0000916480-06-000115 Sample Contracts

July 28, 2006
PSB Holdings Inc /Wi/ • August 4th, 2006 • State commercial banks

This letter sets forth the understanding reached by you and the Board of Directors concerning your continued employment by Peoples State Bank (the “Bank”) and service on the boards of directors of the Bank and the holding company. The elements of that understanding are set forth below.

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