Compensation Master Agreement Sample Contracts

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MUTUALBANK DIRECTOR DEFERRED COMPENSATION MASTER AGREEMENT DATED SEPTEMBER 1, 1993, AS AMENDED NOVEMBER 24, 1993, DECEMBER 18, 1996, MAY 15, 1998, AND OCTOBER 20, 2010
Compensation Master Agreement • March 16th, 2017 • Mutualfirst Financial Inc • State commercial banks

THIS FIFTH AMENDMENT is adopted this 30th day of December, 2016, effective as of January 1, 2005, by and between MUTUALBANK, an Indiana commercial bank located in Muncie, Indiana and formerly known as Mutual Federal Savings Bank (the “Bank”), and certain eligible Directors (the “Director”).

DIRECTOR DEFERRED COMPENSATION MASTER AGREEMENT
Compensation Master Agreement • March 16th, 2007 • Mutualfirst Financial Inc • State commercial banks • Indiana

This Director Deferred Compensation Master Agreement (the “Agreement”), effective as of the 1st day of September, 1993, by and between MUTUAL FEDERAL SAVINGS BANK (the “Bank”), a federally chartered savings bank, and certain eligible Directors, hereinafter referred to as “Director”, who shall be approved by the Bank to participate and who shall elect to become a party to this Director Deferred Compensation Master Agreement by execution of a Director Deferred Compensation Joinder Agreement (“Joinder Agreement”) in a form provided by the Bank.

MUTUALBANK EXECUTIVE DEFERRED COMPENSATION MASTER AGREEMENT DATED OCTOBER 1, 1993, AS AMENDED OCTOBER 20, 2010
Compensation Master Agreement • March 16th, 2017 • Mutualfirst Financial Inc • State commercial banks

THIS SECOND AMENDMENT is adopted this 19th day of December, 2016, effective as of January 1, 2005, by and between MUTUALBANK, an Indiana commercial bank located in Muncie, Indiana and formerly known as Mutual Federal Savings Bank (the “Bank”), and certain key employees (the “Executive”).

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