Document:

DIRECTOR SUPPLEMENTAL

                             RETIREMENT BENEFIT PLAN

                           OSWEGO COUNTY SAVINGS BANK

                                Oswego, New York

                                 March 15, 2000

                  Financial Institution Consulting Corporation

                          700 Colonial Road, Suite 260

                            Memphis, Tennessee 38117

                              WATS: 1-800-873-0089

                               FAX: (901) 684-7414

                                 (901) 684-7400
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                 DIRECTORS SUPPLEMENTAL RETIREMENT BENEFIT PLAN

         This Directors Supplemental Retirement Benefit Plan (the "Plan"),
executed as of the 15th day March, 2000, formalizes the understanding by and
between OSWEGO COUNTY SAVINGS BANK. (the "Bank"), a state chartered savings
bank, and its directors, hereinafter referred to as "Director(s)", who shall be
eligible to participate in this Plan by execution of a Directors Supplemental
Retirement Benefit Plan Joinder Agreement ("Joinder Agreement") in a form
provided by the Bank. Any reference herein to the "Holding Company" shall mean
the Oswego County Bancorp, Inc. and any reference to the "Mutual Holding
Company" shall mean Oswego County Mutual Holding Co., M.H.C.

                              W I T N E S S E T H :

         WHEREAS, the Directors serve the Bank as members of the Board of
Directors; and

         WHEREAS, the Bank desires to honor, reward and recognize the Directors
who have provided long and faithful service to the Bank and to ensure the
continued service on the Board by such Directors until retirement age; and

         WHEREAS, the Directors wish to be assured that they will be entitled to
a certain amount of extended compensation for some definite period of time from
and after retirement from active service with the Bank or other termination of
service and wish to provide their beneficiaries with benefits from and after
death; and

         WHEREAS, the Bank and the Directors wish to provide the terms and
conditions upon which the Bank shall pay such extended compensation to the
Directors after retirement or other termination of service and/or death benefits
to their beneficiaries after death; and

         WHEREAS, the Bank and the Directors intend this Plan to be considered
an unfunded arrangement, maintained primarily to provide supplemental retirement
income for such Directors; and

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         WHEREAS, the Bank has adopted this Directors Supplemental Retirement
Benefit Plan which controls all issues relating to Retirement Benefits as
described herein;

         NOW, THEREFORE, in consideration of the premises and of the mutual
promises herein contained, the Bank and the Directors agree as follows:

                                    SECTION I

                                   DEFINITIONS

         When used herein, the following words and phrases shall have the
meanings below unless the context clearly indicates otherwise:

1.1      "Accrued Benefit" means that portion of the Retirement Benefit which is
         required to be expensed and accrued under generally accepted accounting
         principles (GAAP) by any appropriate method which the Bank's Board of
         Directors may require in the exercise of its sole discretion.

1.2      "Act" means the Employee Retirement Income Security Act of 1974, as
         amended from time to time.

1.3      "Administrator" means the Bank.

1.4      "Bank" means OSWEGO COUNTY SAVINGS BANK and any successor thereto.

1.5      "Beneficiary" means the person or persons (and their heirs) designated
         as Beneficiary in the Director's Joinder Agreement to whom the deceased
         Director's benefits are payable. If no Beneficiary is so designated,
         then the Director's Spouse, if living, will be deemed the Beneficiary.
         If the Director's Spouse is not living, then the Children of the
         Director
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         will be deemed the Beneficiaries and will take on a per stirpes basis.
         If there are no living Children, then the Estate of the Director will
         be deemed the Beneficiary.

1.6      "Benefit Age" shall be the birthday on which the Director becomes
         eligible to receive the Retirement Benefit under the Plan. Such
         birthday shall be designated in the Director's Joinder Agreement.

1.7      "Benefit Eligibility Date" shall be the date on which a Director is
         entitled to receive his Retirement Benefit. A Director's "Benefit
         Eligibility Date" shall occur on the 1st day of the month coincident
         with or next following the month in which the Director attains his
         Benefit Age designated in the Joinder Agreement.

1.8      "Cause" means personal dishonesty, willful misconduct, willful
         malfeasance, breach of fiduciary duty involving personal profit,
         intentional failure to perform stated duties, willful violation of any
         law, rule, regulation (other than traffic violations or similar
         offenses), or final cease-and-desist order, material breach of any
         provision of this Plan, or gross negligence in matters of material
         importance to the Bank.

1.9      A "Change in Control" shall mean and include the following with respect
         to the Mutual Holding Company, the Bank, or the Holding Company:

(2)               a reorganization, merger, merger conversion, consolidation or
                  sale of all or substantially all of the assets of the Bank,
                  the Mutual Holding Company or the Holding Company, or a
                  similar transaction in which the Bank, the Mutual Holding
                  Company or the Holding Company is not the resulting entity; or

(3)               individuals who constitute the board of directors of the Bank,
                  the Mutual Holding Company or the Holding Company on the date
                  hereof (the "Incumbent Board") cease for any reason to
                  constitute at least a majority thereof, provided that any
                  person becoming a director subsequent to the date hereof whose
                  election was

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                  approved by a vote of at least three-quarters of the directors
                  comprising the Incumbent Board, or whose nomination for
                  election was approved by the Holding Company's nominating
                  committee which is comprised of members of the Incumbent
                  Board, shall be, for purposes of this clause (ii) considered
                  as though he were a member of the Incumbent Board.

                  Notwithstanding the foregoing, a "Change in Control" of the
         Bank or the Holding Company shall not be deemed to have occurred if the
         Mutual Holding Company ceases to own at least 51% of all outstanding
         shares of stock of the Holding Company in connection with a liquidation
         of the Mutual Holding Company into the Holding Company or a conversion
         of the Mutual Holding Company from mutual to stock form.

                  In addition, "Change in Control" shall mean and include the
         following with respect to the Bank or the Holding Company in the event
         that the Mutual Holding Company converts to stock form or in the event
         that the Holding Company issues shares of its common stock to
         stockholders other than the Mutual Holding Company:

         (1)      a change in control of a nature that would be required to be
                  reported in response to Item 1(a) of the current report on
                  Form 8-K, as in effect on the date hereof, pursuant to Section
                  13 or 15(d) of the Securities Exchange Act of 1934
                  (hereinafter the "Exchange Act"); or

         (2)      an acquisition of "control" as defined in the Bank Holding
                  Company Act and applicable regulations thereunder ("BHCA"), as
                  determined by the Board of Directors of the Bank or the
                  Holding Company; or

         (3)      at such time as:
                  (i)      any "person" (as the term is used in Sections 13(d)
                           and 14(d) of the Exchange Act) or "group acting in
                           concert" is or becomes the "beneficial owner" (as
                           defined in Rule 13d-3 under the Exchange Act),
                           directly or indirectly, of securities of the Bank
                           representing Twenty Percent (20%) or more of the
                           combined voting power of the Bank's or Holding
                           Company's outstanding securities ordinarily having
                           the right to vote at the elections of

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                           directors, except for any stock purchased by the
                           Bank's Employee Stock Ownership Plan and/or the trust
                           under such plan; or

                  (ii)     a proxy statement is issued soliciting proxies from
                           the stockholders of the Holding Company by someone
                           other than the current management of the Holding
                           Company, seeking stockholder approval of a plan of
                           reorganization, merger, or consolidation of the
                           Holding Company with one or more corporations as a
                           result of which the outstanding shares of the class
                           of the Holding Company's securities are exchanged for
                           or converted into cash or property or securities not
                           issued by the Holding Company.

                  The term "person" includes an individual, a group acting in
         concert, a corporation, a partnership, an association, a joint venture,
         a pool, a joint stock company, a trust, an unincorporated organization
         or similar company, a syndicate or any other group formed for the
         purpose of acquiring, holding or disposing of securities. The term
         "acquire" means obtaining ownership, control, power to vote or sole
         power of disposition of stock, directly or indirectly or through one or
         more transactions or subsidiaries, through purchase, assignment,
         transfer, exchange, succession or other means, including (1) an
         increase in percentage ownership resulting from a redemption,
         repurchase, reverse stock split or a similar transaction involving
         other securities of the same class; and (2) the acquisition of stock by
         a group of persons and/or companies acting in concert which shall be
         deemed to occur upon the formation of such group, provided that an
         investment advisor shall not be deemed to acquire the voting stock of
         its advisee if the advisor (a) votes the stock only upon instruction
         from the beneficial owner and (b) does not provide the beneficial owner
         with advice concerning the voting of such stock. The term "security"
         includes nontransferable subscription rights issued pursuant to a plan
         of conversion, as well as a "security," as defined in 15 U.S.C. ss.
         78c(2)(1); and the term "acting in concert" means (1) knowing
         participation in a joint activity or interdependent conscious parallel
         action towards a common goal whether or not pursuant to an express
         agreement, or (2) a combination or pooling of voting or other interests
         in the securities of an issuer for a common purpose pursuant to any
         contract, understanding, relationship,

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         agreement or other arrangement, whether written or otherwise. Further,
         acting in concert with any person or company shall also be deemed to be
         acting in concert with any person or company that is acting in concert
         with such other person or company.

                  Notwithstanding the above definitions, the boards of directors
         of the Bank or the Holding Company, in their absolute discretion, may
         make a finding that a Change in Control of the Bank or the Holding
         Company has taken place without the occurrence of any or all of the
         events enumerated above.

1.10     "Children" means the Director's children, or the issue of any deceased
         Children, then living at the time payments are due the Children under
         this Plan. The term "Children" shall include both natural and adopted
         Children.

1.11     "Disability Benefit" means the monthly benefit payable to the Director
         following a determination, in accordance with Subsection 3.6, that he
         is no longer able, properly and satisfactorily, to perform his duties
         as Director.

1.12     "Effective Date" of this Plan shall be March 15, 2000.

1.13     "Estate" means the estate of the Director.

1.14     "Interest Factor" means monthly compounding or discounting, as
         applicable, at seven percent (7%) per annum.

1.15     "Payout Period" means the time frame during which certain benefits
         payable hereunder shall be distributed. Payments shall be made in equal
         monthly installments commencing within thirty (30) days following the
         occurrence of the event which triggers distribution for One Hundred
         Twenty (120) consecutive months. For purposes of the Survivor's

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         Benefits payable hereunder, the Payout Period shall be One Hundred
         Twenty (120) consecutive months.

1.16     "Plan Year" shall mean the calendar year.

1.17     "Spouse" means the individual to whom the Director is legally married
         at the time of the Director's death.

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1.18     "Retirement Benefit" means an annual amount payable to the Director in
         monthly installments throughout the Payout Period, equal to the amount
         designated in the Director's Joinder Agreement and subject to
         Subsection 3.1.

1.19     "Survivor's Benefit" means an annual amount payable to the Beneficiary
         in monthly installments throughout the Payout Period, equal to the
         amount designated in the Director's Joinder Agreement and subject to
         Subsection 3.2.

                                   SECTION II

                          ESTABLISHMENT OF RABBI TRUST

         The Bank intends to establish a rabbi trust into which the Bank intends
to contribute assets which shall be held therein, subject to the claims of the
Bank's creditors in the event of the Bank's "Insolvency" as defined in the plan
which establishes such rabbi trust, until the contributed assets are paid to the
Directors and their Beneficiaries in such manner and at such times as specified
in this Plan. It is the intention of the Bank to make contributions to the rabbi
trust to provide the Bank with a source of funds to assist it in meeting the
liabilities of this Plan. The rabbi trust and any assets held therein shall
conform to the terms of the rabbi trust agreement which has been established in
conjunction with this Plan. To the extent the language in this Plan is modified
by the language in the rabbi trust agreement, the rabbi trust agreement shall
supersede this Plan. Any contributions to the rabbi trust shall be made during
each Plan Year in accordance with the rabbi trust agreement. The amount of such
contribution(s) shall be at least equal to the Director's Accrued Benefit, if
any, less: (i) previous contributions made on behalf of the Director to the
rabbi trust, and (ii) earnings to date on all such previous contributions.

                                   SECTION III

                                    BENEFITS

3.1      Retirement Benefit. If the Director is in the service of the Bank until
         reaching his Benefit Age, the Director shall be entitled to the
         Retirement Benefit. Such Retirement Benefit

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         shall commence on the 1st day of the month following the Director's
         actual retirement or other termination of service on the Board, other
         than a termination of service due to the Director's death, and shall be
         payable in monthly installments throughout the Payout Period. In the
         event a Director dies after commencement of the Retirement Benefit
         payments but before completion of all such payments due and owing
         hereunder, the Bank shall pay to the Director's Beneficiary a
         continuation of the monthly installments for the remainder of the
         Payout Period.

         A Director may, upon proper notice, reduce his Benefit Age so long as
         his Benefit Age, as modified, is not less than age sixty-five (65);
         provided however, that the Director has served on the Board for not
         less than ten (10) years from the effective date of this Plan. The
         Director must give notice in writing at least twelve (12) months prior
         to attaining his new Benefit Age, provided that such notice is given no
         later than the calendar year prior to attainment of the new Benefit
         Age. If the Director makes such an election, the Director shall be
         entitled to the annuitized value of the Accrued Benefit (using the
         Interest Factor) payable in monthly installments over the Payout Period
         commencing within thirty (30) days of the Director's attainment of the
         new Benefit Age. In the event that the Director dies after having given
         notice of electing to retire at the new Benefit Age but before leaving
         the service of the Bank or attaining the new Benefit Age, the
         Director's beneficiary will be entitle to the annuitized value of the
         Director's Accrued Benefit (using the Interest Factor) payable in
         monthly installments over the Payout Period commencing within thirty
         (30) days of the Director's death.

3.2      Death Prior to Benefit Age. If the Director dies prior to attaining his
         Benefit Age but while in the service of the Bank, the Director's
         Beneficiary shall be entitled to the Survivor's Benefit. The Survivor's
         Benefit shall commence within thirty (30) days of the Director's death
         and shall be payable in monthly installments throughout the Payout
         Period.

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3.3      Voluntary or Involuntary Termination Other Than for Cause.
         ---------------------------------------------------------

         (a)      If the Director's service with the Bank is voluntarily or
                  involuntarily terminated prior to the attainment of his
                  Benefit Eligibility Date, for any reason other than for Cause,
                  the Director's death, disability, or following a Change in
                  Control (as defined), the Director (or his Beneficiary) shall
                  be entitled to the annuitized value (using the Interest
                  Factor) of (i) his vested Accrued Benefit calculated as of the
                  date of his termination of service, plus (ii) interest accrued
                  on such vested Accrued Benefit from the date of termination
                  until his Benefit Age.

                  Such benefit shall commence on the Director's Benefit
                  Eligibility Date and shall be payable in monthly installments
                  throughout the Payout Period. In the event the Director dies
                  at any time after commencement of payments hereunder, but
                  prior to completion of all such payments due and owing
                  hereunder, the Bank shall pay to the Director's Beneficiary a
                  continuation of the monthly installments for the remainder of
                  the Payout Period.

         (b)      If the Director dies after his voluntary or involuntary
                  termination of service occurring prior to his Benefit
                  Eligibility Date, and prior to the commencement of benefits
                  hereunder, the Director's Beneficiary shall be entitled to the
                  annuitized value (using the Interest Factor) of his Accrued
                  Benefit. The payment of such benefit shall commence within
                  thirty (30) days of the Director's death. The benefit shall be
                  payable in monthly installments over the Payout Period.

3.4      Termination of Service Related to a Change in Control.
         -----------------------------------------------------

         (a)      If the Director's service is terminated (either voluntarily or
                  involuntarily) following or coincident with a Change in
                  Control, the Director shall be entitled to his full Retirement
                  Benefit (as if he had remained in service until his Benefit

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                  Age). Such benefit shall commence on the 1st day of the month
                  following his termination of service and shall be payable in
                  monthly installments throughout the Payout Period. In the
                  event that the Director dies at any time after commencement of
                  the payments, but prior to completion of all such payments due
                  and owing hereunder, the Bank, or its successor, shall pay to
                  the Director's Beneficiary a continuation of the monthly
                  installments for the remainder of the Payout Period.

         (b)      If, after such termination, the Director dies prior to
                  commencement of the benefits hereunder, the Director's
                  Beneficiary shall be entitled to the Survivor's Benefit which
                  shall commence within thirty (30) days of the Director's
                  death. The Survivor's Benefit shall be payable in monthly
                  installments over the Payout Period.

3.5      Termination for Cause. If the Director is terminated for Cause, all
         benefits under this Plan shall be forfeited and this Plan shall become
         null and void as to the Director.

3.6      Disability Benefit. Notwithstanding any other provision hereof, if
         requested by the Director and approved by the Board of Directors, the
         Director who has not attained his Benefit Eligibility Date shall be
         entitled to receive the Disability Benefit hereunder, in any case in
         which it is determined by a duly licensed physician selected by the
         Bank, that the Director is no longer able, properly and satisfactorily,
         to perform his regular duties as a Director, because of ill health,
         accident, disability or general inability due to age. If the Director's
         service is terminated pursuant to this paragraph and Board of Director
         approval is obtained, the Director may elect to begin receiving the
         Disability Benefit in lieu of any benefit available under Section 3.3,
         which is not available prior to the Director's Benefit Eligibility
         Date. The Disability Benefit shall equal the Director's Accrued
         Benefit, annuitized (using the Interest Factor) over the Payout Period.
         The Disability Benefit shall be payable in monthly installments over
         the Payout Period commencing within thirty (30)

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         days following the later of (i) the above mentioned disability
         determination and (ii) the approval of the Disability Benefit by the
         Board of Directors. In the event the Executive dies at any time after
         termination of employment due to disability but prior to commencement
         or completion of all payments due and owing hereunder, the Bank shall
         pay to the Executive's Beneficiary a continuation of the monthly
         installments for the remainder of the Payout Period.

                                   SECTION IV

                             BENEFICIARY DESIGNATION

         The Director shall make an initial designation of primary and secondary
Beneficiaries upon execution of his Joinder Agreement and shall have the right
to change such designation, at any subsequent time, by submitting to the
Administrator in substantially the form attached as Exhibit A to the Joinder
Agreement, a written designation of primary and secondary Beneficiaries. Any
Beneficiary designation made subsequent to execution of the Joinder Agreement
shall become effective only when receipt thereof is acknowledged in writing by
the Administrator.

                                    SECTION V

                           DIRECTOR'S RIGHT TO ASSETS

         The rights of the Director, any Beneficiary, or any other person
claiming through the Director under this Plan, shall be solely those of an
unsecured general creditor of the Bank. The Director, the Beneficiary, or any
other person claiming through the Director, shall only have the right to receive
from the Bank those payments so specified under this Plan. The Director agrees
that he, his Beneficiary, or any other person claiming through him shall have no
rights or

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interests whatsoever in any asset of the Bank, including any insurance policies
or contracts which the Bank may possess or obtain to informally fund this Plan.
Any asset used or acquired by the Bank in connection with the liabilities it has
assumed under this Plan, unless expressly provided herein, shall not be deemed
to be held under any trust for the benefit of the Director or his Beneficiaries,
nor shall any asset be considered security for the performance of the
obligations of the Bank. Any such asset shall be and remain, a general,
unpledged, and unrestricted asset of the Bank.

                                   SECTION VI

                            RESTRICTIONS UPON FUNDING

         The Bank shall have no obligation to set aside, earmark or entrust any
fund or money with which to pay its obligations under this Plan. The Director,
his Beneficiaries or any successor in interest to him shall be and remain simply
a general unsecured creditor of the Bank in the same manner as any other
creditor having a general claim for matured and unpaid compensation. The Bank
reserves the absolute right in its sole discretion to either purchase assets to
meet its obligations undertaken by this Plan or to refrain from the same and to
determine the extent, nature, and method of such asset purchases. Should the
Bank decide to purchase assets such as life insurance, mutual funds, disability
policies or annuities, the Bank reserves the absolute right, in its sole
discretion, to terminate such assets at any time, in whole or in part. At no
time shall the Director be deemed to have any lien, right, title or interest in
or to any specific investment or to any assets of the Bank. If the Bank elects
to invest in a life insurance, disability or annuity policy upon the life of the
Director, then the Director shall assist the Bank by freely submitting to a
physical examination and by supplying such additional information necessary to
obtain such insurance or annuities.

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                                   SECTION VII

                     ALIENABILITY AND ASSIGNMENT PROHIBITION

         Neither the Director nor any Beneficiary under this Plan shall have any
power or right to transfer, assign, anticipate, hypothecate, mortgage, commute,
modify or otherwise encumber in advance any of the benefits payable hereunder,
nor shall any of said benefits be subject to seizure for the payment of any
debts, judgments, alimony or separate maintenance owed by the Director or his
Beneficiary, nor be transferable by operation of law in the event of bankruptcy,
insolvency or otherwise. In the event the Director or any Beneficiary attempts
assignment, communication, hypothecation, transfer or disposal of the benefits
hereunder, the Bank's liabilities shall forthwith cease and terminate.

                                  SECTION VIII

                                 ACT PROVISIONS

8.1      Named Fiduciary and Administrator. The Bank, as Administrator, shall be
         the Named Fiduciary of this Plan. As Administrator, the Bank shall be
         responsible for the management, control and administration of the Plan
         as established herein. The Administrator may delegate to others certain
         aspects of the management and operational responsibilities of the Plan,
         including the employment of advisors and the delegation of ministerial
         duties to qualified individuals.

8.2      Claims Procedure and Arbitration. In the event that benefits under this
         Plan are not paid to the Director (or to his Beneficiary in the case of
         the Director's death) and such claimants feel they are entitled to
         receive such benefits, then a written claim must be made to the
         Administrator within sixty (60) days from the date payments are
         refused. The Bank and its Board of Directors shall review the written
         claim and, if the claim is denied, in whole or in part, they shall
         provide in writing, within ninety (90) days of receipt of such claim,
         their specific reasons for such denial, reference to the provisions of

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         this Plan or the Joinder Agreement upon which the denial is based, and
         any additional material or information necessary to perfect the claim.
         Such writing by the Bank and its Board of Directors shall further
         indicate the additional steps which must be undertaken by claimants if
         an additional review of the claim denial is desired.

         If claimants desire a second review, they shall notify the
         Administrator in writing within sixty (60) days of the first claim
         denial. Claimants may review this Plan, the Joinder Agreement or any
         documents relating thereto and submit any issues and comments, in
         writing, they may feel appropriate. In its sole discretion, the
         Administrator shall then review the second claim and provide a written
         decision within sixty (60) days of receipt of such claim. This decision
         shall state the specific reasons for the decision and shall include
         reference to specific provisions of this Plan or the Joinder Agreement
         upon which the decision is based.

         If claimants continue to dispute the benefit denial based upon
         completed performance of this Plan and the Joinder Agreement or the
         meaning and effect of the terms and conditions thereof, then claimants
         may submit the dispute to mediation, administered by the American
         Arbitration Association ("AAA") (or a mediator selected by the parties)
         in accordance with the AAA's Commercial Mediation Rules. If mediation
         is not successful in resolving the dispute, it shall be settled by
         arbitration administered by the AAA under its Commercial Arbitration
         Rules, and judgment on the award rendered by the arbitrator(s) may be
         entered in any court having jurisdiction thereof.

                                   SECTION IX

                                  MISCELLANEOUS

9.1      No Effect on Director's Rights. Nothing contained herein will confer
         upon the Director the right to be retained in the service of the Bank
         nor limit the right of the Bank to deal with the Director without
         regard to the existence of the Plan.

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9.2      State Law. The Plan is established under, and will be construed
         according to, the laws of the State of New York, to the extent such
         laws are not preempted by the Act and valid regulations published
         thereunder.

9.3      Severability. In the event that any of the provisions of this Plan or
         portion thereof, are held to be inoperative or invalid by any court of
         competent jurisdiction, then: (1) insofar as is reasonable, effect will
         be given to the intent manifested in the provisions held invalid or
         inoperative, and (2) the validity and enforce ability of the remaining
         provisions will not be affected thereby.

9.4      Incapacity of Recipient. In the event the Director is declared
         incompetent and a conservator or other person legally charged with the
         care of his person or Estate is appointed, any benefits under the Plan
         to which such Director is entitled shall be paid to such conservator or
         other person legally charged with the care of his person or Estate.

9.5      Unclaimed Benefit. The Director shall keep the Bank informed of his
         current address and the current address of his Beneficiaries. The Bank
         shall not be obligated to search for the whereabouts of any person. If
         the location of the Director is not made known to the Bank as of the
         date upon which any payment of any benefits may first be made, the Bank
         shall delay payment of the Director's benefit payment(s) until the
         location of the Director is made known to the Bank; however, the Bank
         shall only be obligated to hold such benefit payment(s) for the
         Director until the expiration of thirty-six (36) months. Upon
         expiration of the thirty-six (36) month period, the Bank may discharge
         its obligation by payment to the Director's Beneficiary. If the
         location of the Director's Beneficiary is not made known to the Bank by
         the end of an additional two (2) month period following expiration of
         the thirty-six (36) month period, the Bank may discharge its obligation
         by payment to the Director's Estate. If there is no Estate in existence
         at such time or if such fact cannot be determined by the Bank, the
         Director and his

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         Beneficiary(ies) shall thereupon forfeit any rights to the balance, if
         any, of any benefits provided for such Director and/or Beneficiary
         under this Plan.

9.6      Limitations on Liability. Notwithstanding any of the preceding
         provisions of the Plan, no individual acting as an employee or agent of
         the Bank, or as a member of the Board of Directors shall be personally
         liable to the Director or any other person for any claim, loss,
         liability or expense incurred in connection with the Plan.

9.7      Gender. Whenever in this Plan words are used in the masculine or neuter
         gender, they shall be read and construed as in the masculine, feminine
         or neuter gender, whenever they should so apply.

9.8      Effect on Other Corporate Benefit Plans. Nothing contained in this Plan
         shall affect the right of the Director to participate in or be covered
         by any other corporate benefit available to Directors of the Bank
         constituting a part of the Bank's existing or future compensation
         structure.

9.9      Suicide. Notwithstanding anything to the contrary in this Plan, the
         benefits otherwise provided herein shall not be payable and this Plan
         shall become null and void with respect to the Director if the
         Director's death results from suicide, whether sane or insane, within
         twenty-four (24) months after the execution of his Joinder Agreement.

9.10     Inurement. This Plan shall be binding upon and shall inure to the
         benefit of the Bank, its successors and assigns, and the Director, his
         successors, heirs, executors, administrators, and Beneficiaries.

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<PAGE>

9.11     Headings. Headings and sub-headings in this Plan are inserted for
         reference and convenience only and shall not be deemed a part of this
         Plan.

                                    SECTION X

                              AMENDMENT/REVOCATION

         This Plan shall not be amended, modified or revoked at any time, in
whole or part, as to any Director, without the mutual written consent of the
Director and the Bank, and such mutual consent shall be required even if the
Director is no longer in the service of the Bank.

                                   SECTION XI

                                    EXECUTION

11.1     This Plan sets forth the entire understanding of the parties hereto
         with respect to the transactions contemplated hereby, and any previous
         agreements or understandings between the parties hereto regarding the
         subject matter hereof are merged into and superseded by this Plan.

11.2     This Plan shall be executed in triplicate, each copy of which, when so
         executed and delivered, shall be an original, but all three copies
         shall together constitute one and the same instrument.

                                       19
<PAGE>

         IN WITNESS WHEREOF, the Bank has caused this Plan to be executed on the
day and date first above written.

ATTEST:                                   OSWEGO COUNTY SAVINGS BANK.

/s/ Lisa King                             By: /s/ Gregory Kreis
---------------------                     ---------------------
                                          Title:  President & CEO

                                          /s/ Paul Heins
_____________________
Paul Schneible                            Paul Heins

/s/ Bruce Frassinelli                     /s/ Michael R. Brower
---------------------                     ---------------------
Bruce Frassinelli                         Michael Brower

/s/ Deborah Stanley
---------------------
Deborah Stanley

                                       20
<PAGE>

                 DIRECTORS SUPPLEMENTAL RETIREMENT BENEFIT PLAN

                                JOINDER AGREEMENT

         I, Paul Schneible, and OSWEGO COUNTY SAVINGS BANK. hereby agree for
good and valuable consideration, the value of which is hereby acknowledged, that
I shall participate in the Directors Supplemental Retirement Benefit Plan
("Plan") established on March 15, 2000, by OSWEGO COUNTY SAVINGS BANK., as such
Plan may now exist or hereafter be modified; and do further agree to the terms
and conditions thereof.

         I understand that I must execute this Directors Supplemental Retirement
Benefit Plan Joinder Agreement ("Joinder Agreement") as well as notify the
Administrator of such execution in order to participate in the Plan from its
Effective Date. Otherwise, I may execute this Joinder Agreement and give notice
of such execution to the Administrator at least thirty (30) days prior to any
February 1.

         My "Benefit Age" shall be Sixty-Five (65).

         My annual "Retirement Benefit" shall be Twenty-Seven Thousand Four
Hundred and Four Dollars ($27,404), subject to Subsection 3.1 and all relevant
Subsections of the Plan.

         My annual "Survivor's Benefit" shall be Twenty-Seven Thousand Four
Hundred and Four Dollars ($27,404), subject to Subsection 3.2 and all relevant
Subsections of the Plan.

         In general, I understand that my receipt (or my Beneficiary's receipt)
of the Retirement Benefit (or Survivor's Benefit) shall be subject to all
provisions of the Plan.

         In general, I understand that if I voluntarily or involuntarily
terminate service at the Bank pursuant to Subsection 3.3 of the Plan and prior
to reaching my Benefit Age, for any reason other than for Cause, my retirement
benefit shall be computed in accordance with Subsection 3.3 of the Plan, and in
general such benefit shall be based on the annuitized value of (i) my Accrued
Benefit on such date, plus (ii) interest accrued on such Accrued Benefit from
the date of termination until my Benefit Age.

         I hereby designate the following individuals as my "Beneficiary" and I
am aware that I can subsequently change such designation by submitting to the
Administrator, at any subsequent time, and in substantially the form attached
hereto as Exhibit A, a written designation of the primary and secondary
Beneficiaries to whom payment under the Plan shall be made in the event of my
death prior to complete distribution of the benefits due and payable under the
Plan. I understand that any Beneficiary designation made subsequent to execution
of the Joinder Agreement shall become effective only when receipt thereof is
acknowledged in writing by the Administrator.

PRIMARY BENEFICIARY:       _______________________________________________

SECONDARY BENEFICIARY:     _______________________________________________

<PAGE>

         I further understand that I am entitled to review or obtain a copy of
the Plan, at any time, and may do so by contacting the Bank.

         This Joinder Agreement shall become effective upon execution (below) by
both the Director and a duly authorized officer of the Bank.

         Dated this __th day of ___________, 2000.

(Director)

(Bank's duly authorized Officer)

<PAGE>

                 DIRECTORS SUPPLEMENTAL RETIREMENT BENEFIT PLAN

                                JOINDER AGREEMENT

         I, Paul Heins, and OSWEGO COUNTY SAVINGS BANK. hereby agree for good
and valuable consideration, the value of which is hereby acknowledged, that I
shall participate in the Directors Supplemental Retirement Benefit Plan ("Plan")
established on March 15, 2000, by OSWEGO COUNTY SAVINGS BANK., as such Plan may
now exist or hereafter be modified; and do further agree to the terms and
conditions thereof.

         I understand that I must execute this Directors Supplemental Retirement
Benefit Plan Joinder Agreement ("Joinder Agreement") as well as notify the
Administrator of such execution in order to participate in the Plan from its
Effective Date. Otherwise, I may execute this Joinder Agreement and give notice
of such execution to the Administrator at least thirty (30) days prior to any
February 1.

         My "Benefit Age" shall be Seventy-One (71).

         My annual "Retirement Benefit" shall be Twenty Four Thousand Six
Hundred and Sixty-Seven Dollars ($24,667), subject to Subsection 3.1 and all
relevant Subsections of the Plan.

         My annual "Survivor's Benefit" shall be Twenty Four Thousand Six
Hundred and Sixty-Seven Dollars ($24,667), subject to Subsection 3.2 and all
relevant Subsections of the Plan.

         In general, I understand that my receipt (or my Beneficiary's receipt)
of the Retirement Benefit (or Survivor's Benefit) shall be subject to all
provisions of the Plan.

         In general, I understand that if I voluntarily or involuntarily
terminate service at the Bank pursuant to Subsection 3.3 of the Plan and prior
to reaching my Benefit Age, for any reason other than for Cause, my retirement
benefit shall be computed in accordance with Subsection 3.3 of the Plan, and in
general such benefit shall be based on the annuitized value of (i) my Accrued
Benefit on such date, plus (ii) interest accrued on such Accrued Benefit from
the date of termination until my Benefit Age.

         I hereby designate the following individuals as my "Beneficiary" and I
am aware that I can subsequently change such designation by submitting to the
Administrator, at any subsequent time, and in substantially the form attached
hereto as Exhibit A, a written designation of the primary and secondary
Beneficiaries to whom payment under the Plan shall be made in the event of my
death prior to complete distribution of the benefits due and payable under the
Plan. I understand that any Beneficiary designation made subsequent to execution
of the Joinder Agreement shall become effective only when receipt thereof is
acknowledged in writing by the Administrator.

PRIMARY BENEFICIARY:          /s/ Agnes M. Heins

SECONDARY BENEFICIARY:        /s/ Heins Family Irrev. Trust

<PAGE>

         I further understand that I am entitled to review or obtain a copy of
the Plan, at any time, and may do so by contacting the Bank.

         This Joinder Agreement shall become effective upon execution (below) by
both the Director and a duly authorized officer of the Bank.

         Dated this 15th day of March, 2000.

 /s/ Paul J. Heins
------------------
(Director)

/s/ Gregory Kreis
-----------------
(Bank's duly authorized Officer)
President & CEO

<PAGE>

                 DIRECTORS SUPPLEMENTAL RETIREMENT BENEFIT PLAN
                                JOINDER AGREEMENT

         I, Bruce Frassinelli, and OSWEGO COUNTY SAVINGS BANK. hereby agree for
good and valuable consideration, the value of which is hereby acknowledged, that
I shall participate in the Directors Supplemental Retirement Benefit Plan
("Plan") established on March 15, 2000, by OSWEGO COUNTY SAVINGS BANK., as such
Plan may now exist or hereafter be modified; and do further agree to the terms
and conditions thereof.

         I understand that I must execute this Directors Supplemental Retirement
Benefit Plan Joinder Agreement ("Joinder Agreement") as well as notify the
Administrator of such execution in order to participate in the Plan from its
Effective Date. Otherwise, I may execute this Joinder Agreement and give notice
of such execution to the Administrator at least thirty (30) days prior to any
February 1.

         My "Benefit Age" shall be Seventy-One (71).

         My annual "Retirement Benefit" shall be Twenty Two Thousand One Hundred
and Forty-Nine Dollars ($22,149), subject to Subsection 3.1 and all relevant
Subsections of the Plan.

         My annual "Survivor's Benefit" shall be Twenty Two Thousand One Hundred
and Forty-Nine Dollars ($22,149), subject to Subsection 3.2 and all relevant
Subsections of the Plan.

         In general, I understand that my receipt (or my Beneficiary's receipt)
of the Retirement Benefit (or Survivor's Benefit) shall be subject to all
provisions of the Plan.

         In general, I understand that if I voluntarily or involuntarily
terminate service at the Bank pursuant to Subsection 3.3 of the Plan and prior
to reaching my Benefit Age, for any reason other than for Cause, my retirement
benefit shall be computed in accordance with Subsection 3.3 of the Plan, and in
general such benefit shall be based on the annuitized value of (i) my Accrued
Benefit on such date, plus (ii) interest accrued on such Accrued Benefit from
the date of termination until my Benefit Age.

         I hereby designate the following individuals as my "Beneficiary" and I
am aware that I can subsequently change such designation by submitting to the
Administrator, at any subsequent time, and in substantially the form attached
hereto as Exhibit A, a written designation of the primary and secondary
Beneficiaries to whom payment under the Plan shall be made in the event of my
death prior to complete distribution of the benefits due and payable under the
Plan. I understand that any Beneficiary designation made subsequent to execution
of the Joinder Agreement shall become effective only when receipt thereof is
acknowledged in writing by the Administrator.

PRIMARY BENEFICIARY:       /s/ Marie Frasinelli, Wife
                               Stephen Frasinelli
                               Michael Frasinelli      [Sons}
                               Paul Frasinelli

SECONDARY BENEFICIARY:     _______________________________________________

<PAGE>

         I further understand that I am entitled to review or obtain a copy of
the Plan, at any time, and may do so by contacting the Bank.

         This Joinder Agreement shall become effective upon execution (below) by
both the Director and a duly authorized officer of the Bank.

         Dated this 16th day of March, 2000.

 /s/ Bruce Frassinelli
----------------------
(Director)

/s/ Gregory Kreis
-----------------
(Bank's duly authorized Officer)
President & CEO

<PAGE>

                 DIRECTORS SUPPLEMENTAL RETIREMENT BENEFIT PLAN
                                JOINDER AGREEMENT

         I, Michael Brower, and OSWEGO COUNTY SAVINGS BANK. hereby agree for
good and valuable consideration, the value of which is hereby acknowledged, that
I shall participate in the Directors Supplemental Retirement Benefit Plan
("Plan") established on March 15, 2000, by OSWEGO COUNTY SAVINGS BANK., as such
Plan may now exist or hereafter be modified; and do further agree to the terms
and conditions thereof.

         I understand that I must execute this Directors Retirement Plan Joinder
Agreement ("Joinder Agreement") as well as notify the Administrator of such
execution in order to participate in the Plan from its Effective Date.
Otherwise, I may execute this Joinder Agreement and give notice of such
execution to the Administrator at least thirty (30) days prior to any February
1.

         My "Benefit Age" shall be Sixty-Five (65).

         My annual "Retirement Benefit" shall be Twenty Eight Thousand Five
Hundred and Ninety-Six Dollars ($28,596), subject to Subsection 3.1 and all
relevant Subsections of the Plan.

         My annual "Survivor's Benefit" shall be Twenty Eight Thousand Five
Hundred and Ninety-Six Dollars ($28,596), subject to Subsection 3.2 and all
relevant Subsections of the Plan.

         In general, I understand that my receipt (or my Beneficiary's receipt)
of the Retirement Benefit (or Survivor's Benefit) shall be subject to all
provisions of the Plan.

         In general, I understand that if I voluntarily or involuntarily
terminate service at the Bank pursuant to Subsection 3.3 of the Plan and prior
to reaching my Benefit Age, for any reason other than for Cause, my retirement
benefit shall be computed in accordance with Subsection 3.3 of the Plan, and in
general such benefit shall be based on the annuitized value of (i) my Accrued
Benefit on such date, plus (ii) interest accrued on such Accrued Benefit from
the date of termination until my Benefit Age.

         I hereby designate the following individuals as my "Beneficiary" and I
am aware that I can subsequently change such designation by submitting to the
Administrator, at any subsequent time, and in substantially the form attached
hereto as Exhibit A, a written designation of the primary and secondary
Beneficiaries to whom payment under the Plan shall be made in the event of my
death prior to complete distribution of the benefits due and payable under the
Plan. I understand that any Beneficiary designation made subsequent to execution
of the Joinder Agreement shall become effective only when receipt thereof is
acknowledged in writing by the Administrator.

PRIMARY BENEFICIARY:          /s/ Catherine J. Brower - Spouse

SECONDARY BENEFICIARY:        /s/ Thomas MaryCate R. Brower Children
                              to share and share alike

<PAGE>

         I further understand that I am entitled to review or obtain a copy of
the Plan, at any time, and may do so by contacting the Bank.

         This Joinder Agreement shall become effective upon execution (below) by
both the Director and a duly authorized officer of the Bank.

         Dated this 16th day of March, 2000.

 /s/ Michael R. Brower
----------------------
(Director)

 /s/ Gregory Kreis
------------------
(Bank's duly authorized Officer)
President & CEO

<PAGE>

                 DIRECTORS SUPPLEMENTAL RETIREMENT BENEFIT PLAN
                                JOINDER AGREEMENT

         I, Deborah Stanley, and OSWEGO COUNTY SAVINGS BANK. hereby agree for
good and valuable consideration, the value of which is hereby acknowledged, that
I shall participate in the Directors Supplemental Retirement Benefit Plan
("Plan") established on March 15, 2000, by OSWEGO COUNTY SAVINGS BANK., as such
Plan may now exist or hereafter be modified; and do further agree to the terms
and conditions thereof.

         I understand that I must execute this Directors Retirement Plan Joinder
Agreement ("Joinder Agreement") as well as notify the Administrator of such
execution in order to participate in the Plan from its Effective Date.
Otherwise, I may execute this Joinder Agreement and give notice of such
execution to the Administrator at least thirty (30) days prior to any February
1.

         My "Benefit Age" shall be Sixty-Five (65).

         My annual "Retirement Benefit" shall be Twenty Four Thousand Six
Hundred and Forty Dollars ($24,640), subject to Subsection 3.1 and all relevant
Subsections of the Plan.

         My annual "Survivor's Benefit" shall be Twenty Four Thousand Six
Hundred and Forty Dollars ($24,640), subject to Subsection 3.2 and all relevant
Subsections of the Plan.

         In general, I understand that my receipt (or my Beneficiary's receipt)
of the Retirement Benefit (or Survivor's Benefit) shall be subject to all
provisions of the Plan.

         In general, I understand that if I voluntarily or involuntarily
terminate service at the Bank pursuant to Subsection 3.3 of the Plan and prior
to reaching my Benefit Age, for any reason other than for Cause, my retirement
benefit shall be computed in accordance with Subsection 3.3 of the Plan, and in
general such benefit shall be based on the annuitized value of (i) my Accrued
Benefit on such date, plus (ii) interest accrued on such Accrued Benefit from
the date of termination until my Benefit Age.

         I hereby designate the following individuals as my "Beneficiary" and I
am aware that I can subsequently change such designation by submitting to the
Administrator, at any subsequent time, and in substantially the form attached
hereto as Exhibit A, a written designation of the primary and secondary
Beneficiaries to whom payment under the Plan shall be made in the event of my
death prior to complete distribution of the benefits due and payable under the
Plan. I understand that any Beneficiary designation made subsequent to execution
of the Joinder Agreement shall become effective only when receipt thereof is
acknowledged in writing by the Administrator.

PRIMARY BENEFICIARY:          /s/ Michael J. Stanley        husband

SECONDARY BENEFICIARY:        All children

                                      -2-
<PAGE>

         I further understand that I am entitled to review or obtain a copy of
the Plan, at any time, and may do so by contacting the Bank.

         This Joinder Agreement shall become effective upon execution (below) by
both the Director and a duly authorized officer of the Bank.

         Dated this 16th day of March, 2000.

/s/ Deborah F. Stanley
----------------------
(Director)

 /s/ Gregory Kreis
------------------
(Bank's duly authorized Officer)
President & CEO

                                      -3-
<PAGE>

                  DIRECTOR SUPPLEMENTAL RETIREMENT BENEFIT PLAN
                             BENEFICIARY DESIGNATION

         The Director, under the terms of theDirectors Supplemental Retirement
Benefit Plan executed by the Bank on March 15, 2000, hereby designates the
following Beneficiary to receive any guaranteed payments or death benefits under
such Plan, following his death:

PRIMARY BENEFICIARY:       ____________________________________

SECONDARY BENEFICIARY:     _________________________________

         This Beneficiary Designation hereby revokes any prior Beneficiary
Designation which may have been in effect.

         Such Beneficiary Designation is revocable.

DATE: ______________________, 2000

-----------------------------------         ------------------------------
(WITNESS)                                               DIRECTOR

                                      -4-
<PAGE>

                                    Exhibit B

                                      -5-Exhibit 10(ii)

                        EXECUTIVE SUPPLEMENTAL RETIREMENT

                              INCOME AGREEMENT FOR

                                GREGORY J. KREIS

                           OSWEGO COUNTY SAVINGS BANK

                                Oswego, New York

                                 March 15, 2000

                  Financial Institution Consulting Corporation

                          700 Colonial Road, Suite 260

                            Memphis, Tennessee 38117

                              WATS: 1-800-873-0089

                               FAX: (901) 684-7411

                                 (901) 684-7400

<PAGE>

                        EXECUTIVE SUPPLEMENTAL RETIREMENT

                      INCOME AGREEMENT FOR GREGORY J. KREIS

         This Executive Supplemental Retirement Income Agreement ("Agreement"),
executed as of this 15th day of March, 2000, formalizes the understanding by and
between OSWEGO COUNTY SAVINGS BANK, a state chartered mutual savings bank having
its principal place of business in New York, hereinafter referred to as "Bank"
and Gregory J. Kreis, hereinafter referred to as "Executive." Any reference
herein to the "Holding Company" shall mean Oswego County Bancorp, Inc. and any
reference herein to the "Mutual Holding Company" shall mean Oswego County Mutual
Holding Co., M.H.C.

                                   WITNESSETH:

         WHEREAS, the Executive is employed by the Bank;

         WHEREAS, the Bank recognizes the valuable services heretofore performed
for it by Executive and wishes to encourage continued employment;

         WHEREAS, the Executive wishes to be assured that he will be entitled to
a certain amount of extended compensation for some definite period of time from
and after his retirement from active service with the Bank or other termination
of his employment and wishes to provide his beneficiary with benefits from and
after his death;

         WHEREAS, the parties hereto wish to provide the terms and conditions
upon which the Bank shall pay such extended compensation to Executive after his
retirement or other termination of his employment and/or death benefits to his
beneficiary after his death;

<PAGE>

         WHEREAS, the parties hereto intend that this Agreement be considered an
unfunded arrangement, maintained primarily to provide supplemental retirement
income for the Executive, a member of a select group of management or highly
compensated employees of the Bank for purposes of the Employee Retirement Income
Security Act of 1974, as amended;

         WHEREAS, the Bank has adopted this Executive Supplemental Retirement
Income Agreement which controls all issues relating to the Supplemental
Retirement Income Benefit as described herein;

         NOW, THEREFORE, in consideration of the mutual promises herein
contained, the parties hereto agree as follows:

                                    SECTION I

                                   DEFINITIONS

         When used herein, the following words shall have the meanings below
unless the context clearly indicates otherwise:

1.1      "Accrued Benefit" means that portion of the Supplemental Retirement
         Income Benefit which is required to be expensed and/or accrued under
         generally accepted accounting principles by any appropriate methodology
         which the Board of Directors may require in the exercise of its sole
         discretion payable over the Payout Period.

1.2      "Act" means the Employee Retirement Income Security Act of 1974, as it
         may be amended from time to time.

                                       2
<PAGE>

1.3      "Bank" means OSWEGO COUNTY SAVINGS BANK and any successor thereto.

1.4      "Beneficiary" means the person or persons designated as beneficiary in
         writing to the Bank to whom the share of a deceased Executive's account
         is payable. If no beneficiary is so designated, then the Executive's
         Spouse, if living, will be deemed the beneficiary. If the Executive's
         Spouse is not living, then the Children of the Executive will be deemed
         beneficiary. If there are no living Children, then the Estate of the
         Executive will be deemed the beneficiary.

1.5      "Cause" means personal dishonesty, willful misconduct, willful
         malfeasance, breach of fiduciary duty involving personal profit,
         intentional failure to perform stated duties, willful violation of any
         law, rule, or regulation (other than traffic violations, including
         driving while intoxicated, or similar offenses), final cease-and-desist
         order, material breach of any provision of this Agreement, or gross
         negligence in matters of material importance to the Bank.

1.6      A "Change in Control" shall mean and include the following with respect
         to the Mutual Holding Company, the Bank, or the Holding Company:

         (1)      a reorganization, merger, merger conversion, consolidation or
                  sale of all or substantially all of the assets of the Bank,
                  the Mutual Holding Company or the Holding Company, or a
                  similar transaction in which the Bank, the Mutual Holding
                  Company or the Holding Company is not the resulting entity; or

                                       3
<PAGE>

         (2)      individuals who constitute the board of directors of the Bank,
                  the Mutual Holding Company or the Holding Company on the date
                  hereof (the "Incumbent Board") cease for any reason to
                  constitute at least a majority thereof, provided that any
                  person becoming a director subsequent to the date hereof whose
                  election was approved by a vote of at least three-quarters of
                  the directors comprising the Incumbent Board, or whose
                  nomination for election was approved by the Holding Company's
                  nominating committee which is comprised of members of the
                  Incumbent Board, shall be, for purposes of this clause (ii)
                  considered as though he were a member of the Incumbent Board.

         Notwithstanding the foregoing, a "Change in Control" of the Bank or the
         Holding Company shall not be deemed to have occurred if the Mutual
         Holding Company ceases to own at least 51% of all outstanding shares of
         stock of the Holding Company in connection with a liquidation of the
         Mutual Holding Company into the Holding Company or a conversion of the
         Mutual Holding Company from mutual to stock form.

         In addition, "Change in Control" shall mean and include the following
         with respect to the Bank or the Holding Company in the event that the
         Mutual Holding Company converts to stock form or in the event that the
         Holding Company issues shares of its common stock to stockholders other
         than the Mutual Holding Company:

         (1)      a change in control of a nature that would be required to be
                  reported in response to Item 1(a) of the current report on
                  Form 8-K, as in effect on the date hereof, pursuant to Section
                  13 or 15(d) of the Securities Exchange Act of 1934
                  (hereinafter the "Exchange Act"); or

                                       4
<PAGE>

         (2)      an acquisition of "control" as defined in the Bank Holding
                  Company Act and applicable regulations thereunder ("BHCA"), as
                  determined by the Board of Directors of the Bank or the
                  Holding Company; or

         (3)      at such time as:

                  (1)      any "person" (as the term is used in Sections 13(d)
                           and 14(d) of the Exchange Act) or "group acting in
                           concert" is or becomes the "beneficial owner" (as
                           defined in Rule 13d-3 under the Exchange Act),
                           directly or indirectly, of securities of the Bank
                           representing Twenty Percent (20%) or more of the
                           combined voting power of the Bank's or Holding
                           Company's outstanding securities ordinarily having
                           the right to vote at the elections of directors,
                           except for any stock purchased by the Bank's Employee
                           Stock Ownership Plan and/or the trust under such
                           plan; or

                  (2)      a proxy statement is issued soliciting proxies from
                           the stockholders of the Holding Company by someone
                           other than the current management of the Holding
                           Company, seeking stockholder approval of a plan of
                           reorganization, merger, or consolidation of the
                           Holding Company with one or more corporations as a
                           result of which the outstanding shares of the class
                           of the Holding Company's securities are exchanged for
                           or converted into cash or property or securities not
                           issued by the Holding Company.

                  The term "person" includes an individual, a group acting in
                  concert, a corporation, a partnership, an association, a joint
                  venture, a pool, a joint stock

                                       5
<PAGE>

                  company, a trust, an unincorporated organization or similar
                  company, a syndicate or any other group formed for the purpose
                  of acquiring, holding or disposing of securities. The term
                  "acquire" means obtaining ownership, control, power to vote or
                  sole power of disposition of stock, directly or indirectly or
                  through one or more transactions or subsidiaries, through
                  purchase, assignment, transfer, exchange, succession or other
                  means, including (1) an increase in percentage ownership
                  resulting from a redemption, repurchase, reverse stock split
                  or a similar transaction involving other securities of the
                  same class; and (2) the acquisition of stock by a group of
                  persons and/or companies acting in concert which shall be
                  deemed to occur upon the formation of such group, provided
                  that an investment advisor shall not be deemed to acquire the
                  voting stock of its advisee if the advisor (a) votes the stock
                  only upon instruction from the beneficial owner and (b) does
                  not provide the beneficial owner with advice concerning the
                  voting of such stock. The term "security" includes
                  nontransferable subscription rights issued pursuant to a plan
                  of conversion, as well as a "security," as defined in 15
                  U.S.C. ss. 78c(2)(1); and the term "acting in concert" means
                  (1) knowing participation in a joint activity or
                  interdependent conscious parallel action towards a common goal
                  whether or not pursuant to an express agreement, or (2) a
                  combination or pooling of voting or other interests in the
                  securities of an issuer for a common purpose pursuant to any
                  contract, understanding, relationship, agreement or other
                  arrangement, whether written or otherwise. Further, acting in
                  concert with any person or company shall also be deemed to be
                  acting in concert with any person or company that is acting in
                  concert with such other person or company.

                  Notwithstanding the above definitions, the boards of directors
                  of the Bank or the Holding Company, in their absolute
                  discretion, may make a finding that a Change in Control of the
                  Bank or the Holding Company has taken place without the
                  occurrence of any or all of the events enumerated above.

                                       6
<PAGE>

1.7      "Children" means the Executive's children, both natural and adopted and
         any issue of any predeceased Children, then living at the time payments
         are due the Children under this Agreement.

1.8      "Code" means the Internal Revenue Code of 1986 as amended from time to
         time.

1.9      "Effective Date" shall be the March 15, 2000.

1.10     "Estate" means the estate of the Executive.

1.11     "Interest Factor" means Seven Per Cent (7%) per annum.

1.12     "Normal Retirement Date" means the first day of the month coincident
         with or next following the Executive's sixty-fifth (65th) birthday.

1.13     "Payout Period" means the time frame during which certain benefits
         payable hereunder shall be distributed. Payments shall be made in equal
         monthly installments commencing within thirty (30) days following the
         occurrence of the event which triggers distribution and continuing for
         One Hundred Eighty (180) consecutive months or for the life of the
         Executive whichever is longer. For purposes of the Survivor's Benefit
         payable hereunder, the Payout Period shall be One Hundred Eighty (180)
         consecutive months.

1.14     "Permanently and Totally Disabled" means Executive has, for at least
         six (6) months, been unable to perform the services incident to his
         position with the Bank as a result of accidental bodily injury or
         sickness and that the status is likely to continue for an indefinite
         period, as reasonably determined subsequent to the expiration of the
         six (6) month period by a duly licensed physician selected in good
         faith by the Bank.

                                       7
<PAGE>

1.15     "Spouse" means the individual to whom the Executive is legally married
         at the time of the Executive's death.

1.16     "Suicide" means the act of intentionally killing oneself.

1.17     "Supplemental Retirement Income Benefit" means an annual amount,
         payable over the Payout Period, equal to $152,333.

1.18     "Survivor's Benefit" means the benefit provided to Executive's
         Beneficiary if the Executive dies while in active employment of the
         Bank. Such Survivor's Benefit shall be an amount equal to the annual
         sum of $75,000 payable in monthly installments over the Payout Period
         if the Executive dies within the first five (5) years of service with
         the Bank. The Survivor's Benefit shall be an amount equal to an annual
         sum of $100,000 payable in monthly installments over the Payout Period
         if the Executive dies after completing five (5) years of service with
         the Bank but before completing ten (10) years of service with the bank.
         The Survivor's Benefit shall be the Supplemental Retirement Income
         Benefit payable in monthly installments over the Payout Period if the
         Executive dies after completing ten (10) years of service with the
         Bank.

                                       8
<PAGE>

                                   SECTION II

                PRE RETIREMENT AND POST RETIREMENT DEATH BENEFITS

2.1      Death Prior to Termination of Employment. If Executive dies prior to
         termination of employment with the Bank (but before commencement of
         payment of the Supplemental Retirement Income Benefit to Executive),
         his Beneficiary shall be entitled to the Survivor's Benefit. The first
         installment shall begin within thirty (30) days after the date of death
         of Executive and each succeeding installment shall be paid on the next
         succeeding month thereof during the Payout Period.

2.2      Death After Change in Control. If Executive dies after termination of
         employment with the Bank coincident with or following a Change in
         Control (but before commencement of payment of the Supplemental
         Retirement Income Benefit to Executive), his Beneficiary shall be
         entitled to the full Survivor's Benefit (as if the Executive had
         completed ten (10) years of service with the Bank) beginning within
         thirty (30) days after the date of death of Executive and payable over
         the Payout Period.

2.3      Death Subsequent to Retirement. In the event of death of Executive
         while receiving monthly benefits under this Agreement or after
         retirement but before commencement of payment of the Supplemental
         Retirement Income Benefit to Executive, except under Section 3.3
         hereof, then the unpaid balance of such monthly payments remaining to
         be paid at that time shall continue to be paid monthly for the
         remainder of the Payout Period to Executive's Beneficiary.

                                       9
<PAGE>

2.4.     Death After Termination of Employment Prior to Normal Retirement Age.
         In the event of Executive's Death following a voluntary or involuntary
         termination of employment with the Bank prior to his Normal Retirement
         Date, for any reason other than Cause or following a Change in Control,
         the Executive's Beneficiary shall be entitled to his Accrued Benefit
         determined as of the date of termination of employment and annuitized
         using the Interest Factor and payable in monthly installments over the
         Payout Period.

2.5      Death by Reason of Suicide. In the event Executive dies by reason of
         suicide at any time within twenty-six (26) months after execution of
         this Agreement, the Bank shall be under no obligation to provide any
         benefits to the Executive's Beneficiary.

2.6      Additional Death Benefit - Burial Expenses. In addition to the
         above-described death benefits, upon his death, Executive's beneficiary
         shall be entitled to receive a one-time lump sum death benefit in the
         amount of Ten Thousand ($10,000.00) Dollars.

                                   SECTION III

                     SUPPLEMENTAL RETIREMENT INCOME BENEFIT

                             AND DISABILITY BENEFIT

3.1      Normal Retirement Benefit. At Executive's retirement on or after the
         Normal Retirement Date, the Bank shall commence payments of the
         Supplemental Retirement Income Benefit to Executive. Such payments
         shall commence the first day of the month next following the
         Executive's retirement date and shall be payable in monthly
         installments throughout the Payout Period.

                                       10
<PAGE>

3.2      Disability. If Executive becomes Permanently and Totally Disabled prior
         to reaching his retirement, while covered by the provisions of this
         Agreement, Executive shall be entitled to his Accrued Benefit
         (annuitized using the Interest Factor) at the time of disability.
         Payments shall begin within thirty (30) days after Executive becomes
         Permanently and Totally Disabled and payable in monthly installments
         over the Payout Period. In the event the Executive dies at any time
         after termination of employment due to disability but prior to
         commencement or completion of all payments due and owing hereunder, the
         Bank shall pay to the Executive's Beneficiary a continuation of the
         monthly installments for the remainder of the Payout Period.

3.3      Voluntary or Involuntary Termination of Employment. If the Executive's
         employment with the Bank is voluntarily or involuntarily terminated
         prior to Normal Retirement Age, for any reason other than for Cause,
         the Executive's death, disability, or following a Change in Control,
         the Executive (or his Beneficiary) shall be entitled to his Accrued
         Benefit as of the date of such termination, annuitized using the
         Interest Factor. Such benefit shall commence within thirty (30) days of
         such termination and shall be payable in monthly installments
         throughout the Payout Period.

3.4      Termination of Service Related to a Change in Control. If a Change in
         Control occurs at the Bank, and thereafter the Executive's employment
         is terminated (either voluntarily or involuntarily), the Executive
         shall be entitled to the Supplemental Retirement Income Benefit. Such
         benefit shall commence within thirty (30) days of such termination and
         shall be payable in monthly installments throughout the Payout Period.

                                       11
<PAGE>

3.5      Termination for Cause. If the Executive is terminated for Cause, all
         benefits under this Agreement shall be forfeited and this Agreement
         shall become null and void.

                                   SECTION IV

                           EXECUTIVE'S RIGHT TO ASSETS

         The rights of the Executive, any Beneficiary of the Executive, or any
other person claiming through the Executive under this Agreement, shall be
solely those of an unsecured general creditor of the Bank. The Executive, the
Beneficiary of the Executive, or any other person claiming through the
Executive, shall only have the right to receive from the Bank those payments as
specified under this Agreement. The Executive agrees that he, his Beneficiary,
or any other person claiming through him shall have no rights or interests
whatsoever in any asset of the Bank, including any insurance policies or
contracts which the Bank may possess or obtain to informally fund this
Agreement. Any asset used or acquired by the Bank in connection with the
liabilities it has assumed under this Agreement, except as expressly provided,
shall not be deemed to be held under any trust for the benefit of the Executive
or his Beneficiaries, nor shall it be considered security for the performance of
the obligations of the Bank. It shall be, and remain, a general, unpledged, and
unrestricted asset of the Asset of the Bank.

                                    SECTION V

                            RESTRICTIONS UPON FUNDING

         Bank shall have no obligation to set aside, earmark or entrust any fund
or money with which to pay its obligations under this Agreement. The Executive,
his Beneficiaries or any successor in interest to him shall be and

                                       12
<PAGE>

remain simply a general creditor of the Bank in the same manner as any other
creditor having a general claim for matured and unpaid compensation. The Bank
reserves the absolute right, at its sole discretion, to either fund the
obligations undertaken by this Agreement or to refrain from funding the same and
to determine the extent, nature, and method of such informal funding. Should the
Bank elect to fund this Agreement, in whole or in part, through the purchase of
life insurance, mutual funds, disability policies or annuities, the Bank
reserves the absolute right, in its sole discretion, to terminate such funding
at any time, in whole or in part. At no time shall Executive be deemed to have
any lien nor right, title or interest in or to any specific funding investment
or to any assets of the Bank. If the Bank elects to invest in a life insurance,
disability or annuity policy upon the life of the Executive, then Executive
shall assist the Bank by freely submitting to a physical examination and
supplying such additional information necessary to obtain such insurance or
annuities.

                                   SECTION VI

                     ALIENABILITY AND ASSIGNMENT PROHIBITION

         Neither Executive nor any Beneficiary under this Agreement shall have
any power or right to transfer, assign, anticipate, hypothecate, mortgage,
commute, modify or otherwise encumber in advance any of the benefits payable
hereunder, nor shall any of said benefits be subject to seizure for the payment
of any debts, judgments, alimony or separate maintenance owed by the Executive
or his Beneficiary, nor be transferable by operation of law in the event of
bankruptcy, insolvency or otherwise. In the event Executive or any Beneficiary
attempts assignment, communication, hypothecation, transfer or disposal of the
benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

                                       13
<PAGE>

                                   SECTION VII

                                 ACT PROVISIONS

7.1      Named Fiduciary And Administrator. The Bank shall be the Named
         Fiduciary and Administrator of this Agreement. As Administrator, the
         Bank shall be responsible for the management, control and
         administration of the Agreement as established herein. The
         Administrator may delegate to others certain aspects of the management
         and operational responsibilities of the Agreement, including the
         employment of advisors and the delegation of ministerial duties to
         qualified individuals.

7.2      Claims Procedure And Arbitration. In the event that benefits under this
         Agreement are not paid to the Executive (or to his Beneficiary in the
         case of the Executive's death) and such claimants feel they are
         entitled to receive such benefits, then a written claim must be made to
         the Administrator named above within sixty (60) days from the date
         payments are refused. The Administrator and its Board of Directors
         shall review the written claim and, if the claim is denied, in whole or
         in part, they shall provide in writing within ninety (90) days of
         receipt of such claim their specific reasons for such denial, reference
         to the provisions of this Agreement upon which the denial is based and
         any additional material or information necessary to perfect the claim.
         Such written notice shall further indicate the additional steps to be
         taken by claimants if a further review of the claim denial is desired.

         If claimants desire a second review, they shall notify the
         Administrator in writing within sixty (60) days of the first claim
         denial. Claimants may

                                       14
<PAGE>

         review the Agreement or any documents relating thereto and submit any
         issues, in writing, and comments they may feel appropriate. In its sole
         discretion, the Administrator shall then review the second claim and
         provide a written decision within sixty (60) days of receipt of such
         claim. This decision shall likewise state the specific reasons for the
         decision and shall include reference to specific provisions of the
         Agreement upon which the decision is based.

         If claimants continue to dispute the benefit denial based upon
         completed performance of the Agreement or the meaning and effect of the
         terms and conditions thereof, then claimants may submit the dispute to
         mediation, administered by the American Arbitration Bank ("AAA") (or a
         mediator selected by the parties) in accordance with the AAA's
         Commercial Mediation Rules. If mediation is not successful in resolving
         the dispute, it shall be settled by arbitration administered by the AAA
         under its Commercial Arbitration Rules, and judgment on the award
         rendered by the arbitrator(s) may be entered in any court having
         jurisdiction thereof.

         Where a dispute arises as to the Bank's discharge of Executive for
         Cause, such dispute shall likewise be submitted to arbitration as above
         described and the parties hereto agree to be bound by the decision
         thereunder.

                                  SECTION VIII

                                  MISCELLANEOUS

8.1      No Effect on Employment Rights. Nothing contained herein shall confer
         upon the Executive the right to be retained in the service of the Bank
         nor limit the right of the Bank to discharge or otherwise deal with the

                                       15
<PAGE>

         Executive without regard to the existence of this Agreement. The
         provisions of 12 CFR Part 563.39 (including all of its subparts) shall
         be fully applicable to this Agreement.

8.2      Disclosure. Each Executive shall receive a copy of his Agreement and
         the Administrator will make available, upon request, a copy of the
         rules and regulations that govern this type of Agreement.

8.3      State Law. The Agreement is established under, and will be construed
         according to, the laws of the State of New York, to the extent that
         such laws are not preempted by the Act and valid regulations published
         thereunder.

8.4      Severability. In the event that any of the provisions of this Agreement
         or portion thereof, are held to be inoperative or invalid by any court
         of competent jurisdiction, then: (1) insofar as is reasonable, effect
         will be given to the intent manifested in the provisions held invalid
         or inoperative, and (2) the validity and enforceability of the
         remaining provisions will not be affected thereby.

8.5      Incapacity of Recipient. In the event Executive is declared incompetent
         and a conservator or other person legally charged with the care of his
         person or of his estate is appointed, any benefits under the Agreement
         to which such Executive is entitled shall be paid to such conservator
         or other person legally charged with the care of his person or his
         Estate. Except as provided above in this paragraph, when the Bank's
         Board of Directors in its sole discretion, determines that an Executive
         is unable to manage his financial affairs, the Board may direct the
         Bank to make distributions to any person for the benefit of such
         Executive.

                                       16
<PAGE>

8.6      Unclaimed Benefit. Each Executive shall keep the Bank informed of his
         current address and the current address of his Beneficiaries. The Bank
         shall not be obligated to search for the whereabouts of any person. If
         the location of an Executive is not made known to the Bank within three
         years after the date on which any payment of the Executive's
         Supplemental Retirement Income Benefit may be made, payment may be made
         as though the Executive had died at the end of the three-year period.
         If, within one additional year after such three-year period has
         elapsed, or, within three years after the actual death of the
         Executive, the Bank is unable to locate any Beneficiary of the
         Executive, then the Bank may fully discharge its obligation by payment
         to the Estate.

8.7      Limitations on Liability. Notwithstanding any of the preceding
         provisions of the Agreement, neither the Bank, nor any individual
         acting as an employee or agent of the Bank or as a member of the Board
         of Directors shall be liable to any Executive, former Executive, or any
         other person for any claim, loss, liability or expense incurred in
         connection with the Agreement.

8.8      Gender. Whenever, in this Agreement, words are used in the masculine or
         neuter gender, they shall be read and construed as in the masculine,
         feminine or neuter gender, whenever they should so apply.

8.9      Affect on Other Corporate Benefit Agreements. Nothing contained in this
         Agreement shall affect the right of the Executive to participate in, or
         be covered by, any qualified or non-qualified pension, profit sharing,
         group, bonus or other supplemental compensation or fringe benefit
         agreement constituting a part of the Bank's existing or future
         compensation structure.

                                       17
<PAGE>

8.10     Headings. Headings and sub-headings in this Agreement are inserted for
         reference and convenience only and shall not be deemed a part of this
         Agreement.

8.11     Establishment of Rabbi Trust. The Bank intends to establish a rabbi
         trust into which the Bank intends to contribute assets which shall be
         held therein, subject to the claims of the Bank's creditors in the
         event of the Bank's "Insolvency" as defined in the agreement which
         establishes such rabbi trust, until the contributed assets are paid to
         the Executives and their Beneficiaries in such manner and at such times
         as specified in this Agreement. It is the intention of the Bank to make
         contributions to the rabbi trust to provide the Bank with a source of
         funds to assist it in meeting the liabilities of this Agreement. The
         rabbi trust and any assets held therein shall conform to the terms of
         the rabbi trust agreement which has been established in conjunction
         with this Agreement. To the extent the language in this Agreement is
         modified by the language in the rabbi trust agreement, the rabbi trust
         agreement shall supersede this Agreement. Any contributions to the
         rabbi trust shall be made during each Plan Year in accordance with the
         rabbi trust agreement. The amount of such contribution(s) shall be
         equal to the full present value of all benefit accruals under this
         Plan, if any, less: (i) previous contributions made on behalf of the
         Executive to the rabbi trust, and (ii) earnings to date on all such
         previous contributions.

8.12     Tax Withholding. The Bank may withhold from any benefit payable under
         this Agreement all federal, state, city, or other taxes as shall be
         required pursuant to any law or governmental regulation then in effect.

                                       18
<PAGE>

                                   SECTION IX

                     NON-COMPETITION AFTER NORMAL RETIREMENT

9.1      Non-Compete Clause. Except as stated in the second paragraph of this
         subsection, the Executive expressly agrees that, as consideration for
         the agreements of the Bank contained herein and as a condition to the
         performance by the Bank of its obligations hereunder, throughout the
         entire period beginning at the time of termination of employment until
         the final payment is made to Executive, as provided herein, he will
         not, without the prior written consent of the Bank, engage in, become
         interested, directly or indirectly, as a sole proprietor, as a partner
         in a partnership, or as a substantial shareholder in a corporation, nor
         become associated with, in the capacity of an employee, director,
         officer, principal, agent, trustee or in any other capacity whatsoever,
         any enterprise conducted in the trading area of the business of the
         Bank which enterprise is, or may deemed to be, competitive with any
         business carried on by the Bank as of the date of the termination of
         the Executive's employment or his retirement. The parties agree that
         if, for any reason, any covenant contained herein is held by a court or
         other tribunal to be unenforceable or invalid, that such court or
         tribunal will have the authority to limit such covenant to that which
         the court or tribunal deems proper under the circumstances and to
         enforce such covenant as limited. Notwithstanding the foregoing,
         Executive agrees to honor the terms of this Non-Compete Clause and not
         to contest its enforceability.

         In the event Executive's termination follows a Change in Control or
         other material change in the Bank's structure or business activities,
         Executive shall be entitled to his Supplemental Retirement Income
         Benefit whether

                                       19
<PAGE>

         or not he enters into an arrangement that is deemed to be competitive
         with the Bank.

9.2      Breach. In the event of any breach by the Executive of the agreements
         and covenants contained herein, the Board of Directors of the Bank
         shall direct that any unpaid balance of any payments to the Executive
         under this Agreement be suspended, and shall thereupon notify the
         Executive of such suspensions, in writing. Thereupon, if the Board of
         Directors of the Bank shall determine that said breach by the Executive
         has continued for a period of one (1) month following notification of
         such suspension, all rights of the Executive and his Beneficiaries
         under this Agreement, including rights to further payments hereunder,
         shall thereupon terminate.

                                    SECTION X

                              AMENDMENT/REVOCATION

         This Agreement shall not be amended, modified, or revoked at any time,
in whole or part, without the mutual written consent of the Executive and the
Bank, and such mutual consent shall be required even if the Executive is no
longer employed by the Bank.

                                   ARTICLE XI

                                    EXECUTION

11.1     This Agreement sets forth the entire understanding of the parties
         hereto with respect to the transactions contemplated hereby, and any
         previous agreements or understandings between the parties hereto
         regarding the subject matter hereof are merged into and superseded by
         this Agreement.

                                       20
<PAGE>

11.2     This Agreement shall be executed in triplicate, each copy of which,
         when so executed and delivered, shall be an original, but all three
         copies shall together constitute one and the same instrument.

                  [Remainder of page intentionally left blank.]

                                       21
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed on the day and date first above written.

ATTEST:                             EXECUTIVE

/s/ Lisa King                       /s/ Gregory Kreis
--------------------                ---------------------------
                                    Gregory J. Kreis

                                    OSWEGO COUNTY SAVINGS BANK

                                    By: /s/ Paul J. Heins

                                    Title:   Vice Chairman

                                       22
<PAGE>

                 EXECUTIVE SUPPLEMENTAL RETIRE INCOME AGREEMENT

                             BENEFICIARY DESIGNATION

         Executive, Gregory J. Kreis, under the terms of a certain Executive
Supplemental Retirement Income Agreement by and between him and OSWEGO COUNTY
SAVINGS BANK, Oswego, New York, dated March 15, 2000, hereby designates the
following Beneficiary to receive any guaranteed payments or death benefits under
such Agreement, following his death:

         PRIMARY BENEFICIARY:

         SECONDARY BENEFICIARY:

         Such Beneficiary Designation is revocable.

DATE: __________________, 2000

------------------------------               ------------------------------
          (WITNESS)                                     (EXECUTIVE)

------------------------------
          (WITNESS)

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