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EXHIBIT 10.10
Amendment
To
Supplemental Retirement Agreement dated February 28, 1995
Agreement made this 22nd day of June, 1998, by and between SAVINGS BANK OF THE
FINGER LAKES, FSB, Federal Savings Association, having its head office at 000
Xxxxxxxx Xxxxxx, Xxxxxx, Xxx Xxxx, ("XXXX") and G. Xxxxxx Xxxxxx residing at
0000 Xxxxxxxx Xxxx, Xxxxxx, Xxx Xxxx, 00000 ("Xxxxxx).
WHEREAS, Xxxxxx and SBFL have entered into a Supplemental Retirement Agreement
dated February 28, 1995, and;
WHEREAS, under said Agreement, SBFL agreed to provide certain benefits to Xxxxxx
upon his future retirement from SBFL, and;
WHEREAS, SBFL and Xxxxxx desire to amend said Agreement,
NOW, THEREFORE, it is agreed by and between the Parties hereto as follows:
1. Section One of the Agreement dated February 28, 1995 is hereby amended by
adding the following thereto:
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"Such benefits shall be reduced by an amount equal to six (6) percent of
total cash value in all Policies subject to any split dollar agreement in
effect as of the Executive's attainment of age sixty-two (62)."
2. Paragraph 3 of the Agreement dated February 28, 1995, is hereby deleted.
IN WITNESS WHEREOF, SBFL has caused this Agreement to be executed by its duly
authorized Officers, and Xxxxxx has set his hand to this Agreement as of the
date first written.
SAVINGS BANK OF THE FINGER LAKES, FSB
By: /s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx
Xx. Vice President & Chief Financial Officer
/s/ G. Xxxxxx Xxxxxx
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G. Xxxxxx Xxxxxx
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