Document:

EX-10.1

Exhibit 10.1

EMPLOYMENT AGREEMENT EXTENSION

     THIS EMPLOYMENT AGREEMENT EXTENSION (this “AGREEMENT EXTENSION”) is entered into effective the
13th day of May, 2009, by and between The Franklin Savings and Loan Company, a savings
and loan association organized under the laws of the State of Ohio (the “EMPLOYER”), and Thomas H
Siemers (the “EMPLOYEE”).

WITNESSETH:

     WHEREAS, the EMPLOYEE is currently employed as the Chairman of the Board of Directors of the
Employer; and

     WHEREAS, the EMPLOYER and the EMPLOYEE are parties to an Employment Agreement dated October
23, 2000, and amended December 30, 2008 (the “AGREEMENT”); and

     WHEREAS, the current expiration date of the AGREEMENT is July 1, 2011 and

     WHEREAS, Section 1 of the AGREEMENT provides that the EMPLOYER’s BOARD may extend the term of
the AGREEMENT; and

     WHEREAS, as a result of the skill, knowledge, performance and experience of the EMPLOYEE, the
BOARD of the EMPLOYER has determined that the AGREEMENT should be extended; and

     WHEREAS, the EMPLOYEE desires to continue to serve as the Chairman of the Board of Directors
of the EMPLOYER and consents to the extension of the AGREEMENT;

     NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the
EMPLOYER and the EMPLOYEE hereby agree as follows:

     1. Extension of EMPLOYMENT TERM. The EMPLOYMENT TERM of the AGREEMENT is hereby
extended and the AGREEMENT shall terminate and expire on March 31, 2012.

     2. Effect of Prior Agreements. All of the terms and conditions of the AGREEMENT shall
remain in full force and effect during the EMPLOYMENT TERM, as extended by this AGREEMENT
EXTENSION.

     3. Definitions. Capitalized terms used in this AGREEMENT EXTENSION without definition
shall have the meanings given to such terms in the AGREEMENT.

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     IN WITNESS WHEREOF, the EMPLOYER has caused this AGREEMENT EXTENSION to be executed by its
duly authorized officer, and the EMPLOYEE has consented to and signed this AGREEMENT EXTENSION,
each as of the date first above written.

	 	 	 	 	 
	EMPLOYER

FRANKLIN
SAVINGS AND LOAN COMPANY

	 	 	EMPLOYEE

/s/
Thomas H Siemers

	

	 	 	
Name: Thomas H Siemers

	 	 	 	 	 
	By:  	/s/
Daniel T. Voelpel

 	 	 
	 	Daniel T Voelpel 	 	 
	 	Its: Senior Vice PresidentEX-10.2

Exhibit 10.2

EMPLOYMENT AGREEMENT EXTENSION

     THIS EMPLOYMENT AGREEMENT EXTENSION (this “AGREEMENT EXTENSION”) is entered into effective the
13th day of May, 2009, by and between The Franklin Savings and Loan Company, a savings
and loan association organized under the laws of the State of Ohio (the “EMPLOYER”), and Gretchen J
Schmidt (the “EMPLOYEE”).

WITNESSETH:

     WHEREAS, the EMPLOYEE is currently employed as the President of the Employer; and

     WHEREAS, the EMPLOYER and the EMPLOYEE are parties to an Employment Agreement dated July 1,
2006, and amended December 30, 2008 (the “AGREEMENT”); and

     WHEREAS, the current expiration date of the AGREEMENT is July 1, 2011 and

     WHEREAS, Section 1 of the AGREEMENT provides that the EMPLOYER’s BOARD may extend the term of
the AGREEMENT; and

     WHEREAS, as a result of the skill, knowledge, performance and experience of the EMPLOYEE, the
BOARD of the EMPLOYER has determined that the AGREEMENT should be extended; and

     WHEREAS, the EMPLOYEE desires to continue to serve as the President of the EMPLOYER and
consents to the extension of the AGREEMENT;

     NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the
EMPLOYER and the EMPLOYEE hereby agree as follows:

     1. Extension of EMPLOYMENT TERM. The EMPLOYMENT TERM of the AGREEMENT is hereby
extended and the AGREEMENT shall terminate and expire on March 31, 2012.

     2. Effect of Prior Agreements. All of the terms and conditions of the AGREEMENT shall
remain in full force and effect during the EMPLOYMENT TERM, as extended by this AGREEMENT
EXTENSION.

     3. Definitions. Capitalized terms used in this AGREEMENT EXTENSION without definition
shall have the meanings given to such terms in the AGREEMENT.

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     IN WITNESS WHEREOF, the EMPLOYER has caused this AGREEMENT EXTENSION to be executed by its
duly authorized officer, and the EMPLOYEE has consented to and signed this AGREEMENT EXTENSION,
each as of the date first above written.

	 	 	 	 	 
	EMPLOYER

FRANKLIN SAVINGS AND LOAN COMPANY

	 	 	EMPLOYEE

/s/
Gretchen J. Schmidt

	

	 	 	
Name: Gretchen J Schmidt

	 	 	 	 	 

	By:  	
/s/ Daniel T. Voelpel

 	 	 
	 	Daniel T Voelpel 	 	 
	 	Its: Senior Vice PresidentEX-10.3

Exhibit 10.3

EMPLOYMENT AGREEMENT EXTENSION

     THIS EMPLOYMENT AGREEMENT EXTENSION (this “AGREEMENT EXTENSION”) is entered into effective the
13th day of May, 2009, by and between The Franklin Savings and Loan Company, a savings
and loan association organized under the laws of the State of Ohio (the “EMPLOYER”), and Daniel T.
Voelpel (the “EMPLOYEE”).

WITNESSETH:

     WHEREAS, the EMPLOYEE is currently employed as the Senior Vice President and CFO of the
Employer; and

     WHEREAS, the EMPLOYER and the EMPLOYEE are parties to an Employment Agreement dated July 1,
2006, and amended December 30, 2008 (the “AGREEMENT”); and

     WHEREAS, the current expiration date of the AGREEMENT is July 1, 2011 and

     WHEREAS, Section 1 of the AGREEMENT provides that the EMPLOYER’s BOARD may extend the term of
the AGREEMENT; and

     WHEREAS, as a result of the skill, knowledge, performance and experience of the EMPLOYEE, the
BOARD of the EMPLOYER has determined that the AGREEMENT should be extended; and

     WHEREAS, the EMPLOYEE desires to continue to serve as the Senior Vice President and CFO of the
EMPLOYER and consents to the extension of the AGREEMENT;

     NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the
EMPLOYER and the EMPLOYEE hereby agree as follows:

     1. Extension of EMPLOYMENT TERM. The EMPLOYMENT TERM of the AGREEMENT is hereby
extended and the AGREEMENT shall terminate and expire on March 31, 2012.

     2. Effect of Prior Agreements. All of the terms and conditions of the AGREEMENT shall
remain in full force and effect during the EMPLOYMENT TERM, as extended by this AGREEMENT
EXTENSION.

     3. Definitions. Capitalized terms used in this AGREEMENT EXTENSION without definition
shall have the meanings given to such terms in the AGREEMENT.

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     IN WITNESS WHEREOF, the EMPLOYER has caused this AGREEMENT EXTENSION to be executed by its
duly authorized officer, and the EMPLOYEE has consented to and signed this AGREEMENT EXTENSION,
each as of the date first above written.

	 	 	 	 	 
	EMPLOYER

FRANKLIN SAVINGS AND LOAN COMPANY

	 	 	EMPLOYEE

/s/ Daniel T. Voelpel

	

	 	 	
Name: Daniel T Voelpel

	 	 	 	 	 
	By:  	/s/
Gretchen J. Schmidt

 	 	 
	 	Gretchen J. Schmidt
 	 	 
	 	Its: PresidentEX-10.4

Exhibit 10.4

EMPLOYMENT AGREEMENT EXTENSION

     THIS EMPLOYMENT AGREEMENT EXTENSION (this “AGREEMENT EXTENSION”) is entered into effective the
13th day of May, 2009, by and between The Franklin Savings and Loan Company, a savings
and loan association organized under the laws of the State of Ohio (the “EMPLOYER”), and Lawrence J
Spitzmueller (the “EMPLOYEE”).

WITNESSETH:

     WHEREAS, the EMPLOYEE is currently employed as the Vice President of the Employer; and

     WHEREAS, the EMPLOYER and the EMPLOYEE are parties to an Employment Agreement dated December
20, 2004, and amended December 30, 2008 (the “AGREEMENT”); and

     WHEREAS, the current expiration date of the AGREEMENT is December 20, 2011 and

     WHEREAS, Section 1 of the AGREEMENT provides that the EMPLOYER’s BOARD may extend the term of
the AGREEMENT; and

     WHEREAS, as a result of the skill, knowledge, performance and experience of the EMPLOYEE, the
BOARD of the EMPLOYER has determined that the AGREEMENT should be extended; and

     WHEREAS, the EMPLOYEE desires to continue to serve as the Vice President of the EMPLOYER and
consents to the extension of the AGREEMENT;

     NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the
EMPLOYER and the EMPLOYEE hereby agree as follows:

     1. Extension of EMPLOYMENT TERM. The EMPLOYMENT TERM of the AGREEMENT is hereby
extended and the AGREEMENT shall terminate and expire on March 31, 2012.

     2. Effect of Prior Agreements. All of the terms and conditions of the AGREEMENT shall
remain in full force and effect during the EMPLOYMENT TERM, as extended by this AGREEMENT
EXTENSION.

     3. Definitions. Capitalized terms used in this AGREEMENT EXTENSION without definition
shall have the meanings given to such terms in the AGREEMENT.

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     IN WITNESS WHEREOF, the EMPLOYER has caused this AGREEMENT EXTENSION to be executed by its
duly authorized officer, and the EMPLOYEE has consented to and signed this AGREEMENT EXTENSION,
each as of the date first above written.

	 	 	 	 	 
	EMPLOYER

FRANKLIN SAVINGS AND LOAN COMPANY

	 	 	EMPLOYEE

/s/
Lawrence J. Spitzmueller

	

	 	 	
Name: Lawrence J Spitzmueller

	 	 	 	 	 
	By:  	/s/
Gretchen J. Schmidt

 	 	 
	 	Gretchen J. Schmidt  	 	 
	 	Its: PresidentEX-10.5

	 	 	 	 	 

Exhibit 10.5

EMPLOYMENT AGREEMENT AMENDMENT

     THIS EMPLOYMENT AGREEMENT AMENDMENT (this “AMENDMENT”) is entered into as of May 13, 2009, by
and between Franklin Savings and Loan Company (the “EMPLOYER”) and Gregory W. Meyers (the
“EMPLOYEE”).

     WHEREAS, the EMPLOYER and EMPLOYEE are parties to an AGREEMENT, effective as of August 15,
2004, and amended December 30, 2008 (as the same may be amended from time to time, the
“AGREEMENT”);

     WHEREAS, the current expiration date of the AGREEMENT is August 15, 2011; and

     WHEREAS, the EMPLOYER and the EMPLOYEE each desire to amend the AGREEMENT as described herein;

     NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the EMPLOYER and the
EMPLOYEE agree as follows:

     1. Section 4(b) of the AGREEMENT is hereby deleted in its entirety and the following Section
4(b) shall be substituted therefor:

          (b) Termination without Change of Control.

     (i) In the event that the EMPLOYER terminates the employment of the
EMPLOYEE for any reason other than JUST CAUSE, and the termination is not in
connection with a CHANGE OF CONTROL pursuant to Section 4(a) of this AGREEMENT,
the EMPLOYER shall be obligated to continue to: (A) pay to the EMPLOYEE, his
designated beneficiaries or his estate, his annual salary provided pursuant to
Section 3(a) of this AGREEMENT as of the date of termination until the end of
the EMPLOYMENT TERM; and (B) provide to the EMPLOYEE, his eligible dependents
and beneficiaries, at the EMPLOYER’s expense, group health benefits,
hospitalization and disability benefits substantially equal to those being
provided to the EMPLOYEE at the date of termination of his employment, to the
extent permitted under the terms of such plans, until the earliest to occur of
(1) the first anniversary of the effective date of the EMPLOYEE’s termination,
or (2) the date the EMPLOYER is included in another employer’s plans providing
comparable benefits and coverage.

     (ii) Payment of the amounts described in Section 4(b)(i) shall be subject
to the following:

     (A) If the amounts described in Section 4(b)(i) are equal to or
less than the lesser of (i) twice the EMPLOYEE’s annualized base salary
for the year immediately preceding the year of

 

 

termination (adjusted for
any increase during the year of termination that was expected to
continue indefinitely) or (ii) twice the limit set forth in Section
401(a)(17) of the Internal Revenue Code for the year of termination
(such lesser amount being the “MONTHLY PAYMENT LIMIT”), payment shall be
made in substantially equal monthly installments for the remainder of
the EMPLOYMENT TERM (but in no event later than December 31 of the
second calendar year following the year of termination); and

     (B) If the amounts described in Section 4(b)(i) exceed the MONTHLY
PAYMENT LIMIT, then the MONTHLY PAYMENT LIMIT shall be paid in
substantially equal monthly installments for the remainder of the
EMPLOYMENT TERM (but in no event later than December 31 of the second
calendar year following the year of termination), and any excess over
the MONTHLY PAYMENT LIMIT shall be paid in a lump sum no later than 60
days following the EMPLOYEE’s termination.

     2. Extension
of EMPLOYMENT TERM. The EMPLOYMENT TERM of the AGREEMENT is hereby extended and
the AGREEMENT shall terminate and expire on March 31, 2012.

     3. Effect of Prior Agreements. Except as amended or extended by the AMENDMENT, all of
the terms and conditions of the AGREEMENT shall remain in full force and effect during the
EMPLOYMENT TERM.

     4. Definitions. Capitalized terms used in this AMENDMENT without definition shall
have the meanings given to such terms in the AGREEMENT.

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     IN WITNESS WHEREOF, the parties have executed this Amendment effective as of the first date
set forth above.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	EMPLOYER	 	 	 	EMPLOYEE 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	FRANKLIN SAVINGS AND LOAN COMPANY	 	 	 	/s/
Gregory W. Meyers	 	 
	 	 	 	 	Gregory W. Meyers	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/
Gretchen J. Schmidt 	 	 	 	 	 	 	 	 	 	 
	 

	 	Gretchen J. Schmidt	 	 	 	 	 	 	 	 	 	 
	 

	 	 Its:
	 	
President	 	 	 	 	 	 	 	 	 	 

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