EX-10.16
from S-1
41 pages
The LaPorte Savings Bank Employee Stock Ownership Plan Originally Adopted Effective as of January 1, 2007 Amended and Restated on May 25, 2010 Effective as of January 1, 2007 Further Amended and Restated on January 11, 2011 Effective as of January 1, 2011 the LaPorte Savings Bank Employee Stock Ownership Plan
12/34/56
EX-10.13
from S-1
6 pages
Prepared 12-20-02 the La Porte Savings Bank Split Dollar Agreement This Agreement Is Adopted This I Day of January 2003, With an Effective Date of August 1, 2002 (The “Effective Date”), by and Between the La/Porte Savings Bank, a State-Chartered Savings Bank Located in La Porte, Indiana (The “Company”), and Lee Brady (The “Executive”). This Agreement Shall Append the Split Dollar Endorsement Entered Into on the Effective Date or as Subsequently Amended, by and Between the Aforementioned Parties. Introduction to Encourage the Executive to Remain an Employee of the Company, the Company Is Willing to Divide the Death Proceeds of a Life Insurance Policy on the Executive’s Life. the Company Will Pay Life Insurance Premiums From Its General Assets. Agreement the Company and the Executive Agree as Follows: Article 1 General Definitions the Following Terms Shall Have the Meanings Specified: 1.1 “Executive ‘.S Interest” Means the Rights of the Executive or His Transferee Under the Policiesas Set Forth in Section 2.2 of This Agreement. 1.2 “Insured” Means the Executive. 1.3 “Insurer” Means Each Life Insurance Carrier That Has a Split Dollar Policy Endorsement Attached to This Agreement. 1 4 “Normal Retirement Age” Means the Executives 65th Birthday 1.5 “Policy” Means the Specific Life Insurance Policies Issued by the Insurer. 1.6 “Termination of Employment” Means the Executive Ceasing to Be Employed by the Company for Any Reason Whatsoever, Other Than by Reason of Executive’s Death or Due to a Company-Approved Leave of Absence. Article 2 Policy Ownership/Interests 2.1 Company Ownership. the Company Is the Sole Owner of the Policies and Shall Have the Right to Exercise All Incidents of Ownership. the Company Shall Be the Beneficiary of the 1
12/34/56