EMPLOYMENT AGREEMENTEmployment Agreement • March 15th, 2013 • Sunnyside Bancorp, Inc. • New York
This Employment Agreement (this “Agreement”) is made effective as of , 2013 (the “Effective Date”), by and between Sunnyside Federal Savings and Loan Association of Irvington, a stock savings association (the “Association”) and Gerardina Mirtuono (“Executive”). The Association and Executive are sometimes collectively referred to herein as the “parties.” Any reference to the “Company” shall mean Sunnyside Bancorp, Inc., the holding company of the Association. The Company is a signatory to this Agreement for the purpose of guaranteeing the Association’s performance hereunder.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSSunnyside Bancorp, Inc. • March 15th, 2013
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Sunnyside Federal Savings & Loan Association (hereinafter referred to as “Sunnyside Federal”), relating to the mutual to stock conversion of Sunnyside Federal and stock offering (“the “Stock Offering”) of Sunnyside Federal. KELLER will provide a pro forma valuation of the market value of the shares of Sunnyside Federal to be sold in connection with the standard conversion.
CONFIDENTIALSunnyside Bancorp, Inc. • March 15th, 2013
Stifel, Nicolaus & Company, Incorporated (“Stifel Nicolaus”) is pleased to submit this letter agreement setting forth the terms of the proposed engagement of Stifel Nicolaus as data processing records management agent (the “Records Agent”) for Sunnyside Federal Savings and Loan Association of Irvington (the “Bank”) in connection with the proposed mutual-to-stock conversion of the Bank and the concurrent sale of common stock of a new stock holding company (the “Stock Company”) to be formed in connection with the Conversion.
