EXHIBIT 10.3
Employment Agreement Amendments by and between Hopkinsville Federal
Savings Bank and Xxxxx Xxxxxx, Xxxxx X. Xxxx and Xxxx X. Xxxxx
AMENDMENT TO
EMPLOYMENT AGREEMENT
WHEREAS, as of February 6, 1998, Hopkinsville Federal Savings Bank (the
"Bank") and Xxxxx Xxxxxx (the "Employee") entered into an Employment Agreement
employing the Employee as President and Chief Executive Officer of the Bank (the
"Employment Agreement"); and
WHEREAS, Section 5 of the Employment Agreement provides, among other
things, that the term of the Employment Agreement shall be for the period
commencing on the effective date of the Federal Stock Charter of the Bank and
ending twelve (12) months thereafter; and
WHEREAS, the Board of Directors of the Bank has determined to extend the
Employee's term of employment for an additional two-year period beyond the first
anniversary date of the commencement of the Employment Agreement; and
WHEREAS, the Bank and the Employee desire to record such amendment to the
Employment Agreement.
It is therefore agreed that the first sentence of Section 5 of the
Employment Agreement is hereby amended to read as follows:
The Bank hereby employs the Employee, and the
Employee hereby accepts such employment under this
Agreement, for the period commencing on the
effective date of the Federal Stock Charter of the
Bank (the "Effective Date") and ending thirty-six
(36) months thereafter (or such earlier date as is
determined in accordance with Section 9 hereof).
IN WITNESS WHEREOF, the parties have executed this Amendment to Employment
Agreement as of February 6, 1999.
ATTEST: HOPKINSVILLE FEDERAL SAVINGS BANK
__________________________ By: ___________________________________
Secretary Chairman of the Board
WITNESS:
__________________________ _______________________________________
Xxxxx Xxxxxx ("Employee")
AMENDMENT TO
EMPLOYMENT AGREEMENT
WHEREAS, as of February 6, 1998, Hopkinsville Federal Savings Bank (the
"Bank") and Xxxxx X. Xxxx (the "Employee") entered into an Employment Agreement
employing the Employee as Executive Vice President, Chief Financial Officer and
Chief Operations Officer of the Bank (the "Employment Agreement"); and
WHEREAS, Section 5 of the Employment Agreement provides, among other
things, that the term of the Employment Agreement shall be for the period
commencing on the effective date of the Federal Stock Charter of the Bank and
ending twelve (12) months thereafter; and
WHEREAS, the Board of Directors of the Bank has determined to extend the
Employee's term of employment for an additional two-year period beyond the first
anniversary date of the commencement of the Employment Agreement; and
WHEREAS, the Bank and the Employee desire to record such amendment to the
Employment Agreement.
It is therefore agreed that the first sentence of Section 5 of the
Employment Agreement is hereby amended to read as follows:
The Bank hereby employs the Employee, and the
Employee hereby accepts such employment under this
Agreement, for the period commencing on the
effective date of the Federal Stock Charter of the
Bank (the "Effective Date") and ending thirty-six
(36) months thereafter (or such earlier date as is
determined in accordance with Section 9 hereof).
IN WITNESS WHEREOF, the parties have executed this Amendment to Employment
Agreement as of February 6, 1999.
ATTEST: HOPKINSVILLE FEDERAL SAVINGS BANK
____________________________ By: _____________________________________
Secretary Chairman of the Board
WITNESS:
____________________________ _________________________________________
Xxxxx X. Xxxx ("Employee")
AMENDMENT TO
EMPLOYMENT AGREEMENT
WHEREAS, as of February 6, 1998, Hopkinsville Federal Savings Bank (the
"Bank") and Xxxx X. Xxxxx (the "Employee") entered into an Employment Agreement
employing the Employee as Senior Vice President -- Loan Administration of the
Bank (the "Employment Agreement"); and
WHEREAS, Section 5 of the Employment Agreement provides, among other
things, that the term of the Employment Agreement shall be for the period
commencing on the effective date of the Federal Stock Charter of the Bank and
ending twelve (12) months thereafter; and
WHEREAS, the Board of Directors of the Bank has determined to extend the
Employee's term of employment for an additional two-year period beyond the first
anniversary date of the commencement of the Employment Agreement; and
WHEREAS, the Bank and the Employee desire to record such amendment to the
Employment Agreement.
It is therefore agreed that the first sentence of Section 5 of the
Employment Agreement is hereby amended to read as follows:
The Bank hereby employs the Employee, and the
Employee hereby accepts such employment under this
Agreement, for the period commencing on the
effective date of the Federal Stock Charter of the
Bank (the "Effective Date") and ending thirty-six
(36) months thereafter (or such earlier date as is
determined in accordance with Section 9 hereof).
IN WITNESS WHEREOF, the parties have executed this Amendment to Employment
Agreement as of February 6, 1999.
ATTEST: HOPKINSVILLE FEDERAL SAVINGS BANK
_____________________________ By: _______________________________________
Secretary Chairman of the Board
WITNESS:
_____________________________ ___________________________________________
Xxxx X. Xxxxx ("Employee")
