Common use of GRANT OF DEFERRED COMPENSATION Clause in Contracts

GRANT OF DEFERRED COMPENSATION. Pursuant to Section 2.1.1 of the Performance Driven Plan between the Bank and the Participant, the Bank hereby makes a Grant to the Participant’s Deferral Account in the amount of $ . The Bank makes this Grant effective as of , 20 . By: Title: Acknowledged: PARTICIPANT: United Labor Bank, F.S.B Performance Driven Plan Performance Targets ROAE Component of Award (75% of Total) ROAA Component of Award (25% of Total) Total Award Earned Percentage is... United Labor Bank, F.S.B Performance Driven Plan Beneficiary Designation { } New Designation { } Change in Designation I, Xxxxx Xxxxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % • Please PRINT CLEARLY or TYPE the names of the beneficiaries. • To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. • To name your estate as Beneficiary, please write “Estate of [your name]”. • Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. I understand that I may change these beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only upon receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary predeceases me, or, if I have named my spouse as Beneficiary and our marriage is subsequently dissolved. Name: Xxxxx Xxxxxxx Signature: Date:

GRANT OF DEFERRED COMPENSATION. Pursuant to Section 2.1.1 of the Performance Driven Plan between the Bank and the Participant, the Bank hereby makes a Grant to the Participant’s Deferral Account in the amount of $ . The Bank makes this Grant effective as of , 20 . By: Title: Acknowledged: PARTICIPANT: United Labor Bank, F.S.B Performance Driven Plan Performance Targets ROAE Component of Award (75% of Total) ROAA Component of Award (25% of Total) Total Award Earned Percentage is... United Labor Bank, F.S.B Performance Driven Plan Beneficiary Designation Form { } New Designation { } Change in Designation I, Xxxxx XxxxxxxXxxxxxx Xxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % • Please PRINT CLEARLY or TYPE the names of the beneficiaries. • To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. • To name your estate as Beneficiary, please write “Estate of [your name]”. • Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. I understand that I may change these beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only upon receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary predeceases me, or, if I have named my spouse as Beneficiary and our marriage is subsequently dissolved. Name: Xxxxx Xxxxxxx Xxx Signature: Date:

GRANT OF DEFERRED COMPENSATION. Pursuant to Section 2.1.1 of the Performance Driven Plan between the Bank and the Participant, the Bank hereby makes a Grant to the Participant’s Deferral Account in the amount of $ . The Bank makes this Grant effective as of , 20 . By: Title: Acknowledged: PARTICIPANT: United Labor Bank, F.S.B Performance Driven Plan Performance Targets ROAE Component of Award (75% of Total) ROAA Component of Award (25% of Total) Total Award Earned Percentage is... If ROAE is … % of Total Target Award Earned is … If ROAA is … % of Total Target Award Earned is … < 7.50% 0.00 % < 0.63% 0.00 % 7.50% 37.50 % 0.63% or greater 25.00 % 8.00% 56.25 % 8.93% or greater 75.00 % United Labor Bank, F.S.B Performance Driven Plan Beneficiary Designation { } New Designation { } Change in Designation I, Xxxxx XxxxxxxXxxxxxx X. Street, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % • Please PRINT CLEARLY or TYPE the names of the beneficiaries. • To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. • To name your estate as Beneficiary, please write “Estate of [your name]”. • Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. I understand that I may change these beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only upon receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary predeceases me, or, if I have named my spouse as Beneficiary and our marriage is subsequently dissolved. Name: Xxxxx Xxxxxxx X. Street Signature: Date:

GRANT OF DEFERRED COMPENSATION. Pursuant to Section 2.1.1 of the Performance Driven Plan between the Bank and the Participant, the Bank hereby makes a Grant to the Participant’s Deferral Account in the amount of $ . The Bank makes this Grant effective as of , 20 . By: Title: Acknowledged: PARTICIPANT: United Labor Bank, F.S.B Performance Driven Plan Performance Targets ROAE Component of Award (75% of Total) ROAA Component of Award (25% of Total) Total Award Earned Percentage is... If ROAE is … % of Total Target Award Earned is … If ROAA is … % of Total Target Award Earned is … United Labor Bank, F.S.B Performance Driven Plan Beneficiary Designation { } New Designation { } Change in Designation I, Xxxxx XxxxxxxXxxxxxx Xxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % • Please PRINT CLEARLY or TYPE the names of the beneficiaries. • To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. • To name your estate as Beneficiary, please write “Estate of [your name]”. • Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. I understand that I may change these beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only upon receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary predeceases me, or, if I have named my spouse as Beneficiary and our marriage is subsequently dissolved. Name: Xxxxxxx Xxxxx Xxxxxxx Signature: Date:

GRANT OF DEFERRED COMPENSATION. Pursuant to Section 2.1.1 of the Performance Driven Plan between the Bank and the Participant, the Bank hereby makes a Grant to the Participant’s Deferral Account in the amount of $ . The Bank makes this Grant effective as of , 20 . By: Title: Acknowledged: PARTICIPANT: United Labor Bank, F.S.B Performance Driven Plan Performance Targets ROAE Component of Award (75% of Total) ROAA Component of Award (25% of Total) Total Award Earned Percentage is... United Labor Bank, F.S.B Performance Driven Plan Beneficiary Designation { } New Designation { } Change in Designation I, Xxxxx XxxxxxxXxxx Xxxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % • Please PRINT CLEARLY or TYPE the names of the beneficiaries. • To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. • To name your estate as Beneficiary, please write “Estate of [your name]”. • Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. I understand that I may change these beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only upon receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary predeceases me, or, if I have named my spouse as Beneficiary and our marriage is subsequently dissolved. Name: Xxxxx Xxxxxxx Xxxx Xxxxxx Signature: Date:

GRANT OF DEFERRED COMPENSATION. Pursuant to Section 2.1.1 of the Performance Driven Plan between the Bank and the Participant, the Bank hereby makes a Grant to the Participant’s Deferral Account in the amount of $ . The Bank makes this Grant effective as of , 20 . By: Title: Acknowledged: PARTICIPANT: United Labor Bank, F.S.B Performance Driven Plan Performance Targets ROAE Component of Award (75% of Total) ROAA Component of Award (25% of Total) Total Award Earned Percentage is... If ROAE is … % of Total Target Award Earned is … If ROAA is … % of Total Target Award Earned is … United Labor Bank, F.S.B Performance Driven Plan Beneficiary Designation Form { } New Designation { } Change in Designation I, Xxxxx XxxxxxxXxxxxx Xxxxxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % • Please PRINT CLEARLY or TYPE the names of the beneficiaries. • To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. • To name your estate as Beneficiary, please write “Estate of [your name]”. • Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. I understand that I may change these beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only upon receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary predeceases me, or, if I have named my spouse as Beneficiary and our marriage is subsequently dissolved. Name: Xxxxx Xxxxxxx Xxxxxx Xxxxxxxx Signature: Date: