EXHIBIT 10.3 DIRECTORS' RETIREMENT AGREEMENT BETWEEN CENTRAL FEDERAL CORPORATION, CENTRAL FEDERAL BANK AND WILLIAM R. WILLIAMS RECITALS: A. William R. Williams, an Ohio resident ("MR. WILLIAMS"), is a member of the board of directors of Central...Directors' Retirement Agreement • March 30th, 2004 • Central Federal Corp • Savings institution, federally chartered • Ohio
