EMPLOYMENT AGREEMENTEmployment Agreement • March 12th, 2021 • Cullman Bancorp, Inc. /MD/ • Alabama
This Employment Agreement (this “Agreement”) is made effective as of [ ], 2021 (the “Effective Date”), by and between Cullman Savings Bank, a federally chartered savings bank (the “Bank”) and John A. Riley, III (the “Executive”). The Bank and Executive are sometimes collectively referred to herein as the “parties.” Any reference to the “Company” shall mean Cullman Bancorp, Inc., the newly formed holding company of the Bank. The Company is a signatory to this Agreement for the purpose of guaranteeing the Bank’s performance hereunder.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSCullman Bancorp, Inc. /MD/ • March 12th, 2021
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of the successor to Cullman Bancorp, Inc. (hereinafter referred to as (“Cullman Bancorp”), the mid-tier stock holding company of Cullman Savings Bank (“Cullman”), relating to the second stage conversion (the “Conversion”) of Cullman Bancorp. KELLER will provide a pro forma valuation of the market value of the shares of Cullman Bancorp to be sold in connection with a second stage conversion and the corresponding exchange ratio and prepare the pro forma valuation tables in the prospectus.
CULLMAN SAVINGS BANK DIRECTOR SPLIT DOLLAR AGREEMENTDirector Split Dollar Agreement • March 12th, 2021 • Cullman Bancorp, Inc. /MD/ • Alabama
THIS DIRECTOR SPLIT DOLLAR AGREEMENT (this “Agreement”) is made as of this day of , 2008 by and between Cullman Savings Bank, a federally chartered thrift, supervised by the Office of Thrift Supervision (the “Bank”), located in Cullman, Alabama, and ] (the “Director”).
