Document:

Form of Director Nonqualified Stock Option Agreement

 EXHIBIT 10.6 
 EXAR CORPORATION 
 2006 EQUITY INCENTIVE PLAN 
 DIRECTOR NONQUALIFIED STOCK OPTION AGREEMENT 
 THIS DIRECTOR NONQUALIFIED STOCK OPTION AGREEMENT (this “Option Agreement”) dated                      by and
between EXAR CORPORATION, a Delaware corporation (the “Corporation”), and
                                       
 (the “Director”) evidences the nonqualified stock option (the “Option”) granted by the Corporation to the Director as to the number of shares of the Corporation’s Common Stock first set forth below.

  

									
	Number of Shares of Common Stock:1	 		  	  
	  	Award Date:	  	  

					
	Exercise Price per Share:1	 	$	  	  
	  	Expiration Date:1,2	  	  

	
	Vesting1,2 The Option shall become vested
as to 33 1/3% of the total number of shares of Common Stock subject to the Option on each of the first, second and third anniversaries of the Award Date.

 The Option is granted under the Exar Corporation 2006 Equity Incentive Plan (the
“Plan”) and subject to the Terms and Conditions of Nonqualified Stock Option (the “Terms”) attached to this Option Agreement (incorporated herein by this reference) and to the Plan. The Option has been granted to
the Director in addition to, and not in lieu of, any other form of compensation otherwise payable or to be paid to the Director. Capitalized terms are defined in the Plan if not defined herein. The parties agree to the terms of the Option set forth
herein. The Director acknowledges receipt of a copy of the Terms, the Plan and the Prospectus for the Plan. 
  

					
	“DIRECTOR”	  		 	 EXAR CORPORATION
 a Delaware
corporation

			
	  
 Signature
	  		 	
		  	By:	 	  

	  
 Print Name
	  	Print Name:	 	  

			
		  	Title:	 	  

 CONSENT OF SPOUSE 
 In consideration of the Corporation’s execution of this Option Agreement, the undersigned spouse of the Director agrees to be bound by all of the
terms and provisions hereof and of the Plan. 
  

			
	  
 Signature of Spouse
	 	  
 Date

 TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTION 
 1. Vesting; Limits on Exercise; Incentive Stock Option Status. 
 The Option shall vest and become exercisable in percentage installments of the aggregate number of shares subject to the Option as set forth on the cover page of this Option Agreement. The Option may be exercised only
to the extent the Option is vested and exercisable. 
  

	 	•	 	Cumulative Exercisability. To the extent that the Option is vested and exercisable, the Director has the right to exercise the Option (to the extent not previously
exercised), and such right shall continue, until the expiration or earlier termination of the Option. 

  

	 	•	 	No Fractional Shares. Fractional share interests shall be disregarded, but may be cumulated. 

  

	 	•	 	Nonqualified Stock Option. The Option is a nonqualified stock option and is not, and shall not be, an incentive stock option within the meaning of Section 422 of the
Code. 

 2. Continuance of Service Required; No Service Commitment. 
 The vesting schedule requires continued service through each applicable vesting date as a condition to the vesting of the applicable installment of the
Option and the rights and benefits under this Option Agreement. Service for only a portion of the vesting period, even if a substantial portion, will not entitle the Director to any proportionate vesting or avoid or mitigate a termination of rights
and benefits upon or following a termination of services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued service commitment by the Corporation or interferes with
the right of the Corporation to increase or decrease the compensation of the Director from the rate in existence at any time. 
 3. Method of Exercise
of Option. 
 The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the
Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: 
  

	 	•	 	a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the
Administrator may require from time to time, 

  

	 	•	 	payment in full for the Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation, or (subject to compliance with all applicable
laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any non-cash payment) in shares of Common Stock already owned by the Director, valued at their Fair Market Value on the exercise
date; 

	 	•	 	any written statements or agreements required pursuant to Section 8.1 of the Plan; and 

  

	 	•	 	satisfaction of the tax withholding provisions of Section 8.5 of the Plan. 

 The Administrator also may, but is not required to, authorize a non-cash payment alternative by notice and third party payment in such manner as may be authorized by the Administrator, or, subject to such procedures as the Administrator may
adopt, authorize a “cashless exercise” with a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option. 
 4. Early Termination of Option. 
 4.1 Possible Termination of Option upon Change in
Control. The Option is subject to termination in connection with certain corporate transactions as provided in Section 7.2 of the Plan. 
 4.2 Termination of Option upon a Termination of Director’s Services. Subject to earlier termination on the Expiration Date of the Option or pursuant to Section 4.1 above, if the Director ceases to be a member of the Board,
the following rules shall apply (the last day that the Director is a member of the Board, except as otherwise provided below, is referred to as the Director’s “Severance Date”): 
  

	 	•	 	other than as expressly provided below in this Section 4.2, (a) the Director will have until the date that is 3 months after his or her Severance Date to exercise the
Option (or portion thereof) to the extent that it was vested on the Severance Date, (b) the Option, to the extent not vested on the Severance Date, shall terminate on the Severance Date, and (c) the Option, to the extent exercisable for
the 3-month period following the Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the 3-month period; 

  

	 	•	 	if the Director ceases to be a member of the Board due to the Director’s death or Total Disability, (a) the Director (or his beneficiary or personal representative, as the
case may be) will have until the date that is 12 months after the Director’s Severance Date to exercise the Option, (b) the Option, to the extent not vested on the Severance Date, shall terminate on the Severance Date, and (c) the
Option, to the extent exercisable for the 12-month period following the Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the 12-month period. 

 For purposes of the Option, “Total Disability” means a “permanent and total disability” (within the meaning of
Section 22(e)(3) of the Code or as otherwise determined by the Administrator). 
 In all events the Option is subject to earlier
termination on the Expiration Date of the Option or as contemplated by Section 4.1. A termination of services will not have occurred until the last day that the Director either or both (1) is employed by and/or (2) renders services to
the Corporation or a Subsidiary. Pursuant to Section 6.1 of the Plan, if the Director is not an 

 employee of the Corporation or a Subsidiary or a member of the Board, the Administrator shall be the sole judge of
whether the Director continues to render services for purposes of this Option Agreement. 
 5. Non-Transferability. 
 The Option and any other rights of the Director under this Option Agreement or the Plan are nontransferable and exercisable only by the Director, except
as set forth in Section 5.7 of the Plan. 
 6. Notices. 
 Any notice to be given under the terms of this Option Agreement shall be in writing and addressed to the Corporation at its principal office to the attention of the Secretary, and to the Director at the address last
reflected on the Corporation’s payroll records, or at such other address as either party may hereafter designate in writing to the other. Any such notice shall be delivered in person or shall be enclosed in a properly sealed envelope addressed
as aforesaid, registered or certified, and deposited (postage and registry or certification fee prepaid) in a post office or branch post office regularly maintained by the United States Government. Any such notice shall be given only when received,
but if the Director is no longer a member of the Board, shall be deemed to have been duly given five business days after the date mailed in accordance with the foregoing provisions of this Section 6. 
 7. Plan. 
 The Option and all rights of the
Director under this Option Agreement are subject to the terms and conditions of the Plan, incorporated herein by this reference. The Director agrees to be bound by the terms of the Plan and this Option Agreement (including these Terms). The Director
acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Option Agreement. Unless otherwise expressly provided in other sections of this Option Agreement, provisions of the Plan that confer discretionary authority
on the Board or the Administrator do not and shall not be deemed to create any rights in the Director unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by
appropriate action of the Board or the Administrator under the Plan after the date hereof. 
 8. Entire Agreement. 
 This Option Agreement (including these Terms) and the Plan together constitute the entire agreement and supersede all prior understandings and agreements,
written or oral, of the parties hereto with respect to the subject matter hereof. The Plan and this Option Agreement may be amended pursuant to Section 8.6 of the Plan. Such amendment must be in writing and signed by the Corporation. The
Corporation may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely affect the interests of the Director hereunder, but no such waiver shall operate as or be construed to be a subsequent waiver
of the same provision or a waiver of any other provision hereof. 

 9. Governing Law. 
 This Option Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to conflict of law principles thereunder. 
 10. Effect of this Agreement. 
 Subject to the
Corporation’s right to terminate the Option pursuant to Section 7.2 of the Plan, this Option Agreement shall be assumed by, be binding upon and inure to the benefit of any successor or successors to the Corporation. 
 11. Counterparts. 
 This Option Agreement may
be executed simultaneously in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
 12. Section Headings. 
 The section headings of this Option Agreement are for convenience of
reference only and shall not be deemed to alter or affect any provision hereof.Form of change in control and severance agreement

 Exhibit 10.5 
 FIRST PLACE BANK 
 CHANGE IN CONTROL SEVERANCE AGREEMENT 
 This Agreement is effective
                    , and is entered into between First Place Bank (the “Bank”), a federally chartered savings
association, 185 East Market Street, Warren,
Ohio 44481, and                                 
(“Executive”). This Agreement replaces the Change in Control Severance Agreement between Executive and First Place Bank with the effective date of July 5, 2004. 
 First Place Financial Corp. (the “Holding Company”) is the holding company for the Bank. By signing this Agreement, the Holding Company
agrees to guarantee the obligations of the Bank. 
 Whereas, the Bank wishes to provide the Executive with certain benefits in event of
termination of employment under conditions described below following a change in control of the Bank; and 
 Whereas, Executive has agreed to
continue to serve in the employ of the Bank; 
 The parties agree as follows: 
 1. Term of Agreement. 
 The initial Term of this Agreement shall continue from the above
effective date through June 30, 2008. The Term may be extended by the Board of Directors in one-year increments as set forth below. 
 2. Extension of Term. 
 Commencing on July 1, 2007, and continuing annually thereafter, the Board
of Directors of the Bank (the “Board”) will review this Agreement, the needs of the Bank, and the Executive’s performance. The Board may extend the Term of this Agreement for an additional year or may elect for any reason not to
extend the Term. The Board will include the extension or non-extension in the minutes of the Board’s meeting and will notify the Executive of any non-extension. 
 3. Change in Control followed by Termination of Employment. 
 Upon occurrence of a
Change in Control of the Bank or the Holding Company followed by termination of Executive’s employment within two years following the effective date of the Change in Control, the provisions of Section 5 below shall apply unless the
termination is because of death, disability, retirement, or Termination for Cause. Executive may elect to terminate the employment in the event that the Executive suffers any of the following within the two (2) years following the effective
date of the Change in Control: (i) any material demotion or reassignment of duties and responsibilities to duties and responsibilities not consistent with Executive’s experience, expertise, and position with the Bank prior to the Change in
Control; (ii) any material reduction or removal of title, office, responsibility, or authority; (iii) any material reduction in annual compensation or benefits; (iv) relocation of Executive’s principal office if the relocation
increases Executive’s one-way travel distance to the office by more than 50 miles. 
 4. Definitions. 
 (A) Change in Control. A “Change in Control” of the Bank or Holding Company shall mean an event of a nature that: (i) would
be required to be reported in response to Item 1 of the Current Report on Form 8-K, as in effect on the date hereof, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); or
(ii) results in a Change in Control of the Bank or the Holding Company within the meaning of the Home Owners’ Loan Act of 1933, as amended, the Federal Deposit Insurance Act, or rules and regulations of the Office of Thrift Supervision
(“OTS”) (or its predecessor agency), as in effect on the date of this Agreement (provided, that in applying the definition of change in control as set forth under the Rules and Regulations of the OTS, the Board shall substitute its
judgment for that of the OTS); or (iii) without limitation such a Change in Control shall be deemed to have occurred at such time as (a) any “person” (as the term is used in Sections 13(d) and 14(d) of the Exchange Act) is or
becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of voting securities of the Bank or the Holding Company representing 50% or more of the Bank’s or the Holding
Company’s outstanding voting securities or right to acquire such securities except for any voting securities of the Bank 

 purchased by the Holding Company and any voting securities purchased by any employee benefit plan of the Bank or the
Holding Company, or (b) individuals who constitute the Board on the date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the
date hereof whose election was approved by a vote of at least three-quarters of the Directors comprising the Incumbent Board, or whose nomination for election by the Holding Company’s stockholders was approved by a Nominating Committee solely
composed of members which are Incumbent Board members, shall be, for purposes of this clause (b), considered as though he were a member of the Incumbent Board, or (c) a plan of reorganization, merger, consolidation, sale of all or substantially
all the assets of the Bank or the Holding Company or similar transaction occurs or is effectuated in which the Bank or Holding Company is not the resulting entity. 
 (B) Termination for Cause. “Termination for Cause” shall mean termination because of Executive’s personal dishonesty, incompetence, willful misconduct, conduct damaging the reputation of
the Bank or the Holding Company, any 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, or material breach of any provision of this Agreement. Notwithstanding the foregoing, Executive shall not be deemed to have been Terminated for Cause unless and until there shall have been delivered to Executive a Notice of
Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to Executive and
an opportunity for Executive, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in
detail. Executive shall not have the right to receive compensation or other benefits for any period after the Date of Termination for Cause. During the period beginning on the date of the Notice of Termination for Cause pursuant to Section 6
hereof through the Date of Termination for Cause, stock options and related limited rights granted to Executive under any stock option plan shall not be exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of
the Bank, the Holding Company, or any subsidiary or affiliate thereof, vest. At the Date of Termination for Cause, such stock options and related limited rights and such unvested awards shall become null and void and shall not be exercisable by or
delivered to Executive at any time subsequent to such Date of Termination for Cause. 
 5. Termination Benefits. 
 (A) Sum Payable. Upon the occurrence of a Change in Control, followed by the termination of the Executive’s employment within two years
following the Change in Control due to (i) Executive’s election to terminate for reasons described in Section 3 above, or (ii) Executive’s dismissal by the Bank or the Holding Company, the Bank or the Holding Company shall
pay Executive, or in the event of his subsequent death, his beneficiary or beneficiaries, or his estate, as the case may be, a lump sum equal to two (2) times Executive’s average annual compensation for the five most recent
taxable years that Executive has been employed by the Bank or such lesser number of years in the event that Executive shall have been employed by the Bank for less than five years. Such average annual compensation shall include base salary,
commissions, bonuses, any other cash compensation, contributions or accruals on behalf of Executive to any pension and/or profit sharing plan, contributions to any incentive plan, severance payments, retirement payments, director or committee fees,
fringe benefits paid or to be paid to the Executive in any such year, and payment of any expense items without accountability or business purpose or that do not meet the Internal Revenue Service requirements for deductibility by the Bank.

 (B) Time of Payment. In the event of termination of the employment by the Bank or the Holding Company, the payment shall be
made not later than thirty (30) days following the Date of Termination. In the event of Executive’s election to terminate the employment for one or more of the reasons set forth in Section 3 above, the payment shall be made in lump
sum not sooner than six (6) months and not later than six (6) months and fifteen (15) days following the Date of Termination. 
 (C) Regulatory Capital Limitation. In the event that the Bank is not in compliance with its minimum capital requirements, or if payment pursuant to Section (A) above would cause the Bank’s capital to be reduced below
its minimum regulatory capital requirements, payment shall be deferred until the earliest date at which the Bank or its successor reasonably anticipates that payment will not cause a capital compliance violation. 
 (D) Life and Medical Insurance Coverage. Upon the occurrence of a Change in Control of the Bank or the Holding Company followed by
termination of Executive’s employment as described in Section 3 above within two years following the Change in Control, other than termination because of death, disability, retirement, or Termination for Cause, the Bank shall cause to be
continued for the Executive life and medical insurance coverage substantially equivalent to the coverage maintained by the Bank or Holding Company for Executive prior to his termination, except to the extent such coverage may be changed in its
application to all Bank or Holding Company employees on a nondiscriminatory basis. Such coverage and payments shall cease upon the expiration of twenty-four (24) full calendar months following the Date of Termination. 

 (E) Section 280G. Notwithstanding the preceding paragraphs of this Section 5, in
no event shall the aggregate payments or benefits to be made or afforded to Executive under said paragraphs (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 “Non-Triggering 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 said Section 280G. The allocation of the reduction required hereby among the Termination Benefits provided by the preceding paragraphs of this
Section 5 shall be determined by Executive. 
 (F) Section 409A. The parties intend that payments pursuant to this
Agreement either shall not constitute “deferred compensation” or shall otherwise qualify for exemption from excise and other tax penalties applicable under Section 409A of the Internal Revenue Code. If it is determined that any
payment(s) under this Agreement would be subject to excise or other tax penalty under Section 409A, the terms of this Agreement shall be amended so that such payments(s) will comply with the requirements of Section 409A and will not be
subject to excise or other tax penalty. 
 6. Notice of Termination. 
 (A) Form. Any purported termination by the Bank or by Executive in connection with a Change in Control shall be communicated by a written
“Notice of Termination” which shall include 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. 
 (B) Date of Termination. “Date of Termination” shall
mean the date specified in the Notice of Termination (which, in the instance of Termination for Cause, shall not be less than thirty (30) days from the date such Notice of Termination is given); provided, however, that if a dispute regarding
the Executive’s termination exists, the “Date of Termination” shall be determined in accordance with Section 6(C) of this Agreement. 
 (C) Dispute. If, within thirty (30) days after any Notice of Termination is given, the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the
termination, the Date of Termination shall be the date on which the dispute is finally determined, either by mutual written agreement of the parties, by a binding arbitration award, or by a final judgment, order or decree of a court of competent
jurisdiction (the time for appeal therefrom having expired and no appeal having been perfected) and provided further that the Date of Termination shall be extended by a notice of dispute only if such notice is given in good faith and the party
giving such notice pursues the resolution of such dispute with reasonable diligence. Notwithstanding the pendency of any such dispute in connection with a Change in Control, in the event that the Executive is terminated for reasons other than
Termination for Cause, the Bank will continue to pay Executive the payments and benefits due under this Agreement in effect when the notice giving rise to the dispute was given (including, but not limited to, his or her current annual salary) and
continue him or her as a participant in all compensation, benefit, and insurance plans in which he or she was participating when the notice of dispute was given, until the earlier of: (1) the resolution of the dispute in accordance with this
Agreement; or (2) the expiration of the remaining Term of this Agreement. Amounts paid under this Section 6(C) are in addition to all other amounts due under this Agreement and shall not be offset against or reduce any other amounts due
under this Agreement. 
 7. Source of Payments. 
 It is intended by the parties hereto that all payments provided in this Agreement shall be paid in cash or check from the general funds of the Bank. Further, the Holding Company guarantees such payment and provision
of all amounts and benefits due hereunder to Executive and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Holding Company. 
 8. Effect on Prior Agreements and Existing Benefit Plans. 
 This Agreement supersedes and cancels the prior Change in Control Agreement between the Bank and Executive. 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 him without reference to this Agreement. Nothing in this Agreement shall confer upon
Executive the right to continue in the employ of Bank or shall impose on the Bank any obligation to employ or retain Executive in its employ for any period. 

 9. No Attachment. 
 (A) 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 affect any such action shall be null, void, and of no effect. 
 (B) This Agreement shall be binding upon, and inure to the benefit of, Executive, the Bank, and their respective successors and assigns. 
 10. Modification and Waiver. 
 (A) This
Agreement may not be modified or amended except by an instrument in writing signed by all parties to this Agreement. 
 (B) 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. 
 11. Effect of Action Under Holding Company Agreement. 
 Notwithstanding any provision herein to the contrary, to the extent that payments and benefits are paid to or received by Executive under any Holding
Company Agreement between Executive and Holding Company, the amount of such payments and benefits paid by the Holding Company will be subtracted from any amount due simultaneously to Executive under similar provisions of this Agreement. 

12. Required Regulatory Provisions. 
 (A) The Board of Directors may terminate Executive’s employment at any time, but any termination by the Board of Directors, other than Termination for Cause, shall not prejudice Executive’s right to compensation or other benefits
under this Agreement. Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause as defined in Section 4 above. 
 (B) If Executive is suspended from office and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served
under Section 8 (e)(3) or 8 (g)(1) of the Federal Deposit Insurance Act (12 U.S.C. §1818(e)(3) or (g)(1)), the Bank’s obligations under this contract 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 Executive all or part of the compensation withheld while the contract obligations were suspended and (ii) reinstate (in whole or in part) any
of the obligations which were suspended. 
 (C) If Executive is removed and/or permanently prohibited from participating in the conduct of
the Bank’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. §1818(e)(4) or (g)(1)), all obligations of the Bank under this contract shall terminate as of the effective date of
the order, but vested rights of the contracting parties shall not be affected. 
 (D) If the Bank is in default as defined in
Section 3(x)(1) of the Federal Deposit Insurance Act, all obligations of the Bank under this contract shall terminate as of the date of default, but this paragraph shall not affect any vested rights of the contracting parties. 
 (E) All obligations under this contract shall be terminated, except to the extent determined that continuation of the contract is necessary for the
continued operation of the Bank: (i) by the Director of the Office of Thrift Supervision (or his or her designee) at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank
under the authority contained in Section 13(c) of the Federal Deposit Insurance Act; or (ii) by the 

 Director of the Office of Thrift Supervision (or his or her designee) at the time the Director (or his or her designee)
approves a supervisory merger to resolve problems related to operation of the Bank or when the Bank is determined by the Director 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. 
 (F) Any payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon
compliance with 12 U.S.C. §1828(k) and any rules and regulations promulgated thereunder. 
 13. Reinstatement of Benefits Under
Section 12(B).  
 In the event Executive is suspended and/or temporarily prohibited from participating in the conduct of the
Bank’s affairs by a notice described in Section 12(B) hereof (the “Notice”) during the term of this Agreement and a Change in Control, as defined herein, occurs, the Bank will assume its obligation to pay and Executive will be
entitled to receive all of the termination benefits provided for under Section 5 of this Agreement upon the Bank’s receipt of a dismissal of charges in the Notice. 
 14. 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. 
 15. 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. In addition, references to the masculine shall apply equally to the feminine. 
 16. Governing Law.

 The validity, interpretation, performance, and enforcement of this Agreement shall be governed by the laws of the State of Ohio, but
only to the extent not preempted by Federal law. 
 17. Arbitration. 
 Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, conducted before a panel of
three arbitrators sitting in a location selected by Executive within fifty (50) miles from the location of the Bank’s main office, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered
on the arbitrator’s award in any court having jurisdiction; provided, however, that Executive shall be entitled to seek specific performance of his right to be paid until the Date of Termination during the pendency of any dispute or controversy
arising under or in connection with this Agreement. 
 18. Payment of Costs and Legal Fees. 
 All reasonable costs and 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 Bank (which payments are guaranteed by the Holding Company pursuant to Section 7 hereof) if Executive is successful pursuant to a legal judgment, arbitration or settlement. 
 19. Indemnification. 
 (A) The Bank
shall provide Executive (including his heirs, executors and administrators) with coverage under a standard directors’ and officers’ liability insurance policy at its expense and shall indemnify Executive (and his heirs, executors and
administrators) to the fullest extent permitted under Federal law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having
been a director or officer of the Bank (whether or not he continues to be a director or officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and
attorneys’ fees and the cost of reasonable settlements. 

 (B) Any payments made to Executive pursuant to this Section are subject to and conditioned upon
compliance with 12 C.F.R. §545.121 and any rules or regulations promulgated thereunder. 
 20. Successor to the Bank. 

The Bank 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 Bank, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such
succession or assignment had taken place. 
  

							
	ATTEST:	 		 	FIRST PLACE BANK
			
	  
	 		 	  

		 		 	Steven R. Lewis,
		 		 	Chief Executive Officer
				
		 		 	Date:	 	  

			
	ATTEST:	 		 	FIRST PLACE FINANCIAL CORP.
			
		 	    (Guarantor)    	 	
			
	  
	 		 	  

		 		 	Steven R. Lewis,
		 		 	President and Chief Executive Officer
				
		 		 	Date:	 	  

			
	WITNESS:	 		 	EXECUTIVE
			
	  
	 		 	  

				
		 		 	Date:

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