Exhibit 10(n)SUPPLEMENTAL RETIREMENT BENEFITS AGREEMENTFORGARY C. SMITH     This Supplemental Retirement Benefits Agreement (the Agreement”), made as of this 15th day ofDecember, 2000, by and among LNB BANCORP, INC. (an Ohio corporation) and THE LORAIN NATIONAL BANK(a national banking association organized and existing under the laws of the United States), whichtogether with their respective successors and assigns are herein collectively called “Employer”,and GARY C. SMITH, hereinafter called “Executive”, is to EVIDENCE THAT:     WHEREAS Executive has rendered valuable services to Employer andhas performed Executive’s duties in a capable and efficientmanner and has generated substantial growth and progress to Employer; and     WHEREAS Employer desires to retain the services of Executive andacknowledges that, if Executive were to leave Employer’semployment, Employer could suffer a substantial financial loss; and     WHEREAS Employer desires to provide Executive with certainsupplemental retirement benefits (as defined in Section 3) in additionto the retirement benefits provided to Executive under The LorainNational Bank Retirement Pension Plan as restated on January 1, 1989(herein called the “LNB Pension Plan”); and     WHEREAS Employer further desires to provide Executive with certain benefits in the event of a“Change in Control” (as defined in Section 4); and     WHEREAS Executive is willing to continue in the employ of Employer if Employer agrees to paythe benefits in accordance with the provisions and conditions of this Agreement;     NOW, THEREFORE, in consideration of the mutual covenants contained herein, Employer andExecutive (herein collectively called the “Parties”) agree as follows:     1. Employment of Executive.          In accordance with Executive’s employment agreement withEmployer dated March 16, 1999, as may be amended (herein called the“Employment Agreement”), Executive shall continue to perform duties forEmployer in such senior executive capacity as the Board of Directors ofEmployer may periodically designate. Executive shall devote Executive’s best efforts to theperformance of Executive’s duties for Employer. Executive’s employment with Employer shall continueuntil terminated pursuant to the Employment Agreement.     2. Compensation.          Executive shall be compensated for the performance ofExecutive’s duties in accordance with the Employment Agreement.
 

 
     3. Supplemental Retirement Benefits.          3.1 Normal Retirement. If Executive remains in thecontinuous employ of Employer pursuant to the Employment Agreement andretires or is discharged by Employer (for any reason, with or withoutcause) from active employment with Employer on or after age 65 (hereincalled the “Normal Retirement Date”), Executive will be entitled toreceive such supplemental retirement benefits (herein called the“Supplemental Retirement Benefits”) which, when added to Executive’s LNB Pension Plan benefits andthe social security benefits (to whichExecutive is eligible on the date of Executive’s employmenttermination), would equal seventy percent (70%) of Executive’sCompensation (as defined herein). For purposes of this Agreement, theterm “Compensation” is limited to the largest annual base salary and the largest annual bonusespaid to Executive by Employer and by anySubsidiary (as defined in Section 4.1[i] of this Agreement) for the two(2) full calendar years of employment immediately preceding the date ofExecutive’s employment termination as reflected on Executive’s combinedW-2 Federal Income Tax Statements from Employer and from any Subsidiaryfor such years. The Supplemental Retirement Benefit shall be payable by Employer in one hundredtwenty (120) equal monthly installmentscommencing on the first day of the calendar month immediately followingthe date of Executive’s employment termination and continuing for onehundred nineteen (119) equal installments on the first day of eachcalendar month thereafter. Executive shall be under no obligation toelect to receive Social Security benefits as a condition to entitlementto the Supplemental Retirement Benefits. For purposes of thisAgreement, Executive’s LNB Pension Plan benefits shall be calculated asthough payable as a single life annuity for Executive’s life expectancy.          3.2 Early Retirement. If Executive remains in thecontinuous employ of Employer pursuant to the Employment Agreement andretires or is discharged by Employer (for any reason, with or withoutcause) prior to the Normal Retirement Date but after attaining age 62(herein called the “Early Retirement Date”), Executive shall be entitled to receive an applicablepercentage of the Supplemental Retirement Benefits as follows:Early Retirement Ages: Applicable Percentage:62                25%