Document:

EX-10(XX)

Exhibit xx

FIRST AMENDMENT TO

WESTWOOD HOMESTEAD FINANCIAL CORPORATION

1997 STOCK OPTION AND INCENTIVE PLAN

     This First Amendment to the Westwood Homestead Financial Corporation 1997 Stock Option and
Incentive Plan (“Plan”) is effective as of this 30th day of December, 2008.

RECITALS

     WHEREAS, Camco Financial Corporation, a Delaware corporation and successor to Westwood
Homestead Financial Corporation (the “Company”), previously adopted the Plan; and

     WHEREAS, the Company may amend the Plan from time to time without the consent of Participants
(as defined in the Plan); and

     WHEREAS, the Company desires to amend the Plan for the purposes of complying with Section 409A
of the Internal Revenue Code and to make other technical changes.

AMENDMENT

     NOW, THEREFORE, the Company hereby amends the Plan as follows:

	1.	 	Section 2(a) of the Plan is amended by substituting “Section 424(e) and (f)” for “Section
424(c) and (f)” where it appears in Section 2(a).

	2.	 	Section 2(j) of the Plan is hereby deleted in its entirety and is replaced with the
following:

     (j) “Company” shall mean Camco Financial Corporation.

	3.	 	The last sentence of Section 7(b) of the Plan is hereby deleted in its entirety and is
replaced with the following
	 
	 	 	If the Common Stock is not readily tradeable on an established securities exchange
(within the meaning of Section 409A of the Code), the Market Value per Share of
Common Stock shall be its fair market value as determined by the Committee, in its
sole and absolute discretion with respect to grants of ISOs and, with respect to
grants of Non-ISOs and SARs, shall be determined by the Committee through the
reasonable application of a reasonable valuation method, taking into account all
information material to the value of the Company, that satisfies the requirements of
Section 409A of the Code.

	4.	 	Section 11 of the Plan is hereby amended by adding the following sentence to the end thereof:
	 
	 	 	Any adjustment pursuant to this Section 11 shall be made in accordance with the
requirements of Section 409A of the Code, to the extent applicable.

 

 

	5.	 	Section 16 of the Plan is hereby amended by adding the following sentence to the end thereof:
	 
	 	 	Any modification pursuant to this Section 16 shall be made in accordance with the
requirements of Section 409A of the Code, to the extent applicable.

	6.	 	Section 18(a) of the Plan is hereby amended by adding the following sentence to the end thereof:
	 
	 	 	If the Company cannnot issue the shares of Common Stock due to the application of
this Section 18(a), the Company shall issue the shares at the earliest date on which
the Company reasonably anticipates that the issuance of shares will not cause a
violation of the relevant provisions of law.

     IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed by its duly
authorized officer effective as of the date first set forth above.

	 	 	 	 	 	 	 
	 	 	CAMCO FINANCIAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 

	 	 

-2-EX-10(XXI)

Exhibit xxi

FIRST AMENDMENT TO

CAMCO FINANCIAL CORPORATION

2002 EQUITY INCENTIVE PLAN

     This First Amendment to the Camco Financial Corporation 2002 Equity Incentive Plan (“Plan”) is
effective as of this 30th day of December, 2008.

RECITALS

     WHEREAS, Camco Financial Corporation, a Delaware corporation (the “Company”), previously
adopted the Plan; and

     WHEREAS, the Company may amend the Plan from time to time without the consent of Participants
(as defined in the Plan); and

     WHEREAS, the Company desires to amend the Plan for the purpose of complying with Section 409A
of the Internal Revenue Code.

AMENDMENT

     NOW, THEREFORE, the Company hereby amends the Plan as follows:

	1.	 	Section 1.8(iii) of the Plan is hereby deleted in its entirety and is replaced with the
following

(iii) If the Common Shares are not actively traded on an national securities
exchange or quoted on The Nasdaq Stock Market, the Fair Market Value of an Incentive
Stock Option shall be as determined by the Committee.

	2.	 	New Section 1.8(iv) is hereby added to the Plan as follows:

(iv) If the Common Shares are not readily tradable on an established securities
exchange (within the meaning of Section 409A of the Code), the Fair Market Value of
a Nonqualified Stock Option shall be determined by the Committee, through the
reasonable application of a reasonable valuation method, taking into account all
information material to the value of the Company, that satisfies the requirements of
Section 409A of the Code.

	3.	 	Article XII of the Plan is hereby amended by adding the following sentence to the end
thereof:
	 
	 	 	Any adjustment pursuant to this Article XII shall be made in accordance with the
requirements of Section 409A of the Code, to the extent applicable.

[signature page attached]

 

 

     IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed by its duly
authorized officer effective as of the date first set forth above.

	 	 	 	 	 	 	 
	 	 	CAMCO FINANCIAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 

	 	 

-2-EX-10.XXII

Exhibit 10(xxii)

SECOND AMENDMENT TO

CHANGE OF CONTROL AGREEMENT

     THIS FIRST AMENDMENT to the Change of Control agreement dated as of November 14, 2008
(“Agreement”) by and between Camco Financial Corporation, a Delaware [corporation] (“Camco”), and
                     (“Employee”).

RECITALS

     WHEREAS, Camco and the Employee previously entered into the Agreement for the purposes
described therein; and

     WHEREAS, Camco and the Employee desire to amend the Agreement as set forth herein for the
purpose of complying with the requirements of Section 409A of the Internal Revenue Code of 1986, as
amended.

AMENDMENT

     NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Camco and the
Employee agree as follows:

1. Section 2(a)(i) of the Agreement is hereby deleted in its entirety and the following shall be
substituted therefor:

(i) Camco shall promptly, but in no event more than 60 days following the Employee’s
date of termination, pay to the Employee or to his beneficiaries, dependents or
estate an amount equal to one (___) times the Employee’s annual compensation as most
recently set prior to the occurrence of the Change of Control.

2. Section 2(a)(ii) of the Agreement is hereby amended by adding the following to the end thereof:

Notwithstanding the foregoing, any amounts or benefits that will be paid or provided
under this Section 2(a)(ii) after completion of the time period described in
Treasury Regulation §1.409A-1(b)(9)(v)(B) shall be subject to the following
requirements: (i) the amount of expenses eligible for reimbursement or benefits
provided during any taxable year of the Employee may not affect the expenses
eligible for reimbursement or benefits to be provided in any other taxable year of
the Employee; (ii) any reimbursement of an eligible expense shall be made on or
before the last day of the taxable year of the Employee following the taxable year
of the Employee in which the expense was incurred; and (iii) the right to such
reimbursement or benefit may not be subject to liquidation or exchange for another
benefit.

 

 

3. Section 2 of the Agreement is hereby amended by adding the following to the end thereof:

For purposes of this Agreement, any reference to the Employee’s “termination” or
“termination of employment” shall mean the Employee’s “separation from service”,
within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended
(“Code”) from Camco and all entities with whom Camco would be considered a single
employer under Sections 414(b) and (c) of the Code.

4. Section 2(b) of the Agreement is hereby amended by deleted the last sentence thereof and
substituting the following therefor:

Any reduction in payments necessary to comply with the requirements of this
Agreement relating to the limitations of Section 280G or applicable regulatory
limits shall be made in accordance with Section 409A of the Code.

5. Section 2(e) of the Agreement is hereby deleted in its entirety and the following is
substituted therefor:

     (e) Definition of “Change of Control”. A “Change of Control” shall
mean any one of the following events: (a) the acquisition by any person (as defined
under Section 409A of the Code), or more than one person acting as a group (as
defined under Section 409A of the Code), of shares of Camco that, together with the
 shares of Camco held by such person or group, constitutes more than 50 percent of
the total fair market value or total voting power of all of the shares of Camco; (b)
the acquisition by any person, or more than one person acting as a group, within any
12-month period, of shares of Camco possessing 30 percent or more of the total
voting power of all of the shares of Camco; (c) a majority of the members of the
Board of Directors of Camco is replaced during any 12-month period by directors
whose appointment or election is not endorsed by a majority of the members of the
Board of Directors of Camco prior to the date of the appointment or election; or (d)
the acquisition by any person, or more than one person acting as a group, within any
12-month period, of assets from Camco that have a total gross fair market value
equal to or more than 40 percent of the total gross fair market value of all of the
assets of Camco immediately prior to such acquisition or acquisitions. This
definition of Change of Control shall be interpreted in a manner that is consistent
with the definition of “change in control event” under Section 409A of the Code.

6. New Section 5(f) is hereby added to the Agreement as follows:

     (f) Payment Delay for Specified Employees. Notwithstanding anything in
this Agreement to the contrary, if the Employee is a “specified employee” (within
the meaning of Section 409A of the Code and as determined under Camco’s policy for
determining specified employees), on the Employee’s date of termination and the
Employee is entitled to a payment and/or a benefit under this Agreement that is
required to be delayed pursuant to Section

-2-

 

409A(a)(2)(B)(i) of the Code, then such payment or benefit, as the case may be,
shall not be paid or provided (or begin to be paid or provided) until the first
business day of the seventh month following the date of the Employee’s termination
of employment (or, if earlier, the date of the Employee’s death). The first payment
that can be made to the Employee following such postponement period shall include
the cumulative amount of any payments or benefits that could not be paid or provided
during such postponement period due to the application of Section 409A(a)(2)(B)(i)
of the Code.

7. New Section 14 is hereby added to the Agreement as follows:

This Agreement is intended to comply with the requirements of Section 409A of the
Code, and, to the maximum extent permitted by law, shall be interpreted, construed
and administered consistent with this intent. Neither Camco nor any other person
shall have liability in the event this Agreement fails to comply with the
requirements of Section 409A of the Code. Nothing in this Agreement shall be
construed as the guarantee of any particular tax treatment to the Employee.

     IN WITNESS WHEREOF, the parties have adopted this Second Amendment effective as of the
date first set forth above.

	 	 	 	 	 	 	 
	CAMCO FINANCIAL CORPORATION	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Employee
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 

	 	 	 	 
	 
	 	 	 	 	 	 
	Its:
	 	 	 	 	 	 
	 

	 	 

	 	 	 	 

-3-

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