SALARY CONTINUATION AGREEMENT
DATED OCTOBER 10, 2002
THIS FIRST AMENDMENT is adopted this ___day of , 200___, effective as of January 1,
2005, by and between ADVANTAGE BANK, a state-chartered savings bank located in Cambridge, Ohio (the
“Company”), and (the “Executive”).
The Company and the Executive executed the SALARY CONTINUATION AGREEMENT on
October 10, 2002 effective as of January 1, 2002 (the “Agreement”).
The undersigned hereby amend the Agreement for the purpose of bringing the Agreement into compliance
with Section 409A of the Internal Revenue Code. Therefore, the following changes shall be made:
The following Section 1.10a shall be added to the Agreement immediately following Section 1.10:
1.10a “ Specified Employee ” means an employee who at the time of Termination of Employment is a key
employee of the Company, if any stock of the Company is publicly traded on an established securities
market or otherwise. For purposes of this Agreement, an employee is a key employee if the employee
meets the requirements of Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the
regulations thereunder and disregarding section 416(i)(5)) at any time during the 12-month period ending
on December 31 (the “identification period”). If the employee is a key employee during an identification
period, the employee is treated as a key employee for purposes of this Agreement during the twelve
(12) month period that begins on the first day of April following the close of the identification period.
Section 1.11 of the Agreement shall be deleted in its entirety and replaced by the following:
1.11 “ Termination of Employment ” means termination of the Executive’s employment with the Company
for reasons other than death. Whether a termination of employment has occurred is determined based on
whether the facts and circumstances