Document:

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                                                                   EXHIBIT 10.14

                    THE CORTLAND SAVINGS AND BANKING COMPANY
                       ENDORSEMENT SPLIT DOLLAR AGREEMENT

     THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT is entered into as of this ______
day of ____________, 2005, by and between The Cortland Savings and Banking
Company, an Ohio-chartered bank (the "Bank") and Rodger W. Platt (the
"Executive").

     WHEREAS, the Bank and the Executive entered into a Split Dollar Agreement
dated as of February 23, 2001, as amended by letter amendment dated of as of
August 15, 2002, which agreement grants to the Executive the right to designate
the beneficiary of death proceeds from a policy on the Executive's life,

     WHEREAS, the amount of death proceeds for which the Executive has the right
to designate the beneficiary of death proceeds under the February 23, 2001 Split
Dollar Agreement is equal to one times the Executive's base salary when the
Executive's employment with the Bank terminates,

     WHEREAS, the parties intend that the February 23, 2001 Split Dollar
Agreement, as the same may have been or may hereafter be amended, shall remain
in full force and effect, unaffected in any way by this Endorsement Split Dollar
Agreement,

     WHEREAS, the Bank and the Executive also entered into an Amended Salary
Continuation Agreement and an associated Amended Split Dollar Agreement, each
dated as of August 15, 2002,

     WHEREAS, the August 15, 2002 Amended Salary Continuation Agreement provides
for specified retirement benefits for the Executive after termination of his
employment, and the associated August 15, 2002 Amended Split Dollar Agreement
provides instead for a death benefit of $523,203 under an insurance policy on
the Executive's life if the Executive dies in active service to the Bank,

     WHEREAS, the August 15, 2002 Amended Split Dollar Agreement associated with
the August 15, 2002 Amended Salary Continuation Agreement has terminated because
the agreement provides that it shall terminate on the Executive's 70th birthday,
which occurred in September 2005, and the Executive therefore no longer has any
right to designate the beneficiary of $523,203 of the insurance policy death
benefits under the August 15, 2002 Amended Split Dollar Agreement,

     WHEREAS, the Executive has contributed substantially to the success of the
Bank and its parent company, Cortland Bancorp, an Ohio corporation, and

     WHEREAS, the Bank is willing to divide the death proceeds of a life
insurance policy on the Executive's life.

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     NOW THEREFORE, in consideration of the foregoing premises and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows.

                                    ARTICLE 1
                               GENERAL DEFINITIONS

     Capitalized terms not otherwise defined in this Endorsement Split Dollar
Agreement shall have the same meaning given in the August 15, 2002 Amended
Salary Continuation Agreement. The following terms shall have the meanings
specified -

     1.1 Administrator means the administrator described in Article 7.

     1.2 Executive's Interest means the benefit set forth in Section 2.2(a).

     1.3 Insured means the Executive.

     1.4 Insurer means each life insurance carrier in which there is a Split
Dollar Policy Endorsement attached to this Agreement.

     1.5 Net Death Proceeds means the total death proceeds of the Policy minus
the cash surrender value.

     1.6 Policy means the specific life insurance policy or policies issued by
the Insurers.

     1.7 Split Dollar Policy Endorsement means the form required by the
Administrator or the Insurer to indicate the Executive's interest, if any, in a
Policy on such Executive's life.

                                    ARTICLE 2
                           POLICY OWNERSHIP/INTERESTS

     2.1 Bank Ownership. The Bank is the sole owner of the Policy and shall have
the right to exercise all incidents of ownership. The Bank shall be the
beneficiary of any death proceeds remaining after the Executive's interest has
been paid under Section 2.2 below.

     2.2 Death Benefit. (a) Executive's Interest If the Policy Is Not Cancelled.
The Executive shall have the right to designate the beneficiary of the
Executive's Interest. Provided the Policy is not cancelled, surrendered,
terminated, or allowed to lapse, if at the time of Termination of Employment the
Executive is entitled to benefits under the August 15, 2002 Amended Salary
Continuation Agreement in effect when Termination of Employment occurs, or if
Termination of Employment occurs because of the Executive's death, then the
Executive's beneficiary designated in accordance with the Split Dollar Policy
Endorsement shall be entitled to the Net Death Proceeds less the amount of death
proceeds for which the Executive has the right to designate the beneficiary
under the February 23, 2001 Split Dollar Agreement. The amount to which the
Executive's beneficiary is entitled is referred to in this Endorsement Split

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Dollar Agreement as the "Executive's Interest." Whether under this Endorsement
Split Dollar Agreement or the February 23, 2001 Split Dollar Agreement, in no
case shall the Executive have the right to designate the beneficiary or
beneficiaries of an amount of death proceeds in the aggregate exceeding the Net
Death Benefit. The Executive or the Executive's transferee shall also have the
right to elect and change settlement options that may be permitted for the
Executive's Interest.

     (b) If the Policy Is Cancelled. If the Policy is cancelled, surrendered,
terminated, or allowed to lapse, in any such case without replacement, provided
that at the time of Termination of Employment the Executive is entitled to
benefits under the August 15, 2002 Amended Salary Continuation Agreement in
effect at the time of Termination of Employment, or if Termination of Employment
occurs because of the Executive's death, then the Executive's beneficiary
designated in accordance with the Split Dollar Policy Endorsement shall be
entitled to death proceeds payable by the Bank in an amount in cash equal to the
sum of (1) the amount specified in paragraph (a) of this Section 2.2, measured
at the time the Policy is cancelled, surrendered, terminated, or allowed to
lapse, plus (2) a tax gross-up payment to compensate for federal and state
income taxes imposed on the benefit specified in clause (1) of this Section
2.2(b). The tax gross-up payment required under this clause (2) of Section
2.2(b) shall be calculated in two steps, first by dividing the total death
benefit specified in clause (1) of this Section 2.2(b) by one minus the sum of
(x) the highest marginal individual federal income tax rate under the Internal
Revenue Code at the time of the Executive's death (offset or reduced to account
for the deductibility at the federal level of state income taxes), plus (y) the
highest marginal individual state income tax rate under Ohio law at the time of
the Executive's death. Second, the death benefit specified in clause (1) of this
Section 2.2(b) shall then be subtracted from the amount calculated in that first
step. The difference shall be the additional tax gross-up payment to be made to
compensate for taxes, regardless of whether it exceeds or is less than taxes
imposed on the Executive's estate for "income in respect of a decedent." To
illustrate with a simple hypothetical based on an assumed death benefit amount
of $100,000 paid directly by the Bank under clause (1) of this Section 2.2(b),
the additional tax gross-up payment would be calculated as follows if the
highest marginal individual income tax rates are 35% (federal) and 7.5% (Ohio),
taking into account the deductibility at the federal level of state income
taxes:

     First Step:  $100,000/divided by (1-((35% + 7.5%) - (35% X 7.5%))
                  = $100,000/divided by (1 minus 39.875%)
                  = $100,000/divided by 60.125%, or .60125
                  = $166,320

     Second Step: $166,320 minus $ 100,000
                  = $66,320, the amount of the additional tax gross-up payment

     2.3 Option to Purchase. The Bank shall not sell, surrender or transfer
ownership of the Policy while this Endorsement Split Dollar Agreement is in
effect without first giving the Executive or the Executive's transferee a right
of first refusal to purchase the Policy for the Policy's interpolated terminal
reserve value. Such right of first refusal to purchase the Policy must be
exercised within 60 days from the date the Bank gives written notice of the
Bank's

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intention to sell, surrender or transfer ownership of the Policy. This provision
shall not impair the right of the Bank to terminate this Endorsement Split
Dollar Agreement.

                                    ARTICLE 3
                                    PREMIUMS

     3.1 Premium Payment. The Bank shall pay any premiums due on the Policy.

     3.2 Economic Benefit. The Bank shall determine the economic benefit
attributable to the Executive based on the life insurance premium factor for the
Executive's age multiplied by the aggregate death benefit payable to the
Executive's Beneficiary. The life insurance premium factor is the minimum amount
required to be imputed under Internal Revenue Service Regulations, section
1.61-22(d)(3)(ii), or any subsequent applicable authority. The Bank shall impute
the economic benefit to the Executive on an annual basis by adding the economic
benefit to the Executive's Form W-2 or, if applicable, Form 1099.

                                    ARTICLE 4
                                   ASSIGNMENT

     The Executive may assign without consideration all interests in the Policy
and in this Endorsement Split Dollar Agreement to any person, entity or trust.
If the Executive transfers all of the Executive's interest in the Policy, then
all of the Executive's interest in the Policy and in the Endorsement Split
Dollar Agreement shall be vested in the Executive's transferee, who shall be
substituted as a party hereunder and the Executive shall have no further
interest in the Policy or in this Endorsement Split Dollar Agreement.

                                    ARTICLE 5
                                     INSURER

     The Insurer shall be bound only by the terms of the Policy. Any payments
the Insurer makes or actions it takes in accordance with the Policy shall fully
discharge it from all claims, suits and demands of all entities or persons. The
Insurer shall not be bound by or be deemed to have notice of the provisions of
this Endorsement Split Dollar Agreement.

                                    ARTICLE 6
                                CLAIMS PROCEDURE

     6.1 Claims Procedure. A person or beneficiary ("claimant") who has not
received benefits under this Endorsement Split Dollar Agreement that he or she
believes should be paid shall make a claim for such benefits as follows:

     6.1.1 Initiation - Written Claim. The claimant initiates a claim by
          submitting to the Bank a written claim for the benefits.

     6.1.2 Timing of Bank Response. The Bank shall respond to such claimant
          within 90 days after receiving the claim. If the Bank determines that
          special circumstances

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          require additional time for processing the claim, the Bank can extend
          the response period by an additional 90 days by notifying the claimant
          in writing, before the end of the initial 90-day period, that an
          additional period is required. The notice of extension must set forth
          the special circumstances and the date by which the Bank expects to
          render its decision.

     6.1.3 Notice of Decision. If the Bank denies part or all of the claim, the
          Bank shall notify the claimant in writing of such denial. The Bank
          shall write the notification in a manner calculated to be understood
          by the claimant. The notification shall set forth:

          6.1.3.1 The specific reasons for the denial,

          6.1.3.2 A reference to the specific provisions of this Endorsement
               Split Dollar Agreement on which the denial is based,

          6.1.3.3 A description of any additional information or material
               necessary for the claimant to perfect the claim and an
               explanation of why it is needed,

          6.1.3.4 An explanation of this Endorsement Split Dollar Agreement's
               review procedures and the time limits applicable to such
               procedures, and

          6.1.3.5 A statement of the claimant's right to bring a civil action
               under ERISA (the Employee Retirement Income Security Act of 1974)
               section 502(a) after an adverse benefit determination on review.

     6.2 Review Procedure. If the Bank denies part or all of the claim, the
claimant shall have the opportunity for a full and fair review by the Bank of
the denial, as follows:

     6.2.1 Initiation - Written Request. To initiate the review, within 60 days
          after receiving the Bank's notice of denial the claimant must file
          with the Bank a written request for review.

     6.2.2 Additional Submissions - Information Access. The claimant shall then
          have the opportunity to submit written comments, documents, records
          and other information relating to the claim. Upon request and free of
          charge, the Bank shall also provide the claimant reasonable access to
          and copies of all documents, records, and other information relevant
          (as defined in applicable ERISA regulations) to the claimant's claim
          for benefits.

     6.2.3 Considerations on Review. In considering the review, the Bank shall
          take into account all materials and information the claimant submits
          relating to the claim,

<PAGE>

          without regard to whether such information was submitted or considered
          in the initial benefit determination.

     6.2.4 Timing of Bank Response. The Bank shall respond in writing to such
          claimant within 60 days after receiving the request for review. If the
          Bank determines that special circumstances require additional time for
          processing the claim, the Bank can extend the response period by an
          additional 60 days by notifying the claimant in writing, before the
          end of the initial 60-day period, that an additional period is
          required. The notice of extension must set forth the special
          circumstances and the date by which the Bank expects to render its
          decision.

     6.2.5 Notice of Decision. The Bank shall notify the claimant in writing of
          its decision on review. The Bank shall write the notification in a
          manner calculated to be understood by the claimant. The notification
          shall set forth:

          6.2.5.1 The specific reason for the denial,

          6.2.5.2 A reference to the specific provisions of this Endorsement
               Split Dollar Agreement on which the denial is based,

          6.2.5.3 A statement that the claimant is entitled to receive, upon
               request and free of charge, reasonable access to, and copies of,
               all documents, records and other information relevant (as defined
               in applicable ERISA regulations) to the claimant's claim for
               benefits, and

          6.2.5.4 A statement of the claimant's right to bring a civil action
               under ERISA section 502(a).

                                    ARTICLE 7
                           ADMINISTRATION OF AGREEMENT

     7.1 Administrator Duties. This Endorsement Split Dollar Agreement shall be
administered by an Administrator, which shall consist of the board or such
committee as the board shall appoint. The Executive may be a member of the
Administrator. The Administrator shall also have the discretion and authority to
(a) make, amend, interpret, and enforce all appropriate rules and regulations
for the administration of this Endorsement Split Dollar Agreement and (b) decide
or resolve any and all questions, including interpretations of this Endorsement
Split Dollar Agreement, as may arise in connection with the Endorsement Split
Dollar Agreement.

     7.2 Agents. In the administration of this Endorsement Split Dollar
Agreement, the Administrator may employ agents and delegate to them such
administrative duties as it sees fit (including acting through a duly appointed
representative) and may from time to time consult with counsel, who may be
counsel to the Bank.

<PAGE>

     7.3 Binding Effect of Decisions. The decision or action of the
Administrator with respect to any question arising out of or in connection with
the administration, interpretation, and application of this Endorsement Split
Dollar Agreement and the rules and regulations promulgated hereunder shall be
final and conclusive and binding upon all persons having any interest in the
Endorsement Split Dollar Agreement.

     7.4 Indemnity of Administrator. The Bank shall indemnify and hold harmless
the members of the Administrator against any and all claims, losses, damages,
expenses, or liabilities arising from any action or failure to act with respect
to this Endorsement Split Dollar Agreement, except in the case of willful
misconduct by the Administrator or any of its members.

     7.5 Information. To enable the Administrator to perform its functions, the
Bank shall supply full and timely information to the Administrator on all
matters relating to the date and circumstances of the retirement, death, or
Termination of Employment of the Executive and such other pertinent information
as the Administrator may reasonably require.

                                    ARTICLE 8
                                  MISCELLANEOUS

     8.1 Amendment and Termination. This Endorsement Split Dollar Agreement may
be amended or terminated only by a written agreement signed by the Bank and the
Executive.

     8.2 Binding Effect. This Endorsement Split Dollar Agreement shall bind the
Executive and the Bank and their beneficiaries, survivors, executors,
administrators and transferees, and any Policy beneficiary.

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

     8.4 Successors; Binding Agreement. The Bank will require any successor
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to
all or substantially all of the business and/or assets of the Bank, by an
assumption agreement in form and substance satisfactory to the Executive, to
expressly assume and agree to perform this Endorsement Split Dollar Agreement in
the same manner and to the same extent that the Bank would be required to
perform this Endorsement Split Dollar Agreement if no such succession had taken
place.

     8.5 Applicable Law. This Endorsement Split Dollar Agreement and all rights
hereunder shall be governed by and construed according to the laws of the State
of Ohio, except to the extent preempted by the laws of the United States of
America.

     8.6 Entire Agreement. This Endorsement Split Dollar Agreement constitutes
the entire agreement between the Bank and the Executive concerning the subject
matter hereof.

<PAGE>

However, nothing in this Endorsement Split Dollar Agreement affects in any way
the February 23, 2001 Split Dollar Agreement, as the same may have been or may
hereafter be amended, which agreement shall remain in full force and effect,
unaffected in any way by this Endorsement Split Dollar Agreement. No rights are
granted to the Executive under this Endorsement Split Dollar Agreement other
than those specifically set forth herein.

     8.7 Severability. If any provision of this Endorsement Split Dollar
Agreement is held invalid, such invalidity shall not affect any other provision
of this Endorsement Split Dollar Agreement not held invalid, and each such other
provision shall continue in full force and effect to the full extent consistent
with law. If any provision of this Endorsement Split Dollar Agreement is held
invalid in part, such invalidity shall not affect the remainder of such
provision not held invalid, and the remainder of such provision, together with
all other provisions of this Endorsement Split Dollar Agreement, shall continue
in full force and effect to the full extent consistent with law.

     8.8 Headings. The headings of sections herein are included solely for
convenience of reference and shall not affect the meaning or interpretation of
any provision of this Endorsement Split Dollar Agreement.

     8.9 Notices. All notices, requests, demands, and other communications
hereunder shall be in writing and shall be deemed to have been duly given if
delivered by hand or mailed, certified or registered mail, return receipt
requested, with postage prepaid, to the following addresses or to such other
address as either party may designate by like notice. Unless otherwise changed
by notice, notice shall be properly addressed to the Executive if addressed to
the address of the Executive on the books and records of the Bank at the time of
the delivery of such notice, and properly addressed to the Bank if addressed to
the Board of Directors, The Cortland Savings and Banking Company, 194 West Main
Street, P.O. Box 98, Cortland, Ohio 44410-1466.

     IN WITNESS WHEREOF, the Bank and the Executive have executed this
Endorsement Split Dollar Agreement as of the date first set forth above.

EXECUTIVE:                              BANK:
                                        THE CORTLAND SAVINGS AND BANKING COMPANY

                                        By:
-------------------------------------       ------------------------------------
Roger W. Platt                              Lawrence A. Fantauzzi
                                        Its: Senior Vice President, Controller,
                                             Chief Financial Officer, and
                                             Secretary-Treasurer

<PAGE>

                         SPLIT DOLLAR POLICY ENDORSEMENT
                    THE CORTLAND SAVINGS AND BANKING COMPANY

Insured: Rodger W. Platt    Insurer: Great-West Life & Annuity Insurance Company
Policy No. 85998035

     Pursuant to the terms of The Cortland Savings and Banking Company
Endorsement Split Dollar Agreement dated as of _______________, 2005, the
undersigned Owner requests that the above-referenced policy issued by the
Insurer provides for the following beneficiary designation and limited contract
ownership rights to the Insured:

     1. Upon the death of the Insured, proceeds shall be paid in one sum to the
Owner, its successors or assigns, to the extent of the Owner's interest in the
policy. It is hereby provided that the Insurer may rely solely upon a statement
from the Owner as to the amount of proceeds the Owner is entitled to receive
under this paragraph.

     2. Any proceeds at the death of the Insured in excess of the amount paid
under the provisions of the preceding paragraph shall be paid in one sum to:

________________________________________________________________________________
            PRIMARY BENEFICIARY, RELATIONSHIP/SOCIAL SECURITY NUMBER

________________________________________________________________________________
           CONTINGENT BENEFICIARY, RELATIONSHIP/SOCIAL SECURITY NUMBER

The exclusive right to change the beneficiary for the proceeds payable under
this paragraph, to elect any optional method of settlement for the proceeds paid
under this paragraph which are available under the terms of the policy and to
assign all rights and interests granted under this paragraph are hereby granted
to the Insured. The sole signature of the Insured shall be sufficient to
exercise said rights. The Owner retains all contract rights not granted to the
Insured under this paragraph.

     3. It is agreed by the undersigned that this designation and limited
assignment of rights shall be subject in all respects to the contractual terms
of the policy.

     4. Any payment directed by the Owner under this endorsement shall be a full
discharge of the Insurer, and such discharge shall be binding on all parties
claiming any interest under the policy.

     The undersigned for the Owner is signing in a representative capacity and
warrants that he or she has the authority to bind the entity on whose behalf
this document is being executed.

     Signed at _____________________, Ohio, this ______ day of __________, 2005.

INSURED:                                OWNER:
                                        The Cortland Savings and Banking Company

                                        By:
-------------------------------------       ------------------------------------
Rodger W. Platt                             Lawrence A. Fantauzzi
                                        Its: Senior Vice President, Controller,
                                             Chief Financial Officer, and
                                             Secretary-Treasurer<PAGE>

                                                                   EXHIBIT 10.15

                            INDEMNIFICATION AGREEMENT

     This Indemnification Agreement (this "Agreement") is made as of this
__________ day of ______________, 2005, by and between Cortland Bancorp, an Ohio
corporation (the "Corporation"), and ___________________, a director, officer,
employee, agent, or representative (as hereinafter defined) of the Corporation
(the "Indemnitee").

                                    RECITALS:

     A. The Corporation and the Indemnitee are each aware of the exposure to
litigation officers, directors, employees, agents, and representatives of the
Corporation have as they exercise their duties to the Corporation,

     B. The Corporation and the Indemnitee are also aware of conditions in the
insurance industry that have affected and may continue to affect the
Corporation's ability to obtain appropriate liability insurance on an
economically acceptable basis,

     C. The Corporation desires to continue to benefit from the services of
highly qualified, experienced, and otherwise competent persons such as the
Indemnitee, and

     D. The Indemnitee desires to serve or to continue to serve the Corporation
as a director, officer, employee, or agent or as a director, officer, employee,
agent, or trustee of another corporation, joint venture, trust, or other
enterprise in which the Corporation has a direct or indirect ownership interest,
for so long as the Corporation continues to provide, on an acceptable basis,
adequate and reliable indemnification against liabilities and expenses that may
be incurred by the Indemnitee.

     NOW, THEREFORE, in consideration of the foregoing premises and the mutual
covenants herein contained, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows.

     1. INDEMNIFICATION. Subject to the exclusions contained in Section 9 of
this Agreement, the Corporation shall indemnify the Indemnitee with respect to
his activities as a director, officer, employee, or agent of the Corporation or
as a person who is serving or has served at the request of the Corporation
("representative") as a director, officer, employee, agent, or trustee of
another corporation, joint venture, trust, or other enterprise, domestic or
foreign, in which the Corporation has a direct or indirect ownership interest
(an "affiliated entity") against expenses (including, without limitation,
attorneys' and experts' fees, judgments, fines, and amounts paid or payable in
settlement) actually and reasonably incurred by him ("Expenses") in connection
with any claim against Indemnitee that is the subject of any threatened,
pending, or completed action, suit, or other type of proceeding, whether civil,
criminal, administrative, investigative, or otherwise and whether formal or
informal (a "Proceeding"), to which Indemnitee was, is, or is threatened to be
made a party by reason of facts that include Indemnitee's being or having been
such a director, officer, employee, agent, or representative, to the extent of
the highest and most advantageous to the Indemnitee, as determined by the
Indemnitee, of one or any combination of the following -

     (a)  The benefits provided by the Corporation's Articles of Incorporation
          ("Articles") or Regulations, or the Articles of Incorporation or
          Bylaws or Regulations of an affiliated entity of which the Indemnitee
          serves as a representative, in each case as in effect on the date
          hereof,

     (b)  The benefits provided by the Corporation's Articles or Regulations, or
          the Articles of Incorporation or Bylaws or Regulations of an
          affiliated entity of which the Indemnitee serves as a representative,
          in each case as in effect at the time Expenses are incurred by the
          Indemnitee,

     (c)  The benefits allowable under Ohio law in effect at the date hereof or
          as amended to increase the scope of indemnification,

     (d)  The benefits allowable under the law of the jurisdiction under which
          the Corporation exists at the time Expenses are incurred by the
          Indemnitee,

     (e)  The benefits available under any liability insurance obtained by the
          Corporation in effect when a claim is made against Indemnitee,

<PAGE>

     (f)  The benefits available under any liability insurance obtained by the
          Corporation in effect at the time Expenses are incurred by the
          Indemnitee, and

     (g)  Such other benefits as are or may be otherwise available to
          Indemnitee.

     A combination of two or more of the benefits provided by (a) through (g)
shall be available to the extent that the Applicable Document (as hereafter
defined) does not require that the benefits provided therein be exclusive of
other benefits. The document or law providing for the benefits listed in items
(a) through (g) above is called the "Applicable Document" in this Agreement. The
Corporation hereby undertakes to use its best efforts to assist Indemnitee in
all proper and legal ways to obtain the benefits selected by Indemnitee under
item (a) through (g) above.

     For purposes of this Agreement, references to "other enterprises" shall
include employee benefit plans for employees of the Corporation or of any
affiliated entity, without regard to ownership of such plans; references to
"fines" shall include any excise taxes assessed on the Indemnitee with respect
to any employee benefit plan; references to "serving at the request of the
Corporation" shall include any service as a director, officer, employee, or
agent of the Corporation that imposes duties on or involves services by the
Indemnitee with respect to an employee benefit plan, its participants, or
beneficiaries; references to the masculine shall include the feminine;
references to the singular shall include the plural and vice versa; and if the
Indemnitee acted in good faith and in a manner he reasonably believed to be in
the best interests of the participants and beneficiaries of an employee benefit
plan, he shall be deemed to have acted in a manner consistent with the standards
required for indemnification by the Corporation under the Applicable Documents.

     2. INSURANCE. The Corporation shall maintain liability insurance for so
long as Indemnitee's services are covered hereunder, provided and to the extent
that such insurance is available on a basis acceptable to the Corporation.
However, the Corporation agrees that the provisions hereof shall remain in
effect regardless of whether liability or other insurance coverage is at any
time obtained or retained by the Corporation. But payments made to Indemnitee
under an insurance policy obtained or retained by the Corporation shall reduce
the obligation of the Corporation to make payments hereunder by the amount of
the payments made under any such insurance policy.

     3. PAYMENT OF EXPENSES. At Indemnitee's request, after receipt of written
notice under Section 5 hereof and an undertaking in the form of Exhibit A
attached hereto by or on behalf of Indemnitee to repay such amounts so paid on
Indemnitee's behalf if it shall ultimately be determined under the Applicable
Document that Indemnitee is not entitled to be indemnified by the Corporation
for such Expenses, the Corporation shall pay the Expenses as and when incurred
by Indemnitee. That portion of Expenses representing attorneys' fees and other
costs incurred in defending any proceeding shall be paid by the Corporation
within 30 days after the Corporation receives the request and reasonable
documentation evidencing the amount and nature of the Expenses, subject to its
also having received such a notice and undertaking.

     4. ADDITIONAL RIGHTS. The indemnification provided in this Agreement shall
not be exclusive of any other indemnification or right to which Indemnitee may
be entitled and shall continue after Indemnitee has ceased to occupy a position
as an officer, director, employee, agent, or representative as described in
Section 1 above with respect to Proceedings relating to or arising out of
Indemnitee's acts or omissions during his service in such position. The benefits
provided to Indemnitee under this Agreement for the Indemnitee's service as a
representative of an affiliated entity shall be payable if and only if and only
to the extent that reimbursement to Indemnitee by the affiliated entity with
which Indemnitee has served as a representative, whether pursuant to agreement,
applicable law, articles of incorporation or association, bylaws or regulations
of the entity, or insurance maintained by such affiliated entity, is
insufficient to compensate Indemnitee for Expenses actually incurred and
otherwise payable by the Corporation under this Agreement. Any payments in fact
made to or on behalf of the Indemnitee directly or indirectly by the affiliated
entity with which Indemnitee served as a representative shall reduce the
obligation of the Corporation hereunder.

     5. NOTICE TO CORPORATION. Indemnitee shall provide to the Corporation
prompt written notice of any Proceeding brought, threatened, asserted, or
commenced against Indemnitee with respect to which Indemnitee may assert a right
to indemnification hereunder; provided, however, that failure to provide such
notice shall not in any way limit Indemnitee's rights under this Agreement.

<PAGE>

     6. COOPERATION IN DEFENSE AND SETTLEMENT. Indemnitee shall not make any
admission or effect any settlement without the Corporation's written consent
unless Indemnitee shall have determined to undertake his own defense in such
matter and has waived the benefits of this Agreement. The Corporation shall not
settle any Proceeding to which Indemnitee is a party in a manner that would
impose any Expense on Indemnitee without his written consent. Neither Indemnitee
nor the Corporation will unreasonably withhold consent to the proposed
settlement. Indemnitee and the Corporation shall cooperate to the extent
reasonably possible with each other and with the Corporation's insurers in
attempts to defend or settle such Proceeding.

     7. ASSUMPTION OF DEFENSE. Except as otherwise provided below, the
Corporation jointly with any other indemnifying party similarly notified may
assume Indemnitee's defense in any Proceeding, with counsel mutually
satisfactory to Indemnitee and the Corporation. After notice from the
Corporation to Indemnitee of the Corporation's election to assume such defense,
the Corporation will not be liable to Indemnitee under this Agreement for
Expenses subsequently incurred by Indemnitee in connection with the defense
thereof, other than reasonable costs of investigation or as otherwise provided
below. Indemnitee shall have the right to employ counsel in such Proceeding, but
the fees and expenses of such counsel incurred after notice from the Corporation
of its assumption of the defense thereof shall be at Indemnitee's expense
unless:

     (a)  The employment of counsel by Indemnitee has been authorized by the
          Corporation,

     (b)  Counsel employed by the Corporation initially is unacceptable or later
          becomes unacceptable to Indemnitee and such unacceptability is
          reasonable under then existing circumstances,

     (c)  Indemnitee shall have reasonably concluded that there may be a
          conflict of interest between Indemnitee and the Corporation (or
          another party being represented jointly with the Corporation) in the
          conduct of the defense of such Proceeding, or

     (d)  The Corporation shall not have employed counsel promptly to assume the
          defense of such Proceeding,

in each of which cases the fees and expenses of counsel shall be at the expense
of the Corporation and subject to payment pursuant to this Agreement. The
Corporation shall not be entitled to assume the defense of Indemnitee in any
Proceeding brought by or on behalf of the Corporation or as to which Indemnitee
shall have made either of the conclusions provided for in clauses (b) or (c)
above.

     8. ENFORCEMENT. If a dispute or controversy arises under this Agreement
between Indemnitee and the Corporation with respect to whether the Indemnitee is
entitled to indemnification for any Proceeding or for Expenses incurred, then
for each such dispute or controversy the Indemnitee may seek to enforce the
Agreement through legal action or, at Indemnitee's sole option and written
request, through arbitration. If the Indemnitee requests arbitration, the
dispute or controversy shall be submitted by the parties to binding arbitration
in Trumbull County, Ohio before a single arbitrator agreeable to both parties;
provided, however, that indemnification for any claim, issue, or matter in a
Proceeding brought against Indemnitee by or in the right of the Corporation and
as to which Indemnitee is adjudged liable for negligence or misconduct in the
performance of his duty to the Corporation shall be submitted to arbitration
only to the extent permitted under the Applicable Document and applicable law
then in effect. If the parties cannot agree on a designated arbitrator within 15
days after arbitration is requested in writing by the Indemnitee, the
arbitration shall proceed in Trumbull County, Ohio before an arbitrator
appointed by the American Arbitration Association. In either case, the
arbitration proceeding shall commence promptly under the rules then in effect of
that Association. And the arbitrator agreed to by the parties or appointed by
that Association shall be an attorney other than an attorney who has been or is
associated with a firm having associated with it an attorney who has been
retained by or performed services for the Corporation or Indemnitee at any time
during the five years preceding commencement of arbitration. The award shall be
rendered in such form that judgment may be entered thereon in any court having
jurisdiction thereof. The prevailing party shall be entitled to prompt
reimbursement of any costs and expenses (including, without limitation,
reasonable attorneys' fees) incurred in connection with such legal action or
arbitration; provided, however, that the Indemnitee shall not be required to
reimburse the Corporation unless the arbitrator or court resolving the dispute
determines that Indemnitee acted in bad faith in bringing the action or
arbitration.

<PAGE>

     9. EXCLUSIONS. Notwithstanding the scope of indemnification available to
Indemnitees from time to time under any Applicable Document, no indemnification,
reimbursement or payment shall be required of the Corporation hereunder with
respect to -

     (a)  Any claim or any part thereof as to which Indemnitee shall have been
          determined by a court of competent jurisdiction, from which no appeal
          is or can be taken, by clear and convincing evidence, to have acted
          with deliberate intent to cause injury to the Corporation or with
          reckless disregard for the best interests of the Corporation,

     (b)  Any claim or any part thereof arising out of acts or omissions for
          which applicable law prohibits elimination of liability,

     (c)  Any claim or any part thereof arising under Section 16(b) of the
          Securities Exchange Act of 1934 pursuant to which Indemnitee shall be
          obligated to pay any penalty, fine, settlement or judgment,

     (d)  Any obligation of Indemnitee based upon or attributable to the
          Indemnitee gaining in fact any improper personal benefit, gain,
          profit, or advantage, or

     (e)  Any proceeding initiated by Indemnitee without the consent or
          authorization of the Board of Directors of the Corporation, provided
          that this exclusion shall not apply with respect to any claims brought
          by Indemnitee (1) to enforce his rights under this Agreement or (2) in
          any Proceeding initiated by another person or entity whether or not
          such claims were brought by Indemnitee against a person or entity who
          was otherwise a party to such proceeding.

     Nothing in this Section 9 shall eliminate or diminish the Corporation's
obligations to advance that portion of Indemnitee's Expenses representing
attorneys' fees and other costs incurred in defending any proceeding pursuant to
Section 3 of this Agreement.

     Furthermore, anything herein to the contrary notwithstanding, nothing in
this Agreement requires indemnification, reimbursement or payment by the
Corporation, and the Indemnitee shall not be entitled to demand indemnification,
reimbursement or payment under this Agreement, if and to the extent
indemnification, reimbursement, or payment constitutes a "prohibited
indemnification payment" within the meaning of Federal Deposit Insurance
Corporation Rule 359.1(l)(1) [12 CFR 359.1(l)(1)].

     10. EXTRAORDINARY TRANSACTIONS. The Corporation covenants and agrees that
in the event of any merger, consolidation, or reorganization in which the
Corporation is not the surviving entity, any sale of all or substantially all of
the assets of the Corporation, or any liquidation of the Corporation (each such
event is hereinafter referred to as an "extraordinary transaction"), the
Corporation shall -

     (a)  Have the obligations of the Corporation under this Agreement expressly
          assumed by the survivor, purchaser, or successor, as the case may be,
          in such extraordinary transaction, or

     (b)  Otherwise adequately provide for the satisfaction of the Corporation's
          obligations under this Agreement, in a manner acceptable to
          Indemnitee.

     11. NO PERSONAL LIABILITY. Indemnitee agrees that neither the directors nor
any officer, employee, representative, or agent of the Corporation shall be
personally liable for the satisfaction of the Corporation's obligations under
this Agreement, and Indemnitee shall look solely to the assets of the
Corporation for satisfaction of any claims hereunder.

     12. SEVERABILITY. If any provision, phrase, or other portion of this
Agreement is determined by any court of competent jurisdiction to be invalid,
illegal, or unenforceable, in whole or in part, and such determination becomes
final, such provision, phrase, or other portion shall be deemed to be severed or
limited, but only to the extent required to render the remaining provisions and
portions of the Agreement enforceable, and the Agreement as thus amended shall
be enforced to give effect to the intention of the parties insofar as that is
possible.

<PAGE>

     13. SUBROGATION. If any payments are made under this Agreement, the
Corporation shall be subrogated to the extent thereof to all rights to
indemnification or reimbursement against any insurer or other entity or person
vested in the Indemnitee, who shall execute all instruments and take all other
actions as shall be reasonably necessary for the Corporation to enforce such
rights.

     14. GOVERNING LAW. The parties hereto agree that this Agreement shall be
construed and enforced in accordance with and governed by the laws of the State
of Ohio.

     15. NOTICES. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given if
delivered by hand or mailed, certified or registered mail, return receipt
requested, with postage prepaid, to the following addresses or to such other
address as either party may designate by like notice. If to the Corporation,
notice shall be given to the board of directors, Cortland Bancorp, 194 W. Main
Street, P.O. Box 98, Cortland, Ohio 44410-1466, or to such other or additional
person or persons as the Corporation shall have designated to the Indemnitee in
writing. If to the Indemnitee, notice shall be given to the Indemnitee at the
address of the Indemnitee appearing on the Corporation's records, or to such
other or additional person or persons as the Indemnitee shall have designated to
the Corporation in writing.

     16. TERMINATION. This Agreement may be terminated by either party upon not
less than 60 days' prior written notice delivered to the other party, but such
termination shall not diminish the obligations of the Corporation hereunder with
respect to Indemnitee's activities before the effective date of termination.

     17. AMENDMENTS AND BINDING EFFECT. This Agreement and the rights and duties
of Indemnitee and the Corporation hereunder may not be amended, modified, or
terminated except by written instrument signed and delivered by the parties
hereto. This Agreement is binding upon and shall inure to the benefit of the
parties hereto and their respective heirs, executors, administrators,
successors, and assigns.

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written.

                                        CORTLAND BANCORP

                                        By:
                                            ------------------------------------
                                        Its:
                                             -----------------------------------

                                        INDEMNITEE

<PAGE>

                                                                       EXHIBIT 1

                               FORM OF UNDERTAKING

     THIS UNDERTAKING has been entered into by _______________ ("Indemnitee")
pursuant to an Indemnification Agreement dated as of _______________________,
2005 (the "Indemnification Agreement"), by and between Cortland Bancorp, an Ohio
corporation (the "Corporation"), and Indemnitee.

                                    RECITALS:

     A. Under the Indemnification Agreement, the Corporation has agreed to pay
Expenses (within the meaning of the Indemnification Agreement) as and when
incurred by Indemnitee in connection with any claim against Indemnitee that is
the subject of any threatened, pending, or completed action, suit, or
proceeding, whether civil, criminal, or investigative, to which Indemnitee was,
is, or is threatened to be made a party by reason of facts that include
Indemnitee's being or having been a director, officer, or representative (within
the meaning of the Indemnification Agreement) of the Corporation,

     B. Such a claim has arisen against Indemnitee and Indemnitee has notified
the Corporation thereof in accordance with the terms of Section 5 of the
Indemnification Agreement (hereinafter the "Proceeding"), and

     C. Indemnitee believes that Indemnitee should prevail in the Proceeding,
and it is in the interest of both Indemnitee and the Corporation to defend
against the claims against Indemnitee thereunder.

     NOW, THEREFORE, Indemnitee hereby agrees that in consideration of the
Corporation's advance payment of Indemnitee's Expenses incurred before final
disposition of the Proceeding, Indemnitee hereby undertakes to reimburse the
Corporation for any and all expenses paid by the Corporation on behalf of
Indemnitee before final disposition of the Proceeding if the Indemnitee is
determined under the Applicable Document (within the meaning of the
Indemnification Agreement) to be required to repay such amounts to the
Corporation under the Indemnification Agreement and applicable law, provided
that if Indemnitee is entitled under the Applicable Document to indemnification
for some or a portion of such Expenses, Indemnitee's obligation to reimburse the
Corporation shall only be for those Expenses for which Indemnitee is determined
to be required to repay such amounts to the Corporation. Such reimbursement or
arrangements for reimbursement by Indemnitee shall be consummated within 90 days
after a determination that Indemnitee is required to repay such amounts to the
Corporation under the Indemnification Agreement and applicable law.

     Further, the Indemnitee agrees to reasonably cooperate with the Corporation
concerning such proceeding.

     IN WITNESS WHEREOF, the undersigned has set his hand this ______day of
______, 20_.

                                        ----------------------------------------
                                        Indemnitee

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