0000950152-08-002001 Sample Contracts

Cortland Bancorp Amended Director Retirement Agreement
Director Retirement Agreement • March 17th, 2008 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Amended Director Retirement Agreement (this “Agreement”) is entered into as of this 18th day of December, 2007, by and between Cortland Bancorp (the “Company”), a bank holding company located in Cortland, Ohio, and James E. Hoffman III, a director of the Company (the “Director”).

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Cortland Bancorp Amended Split Dollar Agreement and Endorsement
Split Dollar Agreement • March 17th, 2008 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Amended Split Dollar Agreement and Endorsement (this “Split Dollar Agreement”) is entered into as of December 18, 2007, by and between Cortland Bancorp, an Ohio corporation (the “Company”), and Jerry A. Carleton, a director of the Company (the “Director”). This Split Dollar Agreement shall append the Split Dollar Endorsement entered into on even date herewith, or as subsequently amended, by and between the Company and the Director.

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