Virginia Savings Bancorp Sample Contracts

AGREEMENT AND PLAN OF REORGANIZATION
Agreement and Plan of Reorganization • December 3rd, 2007 • Virginia Savings Bancorp, Inc. • Savings institution, federally chartered • Virginia

THIS AGREEMENT AND PLAN OF REORGANIZATION (the “Agreement”), dated as of April 19, 2007 and amended and restated, by and among VIRGINIA SAVINGS BANK, F.S.B., a federally chartered stock savings bank (the “Bank” or the “Surviving Bank”), VIRGINIA SAVINGS BANCORP, INC., a Virginia corporation (the “Holding Company”), and VSB INTERIM FEDERAL SAVINGS BANK, a to be formed interim federal stock savings bank (the “Interim Bank”). The Holding Company, the Bank and the Interim Bank are collectively referred to herein as the “Constituent Corporations.”

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EMPLOYMENT AGREEMENT
Employment Agreement • April 20th, 2007 • Virginia Savings Bancorp • Virginia

This Employment Agreement (this “Agreement”) is made as of January 1, 2005, by and between Virginia Savings Bank, F.S.B., a Federal savings bank (the “Bank”), and W. Michael Funk (the “Officer”).

CHANGE IN CONTROL EMPLOYMENT AGREEMENT
Change in Control Employment Agreement • April 20th, 2007 • Virginia Savings Bancorp • Virginia

This Agreement (“Agreement”) is made as of January 1, 2005, by and between Virginia Savings Bank, F.S.B., a Federal savings bank (the “Bank”), and W. Michael Funk (the “Officer”).

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