HARVARD SAVINGS BANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • September 15th, 2009 • Harvard Illinois Bancorp, Inc. • Illinois
This SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted this 1st day of January, 2008, by and between Harvard Savings Bank, a savings bank located in Harvard, Illinois (the “Bank”), and Donn Claussen (the “Executive”).
HARVARD SAVINGS BANK Salary Continuation AgreementSalary Continuation Agreement • September 15th, 2009 • Harvard Illinois Bancorp, Inc. • Illinois
THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 28th day of December, 2006, by and between HARVARD SAVINGS BANK, an Illinois corporation located in Harvard, Illinois (the “Bank”), and MICHAEL T. NEESE (the “Executive”).
HARVARD SAVINGS BANK EMPLOYMENT AGREEMENTEmployment Agreement • September 15th, 2009 • Harvard Illinois Bancorp, Inc. • Illinois
This Agreement is made effective as of the day of , 2009, by and between Harvard Savings Bank (the “Bank”), an Illinois chartered savings institution, with its principal administrative office at 58 North Ayer Street, Harvard, Illinois 60033 and Duffield J. Seyller III (“Executive”). Any reference to “Company” shall refer to Harvard Illinois Bancorp, Inc., the holding company of the Bank.
HARVARD SAVINGS BANK SPLIT DOLLAR AGREEMENTSplit Dollar Agreement • September 15th, 2009 • Harvard Illinois Bancorp, Inc. • Illinois
THIS AGREEMENT is adopted this 17th day of July, 2008 by and between HARVARD SAVINGS BANK a state-chartered stock savings bank located in Harvard Illinois (the “Company”), and DONN L CLAUSSEN (the “Executive”). This Agreement shall append the Split Dollar Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.
HARVARD FEDERAL SAVINGS & LOAN ASSOCIATION DEFERRED FEE AGREEMENTDeferred Fee Agreement • September 15th, 2009 • Harvard Illinois Bancorp, Inc. • Illinois
THIS AGREEMENT is made this day of , by and between Harvard Federal Savings & Loan Association (the “Company”), and (the “Director”).
HARVARD SAVINGS BANK DEFERRED FEE AGREEMENTDeferred Fee Agreement • September 15th, 2009 • Harvard Illinois Bancorp, Inc. • Illinois
THIS DEFERRED FEE AGREEMENT (this “Agreement”) is adopted this day of , 200 , by and between HARVARD SAVINGS BANK, a state chartered savings bank located in Harvard, Illinois (the “Company”), and [NAME OF DIRECTOR] (the “Director”).
HARVARD SAVINGS BANK EMPLOYMENT AGREEMENTHarvard Savings Bank • September 15th, 2009 • Harvard Illinois Bancorp, Inc. • Illinois
This Agreement is made effective as of the day of , 2009, by and between Harvard Savings Bank (the “Bank”), an Illinois chartered savings institution, with its principal administrative office at 58 North Ayer Street, Harvard, Illinois 60033 and Donn L. Claussen (“Executive”). Any reference to “Company” shall refer to Harvard Illinois Bancorp, Inc., the holding company of the Bank.
FORM OF TWO-YEAR CHANGE IN CONTROL AGREEMENTChange in Control Agreement • September 15th, 2009 • Harvard Illinois Bancorp, Inc. • Illinois
This Change in Control Agreement (the “Agreement”) is made effective as of the day of , 2009 (the “Effective Date”), by and between Harvard Savings Bank (the “Bank”), an Illinois chartered stock savings bank that is headquartered in Harvard, Illinois, and Richard J. Lipinsky (“Executive”).
April 22, 2009Harvard Illinois Bancorp, Inc. • September 15th, 2009
This letter sets forth the agreement between Harvard Savings Bank, Harvard, Illinois (the “Bank”), a wholly-owned subsidiary of Harvard Illinois Financial Corp., the mid-tier holding company of Harvard Savings, MHC, and RP® Financial, LC. (“RP Financial”) for conversion appraisal services in conjunction with the proposed stock offering (the “Stock Offering”) concurrent with the conversion of the Bank from a “no-stock” mutual holding company to a 100% publicly-held stock holding company. The specific appraisal services to be rendered by RP Financial are described below. These appraisal services will be rendered by a team of two to three consultants on staff and will be directed by the undersigned.
