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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxx Xxxx United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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 Form { } New Designation { } Change in Designation I, Xxxxx Xxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By:

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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxx Xxxx Xxxxxx United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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 Form { } New Designation { } Change in Designation I, Xxxxx XxxxXxxx Xxxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Xxxxxx Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By:

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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxxxx Xxxxx Xxxx United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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 Form { } New Designation { } Change in Designation I, Xxxxx XxxxXxxxxxx Xxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By:

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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxxxx Xxxxx Xxxx United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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 Form { } New Designation { } Change in Designation I, Xxxxx XxxxXxxxxxx Xxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By:

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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxx Xxxx Xxxxxxx X. Street United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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% 0.000.00 % < 0.63% 0.000.00 % 7.50% 37.5037.50 % 0.63% or greater 25.0025.00 % 8.00% 56.2556.25 % 8.93% or greater 75.0075.00 % United Labor Bank, F.S.B Performance Driven Plan Beneficiary Designation Form { } New Designation { } Change in Designation I, Xxxxx XxxxXxxxxxx X. Street, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Xxxxxxx X. Street Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By:

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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxx Xxxx Xxxxxxx Xxxxxxxxx United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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 Form { } New Designation { } Change in Designation I, Xxxxx XxxxXxxxxxx Xxxxxxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Xxxxxxx Xxxxxxxxx Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By:

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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxx Xxxx Xxxxxx Xxxxxxxx United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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 Form { } New Designation { } Change in Designation I, Xxxxx XxxxXxxxxx Xxxxxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Xxxxxx Xxxxxxxx Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By:

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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxx Xxxx Xxxxxxx Xxx United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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 Form { } New Designation { } Change in Designation I, Xxxxx XxxxXxxxxxx Xxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Xxxxxxx Xxx Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By:

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 . BANK: UNITED LABOR BANK, F.S.B. By: Title: Acknowledged: PARTICIPANT: Xxxxx Xxxx Xxxxxxx United Labor Bank, F.S.B Performance Driven Plan Performance Targets Addendum A Performance Targets Percentage For Plan Year Commencing October 1, 2009 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 Form { } New Designation { } Change in Designation I, Xxxxx XxxxXxxxxxx, designate the following as Beneficiary under the Plan: Primary: % % Contingent: % % Notes: • 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 Xxxx Xxxxxxx Signature: Date: SPOUSAL CONSENT (Required if someone other than the spouse is named Beneficiary and Plan Administrator requests): I consent to the Beneficiary designation above, and acknowledge that if I am named Beneficiary and our marriage is subsequently dissolved, the designation will be automatically revoked. Spouse Name: Signature: Date: Received by the Plan Administrator this day of , 20 By: