Document:

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                                                                   EXHIBIT 10.14

                               OLYMPIC STEEL, INC.
                      EXECUTIVE DEFERRED COMPENSATION PLAN

                          (Effective December 15, 2004)

                                    ARTICLE I
                                  INTRODUCTION

        1.1. Name. The name of this Plan is Olympic Steel, Inc. Executive
Deferred Compensation Plan ("Plan").

        1.2. Effective Date. The effective date of this Plan is December 1,
2004.

        1.3. Purpose. This Plan is established, effective December 1, 2004, by
Olympic Steel, Inc. for the purpose of providing a tax effective opportunity for
a select group of management and/or highly compensated employees of the Employer
(as defined below) to accumulate unfunded deferred compensation and create
future wealth.

        This Plan provides a means whereby an Eligible Employee (as defined
below) may defer payment of a portion of his salary or annual incentive he
otherwise would receive.

        All deferrals under this Plan shall be in the form of unfunded
recordkeeping entries that shall be credited with earnings as specified in this
Plan.

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                                   ARTICLE II
                                   DEFINITIONS

         Whenever the following initially capitalized words and phrases are used
in this Plan, they shall have the meanings specified below unless the context
clearly indicates to the contrary:

         2.1. "Administrator" shall mean Olympic Steel, Inc., an Ohio
corporation, or such individuals or committee of individuals as designated by
the Company to serve in such capacity.

         2.2. "Appeals Committee" shall mean the Appeals Committee established
pursuant to Article

VIII.

         2.3. "Beneficiary" shall mean such person or legal entity as may be
designated by a Participant under Section 5.5 to receive benefits hereunder in
the event of such Participant's death.

2.4. "Change of Control" shall mean, but not be limited to: (a) the
first purchase of shares pursuant to a tender offer or exchange (other than a
tender offer or exchange by the Company and/or any affiliate thereof) for all or
part of the Company's Common Shares of any class or any securities convertible
into such Common Shares and the Participant has elected not to tender or
exchange his Common Shares; (b) the receipt by the Company of a Schedule 13D or
other advice indicating that a person is the "beneficial owner" (as that term is
defined in Rule 13d-3 under the Securities Exchange Act of 1934) of twenty
percent (20%) or more of the Company's Common Shares calculated as provided in
paragraph (d) of said Rule 13d-3; (c) the date of approval by shareholders of
the Company of an agreement providing for any consolidation or merger of the
Company in which the Company will not be the continuing or surviving corporation
or pursuant to which shares of capital stock, of any class or any securities
convertible into such capital stock, of the Company would be converted into
cash, securities, or other property, other than a merger of the Company in which
the holders of common stock of all classes of the Company immediately prior to
the merger would have the same proportion of ownership of common stock of the
surviving corporation immediately after the merger; (d) the date of approval by
shareholders of the Company of any sale, lease, exchange, or other transfer (in
one transaction or a series of related transactions) of all or substantially all
the assets of the Company; (e) the adoption of any plan or proposal for the
liquidation (but not a partial liquidation) or dissolution of the Company; or
(f) the date (the "Measurement Date") on which the individuals who at the
beginning of a two consecutive year period ending on the Measurement Date,
cease, for any reason, to constitute at least a majority of the Board of
Directors of the Company, unless the election, or the nomination for election by
the Company's shareholders, of each new director during such two-year period was
approved by an affirmative vote of the directors (including any Participant)
then still in office who were directors at the beginning of said two-year
period. Notwithstanding the foregoing, (i) if any person's ownership interest in
the Company increases to 20% or more, solely as a result of the Company's
repurchase of its shares, or (ii) Michael D. Siegal increases his ownership
interest to 20% or more, such ownership shall not be considered a Change in
Control for purposes of subparagraph (b) above.

         2.5. "Company" shall mean Olympic Steel, Inc. and any successor
corporation or business organization which shall assume the duties and
obligations of Olympic Steel, Inc., under this Plan.

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         2.6. "Compensation" shall mean the base salary or annual incentive
payable for a Plan Year, before any reduction to such base salary or annual
incentive payment is effected in accordance with the Deferred Compensation
Election Form.

         2.7. "Deferred Compensation Account" shall mean the recordkeeping
account established by the Administrator for each Participant to which the
portion of a Participant's Compensation that is voluntarily deferred pursuant to
Article IV is credited. A Participant shall at all times be fully vested in the
balance of his Deferred Compensation Account.

         2.8. "Deferred Compensation Election Form" shall mean a document(s) or
form(s), as is made available from time to time by the Administrator, whereby an
Eligible Employee enrolls as a Participant and elects to defer Compensation
pursuant to Article IV of this Plan.

         2.9. "Eligible Employee" shall mean an individual actively employed by
the Employer who is a member of a select group of management and/or highly
compensated employees, who have total annual compensation in excess of $125,000,
and who are designated by the Chief Executive Officer of the Company or the
Chief Executive Officer's delegate to be eligible to participate hereunder.

         2.10. "Employer" shall mean the Company or any of its participating
subsidiaries approved by the Board of Directors of the Company.

         2.11. "Participant" shall mean an individual who has amounts standing
to his credit under this Plan, regardless of whether the individual is currently
deferring into this Plan.

         2.12. "Plan Year" shall mean the calendar year.

         2.13. "Plan" shall mean the Olympic Steel, Inc. Executive Deferred
Compensation Plan as set forth in this instrument, and as amended from time to
time.

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ARTICLE III
                       PARTICIPATION BY ELIGIBLE EMPLOYEES

         3.1. Participation. Participation in this Plan is limited to Eligible
Employees. An Eligible Employee shall participate in the Plan as determined by
the Administrator. A Participant who separates from service with the Employer
will cease participation hereunder.

         3.2. Failure to Designate. In the event that the Administrator fails to
designate the group of Eligible Employees who shall be eligible to participate
for any year, each Eligible Employee who was designated in the prior year shall
be deemed to have been designated for the next succeeding Plan Year, provided
that any such employee shall participate for purposes of the next succeeding
Plan Year only if he or she is actively employed by the Employer on the first
day of such succeeding Plan Year and provided he or she is otherwise an Eligible
Employee for such year.

         3.3. Immediate Cash-Out of Ineligible Employee. This Plan is intended
to be an unfunded "top-hat" plan, maintained primarily for the purpose of
providing benefits for a select group of management and/or highly compensated
employees. Accordingly, if the Administrator determines that any Participant
does not qualify as a member of the select group, and his continued
participation jeopardizes the "top-hat" status of the Plan, in the
Administrator's sole discretion, one hundred percent (100%) of such
Participant's Deferred Compensation Account shall be paid to the Participant as
soon as practically possible. Notwithstanding the foregoing, the Administrator
shall not make such payment if it determines that doing so would constitute an
impermissible acceleration under, or otherwise violate or result in adverse tax
consequences under, the American Jobs Creation Act of 2004.

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                                   ARTICLE IV
                              PARTICIPANT DEFERRALS

         4.1. Base Salary Deferral Election. An Eligible Employee may elect to
defer up to ninety percent (90%) of his future base salary by completing and
executing a Deferred Compensation Election Form that specifies the amount of
base salary to be deferred and filing it with the Administrator. Except as
otherwise provided for herein, any election, modification or revocation shall be
effective only for base salary payable in the Plan Year that commences after the
Plan Year that the Administrator receives the Deferred Compensation Election
Form. Any such election, modification or revocation shall be made not later than
the end of the Plan Year that precedes the Plan Year for which it is effective.
No election, modification or revocation is permissible with respect to base
salary paid prior to the execution of a Deferred Compensation Election Form.
With regard to the initial election of an Eligible Employee who first becomes
eligible to participate in this Plan on or after its Effective Date, such
election shall be made within 30 days after the date the Participant first
becomes eligible to participate in this Plan and shall be effective for base
salary payable on the first administratively feasible pay period after receipt
of such election by the Administrator. A Participant's election to defer base
salary shall remain in effect until modified or revoked as provided in this
Section 4.1.

         4.2 Annual Incentive Deferral Election. Each Eligible Employee may
irrevocably elect no later than the December 31st preceding the beginning of the
annual incentive award performance cycle for which it applies to defer all or
any portion of his annual incentive award for that performance cycle by
completing and executing a Deferred Compensation Election Form and filing it
with the Administrator. Notwithstanding the foregoing:

a)       no deferral election may be made with respect to any annual incentive
award relating to a period commencing before January 1, 2005; and

b)       the Administrator may provide, in its sole and exclusive discretion,
that a Participant may make a deferral election with respect to an annual
incentive award as late as June 30 if it determines that such award is
"performance-based compensation" within the meaning of the American Jobs
Creation Act of 2004.

         4.3. Deferred Compensation Account Credits. All deferrals of base
salary or annual incentive awards shall be credited to the Participant's
Deferred Compensation Account.

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                                    ARTICLE V
                                  DISTRIBUTIONS

         5.1. Distribution Date. Distribution of a Participant's Deferred
Compensation Account shall be made within thirty (30) days after the
Participant's death, long term disability, or separation from service for any
reason or on a date specified by the Participant at the time the distributable
amounts were initially deferred. Notwithstanding the foregoing, in the event of
distribution upon separation from service (for reasons other than long term
disability, death or change in the ownership or effective control of the Company
or a substantial portion of the Company's assets), actual payment of the
distribution amount shall not occur until 6 months after the date of separation
from service, if the Participant is a "key employee" (as defined under Internal
Revenue Code Section 416(i) without regard to paragraph (5) thereof), and the
Employer's stock is publicly traded on an established securities market or
otherwise.

         5.2 Further Deferral of Distributions. A Participant may make a
subsequent election to further defer payment of his or her Deferred Compensation
Account provided that:

a)       such election is made at least 12 months prior to the date such
Deferred Compensation Account would otherwise be distributed; and

b)       payment is deferred for at least 5 years after the date such Deferred
Compensation Account would otherwise be distributed.

         5.3. Method of Payment. All distributions from the Participant's
Deferred Compensation Account shall be paid in a cash single lump sum payment.

         5.4. Long Term Disability. For purposes of becoming eligible for a
distribution under Section 5.1, a long term disability shall mean any medically
determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than 12
months and which results in the Participant: (i) being unable to engage in any
substantial gainful activity; or (ii) receiving income replacement benefits for
a period of not less than 3 months under an accident or health plan covering
employees of the Employer.

         5.5. Distributions on Death. In the event of a Participant's death
before his Deferred Compensation Account has been distributed, distribution
shall be made to the Beneficiary designated in writing on a form prescribed by,
and provided to, the Administrator by the Participant in a single lump sum
payment. Distribution will be made within sixty (60) days after the date of
death (or, if later, after the proper Beneficiary has been identified). A
Participant may from time to time change his designated Beneficiary without the
consent of such Beneficiary by filing a new designation in writing with the
Administrator. If no Beneficiary designation is in effect at the time of the
Participant's death, or if the designated Beneficiary is missing or has
predeceased the Participant, distribution shall be made to the Participant's
surviving spouse, or if none, to his surviving children per stirpes, and if
none, to his estate.

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                                   ARTICLE VI
                                    ACCOUNTS

         6.1. Deferred Compensation Account. The Administrator shall establish
and maintain, or cause to be established and maintained, a separate Deferred
Compensation Account for each Participant hereunder who executes an election
pursuant to Sections 4.1 or 4.2. Each such Participant's Compensation deferred
pursuant to a Deferred Compensation Election Form under Sections 4.1 and 4.2
shall be separately accounted for and credited with earnings, if applicable, for
recordkeeping purposes only, to his Deferred Compensation Account. A
Participant's Deferred Compensation Account shall be solely for the purposes of
measuring the amounts to be distributed under the Plan. The Employer shall not
be required to fund or secure the Deferred Compensation Account in any way, the
Employer's obligation to Participants hereunder being purely contractual.

         6.2. Crediting of Earnings and Statement of Account.

a) Each Participant shall be eligible to designate one or more investment
options that are available under the Olympic Steel, Inc. Employees' 401(k)
Retirement Plan and Trust as the deemed investment(s) for his Account or such
other investment options determined appropriate in the sole discretion of the
Board of Directors. The investment options under this Plan may be changed at any
time in the sole discretion of the Board of Directors. As long as the investment
options under the Olympic Steel, Inc. Employees' 401(k) Retirement Plan and
Trust are the deemed investment options under this Plan, a participant's
Deferred Compensation Account shall be credited with deemed earnings (or losses)
on the same frequency as earnings (or losses) are credited under the Olympic
Steel, Inc. Employees' 401(k) Retirement Plan and Trust. In its sole and
exclusive discretion, the Administrator may adjust the amounts credited to the
Deferred Compensation Accounts to take into account taxes or any other amounts
owed by the Company as a result of the investment options offered under this
Plan including, but not limited to, any taxable distributions, taxes generated
by any sale of an investment option or any other charges made with respect to an
investment option.

b) The Board of Directors may change, alter, or modify the Plan's investment
policy as it deems appropriate, from time to time. Any such change, alteration,
or modification shall be communicated to the Participants under procedures
adopted by the Administrator.

c) As soon as practicable after the end of each Plan Year (and at such
additional times as the Administrator may determine), the Administrator shall
furnish each Participant with a statement of the balance credited to the
Participant's Deferred Compensation Account.

         6.3. Investment to Facilitate Payment of Benefits. Although the
Employer is not obligated to invest in actual shares of any specific asset or
fund, or purchase any insurance contract, annuity or other financing vehicle in
order to provide the means for the payment of any liabilities under this Plan,
the Employer may elect to do so. Any such investments, contracts, annuities or
other financing vehicles shall at all times be and remain unrestricted general
property and assets of the Employer.

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                                   ARTICLE VII
                       FUNDING AND PARTICIPANT'S INTEREST

         7.1. Plan Unfunded. This Plan shall at all times be considered entirely
unfunded for both federal and state income tax purposes and for purposes of
Title I of the Employee Retirement Income Security Act of 1974, as amended. The
crediting to each Participant's Deferred Compensation Account shall be made
through recordkeeping entries. No actual funds shall be set aside; provided,
however, that nothing herein shall prevent the Employer from establishing one or
more grantor trusts from which benefits due under this Plan may be paid in
certain instances. All distributions shall be paid by the Employer from its
general assets and a Participant (or his or her Beneficiary) shall have the
rights of a general, unsecured creditor against the Employer for any
distributions due hereunder. The Plan constitutes a mere promise by the Employer
to make benefit payments in the future.

         7.2. Participant's Interest in Plan. A Participant has an interest only
in the value of the amount credited to his account. A Participant has no rights
or interests in any specific funds, stock or securities.

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                                  ARTICLE VIII
                        ADMINISTRATION AND INTERPRETATION

         8.1. Administration. The Administrator shall be in charge of the
overall operation and administration of this Plan. The Administrator and Appeals
Committee have in addition to the powers described elsewhere in this Plan, full
discretionary authority to construe and interpret the terms and provisions of
the Plan and related documents; to adopt, alter and repeal administrative rules,
guidelines, forms and practices governing the Plan; to perform all acts,
including the delegation of administrative responsibilities to advisors or other
persons who may or may not be employees of the Employer; and to rely upon the
information or opinions of legal counsel or experts selected to render advice
with respect to the Plan, as they shall deem advisable, with respect to the
administration of the Plan.

         8.2. Interpretation. The Administrator and Appeals Committee may take
any action, correct any defect, supply any omission or reconcile any ambiguity
or inconsistency in the Plan, or in any election hereunder, in the manner and to
the extent they shall deem necessary to carry the Plan into effect or to carry
out the Employer's purposes in adopting the Plan. The Administrator and Appeals
Committee have full discretionary authority to determine the right to benefits
of, and the amount of benefits, if any, payable to any person. Any decision,
interpretation or other action made or taken by or at the direction of the
Employer, the Administrator or the Appeals Committee arising out of or in
connection with the Plan, shall be within the absolute discretion of each of
them, and, except as otherwise provided herein, shall be final, binding and
conclusive on the Employer, and all Participants and Beneficiaries and their
respective heirs, executors, administrators, successors and assigns. The
Administrator's determinations hereunder need not be uniform, and may be made
selectively among Eligible Employees, whether or not they are similarly
situated.

         8.3. Records and Reports. The Employer shall furnish to the
Administrator such data and information as it may reasonable require.
Participants and Beneficiaries shall furnish to the Administrator such evidence,
data or information and execute such documents as the Administrator requests.
The Administrator shall keep a record of proceedings and actions and shall
maintain or cause to be maintained all such books of account, records, and other
data as shall be necessary for the proper administration of the Plan. Such
records shall contain all relevant data pertaining to individual Participants
and their rights under this Plan. The Administrator shall have the duty to carry
into effect all rights or benefits provided hereunder to the extent assets of
the Employer are properly available.

         8.4. Payment of Administrative Expenses. The Employer shall bear all
expenses incurred by the Administrator and Appeals Committee in administering
and resolving claims under this Plan.

         8.5 Payment of Litigation Expenses After Change of Control. If a
dispute arises concerning the rights of a Participant or Beneficiary to amounts
deferred under this Plan in connection with a Change of Control or within [2]
years after a Change of Control, regardless of the party by whom such dispute is
initiated, the Employer shall, upon presentation of appropriate vouchers, pay
all legal expenses, including reasonable attorneys' fees and court costs billed
to and payable by the Participant or by anyone with a claim made in good faith
under or through the Participant (such person being hereinafter referred to as
the "Participant's Claimant"), in connection

<PAGE>

with the bringing, prosecuting, defending, litigating, negotiating, or settling
of such dispute plus reasonable interest at a rate to compensate for delayed
payments where applicable; provided, that:

a) The Participant or the Participant's Claimant shall repay to the Employer any
such expenses theretofore paid or advanced by the Employer if and to the extent
that Employer obtains a judgment in its favor from a court of competent
jurisdiction from which no appeal may be or is taken, whether because the time
to do so has expired or otherwise; and provided further that

b) In the case of any dispute initiated by a Participant or the Participant's
Claimant, notice of such dispute shall be given, with specific reference to the
provisions of this Plan, to the Administrator within two (2) years after the
occurrence of the event giving rise to such dispute.

         8.6. Indemnification for Liability. The Employer shall indemnify the
Administrator and the employees of the Employer to whom the Administrator
delegates duties under this Plan, against any and all claims, losses, damages,
expenses and liabilities arising from their responsibilities in connection with
this Plan, unless the same is determined to be due to gross negligence or
willful misconduct. This indemnification shall not be provided to any person who
is not a present or former employee of the Employer. No indemnification shall be
provided to any person who is not an individual.

         8.7. Claims Procedure. All claims for benefits or for participation
must be in writing and submitted to the Administrator. If a claim for benefits
or for participation under this Plan is denied in whole or in part, the claimant
will receive written notification within ninety (90) days unless special
circumstances require an extension of time for processing the claim. If such an
extension of time is required, written notice of the extension shall be
furnished prior to the termination of the initial ninety (90) day period. The
denial notification will include specific reasons for the denial, specific
reference to pertinent provisions of this Plan, a description of any additional
material or information necessary to process the claim and why such material or
information is necessary, and an explanation of the claims review procedure. If
no denial notification is provided within the time frame described in this
Section, the claim shall be deemed denied.

         8.8. Review Procedure, The Appeals Committee shall be composed of the
members of the Compensation Committee of the Board of Directors of the Company
or by such other individuals as shall be appointed by the Board of Directors of
the Company. Within sixty (60) days after a claim is denied or deemed denied, in
whole or in part, a claimant (or his duly authorized representative) may file a
written request with the Appeals Committee for a review of his denied or deemed
denied claim. The written request must specify the relief requested and the
reason the denial should be reversed. The claimant may review pertinent
documents that were used in processing his claim, submit pertinent documents,
and address issues and comments in writing to the Appeals Committee.

         The Appeals Committee will notify the claimant of its final decision in
writing. If an appeal is denied in whole or in part, the claimant will receive
written notification within ninety (90) days unless special circumstances
require an extension of time for processing the appeal. If such an extension of
time is required, written notice of the extension shall be furnished prior to
the termination of the initial ninety (90) day period. The denial notification
will include specific reasons for the denial and specific reference to pertinent
provisions of this Plan. If the decision on review is not furnished within the
time frame described in this Section, the claim shall be deemed denied on
review.

<PAGE>

         8.9. Legal Claims. In no event may a claimant commence legal action for
benefits the claimant believes are due the claimant until the claimant has
exhausted all of the remedies and procedures afforded the claimant by this
Article VIII. No such legal action may be commenced more than one hundred eighty
(180) days after the date of the Appeals Committee's final review decision.

         8.10. Participant and Beneficiary Information, Each Participant shall
keep the Administrator informed of his or her current address and the current
address of his or her designated Beneficiary or Beneficiaries. The Administrator
shall not be obligated to search for any person. If such person's location is
not discovered within two (2) years after the date on which payment of the
Participant's benefits payable under this Plan may first be made, the
Participant's benefits shall be forfeited. If the Participant or Beneficiary
later claims such benefit, such benefit shall be reinstated without interest or
earnings from the date of forfeiture.

<PAGE>

                                   ARTICLE IX
                            AMENDMENT AND TERMINATION

         9.1. Amendment and Termination. Subject to Section 9.4 below, this Plan
may be amended, modified or terminated by the Company at any time, or from time
to time, by action of an appropriate Company officer authorized or ratified by
the Company's Board of Directors. No amendment, modification or termination will
be effective if it reduces the amounts credited to any Participant's Deferred
Compensation Account or adversely affects the right of any Participant or
Beneficiary to receive payment of the Deferred Compensation Account as provided
under this Plan, determined as of the date of the amendment.

         The prior provision notwithstanding, this Plan may be amended to:

         (1) reduce or eliminate the ability for Participants to defer future
     amounts under this Plan;

         (2) reduce or eliminate future deemed interest or earnings credits;

         (3) comply with any law; or

         (4) preserve the intended deferral of taxation for the benefit of all
     Participants' Deferred Compensation Accounts.

         9.2 Effect of Amendment or Termination on Distributions. If this Plan
is amended to prohibit future deferrals or is terminated, then the amounts
credited to Participants' Deferred Compensation Accounts will be distributed in
accordance with the provisions of Section 5.1. Notwithstanding the foregoing,
amounts credited to Participants' Deferred Compensation Accounts shall not be
distributed upon such an amendment or termination if the Administrator
determines, in its sole and exclusive discretion, that such distributions are
prohibited by, or would result in adverse tax consequences under, the American
Jobs Creation Act of 2004.

         9.3 Actions Binding on the Company and Participating Subsidiaries. Any
amendments made to this Plan will be binding on the Company and all
participating subsidiaries without the approval or consent of the participating
subsidiaries. The Company may, by amendment, also terminate this Plan on behalf
of all or any one of the participating subsidiaries in its sole discretion.

         9.4 Termination or Amendment After Change of Control. If a Change of
Control occurs, then, for a period of two (2) calendar years following such
Change of Control, the Company may not amend or terminate this Plan without the
prior written consent of all Participants.

<PAGE>

                                    ARTICLE X
                            MISCELLANEOUS PROVISIONS

         10.1. Right of Employer to Take Employment Actions. The adoption and
maintenance of this Plan shall not be deemed to constitute a contract between
the Employer and any Eligible Employee, nor to be a consideration for, nor an
inducement or condition of, the employment of any person. Nothing herein
contained, or any action taken hereunder, shall be deemed to give any Eligible
Employee the right to be retained in the employ of the Employer or to interfere
with the right of the Employer to discharge any Eligible Employee at any time,
nor shall it be deemed to give to the Employer the right to require the Eligible
Employee to remain in its employ, nor shall it interfere with the Eligible
Employee's right to terminate his or her employment at any time. Nothing in this
Plan shall prevent the Employer from amending, modifying, or terminating any
other benefit plan.

         10.2. Alienation or Assignment of Benefits. A Participant's rights and
interest under the Plan shall not be assigned or transferred except as otherwise
provided herein, and the Participant's rights to benefit payments under the Plan
shall not be subject to alienation, pledge or garnishment by or on behalf of
creditors (including heirs, beneficiaries, or dependents) of the Participant or
of a Beneficiary. Notwithstanding the preceding, the Administrator may direct
distributions to an alternate payee pursuant to a Qualified Domestic Relations
Order (QDRO), prior to any distribution date described in Article V.

         10.3. Right to Withhold. To the extent required by law in effect at the
time a distribution is made from the Plan, the Employer or its agents shall have
the right to withhold or deduct from any distributions or payments any taxes
required to be withheld by federal, state or local law.

         10.4. Construction. All legal questions pertaining to the Plan shall be
determined in accordance with the laws of the State of Ohio, to the extent such
laws are not superseded by the Employee Retirement Income Security Act of 1974,
as amended, or any other federal law.

         10.5. Headings. The headings of the Articles and Sections of this Plan
are for reference only. In the event of a conflict between a heading and the
contents of an Article or Section, the contents of the Article or Section shall
control.

         10.6. Number and Gender. Whenever any words used herein are in the
singular form, they shall be construed as though they were also used in the
plural form in all cases where they would so apply, and references to the male
gender shall be construed as applicable to the female gender where applicable,
and vice versa.<PAGE>
                                LNB Bancorp Inc.
                              Exhibit to Form 10-K

                                                          10(a) Klimas Agreement

                                DANIEL E. KLIMAS

                              EMPLOYMENT AGREEMENT

        This Employment Agreement (the "Agreement"), made at Lorain, Ohio, as of
the 28th day of January, 2005, by and among DANIEL E. KLIMAS, herein referenced
as "Employee", and LNB BANCORP, INC. (an Ohio corporation) and THE LORAIN
NATIONAL BANK (a banking organization organized and existing under the laws of
the United States of America), a wholly-owned subsidiary of LNB Bancorp, Inc.,
which together with their respective successors and assigns are collectively
herein referenced as "Employer", is to EVIDENCE THAT:

        WHEREAS Employer desires to secure and retain the employment services of
Employee as its President and Chief Executive Officer, and Employee desires to
accept employment as Employer's President and Chief Executive Officer; and

        WHEREAS, but for Employee's promises made in this Agreement, especially
in Section 8, Employer would not employ Employee under the terms and conditions
of this Agreement and, therefore, expressly to induce Employer to execute this
Agreement, Employee represents that Employee fully understands and accepts the
restrictive covenants in Section 8 and agrees to be bound thereby;

         NOW, THEREFORE, in consideration of the mutual covenants and promises
herein, Employer and Employee (collectively the "Parties" and individually a
"Party") hereby agree as follows:

        1.     EMPLOYMENT AND TERM.

               1.1 Employee will render management services to Employer in the
capacity as Employer's President and Chief Executive Officer for the term of
this Agreement (herein called the "Agreement Term", all references to the
Agreement Term shall include references to the periods of renewal, if any)
commencing February 1, 2005, and continuing thereafter until January 31, 2008,
or until terminated earlier pursuant to the termination provisions of this
Agreement, including the provisions of Section 7. Unless the Agreement Term is
terminated pursuant to the termination provisions in this Agreement, including
the provisions of Section 7, or by written notice by either Party to the other
on or before November 1, 2006 and on or before each November 1st thereafter, the
Agreement Term shall automatically renew for one (1) additional year, such that
the Agreement Term (unless terminated in writing prior to such automatic
extension) shall not be less than fifteen (15) months, and after November 1,
2006 shall not be greater than twenty-seven (27) months.

               1.2 Employee will devote Employee's full business-time and best
efforts to performing conscientiously, faithfully and loyally all duties: (A)
required of Employee by virtue of Employee's position as Employer's President
and Chief Executive Officer, (B) set forth in Employer's Code of Regulations,
Bylaws and policies as adopted by Employer's Board of Directors, and (C)
assigned or delegated to Employee by Employer's Board of Directors. Employee
shall not be required to report to any single individual or committee and shall
report only to the Board as an entire body. Except for the audit staff, all
other employees of Employer shall report directly or indirectly to Employee. So
long as it does not materially interfere with Employee's full-time employment
hereunder, Employee may attend to outside investments, and serve as a director,
trustee or officer of, or otherwise participate in, educational, welfare,
social, religious or civic organizations, whether for compensation or otherwise.

               1.3 Except as otherwise expressly provided herein, this Agreement
represents the entire agreement between Employee and Employer regarding
Employee's employment by Employer.

               1.4 Except as otherwise expressly provided herein, this Agreement
may be changed or amended only by a written document which is clearly designated
as an amendment to this specific Agreement and only if such document is signed
by all Parties.

<PAGE>

               1.5 No action by any Party and no refusal or neglect of any Party
to exercise a right granted under this Agreement or to enforce compliance with
any provision of this Agreement shall constitute a waiver of any provision of or
any right under this Agreement, unless such waiver is expressed in a written
document which is clearly designated as a waiver to a specific provision(s) of
this Agreement and unless such document is signed by all Parties.

        2.     COMPENSATION.

               2.1 In consideration for the services rendered by Employee as
President and Chief Executive Officer, Employer agrees to pay Employee a basic
salary (herein called the "Basic Salary") equal to the sum of not less than
Three Hundred Thousand Dollars ($300,000.00) for each twelve (12) consecutive
monthly period (a "Contract Year") of the Agreement Term. The Basic Salary shall
be payable in twenty-six (26) equal bi-weekly payments and prorated if the
Agreement Term is terminated prior to the completion of any Contract Year.

               2.2 As additional consideration for Employee's services performed
hereunder, Employee may receive an annual bonus of up to seventy-five percent
(75%) of Basic Salary for the Contract Year to which such bonus relates, with
the target being fifty percent (50%) of Basic Salary. Such bonus (and Employee's
eligibility therefore) shall be determined in accordance with the performance
goals for such Contract Year jointly established in good faith by Employee and
Employer's Board of Directors; provided that the performance goals for the first
year of the Agreement Term shall be established as soon as practicable in 2005,
and that the performance goals for each successive Contract Year be established
not later than the first day of such Contract Year.

               2.3 There shall be an annual review of Employee's performance and
compensation by Employer's Board of Directors (or a committee thereof). The
annual review shall occur not less than sixty (60) days prior to the end of
Employer's fiscal year for the express purpose of reviewing the current fiscal
year's performance of Employee. Any change in compensation as a result of the
annual review shall immediately act as an amendment of Section 2.1 above,
effective as of the date of the compensation change, provided that Employee's
Basic Salary shall not be decreased without Employee's consent.

               2.4 As additional consideration for Employee's promises in
Section 8 of this Agreement and for signing this Agreement, Employer shall pay
Employee a one-time signing bonus of One Hundred Fifteen Thousand Dollars
($115,000.00) on the date of the commencement of the Agreement Term.

               2.5 The obligations of Employer to pay Employee's Basic Salary,
bonuses, and other benefits under this Agreement are expressly conditioned upon
Employee's continued and faithful performance of and adherence to each and every
material promise, duty and obligation assigned to or made by Employee under this
Agreement.

        3.     VACATIONS AND TIME-OFF.

               3.1 Employee shall be entitled to twenty-seven (27) working days
of compensated vacation for each Contract Year, pursuant to the terms and
conditions of Employer's vacation time-off policy (as may be periodically
changed by the mutual agreement of the Parties), to be taken at times as
mutually agreed in advance between Employee and Employer's Chairman of the Board
of Directors.

               3.2 Except as may be periodically changed by the mutual agreement
of the Parties, all vacation time-off shall be non-cumulative if not taken
within the Contract Year or within the first quarter of the succeeding Contract
Year; provided, however, that unused vacation time may be redeemed as
compensation pursuant to the terms and conditions of Employer's vacation
time-off policy.

               3.3 Employee's vacation time-off may be increased by the mutual
agreement of the Parties.

               3.4 Employee shall be permitted additional time-off to attend
meetings, seminars, and conventions and to satisfy educational requirements as
have been mutually agreed upon by the Parties. Attendance at such approved
meetings, seminars, and conventions and accomplishment of approved educational
requirements shall be fully compensated and shall not be considered vacation.
Employer shall reimburse Employee for all

<PAGE>

reasonable expenses incurred by Employee incident to attendance at approved
meetings, seminars and conventions and such reasonable entertainment expenses
incurred by Employee in furtherance of Employer's interest.

               3.5 Employee shall also be entitled to additional days of
time-off with full compensation for holidays in accordance with Employer's
holiday time-off policy (which may be periodically changed by the mutual
agreement of the Parties).

               3.6 Employee shall further be entitled to additional days of
time-off with full compensation for personal matters in accordance with
Employer's personal time-off policy (which may be periodically changed by the
mutual agreement of the Parties).

        4.     FRINGE BENEFITS.

               4.1 Employee shall be entitled to all fringe benefits to which
other employees of Employer in Employee's classification are entitled.

               4.2 As additional consideration for Employee's performance of
Employee's duties and responsibilities as President and Chief Executive Officer
of Employer, Employer agrees:

                  (A) To provide Employee with: (i) short-term disability
benefits pursuant to Employer's short-term disability program (which may be
periodically changed or terminated by the mutual agreement of the Parties), and
(ii) long-term disability insurance benefits commencing one hundred eighty (180)
days after Employee incurs a Disability, as defined in Section 10.1(E) of this
Agreement, and continuing pursuant to the terms of Employer's long-term
disability program (which may be periodically changed or terminated by the
mutual agreement of the Parties); and

                  (B) To include Employee in Employer's retirement plan (which
presently offers a fifty percent (50%) Employer match of the first six percent
(6%) of compensation) and flexible benefit plan, as such plans may be
periodically changed or terminated by the mutual agreement of the Parties; and

                  (C) To provide Employee with such plan of hospitalization
insurance as maintained by Employer and as may be periodically changed or
terminated by the mutual agreement of the Parties; and

                  (D) To provide Employee: (i) a term life insurance policy on
the life of Employee (provided that Employee is insurable under the standard
rate criteria of a commercial life insurance company) in an amount equal to 2.75
times the Basic Salary of Employee, but not to exceed Five Hundred Thousand
Dollars ($500,000.00), as may be periodically increased by the mutual agreement
of the Parties, and payable to the beneficiary or beneficiaries of Employee's
choice, and (ii) an accidental death and dismemberment insurance policy upon
Employee in an amount equal to 2.75 times the Basic Salary, but not to exceed
Five Hundred Thousand Dollars ($500,000.00), as may be increased by the mutual
agreement of the Parties, and payable to the beneficiary or beneficiaries of
Employer's choice; and

                  (E) To provide Employee with such sick leave as presently in
force by Employer and as may be periodically changed or terminated by the mutual
agreement of the Parties; and

                  (F) To purchase or lease for the use of Employee an automobile
as selected by Employee and approved by Employer, and to reimburse Employee for
expenses related to its operation for business purposes upon presentation of
appropriate itemization and receipts; provided, however, that upon termination
of the Agreement Term for any reason, Employer shall be entitled to possession
of said automobile on the one (1)-year anniversary of the date of termination;
and

                  (G) To pay the initiation fee and monthly dues for a corporate
membership for Employee at Elyria Country Club, Elyria, Ohio or such other club
as the Parties mutually agree, and to reimburse Employee for all future
assessments and reasonable expenses incurred by Employee at such club in
furtherance of Employer's business interests upon presentation of appropriate
itemizations and receipts, all in accordance with federal tax law; and

<PAGE>

                  (H) To reimburse Employee for all reasonable and approved
expenses related to the performance of Employee's duties as President and Chief
Executive Officer, including (but not limited to): entertainment and promotional
expenses; educational expenses incurred for the purpose of maintaining or
improving Employee's skills directly related to the performance of Employee's
duties and obligations hereunder (including, but not limited to, continuing
educational requirements); expenses of membership in civic groups, clubs and
fraternal organizations; and all other items of reasonable and necessary
expenses incurred by Employee in the performance of Employee's duties as
Employer's President and Chief Executive Officer.

                  (I) To issue to Employee an unrestricted stock grant of five
thousand (5,000) shares of common stock of LNB Bancorp, Inc. on the date of the
commencement of the Agreement Term, which such stock grant shall vest on the
commencement date of the Agreement Term. Employer shall issue and deliver to
Employee stock certificates for the number of shares of common stock granted to
Employee hereunder and such shares shall be duly issued, fully paid,
non-assessable and free from all taxes, liens, charges and restrictions on
transfer.

        5.     OPTIONS AND INCENTIVES.

               5.1 As further consideration for the services rendered by
Employee as President and Chief Executive Officer, Employer agrees to provide
Employee stock options for Employee to purchase an aggregate of ninety thousand
(90,000) common shares of LNB Bancorp, Inc. (or any securities into which such
common shares may be converted). The aggregate stock options shall be divided
into three (3) allotments of thirty thousand (30,000) shares each which shall be
awarded on the commencement of the Agreement Term and on the first and second
anniversaries of the Agreement Term in 2006 and in 2007. The first stock option
award will vest at a rate of ten thousand (10,000) shares on each of the first,
second and third anniversaries of the commencement of the Agreement Term (in
2006, 2007 and 2008). The second stock option award will vest at a rate of ten
thousand (10,000) shares on each of the second, third and fourth anniversaries
of the commencement of the Agreement Term (in 2007, 2008 and 2009). The third
stock option award will vest at a rate of ten thousand (10,000) shares on each
of the third, fourth and fifth anniversaries of the commencement of the
Agreement Term (in 2008, 2009 and 2010). Employee shall have the right to
purchase up to each ten thousand (10,000) share allotment on or after the
applicable vesting date at the market value of such shares on the close of the
date such options are awarded in 2005, 2006 and 2007. All such stock options
shall automatically expire ten (10) years from the applicable vesting date. Upon
payment in full, Employer shall issue and deliver to Employee stock certificates
for the number of shares of common stock issued to Employee on the exercise of
the options and such shares shall be duly issued, fully paid, non-assessable and
free from all taxes, liens, charges and restrictions on transfer.

               5.2 As additional consideration for the services rendered by
Employee as President and Chief Executive Officer, Employer and Employee shall
attempt in good faith to mutually develop a long-term incentive plan awarding up
to fifty (50%) of Employee's Basic Salary for each applicable Contract Year;
provided, however, that such long-term incentive plan shall commence in 2006.

               5.3 Employer shall at all times reserve or otherwise hold
available a sufficient number of shares of LNB Bancorp, Inc. common stock to
cover the number of shares issuable to Employee hereunder.

               5.4 Employer shall file or cause to be filed on a timely basis
all registration statements required to register under the 1933 Act the grant of
stock and options hereunder and all other filings or applications required
generally to permit the common stock of LNB Bancorp, Inc. to be traded on a
national exchange or over-the-counter quotation system; and, in addition, after
the issuance of any such common stock to Employee hereunder, upon Employee's
written request Employer shall file on a timely basis and at its sole cost and
expense all such statements and reports required to permit Employee to so trade
Employee's common shares received hereunder. Employer shall use its best efforts
to have such registration statements declared effective by the SEC as soon as
practicable and to maintain such effectiveness. In addition, Employer shall use
its best efforts to cause the Board of Directors of LNB Bancorp, Inc. to take
any and all necessary action to except the grant of stock to Employee under
Section 4(I) and the grant of options to Employee under Section 5.1 from the
provisions of Section 16(b) of the Exchange Act of 1934.

<PAGE>

               5.5 If LNB Bancorp, Inc. shall at any time after the commencement
date of the Agreement Term: (a) declare a dividend on its common stock payable
in shares of its capital stock (of any class), (b) subdivide its outstanding
common stock, (c) combine its outstanding common stock into a smaller number of
shares, or (d) issue any shares of its capital stock in connection with a
consolidation or merger in which it is the continuing corporation, the option
price under Section 5.1 in effect on the record date for that dividend, or the
effective date of that subdivision, combination or merger, and/or the number and
kind of shares of capital stock on that date subject to the options, shall be
proportionately adjusted so that Employee shall be entitled to receive the
aggregate number and kind of shares of capital stock which, if the options had
been exercised immediately prior to that date, Employee would have owned and
been entitled to receive by virtue of that subdivision, combination or merger.
The foregoing adjustment shall be made successively whenever any event listed
above shall occur.

        6.     PROHIBITION AGAINST TRANSFER. Employee's duties, obligations
and services rendered under this Agreement are personal in nature and are unique
to Employer. Therefore, without Employer's prior written consent, Employee shall
not assign or otherwise transfer any of Employee's duties, obligations or
responsibilities hereunder.

        7.     TERMINATION OF THE AGREEMENT TERM.

               7.1 If either Employer or Employee materially violates the terms
and conditions of this Agreement, the other Party shall give the breaching Party
notice of said violation and, if the breaching Party does not cure such
violation within ten (10) days after notice, then the other Party shall have the
continuing right to terminate the Agreement Term without further notice;
provided, however, that Employer may immediately terminate the Agreement Term if
Employee violates or fails to adhere to any provision of Section 8 (pertaining
to non-disclosure and non-competition).

               7.2 Through its Board of Directors, Employer may terminate the
Agreement Term without cause at any time upon thirty (30) days prior written
notice to Employee.

               7.3 Subject to the terms and conditions of Section 10, Employee
may terminate the Agreement Term upon the occurrence of a "Change in Control" as
defined in Section 10.1(C) for "Good Reason" as defined in Section 10.1(F). In
addition, Employee may terminate the Agreement Term at any time for Good Cause.
For purposes of this Agreement, Good Cause means, without Employee's express
written consent, the occurrence of any of the following events:

(i)     (1) any change in the duties or responsibilities of Employee that is
inconsistent in any material and adverse respect with Employee's positions,
duties, responsibilities or status with Employer (including any material and
adverse diminution of such duties on Employer's Board of Directors);or
responsibilities), or (2) a material and adverse change in Employee's titles or
offices with Employer (including, if applicable, membership

(ii)    a reduction by Employer in Employee's Basic Salary as then in effect;

(iii)   any requirement of Employer that Employee be based anywhere more than
fifty (50) miles from Employee's present residence in Westlake, Ohio; or

(iv)    the failure of Employer to: (1) comply with Section 4 of this Agreement,
or (2) comply with Section 3 of this Agreement.

               7.4 The Agreement Term shall automatically and immediately
terminate upon the death of Employee, and Employee shall be entitled to that
portion of any unpaid salary and other benefits accrued and earned hereunder up
to and including the date of death, together with a pro rata portion of the
annual bonus and long-term incentive awards applicable to the Contract Year in
which his death occurs, as determined under Sections 2.2 and 5.2.

               7.5 In the event of the Disability of Employee as defined in
Section 10.1(E) of this Agreement, the Agreement Term shall terminate and
Employee shall be entitled to benefits provided by Employer under Employer's
long-term disability program as designated in Section 4.2(A)(ii) of this
Agreement, and to that portion of any unpaid salary and other benefits accrued
and earned by Employee up to and including the date of

<PAGE>

Disability together with a pro rata portion of the annual bonus and long-term
incentive awards applicable to the Contract Year in which such Disability
occurs, as determined under Sections 2.2 and 5.2.

               7.6 In Employee's sole discretion, Employee may terminate the
Agreement Term by giving the Board of Directors of Employer at least thirty (30)
days written notice of Employee's decision to terminate the Agreement Term,
whereupon Employee shall have no further obligations or liabilities to Employer,
except for those obligations or liabilities otherwise provided for in this
Agreement.

               7.7 Employer shall have the sole discretion to determine whether
Employee shall continue to render services hereunder during such notice periods
as provided for in this Section 7.

               7.8 Upon the termination of the Agreement Term pursuant to
Section 7.1 (but only if Employee terminates the Agreement Term due to the
Employer's breach) Section 7.2 or Section 7.3 by Employee for Good Cause,
Employer shall continue to pay Employee's Basic Salary, health insurance and
life insurance over the remainder of the Agreement Term as in effect immediately
prior to such termination (determined without regard to the termination of such
term under Section 7). In addition, Employee shall be entitled to pro rata
portion of the annual bonus and long-term incentive awards applicable to the
Contract Year in which termination occurs and the remainder of the Agreement
Term (determined without regard to the termination of such term under Section
7), determined as if all performance goals for such periods are met and Employee
is entitled to an annual bonus under Section 2.2 of fifty percent (50%) of Basic
Salary as in effect immediately prior to termination and a long-term incentive
award under Section 5.2 of fifty percent (50%) of Basic Salary as in effect
immediately prior to termination. Any termination payments payable to Employee
shall survive Employee's death if Employee dies during the period Employee is
receiving termination payments as provided in this Section 7.8.

               7.9 Upon termination of the Agreement Term pursuant to Section
7.1 (but only if Employee terminates the Agreement Term due to the Employer's
breach), Section 7.2 or Section 7.3 by Employee for Good Cause, all of
Employee's remaining stock options under Section 5.1 shall be immediately
awarded and all unvested stock options shall immediately vest on the date of
termination of the Agreement Term and a sixty (60)-day exercise period for such
stock option shall commence. Upon exercise, Employee shall have the right to
purchase up to the full amount of shares subject to such options at a price per
share equal to the lesser of (i) the market value of such shares on the close of
the date of termination or (ii) the market value of such shares on the
immediately preceding anniversary of the commencement of the Agreement Term. Any
stock options not exercised and fully paid by the end of the sixty (60)-day
exercise period shall automatically become null and void.

        8.     EMPLOYEE'S NON-DISCLOSURE AND NON-COMPETITION PROMISES.

               8.1 For purposes of this Section 8, the Parties agree to and
understand the following definitions:

                  (A) "Competitive Act" means any of the following: (i)
Employee's rendering services (whether or not for compensation) to, for or on
behalf of a Competitor (as defined herein) as an employee, independent
contractor, consultant, advisor, representative, agent or in any other capacity;
and (ii) Employee's investment in or ownership (partial or total) of a
Competitor, unless the Competitor's stock is publicly traded on a national
exchange and Employee owns less than two percent (2%) of such stock.

                  (B) "Competitive Activity" means the performance or rendering
of any banking services; trust services and investment services; portfolio
management; retirement planning; administration of employee benefit plans;
administration of decedents' estates and court-supervised accounts,
guardianships, and custodial arrangements; personal tax and estate tax planning;
financial consulting services; investment advising services; and any other
business activity, service or product which competes with any existing or future
business activity, service or product of Employer.

                  (C) "Competitor" means any of the following: (i) any person,
sole proprietorship, partnership, association (other than Employer),
organization, corporation, limited liability company or other entity
(governmental or otherwise) who or which provides, renders or performs a
Competitive Activity (as defined herein) within the Service Area (as defined
herein), even if the Competitor has no office or other facilities located within
the

<PAGE>

Service Area; and (ii) any parent, subsidiary or other person or entity
affiliated with, or related by ownership to, any of the foregoing designated in
Subitem (i) of this Section 8.1(C).

                  (D) "Confidential Information" means all of the following
(whether written or verbal) pertaining to Employer: (i) trade secrets (as
defined by Ohio law); Client or Customer lists, records and other information
regarding Employer's Clients or Customers (whether or not evidenced in writing);
Client or Customer fee or price schedules and fee or price policies; financial
books, plans, records, ledgers and information; business development plans;
sales and marketing plans; research and development plans; employment and
personnel manuals, records, data and policies; business manuals, methods and
operations; business forms, correspondence, memoranda and other records;
computer records and related data; and any other confidential or proprietary
data and information of Employer or its Clients or Customers which Employee
encounters during the Employment Term (as defined in Section 8.1(F)); and (ii)
all products, technology, ideas, inventions, discoveries, developments, devices,
processes, business notes, forms and documents, business products, computer
programs, and other creations (and improvements of any of the foregoing),
whether patentable or copyrightable, which Employee has acquired, developed,
conceived or made (whether directly or indirectly, whether solicited or
unsolicited, or whether during normal work hours or during off-time) during the
Employment Term or during the Restricted Period and which relate to any business
activity of Employer or are derived from the Confidential Information designated
in Subsection (i) of this Section 8.1(D).

                  (E) "Client" or "Customer" means a person, sole
proprietorship, partnership, association, organization, corporation, limited
liability company, or other entity (governmental or otherwise), wherever
located: (i) to or for which Employer sells any products or renders or performs
services either during the one hundred eighty (180)-day period immediately
preceding commencement of the Restricted Period or during the Restricted Period,
or (ii) which Employer solicits or (as demonstrated by plans, strategies or
other tangible preparation) intends to solicit to purchase products or services
from Employer either during the one hundred eighty (180)-day period immediately
preceding commencement of the Restricted Period or during the Restricted Period.

                  (F) "Employment Term" means the period of time starting on the
date Employee's employment with Employer commences and terminating at the close
of business on the date Employee's employment with Employer terminates.

                  (G) "Restricted Period" means one (1) year commencing on the
date the Employment Term is terminated by either Party (for any reason, with or
without cause); provided, however, that such period shall be extended to include
any period of time during which Employee engages in any activity constituting a
breach of this Agreement and any period of time during which litigation
transpires wherein Employee is held to have breached this Agreement.

                  (H) "Service Area" means: (i) Lorain County, Ohio and all
counties immediately contiguous to Lorain County, constituting those geographic
areas in which Employer presently conducts substantial business activities; and
(ii) those counties located in the State of Ohio in which Employer conducts or
transacts substantial business activities on the date the Employment Term
terminates; and (iii) those counties in the State of Ohio in which, on the date
the Employment Term terminates, Employer intends to conduct or transact
substantial business activities as demonstrated by plans, strategies or other
tangible preparation for such business activities and known to Employee.

                  (I) "Employer" means, for purposes of this Section 8, LNB
Bancorp, Inc. (the parent), The Lorain National Bank (a national bank
association), Charleston Insurance Agency, Inc., Charleston Title Agency, LLC,
LNB Mortgage LLC, North Coast Community Development Corporation, all subsidiary
entities thereof, and all entities related to LNB Bancorp, Inc., to The Lorain
National Bank or to such parent or subsidiary entities by common ownership which
may exist after the commencement of the Employment Term.

               8.2 Expressly in consideration for Employer's promises made in
this Agreement and to induce Employer to sign this Agreement, Employee promises
and agrees that:

                  (A) Confidentiality. The Confidential Information is and, at
all times, shall remain the exclusive property of Employer, and Employee: (i)
shall hold the Confidential Information in strictest

<PAGE>

confidence and in a position of trust for Employer and its Clients and
Customers, and (ii) except as may be necessary to perform Employee's employment
duties with Employer but only in compliance with Employer's confidentiality
policies and all applicable laws, shall not (directly or indirectly) use for any
purpose, copy, duplicate, disclose, convey to any third-party or convert any
Confidential Information, either during the Employment Term or at any time
following termination of the Employment Term (by any Party, for any reason, with
or without cause), and (iii) upon the request of Employer at any time during or
after the Employment Term, shall immediately deliver to Employer all the
Confidential Information in Employee's possession and shall neither convey to
any third-party nor retain any copies or duplicates thereof; and

                  (B) Competitive Acts. During the Employment Term, Employee (or
any entity owned or controlled by Employee) shall not directly or indirectly,
without the prior written approval of Employer, perform a Competitive Act; and

                  (C) Employees. During the Restricted Period, Employee (or any
entity owned or controlled by Employee) shall not directly or indirectly: (i)
employ, engage, contract for the services of, or solicit or otherwise induce the
services of any person who, during the one hundred eighty (180)-day period
immediately preceding commencement of the Restricted Period or during the
Restricted Period, is or was an employee of Employer, or (ii) otherwise
interfere with (or attempt to interfere with) any employment relationship of
Employer with any employee.

                  (D) Other Employment. Except as otherwise provided for in
Section 1.2, during the Employment Term, Employee shall not perform services
(whether or not for compensation) as an employee, independent contractor,
consultant, representative or agent of any person, sole proprietorship,
partnership, limited liability company, corporation, association (other than
Employer), organization, or other entity (governmental or otherwise) without the
prior, written consent of Employer.

                  (E) Costs of Enforcement. Employee shall pay all reasonable
legal fees, court costs, expert fees, investigation costs, and other expenses
incurred by Employer in any litigation under which Employee is adjudicated to
have violated this Section 8.

        8.3       Employee understands and agrees that:

                  (A) During the Employment Term, Employee will materially
assist Employer in the generation, development or enhancement of certain
Confidential Information, Clients and Customers and certain other business
assets and activities for Employer; and

                  (B) Employee's promises in this Section 8: (i) were negotiated
at arm's-length and with ample time for Employee to seek the advice of legal
counsel, (ii) are required for the fair and reasonable protection of Employer
and the Confidential Information, and (iii) do not constitute an unreasonable
hardship to Employee in working for Employer or in subsequently earning a
livelihood in Employee's field of expertise outside the Service Area; and

                  (C) If Employee breaches any or all of the promises in this
Section 8: the privacy and thereby the value of the Confidential Information
will be significantly jeopardized; Employer will be subject to the immediate
risk of material, immeasurable, and irreparable damage and harm; the remedies at
law for Employee's breach shall be inadequate; and Employer shall therefore be
entitled to injunctive relief against Employee in addition to any and all other
legal or equitable remedies; and

                  (D) If Employee had not agreed to the restrictive promises in
this Agreement, Employer would not have signed this Agreement.

        8.4       Employee's promises, duties and obligations made in this
Section 8 shall apply to Employee irrespective of whether a Change in Control
(as defined in Section 10.1) occurs and shall survive the voluntary or
involuntary cessation or termination of the Employment Term by either Party
(for any reason, with or without cause). If any of the restrictions contained in
this Section 8 are ever judicially held to exceed the geographic or time
limitations permitted by law, then such restrictions shall be deemed to be
reformed to comply with the

<PAGE>

maximum geographic and time limitations permitted by law. The existence of any
claim or cause of action by Employee against Employer (whether or not derived
from or based upon Employee's employment with Employer) shall not constitute a
defense to Employer's enforcement of any covenant, duty or obligation of
Employee in this Section 8.

        9.     INDEMNIFICATION.

               9.1 Employer hereby indemnifies and saves Employee harmless from
and against all claims, liabilities, judgments, decrees, fines, penalties, fees,
amounts paid in settlement or any other costs, losses, expenses (including, but
not limited to, attorneys' fees and court costs) directly or indirectly arising
or resulting from or in connection or association with any threatened or pending
action, suit or proceeding (whether civil, criminal, administrative,
investigatory or otherwise) and any appeals related thereto under which Employee
is a party or participant because of Employee's good faith actions or omissions
arising from the performance of Employee's duties and obligations under this
Agreement, except for such claims (including court proceedings) brought by the
respective Parties against each other.

               9.2 As a condition precedent to the indemnification and other
obligations of Employer under this Section 9, Employee must:

                  (A) Notify Employer of any actual or potential claim under
this Section 9; and

                  (B) Authorize and permit Employer, in its sole discretion, to
choose any legal counsel to defend or otherwise handle the claim and all
proceedings and matters relating thereto; and

                  (C) Permit Employer to assume total, complete and exclusive
control of the claim and all proceedings and matters relating thereto; and

                  (D) Cooperate in all reasonable respects with Employer in
handling the claims and all proceedings and matters related thereto.

        10.    CHANGE IN CONTROL.

               10.1 For purposes solely of this Section 10, the following terms
shall have the respective meanings set forth below:

                  (A) "Bonus Amount" means an amount equal to fifty percent
(50%) of Employee's Basic Salary in effect on Employee's Date of Termination.

                  (B) "Cause" means any one or more of the following: (i) the
willful and continued failure of Employee to perform substantially Employee's
duties with Employer (other than any such failure resulting from Employee's
Disability as defined in Section 10.1(E) of this Agreement or any such failure
subsequent to Employee's being delivered a Notice of Termination without Cause
by Employer or after Employee's delivering a Notice of Termination for Good
Reason to Employer) after a written demand for substantial performance is
delivered to Employee by Employer's Board of Directors which specifically
identifies the manner in which the Board of Directors believes that Employee has
not substantially performed Employee's duties and provides Employee with ten
(10) days to correct such failure, or (ii) the willful engaging by Employee in
illegal conduct or gross misconduct which is injurious to Employer or any
Subsidiary, or (iii) the conviction of Employee of, or a plea by Employee of
nolo contendere to, a felony, or (iv) Employee's breach of or failure to perform
any of the non-competition and non-disclosure covenants contained in Section 8
of this Agreement. For purpose of this paragraph (B), no act or failure to act
by Employee shall be considered "willful" unless done or omitted to be done by
Employee in bad faith and without reasonable belief that Employee's action or
omission was in the best interests of Employer. Any act or failure to act based
upon authority given pursuant to a resolution duly adopted by Employer's Board
of Directors or based upon the advice of counsel for Employer shall be
conclusively presumed to be done, or omitted to be done, by Employee in good
faith and in the best interests of Employer.

                  (C) "Change in Control" means the occurrence of any one of the
following events:

<PAGE>

(i)     if individuals who, on the date of this Agreement, constitute the Board
of Directors (the "Incumbent Directors") of LNB Bancorp, Inc. (herein called
"Company") cease for any reason to constitute at least a majority of Company's
Board of Directors; provided, however, that: (A) any person becoming a director
subsequent to the date of this Agreement, whose election or nomination for
election was approved by a vote of at least two-thirds (2/3) of the Incumbent
Directors then on Company's Board of Directors (either by a specific vote or by
approval of the proxy statement of Company in which such person is named as a
nominee for director, without written objection by such Incumbent Directors to
such nomination), shall be deemed to be an Incumbent Director, and (B) no
individual elected or nominated as a director of Company initially as a result
of an actual or threatened election contest with respect to directors or any
other actual or threatened solicitation of proxies by or on behalf of any person
other than Company's Board of Directors shall be deemed to be an Incumbent
Director;

(ii)    if any "person" (as such term is defined in Section 3(a)(9) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as used in
Sections 13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes a "beneficial
owner" (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of securities of Company representing twenty percent (20%) or more
of the combined voting power of Company's then-outstanding securities eligible
to vote for the election of Company's Board of Directors (the "Company Voting
Securities"); provided, however, that the events described in this clause (ii)
shall not be deemed to be a Change in Control by virtue of any of the following
acquisitions: (A) by Company or any Subsidiary, (B) by any employee benefit plan
sponsored or maintained by Employer or any Subsidiary or by any employee stock
benefit trust created by Employer or any Subsidiary, (C) by any underwriter
temporarily holding securities pursuant to an offering of such securities, (D)
pursuant to a Non-Qualifying Transaction (as defined in clause (iii) of this
paragraph (C), below), (E) pursuant to any acquisition by Employee or any group
of persons including Employee (or any entity controlled by Employee or by any
group of persons including Employee), or (F) a transaction (other than one
described in clause (iii) of this paragraph (C), below) in which Company Voting
Securities are acquired from Company, if a majority of the Incumbent Directors
approves a resolution providing expressly that the acquisition pursuant to this
subparagraph (F) does not constitute a Change in Control under this clause (ii);

(iii)   upon the consummation of a merger, consolidation, share exchange or
similar form of corporate transaction involving Company or any of its
Subsidiaries that requires the approval of Company's shareholders, whether for
such transaction or the issuance of securities in the transaction (a "Business
Combination"), unless immediately following such Business Combination: (A) more
than fifty percent (50%) of the total voting power of either (x) the corporation
resulting from the consummation of such Business Combination (the "Surviving
Corporation") or, if applicable, (y) the ultimate parent corporation that
directly or indirectly has beneficial ownership of one hundred percent (100%) of
the voting securities eligible to elect directors of the Surviving Corporation
(the "Parent Corporation") is represented by Company Voting Securities that were
outstanding immediately prior to such Business Combination (or, if applicable,
represented by shares into which such Company Voting Securities were converted
pursuant to such Business Combination), and such voting power among the holders
thereof is in substantially the same proportion as the voting power of such
Company Voting Securities among the holders thereof immediately prior to the
Business Combination, (B) no person (other than any employee benefit plan
sponsored or maintained by the Surviving Corporation or the Parent Corporation
or any employee stock benefit trust created by the Surviving Corporation or the
Parent Corporation) is or becomes the beneficial owner, directly or indirectly,
of twenty percent (20%) or more of the total voting power of the outstanding
voting securities eligible to elect directors of the Parent Corporation (or, if
there is no Parent Corporation, the Surviving Corporation), and (C) at least a
majority of the members of the board of directors of the Parent Corporation (or,
if there is no Parent Corporation, the Surviving Corporation) were Incumbent
Directors at the time of the Board of Director's approval of the execution of
the initial agreement providing for such Business Combination (any Business
Combination which satisfies all of the criteria specified in (A), (B) and (C) of
this Section 10.1(C)(iii) shall be deemed to be a "Non-Qualifying Transaction");
or

(iv)    if the shareholders of Company approve a plan of complete liquidation or
dissolution of Company or a sale of all or substantially all of Company's assets
but only if, pursuant to such liquidation or sale, the assets of Company are
transferred to an entity not owned (directly or indirectly) by Company's
shareholders.

Notwithstanding the foregoing, a Change in Control shall not be deemed to occur
solely because any person acquires beneficial ownership of more than twenty
percent (20%) of Company Voting Securities as a result of the

<PAGE>

acquisition of Company Voting Securities by Company which reduces the number of
Company Voting Securities outstanding; provided, however, that if (after such
acquisition by Company) such person becomes the beneficial owner of additional
Company Voting Securities that increases the percentage of outstanding Company
Voting Securities beneficially owned by such person, a Change in Control shall
then occur. Notwithstanding anything in this Agreement to the contrary, if (1)
Employee's employment is terminated prior to a Change in Control for reasons
that would have constituted a Qualifying Termination if they had occurred
following a Change in Control, (2) Employee reasonably demonstrates that such
termination was at the request of a third party who had indicated an intention
or taken steps reasonably calculated to effect a Change in Control, and (3) a
Change in Control involving such third party (or a party competing with such
third party to effectuate a Change in Control) does occur, then (for purposes of
this Agreement) the date immediately prior to the date of such termination of
employment (or event constituting Good Reason) shall be treated as a Change in
Control.

                  (D) "Date of Termination" means: (i) the effective date on
which Employee's employment by Employer terminates as specified in a prior
written notice by Employer or Employee (as the case may be) to the other, or
(ii) if Employee's employment by Employer terminates by reason of death, the
date of death of Employee, or (iii) if the Employee incurs a Disability, the
date of such Disability as determined by a physician chosen by Employer. For
purposes of determining the timing of payments and benefits to Employee under
Section 10.2, the date of the actual Change in Control shall be treated as
Employee's Date of Termination.

                  (E) "Disability" means Employee's inability to perform
Employee's then-existing duties with Employer on a full-time basis for at least
one hundred eighty (180) consecutive days as a result of Employee's incapacity
due to physical or mental illness.

                  (F) "Good Reason" means, without Employee's express written
consent, the occurrence of any of the following events after a Change in
Control:

(i)     (1) any change in the duties or responsibilities (including reporting
responsibilities) of Employee that is inconsistent in any material and adverse
respect with Employee's positions, duties, responsibilities or status with
Employer immediately prior to such Change in Control (including any material and
adverse diminution of such duties or responsibilities), or (2) a material and
adverse change in Employee's titles or offices with Employer (including, if
applicable, membership on Employer's Board of Directors) from those existing
immediately prior to such Change in Control;

(ii)    (1) a reduction by Employer in Employee's Basic Salary as in effect
immediately prior to such Change in Control (or as such Basic Salary may be
increased from time to time thereafter), or (2) the failure by Employer to pay
Employee an annual bonus in respect of the year in which such Change in Control
occurs or any subsequent year in an amount greater than or equal to the annual
bonus earned for the year ended prior to the year in which such Change in
Control occurs;

(iii)   any requirement of Employer that Employee: (1) be based anywhere more
 than fifty (50) miles from the office where Employee is located at the time of
the Change in Control, or (2) travel on Employer business to an extent
substantially greater than the travel obligations of Employee immediately prior
 to such Change in Control;

(iv)    the failure of Employer to: (1) continue in effect any material employee
benefit plan, compensation plan, welfare benefit plan or other material fringe
benefit plan in which Employee is participating immediately prior to such Change
in Control or the taking of any action by Employer which would materially and
adversely affect Employee's participation in or reduce Employee's benefits under
any such plan, unless Employee is permitted to participate in other plans
providing Employee with substantially equivalent benefits in the aggregate, or
(2) provide Employee with paid vacation in accordance with the most favorable
vacation policies of Employer as in effect for Employee immediately prior to
such Change in Control, including the crediting of all service for which
Employee had been credited under such vacation policies prior to the Change in
Control; or

(v)     the failure of Employer to obtain the assumption (and, if applicable,
guarantee) agreement from any successor (and Parent Corporation) as contemplated
in Section 10.4(B).

<PAGE>

Notwithstanding any contrary provision in this Agreement: (a) an isolated,
insubstantial and inadvertent action taken in good faith and which is remedied
by Employer within ten (10) days after receipt of notice thereof given by
Employee shall not constitute Good Reason; and (b) Employee's right to terminate
employment for Good Reason shall not be affected by Employee's incapacities due
to mental or physical illness; and (c) Employee's continued employment shall not
constitute a consent to, or a waiver of rights with respect to, any event or
condition constituting Good Reason (provided, however, that Employee must
provide notice of termination of employment within thirty (30) days following
Employee's knowledge of an event constituting Good Reason or such event shall
not constitute Good Reason under this Agreement).

                  (G) "Qualifying Termination" means a termination of Employee's
employment with Employer after a Change in Control: (i) by Employer other than
for Cause, or (ii) by Employee for Good Reason. Termination of Employee's
employment on account of death, Disability or Retirement shall not constitute a
Qualifying Termination.

                  (H) "Retirement" means the termination of Employee's
employment with Employer: (i) on or after the first of the month coincident with
or next following Employee's attainment of age sixty-five (65), or (ii) on such
later date as may be provided in a written agreement between Employer and
Employee.

                  (I) "Subsidiary" means any corporation or other entity in
which Company: (i) has a direct or indirect ownership interest of fifty percent
(50%) or more of the total combined voting power of the then-outstanding
securities or interests of such corporation or other entity entitled to vote
generally in the election of directors, or (ii) has the right to receive fifty
percent (50%) or more of the distribution of profits or fifty percent (50%) of
the assets upon liquidation or dissolution of such corporation or other entity.

                  (J) "Termination Period" means the period of time beginning
with a Change in Control and ending two (2) years following such Change in
Control.

                  (K) "Highest Base Salary" means Employee's highest annual base
salary (excluding any bonuses) paid to Employee by Employer during Employer's
last three (3) fiscal years completed immediately prior to the Date of
Termination.

                  (L) "Company" means LNB Bancorp, Inc. and its successors.

           10.2   Notwithstanding any contrary provision in Section 7 or in
any other Section of this Agreement, if (during the Termination Period)
Employee's employment with Employer terminates pursuant to a Qualifying
Termination:

                  (A) Employer shall pay to Employee, within twenty (20) days
following the Date of Termination, a lump sum cash amount equal to the sum of
(i) Employee's Highest Base Salary, as defined in Section 10.1(K), as measured
from the Date of Termination through the remainder of the Agreement Term (but
not less than twenty-four (24) months), plus (ii) any bonuses which have been
earned through the Date of Termination and are payable, to the extent not
theretofore paid or deferred, plus (iii) a pro rata portion of Employee's annual
bonus for the fiscal year in which Employee's Date of Termination occurs in an
amount at least equal to: (a) Employee's Bonus Amount multiplied by (b) a
fraction, the numerator of which is the number of days in the fiscal year in
which the Date of Termination occurs through the Date of Termination and the
denominator of which is three hundred sixty-five (365), and reduced by (c) any
amounts paid to Employee by Employer as an executive bonus (pursuant to approval
of the Board of Directors) for the fiscal year in which Employee's Date of
Termination occurs, plus (iv) any accrued and unpaid vacation pay; plus (v)
Employee's annual bonus for each remaining Contract Year of the Agreement Term,
as measured from the Date of Termination through the remainder of the Agreement
Term (but not less than twenty-four (24) months) in an amount equal to fifty
percent (50%) of Basic Salary in effect on Date of Termination; plus (vi) a pro
rata portion of Employee's long-term incentive awards under Section 5.2 for the
Contract Year in which the Date of Termination occurs and each remaining
Contract Year of the Agreement Term, as measured from the Date of Termination
through the remainder of the Agreement Term (but not less than twenty-four (24)
months) in an amount equal to fifty percent (50%) of Basic Salary in effect on
the Date of Termination.

<PAGE>

                  (B) Employer shall continue to provide, for a period as
measured from the Date of Termination through the remainder of the Agreement
Term (but not less than twenty-four (24) months), Employee (and Employee's
dependents, if applicable) with the same level of medical, dental, accident,
disability and life insurance benefits and continuing education payments
(necessary for Employee to maintain any educational requirements related to
Employee's employment duties with Employer) upon substantially the same terms
and conditions (including contributions required by Employee for such benefits)
as existed immediately prior to Employee's Date of Termination (or, if more
favorable to Employee, as such benefits and terms and conditions existed
immediately prior to the Change in Control); provided, however, that if Employee
is not eligible or qualified to continue to participate in Employer's plans
providing such benefits, Employer shall otherwise provide such benefits on the
same after-tax basis as if continued participation had been permitted.
Notwithstanding the foregoing, in the event Employee becomes re-employed with
another employer and becomes eligible to receive welfare benefits from such
employer, the welfare benefits described herein shall be secondary to such
benefits during the period of such eligibility but only if (and to the extent
that) Employer reimburses Employee for any increased cost and provides any
additional benefits necessary to give Employee the benefits provided in this
Section 10.2(B). Employee's accrued benefits as of the Date of Termination under
Employer's employee benefit plans shall be payable in accordance with the terms
of such plans. All of Employee's remaining stock options under Section 5.1 shall
be immediately awarded and all unvested stock options shall immediately vest as
of the Date of Termination and a sixty (60)-day exercise period for such stock
options shall commence. Upon exercise, Employee shall have the right to purchase
up to the full amount of shares subject to such options at a price per share
equal to the lesser of (i) the market value of such shares on the close of the
date of the Qualifying Termination or (ii) the market value of such shares on
the immediately preceding anniversary of the commencement of the Agreement Term.
Any stock options not exercised and fully paid by the end of the sixty (60)-day
exercise period shall automatically become null and void.

                  (C) If all or any portion of the amount payable to Employee
under this Section 10.2, including the issuance of common stock hereunder,
constitutes "excess parachute payments" within the meaning of Section 280G of
the Internal Revenue Code (as may be periodically amended) that are subject to
the excise tax imposed by Section 4999 of the Code (or any similar tax or
assessment), then, if and only if, the Qualifying Termination occurs on or
before February 1, 2009, the amounts payable hereunder shall be increased to the
extent necessary to place Employee in the same after-tax position as he would
have been in had no such tax assessment been imposed on any such payment paid or
payable to Employee under this Agreement. The determination of the amount of any
such tax or assessment and the incremental payment required hereby and in
connection therewith shall be made by the accounting firm employed by Employee
within thirty (30) calendar days after such payment and said incremental payment
shall be made within five (5) calendar days after such determination has been
verified as soon as practicable thereafter (but not greater than thirty (30)
days) by the accounting firm employed by Employer. In the event that the
Qualifying Termination occurs on or after February 2, 2009, then, at Employee's
option: (i) if Employee agrees to personally pay all taxes, interests and/or
penalties arising from such excess parachute payments, Employee may elect to
receive all payments under this Section 10.2; or (ii) if Employee does not agree
to personally pay all taxes, interests and/or penalties arising from such excise
parachute payments, Employer's payments to Employee under this Section 10.2
shall be reduced to the extent that the total of all such payments constitute an
excess parachute payment under Section 280G of the Code.

               10.3   Employer shall withhold from all payments due to Employee
(or Employee's beneficiaries or estate) hereunder all taxes which, by applicable
federal, state, local or other law, Employer is required to withhold therefrom.

               10.4  (A) This Section 10 shall not be terminated by any
Business Combination. In the event of any Business Combination, the provisions
of this Section 10 shall be binding upon the Surviving Corporation and such
Surviving Corporation shall be treated as Employer hereunder.

                  (B) Employer agrees that, in connection with any Business
Combination, Employer will cause any successor entity to Employer
unconditionally to assume (and, for any Parent Corporation in such Business
Combination, to guarantee), by written instrument delivered to Employee (or
Employee's beneficiaries or estate), all of the obligations of Employer under
this Section 10. Failure of Employer to obtain such assumption or guarantee
prior to the effectiveness of any such Business Combination that constitutes a
Change in Control shall be a breach of this Agreement and shall constitute Good
Reason hereunder and, further, shall entitle Employee to

<PAGE>

compensation and other benefits from Employer in the same amount and on the same
terms as Employee would be entitled hereunder as if Employee's employment were
terminated following a Change in Control by reason of a Qualifying Termination.
For purposes of implementing this Section 10.4(B), the date on which any such
Business Combination becomes effective shall be deemed the date Good Reason
occurs and shall be the Date of Termination, if so requested by Employee.

                  (C) This Section 10 shall inure to the benefit of and be
enforceable by Employee's personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. If
Employee dies while any amounts would have been payable to Employee under this
Section 10 if Employee had continued to live, all such amounts (unless otherwise
provided herein) shall be paid in accordance with the terms of this Section 10
to such person or persons appointed in writing by Employee to receive such
amounts or, if no person is so appointed, to Employee's estate.

               10.5 In the event of a tender or exchange offer, proxy contest,
or the execution of any agreement which, if consummated, would constitute a
Change in Control, Employee agrees (as a condition to receiving any payments and
benefits under Section 10.2 of this Agreement) not to leave voluntarily the
employ of the Employer (other than as a result of Disability, Retirement or an
event which would constitute Good Reason if a Change in Control had occurred)
until the Change in Control occurs or, if earlier, such tender or exchange
offer, proxy contest or agreement is terminated or abandoned.

        11.    MISCELLANEOUS.

               11.1 This Agreement constitutes the entire agreement among the
Parties with respect to the subject matter hereof and supersedes any and all
other prior or contemporaneous agreements or contracts (either oral or written)
between the Parties with respect to the subject matter hereof.

               11.2 The invalidity or unenforceability of any particular
provision of this Agreement shall not affect its other provisions and this
Agreement shall be construed in all respects as if such invalid or unenforceable
provision had been omitted.

               11.3 Except as otherwise expressly provided herein, this
Agreement shall be binding upon and inure to the benefit of Employer, its
successors and assigns and upon Employee, Employee's administrators, executors,
legatees, heirs and assigns. At any time, Employer may assign this Agreement and
Employer's rights, duties, obligations and benefits thereunder to any Subsidiary
as defined in Section 10.1(I) of this Agreement.

               11.4 This Agreement shall be construed and enforced under and in
accordance with the laws of the State of Ohio; for all litigation arising
hereunder, the State Courts of Lorain County, Ohio shall have exclusive venue;
and each Party (separately and collectively) hereby submits to the personal
jurisdiction of the State Courts of Lorain County, Ohio for all litigation
arising under this Agreement.

               11.5 All promises, representations, warranties and covenants of
the Parties shall survive termination of the Agreement Term, unless otherwise
expressly provided herein.
IN WITNESS WHEREOF, the Parties have set their hands as of the day and year
first above written.

In the Presence of:

-------              -----------------------
(Signature of First Witness)                Daniel E. Klimas

                                   "Employee"

-------
(Signature of Second Witness)

                  LNB BANCORP, INC.

<PAGE>

<TABLE>
<CAPTION>
<S>               <C>                                <C>       <C>

                  By:
---------            -----------------------
(Signature of First Witness)                         James R. Herrick, Chairman of the Board

---------
(Signature of Second Witness)

                  THE LORAIN NATIONAL BANK

                  By:
---------            -----------------------
(Signature of First Witness)                         James R. Herrick, Chairman of the Board

---------
(Signature of Second Witness)                                 "Employer"
</TABLE>

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