Fifth District Bancorp, Inc. Sample Contracts

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EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2024 • Fifth District Bancorp, Inc. • Louisiana

This Employment Agreement (the “Agreement”) is made and entered into as of the 29th day of February 2024, to be effective as of the Effective Date as defined in Section 19 below, by and between Fifth District Savings Bank, a federally chartered savings bank (the “Bank”) and Amie Lyons (the “Executive”). Any reference to the “Company” shall mean Fifth District Bancorp, Inc., the proposed holding company of the Bank.

FIFTH DISTRICT SAVINGS BANK SECOND AMENDED & RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT FOR AMIE LYONS
Continuation Agreement • March 8th, 2024 • Fifth District Bancorp, Inc. • Louisiana

This Fifth Amended & Restated Executive Salary Continuation Agreement (referred to in this document as either the “Plan” or the “Agreement”) is adopted effective as of February 29, 2024, by and between Fifth District Savings Bank (the “Bank”), a federal savings bank, and Amie Lyons (the “Executive”).

Mr. Brian W. North President and Chief Executive Officer Fifth District Savings Bank
Fifth District Bancorp, Inc. • March 8th, 2024

This letter sets forth the agreement between Fifth District Savings Bank, New Orleans, Louisiana (the “Bank”), a federally-chartered mutual savings bank and RP Financial, LC (“RP Financial”). In this regard, the Bank has engaged RP Financial to provide the independent conversion appraisal services in conjunction with the conversion transaction. The scope, timing and fee structure for these appraisal services are described below.

FIFTH DISTRICT SAVINGS BANK FIFTH AMENDED & RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT FOR BRIAN W. NORTH
Fifth District Bancorp, Inc. • March 8th, 2024 • Louisiana

This Fifth Amended & Restated Executive Salary Continuation Agreement (referred to in this document as either the “Plan” or the “Agreement”) is adopted effective as of February 29, 2024, by and between Fifth District Savings Bank (the “Bank”), a federal savings bank, and Brian W. North (the “Executive”).

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