EXHIBIT 10.10 - SPECIAL SEVERANCE AGREEMENT BETWEEN REGISTRANT AND
MARK D. CURTIS
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THE FIRST OF LONG ISLAND CORPORATION
SPECIAL SEVERANCE AGREEMENT
AGREEMENT dated as of January 1, 2002 by and between THE FIRST OF LONG ISLAND
CORPORATION (hereinafter referred to as "FLIC") and MARK D. CURTIS (hereinafter referred to as the
"Officer").
1. Term.
The term of this agreement shall be for a period of one (1) year commencing on the date hereof. The term shall
be automatically renewed for additional one
(1) year terms, unless the Board of Directors of FLIC chooses not to renew and notifies Officer of such intention
not to renew at least thirty (30) days prior to the end of a term; provided, however, that FLIC may not decline to
renew during any period of time in which the Board of Directors is actively negotiating a transaction the
consummation of which would result in Officer becoming entitled to a Termination Payment hereunder.
2. Termination Payment.
A. Officer will be entitled to a payment (the "Termination Payment") equal to One Hundred Twenty Five Per
Cent (125%) of his then current annual base salary (the dollar amount so calculated being hereafter referred to as
the "Full Severance"), and FLIC shall make such Termination Payment to Officer, in the event of the occurrence
of any of the following:
(i) The employment of Officer is terminated by The First National Bank Of Long Island ("FNBLI") within twenty-
four months after a Change Of Control Event (as hereinafter defined);
(ii) Officer resigns his employment with FNBLI for Good Reason (as hereinafter defined) within twenty-four
months after a Change of Control Event; or
(iii) The employment of Officer is terminated by FNBLI within twenty-four months after any entity, person or
group shall have acquired more than twenty per cent (20%) of the voting shares of FLIC and, at the time of such
termination, the Chief Executive Officer of FNBLI serving in that capacity as of the first day of the term hereof, or
of the then current