Document:

Exhibit 10.4

                           CHANGE IN CONTROL AGREEMENT

         This  CHANGE  IN  CONTROL  AGREEMENT  (this  "Agreement"),  is made and
entered into as of the 1st day of July 2007, between Emclaire Financial Corp., a
Pennsylvania-chartered  bank holding  company (the  "Corporation"),  the Farmers
National  Bank of  Emlenton,  a national  banking  association  (the "Bank") and
Kathleen L. Buzzard (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Executive is currently employed as a Senior Vice President
of the  Corporation  and the Bank (the  Corporation and the Bank are referred to
together herein as the "Employers");

         WHEREAS,  the  Employers  desire  to  be  ensured  of  the  Executive's
continued active participation in the business of the Employers; and

         WHEREAS,  in order to induce the  Executive  to remain in the employ of
the Employers and in consideration of the Executive's  agreeing to remain in the
employ of the Employers,  the parties  desire to specify the severance  benefits
which  shall be due the  Executive  in the event  that his  employment  with the
Employers is terminated under specified circumstances;

         NOW  THEREFORE,  in  consideration  of  the  premises  and  the  mutual
agreements herein contained, the parties hereby agree as follows:

         1.  Definitions.  The following words and terms shall have the meanings
set forth below for the purposes of this Agreement:

         (a) Annual  Compensation.  The Executive's  "Annual  Compensation"  for
purposes  of this  Agreement  shall  be  deemed  to mean  the  highest  level of
compensation  paid to the Executive by the Employers or any  subsidiary  thereof
and  included in the  Executive's  gross  income for tax purposes and any income
earned and deferred by the Executive  pursuant to any plan or arrangement of the
Employers  during  the  calendar  year in which the Date of  Termination  occurs
(determined  on an  annualized  basis)  or  either  of the  two  calendar  years
immediately preceding the calendar year in which the Date of Termination occurs.

         (b) Cause.  Termination by the Employers of the Executive's  employment
for "Cause" shall mean termination because of personal dishonesty, incompetence,
willful  misconduct,   breach  of  fiduciary  duty  involving  personal  profit,
intentional failure to perform stated duties, willful violation of any law, rule
or  regulation  (other than  traffic  violations  or similar  offenses) or final
cease-and-desist order. For purposes of this paragraph, no act or failure to act
on the Executive's part shall be considered "willful" unless done, or omitted to
be done, by the Executive not in good faith and without  reasonable  belief that
the Executive's action or omission was in the best interest of the Employers.

                                       1
<PAGE>

         (c) Change in Control.  "Change in Control"  shall mean a change in the
ownership of the  Corporation or the Bank, a change in the effective  control of
the  Corporation  or the  Bank or a change  in the  ownership  of a  substantial
portion of the assets of the  Corporation  or the Bank, in each case as provided
under Section 409A of the Code and the regulations thereunder.

         (d)  Code.  Code  shall  mean the  Internal  Revenue  Code of 1986,  as
amended.

         (e) Date of Termination.  "Date of  Termination"  shall mean (i) if the
Executive's  employment is terminated for Cause, the date on which the Notice of
Termination is given,  and (ii) if the Executive's  employment is terminated for
any other reason, the date specified in such Notice of Termination.

         (f) Disability.  "Disability" shall mean the Executive (i) is unable to
engage  in  any  substantial   gainful  activity  by  reason  of  any  medically
determinable  physical or mental  impairment  which can be expected to result in
death or can be  expected  to last for a  continuous  period of not less than 12
months, or (ii) is, by reason of any medically  determinable  physical or mental
impairment  which can be  expected to result in death or can be expected to last
for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than three months under an accident and health
plan covering employees of the Employers.

         (g)  Good  Reason.  Termination  by the  Executive  of the  Executive's
employment for "Good Reason" shall mean termination by the Executive following a
Change of Control based on:

                           (i) any  material  breach  of this  Agreement  by the
                  Employers,  including without limitation any of the following:
                  (A)  a   material   diminution   in   the   Executive's   base
                  compensation,  (B) a material  diminution  in the  Executive's
                  authority,  duties  or  responsibilities,  or  (C) a  material
                  diminution in the authority, duties or responsibilities of the
                  officer to whom the Executive is required to report, or

                           (ii) any material  change in the geographic  location
                  at which the  Executive  must perform his services  under this
                  Agreement,  including  a  material  change in the  Executive's
                  principal  place  of  employment  or  the  imposition  of  any
                  requirement  that the  Executive  spend more than  ninety (90)
                  business days per year at a location other than such principal
                  place of employment;

                  provided, however, that prior to any termination of employment
                  for Good Reason,  the  Executive  must first  provide  written
                  notice  to the  Corporation  within  ninety  (90)  days of the
                  initial  existence of the condition,  describing the existence
                  of such condition,  and the Corporation  shall thereafter have
                  the right to remedy the  condition  within thirty (30) days of
                  the date the Corporation  received the written notice from the
                  Executive.  If the Corporation  remedies the condition  within
                  such thirty  (30) cure  period,  then no Good Reason  shall be
                  deemed to exist with respect to such condition.

                                       2
<PAGE>

         (h) IRS. IRS shall mean the Internal Revenue Service.

         (i) Notice of Termination. Any purported termination of the Executive's
employment  by the  Employers  for Cause,  Disability  or  Retirement  or by the
Executive  for  Good  Reason  shall  be   communicated  by  written  "Notice  of
Termination"  to the other  party  hereto.  For  purposes of this  Agreement,  a
"Notice of  Termination"  shall mean a notice which (i)  indicates  the specific
termination  provision  in this  Agreement  relied  upon,  (ii)  sets  forth  in
reasonable  detail  the facts and  circumstances  claimed to provide a basis for
termination  of the  Executive's  employment  under the  provision so indicated,
(iii) specifies a Date of Termination,  which shall be not less than thirty (30)
nor more than ninety (90) days after such Notice of Termination is given, except
in the case of the  Employers'  termination  of the  Executive's  employment for
Cause,  which shall be  effective  immediately,  and (iv) is given in the manner
specified in Section 7 hereof.

         (j) Retirement.  "Retirement"  shall mean voluntary  termination by the
Executive upon reaching age 65.

         2.  Term of  Agreement.  The  term of this  Agreement  shall be for two
years, commencing as of July 1, 2007 (the "Start Date"). Commencing on the first
anniversary of the Start Date,  the term of this  Agreement  shall extend for an
additional  year on each annual  anniversary of the Start Date of this Agreement
until such time as the Boards of  Directors of the  Employers  or the  Executive
give  notice in  accordance  with the terms of  Section 8 hereof of their or his
election,  respectively,  not to extend the term of this Agreement. Such written
notice of the  election  not to extend  must be given not less than  thirty (30)
days prior to any such  anniversary  date. If any party gives timely notice that
the term will not be  extended  as of any  annual  anniversary  date,  then this
Agreement shall terminate at the conclusion of its remaining term. The Boards of
Directors  of the  Employers  will review  this  Agreement  and the  Executive's
performance  annually  for  purposes  of  determining  whether  to  extend  this
Agreement.  References  herein to the term of this Agreement shall refer both to
the initial term and successive terms.

         3.  Benefits Upon  Termination.  If the  Executive's  employment by the
Employers  shall be terminated  within  twenty four (24) months  subsequent to a
Change  in  Control  by (i) the  Employers  other  than for  Cause,  Disability,
Retirement or as a result of the  Executive's  death,  or (ii) the Executive for
Good Reason,  then the Employers  shall,  subject to the provisions of Section 3
hereof, if applicable:

         (a) pay to the Executive,  in a lump sum as of the Date of Termination,
a cash amount equal to two (2) times the Executive's Annual Compensation; and

         (b)  maintain  and  provide  for a period  ending at the earlier of (i)
twenty-four  (24) months after the Date of  Termination  or (ii) the date of the
Executive's   full-time  employment  by  another  employer  (provided  that  the
Executive  is  entitled   under  the  terms  of  such   employment  to  benefits
substantially  similar to those described in this subparagraph  (b)), at no cost
to  the  Executive,   the  Executive's  continued  participation  in  all  group

                                       3
<PAGE>

insurance,  life insurance,  health and accident,  disability and other employee
benefit plans,  programs and arrangements in which the Executive was entitled to
participate  immediately prior to the Date of Termination (other than retirement
plans or stock compensation plans of the Employers),  provided that in the event
that the  Executive's  participation  in any plan,  program  or  arrangement  as
provided  in this  subparagraph  (b) is barred,  or during  such period any such
plan,  program or arrangement  is  discontinued  or the benefits  thereunder are
materially  reduced,  the Employers  shall arrange to provide the Executive with
benefits  substantially  similar to those which the  Executive  was  entitled to
receive under such plans,  programs and  arrangements  immediately  prior to the
Date of  Termination.  If the  provision of any of the benefits  covered by this
Section 3(b) would trigger the 20% tax and interest penalties under Section 409A
of the Code either due to the nature of such benefit or the length of time it is
being  provided,  then the  benefit(s)  that would trigger such tax and interest
penalties due to the nature of such benefit shall not be provided at all and the
benefit(s) that would trigger the tax and interest  penalties if provided beyond
the "limited  period of time" set forth in the  regulations  under  Section 409A
shall not be provided  beyond such  limited  period of time  (collectively,  the
"Excluded  Benefits"),  and in lieu of the Excluded Benefits the Employers shall
pay to the  Executive,  in a lump sum within 30 days  following  termination  of
employment  or within 30 days after  such  determination  should it occur  after
termination of  employment,  a cash amount equal to the cost to the Employers of
providing the Excluded Benefits.

         4. Limitation of Benefits under Certain Circumstances.  If the payments
and benefits  pursuant to Section 3 hereof,  either alone or together with other
payments  and  benefits  which the  Executive  has the right to receive from the
Employers would constitute a "parachute payment" under Section 280G of the Code,
then the payments and benefits  pursuant to Section 3 hereof shall be reduced by
the  minimum  amount  necessary  to result in no  portion  of the  payments  and
benefits  under  Section  3 being  non-deductible  to  either  of the  Employers
pursuant to Section 280G of the Code and subject to the excise tax imposed under
Section  4999 of the Code.  If the payments  and  benefits  under  Section 3 are
required to be reduced, the cash severance shall be reduced first, followed by a
reduction in the fringe  benefits.  The  determination  of any  reduction in the
payments and  benefits to be made  pursuant to Section 3 shall be based upon the
opinion of independent tax counsel selected by the Employers and paid for by the
Employers.  Such counsel shall promptly prepare the foregoing opinion, but in no
event later than thirty (30) days from the Date of Termination, and may use such
actuaries as such counsel deems necessary or advisable for the purpose.  Nothing
contained  herein  shall  result in a reduction  of any  payments or benefits to
which the Executive may be entitled upon  termination  of employment  other than
pursuant  to Section 3 hereof,  or a  reduction  in the  payments  and  benefits
specified in Section 3 below zero.

                                       4
<PAGE>

         5. Mitigation; Exclusivity of Benefits.

         (a) The  Executive  shall not be required to mitigate the amount of any
benefits  hereunder by seeking  other  employment  or  otherwise,  nor shall the
amount  of any such  benefits  be  reduced  by any  compensation  earned  by the
Executive  as a result  of  employment  by  another  employer  after the Date of
Termination or otherwise, except as set forth in Section 3(b) above.

         (b) The  specific  arrangements  referred to herein are not intended to
exclude  any other  benefits  which may be  available  to the  Executive  upon a
termination of employment with the Employers  pursuant to employee benefit plans
of the Employers or otherwise.

         6.  Withholding.  All  payments  required  to be made by the  Employers
hereunder to the Executive  shall be subject to the withholding of such amounts,
if any,  relating  to tax and other  payroll  deductions  as the  Employers  may
reasonably  determine  should be  withheld  pursuant  to any  applicable  law or
regulation.

         7.  Assignability.  The Employers  may assign this  Agreement and their
rights hereunder in whole,  but not in part, to any  corporation,  bank or other
entity with or into which the Employers may hereafter merge or consolidate or to
which the Employers may transfer all or  substantially  all of their  respective
assets,  if in any such case said  corporation,  bank or other  entity  shall by
operation of law or expressly in writing assume all obligations of the Employers
hereunder as fully as if it had been originally made a party hereto, but may not
otherwise assign this Agreement or their rights hereunder. The Executive may not
assign or transfer this Agreement or any rights or obligations hereunder.

         8. Notice.  For the purposes of this  Agreement,  notices and all other
communications  provided for in this Agreement  shall be in writing and shall be
deemed  to have been duly  given  when  delivered  or  mailed  by  certified  or
registered mail,  return receipt  requested,  postage prepaid,  addressed to the
respective addresses set forth below:

         To the Bank:               Secretary
                                    Farmers National Bank of Emlenton
                                    612 Main Street
                                    Emlenton, Pennsylvania 16373

         To the Corporation:        Secretary
                                    Emclaire Financial Corp.
                                    612 Main Street
                                    Emlenton, Pennsylvania 16373

         To the Executive:          Kathleen L. Buzzard

                                    At the address last appearing on the
                                    personnel records of the Employers

                                       5
<PAGE>

          9. Amendment; Waiver. No provisions of this Agreement may be modified,
waived or discharged unless such waiver,  modification or discharge is agreed to
in  writing  signed by the  Executive  and such  officer or  officers  as may be
specifically  designated  by the Boards of Directors of the Employers to sign on
their  behalf.  No waiver by any party  hereto at any time of any  breach by any
other party hereto of, or  compliance  with,  any condition or provision of this
Agreement  to be  performed  by such  other  party  shall be  deemed a waiver of
similar or  dissimilar  provisions  or conditions at the same or at any prior or
subsequent time. In addition,  notwithstanding anything in this Agreement to the
contrary,  the  Employers  may amend in good faith any terms of this  Agreement,
including retroactively, in order to comply with Section 409A of the Code.

         10.  Governing  Law. The  validity,  interpretation,  construction  and
performance of this Agreement shall be governed by the laws of the United States
where  applicable and otherwise by the substantive  laws of the  Commonwealth of
Pennsylvania.

         11. Nature of Employment and Obligations.

         (a) Nothing  contained  herein  shall be deemed to create  other than a
terminable  at  will  employment  relationship  between  the  Employers  and the
Executive,  and the Employers may  terminate the  Executive's  employment at any
time,  subject to providing any payments specified herein in accordance with the
terms hereof.

         (b) Nothing  contained  herein shall create or require the Employers to
create a trust of any kind to fund any benefits which may be payable  hereunder,
and to the extent that the Executive  acquires a right to receive  benefits from
the  Employers  hereunder,  such right shall be no greater than the right of any
unsecured general creditor of the Employers.

         12. Headings.  The section headings contained in this Agreement are for
reference  purposes  only  and  shall  not  affect  in any  way the  meaning  or
interpretation of this Agreement.

         13. Validity.  The invalidity or  unenforceability  of any provision of
this  Agreement  shall not affect the  validity or  enforceability  of any other
provision of this Agreement, which shall remain in full force and effect.

         14.  Counterparts.  This  Agreement  may be  executed  in  one or  more
counterparts,  each of which shall be deemed to be an original  but all of which
together will constitute one and the same instrument.

         15. Regulatory Actions. The following provisions shall be applicable to
the parties or any successor thereto, and shall be controlling in the event of a
conflict  with  any  other  provision  of  this  Agreement,   including  without
limitation Section 3 hereof.

         (a) If the  Executive  is  suspended  from  office  and/or  temporarily
prohibited from  participating  in the conduct of the Bank's affairs pursuant to
notice served under Section  8(e)(3) or Section  8(g)(1) of the Federal  Deposit
Insurance Act ("FDIA")(12 U.S.C. Sections 1818(e)(3) and 1818(g)(1)), the Bank's

                                       6
<PAGE>

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 Bank may, in its discretion: (i) pay the Executive all or part of
the  compensation  withheld  while its  obligations  under this  Agreement  were
suspended, and (ii) reinstate (in whole or in part) any of its obligations which
were suspended.

         (b)  If  the  Executive  is  removed  from  office  and/or  permanently
prohibited from  participating  in the conduct of the Bank's affairs by an order
issued  under  Section  8(e)(4)  or  Section  8(g)(1)  of the  FDIA  (12  U.S.C.
Sections 1818(e)(4)  and (g)(1)),  all obligations of the Bank under this
Agreement shall terminate as of the effective date of the order,  but vested
rights of the Executive and the Bank as of the date of termination shall not be
affected.

         (c) If the Bank is in  default,  as defined  in Section  3(x)(1) of the
FDIA (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement  shall
terminate as of the date of default,  but vested rights of the Executive and the
Bank as of the date of termination shall not be affected.

         16. Regulatory Prohibition. Notwithstanding any other provision of this
Agreement to the contrary,  any payments made to the Executive  pursuant to this
Agreement,  or otherwise,  are subject to and conditioned  upon their compliance
with Section 18(k) of the FDIA (12 U.S.C. Section 1828(k)) and 12 C.F.R. Part
359.

         17. Payment of Costs and Legal Fees and  Reinstatement of Benefits.  In
the event any dispute or  controversy  arising under or in  connection  with the
Executive's  termination  is  resolved  in favor of the  Executive,  whether  by
judgment,  arbitration  or  settlement,  the Executive  shall be entitled to the
payment  of (a) all legal fees  incurred  by the  Executive  in  resolving  such
dispute or controversy, and (b) any back-pay, including Base Salary, bonuses and
any other cash  compensation,  fringe benefits and any compensation and benefits
due to the Executive under this Agreement.

         18. Arbitration. Any controversy or claim arising out of or relating to
this  Agreement,  or the breach  thereof,  shall be settled  by  arbitration  in
accordance  with the rules then in effect of the district office of the American
Arbitration  Association  ("AAA")  nearest to the home  office of the Bank,  and
judgment upon the award rendered may be entered in any court having jurisdiction
thereof,  except to the extent  that the parties  may  otherwise  reach a mutual
settlement  of such issue.  The  Employers  shall incur the cost of all fees and
expenses  associated with filing a request for arbitration with the AAA, whether
such filing is made on behalf of the Employers or the  Executive,  and the costs
and  administrative  fees  associated  with employing the arbitrator and related
administrative expenses assessed by the AAA.

         19. Entire  Agreement.  This  Agreement  embodies the entire  agreement
between the Employers and the  Executive  with respect to the matters  agreed to
herein.  All prior  agreements  between the  Employers  and the  Executive  with
respect to the matters agreed to herein,  including without limitation any prior
change in control agreement between the Employers and the Executive,  are hereby
superseded and shall have no force or effect.

                                       7
<PAGE>

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

Attest:                                EMCLAIRE FINANCIAL CORP.

                                       By:      /s/ David L. Cox
----------------------------------              --------------------------------
                                                David L. Cox
                                                Chairman of the Board, President
                                                and Chief Executive Officer

                                       FARMERS NATIONAL BANK
                                        OF EMLENTON

                                       By:      /s/ David L. Cox
                                                --------------------------------
                                                Chairman of the Board

                                       EXECUTIVE

                                       By:      /s/Kathleen L. Buzzard
                                                --------------------------------
                                                Kathleen L. Buzzard

                                       8EXHIBIT 10.1

[date]

[Participant Name]
[Address]
[City, State  Zip]

Re:     1997 Long-Term Incentive Plan Performance Award -
        Targets for 3-Year Period Ending May 2010

Dear Participant:

The Compensation Committee of the Board of Directors of Worthington  Industries,
Inc. (the "Company") has granted to you a Performance  Award under the Company's
1997 Long-Term  Incentive Plan (the "Plan") on the terms  described  below.  The
Performance  Award is designed to provide  incentive  payouts to certain  senior
managers based on the attainment of stated financial  performance targets over a
three-year period.

In an  effort  to  focus on both the  quantity  and  quality  of  earnings,  the
Performance  Award  incorporates both an earnings per share ("EPS") and economic
value added ("EVA") component.  EPS targets are for corporate EPS for the fiscal
year  ending  2010.  EVA  targets  are for  cumulative  corporate  EVA  over the
three-year  period  ending May 31, 2010.  For  corporate  officers,  half of the
possible  Performance  Award is  allocated to the EPS target and half to the EVA
target.  For business unit  executives,  the  Performance  Award is structured a
little differently;  half of the possible  Performance Award is allocated to the
same  corporate  EPS and EVA  targets  as the  corporate  officers  and  half is
allocated to business unit operating income targets.

Your target Performance Awards for the three-year  performance period ending May
31, 2010 are: (a) a Cash Award of $______ and (b) a  Performance  Share Award of
__________ common shares of Worthington Industries,  Inc. ("Company Stock"). The
specific  performance  targets, and the related Cash Award and Performance Share
Award, are set forth below:

                                                          Performance
EPS Targets             2010 Corporate EPS   Cash Award   Share Award
-----------             ------------------   ----------   -----------

        Threshold          $________         $________    _____ shares
        Target             $________         $________    _____ shares
        Maximum            $________         $________    _____ shares

                        Cum 3 Year Corporate
EVA Targets               EVA Ending 2010
-----------             --------------------

        Threshold          $____ million     $________    _____ shares
        Target             $____ million     $________    _____ shares
        Maximum            $____ million     $________    _____ shares

<PAGE>
Performance  falling between threshold and maximum will be pro rated on a linear
basis.

No  payments  will be made if  performance  falls below  threshold.  Each of the
performance measures is free standing so that you will be able to earn a pay-out
based upon the  achievement  of one measure,  even if the threshold  performance
level is not achieved in the other measure.

Calculation of the Company  results and attainment of performance  measures will
be made solely by the  Compensation  Committee based upon the Company's  audited
consolidated  financial statements.  The Compensation Committee has the right to
make changes and  adjustments in calculating  the  performance  measures to take
into account unusual or non-recurring  events,  including,  without  limitation,
changes in tax and accounting  rules and  regulations;  extraordinary  gains and
losses;  mergers and acquisitions and purchases or sales of substantial  assets;
provided  that,  if  Section  162(m)  of the  Internal  Revenue  Code  would  be
applicable to the pay-out of the Performance  Awards hereunder,  any such change
or adjustment must be permissible under Section 162(m).

The determination of the attainment of performance  objectives and the amount of
the Performance  Awards payable will generally be finalized  within a reasonable
time after the applicable  consolidated  financial statements of the Company has
been  completed.  Payments  will then be made  within a  reasonable  time  after
finalization by the Committee, unless there is a need for a delay.

Unless the Committee  elects a different  form of pay-out,  payments of the Cash
Award will be made in cash.  Payment of the Performance Share Award will be made
in Company Stock. The Committee may adopt provisions  permitting the deferral of
a portion or all of the pay-out into a Deferred Compensation Plan, provided that
a timely  deferral  election is made. The Company may require payment of, or may
withhold from payments,  amounts  necessary to meet any federal,  state or local
tax withholding requirements.

In general, termination of employment terminates Performance Awards. Termination
of employment  for reasons of death,  disability or retirement  will result in a
pro  rata  pay-out  for  performance  periods  ending  within  24  months  after
termination based on the number of months of employment  completed by you during
the performance period before the effective date of termination. No pay-out will
be made for  performance  periods ending more than 24 months after  termination.
Termination of employment for any other reason, voluntary or involuntary,  prior
to the Committee's determination of the attainment of performance objectives and
finalization  of the  Performance  Award amount will result in the forfeiture of
all Performance Awards from the Plan.

The  provisions of the Plan are  incorporated  herein by reference and a copy is
available at your request.

If you have any questions about your Performance  Awards,  please direct them to
me.

Very truly yours,

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]