Document:

EX-10(AA)

EXHIBIT 10(aa)

THE SHERWIN-WILLIAMS COMPANY

2006 EQUITY AND PERFORMANCE INCENTIVE PLAN

Form of Restricted Stock Grant

	 	 	 
	Grantee:                                         

	 	Date of Grant:                           , 20      
	Number of Shares:                    

	 	Date of Vesting:                     , 20     

     1. Grant of Restricted Shares. The Board of Directors (the “Board”) of The Sherwin-Williams
Company (the “Company”) grants to you (the “Grantee”) the aggregate number of shares of Common
Stock, $1.00 par value, of the Company set forth above (the “Restricted Shares”) in accordance with
the terms hereof and of The Sherwin-Williams Company 2006 Equity and Performance Incentive Plan
(the “Plan”). Capitalized terms used herein without definition shall have the meanings assigned to
them in the Plan.

     2. Vesting of Restricted Shares. (A) Provided Grantee is continuously employed from the
Date of Grant through the Date of Vesting, inclusive (the “Restriction Period”) with the Company or
a Subsidiary, in Grantee’s present position or in such other position as the Board may determine
entitles Grantee to retain the rights under this grant (such positions being hereinafter referred
to as a “Participating Position”), a percentage ranging from 0% to 100% of the Restricted Shares
shall vest in accordance with the Management Objectives set forth below. The determination of the
percentage of the Restricted Shares that will vest shall be made after such time as the Board has
obtained the information, made the decisions, and completed the calculations necessary. The
percentage of the Restricted Shares that will vest is based upon (i) the Company achieving a
specified Average Return on Average Equity during the ___ year period ending on December 31 of the
most recently completed fiscal year prior to the Date of Vesting (“Measurement Period”), and (ii)
the Company’s Cumulative Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
during the Measurement Period, as determined in accordance with the following table:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Percentage of Shares Vesting	 
	 	 	 	 	 	 	Average Return on Average Equity	 
	 	 	Cumulative	 	 	__%	 	 	__% to less	 	 	__% to less	 	 	 	 
	 	 	EBITDA	 	 	and above	 	 	than __%	 	 	than __%	 	 	below __%	 
	 
	 	$	______	 	 	 	—	%	 	 	—	%	 	 	—	%	 	 	—	%
	 
	 	$	______	 	 	 	—	%	 	 	—	%	 	 	—	%	 	 	—	%
	 
	 	$	______	 	 	 	—	%	 	 	—	%	 	 	—	%	 	 	—	%
	 
	 	$	______	 	 	 	—	%	 	 	—	%	 	 	—	%	 	 	—	%
	 
	 	$	______	 	 	 	—	%	 	 	—	%	 	 	—	%	 	 	—	%
	 
	 	$	______	 	 	 	—	%	 	 	—	%	 	 	—	%	 	 	—	%
	Less Than
	 	$	______	 	 	 	—	%	 	 	—	%	 	 	—	%	 	 	—	%

When the Cumulative EBITDA results during the Measurement Period are between the table values, an
interpolation will be made to determine the vesting percentage calculated to the nearest hundredth
of a percentage. The manner in which the Board will determine Average Return on Average Equity and
EBITDA during the Measurement Period is set forth on Exhibit A.

 

 

     (B) Notwithstanding Section 2(A) above, in the event of a “Change of Control” of the
Company, as defined below, during the Restriction Period the full number of the shares of
Restricted Shares shall immediately vest.

     3. Termination of Right to Restricted Shares. (A) On the date Grantee ceases to be
continuously employed in any Participating Position(s) at any time during the Restriction Period,
Grantee shall forfeit and lose all rights to the Restricted Shares, except as otherwise provided
below:

     (i) In the event of the death of Grantee during the Restriction Period, the full
number of Restricted Shares shall immediately vest.

     (ii) In the event Grantee is terminated by the Company or a Subsidiary as a result
of expiration of available disability leave of absence pursuant to applicable Company
policy due to sickness or bodily injury during the Restriction Period, the full number
of Restricted Shares shall immediately vest.

     (iii) In the event Grantee’s employment terminates as a result of normal retirement
age as defined under the applicable retirement plan of the Company or a Subsidiary, all
rights of Grantee under this grant shall continue as if Grantee had continued employment
in a Participating Position. The determination of the percentage of the number of
Restricted Shares that will vest will be made as if Grantee had remained employed in a
Participating Position throughout the Restriction Period.

     (iv) In the event Grantee’s employment terminates as a result of early retirement
(retirement on or after the earliest voluntary retirement age but before normal
retirement age as provided for in the applicable retirement plan of the Company or a
Subsidiary or retirement at an earlier age with the consent of the Board), the Board
shall have the right to cancel Grantee’s rights hereunder, continue Grantee’s rights
hereunder in full, or prorate the number of Restricted Shares granted hereunder for the
portion of the Restriction Period completed as of the date of such retirement or as the
Board may otherwise deem appropriate. In the event Grantee’s rights hereunder continue
in full or the number of Restricted Shares is prorated, determination of the percentage
of the number of Restricted Shares that will vest will be made as if Grantee had
remained employed in a Participating Position throughout the Restriction Period.

     (B) In the event Grantee is transferred from a Participating Position, the Board shall
have the right to cancel Grantee’s rights hereunder, continue Grantee’s rights hereunder in
full, or prorate the number of Restricted Shares granted hereunder for the portion of the
Restriction Period completed as of the date of such transfer or as the Board may otherwise
deem appropriate. In the event Grantee’s rights hereunder continue in full or the number of
Restricted Shares is prorated, determination of the percentage of the number of Restricted
Shares that will vest will be made as if Grantee had remained employed in a Participating
Position throughout the Restriction Period.

2

 

     (C) In the event that Grantee knowingly or willfully engages in misconduct during the
Restriction Period, which is materially harmful to the interests of the Company or a
Subsidiary as determined by the Board, all rights of Grantee in the Restricted Shares shall
terminate.

     4. Book Entry Account; Stockholder Rights. Within a reasonable time following the Date of
Grant, the Company shall instruct its transfer agent to establish a book entry account representing
the Restricted Shares in Grantee’s name effective as of the Date of Grant, provided that the
Company shall retain control over the account until the Restricted Shares have vested. On the Date
of Grant, ownership of the Restricted Shares shall immediately transfer to Grantee and, except for
the substantial risk of forfeiture and the restrictions on transfer expressly set forth herein,
Grantee shall be entitled to all voting, dividend, distribution and other ownership rights as may
apply to the Common Stock generally. Notwithstanding the foregoing, any stock dividends or other
in-kind dividends or distributions shall be held by the Company until the related Restricted Shares
have become vested in accordance with this grant and shall remain subject to the forfeiture
provisions applicable to the Restricted Shares to which such dividends or distributions relate.

     5. Change of Control. A “Change of Control” shall be deemed to have occurred if:

     (A) Any person (as such term is used in Sections 13(d) and 14(d)(2) of the Securities
Exchange Act of 1934, as amended, hereinafter the “Exchange Act”) who or that, together with
all “Affiliates” and “Associates” (as such terms are defined in Rule 12b-2, as in effect on
April 23, 1997, of the General Rules and Regulations under the Exchange Act) of such person, is
the Beneficial Owner (as defined below) of ten percent (10%) or more of the shares of Common
Stock then outstanding, except:

     (i) the Company;

     (ii) any of the Company’s subsidiaries in which a majority of the voting power of the
equity securities or equity interests of such subsidiary is owned, directly or indirectly,
by the Company;

     (iii) any employee benefit or stock ownership plan of the Company or any trustee or
fiduciary with respect to such a plan acting in such capacity; or

     (iv) any such person who has reported or may, pursuant to Rule 13d-l(b)(1) of the
General Rules and Regulations under the Exchange Act, report such ownership (but only as
long as such person is the Beneficial Owner of less than fifteen percent (15%) of the shares
of Common Stock then outstanding) on Schedule 13G (or any comparable or successor report)
under the Exchange Act.

Notwithstanding the foregoing: (a) no person shall become the Beneficial Owner of ten percent
(10%) or more (fifteen percent (15%) or more in the case of any person identified in clause (iv)
above) solely as the result of an acquisition of Common Stock by the Company that, by reducing
the number of shares outstanding, increases the proportionate number of shares beneficially
owned by such person to ten percent (10%) or more (fifteen percent (15%) or more in the case of
any person identified in clause (iv) above) of the shares of Common Stock then outstanding;
provided, however, that if a person becomes the Beneficial Owner of ten percent (10%) or more
(fifteen percent (15%) or more in the case of any person identified
in clause (iv) above) of the shares of Common Stock solely by reason of purchases of Common Stock by the Company and shall,
after such purchases by the Company, become the Beneficial

3

 

Owner of any additional shares of
Common Stock which has the effect of increasing such person’s percentage ownership of the
then-outstanding shares of Common Stock by any means whatsoever, then such person shall be
deemed to have triggered a Change of Control; and (b) if the Board determines that a person who
would otherwise be the Beneficial Owner of ten percent (10%) or more (fifteen percent (15%) or
more in the case of any person identified in clause (iv) above) of the shares of Common Stock
has become such inadvertently (including, without limitation, because (1) such person was
unaware that it Beneficially Owned ten percent (10%) or more (fifteen percent (15%) or more in
the case of any person identified in clause (iv) above) of the shares of Common Stock or (2)
such person was aware of the extent of such beneficial ownership but such person acquired
beneficial ownership of such shares of Common Stock without the intention to change or influence
the control of the Company) and such person divests itself as promptly as practicable of a
sufficient number of shares of Common Stock so that such person would no longer be the
Beneficial Owner of ten percent (10%) or more (fifteen percent (15%) or more in the case of any
person identified in clause (iv) above), then such person shall not be deemed to be, or have
been, the Beneficial Owner of ten percent (10%) or more (fifteen percent (15%) or more in the
case of any person identified in clause (iv) above) of the shares of Common Stock, and no Change
of Control shall be deemed to have occurred.

    (B) During any period of two consecutive years, individuals who at the beginning of such
period constituted the Board and any new director (other than a director initially elected or
nominated as a director as a result of an actual or threatened election contest with respect to
directors or any other actual or threatened
solicitation of proxies by or on behalf of such director) whose election by the Board or
nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds
(2/3) of the directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved, cease for any
reason to constitute a majority thereof.

    (C) There shall be consummated any consolidation, merger or other combination of the Company
with any other person or entity other than:

     (i) a consolidation, merger or other combination which would result in the voting
securities of the Company outstanding immediately prior thereto continuing to represent (either
by remaining outstanding or by being converted into voting securities of the surviving entity)
more than fifty-one percent (51%) of the combined voting power of the voting securities of the
Company or such surviving entity outstanding immediately after such consolidation, merger or
other combination; or

     (ii) a consolidation, merger or other combination effected to implement a recapitalization
and/or reorganization of the Company (or similar transaction), or any other consolidation,
merger or other combination of the Company, which results in no person, together with all
Affiliates and Associates of such person, becoming the Beneficial Owner of ten percent (10%) or
more (fifteen percent (15%) or more in the case of any person identified in clause (A)(iv)
above) of the combined voting power of the Company’s then outstanding securities.

4

 

     (D) There shall be consummated any sale, lease, assignment, exchange, transfer or other
disposition (in one transaction or a series of related transactions) of fifty percent (50%) or more
of the assets or earning power of the Company (including, without limitation, any such sale, lease,
assignment, exchange, transfer or other disposition effected to implement a recapitalization and/or
reorganization of the Company (or similar transaction)) which results in any person, together with
all Affiliates and Associates of such person, owning a proportionate share of such assets or
earning power greater than the proportionate share of the voting power of the Company that such
person, together with all Affiliates and Associates of such person, owned immediately prior to any
such sale, lease, assignment, exchange, transfer or other disposition.

     (E) The shareholders of the Company approve a plan of complete liquidation of the Company.

     For purposes of this Section 5, a person shall be deemed the “Beneficial Owner” of and shall
be deemed to “beneficially own” any securities:

     (x) which such person or any of such person’s Affiliates or Associates is considered to be
a “beneficial owner” under Rule 13d-3 of the General Rules and Regulations under the Exchange
Act, as in effect on April 23, 1997;

     (y) which such person or any of such person’s Affiliates or Associates, directly or
indirectly, has or shares the right to acquire, hold, vote (except pursuant to a revocable
proxy as described in the proviso to this definition) or dispose of such securities (whether
any such right is exercisable immediately or only after the passage of time) pursuant to any
agreement, arrangement or understanding (whether or not in writing), or upon the exercise of
conversion rights, exchange rights, rights, warrants or options, or otherwise; provided,
however, that a person shall not be deemed to be the Beneficial Owner of, or to beneficially
own, securities tendered pursuant to a tender or exchange offer made by or on behalf of such
person or any of such person’s Affiliates or Associates until such tendered securities are
accepted for purchase or exchange; or

     (z) which are beneficially owned, directly or indirectly, by any other person (or any
Affiliate or Associate of such other person) with which such person (or any of such person’s
Affiliates or Associates) has any agreement, arrangement or understanding (whether or not in
writing), with respect to acquiring, holding, voting (except as described in the proviso to
this definition) or disposing of any securities of the Company;

provided, however, that a person shall not be deemed the Beneficial Owner of, nor to beneficially
own, any security if such person has the right to vote such security pursuant to an agreement,
arrangement or understanding which (1) arises solely from a revocable proxy given to such person in
response to a public proxy or consent solicitation made
pursuant to, and in accordance with, the applicable rules and regulations under the Exchange Act,
and (2) is not also then reportable on Schedule 13D (or any comparable or successor report) under
the Exchange Act; and provided, further, that nothing in this Section 8.05 shall cause a person
engaged in business as an underwriter or securities to be the Beneficial Owner of, or to
beneficially own, any securities acquired through such person’s participation in good faith in a
firm commitment underwriting until the expiration of forty (40) days after the date of such
acquisition or such later date as the Board may determine in any specific case.

5

 

     6. Transferability. During the Restriction Period, Grantee shall not be permitted to sell,
transfer, pledge, encumber, assign or dispose of the Restricted Shares. The Restricted Shares
granted hereunder shall be deemed to be subject to a substantial risk of forfeiture within the
meaning of Section 83 of the Internal Revenue Code.

     7. Withholding Taxes. If the Company shall be required to withhold any federal, state, local
or foreign tax in connection with the Restricted Shares, Grantee shall pay or make provision
satisfactory to the Company for payment of all such taxes.

     8. No Right to Future Awards or Employment. The grant is a voluntary, discretionary bonus
being made on a one-time basis and it does not constitute a commitment to make any future awards.
The grant and any related payments made to Grantee will not be considered salary or other
compensation for purposes of any severance pay or similar allowance, except as otherwise required
by law. Nothing contained herein will not confer upon Grantee any right with respect to
continuance of employment or other service with the Company or any Subsidiary, nor will it
interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate
Grantee’s employment or other service at any time.

     9. Severability. If any provision of this grant or the application of any provision hereof to
any person or circumstances is held invalid, unenforceable or otherwise illegal, the remainder of
this grant and the application of such provision to any other person or circumstances shall not be
affected, and the provisions so held to be invalid, unenforceable or otherwise illegal shall be
reformed to the extent (and only to the extent) necessary to make it enforceable, valid and legal.

     10. Governing Law. This grant shall be governed by and construed with the internal
substantive laws of the State of Ohio, without giving effect to any principle of law that would
result in the application of the law of any other jurisdiction.

     11. Application of The Sherwin-Williams Company Executive Compensation Adjustment and
Recapture Policy. Grantee acknowledges and agrees that the terms and conditions set forth in The
Sherwin-Williams Company Executive Compensation Adjustment and Recapture Policy (“Policy”) are
incorporated in this Restricted Stock Grant by reference. To the extent the Policy is applicable
to Grantee, it creates additional rights for the Company with respect to Grantee’s Restricted
Shares.

6

 

Exhibit A

Average Return on Average Equity

	1.	 	Add the beginning and ending shareholder’s equity (less those items relating to extraordinary
events or which result in a distortion of comparative results) with respect to each fiscal
year of the Company beginning with or immediately prior to each year of the Measurement Period
and divide by two to arrive at the Average Equity for each such year.
	 
	2.	 	Divide the Net Income as determined for each such year by the Average Equity of the Company
for each such year to arrive at the Return on Average Equity. Net Income equals Reported Net
Income (less those items relating to extraordinary events or which result in a distortion of
comparative results).
	 
	3.	 	Add the Return on Average Equity for each year of the Measurement Period as determined above
and divide by the number of years in the Measurement Period to arrive at the Average Return on
Average Equity during the Measurement Period.

Example

Assuming a four year Measurement Period.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Year 4	 	 	Year 3	 	 	Year 2	 	 	Year 1	 
	Beginning Equity
	 	 	492	 	 	 	465	 	 	 	404	 	 	 	370	 
	Ending Equity
	 	 	550	 	 	 	492	 	 	 	465	 	 	 	404	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	1042 	 	 	 	957 	 	 	 	869	 	 	 	774	 
	 
	 	 	 ̧2	 	 	 	 ̧2	 	 	 	 ̧2	 	 	 	 ̧2	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Average Equity
	 	 	521	 	 	 	478.5	 	 	 	434.5	 	 	 	387	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Income
	 	 	97	 	 	 	86	 	 	 	75	 	 	 	65	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Return on Average Equity
	 	 	97 =	18.6%	 	 	86 =	18.0%	 	 	75 =	17.3%	 	 	65 =	16.8%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	521	 	 	 	478.5	 	 	 	434.5	 	 	 	387	 

	 	 	 	 	 
	Year	 	Return on Average Equity
	Year 1
	 	 	16.8	%
	Year 2
	 	 	17.3	%
	Year 3
	 	 	18.0	%
	Year 4
	 	 	18.6	%
	 
	 	 	70.7	% ̧
4  = 17.7%  Average Return on Average Equity

7

 

Cumulative Earnings Before Interest, Taxes, Depreciation and Amortization

Add the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (adjusted for those
items relating to extraordinary events or which results in a distortion of comparative results)
with respect to each fiscal year of the Company beginning with or immediately prior to each year of
the Measurement Period.

	 	 	 	 	 	      	 	 	 	      	 	 	 	      	 	 	 
	Year 1 EBITDA
	 	Year 2 EBITDA	 	Year 3 EBITDA	 	Year 4 EBITDA	 	Cumulative EBITDA
	$100,000,000
	 	$	110,000,000	 	 	$	121,000,000	 	 	$	133,100,000	 	 	$	464,100,000	 

8EX-10.4

EXHIBIT 10.4

January 29, 2009

Mr. John R. Male

PVF Capital Corp.

30000 Aurora Road

Solon, Ohio 44139

     Re: Change in Director and Officer Responsibilities

Dear Jack:

The purpose of this letter is to memorialize in writing certain changes in your director and
employment responsibilities with PVF Capital Corp. (the “Company”) and Park View Federal Savings
Bank (the “Bank”).

The changes we have agreed to are as follows:

	1.	 	You hereby resign as Chairman of the Board of Directors of the Company and the Bank,
effective immediately. This does not affect your continued service as a director of the
Company and the Bank. Subject to the Company’s and the Bank’s customary governance policies
and procedures and unless prohibited by any law or regulation applicable to the Company or the
Bank, the Board of Directors will recommend your election to the Board in connection with the
2010 annual meeting of stockholders.

	2.	 	You hereby resign as Chief Executive Officer of the Company and the Bank, and you resign from
all other officer positions you hold with any affiliate or subsidiary of the Company and the
Bank, effective upon the earlier to occur of: (i) March 31, 2009 or (ii) the date on which the
Boards of Directors of the Company and the Bank appoint a successor Chief Executive Officer of
the Company and the Bank.

	3.	 	Upon the effectiveness of your resignation as Chief Executive Officer of the Company and the
Bank, the Company will cause you to be appointed President of the Company’s wholly owned
subsidiary, PVF Service Corporation (the “Service Corporation”).

	4.	 	As President of the Service Corporation, you will be provided with an office located at a
mutually agreeable location and will be responsible for the resolution of real estate owned
and other Bank work-out projects as assigned to you by the Board of Directors.

 

 

Mr. John R. Male

January 29, 2009

Page 2

	5.	 	Except as otherwise set forth herein, your compensation and benefits package as President of
the Service Corporation will include:

	 	(i)	 	base salary of $226,000;
	 
	 	(ii)	 	continued health care, life, disability, vacation and other benefits ,
including continued participation in long term incentive awards and qualified and
nonqualified deferred compensation and retirement plans, under the same terms and
conditions you received as Chief Executive Officer of the Company and the Bank; and
	 
	 	(iii)	 	full reimbursement of reasonable business expenses.

	6.	 	The Company and the Bank will cease further payment of dues for club memberships.
	 
	7.	 	The Bank will buy out the lease for the Bank-leased car you use and transfer title into your
name, and the Bank will no longer reimburse you or otherwise pay for any motor vehicle costs.
	 
	8.	 	The Amended and Restated Severance Agreement dated December 30, 2008 by and among you, the
Company and the Bank (the “Severance Agreement”), and the Park View Federal Savings Bank
Supplemental Executive Retirement Plan between you and the Bank (the “SERP”) will continue in
effect, except that you, the Company and the Bank will amend the Severance Agreement to
provide that the Term of the Agreement shall be extended each year that you are employed until
age 65 and to restate paragraph 6 (ii) in its entirety to read as follows:

	 	(ii)	 	Involuntary termination or voluntary termination for Good Reason, as
defined in Section 7, and other than for Cause or pursuant to Sections 4 or 21
of this Agreement.

	 	 	In addition, you, the Company and the Bank agree to amend Section 6.1 of the SERP
and Section 3 of the Severance Agreement to provide a termination of your employment
for Cause requires a vote of a majority of the Board following delivery of a written
notice to you from the Board that sets forth with specificity the facts or
circumstances alleged to constitute Cause, followed by a thirty-day period to cure
any facts or circumstances constituting Cause, and an opportunity at the end of such
period to appear before the Board with counsel to refute the allegation that Cause
exists, to demonstrate the efficacy of the cure, or to address other matters
relating to you employment status.

 

 

Mr. John R. Male

January 29, 2009

Page 3

	9.	 	Section 6 of the Severance Agreement will be amended to add a new Section 6(e) to read as
follows:

	 	 	     (e) Notwithstanding anything else set forth in this Section 6, upon the
Executive’s termination as a result of one of the events specified in this Section
6, (i) the amount to be paid pursuant to Section 6(a) herein shall not be less than
the amount that would have been payable under Section 6(a) herein had Executive
elected to terminate employment for Good Reason on January 29, 2009, and (ii) the
amount to be paid pursuant to Section 6(b) herein under the Park View Federal
Savings Bank Supplemental Executive Retirement Plan, as amended and restated in
February 2006 (the “SERP”), shall not be less than the amount that would be payable
to Executive as of the Retirement Date if his employment terminated for Good Reason
and he fully vested in the SERP as of January 29, 2009.

	10.	 	If it is determined that any payment to you under the Severance Agreement or the SERP is made
in violation of Section 409A of the Internal Revenue Code, then the Company or the Bank shall
pay you an additional amount that would be sufficient, after reduction for all income taxes
(at the highest federal, state and local rates), employment taxes, and any applicable
additional or excise taxes, to pay the amount of the additional tax imposed under Section
409A. Notwithstanding the foregoing, you agree to cooperate with the Company and the Bank to
take such action as may be necessary to avoid liability for the additional tax under Section
409A in connection with the payment of any amount under the Severance Agreement and/or the
SERP, including but not limited to, the delay of such payment for any period necessary to
avoid a violation.

 

 

Mr. John R. Male

January 29, 2009

Page 4

In executing this letter you agree that you will not exercise a right to terminate your employment
for “Good Reason” under the Severance Agreement on account of the changes to your authorities,
duties, responsibilities or location of employment set forth in this letter. This does not
preclude subsequent changes to your authorities, duties, responsibilities or location of employment
from constituting Good Reason if such changes constitute Good Reason determined by reference to
your status as modified by the changes described in this letter. Finally, the Company or the Bank
shall reimburse you for all attorney fees and financial consultant fees that you incur in
connection with your review and consideration of the terms set forth in this letter and the related
amendment, reporting, tax and financial considerations.

	 	 	 	 	 
	 	Sincerely,

PVF CAPITAL CORP.

 	 
	Date: January 29, 2009 	By:  	Stanley T. Jaros
 	 
	 	 	Chairman of the Compensation Committee 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	PARK VIEW FEDERAL SAVINGS BANK

 	 
	Date: January 29, 2009 	By:  	Stanley T. Jaros
 	 
	 	 	Chairman of the Compensation Committee 	 
	 	 	 	 
	 

Accepted and agreed to this 29th day of January, 2009, by the undersigned.

/s/ John R. Male

 
John R. Male

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