First Amendment to the Second Amended and Restated Salary Continuation Agreement


  
 Exhibit 10.4

 FIRST AMENDMENT 
 TO THE 
 THE FIRST NATIONAL BANK OF MIFFLINTOWN 

SECOND AMENDED AND RESTATED 
 SALARY CONTINUATION AGREEMENT 
 DATED DECEMBER 31, 2008 

FOR 

RICHARD LEITZEL 
 THIS AMENDMENT is entered into this 29th day of October, 2010, by and between THE FIRST NATIONAL BANK OF MIFFLINTOWN (the “Company”), a national banking association located in Mifflintown, Pennsylvania, and RICHARD
LEITZEL (the “Executive”). 
 WHEREAS, the Company and the Executive executed the Second Amended and
Restated Salary Continuation Agreement on December 31, 2008, (the “Agreement”); 
 WHEREAS,
Section 8.1 of the Agreement provides that the Agreement may be amended upon mutual consent of the parties thereto; and 

WHEREAS, the parties now desire to amend the Agreement for the purpose of changing the Normal Retirement Benefit amount and
Schedule A; 
 NOW, THEREFORE, it is agreed by and between the Company and the Executive as follows: 

Section 2.1.1 of the Agreement shall be deleted in its entirety and replaced as follows: 

2.1.1    Amount of Benefit.    The annual benefit under this Section 2.1 is Forty Three Thousand
Dollars ($43,000). 
 Schedule A shall be deleted in its entirety and replaced by the Schedule A attached hereto.







  
 IN WITNESS
WHEREOF, the parties have executed this Amendment as of the date indicated above. 
  

					
	EXECUTIVE:	  	 COMPANY:
  

		  	 THE FIRST NATIONAL BANK OF
 MIFFLINTOWN
  

	 /s/ Richard R. Leitzel
	  	By	 	 /s/ John P. Henry, III

	RICHARD LEITZEL	  	Title	 	  


 By execution hereof, First Community Financial Corporation consents to and agrees to be bound by the terms and conditions of this First Amendment to the Agreement. 

 

							
	ATTEST:	 	 CORPORATION:
  

		 		 	 FIRST COMMUNITY FINANCIAL
 CORPORATION
  

	 /s/ Jennifer S. Kauffman
	 	By:	 	 /s/ John P. Henry, III

	Title	 	 Asst. Secretary
	 	Title	 	  








 Plan Year Reporting 

 

					
		 	 Salary Continuation Plan

Schedule A


 Richard R. Leitzel 
  

													
	 Birth
Date: 8/23/1955
  

Normal Retirement: 8/23/2020, Age 65
	 	Early Termination	 	Disability	 	  

Change in Control
	 	 Pre-retire.

Death

Benefit
  

Annual2

 Benefit 

	  	 	 	 	 	 	Annual
Benefit2
Amount Payable at
Normal
Retirement
Age	 	 Annual Benefit2

Amount Payable at
Normal Retirement
Age
	 	 Annual Benefit2

Amount Payable at
Separation from
Service
	 
	 Values
 as of
	 	Age	 	 Based
On
 Accrual
	 	 Based
On
 Accrual
	 	 Based
On
 Accrual
	 	 Based
On
 Benefit

	 	(1)	 	(2)	 	(3)	 	(4)	 	(5)
	 Oct
	 	 2010 1
	 	55	 	13,185	 	13,185	 	  7,283	 	43,000
	 May
	 	 2011
	 	55	 	15,790	 	15,790	 	  9,077	 	43,000
	 May
	 	 2012
	 	56	 	19,508	 	19,508	 	11,906	 	43,000
	 May
	 	 2013
	 	57	 	23,011	 	23,011	 	14,910	 	43,000
	 May
	 	 2014
	 	58	 	26,309	 	26,309	 	18,099	 	43,000
	 May
	 	 2015
	 	59	 	29,416	 	29,416	 	21,485	 	43,000
	 May
	 	 2016
	 	60	 	32,343	 	32,343	 	25,079	 	43,000
	 May
	 	 2017
	 	61	 	35,100	 	35,100	 	28,895	 	43,000
	 May
	 	 2018
	 	62	 	37,696	 	37,696	 	32,947	 	43,000
	 May
	 	 2019
	 	63	 	40,142	 	40,142	 	37,248	 	43,000
	 May
	 	 2020
	 	64	 	42,445	 	42,445	 	41,815	 	43,000
	 Aug
	 	 2020
	 	65	 	43,000	 	43,000	 	43,000	 	43,000

  

	1	 The first line reflects just the initial values as of October 1, 2010. 



 

	2	 The annual benefit amount will be distributed in 12 equal monthly payments
for a total of 180 monthly payments. 


  

	*	 IF THERE IS A CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS
SCHEDULE A AND THE AGREEMENT, THE TERMS AND PROVISIONS OF THE AGREEMENT SHALL PREVAIL. IF A TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL BENEFIT AMOUNT BASED ON THE DATE OF THE EVENT. 



Salary Continuation Plan for The First National Bank of Mifflintown - Mifflintown, PA 
 424851 60505 479982 v10.10.06 10/26/2010:14 SCP-E