SEVERANCE AGREEMENT AND GENERAL RELEASE AND AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • March 15th, 2004 • LNB Bancorp Inc • State commercial banks • Ohio
This Severance Agreement and General Release and Amendment to Employment Agreement (herein “Severance Agreement”) is entered into between LNB Bancorp, Inc. and Lorain National Bank (collectively herein “LNB”), their parents, affiliates, subsidiaries, successors and assigns, and Gregory D. Friedman (herein “Employee”), and his heirs, successors, agents, and assigns, (together herein the “Parties”), at Lorain, Ohio, to set forth the terms, conditions and consideration relating to the termination of Employee’s employment as Chief Financial Officer of LNB:
AMENDMENT TO SUPPLEMENTAL RETIREMENT BENEFITS AGREEMENT FOR GARY C. SMITHLNB Bancorp Inc • March 15th, 2004 • State commercial banks
This Amendment (the “Amendment”), made as of this 6th day of October, 2003, by and among LNB BANCORP, INC. (an Ohio corporation) and THE LORAIN NATIONAL BANK (a national banking association organized and existing under the laws of the United States of America), which together with their respective successors and assigns are herein collectively called “Employer”, and GARY C. SMITH, who is herein called “Executive”, is to EVIDENCE THAT:
