Document:

<PAGE>

                                                                 EXHIBIT 10 (ii)

                              EMPLOYMENT AGREEMENT

      THIS Employment Agreement (this "Agreement") is entered into effective the
9th day of November, 2001, by and between Camco Financial Corporation, a savings
and loan holding company incorporated under the laws of the State of Delaware
("Camco"), the principal office of which is located at 6901 Glenn Highway,
Cambridge, Ohio, and Larry A. Caldwell (the "Employee"), an individual whose
residential address is 10491 Rock Hill Road, Cambridge, Ohio 43725;

                                   WITNESSETH:

      WHEREAS, the Employee has been employed by Camco and/or its subsidiaries
for 44 years, most recently as the Chairman of the Board of Camco and Chairman
of the Board of Advantage Bank, a wholly-owned subsidiary of Camco;

      WHEREAS, the Employee and Camco have agreed that the Employee will retain
the position of Chairman of the Board of the Company and Advantage Bank but will
reduce his responsibilities and involvement in other aspects of the business of
Camco; and

      WHEREAS, as a result of the skill, knowledge, experience and performance
of the Employee, Camco desires to continue to retain the services of the
Employee as Chairman of the Board of Camco and Advantage Bank in accordance with
the terms and conditions of this Agreement;

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

      1. Employment and Term. The Employee shall continue to serve as the
Chairman of the Board of Camco and Advantage Bank for the period commencing on
the date of this Agreement and ending on November 8, 2002 (the "Initial Term").
At the end of the Initial Term and each year thereafter, this Agreement may be
extended for periods of one year each by Camco's Board of Directors ("Board") at
its sole and exclusive discretion, subject to the Employee's acceptance thereof.
The Initial Term of this Agreement, together with each extension period, is
hereinafter referred to as the "Term".

      2. Duties of Employee.

            (a) General Duties and Responsibilities. The Employee shall serve as
the Chairman of the Board of Camco and Advantage Bank; shall perform the duties
and responsibilities hereinafter set forth to the best of his ability and in
accordance with (i) the policies established by the Board and (ii) all
applicable laws and regulations.

<PAGE>

                  The Employee's duties shall include (i) presiding at meetings
of the Board and the shareholders of Camco and the board of directors of
Advantage Bank; (ii) identifying merger and acquisition prospects and
evaluating, analyzing and negotiating merger and acquisition opportunities;
(iii) assisting Camco in presentations to and communications with stock
analysts, investment bankers and stockholders; (iv) advising senior management
of Camco and Advantage Bank; (v) participating in regulatory and trade
association programs and activities; (vi) advising and assisting with
legislative issues affecting Camco or Advantage Bank; and (vii) such other
matters as the Board and the Employee shall mutually agree upon.

            (b) Devotion of Time to Camco's Business. The Employee shall devote
1,000 hours per year to the faithful performance of his duties under this
Agreement. The Employee shall not directly or indirectly render any services of
a business, commercial or professional nature to any person or organization
without the prior written consent of the Board; provided, however, that the
Employee shall not be precluded from: (i) reasonable participation in community,
civic, charitable or similar organizations; (ii) reasonable participation in
industry-related activities including, but not limited to, attending
industry-related and trade association (national and state) conventions,
conferences and committee meetings, and holding positions of responsibility
therein; (iii) serving as an officer and/or director of Camco's subsidiaries and
receiving and retaining compensation, directors' fees and other benefits
therefrom; or (iv) the pursuit of personal investments that do not interfere or
conflict with the performance of the Employee's duties for Camco.

      3. Compensation, Benefits and Reimbursements.

            (a) Salary. The Employee shall receive an annual salary payable in
equal installments not less often than monthly. The amount of the annual salary
shall be $118,000. Any directors' fees received by Employee, whether paid by
Camco or any other entity, shall be in addition to the salary provided for in
this Agreement and may be retained by Employee in their entirety.

            (b) Expenses. In addition to any compensation received under Section
3(a), Camco shall pay or reimburse the Employee for all reasonable travel,
entertainment and miscellaneous expenses incurred in connection with the
performance of his duties under this Agreement including participation in
industry-related activities. Such reimbursement shall be made in accordance with
the existing policies and procedures of Camco pertaining to reimbursement of
expenses to senior management officials.

            (c) Employee Benefits. During the Term, the Employee shall be
entitled to participate in all tax-qualified employee benefit plans that are
maintained by Camco from time to time during the Term (collectively, the
"Benefit Plans"), unless the Employee's participation is prohibited by law or
the express terms of such Benefit Plans.

                  The Employee shall be entitled to a distribution under Camco's
incentive bonus plan when bonuses are awarded in 2002. The Employee's bonus
shall be pro-rated based on the Employee's service to Camco for the period
beginning January 1, 2001 to the date of this

                                      -2-

<PAGE>

Agreement. Except for the foregoing distribution, the Employee shall not be a
participant in any non-tax-qualified benefit plan of Camco or Advantage Bank
with respect to any period after the date of this Agreement.

            (d) Vacation and Sick Leave. The Employee shall not be entitled to
paid vacation or sick leave without the prior written consent of the Board.

            (e) Other Benefits. Employee shall be entitled to the full-time use
of a company-owned automobile. Camco shall be responsible for the cost of
obtaining collision and liability insurance for the automobile and shall pay for
all other costs of operating the automobile including fuel, maintenance and
repair. During the Term, Camco shall pay Employee's membership dues at the
Cambridge Country Club.

      4. Termination of Employment. Camco may terminate the employment of the
Employee at any time. In the event that Camco terminates the employment of the
Employee during the Term because of the Employee's personal dishonesty,
incompetence, willful misconduct, breach of fiduciary duty involving personal
profit, intentional failure or refusal to perform the duties and
responsibilities assigned in this Agreement, willful violation of any law, rule,
regulation or final cease-and-desist order (other than traffic violations or
similar offenses), conviction of a felony or for fraud or embezzlement, or
material breach of any provision of this Agreement (collectively, "Just Cause"),
the Employee shall have no right to receive any compensation or other benefits
for any period after such termination. If the employment of the Employee is
terminated during the Term for any reason other than Just Cause, the Employee,
depending on the circumstances, shall be entitled to the following:

            (a) Termination After Change of Control. If, in connection with or
within one year of a Change of Control (hereinafter defined) of Camco, Camco
terminates the employment of the Employee for any reason other than Just Cause,
or if the Employee elects to terminate his employment, then the following shall
occur:

                  (i) If the Change of Control occurs prior to November 9, 2004
(provided this Agreement is still in effect at such time) Camco shall promptly
pay to the Employee or to his beneficiaries, dependents or estate an amount
equal to $353,999.

                  (ii) If the Change of Control occurs after November 9, 2004
but before November 9, 2005 (provided this Agreement is still in effect at such
time), Camco shall promptly pay to the Employee or to his beneficiaries,
dependents or estate an amount equal to $236,000.

                  (iii) If the Change of Control occurs after November 9, 2005
but before November 9, 2006 (provided this Agreement is still in effect at such
time), Camco shall promptly pay to the Employee or to his beneficiaries,
dependents or estate an amount equal to $118,000.

                  (iv) The Employee shall not be required to mitigate the amount
of any payment provided for in this Agreement, whether in this paragraph or
elsewhere in this Agreement, by seeking other employment or otherwise, nor shall
any amounts received from

                                      -3-

<PAGE>

other employment or otherwise by the Employee offset in any manner the
obligations of Camco hereunder.

                  A "Change of Control" shall mean any one of the following
events: (i) the acquisition of ownership or power to vote more than 25% of the
voting stock of Camco; (ii) the acquisition of the ability to control the
election of a majority of the directors of Camco; (iii) during any period of two
consecutive years individuals who at the beginning of such period constitute the
Board cease for any reason to constitute at least a majority thereof; provided,
however, that any individual whose election or nomination for election as a
member of the Board was approved by a vote of at least two-thirds of the
directors then in office shall be considered to have continued to be a member of
the Board; or (iv) the acquisition by any person or entity of "conclusive
control" of Camco within the meaning of 12 C.F.R. Section 574.4(a), or the
acquisition by any person or entity of "rebuttable control" within the meaning
of 12 C.F.R. Section 574.4(b) that has not been rebutted in accordance with 12
C.F.R. Section 574.4(c). For purposes of this paragraph, the term "person"
refers to an individual or corporation, partnership, trust, association, or
other organization, but does not include the Employee and any person or persons
with whom the Employee is "acting in concert" within the meaning of 12 C.F.R.
Part 574.

            (b) Termination without Change of Control. In the event Camco
terminates the employment of the Employee for any reason other than Just Cause
and the termination is not covered by the provisions of subsection (a) of this
Section 4, Camco shall be obligated to continue to pay on a monthly basis to the
Employee, his designated beneficiaries or his estate, his annual salary provided
pursuant to Section 3 of this Agreement for the unexpired Term. The Employee may
choose, in lieu of monthly payments of the amounts set forth above, to receive a
lump sum payment equal to the present value of such payments. For purposes of
computing such lump-sum payment, the parties shall use a discount rate of five
percent (5%).

            (c) Death of the Employee. The Employment Term automatically
terminates upon the death of the Employee. In the event of such death, the
Employee's estate shall be entitled to receive the compensation due the Employee
through the last day of the calendar month in which the death occurred.

      5. Consolidation, Merger or Sale of Assets. Nothing in this Agreement
shall preclude Camco from consolidating with, merging into, or transferring all,
or substantially all, of its assets to another corporation that assumes all of
Camco's obligations and undertakings hereunder. Upon such a consolidation,
merger or transfer of assets, the term "Camco" as used herein, shall mean such
other corporation or entity and this Agreement shall continue in full force and
effect.

      6. Confidential Information. The Employee acknowledges that during his
employment he has learned, will learn and will have access to confidential
information regarding Camco and its customers and business. The Employee agrees
and covenants not to disclose or use for his own benefit or the benefit of any
other person or entity any confidential information, unless or until Camco
consents to such disclosure or use or such information becomes common knowledge
in the industry or is otherwise legally in the public domain. The Employee shall
not

                                      -4-

<PAGE>

knowingly disclose or reveal to any unauthorized person any confidential
information relating to Camco, its subsidiaries or affiliates, or to any of the
businesses operated by them, and the Employee confirms that such information
constitutes the exclusive property of Camco. The Employee shall not otherwise
knowingly act or conduct himself (i) to the material detriment of Camco, its
subsidiaries or affiliates or (ii) in a manner which is inimical or contrary to
the interests of Camco.

      7. Nonassignability. Neither this Agreement nor any right or interest
hereunder shall be assignable by the Employee, his beneficiaries or legal
representatives without Camco's prior written consent; provided, however, that
nothing in this Section 7 shall preclude (i) the Employee from designating a
beneficiary to receive any benefits payable hereunder upon his death or (ii) the
executors, administrators or other legal representatives of the Employee or his
estate from assigning any rights hereunder to the person or persons entitled
thereto.

      8. No Attachment. Except as required by law, no right to receive payment
under this Agreement shall be subject to anticipation, commutation, alienation,
sale, assignment, encumbrance, charge, pledge or hypothecation or to execution,
attachment, levy or similar process of assignment by operation of law, and any
attempt, voluntary or involuntary, to effect any such action shall be null, void
and of no effect.

      9. Binding Agreement. This Agreement shall be binding upon, and inure to
the benefit of, the Employee and Camco and their respective permitted successors
and assigns.

      10. Amendment of Agreement. This Agreement may not be modified or amended,
except by an instrument in writing signed by the parties hereto.

      11. Waiver. No term or condition of this Agreement shall be deemed to have
been waived, nor shall there be an estoppel against the enforcement of any
provision of this Agreement, except by written instrument of the party charged
with such waiver or estoppel. No such written waiver shall be deemed a
continuing waiver, unless specifically stated therein, and each waiver shall
operate only as to the specific term or condition waived and shall not
constitute a waiver of such term or condition for the future or as to any act
other than the act specifically waived.

      12. Severability. If, for any reason, any provision of this Agreement is
held invalid, such invalidity shall not affect the other provisions of this
Agreement not held so invalid, and each such other provision shall, to the full
extent consistent with applicable law, continue in full force and effect. If
this Agreement is held invalid or cannot be enforced, then any prior agreement
between Camco (or any predecessor thereof) and the Employee shall be deemed
reinstated to the full extent permitted by law, as if this Agreement had not
been executed.

      13. Headings. The headings of the paragraphs herein are included solely
for convenience of reference and shall not control the meaning or interpretation
of any of the provisions of this Agreement.

                                      -5-

<PAGE>

      14. Governing Law. This Agreement has been executed and delivered in the
State of Ohio, and its validity, interpretation, performance and enforcement
shall be governed by the laws of the State of Ohio, except to the extent that
federal or Delaware law is governing.

      15. Effect of Prior Agreements. This Agreement contains the entire
understanding between the parties hereto and supersedes any prior employment
agreement between Camco, or any predecessor of Camco, and the Employee.

      IN WITNESS WHEREOF, Camco has caused this Agreement to be executed by its
duly authorized officers, and the Employee has signed this Agreement, all as of
the day and year first above written.

Attest:                                            CAMCO FINANCIAL CORPORATION

/s/ Anita L. Frencik                               By: /s/ Richard C. Baylor
------------------------------------                   -----------------------
                                                       Richard C. Baylor
Its Assistant Secretary                                Its President

Witness:

/s/ Sharon K. Chorey                               /s/ Larry A. Caldwell
------------------------------------               ----------------------------
                                                   Larry A. Caldwell

                                      -6-
<PAGE>

                                 EXHIBIT 10(ii)
                                   SCHEDULE A

                         EMPLOYMENT AGREEMENT EXTENSION

            RE: EMPLOYMENT AGREEMENT ENTERED INTO EFFECTIVE 11/09/01

After careful consideration of the job performance of Larry A. Caldwell as an
Executive of Camco Financial Corporation, and

Recognizing that Larry A. Caldwell continues to perform above expectations, and

By authority of the Camco Board of Directors dated November 23, 2004, I hereby
extend the current Employment Agreement of Larry A. Caldwell in the capacity of
"Active Chairman of the Board" to expire November 8, 2005, and

Set Larry A. Caldwell's annual salary at $125,000 retroactive to November 9,
2004.

Also, Section 4 of this Agreement is revised as follows:

      4 (a) (i)   Deleted
      4 (a) (ii)  $250,000
      4 (a) (iii) $125,000

                                         By /s/ Richard C. Baylor
                                            ------------------------
                                         Richard C. Baylor
                                         President/CEO
                                         Camco Financial Corporation

                                         By /s/ Larry A. Caldwell
                                            ------------------------
                                         Larry A. Caldwell

Dated: December 15, 2004<PAGE>

                                 EXHIBIT 10(iv)
                             CAMBRIDGE SAVINGS BANK
                                 CAMBRIDGE, OHIO
                                    AGREEMENT

                            SALARY CONTINUATION PLAN

      THIS AGREEMENT is made this 10th day of September, 1996 by and between
CAMBRIDGE SAVINGS BANK (the "Company"), and ______________ (the "Executive").

                                  INTRODUCTION

      To encourage the Executive to remain an employee of the Company, the
Company is willing to provide salary continuation benefits to the Executive. The
Company will pay the benefits from its general assets.

                                    AGREEMENT

      The Executive and the Company agree as follows:

                                    ARTICLE 1

                                   DEFINITIONS

      1.1 Definitions. Whenever used in this Agreement, the following words and
phrases shall have the meanings specified:

            1.1.1 "Change of Control" means the transfer of 51% or more of the
      Company's outstanding voting common stock followed within twelve (12)
      months by the Executive's Termination of Employment for reasons other than
      death, disability or retirement.

      1.1.2 "Code" means the Internal Revenue Code of 1986, as amended.
      References to a Code section shall be deemed to be to that section as it
      now exists and to any successor provision.

Defined Benefit -- Specified Amount
<PAGE>

      1.1.3 "Disability" means, if the Executive is covered by a
      Company-sponsored disability insurance policy, total disability as defined
      in such policy without regard to any waiting period. If the Executive is
      not covered by such a policy, Disability means the Executive suffering a
      sickness, accident or injury which, in the judgment of a physician
      satisfactory to the Company, prevents the Executive from performing
      substantially all of the Executive's normal duties for the Company. As a
      condition to any benefits, the Company may require the Executive to submit
      to such physical or mental evaluations and tests as the Company's Board of
      Directors deems appropriate.

      1.1.4 "Early Retirement Date" means the Executive attaining age FIFTY-FIVE
      (55) or completing FIFTEEN (15) Years of Service.

      1.1.5 "Normal Retirement Date" means the Executive attaining age
      SIXTY-FIVE (65).

      1.1.6 "Termination of Employment" means the Executive's ceasing to be
      employed by the Company for any reason whatsoever, voluntary or
      involuntary, other than by reason of an approved leave of absence.

      1.1.7 "Years of Service" means the total number of twelve-month periods
      during which the Executive is employed on a full-time basis by the
      Company, inclusive of any approved leaves of absence.

                                    ARTICLE 2

                                LIFETIME BENEFITS

      2.1 Normal Retirement Benefit. If the Executive terminates employment on
or after the Normal Retirement Date for reasons other than death, the Company
shall pay to the Executive the benefit described in this Section 2.1.

            2.1.1 Amount of Benefit. The benefit under this Section 2.1 is
      $_______ for a period of fifteen (15) years.

            2.1.2 Payment of Benefit. The Company shall pay the benefit to the
      Executive on the first day of each month commencing with the month
      following the Retirement Date and continuing for an additional ONE HUNDRED
      SEVENTY-NINE (179) months.

                                       2
<PAGE>

      2.2 Early Retirement Benefit. If the Executive terminates employment after
the Early Retirement Date but before the Normal Retirement Date, and for reasons
other than death or Disability, the Company shall pay to the Executive the
benefit described in this Section 2.2.

            2.2.1 Amount of Benefit. The benefit under this Section 2.2 is the
      benefit determined under Schedule A based on the date of the Executive's
      Termination of Employment. Schedule A is calculated using the interest
      method of accounting, a SEVEN AND ONE-HALF PERCENT (7.5%) discount rate,
      and assuming monthly compounding and monthly benefit payments.

            2.2.2 Payment of Benefit. The Company shall pay the benefit to the
      Executive on the first day of each month commencing with the month
      following the Executive's Normal Retirement Date and continuing for an
      additional ONE HUNDRED SEVENTY-NINE (179) months.

      2.3 Disability Benefit. If the Executive terminates employment for
Disability prior to the Normal Retirement Date, the Company shall pay to the
Executive the benefit described in this Section 2.3.

            2.3.1 Amount of Benefit. The benefit under this Section 2.3 is the
      benefit determined under Schedule A based on the date of the Executive's
      Termination of Employment.

            2.3.2 Payment of Benefit. The Company shall pay the benefit to the
      Executive on the first day of each month commencing with the month
      following the Executive's Termination of Employment and continuing until
      the earlier of (a) the Executive's recovery from the Disability, or (b) an
      additional ONE HUNDRED SEVENTY-NINE (179) months.

      2.4 Change of Control Benefit. Upon a Change of Control while the
Executive is in the active service of the Company, the Company shall pay to the
Executive the benefit described in this Section 2.4 in lieu of any other benefit
under this Agreement.

      2.4.1. Amount of Benefit. The benefit under this Section 2.4 is the
      benefit determined under Schedule A based on the date of the Executive's
      Termination of Employment.

            2.4.2 Payment of Benefit. The Company shall pay the benefit to the
      Executive in a lump sum within SIXTY (60) days after the Change of
      Control.

                                       3
<PAGE>

                                    ARTICLE 3

                                 DEATH BENEFITS

      3.1 Death During Active Service. If the Executive dies while in the active
service of the Company, the Company shall pay to the Executive's beneficiary the
benefit described in this Section 3.1.

            3.1.1 Amount of Benefit. The benefit under Section 3.1 is the
      lifetime benefit that would have been paid to the Executive under Section
      2.1 calculated as if the date of the Executive's death were the Normal
      Retirement Date.

            3.1.2 Payment of Benefit. The Company shall pay the benefit to the
      Beneficiary on the first day of each month commencing with the month
      following the Executive's death and continuing for an additional ONE
      HUNDRED SEVENTY-NINE (179) months.

      3.2 Death During Benefit Period. If the Executive dies after benefit
payments have commenced under this Agreement but before receiving all such
payments, the Company shall pay the remaining benefits to the Executive's
beneficiary at the same time and in the same amounts they would have been paid
to the Executive had the Executive survived.

                                    ARTICLE 4

                                  BENEFICIARIES

      4.1 Beneficiary Designations. The Executive shall designate a beneficiary
by filing a written designation with the Company. The Executive may revoke or
modify the designation at any time by filing a new designation. However,
designations will only be effective if signed by the Executive and accepted by
the Company during the Executive's lifetime. The Executive's beneficiary
designation shall be deemed automatically revoked if the beneficiary predeceases
the Executive, or if the Executive names a spouse as beneficiary and the
marriage is subsequently dissolved. If the Executive dies without a valid
beneficiary designation, all payments shall be made to the Executive's surviving
spouse, if any, and if none, to the Executive's surviving children and the
descendants of any deceased child by right of representation, and if no children
or descendants survive, to the Executive's estate.

                                        4
<PAGE>

      4.2 Facility of Payment. If a benefit is payable to a minor, to a person
declared incompetent, or to a person incapable of handling the disposition of
his or her property, the Company may pay such benefit to the guardian, legal
representative or person having the care or custody of such minor, incompetent
person or incapable person. The Company may require proof of incompetency,
minority or guardianship as it may deem appropriate prior to distribution of the
benefit. Such distribution shall completely discharge the Company from all
liability with respect to such benefit.

                                    ARTICLE 5

                               GENERAL LIMITATIONS

      Notwithstanding any provision of this Agreement to the contrary, the
Company shall not pay any benefit under this Agreement:

      5.1 Excess Parachute Payment. To the extent the benefit would be an excess
parachute payment under Section 280G of the Code.

      5.2 Termination for Cause. If the Company terminates the Executive's
employment for:

            5.2.1 Gross negligence or gross neglect of duties;

            5.2.2 Commission of a felony or of a gross misdemeanor involving
      moral turpitude; or

            5.2.3 Fraud, disloyalty, dishonesty or willful violation of any law
      or significant Company policy committed in connection with the Executive's
      employment and resulting in an adverse effect on the Company.

      5.3 Suicide. No benefits shall be payable if the Executive commits suicide
within two years after the date of this Agreement, or if the Executive has made
any material misstatement of fact on any application for life insurance
purchased by the Company.

                                        5
<PAGE>

                                    ARTICLE 6

                          CLAIMS AND REVIEW PROCEDURES

      6.1 Claims Procedure. The Company shall notify the Executive's beneficiary
in writing, within ninety (90) days of his or her written application for
benefits, of his or her eligibility or noneligibility for benefits under the
Agreement. If the Company determines that the beneficiary is not eligible for
benefits or full benefits, the notice shall set forth (1) the specific reasons
for such denial, (2) a specific reference to the provisions of the Agreement on
which the denial is based, (3) a description of any additional information or
material necessary for the claimant to perfect his or her claim, and a
description of why it is needed, and (4) an explanation of the Agreement's
claims review procedure and other appropriate information as to the steps to be
taken if the beneficiary wishes to have the claim reviewed. If the Company
determines that there are special circumstances requiring additional time to
make a decision, the Company shall notify the beneficiary of the special
circumstances and the date by which a decision is expected to be made, and may
extend the time for up to an additional ninety-day period.

      6.2 Review Procedure. If the beneficiary is determined by the Company not
to be eligible for benefits, or if the beneficiary believes that he or she is
entitled to greater or different benefits, the beneficiary shall have the
opportunity to have such claim reviewed by the Company by filing a petition for
review with the Company within sixty (60) days after receipt of the notice
issued by the Company. Said petition shall state the specific reasons which the
beneficiary believes entitle him or her to benefits or to greater or different
benefits. Within sixty (60) days after receipt by the Company of the petition,
the Company shall afford the beneficiary (and counsel, if any) an opportunity to
present his or her position to the Company orally or in writing, and the
beneficiary (or counsel) shall have the right to review the pertinent documents.
The Company shall notify the beneficiary of its decision in writing within the
sixty-day period, stating specifically the basis of its decision, written in a
manner calculated to be understood by the beneficiary and the specific
provisions of the Agreement on which the decision is based. If, because of the
need for a hearing, the sixty-day period is not sufficient, the decision may be
deferred for up to another sixty-day period at the election of the Company, but
notice of this deferral shall be given to the beneficiary.

                                       6
<PAGE>

                                    ARTICLE 7

                           AMENDMENTS AND TERMINATION

      The Company may amend or terminate this Agreement at any time if, pursuant
to legislative, judicial or regulatory action, continuation of the Agreement
would (i) cause benefits to be taxable to the Executive prior to actual receipt,
or (ii) result in significant financial penalties or other significantly
detrimental ramifications to the Company (other than the financial impact of
paying the benefits). In the event of any such amendment or termination, the
Executive shall be 100% vested in the portion of the Normal Retirement Benefit
accrued to the Executive's benefit under Section 2.1 as of the date of the
amendment or termination.

                                    ARTICLE 8

                                  MISCELLANEOUS

      8.1 Binding Effect. This Agreement shall bind the Executive and the
Company, and their beneficiaries, survivors, executors, administrators and
transferees.

      8.2 No Guaranty of Employment. This Agreement is not an employment policy
or contract. It does not give the Executive the right to remain an employee of
the Company, nor does it interfere with the Company's right to discharge the
Executive. It also does not require the Executive to remain an employee nor
interfere with the Executive's right to terminate employment at any time.

      8.3 Non-Transferability. Benefits under this Agreement cannot be sold,
transferred, assigned, pledged, attached or encumbered in any manner.

      8.4 Tax Withholding. The Company shall withhold any taxes that are
required to be withheld from the benefits provided under this Agreement.

      8.5 Applicable Law. The Agreement and all rights hereunder shall be
governed by the laws of OHIO, except to the extent preempted by the laws of the
United States of America.

      8.6 Unfunded Arrangement. The Executive and beneficiary are general
unsecured creditors of the Company for the payment of benefits under this
Agreement. The benefits represent the mere promise by the Company to pay such
benefits. The rights to benefits are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or
garnishment by creditors. Any insurance on

                                       7
<PAGE>

the Executive's life is a general asset of the Company to which the Executive
and beneficiary have no preferred or secured claim.

      IN WITNESS WHEREOF, the Executive and a duly authorized Company officer
have signed this Agreement.

EXECUTIVE:                                           COMPANY:
                                                     CAMBRIDGE SAVINGS BANK

_____________                                        BY: _________________
                                                     TITLE: ______________

                                       8
<PAGE>

                             CAMBRIDGE SAVINGS BANK
                          SALARY CONTINUATION AGREEMENT
                                EDWARD A. WRIGHT

                                   SCHEDULE A

<TABLE>
<CAPTION>
                             ACCRUED SALARY
                       PLAN   CONTINUATION
DATE         AGE       YEAR     LIABILITY
----         ---       ----  --------------
<S>          <C>       <C>   <C>
1996         34          1     $  1,205
1997         35          2        2,503
1998         36          3        3,902
1999         37          4        5,410
2000         38          5        7,035
2001         39          6        8,786
2002         40          7       10,673
2003         41          8       12,706
2004         42          9       14,897
2005         43         10       17,258
2006         44         11       19,802
2007         45         12       22,544
2008         46         13       25,499
2009         47         14       28,683
2010         48         15       32,114
2011         49         16       35,812
2012         50         17       39,797
2013         51         18       44,091
2014         52         19       48,718
2015         53         20       53,705
2016         54         21       59,079
2017         55         22       64,870
2018         56         23       71,111
2019         57         24       77,836
2020         58         25       85,083
2021         59         26       92,893
2022         60         27      101,309
2023         61         28      110,378
2024         62         29      120,152
2025         63         30      130,684
2026         64         31      142,034
</TABLE>

           BENEFIT PAYOUT AT AGE 65 IS $15,800 PER YEAR FOR 15 YEARS.

<PAGE>

                             CAMBRIDGE SAVINGS BANK
                          SALARY CONTINUATION AGREEMENT
                                 D. EDWARD RUGG

                                   SCHEDULE A

<TABLE>
<CAPTION>
                             ACCRUED SALARY
                       PLAN   CONTINUATION
DATE         AGE       YEAR     LIABILITY
----         ---       ----  --------------
<S>          <C>       <C>   <C>
1996         41          1     $  2,852
1997         42          2        5,926
1998         43          3        9,238
1999         44          4       12,807
2000         45          5       16,654
2001         46          6       20,799
2002         47          7       25,266
2003         48          8       30,080
2004         49          9       35,267
2005         50         10       40,857
2006         51         11       46,881
2007         52         12       53,373
2008         53         13       60,369
2009         54         14       67,908
2010         55         15       76,032
2011         56         16       84,787
2012         57         17       94,221
2013         58         18      104,388
2014         59         19      115,344
2015         60         20      127,151
2016         61         21      139,874
2017         62         22      153,585
2018         63         23      168,360
2019         64         24      184,283
</TABLE>

           BENEFIT PAYOUT AT AGE 65 IS $20,500 PER YEAR FOR 15 YEARS.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]