THIRD AMENDMENT TO THE SALARY CONTINUATION AGREEMENT FOR LAURA CLARK

Exhibit 10.1

THIRD AMENDMENT TO THE

SALARY CONTINUATION AGREEMENT

FOR

XXXXX XXXXX

THIS THIRD AMENDMENT (the “Amendment”) is adopted this September 21, 2020, by and between Opportunity Bank of Montana, located in Helena Montana (the “Employer”), and Xxxxx Xxxxx (the “Executive”).

The Employer and the Executive executed a Salary Continuation Agreement effective as of November 1, 2014 (as amended, the “Agreement”). The Company and the Executive now wish to increase the benefits provided to the Executive in the Agreement.

NOW, THEREFORE, the Employer and the Executive adopt the following amendments to the Agreement:

Section 2.1 of the Agreement shall be deleted in its entirety and replaced by the following:

2.1     Normal Retirement Benefit. Upon Separation from Service on or after Normal Retirement Age, the Employer shall pay the Executive an annual benefit in the amount shown on the table below in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following Separation from Service and continuing until the Executive’s death.

Executive’s age at Separation from Service	Annual Benefit
65	$12,872
66	$16,766
67	$21,398
68 or later	$26,500

Section 2.5 of the Agreement shall be deleted in its entirety and replaced by the following:

2.5     Death Prior to Commencement of Benefit Payments. In the event the Executive dies prior to Separation from Service, the Employer shall pay the Beneficiary an annual benefit in the amount of Twenty-Six Thousand Five Hundred Dollars ($26,500) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments commencing the month following the Executive’s death and continuing for fifteen (15) years.

IN WITNESS WHEREOF, the Executive and a duly authorized representative of the Employer have executed this Amendment as indicated below and as of the date above:

Executive: Employer:

/s/ Xxxxx X. Xxxxx		By:	/s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxx			Xxxxx X. Xxxxxxx
		Its:	President/CEO