Document:

EX-10.2

 

Exhibit 10.2

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (this “AGREEMENT”) is entered into effective the 1st day
of July, 2006, by and between Franklin Savings and Loan Company, a savings and loan association
incorporated under the laws of the State of Ohio (the “EMPLOYER”), and Daniel T. Voelpel (the
“EMPLOYEE”), an individual whose residence address is 2214 Bretton, Cincinnati, Ohio 45244;

WITNESSETH:

     WHEREAS, the EMPLOYEE has been employed by the EMPLOYER for 22 years and is currently the Vice
President and Chief Financial Officer of the EMPLOYER;

     WHEREAS, the Board of Directors has elected the EMPLOYEE to serve as the Senior Vice President
and Chief Financial Officer of the EMPLOYER, effective July 1, 2006; and

and

     WHEREAS, as a result of the skill, knowledge, experience and performance of the EMPLOYEE, the
EMPLOYER desires to continue to retain the services of the EMPLOYEE as the Senior Vice President
and Chief Financial Officer in accordance with the terms and conditions of this AGREEMENT;

     NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the EMPLOYER
and the EMPLOYEE agree as follows:

     1. Employment and Term. The EMPLOYEE is employed as the Senior Vice President and
Chief Financial Officer of the EMPLOYER, and the EMPLOYEE hereby accepts employment as the Senior
Vice President and Chief Financial Officer of the EMPLOYER, upon the terms and conditions of this
AGREEMENT. The term of employment shall be for the period commencing on the date hereof and shall
end on June 30, 2009 (the “TERM”). Prior to the end of each year of the TERM, the AGREEMENT may be
extended for periods of one year each by the EMPLOYER’s Board of Directors (“BOARD”) at its sole
and exclusive discretion, subject to the EMPLOYEE’s acceptance thereof. Prior to granting any such
extension, the BOARD or the Chief Executive Office of the EMPLOYER (the “CEO”) will conduct a
performance evaluation of the EMPLOYEE, and the results of such review shall be noted in the
minutes of the meeting of the BOARD (the “ANNUAL REVIEW”). The TERM of this AGREEMENT, together
with each extension period, is hereinafter referred to as the “EMPLOYMENT TERM”.

     2. Duties of EMPLOYEE.

          (a) General Duties and Responsibilities. The EMPLOYEE shall serve as the Senior Vice
President and Chief Financial Officer of the EMPLOYER and shall perform the duties and
responsibilities customary for such offices to the best of his ability and in accordance with the
policies established by the BOARD and all applicable laws and regulations. The EMPLOYEE shall
perform such other duties not inconsistent with his position as may be assigned to him from time to
time by the CEO; provided, however, that during the EMPLOYMENT TERM, the EMPLOYER shall employ the
EMPLOYEE in a senior executive capacity without diminishment of the importance or prestige of his
position.

          (b) Devotion of Time to the EMPLOYER’s Business. The EMPLOYEE shall devote his entire
productive time, ability and attention during normal business hours throughout the EMPLOYMENT TERM
to the faithful performance of his duties under this AGREEMENT. The EMPLOYEE shall not directly or
indirectly render any services of a business, commercial or professional nature to any person or
organization without the prior written consent of the BOARD or the CEO; provided, however, that the
EMPLOYEE shall not be precluded from: (i) vacations and other leave time in accordance with
Section 3(c) hereof; (ii) reasonable participation in community, civic, charitable or similar
organizations; (iii) reasonable participation in industry-related activities including, but not
limited to, attending industry trade association conferences and meetings, and holding positions of
responsibility therein; (iv) serving as an officer and/or director of the EMPLOYER’s parent or
subsidiaries and receiving and retaining compensation, directors’ fees and other benefits
therefrom; or (v) the pursuit of personal investments that do not interfere or conflict with the
performance of the EMPLOYEE’s duties for the EMPLOYER.

     3. Compensation, Benefits and Reimbursements.

          (a) Salary. The EMPLOYEE shall receive an annual salary payable in equal installments
not less often than monthly. The amount of the annual salary shall be $145,000 until changed by
the BOARD. The amount of the EMPLOYEE’s annual salary shall be reviewed in connection with the
ANNUAL REVIEW and shall be set at an amount not less than $145,000, based upon the EMPLOYEE’s
individual performance and the overall profitability and financial condition of the EMPLOYER and
such other factors as the EMPLOYER may deem relevant. Any directors’ fees received by the
EMPLOYEE, whether paid by the EMPLOYER or any other entity, shall be in addition to the salary
provided for in this AGREEMENT and may be retained by the EMPLOYEE in their entirety.

          (b) Employee Benefit Programs. During the EMPLOYMENT TERM, the EMPLOYEE shall be
entitled to participate in all formally established employee benefit, bonus, retirement plans and
similar programs that are maintained by the EMPLOYER from time to time, including programs
regarding group health, disability or life insurance, salary continuation insurance, reimbursement
of membership fees in civic, social and professional organizations, employee stock ownership plan,
stock option plan, pension or profit-sharing plan, and all employee benefit plans or programs
hereafter adopted in writing by the BOARD, for which senior management personnel are eligible
(collectively, the “BENEFIT PLANS”). Notwithstanding the foregoing, the EMPLOYER may discontinue
at any time any such BENEFIT PLANS now existing or hereafter adopted, to the extent permitted by
the terms of such plans, and shall not be required to compensate the EMPLOYEE for the elimination
of any such BENEFIT PLANS.

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          (c) Vacation and Sick Leave.

               (i) The EMPLOYEE shall be entitled to an annual vacation in accordance with the EMPLOYER’s
general vacation policy. Vacation time shall be scheduled by the EMPLOYEE in a reasonable manner
and shall be subject to approval by the CEO; and

               (ii) The EMPLOYEE shall be entitled to annual sick leave in accordance with the EMPLOYER’s
general sick leave policy.

          (d) Disability. In the event of the disability, the EMPLOYEE shall be entitled to
benefits in accordance with the terms and conditions of any disability program maintained by the
EMPLOYER.

          (e) Expenses. The EMPLOYER shall pay or reimburse the EMPLOYEE for all reasonable
travel, entertainment and miscellaneous expenses incurred in connection with the performance of his
duties under this AGREEMENT including participation in industry-related activities. Such
reimbursement shall be made in accordance with the existing policies and procedures of the EMPLOYER
pertaining to reimbursement of expenses to senior management officials.

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

          (a) Termination After CHANGE OF CONTROL. If, in connection with or within one year
after a CHANGE OF CONTROL (hereinafter defined) of the EMPLOYER, the EMPLOYEE elects to terminate
his employment or the EMPLOYER terminates the employment of the EMPLOYEE for any reason other than
JUST CAUSE, then the following shall occur:

               (i) The EMPLOYER shall promptly pay to the EMPLOYEE or to his beneficiaries, dependents or
estate an amount equal to three times the EMPLOYEE’s “average annual compensation” as such term is
defined in Section 280G of the Internal Revenue Code of 1986, as amended.

               (ii) The EMPLOYEE, his eligible dependents and beneficiaries shall continue to be covered
under any group health, hospitalization and disability plans maintained by the EMPLOYER at the
EMPLOYER’s expense and as if the EMPLOYEE were still employed under this AGREEMENT, to the extent
permitted under the terms of such plans, until the earliest of (A) the end of the EMPLOYMENT TERM
or (B) the date on which the EMPLOYEE is included in another employer’s plans providing comparable
benefits and coverage.

          (b) Termination without CHANGE OF CONTROL. In the event the EMPLOYER terminates the
employment of the EMPLOYEE for any reason other than JUST CAUSE, and the termination is not in
connection with a CHANGE OF CONTROL pursuant to Section 4(a) of this AGREEMENT, the EMPLOYER shall
be obligated to continue to (i) pay on a monthly basis to the EMPLOYEE, his designated
beneficiaries or his estate, his annual salary provided pursuant to Section 3(a) of this AGREEMENT
as of the date of termination for a period of 12 months; and (ii) provide to the EMPLOYEE, his
eligible dependents and benficiaries, at the EMPLOYER’s current percentage of total expense, group
health benefits, hospitalization and disability benefits substantially equal to those being
provided to the EMPLOYEE at the date of termination of his employment, to the extent permitted
under the terms of such plans, until the earliest to occur of (A) the first anniversary of the
effective date of the EMPLOYEE’s termination, or (B) the date the EMPLOYEE is included in another
employer’s plans providing comparable benefits and coverage.

          (c) Death of the EMPLOYEE. The EMPLOYMENT TERM shall automatically terminate upon the
death of the EMPLOYEE. In the event of such death, the EMPLOYEE’s estate shall be entitled to
receive the compensation due the EMPLOYEE through the last day of the calendar month in which the
death occurred.

          (d) No Mitigation. The EMPLOYEE shall not be required to mitigate the amount of any
payment provided for in this AGREEMENT, whether in this Section 4 or elsewhere in this AGREEMENT,
by seeking other employment or otherwise, nor shall any amounts received from other employment or
otherwise by the EMPLOYEE offset

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in any manner the obligations of the EMPLOYER hereunder, except as specifically stated in (a)(ii)
and (b)(ii) of this Section 4.

          (e) “Golden Parachute” Provision. Any payments made to the EMPLOYEE pursuant to this
AGREEMENT or otherwise are subject to and conditioned upon their compliance with 12 U.S.C. §1828(k)
and any regulations promulgated thereunder.

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

     5. Special Regulatory Events. Notwithstanding Section 4 of this AGREEMENT, the
obligations of the EMPLOYER to the EMPLOYEE shall be as follows in the event of the following
circumstances:

          (a) If the EMPLOYEE is suspended and/or temporarily prohibited from participating in the
conduct of the EMPLOYER’s affairs by a notice served under section 8(e)(3) or (g)(1) of the Federal
Deposit Insurance Act (the “FDIA”), the EMPLOYER’s obligations under this AGREEMENT shall be
suspended as of the date of service of such notice, unless stayed by appropriate proceedings. If
the charges in the notice are dismissed, the EMPLOYER shall pay the EMPLOYEE all or part of the
compensation withheld while the obligations in this AGREEMENT were suspended and reinstate, in
whole or in part, any of the obligations that were suspended;

          (b) If the EMPLOYEE is removed and/or permanently prohibited from participating in the conduct
of the EMPLOYER’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, all
obligations of the EMPLOYER under this AGREEMENT shall terminate as of the effective date of such
order; provided, however, that vested rights of the EMPLOYEE shall not be affected by such
termination;

          (c) If the EMPLOYER is in default, as defined in section 3(x)(1) of the FDIA, all obligations
under this AGREEMENT shall terminate as of the date of default; provided, however, that vested
rights of the EMPLOYEE shall not be affected;

          (d) All obligations under this AGREEMENT shall be terminated, except to the extent of a
determination that the continuation of this AGREEMENT is necessary for the continued operation of
the EMPLOYER, (i) by the Director of the OTS, or his or her designee at the time that the Federal
Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the
EMPLOYER under the authority contained in Section 13(c) of the FDIA or (ii) by the Director of the
OTS, or his or her designee, at any time the Director of the OTS approves a supervisory merger to
resolve problems related to the operation of the EMPLOYER or when the EMPLOYER is determined by the
Director of the OTS to be in an unsafe or unsound condition; provided, however that no vested
rights of the EMPLOYEE shall be affected by any such termination; and

          (e) The provisions of this Section 5 are governed by the requirements of 12 C.F.R. §563.39(b)
and in the event that any statements in this Section 5 are inconsistent with 12 C.F.R. §563.39(b),
the provisions of 12 C.F.R. §563.39(b) shall be controlling.

     6. Confidential Information. The EMPLOYEE acknowledges that during his employment he
has learned, will learn and will have access to confidential information regarding the EMPLOYER and
its customers and business. The EMPLOYEE agrees and covenants not to disclose or use for his own
benefit or the benefit of any other person or entity any confidential information, unless or until
the EMPLOYER consents to such disclosure or use or such information becomes common knowledge in the
industry or is otherwise legally in the public domain. The EMPLOYEE shall not knowingly disclose
or reveal to any unauthorized person any confidential information relating to the EMPLOYER, its
subsidiaries or affiliates, or to any of the businesses operated by them, and the EMPLOYEE confirms
that such information constitutes the exclusive property of the EMPLOYER. The EMPLOYEE shall not
otherwise knowingly act or conduct himself to the material detriment of the EMPLOYER, its
subsidiaries or affiliates or in a manner which is inimical or contrary to the interests of the
EMPLOYER.

     7. Nonassignability. Neither this AGREEMENT nor any right or interest hereunder shall
be assignable by the EMPLOYEE, his beneficiaries or legal representatives without the EMPLOYER’s
prior written consent; provided, however,

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that nothing in this Section 7 shall preclude (i) the EMPLOYEE from designating a beneficiary to
receive any benefits payable hereunder upon his death or (ii) the executors, administrators or
other legal representatives of the EMPLOYEE or his estate from assigning any rights hereunder to
the person or persons entitled thereto.

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

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

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

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

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

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

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

     15. Effect of Prior Agreements. This AGREEMENT contains the entire understanding
between the parties hereto and supersedes any prior employment agreement between the EMPLOYER, or
any predecessor of the EMPLOYER, and the EMPLOYEE.

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

	 	 	 	 	 
	 	FRANKLIN SAVINGS AND LOAN COMPANY

 	 
	 	By:  	                        /s/ Gretchen J Schmidt
 	 
	 	 	Gretchen Schmidt 	 
	 	 	its  President 	 
	 
	 	 	 
	 	     /s/ Daniel T Voelpel
 	 
	 	Daniel T. Voelpel 	 
	 	 	 
	 

4<PAGE>

                                                                    EXHIBIT 10.7

                            MASTER GROUP CONTRACT FOR
                        CLAIMS AND ADMINISTRATIVE SERVICE

                                     BETWEEN

                             DENTAL CARE PLUS, INC.

                                       AND

                                        .

      This Contract is entered into as of this_____ day of ____ , by and between
DENTAL CARE PLUS, INC. ("Dental Care Plus") with its principal place of business
at 100 Crowne Point Place, Cincinnati, Ohio 45241, and _________ ("Employer")
with its principal place of business at ____ to provide administrative functions
and claims services for dental care benefits through the Dental Care Plus
prepaid dental plan to eligible employees and their dependents.

      Wherever in this Agreement reference is made to the term "Plan", it shall
mean the benefits for the Employer's employees and their dependents as set forth
in Appendix A.

                                    RECITALS

      WHEREAS, Employer maintains a self-insured dental plan ("Plan") to provide
for certain dental services for certain eligible employees and their dependents
on a prepaid basis;

      WHEREAS, Dental Care Plus provides claims payment and other administrative
services to sponsors of self-insured dental plans;

      WHEREAS, Dental Care Plus has signed participation agreements with
dentists in the Greater Cincinnati area to provide dental care at a contracted
fee rate for users of the Plan; and

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<PAGE>

      WHEREAS, Employer wishes to enter into a contract with Dental Care Plus
whereby Dental Care Plus agrees to administer claims submitted under Employer's
Plan.

      NOW, THEREFORE, in consideration of the mutual promises contained herein
and other good and valuable consideration, the parties hereby agree as follows:

                                    ARTICLE I

                Responsibilities of Dental Care Plus with Respect
                          to Administration of the Plan

         1.01 Dental Care Plus will provide and maintain suitable facilities and
services for the performance of its responsibilities under this contract.

         1.02 Dental Care Plus will prepare a monthly administration fee invoice
on approximately the fifteenth (15th) day of each month (or if the 15th falls on
a weekend or holiday, the previous business day) and transmit the invoice to
Employer.

         1.03 Dental Care Plus will verify the eligibility of participants under
the Plan based on information provided by Employer and determine the validity of
claims submitted by Plan participants, making appropriate investigations as may
be necessary.

         1.04 Dental Care Plus will pay eligible claims in accordance with the
terms of Plan. A copy of claims information will be furnished to Employer on
request. Dental Care Plus will process claims payment checks, check write, for
covered services every two weeks.

         1.05 Dental Care Plus will notify Employer regarding any submitted
claims which are questioned under Dental Care Plus' interpretation of the Plan,
and refer such claims to Employer for handling under the claims procedures of
the Plan. Dental Care Plus will take appropriate action on such claims per
Employer's instructions following such referral.

                                       2
<PAGE>

         1.06 If any payment is made hereunder to an ineligible person, for a
non-covered service, or if it is determined that an amount has been paid in
error by Dental Care Plus, Dental Care Plus will attempt to recover or adjust
such payment. Dental Care Plus will not be required to initiate court
proceedings to effect any such adjustment. If Dental Care Plus is unsuccessful
in making such adjustment, it shall so notify Employer and Employer may take
such adjustment actions as may be available.

         1.07 Dental Care Plus will provide a standard claims form for use by
Plan providers and such other forms which are necessary for Dental Care Plus to
perform its claims administration duties.

         1.08 Dental Care Plus will report to Employer matters of general
interest with respect to administration of the Plan, problems of a recurring
nature, utilization review information, suspected misuses of benefits, and will
provide advice as to more effective methods of administering the Plan.

         1.09 Dental Care Plus shall maintain such files and records pertaining
to claims and performance of its services as is ordinary and required by
Employer.

         1.10 Dental Care Plus will perform any other administrative functions
incidental to the proper and business-like execution of the claims service
function as may be required and agreed to between Employer and Dental Care Plus.

         1.11 Dental Care Plus may seek the services of one or more persons or
entities to render advice with regard to any responsibility it has under this
Contract. Dental Care Plus will be responsible for costs associated with such
services.

                                       3
<PAGE>

                                   ARTICLE II

                          Responsibilities of Employer

         2.01 Employer will make the final decision on any disputed or
questionable claim referred to Employer by Dental Care Plus as specified in
Section 1.05 above, and communicate the final decision on such claim to Dental
Care Plus.

         2.02 Employer will pay Dental Care Plus the monthly administration fee
per Plan participant, as specified in Addendum A of the Master Group Contract
and as thereafter modified by agreement of the parties.

         2.03 Employer will fund the Paid Claim Expenses invoiced every two
weeks as specified in Addendum A of the Master Group Contract and as thereafter
modified by agreement of the Parties. Dental Care Plus will send a Claim Expense
Backup Report to Employer every two weeks following each Check Write.

         2.04 Employer will make such payments agreed to in Sections 2.02 and
2.03 regardless of any arrangement of Employer to receive from, or otherwise
charge to, its enrolled employees, all or any part of such fees.

         2.05 Employer will notify each employee of his or her eligibility to
participate in the Plan, and the procedures for enrollment in the Plan. Employer
will conduct enrollment as provided in the Plan and submit to Dental Care Plus
the completed enrollment forms.

         2.06 Employer agrees to keep such records and furnish to Dental Care
Plus such applications, notices, or periodic reports as may reasonably be
required by Dental Care Plus for the purpose of verifying enrollment of
participants, processing terminations of coverage, effecting changes in
participants' coverage options under the Plan by reason of a change in marital
or family status, determining the fees payable by Employer under this Contract,
and for any other purpose reasonably related to the carrying out of the terms of
this Contract.

                                       4
<PAGE>

         2.07 Employer will, at its own expense and utilizing its own claims and
auditor staff, have the right to periodically audit the files and records of
Dental Care Plus which relate to the duties performed under the terms of this
Contract.

         2.08 It is understood that the legal and tax status of the Plan under
applicable law is a matter of determination by the Employer, and not by Dental
Care Plus. It is further understood that Dental Care Plus is neither the
Administrator, nor a named Fiduciary of the Plan, as defined under the Employee
Retirement Income Security Act of 1974 (P.L. 93-406).

                                   ARTICLE III

               Indemnification and Limitation on Payment of Claims

         3.01 Employer agrees to indemnify Dental Care Plus and hold Dental Care
Plus harmless against any and all loss, damage, and expense, including court
costs and reasonable attorney's fees, demands or lawsuits resulting from or
arising out of claims, demands or lawsuits brought against Dental Care Plus to
recover benefits under the Plan or other arrangements within the scope of this
Contract.

         3.02 Paragraph 3.01 of this Article III (above) shall not apply to
claims, losses or damages arising from the negligent or intentional actions of
Dental Care Plus, its agents, officers and employees.

         3.03 In the event that Employer defaults on the terms of this contract
and no longer pays Dental Care Plus as agreed to under the terms of this
Contract, Dental Care Plus will notify the dentists who have signed
participating dentist agreements and Plan participants. Dental Care Plus assumes
no responsibility nor liability to pay claims for covered services in the event
Employer has failed to pay Dental Care Plus under the terms of this contract.

                                       5
<PAGE>

                                   ARTICLE IV

                             Participating Dentists

         4.01 Dental Care Plus agrees that the Plan participants are entitled to
the services covered by the Plan and coordination of dental care services from
dentists who have signed participating dentist agreements. Dental Care Plus will
coordinate and arrange for the delivery of dental care services to Plan
participants by Participating Dentist.

         4.02 Dental Care Plus will provide a list of dentists who have signed
participating dentist agreements to Plan participants.

         4.03 All participating dentists are licensed to practice dentistry
pursuant to Ohio and Kentucky laws. All participating dentists are independent
contractors.

                                    ARTICLE V

                             Effective Date and Term

         5.01 The Effective Date of this Contract and the renewal date shall be
the date designated in the Application for Master Group Contract.

         5.02 The term of this Contract shall be for a period of one (1) year
commencing on the Effective Date and, unless terminated sooner as provided
herein, shall be automatically renewed for a one (1) year period beginning on
the anniversary date of this Contract; provided, however, Dental Care Plus or
Employer may terminate this Contract without cause at any time by giving sixty
(60) days prior written notice of termination to the other party.

                                       6
<PAGE>

         5.03 In addition to the right of termination provided in Section 5.02,
this Contract may be terminated for the following causes and in the following
manner:

         (A) If Employer fails to pay any amounts payable to Dental Care Plus
under this Contract, Dental Care Plus may terminate this Contract, without
notice, effective at the expiration of the last period for which Employer paid
under the provisions of the Contract. Acceptance of a delinquent payment by
Dental Care Plus shall not be deemed a waiver of this provision for termination
in the event of any future failure of Employer to make timely payment under the
Contract.

         5.04 Dental Care Plus reserves the right to change the benefits, terms
and conditions thereof provided under this Contract by giving Employer not less
than sixty (60) days notice prior to the annual automatic renewal date.

                                   ARTICLE VI

                                  Miscellaneous

         6.01 All notices or demands under this Contract, shall be in writing
and shall be deemed to have been duly given if delivered by hand or mailed by
registered mail, postage prepaid, and addressed in a manner consistent with the
Application for Master Group Contract.

         6.02 This Contract and the Exhibits hereto constitute the entire
agreement between parties.

         6.03 Plan participants shall have only the rights and benefits, subject
to the terms and conditions, set forth in the Plan.

         6.04 This Contract shall be governed by and construed in accordance
with the laws of the State of Ohio.

                                       7
<PAGE>

         6.05 This Contract shall be binding upon and inure to the benefit of
the parties hereto, their successors and assigns. The rights and obligations of
either party hereunder shall not be assigned without consent of the other party.

         6.06 The headings of the various sections have been inserted for
convenience of reference only and do not constitute a part of the Contract.

         6.07 In the event any of the provisions contained in this Contract
shall for any reason be held invalid, illegal or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect any other
provision and this Contract shall be construed as if the invalid, illegal or
unenforceable provision had never been contained herein.

         IN WITNESS WHEREOF, the parties hereto have executed this Contract as
of the day and year first-mentioned above.

DENTAL CARE PLUS, INC.                              EMPLOYER

By:                                     By:
    _____________________________           ________________________________

Date:                                   Date:
      ___________________________             ______________________________

Title:                                  Title:
       __________________________              _____________________________

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