FIRST AMENDMENT TO THE
FIRST FEDERAL BANK, A F.S.B.
EXECUTIVE SUPPLEMENTAL RETIREMENT INCOME AGREEMENT
Pursuant to rights reserved under Section XI of the First Federal Bank,
A F.S.B. Executive Supplemental Retirement Income Agreement (the "Agreement")
entered into as of July 1, 1993 by First Federal Bank, A F.S.B. (the "Bank") and
Xxxx Xxxx Xxxxxxxxxxxx ("Executive") hereby agree to amend Section 1.17 and
Section 1.18 of the Agreement effective as of October 1, 1996 to provide, in
their entirety, as follows:
1.17 "Supplemental Retirement Income Benefit" means an annual
amount equal to Thirty- Five Thousand Nine Hundred Seven
Dollars ($35,907). This total shall be divided by twelve
(12) and paid in equal monthly installments for a period
of one hundred eighty (180) months.
1.18 "Survivor's Benefit" means Thirty-Five Thousand Nine
Hundred Seven Dollars (35,718) per year to be paid in one
hundred eighty (180) equal monthly installments.
This First Amendment has been entered into this 25th day of
March 1997.
FIRST FEDERAL BANK, A F.S.B.
By: /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx, President
/s/ Xxxx Xxxx Xxxxxxxxxxxx
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Xxxx Xxxx Xxxxxxxxxxxx, Executive
