Document:

Exhibit 10.27.1

Exhibit 10.27.1

Termination of Split Dollar Agreement and Endorsement

This Termination of Split Dollar Agreement and Endorsement (this “Agreement”) by and
between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”), and Marlene
Lenio, Vice President of the Bank (the “Executive”), is made and entered into and shall be
effective as of this 12th day of February, 2010.

Whereas, the Bank and the Executive entered into a Second Amended Split Dollar
Agreement and Endorsement dated as of December 3, 2008 (the “Split Dollar Agreement and
Endorsement”),

Whereas, the Bank and the Executive desire now to terminate the Split Dollar
Agreement and Endorsement, and

Whereas, the Bank and the Executive intend that from and after the effective date of
this Agreement the Split Dollar Agreement and Endorsement and the associated Split Dollar Policy
Endorsement or Endorsements shall be void and shall have no further force or effect.

Now Therefore, in consideration of these premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Bank and the
Executive hereby agree as follows.

1. Termination of the Split Dollar Agreement and Endorsement. Effective as of the date first
written above, the Split Dollar Agreement and Endorsement is terminated and shall have no further
force or effect. Neither the Executive nor any beneficiary of the Executive shall make any claim
for benefits under the Split Dollar Agreement and Endorsement. Neither the Executive nor any
beneficiary of the Executive shall make any claim for benefits under the Split Dollar Policy
Endorsement or Endorsements appended to or associated with the Split Dollar Agreement and
Endorsement. The Split Dollar Policy Endorsement or Endorsements shall be void and of no further
force or effect as of the effective date of this Agreement. The Executive acknowledges and agrees
that the Bank shall be fully discharged from all liabilities or obligations under the Split Dollar
Agreement and Endorsement and the associated Split Dollar Policy Endorsement or Endorsements as of
the effective date of this Agreement.

2. Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of
the State of Ohio, except to the extent preempted by the laws of the United States of America.

3. Entire Agreement. This Agreement constitutes the entire agreement of the Bank and the
Executive concerning the subject matter.

In Witness Whereof, the Executive and a duly authorized officer of the Bank have
executed this Termination of Split Dollar Agreement and Endorsement as of the date first written
above.

	 	 	 	 	 	 	 
	Executive	 	The Cortland Savings and Banking Company
	 
	/s/ Marlene Lenio
 

	 	By:
	 	/s/ James Gasior
 

	 	 
	Marlene Lenio

	 	
	 	Its: PresidentExhibit 10.28.1

Exhibit 10.28.1

Termination of Split Dollar Agreement and Endorsement

This Termination of Split Dollar Agreement and Endorsement (this “Agreement”) by and
between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”), and Craig M.
Phythyon, an Officer of the Bank (the “Executive”), is made and entered into and shall be effective
as of this 12th day of February, 2010.

Whereas, the Bank and the Executive entered into an Amended Split Dollar Agreement
and Endorsement dated as of December 3, 2008 (the “Split Dollar Agreement and Endorsement”),

Whereas, the Bank and the Executive desire now to terminate the Split Dollar
Agreement and Endorsement, and

Whereas, the Bank and the Executive intend that from and after the effective date of
this Agreement the Split Dollar Agreement and Endorsement and the associated Split Dollar Policy
Endorsement or Endorsements shall be void and shall have no further force or effect.

Now Therefore, in consideration of these premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Bank and the
Executive hereby agree as follows.

1. Termination
of the Split Dollar Agreement and Endorsement. Effective as of the date first
written above, the Split Dollar Agreement and Endorsement is terminated and shall have no further
force or effect. Neither the Executive nor any beneficiary of the Executive shall make any claim
for benefits under the Split Dollar Agreement and Endorsement. Neither the Executive nor any
beneficiary of the Executive shall make any claim for benefits under the Split Dollar Policy
Endorsement or Endorsements appended to or associated with the Split Dollar Agreement and
Endorsement. The Split Dollar Policy Endorsement or Endorsements shall be void and of no further
force or effect as of the effective date of this Agreement. The Executive acknowledges and agrees
that the Bank shall be fully discharged from all liabilities or obligations under the Split Dollar
Agreement and Endorsement and the associated Split Dollar Policy Endorsement or Endorsements as of
the effective date of this Agreement.

2. Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of
the State of Ohio, except to the extent preempted by the laws of the United States of America.

3. Entire Agreement. This Agreement constitutes the entire agreement of the Bank and the
Executive concerning the subject matter.

In Witness Whereof, the Executive and a duly authorized officer of the Bank have
executed this Termination of Split Dollar Agreement and Endorsement as of the date first written
above.

	 	 	 	 	 	 	 
	Executive	 	The Cortland Savings and Banking Company
	 
	 	 	 	 	 	 
	/s/ Craig M. Phythyon
 

	 	By:	 	/s/ James Gasior
 

	 	 
	Craig M. Phythyon

	 	 
	 	Its: President & CEOExhibit 10.29.1

Exhibit 10.29.1

Termination of Split Dollar Agreement and Endorsement

This Termination of Split Dollar Agreement and Endorsement (this “Agreement”) by and
between The Cortland Savings and Banking Company, an Ohio-chartered bank (the “Bank”), and Stephen
A. Telego, Sr., an Officer of the Bank (the “Executive”), is made and entered into and shall be
effective as of this 12th day of March, 2010.

Whereas, the Bank and the Executive entered into a Third Amended Split Dollar
Agreement and Endorsement dated as of December 3, 2008 (the “Split Dollar Agreement and
Endorsement”),

Whereas, the Bank and the Executive desire now to terminate the Split Dollar
Agreement and Endorsement, and

Whereas, the Bank and the Executive intend that from and after the effective date of
this Agreement the Split Dollar Agreement and Endorsement and the associated Split Dollar Policy
Endorsement or Endorsements shall be void and shall have no further force or effect.

Now Therefore, in consideration of these premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Bank and the
Executive hereby agree as follows.

1. Termination
of the Split Dollar Agreement and Endorsement. Effective as of the date first
written above, the Split Dollar Agreement and Endorsement is terminated and shall have no further
force or effect. Neither the Executive nor any beneficiary of the Executive shall make any claim
for benefits under the Split Dollar Agreement and Endorsement. Neither the Executive nor any
beneficiary of the Executive shall make any claim for benefits under the Split Dollar Policy
Endorsement or Endorsements appended to or associated with the Split Dollar Agreement and
Endorsement. The Split Dollar Policy Endorsement or Endorsements shall be void and of no further
force or effect as of the effective date of this Agreement. The Executive acknowledges and agrees
that the Bank shall be fully discharged from all liabilities or obligations under the Split Dollar
Agreement and Endorsement and the associated Split Dollar Policy Endorsement or Endorsements as of
the effective date of this Agreement.

2. Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of
the State of Ohio, except to the extent preempted by the laws of the United States of America.

3. Entire Agreement. This Agreement constitutes the entire agreement of the Bank and the
Executive concerning the subject matter.

In Witness Whereof, the Executive and a duly authorized officer of the Bank have
executed this Termination of Split Dollar Agreement and Endorsement as of the date first written
above.

	 	 	 	 	 	 	 
	Executive	 	The Cortland Savings and Banking Company
	 
	 	 	 	 	 	 
	/s/ Stephen A. Telego Sr.
 

	 	By:
	 	/s/ James Gasior
 

	 	 
	Stephen A. Telego, Sr.

	 	
	 	Its: President & Chief Executive OfficerExhibit 10.32.1

Exhibit 10.32.1

Termination of Severance Agreement

This Termination of Severance Agreement (this “Agreement”) by and between Cortland
Bancorp, an Ohio corporation, and                      (the “Executive”),
Vice President of The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered bank and
wholly owned subsidiary of Cortland Bancorp, is made and entered into and shall be effective as of
this                      day of                     , 2010.

Whereas, Cortland Bancorp and the Executive entered into a Severance Agreement dated
as of December 3, 2008 (the “Severance Agreement”),

Whereas, Cortland Bancorp and the Executive desire now to terminate the Severance
Agreement, and

Whereas, Cortland Bancorp and the Executive intend that from and after the effective
date of this Agreement the Severance Agreement shall be void and shall have no further force or
effect.

Now Therefore, in consideration of these premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Cortland Bancorp and
the Executive hereby agree as follows.

1. Termination of the Severance Agreement. Effective as of the date first written above, the
Severance Agreement is terminated and shall have no further force or effect. Neither the Executive
nor any beneficiary of the Executive shall make any claim for benefits under the Severance
Agreement. The Executive acknowledges and agrees that Cortland Bancorp and the Bank shall be fully
discharged from all liabilities or obligations under the Severance Agreement as of the effective
date of this Agreement.

2. Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of
the State of Ohio, except to the extent preempted by the laws of the United States of America.

3. Entire Agreement. This Agreement constitutes the entire agreement of Cortland Bancorp and
the Executive concerning the subject matter.

In Witness Whereof, the Executive and a duly authorized officer of Cortland Bancorp
have executed this Termination of Severance Agreement as of the date first written above.

	 	 	 	 	 	 	 
	Executive	 	Cortland Bancorp
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

 

	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	Its:

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