FEDERAL SAVINGS BANK
SUPPLEMENTAL DIRECTOR RETIREMENT AGREEMENT
THIS FIRST AMENDMENT to the Federal Savings Bank Supplement Director Retirement Agreement (the Agreement) is made by and between Federal Savings Bank (the Bank), a bank duly organized and existing under the laws of the State of New Hampshire, and Patricia A. Barbour (the Director), effective this 1st day of April, 2013.
WHEREAS, the Agreement was adopted on May 27, 2010; and
WHEREAS, pursuant to Section XIII(C) of the Agreement, the Agreement may be amended at any time by mutual consent of the Bank and the Director; and
WHEREAS, the Bank and the Director desire to amend the Agreement to clarify certain provisions;
NOW THEREFORE, the Agreement is hereby amended as follows:
Normal Retirement Age (NRA) shall mean the date on which the Director attains age seventy (70).
Except as otherwise amended by this Amendment, all provisions of the Agreement shall remain in full force and effect and the Agreement and this Amendment shall be construed together and considered one and the same agreement.
IN WITNESS WHEREOF, the Bank and the Director have caused this Amendment to be executed on the date first written above.
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|EXECUTIVE || || || ||FEDERAL SAVINGS BANK|
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/s/ Patricia A. Barbour
| ||By: || || |
/s/ Judy A. Lovely
|Patricia A. Barbour || ||Its: || || |
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