EXHIBIT 10.37
CHANGE OF CONTROL SEVERANCE AGREEMENT
This CHANGE OF CONTROL SEVERANCE AGREEMENT (the "Agreement") is made and entered into as
of January 1, 2000 by and among ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIATION, a savings
and loan association organized and existing under the laws of the United States of America and having an office at
One Astoria Federal Plaza, Lake Success, New York 11042 (the "Bank"), ASTORIA FINANCIAL
CORPORATION, a business corporation organized and existing under the laws of the State of Delaware and
having an office at One Astoria Federal Plaza, Lake Success, New York 11042 (the "Company") and Robert T.
Volk, an individual residing at 408 Smith Avenue, Islip, New York 11751 (the "Officer").
INTRODUCTORY STATEMENT
WHEREAS, the Boards of Directors of the Bank and the Company have approved the Bank and the Company
entering into Change of Control Severance Agreements with certain key officers of the Bank,
WHEREAS, the Officer is a key officer of the Bank;
WHEREAS, should the possibility of a Pending Change of Control or Change of Control of the Bank or the
Company arise, the Boards of Directors of the Bank and the Company believe it is imperative that the Bank, the
Company and the Boards of Directors of the Bank and the Company should be able to rely upon the Officer to
continue in his or her position, and that the Bank and the Company should be able to receive and rely upon the
Officer's advice, if requested, as to the best interests of the Bank and the Company and their respective
shareholders without concern that the Officer might be distracted by the personal uncertainties and risks created
by the possibility of a Pending Change of Control or Change of Control;
WHEREAS, should the possibility of a Pending Change of Control or Change of Control arise, in addition to his
or her regular duties, the Officer may be called upon to assist in the assessment of such possible Pending Change
of Control or Change of Control, advise management and the Board as to whet