Document:

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10.17 DEFERRED COMPENSATION AGREEMENT BY AND BETWEEN SECOND BANCORP AND RICK L.
BLOSSOM, DATED DECEMBER 6, 1999.

DEFERRED COMPENSATION AGREEMENT
-------------------------------

                  THIS AGREEMENT, made and entered into this _____ day of
_______________, 1999, by and between Second Bancorp, Incorporated, an Ohio
corporation, with principal offices and place of business in the State of Ohio
(hereinafter referred to as the "Corporation"), The Second National Bank of
Warren, a wholly owned subsidiary of Second Bancorp, Incorporated (hereinafter
referred to as the "Bank"), and Rick L. Blossom, an individual residing in the
State of Ohio (hereinafter referred to as the "Executive"),

                                WITNESSETH THAT:

                  WHEREAS, the Executive is employed by the Corporation; and

                  WHEREAS, the Corporation recognizes the valuable services
heretofore performed for it by the Executive and wishes to encourage his
continued employment; and

                  WHEREAS, the Executive wishes to be assured that he will be
entitled to a certain amount of additional compensation for some definite period
of time from and after his retirement from active service with the Corporation
or other termination of his employment and that his beneficiary will be entitled
to a similar death benefit from and after the Executive's death; and

                  WHEREAS, the Bank and Executive entered into a Letter of
Intent dated _______________, 1999 (the "Letter of Intent"), which promised
Executive certain retirement benefits in addition to those provided under the
Bank's qualified pension plan; and

                  WHEREAS, the Corporation and Executive desire to enter into
this Agreement in order to provide to Executive the benefit contemplated by the
parties at the time of execution of the Letter of Intent without regard to the
limitations imposed on the Executive's benefit pursuant to Sections 415 and
401(a)(17) of the Code; and

                  WHEREAS, the parties hereto wish to provide the terms and
conditions upon which the Corporation shall pay such additional compensation to
the Executive after his retirement or other termination of his employment or
death benefit to his beneficiary after the Executive's death; and

                  WHEREAS, the parties hereto intend that this Agreement be
considered an unfunded arrangement, maintained primarily to provide deferred
compensation benefits for the

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Executive, a member of a select group of management or highly compensated
employees of the Corporation, for purposes of the Employee Retirement Security
Act of 1974, as amended;

                  NOW, THEREFORE, in consideration of the premises and of the
mutual promises herein contained, the parties hereto agree as follows:

                  1.       DEFINITION OF TERMS.

                  a.       For purposes of this Agreement, the following terms
shall be defined as set forth in this Section 1:

                  1.1      "Change in Control" shall be deemed to have occurred
                           if and when:

                           a.       Any person or group of persons acting in
                                    concert and not presently in control of the
                                    Corporation shall have acquired ownership of
                                    or the right to vote or to direct the voting
                                    of shares of capital stock of the
                                    Corporation representing 51% or more of the
                                    total voting power of the Corporation, or

                           b.       The Corporation shall have merged into or
                                    consolidated with another corporation, or
                                    merged another corporation into the
                                    Corporation, on a basis whereby less than a
                                    majority of the total voting power of the
                                    surviving corporation is represented by
                                    shares held by former shareholders of the
                                    Corporation immediately prior to such merger
                                    or consolidation, or

                           c.       The Corporation shall have sold
                                    substantially all of its assets to another
                                    corporation or other entity or person.

                  1.2      "Disability Plan" shall mean the long term
                           disability plan of the Bank currently in effect.

                  1.3      "Discharge for Cause" shall mean the termination of
                           Executive's employment with the Corporation or Bank
                           due to (i) Executive's conviction of either a felony
                           involving moral turpitude or any crime in connection
                           with his employment; or (ii) actions by Executive as
                           an executive officer which are prohibited or contrary
                           to law, or contrary to the best interests of the
                           Corporation or Bank;

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                           or (iii) Executive's willful failure to take actions
                           permitted or required by law and necessary to
                           implement policies of the Board which the Board has
                           communicated to him in writing; or (iv) Executive's
                           continued failure to attend to his duties as an
                           executive officer as set forth in his Employment
                           Agreement; or (v) any condition which either resulted
                           from Executive's habitual drunkenness or addiction to
                           narcotics, or resulted from any intentionally
                           self-inflicted injury.

                  1.4      "Early Retirement" shall mean the termination of
                           employment of the Executive after he has attained age
                           fifty-five (55) and has completed such years of
                           continued employment with the Bank as may be required
                           for early retirement under the Retirement Plan
                           computed as if Executive had completed an additional
                           one (1) year of continuous employment for every full
                           two (2) year period of continuous employment with the
                           Bank on or as of the date of his retirement. In the
                           event of a Change in Control to which Section 1.1 of
                           this Agreement applies, the number of years of
                           continuous employment as calculated in this Section
                           1.4 shall be increased by an additional five (5)
                           years of continuous employment with the Bank on or as
                           of the date of Executive's retirement.

                  1.5      "Normal Retirement Date" shall mean the last day of
                           the month coincident with Executive's date of
                           retirement or attainment of age sixty-five (65)
                           whichever occurs first.

                  1.6      "Retirement Plan" shall mean The Employees'
                           Retirement Plan of The Second National Bank of
                           Warren, as amended from time to time.

                  1.7      "Retirement Plan Benefit" shall mean any amount
                           payable under the Retirement Plan in effect at the
                           Early or Normal Retirement Date of Executive.

                  1.8      "Deferred Compensation Benefit" shall mean the amount
                           payable to Executive under this Agreement and more
                           fully discussed in the October 13, 1999, letter from
                           Watson Wyatt which is attached hereto as Exhibit A.

                  2.       RETIREMENT BENEFIT.

                  a. From and after termination of the Executive's employment,
other than by reason of his death, whether by retirement of the Executive from
the active service of the

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Corporation or otherwise, the Corporation shall thereafter pay the Executive,
commencing on the date of the termination of employment, a Deferred Compensation
Benefit in an amount determined pursuant to the following formula:

                  (1)      The Retirement Plan Benefit which would have been
                           payable to Executive, computed as if he had completed
                           an additional one (1) year of continuous employment
                           for every full two (2) year period of continuous
                           employment with the Corporation on or as of the date
                           of his retirement, and as if the Retirement Plan did
                           not contain limitations imposed on the Executive's
                           Retirement Plan Benefit pursuant to Sections 415 and
                           401(a)(17) of the Code;

                  (2)      Minus the sum of (a) the Executive's Retirement Plan
                           Benefit, and (b) the accrued benefits payable to
                           Executive under the First Financial Bancorp
                           Employees' Pension Plan at retirement.

                           For purposes of the above calculations only, the
                           Retirement Plan Benefit shall not be reduced for
                           early commencement.

                           Benefits payable under the Agreement shall be paid
                           either on a 10-Year Certain and Life, 50% Joint and
                           Survivor, 75% Joint and Survivor, or 100% Joint and
                           Survivor basis, as elected by the Executive. Forms of
                           payment shall be reduced actuarially in accordance
                           with the Retirement Plan.

                           (For illustrative purposes, an example of the
                           calculation of the Deferred Compensation Benefit as
                           of September 5, 2005, is attached hereto as Exhibit
                           B.)

                  b. In the event of the Executive's death after termination of
his employment, the Corporation shall provide the Deferred Compensation Benefit
to Executive's spouse and family in the form of payment as he shall have elected
under the Retirement Plan, but calculated in accordance with this Agreement.

                  c. In the event that the employment of Executive is terminated
by the Corporation within one (1) year after a Change in Control occurs, and at
such Change in Control Executive is less than sixty-five (65) years old, the
Corporation shall pay Executive the benefit defined in paragraph 2(a) above,
except that the Retirement Plan Benefit which shall be paid to Executive shall
be computed as if he had completed an additional five (5) years of continuous
employment with the Corporation and an additional one (1) year of continuous
employment for

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every full two (2) year period of continuous employment with the Corporation on
or as of the date of his retirement.

                  3.       DEATH BENEFIT.

                  a. In the event of the death of the Executive while employed
by the Corporation, the Deferred Compensation Benefit shall be paid to
Executive's spouse and family in the form of payment as he shall have elected
under the Retirement Plan.

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                  b. If no such election has been received by the Corporation
from the Executive prior to his death, the Deferred Compensation Benefit shall
be paid in the manner and form of payment in accordance with the terms of the
Retirement Plan.

                  4. NON-COMPETITION DURING EMPLOYMENT. In consideration of the
foregoing agreements of the Corporation and of the payments to be made by the
Corporation pursuant thereto, the Executive hereby agrees that, so long as he
remains employed by the Corporation, he will devote substantially all of his
time, skill, diligence, and attention to the business of the Corporation, and
will not actively engage, either directly or indirectly, in any business or
other activity which is or may be deemed to be in any way competitive with or
adverse to the best interests of the business of the Corporation.

                  5. NO TRUST CREATED. Nothing contained in this Agreement, and
no action taken pursuant to its provisions by either party hereto, shall create,
nor be construed to create, a trust of any kind or a fiduciary relationship
between the Corporation and the Executive, his designated beneficiary, any other
beneficiary of the Executive, or any other person.

                  6. BENEFITS PAYABLE ONLY FROM GENERAL CORPORATE ASSETS;
UNSECURED GENERAL CREDITOR STATUS OF EXECUTIVE.

                  a. The payments to the Executive, his designated beneficiary,
or any other beneficiary hereunder shall be made from assets which shall
continue, for all purposes, to be a part of the general, unsecured assets of the
Corporation; no person shall have nor acquire any interest in any such assets by
virtue of the provisions of this Agreement. The Corporation's obligation
hereunder shall be an unfunded and unsecured promise to pay money in the future.
To the extent that the Executive or any person acquires a right to receive
payments from the Corporation under the provisions hereof, such right shall be
no greater than the right of any unsecured general creditor of the Corporation;
no such person shall have nor require any legal or equitable right, interest, or
claim in or to any property or assets of the Corporation.

                  b. In the event that, in its sole discretion, the Corporation
purchases an insurance policy or policies insuring the life of the Executive (or
any other property) to allow the Corporation to recover the cost of providing
the benefits, in whole or in part, hereunder, neither the Executive, his
designated beneficiary, any other beneficiary, nor any other person shall have
nor acquire any rights whatsoever therein or in the proceeds therefrom. The
Corporation shall be the sole owner and beneficiary of any such policy or
policies and, as such, shall possess and may exercise all incidents of ownership
therein. No such policy, policies, or other property shall be held in any trust
for the Executive or any other person nor as collateral security for any
obligation of the Corporation hereunder.

                  7. NO CONTRACT OF EMPLOYMENT. Nothing contained herein shall
be construed to be a contract of employment for any term of years, nor as
conferring upon the Executive the right to continue to be employed by the
Corporation, in any capacity. It is

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expressly understood by the parties hereto that this Agreement relates
exclusively to additional compensation for the Executive's services, payable
after termination of his employment with the Corporation, and is not intended to
be an employment agreement.

                  8. DETERMINATION OF BENEFITS, CLAIMS PROCEDURE, AND
AD-MINISTRATION.

                  a.       Claim.

                  The Executive or his beneficiary who believes that he is being
denied a benefit to which he is entitled under the Agreement (hereinafter
referred to as a "Claimant") may file a written request for such benefit with
the Corporation, setting forth his claim. The request must be addressed to the
President of the Corporation at its then principal place of business.

                  b.       Claim Decision.

                  Upon receipt of a claim, the Corporation shall advise the
Claimant that a reply will be forthcoming within ninety (90) days and shall, in
fact, deliver such reply within such period. The Corporation may, however,
extend the reply period for an additional ninety (90) days for reasonable cause.
                  If the claim is denied in whole or in part, the Corporation
shall adopt a written opinion, using language calculated to be understood by the
Claimant, setting forth:

                  (1)      The specific reason or reasons for such denial;

                  (2)      The specific reference to pertinent provisions of
                           this Agreement on which such denial is based;

                  (3)      A description of any additional material or
                           information necessary for the Claimant to perfect his
                           claim and an explanation why such material or such
                           information is necessary;

                  (4)      Appropriate information as to the steps to be taken
                           if the Claimant wishes to submit the claim for
                           review; and

                  (5)      The time limits for requesting a review under
                           subsection c. and for review under subsection d.
                           hereof.

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                  c.       Request for Review.

                  Within sixty (60) days after the receipt by the Claimant of
the written opinion described above, the Claimant may request in writing that
the Secretary of the Corporation review the determination of the Corporation.
Such request must be addressed to the Secretary of the Corporation, at its then
principal place of business. The Claimant or his duly authorized representative
may, but need not, review the pertinent documents and submit issues and comments
in writing for consideration by the Corporation. If the Claimant does not
request a review of the Corporation's determination by the Secretary of the
Corporation within such sixty (60) day period, he shall be barred and estopped
from challenging the Corporation's determination.

                  d.       Review of Decision.

                  Within sixty (60) days after the Secretary's receipt of a
request for review, he will review the Corporation's determination. After
considering all materials presented by the Claimant, the Secretary will render a
written opinion, written in a manner calculated to be understood by the
Claimant, setting forth the specific reasons for the decision and containing
specific references to the pertinent provisions of this Agreement on which the
decision is based. If special circumstances require that the sixty (60) day time
period be extended, the Secretary will so notify the Claimant and will render
the decision as soon as possible, but no later than one hundred twenty (120)
days after receipt of the request for review.

                  9. NON-ASSIGNABILITY OF BENEFITS. Neither the Executive, his
designated beneficiary, nor any other beneficiary under this Agreement shall
have any power or right to transfer, assign, anticipate, hypothecate, or
otherwise encumber any part or all of the amounts payable hereunder, which are
expressly declared to be unassignable and non-transferable. Any such attempted
assignment or transfer shall be void and shall terminate this Agreement; the
Corporation shall thereupon have no further liability hereunder. No amount
payable hereunder shall, prior to actual payment thereof, be subject to seizure
by any creditor of any such beneficiary for the payment of any debt, judgment,
or other obligation, by a proceeding at law or in equity, not transferable by
operation of law in the event of the bankruptcy, insolvency, or death of the
Executive, his designated beneficiary, or any other beneficiary hereunder.

                  10. AMENDMENT. This Agreement may not be amended, altered,
or modified, except by a written instrument signed by the parties hereto or
their respective successors, and may not be otherwise terminated except as
provided herein.

                  11. INUREMENT. This Agreement shall be binding upon and
inure to the benefit of the Corporation and its successors and assigns, and the
Executive, his successors, heirs, executors, administrators, and beneficiaries.

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                  12. 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.

                  13. 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. If any provision of this Agreement or the application
thereof shall for any reason and to any extent be invalid and unenforceable, the
remainder of this Agreement shall not be affected thereby, but rather shall be
enforced to the full extent permitted by law.

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement, in duplicate, as of the day and year first above written.

THE SECOND NATIONAL BANK             SECOND BANCORP, INCORPORATED   OF WARREN
"Corporation"
"Bank"

By:  __________________________      By:  ________________________________

Its: __________________________      Its: ________________________________

                                     _____________________________________
                                     Rick L. Blossom - Executive

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                                    EXHIBIT B

The Second National Bank of Warren
Deferred Compensation Agreement
Illustration as of September 5, 2005

Rick L. Blossom

Date of birth:    9-5-47

Date of hire:     9-5-99

Earnings used to calculate:
                                 Qualified                 Deferred
                                   Plan                   Compensation
                                  Benefit                    Benefit
                                -----------                -----------
      2000                      $170,000.00*               $540,000.00
      2001                      $170,000.00*               $560,600.00
      2002                      $170,000.00                $584,064.00
      2003                      $170,000.00                $607,427.00
      2004                      $170,000.00                $631,723.00

Service as of 9-5-2005

Benefit calculation as of 9-5-2005

Total annual accrued benefit:               $109,640.00
Qualified annual accrued benefit:           $ 12,485.00
Prior employer benefit                      $ 40,543.00
Deferred compensation annual benefit:       $ 56,612.00**

 *Estimated maximum recognizable compensation for qualified plans

**Benefit shown is payable unreduced at age 58 as a life annuity with 120
  payments guaranteed.

                                       80<PAGE>   1

10.18 MANAGEMENT SEVERANCE AGREEMENT BY AND BETWEEN SECOND BANCORP AND RICK L.
BLOSSOM, DATED DECEMBER 6, 1999.

                         MANAGEMENT SEVERANCE AGREEMENT
                         ------------------------------

                  THIS AGREEMENT is made this _____ day of _______________,
1999, by and between SECOND BANCORP, INCORPORATED, an Ohio corporation
(hereinafter referred to, along with its wholly owned subsidiary The Second
National Bank of Warren, as the "Corporation"), and RICK L. BLOSSOM (the
"Executive").
                                   WITNESSETH:
                  WHEREAS, Executive is a valued employee of the Corporation
with significant policy-making and operational responsibilities in the conduct
of its business; and
                  WHEREAS, the Corporation deems it to be in its best interest
that it take such steps as are prudent and appropriate to assure the quality,
stability, and continuity of management both in its normal course, day-to-day
operations and upon the occurrence of extraordinary corporate events such as,
without limitation, a possible change in control of the Corporation.
                  NOW, THEREFORE, to better assure the foregoing and in
consideration of the mutual covenants contained herein, the parties to this
Agreement do hereby agree as follows:
                  1. DEFINITIONS. For the purposes of this Agreement, the
following terms shall be defined as set forth in this Section 1.
                  1.1 "Board" shall mean the Board of Directors of Second
Bancorp, Incorporated, and any successor thereto.
                  1.2 "Change in Control" shall mean, and shall have been
deemed to have occurred if and when:

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                  (a)      any person or group of persons acting in concert and
                           not presently in control of the Corporation shall
                           have acquired ownership of or the right to vote or to
                           direct the voting of shares of capital stock of the
                           Corporation representing 51% or more of the total
                           voting power ofthe Corporation; or

                  (b)      the Corporation shall have merged into or
                           consolidated with another corporation; or another
                           corporation has merged into the Corporation, on a
                           basis whereby less than a majority of the voting
                           power of the surviving corporation is represented by
                           shares held by former shareholders of the Corporation
                           immediately prior to such merger or consolidation; or

                  (c)      the Corporation shall have sold substantially all of
                           its assets to another corporation or other entity or
                           person.

The date of any Change in Control shall be the same as the official date of the
merger, consolidation, or sale or, with respect to subpart 1.2(a), the date on
which an acquirer shall have first exercised control or influence over the
Corporation.
                  1.3 "Discharge for Cause" shall mean the termination of
Executive's employment with Second Bancorp due to (i) Executive's conviction
of either a felony involving moral turpitude or any crime in connection with his
employment by Second Bancorp; or (ii) actions by Executive as an executive
officer of Second Bancorp which are prohibited or contrary to law, or contrary
to the best interests of Second Bancorp; or (iii) Executive's willful failure to
take actions permitted or required by law and necessary to implement policies of
the Board as reflected in the minutes and records of the Board; or (iv)
Executive's continued failure to attend to his duties as an executive officer of
Second Bancorp as set forth in this Agreement; or (v) any condition which either
resulted from Executive's habitual drunkenness or addiction to narcotics, or
resulted from any intentionally self-inflicted injury.

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                  1.4 "Bonus" shall mean the full year's annual bonus paid to
Executive the year prior to a Change in Control.
                  2. TERMINATION IN CONJUNCTION WITH A CHANGE IN CONTROL. If, in
conjunction with a Change in Control, the Executive is terminated from his
employment with the Corporation under circumstances which do not constitute a
Discharge for Cause, THEN the Executive shall be entitled to compensation and
other benefits from the Corporation of the type and in the amounts described in
Sections 5 and 6 of this Agreement.
                  3. RESIGNATION WITHIN ONE Y EAR AFTER A CHANGE IN CONTROL. If,
within one year after a Change in Control, the Executive resigns his position
with the Corporation because (a) his overall remuneration has been reduced to a
level which, in his reasonable assessment, is no longer substantially equivalent
to its level just prior to the Change in Control, or (b) his job duties and
responsibilities have changed in a manner which, in the Executive's reasonable
assessment, is both material and unfavorable, or (c) his work place has been
moved to a location more than 40 miles distant from his work place at the time
of the Change in Control, THEN the Executive shall be entitled to compensation
and other benefits from the Corporation of the type and in the amounts described
in Sections 5 and 6 of this Agreement.
                  4. RESIGNATION, DISCHARGE FOR CAUSE, OR TERMINATION AS A
RESULT OF DEATH OR DISABILITY. In the event that, during the term of this
Agreement, the Executive (i) voluntarily resigns his position with the
Corporation for reasons and under circumstances other than those described in
Section 3 hereof, or (ii) is Discharged for Cause, or (iii) shall, during the
course of his employment with the Corporation, become deceased or shall become
disabled and substantially unable to perform the duties of his employment, THEN
the Executive shall have no

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right or entitlement to compensation or benefits under this Agreement. Nothing
herein contained shall be construed to exclude or disqualify the Executive from
participation in, or entitlements under, any other program or benefit otherwise
provided to the Executive by the Corporation.
                  5. COMPENSATION AND OUT-PLACEMENT SERVICES. Upon the
occurrence of an event described in Sections 2 or 3 of this Agreement, the
Executive shall be entitled to receive from the Corporation, and the Corporation
shall be obligated to pay/provide to the Executive, in consideration of past
services performed, an amount equal to 2.99 times his "base amount" compensation
as defined by Section 2800 of the Internal Revenue Code of 1985 or any
subsequent amendments thereto (the "Severance Compensation"), and (b)
comprehensive executive job search counseling and assistance through a
professional executive out-placement firm mutually agreed upon by the Executive
and the Corporation. In addition to the Executive's Severance Compensation, the
Corporation shall pay to, or continue to pay on behalf of, the Executive that
amount of money equal to the employer's contribution to Social Security taxes
(FICA) which the Corporation would have paid had the Executive remained an
employee of the Corporation. Severance Compensation shall be paid to the
Executive in thirty-six (36) consecutive equal installments (the period of time
from the date of the Executive's severance from the Corporation until the later
of (y) the date on which all Severance Compensation due him has been paid or (z)
the third anniversary date of the Executive's severance from the Corporation,
the "Severance Period" with the first such installment to be paid within thirty
(30) days after the date of Executive's severance from the Corporation. Payments
of Severance Compensation to the Executive under this Agreement shall be in
gross amounts net only of the Executive's normal and customary contributions (if
any) to the cost of the fringe benefits to which he is entitled

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under Section 6. In the event of the Executive's death during his Severance
Period, the remainder of all Severance Compensation due the Executive under this
Agreement shall be payable to his estate or other designated beneficiary as
scheduled.
                  6. FRINGE BENEFITS. Until the end of the "Benefits Period" (as
hereinafter defined), (a) the Executive and his family shall continue to be
covered by such of the Corporation's insurance plans (including, without
limitation, hospitalization, medical, accident, and life insurance plans, but
specifically excluding any disability insurance plan) as covered them on the
last day of his employment, and (b) the Executive shall retain such club
memberships as were provided to him by the Corporation just prior to the Change
in Control (the "Benefits"). The cost of the Benefits shall be shared by the
Executive and the Corporation in the same proportion as they would have been
shared had the Executive remained an employee of the Corporation. For the
purposes of this Section 6, "Benefits Period" shall mean that period of time
beginning on the day after the Executive's last day of employment with the
Corporation and ending on the EARLIER of (y) the end of his Severance Period or
(z) the date on which the Executive becomes eligible for benefits in connection
with his acceptance of a position with another company. Nothing contained in
this section shall be deemed to effect the Executive's right to purchase
extended medical or other coverages under the Consolidated Omnibus Budget
Reconciliation Act ("COBRA ") or any other similar rule, regulation, or statute
binding upon the Corporation. The Corporation and Executive agree that the
commencement date of any period during which the Executive is entitled to
purchase extended medical or other coverage under COBRA shall be the date
immediately following the end of his Severance Period.

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<PAGE>   6

                  7. CONSULTATION. During the Severance Period, the Executive
shall endeavor, but only to the extent legally permissible and practically
possible, to make himself available to the Corporation to render such advice and
assistance regarding the transition of matters under his control prior to his
departure as may reasonably be requested of him.
                  8. ENFORCEMENT COSTS. If, at any time during the term of this
Agreement, the Corporation or any other entity takes any action to declare all
or any part of this Agreement void or unenforceable, or institutes any
litigation or other legal action designed to deny, diminish, or to recover from
the Executive the benefits provided the Executive hereunder, all ordinary and
necessary expenses reasonably incurred by the Executive in connection with such
action, including, without limitation, attorney's fees, shall be paid by the
Corporation.
                  9. NO SET-OFF. The Corporation shall not be entitled to
set-off against the amounts payable to or on behalf of the Executive under this
Agreement any amounts earned by the Executive in other employment after his
severance from the Corporation, or any amount which might have been earned by
the Executive in other employment had he sought such other employment.
                  10. TERM OF THIS AGREEMENT. This Agreement shall terminate on
the tenth (10th) anniversary date hereof, unless extended by mutual consent of
the parties. In the event that the Executive is severed from the Corporation
less than one (1) year before the termination date of this Agreement, this
Agreement shall automatically be extended to the end of the Severance Period.
                  11. SUCCESSORS AND ASSIGNS. This Agreement shall be binding
upon and inure

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<PAGE>   7

to the benefit of the Corporation and its successors and assigns, and shall be
binding upon and inure to the benefit of the Executive and his legal
representatives, heirs, and assigns.
                  12. GOVERNING LAW; SEVERABILITY. This Agreement and the
relationships of the parties in connection with the subject matter of this
Agreement shall be governed by and interpreted in accordance with the laws of
the State of Ohio. If any provision of this Agreement or the application thereof
shall for any reason and to any extent be invalid or unenforceable, the
remainder of this Agreement shall not be affected thereby, but rather shall be
enforced to the full extent permitted by law.
                  IN WITNESS WHEREOF, this Agreement has been executed at
Warren, Ohio, this _____ day of _______________, 1999.

Signed and acknowledged                     SECOND BANCORP, INCORPORATED
in the presence of:

_________________________________           By: ______________________________

                                            Its: _____________________________

_________________________________           __________________________________
                                            Rick L. Blossom - Executive

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