SECOND AMENDMENT TO THE LA PORTE SAVINGS BANK
Exhibit 10.8
SECOND AMENDMENT TO
THE LA PORTE SAVINGS BANK
SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT
DATED AUGUST, 1, 2002
FOR
RUSS KLOSINSKI
THIS AMENDMENT executed on this 27th day of February, 2004, by and between THE LA PORTE SAVINGS BANK, a state chartered mutual savings bank located in La Porte, Indiana (the Company), and RUSS KLOSINSKI (the Executive).
On August 1, 2002, the Company and the Executive executed the SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT (the Agreement).
Pursuant to the power of amendment reserved by Article 7 of the Agreement, the undersigned hereby amends, in part, said Agreement for the purposes of: (i) removing definitions, (ii) changing the Effective Date, and (iii) changing the Plan year. Therefore,
Section 2.3.3 shall be added to the Agreement as follows:
The benefit amount is subject to a vesting schedule of zero percent (0.0%) in the first Plan Year, and one hundred percent (100%) thereafter.
IN WITNESS OF THE ABOVE, the Executive and the Company have agreed to this First Amendment.
Executive: | Company: | |||||||
THE LA PORTE SAVINGS BANK | ||||||||
/S/ RUSS KLOSINSKI | By | /S/ LEE BRADY | ||||||
Russ Klosinski | Title | President |