRL Calculations -- tbbk-20160630_cal               XML    273K 
12: EX-101.DEF  XBRL Definitions -- tbbk-20160630_def                XML    811K 
13: EX-101.LAB  XBRL Labels -- tbbk-20160630_lab                     XML   1.77M 
14: EX-101.PRE  XBRL Presentations -- tbbk-20160630_pre              XML   1.26M 
10: EX-101.SCH  XBRL Schema -- tbbk-20160630                         XSD    222K 
87: ZIP         XBRL Zipped Folder -- 0001295401-16-000024-xbrl      Zip    314K 


‘EX-10.3’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  20160630 Exhibit 103  

Exhibit 10.3





July 28, 2016





John Leto

32 Nassau Boulevard 

Garden City, NY 11530





Dear John,

The Bancorp is pleased to extend to you an offer of employment. We would like to have you join our Overhead Administration division as an Executive Vice President, Chief Administrative Officer, beginning July 27, 2016, at our office location: 409 Silverside Road, Suite 105, Wilmington, DE 19809. This position consists of a forty-hour workweek and may require some flexibility to accommodate any additional time necessary to complete pending projects. You will be reporting to Damian, Kozlowski, President and Chief Executive Officer.



The offer we extend to you is:



·

SALARY: $400,000.00 I Annually



·

Bancorp will direct bill or reimburse you for temporary housing for up to ninety (90) days



·

You will be eligible for employee relocation assistance as per the guidelines contained within The Bancorp Employee Relocation Assistance Policy



In addition to the above, we offer an excellent Benefits Package to our employees. These benefits would include Highmark DE Blue Cross Blue Shield three plan options (EPO and two HDHP's), Dental Insurance coverage (free to employee/buy up to add dependents and/or spouse) with United Concordia Employee Benefits, free Life Insurance Coverage (two times your annual salary with a maximum benefit of $200,000.00), short term/long term disability coverage and an exceptional 401 K Plan. Access to a Health Savings Accounts through Health Equity. Flexible Spending Accounts are also available. Eligibility for these benefits begins the first of the month following your start date. Your date of eligibility, based upon your original start date of July 5, 2016 will be August 1, 2016.



As a full time employee you are also eligible to participate in our Flexible Spending Account as well as some additional voluntary benefits. We also encourage all employees to participate in our Wellness program with Wellworks. Participation may make you eligible for discounts on your healthcare contributions in 2017.



Our Paid Time-off (PTO) policy is twenty-three (23) days per year prorated from your hire date. Please note that PTO time includes sick time, personal time and vacation time.



This offer is contingent upon our checking your credit and criminal background history. In the event we do not receive a favorable credit and criminal background check, this offer of employment will be void.



Employment with The Bancorp is voluntary, and at will, you may terminate your employment at any time without cause or advance notice. Likewise, The Bancorp may terminate your employment at any time with or without cause or advance notice.




 

The Bancorp extends this offer with the understanding that you have not signed any agreement with any prior or existing employer which includes restrictions on your ability to compete; to contact customers, clients or employees; or to use and or/disclose business, client or customer information. If there are such agreements, please provide The Bancorp with a copy of the agreement so we can consider whether and to what extent the agreement may preclude and/or restrict your employment with our organization.



I hope you will find working at The Bancorp a rewarding and educational experience. We are looking forward to your bringing your expertise to our organization. There are many opportunities within the company for growth and advancement.



If you have any questions or concerns, please feel free to contact me via e-mail at bmccabe@thebancorp.com or telephone 302.385.5394. Damian Kozlowski is also available at telephone 302.385.5206.



Picture 1





I  agree to and accept the foregoing terms of employment offer.







/S/  JOHN LETO

Employee Acceptance Signature





Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/9/16
8/1/16
7/28/168-K
7/27/163
7/5/16
For Period end:6/30/16
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/15/21  Bancorp, Inc.                     10-K       12/31/20  128:66M                                    Certent, Inc./FA
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Filing Submission 0001295401-16-000024   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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