<SEC-DOCUMENT>0001070680-16-000075.txt : 20160816
<SEC-HEADER>0001070680-16-000075.hdr.sgml : 20160816
<ACCEPTANCE-DATETIME>20160816103113
ACCESSION NUMBER:		0001070680-16-000075
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160816
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160816
DATE AS OF CHANGE:		20160816

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTRAL FEDERAL CORP
		CENTRAL INDEX KEY:			0001070680
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				341877137
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25045
		FILM NUMBER:		161835082

	BUSINESS ADDRESS:	
		STREET 1:		C/O CFBANK
		STREET 2:		7000 N. HIGH ST.
		CITY:			WORTHINGTON
		STATE:			OH
		ZIP:			43085
		BUSINESS PHONE:		6143347979

	MAIL ADDRESS:	
		STREET 1:		C/O CFBANK
		STREET 2:		7000 N. HIGH ST.
		CITY:			WORTHINGTON
		STATE:			OH
		ZIP:			43085

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRAND CENTRAL FINANCIAL CORP
		DATE OF NAME CHANGE:	19980918
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cfbk-20160816x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			8-k Employment and Incentive plan agreements cover page 81616
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			<font style="display: inline;font-size:10pt;">UNITED STATES</font>
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			<font style="display: inline;font-size:10pt;">Washington</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">D.C.</font><font style="display: inline;font-size:10pt;"> 20549</font>
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			<font style="display: inline;font-size:10pt;">Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-size:10pt;">Date of Report (Date of earliest event reported</font><font style="display: inline;font-size:10pt;">):&nbsp; </font><font style="display: inline;font-size:10pt;">August</font><font style="display: inline;font-size:10pt;"> &nbsp;1</font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">6</font>
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			<font style="display: inline;font-size:10pt;text-decoration:underline;">CENTRAL FEDERAL CORPORATION</font>
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						<font style="display: inline;font-size:10pt;text-decoration:underline;">34-1877137</font></p>
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						<font style="display: inline;font-size:10pt;text-decoration:underline;">7000 N. High Street, Worthington, Ohio</font></p>
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						<font style="display: inline;font-size:10pt;"> &nbsp; </font><font style="display: inline;font-size:10pt;">(</font><font style="display: inline;font-size:10pt;">614</font><font style="display: inline;font-size:10pt;">) &nbsp;</font><font style="display: inline;font-size:10pt;">334</font><font style="display: inline;font-size:10pt;">-7979</font></p>
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						<font style="display: inline;font-size:10pt;"> &nbsp; </font><font style="display: inline;font-size:10pt;"> &nbsp; </font><font style="display: inline;font-size:10pt;">(Registrant&#x2019;s Telephone Number)</font></p>
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						<font style="display: inline;font-size:10pt;">(former name or former address, if changed since last report)</font></p>
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		<p style="margin:0pt -18pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
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		<p style="margin:0pt -18pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
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			<font style="display: inline;font-size:10pt;">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
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			<font style="display: inline;font-size:10pt;">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
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			<font style="display: inline;font-size:10pt;">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item </font><font style="display: inline;font-weight:bold;font-size:10pt;">5</font><font style="display: inline;font-weight:bold;font-size:10pt;">.02.&nbsp; </font><font style="display: inline;font-weight:bold;font-size:10pt;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font><font style="display: inline;font-weight:bold;font-size:10pt;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;text-decoration:underline;">Employment Agreements</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On August 15, 2016, Central Federal Corporation (the &#x201C;Company&#x201D;) and its wholly-owned subsidiary, CFBank (the &#x201C;Bank&#x201D;), entered into an employment agreement with each of Timothy T. O&#x2019;Dell, President and Chief Executive Officer of the Bank, and John W. Helmsdoerfer, Executive Vice President and Chief Financial Officer of the Bank.&nbsp;&nbsp;The following description of the employment agreements is a summary of their material terms and does not purport to be complete, and is qualified in its entirety by reference to the employment agreements, which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Each employment agreement is effective as of August 15, 2016, and has an initial term ending on December 31, 2018.&nbsp;&nbsp;Annually, beginning in 2017, the Boards of Directors of the Bank and the Company will review each employment agreement to determine whether extension of the employment agreement for an additional 12 months is appropriate.&nbsp;&nbsp;Mr. O&#x2019;Dell will receive an initial base annual salary of $240,000 and Mr. Helmsdoerfer will receive an initial base annual salary of $210,000.&nbsp;&nbsp;In addition to the base annual salary, the employment agreements provide for, among other things, participation in incentive programs and other employee benefit plans and other fringe benefits applicable to executive employees.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The employment agreements provide for certain payments if the executive executes a release of claims against the Bank and the Company and either: (a) has an involuntary termination without &#x201C;cause&#x201D; not in connection with a &#x201C;change of control&#x201D;, (b) voluntarily terminates with &#x201C;good reason&#x201D; not in connection with a &#x201C;change in control,&#x201D; (c) has an involuntary termination without &#x201C;cause&#x201D; during the first 24 months after a &#x201C;change of control&#x201D;, (d) voluntarily terminates with &#x201C;good reason&#x201D; during the first 24 months after a &#x201C;change in control,&#x201D;(e) dies, or (f) becomes disabled. </font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">In the event of involuntary termination without &#x201C;cause&#x201D; or voluntary termination with &#x201C;good reason,&#x201D; the terminated executive is entitled to receive a severance benefit equal to:</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:21pt;"><p style="width:21pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Salary continuation for the remaining term of the employment agreement, but not less than 12 months and not more than 24 months for Mr. O&#x2019;Dell and 18 months for Mr. Helmsdoerfer;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:21pt;"><p style="width:21pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Payment of a pro rata portion (calculated based on the ratio of the number of days of employment during the performance period to the total number of days during the performance period) of any incentive compensation payable to the executive with respect to the year in which the employment is terminated and payable when, if and to the extent that the bonus otherwise would have been payable had the executive remained employed;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:21pt;"><p style="width:21pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Payment of a lump sum equal to the product of 18 (or the number of months of salary continuation, if less than 18 months) multiplied by the difference between the monthly premium cost for COBRA continuation coverage for the medical insurance benefits in effect for the executive immediately prior to the termination and the monthly premium cost charged to an active employee for such coverage; and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:21pt;"><p style="width:21pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Full vesting of all outstanding equity awards and stock options, which shall remain exercisable for the full option exercise period that would have applied had the executive remained employed. </font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">Upon the termination of the executive without cause or the voluntary termination by the executive with good reason within 24 months after a &#x201C;change of control,&#x201D; the executive will receive a lump sum payment equal to a multiple (2 for Mr. O&#x2019;Dell and 1.5 for Mr. Helmsdoerfer) of the sum of the terminated executive&#x2019;s base salary on the date of termination and the average bonus paid to such executive over the 24 month period preceding such termination.&nbsp;&nbsp;The lump sum shall be paid within sixty days following the executive&#x2019;s termination date. The terminated executive is also entitled to full vesting of all outstanding equity awards and stock options, which shall remain exercisable for the full option exercise period that would have applied had the executive remained employed. This change of control benefit shall be subject to reduction if necessary to comply with regulatory limitations on golden parachute payments or to avoid excise taxes under Internal Revenue Code Section 4999.</font>
		</p>
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			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt 18pt 0pt 0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;">If during the term an executive terminates employment due to his death or disability, as defined under the agreement, the executive is entitled to receive an amount equal to 1 year of his base salary, payable in 12 equal monthly installments commencing on the first business day of the second month beginning after his date of termination.&nbsp;&nbsp;Any death/disability benefit provided under the employment agreement will be offset by any death or disability benefit or payment provided by or on behalf of the Bank or Company, whether insured or self-insured.&nbsp;&nbsp;All outstanding stock options shall become vested as of the date of termination due to his death or disability, and shall remain exercisable in accordance with the terms of each applicable option award agreement. </font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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			<font style="display: inline;font-size:10pt;">The employment agreements also require each of the executives to comply with a non-solicitation covenant during his employment with the Bank and Company during the term of the employment agreements and for a period of 1 year thereafter (or, if longer, the number of months of severance payments under the employment agreement). </font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The employment agreements also provide for a clawback of any incentive paid to, credit to an account on behalf or, or vested to the executive within the prior twenty-four (24) months under certain circumstances if it is later determined that the incentive is directly attributable to materially misleading financial statements or if applicable law or exchange listing regulation would require the minimum clawback necessary to comply with such law or regulation. </font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;text-decoration:underline;">Incentive Compensation Plan</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On August 11, 2016, the Company adopted an incentive compensation plan (the &#x201C;Plan&#x201D;) to enable it to attract and retain skilled employees, increase organizational and employee performance, promote employee retention; and allow personnel costs to vary along with revenues, all while appropriately balancing risk and financial rewards.</font>
		</p>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Under the Plan, the compensation committee of the board of directors of the Company (the &#x201C;Compensation Committee&#x201D;) is authorized to select the employees of the Company or any of its wholly-owned subsidiaries who are eligible to participate. Under the Plan, designated employees are given the opportunity to earn awards of incentive compensation if the Company or the Bank achieves various performance objectives established by the Compensation Committee. </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the Plan, designated employee participants may earn incentive compensation based on the satisfaction of corporate and/or strategic performance criteria that must be satisfied</font><font style="display: inline;font-size:10pt;"> over a prescribed performance period in order to receive payment. For each performance period, the Committee shall establish: (a) performance objectives used to determine the amount payable to each participant; (b) the requisite level of achievement of the performance objectives (which may include threshold, target and maximum levels); (c) the method for determining the amount payable based on the achievement of the performance objectives; and (d) any other terms and conditions. </font>
		</p>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The performance criteria that the Committee may use to establish awards under the Plan include earnings or earnings per share (whether on a pre-tax, after-tax, operational or other basis); return on equity; return on assets; revenues; expenses or expense levels; one or more capital or operating ratios; stock price; stockholder return; market share; cash flow; capital expenditures; net borrowing, debt, leverage levels or debt ratings; strategic objectives (including, mergers, acquisitions, dispositions, public offerings or similar extraordinary business transactions); net asset value per share; growth in deposits or assets; asset or credit quality; economic value added; regulatory compliance; or such other measures as the Board may select from time to time.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">In order to receive a payment of incentive compensation under the Plan, a participant must remain employed on the payment date. However, if a participant&#x2019;s employment is terminated prior to the payment date due to death, disability or retirement (as defined in the Plan), the participant may receive a prorated payment. </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The foregoing summary of the Incentive Plan is qualified in its entirety by reference to the Central Federal Corporation Incentive Compensation Plan, a copy of which is attached as Exhibit 10.3 hereto. </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">3</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt 18pt 0pt 0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;text-decoration:underline;">2016 Actions With Respect to Incentive Compensation Plan </font>
		</p>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On August 11, 2016, the Compensation Committee and the Board of Directors approved the establishment of 2016 awards (the &#x201C;2016 incentive awards&#x201D;) under the Incentive Plan. The 2016 incentive awards permit employees who are selected as participants to earn a specified &#x201C;target&#x201D; percentage of the incentive pool. The Compensation Committee established an incentive pool and selected Timothy O&#x2019;Dell and John Helmsdoerfer as participants for 2016 incentive awards.&nbsp;&nbsp;The maximum incentive award that may be earned by each participant is an amount equal to 100% of such Participant&#x2019;s base compensation.</font>
		</p>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The 2016 incentive awards can be earned based on the level of achievement of the following performance objectives over a performance period of one year that began on January 1, 2016: the pre-tax net income of the Bank, the increase in the Bank&#x2019;s earning assets, the increase in the Bank&#x2019;s core deposits growth, the amount of the Bank&#x2019;s criticized assets and the Bank&#x2019;s regulatory CAMEL rating. </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The 2016 incentive awards can be earned at different levels, depending on the level of attainment of the performance objectives.&nbsp;&nbsp;The Board may also grant participants a supplementary discretionary bonus not to exceed 10% of the participant&#x2019;s share of the incentive pool as determined by the Board in its sole discretion. </font>
		</p>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Any attained 2016 incentive award will be paid in a single installment in 2017 (on or before March 15, 2017).</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 9.01.&nbsp;&nbsp;Financial Statements and Exhibits</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">(d)&nbsp; </font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;text-decoration:underline;">Exhibits</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
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		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
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					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 10pt">
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					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:88.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Number</font></p>
				</td>
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:88.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:10.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:88.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:10.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.1</font></p>
				</td>
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:88.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Employment Agreement, dated August 15, 2016, by and among the Company, the Bank and Timothy T. O&#x2019;Dell.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:10.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.2</font></p>
				</td>
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:88.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Employment Agreement, dated August 15, 2016, by and among the Company, the Bank and John </font><font style="display: inline;font-size:10pt;">W</font><font style="display: inline;font-size:10pt;">. Helmsdoerfer.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:10.00%;height:23.85pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.3</font></p>
				</td>
				<td valign="top" style="width:02.00%;height:23.85pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:88.00%;background-color: #auto;height:23.85pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Incentive Compensation Plan, dated August 11, 2016.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">4</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt 18pt 0pt 0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:495.00pt;margin-left:0pt;">
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:135.90pt;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:142.20pt;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:28.15pt;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:188.75pt;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:135.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:142.20pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:28.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:188.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Central Federal Corporation</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:135.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:142.20pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:28.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:188.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:135.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Date:&nbsp; </font><font style="display: inline;font-size:10pt;">August</font><font style="display: inline;font-size:10pt;"> &nbsp;1</font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">6</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:142.20pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:28.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By:</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:188.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;border-bottom:1pt solid #000000 ;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">/s/ </font><font style="display: inline;font-size:10pt;">Timothy T. O&#x2019;Dell</font><font style="display: inline;font-size:10pt;"></font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:135.90pt;height:13.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:142.20pt;height:13.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:28.15pt;height:13.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:188.75pt;height:13.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Timothy T. O&#x2019;Dell</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:135.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:142.20pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:28.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:188.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt 9pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">President</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">Chief </font><font style="display: inline;font-size:10pt;">Executive</font><font style="display: inline;font-size:10pt;"> Officer</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt -9pt 0pt 288pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -9pt 0pt 288pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt 18pt 0pt 0pt;text-align:right;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 6.75pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt 0pt 0pt 6.75pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 6.75pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td colspan="2" valign="top" style="width:09.92%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:02.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:88.08%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td colspan="2" valign="top" style="width:09.92%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit</font></p>
				</td>
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:88.08%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="2" valign="top" style="width:09.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Number</font></p>
				</td>
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:88.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Description</font></p>
				</td>
			</tr>
			<tr>
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						<font style="display: inline;">&nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">10.1</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt 0pt 0pt 11.9pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Employment Agreement, dated August 15, 2016, by and among the Company, the Bank and Timothy T. O&#x2019;Dell.</font></p>
				</td>
			</tr>
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						<font style="display: inline;font-size:10pt;">10.2</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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				<td colspan="2" valign="top" style="width:90.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 11.9pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Employment Agreement, dated August 15, 2016, by and among the Company, the Bank and John </font><font style="display: inline;font-size:10pt;">W</font><font style="display: inline;font-size:10pt;">. Helmsdoerfer.</font></p>
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						<font style="display: inline;font-size:10pt;">10.3</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt 0pt 0pt 11.9pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Incentive Compensation Plan, dated August 11, 2016.</font></p>
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			<font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"></font>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>cfbk-20160816xex10_1.htm
<DESCRIPTION>EX-10.1
<TEXT>
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		<title>
			Exhibit 101 Employment Agreement ODell
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.1</font>

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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;text-transform:uppercase;font-size:10pt;text-decoration:underline;">&#xFEFF;</font>
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			<font style="display: inline;font-weight:bold;text-transform:uppercase;font-size:10pt;text-decoration:underline;">EMPLOYMENT AGREEMENT</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;text-transform:uppercase;font-size:10pt;text-decoration:underline;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M1"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"><font style="display: inline;font-size:10pt;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;">This Employment Agreement (this &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;) is entered into </font><font style="display: inline;font-size:10pt;">effective the</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">15th</font><font style="display: inline;font-size:10pt;"> day of </font><font style="display: inline;font-size:10pt;">August</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">201</font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"> (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Effective Date</font><font style="display: inline;font-size:10pt;">&#x201D;), by and </font><font style="display: inline;font-size:10pt;">among</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Central Federal Corporation (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Corporation</font><font style="display: inline;font-size:10pt;">&#x201D;), its wholly-owned subsidiary, </font><font style="display: inline;font-size:10pt;">CF Bank (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Bank</font><font style="display: inline;font-size:10pt;">&#x201D;</font><font style="display: inline;font-size:10pt;">, collectively with the Co</font><font style="display: inline;font-size:10pt;">rp</font><font style="display: inline;font-size:10pt;">oration referred to as the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Employer</font><font style="display: inline;font-size:10pt;">&#x201D;), and </font><font style="display: inline;font-size:10pt;">Timothy T. O'Dell</font><font style="display: inline;font-size:10pt;">, an individual (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Executive</font><font style="display: inline;font-size:10pt;">&#x201D;).</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M2"></a><font style="display: inline;font-weight:bold;font-size:10pt;">W I T N E S S E T H</font><font style="display: inline;font-size:10pt;">:</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M3"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;"></font><a name="_DV_M5"></a><font style="display: inline;font-size:10pt;">WHEREAS, the </font><font style="display: inline;font-size:10pt;">Employers</font><font style="display: inline;font-size:10pt;"> desire to employ the Executive and the Executive desires to be employed by the </font><font style="display: inline;font-size:10pt;">Employers</font><font style="display: inline;font-size:10pt;"> in accordance with the terms and conditions of this Agreement;</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M6"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the </font><font style="display: inline;font-size:10pt;">Employers</font><font style="display: inline;font-size:10pt;"> and the Executive agree as follows:</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M7"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:29pt;"><font style="display: inline;font-size:10pt;">1</font><font style="display: inline;font-size:10pt;">.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Employment and Term</font><font style="display: inline;font-size:10pt;">. The Executive shall serve as the </font><font style="display: inline;font-size:10pt;">Chief Executive Officer</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">of the Bank in accordance with the terms and subject to the conditions of this Agreement from the Effective Date until </font><font style="display: inline;font-size:10pt;">December 31, 2018 </font><font style="display: inline;font-size:10pt;">(the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Initial Term</font><font style="display: inline;font-size:10pt;">&#x201D;).&nbsp; </font><font style="display: inline;font-size:10pt;">Employers</font><font style="display: inline;font-size:10pt;">&#x2019; Board of Directors </font><font style="display: inline;font-size:10pt;">shall review this Agreement annually</font><font style="display: inline;font-size:10pt;"> commencing in 2017</font><font style="display: inline;font-size:10pt;"> and determine whether the extension of the Agreement for an additional </font><font style="display: inline;font-size:10pt;">twelve month </font><font style="display: inline;font-size:10pt;">period </font><font style="display: inline;font-size:10pt;">(each a &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Renewal Term</font><font style="display: inline;font-size:10pt;">&#x201D;) </font><font style="display: inline;font-size:10pt;">is appropriate </font><font style="display: inline;font-size:10pt;">in </font><a name="_DV_M8"></a><font style="display: inline;font-size:10pt;">its sole and exclusive discretion</font><font style="display: inline;font-size:10pt;">.&nbsp; </font><font style="display: inline;font-size:10pt;">This Agreement shall be extended for a Renewal Term unless t</font><font style="display: inline;font-size:10pt;">he Employers provide </font><font style="display: inline;font-size:10pt;">the Executive with a </font><font style="display: inline;font-size:10pt;">written notice </font><font style="display: inline;font-size:10pt;">of non-renewal </font><font style="display: inline;font-size:10pt;">not less than </font><font style="display: inline;font-size:10pt;">30</font><font style="display: inline;font-size:10pt;"> days prior to the end of </font><font style="display: inline;font-size:10pt;">each calendar year</font><font style="display: inline;font-size:10pt;"> beginning after December 31, 2016</font><font style="display: inline;font-size:10pt;">.&nbsp;&nbsp;The Initial Term and any Renewal Term are collectively, the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Term</font><font style="display: inline;font-size:10pt;">.&#x201D;</font></font>
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		<p style="margin:0pt 0pt 12pt 36pt;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M10"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:29pt;"><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;">.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Duties of the Executive</font><font style="display: inline;font-size:10pt;">.</font></font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size:10pt;text-align:justify;text-justify:inter-ideograph;;"> (a)</font>
			<a name="_DV_M11"></a><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">General Duties and Responsibilities</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive shall perform the duties and responsibilities customary for the Executive&#x2019;s position to the best of the Executive&#x2019;s ability and in accordance with the policies established by the </font><font style="display: inline;font-size:10pt;color:#000000;">Corporation&#x2019;s </font><font style="display: inline;font-size:10pt;color:#000000;">Board</font><font style="display: inline;font-size:10pt;color:#000000;"> of Directors (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Board</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;)</font><font style="display: inline;font-size:10pt;color:#000000;"> and all applicable laws and regulations.&nbsp;&nbsp;The Executive shall perform such other duties not inconsistent with the Executive&#x2019;s position as may be assigned from time to time by the Board. </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size:10pt;text-align:justify;text-justify:inter-ideograph;;"> (b)</font>
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Devotion of Time to the </font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">&#x2019; Business</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;During the Term, the Executive shall devote the Executive&#x2019;s full business time, ability and attention to the faithful performance of duties under this Agreement, subject to the direction of the Board.&nbsp;&nbsp;The Executive shall not directly or indirectly render any services of a business, commercial or professional nature to any person or organization which competes with the business of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> without the prior written consent of the Board; provided, however, that the Executive shall not be precluded from: (i) reasonable participation in community, civic, charitable or similar organizations; (ii) reasonable participation in industry-related activities, including, but not limited to, attending industry trade association (national and state) conventions, conferences and committee meetings and holding positions of responsibility therein; and (iii) the pursuit of personal investments which do not interfere or conflict with the performance of the Executive&#x2019;s duties for the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">. &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 36pt;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M12"></a><a name="_DV_M13"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:29pt;"><font style="display: inline;font-size:10pt;color:#000000;">3</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Compensation, Benefits and Reimbursements</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;During the </font><font style="display: inline;font-size:10pt;color:#000000;">Executive&#x2019;s employment by the Employers during the </font><font style="display: inline;font-size:10pt;color:#000000;">Term:</font></font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size:10pt;text-align:justify;text-justify:inter-ideograph;;"> (a)</font>
			<a name="_DV_M14"></a><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Salary</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">T</font><font style="display: inline;font-size:10pt;color:#000000;">he Executive shall receive an annual salary in the amount of $</font><font style="display: inline;font-size:10pt;color:#000000;">240</font><font style="display: inline;font-size:10pt;color:#000000;">,000</font><font style="display: inline;font-size:10pt;color:#000000;">, payable in equal installments not less often than monthly.&nbsp;&nbsp;At least annually, the Executive&#x2019;s annual salary shall be reviewed </font><font style="display: inline;font-size:10pt;color:#000000;">based upon the performance of the Executive and the Employers over the previous year </font><font style="display: inline;font-size:10pt;color:#000000;">and may be adjusted by the Board or a committee thereof, determined in its discretion</font><font style="display: inline;font-size:10pt;color:#000000;">, &nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">provided that in no event shall the Executive&#x2019;s annual salary be less than $240,000 unless the Executive consents to a lower amount</font><font style="display: inline;font-size:10pt;color:#000000;"> (the initial base salary as adjusted, if applicable, the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Base Salary</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;).&nbsp; </font><a name="_DV_M15"></a><a name="_DV_M32"></a><a name="_DV_M33"></a></p></td></tr></table></div>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size:10pt;text-align:justify;text-justify:inter-ideograph;;"> (b)</font>
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Performance Bonus</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">T</font><font style="display: inline;font-size:10pt;color:#000000;">he Executive shall be eligible to receive an annual performance bonus (the &#x201C;Bonus&#x201D;) contingent upon the satisfaction of performance goals established by the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">, the Board or a committee thereof</font><font style="display: inline;font-size:10pt;color:#000000;"> from time to time</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size:10pt;text-align:justify;text-justify:inter-ideograph;;"> (c)</font>
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Employee Benefit Plans</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">T</font><font style="display: inline;font-size:10pt;color:#000000;">he </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> will permit the Executive to participate in all health and life insurance coverages, disability programs, tax-qualified retirement plans, paid holidays, perquisites, and such other benefits of employment as the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> may provide from time to time to employees of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> holding similar positions as the Executive, subject to the terms and conditions of such plans, policies and programs.&nbsp; </font><a name="_DV_M39"></a><font style="display: inline;font-size:10pt;color:#000000;">Notwithstanding any provision contained in this Agreement, the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> may discontinue or terminate at any time any employee benefit plan, policy or program, now existing or hereafter adopted, to the extent permitted by the terms of such plan, policy or program</font><a name="_DV_M40"></a><font style="display: inline;font-size:10pt;color:#000000;"> and shall not be required to compensate the Executive for such discontinuation or termination.</font><a name="_DV_M41"></a><a name="_DV_M42"></a><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;color:#000000;"></font><a name="_DV_M45"></a><a name="_DV_M47"></a><font style="display: inline;font-size:10pt;color:#000000;">4.</font><font style="display: inline;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Termination of Employment</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<a name="_DV_M48"></a><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Compensation Upon Termination</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">Except to the extent that the Executive is terminated following a Change in Control as described in Section 4(b)</font><font style="display: inline;font-size:10pt;color:#000000;">, dies or becomes Disabled as described in Section 4(c)</font><font style="display: inline;font-size:10pt;color:#000000;">:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (i)</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Upon termination of the Executive&#x2019;s employment during the Term by the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> without Cause</font><font style="display: inline;font-size:10pt;color:#000000;"> or by the Executive for Good Reason</font><font style="display: inline;font-size:10pt;color:#000000;">, subject to the conditions set forth in Section 5, the Bank shall pay to the Executive </font><font style="display: inline;font-size:10pt;color:#000000;">(or to the Executive&#x2019;s estate if Executive dies before all severance benefits payable under this Section 4(a)(i) have been paid) </font><font style="display: inline;font-size:10pt;color:#000000;">(A) </font><font style="display: inline;font-size:10pt;color:#000000;">an amount equal to</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">the Executive&#x2019;s </font><font style="display: inline;font-size:10pt;color:#000000;">monthly </font><font style="display: inline;font-size:10pt;color:#000000;">Base Salary as in effect on the date of such termination</font><font style="display: inline;font-size:10pt;color:#000000;"> payable in</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">equal monthly installments commencing on the first business day of the second month beginning after the Executive&#x2019;s date of termination (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Severance</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;)</font><font style="display: inline;font-size:10pt;color:#000000;"> and continuing for the remaining Term, but not less than 12 months and not more than 24 months</font><font style="display: inline;font-size:10pt;color:#000000;"> and (B) </font><font style="display: inline;color:#000000;font-size:10pt;">the pro rata portion (calculated based on the ratio of the number of days during such bonus performance period that the Executive was employed to the total number of days in the applicable bonus performance period) of any bonus payable to the Executive under the Employers&#x2019; incentive compensation plan with respect to the year in which Executive&#x2019;s employment is terminated, payable when, if and to the extent such bonus otherwise would have been payable had Executive&#x2019;s employment not been terminated</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (ii)</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">As additional compensation upon termination of Executive&#x2019;s employment during the Term by the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> without Cause</font><font style="display: inline;font-size:10pt;color:#000000;"> or by the Executive for Good Reason</font><font style="display: inline;font-size:10pt;color:#000000;">:</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 126pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">(A) </font><font style="display: inline;font-size:10pt;color:#000000;">the Bank shall pay a lump sum payment equal to the difference between the monthly premium cost for COBRA continuation coverage for the medical insurance benefits in effect for the Executive immediately prior to such termination and the monthly premium cost of such coverage for an active employee of the Employers, multiplied by the lesser of 18 months or the number of months of Severance payments under Section 4(a)(i) above; and</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt 126pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">(</font><font style="display: inline;font-size:10pt;color:#000000;">B</font><font style="display: inline;font-size:10pt;color:#000000;">) &nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">all stock options </font><font style="display: inline;font-size:10pt;color:#000000;">and other equity awards </font><font style="display: inline;font-size:10pt;color:#000000;">granted by the </font><font style="display: inline;font-size:10pt;color:#000000;">Corporation</font><font style="display: inline;font-size:10pt;color:#000000;"> to the Executive shall be fully vested and </font><font style="display: inline;font-size:10pt;color:#000000;">all stock options </font><font style="display: inline;font-size:10pt;color:#000000;">shall remain exercisable for the full option exercise period that would have applied had the Executive remained employed. </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">2</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt 126pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Change of Control Benefit</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;If the Bank has a Change of Control (as defined in Section 409A(a)(2)(A)(v) of the Internal Revenue Code of 1986, as amended (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Code</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;)), and the Executive&#x2019;s employment is terminated by the Bank without Cause</font><font style="display: inline;font-size:10pt;color:#000000;">, or by the Executive for Good Reason,</font><font style="display: inline;font-size:10pt;color:#000000;"> before the second anniversary of the date of such Change of Control, subject to the conditions set forth in Section 5, the Bank shall pay to the Executive a lump sum cash amount equal to 2 times the </font><font style="display: inline;font-size:10pt;color:#000000;">sum of the Executive&#x2019;s Base Salary and the average bonus paid to the Executive over the prior 24 month period</font><font style="display: inline;font-size:10pt;color:#000000;">. Such lump sum shall be paid within sixty (60) days following the Executive&#x2019;s </font><font style="display: inline;font-size:10pt;color:#000000;">termination</font><font style="display: inline;font-size:10pt;color:#000000;">, provided that, if the sixty (60) day window would span two years, the payment will be made in the second year.&nbsp;&nbsp;In addition, all stock options </font><font style="display: inline;font-size:10pt;color:#000000;">and other equity awards </font><font style="display: inline;font-size:10pt;color:#000000;">granted by the </font><font style="display: inline;font-size:10pt;color:#000000;">Corporation</font><font style="display: inline;font-size:10pt;color:#000000;"> to the Executive shall be fully vested as of the date of the Change in Control</font><font style="display: inline;font-size:10pt;color:#000000;"> and </font><font style="display: inline;font-size:10pt;color:#000000;">such stock options </font><font style="display: inline;font-size:10pt;color:#000000;">shall remain exercisable for the full option exercise period that would have applied had the Executive remained employed</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Benefit</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;"> Upon Death or Disability</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">Upon termination of the Executive&#x2019;s employment during the Term due to </font><font style="display: inline;font-size:10pt;color:#000000;">the Executive&#x2019;s death or Disability, </font><font style="display: inline;font-size:10pt;color:#000000;">the Bank shall pay to the Executive</font><font style="display: inline;font-size:10pt;color:#000000;"> or to the Executive</font><font style="display: inline;font-size:10pt;color:#000000;">&#x2019;s estate</font><font style="display: inline;font-size:10pt;color:#000000;">, as applicable,</font><font style="display: inline;font-size:10pt;color:#000000;"> an amount equal to one times the Executive&#x2019;s annual Base Salary as in effect on the date of such termination.&nbsp;&nbsp;Such death or Disability benefit shall be paid in 12 equal monthly installments commencing on the first business day of the second month beginning after the Executive&#x2019;s date of termination due to death or Disability.&nbsp;&nbsp;The payments due under this Section 4(c)</font><font style="display: inline;font-size:10pt;color:#000000;"> shall be offset by any benefit or</font><font style="display: inline;font-size:10pt;color:#000000;"> payment </font><font style="display: inline;font-size:10pt;color:#000000;">provided by </font><font style="display: inline;font-size:10pt;color:#000000;">the Employers</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">(or on behalf of </font><font style="display: inline;font-size:10pt;color:#000000;">the Employers</font><font style="display: inline;font-size:10pt;color:#000000;">) &nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">to any beneficiary of the Executive (including Executive&#x2019;s estate) on account of Executive&#x2019;s death or Disability, </font><font style="display: inline;font-size:10pt;color:#000000;">regardless of </font><font style="display: inline;font-size:10pt;color:#000000;">whether </font><font style="display: inline;font-size:10pt;color:#000000;">such benefit</font><font style="display: inline;font-size:10pt;color:#000000;"> or payment</font><font style="display: inline;font-size:10pt;color:#000000;"> is insured or self-i</font><font style="display: inline;font-size:10pt;color:#000000;">n</font><font style="display: inline;font-size:10pt;color:#000000;">s</font><font style="display: inline;font-size:10pt;color:#000000;">ured.</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">In addition, a</font><font style="display: inline;font-size:10pt;color:#000000;">ll stock options granted by the Corporation to the Executive shall be fully vested </font><font style="display: inline;font-size:10pt;color:#000000;">as of the date of termination of Executive&#x2019;s employment due to death or Disability </font><font style="display: inline;font-size:10pt;color:#000000;">and shall remain exercisable </font><font style="display: inline;font-size:10pt;color:#000000;">in accordance with the terms of the Executive&#x2019;s applicable option award agreement</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (d)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">No Right to Severance for Any Other Reason</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">Except as otherwise provided in Section 4(a)</font><font style="display: inline;font-size:10pt;color:#000000;">, &nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">(b)</font><font style="display: inline;font-size:10pt;color:#000000;"> or (c)</font><font style="display: inline;font-size:10pt;color:#000000;">, t</font><font style="display: inline;font-size:10pt;color:#000000;">he Executive shall have no right to the payment of Severance upon termination of the Executive&#x2019;s employment by the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> for Cause, by the Executive for any reason or no reason</font><font style="display: inline;font-size:10pt;color:#000000;"> (other than for Good Reason)</font><font style="display: inline;font-size:10pt;color:#000000;">, as a result of the Executive&#x2019;s death or Disability, or upon expiration of the Term.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (e)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Definitions</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;For purposes of this Agreement:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (i)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Cause</font><font style="display: inline;font-size:10pt;color:#000000;">:&nbsp;&nbsp;The </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> shall have &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Cause</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; to terminate the Executive&#x2019;s&nbsp;&nbsp;employment upon the occurrence of any of the following events:&nbsp;&nbsp;(i) willful and continued failure to substantially perform assigned duties; (ii) gross misconduct; (iii) </font><font style="display: inline;font-size:10pt;color:#000000;">a material </font><font style="display: inline;font-size:10pt;color:#000000;">breach of any written covenant or of any term of this Agreement or any other agreement with </font><font style="display: inline;font-size:10pt;color:#000000;">either Employer</font><font style="display: inline;font-size:10pt;color:#000000;">, as determined by the Audit Committee of the Board</font><font style="display: inline;font-size:10pt;color:#000000;">; (iv) commission of a felony or of a gross misdemeanor involving moral turpitude in connection with the Executive&#x2019;s employment with </font><font style="display: inline;font-size:10pt;color:#000000;">either Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate, or commission of a crime other than a felony which involves a breach of trust or fiduciary duty, in each case whether or not involving </font><font style="display: inline;font-size:10pt;color:#000000;">either Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate; (v) fraud, disloyalty, dishonesty or willful violation of any applicable law, rule or regulation of </font><font style="display: inline;font-size:10pt;color:#000000;">either Employer&#x2019;s</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate&#x2019;s code of conduct or any other policy of </font><font style="display: inline;font-size:10pt;color:#000000;">either Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate that applies to the Executive, or (vi) issuance of an order for removal of the Executive by any agency which regulates the activities of </font><font style="display: inline;font-size:10pt;color:#000000;">either Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate.</font></p></td></tr></table></div>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">3</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (ii)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Disability</font><font style="display: inline;font-size:10pt;color:#000000;">:&nbsp;&nbsp;The Executive shall be deemed to be &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Disabled</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; if&nbsp;&nbsp;the Executive suffers from (A) any mental or physical condition with respect to which the Executive qualifies for and receives benefits under a long-term disability plan of </font><font style="display: inline;font-size:10pt;color:#000000;">either Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate, or (B) in the absence of such a long-term disability plan or coverage under such plan, a physical or mental condition which, in the sole discretion of the Board or a committee thereof is reasonably expected to be of indefinite duration and to substantially prevent the Executive from fulfilling the Executive&#x2019;s duties or responsibilities to the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">. &nbsp;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (iii)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Good Reason</font><font style="display: inline;font-size:10pt;color:#000000;">:&nbsp;&nbsp;&#x201C;Good Reason&#x201D; shall mean the termination of Executive&#x2019;s employment by Executive that occurs within ninety (90) days after the initial existence of one or more of the following conditions arising without the consent of Executive:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:168pt;"><p style="width:168pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> a.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">A material decrease in Executive&#x2019;s Base Salary as compared to the Base Salary paid during the prior twelve (12) month period without Cause;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:168pt;"><p style="width:168pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> b.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Employer&#x2019;s relocation of Executive&#x2019;s principle office to a location more than twenty-five (25) miles outside of Columbus, Ohio;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:168pt;"><p style="width:168pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> c.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Material breach of a provisio</font><font style="display: inline;font-size:10pt;color:#000000;">n of this Agreement </font><font style="display: inline;font-size:10pt;color:#000000;">or of the Corporation&#x2019;s </font><font style="display: inline;font-size:10pt;color:#000000;">i</font><font style="display: inline;font-size:10pt;color:#000000;">ncentive </font><font style="display: inline;font-size:10pt;color:#000000;">c</font><font style="display: inline;font-size:10pt;color:#000000;">ompensation </font><font style="display: inline;font-size:10pt;color:#000000;">p</font><font style="display: inline;font-size:10pt;color:#000000;">lan </font><font style="display: inline;font-size:10pt;color:#000000;">by Employer</font><font style="display: inline;font-size:10pt;color:#000000;">; or </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:168pt;"><p style="width:168pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> d.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Material diminution in Executive&#x2019;s duties and responsibilities. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 144pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">Notwithstanding the foregoing, the Executive shall not have Good Reason to terminate his employment unless he provides</font><font style="display: inline;font-size:10pt;color:#000000;"> written notice to the Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> within sixty (60) days after the initial existence of the applic</font><font style="display: inline;font-size:10pt;color:#000000;">able condition and the Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> fail</font><font style="display: inline;font-size:10pt;color:#000000;">s</font><font style="display: inline;font-size:10pt;color:#000000;"> to cure such condition within 30 days after their receipt of such notice.</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 5.</font>
			<a name="_DV_M49"></a><a name="_DV_M62"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Conditions on Receipt of Severance</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Bank&#x2019;s obligation to pay Severance pursuant to this Agreement is expressly conditioned upon:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Execution of Release</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive&#x2019;s agreement to release the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> and all of its affiliates and their respective employees and directors from any and all claims that the Executive may have against the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> and any affiliate and their respective employees and directors, excluding any claims for non-payment of any accrued but unpaid Base Salary or Severance, up to and including the date the Executive signs a waiver and release of claims (&#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Release</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;) in the form provided by the Bank, which shall include provisions prohibiting the Executive from competing with the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate as described in and for the duration set forth in Section 6(a) of this Agreement.&nbsp;&nbsp;The Executive acknowledges that the Executive is not entitled to receive, and shall not receive, any payments of Severance pursuant to this Agreement unless and until the Executive provides the Bank with said Release and the Release has become irrevocable, before the first day of the second month commencing after the date of the Executive&#x2019;s termination.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Compliance with Covenants</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive&#x2019;s compliance with the covenants set forth in Section 6 of this Agreement.&nbsp;&nbsp;If the Executive breaches any covenants set forth in Section 6 of this Agreement, the Executive shall forfeit any further right to payments of Severance and, upon receipt of written notice from </font><font style="display: inline;font-size:10pt;color:#000000;">either Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> requesting the same, shall promptly repay any Severance previously received under this Agreement.&nbsp; </font></p></td></tr></table></div>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">4</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 6.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Covenants</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Non-Solicitation</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;During the </font><a name="_DV_M67"></a><font style="display: inline;font-size:10pt;color:#000000;">Executive&#x2019;s employment by the Employers during the Term of this Agreement and, if applicable, for the Additional Nonsolicitation Period (as defined below) following the termination of the Executive&#x2019;s employment for any reason prior to the end of the Term, the Executive shall not, directly or indirectly, for himself or through, on behalf of, or in conjunction with, any person(s) or organization, (i) solicit, contact, call upon, communicate with or attempt to communicate with any Customer of the Employers on behalf of a Competing Business for the purpose of providing products and/or services provided to its Customers of the Employers, as hereinafter defined, and/or (ii) solicit any person who is then an employee of either Employer or who has been an employee of either Employer at any time within the six months of such solicitation for the purpose of inducing such person to become an employee of, consultant to, or contractor for a Competing Business.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">For purposes of this Agreement: (A) &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Competing Business</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; means any person, business, firm, or enterprise located within a 50 mile radius of Executive&#x2019;s primary work location, that is engaged in or is about to become engaged in the banking and/or financial services industry, including but not limited to, financial accounts, loans, credit and debit cards, payroll processing, merchant accounts, investment and brokerage services, financial planning, trust and estate services, retirement planning, and insurance products and services; (B) &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Customer</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; means each and every person who does business with either Employer during the term of Executive&#x2019;s employment; and (C) &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Additional Nonsolicitation Period</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; means a period following the termination of the Executive&#x2019;s employment with the Employers (prior to the expiration of the Term) which is equal to the greater of (x) one year or (y) the number of months, if any, of Severance payments under Section 4(a)(i) hereof.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">This Section 6(a) of this Agreement is reasonably necessary to protect the interests of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> in whose favor such agreements are imposed in light of the nature of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers&#x2019;</font><font style="display: inline;font-size:10pt;color:#000000;"> business and the involvement of the Executive in such business and are reasonable and necessary to protect the legitimate business interests of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> and they are not greater than are necessary for the protection of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> in light of the substantial harm that the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> will suffer should the Executive breach any of the provisions of said covenants or agreements.</font><a name="_DV_M69"></a>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Confidential Information</font><font style="display: inline;font-size:10pt;color:#000000;">. The Executive acknowledges that during the Executive&#x2019;s employment he shall learn and shall have access to confidential information regarding the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> and </font><font style="display: inline;font-size:10pt;color:#000000;">their</font><font style="display: inline;font-size:10pt;color:#000000;"> customers and business.&nbsp;&nbsp;The Executive agrees and covenants not to disclose or use for the Executive&#x2019;s own benefit or the benefit of any other person or entity any confidential information, unless or until the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers consent</font><font style="display: inline;font-size:10pt;color:#000000;"> to such disclosure or use or such information becomes common knowledge in the industry or is otherwise legally in the public domain. The Executive shall not knowingly disclose or reveal to any unauthorized person any confidential information relating to the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">, its subsidiaries or affiliates, or to any of the businesses operated by them, and the Executive confirms that such information constitutes the exclusive property of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">. The Executive shall not otherwise knowingly act or conduct himself (i) to the material detriment of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or </font><font style="display: inline;font-size:10pt;color:#000000;">their</font><font style="display: inline;font-size:10pt;color:#000000;"> affiliates or (ii) in a manner which is inimical or contrary to the interests of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;Notwithstanding anything to the contrary contained in this Agreement, this Section 6(b) shall remain in effect following the termination of this Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">Notwithstanding anything to the contrary in the foregoing, Executive shall not be in violation of this obligation of confidentiality if Executive is compelled to disclose confidential information of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> by a valid court order or other governmental order; provided, however, that the Executive shall, if reasonably practicable, first notify the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> prior to disclosing such confidential information so as to allow the </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">5</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;">Employers</font><font style="display: inline;font-size:10pt;"> to seek legal protection against the disclosure of the confidential information.</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Non-Disparagement</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive agrees that the Executive shall not make any public statements which disparage the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or any of </font><font style="display: inline;font-size:10pt;color:#000000;">their</font><font style="display: inline;font-size:10pt;color:#000000;"> affiliates or any of their respective directors, officers or employees.&nbsp;&nbsp;Nothing in the foregoing is intended to prohibit the Executive from making truthful statements required by order of a court, governmental body or regulatory body having appropriate jurisdiction.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (d)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Return of Property</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive agrees that, upon the Executive&#x2019;s termination of employment, the Executive shall promptly return to the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> any confidential documents or material or any other property belonging to the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">, including keys, credits cards, and passes, and the Executive shall also return all writings, files, records, correspondence, notebooks, notes and other documents and things (including any copies thereof) containing confidential information or relating to the business or proposed business of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate, except any personal diaries, calendars, rolodexes or personal notes or correspondence.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (e)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Cooperation</font><font style="display: inline;font-size:10pt;color:#000000;">.</font><a name="_DV_M64"></a><a name="_DV_M65"></a><font style="display: inline;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 3pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;color:#000000;"></font><a name="_DV_M68"></a><font style="display: inline;font-size:10pt;color:#000000;">The Executive agrees that the Executive shall be reasonably available to testify truthfully on behalf of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, and to assist the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate in all reasonable respects in any such action, suit or proceeding, by providing information and meeting and consulting with the Board, or their representatives or counsel, or representatives or counsel of the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or any affiliate, as requested; provided, however, that the same does not materially interfere with the Executive&#x2019;s then-current professional activities, and provided that the Executive is reimbursed for any reasonable costs and expenses associated with such cooperation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;color:#000000;">A breach by the Executive or the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> of any of the terms or conditions of this Agreement and, in particular, this Section 6, will result in irreparable harm to the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or the Executive and the remedies at law for such breach may not adequately compensate the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> or the Executive for damages suffered.&nbsp;&nbsp;In the event of such breach, the Executive or the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> shall be entitled to seek injunctive relief or such other equitable remedy as a court of competent jurisdiction may provide.&nbsp;&nbsp;If all or a portion of any of the restrictions and agreements of the Executive or the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> contained in this Agreement, including, but not limited to this Section 6, are held to be unreasonable or unenforceable by a court of competent jurisdiction in a final order to which the Executive or the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> is a party, the Executive and the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> shall be bound by any lesser agreement or restriction subsumed within the terms of the invalidated provision to the maximum extent permitted by law as if the resulting covenants were originally and separately stated in this Agreement.&nbsp;&nbsp;In the event that a court issues any such injunctive relief, the Executive and the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> shall not be required to post any surety bond or other security for the injunctive relief to take effect.&nbsp;&nbsp;Nothing contained herein will be construed to limit the rights of the Executive or the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> to any remedies at law, including the recovery of damages and attorneys&#x2019; fees for breach of this Agreement.</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 7.</font>
			<a name="_DV_M70"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Nonassignability</font><font style="display: inline;font-size:10pt;color:#000000;">. Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive, the Executive&#x2019;s beneficiaries or legal representatives without the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">&#x2019;</font><font style="display: inline;font-size:10pt;color:#000000;"> prior written consent; provided, however, that nothing in this Section 7 shall preclude the Executive from designating a beneficiary to receive any benefits payable hereunder upon the Executive&#x2019;s death.</font><a name="_DV_M71"></a></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 8.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">No Attachment</font><font style="display: inline;font-size:10pt;color:#000000;">. Except as required by law, no right to receive payment under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation or to execution, attachment, levy or similar process of assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.</font><a name="_DV_M72"></a></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 9.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Binding Agreement</font><font style="display: inline;font-size:10pt;color:#000000;">. This Agreement shall be binding upon, and inure to the benefit of, the Executive and the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> and their respective permitted successors and assigns.</font><a name="_DV_M73"></a><a name="_DV_M74"></a><a name="_DV_M75"></a><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;For purposes of clarity, this Agreement shall continue following a Change of Control unless the Executiv</font><font style="display: inline;font-size:10pt;color:#000000;">e</font><font style="display: inline;font-size:10pt;color:#000000;"> and the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> (or </font><font style="display: inline;font-size:10pt;color:#000000;">their</font><font style="display: inline;font-size:10pt;color:#000000;"> successor/assign) agree otherwise.</font></p></td></tr></table></div>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">6</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 10.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Taxes</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, all payments and benefits required to be made or provided by the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> to the Executive shall be subject to withholding of such amounts relating to taxes as the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;"> may reasonably determine that it should withhold pursuant to any applicable law or regulation.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 24pt 0pt 0pt;"> 11.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Section 409A of the Code</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The compensation and benefits payable pursuant to this Agreement are intended to comply with or be exempt from the requirements of Section 409A of the Code, to the extent applicable, and, to the maximum extent permitted by law, shall be interpreted in a manner that results in its continued compliance with or exemption from the requirements of that section.&nbsp;&nbsp;In the event it is determined that any compensation or benefit payable pursuant to this Agreement is deferred compensation subject to Section 409A of the Code and that the Executive is a &#x201C;specified employee,&#x201D; within the meaning of Section 409A of the Code, then the payments of such amount or the provisions of such benefits shall not be made until the first business day that is six months following the date of the Executive&#x2019;s termination or, if earlier, the date of the Executive&#x2019;s death.&nbsp;&nbsp;For purposes of applying the provisions of Section 409A of the Code to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment.&nbsp;&nbsp;In addition, to the extent permissible under Section 409A of the Code, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.&nbsp;&nbsp;&nbsp;Any reference to the Executive&#x2019;s &#x201C;termination&#x201D; or &#x201C;termination of employment&#x201D; shall mean the Executive&#x2019;s &#x201C;separation from service&#x201D; as defined by Section 409A of the Code.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 12.</font>
			<a name="_DV_M76"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Golden Parachute Provisions</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, any payments made to the Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance </font><font style="display: inline;font-size:10pt;color:#000000;">with any statute, regulation, order or similar limitation in effect at the time the payments would otherwise be paid, including, without limitation, the requirements of 12 U.S.C. &#xA7;1828(k) and/or 12 C.F.R. Part 359 and the regulations issued thereunder (a &#x201C;Regulatory Limitation&#x201D;).&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">Without limiting the foregoing, any such payments made to the Executive pursuant to this Agreement, or otherwise, shall be subject to </font><font style="display: inline;font-size:10pt;color:#000000;">forfeiture and return to the Employers in the event that the Employers or their successors later obtain information indicating that the Executive has committed, is substantially responsible for, or has violated, the respective acts or omissions, conditions, or offenses outlined under 12 C.F.R. &#xA7;359.4(a)(4). </font><font style="display: inline;font-size:10pt;color:#000000;">If any amount otherwise payable to Executive pursuant to this Agreement is prohibited or limited by any Regulatory Limitation: (i) Bank shall pay the maximum amount that may be paid under the Regulatory Limitation; and (ii) shall use commercially reasonable efforts to obtain the consent of the appropriate agency or body to pay any amounts that cannot be paid due to the application of the Regulatory Limitation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;"></font><font style="display: inline;font-size:10pt;color:#000000;">In the event that any payments pursuant to this Agreement, alone or in combination with any other compensation, are subject to the excise tax described in Section 280G of the Code and the regulations promulgated thereunder, such payments shall be reduced to the maximum amount that may be paid under Section 280G of the Code without being considered an excess parachute payment subject to the excise tax imposed by Section 4999 of the Code.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;color:#000000;">In the event that a reduction of payments is required under this Section 12, all payments that count as parachute payments will be reduced on a pro-rata basis so there would be no change to the time and form of any payment in a manner that is inconsistent with Section 409A of the Code.</font></font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 13.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Clawbacks</font><font style="display: inline;font-size:10pt;color:#000000;">. Any amounts paid to, credited to an account on behalf of, or vested to the Executive in the prior twenty-four months by either Employer under any short-term incentive compensation program, long-term incentive compensation program (including restricted stock awards under the Corporation&#x2019;s 2009 Equity Compensation Plan or similar equity based programs maintained by an Employer) or under any nonqualified deferred compensation plan shall be subject to repayment within thirty (30) days upon the request of either Employer in the event that any such amount is shown to be directly attributable to materially misleading financial statements; provided, however, that in order for this Section 13 to be applicable, the Executive must have knowingly prepared such materially misleading financial statements or knowingly contributed materially misleading data which was then incorporated into such materially misleading financial statements. If an overpayment of incentive compensation results from a restatement of financial statements, Employers&#x2019; Boards of Directors shall have the discretion to consider the overpayment in awarding future incentive compensation without regard to the Executive&#x2019;s role with respect to the financial statements which are restated.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;In the event that a more extensive clawback right is required by law or by regulation of any exchange on which an Employer&#x2019;s stock is traded, this Section 13 shall be deemed to require the minimum clawback</font><font style="display: inline;font-size:10pt;color:#000000;"> necessary to comply with such law or regulation</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">7</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 14.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Amendment of Agreement</font><font style="display: inline;font-size:10pt;color:#000000;">. This Agreement may be amended only by mutual written agreement of the parties.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 15.</font>
			<a name="_DV_M77"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Waiver</font><font style="display: inline;font-size:10pt;color:#000000;">. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be an estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel.&nbsp;&nbsp;No such written waiver shall be deemed a continuing waiver, unless specifically stated therein, and each waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than the act specifically waived.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 16.</font>
			<a name="_DV_M78"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Headings; Severability</font><font style="display: inline;font-size:10pt;color:#000000;">. &nbsp;</font><a name="_DV_M79"></a><font style="display: inline;font-size:10pt;color:#000000;">The headings used in this Agreement are included solely for convenience of reference, are not part of the provisions of this Agreement and will have no force or effect.&nbsp;&nbsp;The invalidity or unenforceability of any provision of this Agreement will not affect the validity or enforceability of any other provision of this Agreement.&nbsp; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 17.</font>
			<a name="_DV_M80"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Governing Law</font><font style="display: inline;font-size:10pt;color:#000000;">. This Agreement will be construed in accordance with, and pursuant to, the laws of the State of Ohio (other than laws governing conflicts of laws), except to the extent that federal law governs.&nbsp; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 18.</font>
			<a name="_DV_M81"></a><a name="_DV_M82"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Survival</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The provisions of Sections 5, 6 and this Section 17 shall survive the termination of this Agreement and the Executive&#x2019;s termination of employment with the </font><font style="display: inline;font-size:10pt;color:#000000;">Employers</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 19.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Counterparts</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M83"></a><a name="_DV_M84"></a><font style="display: inline;font-size:10pt;color:#000000;">[signature page attached]</font>
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		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">8</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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			&nbsp;

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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">IN WITNESS WHEREOF, the parties have executed this Agreement, effective as of the date first set forth above.</font>
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			<font style="display: inline;">&#xFEFF;</font>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">CENTRAL FEDERAL CORPORATION</font></p>
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						<font style="display: inline;font-size:10pt;">By</font><font style="display: inline;font-size:10pt;">:</font><font style="display: inline;"> &nbsp;&nbsp; </font><font style="display: inline;font-size:10pt;text-decoration:underline;">/s/ Robert H. Milbourne</font><font style="display: inline;font-size:10pt;text-decoration:underline;"></font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Name:</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;text-decoration:underline;"> Robert H. Milbourne</font><font style="display: inline;font-size:10pt;text-decoration:underline;"></font></p>
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						<font style="display: inline;font-size:10pt;">Its: </font><font style="display: inline;font-size:10pt;text-decoration:underline;">Director/Compensation Committee Chairman</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">C</font><font style="display: inline;font-weight:bold;font-size:10pt;">FBANK</font></p>
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						<font style="display: inline;font-size:10pt;">By</font><font style="display: inline;font-size:10pt;">:</font><font style="display: inline;"> &nbsp;&nbsp; </font><font style="display: inline;font-size:10pt;text-decoration:underline;">/s/ Robert H. Milbourne</font><font style="display: inline;font-size:10pt;text-decoration:underline;"></font></p>
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						<font style="display: inline;font-size:10pt;">Name:</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;text-decoration:underline;"> Robert H. Milbourne</font><font style="display: inline;font-size:10pt;text-decoration:underline;"></font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Its: </font><font style="display: inline;font-size:10pt;text-decoration:underline;">Director/Compensation Committee Chairman</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">EXECUTIVE</font></p>
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						<font style="display: inline;font-size:10pt;">/s/ Timothy T. O&#x2019;Dell</font><font style="display: inline;font-size:10pt;"></font></p>
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						<font style="display: inline;font-size:10pt;"> &nbsp;Timothy T. O&#x2019;Dell</font></p>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>cfbk-20160816xex10_2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.1.2.6-->
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		<title>
			Exhibit 102 Employment Agreement Helmsdoerfer
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.2</font>

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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;text-transform:uppercase;font-size:10pt;text-decoration:underline;">EMPLOYMENT AGREEMENT</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;text-transform:uppercase;font-size:10pt;text-decoration:underline;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M1"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"><font style="display: inline;font-size:10pt;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;">This Employment Agreement (this &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;) is</font><font style="display: inline;font-size:10pt;"> entered into </font><font style="display: inline;font-size:10pt;">effective the 15</font><font style="display: inline;font-size:10pt;font-size:5pt;vertical-align:super;line-height:100%">th</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">day of </font><font style="display: inline;font-size:10pt;">August</font><font style="display: inline;font-size:10pt;">, 2016 (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Effective Date</font><font style="display: inline;font-size:10pt;">&#x201D;), by and among Central Federal Corporation (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Corporation</font><font style="display: inline;font-size:10pt;">&#x201D;), its wholly-owned subsidiary</font><font style="display: inline;font-size:10pt;">, CF Bank (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Bank</font><font style="display: inline;font-size:10pt;">&#x201D;, collectively with the Corporation referred to as the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Employer</font><font style="display: inline;font-size:10pt;">&#x201D;), and John W. Helmsdoerfer, an individual (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Executive</font><font style="display: inline;font-size:10pt;">&#x201D;).</font></font>
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		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M2"></a><font style="display: inline;font-weight:bold;font-size:10pt;">W I T N E S S E T H</font><font style="display: inline;font-size:10pt;">:</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M3"></a><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;"></font><a name="_DV_M5"></a><font style="display: inline;font-size:10pt;">WHEREAS, the Employers desire to employ the Executive and the Executive desires to be employed by the Employers in accordance with the terms and conditions of this Agreement;</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Employers and the Executive agree as follows:</font></font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> 1.</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<a name="_DV_M7"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Employment and Term</font><font style="display: inline;font-size:10pt;color:#000000;">. The Executive shall serve as the Executive Vice President and Chief Financial Officer of the Bank in accordance with the terms and subject to the conditions of this Agreement from the Effective Date until </font><font style="display: inline;font-size:10pt;color:#000000;">December 31, 2018</font><font style="display: inline;font-size:10pt;color:#000000;"> (the &#x201C;Initial Term&#x201D;).&nbsp;&nbsp;Employers&#x2019; Board of Directors shall review this Agreement annually </font><font style="display: inline;font-size:10pt;color:#000000;">commencing in 2017 </font><font style="display: inline;font-size:10pt;color:#000000;">and determine whether the extension of the Agreement for an additional </font><font style="display: inline;font-size:10pt;color:#000000;">12 month </font><font style="display: inline;font-size:10pt;color:#000000;">period (each a &#x201C;Renewal Term&#x201D;) is appropriate in its sole and exclusive discretion.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">This Agreement shall be extended for a Renewal Term unless t</font><font style="display: inline;font-size:10pt;color:#000000;">he Employers provide </font><font style="display: inline;font-size:10pt;color:#000000;">the Executive with </font><font style="display: inline;font-size:10pt;color:#000000;">written notice of </font><font style="display: inline;font-size:10pt;color:#000000;">non-renewal </font><font style="display: inline;font-size:10pt;color:#000000;">not less than 30 days prior to the end of each calendar year</font><font style="display: inline;font-size:10pt;color:#000000;"> beginning after December 31, 2016</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Initial Term and any Renewal Term are collectively, the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Term</font><font style="display: inline;font-size:10pt;color:#000000;">.&#x201D;</font><a name="_DV_M10"></a></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> 2.</font>
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			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Duties of the Executive</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size:10pt;text-align:justify;text-justify:inter-ideograph;;"> (a)</font>
			<a name="_DV_M11"></a><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">General Duties and Responsibilities</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive shall perform the duties and responsibilities customary for the Executive&#x2019;s position to the best of the Executive&#x2019;s ability and in accordance with the policies established by the Corporation&#x2019;s Board of Directors (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Board</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;) and all applicable laws and regulations.&nbsp;&nbsp;The Executive shall perform such other duties not inconsistent with the Executive&#x2019;s position as may be assigned from time to time by the Board. </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:72pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size:10pt;text-align:justify;text-justify:inter-ideograph;;"> (b)</font>
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Devotion of Time to the Employers&#x2019; Business</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;During the Term, the Executive shall devote the Executive&#x2019;s full business time, ability and attention to the faithful performance of duties under this Agreement, subject to the direction of the Board.&nbsp;&nbsp;The Executive shall not directly or indirectly render any services of a business, commercial or professional nature to any person or organization which competes with the business of the Employers without the prior written consent of the Board; provided, however, that the Executive shall not be precluded from: (i) reasonable participation in community, civic, charitable or similar organizations; (ii) reasonable participation in industry-related activities, including, but not limited to, attending industry trade association (national and state) conventions, conferences and committee meetings and holding positions of responsibility therein; and (iii) the pursuit of personal investments which do not interfere or conflict with the performance of the Executive&#x2019;s duties for the Employers. </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> 3.</font>
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		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<a name="_DV_M12"></a><a name="_DV_M13"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Compensation, Benefits and Reimbursements</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;During the </font><font style="display: inline;font-size:10pt;color:#000000;">Executive&#x2019;s employment by the Employers during the</font><font style="display: inline;font-size:10pt;color:#000000;">Term:</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<a name="_DV_M14"></a><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Salary</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">T</font><font style="display: inline;font-size:10pt;color:#000000;">he Executive shall receive an annual salary in the amount of $210,000, payable in equal installments not less often than monthly.&nbsp;&nbsp;At least annually, the Executive&#x2019;s annual salary shall be reviewed </font><font style="display: inline;font-size:10pt;color:#000000;">based upon the performance of the Executive and the Employers over the previous year </font><font style="display: inline;font-size:10pt;color:#000000;">and may be adjusted by the Board or a committee thereof, determined in its discretion</font><font style="display: inline;font-size:10pt;color:#000000;">, provided that in no event shall the Executive&#x2019;s annual </font>
		</p>
		<p><font size="1"> </font></p></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

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		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt 0pt 12pt 112.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"><font style="display: inline;font-size:10pt;color:#000000;">salary be less than $</font><font style="display: inline;font-size:10pt;color:#000000;">210</font><font style="display: inline;font-size:10pt;color:#000000;">,000 unless the Executive consents to a lower amount</font><font style="display: inline;font-size:10pt;color:#000000;"> (the initial base salary as adjusted, if applicable, the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Base Salary</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;).&nbsp; </font><a name="_DV_M15"></a><a name="_DV_M32"></a><a name="_DV_M33"></a></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Performance Bonus</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">T</font><font style="display: inline;font-size:10pt;color:#000000;">he Executive shall be eligible to receive an annual performance bonus (the &#x201C;Bonus&#x201D;) contingent upon the satisfaction of performance goals established by the Employers, the Board or a committee thereof from time to time.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Employee Benefit Plans</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">T</font><font style="display: inline;font-size:10pt;color:#000000;">he Employers will permit the Executive to participate in all health and life insurance coverages, disability programs, tax-qualified retirement plans, paid holidays, perquisites, and such other benefits of employment as the Employers may provide from time to time to employees of the Employers holding similar positions as the Executive, subject to the terms and conditions of such plans, policies and programs.&nbsp; </font><a name="_DV_M39"></a><font style="display: inline;font-size:10pt;color:#000000;">Notwithstanding any provision contained in this Agreement, the Employers may discontinue or terminate at any time any employee benefit plan, policy or program, now existing or hereafter adopted, to the extent permitted by the terms of such plan, policy or program</font><a name="_DV_M40"></a><font style="display: inline;font-size:10pt;color:#000000;"> and shall not be required to compensate the Executive for such discontinuation or termination.</font><a name="_DV_M41"></a><a name="_DV_M42"></a><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;color:#000000;"></font><a name="_DV_M45"></a><a name="_DV_M47"></a><font style="display: inline;font-size:10pt;color:#000000;">4.</font><font style="display: inline;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Termination of Employment</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:76pt;"><p style="width:76pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<a name="_DV_M48"></a><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Compensation Upon Termination</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;Except to the extent that the Executive is terminated following a Change in Control as described in Section 4(b)</font><font style="display: inline;font-size:10pt;color:#000000;">, dies or becomes Disabled as described in Section 4(c)</font><font style="display: inline;font-size:10pt;color:#000000;">:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (i)</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Upon termination of the Executive&#x2019;s employment during the Term by the Employers without Cause</font><font style="display: inline;font-size:10pt;color:#000000;"> or by the Executive for Good Reason</font><font style="display: inline;font-size:10pt;color:#000000;">, subject to the conditions set forth in Section 5, the Bank shall pay to the Executive (or to the Executive&#x2019;s estate if Executive dies before all severance benefits payable under this Section 4(a)(i) have been paid) </font><font style="display: inline;font-size:10pt;color:#000000;">(A) </font><font style="display: inline;font-size:10pt;color:#000000;">an amount equal to one times the Executive&#x2019;s </font><font style="display: inline;font-size:10pt;color:#000000;">monthly</font><font style="display: inline;font-size:10pt;color:#000000;"> Base Salary as in effect on the date of such termination</font><font style="display: inline;font-size:10pt;color:#000000;"> payable in </font><font style="display: inline;font-size:10pt;color:#000000;">equal monthly installments commencing on the first business day of the second month beginning after the Executive&#x2019;s date of termination (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Severance</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;)</font><font style="display: inline;font-size:10pt;color:#000000;"> and continuing for the remaining Term, but not less than 12 months and not more than 18 months</font><font style="display: inline;font-size:10pt;color:#000000;"> and (B) </font><font style="display: inline;color:#000000;font-size:10pt;">the pro rata portion (calculated based on the ratio of the number of days during such bonus performance period that the Executive was employed to the total number of days in the applicable bonus performance period) of any bonus payable to the Executive under the Employers&#x2019; incentive compensation plan with respect to the year in which Executive&#x2019;s employment is terminated, payable when, if and to the extent such bonus otherwise would have been payable had Executive&#x2019;s employment not been terminated</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (ii)</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">As additional compensation upon termination of Executive&#x2019;s employment during the Term by the Employers without Cause or </font><font style="display: inline;font-size:10pt;color:#000000;">by </font><font style="display: inline;font-size:10pt;color:#000000;">the Executive</font><font style="display: inline;font-size:10pt;color:#000000;"> for Good Reason</font><font style="display: inline;font-size:10pt;color:#000000;">:</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 126pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">(A) the Bank shall pay a lump sum payment equal to the difference between the monthly premium cost for COBRA continuation coverage for the medical insurance benefits in effect for the Executive immediately prior to such termination and the monthly premium cost of such coverage for an active employee of the Employers, multiplied by the lesser of 18 months or the number of months of Severance payments under Section 4(a)(i) above; and</font>
		</p>
		<p style="margin:0pt 0pt 12pt 126pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">(B) </font><font style="display: inline;font-size:10pt;color:#000000;">all stock options </font><font style="display: inline;font-size:10pt;color:#000000;">and other equity awards </font><font style="display: inline;font-size:10pt;color:#000000;">granted by the Corporation to the Executive shall be fully vested and </font><font style="display: inline;font-size:10pt;color:#000000;">all stock options </font><font style="display: inline;font-size:10pt;color:#000000;">shall remain exercisable for the full option exercise period that would have applied had the Executive remained employed. </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">2</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:76pt;"><p style="width:76pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Change of Control Benefit</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;If the Bank has a Change of Control (as defined in Section 409A(a)(2)(A)(v) of the Internal Revenue Code of 1986, as amended (the &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Code</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;)), and the Executive&#x2019;s employment is terminated by the Bank without Cause</font><font style="display: inline;font-size:10pt;color:#000000;">,</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">or by the Executive for Good Reason, </font><font style="display: inline;font-size:10pt;color:#000000;">before the second anniversary of the date of such Change of Control, subject to the conditions set forth in Section 5, the Bank shall pay to the Executive a lump sum cash amount equal to </font><font style="display: inline;font-size:10pt;color:#000000;">1.5</font><font style="display: inline;font-size:10pt;color:#000000;"> times the </font><font style="display: inline;font-size:10pt;color:#000000;">sum of the Executive&#x2019;s Base Salary and the average bonus paid to the Executive over the prior 24 month period</font><font style="display: inline;font-size:10pt;color:#000000;">. Such lump sum shall be paid within sixty (60) days following the Executive&#x2019;s </font><font style="display: inline;font-size:10pt;color:#000000;">termination</font><font style="display: inline;font-size:10pt;color:#000000;">, provided that, if the sixty (60) day window would span two years, the payment will be made in the second year.&nbsp;&nbsp;In addition, all stock options </font><font style="display: inline;font-size:10pt;color:#000000;">and other equity awards </font><font style="display: inline;font-size:10pt;color:#000000;">granted by the </font><font style="display: inline;font-size:10pt;color:#000000;">Corporation</font><font style="display: inline;font-size:10pt;color:#000000;"> to the Executive shall be fully vested as of the date of the Change in Control</font><font style="display: inline;font-size:10pt;color:#000000;"> and </font><font style="display: inline;font-size:10pt;color:#000000;">such stock options </font><font style="display: inline;font-size:10pt;color:#000000;">shall remain exercisable for the full option exercise period that would have applied had the Executive remained employed</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:76pt;"><p style="width:76pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Benefit Upon Death or Disability</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;Upon termination of the Executive&#x2019;s employment during the Term due to the Executive&#x2019;s death or Disability, the Bank shall pay to the Executive</font><font style="display: inline;font-size:10pt;color:#000000;"> or to the Executive</font><font style="display: inline;font-size:10pt;color:#000000;">&#x2019;s estate</font><font style="display: inline;font-size:10pt;color:#000000;">, as applicable,</font><font style="display: inline;font-size:10pt;color:#000000;"> an amount equal to one times the Executive&#x2019;s annual Base Salary as in effect on the date of such termination.&nbsp;&nbsp;Such death or Disability benefit shall be paid in 12 equal monthly installments commencing on the first business day of the second month beginning after the Executive&#x2019;s date of termination due to death or Disability.&nbsp;&nbsp;The payments due under this Section 4(c) shall be offset by any benefit or payment provided by the Employers (or on behalf of the Employers) to any beneficiary of the Executive (including Executive&#x2019;s estate) on account of Executive&#x2019;s death or Disability, regardless of whether such benefit or payment is insured or self-insured.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">In addition, a</font><font style="display: inline;font-size:10pt;color:#000000;">ll stock options granted by the Corporation to the Executive shall be fully vested </font><font style="display: inline;font-size:10pt;color:#000000;">as of the date of termination of Executive&#x2019;s employment due to death or Disability and shall remain exercisable in accordance with the terms of the Executive&#x2019;s applicable option award agreement</font><font style="display: inline;font-size:10pt;color:#000000;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:81pt;"><p style="width:81pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (d)</font>
			</p>
		</td><td style="width:6pt;"><p style="width:6pt;width:6pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">No Right to Severance for Any Other Reason</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;Except as otherwise provided in Section 4(a)</font><font style="display: inline;font-size:10pt;color:#000000;">,</font><font style="display: inline;font-size:10pt;color:#000000;"> (b)</font><font style="display: inline;font-size:10pt;color:#000000;"> or (c)</font><font style="display: inline;font-size:10pt;color:#000000;">, the Executive shall have no right to the payment of Severance upon termination of the Executive&#x2019;s employment by the Employers for Cause, by the Executive for any reason or no reason</font><font style="display: inline;font-size:10pt;color:#000000;"> (other than for Good Reason)</font><font style="display: inline;font-size:10pt;color:#000000;">, as a result of the Executive&#x2019;s death or Disability, or upon expiration of the Term.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:81pt;"><p style="width:81pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (e)</font>
			</p>
		</td><td style="width:6pt;"><p style="width:6pt;width:6pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Definitions</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;For purposes of this Agreement:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (i)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Cause</font><font style="display: inline;font-size:10pt;color:#000000;">:&nbsp;&nbsp;The Employers shall have &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Cause</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; to terminate the Executive&#x2019;s&nbsp;&nbsp;employment upon the occurrence of any of the following events:&nbsp;&nbsp;(i) willful and continued failure to substantially perform assigned duties; (ii) gross misconduct; (iii) a material breach of any written covenant or of any term of this Agreement or any other agreement with either Employer, as determined by the Audit Committee of the Board; (iv) commission of a felony or of a gross misdemeanor involving moral turpitude in connection with the Executive&#x2019;s employment with either Employer or any affiliate, or commission of a crime other than a felony which involves a breach of trust or fiduciary duty, in each case whether or not involving either Employer or any affiliate; (v) fraud, disloyalty, dishonesty or willful violation of any applicable law, rule or regulation of either Employer&#x2019;s or any affiliate&#x2019;s code of conduct or any other policy of either Employer or any affiliate that applies to the Executive, or (vi) issuance of an order for removal of the Executive by any agency which regulates the activities of either Employer or any affiliate.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (ii)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Disability</font><font style="display: inline;font-size:10pt;color:#000000;">:&nbsp;&nbsp;The Executive shall be deemed to be &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Disabled</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; if&nbsp;&nbsp;the Executive suffers from (A) any mental or physical condition with respect to which the Executive qualifies for and receives benefits under a long-term disability plan of </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">3</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt 0pt 12pt 144pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"><font style="display: inline;font-size:10pt;color:#000000;">either Employer or any affiliate, or (B) in the absence of such a long-term disability plan or coverage under such plan, a physical or mental condition which, in the sole discretion of the Board or a committee thereof is reasonably expected to be of indefinite duration and to substantially prevent the Executive from fulfilling the Executive&#x2019;s duties or responsibilities to the Employers. </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:108pt;"><p style="width:108pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (iii)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Good Reason:&nbsp;&nbsp;&#x201C;Good Reason&#x201D; shall mean the termination of Executive&#x2019;s employment by Executive that occurs within ninety (90) days after the initial existence of one or more of the following conditions arising without the consent of Executive:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:168pt;"><p style="width:168pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> a.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">A material decrease in Executive&#x2019;s Base Salary as compared to the Base Salary paid during the prior twelve (12) month period without Cause;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:168pt;"><p style="width:168pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> b.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Employer&#x2019;s relocation of Executive&#x2019;s principle office to a location more than twenty-five (25) miles outside of Columbus, Ohio;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:168pt;"><p style="width:168pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> c.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Material breach of a provisio</font><font style="display: inline;font-size:10pt;color:#000000;">n of this Agreement </font><font style="display: inline;font-size:10pt;color:#000000;">or of the Corporation&#x2019;s incentive compensation plan </font><font style="display: inline;font-size:10pt;color:#000000;">by Employer</font><font style="display: inline;font-size:10pt;color:#000000;">; or </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:168pt;"><p style="width:168pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> d.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Material diminution in Executive&#x2019;s duties and responsibilities. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 144pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">Notwithstanding the foregoing, the Executive shall not have Good Reason to terminate his employment unless he provides</font><font style="display: inline;font-size:10pt;color:#000000;"> written notice to the Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> within sixty (60) days after the initial existence of the applic</font><font style="display: inline;font-size:10pt;color:#000000;">able condition and the Employer</font><font style="display: inline;font-size:10pt;color:#000000;"> fail</font><font style="display: inline;font-size:10pt;color:#000000;">s</font><font style="display: inline;font-size:10pt;color:#000000;"> to cure such condition within 30 days after their receipt of such notice.</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 5.</font>
			<a name="_DV_M49"></a><a name="_DV_M62"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Conditions on Receipt of Severance</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Bank&#x2019;s obligation to pay Severance pursuant to this Agreement is expressly conditioned upon:</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Execution of Release</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive&#x2019;s agreement to release the Employers and all of its affiliates and their respective employees and directors from any and all claims that the Executive may have against the Employers and any affiliate and their respective employees and directors, excluding any claims for non-payment of any accrued but unpaid Base Salary or Severance, up to and including the date the Executive signs a waiver and release of claims (&#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Release</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;) in the form provided by the Bank, which shall include provisions prohibiting the Executive from competing with the Employers or any affiliate as described in and for the duration set forth in Section 6(a) of this Agreement.&nbsp;&nbsp;The Executive acknowledges that the Executive is not entitled to receive, and shall not receive, any payments of Severance pursuant to this Agreement unless and until the Executive provides the Bank with said Release and the Release has become irrevocable, before the first day of the second month commencing after the date of the Executive&#x2019;s termination.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Compliance with Covenants</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive&#x2019;s compliance with the covenants set forth in Section 6 of this Agreement.&nbsp;&nbsp;If the Executive breaches any covenants set forth in Section 6 of this Agreement, the Executive shall forfeit any further right to payments of Severance and, upon receipt of written notice from either Employer requesting the same, shall promptly repay any Severance previously received under this Agreement.&nbsp; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 6.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Covenants</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Non-Solicitation</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;During the </font><a name="_DV_M67"></a><font style="display: inline;font-size:10pt;color:#000000;">Executive&#x2019;s employment by the Employers during the Term of this Agreement and, if applicable, for the Additional </font><font style="display: inline;font-size:10pt;color:#000000;">Nonsolicitation Period (as defined </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">4</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"><font style="display: inline;font-size:10pt;color:#000000;">below)</font><font style="display: inline;font-size:10pt;color:#000000;"> following the termination of the Executive&#x2019;s employment for any reason prior to the end of the Term</font><font style="display: inline;font-size:10pt;color:#000000;">, the Executive shall not, directly or indirectly, for himself or through, on behalf of, or in conjunction with, any person(s) or organization, (i) solicit, contact, call upon, communicate with or attempt to communicate with any Customer of the Employers on behalf of a Competing Business for the purpose of providing products and/or services provided to its Customers of the Employers, as hereinafter defined, and/or (ii) solicit any person who is then an employee of either Employer or who has been an employee of either Employer at any time within the six months of such solicitation for the purpose of inducing such person to become an employee of, consultant to, or contractor for a Competing Business.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">For purposes of this Agreement: (A) &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Competing Business</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; means any person, business, firm, or enterprise located within a 50 mile radius of Executive&#x2019;s primary work location, that is engaged in or is about to become engaged in the banking and/or financial services industry, including but not limited to, financial accounts, loans, credit and debit cards, payroll processing, merchant accounts, investment and brokerage services, financial planning, trust and estate services, retirement planning, and insurance products and services; (B) &#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Customer</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; means each and every person who does business with either Employer during the term of Executive&#x2019;s employment</font><font style="display: inline;font-size:10pt;color:#000000;">; and </font><font style="display: inline;font-size:10pt;color:#000000;">(C) </font><font style="display: inline;font-size:10pt;color:#000000;">&#x201C;</font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Additional </font><font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Nonsolicitation Period</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D; means </font><font style="display: inline;font-size:10pt;color:#000000;">a period following the termination of the Executive&#x2019;s employment with the Employers (prior to the expiration of the Term)</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">which is </font><font style="display: inline;font-size:10pt;color:#000000;">equal to the greater of (</font><font style="display: inline;font-size:10pt;color:#000000;">x</font><font style="display: inline;font-size:10pt;color:#000000;">) one year </font><font style="display: inline;font-size:10pt;color:#000000;">or</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;(</font><font style="display: inline;font-size:10pt;color:#000000;">y</font><font style="display: inline;font-size:10pt;color:#000000;">) the number of months, if any, of Severance payments under Section 4(a)(i) hereof</font><font style="display: inline;font-size:10pt;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">This Section 6(a) of this Agreement is reasonably necessary to protect the interests of the Employers in whose favor such agreements are imposed in light of the nature of the Employers&#x2019; business and the involvement of the Executive in such business and are reasonable and necessary to protect the legitimate business interests of the Employers and they are not greater than are necessary for the protection of the Employers in light of the substantial harm that the Employers will suffer should the Executive breach any of the provisions of said covenants or agreements.</font><a name="_DV_M69"></a>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Confidential Information</font><font style="display: inline;font-size:10pt;color:#000000;">. The Executive acknowledges that during the Executive&#x2019;s employment he shall learn and shall have access to confidential information regarding the Employers and their customers and business.&nbsp;&nbsp;The Executive agrees and covenants not to disclose or use for the Executive&#x2019;s own benefit or the benefit of any other person or entity any confidential information, unless or until the Employers consent to such disclosure or use or such information becomes common knowledge in the industry or is otherwise legally in the public domain. The Executive shall not knowingly disclose or reveal to any unauthorized person any confidential information relating to the Employers, its subsidiaries or affiliates, or to any of the businesses operated by them, and the Executive confirms that such information constitutes the exclusive property of the Employers. The Executive shall not otherwise knowingly act or conduct himself (i) to the material detriment of the Employers or their affiliates or (ii) in a manner which is inimical or contrary to the interests of the Employers.&nbsp;&nbsp;Notwithstanding anything to the contrary contained in this Agreement, this Section 6(b) shall remain in effect following the termination of this Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">Notwithstanding anything to the contrary in the foregoing, Executive shall not be in violation of this obligation of confidentiality if Executive is compelled to disclose confidential information of the Employers by a valid court order or other governmental order; provided, however, that the Executive shall, if reasonably practicable, first notify the Employers prior to disclosing such confidential information so as to allow the Employers to seek legal protection against the disclosure of the confidential information.</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Non-Disparagement</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive agrees that the Executive shall not make any public statements which disparage the Employers or any of their affiliates or any of their </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">5</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt 0pt 12pt 108pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"><font style="display: inline;font-size:10pt;color:#000000;">respective directors, officers or employees.&nbsp;&nbsp;Nothing in the foregoing is intended to prohibit the Executive from making truthful statements required by order of a court, governmental body or regulatory body having appropriate jurisdiction.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (d)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Return of Property</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The Executive agrees that, upon the Executive&#x2019;s termination of employment, the Executive shall promptly return to the Employers any confidential documents or material or any other property belonging to the Employers, including keys, credits cards, and passes, and the Executive shall also return all writings, files, records, correspondence, notebooks, notes and other documents and things (including any copies thereof) containing confidential information or relating to the business or proposed business of the Employers or any affiliate, except any personal diaries, calendars, rolodexes or personal notes or correspondence.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (e)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;text-decoration:underline;color:#000000;">Cooperation</font><font style="display: inline;font-size:10pt;color:#000000;">.</font><a name="_DV_M64"></a><a name="_DV_M65"></a><font style="display: inline;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 3pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;color:#000000;"></font><a name="_DV_M68"></a><font style="display: inline;font-size:10pt;color:#000000;">The Executive agrees that the Executive shall be reasonably available to testify truthfully on behalf of the Employers or any affiliate in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, and to assist the Employers or any affiliate in all reasonable respects in any such action, suit or proceeding, by providing information and meeting and consulting with the Board, or their representatives or counsel, or representatives or counsel of the Employers or any affiliate, as requested; provided, however, that the same does not materially interfere with the Executive&#x2019;s then-current professional activities, and provided that the Executive is reimbursed for any reasonable costs and expenses associated with such cooperation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;color:#000000;">A breach by the Executive or the Employers of any of the terms or conditions of this Agreement and, in particular, this Section 6, will result in irreparable harm to the Employers or the Executive and the remedies at law for such breach may not adequately compensate the Employers or the Executive for damages suffered.&nbsp;&nbsp;In the event of such breach, the Executive or the Employers shall be entitled to seek injunctive relief or such other equitable remedy as a court of competent jurisdiction may provide.&nbsp;&nbsp;If all or a portion of any of the restrictions and agreements of the Executive or the Employers contained in this Agreement, including, but not limited to this Section 6, are held to be unreasonable or unenforceable by a court of competent jurisdiction in a final order to which the Executive or the Employers is a party, the Executive and the Employers shall be bound by any lesser agreement or restriction subsumed within the terms of the invalidated provision to the maximum extent permitted by law as if the resulting covenants were originally and separately stated in this Agreement.&nbsp;&nbsp;In the event that a court issues any such injunctive relief, the Executive and the Employers shall not be required to post any surety bond or other security for the injunctive relief to take effect.&nbsp;&nbsp;Nothing contained herein will be construed to limit the rights of the Executive or the Employers to any remedies at law, including the recovery of damages and attorneys&#x2019; fees for breach of this Agreement.</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 7.</font>
			<a name="_DV_M70"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Nonassignability</font><font style="display: inline;font-size:10pt;color:#000000;">. Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive, the Executive&#x2019;s beneficiaries or legal representatives without the Employers&#x2019; prior written consent; provided, however, that nothing in this Section 7 shall preclude the Executive from designating a beneficiary to receive any benefits payable hereunder upon the Executive&#x2019;s death.</font><a name="_DV_M71"></a></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 8.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">No Attachment</font><font style="display: inline;font-size:10pt;color:#000000;">. Except as required by law, no right to receive payment under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation or to execution, attachment, levy or similar process of assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.</font><a name="_DV_M72"></a></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 28pt 0pt 0pt;"> 9.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Binding Agreement</font><font style="display: inline;font-size:10pt;color:#000000;">. This Agreement shall be binding upon, and inure to the benefit of, the Executive and the Employers and their respective permitted successors and assigns.</font><a name="_DV_M73"></a><a name="_DV_M74"></a><a name="_DV_M75"></a><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;For purposes of clarity, this Agreement shall continue following a Change of Control unless the Executive and the Employers (or their successor/assign) agree otherwise.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 10.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Taxes</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, all payments and benefits required to be made or provided by the Employers to the Executive shall be subject to withholding of such amounts relating to taxes as the Employers may reasonably determine that it should withhold pursuant to any applicable law or regulation.</font></p></td></tr></table></div>
		<p><font size="1"> </font></p><div style="width:100%">

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			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">6</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 24pt 0pt 0pt;"> 11.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Section 409A of the Code</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The compensation and benefits payable pursuant to this Agreement are intended to comply with or be exempt from the requirements of Section 409A of the Code, to the extent applicable, and, to the maximum extent permitted by law, shall be interpreted in a manner that results in its continued compliance with or exemption from the requirements of that section.&nbsp;&nbsp;In the event it is determined that any compensation or benefit payable pursuant to this Agreement is deferred compensation subject to Section 409A of the Code and that the Executive is a &#x201C;specified employee,&#x201D; within the meaning of Section 409A of the Code, then the payments of such amount or the provisions of such benefits shall not be made until the first business day that is six months following the date of the Executive&#x2019;s termination or, if earlier, the date of the Executive&#x2019;s death.&nbsp;&nbsp;For purposes of applying the provisions of Section 409A of the Code to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment.&nbsp;&nbsp;In addition, to the extent permissible under Section 409A of the Code, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.&nbsp;&nbsp;&nbsp;Any reference to the Executive&#x2019;s &#x201C;termination&#x201D; or &#x201C;termination of employment&#x201D; shall mean the Executive&#x2019;s &#x201C;separation from service&#x201D; as defined by Section 409A of the Code.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 12.</font>
			<a name="_DV_M76"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Golden Parachute Provisions</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, any payments made to the Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with any statute, regulation, order or similar limitation in effect at the time the payments would otherwise be paid, including, without limitation, the requirements of 12 U.S.C. &#xA7;1828(k) and/or 12 C.F.R. Part 359 and the regulations issued thereunder (a &#x201C;Regulatory Limitation&#x201D;).&nbsp;&nbsp;Without limiting the foregoing, any such payments made to the Executive pursuant to this Agreement, or otherwise, shall be subject to forfeiture and return to the Employers in the event that the Employers or their successors later obtain information indicating that the Executive has committed, is substantially responsible for, or has violated, the respective acts or omissions, conditions, or offenses outlined under 12 C.F.R. &#xA7;359.4(a)(4). If any amount otherwise payable to Executive pursuant to this Agreement is prohibited or limited by any Regulatory Limitation: (i) Bank shall pay the maximum amount that may be paid under the Regulatory Limitation; and (ii) shall use commercially reasonable efforts to obtain the consent of the appropriate agency or body to pay any amounts that cannot be paid due to the application of the Regulatory Limitation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;"></font><font style="display: inline;font-size:10pt;color:#000000;">In the event that any payments pursuant to this Agreement, alone or in combination with any other compensation, are subject to the excise tax described in Section 280G of the Code and the regulations promulgated thereunder, such payments shall be reduced to the maximum amount that may be paid under Section 280G of the Code without being considered an excess parachute payment subject to the excise tax imposed by Section 4999 of the Code.</font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-size:10pt;color:#000000;">In the event that a reduction of payments is required under this Section 12, all payments that count as parachute payments will be reduced on a pro-rata basis so there would be no change to the time and form of any payment in a manner that is inconsistent with Section 409A of the Code.</font></font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 13.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Clawbacks</font><font style="display: inline;font-size:10pt;color:#000000;">. Any amounts paid to, credited to an account on behalf of, or vested to the Executive in the prior twenty-four months by either Employer under any short-term incentive compensation program, long-term incentive compensation program (including restricted stock awards under the Corporation&#x2019;s 2009 Equity Compensation Plan or similar equity based programs maintained by an Employer) or under any nonqualified deferred compensation plan shall be subject to repayment within thirty (30) days upon the request of either Employer in the event that any such amount is shown to be directly attributable to materially misleading financial statements; provided, however, that in order for this Section 13 to be applicable, the Executive must have knowingly prepared such materially misleading financial statements or knowingly contributed materially misleading data which was then incorporated into such materially misleading financial statements. If an overpayment of incentive compensation results from a restatement of financial statements, Employers&#x2019; Boards of Directors shall have the discretion to consider the overpayment in awarding future incentive compensation without regard to the Executive&#x2019;s role with respect to the financial statements which are restated.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;In the event that a more extensive clawback right is required by law or by regulation of any exchange on which an Employer&#x2019;s stock is traded, this Section 13 shall be deemed to require the minimum clawback necessary to comply with such law or regulation.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 14.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Amendment of Agreement</font><font style="display: inline;font-size:10pt;color:#000000;">. This Agreement may be amended only by mutual written agreement of the parties.</font></p></td></tr></table></div>
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			<font style="display: inline;font-size:11pt;">-</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">7</font><font style="display: inline;font-size:11pt;"></font><font style="display: inline;font-size:11pt;">-</font>

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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 15.</font>
			<a name="_DV_M77"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Waiver</font><font style="display: inline;font-size:10pt;color:#000000;">. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be an estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel.&nbsp;&nbsp;No such written waiver shall be deemed a continuing waiver, unless specifically stated therein, and each waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than the act specifically waived.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 16.</font>
			<a name="_DV_M78"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Headings; Severability</font><font style="display: inline;font-size:10pt;color:#000000;">. &nbsp;</font><a name="_DV_M79"></a><font style="display: inline;font-size:10pt;color:#000000;">The headings used in this Agreement are included solely for convenience of reference, are not part of the provisions of this Agreement and will have no force or effect.&nbsp;&nbsp;The invalidity or unenforceability of any provision of this Agreement will not affect the validity or enforceability of any other provision of this Agreement.&nbsp; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 17.</font>
			<a name="_DV_M80"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Governing Law</font><font style="display: inline;font-size:10pt;color:#000000;">. This Agreement will be construed in accordance with, and pursuant to, the laws of the State of Ohio (other than laws governing conflicts of laws), except to the extent that federal law governs.&nbsp; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 18.</font>
			<a name="_DV_M81"></a><a name="_DV_M82"></a><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Survival</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;The provisions of Sections 5, 6 and this Section 17 shall survive the termination of this Agreement and the Executive&#x2019;s termination of employment with the Employers.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;;padding:0pt 23pt 0pt 0pt;"> 19.</font>
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Counterparts</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp;&nbsp;This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<a name="_DV_M83"></a><a name="_DV_M84"></a><font style="display: inline;font-size:10pt;color:#000000;">[signature page attached]</font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font><a name="_DV_M85"></a>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">CENTRAL FEDERAL CORPORATION</font></p>
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						<font style="display: inline;font-size:10pt;">By:&nbsp; </font><font style="display: inline;font-size:10pt;"> &nbsp; </font><font style="display: inline;font-size:10pt;text-decoration:underline;">/s/ Robert H. Milbourne</font><font style="display: inline;font-size:10pt;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;text-decoration:underline;"></font><font style="display: inline;font-size:10pt;"></font></p>
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						<font style="display: inline;font-size:10pt;">Name</font><font style="display: inline;font-size:10pt;">:&nbsp;&nbsp; </font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Robert H. Milbourne</font><font style="display: inline;font-size:10pt;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;text-decoration:underline;"></font><font style="display: inline;font-size:10pt;"></font></p>
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						<font style="display: inline;font-size:10pt;">Its: </font><font style="display: inline;font-size:10pt;text-decoration:underline;">Director/Compensation Committee Chairman</font></p>
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						<font style="display: inline;font-size:10pt;">By:&nbsp; </font><font style="display: inline;font-size:10pt;"> &nbsp; </font><font style="display: inline;font-size:10pt;text-decoration:underline;">/s/ Robert H. Milbourne</font><font style="display: inline;font-size:10pt;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;text-decoration:underline;"></font><font style="display: inline;font-size:10pt;"></font></p>
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						<font style="display: inline;font-size:10pt;">Name</font><font style="display: inline;font-size:10pt;">:&nbsp;&nbsp; </font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">Robert H. Milbourne</font><font style="display: inline;font-size:10pt;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;text-decoration:underline;"></font><font style="display: inline;font-size:10pt;"></font></p>
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						<font style="display: inline;font-size:10pt;">Its: </font><font style="display: inline;font-size:10pt;text-decoration:underline;">Director/Compensation Committee Chairman</font></p>
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						<font style="display: inline;font-size:10pt;">/s/ John W. Helmsdoerfer</font><font style="display: inline;font-size:10pt;"></font></p>
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						<font style="display: inline;font-size:10pt;"> &nbsp;John W. Helmsdoerfer</font></p>
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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>cfbk-20160816xex10_3.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.1.2.6-->
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		<title>
			Exhibit 103 Incentive Compensation Plan
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	<body><div style="margin-left:90pt;margin-right:90pt;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.3</font>

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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:10pt;">CENTRAL FEDERAL CORPORATION</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">INCENTIVE COMPENSATION PLAN</font>
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			<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;font-size:10pt;;"> I.</font>
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			<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">PLAN OBJECTIVES</font></p></td></tr></table></div>
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			<font style="display: inline;font-size:10pt;color:#000000;">The purposes of this Plan are to: (a) attract and retain skilled employees; (b) increase organizational and employee performance; (c) promote employee retention; and (d) allow personnel costs to vary along with revenues all while appropriately balancing risk and financial rewards.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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			<font style="display: inline;font-size:10pt;color:#000000;">Incentive compensation arrangements can be useful in the successful management of </font><font style="display: inline;font-size:10pt;color:#000000;">financial</font><font style="display: inline;font-size:10pt;color:#000000;"> organizations.&nbsp;&nbsp;However, compensation arrangements can provide employees with incentives to take imprudent risks that are not consistent with the long-term health of the organization.&nbsp;&nbsp;Therefore, Awards granted under the Plan are based on the achievement of performance objectives established annually by the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
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			<font style="display: inline;font-size:10pt;color:#000000;">When establishing the terms and conditions of Awards, the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">generally will take into account the following principles identified within the Interagency Guidance on Sound Incentive Compensation Policies, in an effort to mitigate imprudent risks and seek long-term health of the organization by granting Awards that:</font>
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			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">provide employees with incentives that appropriately balance risk and reward;</font></p></td></tr></table></div>
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			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
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			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">are compatible with effective controls and risk management; and</font></p></td></tr></table></div>
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			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">are supported by strong corporate governance, including active and effective oversight by the Board.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> II.</font>
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		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">GRANTING AWARDS</font></p></td></tr></table></div>
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			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
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			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Selection of Participants.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">For each Performance Period, the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">shall approve those key employees and officers of the Company who have been selected to be Participants for that Performance Period.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Selection of Performance Objectives.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;For each Performance Period, the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">shall approve or establish:</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (i)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Performance objectives based on the Performance Criteria described in Section IX of the Plan that will be used to determine the amount payable with respect to Awards, based on recommendations provided by the Company; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 108pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (ii)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">The requisite level of achievement (which may include &#x201C;threshold,&#x201D; &#x201C;target&#x201D; and &#x201C;maximum&#x201D; levels) of such performance objectives;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (iii)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">The method for determining the amount payable based on the achievement of the performance objectives; and</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (iv)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:10pt;color:#000000;">Any other terms and conditions of the Award, including, without limitation, a requirement that some portion of the Award be payable in the form of equity or that payment be deferred.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">Different Performance Criteria may be applied to individual Participants or to groups of Participants and, as specified by the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">, may relate to the individual Participant, the Company, one or more Affiliates, or one or more of their respective divisions or business units, or any combination of the foregoing, and may be applied on an absolute basis and/or be relative to one or more peer group companies or indices, or any combination thereof, as determined by the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">in its sole discretion.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;">Page </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">1</font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"> of </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.3</font>

		</p>

</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Timing.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;The </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">shall establish the performance objectives, the level of achievement and the method for determining the amount payable with respect to Awards before the outcome of such performance objectives is substantially certain for such Performance Period and as soon as reasonably practicable.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (d)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Newly Eligible Participants.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;The eligibility of an employee who becomes a Participant during a Performance Period to receive an Award under this Plan for such Performance Period shall be determined by the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">in its sole discretion.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (e)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Modifying Performance Objectives.&nbsp; </font><font style="display: inline;color:#000000;font-size:10pt;">Performance objectives relating to such Awards may be calculated without regard to extraordinary items or may be adjusted, as the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">deems equitable, in recognition of unusual or non-recurring events affecting the Company (or its Affiliates) or changes in applicable tax laws or accounting principles.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> III.</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">PAYMENT OF AWARDS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Determination of Amount Payable.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">For each Performance Period, the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">shall determine the extent to which the performance objectives and other terms and conditions applicable to an Award have been achiev</font><font style="display: inline;font-size:10pt;color:#000000;">ed, if at all, and </font><font style="display: inline;font-size:10pt;color:#000000;">based on this determination, shall certify the amount </font><font style="display: inline;font-size:10pt;color:#000000;">&#x201C;earned</font><font style="display: inline;font-size:10pt;color:#000000;">,</font><font style="display: inline;font-size:10pt;color:#000000;">&#x201D;</font><font style="display: inline;font-size:10pt;color:#000000;"> if any, with respect to each Award.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Eligibility for Payment.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;Except as otherwise determined by the Committee, in order to receive payment with respect to an Award, the Participant must:</font><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Arial;color:#000000;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Arial;color:#000000;font-size:10pt;;"> (i)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Arial;color:#000000;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;color:#000000;">Have achieved a satisfactory performance level; and </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Arial;color:#000000;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 20.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Arial;color:#000000;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Arial;color:#000000;font-size:10pt;;"> (ii)</font>
			</p>
		</td><td style="width:16pt;"><p style="width:16pt;width:16pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Arial;color:#000000;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;color:#000000;">Except as otherwise provided herein, remain an active employee of the Company or an Affiliate on the date that payment is made.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Arial;color:#000000;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Timing of Payment.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;Unless the Participant has forfeited an Award pursuant to Sections </font><font style="display: inline;font-size:10pt;color:#000000;">IV</font><font style="display: inline;font-size:10pt;color:#000000;">(b) or </font><font style="display: inline;font-size:10pt;color:#000000;">VII of the Plan or the Board</font><font style="display: inline;font-size:10pt;color:#000000;"> or Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;"> has exercised its discretion to reduce an earned Award pursuant to Section III(e) of the Plan</font><font style="display: inline;font-size:10pt;color:#000000;">, &nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">the</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">entire </font><font style="display: inline;font-size:10pt;color:#000000;">earned Award shall be paid within two and one-half months following the end of the relevant Performance Period.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (d)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Effect of Death, Disability or Retirement.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">Except as otherwise determined by the </font><font style="display: inline;font-size:10pt;color:#000000;">Board</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">or Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">at the time an Award is granted or thereafter, if a Participant dies, becomes Disabled or Retires prior to the date on which an Award is paid, the Participant shall remain eligible for payment with respect to that Award; however, the amount payable with respect to such Award shall be prorated based on the ratio of the number of whole months elapsed during the Performance Period prior to the Participant&#x2019;s death, Disability or Retirement to the number of whole months in the Performance Period.</font><font style="display: inline;font-size:10pt;color:#000000;"> &nbsp;Any </font><font style="display: inline;font-size:10pt;color:#000000;">payment due under this Section III(d) of the Plan in connection with a Participant&#x2019;s death or Disability shall be paid within 30 days after the later of (i) the date of the Participant&#x2019;s death or Disability, or (ii) the date the first payment under Section III(c)(i) would otherwise have been payable in connection with an Award had the Participant been employed on that date.&nbsp;&nbsp;Any payment due under this Section III(d) of the Plan in connection with the Participant&#x2019;s Retirement shall be paid at the time otherwise provided under Section III(c). </font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;">Page </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"> of </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.3</font>

		</p>

</div>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (e)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Negative Discretion.</font><font style="display: inline;color:#000000;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">T</font><font style="display: inline;color:#000000;font-size:10pt;">he amount actually payable</font><font style="display: inline;color:#000000;font-size:10pt;"> with respect to an Award to a Participant may be less than the amount otherwise payable based on the satisfaction of the performance objectives and other terms and conditions of such Award</font><font style="display: inline;color:#000000;font-size:10pt;"> if the Board or Compensation Committee, in its sole discretion, determines that payment of the full amount would not be consistent with the intent and purposes of the Plan and Award</font><font style="display: inline;color:#000000;font-size:10pt;"> or would otherwise</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">violate </font><font style="display: inline;font-size:10pt;color:#000000;">law or regulation of any exchange on which an </font><font style="display: inline;font-size:10pt;color:#000000;">Company</font><font style="display: inline;font-size:10pt;color:#000000;">&#x2019;s stock is traded</font><font style="display: inline;color:#000000;font-size:10pt;">.</font><font style="display: inline;color:#000000;font-size:10pt;"> &nbsp; &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> IV.</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">CONTROLS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Limitations on Payment.&nbsp; </font><font style="display: inline;color:#000000;font-size:10pt;">Payments to Participants will be made following an external review and validation of the organization&#x2019;s financials for the incentive period or any other factors that would impact the financial condition of the organization. </font><font style="display: inline;font-size:10pt;color:#000000;">No amount will be payable under the Plan if payment with respect to Awards would jeopardize the safety and soundness of the Company or any Affiliate.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Forfeiture of Awards.</font><font style="display: inline;font-size:10pt;color:#000000;"> Participants who, in the sole judgment of the </font><font style="display: inline;font-size:10pt;color:#000000;">Board</font><font style="display: inline;font-size:10pt;color:#000000;"> or Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">, have willfully engaged in any activity, injurious to the Company or any Affiliate, including the inappropriate manipulation of performance or financial results, will forfeit any Award earned during the Performance Period in which the termination occurred.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> V.</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">ADMINISTRATION</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">The Plan shall be administered by the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;color:#000000;font-size:10pt;">, which has full power and authority, to the extent not inconsistent with this Plan, to: (a) approve </font><font style="display: inline;font-size:10pt;color:#000000;">Participants;&nbsp;(b) establish performance objectives, the amount payable and any other terms and conditions with respect to Awards; (c) make any other determinations that the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">deems necessary or desirable for the administration of the Plan; and (d) to delegate its administrative duties to one or more persons. The </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">may correct any defect, supply any omission or reconcile any inconsistency in the Plan in the manner and to the extent the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">deems necessary or desirable.&nbsp;&nbsp;Any decision of the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">in the interpretation and administration of the Plan shall be made in the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">&#x2019;s </font><font style="display: inline;font-size:10pt;color:#000000;">sole discretion and shall be final, conclusive and binding on all persons.&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">The </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">(and any delegate) shall be indemnified and saved harmless by the Company from and against all personal liability to which it may be subject by reason of any act done or omitted to be done in its official capacity as administrator of the Plan acting in good faith, including all expenses reasonably incurred in its defense in the event the Company fails to provide such defense upon the request of the</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size:10pt;;"> VI.</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">AMENDMENT AND TERMINATION</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">The Plan may be terminated or amended by the Board </font><font style="display: inline;font-size:10pt;color:#000000;">or Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">without the consent of any Participant</font><font style="display: inline;font-size:10pt;color:#000000;">; provided, however, that any such termination or amendment shall not adversely affect any existing Award except with the consent of </font><font style="display: inline;font-size:10pt;color:#000000;">the affected </font><font style="display: inline;font-size:10pt;color:#000000;">Participant</font><font style="display: inline;font-size:10pt;color:#000000;">.</font><font style="display: inline;font-size:10pt;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">The Board </font><font style="display: inline;font-size:10pt;color:#000000;">or Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">in its sole discretion, may adjust, modify or cancel payments with respect to Awards to reflect results from regulatory or safety and soundness issues. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;font-size:10pt;;"> VII.</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">RECOUPMENT OF INCENTIVE COM</font><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">P</font><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">ENSATION</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">In the event the Company or an Affiliate is required to prepare an accounting restatement </font><font style="display: inline;font-size:10pt;color:#000000;">to be filed </font><font style="display: inline;font-size:10pt;color:#000000;">with the Securities Exchange Commission due to error, omission or fraud (as determined by the members of the Board who are considered &#x201C;independent&#x201D; for purposes of the listing standards of the NASDAQ</font><font style="display: inline;font-size:10pt;color:#000000;"> Stock Market</font><font style="display: inline;font-size:10pt;color:#000000;">), a Participant who is an executive officer of the Company as defined under the Securities Exchange Act of </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;">Page </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">3</font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"> of </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.3</font>

		</p>

</div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;">1934, as amended, or such other senior executives as may be determined by the </font><font style="display: inline;font-size:10pt;">Compensation Committee</font><font style="display: inline;font-size:10pt;">, may be required to reimburse the Company for all or part of any Award paid to such Participant during the three year period preceding the restatement equal to the amount that </font><font style="display: inline;font-size:10pt;">the </font><font style="display: inline;font-size:10pt;">payments </font><font style="display: inline;font-size:10pt;">actually </font><font style="display: inline;font-size:10pt;">received </font><font style="display: inline;font-size:10pt;">by the Participant </font><font style="display: inline;font-size:10pt;">exceeded the amount that would have been </font><font style="display: inline;font-size:10pt;">received by the Participant </font><font style="display: inline;font-size:10pt;">based on the restated financial results</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> VIII.</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">MISCELLANEOUS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">No Guarantee of Employment.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">This Plan is not an employment policy or contract.&nbsp;&nbsp;It does not give any Participant the right to remain an employee of the Company or an Affiliate, nor does it interfere with the Company&#x2019;s or an Affiliate&#x2019;s right to terminate the Participant, with or without case, which right is expressly reserved.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Non-Transferability.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">The rights of Participants under this Plan cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Applicable Law.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">The Plan and all rights hereunder shall be governed by the laws of the State of </font><font style="display: inline;font-size:10pt;color:#000000;">Ohio</font><font style="display: inline;font-size:10pt;color:#000000;">, without regard to any conflicts of laws principles, except to the extent preempted by the laws of the United States of America.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (d)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Entire Plan.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">This Plan (including any written or electronic communication to a Participant setting forth the terms and conditions of an Award for a Plan Year) constitutes the entire agreement between the Company and the Participant as to the subject matter hereof.&nbsp;&nbsp;No rights are granted to the Participant by virtue of this Plan other than those specifically set forth herein.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 67.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (e)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Tax Withholding.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">The Company or an Affiliate, as applicable, shall have the power and the right to deduct, withhold or collect any amount required by law or regulation to be withheld with respect to any taxable event arising with respect to an Award granted under the Plan.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> (f)</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Section 409A of the Code.&nbsp; </font><font style="display: inline;font-size:10pt;color:#000000;">Awards granted pursuant to the Plan that are subject to Section 409A of the Code, or that are subject to Section 409A of the Code but for which an exception from Section 409A of the Code applies, are intended to comply with or be exempt from Section 409A of the Code and the Treasury Regulations promulgated thereunder, and the Plan shall be interpreted, administered and operated accordingly.&nbsp;&nbsp;If a Participant is determined to be a &#x201C;specified employee&#x201D; (within the meaning of Section 409A of the Code and as determined under the Company&#x2019;s policy for determining specified employees), the Participant shall not be entitled to payment or to distribution of any portion of an Award that is subject to Section 409A of the Code (and for which no exception applies) and is payable or distributable on account of the Participant&#x2019;s &#x201C;separation from service&#x201D; (within the meaning of Section 409A of the Code) until the expiration of six (6) months from the date of such separation from service (or, if earlier, the Participant&#x2019;s death).&nbsp;&nbsp;Such Award, or portion thereof, shall be paid or distributed on the first (1st) business day of the seventh (7th) month following such separation from service.&nbsp;&nbsp;Nothing in the Plan shall be construed as an entitlement to or guarantee of any particular tax treatment to a </font><font style="display: inline;font-size:10pt;color:#000000;">Participant</font><font style="display: inline;font-size:10pt;color:#000000;"> and none of the Company, its Affiliates, </font><font style="display: inline;font-size:10pt;color:#000000;">or members of </font><font style="display: inline;font-size:10pt;color:#000000;">the Board </font><font style="display: inline;font-size:10pt;color:#000000;">or Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">shall have any liability with respect to any failure to comply with the requirements of Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;">Page </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">4</font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"> of </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.3</font>

		</p>

</div>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;border-top:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> IX.</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">DEFINITIONS</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (a)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Affiliate </font><font style="display: inline;font-size:10pt;color:#000000;">means any entity that, along with the Company, would be treated as a single employer for purposes of Sections 414(b) or 414(c) of the Code, but as modified under any Code section relevant to the purpose for which the definition is applied.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (b)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Award </font><font style="display: inline;font-size:10pt;color:#000000;">means the right to a payment of compensation pursuant to this Plan based on the achievement of performance objectives established by the Compensation Committee pursuant to this Plan.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (c)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Board</font><font style="display: inline;font-size:10pt;color:#000000;"> means the Company&#x2019;s board of directors as constituted from time to time.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (d)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Code </font><font style="display: inline;font-size:10pt;color:#000000;">means the Internal Revenue Code of 1986, as amended.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (e)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Company </font><font style="display: inline;font-size:10pt;color:#000000;">means Central Federal Corporation and any successor.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (f)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Compensation Committee </font><font style="display: inline;font-size:10pt;color:#000000;">means the compensation committee of the Board.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (g)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Disability </font><font style="display: inline;font-size:10pt;color:#000000;">or </font><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Disabled </font><font style="display: inline;font-size:10pt;color:#000000;">means a Participant&#x2019;s eligibility for benefits under the Company&#x2019;s long-term disability plan, or in the absence of any such plan Disability shall mean a physical or mental condition which, in the sole discretion of the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">, is reasonably expected to be of indefinite duration and to substantially prevent the Participant from fulfilling his duties or responsibilities to the Company or an Affiliate.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (h)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Participant </font><font style="display: inline;font-size:10pt;color:#000000;">means, with respect to each Performance Period, each employee approved for participation by the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (i)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Performance Criteria </font><font style="display: inline;font-size:10pt;color:#000000;">means: (</font><font style="display: inline;color:#000000;font-size:10pt;">a) earnings or earnings per share (whether on a pre-tax, after-tax, operational or other basis); (b) return on equity; (c) return on assets; (d) revenues; (e) expenses or expense levels; (f) one or more </font><font style="display: inline;color:#000000;font-size:10pt;">capital or </font><font style="display: inline;color:#000000;font-size:10pt;">operating ratios; (g) stock price; (h) stockholder return; (i) market share; (j) cash flow; (k) capital expenditures; (l) net b</font><font style="display: inline;color:#000000;font-size:10pt;">orrowing, debt, leverage levels</font><font style="display: inline;color:#000000;font-size:10pt;"> or debt ratings; (m) strategic objectives (including, mergers, acquisitions, dispositions, public offerings or similar extraordinary business transactions); (n) net asset value per share, (o) </font><font style="display: inline;color:#000000;font-size:10pt;">growth in deposits or assets; (p) asset or credit quality; (q) economic value added; (r</font><font style="display: inline;color:#000000;font-size:10pt;">) regulatory compliance; or (</font><font style="display: inline;color:#000000;font-size:10pt;">s</font><font style="display: inline;color:#000000;font-size:10pt;">) such other measures as the </font><font style="display: inline;font-size:10pt;color:#000000;">Board</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">may select from time to time.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (j)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Performance Period </font><font style="display: inline;font-size:10pt;color:#000000;">means, unless a different period is established by the </font><font style="display: inline;font-size:10pt;color:#000000;">Compensation Committee</font><font style="display: inline;font-size:10pt;color:#000000;">, each 12 month period beginning January 1.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (k)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Plan </font><font style="display: inline;font-size:10pt;color:#000000;">means this Central Federal Corporation Incentive Compensation Plan, as it may be amended from time to time.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 21.00pt; display: inline;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-weight:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:10pt;;"> (l)</font>
			</p>
		</td><td style="width:15pt;"><p style="width:15pt;width:15pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Retirement </font><font style="display: inline;font-size:10pt;color:#000000;">or </font><font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">Retires</font><font style="display: inline;font-size:10pt;color:#000000;"> means a Participant&#x2019;s termination from employment in accordance with the official retirement policies of the Company.</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;">Page </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"> of </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.3</font>

		</p>

</div>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;font-size:10pt;;"> X.</font>
			</p>
		</td><td style="width:19pt;"><p style="width:19pt;width:19pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">ETHICS AND INTERPRETATION</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;color:#000000;">If there is any ambiguity as to the meaning of any terms or provisions of this Plan or any questions as to the correct interpretation of any information contained herein, the interpretation expressed by the Board will be final, binding and conclusive on all parties.</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;color:#000000;">The altering, inflating, or inappropriate manipulation of performance or financial results or any other infraction of recognized ethical business standards, will subject the employee to disciplinary action up to and including termination of employment.&nbsp;&nbsp;In addition, any incentive compensation as provided by the Plan to which the employee would otherwise be entitled will be revoked.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;color:#000000;">Participants who have willfully engaged in any activity injurious to the Company or an Affiliate will, upon termination of employment, death, or retirement, forfeit any incentive award earned during the award period in which the termination occurred.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

			<font style="display: inline;font-size:10pt;">Page </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"> of </font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

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