0000892712-08-000600 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • June 23rd, 2008 • PSB Holdings Inc /Wi/ • State commercial banks • Wisconsin

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT, is entered into as of June 17, 2008, by and between Peoples State Bank, Wausau, Wisconsin, a Wisconsin banking corporation, (“the Bank”), and Peter W. Knitt (“Mr. Knitt”).

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AMENDMENT TO RESTRICTED STOCK AGREEMENT OF PSB HOLDINGS, INC.
Restricted Stock Agreement • June 23rd, 2008 • PSB Holdings Inc /Wi/ • State commercial banks

THIS AMENDMENT TO PSB HOLDINGS, INC. RESTRICTED STOCK AGREEMENT (this “Amendment”) is entered into as of the 17th day of June, 2008 by and between PSB Holdings, Inc. of Wausau, Wisconsin and [INSERT EMPLOYEE NAME] (the “Executive”). All terms used herein which are not otherwise defined have the same meaning as in the PSB Holdings, Inc. Restricted Stock Agreement (the “Agreement”) with the Executive.

EMPLOYMENT AGREEMENT
Employment Agreement • June 23rd, 2008 • PSB Holdings Inc /Wi/ • State commercial banks • Wisconsin

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT, is entered into as of June 17, 2008, by and between Peoples State Bank, Wausau, Wisconsin, a Wisconsin banking corporation, (“the Bank”) and Scott M. Cattanach (“Mr. Cattanach”).

AMENDMENT TO EXECUTIVE DEFERRED COMPENSATION AGREEMENT
Executive Deferred Compensation Agreement • June 23rd, 2008 • PSB Holdings Inc /Wi/ • State commercial banks

THIS AMENDMENT TO EXECUTIVE DEFERRED COMPENSATION AGREEMENT (this “Amendment”) is entered into as of the 17th day of June, 2008 by and between Peoples State Bank of Wausau, Wisconsin (the “Bank”) and Peter W. Knitt (the “Executive”). All terms used herein which are not otherwise defined have the same meaning as in the Peoples State Bank Executive Deferred Compensation Agreement with the Executive, as amended and restated effective December 31, 2007 (the “Agreement”).

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