Notice of Non-Renewal of Three-Year Change in Control Agreement between Cheviot Savings Bank and Executive
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Summary
Cheviot Savings Bank, through its Chairman of the Board, formally notifies the Executive that their Three-Year Change in Control Agreement will not be renewed. The agreement will expire and terminate on February 18, 2017, as originally scheduled. This notice is given in accordance with board resolutions and fulfills the bank's obligation to inform the Executive of the non-renewal.
EX-10.13 2 t81688_ex10-13.htm EXHIBIT 10.13
EXHIBIT 10.13
Notice of Non-Renewal of Three-Year Change in Control
The Undersigned, Chairman of the Board of Directors of CHEVIOT SAVINGS BANK, (the “Bank”), acting pursuant to the duly adopted Resolutions of the Board, hereby gives notice to ________________ (the “Executive”), that the Executive’s Three-Year Change in Control Agreement (the “Agreement”) shall not be renewed, and that the term of the Agreement shall not be extended further, Accordingly, the Executive’s Agreement will expire and terminate by its own terms on February 18, 2017.
