First Financial Northwest, Inc. Sample Contracts

EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN PARTICIPATION AGREEMENT (AS AMENDED JANUARY 10, 2020)
Executive Supplemental Retirement Plan • January 15th, 2020 • First Financial Northwest, Inc. • State commercial banks • Washington

This amended Agreement is made and entered into as of the 10th day of January, 2020 by and between FIRST FINANCIAL NORTHWEST BANK (hereinafter referred to as the “Bank”) and Joseph W. Kiley III (hereinafter referred to as “the Participant”), pursuant to the Executive Supplemental Retirement Income Plan. This agreement modifies all other Executive Supplemental Retirement Plan Participant Agreements between the Bank and the Participant if any, including, in particular, the Participant Agreement effective July 10, 2017).

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AMENDED EMPLOYMENT AGREEMENT
Employment Agreement • December 5th, 2013 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of this 2nd day of December, 2013, by and between First Savings Bank Northwest (the “Bank”), and Joseph W. Kiley III (the “Employee”).

RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • June 15th, 2016 • First Financial Northwest, Inc. • Savings institutions, not federally chartered

This Award of restricted stock units ("RSUs") is granted by First Financial Northwest, Inc. ("Company") to ______________________ ("Grantee") in accordance with the terms of this Restricted Stock Unit Award Agreement ("Agreement") and subject to the provisions of the First Financial Northwest, Inc. 2016 Equity Incentive Plan, as amended from time to time ("Plan"). The Plan is incorporated herein by reference. Capitalized terms included herein that are not defined in this Agreement shall have the meaning ascribed to them in the Plan.

INCENTIVE STOCK OPTION AWARD AGREEMENT
Incentive Stock Option Award Agreement • June 15th, 2016 • First Financial Northwest, Inc. • Savings institutions, not federally chartered

This Incentive Stock Option Award ("ISO") is granted by First Financial Northwest, Inc. ("Company") to ______________________ ("Option Holder") in accordance with the terms of this Incentive Stock Option Award Agreement ("Agreement") and subject to the provisions of the First Financial Northwest, Inc. 2016 Equity Incentive Plan, as amended from time to time ("Plan"). The Plan is incorporated herein by reference. Capitalized terms included herein that are not defined in this Agreement shall have the meaning ascribed to them in the Plan.

FORM OF SECOND SEPARATION AGREEMENT AND GENERAL RELEASE BETWEEN KARI STENSLIE AND FIRST SAVINGS BANK NORTHWEST
Second Separation Agreement • August 9th, 2013 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

This Second Separation Agreement and General Release (“Agreement”) is between Kari Stenslie (“Employee”) and First Savings Bank Northwest, a Washington corporation (“Employer”), collectively, the “Parties.”

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT FOR RICHARD P. JACOBSON
Employment Agreement • May 16th, 2023 • First Financial Northwest, Inc. • State commercial banks

THIS AMENDMENT No. 1 (the “Amendment”) is adopted effective as of May 12, 2023 by and between First Financial Northwest Bank, a Washington state chartered commercial bank formerly known as First Savings Bank Northwest (the “Bank”), and Richard P. Jacobson (“the “Employee”).

STOCK OPTION AGREEMENT
Stock Option Agreement • March 19th, 2013 • First Financial Northwest, Inc. • Savings institutions, not federally chartered

THIS STOCK OPTION AGREEMENT (this "Agreement") is made this 15th day of March, 2013, between Stilwell Value LLC ("Stilwell"), having its offices at 111 Broadway, 12th Floor, New York, NY 10006, and Kevin Padrick, an individual with offices at PO Box 3510, 12 River Road, Sunriver, OR 97707 (the "Optionee").

RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • June 15th, 2016 • First Financial Northwest, Inc. • Savings institutions, not federally chartered

This Restricted Stock Award ("Restricted Stock Award") is granted by First Financial Northwest, Inc. ("Company") to ____________________ ("Grantee") in accordance with the terms of this Restricted Stock Award Agreement ("Agreement") and subject to the provisions of the First Financial Northwest, Inc. 2016 Equity Incentive Plan, as amended from time to time ("Plan"). The Plan is incorporated herein by reference. Capitalized terms included herein that are not defined in this Agreement shall have the meaning ascribed to them in the Plan.

RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • November 7th, 2018 • First Financial Northwest, Inc. • State commercial banks

This Restricted Stock Award (“Restricted Stock Award”) is granted by First Financial Northwest, Inc. (“Company”) to ____________________ (“Grantee”) in accordance with the terms of this Restricted Stock Award Agreement (“Agreement”) and subject to the provisions of the First Financial Northwest, Inc. 2016 Equity Incentive Plan, as amended from time to time (“Plan”). The Plan is incorporated herein by reference. Capitalized terms included herein that are not defined in this Agreement shall have the meaning ascribed to them in the Plan.

FIRST SEPARATION AGREEMENT AND GENERAL RELEASE BETWEEN ROGER ELMORE AND FIRST SAVINGS BANK NORTHWEST
First Separation Agreement • August 9th, 2013 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

This First Separation Agreement and General Release (“Agreement”) is between Roger Elmore (“Employee”) and First Savings Bank Northwest, a Washington corporation (“Employer”), collectively, the “Parties.”

FORM OF CHANGE IN CONTROL SEVERANCE AGREEMENT
Control Severance Agreement • September 9th, 2014 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of this 8th day of September, 2014 (the "Commencement Date"), by and between FIRST SAVINGS BANK NORTHWEST (which, together with any successor thereto which executes and delivers the assumption agreement provided for in Section 6(a) hereof or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law, is hereinafter referred to as the "Savings Bank"), and ________________ (the "Employee").

CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • May 28th, 2014 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of this 23rd day of May, 2014 (the "Commencement Date"), by and between FIRST SAVINGS BANK NORTHWEST (which, together with any successor thereto which executes and delivers the assumption agreement provided for in Section 6(a) hereof or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law, is hereinafter referred to as the "Savings Bank"), and Ronnie J. Clariza (the "Employee").

TELECOPIER NUMBER WASHINGTON, D.C. 20007 WRITER’S DIRECT DIAL #
First Financial Northwest, Inc. • June 6th, 2007

Board of Directors First Financial Holdings, MHC First Financial of Renton, Inc. First Savings Bank of Renton 201 Wells Avenue South Renton, Washington 98057-2131

CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • August 14th, 2012 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of this 10th day of August, 2012 (the "Commencement Date"), by and between FIRST SAVINGS BANK NORTHWEST (which, together with any successor thereto which executes and delivers the assumption agreement provided for in Section 5(a) hereof or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law, is hereinafter referred to as the "Savings Bank"), and Herman L. Robinson (the "Employee").

EMPLOYMENT AGREEMENT
Employment Agreement • June 6th, 2007 • First Financial Northwest, Inc. • Washington

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of this _____ day of __________ 2007 by and between First Financial Northwest, Inc. (the “Company”), and its wholly owned subsidiary, First Savings Bank Northwest (the “Savings Bank”), and Victor Karpiak (the “Employee”).

AMENDMENT NO. 3 TO THE SETTLEMENT AGREEMENT AND MUTUAL RELEASES
The Settlement Agreement and Mutual Releases • May 17th, 2013 • First Financial Northwest, Inc. • Savings institutions, not federally chartered

This AMENDMENT NO. 3 TO THE SETTLEMENT AGREEMENT AND MUTUAL RELEASES ("Amendment No. 3") is made and entered into, as of the date on which it is fully executed, as indicated by the signatures below, by and among the Stilwell Group (as defined in the Settlement Agreement and Mutual Releases (the "Agreement")), Spencer L. Schneider, an individual, First Financial Northwest, Inc., a Washington corporation (the "Company"), Raymond J. Riley, an individual, Carl T. Hagberg and Associates, a sole proprietorship registered in New Jersey, and Victor Karpiak, an individual (collectively, "the parties" and each a "party").

FIRST FINANCIAL NORTHWEST, INC. 20,125,000 Shares (subject to increase to 23,145,750 shares) COMMON SHARES ($.01 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENT August ___, 2007
First Financial • July 23rd, 2007 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • New York

First Financial Northwest, Inc., a Washington corporation (the “Company”), First Savings Bank of Renton, a Washington-chartered stock savings bank (the “Bank”), First Financial of Renton, Inc., a Washington corporation, the current mid-tier holding company of the Bank (“Mid-Tier”), and First Financial Holdings, MHC, a Washington-chartered mutual holding company and the current majority owner of Mid-Tier (the “MHC”), hereby confirm their agreement with Keefe, Bruyette & Woods, Inc. (“Keefe Bruyette” or the “Selling Agent”) to serve as Selling Agent of the Company to assist the Company in the sale of up to 20,125,000 (subject to increase up to 23,143,750 shares) of Common Stock (as defined below) of the Company (the “Shares” or “Conversion Stock”) in the Subscription and Community Offerings, as defined below, as follows:

AMENDMENT NO. 1 TO EXCUTIVE SUPPLEMENTAL RETIREMENT PLAN PARTICIPATION AGREEMENT
Plan Participation Agreement • May 16th, 2023 • First Financial Northwest, Inc. • State commercial banks

THIS AMENDMENT No. 1 (the “Amendment”) is adopted effective as of May 12, 2023 by and between First Financial Northwest Bank, a Washington state chartered commercial bank (the “Bank”), and Joseph W. Kiley III (“the “Participant”).

SEPARATION AGREEMENT
Separation Agreement • August 23rd, 2013 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

This Separation Agreement (“Agreement”) is between Victor Karpiak (“Employee”) and First Financial Northwest, Inc. ("FFNW"), First Savings Bank Northwest ("FSBNW"), and First Financial Diversified Corporation ("FFD"), their subsidiaries, affiliates and related entities (together the “Employer”), collectively, the “Parties.” The Agreement is effective as of this 21st day of August, 2013 (the "Effective Date").

FIRST SEPARATION AGREEMENT AND GENERAL RELEASE BETWEEN KARI STENSLIE AND FIRST SAVINGS BANK NORTHWEST
First Separation Agreement • August 9th, 2013 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

This First Separation Agreement and General Release (“Agreement”) is between Kari Stenslie (“Employee”) and First Savings Bank Northwest, a Washington corporation (“Employer”), collectively, the “Parties.”

CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • January 3rd, 2019 • First Financial Northwest, Inc. • State commercial banks • Washington

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of this 31st day of December, 2018 (the "Commencement Date"), by and between FIRST FINANCIAL NORTHWEST BANK (which, together with any successor thereto which executes and delivers the assumption agreement provided for in Section 6(a) hereof or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law, is hereinafter referred to as the "Bank"), and Randy T. Riffle (the "Employee").

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Transition Agreement Modification Agreement
Transition Agreement Modification Agreement • December 20th, 2012 • First Financial Northwest, Inc. • Savings institutions, not federally chartered

THIS TRANSITION AGREEMENT MODIFICATION AGREEMENT (“Agreement”), made this 19th day of December, 2012, by and between First Financial Northwest, Inc., First Savings Bank Northwest, and First Financial Diversified Corporation, (together, the “Corporation”) and Victor Karpiak, the President, Chief Executive Officer and Chairman of the Board of Directors of First Financial Northwest, Inc., Executive Chairman and Chairman of the Board of Directors of First Savings Bank Northwest, and President, Chief Executive Officer and Chairman of the Board of Directors of First Financial Diversified Corporation (“Executive”);

REVISED EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN PARTICIPATION AGREEMENT
Modification Agreement • June 6th, 2007 • First Financial Northwest, Inc.

This Agreement is made and entered into as of the 18th day of December, 1991 by and between FIRST FEDERAL SAVINGS OF RENTON (hereinafter referred to as “the Bank”) and ___________________ (hereinafter referred to as “the Participant”), pursuant to the Executive Supplemental Retirement Income Plan. This agreement modifies all other Executive Supplemental Retirement Plan Participant Agreements between the Bank and the Participant.

EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN PARTICIPATION AGREEMENT
Executive Supplemental Retirement Plan • December 31st, 2012 • First Financial Northwest, Inc. • Savings institutions, not federally chartered

This Agreement is made and entered into as of the ______ day of __________, 2013 by and between FIRST SAVINGS BANK NORTHWEST (hereinafter referred to as "the Bank") and Joseph W. Kiley III (hereinafter referred to as "the Participant"), pursuant to the Executive Supplemental Retirement Income Plan. This agreement modifies all other Executive Supplemental Retirement Plan Participant Agreements between the Bank and the Participant if any.

PRINCIPAL FINANCIAL GROUP PROTOTYPE FOR SAVINGS PLANS THIS IS A 401(k) PROFIT SHARING PLAN. ADOPTION AGREEMENT NONSTANDARD IRS SERIAL NO. K305394b ADOPTION AGREEMENT PLAN NO. 001 TO BE USED WITH BASIC PLAN NO. 02 APPROVED: JULY 22, 2003 103
First Financial Northwest, Inc. • June 6th, 2007

The provisions of this Plan apply as of the Effective Date or such later date as may be specified in Item A of the Adoption Agreement, except as provided in any attached addendums.

FORM OF CHANGE IN CONTROL SEVERANCE AGREEMENT (AMENDED AND RESTATED)
Control Severance Agreement • December 21st, 2020 • First Financial Northwest, Inc. • State commercial banks • Washington

THIS AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE AGREEMENT (the "Agreement") is made and entered into as of this ___ day of ______________, 2020 (the "Commencement Date"), by and between FIRST FINANCIAL NORTHWEST BANK (which, together with any successor thereto which executes and delivers the assumption agreement provided for in Section 6(a) hereof or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law, is hereinafter referred to as the "Bank"), and [NAME OF EMPLOYEE] (the "Employee").

SEPARATION AGREEMENT AND GENERAL RELEASE BETWEEN GREGG DERITIS AND FIRST FINANCIAL NORTHWEST BANK
Separation Agreement and General Release • September 8th, 2017 • First Financial Northwest, Inc. • State commercial banks • Washington

This Separation Agreement and General Release ("Agreement") is between Gregg DeRitis ("Executive") and FIRST FINANCIAL NORTHWEST BANK (the "Company"), collectively, the "Parties."

SETTLEMENT AGREEMENT AND MUTUAL RELEASES
Non-Disclosure Agreement • December 20th, 2012 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

This SETTLEMENT AGREEMENT AND MUTUAL RELEASES ("Agreement") is made and entered into, as of the date on which it is fully executed, as indicated by the signatures below, by and among the Stilwell Group (as defined below), Spencer L. Schneider, an individual, First Financial Northwest, Inc., a Washington corporation (the "Company"), Raymond J. Riley, an individual, Carl T. Hagberg and Associates, a sole proprietorship registered in New Jersey, and Victor Karpiak, an individual (collectively, "the parties" and each a "party").

CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • June 6th, 2007 • First Financial Northwest, Inc. • Washington

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (the “Agreement”) is made and entered into as of this ____ day of ________________, 2007 (the “Commencement Date”), by and between FIRST SAVINGS BANK NORTHWEST (which, together with any successor thereto which executes and delivers the assumption agreement provided for in Section 5(a) hereof or which otherwise becomes bound by all of the terms and provisions of this Agreement by operation of law, is hereinafter referred to as the “Savings Bank”), and _______________________ (the “Employee”).

SEPARATION AGREEMENT AND GENERAL RELEASE
Separation Agreement and General Release • November 25th, 2015 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

This Separation Agreement and General Release (“Agreement”) is between Herman L. Robinson (“Executive”) and FIRST FINANCIAL NORTHWEST BANK (the “Company”), collectively, the “Parties.”

AMENDMENT NO. 1 TO THE SETTLEMENT AGREEMENT AND MUTUAL RELEASES
Non-Disclosure Agreement • January 17th, 2013 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

This AMENDMENT NO. 1 TO THE SETTLEMENT AGREEMENT AND MUTUAL RELEASES (the "Amendment") is made and entered into, as of the date on which it is fully executed, as indicated by the signatures below, by and among the Stilwell Group (as defined in the Settlement Agreement and Mutual Releases (the "Agreement")), Spencer L. Schneider, an individual, First Financial Northwest, Inc., a Washington corporation (the "Company"), Raymond J. Riley, an individual, Carl T. Hagberg and Associates, a sole proprietorship registered in New Jersey, and Victor Karpiak, an individual (collectively, "the parties" and each a "party").

FORM OF SECOND SEPARATION AGREEMENT AND GENERAL RELEASE
General Release • November 25th, 2015 • First Financial Northwest, Inc. • Savings institutions, not federally chartered • Washington

This General Release (“Agreement”) is between Herman L. Robinson (“Executive”) and FIRST FINANCIAL NORTHWEST BANK (the “Company”), collectively, the “Parties.”

RP® FINANCIAL, LC.
First Financial Northwest, Inc. • June 6th, 2007

This letter sets forth the agreement between First Savings Bank of Renton, Washington (the “Bank”), a wholly-owned subsidiary of First Financial Holdings, MHC, and RP® Financial, LC. (“RP Financial”) for conversion appraisal services in conjunction with the proposed stock offering (the “Stock Offering”) concurrent with the conversion of the Bank from a “no-stock” mutual holding company to a 100% publicly-held stock holding company. The specific appraisal services to be rendered by RP Financial are described below. These appraisal services will be rendered by a team of two to three consultants on staff and will be directed by the undersigned.

AMENDMENT NO. 1 TO FORM OF CHANGE IN CONTROL SEVERANCE AGREEMENT
Control Severance Agreement • May 16th, 2023 • First Financial Northwest, Inc. • State commercial banks

THIS AMENDMENT No. 1 (the “Amendment”) is adopted effective as of May 12, 2023 by and between First Financial Northwest Bank, a Washington state chartered commercial bank formerly known as First Savings Bank Northwest (the “Bank”), and _________ (“the “Employee”).

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