Document:

2007 Business Unit Management Incentive Plan

 Exhibit 10.1 
 Macrovision Corporation 
 2007 Business Unit Management Incentive Plan 
 I. INTRODUCTION 
 a. The Objective of the 2007 Business Unit
Management Incentive Plan (the “Plan”) is to (i) enhance stockholder value by promoting strong linkages between executive contributions and company performance; (ii) support achievement of the business objectives of Macrovision
Corporation and its subsidiaries (the “Company”); and (iii) promote retention of participating employees of the Company. 
 b.
Participants: This plan applies solely to (i) the senior executives reporting directly to the Chief Executive Officer in charge of the Distribution and Commerce, Entertainment, Embedded Solutions and Software Business Units (each a
“Business Unit”), and (ii) the persons listed on Schedule B hereto who are assigned to support a specific Business Unit. Employees otherwise participating in the Sales Compensation Plan Fiscal 2007 or the 2007 Services bonus plan of
Macrovision Corporation and its subsidiaries are not eligible for the Plan. 
 c. Effective Date: This Plan is effective for the second half of fiscal
year 2007, beginning July 1, 2007 through December 31, 2007. This Plan is limited in time and expires automatically on December 31, 2007. All benefits under this Plan are voluntary benefits. Participation in this Plan during fiscal
year 2007 does not convey any entitlement to participate in this or future plans or to the same or similar bonus payment benefits. 
 d. Changes in the
Plan: The Company presently has no plans to change the Plan during the fiscal year. However, this plan is a voluntary benefit provided by the Company and by virtue of the fact that bonuses are not a contractual entitlement and are paid at the
sole discretion of the Company, the Company reserves the right to modify the Plan, in total or in part, at any time. Any such change must be in writing and approved by the Compensation Committee of the Board of Directors. The Compensation Committee
of the Board of Directors and Plan implementers (CEO, CFO and EVP, Human Resources) reserve the right to interpret the Plan document as needed and such interpretations shall be final, conclusive and binding on all persons, and shall be given the
maximum deference permitted by law. 
 e. Entire Agreement: This Plan is the entire agreement between the Company and the employee regarding the
subject matter of this Plan and supersedes all prior bonus or commission incentive plans (including but not limited to the 2007 Senior Executive Company Incentive Plan, the 2007 Company Incentive Plan, the Sales Compensation Plan Fiscal 2007 and the
2007 Services bonus plan) with respect to the second half of fiscal year 2007, whether with Macrovision or any subsidiary or affiliate thereof, or any written or verbal representations regarding the subject matter of this Plan. 
  

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 II. ELIGIBILITY AND INCENTIVE PLAN ELEMENTS 
 a. Eligibility: The participants are eligible for the incentive payout if they meet the following requirements: 
  

	 	•	 	 Except as otherwise explicitly set forth in the Participant’s Incentive Target Percentage Schedule (as defined in Section II below), are not currently on a
sales incentive or commission plan or any other significant form of variable compensation (such as a services bonus plan) 

  

	 	•	 	 Have a performance rating of Needs Development or above 

  

	 	•	 	 Do not have a performance rating of Unsatisfactory at the time of calculation 

  

	 	•	 	 Are not on a performance improvement plan at the time of calculation 

  

	 	•	 	 Have not received a written notice of warning or other disciplinary action during the year that remains in effect at the time of calculation

 AND 
 The participant must be
employed in an incentive-eligible position on or before the first working day of the last fiscal quarter of fiscal year 2007 and must be employed by the Company on the day the bonus is paid to be eligible for a 2007 incentive payment. Participants
may expect to receive their 2007 incentive payment on or about March 15, 2008. Participants in the Plan with less than one year of service will be eligible for a prorated incentive amount as set forth in Proration Factor below. In no event will
any individual accrue any right or entitlement to any incentive under this Plan unless that individual is employed by the Company on the day the bonus is paid. 
 Any exception to the above must be approved in writing by the Company’s Compensation Committee. 
 b. The Annual Base Salary in effect
at the end of the fiscal year represents the basis for the incentive calculation. Nothing in the Plan, or arising as a result of a Participant’s participation in the Plan, shall prevent the Company from changing a Participant’s Annual Base
Salary at any time based on such factors as the Company in its sole discretion determines appropriate. 
 c. Business Unit Performance Factor is based
upon the Participant’s Business Unit achieving an established worldwide revenue target and a worldwide contribution profit target for the second half of 2007 per the 2007 second half Business Unit operating plan approved by the Board of
Directors of the Company. The applicable targets for the second half of fiscal year 2007 can be amended by the Compensation Committee of the Board of Directors at any time during the fiscal year. Notwithstanding anything to the contrary contained
herein, the Compensation Committee has the discretion to determine to pay less than the full amount (including to pay zero percent) of 

  

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the payout to which any Participant would otherwise be entitled, which determination shall be based upon such factors as the Compensation Committee
determines appropriate (including without limitation as a result of the Company’s, Business Unit’s or a Participant’s failing to achieve one or more objectives with respect to the fiscal year). When the revenue and contribution profit
percentages fall between the stated percentages on the matrix, the Business Unit Performance Factor will be determined using a straight-line interpolation approach. If the Business Unit (a) exceeds 120% of Revenue and/or 140% of Contribution
Profit or (b) does not achieve 85% of Revenue and/or 85% of Contribution Profit, the Business Unit Performance Factor will be determined using a straight-line extrapolation approach, provided however that the Business Unit Performance
Factor may be modified at the sole discretion of the Compensation Committee of the Board of Directors for any reason, including in the event that such Business Unit performance is due to an extraordinary or exceptional circumstance. 
  

																					
	Revenue as a % of Goal	 	120%	  	.70	 	 	1.00	 	 	1.20	 	 	1.50	 	 	1.75	 	 	2.00	 
		 	115%	  	.70	 	 	1.00	 	 	1.18	 	 	1.44	 	 	1.68	 	 	1.94	 
		 	110%	  	.70	 	 	1.00	 	 	1.16	 	 	1.38	 	 	1.61	 	 	1.88	 
		 	105%	  	.70	 	 	1.00	 	 	1.14	 	 	1.32	 	 	1.54	 	 	1.82	 
		 	100%	  	.65	 	 	1.00	 	 	1.12	 	 	1.26	 	 	1.47	 	 	1.76	 
		 	85%	  	.50	 	 	0.90	 	 	1.10	 	 	1.20	 	 	1.40	 	 	1.70	 
		 		  	85	%	 	100	%	 	110	%	 	120	%	 	130	%	 	140	%

 Contribution Profit as a % of Goal 
  

			
	Example:	  	Business Unit Performance
		  	Actual Revenue is 110% of Goal
		  	Actual Contribution Profit is 120% of Goal
		
		  	Business Unit Performance Factor = 1.38

 d. Incentive Target Percentage is a percentage level of base salary determined by the employee’s
position. These targets will be weighted by company, business unit and individual performance and customer satisfaction performance, with a greater incentive percentage weighted toward company and business unit performance the higher the position in
the Company, and will be set forth in an Incentive Target Percentage Schedule for each Participant in substantially the form attached hereto as Schedule A. 
 e. Individual Performance Factor (“IPF”) is based upon the manager’s evaluation of performance and contribution for the fiscal year. As a Factor to the incentive target for the position, this factor can range from 0 to
150%. 
 f. Macrovision Corporation Performance Factor is based upon the Company achieving an established worldwide revenue target and a worldwide
operating 
  

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 profit target per the 2007 operating plan approved by the Board of Directors of the Company. The applicable targets for
fiscal year 2007 can be amended by the Compensation Committee of the Board of Directors at any time during the fiscal year. Notwithstanding anything to the contrary contained herein, the Compensation Committee has the discretion to determine to pay
less than the full amount (including to pay zero percent) of the payout to which any Participant would otherwise be entitled, which determination shall be based upon such factors as the Compensation Committee determines appropriate (including
without limitation as a result of the Company’s or a Participant’s failing to achieve one or more objectives with respect to the fiscal year). When the Revenue and operating profit percentages fall between the stated percentages on the
matrix, the Performance Factor will be determined using a straight-line interpolation approach. If the Company (a) exceeds 120% of Revenue and/or 140% of Operating Profit or (b) does not achieve 85% of Revenue and/or 85% of Operating
Profit, the Company Performance Factor will be determined using a straight-line extrapolation approach, provided however that the Company Performance factor may be modified at the sole discretion of the Compensation Committee of the Board of
Directors for any reason, including in the event that such Company Performance is due to an extraordinary or exceptional circumstance. 
  

																					
	 Revenue as a % of Goal
	 	120%	 	.70	 	 	1.00	 	 	1.20	 	 	1.50	 	 	1.75	 	 	2.00	 
		 	115%	 	.70	 	 	1.00	 	 	1.18	 	 	1.44	 	 	1.68	 	 	1.94	 
		 	110%	 	.70	 	 	1.00	 	 	1.16	 	 	1.38	 	 	1.61	 	 	1.88	 
		 	105%	 	.70	 	 	1.00	 	 	1.14	 	 	1.32	 	 	1.54	 	 	1.82	 
		 	100%	 	.65	 	 	1.00	 	 	1.12	 	 	1.26	 	 	1.47	 	 	1.76	 
		 	85%	 	.50	 	 	0.90	 	 	1.10	 	 	1.20	 	 	1.40	 	 	1.70	 
		 		 	85	%	 	100	%	 	110	%	 	120	%	 	130	%	 	140	%

 Operating Profit as a % of Goal 
  

			
	Example:	  	Macrovision Corporation Performance
		  	Actual Revenue is 110% of Goal
		  	Actual Operating Profit is 120% of Goal
		
		  	Macrovision Corporation Performance Factor = 1.38

 g. Customer Satisfaction Factor: The Customer Satisfaction Factor is based upon an improvement against the
Company’s 2006 Customer Satisfaction Survey Score. Depending upon the amount of improvement in such Score, the Customer Satisfaction Factor will represent up to 5% of the Incentive Target Percentage at target. 
 h. Transfers and Terminations: Any employee who is a participant in the Plan and who transfers to a new position not governed by this Plan will be eligible on a
pro-rata basis for the applicable period and paid as defined by the Plan. Employees who transfer into the Plan from another plan will be subject to proration as well, and 
  

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 consequently will be eligible to receive an incentive payment based on their participation in this Plan during fiscal
year 2007 applying the Proation Factors referred to below. Payments from the Plan are subject to reduction by advances, unearned commission advances, draws or prorations and appropriate withholdings. Any exceptions to the Plan must be in writing and
approved by the Compensation Committee. 
 A participant must be employed as of the day the bonus is paid to be eligible for the year-end incentive. If an
employee terminates prior to the date the bonus is paid, the employee will not be eligible for such incentive payment. 
 i. Proration Factor accounts
for the number of calendar days during the second half of the fiscal year that the employee is in the incentive-eligible position. For example, the proration factor for an employee who has been on the Plan the entire second half of the year will be
1.00. For an employee who has been on the plan for 3 months, the factor will be 0.50. Employees in the following situations will have a Proration Factor of less than 1.00: 
  

	 	•	 	 Participants in the Plan who transferred to a new position not covered by the Plan 

  

	 	•	 	 Employees who transferred from one incentive-eligible position to another incentive-eligible position. Employees in this situation will have their incentive
prorated based on the length of time in each position. 

  

	 	•	 	 Employees who have been in the Plan less than 6 months (such as a new hire) 

  

	 	•	 	 Employees who have been on a leave of absence of any length during the second half of the fiscal year 

  

	 	•	 	 Employees working less than the full time standard work week will receive an incentive prorated according to the following schedule: 

 

			
	 Hours Worked
	 	 Incentive Eligibility

	Less than full time > half time as defined by standard work week	 	Prorated according to the average number of hours worked
	Less than half time of standard work week	 	Not incentive eligible

 Any modification to the above schedule must be approved by the Chief Executive Officer, the Chief Financial
Officer and Human Resources in advance of the year end close date. 
 III. PRACTICES AND PROCEDURES 
  

	a.	Procedure: 

 • A copy of the
Plan will be made available to each participant. 
 • All incentive payments will be made after all required or elected
withholdings have been deducted. 
  

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 b. Governing Law: This Plan is governed by the law of California and the parties hereby submit to the exclusive
jurisdiction of the County of Santa Clara, California courts. 
  

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 SCHEDULE A 
 INCENTIVE TARGET PERCENTAGE SCHEDULE 
  

															
	 Position
	  	Target
as % of
Base
Salary	 	Corporate
Revenue
Component	 	Corporate
Operating
Profit
Component	 	Business Unit
Revenue
Component	 	Business Unit
Contribution
Profit
Component	 	Individual
Performance	 	Customer
Satisfaction
	 Name, Title
	  	XX%	 	XX%	 	XX%	 	XX%	 	XX%	 	XX%	 	XX%

  

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 SCHEDULE B 
 LIST OF INDIVIDUALS ASSIGNED TO SUPPORT SPECIFIC BUSINESS UNITS 
  

															
	 Position
	  	Target
as % of
Base
Salary	 	Corporate
Revenue
Component	 	Corporate
Operating
Profit
Component	 	Business Unit
Revenue
Component	 	Business Unit
Contribution
Profit
Component	 	Individual
Performance	 	Customer
Satisfaction
	 Name, Title
	  	XX%	 	XX%	 	XX%	 	XX%	 	XX%	 	XX%	 	XX%

  

 8Exhibit 10.2

 Exhibit 10.2 
 THE LA PORTE SAVINGS BANK 
 SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT 
 THIS AGREEMENT is adopted this 1st day of August, 2002, by and between THE LA PORTE SAVINGS BANK, a state-chartered savings bank located in La Porte, Indiana (the “Company”), and
                     (the “Executive”). 
 INTRODUCTION 
 To encourage the Executive to remain an employee of the Company, the Company is
willing to provide supplemental retirement benefits to the Executive. The Company will pay the benefits from its general assets. 
 AGREEMENT 
 The Company and the Executive agree as follows: 
 Article 1 
 Definitions 
 Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 
 1.1 “Base Annual Salary” means the regular base annual salary in effect at the Executive’s Normal Retirement Date determined
without regard to any items of variable or other compensation, including, but not limited to, bonuses, awards, special payments, commissions and incentive pay. 
 1.2 “Beneficiary” means the beneficiary designated by the Executive pursuant to Section 4.1. 
 1.3 “Change of Control” means any conversion of the Company from a mutual savings bank to a stock based company followed within twelve (12) months by the Executive’s Involuntary Termination of Employment for
reasons other than death, Disability, retirement, or a Termination for Cause. 
 1.4 “Code” means the Internal Revenue Code
of 1986, as amended. 
 1.5 “Disability” means the Executive’s suffering a sickness, accident or injury which has been
determined by the carrier of any individual or group disability insurance policy covering the Executive, or by the Social Security Administration, to be a disability rendering the Executive totally and permanently disabled. The Executive must submit
proof to the Company of the carrier’s or Social Security Administration’s determination upon the request of the Company. 

 1.6 “Early Retirement” means the Executive’s Termination of Employment after
attaining his Early Retirement Age but prior to attaining his Normal Retirement Age. 
 1.7 “Early Retirement Age” means the Executive’s 62nd birthday. 
 1.8 “Early Retirement Date” means the month, day and year in which Early Retirement occurs. 
 1.9 “Early Termination” means the Termination of Employment before Early Retirement Age for reasons other than death, Disability,
Termination for Cause or following a Change of Control. 
 1.10 “Early Termination Date” means the month, day and year in
which Early Termination occurs. 
 1.11 “Effective Date” means August 1, 2002. 
 1.12 “ERISA” means the Employee Retirement Income Security Act of 1974 as amended from time to time. 
 1.13 “Involuntary Early Termination” means that the Executive, prior to Normal Retirement Age, has been notified in writing, that
employment with the Company is terminated for reasons other than an approved leave of absence, Termination for Cause, death, Disability, Change of Control or Voluntary Early Termination. 
 1.14 “SERP Benefit” means any benefit described in Article 2 of this Agreement that is payable to the Executive while the Executive is
living. 
 1.15 “Normal Retirement Age” means the Executive’s
65th birthday. 
 1.16 “Normal Retirement Date” means the month, day and year in which the Executive attains his Normal Retirement Age, or, if later, the effective date of the Executive’s Termination of Employment. 
 1.17 “Plan Year” means a twelve-month period commencing on January 1 and ending on the following December 31 of each year. The
initial Plan Year shall commence on the effective date of this Agreement. 
 1.18 “Termination for Cause” means that phrase
as defined in Article 5. 
 1.19 “Termination of Employment” means that the Executive ceases to be employed by the Company
for any reason, voluntary or involuntary, other than by reason of death or a leave of absence approved by the Company. 
 1.20
“Voluntary Early Termination” means that the Executive, prior to Normal Retirement Age, has terminated employment with the Company for reasons other than Termination for Cause, death, Disability, Change of Control or Involuntary
Early Termination. 
  

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 1.21 “Years of Service” means the total number of years of “vesting service”
attributable to the Executive under The Savings Plan for Employees of The La Porte Savings Bank or any successor tax-qualifying retirement plan thereto (without regard to whether or not the Executive is fully vested under such plan) beginning on the
Executive’s date of hire with the Company. For purposes of this Agreement, Years of Service in excess of twenty (20) shall be disregarded 
 Article 2 
 SERP Benefits 
 Except as provided in Article 5 or elsewhere herein, the following SERP Benefits are available under the Agreement: 
 2.1 Normal Retirement Benefit. Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any
other benefit under this Agreement. 
 2.1.1 Amount of Benefit. The annual benefit under this Section 2.1 shall be
determined using the following formula: 
 2 percent of the Executive’s Base Annual Salary 
 multiplied by 
 number of Years of Service (not
to exceed 20) 
 For example, an Executive with 20 Years of Service and a final salary of $150,000 would receive an annual benefit of $60,000
((2% x $150,000) x 20 years = $60,000). 
 2.1.2 Payment of Benefit. The Company shall pay the annual benefit to the
Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date. The annual benefit shall be paid to the Executive for a period of 15 years, after which the Company’s obligations under
this Agreement shall lapse and forever expire. 
 2.2 Early Retirement Benefit. Upon Early Retirement, the Company shall pay to the
Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Agreement. 
 2.2.1 Amount
of Benefit. The benefit under this Section 2.2 is an amount equal to the “Accrual Balance” determined as of the Company’s fiscal year end immediately preceding the Executive’s Early Retirement Date, as set forth on
Schedule A, attached hereto and incorporated by reference herein, and as revised and updated by the Company from time to time. 
 2.2.2 Payment of Benefit. The Company shall pay the benefit to the Executive by calculating a fixed annuity payable in 180 equal monthly installments, determined as of the Company’s fiscal year end immediately preceding the
Executive’s Early Retirement Date, as set forth on Schedule A, attached hereto and incorporated by reference herein, and as revised 

  

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and updated by the Company from time to time. The monthly installments shall be payable on the first day of each month commencing with the month following
Termination of Employment. 
 2.3 Voluntary Early Termination Benefit. Upon Voluntary Early Termination, the Company shall pay to the
Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement. 
 2.3.1 Amount
of Benefit. The benefit under this Section 2.3 is an amount equal to the “Accrual Balance” determined as of the Company’s fiscal year end immediately preceding the Executive’s Early Termination Date, as set forth on
Schedule A, attached hereto and incorporated by reference herein, and as revised and updated by the Company from time to time. 
 2.3.2 Payment of Benefit. The Company shall pay the benefit to the Executive by calculating a fixed annuity payable in 180 equal monthly installments, determined as of the Company’s fiscal year end immediately preceding the
Executive’s Early Termination Date, as set forth on Schedule A, attached hereto and incorporated by reference herein, and as revised and updated by the Company from time to time. The monthly installments shall be payable on the first day
of each month commencing with the month following Normal Retirement Age. 
 2.4 Involuntary Early Termination Benefit. Upon
Involuntary Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement. 
 2.4.1 Amount of Benefit. The benefit under this Section 2.4 is an amount equal to the “Accrual Balance” determined
as of the Company’s fiscal year end immediately preceding the Executive’s Early Termination Date, as set forth on Schedule A, attached hereto and incorporated by reference herein, and as revised and updated by the Company from time to
time. 
 2.4.2 Payment of Benefit. The Company shall pay the benefit to the Executive by calculating a fixed annuity
payable in 180 equal monthly installments, determined as of the Company’s fiscal year end immediately preceding the Executive’s Early Termination Date, as set forth on Schedule A, attached hereto and incorporated by reference herein, and
as revised and updated by the Company from time to time. The monthly installments shall be payable on the first day of each month commencing with the month following Termination of Employment. 
 2.5 Disability Benefit. If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the
Executive the benefit described in this Section 2.5 in lieu of any other benefit under this Agreement. 
 2.5.1 Amount
of Benefit. The benefit under this Section 2.5 is an amount equal to the “Accrual Balance” determined as of the Company’s fiscal year end immediately 

  

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preceding the effective date of the Executive’s Termination of Employment resulting from such Disability, as set forth on Schedule A, attached hereto
and incorporated by reference herein, and as revised and updated by the Company from time to time. 
 2.5.2 Payment of
Benefit. The Company shall pay the benefit to the Executive by calculating a fixed annuity payable in 180 equal monthly installments, determined as of the Company’s fiscal year end immediately preceding the effective date of the
Executive’s Termination of Employment resulting from such Disability, as set forth on Schedule A, attached hereto and incorporated by reference herein, and as revised and updated by the Company from time to time. The monthly installments shall
be payable on the first day of each month commencing with the month following Normal Retirement Age. 
 2.6 Change of Control Benefit.
Upon a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.6 in lieu of any other benefit under this Agreement. 
 2.6.1 Amount of Benefit. The benefit under this Section 2.6 is an amount equal to the “Accrual Balance” projected to
Normal Retirement Age, as set forth on Schedule A, attached hereto and incorporated by reference herein, and as revised and updated by the Company from time to time. 
 2.6.2 Payment of Benefit. The Company shall pay the benefit to the Executive in a single lump sum payment within 60 days following
Termination of Employment. Alternatively, at the option of the Executive, the payment may be paid over 60 months with interest paid monthly on the unpaid balance at the national prime rate in effect on the day of the interest payment. 
 Article 3 
 Death Benefits

 3.1 Death During Active Service. If the Executive dies while in the active service of the Company, no benefit shall be payable
under this Agreement and the only benefit payable shall be that benefit described in The La Porte Savings Bank Split Dollar Agreement and Endorsement(s) dated
                             between the Executive and the Company and payable to the beneficiary
designated therein. Nothing herein negates the Company’s rights to amend or terminate this Agreement in accordance with Article 7. Additionally, nothing herein negates the Company’s rights to amend or terminate the Split Dollar Agreement
under Article 7 of that agreement. 
 3.2 Death During Payment of a SERP Benefit. If the Executive dies after any SERP Benefit
payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive’s Beneficiary at the same time and in the same amounts they would have been paid to the Executive
had the Executive survived; provided, however, that the Company reserves the right to accelerate or prepay, in full or in part, the payment of the SERP Benefit in this instance. 
 3.3 Death After Termination of Employment But Before Payment of a SERP Benefit Commences. If the Executive is entitled to a SERP Benefit under
this Agreement, but dies prior to 

  

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the commencement of said SERP Benefit payments, the Company shall pay the same benefit payments to the Executive’s Beneficiary that the Executive was
entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive’s death; provided, however, that the Company reserves the right to accelerate or prepay, in full or in
part, the payment of the SERP Benefit in this instance. 
 Article 4 
 Beneficiaries 
 4.1 Beneficiary Designations. The Executive shall
designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and
received by the Company during the Executive’s lifetime. The Executive’s beneficiary designation shall be deemed automatically revoked if the primary and all contingent beneficiaries predecease the Executive. If the Executive dies without
a valid beneficiary designation, all payments shall be made to the Executive’s estate. 
 4.2 Facility of Payment. If a benefit
is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such
minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all
liability with respect to such benefit. 
 Article 5 
 General Limitations 
 5.1 Termination for Cause. Notwithstanding any provision of this
Agreement to the contrary, the Company shall not pay any benefit under this Agreement and shall cease the payment of any future benefits (with the right to recover amounts previously paid to the Executive under this Agreement) if the Company
terminates the Executive’s employment for, or if the Executive retires or voluntarily terminates employment with the Company in anticipation of the Company’s termination of the employment of the Executive for: 
 (a) Gross negligence in the performance of his duties for the Company or gross neglect of duties for the Company; 
 (b) Commission of a felony or of a gross misdemeanor involving moral turpitude or a plea of nolo contender thereof; or 
 (c) Fraud, disloyalty, dishonesty or willful violation of any law or significant Company policy committed in connection with the
Executive’s employment and resulting in an adverse effect on the Company. 
  

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 5.2 Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the
Executive commits suicide within two years after the Effective Date of this Agreement. In addition, the Company shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on an employment application
or resume provided to the Company, or on any application for any benefits provided by the Company to the Executive. 
 5.3 Competition
After Termination of Employment. The Company shall not pay any benefit under this Agreement and shall cease the payment of future benefits (with the right to recover amounts previously paid to the Executive under this Agreement) if the
Executive, within twelve (12) months following his Termination of Employment and without the prior written consent of the Company, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership,
as a shareholder in a corporation or an owner of equity of any other entity (excepting ownership of five percent (5%) or less of a publicly traded company on an established securities exchange), or becomes associated with, in the capacity of
employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with
any business carried on by the Company as of the date of termination of the Executive’s employment or retirement. This section 5.3 shall not apply following a Change of Control. 
 Article 6 
 Claims and Review Procedures 
 6.1 Claims Procedure. An Executive or Beneficiary (“claimant”) who has not received benefits under the Agreement that he or she believes
should be paid shall make a claim for such benefits as follows: 
 6.1.1 Initiation – Written Claim. The claimant
initiates a claim by submitting to the Company’s Human Resource Manager a written claim for the benefits. 
 6.1.2
Timing of Company Response. The Company shall respond to such claimant within 90 days after receiving the claim. If the Company determines that special circumstances require additional time for processing the claim, the Company can extend the
response period by an additional 90 days by notifying the claimant in writing, prior to the end of the initial 90-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by
which the Company expects to render its decision. 
 6.1.3 Notice of Decision. If the Company denies part or all of the
claim, the Company shall notify the claimant in writing of such denial. The Company shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) The specific reasons for the denial; 
  

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 (b) A reference to the specific provisions of the Agreement on which the denial is based;

 (c) A description of any additional information or material necessary for the claimant to perfect the claim and an
explanation of why it is needed; 
 (d) An explanation of the Agreement’s review procedures and the time limits
applicable to such procedures; and 
 (e) A statement of the claimant’s right to bring a civil action under ERISA
Section 502(a) following an adverse benefit determination on review. 
 6.2 Review Procedure. If the Company denies part or all
of the claim, the claimant shall have the opportunity for a full and fair review by the Company of the denial, as follows: 
 6.2.1 Initiation – Written Request. To initiate the review, the claimant, within 60 days after receiving the Company’s notice of denial, must file with the Company’s Human Resource Manager a written request for review.

 6.2.2 Additional Submissions – Information Access. The claimant shall then have the opportunity to submit
written comments, documents, records and other information relating to the claim. The Company shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information
relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits. 
 6.2.3 Considerations on
Review. In considering the review, the Company shall take into account all materials and information the claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit
determination. 
 6.2.4 Timing of Company Response. The Company shall respond in writing to such claimant within 60
days after receiving the request for review. If the Company determines that special circumstances require additional time for processing the claim, the Company can extend the response period by an additional 60 days by notifying the claimant in
writing, prior to the end of the initial 60-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Company expects to render its decision. 
 6.2.5 Notice of Decision. The Company shall notify the claimant in writing of its decision on review. The Company shall write the
notification in a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) The specific
reasons for the denial; 
 (b) A reference to the specific provisions of the Agreement on which the denial is based;

  

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 (c) A statement that the claimant is entitled to receive, upon request and free of
charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits; and 
 (d) A statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 
 Article 7 
 Amendments and
Termination 
 Except as provided under Article 5, Termination for Cause, this Agreement may be amended or terminated only by a written
agreement signed by the Company and the Executive. 
 Notwithstanding the previous paragraph in this Article 7, the Company may amend or
terminate this Agreement at any time if, pursuant to legislative, judicial or regulatory action, continuation of the Agreement would (i) cause benefits to be taxable to the Executive prior to actual receipt, or (ii) result in significant
financial penalties or other significantly detrimental ramifications to the Company (other than the financial impact of paying the benefits). 
 Article 8 
 Miscellaneous 
 8.1 Binding Effect. This Agreement shall bind the Executive and the Company, and their beneficiaries, survivors, executors, successors, administrators and transferees. 
 8.2 No Guarantee of Employment. This Agreement is not an employment policy or contract. It does not give the Executive the right to remain an
employee of the Company, nor does it interfere with the Company’s right to discharge the Executive. It also does not require the Executive to remain an employee nor interfere with the Executive’s right to terminate employment at any time.

 8.3 Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in
any manner. 
 8.4 Reorganization. The Company shall not merge or consolidate into or with another company, or reorganize, or sell
substantially all of its assets to another company, firm, or person unless such succeeding or continuing company, firm, or person agrees to assume and discharge the obligations of the Company under this Agreement. Upon the occurrence of such event,
the term “Company” as used in this Agreement shall be deemed to refer to the successor or survivor company. 
 8.5 Tax
Withholding. The Executive hereby authorizes and the Company shall withhold any taxes that are required to be withheld from the benefits provided under this Agreement or from any other amounts payable by the Company to the Executive including
salary or other payments. 
  

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 8.6 Applicable Law. The Agreement is intended to be a “top hat” plan within the meaning
of 29 C.F.R. Section 2520.104-23 and shall be administered in accordance therewith. The Agreement and all rights hereunder shall be governed by the laws of the State of Indiana, except to the extent preempted by the laws of the United States of
America, including, but not limited to ERISA. 
 8.7 Unfunded Arrangement. The Executive and Beneficiary are general unsecured
creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive’s life is a general asset of the Company to which the Executive and Beneficiary have no preferred or secured claim. 
 8.8 Entire Agreement. This Agreement constitutes the entire agreement between the Company and the Executive as to the subject matter hereof. No
rights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. 
 8.9 Administration.
The Compensation Committee of the Company’s Board of Trustees shall have all powers which are necessary to administer this Agreement, including but not limited to: 
 (a) Establishing and revising the method of accounting for the Agreement; 
 (b) Maintaining a record of benefit payments; 
 (c) Establishing rules and prescribing any forms necessary or desirable to administer the Agreement; and 
 (d) Interpreting the provisions of the Agreement, in its sole discretion. 
 8.10 Named Fiduciary. The Company shall be the named fiduciary and plan administrator under this Agreement. It may delegate to others certain
aspects of the management and operational responsibilities including the employment of advisors and the delegation of ministerial duties to qualified individuals. 
 IN WITNESS WHEREOF, the Executive and the Company have signed this Agreement. 
  

											
	EXECUTIVE:	 		 		 	COMPANY:
				
		 		 		 	THE LA PORTE SAVINGS BANK
					
	  	 		 		 	By	 	  
		 		 		 		 	
		 		 		 	Title	 	  

  

 - 10 - 

 BENEFICIARY DESIGNATION 
 THE LA PORTE SAVINGS BANK 
 SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

 I designate the following as Beneficiary of any death benefits under this Agreement: 
  

			
	Primary:	  	  
	
	  
		
	Contingent:	  	  
	
	  
		
		  	

  

	Note:	To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. 

 I understand that I may change these Beneficiary designations by filing a new written designation with the Company. I further understand that the designations will be
automatically revoked if the primary and all contingent beneficiaries predecease me. I understand that this designation supersedes all prior Beneficiary designations submitted by me in reference to the death benefits available under my Supplemental
Executive Retirement Agreement with The La Porte Savings Bank. 
 Signature
                                        

 Date
                                        
         
 Received by the Company this
             day of                     , 2002. 
  

			
	By	 	  
		
	Title	 	  

  

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