Document:

Exhibit 10.6

  
  
 EXHIBIT 10.6 

 Exhibit 10.6 
 THIRD FEDERAL SAVINGS AND LOAN 
 ASSOCIATION MHC AND SUBSIDIARIES 
 BENEFIT EQUALIZATION PLAN 
 January 1, 2005 

 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 BENEFIT EQUALIZATION PLAN 
  

	I.	Purpose of Plan 

 The Plan is designed solely for the purpose
of providing benefits to certain Associates which would have been payable under the Savings Plan but for the limitations placed on benefits for such Associates by Sections 401(a)(17), 402(g) and 415 of the Code. 
  

	II.	Definitions 

 “Administrator” shall mean the
Administrator appointed by the Board to administer the Plan. 
 “Associate” shall mean an officer of Third Federal, the Association, or a Related
Entity. 
 “Association” shall mean Third Federal Savings and Loan Association of Cleveland. 
 “Beneficiary” shall mean any person designated by a Participant as more particularly described in Section X. 
 “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 Board of 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 base salary and bonus(es) paid to an Associate with respect to a calendar year by Third Federal, the Association, and/or Related
Entities. 
 “Compensation Limits” shall mean the limits imposed on Compensation by Sections 401(a)(17), 402(g) and 415 of the Code. 
 “Deferred Compensation Liability Account” shall mean a ledger account as more particularly described in Section V of the Plan. 
  

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 “Deferred Compensation Agreement” shall mean an agreement executed by a Participant which indicates the
percentage of the Participant’s compensation which is to be deferred under the Plan as more particularly described in Section V of the Plan. 
 “Disability” shall mean if 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 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 12 months, is receiving
income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Participant’s employer. 
 “Distribution Event” shall mean a separation of service due to death, Disability, normal retirement or separation of service. 
 “Effective Date” shall be January 1, 2005, with respect to Compensation that is earned, deferred, or vested after December 31, 2004. 
 “Effective Date of Change in Control” shall mean the date on which the Board approves one or more of the events causing a Change of Control. 
 “Elective Deferrals” is defined in Section V of the Plan. 
 “Matching Contribution” is defined in Section V of the Plan.

 “Normal Retirement” shall mean when the Participant attains the age sixty-five (65). 
 “Participant(s)” are defined in Section III of the Plan. 
 “Plan” shall mean The Third Federal Savings and Loan Association MHC and Subsidiaries Benefit Equalization Plan. 
 “Plan Year”
shall mean the twelve month period beginning January 1st of each calendar year and ending December 31st of
the same calendar year. 
 “Profit Sharing Contribution” is defined in Section V of the Plan. 
 “Related Entity (or Entities)” shall include any subsidiaries of Third Federal or other entities designated a Related Entity by the Board. 
  

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 “Savings Plan” shall mean the Third Federal 401(k) Savings Plan originally effective July 1, 1989 as
amended and restated effective January 1, 2003. 
 “Third Federal” shall mean Third Federal Savings and Loan Association MHC and Subsidiaries.

  

	III.	Eligibility 

 Eligibility to participate in the Plan is
limited to Associates who are designated by the Board to be eligible to participate in the Plan. Associates who are 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, and the Board’s interpretation and construction thereof, and actions thereunder, including any valuation of property, Deferred Compensation Liability
Accounts, Rabbi Trust, or property held by the Rabbi Trust or the amount or recipient, of the payment to be made there from 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 and/or Deferred Compensation Agreement unless attributable to his/her own willful misconduct or lack of good faith. 
  

	V.	Benefits 

 Elective Deferrals. A Participant may
participate in the Plan by properly executing a Deferred Compensation Agreement and filing such agreement with the Administrator by the end of the plan year immediately preceding the plan year for which the deferrals are elected. A Participant may
elect to defer, in whole percentages, 1% to 15% of his Compensation, reduced by the maximum amount of Compensation that the Participant is allowed to defer for the current Plan Year under the terms of the Savings Plan (whether or not the Participant
actually defers such amount under the Savings Plan). The amount of compensation elected to be deferred under this Plan is referred to as “Elective Deferrals”. Participants under the Plan will be eligible to receive Matching Contributions
with respect to their Elective Deferrals as described below and Profit Sharing Contributions as described below. 
 Deferred Compensation Agreement. A
Deferred Compensation Agreement will remain in effect until a new Deferred Compensation Agreement is filed with the Administrator or until the date a Participant ceases to be eligible to participate in the Plan. A Deferred Compensation Agreement may
be amended or revoked for a Plan Year only by filing a new Deferred Compensation Agreement with the Administrator. The new Deferred Compensation Agreement will be effective only for Compensation that is earned by the Participant during 

 

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 the Plan Year subsequent to the Plan Year in which the amended Deferred Compensation Agreement was filed with the
Administrator. 
 Deferred Compensation Accounts. For each Plan Year, Third Federal shall establish and maintain a ledger account (the “Deferred
Compensation Liability Account”) for each Participant For each Plan Year, all Elective Deferrals, Matching Contributions and Profit Sharing Contributions made by the Participant pursuant to a Deferred Compensation Agreement shall be allocated
to the Participant’s Deferred Compensation Liability Account, established by Third Federal for such year. 
 Matching Contribution. For any Plan
Year that Third Federal, the Association or Related Entity contributes a matching contribution to the Savings Plan, Third Federal, the Association or Related Entity shall also make a contribution, during such year, to the Deferred Compensation
Liability Account of each Participant of an amount sufficient to allow the Participant to receive a matching contribution equal to that which he would have received under the Savings Plan for such year but for the Compensation Limits, reduced by the
matching contributions, if any, allocated to the Participant under the Savings Plan for such year. Such matching contributions will only be applied to the Elective Deferrals of the Participant under this Plan on Compensation earned during the Plan
Year. This additional contribution is referred to in this Plan as a “Matching Contribution”. 
 Profit Sharing Contribution. For any Plan
Year that Third Federal, the Association or Related Entity contributes a discretionary profit sharing contribution to the Savings Plan, Third Federal, the Association or Related Entity shall also make a contribution during such year to the Deferred
Compensation Liability Account of each Participant for such year regardless of whether or not such Participant has signed a Deferred Compensation Agreement. Such contribution will be in an amount sufficient to allow each Participant to receive a
profit sharing contribution in an amount equal to that which he would have received under the Savings Plan but for the Compensation Limits, reduced by the profit sharing contribution allocated to the Participant under the Savings Plan for such year.
This additional contribution is referred to in this Plan as a “Profit Sharing Contribution”. 
 Distribution. A Participant may elect in a
Deferred Compensation Agreement the form of distribution, upon the occurrence of a Distribution Event, of the Elective Deferrals made pursuant to the Deferred Compensation Agreement, and the earnings credited thereto. The available forms of
distribution are a lump-sum payment or payment in ten annual installments. If the Participant does not elect a form of payment, payment shall be made in a lump-sum payment. 
  

	VI.	Earnings of Deferred Compensation 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 the 
  

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 Participant’s Deferred Compensation Liability Account. If the Board does not offer investment options, or the
Participant does not elect to participate in the deemed investment options, Third Federal will credit interest to the Deferred Compensation Liability Account of each Participant on an annual basis in the amount equal to two (2) percent over the
one year Third Federal Savings and Loan Certificate of Deposit as of January 1st of the deferral year beginning
January 1, 2005, and every year thereafter. 
 VII. Distributions 
 If a Participant incurs a Distribution Event, payment of the Participant’s balance in his Deferred Compensation Liability Account shall be made or commenced to him within thirty (30) days following the
Distribution Event in the form elected by the Participant in the applicable Deferred Compensation Agreement. 
 If there is a Change in Control, any affected
Participant having a balance in a Deferred Compensation Liability Account shall be paid the vested accrued amounts within thirty (30) days from the date of separation or termination in the method specified in the Deferred Compensation
Agreement(s) applicable to the amounts. 
 For purposes of this Section, an “affected” Participant is a Participant whose employment with Third
Federal is terminated during the Plan Year or, in the event of a Change in Control, all Participants for such Plan Year. 
 “Unforeseeable
Emergency”. Prior to the time a Deferred Compensation Liability Account of an Participant would otherwise become payable, the Board, in its sole discretion, may elect to distribute all or a portion of the Deferred Compensation Liability
Account in the event such Participant requests a distribution by reason of an unforeseeable emergency. 
 For purposes of this Plan, an unforeseeable
emergency shall mean a severe financial hardship to the Participant resulting from: (1) an illness or accident of (a) the Participant, (b) the Participant’s spouse, or (c) the Participant’s “dependent”
(defined as any of the following individuals over half of whose support, was received from the Participant: (i) a son or daughter of the Participant, or a descendant of either; (ii) a stepson or stepdaughter of the Participant;
(iii) a brother, sister, stepbrother, or stepsister of the Participant; (iv) the father or mother of a Participant, or an ancestor of either, (v) a stepfather or stepmother of the Participant; (vi) a son or daughter of a brother
or sister of the Participant; a brother or sister of the father or mother of the Participant, a son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law of the Participant or (vii) an individual who, has as
his principal place of abode the home of the Participant and is a member of the Participant’s household), (2) loss of the Participant’s property due to casualty; or (3) other similar extraordinary and unforeseeable circumstances
arising as a result of the events beyond the Participant’s control. This unforeseeable emergency rule will be satisfied only if, as determined under IRS regulations the amounts distributed for an emergency do not exceed the 
  

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 amounts necessary to satisfy the emergency, plus amounts necessary to pay taxes reasonably anticipated as a result of the
distribution. The amounts necessary to satisfy the emergency will be determined after taking into account the extent to which the hardship is, or can be, relieved through reimbursement or compensation by insurance or otherwise; or by liquidation of
the Participant’s assets, to the extent that the asset liquidation would not itself cause severe financial hardship. 
 VIII. 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. 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. 
  

	IX.	Vesting 

 A Participant participating in the Plan will always
be one hundred percent (100%) vested in his Deferred Compensation Liability Account. 
  

	X.	Beneficiary Designation 

  

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 Deferred Compensation 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 Deferred Compensation Liability Account within thirty (30) days, in the event of
death prior to the Participant’s Distribution Event. 
 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 affect the transfer of the Deferred Compensation Liability Account 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 Deferred Compensation Liability Account to a
Beneficiary, if the Beneficiary designated by the deceased Participant dies before the completed transfer of Participant’s Deferred Compensation Liability Account is transferred to him or her, the Administrator shall effect the transfer of any
Participant’s Deferred Compensation Liability Account 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. 
  

	XI.	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. 
  

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 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 and shall state: 
 a. The reason for denial, with
specific reference to the Plan provision on which the denial is based. 
 b. A description of any additional material or information required
and an explanation of why it is necessary. 
 c. An explanation of the Plan’s claim review procedure. 
 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. 
  

	XII.	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 Deferred Compensation Liability Accounts, or portions
thereof, accrued under the Plan prior to the amendment or termination. 
  

	XIII.	 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 Deferred Compensation 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 
  

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 any words are used herein in the singular or in the 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 of 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 Deferred Compensation 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 Deferred
Compensation Liability Account granted hereunder shall become fully vested immediately upon the Effective Date of Change in Control as defined in Section II. 
  

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 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/ Daniel F. Weir
		 		 		 		 	Vice President
		 		 		 		 	(Title)

  

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 THIRD FEDERAL SAVINGS AND LOAN ASSOCIATION MHC AND SUBSIDIARIES 
 BENEFIT EQUALIZATION PLAN 
 DEFERRED
COMPENSATION AGREEMENT 
 I,
                        , an officer pursuant to the Third Federal Savings & Loan Association MHC and
Subsidiaries Benefit Equalization Plan, hereby elect to defer             (1% to 15%) of the base salary and bonuses otherwise payable to me as compensation for the period beginning
            ,             ,              and
ending             ,             ,             
(“Deferral Period”). I hereby attest that such Deferral Period commences the next Plan Year beginning after the date of this Agreement. Such percentage of base salary and bonuses shall continue to be deferred for subsequent Deferral
Period(s) unless this agreement is revoked, which revocation can be affected only by filing a new Deferred Compensation Agreement with the Administrator of the Third Federal Savings and Loan Association MHC and Subsidiaries Benefit Equalization Plan
no later than the beginning of the calendar year for which the revocation is to be effective. 
 I hereby elect that, upon the occurrence of a Distribution
Event, as defined in Section II, the amounts accrued and vested in my Deferred Compensation Liability Account pursuant to this Agreement shall be distributed to me as follows: 
              Lump-sum payment of Deferred Compensation Liability Account within 30 days
of Distribution Event. 
              Payment of Deferred Compensation
Liability Account pro-rata consisting of ten (10) annual installments commencing 30 days after Distribution Event. 
  

	
	   
	 [Participant Name]

 Date:Exhibit 10.7

  
  
 EXHIBIT 10.7 

 Exhibit 10.7 
 Third Federal Savings & Loan Association 
 SPLIT-DOLLAR AGREEMENT 
 THIS AGREEMENT made and entered into on the 29th day of January, 2002, by and between Third Federal Savings & Loan Association, an Ohio corporation, with principal offices and place of business in the State of Ohio (hereinafter referred to
as the “Corporation”), and Marc A. Stefanski, an individual residing in the State of Ohio (hereinafter referred to as the “Associate”), 
 WITNESSETH THAT: 
 WHEREAS, the Associate is employed by the Corporation; and 
 WHEREAS, the Associate wishes to provide life insurance protection for his family in the event of his death, under Policy of life insurance insuring his
life (hereinafter referred to as the “Policy”), which is described in Exhibit A attached hereto and by this reference made a part hereof, and which was issued by Massachusetts Mutual Life Insurance Company (hereinafter referred to as the
“Insurer”); and 
 WHEREAS, the Corporation is willing to pay the scheduled premiums due until the Associate’s age 65 or
termination from service (whichever is earlier) on the Policy as an additional employment benefit for the Associate, on the terms and conditions hereinafter set forth; and 
 WHEREAS, the Associate’s Irrevocable Life Insurance Trust, the Marc A. Stefanski Irrevocable Trust dated 12/11/96 (“Trust”) is the owner
of the Policy and, as such, possesses all incidents of ownership in and to the Policy; and 
 WHEREAS, the Corporation wishes to have the
Policy collaterally assigned to it by the Associate’s Trustee, in order to secure the repayment of the amounts which it will pay toward the premiums on the Policy; 
 NOW, THEREFORE, in consideration of the premises and of the mutual promises contained herein, the parties hereto agree as follows: 

 1. Purchase of Policy. The Corporation has purchased the Policy from the Insurer on
behalf of the Associate in the face amount of $2,500,000. The parties hereto have taken all necessary action to cause the Insurer to issue the Policy, and shall take any further action which may be necessary to cause the Policy to conform to the
provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating to the Policy. 
 2. Ownership of the Policy. The Associate’s Trust shall be the sole and absolute owner of the Policy, and may exercise all
ownership rights granted to the owner thereof by the terms of the Policy, except as may otherwise be provided herein. 
 3.
Policy Dividends. Any dividends declared on the Policy shall be applied to purchase paid-up additional insurance on the life of the Associate. The parties hereto agree that the dividend election provisions of the Policy shall conform
to the provisions hereof. 
 4. Payment of Premiums. 
 a. Thirty (30) days prior to the due date of each Policy premium, the Corporation shall notify the Associate of the exact amount due from the
Associate hereunder, which shall be an amount equal to the rates, set forth in IRS Notice 2002-8, (or the corresponding applicable provisions of any future Revenue Ruling). The Associate shall pay such required contribution to the Corporation prior
to the premium due date. If the Associate fails to make such timely payment, the Corporation, in its sole discretion, may elect to make the Associate’s portion of the premium payment, which payment shall be recovered by the Corporation as
provided herein. 
 b. On or before the due date of each Policy premium, or within the grace period provided therein, the Corporation shall
pay the full amount of the premium to the Insurer, and shall, upon request, promptly furnish the Associate evidence of timely payment of such premium. The Corporation shall annually furnish the Associate a statement of the 

 
amount of income reportable by the Associate for federal and state income tax purposes, as a result of the insurance protection provided the Associate.

 5. Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on
the Policy paid by it hereunder, the Associate’s Trust has, contemporaneously herewith, assigned the Policy to the Corporation as collateral, under the form used by the Insurer for such assignments. The collateral assignment of the Policy to
the Corporation hereunder shall not be terminated, altered or amended by the Associate’s Trustee, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause such collateral assignment
to conform to the provisions of this Agreement. 
 6. Limitations on Associate’s Trustee’s Rights in
Policy. Except as otherwise provided herein, the Associate’s Trustee shall not sell, assign, transfer, borrow against, surrender or cancel the Policy, change the beneficiary designation
provision thereof, nor terminate the dividend or death benefit election thereof without, in any such case, the express written consent of the Corporation. 
 7. Collection of Death Proceeds. 
 a. Upon the death of the Associate, the Corporation
shall cooperate with the Associate’s Trustee to take whatever action is necessary to collect the death benefit provided under the Policy; when such benefit has been collected and paid as provided herein, this Agreement shall thereupon
terminate. 
 b. Upon the death of the Associate, the Corporation shall have the unqualified right to receive a portion of such death benefit
equal to the total amount of the greater of the aggregate premiums paid by it hereunder reduced by any outstanding indebtedness which was incurred by the Corporation and secured by the Policy, including any interest due on such indebtedness or the
total Cash surrender value of the policy as of the date of the Associate’s death. The balance of the death benefit provided under the Policy, if any, shall be paid directly to the Associate’s Trust, in the manner and in the amount or

 
amounts provided in the beneficiary designation provision of the Policy. In no event shall the amount payable to the Corporation hereunder exceed the Policy
proceeds payable at the death of the Associate. No amount shall be paid from such death benefit to the Associate’s Trust until the full amount due the Corporation hereunder has been paid. The parties hereto agree that the beneficiary
designation provision of the Policy shall conform to the provisions hereof. 
 c. Notwithstanding any provision hereof to the contrary, in
the event that, for any reason whatsoever, no death benefit is payable under the Policy upon the death of the Associate and in lieu thereof the Insurer refunds all of any part of the premiums paid for the Policy, the Corporation have the unqualified
right to such premiums. 
 8. Termination of the Agreement During the Associate’s Lifetime. 
 a. This Agreement shall terminate, without notice, upon the occurrence of any of the following events: (a) the total cessation of the business of the
Corporation; (b) the bankruptcy, receivership or dissolution of the Corporation; (c) the termination of Associate’s employment by the Corporation (other than by reason of his death) or (d) failure of the Associate to timely pay
to the Corporation the Associate’s portion of the premium, if any, due hereunder, unless the Corporation elects to make such payment on behalf of the Associate, as provided herein. 
 b. In addition, the Associate may terminate this Agreement, while no premium under the Policy is overdue, by written notice to the Corporation. Such
termination shall be effective as of the date of such notice. 
 9. Disposition of the Policy on the Termination of the
Agreement During the Associate’s Lifetime. 
 (a) For sixty (60) days after the date of the termination of this Agreement
during the Associate’s lifetime, the Associate’s Trustee shall have the option of obtaining the release of the collateral assignment of the Policy to the Corporation. To obtain such release, the Associate’s Trustee shall repay to the
Corporation the greater of the total 

 
amount of the premium payments made by the Corporation hereunder or the then cash surrender value of the policy, less any indebtedness secured by the Policy
which was incurred by the Corporation and remains outstanding as of the date of such termination, including any interest due on such indebtedness. Upon receipt of such amount, the Corporation shall release the collateral assignment of the Policy, by
the execution and delivery of an appropriate instrument of release. 
 (b). If the Associate’s Trustee fails to exercise such option
within such sixty (60) day period, then, at the request of the Corporation, the Associate’s Trustee shall execute any document or documents required by the Insurer to transfer the interest of the Associate’s Trustee in the Policy to
the Corporation. Alternatively, the Corporation may enforce its right to be repaid the greater of the premiums on the Policy paid by it or the Cash surrender value from the Policy under the collateral assignment of the Policy Thereafter, neither the
Associate’s Trustee, the Associate nor his respective heirs, assigns or beneficiaries shall have any further interest in and to the Policy, either under the terms thereof or under this Agreement. 
 10. Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy’s
death benefits to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement, or any modification or amendment hereof. No provision
of this Agreement, nor of any modification or amendment hereof, shall in any way be construed as enlarging, changing, varying, or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the
provisions hereof are made a part of the Policy by the collateral assignment executed by the Associate and filed with the Insurer in connection herewith. 

 11. Named Fiduciary, Determination of Benefits, Claims Procedure and
Administration. 
 a. The Corporation is hereby designated as the named fiduciary under this Agreement. The named fiduciary shall have
authority to control and manage the operation and administration of this Agreement, and it shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this Agreement. 
 b. The Corporation shall make all determinations concerning rights to benefits under this Agreement. Any decision by the Corporation denying a claim by
the Associate’s Trustee for benefits under this Agreement shall be stated in writing and delivered or mailed to the Associate’s Trustee. Such decision shall set forth the specific reasons for the denial, written to the best of the
Corporation’s ability in a manner that may be understood without legal or actuarial counsel. In addition, the Corporation shall afford a reasonable opportunity to the Associate’s Trustee for a full and fair review of the decision denying
such claim. 
 12. Amendment. This Agreement may not be amended, altered or modified, except by a written
instrument signed by the parties hereto, or their respective successors or assigns, and may not be otherwise terminated except as provided herein. 
 13. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Corporation and its successors and assigns, and the Associate’s Trustee, and his successors and assigns.

 14. Notices. Any notice, consent or demand required or permitted to be given under the provisions of this Agreement
shall be in writing, and shall be signed by the party giving or making the same. If such notice, consent or demand is mailed to a party hereto, it shall be sent by United States certified mail, postage prepaid, addressed to such party’s last
known address as shown on the records of the Corporation. The date of such mailing shall be deemed the date of notice, consent or demand. 

 15. Governing Law. This Agreement and the rights of the parties hereunder, shall be
governed by and construed in accordance with the laws of the State of Ohio. 
 IN WITNESS WHEREOF, the parties hereto have executed this
Agreement, in duplicate. 
  

									
		 		 	Third Federal Savings and Loan
Association of Cleveland
				
		 		 	By	 	/s/ Daniel F. Weir
				
	 ATTEST:
	 		 		 	
				
	 /s/ Jodi A. Hajduk
	 		 		 	
				
		 		 		 	/s/ Marc A. Stefanski
		 		 		 	“Associate”

 EXHIBIT A 
 The following life insurance Policy is subject to the attached Split-Dollar Agreement: 
  

			
	 Insurer:
	  	Massachusetts Mutual Life Insurance Company
		
	 Insured:
	  	Marc A. Stefanski
		
	 Policy Number:
	  	 [Information Removed]

		
	 Face Amount:
	  	$2,500,000.00
		
	 Date of Issue:
	  	3/21/02

 HUMAN RESOURCES 
 (EXECUTE IN DUPLICATE) 
 SPLIT DOLLAR 
 ASSIGNMENT OF LIFE INSURANCE POLICY AS COLLATERAL 
  

	A.	For Value Received the undersigned hereby assign, transfer and set over to Third Federal Savings & Loan Assoc. 7007 Broadway Avenue, Cleveland, Oh 44105

  

	
	  
	  
	(INDICATE COMPLETE MAILING ADDRESS OF ASSIGNEE ON THIS LINE)

 Its successors and assigns (herein called the “Assignee”) Policy No. [Information Removed] issued by
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY or its affiliated Insurance Companies (herein called the “Insurer”; the identity of the Insurance Company is determined by the policy number) and any supplementary contracts issued in connection
therewith (said policy and contracts being herein called the “Policy”) upon the life of Marc A. Stefanski and all claims, options, privileges, rights, title and interest therein and thereunder (except as provided in Paragraph C hereof),
subject to all the terms and conditions of the Policy and to all superior liens, if any, which the Insurer may have against the Policy. The undersigned by this instrument jointly and severally agree and the Assignee by the acceptance of this
assignment agrees to the conditions and provisions herein set forth. 
  

	B.	It is expressly agreed that, without detracting from the generality of the foregoing, the following specific rights are included in this assignment and pass by virtue hereof:

  

	 	1.	The sole right to collect from the Insurer the net proceeds of the Policy when it becomes a claim by death or maturity; 

  

	 	2.	The sole right to surrender the Policy and receive the surrender value thereof at any time provided by the terms of the Policy and at such other times as the Insurer may allow;

  

	 	3.	The sole right to obtain one or more loans or advances on the Policy, either from the Insurer or. at any time, from other persons, and to pledge or assign the Policy as security for
such loans or advances; 

  

	 	4.	The sole right to collect and receive ail distributions or shares of surplus, dividend deposits or additions to the Policy now or hereafter made or apportioned thereto, and to
exercise any and all options contained in the Policy with respect thereto; provided, that unless and until the Assignee shall notify the Insurer in writing to the contrary, the distributions or shares of surplus, dividend deposits and additions
shall continue on the plan in force at the time of this assignment; 

  

	 	5.	The sole right to exercise all nonforfeiture rights permitted by the terms of the Policy or allowed by the Insurer and to receive all benefits and advantages derived therefrom; and

  

	 	6.	The sole right to the value of any funds now or hereafter held by the Insurer for the purpose of paying future premiums under the Policy as determined by the premium agreement
applicable thereto. 

  

	C.	It is expressly agreed that the following specific rights, so long as the Policy has not been surrendered, are reserved and excluded from this assignment and do not pass by virtue
hereof: 

  

	 	1.	The right to collect from the Insurer any disability benefit payable in cash that does not reduce the amount of insurance; 

  

	 	2.	The right to designate and change the beneficiary; 

  

	 	3.	The right to elect any optional mode of settlement permitted by the Policy or allowed by the Insurer; but the reservation of these rights shall in no way impair the right of the
Assignee to surrender the Policy completely with all its incidents or impair any other right of the Assignee hereunder, and any designation or change of beneficiary or election of a mode of settlement shall be made subject to this assignment and to
the rights of the Assignee hereunder. 

  

	 	4.	The right to purchase a policy of new insurance under any agreement attached to the Policy providing for the purchase of additional insurance, it being agreed that the assignee
shall have no interest in any new policy so purchased. 

  

	D.	This assignment is made and the Policy is to be held as collateral security for any and all liabilities of the undersigned, or any of them, to the Assignee, either now existing or
that may hereafter arise in the ordinary course of business between any of the undersigned (all of which liabilities secured or to become secured are herein called “Liabilities”). 

  

	E.	The Assignee covenants and agrees with the undersigned as follows: 

  

	 	1.	That any balance of sums received hereunder from the Insurer remaining after payment of the then existing Liabilities, matured or unmatured, shall be paid by the Assignee to the
persons entitled thereto under the terms of the Policy had this assignment not been executed; 

  

	 	2.	That the assignee will not exercise either the right to surrender the Policy or (except for the purpose of paying premiums) the right to obtain policy loans from the Insurer, until
there has been default in any of the Liabilities or a failure to pay any premium when due, nor until twenty days after the Assignee shall have mailed, by first-class mail, to the undersigned at the addresses last supplied in writing to the Assignee
specifically referring to this assignment, notice of intention to exercise such right; and 

  

	 	3.	That the Assignee will upon request forward without unreasonable delay to the Insurer the Policy for endorsement of any designation or change of beneficiary or any election of an
optional mode of settlement. 

  

	F.	The Insurer is hereby authorized to recognize the Assignee’s claims to rights hereunder without investigating the reason for any action taken by the Assignee, or the validity
or the amount of the Liabilities or the existence of any default therein, or the giving of any notice under Paragraph E (2) above or otherwise, or the application to be made by the Assignee of any amounts to be paid to the Assignee. The sole
signature of the Assignee shall be sufficient for the exercise of any rights under the Policy assigned hereby and the sole receipt of the Assignee for any sums received shall be a full discharge and release therefor to the Insurer. Checks for all or
any part of the sums payable under the Policy and assigned herein, shall be drawn to the exclusive order of the Assignee if, when, and in such amounts as may be, requested by the Assignee. 

	G.	The Assignee shall be under no obligation on to pay any premium, or the principal of or interest on any loans or advances on the Policy or any other charges on the Policy, but any
such amounts so paid by the Assignee from its own funds, shall become a part of the Liabilities hereby secured, shall be due immediately, and shall draw interest at a rate fixed by the Assignee from time to time not exceeding 6% per annum,
provided, however, that if the Assignee obtains one or more loans on the Policy from the Insurer pursuant to Paragraph B.3 of this Assignment, the Assignee alone shall be liable for any interest becoming payable on the principal of such loan or
loans, and the Assignee shall have no right of recovery against the undersigned for the payment of such interest. 

  

	H.	The exercise of any right, option, privilege or power given herein to the Assignee shall be at the option of the Assignee; but (except as restricted by Paragraph E (2) above)
the Assignee may exercise any such right, option, privilege or power without notice to, or assent by, or affecting the liability of, or releasing any interest hereby assigned by the undersigned, or any of them. 

  

	I.	The Assignee may take or release other security, may release any party primarily or secondarily liable for any of the Liabilities, may grant extensions, renewals or indulgences with
respect to the Liabilities, or may apply to the Liabilities in such order as the Assignee shall determine, the proceeds of the Policy hereby assigned or any amount received on account of the Policy by the exercise of any right permitted under this
assignment, without resorting or regard to other security. 

  

	J.	In the event of any conflict between the provisions of this assignment and provisions of the note or other evidence of any Liability, with respect to the Policy or rights of
collateral security therein, the provisions of this assignment shall prevail. 

  

	K.	Each of the undersigned declares that no proceedings in bankruptcy are pending against him and that his property is not subject to any assignment for the benefit of creditors.

  

					
	 Signed and sealed this
	  	7/20/2002	  	
		  	    date	  	

  

					
	/s/ Marc S. Byrnes	 		 	Rhonda L. Stefanski
	Witness	 		 	Witness
			
	1360 East Ninth Street	 		 	35075 Shaker Boulevard
	Address	 		 	Address

 THIS SPACE FOR ACKNOWLEDGEMENT OF SAID ASSIGNMENT BY AUTHORIZED OFFICER OF INSURER

  

	
	 RECEIVED
 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
 and AFFILIATED INSURANCE COMPANIES

	OCT 22, 2001
	Ann F. Lomeli

 RELEASE OF ASSIGNMENT 
 Date
                                        
                     
 FOR VALUE
RECEIVED, the Policy and all claims thereunder conveyed by the within assignment are hereby released. 
 THIS SPACE FOR ACKNOWLEDGEMENT OF
SAID RELEASE BY AUTHORIZED OFFICER OF INSURER

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