BAY-VANGUARD FEDERAL SAVINGS BANK SALARY CONTINUATION AGREEMENT FOR DAVID M. FLAIRContinuation Agreement • March 13th, 2023 • BV Financial, Inc. • Savings institution, federally chartered
THIS SALARY CONTINUATION PLAN FOR DAVID M. FLAIR (the “Plan”) is effective as of [date], and is entered into by Bay-Vanguard Federal Savings Bank (the “Bank”) and David M. Flair (“Executive”).
BAY-VANGUARD FEDERAL SAVINGS BANK EXECUTIVE SPLIT DOLLAR AGREEMENTExecutive Split Dollar Agreement • March 13th, 2023 • BV Financial, Inc. • Savings institution, federally chartered • Maryland
This EXECUTIVE SPLIT DOLLAR AGREEMENT is entered into as of this 12th day of April, 2017, by and between Bay-Vanguard Federal Savings Bank, a federally chartered savings institution with its main office in Baltimore, MD (“the Bank”) and David M. Flair (“the Executive”). This Executive Split Dollar Agreement shall append the Split Dollar Endorsement entered into on even date herewith, or as subsequently amended, by and between the Executive and the Bank.
EMPLOYMENT AGREEMENTEmployment Agreement • March 13th, 2023 • BV Financial, Inc. • Savings institution, federally chartered • Maryland
This Employment Agreement (the “Agreement”) is made and entered into on August 28, 2018, by and between BayVanguard Bank (the “Bank”), BV Financial, Inc. (“BVFI”), the stock holding company of the Bank, Bay-Vanguard, M.H.C., a federal mutual holding company and David M. Flair (“Executive”). Any reference to the “Company” shall mean BVFI and Bay-Vanguard, M.H.C.
BAY-VANGUARD FEDERAL SAVINGS BANK AMENDED AND RESTATED SUPPLEMENTAL DIRECTOR RETIREMENT AGREEMENTSupplemental Director Retirement Agreement • March 13th, 2023 • BV Financial, Inc. • Savings institution, federally chartered • Maryland
Effective the 1st day of January, 2008, this AMENDED AND RESTATED SUPPLEMENTAL DIRECTOR RETIREMENT AGREEMENT (“Agreement”), between Bay-Vanguard Federal Savings Bank (“Bank”), a bank located in Baltimore, Maryland, and Brian K. McHale (“Director”), amends and restates the Director Supplemental Retirement Plan Director Agreement, originally executed between the parties on November 11, 2002.
Mr. David M. Flair, Co-President and Co-CEO Mr. Michael J. Dee, EVP and CFO BV Financial, Inc. / BayVanguard Bank Sparrows Point, Maryland 21219 Dear Messrs. Flair and Dee:BV Financial, Inc. • March 13th, 2023 • Savings institution, federally chartered
This letter sets forth the agreement between BayVanguard Bank, Sparrows Point, Maryland (the “Bank”), wholly-owned by BV Financial, Inc. (the “Company”), which in turn is the mid-tier holding company majority owned by Bay-Vanguard, MHC (the “MHC”), collectively, “Bay-Vanguard” or the “Company,” and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with Bay-Vanguard’s second step conversion offering.
BAY-VANGUARD FEDERAL SAVINGS BANK THREE-YEAR CHANGE IN CONTROL AGREEMENTThree-Year Change in Control Agreement • March 13th, 2023 • BV Financial, Inc. • Savings institution, federally chartered • Maryland
This AGREEMENT (“Agreement”) is hereby entered into as of July 1, 2014 by and between BAY-VANGUARD FEDERAL SAVINGS BANK (the “Bank”), a federally-chartered savings bank, with its principal offices at 7114 North Point Road, Baltimore, Maryland 21219, MICHAEL J. DEE (“Executive”), and BV FINANCIAL, INC. (the “Company”), a federally-chartered corporation and the holding company of the Bank, as guarantor.
