0000950123-10-050334 Sample Contracts

The Cortland Savings and Banking Company Amendment of the Amended Salary Continuation Agreement
Salary Continuation Agreement • May 17th, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Amendment of the Amended Salary Continuation Agreement (this “Amendment”) by and between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”), and Craig M. Phythyon, an executive of the Bank (the “Executive”), is entered into and shall be effective as of the 31st day of December, 2009.

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The Cortland Savings and Banking Company Amendment of the Second Amended Salary Continuation Agreement
Continuation Agreement • May 17th, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Amendment of the Second Amended Salary Continuation Agreement (this “Amendment”) by and between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”), and Marlene J. Lenio, an executive of the Bank (the “Executive”), is entered into and shall be effective as of the 31st day of December, 2009.

Termination of Severance Agreement
Termination of Severance Agreement • May 17th, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Termination of Severance Agreement (this “Agreement”) by and between Cortland Bancorp, an Ohio corporation, and (the “Executive”), Vice President of The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered bank and wholly owned subsidiary of Cortland Bancorp, is made and entered into and shall be effective as of this day of , 2010.

Termination of Split Dollar Agreement and Endorsement
Termination of Split Dollar Agreement • May 17th, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Termination of Split Dollar Agreement and Endorsement (this “Agreement”) by and between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”), and Stephen A. Telego, Sr., an Officer of the Bank (the “Executive”), is made and entered into and shall be effective as of this 12th day of March, 2010.

Termination of Split Dollar Agreement and Endorsement
Termination of Split Dollar Agreement and Endorsement • May 17th, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Termination of Split Dollar Agreement and Endorsement (this “Agreement”) by and between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”), and Marlene Lenio, Vice President of the Bank (the “Executive”), is made and entered into and shall be effective as of this 12th day of February, 2010.

Termination of Split Dollar Agreement and Endorsement
Termination of Split Dollar Agreement and Endorsement • May 17th, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Termination of Split Dollar Agreement and Endorsement (this “Agreement”) by and between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”), and Craig M. Phythyon, an Officer of the Bank (the “Executive”), is made and entered into and shall be effective as of this 12th day of February, 2010.

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