Document:

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Exhibit 10(d). Directors' 2002 Change In Control Bonus Program

                 DIRECTORS' 2002 CHANGE IN CONTROL BONUS PROGRAM

         Admiralty Bancorp, Inc. (the "Company") implemented a Directors' 2002
Change in Control Bonus Program (the "Program") for all Directors of Admiralty
Bancorp, Inc. and Admiralty Bank (the "Bank"), that will take effect in the
event of a Change in Control (as hereinafter defined) of Admiralty Bancorp, Inc.
or Admiralty Bank.

         I.       DEFINITIONS

                  a.       Change in Control - A "Change in Control" shall mean:

(1)      a reorganization, merger, consolidation or sale of all or substantially
         all of the assets of the Company, or a similar transaction in which the
         shareholders of the Company prior to such transaction cease owning a
         majority of the voting interests in the resulting entity;

(2)      individuals who constitute the Incumbent Board (as herein defined) of
         the Company cease for any reason to constitute a majority thereof;

(3)      the occurrence of any transaction requiring the approval of the Board
         of Governors of the Federal Reserve System under 12 C.F.R. 225.41 et
         seq., except a transaction by any party owning 10% or more of the
         Company's outstanding stock as of the day hereof; or

(4)      an event of a nature that would be required to be reported in response
         to Item 1 of the current report on Form 8-K, as in effect on the date
         hereof, pursuant to Section 13 or 15(d) of the Securities Exchange Act
         of 1934 (the "Exchange Act"); or

(5)      Without limitation, a change in control shall be deemed to have
         occurred at such time as (i) any "person" (as the term is used in
         Section 13(d) and 14(d) of the Exchange Act) other than the Company is
         or becomes a "beneficial owner" (as defined in Rule 13-d under the
         Exchange Act) directly or indirectly, of securities of the Company
         representing 25% or more of the Company's outstanding securities
         ordinarily having the right to vote at the election of directors,
         excluding any securities purchased by Employer's employee stock
         ownership plan and trust, or any other employee benefit plans
         established by Employer from time to time in determining whether such
         person is the beneficial owner of more than 25% of Employer's
         securities; or

(6)      A proxy statement soliciting proxies from stockholders of the Company
         is disseminated by someone other than the current management of the
         Company, seeking stockholder approval of a plan of reorganization,
         merger or consolidation of the Company or similar transaction with one
         or more corporations as a result of which the outstanding shares of the
         class of securities then subject to the plan or transaction are
         exchanged or converted into cash property or securities not issued by
         the Company;

(7)      A tender offer is made for 25% or more of the voting securities of the
         Company and the shareholders owning beneficially or of record 25% or
         more of the out- standing securities of the Company have tendered or
         offered to sell their shares pursuant to such tender offer and such
         tendered shares have been accepted by the tender offeror.

For these purposes, "Incumbent Board" means the Board of Directors of the
Company on the date hereof, provided that any person becoming a director
subsequent to the date

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hereof whose election was approved by a vote of at least three-quarters of the
directors comprising the Incumbent Board, or whose nomination for election by
members or stockholders was approved by the same nominating committee serving
under an Incumbent Board, shall be considered as though he were a member of the
Incumbent Board.

                  b.       Qualifying Event - A "Qualifying Event" is the event
                           described in Section II of this Program.

                  c.       Directors - The "Directors" shall include the
                           Directors of the Company or the Bank who are serving
                           as members of the Board of Directors of either the
                           Company or the Bank at the time of a Change in
                           Control.

                  d.       Change in Control Bonus Payment - A "Change in
                           Control Bonus Payment" is the payment made to a
                           Director under Section III below.

         II.      QUALIFYING EVENTS

                  The following event or action will be a "Qualifying Event": A
Change in Control regardless of whether or not the Director continues his
directorship after the Change in Control.

         III.     CHANGE IN CONTROL BONUS PAYMENT

                  a.       If a Qualifying Event occurs while the Director is
                           serving on the Board of Admiralty Bancorp, Inc. or
                           any of its subsidiaries, the Company shall (or shall
                           cause the Bank), or its legal successor shall, make a
                           $36,000 Change in Control Bonus Payment in cash to
                           the Director except that a Change in Control Bonus
                           Payment of $108,000 in cash will be made to Chairman
                           Mahon. If any Director becomes subject to the excise
                           tax imposed under Section 280 G of the Internal
                           Revenue Code as a result of his compensation from
                           Admiralty Bancorp, Inc. and its subsidiaries during
                           the year in which a Change in Control occurs, the
                           Change in Control Bonus Payment will be increased so
                           that the Director receives net compensation after
                           deduction of the excise taxes that he would have
                           received if he had not been subject to the excise
                           tax.

         IV.      TIMING OF PAYMENT

                  Any Change in Control Payment will be paid in a lump sum, in
cash, simultaneous with the effectiveness of the Change in Control, and will be
subject to all legally mandated withholding (e.g., Federal, State or Local
taxes).

         V.       CONTINUING STATUS

                  This agreement shall not confer upon any Director any right to
continue their service on the Board of Directors of the Company or the Bank.

         VI.      INELIGIBILITY FOR "EMPLOYEE SEVERENCE PROGRAM"

                  Directors are ineligible to receive any benefits under
"Employee Severance Program."

         VII.     MISCELLANEOUS PROVISIONS

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                  a.       Nonexclusive of Rights. Nothing in the Program shall
                           prevent or limit any Participant's continuing or
                           future participation in any benefit, bonus,
                           incentive, retirement or other plan or program
                           provided by Admiralty Bancorp, Inc. or its
                           subsidiaries and for which the Directors Employee may
                           qualify, nor shall anything in the Program limit or
                           reduce such rights as any Director may have under any
                           other agreement with, or plan, program, policy or
                           practice of Admiralty Bancorp, Inc. or its
                           subsidiaries. Amounts which are vested benefits or
                           which a Director is otherwise entitled to receive
                           under any agreement with, or plan, program, policy or
                           practice of, Admiralty Bancorp, Inc. or its
                           subsidiaries shall be payable in accordance with such
                           agreement, plan, program, policy or practice, except
                           as explicitly modified by the Program.

                  b.       Spendthrift Provisions. No Director shall have any
                           transmissible interest in the Program nor shall any
                           Director have any power to anticipate, alienate,
                           dispose of, pledge or encumber the Program, nor shall
                           Admiralty Bancorp, Inc. or its subsidiaries recognize
                           any assignment thereof, either in whole or in part,
                           nor shall the Program be subject to attachment,
                           garnishment, execution following judgment or other
                           legal process.

                  c.       Program Administrator. Admiralty Bank shall be the
                           administrator of the Program.

                  d.       Type of Program. The Program is a Change in Control
                           pay welfare benefit plan. The Program is not an
                           employee pension benefit plan.

         VIII.    LUMP SUM ESCROW DEPOSITS

                  In order to assure the availability of funds to make the
Directors Change in Control Bonus Payments, Admiralty Bank will deposit lump sum
payments in an escrow account pending any anticipated Change in Control. The
funds will be placed in escrow not less than five business days prior to the
anticipated effectiveness of the Change in Control. The funds will remain in the
control of Admiralty Bank and will be distributed to the Directors simultaneous
with the Change in Control.

     ---------------------------------             -----------------------------
     Ward Kellogg, President and CEO               Director
     Admiralty Bancorp, Inc.

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Exhibit 10(e). Senior Management 2002 Change In Control Bonus Program (with
extended benefits)

             SENIOR MANAGEMENT 2002 CHANGE IN CONTROL BONUS PROGRAM

         Admiralty Bancorp, Inc. (the "Company") has implemented a Senior
Management 2002 Change in Control Bonus Program (the "Program") for (Name) (the
Senior Management Employee) that will take effect in the event of a Change in
Control (as hereinafter defined) of Admiralty Bancorp, Inc. or Admiralty Bank.

I.       DEFINITIONS

                  A. Change in Control - A "Change in Control" shall mean:

(1)      a reorganization, merger, consolidation or sale of all or substantially
         all of the assets of the Company, or a similar transaction in which the
         shareholders of the Company prior to such transaction cease owning a
         majority of the voting interests in the resulting entity;

(4)      individuals who constitute the Incumbent Board (as herein defined) of
         the Company cease for any reason to constitute a majority thereof;

(5)      the occurrence of any transaction requiring the approval of the Board
         of Governors of the Federal Reserve System under 12 C.F.R. 225.41 et
         seq., except a transaction by any party owning 10% or more of the
         Company's outstanding stock as of the day hereof; or

(4)      an event of a nature that would be required to be reported in response
         to Item 1 of the current report on Form 8-K, as in effect on the date
         hereof, pursuant to Section 13 or 15(d) of the Securities Exchange Act
         of 1934 (the "Exchange Act"); or

(5)      Without limitation, a change in control shall be deemed to have
         occurred at such time as (i) any "person" (as the term is used in
         Section 13(d) and 14(d) of the Exchange Act) other than the Company is
         or becomes a "beneficial owner" (as defined in Rule 13-d under the
         Exchange Act) directly or indirectly, of securities of the Company
         representing 25% or more of the Company's outstanding securities
         ordinarily having the right to vote at the election of directors,
         excluding any securities purchased by Employer's employee stock
         ownership plan and trust, or any other employee benefit plans
         established by Employer from time to time in determining whether such
         person is the beneficial owner of more than 25% of Employer's
         securities; or

(6)      A proxy statement soliciting proxies from stockholders of the Company
         is disseminated by someone other than the current management of the
         Company, seeking stockholder approval of a plan of reorganization,
         merger or consolidation of the Company or similar transaction with one
         or more corporations as a result of which the outstanding shares of the
         class of securities then subject to the plan or transaction are
         exchanged or converted into cash property or securities not issued by
         the Company;

(7)      A tender offer is made for 25% or more of the voting securities of the
         Company and the shareholders owning beneficially or of record 25% or
         more of the out- standing securities of the Company have tendered or
         offered to sell their shares pursuant to such tender offer and such
         tendered shares have been accepted by the tender offeror.

For these purposes, "Incumbent Board" means the Board of Directors of the
Company on the date hereof, provided that any person becoming a director
subsequent to the date hereof whose election was approved by a vote of at least
three-quarters of the directors

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comprising the Incumbent Board, or whose nomination for election by members or
stockholders was approved by the same nominating committee serving under an
Incumbent Board, shall be considered as though he were a member of the Incumbent
Board.

         F. Qualifying Event - A "Qualifying Event" is the event described in
Section II of this Program.

         G. Change in Control Bonus Payment - A "Change in Control Bonus
Payment" is the payment made to the Senior Management Employee under Section III
below.

II.      QUALIFYING EVENTS

         The following event or action will be a "Qualifying Event": A Change in
Control regardless of whether or not the Senior Management Employee's employment
continues after the Change in Control.

III.     CHANGE IN CONTROL BONUS PAYMENT

         A.       If a Qualifying Event occurs while the Senior Management
                  Employee is employed by Admiralty Bancorp, Inc. or any of its
                  subsidiaries, the Company shall (or shall cause the Bank), or
                  its legal successor shall, make a Change in Control Bonus
                  Payment of $ (Amount) in cash, to the Senior Management
                  Employee. If the Senior Management Employee becomes subject to
                  the excise tax imposed under Section 280 G of the Internal
                  Revenue Code, as a result of their compensation from Admiralty
                  Bancorp, Inc. or its subsidiaries, during the year in which
                  the Change in Control Bonus Payment is made, an additional sum
                  will be paid to the Senior Management Employee so that the
                  Senior Management Employee receives net compensation after
                  deduction of the excise taxes that they would have received if
                  they had not been subject to the excise tax.

         B.       To the extent not otherwise provided under any other program
                  or plan of the Company or its subsidiaries, if a Qualifying
                  Event occurs while the Senior Management Employee is employed
                  by the Company or its subsidiaries, the Company, or its legal
                  successor, will provide the benefits then in effect to the
                  Senior Management Employee for (Term of Benefits) weeks.

         Notwithstanding the foregoing, the Company will terminate the provision
of benefits to a Senior Management Employee at such time as that Senior
Management Employee becomes eligible for benefits under the benefit plan of
another employer.

IV.      TIMING OF PAYMENT

         Any Change in Control Payment will be paid in a lump sum, in cash,
simultaneous with the effectiveness of the Change in Control, and will be
subject to all legally mandated withholding (e.g., Federal, State or Local
taxes).

V.       EMPLOYMENT STATUS

         Unless a Senior Management Employee has a written employment contract,
all employment by Admiralty Bancorp, Inc. or its subsidiaries is employment at
will, and either Admiralty Bancorp, Inc. or its subsidiaries or the Senior
Management Employee may terminate the employment relationship at any time and
for any reason. Nothing in the Program changes the Senior Management Employee's
employment status. The Program merely establishes each Senior Management
Employee's right to a Change in Control Bonus Payment should a Qualifying Event
occur.

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VI.      INELIGIBILITY FOR "EMPLOYEE SEVERENCE PROGRAM"

         Senior Management employees are ineligible to receive any benefits
under the "Employee Severance Program."

VII.     MISCELLANEOUS PROVISIONS

         A.       Nonexclusive of Rights. Nothing in the Program shall prevent
                  or limit the Senior Management Employee's continuing or future
                  participation in any benefit, bonus, incentive, retirement or
                  other plan or program provided by Admiralty Bancorp, Inc. or
                  its subsidiaries and for which the Senior Management Employee
                  may qualify, nor shall anything in the Program limit or reduce
                  such rights as any Senior Management Employee may have under
                  any other agreement with, or plan, program, policy or practice
                  of Admiralty Bancorp, Inc. or its subsidiaries. Amounts which
                  are vested benefits or which a Senior Management Employee is
                  otherwise entitled to receive under any agreement with, or
                  plan, program, policy or practice of, Admiralty Bancorp, Inc.
                  or its subsidiaries shall be payable in accordance with such
                  agreement, plan, program, policy or practice, except as
                  explicitly modified by this Program. This Program does not
                  affect the Senior Management Employee's rights or benefits
                  under the Senior Management Change in Control Program.

         B.       Spendthrift Provisions. No Senior Management Employee shall
                  have any transmissible interest in the Program nor shall any
                  Senior Management Employee have any power to anticipate,
                  alienate, dispose of, pledge or encumber the Program, nor
                  shall Admiralty Bancorp, Inc. or its subsidiaries recognize
                  any assignment thereof, either in whole or in part, nor shall
                  the Program be subject to attachment, garnishment, execution
                  following judgment or other legal process.

         C.       Program Administrator. Admiralty Bank shall be the
                  administrator of the Program.

         D.       Type of Program. The Program is a Change in Control pay
                  welfare benefit plan. The Program is not an employee pension
                  benefit plan.

VIII.    LUMP SUM ESCROW DEPOSITS

         In order to assure the availability of funds to make the Senior
Management Change in Control Bonus Payment, the Bank will deposit lump sum
payments in an escrow account pending any anticipated Change in Control. The
funds will be placed in escrow not less than five business days prior to the
anticipated effectiveness of the Change in Control. The funds will remain in the
control of Admiralty Bank and will be distributed to the Senior Management
Employee simultaneous with the Change in Control.

         -------------------------          ---------------------------

         Admiralty Bancorp                  Senior Management Employee

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