RIVER VALLEY BANCORP
RECOGNITION AND RETENTION PLAN AND TRUST
ESTABLISHMENT OF THE PLAN AND TRUST
1.01 River Valley Bancorp hereby establishes the Recognition and Retention Plan (the "Plan") and Trust (the
"Trust") upon the terms and conditions hereinafter stated in this Recognition and Retention Plan and Trust
Agreement (the "Agreement").
1.02 The Trustee, which initially shall be First Bankers Trust Company, hereby accepts this Trust and agrees to
hold the Trust assets existing on the date of this Agreement and all additions and accretions thereto upon the
terms and conditions hereinafter stated.
PURPOSE OF THE PLAN
2.01 The purpose of the Plan is to retain directors and executive officers in key positions by providing such
persons with a proprietary interest in the Holding Company (as hereinafter defined) as compensation for their
contributions to the Holding Company and to the Affiliates (as hereinafter defined) and as an incentive to make
such contributions and to promote the Holding Company's and the Affiliates' growth and profitability in the future.
The following words and phrases when used in this Plan with an initial capital letter, unless the context clearly
indicates otherwise, shall have the meanings set forth below. Wherever appropriate, the masculine pronoun shall
include the feminine pronoun and the singular shall include the plural.
3.01 "Affiliate" means the Thrift and Bank and such other subsidiaries or affiliates of the Holding Company which,
with the consent of the Board, agree to participate in this Plan.
3.02 "Bank" shall mean Citizens National Bank of Madison.
3.03 "Beneficiary" means the person or persons designated by a Recipient to receive any benefits payable under
the Plan in the event of such Recipient's death. Such person or persons shall be designated in writing on forms
provided for this purpose by the Committee and may be changed from time to time by similar written notice to