Exhibit 10.1 EMPLOYMENT AGREEMENT THIS AGREEMENT (the "Agreement"), made this 25/th/ day of June, 2003, by and among JEFFERSON BANCSHARES, INC. (the "Company"), JEFFERSON FEDERAL BANK (the "Bank") and ANDERSON L. SMITH ("Executive"). W I T N E S S E T...Employment Agreement • September 29th, 2003 • Jefferson Bancshares Inc • Savings institution, federally chartered • Tennessee
