Document:

Sub-account Bonus Endorsement

This  endorsement  forms a part of the  contract to which it is  attached.  This
bonus is guaranteed and will be paid as described below.

     After the eighth  contract  year, a bonus of .01665% (.20% on an annualized
     basis) of the  variable  account  value will be  credited  on each  monthly
     anniversary day.

In all other respects, the terms, conditions and provisions of the contract will
remain the same.

Signed for Kansas City Life  Insurance  Company,  a stock  company,  at its Home
Office, 3520 Broadway, PO Box 419139, Kansas City, MO 64141-6139.

         /s/ C. John Malacarne                 /s/ R. Philip Bixby

                Secretary                            PresidentSub-account Bonus Endorsement

This  endorsement  forms a part of the  contract to which it is  attached.  This
bonus is guaranteed and will be paid as described below.

     A bonus of .0125%  (.15% on an  annualized  basis) will be credited to your
     variable  account  value if the contract  value is greater than or equal to
     $100,000. This bonus is credited on each monthly anniversary day.

In all other respects, the terms, conditions and provisions of the contract will
remain the same.

Signed for Kansas City Life  Insurance  Company,  a stock  company,  at its Home
Office, 3520 Broadway, PO Box 419139, Kansas City, MO 64141-6139.

         /s/ C. John Malacarne                 /s/ R. Philip Bixby

                Secretary                            PresidentEXHIBIT 10.3
<PAGE>
                              EMPLOYMENT AGREEMENT

         THIS  AGREEMENT  entered  into this _____ day of  ______________,  1995
("Effective  Date"),  by and between  Harrodsburg First Federal Savings and Loan
Association (the "Association") and Jack D. Hood (the "Employee").

         WHEREAS,  the Employee has heretofore  been employed by the Association
as President and Chief Executive Officer and is experienced in all phases of the
business of the Association; and

         WHEREAS, the parties desire by this writing to set forth the continuing
employment relationship of the Association and the Employee.

         NOW, THEREFORE, it is AGREED as follows:

         1.  Employment.  The  Employee  is  employed  in  the  capacity  as the
President and Chief  Executive  Officer of the  Association.  The Employee shall
render  such  administrative  and  management  services to the  Association  and
Harrodsburg First Financial Bancorp,  Inc.  ("Parent") as are currently rendered
and as are  customarily  performed  by persons  situated in a similar  executive
capacity. The Employee shall also promote, by entertainment or otherwise, as and
to the extent permitted by law, the business of the Association and Parent.  The
Employee's  other  duties  shall  be  such as the  Board  of  Directors  for the
Association  (the  "Board  of  Directors"  or  "Board")  may  from  time to time
reasonably direct, including normal duties as an officer of the Association.

         2. Base Compensation. The Association agrees to pay the Employee during
the term of this  Agreement  a  salary  at the rate of  $__________  per  annum,
payable in cash not less  frequently  than monthly;  provided,  that the rate of
such  salary  shall be reviewed  by the Board of  Directors  not less often than
annually, and Employee shall be entitled to receive annually an increase at such
percentage or in such an amount as the Board of Directors in its sole discretion
may decide at such time.

         3.  Discretionary  Bonus. The Employee shall be entitled to participate
in an  equitable  manner  with all  other  senior  management  employees  of the
Association in discretionary  bonuses that may be authorized and declared by the
Board of  Directors to its senior  management  employees  from time to time.  No
other  compensation  provided for in this Agreement shall be deemed a substitute
for the Employee's right to participate in such  discretionary  bonuses when and
as declared by the Board of Directors.

<PAGE>

         4. (a)  Participation  in Retirement  and Medical  Plans.  The Employee
shall be  entitled to  participate  in any plan of the  Association  relating to
pension,  profit-sharing,  or other retirement  benefits and medical coverage or
reimbursement  plans  that the  Association  may  adopt for the  benefit  of its
employees. Further, Employee's dependent family shall be eligible to participate
in medical and dental  insurance  plans  sponsored by the  Association or Parent
with the cost of such premiums paid by the Association.

         (b) Employee  Benefits;  Expenses.  The  Employee  shall be eligible to
participate in any fringe benefits which may be or may become  applicable to the
Association's senior management employees,  including by example,  participation
in any stock  option or  incentive  plans  adopted by the Board of  Directors of
Association  or Parent,  a reasonable  expense  account,  and any other benefits
which are commensurate with the  responsibilities  and functions to be performed
by the Employee under this Agreement.  The Association shall reimburse  Employee
for  all  reasonable  out-of-pocket  expenses  which  Employee  shall  incur  in
connection with his service for the Association.

         5. Term. The term of employment of Employee under this Agreement  shall
be for the period  commencing on the Effective Date and ending  thirty-six  (36)
months  thereafter.  Additionally,  on each  annual  anniversary  date  from the
Effective  Date, the term of employment  under this Agreement  shall be extended
for an additional one year period beyond the then effective expiration date upon
a determination and resolution of the Board of Directors that the performance of
the Employee has met the  requirements  and standards of the Board, and that the
term of such Agreement shall be extended.

         6. Loyalty; Noncompetition.

         (a) The  Employee  shall  devote  his full  time and  attention  to the
performance  of  his  employment  under  this  Agreement.  During  the  term  of
Employee's employment under this Agreement, the Employee shall not engage in any
business  or activity  contrary  to the  business  affairs or  interests  of the
Association or Parent.

         (b) Nothing contained in this Paragraph 6 shall be deemed to prevent or
limit the right of Employee to invest in the capital  stock or other  securities
of any business dissimilar from that of the Association or Parent, or, solely as
a passive or minority investor, in any business.

         7.  Standards.  The  Employee  shall  perform  his  duties  under  this
Agreement in accordance  with such  reasonable  standards  expected of employees
with comparable positions in comparable  organizations and as may be established
from time to time by the Board of Directors.

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<PAGE>

         8. Vacation and Sick Leave.  At such  reasonable  times as the Board of
Directors  shall in its  discretion  permit,  the  Employee  shall be  entitled,
without loss of pay, to absent himself  voluntarily  from the performance of his
employment  under this Agreement,  with all such voluntary  absences to count as
vacation time; provided that:

         (a) The  Employee  shall  be  entitled  to  annual  vacation  leave  in
accordance  with the policies as are  periodically  established  by the Board of
Directors for senior management employees of the Association.

         (b) The  Employee  shall not be  entitled  to  receive  any  additional
compensation  from the  Association  on account of his failure to take  vacation
leave and Employee shall not be entitled to accumulate  unused vacation from one
fiscal year to the next,  except in either case to the extent  authorized by the
Board of Directors for senior management employees of the Association.

         (c) In addition to the aforesaid paid vacations,  the Employee shall be
entitled without loss of pay, to absent himself voluntarily from the performance
of his employment with the  Association for such additional  periods of time and
for  such  valid  and  legitimate  reasons  as the  Board  of  Directors  in its
discretion may determine.  Further,  the Board of Directors shall be entitled to
grant to the  Employee a leave or leaves of absence  with or without pay at such
time or times and upon such terms and  conditions  as the Board of  Directors in
its discretion may determine.

         (d) In addition, the Employee shall be entitled to an annual sick leave
benefit as established by the Board of Directors for senior management employees
of the Association. In the event that any sick leave benefit shall not have been
used during any year,  such leave shall accrue to  subsequent  years only to the
extent authorized by the Board of Directors for employees of the Association.

         9. Termination and Termination Pay.

         The Employee's employment under this Agreement shall be terminated upon
any of the following occurrences:

         (a) The death of the  Employee  during the term of this  Agreement,  in
which event the Employee's  estate shall be entitled to receive the compensation
due the Employee  through the last day of the calendar month in which Employee's
death shall have occurred.

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<PAGE>

         (b) The Board of Directors may terminate the  Employee's  employment at
any time, but any termination by the Board of Directors  other than  termination
for Just Cause,  shall not prejudice the  Employee's  right to  compensation  or
other benefits under the Agreement.  The Employee shall have no right to receive
compensation or other benefits for any period after  termination for Just Cause.
Termination for "Just Cause" shall include termination because of the Employee's
personal dishonesty,  incompetence, willful misconduct, breach of fiduciary duty
involving personal profit, intentional failure to perform stated duties, willful
violation  of any law,  rule or  regulation  (other than traffic  violations  or
similar  offenses) or final  cease-and-desist  order,  or material breach of any
provision of the Agreement.

         (c) Except as  provided  pursuant  to  Section 12 herein,  in the event
Employee's  employment  under  this  Agreement  is  terminated  by the  Board of
Directors  without Just Cause, the Association shall be obligated to continue to
pay the Employee  the salary  provided  pursuant to Section 2 herein,  up to the
date of termination  of the term  (including any renewal term) of this Agreement
and the cost of Employee  obtaining  all  health,  life,  disability,  and other
benefits  which the Employee  would be eligible to  participate  in through such
date based upon the benefit levels  substantially  equal to those being provided
Employee at the date of termination of employment.

         (d) If the  Employee  is removed  and/or  permanently  prohibited  from
participating  in the conduct of the  Association's  affairs by an order  issued
under Sections 8(e)(4) or 8(g)(1) of the Federal Deposit  Insurance Act ("FDIA")
(12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of the Association under this
Agreement shall terminate, as of the effective date of the order, but the vested
rights of the parties shall not be affected.

         (e) If the  Association is in default (as defined in Section 3(x)(1) of
FDIA) all  obligations  under this Agreement  shall  terminate as of the date of
default,  but  this  paragraph  shall  not  affect  any  vested  rights  of  the
contracting parties.

         (f) All obligations under this Agreement shall be terminated, except to
the extent  determined that  continuation of this Agreement is necessary for the
continued  operation  of the  Association:  (i) by the Director of the Office of
Thrift Supervision ("Director of OTS"), or his or her designee, at the time that
the Federal  Deposit  Insurance  Corporation  ("FDIC") or the  Resolution  Trust
Corporation  enters into an agreement to provide  assistance  to or on behalf of
the Association under the authority  contained in Section 13(c) of FDIA; or (ii)
by the  Director  of the  OTS,  or his or her  designee,  at the  time  that the
Director of the OTS, or his or her  designee  approves a  supervisory  merger to
resolve problems related to operation of the Association or when the Association
is  determined  by  the  Director  of  the  OTS to be in an  unsafe  or  unsound
condition.

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<PAGE>

Any  rights of the  parties  that have  already  vested,  however,  shall not be
affected by such action.

         (g) The voluntary  termination by the Employee  during the term of this
Agreement  with the delivery of no less than 60 days written notice to the Board
of Directors,  other than pursuant to Section 12(b),  in which case the Employee
shall be entitled  to receive  only the  compensation,  vested  rights,  and all
employee benefits up to the date of such termination.

         (h) Notwithstanding  anything herein to the contrary, any payments made
to the Employee pursuant to the Agreement, or otherwise, shall be subject to and
conditioned   upon  compliance  with  12  USC  ss.1828(k)  and  any  regulations
promulgated thereunder.

         10.  Suspension  of  Employment . If the  Employee is suspended  and/or
temporarily  prohibited from  participating in the conduct of the  Association's
affairs  by a notice  served  under  Section  8(e)(3)  or (g)(1) of the FDIA (12
U.S.C. 1818(e)(3) and (g)(1)), the Association's obligations under the Agreement
shall be  suspended  as of the date of  service,  unless  stayed by  appropriate
proceedings.  If the charges in the notice are dismissed, the Association shall,
(i) pay the Employee all or part of the compensation withheld while its contract
obligations were suspended and (ii) reinstate any of its obligations  which were
suspended.

         11. Disability.  If the Employee shall become disabled or incapacitated
to the extent  that he is unable to perform his duties  hereunder,  by reason of
medically determinable physical or mental impairment,  as determined by a doctor
engaged by the Board of  Directors,  Employee  shall  nevertheless  continue  to
receive the compensation and benefits provided under the terms of this Agreement
as follows:  100% of such  compensation  and benefits for a period of 12 months,
but not exceeding the remaining  term of the  Agreement,  and 65% thereafter for
the remainder of the term of the Agreement.  Such benefits noted herein shall be
reduced by any benefits  otherwise  provided to the Employee  during such period
under the provisions of disability  insurance coverage in effect for Association
employees.  Thereafter,  Employee shall be eligible to receive benefits provided
by the  Association  under the  provisions of disability  insurance  coverage in
effect for Association employees. Upon returning to active full-time employment,
the  Employee's  full  compensation  as set  forth  in this  Agreement  shall be
reinstated as of the date of commencement of such activities.  In the event that
the Employee returns to active  employment on other than a full-time basis, then
his  compensation  (as set  forth in  Paragraph  2 of this  Agreement)  shall be
determined  in  proportion  to the time  spent in said  employment,  or as shall
otherwise be agreed to by the parties.

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<PAGE>

         12. Change in Control.

         (a) Notwithstanding any provision herein to the contrary,  in the event
of the  involuntary  termination of Employee's  employment  under this Agreement
during  the term of this  Agreement  following  any  change  in  control  of the
Association or Parent, absent Just Cause, Employee shall be paid an amount equal
to the product of 2.99 times the Employee's  "base amount" as defined in Section
280G(b)(3)  of the Internal  Revenue  Code of 1986,  as amended (the "Code") and
regulations  promulgated  thereunder.  Said sum shall be paid,  at the option of
Employee, either in one (1) lump sum within thirty (30) days of such termination
discounted  to the present  value of such payment using as the discount rate the
"prime rate" as published in the Wall Street Journal  Eastern  Edition as of the
date of such  payment,  or in periodic  payments  over the next 36 months or the
remaining term of this Agreement whichever is less, as if Employee's  employment
had not been terminated,  and such payments shall be in lieu of any other future
payments which the Employee would be otherwise entitled to receive under Section
9 of this Agreement.  Notwithstanding  the forgoing,  all sums payable hereunder
shall be reduced in such manner and to such extent so that no such payments made
hereunder when  aggregated with all other payments to be made to the Employee by
the Association or the Parent shall be deemed an "excess  parachute  payment" in
accordance  with  Section  280G of the Code and be  subject  to the  excise  tax
provided at Section  4999(a) of the Code. The term "control"  shall refer to the
ownership,  holding  or  power  to  vote  more  than  25%  of  the  Parent's  or
Association's  voting  stock,  the control of the  election of a majority of the
Parent's or Association's  directors, or the exercise of a controlling influence
over the management or policies of the Parent or Association by any person or by
persons  acting as a group within the meaning of Section 13(d) of the Securities
Exchange  Act of 1934.  The term  "person"  means an  individual  other than the
Employee,  or a corporation,  partnership,  trust,  association,  joint venture,
pool, syndicate, sole proprietorship,  unincorporated  organization or any other
form of entity not specifically listed herein.

         (b)  Notwithstanding  any  other  provision  of this  Agreement  to the
contrary,  Employee may voluntary  terminate his  employment  during the term of
this Agreement  following a change in control of the Association or Parent,  and
Employee shall thereupon be entitled to receive the payment described in Section
12(a) of this  Agreement,  upon the  occurrence,  or  within  ninety  (90)  days
thereafter,  of any of the following events, which have not been consented to in
advance by the Employee in writing: (i) if Employee would be required to perform
his principal  executive  functions  more than  thirty-five  (35) miles from the
Employee's  primary office as of the signing of this  Agreement;  (ii) if in the
organizational  structure  of the  Association  or  Parent,  Employee  would  be
required  to  report  to a  person  or  persons  other  than  the  Board  of the
Association  or  Parent;  (iii) if the  Association  or  Parent  should  fail to
maintain Employee's base compensation in effect as of the

                                        6
<PAGE>

date  of the  Change  in  Control  and the  existing  employee  benefits  plans,
including  material fringe benefit,  stock option and retirement  plans; (iv) if
Employee would be assigned duties and responsibilities other than those normally
associated with his position as referenced at Section 1, herein; (v) if Employee
would not be elected or reelected to the Board of Directors of the  Association;
or  (vi) if  Employee's  responsibilities  or  authority  have  in any way  been
materially diminished or reduced.

         13. Successors and Assigns.

         (a) This  Agreement  shall inure to the benefit of and be binding  upon
any  corporate  or other  successor  of the  Association  or Parent  which shall
acquire,  directly  or  indirectly,  by  merger,   consolidation,   purchase  or
otherwise, all or substantially all of the assets or stock of the Association or
Parent.

         (b) Since the  Association is  contracting  for the unique and personal
skills of the  Employee,  the  Employee  shall be  precluded  from  assigning or
delegating his rights or duties  hereunder  without first  obtaining the written
consent of the Association.

         14.  Amendments.  No amendments or additions to this Agreement shall be
binding  upon the  parties  hereto  unless  made in  writing  and signed by both
parties, except as herein otherwise specifically provided.

         15.  Applicable  Law. This agreement  shall be governed by all respects
whether as to validity, construction, capacity, performance or otherwise, by the
laws of the State of  Kentucky,  the extent that  Federal law shall be deemed to
apply.

         16.  Severability.  The  provisions of this  Agreement  shall be deemed
severable and the  invalidity  or  unenforceability  of any provision  shall not
affect the validity or enforceability of the other provisions hereof.

         17. Arbitration. Any controversy or claim arising out of or relating to
this  Agreement,  or the breach  thereof,  shall be settled  by  arbitration  in
accordance  with the rules then in effect of the district office of the American
Arbitration  Association  ("AAA") nearest to the home office of the Association,
and  judgment  upon the  award  rendered  may be  entered  in any  court  having
jurisdiction thereof,  except to the extent that the parties may otherwise reach
a mutual  settlement of such issue. The Association  shall incur the cost of all
fees and expenses associated with filing a request for arbitration with the AAA,
whether such filing is made on behalf of the  Association  or the Employee,  and
the costs and  administrative  fees associated with employing the arbitrator and
related  administrative  expenses  assessed by the AAA.  The  Association  shall
reimburse Employee for all costs and expenses,  including reasonable  attorneys'
fees, arising from such dispute,  proceedings or actions, following the delivery
of the decision of the arbitrator finding in

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<PAGE>

favor of the  Employee;  provided  that if such  finding  is not in favor of the
Employee then such Employee  shall  reimburse  the  Association  for the initial
filing fee paid by the  Association to the AAA.  Further,  the settlement of the
dispute by the  parties to be approved  by the Board of the  Association  or the
Parent may include a  provision  for the  reimbursement  by the  Association  or
Parent  to the  Employee  for  all  costs  and  expenses,  including  reasonable
attorneys'   fees,   arising  from  such   dispute,   proceedings   or  actions.
Additionally,  the Board of the  Association  or the Parent may  authorize  such
reimbursement  of such costs and  expenses  by  separate  action  upon a written
action and  determination  of the Board  following  a final  disposition  of the
matter.  Such  reimbursement  shall be paid  within  ten (10)  days of  Employee
furnishing  to the  Association  or Parent  evidence,  which may be in the form,
among other  things,  of a canceled  check or receipt,  of any costs or expenses
incurred by Employee.

         18. Entire Agreement. This Agreement together with any understanding or
modifications  thereof as agreed to in writing by the parties,  shall constitute
the entire agreement between the parties hereto.

                                        8

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