Document:

Indemnifcation Agmts with Directors and Exec. Officers

    SCHEDULE
      TO EXHIBIT 10.21

    

    

    Indemnification
      Agreements with Directors and Executive Officers

    

    

    
      	 	
              Name

            	
              Date
                of Agreement

            
	
              Directors:

            	 	 
	 	
              John
                R. Alm

            	
              February
                28, 2006

            
	 	
              David
                H. Batchelder

            	
              January
                25, 2002

            
	 	
              Michael
                R. D’Appolonia

            	
              March
                25, 2002

            
	 	
              C.
                Scott Greer

            	
              March
                25, 2002

            
	 	
              Gail
                E. Hamilton

            	
              August
                16, 2005

            
	 	
              Stephen
                G. Hanks

            	
              January
                25, 2002

            
	 	
              William
                H. Mallender

            	
              March
                25, 2002

            
	 	
              Michael
                P. Monaco

            	
              March
                25, 2002

            
	 	
              Cordell
                Reed

            	
              March
                25, 2002

            
	 	
              Dennis
                R. Washington

            	
              January
                25, 2002

            
	 	
              Dennis
                K. Williams

            	
              March
                25, 2002

            
	
              Officers:

            	 	 
	 	
              Stephen
                M. Johnson

            	
              January
                25, 2002

            
	 	
              George
                H. Juetten

            	
              January
                25, 2002

            
	 	
              Jerry
                K. Lemon

            	
              October
                13, 2003

            
	 	
              Larry
                L. Myers

            	
              January
                25, 2002

            
	 	
              Richard
                D. Parry

            	
              January
                25, 2002

            
	 	
              Cynthia
                M. Stinger

            	
              January
                25, 2002

            
	 	
              Craig
                G. Taylor

            	
              January
                25, 2002

            
	 	
              Earl
                L. Ward

            	
              August
                14, 2002

            
	 	
              Thomas
                H. Zarges

            	
              January
                25, 2002Washington Group Agreement with Named Execs.

    SCHEDULE
      TO EXHIBIT 10.23.1

    

    

    

    

    WASHINGTON
      GROUP RETENTION AGREEMENTS

    WITH
      NAMED EXECUTIVES

    

    

    EACH
      DATED AS OF MARCH 14, 2001

    

    George
      H.
      Juetten

    Thomas
      H.
      Zarges

    

    

    

    

    DATED
      AS OF NOVEMBER 16, 2001 

    

    Stephen
      M. Johnson

    

    NOTE:
      Mr.
      Johnson’s Retention Agreement is identical in all materials terms to those
      entered into with Messrs Juetten and Zarges, with the exception that his
      Retention Bonus is prorated to allow for the time during early 2001 when he
      was
      not in the Company’s employ. Mr. Johnson returned to the employ of the Company
      on November 12, 2001.Amendments to WGI Retention Agmts with Named Execs

    SCHEDULE
      TO EXHIBIT 10.23.2

    

    

    

    

    AMENDMENTS
      TO WGI RETENTION AGREEMENTS

    WITH
      NAMED EXECUTIVES

    

    

    

    

    EACH
      DATED AS OF AUGUST 20, 2002 

    

    Stephen
      M. Johnson

    George
      H.
      Juetten

    Thomas
      H.
      Zarges

    

    

    NOTE:
      The
      Amendment to Mr. Johnson’s Retention Agreement is identical in all materials
      terms to those entered into with Messrs Juetten and Zarges, with the exception
      that his Retention Bonus is prorated to allow for the time during early 2001
      when he was not in the Company’s employ. Mr. Johnson returned to the employ of
      the Company on November 12, 2001.Severance Agreement with Officers

    SCHEDULE
      TO EXHIBIT 10.35

    

    

    Severance
      Agreements with Officers 

    

    

    

    
      	 	
              Name

            	
              Date
                of Agreement

            
	 	 	 
	 	
              Stephen
                M. Johnson

            	
              September
                8, 2006

            
	 	
              George
                H. Juetten

            	
              September
                8, 2006

            
	 	
              Jerry
                K. Lemon

            	
              September
                8, 2006

            
	 	
              Larry
                L. Myers

            	
              September
                8, 2006

            
	 	
              Richard
                D. Parry

            	
              September
                8, 2006

            
	 	
              Cynthia
                M. Stinger

            	
              September
                8, 2006

            
	 	
              Craig
                G. Taylor

            	
              September
                8, 2006

            
	 	
              Earl
                L. Ward

            	
              September
                8, 2006

            
	 	
              Thomas
                H. Zarges

            	
              September
                8, 2006PSB Exhibit 10.1  (00129023.DOC;1)

Exhibit 10.1

Amendment No. 2

to

Employment Agreement of Scott M. Cattanach 

This agreement is entered into as of this 22nd day of February, 2007 and constitutes an amendment (“Amendment No. 2”) to that certain employment agreement dated April 10, 2003, and as first amended on April 13, 2005 (as so amended, the “Agreement”) by and between Peoples State Bank, Wausau, Wisconsin, a Wisconsin banking corporation (the “Bank”), and Scott M. Cattanach, of Wausau, Wisconsin (“Mr. Cattanach”).

WHEREAS, this Amendment No. 2 constitutes a notice that no further extensions of the term of the Agreement shall be made under the terms of the Agreement as now in effect; and

WHEREAS, the Bank and Mr. Cattanach wish to amend the Agreement in order to adjust the term of the Agreement; and

The parties agree as follows:

1.

Defined Terms.  Each term, when used in this Amendment No. 2, shall have the same meaning as such term in the Agreement.

2.

Term.  Paragraph 2 of the Agreement shall be amended to read as follows:

2.

Term.  The term of this agreement shall commence on the Commencement Date and shall end at midnight on the Expiration Date.  For purposes of this agreement, the term “Expiration Date” shall mean the first to occur of (a) the date of Mr. Cattanach’s death, or (b) the later of (1) July 1, 2009, and (2) the date to which the term of this agreement has most recently been extended pursuant to the following sentence.  On July 1, 2009, and each subsequent July 1, the term of this agreement shall automatically be extended for one calendar year; provided, however, that automatic extensions of the term of this agreement (and, consequently, the Expiration Date) pursuant to this sentence shall cease on the first to occur of (x) either the Bank or Mr. Cattanach giving to the other, not less than 90 days prior to the Expiration Date of the original or any extended term, a written notice that no, or no further, as the case may be, automatic extensions of the term of this agreement shall thereafter occur, but the giving of such a notice shall not affect any previous extensions, or (y) Mr. Cattanach’s 66th birthday.  The term “Term of Employment” shall mean the period beginning on the Commencement Date and ending on the earlier of the Expiration Date or the date on which Mr. Cattanach’s employment is terminated pursuant to paragraphs 5 or 8; provided, however, that for purposes of Mr. Cattanach’s entitlement to any severance benefit pursuant to such paragraphs, Mr. Cattanach shall be deemed to have incurred a termination of employment with the Bank only on such date on which his employment has been terminated by the Bank, each other 

-1-

member of the controlled group of corporations of which the Bank is a member, and each other entity under common control with the Bank, and has thereby incurred a separation from service within the meaning of Code Section 409A(a)(2)(A) (a “Separation from Service”).

3.

Change of Control Severance Benefit.  Paragraph 8(d)(i)(B) of the Agreement shall be amended to read as follows: 

(B) the amount equal to 300% of Mr. Cattanach’s annual salary as most recently in effect pursuant to paragraph 4(a);

4.

Ratification of Employment Agreement.  Except as otherwise provided in paragraphs 2 and 3 of this Amendment No. 2, all terms of the Agreement are hereby ratified and confirmed and remain in full force and effect.

IN WITNESS WHEREOF, the Bank and Mr. Cattanach have caused this instrument to be executed as of the date first written above.

PEOPLES STATE BANK

By:  PATRICK L. CROOKS

Patrick L. Crooks

As its Chairman of the Board

SCOTT M. CATTANACH

Scott M. Cattanach

-2-c46971_ex10-6b.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

EXHIBIT 10.6(b) 

  
Description of Special Retention Bonuses to 2006 Named Executive Officers 

Special Retention Bonuses 

The Committee has approved the following retention bonuses to two of the 2006 Named Executive Officers: Marlin L. Mosby, III, $51,000; and, Peter F. Makowiecki, $68,250. In each case the retention bonus amount was 15% of the
person’s 2006 salary. Retention bonuses are to be paid in the next payroll cycle following the Committee’s February 2007 meeting, but are subject to forfeiture and repayment if the recipient leaves the registrant’s employ within
twelve months following payment of the bonus (other than for death, disability, or approved retirement). Retention bonuses do not count as “annual bonuses” for purposes of calculating benefits that relate to annual bonus amounts, and are separate from any bonuses that may be paid under the registrant's 2002 Management Incentive Plan.

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