Document:

Exhibit
10.3.9

AMENDMENT
NUMBER NINE

TO
THE

ACCESSBANK PROFIT-SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN

 

MODEL AMENDMENTS UNDER CODE SECTION
401(a)(31)(B)

AUTOMATIC ROLLOVER
OF INVOLUNTARY CASH-OUT DISTRIBUTIONS

 

WHEREAS, the AccessBank Profit-Sharing and Employee Stock Ownership
Plan (the “Plan”) provides that AccessBank (the “Company”) has the power and
right to amend the Plan:

 

NOW THEREFORE, the Company hereby amends the Plan by the adoption of
the following model amendments issued by the Internal Revenue Service:

 

I.             The
Plan hereby is amended by the addition of the following:

 

MODEL AMENDMENT UNDER CODE SECTION 401(a)(31)(B)

 

        1.1.          Applicability.  The requirements of this Model Amendment are
applicable and effective only if the involuntary cash-out threshold specified
in the Plan is greater than $1,000.

 

        1.2.          Effective Date.  The provisions of this Model Amendment will
apply for purposes of making involuntary cash-out distributions to terminated
Participants with vested account balances exceeding $1,000, effective March 28,
2005.

 

        1.3.          Precedence.  The requirements of this Model Amendment will
take precedence over any inconsistent provisions of the Plan.  However, nothing in this Model Amendment will
be construed to offer or provide any optional form of distribution not
available under the terms of the Plan.

 

        1.4           Mandatory Distribution.  In the event of a mandatory distribution
greater than $1,000 in accordance with the provisions of Section 8.4, if the
Participant does not elect to have such distribution paid directly to an
eligible retirement plan specified by the Participant in a direct rollover or
to receive the distribution directly in accordance with Sections 8.7 and
8.4[b][1], then the Plan Administrator will pay the distribution in a direct rollover
to an individual retirement plan designated by the Plan Administrator.

 

*END OF MODEL AMENDMENT*

 

 

IN WITNESS
WHEREOF, the undersigned officers being duly authorized by the Board of
Directors of AccessBank and Access Anytime Bancorp, Inc., hereby approve and
adopt this Amendment as of the date first set forth below.

 

	
   

  	
  ACCESSBANK

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Don K. Padgett

  	
   

  
	
   

  	
  Title:

  	
  President

  	
   

  
	
   

  	
  Date:

  	
  March 24, 2005

  	
   

  
	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/ Kathy Allenberg

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ACCESS ANYTIME BANCORP, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Norman R. Corzine

  	
   

  
	
   

  	
  Title:

  	
  Chairman

  	
   

  
	
   

  	
  Date:

  	
  March 24, 2005

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/ Kathy Allenberg

  	
   

  	
   

  	
   

  

 

2Exhibit
10.7.6

AMENDMENT

TO

EMPLOYMENT
AGREEMENT

 

 

                This
Amendment to Employment Agreement (this “Amendment”) dated March 1, 2005, by
and between ACCESSBANK (the “Bank”), a federally
chartered stock savings bank, its parent holding company, Access Anytime BanCorp,
Inc., a Delaware corporation (the “Company”), and Norman R. Corzine (the “Officer”).  The Officer is Executive Vice President,
Chief Investment Officer, and a Director (Vice Chairman) of the Bank and has
been duly elected to these positions. 
Also, the Officer is Chairman, Chief Executive Officer, and a Director
of the Company and has been duly elected to these positions.  Any capitalized term used and not otherwise
defined herein shall have the meaning assigned to such term in the Employment
Agreement (as defined below).

 

RECITALS

 

                WHEREAS,
the Bank, the Company and the Officer are parties to that Employment Agreement
(the “Employment Agreement”) dated as of July 29, 1999, as amended August 23,
2001, and December 16, 2002; February 15, 2004, and

 

                WHEREAS,
the parties hereto desire to further amend the Employment Agreement.

 

AGREEMENT

 

                NOW,
THEREFORE, in consideration of the premises and respective agreements contained
herein and for other good and valuable consideration, the parties agree to amend
the Employment Agreement as follows:

 

                1.             Term.  The term of this Agreement shall be extended
for a period one (1) year through December 31, 2007.

 

                2.             Compensation.

 

                                (a)           Section 4(a) shall be revised to
reflect that the annual salary of the Officer shall be not less than One
Hundred Ninety Thousand Dollars ($190,000) per annum.

 

                                (b)           The last sentence of Section 4(b)
shall be deleted in its entirety and replaced with the following:  “The allocation of the Board’s Discretionary and
Performance Bonus for 2005 performance shall be no greater than Fifty Thousand Dollars
($50,000).”

 

 

                3.             Termination by the
Officer.

 

                                (a)           Section 6, Termination by the
Officer, shall be deleted in its entirety and replaced with the following:

 

                4.             Termination by the
Officer.

 

                                (a)           Good Reason.  The Officer may terminate his employment for
good reason if:

 

                                                (i)            any other corporation or entity
acquires all or substantially all of the business of the Bank/Company;

 

                                                (ii)           he is not re-elected an officer;

 

                                                (iii)          he is assigned duties inconsistent
with his duties as an officer or inconsistent with his experience; or

 

                                                (iv)          he elects to retire.

 

                                (b)           Termination for Good Reason.  The Officer shall exercise his right to
terminate his employment for Good Reason by giving the Bank/Company prompt
written notice of termination specifying in reasonable detail the circumstances
constituting such Good Reason and specifying such date of termination as the
Officer shall determine.

 

                                (c)           Compensation and Benefits Due
Officer.  In the event of a
termination for Good Reason, the Bank/Company shall pay to the Officer salary
and employee benefits for the balance of the term of the Agreement and after
the term of the Agreement, the Bank/Company shall continue to cover Employee and
dependent under the Company health/life benefit plan.  The portion of the premium paid by the
Officer shall be withhold from any deferred compensation paid to the Officer
after termination of employment or if none, shall be paid personally by the
Officer.

 

                                (d)           Change in Control.  If the Good Reason for the Officer’s
termination of his employment is that another corporation or entity acquires
all or substantially all of the business of the Bank/Company, Officer may
request that he be paid a balance due Officer under Section 4(a) and 2(a) of
this amendment for the remaining term of the Agreement in cash or stock at
closing, or paid out over the remainder of the term of the Agreement.”

 

                5.             This
Agreement incorporates all other terms and conditions of the Employment
Agreement, as previously amended, except as modified herein.

 

2

 

                IN
WITNESS WHEREOF, the parties have executed this Agreement on the date first
above written.

 

	
  ACCESSBANK

  	
  Access Anytime BanCorp, Inc.

  
	
   

  	
   

  
	
  By: 

  	
  /s/ Robert C. Lydick

  	
   

  	
  By:

  	
   /s/ Don K. Padgett

  
	
  Its:

  	
  Chairman

  	
  Its:

  	
  President

  
	
  3/1/05

  	
  3/1/05

  
	
   

  	
   

  
	
  Officer

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Norman R. Corzine

  	
   

  	
   

  
	
   

  	
  Norman R. Corzine

  	
   

  
	
   

  	
  3/1/05

  	
   

  

 

3Exhibit
10.8.2

AMENDMENT

TO

EMPLOYMENT
AGREEMENT

 

 

                This
Amendment to Employment Agreement (this “Amendment”) dated February 15th,
2004, by and between FirstBank (the “Bank”), a federally chartered stock
savings bank, its parent holding company, Access Anytime BanCorp, Inc., a
Delaware corporation (the “Company”), and Don K. Padgett (the “Officer”).  The Officer is President, Chief Executive
Officer, and a Director of the Bank and has been duly elected to these
positions.  Also, the Officer is President
and a Director of the Company and has been duly elected to these
positions.  Any capitalized term used and
not otherwise defined herein shall have the meaning assigned to such term in
the Employment Agreement (as defined below).

 

RECITALS

 

                WHEREAS,
the Bank, the Company and the Officer are parties to that Employment Agreement
(the “Employment Agreement”) dated as of February 16, 2002, as amended December
16, 2002; and

 

                WHEREAS,
the parties hereto desire to further amend the Employment Agreement.

 

AGREEMENT

 

                NOW,
THEREFORE, in consideration of the premises and respective agreements contained
herein and for other good and valuable consideration, the parties agree to
amend the Employment Agreement as follows:

 

                1.             Term.  The term of this Agreement shall be extended
for a period one (1) year through December 31, 2006.

 

                2.             Compensation.

 

                                (a)           Section 4(a) shall be revised to
reflect that the annual salary of the Officer shall be not less than One
Hundred fifty Thousand Dollars ($150,000) per annum.

 

                                (b)           The last sentence of Section 4(b)
shall be deleted in its entirety and replaced with the following:  “The allocation of the Board’s Discretionary
Bonus for 2003 performance shall be at least Twenty-Five Thousand Dollars
($25,000).”

 

 

 

 

                3.             Termination by the
Officer.

 

                                (a)           Section 6, Termination by the
Officer, shall be deleted in its entirety and replaced with the following:

 

 

                “6.           Termination by the
Officer.

 

                                (a)           Good Reason.  The Officer may terminate his employment for
good reason if:

 

                                                (i)            any other corporation or entity
acquires all or substantially all of the business of the Bank/Company;

 

                                                (ii)           he is not re-elected an officer;

 

                                                (iii)          he is assigned duties inconsistent
with his duties as an officer or inconsistent with his experience; or

 

                                                (iv)          he elects to retire.

 

                                (b)           Termination for Good Reason.  The Officer shall exercise his right to
terminate his employment for Good Reason by giving the Bank/Company prompt
written notice of termination specifying in reasonable detail the circumstances
constituting such Good Reason and specifying such date of termination as the
Officer shall determine.

 

                                (c)           Compensation and Benefits Due
Officer.  In the event of a
termination for Good Reason, the Bank/Company shall pay to the Officer salary
and employee benefits for the balance of the term of the Agreement.

 

                                (d)           Change in Control.  If the Good Reason for the Officer’s
termination of his employment is that another corporation or entity acquires
all or substantially all of the business of the Bank/Company, Officer may
request that he be paid a balance due Officer under Section 4(a) for the
remaining term of the Agreement in cash or stock at closing, or paid out over
the remainder of the term of the Agreement.”

 

                4.             This
Agreement incorporates all other terms and conditions of the Employment
Agreement, as previously amended, except as modified herein.

 

                IN
WITNESS WHEREOF, the parties have executed this Agreement on the date first
above written.

 

2

 

	
  First Bank

  	
  Access Anytime BanCorp, Inc.

  
	
   

  	
   

  
	
  By: 

  	
  /s/ R. Chad Lydick

  	
   

  	
  By: 

  	
  /s/ Norman R. Corzine

  	
   

  
	
  Its: 

  	
  Chairman of the Board

  	
   

  	
  Its: 

  	
  Chairman of the Board

  	
   

  
	
   

  	
   

  
	
  Officer

  	
   

  
	
   

  	
   

  
	
  By:

  	
   /s/ Don K. Padgett

  	
   

  	
   

  
	
   

  	
  Don K. Padgett

  	
   

  
	
   

  	
   

  

 

3

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