EMPLOYMENT AGREEMENTEmployment Agreement • September 20th, 2004 • SFSB, Inc. • Maryland
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made as of the day of , 2004, between Slavie Federal Savings Bank (the “Bank” or “Employer”), a capital stock federal savings bank chartered by the United States and a wholly owned subsidiary of SFSB, Inc. and Charles E. Wagner, Jr., a resident of the State of Maryland (the “Employee”).
May 20, 2004SFSB, Inc. • September 20th, 2004
This letter sets forth the agreement between Slavie Federal Savings Bank (“Slavie Federal”) and Feldman Financial Advisors, Inc. (“FFA”), whereby Slavie Federal has engaged FFA to provide an independent appraisal of the estimated aggregate pro forma market value (the “Valuation”) of the shares of common stock that are to be outstanding upon completion of the reorganization of Slavie Federal into the mutual holding company structure (the “Reorganization”), including formation of a mid-tier stock holding company and minority stock offering by the mid-tier stock holding company.
