Document:

Exhibit 10.8

 Exhibit 10.6 
 THREE-YEAR CHANGE IN CONTROL AGREEMENT 
 This Change in Control Agreement
(the “Agreement”) is made effective as of the          day of                     ,
2011 (the “Effective Date”), by and between Home Federal Savings and Loan Association (the “Association”), a federally chartered stock savings and loan association that is headquartered in Ashland, Kentucky, and James W.
King (“Executive”). 
 WITNESSETH 
 WHEREAS, the Association is a wholly owned subsidiary of Poage Bankshares, Inc., a corporation organized under the laws of the Commonwealth of Kentucky (the “Company”); 

WHEREAS, Executive is currently employed as Executive Vice President and Chief Information Officer of the Association; 

WHEREAS, the Company and the Association desire to be ensured of Executive’s continued active participation in the business of the
Association; 
 WHEREAS, in order to induce Executive to remain in the employ of the Association and in consideration of
Executive’s agreeing to remain in the employ of the Association, the parties desire to specify the severance benefits which shall be due Executive in the event that his employment with the Association is terminated under specified
circumstances. 
 NOW THEREFORE, in consideration of the mutual agreements herein contained, and upon the other terms and
conditions hereinafter provided, the parties hereby agree as follows: 
  

	1.	TERM OF AGREEMENT 

 (a)
The term of this Agreement shall begin as of the Effective Date and shall continue for thirty-six (36) full calendar months hereafter. 
 (b) Commencing on the first anniversary date of the Agreement (the “Anniversary Date”) and continuing on each Anniversary Date thereafter, the term of this Agreement shall be extended for an
additional year such that the remaining term shall be thirty-six (36) months, until such time as the board of directors of the Association (the “Board”) or Executive elects not to extend the term of the Agreement by giving written
notice to the other party at least ninety (90) days prior to an Anniversary Date, in which case the term of this Agreement shall be fixed and shall terminate at the end of the twenty-four (24) months following such Anniversary Date. At
least ninety (90) days prior to each Anniversary Date, the disinterested members of the Board will conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend this Agreement, and the
results thereof will be included in the minutes of the Board’s meeting. 

	2.	DEFINITIONS 

 (a)
Change in Control. For purposes of this Agreement, a “Change in Control” means any of the following events: 
  

	 	(1)	Merger: The Company or the Association merges into or consolidates with another entity, or merges another bank or corporation into the Association or the
Company, and as a result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Association immediately before the
merger or consolidation; 

  

	 	(2)	Acquisition of Significant Share Ownership: There is filed, or is required to be filed, a report on Schedule 13D or another form or schedule (other than Schedule
13G) required under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, if the schedule discloses that the filing person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the
Company’s or the Association’s voting securities; provided, however, this clause (b) shall not apply to beneficial ownership of the Company’s or the Association’s voting shares held in a fiduciary capacity by an entity of
which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities; 

  

	 	(3)	Change in Board Composition: During any period of two consecutive years, individuals who constitute the Company’s or the Association’s Board of
Directors at the beginning of the two-year period cease for any reason to constitute at least a majority of the Company’s or the Association’s Board of Directors; provided, however, that for purposes of this clause (c), each director who
is first elected by the board (or first nominated by the board for election by the stockholders or corporators) by a vote of at least two-thirds (2/3) of the directors who were directors at the beginning of the two-year period shall be deemed
to have also been a director at the beginning of such period; or 

  

	 	(4)	Sale of Assets: The Company or the Association sells to a third party all or substantially all of its assets. 

(b) Good Reason shall mean a termination by Executive following a Change in Control if, without Executive’s express written
consent, any of the following occurs: 
  

	 	(1)	failure to elect or reelect or to appoint or reappoint Executive as Executive Vice President and Chief Information Officer; 

 

	 	(2)	 a material change in Executive’s position to become one of lesser responsibility, importance or scope then the position Executive held

  
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immediately prior to the Change in Control; 

  

	 	(3)	a liquidation or dissolution of the Association other than liquidations or dissolutions that are caused by reorganizations that do not affect the status of Executive;

  

	 	(4)	a material reduction in Executive’s base salary and benefits; or 

  

	 	(5)	a relocation of Executive’s principal place of employment by more than 30 miles from its location as of the date of this Agreement; 

provided, however, that prior to any termination of employment for Good Reason, Executive must first provide written notice to the
Association (or its successor) within sixty (60) days following the initial existence of the condition, describing the existence of such condition, and the Association shall thereafter have the right to remedy the condition within thirty
(30) days of the date the Association received the written notice from Executive. If the Association remedies the condition within such thirty (30) day cure period, then no Good Reason shall be deemed to exist with respect to such
condition. If the Association does not remedy the condition within such thirty (30) day cure period, then Executive may deliver a Notice of Termination for Good Reason at any time within sixty (60) days following the expiration of such
cure period. 
 (c) Termination for Cause shall mean termination because of, in the good faith determination of the
Board, Executive’s: 
  

	 	(1)	personal dishonesty; 

  

	 	(2)	incompetence; 

  

	 	(3)	willful misconduct; 

  

	 	(4)	breach of fiduciary duty involving personal profit; 

  

	 	(5)	material breach of the Association’s or the Company’s Code of Ethics; 

 

	 	(6)	material violation of the Sarbanes-Oxley requirements for officers of public companies that in the reasonable opinion of the Board will likely cause substantial
financial harm or substantial injury to the reputation of the Association or the Company; 

  

	 	(7)	intentional failure to perform stated duties under this Agreement after written notice thereof from the Board; 

 

	 	(8)	willful violation of any law, rule or regulation (other than traffic violations or similar offenses) that reflect adversely on the reputation of the Association, any
felony conviction, any violation of law involving moral turpitude, or any violation of a final cease-and-desist order; or 

  
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	 	(9)	material breach by Executive of any provision of this Agreement. 

 A determination of whether Executive’s employment shall be terminated for Cause shall be made at a meeting of the Board called and held for such purpose, at which the Board makes a finding that in
good faith opinion of the Board an event set forth in clauses (1), (2), (3), (4), (5), (6), (7), (8), or (9) above has occurred and specifying the particulars thereof in detail. 

(d) For purposes of this Agreement, any termination of Executive’s employment shall be construed to require a “Separation from
Service” in accordance with Code Section 409A and the regulations promulgated thereunder, such that the Association and Executive reasonably anticipate that the level of bona fide services Executive would perform after termination
of employment would permanently decrease to a level that is less than 20% of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding thirty-six (36)-month period.

  

	3.	BENEFITS UPON TERMINATION 

(a) If Executive’s employment by the Association shall be terminated subsequent to a Change in Control and during the term of this
Agreement by (i) the Association for other than Cause, or (ii) Executive for Good Reason, then the Association shall: 

(1) pay Executive, or in the event of Executive’s subsequent death, Executive’s beneficiary or beneficiaries or estate, as
applicable, a cash severance amount equal to: 
 (i) three (3) times Executive’s base salary in effect
as of the Date of Termination, and 
 (ii) three (3) times the highest rate of bonus earned by Executive
from the Association in any one of the three calendar years immediately preceding the year in which the termination occurs, and 
 (iii) payable by lump sum within ten (10) business days of the Date of Termination. 
 (2) cause to be continued, at no cost to Executive, non-taxable medical and dental coverage substantially identical to the coverage maintained by the Association for Executive prior to Executive’s
termination for thirty-six (36) months. 
 (b) In no event shall the payments or benefits to be made or provided to
Executive under Section 3 hereof (the “Termination Benefits”) constitute an “excess parachute payment” under Section 280G of the Code or any successor thereto, and in order to avoid such a result, Termination Benefits
will be reduced, if necessary, to an amount, the value of which is one dollar ($1.00) less than an amount equal to three (3) times Executive’s “base amount,” as determined in accordance with Section 280G of the Code. The
reduction of the Termination 

  
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Benefits provided by this Section 3 shall be applied to the cash severance benefits otherwise payable under Section 3(a) hereof. 

 

	4.	NOTICE OF TERMINATION 

Any purported termination by the Association or by Executive in connection with or following a Change in Control shall be communicated by
Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a written notice which shall indicate the Date of Termination and, in the event of termination of Executive, the specific
termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated. “Date of
Termination” shall mean the date specified in the Notice of Termination (which, in the case of a termination for Cause, shall be immediate). In no event shall the Date of Termination exceed thirty (30) days from the date the Notice of
Termination is given. 
  

	5.	SOURCE OF PAYMENTS 

 All
payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Association. 
  

	6.	REQUIRED REGULATORY PROVISIONS 

 (a) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Association’s affairs by a notice served under Section 8(e)(3) (12 USC
§1818(e)(3)) or 8(g)(1) (12 USC §1818(g)(1)) of the Federal Deposit Insurance Act (“FDIA”), the Association’s obligations under this Agreement shall be suspended as of the date of service, unless stayed by appropriate
proceedings. If the charges in the notice are dismissed, the Association may in its discretion (i) pay Executive all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate (in whole or in
part) any of its obligations which were suspended. 
 (b) If Executive is removed and/or permanently prohibited
from participating in the conduct of the Association’s affairs by an order issued under Section 8(e)(4) (12 U.S.C. §1818(e)(4)) or 8(g)(1) (12 U.S.C. §1818(g)(1)) of FDIA, all obligations of the Association under this Agreement
shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected. 
 (c) If the Association is in default as defined in Section 3(x)(1) (12 U.S.C. §1813(x)(1)) of FDIA, all obligations under this Agreement shall terminate as of the date of default, but this
paragraph shall not affect any vested rights of the contracting parties. 
 (d) All obligations under this
Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Association, (i) by the Director of OTS or his or her designee, at the time the FDIC enters into
an agreement to provide assistance to or on behalf of the Association under the authority contained in Section 13(c) (12 U.S.C. §1823(c)) of FDIA; or (ii) by the Director of OTS or his or her designee at the time the Director of OTS
or his or her designee approves 

  
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a supervisory merger to resolve problems related to operations of the Association or when the Association is determined by the Director of OTS or his or her designee to be in an unsafe or unsound
condition. Any rights of the parties that have already vested, however, shall not be affected by such action. 

(e) Notwithstanding anything herein to the contrary, any payments to Executive by the Company, whether pursuant to this
Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of FDIA, 12 U.S.C. Section 1828(k), and the regulations promulgated thereunder in 12 C.F.R. Part 359. 

 

	7.	NO ATTACHMENT 

 Except as
required by law, no right to receive payments 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 or
assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void, and of no effect. 
  

	8.	ENTIRE AGREEMENT; MODIFICATION AND WAIVER 

 (a) This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Association and Executive, except that this Agreement shall not affect or
operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that Executive is subject to receiving fewer benefits than those available to her without
reference to this Agreement. 
 (b) This Agreement may not be modified or amended except by an instrument in writing signed by
the parties hereto. 
 (c) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any
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 such 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 that specifically waived. 

 

	9.	SEVERABILITY 

 If, for any
reason, any provision of this Agreement, or any part of any provision, is held invalid, such invalidity shall not affect any other provision of this Agreement or any part of such provision not held so invalid, and each such other provision and part
thereof shall to the full extent consistent with law continue in full force and effect. 

  
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	10.	HEADINGS FOR REFERENCE ONLY 

 The headings of sections and 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. 

 

	11.	GOVERNING LAW 

 This
Agreement shall be governed by the laws of the Commonwealth of Kentucky but only to the extent not superseded by federal law. 
  

	12.	ARBITRATION 

 Any dispute
or controversy arising under or in connection with this Agreement shall be settled exclusively by binding arbitration, as an alternative to civil litigation and without any trial by jury to resolve such claims, conducted by a single arbitrator,
mutually acceptable to the Association and Executive, sitting in a location selected by the Association within fifty (50) miles from the main office of the Association, in accordance with the rules of the American Arbitration Association’s
National Rules for the Resolution of Employment Disputes then in effect. Within thirty (30) days following written notice of a request for binding arbitration by either the Association or the Executive, (a) the Association and Executive
shall use their best efforts to select an arbitrator, (b) the Association shall select a location for the arbitration, and (c) the Association and Executive shall use their best efforts to set a date for the arbitration. Judgment may be
entered on the arbitrator’s award in any court having jurisdiction. 
  

	13.	PAYMENT OF LEGAL FEES 

 To
the extent that such payment(s) may be made without triggering penalty under Code Section 409A, all reasonable legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be
paid or reimbursed by the Association, provided that the dispute or interpretation has been resolved in Executive’s favor, and such reimbursement shall occur no later than sixty (60) days after the end of the year in which the dispute is
settled or resolved in Executive’s favor. 
  

	14.	OBLIGATIONS OF ASSOCIATION 

The termination of Executive’s employment, other than following a Change in Control, shall not result in any obligation of the
Association under this Agreement. 
  

	15.	SUCCESSORS AND ASSIGNS 

The Association shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to
all or substantially all the business or assets of the Association, expressly and unconditionally to assume and agree to perform the Association’s obligations under this Agreement, in the same manner and to the same extent that the Association
would be required to perform if no such succession or assignment had taken place. 
 [Signature Page Follows] 

  
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 SIGNATURES 
 IN WITNESS WHEREOF, the Association has caused this Agreement to be executed by its duly authorized officer, and Executive has signed this Agreement, as of the Effective Date. 

 

			
	HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
		
	By:	 	 
		 	

			
	
	EXECUTIVE
	
	 
		 	James W. King

  
 8Exhibit 10.9

 Exhibit 10.7
 RETENTION AND NON-COMPETITION AGREEMENT 
 FOR 

ROBERT S. CURTIS 
 This Retention Agreement (the “Agreement”) is entered into by and between Home Federal Savings and Loan Association, a savings institution organized and existing under the laws of the United
States of America (the “Association” or “Employer”) and Robert S. Curtis (the “Executive”), effective as of April 29, 2011. 
 PREAMBLE 
 An integral part of the Agreement is to encourage and induce the
Executive to remain as a full-time executive officer of the Association until he attains the retirement age of sixty-five (65) and to recognize his service to the Association. 

WITNESSETH: 
 WHEREAS, the Association desires to be ensured of the Executive’s continued active participation in the business of the Association; and 

WHEREAS, to induce the Executive to continue in the Association’s employ to age sixty-five (65), the Association proposes to
supplement the benefits payable to the Executive upon his retirement. 
 NOW, THEREFORE, in consideration of the mutual promises of the
parties hereto, the parties agree as follows: 
 1. Payment upon Termination of Employment On or After Age 65. 

If the Executive’s employment is terminated for any reason other than Cause on or after the date he attains the age of sixty-five
(65), the Association shall pay the Executive an amount equal to one time his base salary, as in effect in the fiscal year preceding the fiscal year of termination of employment (“Retention Bonus”). The Retention Bonus shall be paid in
four equal annual installments (each installment payment shall equal 25% of the Retention Bonus). The first payment will be made to the Executive on the first day of the seventh month after the date of termination of employment and the remaining
three payments will be made on each anniversary date of the first payment. 
 2. Payment upon Termination of Employment On or After Age
64. 
 If the Executive’s employment is terminated for any reason other than Cause on or after the date he attains the
age of sixty-four (64) but prior to age sixty-five (65), the Association shall pay the Executive an amount equal to one-half (50%) of his Retention Bonus (“50% of Retention Bonus”). The 50% of Retention Bonus shall be paid in
four equal annual installments (each installment payment shall equal 12.5% of the Retention 

 
Bonus). The first payment will be made to the Executive on the first day of the seventh month following the date of termination of employment and the remaining three payments will be made on each
anniversary date of the first payment. 
 3. No Payment upon Termination of Employment Prior to Age 64. 

Upon a termination of employment prior to age sixty-four (64), the Executive shall not receive any payment under this Agreement, unless
such termination of employment is due to death or Disability or as provided in Section 8 of this Agreement. 
 4. Payment upon
Death. 
 Upon the death of the Executive prior to termination of employment, the Retention Bonus shall be paid to the
Executive’s beneficiary in a single lump sum payment within thirty (30) days following the occurrence of death. 
 If
the Executive dies after termination of employment, the Executive’s beneficiary shall receive all remaining payments to which the Executive was otherwise entitled to in a single lump sum payment within thirty (30) days following the
occurrence of death. 
 5. Payment upon Disability. 
 Upon the termination of employment of the Executive due to Disability, the Executive shall be paid an amount equal to his Retention Bonus. The Retention Bonus shall be paid in four equal annual
installments (each installment payment shall equal 25% of the Retention Bonus). The first payment will be made to the Executive on the first day of the seventh month following the date of termination of employment and the remaining three payments
will be made on each anniversary date of the first payment. For purposes hereof, Disability shall mean the Executive qualifies for benefits under the Association’s long-term disability plan. 

6. Termination of Employment Requires Separation from Service. 
 For purposes of this Agreement, any termination of Executive’s employment shall be construed to require a “Separation from Service” in accordance with Section 409A of the Internal
Revenue Code of 1986, as amended, and the regulations promulgated thereunder, such that the Association and Executive reasonably anticipate that the level of bona fide services Executive would perform after termination of employment would
permanently decrease to a level that is less than 20% of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding thirty-six (36)-month period. 

7. Termination for Cause. 
 Upon a termination of the Executive’s employment for Cause, the Executive shall not be entitled to any benefits under this Agreement. Cause shall mean termination 

  
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because of, in the good faith determination of the Board of Directors of the Association (“Board”), Executive’s personal dishonesty; incompetence; willful misconduct; breach of
fiduciary duty involving personal profit; material breach of the Association’s or its holding company’s Code of Ethics; material violation of the Sarbanes-Oxley requirements for officers of public companies that in the reasonable opinion
of the Board will likely cause substantial financial harm or substantial injury to the reputation of the Association or its holding company; or willful violation of any law, rule or regulation (other than traffic violations or similar offenses) that
reflect adversely on the reputation of the Association, any felony conviction, any violation of law involving moral turpitude, or any violation of a final cease-and-desist order. A determination of whether Executive’s employment shall be
terminated for Cause shall be made at a meeting of the Board called and held for such purpose, at which the Board makes a finding that in good faith opinion of the Board an event constituting Cause has occurred and specifying the particulars thereof
in detail. 
 8. Termination without Cause. 
 In the event the Association involuntarily terminates the Executive’s employment for a reason other than Cause, the Executive shall be entitled to a pro-rated amount of the Retention Bonus. The
pro-rated amount shall be determined by multiplying the Retention Bonus by a fraction, with the numerator equal to the number of full months the Executive worked commencing with the date of this Agreement and the denominator equal to the number of
full months measured from the date of this Agreement to the Executive’s 65th birthday. 
 9. Covenant Not to Compete. 

 

	 	(a)	Executive hereby acknowledges and recognizes the highly competitive nature of the business of the Association and, accordingly, agrees that during the period he is
receiving payments under this Agreement, Executive shall not, except as otherwise permitted in writing by the Association: 

 (i) solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the effect of causing any officer or employee of the
Association and Poage Bankshares, Inc. (the “Company”), or any of their respective subsidiaries or affiliates, to terminate his or her employment and accept employment or become affiliated with, or provide services for compensation in any
capacity whatsoever to, any firm, corporation, entity or enterprise that competes with the business of the Association and the Company, or any of their direct or indirect subsidiaries or affiliates, and has offices within a twenty (20) mile
radius of the Association’s offices, determined as of the effective date of such 

  
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termination, except as agreed to pursuant to a resolution duly adopted by the Board of Directors (“Competitor”); 

(ii) serve as a consultant, director, independent contractor, employee of, or provide financial or other assistance to, any Competitor;
or 
 (iii) directly or indirectly solicit persons or entities who were customers, clients, or referral sources of the
Association and the Company, or their subsidiaries to become a customer, client, or referral source of any Competitor. 
  

	 	(b)	If Executive violates any provision contained in Section 9 of this Agreement, the Executive acknowledges and agrees that the Association and the Company will be
entitled to seek an injunction restraining Executive from competing or disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of the Association and to recover any provable damages. Nothing
herein will be construed as prohibiting the Association from pursuing any other remedies available to the Association for such breach or threatened breach, including the recovery of damages from Executive. 

 

	 	(c)	It is expressly understood and agreed that, although Executive and the Association and the Company consider the restrictions contained in Section 9(a) hereof
reasonable for the purpose of preserving for the Association and the Company and their subsidiaries their good will and other proprietary rights, if a final judicial determination is made by a court having jurisdiction that the time or territory or
any other restriction contained in Section 9(a) hereof is an unreasonable or otherwise unenforceable restriction against Executive, the provisions of Section 9(a) hereof shall not be rendered void but shall be deemed amended to apply as to
such maximum time and territory and to such other extent as such court may judicially determine or indicate to be reasonable. 

  

	 	(d)	The provisions of this Section 9 shall survive the termination of the Agreement, regardless of the reason for termination. 

10. Designation of Beneficiary. 
 The Executive may from time to time, by providing a written notification to the Employer, designate any person, estate or trust as a beneficiary to receive benefits which are payable under this Agreement.
Each beneficiary designation shall revoke all prior designations and will be effective only when filed in writing with the Association’s Compensation Committee, or any successor thereto (the “Committee”). If the Executive fails to
designate a beneficiary, then the benefits which are payable as provided in this Agreement shall be paid to his estate. 

  
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 11. Claims Procedure. The Executive or his designated beneficiary or beneficiaries may make a claim
for benefits under this Agreement by filing a written request with the Committee. If a claim is wholly or partially denied, the Committee shall furnish the claimant with written notice of: 

(a) the specific reason or reasons for the denial; and 
 (b) specific reference to the pertinent provisions of this Agreement on which the denial is based. 
 Such notice shall be furnished to the claimant within ninety (90) days after the receipt of his claim, unless special circumstances require an extension of time for processing his claim. If an
extension of time for processing is required, the Committee shall, prior to the termination of the initial ninety (90) day period, furnish the claimant with written notice indicating the special circumstances requiring an extension and the date
by which the Committee expects to render its decision. In no event shall an extension exceed a period of ninety (90) days from the end of the initial ninety (90) day period. 

A claimant may request the Committee to review a denied claim. Such request shall be in writing and must be delivered to the Committee
within sixty (60) days after receipt by the claimant of written notification of denial of claim. A claimant or his duly authorized representative may: 
 (a) review pertinent documents, and 
 (b) submit issues and comments in writing.

 The Committee shall notify the claimant of its decision on review not later than sixty (60) days after receipt of a
request for review, unless special circumstances require an extension of time for processing, in which case a decision shall be rendered as soon as possible, but not later than one hundred twenty (120) days after receipt of a request for
review. If an extension of time for review is required because of special circumstances, written notice of the extension must be furnished to the claimant prior to the commencement of the extension. The Committee’s decision on the review shall
be in writing and shall include specific reasons for the decision, as well as specific references to the pertinent provisions of this Agreement on which the decision is based. 
 12. Withholding. To the extent required by the law in effect at the time payment of the Retention Bonus is made, the Association shall withhold from such payment any taxes or other amounts required
by law to be withheld. 
 13. Unsecured Promise. Nothing contained in this Agreement shall create or require the Employer to create a
trust of any kind to fund the benefits payable hereunder. To the extent that the Executive or any other person acquires a right to receive payments from 

  
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 the Employer, such individual shall at all times remain an unsecured general creditor of the Employer.

 14. Assignment. The right of the Executive or any other person to the payment of benefits under this Agreement shall not be subject to
alienation, assignment, garnishment, attachment, execution or levy of any kind, and any attempt to cause such benefits to be so subjected shall not be recognized by the Employer. 
 15. Employment. Nothing contained herein shall be construed to grant the Executive the right to be retained in the employ of the Employer or any other rights or interests other than those
specifically set forth herein. 
 16. Amendment, Suspension or Termination. This Agreement shall be binding upon and inure to the benefit
of the Employer and the Executive. The Employer shall have the right to suspend, terminate or amend this Agreement only with the mutual consent of the Executive; provided, however, no such suspension, termination or amendment shall adversely affect
the rights of the Executive or any beneficiary to the funds and benefits which have accrued as of the date of such action. 
 17.
Successors. This Agreement shall be binding upon and inure to the benefit of the Employer, its successors and assigns and the Executive and his heirs, executors, administrators, and legal representatives. 

18. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Kentucky. 

19. ERISA. The parties intend that this Agreement shall at all times be characterized as a “top hat” plan of deferred compensation
maintained for the Executive who is a highly compensated employee, as described under Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974 (the “ERISA”), and the Agreement shall at all times
satisfy Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and as enacted under the American Jobs Creation Act of 2004. The provisions of the Agreement shall be construed to effectuate such intentions. The
Agreement shall be unfunded for tax purposes and for purposes of Title I of ERISA. 

  
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 IN WITNESS HEREOF, this Agreement has been executed as of the date first above
written. 
  

			
	HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
		
	By:	 	/s/ Tom Rupert
		 	Tom Rupert
		 	Chairman of the Board
		
	By:	 	/s/ Darryl Akers
		 	Darryl Akers
		 	President & CEO
	
	EXECUTIVE
		
	By:	 	/s/ Robert S. Curtis
		 	Robert S. Curtis

  
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