Terms of Employment Arrangement between Slavie Federal Savings Bank and Sophie Torin Wittelsberger
Exhibit
10.5
Terms of
Employment Arrangement
between
Slavie Federal Savings Bank
and
Sophie Xxxxx Xxxxxxxxxxxxx
Xxx.
Xxxxxxxxxxxxx is employed
on an at-will basis at a rate of pay of $71,760.00 as of January 1,
2009. Xxx. Xxxxxxxxxxxxx is also eligible
to receive annual salary increases as determined by the Compensation Committee
of the Board of Directors and an annual bonus as determined by the Compensation
Committee of the Board of Directors. She is also entitled to all
benefits available to full-time employees of Slavie Federal Savings
Bank. Xxx. Xxxxxxxxxxxxx received a bonus
of $15,007.63 for 2008, which was paid in March, 2009.
