SEPARATION AGREEMENTSeparation Agreement • January 5th, 2017 • Wayne Savings Bancshares Inc /De/ • Savings institution, federally chartered • Ohio
This Separation Agreement (“Agreement”) is entered into as of December 29, 2016 by and among Wayne Savings Bancshares, Inc., a Delaware corporation (the “Company”), Wayne Savings Community Bank (the “Bank”), and H. Stewart Fitz Gibbon III (“Mr. Fitz Gibbon”), to describe the terms and conditions of Mr. Fitz Gibbon’s separation from service with the Company and the Bank. The Company and the Bank are sometimes referred to collectively herein as the “Wayne Savings Entities” and the Wayne Savings Entities and Mr. Fitz Gibbon are sometimes referred to collectively herein as the “Parties.”
