0000950123-10-055142 Sample Contracts

The Cortland Savings and Banking Company Fourth Amended Salary Continuation Agreement
Salary Continuation Agreement • June 2nd, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Fourth Amended Salary Continuation Agreement (this “Agreement”) is entered into as of this 1st day of June, 2010, by and between The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered, FDIC-insured member bank, and James M. Gasior, President and Chief Executive Officer of the Bank (the “Executive”).

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The Cortland Savings and Banking Company Salary Continuation Agreement
Savings and Banking Company Salary Continuation Agreement • June 2nd, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Salary Continuation Agreement (this “Agreement”) is entered into as of this 1st day of June, 2010, by and between The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered, FDIC-insured member bank, and David J. Lucido, Senior Vice President and Chief Financial Officer of the Bank (the “Executive”).

Severance Agreement
Severance Agreement • June 2nd, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Severance Agreement (this “Agreement”) is entered into and shall be effective as of this 1st day of June, 2010 by and between Cortland Bancorp, an Ohio corporation (the “Corporation”), and Stanley P. Feret (the “Executive”).

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