Document:

Exhibit 10.3

  
  
 EXHIBIT 10.3 

 Exhibit 10.3 
 RESOLUTION: EXECUTIVE PHYSICAL PROGRAM 
 Upon motion made by Director Stefanik and seconded by
Director Zepp, the following resolution was unanimously adopted: 
 WHEREAS, the Board of Directors (“Board”) recognizes the
contributions provided by members of the key executive team that promotes the growth of Third Federal Savings and Loan Association of Cleveland (“Association”); and 
 WHEREAS, the Board will periodically review the option to offer additional benefits to key executives to continue to remain competitive in preserving the
services provided by these individuals; and 
 WHEREAS, the health of key executives is vital to the health of the Association. It is
recommended that an Executive Physical Program be implemented; and 
 WHEREAS, health risk appraisals and annual physicals are important
tools in the general health assessment of an individual; and 
 WHEREAS, the Cleveland Clinic has a reputable executive health management
program, “the Personal Health Management Program”; and 
 WHEREAS, the cost of the program is a range of $2,000 - $3,000 per
participant; and 
 WHEREAS, the key executives recommended to participate in the Executive Physical Program are: 
  

			
	 Ralph Betters,
	  	 David Huffman

	 Marianne Piterans
	  	 John Ringenbach

	 Marc Stefanski
	  	 Daniel Weir

 Now, therefore, 
 BE IT RESOLVED, that the Board of Directors unanimously approves the implementation of the Executive Physical Program; and 
 FURTHER BE IT RESOLVED, that the key executives be offered the opportunity to participate in the program; and 
 FURTHER BE IT RESOLVED, that Jodi Hajduk, CEBS, maintain the administration of the program. 
 BOARD OF DIRECTORS MEETING HELD ON MAY 16 2002Exhibit 10.4

  
  
 EXHIBIT 10.4 

 Exhibit 10.4 
 EXEC COMM RESOLUTION: 2/24/95 
 SUBJECT: Company Cars 
 POLICY STATEMENT 
 It is the policy of Third Federal Savings to
provide Company-owned and maintained cars to members of Executive Management, to perform duties of their positions or to others who, in the opinion of the Chief Executive Officer and with the approval of the Executive Committee, by the nature of
their positions should be furnished a car. 
 ELIGIBILITY 
  

	1.	Executive Management: Company cars will be provided to members of Executive Management as designated by the Chief Executive Officer 

  

	2.	Other Staff Members: Associates who by the nature of their position need to drive a substantial amount may be designated by the Chief Executive Officer to; 

 

	 	a.	receive an assigned car 

  

	 	b.	use a company vehicle 

  

	 	c.	receive an oil company credit card 

 CAR PURCHASE, MAINTENANCE AND
REPLACEMENT 
  

	1.	Car Purchase Procedure 

  

	 	a.	With the prior approval of the Chief Executive Officer and with review by the Executive Committee, designated members of Executive Management may arrange for the purchase of a new
car with the assistance of the Chief Financial Officer. 

  

	 	b.	Members of Executive Management must notify the Chief Executive Officer 60 days prior to their cars’ reaching the maximum age and/or miles detailed later in this policy for
approval to purchase a new car. The Chief Financial Officer will assist the Executive in arranging for the purchase of a new car and the disposal of the existing car. 

  

	2.	Maintenance 

 It is the policy of Third Federal Savings to
maintain all Company-owned cars in sound mechanical order, as well as to maintain their interior and exterior appearance in a proper manner. It is the responsibility of each associate to whom the car is assigned to maintain that car in accordance
with Company policy. Associates not maintaining their cars per Company policy as outlined herein will be liable for up to $300.00 in repairs to bring their cars into proper condition. An associate designated by the Chief Operating Officer will be
responsible for monitoring and the maintenance of all cars. To this end, the designated associate will set up files to retain: assign driver’s name, title and registration, extra keys, parking agreement and copies of all repair and 

 maintenance records. The maintenance items under $100 may be completed by the assigned driver without
further approvals. Maintenance items at $100 or over need the prior approval of the Chief Operating Officer before they are begun. In cases of an emergency, maintenance items of $100 or more may be completed without additional approvals. 

 

	3.	Replacement 

 Cars will be replaced after 60,000 miles, but
not before 24 months unless unusual circumstances dictate a different schedule. Associates should advise the Chief Executive Officer as detailed under the section titled “Car Purchase.” 
 ACCIDENTS 
 If an associate becomes involved in an accident
with a Company car, regardless of the nature of the severity of the accident, the following procedure must be observed: 
  

	1.	Obtain the name, address, license number and insurance information from the owner of the other car(s) involved in the accident. 

  

	2.	Contact the Police Department of the community in which the accident occurred. If any bodily injury has been sustained in any of the cars involved, first aid or medical attention
should be secured as soon as possible. 

 Even if you feel you may be at fault, do not admit liability or discuss the limits of
the insurance coverage with others involved in the accident. These matters should be divulged only to the proper law officers and our insurance company. 
 INSURANCE 
 All insurance coverage is contracted by the Company. Each driver will be issued an
insurance identification card. 
 CREDIT CARDS 
 Executives driving Company cars, or Associates otherwise designated, are supplied with one or several oil company credit cards. A complete listing of who is in possession of each of these cards as well as the account number is kept as part
of the company’s records. If at any time any of these cards should become lost or stolen, it is essential that the Chief Operating Officer and designated associate responsible for monitoring car records are informed so that the appropriate oil
company can be notified. These cards are reissued automatically, prior to the expiration date. Executives or associates who are in possession of Company credit cards are to use them only for gasoline, oil, lubrication and normal maintenance.
Purchases in excess of $100 must be approved in the accordance with the procedures outlined in the policy. In the event circumstances require emergency repair or service, the associate is authorized to have the necessary work done in excess of

 
the $100 limitation. A written explanation of the emergency repair must be forwarded to the Chief Operating Officer for approval as promptly thereafter as
practicable. 
 LICENSE PLATES 
 License plates are
purchased by the Company during the appropriate month of expiration. Associates will be notified when their new license plates are available.Exhibit 10.5

  
  
 EXHIBIT 10.5 

 Exhibit 10.5 
 THIRD FEDERAL SAVINGS & LOAN ASSOCIATION 
 MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN I 
 Effective January 1, 2006 

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN I 
  

	I.	PURPOSE OF PLAN 

 This plan is designed
solely for the purpose of providing benefits to certain Associates of Third Federal which would have been payable under the Pension Plan but for the limitations placed on benefits by Sections 401(a)(17) and 415 of the Code. In addition, this Plan is
designed and intended to replace the Associate’s entire rights under the THIRD FEDERAL AND SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES EXECUTIVE TARGET BENEFIT PLAN I as amended and restated in January 2004. 
  

	II.	DEFINITIONS 

 “Administrator” shall
mean the Administrator appointed by the Board to administer the Plan. 
 “Associate” shall mean Marc A. Stefanski. 
 “Beneficiary” shall mean any person designated by a Participant as described in Section IX of the Plan. 
 “Board” shall mean the Board of Directors of Third Federal or a committee serving at the pleasure of the Board. 
 “Change in Control” shall mean as a result of, or in connection with, any cash tender offer, merger or other business combination, sale of
assets or combination of the foregoing, the persons who were directors of Third Federal immediately preceding such event, cease to constitute a majority of the directors of Third Federal. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended, or as it may be amended from time to time. 
 “Compensation” shall mean the Associate’s base salary, including any compensation deferred (under this Plan or any other non-qualified plan
of deferred compensation), arising out of and during the Associate’s employment with Third Federal or a Related Entity. 
 “Disability” shall mean a condition in which the Participant is: (a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in
death, or last for a continuous period of not less than twelve (12) months; or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a 

 
continuous period of not less than twelve (12) months, is receiving income replacement benefits for a period of not less than three (3) months
under an accident and health plan covering associates of Third Federal. 
 “Distribution Event” shall mean a separation from service
due to death, Disability, normal retirement or separation of service. 
 “Effective Date” shall be January 1, 2006. 

“Effective Date of Change in Control” shall mean the date on which the Board approves one or more of the events causing a Change in Control.

 “Executive Benefit Liability Account” shall mean a ledger account as described in Section IV of the Plan. 
 “Normal Retirement Age” shall be age sixty-five (65). 
 “Participant(s)” shall have the meaning set forth in Section III of the Plan. 
 “Pension
Plan” shall mean the Third Federal Savings Retirement Plan dated July 1, 1996. 
 “Plan” shall mean the Third Federal
Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan I. 
 “Plan Year” shall mean the calendar year.

 “Related Entity” shall include Third Federal and other entities as designated a Related Entity by the Board. 
 “Required Annual Contribution” shall mean the contribution set forth in Section IV of the Plan. 
 “Third Federal” shall mean Third Federal Savings and Loan Association MHC and its Subsidiaries 
 “Year of Service” shall mean the twelve (12) month consecutive period during which a Participant has provided one thousand (1,000) or
more hours of service to Third Federal and/or a Related Entity. For purposes of this definition, hours of service shall be based on the actual number of hours for which a Participant is paid or is entitled to be paid. 

	III.	ELIGIBILITY 

 Eligibility to participate in
the Plan is limited to Associates who are designated by the Board or a committee serving at the pleasure of the Board. Associates designated by the Board to participate in the Plan are referred to as “Participants.” 
  

	IV.	ADMINISTRATION 

 The Plan shall be
administered by the Board. The Board shall have full power and authority to interpret, construe, and administer the Plan in its sole discretion, and the Board’s interpretation and construction thereof, and determinations and actions thereunder,
including with respect to Required Annual Contributions, Executive Benefit Liability Accounts, Rabbi Trust, or property held by the Rabbi Trust or the amount or recipient of the payment to be made therefrom, shall be binding and conclusive on all
persons for all purposes. No member of the Board shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Plan unless attributable to his/her own willful misconduct or lack of
good faith. 
  

	V.	BENEFITS 

 Required Annual Contributions.
At the end of each calendar quarter, Third Federal shall credit to the Executive Benefit Liability Account established for each Participant by Third Federal for such Plan Year, twenty percent (20%) of the Participant’s Compensation for
such calendar quarter. 
 Executive Benefit Liability Account. For each Plan Year, Third Federal shall establish and maintain a ledger
account (the “Executive Benefit Liability Account”) for each Participant. The Required Annual Contributions for each Plan Year shall be allocated to the Executive Benefit Liability Account established for such Plan Year. 
 Distribution Election. Each Participant shall elect on a Distribution Election Form (in the form attached hereto) prior to the beginning of each
Plan Year the distribution form for the amount credited to the Executive Benefit Liability Account established for the Participant for such Plan Year. The election is irrevocable after the beginning of the Plan Year. If any Participant fails to make
an election on a Distribution Election Form with respect to a Plan Year, the election made by the Participant on the most recent Distribution Election Form with respect to an earlier Plan Year shall govern, and if the Participant has no Distribution
Election Form in effect, the distribution form shall be a Lump Sum Payment of the Executive Benefit Liability Account within 30 days of the Distribution Event. 
 Earnings of Executive Benefit Liability Account. The Board may offer investment options from which a Participant may select, in the manner prescribed by the Board, for the purpose of determining the earnings to
be credited to Participant’s Executive Benefit Liability Account. If the Board does not offer investment options, or the Participant does not elect to participate in the deemed investment options, at the end of each calendar 

 
quarter, Third Federal will credit the Executive Benefit Liability Account with earnings at the rate of 10 Year Treasury Bonds as published on
January 1st of the Plan Year. 
  

	VI.	Distributions 

 If a Participant incurs a
Distribution Event, payment of the Participant’s balance in his Executive Benefit Liability Accounts shall be made or commence to him within thirty (30) days following the Distribution Event in the form elected by the Participant on the
Distribution Election Form in effect with respect to each such Executive Benefit Liability Account. 
 If there is a Change in Control, any
affected Participant having a balance in a deferred Executive Benefit Liability Account shall be paid the vested accrued amounts within thirty (30) days from the Effective Date of Change in Control in the form elected by the Participant.

 For purposes of this section, an “affected” Participant in the event of a Change in Control is all Participants for such Plan
Year. 
  

	VII.	Rabbi Trust Provisions 

 Third Federal may in
its sole discretion establish one or more Rabbi Trusts to provide a source of payment for its obligations under the Plan and such trust shall be permitted to hold cash or other assets to the extent of Third Federal’s obligations hereunder;
provided, however, that the assets or the trust may not be located or transferred outside of the United States. Third Federal may, but is not required to utilize a single Rabbi Trust with respect to its obligations to Participants. 
 Claims of Third Federal’s Creditors. All assets held by any Rabbi Trust created hereunder and all distributions to be made by any trustee
pursuant to this Section of the Plan and any Rabbi Trust Agreement shall be subject to the claims of general creditors of Third Federal, including judgment creditors and bankruptcy creditors. The rights of the Participant or his or her beneficiaries
in or to any assets of the trust shall be no greater than the rights of an unsecured creditor of Third Federal. 
 Notification of
Insolvency. In the event Third Federal becomes insolvent, the Chief Executive Officer and Chairman of the Board of Third Federal shall immediately notify the trustees of all Rabbi Trusts created under this section. The trustees shall make no
distributions to any Participant or any beneficiary from any assets held in a Rabbi Trust pursuant to the Plan after such notification is received or at any time after the trustee has actual knowledge that Third Federal is insolvent. Under any such
circumstance, the trustee shall dispose of property held in the Rabbi Trust pursuant to the Plan only as a court of competent jurisdiction may direct. For purposes of this Plan, Third Federal shall be deemed “insolvent” by the trustee if
Third Federal is subject to a pending voluntary or involuntary proceeding as a debtor under the United States Bankruptcy Code, as the same may be amended from time to time, whether or not Third Federal has provided the trustee 

 
with the notification required by this Section or if the trustee has been notified pursuant to this section that Third Federal is insolvent. 
  

	VIII. 	Vesting 

 Each Participant shall vest in the
Participant’s Executive Benefit Liability Accounts after completion of five Years of Service. If a Participant has already completed five Years of Service as of the Effective Date, the Participant is immediately vested in 100% of the
Participant’s Executive Benefit Liability Accounts. 
  

	IX.	Beneficiary Designation 

 Executive
Benefit Liability Account Beneficiary Designation. Each Participant shall have the right, at any time to designate any person or persons as his Beneficiary or Beneficiaries (both primary and contingent) to receive the vested balance of the
Participant’s Executive Benefit Liability Accounts within thirty (30) days, in the event of death prior to another Distribution Event with respect to the Participant. 
 Amendments. Any Beneficiary Designation may be changed by a Participant without the consent of any designated Beneficiary by the filing of a new
Beneficiary Designation with the Administrator. The filing of a new Beneficiary Designation form will cancel all Beneficiary Designations previously filed. 
 No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, or if the Beneficiary designated by a deceased Participant predeceases the Participant, the
Administrator shall effect the transfer of the Executive Benefit Liability Accounts as follows: 
  

	 	a.	To the Participant’s surviving spouse, if any, or 

  

	 	b.	If the Participant shall have no surviving spouse; then to the Participant’s children, if any in equal shares by right of representation; or 

  

	 	c.	If the Participant shall have no surviving spouse or children, then to the Participant’s estate. 

 Death of Beneficiary. Following transfer of a Participant’s Executive Benefit Liability Account to a Beneficiary, if the Beneficiary
designated by the deceased Participant dies before the completed transfer of Participant’s Executive Benefit Liability Accounts to him or her, the Administrator shall effect the transfer of any remaining portion of the Participant’s
Executive Benefit Liability Accounts as follows: 
  

	 	a.	As designated by the Beneficiary in a written form prescribed by the Administrator, which is effective only if filed with the Administrator during the Beneficiary’s lifetime;
or 

	 	b.	If the Beneficiary shall not have made such designation, then to the Beneficiary’s estate. 

  

	X.	Claims Procedure. 

 Claim. Any person
making a claim under the plan, requesting an interpretation or ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Administrator who shall respond in writing as soon as practicable. 

Denial of Claim. If the claim or request is denied, the written notice of denial shall be made within ninety (90) days of the date of
receipt of such claim or request by the Administrator shall state: 
  

	 	a.	The reason for denial, with specific reference to the Plan provision on which the denial is based; 

  

	 	b.	A description of an additional material or information required and an explanation of why it is necessary; and 

  

	 	c.	An explanation of the Plan’s claim review process. 

 Review of Claim. Any person whose claim or request is denied or who has not received a response within ninety (90) days may request review by notice given in writing to the Administrator within sixty (60) days of receiving
a response or one hundred-fifty (150) days from the date the claim was received by the Administrator. The claim or request shall be reviewed by the Administrator who may, but shall not be required to, grant the claimant a hearing. On review,
the claimant may have representation, examine pertinent documents and submit issues and comments in writing. 
 Final Decision. The
decision on review shall normally be made within sixty (60) days after the Administrator’s receipt of a request for review. If an extension of time is required for a hearing or other special circumstances, the claimant shall be
notified and the time limit shall be one hundred-twenty (120) days after the Administrator’s receipt of a request for review. The decision shall be in writing and shall state the reasons and relevant Plan provision. All decisions on review
shall be final and bind all parties concerned. 
  

	XI.	Amendment or Termination of the Plan 

 The
Board may, at any time, terminate or amend the Plan (in whole or in part) or adopt a successor plan, provided, however, that no termination or amendment shall be effective to decrease or restrict any vested account balances in the Executive Benefit
Liability Accounts, or portions thereof, accrued under the Plan prior to the amendment or termination. 

	XII.	Miscellaneous 

 Participant
Cooperation. A Participant will cooperate with Third Federal, the Administrator and any designees by furnishing any and all information requested in order to facilitate the granting and disbursement of the Executive Benefit Liability Accounts
hereunder and such other action as may be requested. 
 Terms. Whenever any words are used herein in the masculine, they shall be
construed as though they were used in the feminine in all cases where they would so apply; and wherever any words are used herein in the singular or plural, they shall be construed as though they were used in the plural or the singular, as the case
may be, in all cases where they would so apply. 
 Captions. The captions of articles, sections, and paragraphs of the Plan are for
convenience only and shall not control or affect the meaning or construction of any of its provisions. 
 Governing Law. This agreement
shall be deemed to apply, be governed by and construed and enforced in accordance with the laws of the State of Ohio and all applicable Federal laws and regulations. 
 Validity. In case any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Plan shall be construed and
enforced as if such illegal and invalid provision had never been inserted herein. 
 Notice. Any notice or filing required or permitted
to be given to the Administrator under the Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail to the Administrator or his designee. Such notice shall be deemed given as the date of delivery or, if
delivery is made by mail, as of three (3) days following the date shown on the postmark or on the receipt for registration or certification. 
 Successors. The provisions of this Plan shall bind and inure to the benefit of Third Federal and its successors and assigns. 
 Rounding. The results of any and all calculations provided for in the Plan shall be rounded to the next highest whole dollar amount. 
 Liability of Third Federal. This Plan shall not be construed to (i) give any Associate or Participant accrued amounts in the Executive Benefit Liability Account, other than in the sole discretion of the Board; (ii) limit in
any way the right of Third Federal, the Association or a Related Entity to terminate the employment of any Associate or Participant at anytime, or (iii) be evidence of any agreement or understanding, expressed or implied, that Third Federal,
the Association, or a Related Entity will employ any 

 
Associate or Participant in any particular position or at any particular rate of remuneration or for any particular period of time. 
 Merger or Consolidation. In the event of liquidation or dissolution of Third Federal, sale of substantially all of the assets of Third Federal, or
the merger or consolidation in which Third Federal is not the survivor, all accrued amounts in the Executive Benefit Liability Account granted hereunder shall become fully vested immediately upon the Effective Date of Change in Control as defined in
Section II. 
 IN WITNESS WHEREOF, and pursuant to a resolution of the Board of Directors, the undersigned has caused this instrument
to be executed by its duly authorized officer. 
  

									
	 ATTEST:
	 		 	Third Federal Savings and Loan Association of Cleveland, MHC
				
	 /s/ Jodi A. Hajduk
	 		 	 By:
	 	 /s/ Marianne Piterans

		 		 		 		 	Dir. of Human Resources
		 		 		 		 	(Title)

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN I 
 DISTRIBUTION ELECTION FORM 
 I,
                                        ,
an Associate pursuant to the Third Federal Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan I (the “Plan”), hereby elect that, upon the occurrence of a Distribution Event, as defined in Section II of the
Plan (i.e., Change in Control, death, disability, separation from service), the amounts accrued and vested in my Executive Benefit Liability Account shall be distributed to me as follows: 
                      Lump-sum payment of
Executive Benefit Liability Account within 30 days of Distribution Event. 
                      Payment of Executive Benefit Liability Account pro-rata consisting of ten (10) annual installments commencing 30
days after Distribution Event. 
                      Payment of Executive Benefit Liability Account annually as a straight life annuity commencing 30 days after
Distribution Event. 
 I also acknowledge that this election is irrevocable after the start of the Plan Year to which it relates, and that it will apply with
respect to subsequent Plan Years unless I file a new election prior to the beginning of any such subsequent Plan Year. 
  

			
	
	  
	 [Participant Signature]

		
	 Date:
	 	  

 THIRD FEDERAL SAVINGS & LOAN ASSOCIATION 
 MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN II 
 Effective January 1, 2006 

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN II 
  

	I.	PURPOSE OF PLAN 

 This plan is designed
solely for the purpose of providing benefits to certain Associates of Third Federal which would have been payable under the Pension Plan but for the limitations placed on benefits by Sections 401(a)(17) and 415 of the Code. In addition, this Plan is
designed and intended to replace the Associate’s entire rights under the THIRD FEDERAL AND SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES TARGET BENEFIT PLAN as amended and restated in January 2004. 
  

	II.	DEFINITIONS 

 “Administrator” shall
mean the Administrator appointed by the Board to administer the Plan. 
 “Associate” shall mean John P. Ringenbach. 
 “Beneficiary” shall mean any person designated by a Participant as described in Section IX of the Plan. 
 “Board” shall mean the Board of Directors of Third Federal or a committee serving at the pleasure of the Board. 
 “Change in Control” shall mean as a result of, or in connection with, any cash tender offer, merger or other business combination, sale of
assets or combination of the foregoing, the persons who were directors of Third Federal immediately preceding such event, cease to constitute a majority of the directors of Third Federal. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended, or as it may be amended from time to time. 
 “Compensation” shall mean the Associate’s base salary, including any compensation deferred (under this Plan or any other non-qualified plan
of deferred compensation), arising out of and during the Associate’s employment with Third Federal or a Related Entity. 
 “Disability” shall mean a condition in which the Participant is: (a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in
death, or last for a continuous period of not less than twelve (12) months; or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less
than twelve (12) months, is receiving income replacement 

 
benefits for a period of not less than three (3) months under an accident and health plan covering associates of Third Federal. 
 “Distribution Event” shall mean a separation from service due to death, Disability, normal retirement or separation of service. 
 “Effective Date” shall be January 1, 2006. 
 “Effective Date of Change in Control” shall mean the date on which the Board approves one or more of the events causing a Change in Control. 
 “Executive Benefit Liability Account” shall mean a ledger account as described in Section IV of the Plan. 
 “Normal Retirement Age” shall be age sixty-five (65). 
 “Participant(s)” shall have the meaning set forth in Section III of the Plan. 
 “Pension
Plan” shall mean the Third Federal Savings Retirement Plan dated July 1, 1996. 
 “Plan” shall mean the Third Federal
Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan II. 
 “Plan Year” shall mean the calendar year.

 “Related Entity” shall include Third Federal and other entities as designated from time to time by the Board. 
 “Required Annual Contribution” shall mean the contribution set forth in Section IV of the Plan. 
 “Third Federal” shall mean Third Federal Savings and Loan Association MHC and its Subsidiaries 
 “Year of Service” shall mean the twelve (12) month consecutive period during which a Participant has provided one thousand (1,000) or
more hours of service to Third Federal and/or a Related Entity. For purposes of this definition, hours of service shall be based on the actual number of hours for which a Participant is paid or is entitled to be paid. 
  

	III.	ELIGIBILITY 

 Eligibility to participate in
the Plan is limited to Associates who are designated by the Board or a committee serving at the pleasure of the Board. Associates designated by the Board to participate in the Plan are referred to as “Participants.” 

	IV.	ADMINISTRATION 

 The Plan shall be
administered by the Board. The Board shall have full power and authority to interpret, construe, and administer the Plan in its sole discretion, and the Board’s interpretation and construction thereof, and determinations and actions thereunder,
including with respect to Required Annual Contributions, Executive Benefit Liability Accounts, Rabbi Trust, or property held by the Rabbi Trust or the amount or recipient of the payment to be made therefrom, shall be binding and conclusive on all
persons for all purposes. No member of the Board shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Plan unless attributable to his/her own willful misconduct or lack of
good faith. 
  

	V.	BENEFITS 

 Required Annual
Contributions. At the end of each calendar quarter, Third Federal shall credit to the Executive Benefit Liability Account established for each Participant by Third Federal for such Plan Year, fifteen percent (15%) of the Participant’s
Compensation for such calendar quarter. 
 Executive Benefit Liability Account. For each Plan Year, Third Federal shall establish and
maintain a ledger account (the “Executive Benefit Liability Account”) for each Participant. The Required Annual Contributions for each Plan Year shall be allocated to the Executive Benefit Liability Account established for such Plan Year.

 Distribution Election. Each Participant shall elect on a Distribution Election Form (in the form attached hereto) prior to the
beginning of each Plan Year the distribution form for the amount credited to the Executive Benefit Liability Account established for the Participant for such Plan Year. The election is irrevocable after the beginning of the Plan Year. If any
Participant fails to make an election on a Distribution Election Form with respect to a Plan Year, the election made by the Participant on the most recent Distribution Election Form with respect to an earlier Plan Year shall govern, and if the
Participant has no Distribution Election Form in effect, the distribution form shall be a Lump Sum Payment of the Executive Benefit Liability Account within 30 days of the Distribution Event. 
 Earnings of Executive Benefit Liability Account. The Board may offer investment options from which a Participant may select, in the manner
prescribed by the Board, for the purpose of determining the earnings to be credited to Participant’s Executive Benefit Liability Account. If the Board does not offer investment options, or the Participant does not elect to participate in the
deemed investment options, at the end of each calendar quarter, Third Federal will credit the Executive Benefit Liability Account with earnings at the rate of 10 Year Treasury Bonds as published on January 1st of the Plan Year. 

	VI.	Distributions 

 If a Participant incurs a
Distribution Event, payment of the Participant’s balance in his Executive Benefit Liability Accounts shall be made or commence to him within thirty (30) days following the Distribution Event in the form elected by the Participant on the
Distribution Election Form in effect with respect to each such Executive Benefit Liability Account. 
 If there is a Change in Control, any
affected Participant having a balance in a deferred Executive Benefit Liability Account shall be paid the vested accrued amounts within thirty (30) days from the Effective Date of Change in Control in the form elected by the Participant.

 For purposes of this section, an “affected” Participant in the event of a Change in Control is all Participants for such Plan
Year. 
  

	VII.	Rabbi Trust Provisions 

 Third Federal may in
its sole discretion establish one or more Rabbi Trusts to provide a source of payment for its obligations under the Plan and such trust shall be permitted to hold cash or other assets to the extent of Third Federal’s obligations hereunder,
provided, however, that the assets or the trust may not be located or transferred outside of the United States. Third Federal may, but is not required to utilize a single Rabbi Trust with respect to its obligations to Participants. 
 Claims of Third Federal’s Creditors. All assets held by any Rabbi Trust created hereunder and all distributions to be made by any trustee
pursuant to this Section of the Plan and any Rabbi Trust Agreement shall be subject to the claims of general creditors of Third Federal, including judgment creditors and bankruptcy creditors. The rights of the Participant or his or her beneficiaries
in or to any assets of the trust shall be no greater than the rights of an unsecured creditor of Third Federal. 
 Notification of
Insolvency. In the event Third Federal becomes insolvent, the Chief Executive Officer and Chairman of the Board of Third Federal shall immediately notify the trustees of all Rabbi Trusts created under this section. The trustees shall make no
distributions to any Participant or any beneficiary from any assets held in a Rabbi Trust pursuant to the Plan after such notification is received or at any time after the trustee has actual knowledge that Third Federal is insolvent. Under any such
circumstance, the trustee shall dispose of property held in the Rabbi Trust pursuant to the Plan only as a court of competent jurisdiction may direct. For purposes of this Plan, Third Federal shall be deemed “insolvent” by the trustee if
Third Federal is subject to a pending voluntary or involuntary proceeding as a debtor under the United States Bankruptcy Code, as the same may be amended from time to time, whether or not Third Federal has provided the trustee with the notification
required by this Section or if the trustee has been notified pursuant to this section that Third Federal is insolvent. 

	VIII.	 Vesting 

 Each Participant shall vest
in the Participant’s Executive Benefit Liability Accounts after completion of five Years of Service. If a Participant has already completed five Years of Service as of the Effective Date, the Participant is immediately vested in 100% of the
Participant’s Executive Benefit Liability Accounts. 
  

	IX.	Beneficiary Designation 

 Executive
Benefit Liability Account Beneficiary Designation. Each Participant shall have the right, at any time to designate any person or persons as his Beneficiary or Beneficiaries (both primary and contingent) to receive the vested balance of the
Participant’s Executive Benefit Liability Accounts within thirty (30) days, in the event of death prior to another Distribution Event with respect to the Participant. 
 Amendments. Any Beneficiary Designation may be changed by a Participant without the consent of any designated Beneficiary by the filing of a new
Beneficiary Designation with the Administrator. The filing of a new Beneficiary Designation form will cancel all Beneficiary Designations previously filed. 
 No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, or if the Beneficiary designated by a deceased Participant predeceases the Participant, the
Administrator shall effect the transfer of the Executive Benefit Liability Accounts as follows: 
  

	 	a.	To the Participant’s surviving spouse, if any; or 

  

	 	b.	If the Participant shall have no surviving spouse; then to the Participant’s children, if any in equal shares by right of representation; or 

  

	 	c.	If the Participant shall have no surviving spouse or children, then to the Participant’s estate. 

 Death of Beneficiary. Following transfer of a Participant’s Executive Benefit Liability Account to a Beneficiary, if the Beneficiary
designated by the deceased Participant dies before the completed transfer of Participant’s Executive Benefit Liability Accounts to him or her, the Administrator shall effect the transfer of any remaining portion of the Participant’s
Executive Benefit Liability Accounts as follows: 
  

	 	a.	As designated by the Beneficiary in a written form prescribed by the Administrator, which is effective only if filed with the Administrator during the Beneficiary’s lifetime;
or 

  

	 	b.	If the Beneficiary shall not have made such designation, then to the Beneficiary’s estate. 

	X.	Claims Procedure. 

 Claim. Any person
making a claim under the plan, requesting an interpretation or ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Administrator who shall respond in writing as soon as practicable. 

Denial of Claim. If the claim or request is denied, the written notice of denial shall be made within ninety (90) days of the date of
receipt of such claim or request by the Administrator shall state: 
  

	 	a.	The reason for denial, with specific reference to the Plan provision on which the denial is based; 

  

	 	b.	A description of an additional material or information required and an explanation of why it is necessary; and 

  

	 	c.	An explanation of the Plan’s claim review process. 

 Review of Claim. Any person whose claim or request is denied or who has not received a response within ninety (90) days may request review by notice given in writing to the Administrator within sixty (60) days of receiving
a response or one hundred-fifty (150) days from the date the claim was received by the Administrator. The claim or request shall be reviewed by the Administrator who may, but shall not be required to, grant the claimant a hearing. On review,
the claimant may have representation, examine pertinent documents and submit issues and comments in writing. 
 Final Decision. The
decision on review shall normally be made within sixty (60) days after the Administrator’s receipt of a request for review. If an extension of time is required for a hearing or other special circumstances, the claimant shall be notified
and the time limit shall be one hundred-twenty (120) days after the Administrator’s receipt of a request for review. The decision shall be in writing and shall state the reasons and relevant Plan provision. All decisions on review shall be
final and bind all parties concerned. 
  

	XI.	Amendment or Termination of the Plan 

 The
Board may, at any time, terminate or amend the Plan (in whole or in part) or adopt a successor plan, provided, however, that no termination or amendment shall be effective to decrease or restrict any vested account balances in the Executive Benefit
Liability Accounts, or portions thereof, accrued under the Plan prior to the amendment or termination. 

	XII.	Miscellaneous 

 Participant Cooperation.
A Participant will cooperate with Third Federal, the Administrator and any designees by furnishing any and all information requested in order to facilitate the granting and disbursement of the Executive Benefit Liability Accounts hereunder and
such other action as may be requested. 
 Terms. Whenever any words are used herein in the masculine, they shall be construed as though
they were used in the feminine in all cases where they would so apply; and wherever any words are used herein in the singular or plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases
where they would so apply. 
 Captions. The captions of articles, sections, and paragraphs of the Plan are for convenience only and
shall not control or affect the meaning or construction of any of its provisions. 
 Governing Law. This agreement shall be deemed to
apply, be governed by and construed and enforced in accordance with the laws of the State of Ohio and all applicable Federal laws and regulations. 
 Validity. In case any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Plan shall be construed and enforced as if such illegal
and invalid provision had never been inserted herein. 
 Notice. Any notice or filing required or permitted to be given to the
Administrator under the Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail to the Administrator or his designee. Such notice shall be deemed given as the date of delivery or, if delivery is made by
mail, as of three (3) days following the date shown on the postmark or on the receipt for registration or certification. 
 Successors. The provisions of this Plan shall bind and inure to the benefit of Third Federal and its successors and assigns. 
 Rounding. The results of any and all calculations provided for in the Plan shall be rounded to the next highest whole dollar amount. 
 Liability of Third Federal. This Plan shall not be construed to (i) give any Associate or Participant accrued amounts in the Executive Benefit Liability Account, other than in the sole discretion of the Board; (ii) limit in
any way the right of Third Federal, the Association or a Related Entity to terminate the employment of any Associate or Participant at anytime, or (iii) be evidence of any agreement or understanding, expressed or implied, that Third Federal,
the Association, or a Related Entity will employ any Associate or Participant in any particular position or at any particular rate of remuneration or for any particular period of time. 

 Merger or Consolidation. In the event of liquidation or dissolution of Third Federal, sale of
substantially all of the assets of Third Federal, or the merger or consolidation in which Third Federal is not the survivor, all accrued amounts in the Executive Benefit Liability Account granted hereunder shall become fully vested immediately upon
the Effective Date of Change in Control as defined in Section II. 
 IN WITNESS WHEREOF, and pursuant to a resolution of the Board of
Directors, the undersigned has caused this instrument to be executed by its duly authorized officer. 
  

									
	 ATTEST:
	 		 	Third Federal Savings and Loan Association of Cleveland, MHC
				
	 /s/ Jodi A. Hajduk
	 		 	 By:
	 	 /s/ Marianne Piterans

		 		 		 		 	Dir. of Human Resources
		 		 		 		 	(Title)

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN II 
 DISTRIBUTION ELECTION FORM 
 I,
                                        ,
an Associate pursuant to the Third Federal Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan II (the “Plan”), hereby elect that, upon the occurrence of a Distribution Event, as defined in Section II of the
Plan (i.e, Change in Control, death, disability, separation from service), the amounts accrued and vested in my Executive Benefit Liability Account shall be distributed to me as follows: 
                      Lump-sum payment of
Executive Benefit Liability Account within 30 days of Distribution Event. 
                      Payment of Executive Benefit Liability Account pro-rata consisting of ten (10) annual installments commencing 30
days after Distribution Event. 
                      Payment of Executive Benefit Liability Account annually as a straight life annuity commencing 30 days after
Distribution Event. 
 I also acknowledge that this election is irrevocable after the start of the Plan Year to which it relates, and that it will apply with
respect to subsequent Plan Years unless I file a new election prior to the beginning of any such subsequent Plan Year. 
  

			
	
	  
	 [Participant Signature]

		
	 Date:
	 	  

 THIRD FEDERAL SAVINGS & LOAN ASSOCIATION 
 MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN III 
 Effective January 1, 2006 

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND 
 SUBSIDIARIES EXECUTIVE RETIREMENT BENEFIT PLAN III 
  

	I.	PURPOSE OF PLAN 

 This plan is designed
solely for the purpose of providing benefits to certain Associates of Third Federal which would have been payable under the Pension Plan but for the limitations placed on benefits by Sections 401(a)(17) and 415 of the Code. In addition, this Plan is
designed and intended to replace the Associate’s entire rights under the THIRD FEDERAL AND SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES EXECUTIVE TARGET BENEFIT PLAN III as amended and restated in January 2004. 
  

	II.	DEFINITIONS 

 “Administrator” shall
mean the Administrator appointed by the Board to administer the Plan. 
 “Associate” shall mean Marianne Piterans. 
 “Beneficiary” shall mean any person designated by a Participant as described in Section IX of the Plan. 
 “Board” shall mean the Board of Directors of Third Federal or a committee serving at the pleasure of the Board. 
 “Change in Control” shall mean as a result of, or in connection with, any cash tender offer, merger or other business combination, sale of
assets or combination of the foregoing, the persons who were directors of Third Federal immediately preceding such event, cease to constitute a majority of the directors of Third Federal. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended, or as it may be amended from time to time. 
 “Compensation” shall mean the Associate’s base salary, including any compensation deferred (under this Plan or any other non-qualified plan
of deferred compensation), arising out of and during the Associate’s employment with Third Federal or a Related Entity. 
 “Disability” shall mean a condition in which the Participant is: (a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in
death, or last for a continuous period of not less than twelve (12) months; or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a 

 
continuous period of not less than twelve (12) months, is receiving income replacement benefits for a period of not less than three (3) months
under an accident and health plan covering associates of Third Federal. 
 “Distribution Event” shall mean a separation from service
due to death, Disability, normal retirement or separation of service. 
 “Effective Date” shall be January 1,2006. 

“Effective Date of Change in Control” shall mean the date on which the Board approves one or more of the events causing a Change in Control.

 “Executive Benefit Liability Account” shall mean a ledger account as described in Section IV of the Plan. 
 “Normal Retirement Age” shall be age sixty-five (65). 
 “Participant(s)” shall have the meaning set forth in Section III of the Plan. 
 “Pension
Plan” shall mean the Third Federal Savings Retirement Plan dated July 1, 1996. 
 “Plan” shall mean the Third Federal
Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan III. 
 “Plan Year” shall mean the calendar
year. 
 “Related Entity” shall include Third Federal and other entities as designated from time to time by the Board. 

“Required Annual Contribution” shall mean the contribution set forth in Section IV of the Plan. 
 “Third Federal” shall mean Third Federal Savings and Loan Association MHC and its Subsidiaries 
 “Year of Service” shall mean the twelve (12) month consecutive period during which a Participant has provided one thousand (1,000) or
more hours of service to Third Federal and/or a Related Entity. For purposes of this definition, hours of service shall be based on the actual number of hours for which a Participant is paid or is entitled to be paid. 
  

	III.	ELIGIBILITY 

 Eligibility to participate in
the Plan is limited to Associates who are designated by the Board or a committee serving at the pleasure of the Board. Associates designated by the Board to participate in the Plan are referred to as “Participants.” 

	IV.	ADMINISTRATION 

 The Plan shall be
administered by the Board. The Board shall have full power and authority to interpret, construe, and administer the Plan in its sole discretion, and the Board’s interpretation and construction thereof, and determinations and actions thereunder,
including with respect to Required Annual Contributions, Executive Benefit Liability Accounts, Rabbi Trust, or property held by the Rabbi Trust or the amount or recipient of the payment to be made therefrom, shall be binding and conclusive on all
persons for all purposes. No member of the Board shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Plan unless attributable to his/her own willful misconduct or lack of
good faith. 
  

	V.	BENEFITS 

 Required Annual Contributions.
At the end of each calendar quarter, Third Federal shall credit to the Executive Benefit Liability Account established for each Participant by Third Federal for such Plan Year, fifteen percent (15%) of the Participant’s Compensation
for such calendar quarter. 
 Executive Benefit Liability Account. For each Plan Year, Third Federal shall establish and maintain a
ledger account (the “Executive Benefit Liability Account”) for each Participant. The Required Annual Contributions for each Plan Year shall be allocated to the Executive Benefit Liability Account established for such Plan Year. 

Distribution Election. Each Participant shall elect on a Distribution Election Form (in the form attached hereto) prior to the beginning of each
Plan Year the distribution form for the amount credited to the Executive Benefit Liability Account established for the Participant for such Plan Year. The election is irrevocable after the beginning of the Plan Year. If any Participant fails to make
an election on a Distribution Election Form with respect to a Plan Year, the election made by the Participant on the most recent Distribution Election Form with respect to an earlier Plan Year shall govern, and if the Participant has no Distribution
Election Form in effect, the distribution form shall be a Lump Sum Payment of the Executive Benefit Liability Account within 30 days of the Distribution Event. 
 Earnings of Executive Benefit Liability Account. The Board may offer investment options from which a Participant may select, in the manner prescribed by the Board, for the purpose of determining the earnings to
be credited to Participant’s Executive Benefit Liability Account. If the Board does not offer investment options, or the Participant does not elect to participate in the deemed investment options, at the end of each calendar quarter, Third
Federal will credit the Executive Benefit Liability Account with earnings at the rate of 10 Year Treasury Bonds as published on January 1st of the Plan Year. 

	VI.	Distributions 

 If a Participant incurs a
Distribution Event, payment of the Participant’s balance in his Executive Benefit Liability Accounts shall be made or commence to him within thirty (30) days following the Distribution Event in the form elected by the Participant on the
Distribution Election Form in effect with respect to each such Executive Benefit Liability Account. 
 If there is a Change in Control, any
affected Participant having a balance in a deferred Executive Benefit Liability Account shall be paid the vested accrued amounts within thirty (30) days from the Effective Date of Change in Control in the form elected by the Participant.

 For purposes of this section, an “affected” Participant in the event of a Change in Control is all Participants for such Plan
Year. 
  

	VII.	Rabbi Trust Provisions 

 Third Federal may in
its sole discretion establish one or more Rabbi Trusts to provide a source of payment for its obligations under the Plan and such trust shall be permitted to hold cash or other assets to the extent of Third Federal’s obligations hereunder;
provided, however, that the assets or the trust may not be located or transferred outside of the United States. Third Federal may, but is not required to utilize a single Rabbi Trust with respect to its obligations to Participants. 
 Claims of Third Federal’s Creditors. All assets held by any Rabbi Trust created hereunder and all distributions to be made by any trustee
pursuant to this Section of the Plan and any Rabbi Trust Agreement shall be subject to the claims of general creditors of Third Federal, including judgment creditors and bankruptcy creditors. The rights of the Participant or his or her beneficiaries
in or to any assets of the trust shall be no greater than the rights of an unsecured creditor of Third Federal. 
 Notification of
Insolvency. In the event Third Federal becomes insolvent, the Chief Executive Officer and Chairman of the Board of Third Federal shall immediately notify the trustees of all Rabbi Trusts created under this section. The trustees shall make no
distributions to any Participant or any beneficiary from any assets held in a Rabbi Trust pursuant to the Plan after such notification is received or at any time after the trustee has actual knowledge that Third Federal is insolvent. Under any such
circumstance, the trustee shall dispose of property held in the Rabbi Trust pursuant to the Plan only as a court of competent jurisdiction may direct. For purposes of this Plan, Third Federal shall be deemed “insolvent” by the trustee if
Third Federal is subject to a pending voluntary or involuntary proceeding as a debtor under the United States Bankruptcy Code, as the same may be amended from time to time, whether or not Third Federal has provided the trustee with the notification
required by this Section or if the trustee has been notified pursuant to this section that Third Federal is insolvent. 

	VIII. 	Vesting 

 Each Participant shall vest in the
Participant’s Executive Benefit Liability Accounts after completion of five Years of Service. If a Participant has already completed five Years of Service as of the Effective Date, the Participant is immediately vested in 100% of the
Participant’s Executive Benefit Liability Accounts. 
  

	IX.	Beneficiary Designation 

 Executive
Benefit Liability Account Beneficiary Designation. Each Participant shall have the right, at any time to designate any person or persons as his Beneficiary or Beneficiaries (both primary and contingent) to receive the vested balance of the
Participant’s Executive Benefit Liability Accounts within thirty (30) days, in the event of death prior to another Distribution Event with respect to the Participant. 
 Amendments. Any Beneficiary Designation may be changed by a Participant without the consent of any designated Beneficiary by the filing of a new
Beneficiary Designation with the Administrator. The filing of a new Beneficiary Designation form will cancel all Beneficiary Designations previously filed. 
 No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, or if the Beneficiary designated by a deceased Participant predeceases the Participant, the
Administrator shall effect the transfer of the Executive Benefit Liability Accounts as follows: 
  

	 	a.	To the Participant’s surviving spouse, if any; or 

  

	 	b.	If the Participant shall have no surviving spouse; then to the Participant’s children, if any in equal shares by right of representation; or 

  

	 	c.	If the Participant shall have no surviving spouse or children, then to the Participant’s estate. 

 Death of Beneficiary. Following transfer of a Participant’s Executive Benefit Liability Account to a Beneficiary, if the Beneficiary
designated by the deceased Participant dies before the completed transfer of Participant’s Executive Benefit Liability Accounts to him or her, the Administrator shall effect the transfer of any remaining portion of the Participant’s
Executive Benefit Liability Accounts as follows: 
  

	 	a.	As designated by the Beneficiary in a written form prescribed by the Administrator, which is effective only if filed with the Administrator during the Beneficiary’s lifetime;
or 

  

	 	b.	If the Beneficiary shall not have made such designation, then to the Beneficiary’s estate. 

	X.	Claims Procedure. 

 Claim. Any person
making a claim under the plan, requesting an interpretation or ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Administrator who shall respond in writing as soon as practicable. 

Denial of Claim. If the claim or request is denied, the written notice of denial shall be made within ninety (90) days of the date of
receipt of such claim or request by the Administrator shall state: 
  

	 	a.	The reason for denial, with specific reference to the Plan provision on which the denial is based; 

  

	 	b.	A description of an additional material or information required and an explanation of why it is necessary; and 

  

	 	c.	An explanation of the Plan’s claim review process. 

 Review of Claim. Any person whose claim or request is denied or who has not received a response within ninety (90) days may request review by notice given in writing to the Administrator within sixty (60) days of receiving
a response or one hundred-fifty (150) days from the date the claim was received by the Administrator. The claim or request shall be reviewed by the Administrator who may, but shall not be required to, grant the claimant a hearing. On review,
the claimant may have representation, examine pertinent documents and submit issues and comments in writing. 
 Final Decision. The
decision on review shall normally be made within sixty (60) days after the Administrator’s receipt of a request for review. If an extension of time is required for a hearing or other special circumstances, the claimant shall be notified
and the time limit shall be one hundred-twenty (120) days after the Administrator’s receipt of a request for review. The decision shall be in writing and shall state the reasons and relevant Plan provision. All decisions on review shall be
final and bind all parties concerned. 
  

	XI.	Amendment or Termination of the Plan 

 The
Board may, at any time, terminate or amend the Plan (in whole or in part) or adopt a successor plan, provided, however, that no termination or amendment shall be effective to decrease or restrict any vested account balances in the Executive Benefit
Liability Accounts, or portions thereof, accrued under the Plan prior to the amendment or termination. 

	XII.	Miscellaneous 

 Participant Cooperation.
A Participant will cooperate with Third Federal, the Administrator and any designees by furnishing any and all information requested in order to facilitate the granting and disbursement of the Executive Benefit Liability Accounts hereunder and
such other action as may be requested. 
 Terms. Whenever any words are used herein in the masculine, they shall be construed as though
they were used in the feminine in all cases where they would so apply; and wherever any words are used herein in the singular or plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases
where they would so apply. 
 Captions. The captions of articles, sections, and paragraphs of the Plan are for convenience only and
shall not control or affect the meaning or construction of any of its provisions. 
 Governing Law. This agreement shall be deemed to
apply, be governed by and construed and enforced in accordance with the laws of the State of Ohio and all applicable Federal laws and regulations. 
 Validity. In case any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Plan shall be construed and enforced as if such illegal
and invalid provision had never been inserted herein. 
 Notice. Any notice or filing required or permitted to be given to the
Administrator under the Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail to the Administrator or his designee. Such notice shall be deemed given as the date of delivery or, if delivery is made by
mail, as of three (3) days following the date shown on the postmark or on the receipt for registration or certification. 
 Successors. The provisions of this Plan shall bind and inure to the benefit of Third Federal and its successors and assigns. 
 Rounding. The results of any and all calculations provided for in the Plan shall be rounded to the next highest whole dollar amount. 

 Liability of Third Federal. This Plan shall not be construed to (i) give any Associate or
Participant accrued amounts in the Executive Benefit Liability Account, other than in the sole discretion of the Board; (ii) limit in any way the right of Third Federal, the Association or a Related Entity to terminate the employment of any
Associate or Participant at anytime, or (iii) be evidence of any agreement or understanding, expressed or implied, that Third Federal, the Association, or a Related Entity will employ any Associate or Participant in any particular position or at any
particular rate of remuneration or for any particular period of time. 
 Merger or Consolidation. In the event of liquidation or
dissolution of Third Federal, sale of substantially all of the assets of Third Federal, or the merger or consolidation in which Third Federal is not the survivor, all accrued amounts in the Executive Benefit Liability Account granted hereunder shall
become fully vested immediately upon the Effective Date of Change in Control as defined in Section II. 
 IN WITNESS WHEREOF, and
pursuant to a resolution of the Board of Directors, the undersigned has caused this instrument to be executed by its duly authorized officer. 
  

									
	 ATTEST:
	 		 	Third Federal Savings and Loan Association of Cleveland, MHC
				
	 /s/ Jodi A. Hajduk
	 		 	 By:
	 	 /s/ David S. Huffman

		 		 		 		 	CFO
		 		 		 		 	(Title)

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN III 
 DISTRIBUTION ELECTION FORM 
 I,
                                        ,
an Associate pursuant to the Third Federal Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan III (the “Plan”), hereby elect that, upon the occurrence of a Distribution Event, as defined in Section II of
the Plan (i.e., Change in Control, death, disability, separation from service), the amounts accrued and vested in my Executive Benefit Liability Account shall be distributed to me as follows: 
                      Lump-sum payment of
Executive Benefit Liability Account within 30 days of Distribution Event. 
                      Payment of Executive Benefit Liability Account pro-rata consisting of ten (10) annual installments commencing 30
days after Distribution Event. 
                      Payment of Executive Benefit Liability Account annually as a straight life annuity commencing 30 days after
Distribution Event. 
 I also acknowledge that this election is irrevocable after the start of the Plan Year to which it relates, and that it will apply with
respect to subsequent Plan Years unless I file a new election prior to the beginning of any such subsequent Plan Year. 
  

			
	
	  
	 [Participant Signature]

		
	 Date:
	 	  

 THIRD FEDERAL SAVINGS & LOAN ASSOCIATION 
 MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN IV 
 Effective January 1, 2006 

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN IV 
  

	I.	PURPOSE OF PLAN 

 This plan is designed
solely for the purpose of providing benefits to certain Associates of Third Federal which would have been payable under the Pension Plan but for the limitations placed on benefits by Sections 401(a)(17) and 415 of the Code. 
  

	II.	DEFINITIONS 

 “Administrator” shall
mean the Administrator appointed by the Board to administer the Plan. 
 “Associate” shall mean Ralph Betters. 
 “Beneficiary” shall mean any person designated by a Participant as described in Section IX of the Plan. 
 “Board” shall mean the Board of Directors of Third Federal or a committee serving at the pleasure of the Board. 
 “Change in Control” shall mean as a result of, or in connection with, any cash tender offer, merger or other business combination, sale of
assets or combination of the foregoing, the persons who were directors of Third Federal immediately preceding such event, cease to constitute a majority of the directors of Third Federal. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended, or as it may be amended from time to time. 
 “Compensation” shall mean the Associate’s base salary, including any compensation deferred (under this Plan or any other non-qualified plan
of deferred compensation), arising out of and during the Associate’s employment with Third Federal or a Related Entity. 
 “Disability” shall mean a condition in which the Participant is: (a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in
death, or last for a continuous period of not less than twelve (12) months; or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less
than twelve (12) months, is receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering associates of Third Federal. 

 “Distribution Event” shall mean a separation from service due to death, Disability, normal
retirement or separation of service. 
 “Effective Date” shall be January 1, 2006. 
 “Effective Date of Change in Control” shall mean the date on which the Board approves one or more of the events causing a Change in Control.

 “Executive Benefit Liability Account” shall mean a ledger account as described in Section IV of the Plan. 
 “Normal Retirement Age” shall be age sixty-five (65). 
 “Participant(s)” shall have the meaning set forth in Section III of the Plan. 
 “Pension
Plan” shall mean the Third Federal Savings Retirement Plan dated July 1, 1996. 
 “Plan” shall mean the Third Federal
Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan IV. 
 “Plan Year” shall mean the calendar year.

 “Related Entity” shall include Third Federal and other entities as designated from time to time by the Board. 
 “Required Annual Contribution” shall mean the contribution set forth in Section IV of the Plan. 
 “Third Federal” shall mean Third Federal Savings and Loan Association MHC and its Subsidiaries. 
 “Year of Service” shall mean the twelve (12) month consecutive period during which a Participant has provided one thousand (1,000) or
more hours of service to Third Federal and/or a Related Entity. For purposes of this definition, hours of service shall be based on the actual number of hours for which a Participant is paid or is entitled to be paid. 
  

	III.	ELIGIBILITY 

 Eligibility to participate in
the Plan is limited to Associates who are designated by the Board or a committee serving at the pleasure of the Board. Associates designated by the Board to participate in the Plan are referred to as “Participants.” 

	IV.	ADMINISTRATION 

 The Plan shall be
administered by the Board. The Board shall have full power and authority to interpret, construe, and administer the Plan in its sole discretion, and the Board’s interpretation and construction thereof, and determinations and actions thereunder,
including with respect to Required Annual Contributions, Executive Benefit Liability Accounts, Rabbi Trust, or property held by the Rabbi Trust or the amount or recipient of the payment to be made therefrom, shall be binding and conclusive on all
persons for all purposes. No member of the Board shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Plan unless attributable to his/her own willful misconduct or lack of
good faith. 
  

	V.	BENEFITS 

 Required Annual
Contributions. At the end of each calendar quarter, Third Federal shall credit to the Executive Benefit Liability Account established for each Participant by Third Federal for such Plan Year, fifteen percent (15%) of the Participant’s
Compensation for such calendar quarter. 
 Executive Benefit Liability Account. For each Plan Year, Third Federal shall establish and
maintain a ledger account (the “Executive Benefit Liability Account”) for each Participant The Required Annual Contributions for each Plan Year shall be allocated to the Executive Benefit Liability Account established for such Plan Year.

 Distribution Election. Each Participant shall elect on a Distribution Election Form (in the form attached hereto) prior to the
beginning of each Plan Year the distribution form for the amount credited to the Executive Benefit Liability Account established for the Participant for such Plan Year. The election is irrevocable after the beginning of the Plan Year. If any
Participant fails to make an election on a Distribution Election Form with respect to a Plan Year, the election made by the Participant on the most recent Distribution Election Form with respect to an earlier Plan Year shall govern, and if the
Participant has no Distribution Election Form in effect, the distribution form shall be a Lump Sum Payment of the Executive Benefit Liability Account within 30 days of the Distribution Event. 
 Earnings of Executive Benefit Liability Account. The Board may offer investment options from which a Participant may select, in the manner
prescribed by the Board, for the purpose of determining the earnings to be credited to Participant’s Executive Benefit Liability Account. If the Board does not offer investment options, or the Participant does not elect to participate in the
deemed investment options, at the end of each calendar quarter, Third Federal will credit the Executive Benefit Liability Account with earnings at the rate of 10 Year Treasury Bonds as published on January 1st of the Plan Year. 

	VI.	Distributions 

 If a Participant incurs a
Distribution Event, payment of the Participant’s balance in his Executive Benefit Liability Accounts shall be made or commence to him within thirty (30) days following the Distribution Event in the form elected by the Participant on the
Distribution Election Form in effect with respect to each such Executive Benefit Liability Account. 
 If there is a Change in Control, any
affected Participant having a balance in a deferred Executive Benefit Liability Account shall be paid the vested accrued amounts within thirty (30) days from the Effective Date of Change in Control in the form elected by the Participant.

 For purposes of this section, an “affected” Participant in the event of a Change in Control is all Participants for such Plan
Year. 
  

	VII.	Rabbi Trust Provisions 

 Third Federal may in
its sole discretion establish one or more Rabbi Trusts to provide a source of payment for its obligations under the Plan and such trust shall be permitted to hold cash or other assets to the extent of Third Federal’s obligations hereunder;
provided, however, that the assets or the trust may not be located or transferred outside of the United States. Third Federal may, but is not required to utilize a single Rabbi Trust with respect to its obligations to Participants. 
 Claims of Third Federal’s Creditors. All assets held by any Rabbi Trust created hereunder and all distributions to be made by any trustee
pursuant to this Section of the Plan and any Rabbi Trust Agreement shall be subject to the claims of general creditors of Third Federal, including judgment creditors and bankruptcy creditors. The rights of the Participant or his or her beneficiaries
in or to any assets of the trust shall be no greater than the rights of an unsecured creditor of Third Federal. 
 Notification of
Insolvency. In the event Third Federal becomes insolvent, the Chief Executive Officer and Chairman of the Board of Third Federal shall immediately notify the trustees of all Rabbi Trusts created under this section. The trustees shall make no
distributions to any Participant or any beneficiary from any assets held in a Rabbi Trust pursuant to the Plan after such notification is received or at any time after the trustee has actual knowledge that Third Federal is insolvent. Under any such
circumstance, the trustee shall dispose of property held in the Rabbi Trust pursuant to the Plan only as a court of competent jurisdiction may direct. For purposes of this Plan, Third Federal shall be deemed “insolvent” by the trustee if
Third Federal is subject to a pending voluntary or involuntary proceeding as a debtor under the United States Bankruptcy Code, as the same may be amended from time to time, whether or not Third Federal has provided the trustee with the notification
required by this Section or if the trustee has been notified pursuant to this section that Third Federal is insolvent. 

	VIII. 	Vesting 

 Each Participant shall vest in the
Participant’s Executive Benefit Liability Accounts after completion of five Years of Service. If a Participant has already completed five Years of Service as of the Effective Date, the Participant is immediately vested in 100% of the
Participant’s Executive Benefit Liability Accounts. 
  

	IX.	Beneficiary Designation 

 Executive
Benefit Liability Account Beneficiary Designation. Each Participant shall have the right, at any time to designate any person or persons as his Beneficiary or Beneficiaries (both primary and contingent) to receive the vested balance of the
Participant’s Executive Benefit Liability Accounts within thirty (30) days, in the event of death prior to another Distribution Event with respect to the Participant. 
 Amendments. Any Beneficiary Designation may be changed by a Participant without the consent of any designated Beneficiary by the filing of a new
Beneficiary Designation with the Administrator. The filing of a new Beneficiary Designation form will cancel all Beneficiary Designations previously filed. 
 No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, or if the Beneficiary designated by a deceased Participant predeceases the Participant, the
Administrator shall effect the transfer of the Executive Benefit Liability Accounts as follows: 
  

	 	a.	To the Participant’s surviving spouse, if any; or 

  

	 	b.	If the Participant shall have no surviving spouse; then to the Participant’s children, if any in equal shares by right of representation; or 

  

	 	c.	If the Participant shall have no surviving spouse or children, then to the Participant’s estate. 

 Death of Beneficiary. Following transfer of a Participant’s Executive Benefit Liability Account to a Beneficiary, if the Beneficiary
designated by the deceased Participant dies before the completed transfer of Participant’s Executive Benefit Liability Accounts to him or her, the Administrator shall effect the transfer of any remaining portion of the Participant’s
Executive Benefit Liability Accounts as follows: 
  

	 	a.	As designated by the Beneficiary in a written form prescribed by the Administrator, which is effective only if filed with the Administrator during the Beneficiary’s lifetime;
or 

  

	 	b.	If the Beneficiary shall not have made such designation, then to the Beneficiary’s estate. 

	X.	Claims Procedure. 

 Claim. Any person
making a claim under the plan, requesting an interpretation or ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Administrator who shall respond in writing as soon as practicable. 

Denial of Claim. If the claim or request is denied, the written notice of denial shall be made within ninety (90) days of the date of
receipt of such claim or request by the Administrator shall state: 
  

	 	a.	The reason for denial, with specific reference to the Plan provision on which the denial is based; 

  

	 	b.	A description of an additional material or information required and an explanation of why it is necessary; and 

  

	 	c.	An explanation of the Plan’s claim review process. 

 Review of Claim. Any person whose claim or request is denied or who has not received a response within ninety (90) days may request review by notice given in writing to the Administrator within sixty (60) days of receiving
a response or one hundred-fifty (150) days from the date the claim was received by the Administrator. The claim or request shall be reviewed by the Administrator who may, but shall not be required to, grant the claimant a hearing. On review,
the claimant may have representation, examine pertinent documents and submit issues and comments in writing. 
 Final Decision. The
decision on review shall normally be made within sixty (60) days after the Administrator’s receipt of a request for review. If an extension of time is required for a hearing or other special circumstances, the claimant shall be notified
and the time limit shall be one hundred-twenty (120) days after the Administrator’s receipt of a request for review. The decision shall be in writing and shall state the reasons and relevant Plan provision. All decisions on review shall be
final and bind all parties concerned. 
  

	XI.	Amendment or Termination of the Plan 

 The
Board may, at any time, terminate or amend the Plan (in whole or in part) or adopt a successor plan, provided, however, that no termination or amendment shall be effective to decrease or restrict any vested account balances in the Executive Benefit
Liability Accounts, or portions thereof, accrued under the Plan prior to the amendment or termination. 

	XII.	Miscellaneous 

 Participant
Cooperation. A Participant will cooperate with Third Federal, the Administrator and any designees by furnishing any and all information requested in order to facilitate the granting and disbursement of the Executive Benefit Liability Accounts
hereunder and such other action as may be requested. 
 Terms. Whenever any words are used herein in the masculine, they shall be
construed as though they were used in the feminine in all cases where they would so apply; and wherever any words are used herein in the singular or plural, they shall be construed as though they were used in the plural or the singular, as the case
may be, in all cases where they would so apply. 
 Captions. The captions of articles, sections, and paragraphs of the Plan are for
convenience only and shall not control or affect the meaning or construction of any of its provisions. 
 Governing Law. This agreement
shall be deemed to apply, be governed by and construed and enforced in accordance with the laws of the State of Ohio and all applicable Federal laws and regulations. 
 Validity. In case any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Plan shall be construed and
enforced as if such illegal and invalid provision had never been inserted herein. 
 Notice. Any notice or filing required or permitted
to be given to the Administrator under the Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail to the Administrator or his designee. Such notice shall be deemed given as the date of delivery or, if
delivery is made by mail, as of three (3) days following the date shown on the postmark or on the receipt for registration or certification. 
 Successors. The provisions of this Plan shall bind and inure to the benefit of Third Federal and its successors and assigns. 
 Rounding. The results of any and all calculations provided for in the Plan shall be rounded to the next highest whole dollar amount. 
 Liability of Third Federal. This Plan shall not be construed to (i) give any Associate or Participant accrued amounts in the Executive Benefit Liability Account, other than in the sole discretion of the Board; (ii) limit in
any way the right of Third Federal, the Association or a Related Entity to terminate the employment of any Associate or Participant at anytime, or (iii) be evidence of any agreement or understanding, expressed or implied, that Third Federal, the
Association, or a Related Entity will employ any Associate or Participant in any particular position or at any particular rate of remuneration or for any particular period of time. 

 Merger or Consolidation. In the event of liquidation or dissolution of Third Federal, sale of
substantially all of the assets of Third Federal, or the merger or consolidation in which Third Federal is not the survivor, all accrued amounts in the Executive Benefit Liability Account granted hereunder shall become fully vested immediately upon
the Effective Date of Change in Control as defined in Section II. 
 IN WITNESS WHEREOF, and pursuant to a resolution of the Board of
Directors, the undersigned has caused this instrument to be executed by its duly authorized officer. 
  

									
	 ATTEST:
	 		 	Third Federal Savings and Loan Association of Cleveland, MHC
				
	 /s/ Jodi A. Hajduk
	 		 	 By:
	 	 /s/ Marianne Piterans

		 		 		 		 	Director of Human Resources
		 		 		 		 	(Title)

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN IV 
 DISTRIBUTION ELECTION FORM 
 I,
                                        ,
an Associate pursuant to the Third Federal Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan IV (the “Plan”), hereby elect that, upon the occurrence of a Distribution Event, as defined in Section II of the
Plan (i.e., Change in Control, death disability, separation from service), the amounts accrued and vested in my Executive Benefit Liability Account shall be distributed to me as follows: 
                      Lump-sum payment of
Executive Benefit Liability Account within 30 days of Distribution Event. 
                      Payment of Executive Benefit Liability Account pro-rata consisting often (10) annual installments commencing 30
days after Distribution Event. 
                      Payment of Executive Benefit Liability Account annually as a straight life annuity commencing 30 days after
Distribution Event. 
 I also acknowledge that this election is irrevocable after the start of the Plan Year to which it relates, and that it will apply with
respect to subsequent Plan Years unless I file a new election prior to the beginning of any such subsequent Plan Year. 
  

			
	
	  
	 [Participant Signature]

		
	 Date:
	 	  

 THIRD FEDERAL SAVINGS & LOAN ASSOCIATION 
 MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN V 
 Effective January 1, 2006 

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN V 
  

	I.	PURPOSE OF PLAN 

 This plan is designed
solely for the purpose of providing benefits to certain Associates of Third Federal which would have been payable under the Pension Plan but for the limitations placed on benefits by Sections 401(a)(17) and 415 of the Code. 
  

	II.	DEFINITIONS 

 “Administrator” shall
mean the Administrator appointed by the Board to administer the Plan. 
 “Associate” shall mean David Huffman. 
 “Beneficiary” shall mean any person designated by a Participant as described in Section IX of the Plan. 
 “Board” shall mean the Board of Directors of Third Federal or a committee serving at the pleasure of the Board. 
 “Change in Control” shall mean as a result of, or in connection with, any cash tender offer, merger or other business combination, sale of
assets or combination of the foregoing, the persons who were directors of Third Federal immediately preceding such event, cease to constitute a majority of the directors of Third Federal. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended, or as it may be amended from time to time. 
 “Compensation” shall mean the Associate’s base salary, including any compensation deferred (under this Plan or any other non-qualified plan
of deferred compensation), arising out of and during the Associate’s employment with Third Federal or a Related Entity. 
 “Disability” shall mean a condition in which the Participant is: (a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in
death, or last for a continuous period of not less than twelve (12) months; or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less
than twelve (12) months, is receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering associates of Third Federal. 

 “Distribution Event” shall mean a separation from service due to death, Disability, normal
retirement or separation of service. 
 “Effective Date” shall be January 1, 2006. 
 “Effective Date of Change in Control” shall mean the date on which the Board approves one or more of the events causing a Change in Control.

 “Executive Benefit Liability Account” shall mean a ledger account as described in Section IV of the Plan. 
 “Normal Retirement Age” shall be age sixty-five (65). 
 “Participant(s)” shall have the meaning set forth in Section III of the Plan. 
 “Pension
Plan” shall mean the Third Federal Savings Retirement Plan dated July 1, 1996. 
 “Plan” shall mean the Third Federal
Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan V. 
 “Plan Year” shall mean the calendar year.

 “Related Entity” shall include Third Federal and other entities as designated from time to time by the Board. 
 “Required Annual Contribution” shall mean the contribution set forth in Section IV of the Plan. 
 “Third Federal” shall mean Third Federal Savings and Loan Association MHC and its Subsidiaries. 
 “Year of Service” shall mean the twelve (12) month consecutive period during which a Participant has provided one thousand (1,000) or
more hours of service to Third Federal and/or a Related Entity. For purposes of this definition, hours of service shall be based on the actual number of hours for which a Participant is paid or is entitled to be paid. 
  

	III.	ELIGIBILITY 

 Eligibility to participate in
the Plan is limited to Associates who are designated by the Board or a committee serving at the pleasure of the Board. Associates designated by the Board to participate in the Plan are referred to as “Participants.” 

	IV.	ADMINISTRATION 

 The Plan shall be
administered by the Board. The Board shall have full power and authority to interpret, construe, and administer the Plan in its sole discretion, and the Board’s interpretation and construction thereof, and determinations and actions thereunder,
including with respect to Required Annual Contributions, Executive Benefit Liability Accounts, Rabbi Trust, or property held by the Rabbi Trust or the amount or recipient of the payment to be made therefrom, shall be binding and conclusive on all
persons for all purposes. No member of the Board shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Plan unless attributable to his/her own willful misconduct or lack of
good faith. 
  

	V.	BENEFITS 

 Required Annual
Contributions. At the end of each calendar quarter, Third Federal shall credit to the Executive Benefit Liability Account established for each Participant by Third Federal for such Plan Year, fifteen percent (15%) of the Participant’s
Compensation for such calendar quarter. 
 Executive Benefit Liability Account. For each Plan Year, Third Federal shall establish and
maintain a ledger account (the “Executive Benefit Liability Account”) for each Participant. The Required Annual Contributions for each Plan Year shall be allocated to the Executive Benefit Liability Account established for such Plan Year.

 Distribution Election. Each Participant shall elect on a Distribution Election Form (in the form attached hereto) prior to the
beginning of each Plan Year the distribution form for the amount credited to the Executive Benefit Liability Account established for the Participant for such Plan Year. The election is irrevocable after the beginning of the Plan Year. If any
Participant fails to make an election on a Distribution Election Form with respect to a Plan Year, the election made by the Participant on the most recent Distribution Election Form with respect to an earlier Plan Year shall govern, and if the
Participant has no Distribution Election Form in effect, the distribution form shall be a Lump Sum Payment of the Executive Benefit Liability Account within 30 days of the Distribution Event. 
 Earnings of Executive Benefit Liability Account. The Board may offer investment options from which a Participant may select, in the manner
prescribed by the Board, for the purpose of determining the earnings to be credited to Participant’s Executive Benefit Liability Account. If the Board does not offer investment options, or the Participant does not elect to participate in the
deemed investment options, at the end of each calendar quarter, Third Federal will credit the Executive Benefit Liability Account with earnings at the rate of 10 Year Treasury Bonds as published on January 1st of the Plan Year. 

	VI.	Distributions 

 If a Participant incurs a
Distribution Event, payment of the Participant’s balance in his Executive Benefit Liability Accounts shall be made or commence to him within thirty (30) days following the Distribution Event in the form elected by the Participant on the
Distribution Election Form in effect with respect to each such Executive Benefit Liability Account. 
 If there is a Change in Control, any
affected Participant having a balance in a deferred Executive Benefit Liability Account shall be paid the vested accrued amounts within thirty (30) days from the Effective Date of Change in Control in the form elected by the Participant.

 For purposes of this section, an “affected” Participant in the event of a Change in Control is all Participants for such Plan
Year. 
  

	VII.	Rabbi Trust Provisions 

 Third Federal may in
its sole discretion establish one or more Rabbi Trusts to provide a source of payment for its obligations under the Plan and such trust shall be permitted to hold cash or other assets to the extent of Third Federal’s obligations hereunder,
provided, however, that the assets or the trust may not be located or transferred outside of the United States. Third Federal may, but is not required to utilize a single Rabbi Trust with respect to its obligations to Participants. 
 Claims of Third Federal’s Creditors. All assets held by any Rabbi Trust created hereunder and all distributions to be made by any trustee
pursuant to this Section of the Plan and any Rabbi Trust Agreement shall be subject to the claims of general creditors of Third Federal, including judgment creditors and bankruptcy creditors. The rights of the Participant or his or her beneficiaries
in or to any assets of the trust shall be no greater than the rights of an unsecured creditor of Third Federal. 
 Notification of
Insolvency. In the event Third Federal becomes insolvent, the Chief Executive Officer and Chairman of the Board of Third Federal shall immediately notify the trustees of all Rabbi Trusts created under this section. The trustees shall make no
distributions to any Participant or any beneficiary from any assets held in a Rabbi Trust pursuant to the Plan after such notification is received or at any time after the trustee has actual knowledge that Third Federal is insolvent. Under any such
circumstance, the trustee shall dispose of property held in the Rabbi Trust pursuant to the Plan only as a court of competent jurisdiction may direct. For purposes of this Plan, Third Federal shall be deemed “insolvent” by the trustee if
Third Federal is subject to a pending voluntary or involuntary proceeding as a debtor under the United States Bankruptcy Code, as the same may be amended from time to time, whether or not Third Federal has provided the trustee with the notification
required by this Section or if the trustee has been notified pursuant to this section that Third Federal is insolvent. 

	VIII. 	Vesting 

 Each Participant shall vest in the
Participant’s Executive Benefit Liability Accounts after completion of five Years of Service. If a Participant has already completed five Years of Service as of the Effective Date, the Participant is immediately vested in 100% of the
Participant’s Executive Benefit Liability Accounts. 
  

	IX.	Beneficiary Designation 

 Executive
Benefit Liability Account Beneficiary Designation. Each Participant shall have the right, at any time to designate any person or persons as his Beneficiary or Beneficiaries (both primary and contingent) to receive the vested balance of the
Participant’s Executive Benefit Liability Accounts within thirty (30) days, in the event of death prior to another Distribution Event with respect to the Participant. 
 Amendments. Any Beneficiary Designation may be changed by a Participant without the consent of any designated Beneficiary by the filing of a new
Beneficiary Designation with the Administrator. The filing of a new Beneficiary Designation form will cancel all Beneficiary Designations previously filed. 
 No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, or if the Beneficiary designated by a deceased Participant predeceases the Participant, the
Administrator shall effect the transfer of the Executive Benefit Liability Accounts as follows: 
  

	 	a.	To the Participant’s surviving spouse, if any; or 

  

	 	b.	If the Participant shall have no surviving spouse; then to the Participant’s children, if any in equal shares by right of representation; or 

  

	 	c.	If the Participant shall have no surviving spouse or children, then to the Participant’s estate. 

 Death of Beneficiary. Following transfer of a Participant’s Executive Benefit Liability Account to a Beneficiary, if the Beneficiary
designated by the deceased Participant dies before the completed transfer of Participant’s Executive Benefit Liability Accounts to him or her, the Administrator shall effect the transfer of any remaining portion of the Participant’s
Executive Benefit Liability Accounts as follows: 
  

	 	a.	As designated by the Beneficiary in a written form prescribed by the Administrator, which is effective only if filed with the Administrator during the Beneficiary’s lifetime;
or 

  

	 	b.	If the Beneficiary shall not have made such designation, then to the Beneficiary’s estate. 

	X.	Claims Procedure. 

 Claim. Any person
making a claim under the plan, requesting an interpretation or ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Administrator who shall respond in writing as soon as practicable. 

Denial of Claim. If the claim or request is denied, the written notice of denial shall be made within ninety (90) days of the date of
receipt of such claim or request by the Administrator shall state: 
  

	 	a.	The reason for denial, with specific reference to the Plan provision on which the denial is based; 

  

	 	b.	A description of an additional material or information required and an explanation of why it is necessary; and 

  

	 	c.	An explanation of the Plan’s claim review process. 

 Review of Claim. Any person whose claim or request is denied or who has not received a response within ninety (90) days may request review by notice given in writing to the Administrator within sixty (60) days of receiving
a response or one hundred-fifty (150) days from the date the claim was received by the Administrator. The claim or request shall be reviewed by the Administrator who may, but shall not be required to, grant the claimant a hearing. On review,
the claimant may have representation, examine pertinent documents and submit issues and comments in writing. 
 Final Decision. The
decision on review shall normally be made within sixty (60) days after the Administrator’s receipt of a request for review. If an extension of time is required for a hearing or other special circumstances, the claimant shall be notified
and the time limit shall be one hundred-twenty (120) days after the Administrator’s receipt of a request for review. The decision shall be in writing and shall state the reasons and relevant Plan provision. All decisions on review shall be
final and bind all parties concerned. 
  

	XI.	Amendment or Termination of the Plan 

 The
Board may, at any time, terminate or amend the Plan (in whole or in part) or adopt a successor plan, provided, however, that no termination or amendment shall be effective to decrease or restrict any vested account balances in the Executive Benefit
Liability Accounts, or portions thereof, accrued under the Plan prior to the amendment or termination. 

	XII.	Miscellaneous 

 Participant Cooperation.
A Participant will cooperate with Third Federal, the Administrator and any designees by furnishing any and all information requested in order to facilitate the granting and disbursement of the Executive Benefit Liability Accounts hereunder and
such other action as may be requested. 
 Terms. Whenever any words are used herein in the masculine, they shall be construed as though
they were used in the feminine in all cases where they would so apply; and wherever any words are used herein in the singular or plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases
where they would so apply. 
 Captions. The captions of articles, sections, and paragraphs of the Plan are for convenience only and
shall not control or affect the meaning or construction of any of its provisions. 
 Governing Law. This agreement shall be deemed to
apply, be governed by and construed and enforced in accordance with the laws of the State of Ohio and all applicable Federal laws and regulations. 
 Validity. In case any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Plan shall be construed and enforced as if such illegal
and invalid provision had never been inserted herein. 
 Notice. Any notice or filing required or permitted to be given to the
Administrator under the Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail to the Administrator or his designee. Such notice shall be deemed given as the date of delivery or, if delivery is made by
mail, as of three (3) days following the date shown on the postmark or on the receipt for registration or certification. 
 Successors. The provisions of this Plan shall bind and inure to the benefit of Third Federal and its successors and assigns. 
 Rounding. The results of any and all calculations provided for in the Plan shall be rounded to the next highest whole dollar amount. 
 Liability of Third Federal. This Plan shall not be construed to (i) give any Associate or Participant accrued amounts in the Executive Benefit Liability Account, other than in the sole discretion of the Board; (ii) limit in
any way the right of Third Federal, the Association or a Related Entity to terminate the employment of any Associate or Participant at anytime, or (iii)be evidence of any agreement or understanding, expressed or implied, that Third Federal, the
Association, or a Related Entity will employ any Associate or Participant in any particular position or at any particular rate of remuneration or for any particular period of time. 

 Merger or Consolidation. In the event of liquidation or dissolution of Third Federal, sale of
substantially all of the assets of Third Federal, or the merger or consolidation in which Third Federal is not the survivor, all accrued amounts in the Executive Benefit Liability Account granted hereunder shall become fully vested immediately upon
the Effective Date of Change in Control as defined in Section II. 
 IN WITNESS WHEREOF, and pursuant to a resolution of the Board of
Directors, the undersigned has caused this instrument to be executed by its duly authorized officer. 
  

									
	 ATTEST:
	 		 	Third Federal Savings and Loan Association of Cleveland, MHC
				
	 /s/ Jodi A. Hajduk
	 		 	 By:
	 	 /s/ Marianne Piterans

		 		 		 		 	Director of Human Resources
		 		 		 		 	(Title)

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 EXECUTIVE RETIREMENT BENEFIT PLAN V 
 DISTRIBUTION ELECTION FORM 
 I,
                                       
 , an Associate pursuant to the Third Federal Savings and Loan Association MHC and Subsidiaries Executive Retirement Benefit Plan V (the “Plan”), hereby elect that, upon the occurrence of a Distribution Event, as
defined in Section II of the Plan (i.e., Change in Control, death, disability, separation from service), the amounts accrued and vested in my Executive Benefit Liability Account shall be distributed to me as follows: 
                      Lump-sum payment of
Executive Benefit Liability Account within 30 days of Distribution Event. 
                      Payment of Executive Benefit Liability Account pro-rata consisting of ten (10) annual installments commencing 30
days after Distribution Event. 
                      Payment of Executive Benefit Liability Account annually as a straight life annuity commencing 30 days after
Distribution Event. 
 I also acknowledge that this election is irrevocable after the start of the Plan Year to which it relates, and that it will apply with
respect to subsequent Plan Years unless I file a new election prior to the beginning of any such subsequent Plan Year. 
  

			
	
	  
	 [Participant Signature]

		
	 Date:

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