Document:

Exhibit 10.6

                    	
                        Amendment to Employment Agreement between Registrant and Brian J. Keeney dated January 1, 2005

                    
	
                         

                    	
                         

                    
	
                         

                    	
                        (THE FIRST OF LONG ISLAND CORPORATION LETTERHEAD)

                    
	
                         

                    	
                         

                    
	
                         

                    	
                        December 15, 2008                    

                    

            Mr. Brian J. Keeney

            	
                         

                    	
                         

                    	
                         

                    
	
                        Re:

                    	
                         

                    	
                        Letter Employment Agreement dated January 1, 2005 (the “Agreement”)

                    

            Dear Mr. Keeney:

                      This will serve to confirm that we have agreed to amend the captioned Agreement in the following respects:

                      1.          The phrase “and within ten (10) days after” is hereby deleted from the first paragraph of Section 4(A) of the Agreement.

                      2.          The following paragraph “D” is hereby added to Section 4 of the Agreement:

            	
                         

                    	
                         

                    	
                         

                    
	
                         

                    	
                                         “D.          In the event that you shall become entitled to a Termination Payment pursuant to Section 4(A) or Section 4(B) hereof, such payment shall be made to you within ten (10) days after the expiration of a period of six (6) months measured
                        from the termination of your employment or your resignation, as the case may be. Subject to the foregoing limitation, the date of payment shall be determined by FLIC in its sole discretion.”

                    	
                         

                    
	
                         

                    	
                         

                    	
                         

                    
	
                                  3.          The following paragraphs “E” and “F” are hereby added to Section 7 of the Agreement:

                    	
                         

                    
	
                         

                    	
                         

                    	
                         

                    
	
                         

                    	
                                         “E.          “Termination” shall mean a separation from service, within the meaning of Internal Revenue Code Section 409A, (i) which results from a decision of the Bank to terminate your employment and (ii) by reason of which each of
                        us anticipates that no further services will be provided by you hereunder subsequent to the effective date thereof.”

                    	
                         

                    
	
                         

                    	
                         

                    	
                         

                    
	
                         

                    	
                                         “F.          “Resignation” shall mean a separation from service, within the meaning of Internal Revenue Code Section 409A, (i) which results from a decision by you to resign your employment (including resignation for Good Reason) and
                        (ii) by reason of which each of us anticipates that no further services will be provided by you hereunder subsequent to the effective date thereof.”

                    	
                         

                    
	
                         

                    	
                         

                    	
                         

                    
	
                                  4.          The following paragraph is hereby added to Section 11.1 of the Agreement:

                    
	
                         

                    	
                         

                    	
                         

                    
	
                         

                    	
                                  “The obligation of FLIC to pay such costs and expenses shall cease upon the date of entry of a final non-appealable judgment or other final determination in such proceeding and FLIC shall have no obligation to pay any costs or expenses incurred after that date. The amount of such costs and expenses which may become eligible
                        for

                    	
                         

                    

            12

            

            

            

            	
                         

                    	
                         

                    	
                         

                    
	
                         

                    	
                        payment to you during each of your taxable years (which shall be presumed to be the calendar year, unless you notify FLIC to the contrary in writing) shall not affect the costs and expenses eligible for reimbursement in any other taxable year. In no event shall such costs and expenses be paid to you later than the last day of your taxable year following the taxable year in which such cost or expense
                        was incurred. The right to payment of such costs and expenses is not subject to liquidation or exchange for any other benefit.”

                    	
                         

                    
	
                         

                    	
                         

                    	
                         

                    
	
                                  Please confirm that the foregoing accurately sets forth our understanding by signing and returning the enclosed copy of this letter. The Agreement will thereupon be deemed amended in the foregoing respects.

                    

            

            	
                         

                    	
                         

                    	
                         

                    
	
                         

                    	
                        Very truly yours,

                    
	
                         

                    
	
                         

                    	
                        THE FIRST OF LONG ISLAND CORPORATION

                    
	
                         

                    
	
                         

                    	
                        By:

                    	
                        /s/MICHAEL N. VITTORIO

                    
	
                         

                    	
                         

                    	
                        

                    
	
                         

                    	
                         

                    	
                        MICHAEL N. VITTORIO

                    
	
                         

                    	
                         

                    	
                        CHIEF EXECUTIVE OFFICER

                    

            

            	
                         

                    	
                         

                    	
                         

                    
	
                        Accepted and Agreed this

                        19th day of December 2008

                    	
                         

                    	
                         

                    
	
                         

                    	
                         

                    	
                         

                    
	
                        /s/BRIAN J. KEENEY

                    	
                         

                    	
                         

                    
	
                        

                    	
                         

                    	
                         

                    
	
                        BRIAN J. KEENEY

                    	
                         

                    	
                         

                    

            13Exhibit 10.7

	
Amendment to Employment Agreement between Registrant and John Grasso
 dated January 1, 2007

	
 

	
 

	
(THE FIRST OF LONG ISLAND CORPORATION
 LETTERHEAD)

	
 

	
December 15,

2008                    

Mr. John Grasso

	
 

	
 

	
 

	
 

	
Re:

	
Letter Employment Agreement dated January
 1, 2007 (the “Agreement”)

Dear Mr. Grasso:

          This
will serve to confirm that we have agreed to amend the captioned Agreement in
the following respects:

          1.          The
phrase “and within ten (10) days after” is hereby deleted from the first
paragraph of Section 4(A) of the Agreement.

          2.          The
following paragraph “D” is hereby added to Section 4 of the Agreement:

	
 

	
 

	
 

	
 

	
                 “F.          In
 the event that you shall become entitled to a Termination Payment pursuant to
 Section 4(A)(i) or Section 4(A)(ii) hereof, such payment shall be made to you
 within ten (10) days after the expiration of a period of six (6) months
 measured from the termination of your employment or your resignation, as the
 case may be. Subject to the foregoing limitation, the date of payment shall
 be determined by FLIC in its sole discretion.”

	
 

	
 

	
 

	
 

	
          3.          The
 following paragraphs “E” and “F” are hereby added to Section 7 of the
 Agreement:

	
 

	
 

	
 

	
 

	
 

	
                 “E.          “Termination”
 shall mean a separation from service, within the meaning of Internal Revenue
 Code Section 409A, (i) which results from a decision of the Bank to terminate
 your employment and (ii) by reason of which each of us anticipates that no further
 services will be provided by you hereunder subsequent to the effective date
 thereof.”

	
 

	
 

	
 

	
 

	
 

	
                 “F.          “Resignation”
 shall mean a separation from service, within the meaning of Internal Revenue
 Code Section 409A, (i) which results from a decision by you to resign your
 employment (including resignation for Good Reason) and (ii) by reason of
 which each of us anticipates that no further services will be provided by you
 hereunder subsequent to the effective date thereof.”

	
 

          Please
confirm that the foregoing accurately sets forth our understanding by signing
and returning the enclosed copy of this letter. The Agreement will thereupon be
deemed amended in the foregoing respects.

14

	
 

	
 

	
 

	
 

	
Very truly yours,

	
 

	
 

	
 

	
 

	
THE FIRST OF LONG ISLAND CORPORATION

	
 

	
 

	
 

	
 

	
By:

	
/s/MICHAEL N. VITTORIO

	
 

	
 

	

	
 

	
 

	
MICHAEL N. VITTORIO

	
 

	
 

	
CHIEF EXECUTIVE OFFICER

	
 

	
 

	
 

	
Accepted and Agreed this

	
 

	
 

	
17th day of December 2008

	
 

	
 

	
 

	
 

	
 

	
/s/JOHN GRASSO

	
 

	
 

	

	
 

	
 

	
JOHN GRASSO

	
 

	
 

15

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