Document:

<PAGE>

                                                                    Exhibit 10.3

                     FARMERS CITIZENS BANK / FC BANC CORP.
                         SALARY CONTINUATION AGREEMENT

     THIS AGREEMENT, (in addition to and independent of the Contract of
Employment with G.W. Holden), is made this  20   day of October, 1998, by and
                                           -----
between Farmers Citizens Bank/FC Banc Corp., a state banking association located
in Bucyrus, Ohio (the "Company") and G.W. Holden (the "Executive").

                                 INTRODUCTION

     To encourage the Executive to remain an employee of the Company, the
Company is willing to provide salary continuation benefits to the Executive. The
Company will pay the benefits from its general assets.

                                   AGREEMENT

     The Executive and the Company agree as follows:

                                   ARTICLE 1
                                  DEFINITIONS

     1.1  Definitions.  Whenever used in this Agreement, the following words and
          phrases shall have the meanings specified:

          1.1.1     "Change of Control" means the transfer of 20% or more of the
                    Company's outstanding voting common stock followed within
                    twenty-four (24) months by replacement of fifty-percent
                    (50%) or more of the members of the Company's Board of
                    Directors.

          1.1.2     "Code" means the Internal Revenue Code of 1986, as amended.

          1.1.3     "Disability" means the Executive suffering a sickness,
                    accident or injury which, in the judgment of a physician
                    satisfactory to the Company, prevents the Executive from
                    performing substantially all of the Executive's normal
                    duties for the Company. As a condition to any benefits, the
                    Company may require the Executive to submit to such physical
                    or mental evaluations and tests as the Company's Board of
                    Directors deems appropriate.

          1.1.4     "Early Termination" means the Termination of Employment
                    before Normal Retirement Age for reasons other than death,
                    Disability, Termination for Cause or following a Change of
                    Control.

          1.1.5     "Early Termination Date" means the month, day and year in
                    which Early Termination occurs.

          1.1.6     "Normal Retirement Age" means the Executive's 65/th/
                    birthday.

          1.1.7     "Normal Retirement Date" means the later of the Normal
                    Retirement Age or Termination of Employment.

          1.1.8     "Plan Year" means a twelve-month period commencing on
                    January 1 and ending on December 31 of each year. The
                    initial Plan Year shall commence on the effective date of
                    this Agreement.

          1.1.9     "Termination for Cause" See Section 5.2.

                                       1
<PAGE>

          1.1.10    "Termination for Employment" means that the Executive ceases
                    to be employed by the Company for any reason whatsoever
                    other than by reason of a leave of absence which is approved
                    by the Company. For purposes of this Agreement, if there is
                    a dispute over the employment status of the Executive or the
                    date of the Executive's Termination of Employment, the
                    Company shall have the sole and absolute right to decide the
                    dispute.

                                   ARTICLE 2
                               LIFETIME BENEFITS

     2.1  Normal Retirement Benefit. Upon Termination of Employment on or after
          the Normal Retirement Age for reasons other than death, the Company
          shall pay to the Executive the benefit described in this Section 2.1
          in lieu of any other benefit under this Agreement.

          2.1.1  Amount of Benefit. The annual benefit under this Section 2.1 is
                 $100,000.00 (one hundred thousand dollars).

          2.1.2  Payment of Benefit. The Company shall pay the annual benefit to
                 the Executive in 12 equal monthly installments payable on the
                 first day of each month commencing with the month following the
                 Executive's Normal Retirement Date and continuing for 179
                 additional months.

     2.2  Early Termination Benefit. Upon Early Termination, the Company shall
          pay to the Executive the benefit described in this Section 2.2 in lieu
          of any other benefit under this Agreement.

          2.2.1  Amount of Benefit. The benefit under this Section 2.2 is the
                 Early Termination Annual Benefit amount set forth in Schedule A
                 for the Plan Year ending immediately prior to the Early
                 Termination Date.

          2.2.2  Payment of Benefit. The Company shall pay the annual benefit to
                 the Executive in 12 equal monthly installments payable on the
                 first day of each month commencing with the month following the
                 Normal Retirement Age and continuing for 179 additional months.

     2.3  Change of Control Benefit. If the Executive is in the active service
          of the Company at the time of a Change of Control, the Company shall
          pay to the Executive the benefit described in this Section 2.5 in lieu
          of any other benefit under this Agreement.

          2.3.1  Amount of Benefit. The annual benefit under this Section 2.5 is
                 the Normal Retirement Benefit amount described in Section
                 2.1.1.

          2.3.2  Payment of Benefit. The Company shall pay the annual benefit
                 amount to the Executive in 12 equal monthly installments
                 payable on the first day of each month commencing with the
                 month following the Termination of Employment and continuing
                 for 179 additional months.

     2.4  Disability Benefit. If the Executive terminates employment due to
          Disability prior to Normal Retirement Age, the Company shall pay to
          the Executive the benefit described in this Section 2.4 in lieu of any
          other benefit under this Agreement.

          2.4.1  Amount of Benefit. The benefit under this Section 2.4 is the
                 Disability Annual Benefit amount set forth in Schedule A for
                 the Plan Year ending immediately prior to the date in which the
                 Termination of Employment occurs.

          2.4.2  Payment of Benefit. The Company shall pay the annual benefit
                 amount to the Executive in 12 equal monthly installments
                 payable on the first day of each month commencing

                                       2
<PAGE>

                 with the month following the Termination of Employment and
                 continuing for 179 additional months.

                                   ARTICLE 3
                                DEATH BENEFITS

     3.1  Death During Active Service. If the Executive dies while in the active
          service of the Company, the Company shall pay to the Executive's
          beneficiary the benefit described in this Section 3.1. This benefit
          shall be paid in lieu of the Lifetime Benefits of Article 2.

          3.1.1  Amount of Benefit. The annual benefit under this Section 3.1 is
                 the Normal Retirement Benefit amount described in Section
                 2.1.1.

          3.1.2  Payment of Benefit. The Company shall pay the annual benefit to
                 the beneficiary in 12 equal monthly installments payable on the
                 first day of each month commencing with the month following the
                 Executive's death and continuing for 179 additional months.

     3.2  Death During Benefit Period. If the Executive dies after the benefit
          payments have commenced under this Agreement but before receiving all
          such payments, the Company shall pay the remaining benefits to the
          Executive's beneficiary at the same time and in the same amounts they
          would have been paid to the Executive had the Executive survived.

     3.3  Death Following Termination of Employment But Before Benefits
          Commence. If the Executive is entitled to benefits under this
          Agreement, but dies prior to receiving said benefits, the Company
          shall pay to the Executive's beneficiary the same benefits, in the
          same manner, they would have been paid to the Executive had the
          Executive survived to the Normal Retirement Age, however, said benefit
          payments will commence upon the Executive's death.

                                   ARTICLE 4
                                 BENEFICIARIES

     4.1  Beneficiary Designations. The Executive shall designate a beneficiary
          by filing a written designation with the Company. The Executive may
          revoke or modify the designation at any time by filing a new
          designation. However, designations will only be effective if signed by
          the Executive and accepted by the Company during the Executive's
          lifetime. The Executive's beneficiary designation shall be deemed
          automatically revoked if the beneficiary predeceases the Executive, or
          if the Executive names a spouse as beneficiary and the marriage is
          subsequently dissolved. If the Executive dies without a valid
          beneficiary designation, all payments shall be made to the Executive's
          estate.

     4.2  Facility of Payment. If a benefit is payable to a minor, to a person
          declared incapacitated, or to a person incapable of handling the
          disposition of his or her property, the Company may pay such benefit
          to the guardian, legal representative or person having the care or
          custody of such minor, incapacitated person or incapable person. The
          Company may require proof of incapacity, minority or guardianship as
          it may deem appropriate prior to distribution of the benefit. Such
          distribution shall completely discharge the Company from all liability
          with respect to such benefit.

                                   ARTICLE 5
                              GENERAL LIMITATIONS

     Notwithstanding any provision of this Agreement to the contrary, the
Company shall not pay any benefit under this Agreement.

                                       3
<PAGE>

     5.1  Excess Parachute Payment. To the extent the benefit would be an excess
          parachute payment under Section 280G of the Code.

     5.2  Termination for Cause. If the Company terminates the Executive's
          employment for:

          5.2.1  Gross negligence or gross neglect of duties;

          5.2.2  Commission of a felony or of a gross misdemeanor involving
                 moral turpitude; or

          5.2.3  Fraud, disloyalty, dishonesty, or willful violation of any law
                 or significant Company policy committed in connection with the
                 Executive's employment and resulting in an adverse effect on
                 the Company.

     5.3  Competition After Termination of Employment. Executive agrees that he
          will resign from the Board of Directors of the Company and the Bank
          and further agrees that he will not, for a period of three years
          following termination, disclose, use or otherwise exploit for his own
          benefit any confidential information disclosed to him of which he
          became aware by reason of his employment with the Company.

     5.4  Suicide or Misstatement. No benefits shall be payable if the Executive
          commits suicide within two years after the date of this Agreement, or
          if the Executive has made any material misstatement of fact on any
          application for life insurance purchased by the Company.

                                   ARTICLE 6
                         CLAIMS AND REVIEW PROCEDURES

     6.1  Claims Procedure. The Company shall notify any person or entity that
          makes a claim against the Agreement (the "Claimant") in writing,
          within ninety (90) days of Claimant's written application for
          benefits, of his or her eligibility or noneligibility for benefits
          under the Agreement. If the Company determines that the Claimant is
          not eligible for benefits or full benefits, the notice shall set forth
          (1) the specific reasons for such denial, (2) a specific reference to
          the provisions of the Agreement on which the denial is based, (3) a
          description of any additional information or material necessary for
          the Claimant to perfect his or her claim, and a description of why it
          is needed, and (4) an explanation of the Agreement's claims review
          procedure and other appropriate information as to the steps to be
          taken if the Claimant wishes to have the claim reviewed. If the
          Company determines that there are special circumstances requiring
          additional time to make a decision, the Company shall notify the
          Claimant of the special circumstances and the date by which a decision
          is expected to be made, and may extend the time for up to an
          additional ninety-day period.

     6.2  Review Procedure. If the Claimant is determined by the Company not to
          be eligible for benefits, or if the Claimant believes that he or she
          is entitled to greater or different benefits, the Claimant shall have
          the opportunity to have such claim reviewed by the Company by filing a
          petition for review with the Company within sixty (60) days after
          receipt of the notice issued by the Company. Said petition shall state
          the specific reasons which the Claimant believes entitle him or her to
          benefits or to greater or different benefits. Within sixty (60) days
          after receipt by the Company of the petition, the Company shall afford
          to the Claimant (or counsel) shall have the right to reveiw the
          pertinent documents. The Company shall notify the Claimant of its
          decision in writing within the sixty-day period, stating specifically
          the basis of its decision, written in a manner calculated to be
          understood by the Claimant and the specific provisions of the
          Agreement on which the decision is based. If, because of the need for
          a hearing, the sixty-day period is not sufficient, the decision may be
          deferred for up to another sixty-day period at the election of the
          Company, but notice of this deferral shall be given to the Claimant.

                                       4
<PAGE>

                                   ARTICLE 7
                          AMENDMENTS AND TERMINATION

     This Agreement may be amended or terminated only by a written agreement
signed by the Company and the Executive.

                                   ARTICLE 8
                                 MISCELLANEOUS

     8.1  Binding Obligation of Bank and any Successor in Interest. The Company
          expressly agrees that it shall not merge or consolidate into or with
          another company/bank or sell substantially all of its assets to
          another bank/company, firm or person until such bank/company, firm or
          person expressly agrees, in writing, to assume and discharge the
          duties and obligations of the bank/Company under the agreement. This
          agreement shall be binding upon the parties hereto, their successors,
          beneficiary(ies), heirs and personal representatives.

     8.2  No Guarantee of Employment. This Agreement is not an employment policy
          or contract. It does not give the Executive the right to remain an
          employee of the Company, nor does it interfere with the Company's
          right to discharge the Executive. It also does not require the
          Executive to remain an employee nor interfere with the Executive's
          right to terminate employment at any time.

     8.3  Non-Transferability. Benefits under this Agreement cannot be sold,
          transferred, assigned, pledged, attached or encumbered in any manner.

     8.4  Tax Withholding. The Company shall withhold any taxes that are
          required to be withheld from the benefits provided under this
          Agreement.

     8.5  Applicable Law. The Agreement and all rights hereunder shall be
          governed by the laws of the State of Ohio, except to the extent
          preempted by the laws of the United States of America.

     8.6  Unfunded Arrangement. The Executive and beneficiary are general
          unsecured creditors of the Company for the payment of benefits under
          this Agreement. The benefits represent the mere promise by the Company
          to pay such benefits. The rights to benefits are not subject in any
          manner to anticipation, alienation, sale, transfer, assignment,
          pledge, encumbrance, attachment, or garnishment by creditors. Any
          insurance on the Executive's life is a general asset of the Company to
          which the Executive and beneficiary have no preferred or secured
          claim.

     8.7  Recovery of Estate Taxes. If the Executive's gross estate for federal
          estate tax purposes included any amount determined by reference to an
          on account of this Agreement, and if the beneficiary is other than the
          Executive's estate, then the Executive's estate shall be entitled to
          recover from the beneficiary receiving such benefit under the terms of
          the Agreement, an amount by which the total estate tax due by the
          Executive's estate, exceeds the total estate tax which would have been
          payable if the value of such benefit had not been included in the
          Executive's gross estate. If there is more than one person receiving
          such benefit, the right of recovery shall be against each such person.
          In the event the beneficiary has a liability hereunder, the
          beneficiary may petition the Company for a lump sum payment in an
          amount not to exceed the beneficiary's liability hereunder.

     8.8  Entire Agreement. This Agreement constitutes the entire agreement
          between the Company and the Executive as to the subject matter hereof.
          No rights are granted to the Executive by virtue of this Agreement
          other than those specifically set forth herein.

     8.9  Administration. The Company shall have powers which are necessary to
          administer this Agreement, including, but not limited to:

                                       5
<PAGE>

          8.9.1   Interpreting the provisions of the Agreement;

          8.9.2   Establishing and revising the method of accounting for the
                  Agreement;

          8.9.3   Maintaining a record of benefit payments; and

          8.9.4   Establishing rules and prescribing any forms necessary or
                  desirable to administer the Agreement.

     8.10 For the purposes of the Employee Retirement Income Security Act of
          1974, if applicable, the Company shall be the named fiduciary and plan
          administrator under the Agreement. The named fiduciary may delegate to
          others certain aspects of the management and operation
          responsibilities of the plan including the employment of advisors and
          the delegation of ministerial duties to qualified individuals.

IN WITNESS WHEREOF, the Executive and a duly authorized Company officer has
signed this agreement.

     EXECUTIVE:                          COMPANY
                                         FARMERS CITIZENS BANK / FC
                                         BANC CORP

     /s/ G.W. Holden                     /s/ Robert D. Hord
     --------------------                --------------------------------
     G.W. HOLDEN                         By
                                         Title

                                       6
<PAGE>

                                  SCHEDULE A

                             FARMERS CITIZENS BANK
                         SALARY CONTINUATION AGREEMENT

                                 G. W. Holden

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                                 Disability
                                                                             Early Term.        Change of          Annual
          Plan                                  Early Term.      Vested     Annual Benefit     Control Annual       Benefit
  Plan    Year                        Accrual     Vesting       Accrual        Payable        Benefit Payable      Payable
  Year    Ending       Benefit Level  Balance    Schedule       Balance        @NRD*            Immediately      Immediately
-----------------------------------------------------------------------------------------------------------------------------
<S>      <C>           <C>            <C>       <C>             <C>         <C>               <C>               <C>
    1     30-Nov-97       100,000      31,373       100.00%     $ 31,373          10,986           100,000         $  3,598

    2     30-Nov-98       100,000      65,351       100.00%     $ 65,351          21,130           100,000         $  7,494

    3     30-Nov-99       100,000     102,148       100.00%     $102,148          30,497           100,000         $ 11,714

    4     30-Nov-00       100,000     142,000       100.00%     $142,000          39,145           100,000         $ 16,284

    5     30-Nov-01       100,000     185,159       100.00%     $185,159          47,131           100,000         $ 21,234

    6     30-Nov-02       100,000     231,901       100.00%     $231,901          54,505           100,000         $ 26,594

    7     30-Nov-03       100,000     282,522       100.00%     $282,522          61,314           100,000         $ 32,399

    8     30-Nov-04       100,000     337,344       100.00%     $337,344          67,601           100,000         $ 38,686

    9     30-Nov-05       100,000     396,717       100.00%     $396,717          73,406           100,000         $ 45,495

   10     30-Nov-06       100,000     461,018       100.00%     $461,018          78,766           100,000         $ 52,869

   11     30-Nov-07       100,000     530,656       100.00%     $530,656          83,716           100,000         $ 60,855

   12     30-Nov-08       100,000     606,073       100.00%     $606,073          88,286           100,000         $ 69,503

   13     30-Nov-09       100,000     687,750       100.00%     $687,750          92,506           100,000         $ 78,870

   14     30-Nov-10       100,000     776,207       100.00%     $776,207          96,402           100,000         $ 89,014

   15     30-Nov-11       100,000     872,005       100.00%     $872,005         100,000           100,000         $100,000
</TABLE>

            * NRD - Normal Retirement Date means the Executive's 65/th/ birthday

                                       7
<PAGE>

                                FIRST AMENDMENT
                                    TO THE
                      FARMERS CITIZENS BANK/FC BANC CORP.
                         SALARY CONTINUATION AGREEMENT
                            DATED OCTOBER 20, 1998
                                      FOR
                                  G.W. HOLDEN

     THIS AMENDMENT executed on this 11/th/ day of November, 1999, by and
                                     ------
between FARMERS CITIZENS BANK/FC BANC CORP., located in Bucyrus, Ohio (the
"Company") and G. W. HOLDEN (the "Executive").

     On October 20, 1998, the Company and the Executive executed the FARMERS
CITIZENS BANK/FC BANC CORP. SALARY CONTINUATION AGREEMENT (the "Agreement").
The undersigned hereby amends, in part, said Agreement to revise the excess
parachute provision and clarify the effective date of the plan, which was
verbally agreed upon prior to the execution date.

     The following new Article 1.1.11 shall be added to the Agreement:

     1.1.11 "Effective Date" means November 30, 1996.

     Article 2.3 of the Agreement shall be deleted in its entirety and the
following new Article 2.3 shall be added to the Agreement:

     2.3  Change of Control Benefit. If the Executive is in the active service
of the Company at the time of a Change of Control, the Company shall pay to the
Executive the benefit described in this Section 2.3 in lieu of any other benefit
under this Agreement.

          2.3.1  Amount of Benefit. The benefit under this Section 2.3 is the
     Normal Retirement Benefit amount described in Section 2.1.1.

          2.3.2  Payment of Benefit. The Company shall pay the annual benefit
     amount to the Executive in 12 equal monthly installments payable on the
     first day of each month commencing with the month following the Executive's
     Termination of Employment. The annual benefit shall be paid to the
     Executive for 15 years.

          2.3.3  Excess Parachute Payment. The Company shall pay the entire
     benefit set forth in this Section 2.3, including any part of the benefit
     that would create an excise tax under the excess parachute rules of Section
     280G of the Code and the regulations thereunder. The Company agrees to pay
     any excise tax attributable to benefits paid under this Section 2.3.

     Article 5.1 of the Agreement shall be deleted in its entirety.

     IN WITNESS OF THE ABOVE, the Executive and the Company have agreed to this
First Amendment.

Executive:                               Company:
                                         FARMERS CITIZENS BANK/
                                         FC BANC CORP.

/s/ G.W. Holden
----------------------
G.W. Holden                              By /s/ Robert D. Hord
                                            ----------------------
                                         Title /s/ Chairman
                                               -------------------

                                       8<PAGE>

                                                                    Exhibit 10.4

                 SEVERANCE AGREEMENT DUE TO CHANGE IN CONTROL
                               OF FC BANC CORP.

     This AGREEMENT is made and entered into this ____ day of _______________,
1999, by and among FC Banc Corp. (the "Corporation"), a corporation organized
under the laws of the State of Ohio, with its main office in Bucyrus, Ohio, The
Farmers Citizens Bank (the "Bank"), an Ohio-chartered, FDIC-insured member bank
with its main offices in Bucyrus, Ohio and Don Denney (the "Employee"). Any
reference to the "Board of Directors" herein shall mean the Board of Directors
of the Corporation.

     WHEREAS, the Employee has heretofore served in the position of
_______________________ of the Bank:

     NOW THEREFORE, in consideration of the performance of the responsibilities
of the Employee and upon the other terms and conditions hereinafter provided,
the parties hereto agree as follows:

     1.  No Employment Contract
         ----------------------

         The parties hereto acknowledge and agree that this Agreement is not a
management or employment agreement and that none of the terms and conditions
contained herein shall be effective until such time as there is a Change in
Control as hereinafter defined in this Agreement. Prior to a Change in Control,
the Employee agrees and acknowledges that he/she is an employee-at-will of the
Bank.

      2. Term of Agreement
         -----------------

         The initial term of this Agreement shall be for a period of one (1)
year commencing January 1, 1999 (hereafter referred to as the "Anniversary
Date"). Commencing on the first Anniversary Date of this Agreement, and
continuing at each Anniversary Date thereafter, the Agreement shall
automatically renew for one (1) additional year beyond the then effective
expiration date only 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 such term shall be extended (if the Board of
Directors determines not to extend the term, it shall promptly so notify the
Employee, with such election by the Board not to extend the term not to
otherwise affect the then term of this Agreement). Reference herein to the term
of this Agreement shall refer both to such initial term and such extended terms.
Unless sooner terminated as set forth herein, this contract shall terminate when
the Employee reaches age sixty-five (65).

      3.  Termination for Cause
          ---------------------

          (a)  The Employee shall have no right to receive severance or other
benefits under this Agreement for any period after the date of termination for
Cause.  For purposes of this Agreement, termination by the Corporation or the
Bank for "Cause" shall mean only the following events:

               (i)    personal dishonesty;

               (ii)   incompetence;

               (iii)  material breach of any provision of this Agreement;

               (iv)   breach of a fiduciary duty involving personal gain or
                      profit;

               (v)    intentional failure to perform stated duties;

               (vi)   a willful and material breach of the policies and
                      procedures for the operation of the Bank provided to the
                      Employee by formal action of the Board of Directors;
<PAGE>

               (vii)  willful violation of any law, rule, regulation (other than
                      a law, rule or regulation relating to a traffic violation
                      or similar offense) or final cease-and-desist order; or

               (viii) willful misconduct.

          (b)  (i)    For purposes of Paragraph 3(a)(ii), "incompetence" shall
                      mean the Employee's performance of his duties as measured
                      against the then prevailing standards in the Ohio banking
                      industry.

               (ii)   For purposes of Paragraph 3(a)(vii) and 3(a)(viii), no
                      act, or failure to act, on the Employee's part shall be
                      considered "willful" unless he has acted, or failed to
                      act, with an absence of good faith and without a
                      reasonable belief that his action or failure to act was in
                      the best interest of the Bank.

               (iii)  For purposes of Paragraph 3(a)(vii), a cease-and- desist
                      order shall not become final until consent by the
                      Corporation or the Bank, as the case may be, to such
                      order, or the exhaustion or lapse of all (administrative
                      and judicial) appeal rights in relation thereto.

      4.  Voluntary Termination of Agreement
          ----------------------------------

          This Agreement may be terminated by the Employee at any time upon
ninety (90) days' written notice to either the Bank or the Corporation or upon
such shorter period as may be agreed upon between the Employee and the Board of
Directors.

      5.  Change in Control
          -----------------

          (a)  If, during the term of this Agreement, there is a Change in
Control of the Corporation, the Employee shall be entitled to termination or
severance payment in the event the Employee's employment with the Corporation or
the Bank is involuntarily terminated within six months after the Change in
Control, other than for Cause or pursuant to Paragraph 4. This payment shall
also be made in the case of the Employee's voluntary termination of employment
for Good Reason (as defined in Paragraph 6) within six months after a Change in
Control of the Corporation. Such voluntary termination of employment for Good
Reason in connection with, or within six months after, a Change in Control of
the Corporation shall not constitute a termination for Cause. The amount of this
severance payment shall be the benefits specified in Paragraph 7 of this
Agreement.

          (b)  For purposes of this Agreement, a "Change in Control of the
Corporation" shall mean:

               (i)  The acquisition by a person or persons acting in concert of
                    the power to vote twenty-five percent (25%) or more of a
                    class of the Corporation's voting securities, or the
                    acquisition by a person of the power to direct the
                    Corporation's management or policies, if the Board of
                    Directors has made a determination that such acquisition
                    constitutes or will constitute an acquisition of control of
                    the Corporation for the purposes of the Bank Holding Company
                    Act or the Change in Bank Control Act and the regulations
                    thereunder;

               (ii) during any period of two (2) consecutive years during  the
                    term of this Agreement, individuals who at the beginning of
                    such period constitute the Board of Directors of the Bank or
                    the Corporation cease for any reason to constitute at least
                    a majority thereof, unless the election of each director who
                    was not a director at the beginning of such period has been
                    approved in advance by

                                       2
<PAGE>

                      directors representing at least two-thirds (2/3) of the
                      directors then in office who were directors in office at
                      the beginning of the period;

               (iii)  the Corporation shall have merged into or consolidated
                      with another corporation, or merged another corporation
                      into the Corporation, on a basis whereby less than fifty
                      percent (50%) of the total voting power of the surviving
                      corporation is represented by shares held by former
                      shareholders of the Corporation prior to such merger or
                      consolidation;

               (iv)   the Corporation shall have sold substantially of its
                      assets to another person. The term "person" refers to an
                      individual, corporation, partnership, trust, association,
                      joint venture, pool, syndicate, sole proprietorship,
                      unincorporated organization or other entity; or

               (v)    the Corporation announces that the Corporation has entered
                      into a transaction described in any of the clauses (i),
                      (iii) or (iv) above or an agreement to enter into any such
                      transaction.

          (c)  Upon the Employee's termination of employment arising under this
Paragraph 5 within one (1) year after the occurrence of a Change in Control of
the Corporation, the Corporation will cause to be continued life, health and
disability insurance coverage substantially identical to the coverage maintained
by the Bank or the Corporation for Employee prior to his severance.  Such
coverage shall cease upon the earlier of Employee's employment by another
employer or twelve (12) months from such termination.

      6.  Good Reason
          -----------

          For purposes of this Agreement, "Good Reason" shall mean the
occurrence after a Change in Control of the Corporation of any of the events or
conditions described in subparagraphs (a) through (e) hereof without the
Employee's express written consent; provided, that the Employee's right to
terminate his or her employment pursuant to this Paragraph 6 shall not be
affected by his or her incapacity due to physical or mental illness:

          (a)  A change in the Employee's status, title, position or
responsibilities (including reporting responsibilities) which, in the Employee's
reasonable judgment, does not represent a promotion from his or her status,
title, position or responsibilities as in effect immediately prior thereto; the
assignment to the Employee of any duties or responsibilities which, in the
Employee's reasonable judgment, are inconsistent with such status, title,
position or responsibilities; or any removal of the Employee from or failure to
reappoint him or her to any of such positions, except in connection with the
termination of employment for (i) disability, (ii) Cause, (iii) pursuant to
Paragraph 4, (iv) as a result of death or (v) by the Employee other than for
Good Reason;

          (b)  A reduction by the Bank or the Corporation in the Employee's base
salary as in effect on the date of a Change in Control of the Corporation;

          (c)  The relocation of his or her principal place of employment to a
location outside a fifteen (15)-mile radius of Bucyrus, Ohio, or the Bank's or
the Corporation's requiring the Employee to be based at any place other than
Bucyrus, Ohio, except for reasonably required travel on the Bank's or the
Corporation's business which is not materially greater than such travel
requirements prior to the Change in Control of the Corporation;

          (d)  The failure by the Bank or the Corporation to continue to provide
or cause to be provided to the Employee benefits substantially similar to those
provided to him or her under any of the employee benefit plans in which the
Employee becomes a participant, or the taking of any action by the Bank or the
Corporation which would directly or indirectly materially reduce any of such
benefits or deprive the Employee of any material fringe benefit enjoyed by him
or by her at the time of the Change in Control of the Corporation.

                                       3
<PAGE>

      7.  Termination Benefits
          --------------------

          Upon the occurrence of a Change in Control, the Corporation shall pay
Employee, or in the event of his subsequent death, his beneficiary or
beneficiaries, or his estate, as the case may be, as severance pay or liquidated
damages, or both, a sum equal to one (1) times the then annual base salary paid
to the Employee by the Bank during the year in which the termination occurs.

      8.  Payment of Legal Fees
          ---------------------

          Reasonable legal fees and expenses paid or incurred by the Employee
pursuant to any dispute or question of interpretation relating to the Agreement
shall be paid or reimbursed by the Corporation in accordance with the following.
If the Employee, the Bank or the Corporation initiates a proceeding and the
Employee prevails, all reasonable legal fees and expenses shall be paid by the
Corporation.  If the Employee initiates a proceeding and does not prevail on
his/her claim, then the Corporation shall reimburse the Employee for all legal
fees and expenses but not to exceed the sum of $25,000.

     9.   Successor Organization
          ----------------------

          The obligations of the Corporation and the Bank as set forth herein
shall continue to be the obligation of any successor organization, any
organization which purchases substantially all of the liabilities of the
Corporation or the Bank, as well as any organization which assumes substantially
all of the liabilities of  the Corporation or the Bank whether by merger,
consolidation, or other form of business combination.  This Agreement is
personal to the Employee and the Employee may not delegate his duties hereunder.

     10.  Notices
          -------

          All notices, requests, demands and other communications hereunder
shall be in writing and shall be deemed to have been duly given if delivered by
hand or mailed, certified or registered mail, return receipt requested, with
postage prepaid, to the following addresses or to such other address as either
party may designate by like notice.

     A.   If to the Corporation, to:
                    Board of Directors
                    FC Banc Corp.
                    105 Washington Square
                    P. O. Box 567
                    Bucyrus, Ohio  44820-0567

     B.   If to the Employee, to:
                    Don Denney
                    --------------------------
                    --------------------------
                    --------------------------

and to such other or additional person or persons as either party shall have
designated to the other party in writing by like notice.

     11.  No Mitigation Required
          ----------------------

          There shall be no requirement that Employee mitigate any damages or
reduce the amount of any payment provided for in this Paragraph 7 by seeking
other employment or otherwise, nor shall the amount of any payment provided for
in this Paragraph 7 be reduced by any compensation earned by Employee as the
result of employment by any other employer after the date of termination or
otherwise.

                                       4
<PAGE>

     12.  Amendments
          ----------

          No amendments or additions to this Agreement shall be binding unless
in writing and signed by both parties, except as herein otherwise provided.

     13.  Paragraph Headings
          ------------------

          The paragraph headings used in this Agreement are included solely for
convenience and shall not affect, or be used in connection with, the
interpretation of this Agreement.

     14.  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.

     15.  Governing Law
          -------------

          This Agreement shall, except to the extent that federal law shall be
deemed to apply, be governed by and construed and enforced in accordance with
the laws of Ohio.

     16.  Arbitration
          -----------

          Any dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration in accordance with the
rules of the American Arbitration Association then in effect. Judgment may be
entered on the arbitrator's award in any court having jurisdiction.

     17.  Successor Organization
          ----------------------

          The obligations of the Corporation and the Bank as set forth herein
shall continue to be the obligation of any successor organization, and any
organization which purchases substantially all of the assets of the Corporation,
whether by merger, consolidation, or other form of business combination. This
Agreement is personal to the Officer and the Officer may not delegate his or her
duties hereunder.

     IN WITNESS WHEREOF, the parties have executed this Agreement on the day and
year first hereinabove written.

WITNESSES:               FC BANC CORP.
__________________       By:___________________

__________________       Its:__________________

WITNESSES:               THE FARMERS CITIZENS BANK
__________________       By:___________________

__________________       Its:

WITNESSES:
__________________       _____________________("Employee)

                                       5

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