A. J. SMITH FEDERAL SAVINGS BANK
FOR INSIDE DIRECTORS
WHEREAS, A. J. Smith Federal Savings Bank ("the Bank") recognizes the unique qualifications of its employee
directors ("Inside Directors") and the valuable services that they have provided to and for the Bank; and
WHEREAS, in December 1995, the Bank adopted the A. J. Smith Federal Savings Bank Retirement Plan for
Directors for the benefit of its Inside Directors and non-employee directors ("Outside Directors") in order to
provide retirement benefits to such person upon their separation from service; and
WHEREAS, the Board of Directors wishes to simplify the administration of each plan and to better recognize the
unique contribution provided by each category of director; and
WHEREAS, the Board of Directors believes that the best way to achieve its goal is to amend and restate the A.
J. Smith Federal Savings Bank Retirement Plan for Directors into two separate and distinct plans, i.e., one plan
for Inside Directors and one plan for Outside Directors;
NOW, THEREFORE, the Bank hereby establishes the A. J. Smith Federal Savings Bank Retirement Plan for
Inside Directors as hereinafter provided:
ARTICLE I - GENERAL
1.1 Effective Date
The initial effective date of the Retirement Plan for Directors was December 18, 1995. The provisions of this
amended and restated Retirement Plan for Inside Directors shall be effective as of January 1, 2001.
The purpose of the Plan is to provide retirement income to a Participant upon his Separation from Service.
The Plan is intended to be (and shall be construed and administered as) an "employee pension benefit plan" under
the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA") which is unfunded and
maintained by the Bank solely to provide retirement income to a select group of management or highly
compensated employees as such group is described under section 201(2),
301(a)(3), and 401(a)(1) of ERISA as interpreted b