Amendment No. 1 to Astoria Financial Corporation Death Benefit Plan for Outside Directors (Effective January 1, 2009)
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Summary
This amendment, effective January 1, 2009, updates the definition of 'Director' in the Astoria Financial Corporation Death Benefit Plan for Outside Directors. It clarifies that a Director is any board member of a participating company who is not an employee or an 'Eligible Director' under a related retirement plan. The amendment is executed by an authorized officer of Astoria Financial Corporation.
EX-10.12 5 v141022_ex10-12.htm Unassociated Document
Exhibit 10-12
Astoria Financial Corporation
Death Benefit Plan For Outside Directors
(Effective January 1, 2009)
AMENDMENT NO. 1
| 1. | Article I C Effective January 1, 2009, Section 1.4 shall be amended to read in its entirety as follows: |
Section 1.4 Director means any member of the Board of Directors of any Participating Company who is neither (i) an employee of any Participating Company nor (ii) an “Eligible Director” as defined in the Astoria Federal Saving and Loan Association and Astoria Financial Corporation Directors’ Retirement Plan.
In Witness Whereof, this Amendment has been signed by an officer of Astoria Federal Savings and Loan Association thereunto duly authorized.
| Astoria Financial Corporation | ||||
| By | /S/ Alan P. Eggleston | |||
| Name: | Alan P. Eggleston | |||
| Title: | Executive Vice President, Secretary and General Counsel | |||
| Date: | December 31, 2008 | |||
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