EMPLOYMENT AGREEMENTEmployment Agreement • March 28th, 2006 • Seneca-Cayuga Bancorp, Inc. • New York
This Agreement is made effective as of January 1, 2006 (the “Effective Date”), by and between Seneca Falls Savings Bank, a federally chartered savings bank with its principal office in Seneca Falls, New York (the “Bank”), and Menzo D. Case (“Executive”). References to the “Company” mean Seneca-Cayuga Bancorp, Inc. a federal corporation that owns 100% of the common stock of the Bank. The Company shall be a signatory to this Agreement for the sole purpose of guaranteeing the Bank’s performance hereunder.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSSeneca-Cayuga Bancorp, Inc. • March 28th, 2006
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of The Seneca Falls Savings Bank (hereinafter referred to as “Seneca Falls Savings,” relating to the minority stock offering (the “Stock Offering”) of Seneca Falls Savings. KELLER will provide a pro forma valuation of the market value of the shares of Seneca Falls Savings to be sold in connection with the minority stock offering.
RP® FINANCIAL, LC. Financial Services Industry ConsultantsSeneca-Cayuga Bancorp, Inc. • March 28th, 2006
