ContractEmployment Agreement • March 25th, 2009 • Croghan Bancshares Inc • State commercial banks
FIRST AMENDMENT TO THE CROGHAN COLONIAL BANK EMPLOYMENT AGREEMENT WITH STEVEN C. FUTRELL This First Amendment to the Employment Agreement with Steven C. Futrell dated as of August 29, 2007 (“Agreement”) is effective as of this 8th day of December, 2008. RECITALS WHEREAS, Croghan Colonial Bank (the “Bank”) and Steven C. Futrell (the “Executive”) previously entered into the Agreement; and WHEREAS, the Agreement must be amended to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (“Code”); and WHEREAS, pursuant to Section 17 of the Agreement, the Bank and the Executive desire to amend the Agreement as provided herein for the purpose of complying with Section 409A of the Code; and AMENDMENT NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the Executive and the Bank hereby amend the Agreement
ContractExecutive Supplemental Retirement Plan Agreement • March 25th, 2009 • Croghan Bancshares Inc • State commercial banks
FIRST AMENDMENT TO EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN AGREEMENT This First Amendment (“Amendment”) to the Executive Supplemental Retirement Plan Agreement (“Agreement”) dated April 29, 1999 is effective as of this 21st day of November, 2008 by and between Croghan Colonial Bank, an Ohio banking corporation (the “Bank”), and Barry F. Luse, a current employee of the Bank (the “Executive). RECITALS WHEREAS, the Bank and the Executive previously entered into the Agreement for the purpose of providing the benefits described therein; and WHEREAS, the Agreement must be amended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) by no later than December 31, 2008; WHEREAS, the Agreement must have been, and the Bank has, operated the Agreement in good faith compliance with Section 409A since January 1, 2005; and WHEREAS, pursuant to transition relief issued under Section 409A, the Bank and the Executive may change the time and/or form of payments und
