Exhibit 10.15
DIRECTOR RETIREMENT BENEFITS AGREEMENT
This Director Retirement Benefits Agreement is made and entered into as of
January 15, 2003, by and among ▇▇▇▇▇▇ Financial Corporation ("DFC"), ▇▇▇▇▇▇
Savings and Loan Association, F.A. ("DSLA") and ▇▇▇ ▇▇▇▇▇▇ ("▇▇▇▇▇▇").
The parties agree as follows:
1. ▇▇▇▇▇▇ will retire from the Boards of DFC and DSLA effective February 28,
2003.
2. Until his retirement, ▇▇▇▇▇▇ will continue to serve on both Boards and be
compensated for his service according to the scheduled Board fees.
3. Any 2003 Board fees paid in advance to ▇▇▇▇▇▇ will be pro-rated through
February 2003.
4. For 26 consecutive months commencing in March 2003 and continuing through
April 2005, DFC and/or DSLA (collectively "▇▇▇▇▇▇") will pay ▇▇▇▇▇▇
$4,416.66 per month as supplemental director retirement benefits.
5. For 60 consecutive months commencing in May 2005 and continuing through
April 2010, ▇▇▇▇▇▇ will pay ▇▇▇▇▇▇ $3,055.55 per month, consistent with the
current retirement benefits provided to directors.
▇▇▇▇▇▇ FINANCIAL CORP.
By: /s/ ▇▇▇ ▇▇▇▇▇▇▇▇▇ /s/ ▇▇▇ ▇▇▇▇▇▇
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Its: President ▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇ SAVINGS AND LOAN
ASSOCIATION, F.A.
By: /s/ ▇▇▇ ▇▇▇▇▇▇▇▇▇
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Its: President
