Resolution Approving Executive Physical Program for Key Executives of Third Federal Savings and Loan Association of Cleveland

EXHIBIT 10.3

Exhibit 10.3

RESOLUTION: EXECUTIVE PHYSICAL PROGRAM

Upon motion made by Director Stefanik and seconded by Director Zepp, the following resolution was unanimously adopted:

WHEREAS, the Board of Directors (“Board”) recognizes the contributions provided by members of the key executive team that promotes the growth of Third Federal Savings and Loan Association of Cleveland (“Association”); and

WHEREAS, the Board will periodically review the option to offer additional benefits to key executives to continue to remain competitive in preserving the services provided by these individuals; and

WHEREAS, the health of key executives is vital to the health of the Association. It is recommended that an Executive Physical Program be implemented; and

WHEREAS, health risk appraisals and annual physicals are important tools in the general health assessment of an individual; and

WHEREAS, the Cleveland Clinic has a reputable executive health management program, “the Personal Health Management Program”; and

WHEREAS, the cost of the program is a range of $2,000 - $3,000 per participant; and

WHEREAS, the key executives recommended to participate in the Executive Physical Program are:

Now, therefore,

BE IT RESOLVED, that the Board of Directors unanimously approves the implementation of the Executive Physical Program; and

FURTHER BE IT RESOLVED, that the key executives be offered the opportunity to participate in the program; and

FURTHER BE IT RESOLVED, that Jodi Hajduk, CEBS, maintain the administration of the program.

BOARD OF DIRECTORS MEETING HELD ON MAY 16 2002