Amendment to Employment Agreement between Sterling Bancorp and John C. Millman

Summary

Sterling Bancorp and its President, John C. Millman, have agreed to amend Millman's existing employment agreement. The amendment changes the term of his employment, extending it to December 31, 2005. This change was recommended by the Compensation Committee and approved by the Board of Directors. Both parties have signed the amendment to confirm their agreement.

EX-10.XIV.B 4 y84576exv10wxivwb.txt AMENDMENT TO EMPLOYMENT AGREEMENT: MILLMAN [STERLING BANCORP LETTERHEAD] February 26, 2003 Mr. John C. Millman, President Sterling Bancorp 650 Fifth Avenue New York, New York 10019 Dear Mr. Millman: This will confirm the following amendment to your Amended and Restated Employment Agreement, dated as of March 22, 2002, with our Company: The date in the third line of Paragraph 1 (captioned "Term") is amended to December 31, 2005. The foregoing amendment was recommended by the Compensation Committee and approved by the Board of Directors at its February 20, 2003 meeting. Kindly sign and return the enclosed copy to the Company in order to confirm your understanding and acceptance of the foregoing amendment. Sincerely, Sterling Bancorp By: /s/ Monica Lercher -------------------- Secretary Agreed: /s/ John C. Millman - --------------------------- John C. Millman