Exhibit 10.12.4


 


RESOLUTION A04-25


 


RESOLUTION OF THE BOARD OF DIRECTORS


ACCESS ANYTIME BANCORP, INC


 


AMENDMENT NO. 4


TO THE


EXECUTIVE SAVINGS PLAN FOR FIRSTBANK (ALSO KNOWN AS ACCESS 

ANYTIME BANCORP, INC.)


 


WHEREAS,
AccessBank (f/k/a FirstBank) and Access Anytime Bancorp, Inc. (the “Company”) executed
the Executive Savings Plan for FirstBank or Access Anytime Bancorp, Inc.
effective June 1, 1998 (the “Plan”); and


 


WHEREAS,
Section 10.2 of the Plan provides that the Company may amend the Plan.


 


NOW THEREFORE,
the Company hereby amends the Plan by the adoption of following amendments:


 


1.                                      Effective
immediately, the name of the Plan is amended to read the “Executive Savings
Plan for AccessBank.”


 


2.                                      Effective
immediately, all references under the Plan to “FirstBank” shall be deemed references to “AccessBank.”


 


3.                                      Effective
immediately, all references under the Plan to “First Performance Builder” or the “FirstBank Profit Sharing and Employee Stock
Ownership Plan” shall be deemed references to the “AccessBank
Profit-Sharing and Employee Stock Ownership Plan.”


 


4.                                      Effective
immediately, Section 1.1(A)(10) is amended to read in its entirety as follows:


 


(10)                            “Earnings”
shall mean the income to be credited on the Participant’s Trust Fund Account at
the close of business each day.


 


5.                                      Effective
immediately, Section 1.1(A)(18.1) is added to the Plan to read in its entirety
as follows:


 


(18.1)                   “Participant’s
Trust Fund Account” shall mean the account established for the Employee under
Section 5(d) of the Trust Agreement, as amended by Amendment No. 1 on July 30,
2004.


 


6.                                      Effective
immediately, Section 5.2 is added to the Plan to read in its entirety as
follows:


 


5.2 – Investment of Account


 


Participant
shall have the right to select from different model investment portfolios developed
at the request of Employer and made available to Participants.  Participant may change his selection of model
investment portfolios 


 


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at least monthly, in such manner and under such conditions as the
Committee shall establish.  The
Participant’s Account hereunder shall be adjusted as of the close of business
each day to reflect the value of the assets in the model investment
portfolio(s) selected by Participant, as well as the Earnings and any
additional Contributions.  It is intended
by Participant and Employer that the value of Participant’s Account hereunder
match the value of Participant’s Trust Fund Account at all times.  Participant agrees on behalf of himself and
any beneficiary that he accepts the risk of loss in connection with each
selection by him of a model investment portfolio.


 


7.                                      Effective
immediately, Section 5.3 is added to the Plan to read in its entirety as
follows:


 


5.3 – Investment Portfolios


 


Employer may
from time to time, in its sole discretion, add, revise, or delete model
investment portfolios.  The model
investment portfolios shall not include Employer’s stock.


 


8.                                      Effective
immediately, the last sentence of Section 7.1 is amended to read in its
entirely as follows:


 


Thereafter,
the Committee shall credit the amounts of the Participant’s Salary Deferral
Contributions since the preceding Accounting Date, and adjust the Account by
the Earnings pursuant to Section 5.1.


 


9.                                      Any
inconsistent
provisions of the Plan shall be read consistent with this amendment.


 


IN WITNESS WHEREOF, the undersigned officers
being duly authorized by the Board of Directors of AccessBank and Access
Anytime Bancorp, Inc., hereby approve and adopt this Amendment as of the date
first set forth below.


 


 


	
   

  	
  ACCESSBANK

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
    /s/
  Don K. Padgett

  
	
   

  	
   

  
	
   

  	
  Title:

  	
    Don
  K. Padgett, President

  
	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
    September
  23, 2004

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ACCESS ANYTIME BANCORP, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
    /s/
  Norm Corzine

  
	
   

  	
   

  
	
   

  	
  Title:

  	
    Norm
  Corzine, Chairman

  
	
   

  	
   

  
	
   

  	
  Date:

  	
    September
  23, 2004

  



 


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