Document:

Exhibit 4.4

                                 AMENDMENT NO. 2
                                     TO THE
                                VAIL BANKS, INC.
                    AMENDED AND RESTATED STOCK INCENTIVE PLAN

        THIS AMENDMENT is hereby made and entered into this 19th day of April,
2004, by VAIL BANKS, INC. (the "Company").

                              W I T N E S S E T H:
                               - - - - - - - - - -

        WHEREAS, the Company adopted the Amended and Restated Stock Incentive
Plan (the "Plan") on June 25, 1998, to provide grants of stock options and other
equity awards to employees who are responsible for the future growth and
continued success of the business; and

        WHEREAS, the shareholders previously approved the Plan; and

        WHEREAS, the Company now desires to amend the Plan in the manner
hereinafter provided, subject to the approval of the Company's shareholders;

        NOW, THEREFORE, for and in consideration of the premises and other good
and valuable consideration, the Plan is hereby amended as follows:

                                       1.

        SECTION 1.1 of the Plan is amended by deleting the last sentence of the
first paragraph in its entirety and substituting the following therefor:

        "The Plan permits the grant of Incentive Stock Options, Nonqualified
        Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted
        Stock Units, Stock Awards, and Performance Share Awards."

                                       2.

        SECTION 2(B) of the Plan is amended by deleting such section in its
entirety and substituting the following therefor:

        "(b)    "AWARD" means, individually or collectively, a grant under this
                Plan of Incentive Stock Options, Nonqualified Stock Options,
                Restricted Stock, Restricted Stock Units, Stock Appreciation
                Rights, Stock Awards, or Performance Share Awards."

                                       3.

        ARTICLE 2 of the Plan is amended by adding the following new definitions
as subsections (bb) and (dd), and by renumbering the existing subsection (bb) as
(cc), (cc) as (ee), and (dd) as (ff):

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<PAGE>

        "(bb) "Restricted Stock Units (or RSUs)" means a right granted under
        Article 7 of the Plan to receive a number of Shares or a cash payment
        for each such Share equal to the Fair Market Value of a Share on a
        specified date."

         "(dd) "Stock Appreciation Right" or "SAR" means an Award granted under
         Article 6 which provides for an amount payable in Shares and/or cash,
         as determined by the Committee, equal to the excess of the Fair Market
         Value of a Share on the day the Stock Appreciation Right is exercised
         over the specified purchase price."

                                       4.

        ARTICLE 4 of the Plan is amended by deleting such Article in its
entirety and substituting the following therefor:

        "ARTICLE 4. SHARES SUBJECT TO THE PLAN

        4.1 NUMBER OF SHARES. (a) Subject to adjustment as provided in Section
        4.3, the aggregate number of Shares which are available for issuance
        pursuant to Awards under the Plan is one million two hundred fifty
        thousand (1,250,000) Shares, of which, 625,000 Shares may be granted as
        ISOs. In addition, the number of Shares available for issuance under the
        Plan shall automatically increase on each January 1st by an amount equal
        to twenty percent (20%) of the increase, if any, in the total number of
        Shares outstanding as of such January 1st over the number of such Shares
        outstanding as of the immediately preceding January 1st; provided,
        however, that none of the Shares added each calendar year under this
        automatic increase provision shall be available for grant of ISOs. The
        total issued and outstanding Shares as of any January 1st shall include
        for purposes of the above calculations the number of Shares into which
        other securities or instruments (e.g., convertible preferred stock or
        convertible debentures, but not outstanding options or warrants to
        acquire stock) issued by the Company are currently convertible. All
        Shares issued under this Plan shall be made available from Shares
        currently authorized but unissued or Shares currently held (or
        subsequently acquired) by the Company as treasury shares, including
        Shares purchased in the open market or in private transactions.

                (b) The following rules shall apply for purposes of the
        determination of the number of Shares available for grant under the
        Plan:

                        (i) If, for any reason, any Shares awarded or subject to
                purchase under the Plan are not delivered or purchased, or are
                reacquired by the Company, for reasons including, but not
                limited to, a forfeiture of Restricted Stock or termination,
                expiration or cancellation of an Option, Stock Appreciation
                Right, Restricted Stock Units, or Performance Shares, such
                Shares shall not be charged against the aggregate number of
                Shares available for issuance pursuant to Awards under the Plan
                and shall again be available for issuance pursuant to Awards
                under the Plan. If the exercise price and/or withholding
                obligation under an Option is satisfied by tendering Shares to
                the Company (either by actual delivery or attestation), only the
                number of Shares issued net of the Shares so tendered shall be
                deemed delivered for purposes of

                                  Page 2 of 6
<PAGE>

                determining the maximum number of Shares available for issuance
                under the Plan.

                        (ii) Each Performance Share awarded that may be settled
                in a Share shall be counted as one Share subject to an Award.
                Performance Shares that may not be settled in Shares (or that
                may be settled in Shares but are not) shall not result in a
                charge against the aggregate number of Shares available for
                issuance.

                        (iii) Each Stock Appreciation Right or Restricted Stock
                Unit that may be settled in a Share shall be counted as one
                Share subject to an award. Stock Appreciation Rights or
                Restricted Stock Units that may not be settled in Shares (or
                that may be settled in Shares but are not) shall not result in a
                charge against the aggregate number of Shares available for
                issuance. In addition, if a Stock Appreciation Right is granted
                in connection with an Option and the exercise of the Stock
                Appreciation Right results in the loss of the Option right, the
                Shares that otherwise would have been issued upon the exercise
                of such related Option shall not result in a charge against the
                aggregate number of Shares available for issuance.

                4.2 INDIVIDUAL LIMITS. Except to the extent the Committee
        determines that an Award to a Named Executive Officer shall not comply
        with the performance-based compensation provisions of Code Section
        162(m), the following rules shall apply to Awards under the Plan:

                (a) OPTIONS AND SARS. The maximum number of Options and Stock
        Appreciation Rights that, in the aggregate, may be granted pursuant to
        Awards in any one calendar year to any one Participant shall be one
        hundred thousand (100,000).

                (b) RESTRICTED STOCK, RESTRICTED STOCK UNITS AND PERFORMANCE
        SHARES. The maximum aggregate number of Shares of Restricted Stock,
        number of Restricted Stock Units and Performance Shares that may be
        granted pursuant to Awards in any one calendar year to any one
        Participant shall be one hundred thousand (100,000) Shares.

                4.3 ADJUSTMENT OF SHARES. If any change in corporate
        capitalization, such as a stock split, reverse stock split, stock
        dividend, or any corporate transaction such as a reorganization,
        reclassification, merger or consolidation or separation, including a
        spin-off, of the Company or sale or other disposition by the Company of
        all or a portion of its assets, any other change in the Company's
        corporate structure, or any distribution to stockholders (other than a
        cash dividend) results in the outstanding Shares, or any securities
        exchanged therefor or received in their place, being exchanged for a
        different number or class of shares or other securities of the Company,
        or for shares of stock or other securities of any other corporation; or
        new, different or additional shares or other securities of the Company
        or of any other corporation being received by the holders of outstanding
        Shares; then equitable adjustments shall be made by the Committee, as it
        determines are necessary and appropriate, in:

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<PAGE>

                (a) the limitation on the aggregate number of Shares that may be
        awarded as set forth in Section 4.1, including, without limitation, with
        respect to Incentive Stock Options;

                (b) the limitations on the aggregate number of Shares that may
        be awarded to any one single Participant as set forth in Section 4.2;

                (c) the number and class of Shares that may be subject to an
        Award, and which have not been issued or transferred under an
        outstanding Award;

                (d) the Option Price under outstanding Options and the number of
        Shares to be transferred in settlement of outstanding Stock Appreciation
        Rights; and

                (e) the terms, conditions or restrictions of any Award and
        Agreement, including the price payable for the acquisition of Shares;
        provided, however, that all such adjustments made in respect of each ISO
        shall be accomplished so that such Option shall continue to be an
        incentive stock option within the meaning of Code Section 422."

                                       5.

        ARTICLE 6 of the Plan is amended by adding the following as a new
SECTION 6.9:

                "6.9 STOCK APPRECIATION RIGHTS

                (a) GRANT OF SARS. A Stock Appreciation Right may be granted to
        a Participant in connection with an Option granted under this Plan or
        may be granted independently of any Option. A Stock Appreciation Right
        shall entitle the holder, within the exercise period (which shall not
        exceed 10 years), to exercise the SAR and receive in exchange therefor a
        payment having an aggregate value equal to the amount by which the Fair
        Market Value of a Share exceeds the exercise price, times the number of
        Shares with respect to which the SAR is exercised. SARs shall be subject
        to the same limitations on transferability as Nonqualified Stock Options
        as provided in Section 6.7. A SAR granted in connection with an Option
        (a "Tandem SAR") shall entitle the holder of the related Option, within
        the period specified for the exercise of the Option, to surrender the
        unexercised Option, or a portion thereof, and to receive in exchange
        therefor a payment having an aggregate value equal to the amount by
        which the Fair Market Value of a Share exceeds the Option price per
        Share, times the number of Shares under the Option, or portion thereof,
        which is surrendered. The Committee may provide in the Agreement for an
        SAR for automatic accelerated vesting and other rights upon the
        occurrence of a Change in Control or upon the occurrence of other events
        specified in the Agreement.

                (b) TANDEM SARS. Each Tandem SAR shall be subject to the same
        terms and conditions as the related Option, including limitations on
        transferability, and shall be exercisable only to the extent such Option
        is exercisable and shall terminate or lapse and cease to be exercisable
        when the related Option terminates or lapses. The grant of Stock
        Appreciation Rights related to ISOs must be concurrent with the

                                  Page 4 of 6
<PAGE>

        grant of the ISOs. With respect to NQSOs, the grant either may be
        concurrent with the grant of the NQSOs, or in connection with NQSOs
        previously granted under this Article 6, which are unexercised and have
        not terminated or lapsed.

                (c) PAYMENT. The Committee shall have sole discretion to
        determine in each Agreement whether the payment with respect to the
        exercise of an SAR will be in the form of all cash, all Shares, or any
        combination thereof. If payment is to be made in Shares, the number of
        Shares shall be determined based on the Fair Market Value of a Share on
        the date of exercise. If the Committee elects to make full payment in
        Shares, no fractional Shares shall be issued and cash payments shall be
        made in lieu of fractional shares. The Committee shall have sole
        discretion as to the timing of any payment made in cash or Shares, or a
        combination thereof, upon exercise of SARs. Payment may be made in a
        lump sum, in annual installments or may be otherwise deferred; and the
        Committee shall have sole discretion to determine whether any deferred
        payments may bear amounts equivalent to interest or cash dividends.

                (d) EXERCISE OF SARS. Upon exercise of an SAR, the number of
        Shares subject to exercise under any related Option shall automatically
        be reduced by the number of Shares represented by the Option or portion
        thereof which is surrendered."

                                       6.

        ARTICLE 7 of the Plan is amended by adding the following as a new
SECTION 7.6:

                "7.6 RESTRICTED STOCK UNITS (OR RSUS). Awards of Restricted
        Stock Units may be made to Participants in accordance with the following
        terms and conditions:

                (a) The Committee, in its discretion, shall determine the number
        of RSUs to grant to a Participant, the Restriction Period and other
        terms and conditions of the Award, including whether the Award will be
        paid in cash, Shares or a combination of the two and the time when the
        Award will be payable (i.e., at vesting, termination of employment or
        another date).

                (b) Unless the Agreement provides otherwise, RSUs shall not be
        sold, transferred or otherwise disposed of and shall not be pledged or
        otherwise hypothecated.

                (c) Restrictions upon RSUs awarded hereunder shall lapse at such
        time or times and on such terms and conditions as the Committee may
        provide in the Agreement. Unless the Agreement provides otherwise, in
        the event of a Change in Control, all restrictions upon any RSUs shall
        lapse immediately and all such RSUs shall become fully vested in the
        Participant.

                (d) The Agreement shall set forth the terms and conditions that
        shall apply upon the termination of the Participant's employment with
        the Company or

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<PAGE>

        any subsidiary of the Company (including a forfeiture of RSUs for which
        the restrictions have not lapsed upon Participant's ceasing to be
        employed) as the Committee may, in its discretion, determine at the time
        the Award is granted or thereafter."

                                       7.

        SECTION 13.1 of the Plan is amended by deleting such section in its
        entirety and substituting the following therefor:

        "13.1 AMENDMENT, MODIFICATION AND TERMINATION. Subject to the
        requirements of Section 13.2, the Committee or the Board may, at any
        time, terminate or from time to time amend the Plan in whole or in part.
        To the extent required by Code Sections 162(m) or 422 and/or the rules
        of NASDAQ or any exchange upon which the Shares are traded or other
        applicable law, no amendment shall be effective unless approved by the
        shareholders of the Company at an annual or special meeting."

                                       8.

        Except as hereby modified, the Plan shall remain in full force and
effect in accordance with its terms.

        IN WITNESS WHEREOF, the Company has executed this Amendment as of the
day and year first written above.

                                          VAIL BANKS, INC.

                                          By:  /s/ Lisa M. Dillon
                                              ----------------------------------EX-10-1

	Exhibit 10.1 –  	 Employment Agreement Between The First of Long Island Corporation and Michael N.
Vittorio Dated January 3, 2005  

[THE FIRST OF LONG
ISLAND CORPORATION LETTERHEAD]  

January 3, 2005 

Mr. Michael N.
Vittorio 

Dear Mr. Vittorio: 

        This
letter employment agreement (the “Agreement”) supersedes and replaces your
Employment Agreement dated July 1, 2004. The terms and conditions of your employment by
The First of Long Island Corporation (“FLIC”) and its subsidiary, The First
National Bank of Long Island (the “Bank”), are as follows: 

	1. 	TERM;
RENEWAL  

          
The
Initial Term of the Agreement shall run from January 1, 2005 through and including
December 31, 2007. If not terminated as described below, the term of the Agreement shall,
on January 1 of each year (beginning January 1, 2006), automatically be extended for an
additional year, resulting in a new three-year term (a “Renewal Term”), with
such modifications hereto as the parties shall agree in writing; provided, however, that
the Agreement shall not be so extended in the event that you or FLIC provide written
notice of non-extension to the other party no later than sixty (60) days prior of the end
of any calendar year. Notwithstanding the foregoing, FLIC may not provide such notice of
non-extension during any period of time in which the Board of Directors of FLIC is
actively negotiating a transaction, the consummation of which would constitute a Change
of Control Event (as hereinafter defined).  

	2.  	CAPACITY;
DUTIES  

          
A.     You shall be employed in the capacity of President and Chief Executive Officer
          of FLIC and such other senior executive title or titles of FLIC or the Bank as
          may from time to time be determined by the Boards of Directors of the Bank and
          FLIC. You shall be proposed for election to the Board of Directors of FLIC at
          each annual meeting of shareholders at which you must stand for election in
          order to continue as a director and you shall be appointed by FLIC to serve as
a           director of the Bank during your tenure as an executive officer of the Bank.  

          
B.                         You agree to devote your full time and
attention and best efforts to the                     faithful and diligent performance
of your duties to FLIC and the Bank, and you                     shall serve and further
the best interests and enhance the reputation of FLIC                     and the Bank to
the best of your ability. Nothing herein shall be construed as
                    preventing you from serving as a member of the board of directors of
any                     non-profit organization or, with the consent of the Board of
Directors of FLIC,                     of any for-profit organization, in either case
subject to and consistent with                     applicable laws. You shall also
provide services to the Boards of Directors of                     the Bank and FLIC.  

          
C.     Your responsibilities and duties shall include the
following: 

                    
(i)
                         You shall be the Chief Executive Officer of
FLIC responsible for the operation                     and management of FLIC, the Bank
and any other direct or indirect subsidiary of                     FLIC. All officers and
other employees of FLIC, the Bank and any other direct or                     indirect
subsidiary of FLIC, shall report or be ultimately responsible to you
                    throughout the Term and any Renewal Term hereof. FLIC agrees that,
without your                     express consent, it will not, and will not permit the
Bank or any other direct                     or indirect subsidiary to appoint anyone to
a position with responsibilities and                     authorities senior to those of
you.  

                    
(ii)                         You shall also serve on and chair, where you
deem appropriate, the following                     committees of the Bank, FLIC, the
Board of Directors of the Bank or the Board of                     Directors of FLIC:  

          A.
    Executive Committee;  

2 

          B.     
Loan Committee; 

          C.     
Investment Management Division                     Committee; 

          D.     
Compliance Committee;  

          E.     
Such other committees as you shall                     determine, except auditing and
examining committees.  

	3.  	COMPENSATION  

          As
full compensation for your services, you shall receive the following from FLIC or, in the
discretion of FLIC, it shall cause the following to be paid or provided to you by the
Bank:  

          A.
              A Base Annual Salary, payable bi-weekly, of not less
than Three Hundred Twenty           Seven Thousand Five Hundred Dollars ($327,500.00);
provided, however, that no           later than January 15 of each year that this
Agreement shall remain in effect,           beginning in the year 2006, the Board of
Directors of FLIC shall review your           compensation, without any commitment, to
determine whether to increase your Base           Annual Salary hereunder. In the event
that the Board of Directors of FLIC does,           from time to time, increase your Base
Annual Salary, the increased amount shall           be your Base Annual Salary for all
purposes of this Agreement, and such           increased amount shall be the minimum
amount payable hereunder.  

          B.              The
use of an appropriate new automobile furnished by the Bank.  

          C.              Reimbursement
for country club dues and for expenses incurred by you at the club           that are
necessary and proper in the conduct of the business of FLIC or the           Bank.  

          D.              Participation
in the existing The First National Bank of Long Island           Supplemental Executive
Retirement Program.  

          E.              A
group term life insurance policy insuring your life, the beneficiary of which
          shall be designated by you, with a face amount of not less than two times the
          Base Annual Salary, provided that you meet the insurance company’s
physical           qualifications.  

          F.     Such
other benefits as are consistent with the personnel benefits provided by the
Bank and FLIC to its officers and employees; provided, however, that your
vacation shall be for a period of no less than five (5) weeks.  

	4. 	TERMINATION
PAYMENT.  

          A.    
Entitlement.
FLIC shall make a payment to you, in the amount provided for in Paragraph “B” of
this Section (the “Termination Payment”), in the event of, and within
ten (10) days after, the occurrence of either of the following:  

                    
(i)              You
resign your employment with the Bank for any reason within one hundred           twenty
(120) days after a Change of Control Event (as such term is hereinafter
          defined); or  

                    
(ii)              Your
employment is terminated by the Bank, provided, however, that you shall not           be
entitled to receive such payment if such termination is due to gross and
          substantial dishonesty on your part. A resignation by you which follows any
          default by FLIC in complying with the provisions of this Agreement shall be
          deemed a termination of your employment by FLIC and shall thereby entitle you
to           receive the Termination Amount as provided hereunder.  

          B.
    Amount. Regardless of the length of the then remaining
portion of the Initial Term or Renewal Term, as the case may be, the Termination Payment
shall be equal to Three Hundred Per Cent (300%) of your then current Base Annual Salary
in the event of termination of your employment pursuant to Section 4(A)(i) or your
resignation pursuant to Section 4(A)(ii).  

          C.
    Limitation on Payment.
In no event shall any amounts payable pursuant to this Section 4 which are deemed to be
Parachute Payments (as hereinafter defined), when added to any other payments made to you
or for your benefit which are deemed to be Parachute Payments, equal or exceed three (3)
times your Base Amount (as hereinafter defined), and any amount payable under Paragraph B
of this Section 4 shall be reduced by the smallest amount necessary to reduce the
aggregate amount of all such payments to one dollar ($1.00) less than three (3) times
such Base Amount.  

3 

          D.    
Other Resignation. You will not be entitled to any payment in the event of your
resignation, except to the extent provided in the foregoing Section 4(A)(i) and
(ii).  

          E.    
Payor.
FLIC may elect to discharge its obligation to make any or all of the foregoing
payments by causing the Bank to do so.  

	5.  	NO
MITIGATION.  

          All
payments and benefits to which you are entitled under Section 4 shall be made and
provided without offset, deduction or mitigation on account of income or benefits you may
receive from other employment or otherwise.  

	6.  	INELIGIBILITY
FOR TERMINATION PAYMENT.  

          Regardless
of whether a Change of Control Event shall have occurred, you shall not be entitled to
any Termination Payment in the event that your employment is terminated by reason of your
death, normal retirement or disability.  

	7.  	DEFINITIONS.  

          A.    
“Base Amount” shall mean the amount
which is deemed to constitute your “base amount” pursuant to Section
280G of the Internal Revenue Code of 1986.  

          B.
     “Change of Control Event” shall mean the
occurrence of any one of the following:  

                    
(i)
              Continuing Outside Directors (as hereinafter defined)
no longer constitute at           least two-thirds (2/3) of Outside Directors (as
hereinafter defined) of FLIC;  

                    
(ii)
              There shall be consummated a merger or consolidation of
FLIC, unless at least           two-thirds (2/3) of Continuing Outside Directors are to
continue to constitute           at least two-thirds (2/3) of Continuing Directors;  

                    
(iii)
              At least two-thirds (2/3) of Continuing Outside
Directors determine that action           taken by stockholders constitutes a Change of
Control Event; or  

                    
(iv)
              The Bank shall cease to be a wholly-owned subsidiary of
FLIC.  

          C.
     “Continuing Outside Director” shall mean any
individual who is not an employee of FLIC or the Bank and who (i) is a director
of FLIC as of the date hereof, (ii) prior to election as a director is
nominated by at least two-thirds (2/3) of the Continuing Outside Directors, or
(iii) following election as a director is designated a Continuing Outside
Director by at least two-thirds (2/3) of Continuing Outside Directors.  

          D.    
“Outside Director” shall mean an individual who is not an employee of FLIC or the
Bank who is a director of FLIC.  

	8.  	INSURANCE.  

          8.1    
In the event that you shall cease to be employed by the Bank under circumstances
entitling you to receive a Termination Payment hereunder, FLIC shall, at no cost to you,
continue to cover you under, or provide you with, family medical and dental coverage
subsequent to the date of termination of your employment. Such coverage shall be
continued for a period ending on the date which is thirty-six (36) months after the
termination date and shall be no less favorable than your medical and dental coverage in
effect on such termination date; provided, however, that if such termination date is
subsequent to the occurrence of a Change of Control Event, the coverage to be provided
hereunder shall be no less favorable than the coverage in effect immediately prior to the
occurrence of such Change of Control Event.  

4 

          8.2    Notwithstanding
the provisions of the foregoing Section 8.1, the obligation of FLIC to provide the
medical and dental coverage described therein shall cease, as to each such policy and
form of coverage, on the date when another employer makes available to you benefits which
are substantially comparable to those described in such sections, regardless of whether
the benefits made available by such employer require a contribution on your part.  

	9.  	DEATH.  

          In
the event of your death subsequent to termination of your employment, all payments and
benefits due you hereunder shall be paid to your designated beneficiary or beneficiaries
or, if you have not designated a beneficiary or beneficiaries, to your estate.  

	10.  	NON-SOLICITATION;
CONFIDENTIALITY.  

          10.l    In
consideration of the agreement by FLIC to make a Termination Payment to you under the
circumstances described in Section “4” hereof, and regardless of whether you
shall actually become entitled to receive a Termination Payment, you agree that, for a
period of two (2) years after the termination of your employment by FLIC, you will not
(i) on behalf of any banking organization or lender doing business in New York City or in
the Counties of Nassau or Suffolk, directly or indirectly solicit the business of any
person or entity which shall be a customer of the Bank on the date of such termination or
facilitate or assist in the development of any business relationship between any such
banking organization or lender and any such customer or (ii) either directly or on behalf
of any such banking organization or lender, employ, retain, or solicit the employment or
retention of, any person who shall be an employee of the Bank on the date of such
termination.  

          10.2    You
agree, without limitation as to time, to keep secret and retain in confidence all
confidential matters of FLIC and the Bank, whether developed by FLIC, the Bank or you,
including, without limitation, “know-how”, trade secrets, customer lists,
pricing policies, and operational methods, and not to disclose them to anyone outside of
FLIC or the Bank except in the course of performing your duties hereunder or with the
express written consent of FLIC.  

          10.3    If
a court of competent jurisdiction determines that any covenant contained herein is
unreasonable because of its term or territorial scope, or for any other reason, we agree
that such court may reform the condition of such covenant so that it is reasonable under
the circumstances and this covenant, as reformed, shall be enforceable.  

	11.  	MISCELLANEOUS.  

          11.1    Legal
Expenses. FLIC shall pay all costs and expenses incurred by you or us, including attorneys’ fees
and disbursements (at least monthly in the case of costs and expenses incurred by you),
in connection with any legal proceedings (including, but not limited to, arbitration),
whether or not instituted by you or us, relating to the interpretation or enforcement of
any provision of this Agreement in connection with the termination of your employment.
FLIC also agrees to pay prejudgment interest on any money judgment obtained by you as a
result of such proceedings, calculated at the prime interest rate of the Bank as in
effect from time to time from the date that payment should have been made to you
hereunder. Notwithstanding the foregoing, in the event that any legal proceedings
referred to above result in a final non-appealable determination that your employment was
terminated because of gross and substantial dishonesty on your part, FLIC shall have no
further obligation to you under this section and you shall refund to FLIC all amounts
previously paid to you pursuant to this section.  

          11.2    Binding
Effect; Successors. This Agreement shall be binding upon, inure to the benefit of and be
enforceable by you and us, your heirs and your and our respective legal representatives,
successors and assigns. If FLIC shall be merged into or consolidated with another entity,
the provisions hereof shall be binding upon and inure to the benefit of the entity
surviving such merger or resulting from such consolidation. We shall require any
successor (whether direct or indirect, by purchase, merger, consolidation or otherwise)
to all or substantially all of the business or assets of FLIC, by agreement in form and
substance satisfactory to you, to expressly assume and agree to perform hereunder in the
same manner and to the same extent that we would be required to perform hereunder if no
such succession had taken place. The provisions hereof shall continue to apply to each
subsequent merger, consolidation or transfer of assets of such subsequent employer.  

5 

          11.3    Notices.
Any notices required to be given under this Agreement shall, unless otherwise agreed to
by you and us, be in writing and shall be sent by certified mail, return receipt
requested, to FLIC at 10 Glen Head Road, Glen Head, New York 11545, Attention: Board of
Directors, and to you at the home address which you have designated in writing; or at
such other address as you or we may designate in writing, respectively.  

          11.4    Waiver;
Modification. No waiver or modification in whole or in part of this Agreement, or any
term or condition hereof, shall be effective against any party unless in writing and duly
signed by the party sought to be bound. Any waiver of any breach of any provision hereof
or any right or power by any party on one occasion shall not be construed as a waiver of,
or a bar to, the exercise of such right or power on any other occasion or as a waiver of
any subsequent breach.  

          11.5    Separability.
Any provision of this Agreement which is unenforceable or invalid in any respect in any
jurisdiction shall be ineffective in such jurisdiction to the extent that it is
unenforceable or invalid without affecting the remaining provisions hereof, which shall
continue in full force and effect. The enforceability or invalidity of a provision of the
Agreement in one jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.  

          11.6    Controlling
Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of New York applicable to contracts made and to be performed therein.  

          If
this Agreement is satisfactory to you, would you kindly indicate your acceptance by
signing and returning the enclosed copy thereof to the Bank.  

			Very truly
      yours,

      

      THE FIRST OF LONG ISLAND CORPORATION

      

      

      By:  /s/ J. Douglas Maxwell, Jr., Director

              ——————————————————

              J. Douglas Maxwell, Jr.,
      Director

Accepted and agreed to as 
of the 3rd
day of January, 2005 

/s/ Michael N. Vittorio

———————————

MICHAEL N. VITTORIO 

6

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