Executive Compensation Clawback Agreement Sample Contracts

FSB Community Bankshares, Inc. and Fairport Savings Bank Executive Compensation Clawback Agreement
Executive Compensation Clawback Agreement • March 29th, 2012 • FSB Community Bankshares Inc • Savings institution, federally chartered • New York

WHEREAS, FSB Community Bankshares, Inc. (the “Company”) and Fairport Savings Bank (the “Bank”) are required to recover from certain current and former executive officers any excess incentive-based compensation, including bonus compensation or equity compensation, that was paid to such executives on the basis of incorrect financial information, pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (“SOX”) and pursuant to Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2012 (“Dodd-Frank”); and

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Fairport Savings Bank Executive Compensation Clawback Agreement
Executive Compensation Clawback Agreement • March 11th, 2016 • FSB Bancorp, Inc. • New York

WHEREAS, FSB Community Bankshares, Inc. (the “Company”) and Fairport Savings Bank (the “Bank”) are required to recover from certain current and former executive officers any excess incentive-based compensation, including bonus compensation or equity compensation, that was paid to such executives on the basis of incorrect financial information, pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (“SOX”) and pursuant to Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2012 (“Dodd-Frank”); and

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