EXHIBIT 10.5.4 QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION THREE YEAR
EMPLOYMENT AGREEMENT RENEWAL AND EXTENSION ACKNOWLEDGMENT
BETWEEN QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION AND X.
X. XXXXXX DATED JULY 1, 1998.
QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION
THREE YEAR EMPLOYMENT AGREEMENT
RENEWAL AND EXTENSION ACKNOWLEDGMENT
Name of Executive: X. X. Xxxxxx
----------------
The undersigned executive does hereby acknowledge that, at their regularly
scheduled meeting on June 25, 1998, the Board of Directors of Quaker City
Federal Savings and Loan Association acted to renew and extend the Quaker City
Federal Savings and Loan Association Three Year Employment Agreement with the
undersigned executive to September 25, 2000, his sixty-fifth birthday, as
specified in the Employment Agreement document.
Dated this 1st day of July, A.D., 1998.
QUAKER CITY FEDERAL SAVINGS AND
LOAN ASSOCIATION
/s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxxx X. XxXxxx
--------------------------- --------------------------
Executive President
