Document:

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                                                                     Exhibit 4.0

COMMON STOCK                                             COMMON STOCK
PAR VALUE $.01                               SEE REVERSE FOR CERTAIN DEFINITIONS
                                                             CUSIP

                         CITIZENS FIRST BANCORP, INC.

             INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

THIS CERTIFIES THAT

                                S P E C I M E N
is the owner of:

FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK $.01 PAR VALUE PER SHARE OF
                         CITIZENS FIRST BANCORP, INC.

The shares represented by this certificate are transferable only on the stock
transfer books of the Corporation by the holder of record hereof, or by his or
her duly authorized attorney or legal representative, upon the surrender of this
certificate properly endorsed.  This certificate and the shares represented
hereby are issued and shall be held subject to all the provisions of the
Certificate of Incorporation of the Corporation and any amendments thereto
(copies of which are on file with the Transfer Agent), to all of which
provisions the holder by acceptance hereof, assents.

    This certificate is not valid unless countersigned and registered by the
Transfer Agent and Registrar.  The shares represented by this Certificate are
not insured by the Federal Deposit Insurance Corporation or any other government
agency.

          IN WITNESS THEREOF, Citizens First Bancorp, Inc. has caused this
certificate to be executed by the facsimile signatures of its duly authorized
officers and has caused a facsimile of its corporate seal to be hereunto
affixed.

Dated:                                   [SEAL]
                President                                   Secretary
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                         CITIZENS FIRST BANCORP, INC.

     The shares represented by this certificate are subject to a limitation
contained in the Certificate of Incorporation to the effect that in no event
shall any record owner of any outstanding common stock which is beneficially
owned, directly or indirectly, by a person who beneficially owns in excess of
10% of the outstanding shares of common stock (the "Limit") be entitled or
permitted to any vote in respect of shares held in excess of the Limit.

     The Board of Directors of the Corporation is authorized by resolution(s),
from time to time adopted, to provide for the issuance of serial preferred stock
in series and to fix and state the voting powers, designations, preferences and
relative, participating, optional, or other special rights of the shares of each
such series and the qualifications, limitations and restrictions thereof.  The
Corporation will furnish to any shareholder upon request and without charge a
full description of each class of stock and any series thereof.

     The shares represented by this certificate may not be cumulatively voted on
any matter.  The affirmative vote of the holders of at least 80% of the voting
stock of the Corporation, voting together as a single class, shall be required
to approve certain business combinations and other transactions, pursuant to the
Certificate of Incorporation or to amend certain provisions of the Certificate
of Incorporation.

The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

<TABLE>
<S>                                     <C>
TEN COM - as tenants in common          UNIF GIFTS MIN ACT - __________ custodian__________
                                                                  (Cust)            (Minor)

TEN ENT - as tenants by the entireties                    under Uniform Gifts to Minors Act
                                                                  ____________________
                                                                         (State)

JT TEN - as joint tenants with right
         of survivorship and not as
         tenants in common
</TABLE>

    Additional abbreviations may also be used though not in the above list.

For value received, __________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
  IDENTIFICATION NUMBER OF ASSIGNEE

________________________________________________________________________________
Please print or typewrite name and address including postal zip code of assignee

_______________________________________________ shares of the common stock
represented by the within Certificate, and do hereby irrevocably constitute and
appoint_________________________________________________________________________
Attorney to transfer the said stock on the books of the within-named Corporation
with full power of substitution in the premises.

DATED ________________________      ____________________________________________
                                    NOTICE:  THE SIGNATURE TO THIS ASSIGNMENT
                                    MUST CORRESPOND WITH THE NAME AS WRITTEN
                                    UPON THE FACE OF THE CERTIFICATE IN EVERY
                                    PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT
                                    OR ANY CHANGE WHATEVER.

SIGNATURE GUARANTEED:___________________________________________________________
                     THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
                     GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND
                     LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
                     APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT
                     TO S.E.C. RULE 17Ad-15<PAGE>

                                                                    EXHIBIT 10.2

                          CITIZENS FIRST SAVINGS BANK
                         FORM OF EMPLOYMENT AGREEMENT

     This EMPLOYMENT AGREEMENT ("Agreement") is made effective as of
_____________ (the "Effective Time"), by and between Citizens First Savings Bank
(the "Bank"), a state-chartered savings institution, with its principal offices
at 525 Water Street, Port Huron, Michigan, 48060, Citizens First Bancorp, Inc.
(the "Holding Company"), a corporation organized under the laws of the state of
Delaware and the holding company of the Bank, and ________________
("Executive").

     WHEREAS, the Bank believes that the assurance of Executive's employment by
the Bank for the term of this Agreement and the benefit of his business
experience are of material importance; and

     WHEREAS, Executive desires to serve in the employ of the Bank on a full-
time basis for the term of this Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants herein contained,
and upon the other terms and conditions hereinafter provided, the parties to
this Agreement hereby agree as follows:

1.   POSITIONS AND RESPONSIBILITIES

(a)  During the term of this Agreement Executive agrees to serve as
_____________ of the Bank. Executive shall render administrative and management
services to the Bank such as are customarily performed by persons in a similar
executive capacity. During the term of this Agreement, Executive also agrees to
serve, if elected as director of the Bank and in such capacity will carry out
such duties and responsibilities reasonably appropriate to that office.

(b)  During the term of Executive's employment under this Agreement, except for
periods of absence occasioned by illness, vacation, and other reasonable leaves
of absence, Executive shall devote substantially all his business time,
attention, skill, and efforts to the faithful performance of his duties under
this Agreement, including activities and services related to the organization,
operation and management of the Bank, as well as participation in community,
professional and civic organizations; provided, however, that, with the approval
of the Board of Directors of the Bank (the "Board of Directors"), as evidenced
by a resolution of the Board of Directors, from time to time, Executive may
serve, or continue to serve, on the boards of directors of, and hold any other
offices or positions in, companies or organizations, which, in the judgment of
the Board of Directors, will not present any conflict of interest with the Bank
or materially affect the performance of Executive's duties pursuant to this
Agreement.
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(c)  Notwithstanding anything herein contained to the contrary, either Executive
or the Bank may terminate Executive's employment with the Bank at any time
during the term of this Agreement, subject to the terms and conditions of this
Agreement.

2.   TERM OF EMPLOYMENT

Executive's employment under this Agreement shall be deemed to have commenced as
of the Effective Time and shall continue for a period of __________ full
calendar months from the Effective Time. Commencing on the date of execution of
this Agreement, the term of this Agreement shall extend for one day each day
until such time as the Board of Directors or Executive elects not to extend the
term of the Agreement by giving written notice to the other party, in which case
the term of this Agreement shall become fixed and shall end on the _________
anniversary of the date of such written notice.

3.   COMPENSATION, BENEFITS AND REIMBURSEMENT

(a)  Base Salary. The Holding Company shall pay Executive an annual salary of
not less than $__________ ("Base Salary"). Executive's Base Salary shall be
payable in accordance with the normal payroll practices of the Bank. Whenever
used in this Agreement, Base Salary shall include any amounts of compensation
deferred by Executive under any tax-qualified retirement or welfare benefit plan
or any other deferred compensation arrangement maintained by the Bank. During
the term of this Agreement, the Board of Directors or a committee appointed by
the Board of Directors shall review Executive's Base Salary at least annually
and the Board of Directors or the committee may increase Executive's Base Salary
at any time. Any increase in Executive's Base Salary shall become a term of this
Agreement and shall be the new "Base Salary" for purposes of this Agreement.

(b)  Incentive Compensation. In addition to his Base Salary, Executive shall be
entitled to participate in and shall receive payments under any incentive
compensation bonus program sponsored by the Bank. Executive's incentive
compensation shall be determined by the Board of Directors or a committee
appointed by the Board of Directors at a level appropriate for executive
officers.

(c)  Supplemental Pension and Life Insurance. The Bank shall continue to provide
to Executive, without cost, the supplemental pension and life insurance
arrangements in place at the Effective Time. The supplemental pension and life
insurance arrangements shall be governed by the terms of the specific agreements
in effect at the Effective Time.

(d)  Membership and Club Dues. The Bank shall continue to provide to Executive,
without cost, social and business memberships commensurate with his position. He
shall also be reimbursed for customary business and travel expenses.

(e)  Automobile and Cellular Phone. The Bank shall provide Executive with, and
Executive shall have the primary use of, an automobile owned or leased by the
Bank and the Bank shall pay (or

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reimburse Executive) for all expenses of insurance, registration, operation and
maintenance of the automobile. Executive shall comply with reasonable reporting
and expense limitations on the use of such automobile, as the Board of Directors
may establish from time to time, and the Holding Company or the Bank shall
annually include on Executive's Form W-2 any amount attributable to Executive's
personal use of such automobile. The Bank shall also provide Executive with a
cellular phone and shall pay (or reimburse Executive) for all reasonable
expenses related to the business use of such phone.

(f)  Vacation; Holidays; Sick Time. Executive shall be entitled to vacation in
accordance with the standard vacation policies of the Bank for senior executive
officers, but in no event less than ________ ( ) weeks vacation during each year
of employment. Executive shall take vacation at a time mutually agreed
upon by the Bank and Executive. Executive shall receive his Base Salary and
other benefits during periods of vacation. Executive shall also be entitled to
paid legal holidays in accordance with the policies of the Bank. Executive shall
also be entitled to sick leave in accordance with the policies of the Bank for
senior executive officers, but in no event less than the number of days of sick
leave per year to which Executive was entitled at the Effective Time.

(g)  Other Employee Benefits. In addition to any other compensation or benefits
provided for under this Agreement, Executive shall be entitled to continue to
participate in any employee benefit plans, arrangements and perquisites of the
Bank in which he participates or is eligible to participate at the Effective
Time. Executive shall also be entitled to participate in any employee benefits
or perquisites the Bank offers to full-time employees or executive management in
the future. The Bank will not, without Executive's prior written consent, make
any changes in such plans, arrangements or perquisites which would adversely
affect Executive's rights or benefits thereunder without separately providing
for an arrangement that ensures Executive receives or will receive the economic
value that Executive would otherwise lose as a result of such adverse effect.
Without limiting the generality of the foregoing provisions of this paragraph,
Executive shall be entitled to participate in or receive benefits under all
plans relating to stock options, restricted stock awards, stock purchases,
pension, profit sharing, employee stock ownership, supplemental retirement,
group life insurance, medical and other health and welfare coverage that are
made available by the Bank at the Effective Time or at any time in the future
during the term of this Agreement, subject to and on a basis consistent with the
terms, conditions and overall administration of such plans and arrangements.
Nothing paid to Executive under any such plans or arrangements will be deemed to
be in lieu of other compensation to which Executive is entitled under this
Agreement.

4.   PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION

(a)  Upon the occurrence of an Event of Termination (as defined herein below)
during Executive's term of employment under this Agreement, the provisions of
this Section 4 shall apply. As used in this Agreement, an "Event of Termination"
shall mean and include any one or more of the following: (i) the termination of
Executive's full-time employment under this Agreement by the Bank for any reason
other than a termination governed by Section 7 of this Agreement; or (ii)
Executive's resignation from his employment with the Bank upon, any (A) failure
to elect or re-elect or to appoint

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or re-appoint Executive to his position as set forth in Section 1 of this
Agreement, unless Executive consents to such event, (B) material change in
Executive's functions, duties, or responsibilities with the Bank or its
subsidiaries, which change would cause Executive's position(s) to become one of
lesser responsibility, importance, or scope, unless Executive consents to such
event, (C) relocation of Executive's principal place of employment by more than
__________ (___) miles from its location at the Effective Time, unless Executive
consents to such event, (D) material reduction in the benefits and perquisites
provided to Executive from those being provided as of the Effective Time of this
Agreement, unless Executive consents to such event, (E) liquidation or
dissolution of the Holding Company or the Bank, or (F) breach of this Agreement
by the Bank or the Holding Company. Upon the occurrence of any event described
in clauses (A), (B), (C), (D), (E) or (F), above, Executive shall have the right
to terminate his employment under this Agreement by resignation upon not less
than ______ (___) days prior written notice given within _______ (__) full
calendar months after the applicable event giving rise to Executive's right to
elect to terminate his employment.

(b)  Upon Executive's termination from employment in accordance with paragraph
(a) of this Section 4, on the Date of Termination, as defined in Section 8 of
the Agreement, the Bank shall be obligated to pay Executive, or, in the event of
his death following the Date of Termination, his beneficiary or beneficiaries,
or his estate, as the case may be, an amount equal to the sum of: (i) the Base
Salary and incentive compensation that would have been paid to Executive for the
remaining term of this Agreement had the Event of Termination not occurred
(based on Executive's then current Base Salary and most recently paid or accrued
bonus at the time of the Event of Termination); plus (ii) the value, as
calculated by a recognized firm customarily performing such valuation, of any
stock options which as of the Date of Termination, have been granted to
Executive but are not exercisable by Executive and the value of any restricted
stock awards which have been granted to Executive, but in which Executive does
not have a non-forfeitable or fully-vested interest as of the Date of
Termination; plus (iii) the value of all employee benefits that would have been
provided to Executive for the remaining term of this Agreement had an Event of
Termination not occurred, based on the most recent level of contribution,
accrual or other participation by or on behalf of Executive. At the election of
Executive, which election is to be made prior to the Date of Termination, such
payments shall be made in a lump sum. In the event that no election is made,
payment to Executive will be made on a monthly basis in approximately equal
installments during the remaining unexpired term of the Agreement. Such payments
shall not be reduced in the event Executive obtains other employment following
termination of employment.

(c)  In addition to the payments provided for in paragraph (b) of this Section
4, upon Executive's termination of employment in accordance with the provisions
of paragraph (a) of this Section 4, to the extent that the Holding Company or
the Bank continues to offer any life, medical, health, disability or dental
insurance plan or arrangement in which Executive participates in on the last day
of his employment (each being a "Welfare Plan"), Executive and his covered
dependents shall continue participating in such Welfare Plans, subject to the
same premium contributions on the part of Executive as were required immediately
prior to the Event of Termination until the earlier of (i) his death (ii) his
employment by another employer other than one of which he is the majority owner

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or (iii) the end of the remaining term of this Agreement. If the Holding Company
or Bank does not offer the Welfare Plans at any time after the Event of
Termination, then the Bank shall provide Executive with a payment equal to the
premiums for such benefits for the period which runs until the earlier of (i)
his death (ii) his employment by another employer other than one of which he is
the majority owner or (iii) the end of the remaining term of this Agreement.

5.   CHANGE IN CONTROL

(a)  For purposes of this Agreement, a "Change in Control" shall mean an event
of a nature that: (i) would be required to be reported in response to Item 1(a)
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 (the "Exchange Act");
or (ii) results in a Change in Control of the Bank or the Holding Company within
the meaning of the Bank Change in Control Act and the Rules and Regulations
promulgated by the Federal Deposit Insurance Corporation ("FDIC") at 12 C.F.R.
(S) 303.4(a) with respect to the Bank and the Rules and Regulations promulgated
by the Office of Thrift Supervision ("OTS") (or its predecessor agency), with
respect to the Holding Company, as in effect on the date hereof; 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 securities of the Bank
or the Holding Company representing _____ % or more of the Bank's or the Holding
Company's outstanding securities except for any securities of the Bank purchased
by the Holding Company in connection with the conversion of the Bank to the
stock form and any securities purchased by any tax-qualified employee benefit
plan of the Bank; or (B) individuals who constitute the Board of Directors 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
_______ ( ) of the directors comprising the Incumbent Board, or whose nomination
for election by the Holding Company's stockholders was approved by the same
Nominating Committee serving under an Incumbent Board, 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 in which the Bank or Holding Company is not the resulting
entity; or (D) solicitations of shareholders of the Holding Company, by someone
other than the current management of the Holding Company, seeking stockholder
approval of a plan of reorganization, merger or consolidation of the Holding
Company or Bank or similar transaction with one or more corporations as a result
of which the outstanding shares of the class of securities then subject to the
plan or transaction are exchanged for or converted into cash or property or
securities not issued by the Bank or the Holding Company shall be distributed;
or (E) a tender offer is made for ____% or more of the voting securities of the
Bank or the Holding Company.

(b)  If any of the events described in paragraph (a) of this Section 5,
constituting a Change in Control, have occurred or the Board of Directors
determines that a Change in Control has occurred, Executive shall be entitled to
the benefits provided in paragraphs (c), (d), (e), (f) and (g) of this Section 5
upon his termination of employment at any time during the term of this Agreement
on or

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after the date the Change in Control occurs due to (1) Executive's dismissal or
(2) Executive's resignation following any demotion, loss of title, office or
significant authority or responsibility, reduction in annual compensation or
benefits or relocation of his principal place of employment by more than
_________ (__) miles from its location immediately prior to the Change in
Control, unless such termination is because of his death or Termination for
Cause; provided, however, that such payments shall be reduced by any payment
made under Section 4 of this Agreement.

(c)  Upon the occurrence of a Change in Control followed by Executive's
termination of employment, as provided in paragraph (b) of this Section 5, the
Bank shall pay Executive, or in the event of his subsequent death, his
beneficiary or beneficiaries, or his estate, as the case may be, as severance
pay or liquidated damages, or both, a sum equal to the greater of: 1) the
payments and benefits due for the remaining term of the Agreement or 2) _____
(__) times Executive's average annual compensation from the Holding Company, the
Bank or their affiliates for the ____ (__) preceding taxable years or such
lesser number of years in the event that Executive shall have actually been
employed by the Bank for less than ____ (__) years. In determining Executive's
average annual compensation, annual compensation shall include Base Salary and
any other taxable income, including but not limited to amounts related to the
granting, vesting or exercise of restricted stock or stock option awards,
commissions, bonuses (whether paid or accrued for the applicable period), as
well as, severance payments, retirement benefits, director or committee fees and
fringe benefits paid or to be paid to Executive or paid for Executive's benefit
during any such year, profit sharing, employee stock ownership plan and other
retirement contributions or benefits, including to any tax-qualified plan or
arrangement (whether or not taxable) made or accrued on behalf of Executive of
such year. At the election of Executive, which election is to be made prior to
or within _____ (__) days of the Date of Termination on or following a Change in
Control, such payment may be made in a lump sum (without discount for early
payment) on or immediately following the Date of Termination (which may be the
date a Change in Control occurs) or paid in equal monthly installments during
the (__) months following Executive's termination. In the event that no election
is made, payment to Executive will be made on a monthly basis during the _______
(__) months following Executive's termination.

(d)  Upon the occurrence of a Change in Control, Executive will be entitled to
receive benefits due him under or contributed by the Bank on his behalf pursuant
to any retirement, incentive, profit sharing or other retirement, bonus,
performance, disability or other employee benefit plan maintained by the Bank on
Executive's behalf to the extent such benefits are not otherwise paid to
Executive under a separate provision of this Agreement. In addition, for
purposes of determining his vested accrued benefit, Executive shall be credited
either under any defined benefit pension plan maintained by the Bank or, if not
permitted under such plan, under a separate arrangement, with the additional
"years of service" that he would have earned for vesting and benefit accrual
purposes for the remaining term of the Agreement had his employment not
terminated.

(e)  Upon the occurrence of a Change in Control and Executive's termination of
employment in connection therewith, the Bank will cause to be continued life,
medical and disability coverage substantially identical to the coverage
maintained by the Bank for Executive and any of his

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dependents covered under such plans prior to the Change in Control. Such
coverage and payments shall cease upon the expiration of __________ (__) full
calendar months following the Date of Termination. In the event Executive's
participation in any such plan or program is barred by reason of his not being
an employee, the Bank shall arrange to provide Executive and his dependents with
benefits substantially similar to those of which Executive and his dependents
would otherwise have been entitled to receive under such plans and programs from
which their continued participation is barred or provide their economic
equivalent.

(f)  The use or provision of any membership, license, automobile use, or other
perquisites shall be continued during the remaining term of the Agreement on the
same financial terms and obligations as were in place immediately prior to the
Change in Control. To the extent that any item referred to in this paragraph
will, at the end of the term of this Agreement, no longer be available to
Executive, Executive will have the option to purchase all rights then held by
the Bank to such item for a price equal to the then fair market value of the
item.

(g)  In the event that Executive is receiving monthly payments pursuant to
Section 5(c) hereof, on an annual basis, thereafter, between the dates of
January 1 and January 31 of each year, Executive shall elect whether the balance
of the amount payable under the Agreement at that time shall be paid in a lump
sum or on a pro rata basis pursuant to such section. Such election shall be
irrevocable for the year for which such election is made.

6.   CHANGE IN CONTROL RELATED PROVISIONS

     Notwithstanding the provisions of 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 Internal Revenue Code of 1986, as amended, 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 Section 5 shall be determined by Executive.

7.   TERMINATION FOR CAUSE

     The term "Termination for Cause" shall mean termination because of
Executive's personal dishonesty, willful misconduct, any breach of fiduciary
duty involving personal profit, intentional failure to perform stated duties,
willful violation of any law, rule, regulation (other than traffic violations or
similar offenses), 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 him a Notice of Termination which shall include a copy of a
resolution duly adopted by the affirmative vote of not less than ________
(__/__) of the members of the Board of Directors at a meeting of the Board of
Directors called and held for that purpose (after reasonable notice to Executive
and an opportunity for him, together with counsel, to

                                      -7-
<PAGE>

be heard before the Board of Directors), finding that in the good faith opinion
of the Board of Directors, 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 Termination for Cause. During the period beginning on the date
of the Notice of Termination pursuant to Section 8 hereof through the Date of
Termination, stock options 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, vest. At the Date of Termination, such
stock options and any such unvested awards shall become null and void and shall
not be exercisable by or delivered to Executive at any time subsequent to such
Termination for Cause.

8.   NOTICE

(a)  Any purported termination by the Bank or by Executive shall be communicated
by a Notice of Termination to the other party. For purposes of this Agreement, a
"Notice of Termination" shall mean a written notice which indicates 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" shall mean the date specified in the Notice of
Termination (which, in the case of a Termination for Cause, shall not be less
than ___ (__) days from the date such Notice of Termination is given).

(c)  If, within ______ (__) 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, except upon the occurrence of a
Change in Control and voluntary termination by Executive in which case the Date
of Termination shall be the date specified in the Notice, 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, the Bank will continue to pay
Executive his full compensation in effect when the notice giving rise to the
dispute was given (including, but not limited to, Base Salary) and continue him
as a participant in all compensation, benefit and insurance plans in which he
was participating when the notice of dispute was given, until the dispute is
finally resolved in accordance with this Agreement. Amounts paid under this
Section 8 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.

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9.   POST-TERMINATION OBLIGATIONS

All payments and benefits to Executive under this Agreement shall be subject to
Executive's compliance with this Section 9 for _______________ (__) after the
earlier of the expiration of this Agreement or termination of Executive's
employment with the Bank. Executive shall, upon reasonable notice, furnish such
information and assistance to the Bank as may reasonably be required by the Bank
in connection with any litigation in which it or any of its subsidiaries or
affiliates is, or may become, a party.

10.  NON-COMPETITION AND NON-DISCLOSURE

(a)  Upon any termination of Executive's employment hereunder pursuant to
Section 4 hereof, Executive agrees not to compete with the Bank for a period of
_________ (___) following such termination in any city, town or county in which
Executive's normal business office is located and the Bank has an office or has
filed an application for regulatory approval to establish an office, determined
as of the effective date of such termination, except as agreed to pursuant to a
resolution duly adopted by the Board of Directors. Executive agrees that during
such period and within said cities, towns and counties, Executive shall not work
for or advise, consult or otherwise serve with, directly or indirectly, any
entity whose business materially competes with the depository, lending or other
business activities of the Bank. The parties hereto, recognizing that
irreparable injury will result to the Bank, its business and property in the
event of Executive's breach of this Subsection 10(a) agree that in the event of
any such breach by Executive, the Bank will be entitled, in addition to any
other remedies and damages available, to an injunction to restrain the violation
hereof by Executive, Executive's partners, agents, servants, employees and all
persons acting for or under the direction of Executive. Executive represents and
admits that in the event of the termination of his employment pursuant to
Section 4 of this Agreement, Executive's experience and capabilities are such
that Executive can obtain employment in a business engaged in other lines and/or
of a different nature than the Bank, and that the enforcement of a remedy by way
of injunction will not prevent Executive from earning a livelihood. Nothing
herein will be construed as prohibiting the Holding Company or its subsidiaries
from pursuing any other remedies available to the Bank for such breach or
threatened breach, including the recovery of damages from Executive.

(b)  Executive recognizes and acknowledges that the knowledge of the business
activities and plans for business activities of the Bank as it may exist from
time to time, is a valuable, special and unique asset of the business of the
Bank. Executive will not, during or after the term of his employment, disclose
any knowledge of the past, present, planned or considered business activities of
the Bank to any person, firm, corporation, or other entity for any reason or
purpose whatsoever unless expressly authorized by the Board of Directors or
required by law. Notwithstanding the foregoing, Executive may disclose any
knowledge of banking, financial and/or economic principles, concepts or ideas
which are not solely and exclusively derived from the business plans and
activities of the Bank. In the event of a breach or threatened breach by
Executive of the provisions of this Section 10, the Bank will be entitled to an
injunction restraining Executive from disclosing, in whole or in part, the
knowledge of the past, present, planned or considered business activities of the
Bank

                                      -9-
<PAGE>

or from rendering any services to any person, firm, corporation, other entity to
whom such knowledge, in whole or in part, has been disclosed or is threatened to
be disclosed. Nothing herein will be construed as prohibiting the Bank from
pursuing any other remedies available to the Bank for such breach or threatened
breach, including the recovery of damages from Executive.

11.  DEATH AND DISABILITY

(a)  Death. Notwithstanding any other provision of this Agreement to the
contrary, in the event of Executive's death during the term of this Agreement,
the Bank shall immediately pay his estate any salary and bonus accrued but
unpaid as of the date of his death, and, for a period of__________ after
Executive's death, the Bank shall continue to provide medical insurance benefits
existing on the date of his death and shall pay Executive's designated
beneficiary(ies) all compensation that would otherwise be payable to him
pursuant to Section 3 of this Agreement. This provision shall not negate any
rights Executive or his beneficiaries may have to death benefits under any
employee benefit plan of the Bank.

(b)  Disability

     (i)   Existing Condition.  As of the date of this Agreement Executive has
been determined to be entitled to receive disability benefits under the terms of
the long-term disability insurance policy ("Disability Policy") maintained by
the Bank.  As a result of such determination, the Bank's obligation to pay
Executive the Base Salary has been reduced to equal the difference between
Executive's Base Salary and amounts received from time to time under the long-
term disability policy, to the extent that such salary payments do not result in
a reduction in disability payments.

     (ii)  Incremental Disability.  If during the term of Executive's
employment, he begins to receive additional disability benefits under the
Disability Policy as a result of an incremental or additional disability
("Incremental Disability"), then the Bank's obligation to pay Executive his Base
Salary shall, as of the date additional benefits first become payable under such
Disability Policy on account of such Incremental Disability, be further reduced
to equal the difference between Executive's Base Salary and amounts received
under all long-term disability policies, to the extent that such salary payments
do not result in a reduction in disability payments.

     (iii) Incapacity. If as a result of an Incremental Disability Executive is
determined by a physician chosen by the Holding Company or the Bank and
reasonably acceptable to Executive or Executive's personal representatives not
to be capable of fulfilling Executive's responsibilities as an officer of the
Bank ("Incapacity Determination"), (i) Executive shall continue to be covered by
the Bank's medical insurance and life insurance policies until the ______
anniversary of the Incapacity Determination, and (ii) the Holding Company's and
the Bank's obligation to provide Executive with other employment related fringe
benefits hereunder shall cease as of the date of such Incapacity Determination
("Incapacity Determination Date"). Prior to the Incapacity Determination Date,
the Bank shall continue to pay Executive his annual salary in usual installments
and Executive shall continue to receive all other employment-related fringe
benefits due Executive in accordance with

                                      -10-
<PAGE>

this Agreement. The Holding Company's or Bank's obligation to provide Executive
with the benefits described in Section 4(a) shall not be affected by an
Incapacity Determination unless the terms of the separate arrangements governing
such benefits so provide.

     (iv) Termination of Employment by Reason of Incapacity.  At any time from
and after the Incapacity Determination Date, the Board of Directors, in its
discretion, may elect to terminate Executive's employment by reason of such
incapacity.  Any such termination as a result of incapacity shall be considered
to be an Event of Termination in accordance with Section 4 of this Agreement.

12.  SOURCE OF PAYMENTS

(a)  All payments provided in this Agreement shall be timely paid in cash or
check from the general funds of the Bank or subject to Section 12(b). The
Holding Company, however, unconditionally guarantees payment and provision of
all amounts and benefits due hereunder to Executive and, if such amount 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.

(b)  Notwithstanding any provision herein to the contrary, to the extent that
payments and benefits, as provided by this Agreement, are paid to or received by
Executive under an employment agreement in effect between Executive and the
Holding Company, such compensation payments and benefits paid by the Holding
Company will be subtracted from any amount due simultaneously to Executive under
similar provisions of this Agreement. Payments pursuant to this Agreement and
the Holding Company agreement shall be allocated in proportion to the level of
activity and the time expended on such activities by Executive as determined by
the Holding Company and the Bank.

13.  EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS

This Agreement contains the entire understanding between the parties hereto and
supersedes any prior employment agreement between the Bank or any predecessor of
the Bank and Executive, except that this Agreement shall not affect or operate
to reduce any benefit or compensation inuring to Executive of a kind elsewhere
provided. No provision of this Agreement shall be interpreted to mean that
Executive is subject to receiving fewer benefits than those available to him
without reference to this Agreement.

14.  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.

                                      -11-
<PAGE>

(b)  This Agreement shall be binding upon, and inure to the benefit of,
Executive and the Bank and their respective successors and assigns.

15.  MODIFICATION AND WAIVER

(a)  This Agreement may not be modified or amended except by an instrument in
writing signed by the parties hereto.

(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 as to any act other than that specifically waived.

16.  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.

17.  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.

18.  GOVERNING LAW

This Agreement shall be governed by the laws of the State of Michigan, without
regard to principles of conflicts of law of that state.

19.  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 _____ miles from
the location of the Bank, 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.

                                      -12-
<PAGE>

In the event any dispute or controversy arising under or in connection with
Executive's termination is resolved in favor of Executive, whether by judgment,
arbitration or settlement, Executive shall be entitled to the payment of all
back-pay, including salary, bonuses and any other cash compensation, fringe
benefits and any compensation and benefits due Executive under this Agreement.

20.  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, if Executive is successful with respect to such
dispute or question of interpretation pursuant to a legal judgment, arbitration
or settlement.

21.  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 to 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 21 are subject to
and conditioned upon compliance with 12 U.S.C. Section 1828(k) and 12 C.F.R.
Part 359 and any rules or regulations promulgated thereunder.

22.  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 or the Holding Company, to expressly and
unconditionally 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 such obligations if no such succession or assignment had
taken place.

                                      -13-
<PAGE>

                                  SIGNATURES

     IN WITNESS WHEREOF, Citizens First Savings Bank has caused this Agreement
to be executed and its seal to be affixed hereunto by its duly authorized
officer and Executive has signed this Agreement, on the ______ day of
__________, _______.

ATTEST:                             CITIZENS FIRST SAVINGS BANK

_________________________           By:  ___________________________________
Corporate Secretary                      For the Entire Board of Directors

          [SEAL]

ATTEST:                             CITIZENS FIRST BANCORP, INC.
                                    (Guarantor)

_________________________           By:  ___________________________________
Corporate Secretary                      For the Entire Board of Directors

          [SEAL]

WITNESS:                            EXECUTIVE

_________________________           By:  ___________________________________
Corporate Secretary                      [Executive]

                                      -14-

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