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Exhibit 10 (n)
FIRST LIBERTY BANK
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June 28, 1995
Mr. J. Xxxxx Xxxxxxx
Executive Vice President
First Liberty Bank
0000 Xxxxxxxxx Xxxxxxxxxx Xxxxxxxxx
Xxxxxxx, Xxxxxxx 00000
Dear Xx. Xxxxxxx:
In consideration of your many years of past service to First Liberty Bank
(the "Bank") and of your agreement to continue your employment, this letter
will confirm the following. In the event your employment is terminated due to
change of control of the Bank or of First Liberty Financial Corp., i.e., a
change of more than 24.9% in stock ownership, you will be paid six (6) months
salary at the then current rate unless the resulting ownership entity offers
you continued employment in a position with comparable responsibility and
compensation.
Sincerely,
Xxxxxx X. Xxxxxxx
-----------------
Xxxxxx X. Xxxxxxx
President and
Chief Executive Officer
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