Exhibit 10.2 February 23, 2006 CONFIDENTIAL Board of Directors LSB Corporation Dear Members of the Board: I would be comfortable performing my duties as President and Chief Executive Officer of LSB Corporation and Lawrence Savings Bank (the "Company")...LSB Corp • March 2nd, 2006 • National commercial banks
LSB CORPORATION LAWRENCE SAVINGS BANKLSB Corp • March 2nd, 2006 • National commercial banks
WHEREAS, as of November 1, 2005, LSB Corporation and Lawrence Savings Bank (collectively, the "Company") and Gerald T. Mulligan entered into that certain Employment Agreement providing for the employment of Mr. Mulligan as President and Chief Executive Officer of the Company, commencing January 3, 2006, which Employment Agreement remains in effect at the present time; and
