AMENDMENT TO EMPLOYMENT AGREEMENT BY AND BETWEEN JOHN G. ROBINSON, FIRST FEDERAL SAVINGS BANK AND FEDFIRST FINANCIAL CORPORATION
Exhibit 10.16
AMENDMENT TO
EMPLOYMENT AGREEMENT BY AND BETWEEN
XXXX X. XXXXXXXX, FIRST FEDERAL SAVINGS BANK AND
FEDFIRST FINANCIAL CORPORATION
EMPLOYMENT AGREEMENT BY AND BETWEEN
XXXX X. XXXXXXXX, FIRST FEDERAL SAVINGS BANK AND
FEDFIRST FINANCIAL CORPORATION
WHEREAS, Xxxx X. Xxxxxxxx entered into an employment agreement with First Federal Savings Bank
(the “Bank”) and FedFirst Financial Corporation (the “Company”) effective October 11, 2005 (the
“Agreement”); and
WHEREAS, the Agreement provides that it may be amended or modified at any time with the
written consent of all parties; and
WHEREAS, the parties to the Agreement have determined that certain changes to the terms
of the parties’employment relationship are necessary and appropriate.
NOW, THEREFORE, the Bank, the Company and Xx. Xxxxxxxx hereby agree to amend the
Agreement as follows:
FIRST CHANGE
Effective September 19, 2006, the third sentence in Section 6 shall be deleted in its entirety
and replaced with the following new sentence:
“Executive acknowledges that he has declined participation in the
Bank’s health insurance program and that adjustments have been made
to his base compensation to reflect the value of such benefit.”
SECOND CHANGE
Effective September 19, 2006, the first sentence in Section 7 shall be deleted in its entirety and
replaced with the following new sentence:
“Executive may take up to five (5) weeks paid vacation and three (3)
personal days annually.”
THIRD CHANGE
Effective September 19, 2006, Section 8(b) shall be deleted in its
entirety.
ATTEST:
|
FIRST FEDERAL SAVINGS BANK | |||||
/s/
Xxxxxxx X. X’Xxxxx |
/s/ Xxxxxx X. Xxxx | |||||
ATTEST:
|
FEDFIRST FINANCIAL CORPORATION | |||||
/s/
Xxxxxxx X. X’Xxxxx |
/s/ Xxxxxx X. Xxxx | |||||
/s/ Xxxx X. Xxxxxxxx | ||||||