Employment Agreement Extension between The Franklin Savings and Loan Company and Daniel T. Voelpel

Summary

This agreement extends the employment contract between The Franklin Savings and Loan Company and Daniel T. Voelpel, who serves as Senior Vice President. The extension changes the contract's end date to March 31, 2013. All other terms and conditions of the original employment agreement remain unchanged. Both parties have agreed to this extension, ensuring Mr. Voelpel continues in his current role for the extended period.

EX-10.I 2 c98581exv10wi.htm EXHIBIT 10(I) Exhibit 10(i)

EXHIBIT 10(i)

EMPLOYMENT AGREEMENT EXTENSION

THIS EMPLOYMENT AGREEMENT EXTENSION (this “Agreement Extension”) is entered into effective the 30 day of March, 2010, by and between The Franklin Savings and Loan Company, a savings and loan association organized under the laws of the State of Ohio (the “Employer”), and Daniel T. Voelpel (the “Employee”).

WITNESSETH:

WHEREAS, the Employee is currently employed as the Senior Vice President of the Employer; and

WHEREAS, the Employer and the Employee are parties to an employment agreement dated July 1, 2006 and amended December 30, 2008 (the “Employment Agreement”); and

WHEREAS, the current expiration date of the Employment Agreement is March 31, 2012; and

WHEREAS, Section 1 of the Employment Agreement provides that the Employer’s Board of Directors may extend the term of the Employment Agreement; and

WHEREAS, as a result of the skill, knowledge, performance and experience of the Employee, the Board of Directors of the Employer has determined that the Employment Agreement should be extended; and

WHEREAS, the Employee desires to continue to serve as the Senior Vice President of the Employer and consents to the extension of the Employment Agreement;

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the Employer and the Employee hereby agree as follows:

1. Extension of Term of Employment Agreement. The term of the Employment Agreement is hereby extended and the Employment Agreement shall terminate on March 31, 2013 (the “Extended Term”).

2. Effect of Prior Agreements. All of the terms and conditions of the Employment Agreement shall remain in full force and effect during the Extended Term.

[REMAINDER OF PAGE INTENTIONALLY BLANK; SIGNATURES FOLLOW]

IN WITNESS WHEREOF, the Employer has caused this Agreement Extension to be executed by its duly authorized officer, and the Employee has consented to and signed this Agreement Extension, each as of the date first above written.



	EMPLOYER:

Attest:	THE FRANKLIN SAVINGS AND LOAN COMPANY

/s/ Margaret Havlin	By:	/s/ Gretchen J. Schmidt Name: Gretchen J. Schmidt
		Title: President

Attest:	EMPLOYEE:

/s/ Margaret Havlin	/s/ Daniel T. Voelpel