0000943374-18-000110 Sample Contracts

RETENTION AGREEMENT
Retention Agreement • April 4th, 2018 • Lake Shore Bancorp, Inc. • Savings institution, federally chartered • New York

THIS RETENTION AGREEMENT (the "Agreement") is entered into with LAKE SHORE SAVINGS BANK, a federally-chartered savings bank having an office at 31 East Fourth Street, Dunkirk, New York 14048 (the "Bank"), and Jeffrey M. Werdein (the "Executive") effective as of March 29, 2018 (the "Effective Date").

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