EX-10.12



 





Exhibit 10.12




FIRST AMENDMENT

TO THE

CORTLAND BANCORP.

SPLIT DOLLAR AGREEMENT

DATED FEBRUARY 23, 2001




     
THIS FIRST AMENDMENT is adopted this         
             day of   
              
              
          , 20
             
       , by and
between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the “Company”) and David
Cole (the “Director”).



     On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the
“Agreement”).



     According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for
the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,



     Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.1 as follows:




	1.1	 	“Insurer” means each life insurance carrier for which there is a Split Dollar Policy
Endorsement for this Agreement.





     Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.2 as follows:




	1.2	 	“Policy” means the specific life insurance policy or policies issued by the Insurer(s).





     IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.



	 	 	 	 	 	 	 	 	 
	DIRECTOR:	 	 	 	CORTLAND BANCORP.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

DAVID COLE

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 






 









 





FIRST AMENDMENT

TO THE

CORTLAND BANCORP.

SPLIT DOLLAR AGREEMENT

DATED FEBRUARY 23, 2001




     THIS FIRST AMENDMENT is adopted this                     day of                                        , 20                    , by and
between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the “Company”) and Timothy
Woofter (the “Director”).



     On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the
“Agreement”).



     According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for
the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,



     Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.1 as follows:




	1.1	 	“Insurer” means each life insurance carrier for which there is a Split Dollar Policy
Endorsement for this Agreement.





     Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.2 as follows:




	1.2	 	“Policy” means the specific life insurance policy or policies issued by the Insurer(s).





     IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.



	 	 	 	 	 	 	 	 	 
	DIRECTOR:	 	 	 	CORTLAND BANCORP.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

TIMOTHY WOOFTER

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 






 









 





FIRST AMENDMENT

TO THE

CORTLAND BANCORP.

SPLIT DOLLAR AGREEMENT

DATED OCTOBER 1, 2001




     THIS FIRST AMENDMENT is adopted this                     day of                              
         
  , 20                    , by and between CORTLAND BANCORP., a holding company located in
Cortland, Ohio (the “Company”) and Richard Thompson (the “Director”).



     On October 1, 2001, the Company and the Director executed the Split Dollar Agreement (the
“Agreement”).



     According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for
the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,



     Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.1 as follows:




	1.1	 	“Insurer” means each life insurance carrier for which there is a Split Dollar Policy
Endorsement for this Agreement.





     Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.2 as follows:




	1.2	 	“Policy” means the specific life insurance policy or policies issued by the Insurer(s).





     IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.



	 	 	 	 	 	 	 	 	 
	DIRECTOR:	 	 	 	CORTLAND BANCORP.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

RICHARD THOMPSON

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 






 









 






FIRST AMENDMENT

TO THE

CORTLAND BANCORP.

SPLIT DOLLAR AGREEMENT

DATED FEBRUARY 23, 2001




     THIS FIRST AMENDMENT is adopted this                      day of                                         
, 20                    , by and
between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the “Company”) and Karl
Mahan (the “Director”).



     On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the
“Agreement”).



     According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for
the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,



     Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.1 as follows:




	1.1	 	“Insurer” means each life insurance carrier for which there is a Split Dollar Policy
Endorsement for this Agreement.





     Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.2 as follows:




	1.2	 	“Policy” means the specific life insurance policy or policies issued by the Insurer(s).





     IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.



	 	 	 	 	 	 	 	 	 
	DIRECTOR:	 	 	 	CORTLAND BANCORP.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

KARL MAHAN

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 






 









 






FIRST AMENDMENT

TO THE

CORTLAND BANCORP.

SPLIT DOLLAR AGREEMENT

DATED FEBRUARY 23, 2001




     THIS FIRST AMENDMENT is adopted this                    day of                           
             
, 20                    , by and
between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the “Company”) and James
Hoffman III (the “Director”).



     On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the
“Agreement”).



     According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for
the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,



     Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.1 as follows:




	1.1	 	“Insurer” means each life insurance carrier for which there is a Split Dollar Policy
Endorsement for this Agreement.





     Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.2 as follows:




	1.2	 	“Policy” means the specific life insurance policy or policies issued by the Insurer(s).





     IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.



	 	 	 	 	 	 	 	 	 
	DIRECTOR:	 	 	 	CORTLAND BANCORP.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

JAMES HOFFMAN III

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 






 









 






FIRST AMENDMENT

TO THE

CORTLAND BANCORP.

SPLIT DOLLAR AGREEMENT

DATED FEBRUARY 23, 2001




     THIS FIRST AMENDMENT is adopted this                     day of                              
          , 20                    , by and
between CORTLAND BANCORP., a holding company located in Cortland, Ohio (the “Company”) and George
Gessner (the “Director”).



     On February 23, 2001, the Company and the Director executed the Split Dollar Agreement (the
“Agreement”).



     According to the terms of Article 7, the undersigned hereby amend, in part, said Agreement for
the purpose of updating (1) the definition of Insurer and (2) the definition of Policy. Therefore,



     Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.1 as follows:




	1.1	 	“Insurer” means each life insurance carrier for which there is a Split Dollar Policy
Endorsement for this Agreement.





     Section 1.2 of the Agreement shall be deleted in its entirety and replaced by the new Section
1.2 as follows:




	1.2	 	“Policy” means the specific life insurance policy or policies issued by the Insurer(s).





     IN WITNESS OF THE ABOVE, the Company and Director hereby consent to this First Amendment.



	 	 	 	 	 	 	 	 	 
	DIRECTOR:	 	 	 	CORTLAND BANCORP.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

GEORGE GESSNER

	 	 	 	Title: