EXHIBIT 10.57
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AMENDMENT TO THE DIRECTOR INCENTIVE RETIREMENT AGREEMENT
DATED DECEMBER 19, 2002
This Amendment, made and entered into this 26th day of August, 2004, by and
between The First National Bank of Litchfield, a Bank organized and existing
under the laws of the State of Connecticut, hereinafter referred to as the,
"Bank", and the, "Director", shall effectively amend the Director Incentive
Retirement Agreement dated December 19, 2002.
1. Section 5.1.1 shall be deleted in its entirety and replaced with the
following new Section 5.1.1:
5.1.1 Amount of Benefit The benefit under section 5.1 is the
greater of the Deferral Account balance or $89,505.
2. Schedule B shall be amended and replaced with a new schedule B that
reflects a pre-retirement death benefit amount of $89,505.
IN WITNESS WHEREOF, the parties hereto acknowledge that each has carefully read
this Amendment and executed the original thereof on the first day set forth
hereinabove, and that, upon execution, each has received a conforming copy.
1
THE FIRST NATIONAL BANK OF LITCHFIELD
LITCHFIELD, CONNECTICUT
Xxxxxxx X. Xxxxxxx By: Xxxx X. Xxxxxx
Witness DIRECTOR
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