THIS EMPLOYMENT AGREEMENT (this “Agreement”), is entered into this 30 day of April, 2010
(“Effective Date”) by and between The Home Savings and Loan Company of Youngstown, Ohio, a state chartered
savings bank incorporated under Ohio law (the “Company”) and Jude J. Nohra, an individual (hereinafter referred
to as the “Executive”).
WHEREAS, the Executive is currently employed as the Senior Vice President, General Counsel & Secretary
of the Company;
WHEREAS, the Board of Directors of the Company desires to continue to retain the services of the Executive
in those capacities and the Executive desires to continue to so serve; and
WHEREAS, the Executive and the Company desire to enter into this Agreement to set forth the terms and
conditions of the employment relationship between the Company and the Executive.
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the Company
and the Executive, each party intending to be legally bound, hereby agree as follows:
1. Employment and Term .
(a) Term. Upon the terms and subject to the conditions of this Agreement, the Company hereby employs the
Executive for a term beginning on April 30, 2010 and continuing for a period of 12 months (together with any
renewal period described in Section 1(b), the “Term”).
(b) Renewal . The Term of this Agreement shall be extended for one day each day so that the Term is alway
12 months. The Term shall continue until the Company’s Board of Directors or the Executive provides written
notice of non-renewal to the other, in which case renewals will cease and the Term will become fixed, ending
12 months after the date of receipt of any such written notice.
2. Duties of the Executive .
General Duties and Responsibilities . The Executive shall serve as the Senior Vice President, General Counsel
& Secretary of the Company. In such capacity(ies), the Executive shall have the authority commensurate with such
position and s