FORM OF EXECUTIVE EMPLOYMENT AGREEMENTRelease and Severance Agreement • January 4th, 2006 • Mutual Federal Bancorp, Inc. • Savings institution, federally chartered • Illinois
THIS AGREEMENT, made and entered into as of _________ __, 2006 (the “Effective Date”), by and among Mutual Federal Bancorp, Inc. (hereinafter referred to as “MFB”), Mutual Federal Savings and Loan Association of Chicago (the “Bank” or “Employer”), and Stephen M. Oksas (hereinafter called the “Executive”).
Shares (subject to increase up to _________shares in the event of an increase in the pro forma market value of the Company’s Common Stock) Mutual Federal Bancorp, Inc. (a federal stock holding company) Common Stock (par value $[.01] per share) AGENCY...Agency Agreement • January 4th, 2006 • Mutual Federal Bancorp, Inc. • Savings institution, federally chartered • New York
