Contract
EXHIBIT
10 a) (i)
This
Agreement is made this ____ day of April, 2004 by and between STATE BANK OF LONG
ISLAND (“the Bank”) and the employee of the Bank executing this agreement (the
“Employee”).
The Bank
and the Employee are parties to one or more of the following agreements, all
relating to deferred compensation to be paid by the Bank to the Employee
(collectively, the “Agreements”):
(1) |
Supplemental
Employee Retirement Agreement; |
(2) |
Deferred
Compensation Agreement relating to director’s
fees |
(3) |
Deferred
Compensation Agreement relating to salary. |
In order
to provide uniformity of payment of amounts due to the Employee under the
Agreements, it is hereby agreed by and between the Bank and the Employee as
follows:
1. Notwithstanding
anything to the contrary contained in any or all of the Agreements:
(a) the age
of the Employee set forth in Section 5, subsections (a), (b), (c) and (g) of
each of the Agreements is hereby amended to read ______(the age selected must be
the age to be attained not less than one (1) year after the date of this
Agreement); and
(b) the
number of monthly installments in which deferred compensation shall be paid to
the Employee, or his or her beneficiary, as set forth in Section 5, subsections
(a), (c) and (d) of each of the Agreements is hereby amended to read
_________________ (insert “lump sum”, “36 months” or “60 months”).
2. Except as
specifically provided herein, all of the terms and provisions of each of the
Agreements shall remain in force and effect.
IN
WITNESS WHEREOF, the
parties hereto have executed this Agreement the day and year first above
written.
STATE
BANK OF LONG ISLAND | |
BY:____________________________________ | |
_______________________________________ | |
EMPLOYEE |