FIRST AMENDMENT TO THE THE FIRST NATIONAL BANK OF MIFFLINTOWN AMENDED AND RESTATED DIRECTOR REVENUE NEUTRAL RETIREMENT AGREEMENT DATED OCTOBER 3, 2008 FOR NANCY BRATTON
Exhibit 10.13
The First National Bank of Mifflintown
Amended and Restated Director Revenue Neutral Retirement Agreement
First Amendment
FIRST AMENDMENT
TO THE
THE FIRST NATIONAL BANK OF MIFFLINTOWN
AMENDED AND RESTATED
DIRECTOR REVENUE NEUTRAL RETIREMENT AGREEMENT
DATED OCTOBER 3, 2008
FOR
XXXXX XXXXXXX
THIS FIRST AMENDMENT is entered into this 14 day December, 2010, by and between THE FIRST NATIONAL BANK OF MIFFLINTOWN (the “Company”), a national banking association located in Mifflintown, Pennsylvania, and XXXXX XXXXXXX (the “Director”).
WHEREAS, the Company and the Director executed the Amended and Restated Director Revenue Neutral Retirement Agreement on October 3, 2008, (the “Agreement”);
WHEREAS, Section 9.1 of the Agreement provides that the Agreement may be amended upon mutual consent of the parties thereto; and
WHEREAS, the parties now desire to amend the Agreement for the purpose of updating Appendix A;
NOW, THEREFORE, it is agreed by and between the Company and the Director as follows:
Appendix A shall be deleted in its entirety and replaced by the Appendix A attached hereto.
IN WITNESS WHEREOF, the parties have executed this First Amendment as of the date indicated above.
DIRECTOR: | COMPANY: | |||||
THE FIRST NATIONAL BANK OF MIFFLINTOWN | ||||||
/s/ Xxxxx Xxxxxxx |
By | /s/ Xxxx X. Xxxxx, III | ||||
XXXXX XXXXXXX | Title | Chairman |
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The First National Bank of Mifflintown
Amended and Restated Director Revenue Neutral Retirement Agreement
First Amendment
By execution hereof, First Community Financial Corporation consents to and agrees to be bound by the terms and conditions of this First Amendment to the Agreement.
ATTEST: | CORPORATION: | |||||
FIRST COMMUNITY FINANCIAL CORPORATION | ||||||
/s/ Xxxxx Xxxxxxx |
By: | /s/ Xxxx X. Xxxxx, III | ||||
Title |
|
Title | Chairman | |||
/s/ Xxxxxxxx X. Xxxxxxxx |
||||||
Asst. Secretary |
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The First National Bank of Mifflintown
Amended and Restated Director Revenue Neutral Retirement Agreement
First Amendment
Appendix A
Simulated Policy Data
The First National Bank of Mifflintown
Amended and Restated Director Revenue Neutral Retirement Agreement
Xxxxx Xxxxxxx
Insurance Carrier: |
Midland National Life Insurance Company | |
Policy Type: |
Universal Life Flexible-Premium Adjustable Life Insurance | |
Product Name: |
TUL01GISEP-100 | |
Issue Date: |
October 12, 2010 | |
Classification: |
Preferred (Non Tobacco use) | |
Initial Face Amount: |
$129,349 | |
Payment Type: |
Single Premium |