0001193125-15-391811 Sample Contracts

THE CORTLAND SAVINGS AND BANKING COMPANY SEVENTH AMENDED SALARY CONTINUATION AGREEMENT
Continuation Agreement • December 1st, 2015 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This SEVENTH AMENDED SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into , 20 by and between The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered, FDIC-insured member bank, and James M. Gasior, President and Chief Executive Officer of the Bank (the “Executive”).

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SEVERANCE AGREEMENT
Severance Agreement • December 1st, 2015 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This SEVERANCE AGREEMENT (this “Agreement”) is entered into and is effective as of , 2015 by and between Cortland Bancorp, an Ohio corporation, and Timothy Carney (the “Executive”), Executive Vice President and Chief Operating Officer of Cortland Bancorp and The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered bank and wholly owned subsidiary of Cortland Bancorp.

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