SECOND AMENDMENT
TO THE EXCESS BENEFIT AGREEMENT
OF
FIRST FEDERAL SAVINGS BANK OF XXXXXX
MARION, INDIANA
This Second Amendment ("Amendment"), dated the 10th day of March, 2000, hereby
amends the Excess Benefit Agreement ("Agreement") dated February 28, 1996,
between First Federal Savings Bank of Xxxxxx and Xxxx X. Xxxxxx as follows:
The following Section 8.12 is added to the Agreement:
8.14 Secular Trust. A secular trust called the Xxxx Xxxxxx Grantor Trust
shall be established in the event of a Change in Control, into which
the Bank shall make a contribution only in such event. If the Executive
dies prior to this contribution being made, then the Executive's
Beneficiary is entitled to the Survivor's Benefit beginning within
thirty (30) days payable over the Payout Period. The contribution shall
be the full present value, using an appropriate discount rate, of the
benefit specified in Subsection 1.14; provided, however, in no event
shall the contribution be less than an amount which is sufficient to
provide the Executive with after-tax benefits (assuming a constant tax
rate equal to the rate in effect as of the date of the Change in
Control) beginning at his Benefit Age equal in amount to that benefit
which would have been payable to the Executive if no secular trust had
been implemented and the benefit obligation had been accrued under APB
Opinion No. 12, as amended by FAS 106.
IN WITNESS WHEREOF, the Bank has caused ths Amendment to be executed in
triplicate, this the 10th day of March, 2000.
FIRST FEDERAL SAVINGS BANK OF XXXXXX
By: /s/ Xxxxxx X. Xxxxx
Title: President
/S/ Xxxx X. Xxxxxx
----------------------------------------
XXXX X. XXXXXX
