0000950137-08-008071 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • June 2nd, 2008 • HMN Financial Inc • Savings institution, federally chartered • Minnesota

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is effective as of May 27, 2008 by and among HMN Financial, Inc., a Delaware corporation (the “Company”), Home Federal Savings Bank, a federally chartered savings bank (the “Bank”) and a wholly owned subsidiary of the Company and Michael McNeil, a resident of Rochester, Minnesota (“Executive”).

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CHANGE-IN-CONTROL AGREEMENT
Change-in-Control Agreement • June 2nd, 2008 • HMN Financial Inc • Savings institution, federally chartered • Minnesota

AGREEMENT entered into as of May 27, 2008 by and between Home Federal Savings Bank, a federally chartered savings bank (the “Bank”) and a wholly owned subsidiary of HMN Financial, Inc., a Delaware corporation (the “Company”), and (the “Executive”).

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