EXHIBIT 10.1
EMPLOYMENT AGREEMENT
This Agreement is made effective as of ____________, 2001 by and between Wayne Savings Community Bank
(the "Bank"), an Ohio savings and loan association, with its principal administrative office at 151 North Market
Street, Wooster, Ohio and __________________ (the "Executive"). Any reference to "Company" herein shall
mean Wayne Savings Bancshares, Inc. the stock holding company parent of the Bank or any successor thereto.
WHEREAS, the Bank wishes to assure itself of the continued services of Executive for the period provided in
this Agreement; and
WHEREAS, Executive is willing to continue to serve in the employ of the Bank on a full-time basis for said
period.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, and upon the other terms and
conditions hereinafter provided, the parties hereby agree as follows:
1. POSITION AND RESPONSIBILITIES
During the period of his employment hereunder, Executive agrees to serve as ____________ of the Bank (the
"Executive Position"). During said period, Executive also agrees to serve, if elected, as an officer of any
subsidiary or affiliate of the Bank. Failure to reelect Executive to the Executive Position without the consent of the
Executive during the term of this Agreement (except for any termination for Cause, as defined herein) shall
constitute a breach of this Agreement.
2. TERMS AND DUTIES
(a) The period of Executive's employment under this Agreement shall begin as of the date first above written and
shall continue for a period of
[thirty-six (36) or twenty-four (24)] full calendar months thereafter. Commencing on the first anniversary date of
this Agreement, and continuing at each anniversary date thereafter, the Agreement shall renew for an additional
year such that the remaining term shall be three (3) years; provided, however, if written notice of nonrenewal is
provided to Executive at least ten (10) days and not more than thirty (30) days prior to any anniversary date, the
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