Document:

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                                                                     Exhibit 4.2

                           DICK'S SPORTING GOODS, INC.

                          EMPLOYEE STOCK PURCHASE PLAN

                                 I. DEFINITIONS

         Account means the Employee Stock Purchase Plan Account established for
a Participant under Section IX hereunder.

         Board of Directors shall mean the Board of Directors of the Company.

         Code shall mean the Internal Revenue Code of 1986, as amended.

         Committee shall mean the Compensation Committee of the Board of
Directors.

         Common Stock shall mean shares of the common stock, par value $.01 per
share, and any security into which such stock shall be converted or shall become
by reason of changes in its nature such as by way of recapitalization,
reclassification, changes in par value, merger, consolidation or similar
transaction.

         Company shall mean Dick's Sporting Goods, Inc., a Delaware corporation.
When used in the Plan with reference to employment, Company shall include
Subsidiaries.

         Compensation shall mean the total of such Eligible Employee's base
salary plus bonus payments paid to an Eligible Employee by the Company.

         Effective Date shall mean the date of effectiveness of the Company's
Registration Statement relating to the initial public offering of the Company's
Common Stock.

         Eligible Employees shall mean only those persons who, as of the first
day of a Purchase Period, are Employees of the Company and who are not, as of
the day preceding the first day of the Purchase Period, deemed for purposes of
Section 423(b)(3) of the Code to own stock possessing 5% or more of the total
combined voting power or value of all classes of stock of the Company.

         Employees shall mean all persons who are employed by the Company as
common-law employees, excluding persons (i) whose customary employment is 20
hours or less per week, or (ii) whose customary employment is for not more than
five months in a calendar year.

         Exercise Date shall mean the last day of a Purchase Period.

         Fair Market Value shall mean: (i) as of the Effective Date the initial
public offering price of the Company's Common Stock as approved by the Board of
Directors; or (ii) as of any date subsequent to the Effective Date, the last
reported sales price of the Common Stock on such date as reported by the Nasdaq
National Market or the principal national securities exchange on which such
stock is listed and traded, or in each such case where there is no trading on
such date, on the first previous date on which there is such trading.

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         Participant shall mean an Eligible Employee who elects to participate
in the Plan under Section VII hereunder.

         Plan shall mean the Dick's Sporting Goods, Inc. Employee Stock Purchase
Plan, as set forth herein and as amended from time to time.

         Purchase Period shall mean: (a) for the initial purchase period, the
period commencing on the Effective Date and ending on December 31, 2002; and (b)
thereafter, purchase periods shall be semi-annual or as otherwise elected by the
Committee not less than 60 days in advance of the commencement of such period. A
Purchase Period shall begin on the first business day of, and end on the last
business day of, each such calendar period. The last Purchase Period under the
Plan shall terminate on or before the date of termination of the Plan provided
in Section XXIII.

         Subsidiary shall mean any corporation which is a subsidiary of the
Company within the meaning of Section 424(f) of the Code.

         Termination of Service shall mean the earliest of the following events
with respect to a Participant: his or her retirement, death, quit, discharge or
permanent separation from service with the Company.

         The masculine gender includes the feminine, the singular number
includes the plural and the plural number includes the singular unless the
context otherwise requires.

                                  II. PURPOSE

         It is the purpose of this Plan to provide a means whereby Eligible
Employees may purchase Common Stock through payroll deductions. It is intended
to provide a further incentive for Employees to promote the best interests of
the Company and to encourage stock ownership by Employees in order to
participate in the Company's economic progress.

         It is the intention of the Company to have the Plan qualify as an
"employee stock purchase plan" within the meaning of Section 423 of the Code and
the provisions of the Plan shall be construed in a manner consistent with the
Code.

                              III. ADMINISTRATION

         The Plan shall be administered by the Committee. The Committee shall
have authority to make rules and regulations for the administration of the Plan,
and its interpretations and decisions with regard thereto shall be final and
conclusive. The Committee shall have all necessary authority to communicate,
from time to time, with Eligible Employees and Participants for purposes of
administering the Plan, and shall notify Eligible Employees promptly of its
election of the term of each forthcoming Purchase Period, if other than
semi-annual, and of its election to utilize the Trust Administration Option
referred to in Section IX.

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                                   IV. SHARES

         There shall be 500,000 shares of Common Stock reserved for issuance to
and purchase by Participants under the Plan, subject to adjustment in accordance
with Section XXI hereof. The shares of Common Stock subject to the Plan shall be
either shares of authorized but unissued Common Stock or shares of Common Stock
reacquired by the Company. Shares of Common Stock covered by the unexercised
portion of any terminated purchase right may again be subject to purchase rights
granted under the Plan.

                               V. PURCHASE PRICE

         The purchase price per share of the shares of Common Stock sold to
Participants under this Plan for any Purchase Period shall be the lesser of (a)
85% of the Fair Market Value of a share of Common Stock on the first day of such
Purchase Period, or (b) 85% of the Fair Market Value of a share of Common Stock
on the Exercise Date of such Purchase Period.

                 VI. GRANT OF PURCHASE RIGHT TO PURCHASE SHARES

         Each Eligible Employee shall be granted a purchase right effective on
the first day of each Purchase Period to purchase a number of full shares of
Common Stock (subject to adjustment as provided in Section XXI). No Eligible
Employee shall be permitted to purchase shares under this Plan (or under any
other "employee stock purchase plan" within the meaning of Section 423(b) of the
Code, of the Company ) with an aggregate Fair Market Value (as determined as of
the first day of the Purchase Period) in excess of $25,000 for any one calendar
year within the meaning of Section 423(b)(8) of the Code. For a given Purchase
Period, payroll deductions shall commence on the first day of the Purchase
Period and shall end on the related Exercise Date, unless sooner altered or
terminated as provided in the Plan.

         Anything herein to the contrary notwithstanding, if, as of the first
day of a Purchase Period, any Eligible Employee entitled to purchase shares
hereunder would be deemed for the purposes of Section 423(b)(3) of the Code to
own stock (including any number of shares which such person would be entitled to
purchase hereunder) possessing 5% or more of the total combined voting power or
value of all classes of stock of the Company, the maximum number of shares which
such person shall be entitled to purchase pursuant to the Plan shall be reduced
to that number which when added to the number of shares of stock of the Company
which such person is so deemed to own (excluding any number of shares which such
person would be entitled to purchase hereunder), is one less than such 5%.

                          VII. ELECTION TO PARTICIPATE

         An Eligible Employee may elect to become a Participant in this Plan by
completing a "Stock Purchase Agreement" form prior to the first day of the
Purchase Period. In the Stock Purchase Agreement, the Eligible Employee shall
authorize regular, "after tax" payroll deductions from his Compensation subject
to the limitations in Section VIII below. Purchase

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rights granted to Eligible Employees who fail to authorize payroll deductions
will automatically lapse. If a Participant's payroll deductions allow him to
purchase fewer than the maximum number of shares of Common Stock to which his
purchase rights entitle him, the purchase rights with respect to the shares
which he does not purchase will lapse as of the last day of the Purchase Period.

         The execution and delivery of the Stock Purchase Agreement as between
the Participant and the Company shall be conditioned upon the compliance by the
Company at such time with Federal (and any applicable state) securities laws.

                            VIII. PAYROLL DEDUCTIONS

         An Eligible Employee may authorize payroll deductions from his
Compensation for each payroll period of a specified percentage of such
Compensation, not less than 1.0% and not more than 25%, in multiples of 1.0%.

         The amount of payroll deduction shall be established at the beginning
of a Purchase Period and may not be altered, except for complete discontinuance
under Section XI, XIII or XIV hereunder.

                      IX. EMPLOYEE STOCK PURCHASE ACCOUNT
                         AND TRUST ADMINISTRATION OPTION

         An Employee Stock Purchase Account will be established for each
Participant in the Plan. Payroll deductions made under Section VIII will be
credited to the individual Accounts. No interest or other earnings will be
credited to a Participant's Account and the assets of all such Accounts shall
remain general assets of the Company until such assets are used to purchase
Common Stock in accordance with Section X hereunder.

                             X. PURCHASE OF SHARES

         If, as of any Exercise Date, there is credited to the Account of a
Participant an amount at least equal to the purchase price of one share of
Common Stock for the current Purchase Period, as determined in Section V, the
Participant shall buy and the Company shall sell at such price the largest
number of whole shares of Common Stock which can be purchased with the amount in
his Account.

         Any balance remaining in a Participant's Account at the end of a
Purchase Period will be carried forward into the Participant's Account for the
following Purchase Period. In no event will the balance carried forward be equal
to or exceed the purchase price of one share of Common Stock as determined in
Section V above. Notwithstanding the foregoing provisions of this paragraph, if
as of any Exercise Date the provisions of Section XV are applicable to the
Purchase Period ending on such Exercise Date, and the Committee reduces the
number of shares which would otherwise be purchased by Participants on such
Exercise Date, the entire balance

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remaining credited to the Account of each Participant after the purchase of the
applicable number of shares of Common Stock on such Exercise Date shall be
refunded to each such Participant. Except with respect to a Purchase Period for
which the Trust Administration Option has been elected, no refund of an Account
balance made pursuant to the Plan shall include any amount in respect of
interest or other imputed earnings.

         Anything herein to the contrary notwithstanding, no Participant may, in
any calendar year, purchase a number of shares of Common Stock under this Plan
which, together with all other shares of stock of the Company and its
Subsidiaries which he may be entitled to purchase in such year under all other
employee stock purchase plans of the Company and its Subsidiaries which meet the
requirements of Section 423(b) of the Code, have an aggregate Fair Market Value
(measured as of the first day of each applicable Purchase Period) in excess of
$25,000. The limitation described in the preceding sentence shall be applied in
a manner consistent with Section 423(b)(8) of the Code.

                                 XI. WITHDRAWAL

         A Participant may withdraw from the Plan at any time prior to the
Exercise Date of a Purchase Period by filing a notice of withdrawal. Upon a
Participant's withdrawal, the payroll deductions shall cease for the next
payroll period and the entire amount credited to his Account shall be refunded
to him. Any Participant who withdraws from the Plan may again become a
Participant hereunder at the start of the next Purchase Period in accordance
with Section VII.

                      XII. ISSUANCE OF STOCK CERTIFICATES

         The shares of Common Stock purchased by a Participant shall, for all
purposes, be deemed to have been issued and sold at the close of business on the
Exercise Date. Prior to that date, none of the rights or privileges of a
stockholder of the Company shall exist with respect to such shares. Stock
certificates shall be registered either in the Participant's name or jointly in
the names of the Participant and his spouse, as the Participant shall designate
in his Stock Purchase Agreement. Such designation may be changed at any time by
filing notice thereof. Certificates representing shares of purchased Common
Stock shall be delivered promptly to the Participant following issuance.
Notwithstanding any provision hereof to the contrary, no shares of Common Stock
shall be issued, sold, registered or delivered pursuant to this Section XII or
otherwise under the Plan unless such issuance, sale, registration or delivery
shall comply with all relevant provisions of law, including, without limitation,
the Securities Act of 1933, as amended, the Exchange Act, the rules and
regulations promulgated thereunder, and the requirements of any stock exchange
upon which the shares of Common Stock may then be listed, and shall be further
subject to the approval of counsel for the Company with respect to such
compliance.

                          XIII. TERMINATION OF SERVICE

         (a) Upon a Participant's Termination of Service for any reason other
than death or voluntary termination of employment on or after attaining age 55
("Retirement"), no payroll

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deduction may be made from any Compensation due him as of the date of his
Termination of Service and the entire balance credited to his Account shall be
automatically refunded to him.

         (b) Upon a Participant's Retirement, no payroll deduction shall be made
from any Compensation due him as of the date of his retirement. Such a
Participant may, prior to Retirement, elect:

                  (1) to have the entire amount credited to his Account as of
         the date of his Retirement refunded to him, or

                  (2) to have the entire amount credited to his Account held
         therein and utilized to purchase shares on the Exercise Date as
         provided in Section X and in accordance with all applicable
         requirements of the Code relating to the Plan.

         (c) Upon the death of a Participant, no payroll deduction shall be made
from any Compensation due him at time of death, and the entire balance in the
deceased Participant's Account shall be paid to the Participant's designated
beneficiary, or otherwise to his estate.

                    XIV. TEMPORARY LAYOFF, AUTHORIZED LEAVE
                             OF ABSENCE, DISABILITY

         Payroll deductions shall cease during a period of absence without pay
from work due to a Participant's temporary layoff, authorized leave of absence,
disability or for any other reason. If such Participant shall return to active
service prior to the Exercise Date for the current Purchase Period, payroll
deductions shall be resumed in accordance with his prior authorization.

         If the Participant shall not return to active service prior to the
Exercise Date for the current Purchase Period, the balance of his Stock Purchase
Account will be used to purchase shares on the Exercise Date as provided in
Section X and in accordance with all applicable requirements of the Code
relating to the Plan, unless the Participant elects to withdraw from the Plan in
accordance with Section XI.

                 XV. PROCEDURE IF INSUFFICIENT SHARES AVAILABLE

         In the event that on any Exercise Date the aggregate funds available
for the purchase of shares of Common Stock pursuant to Section X hereof would
result in purchases of shares in excess of the number of shares of Common Stock
then available for purchase under the Plan, the Committee shall proportionately
reduce the number of shares which would otherwise be purchased by each
Participant on the Exercise Date in order to eliminate such excess, and the
provisions of the second paragraph of Section X shall apply.

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                          XVI. RIGHTS NOT TRANSFERABLE

         The right to purchase shares of Common Stock under this Plan is
exercisable only by the Participant during his lifetime and is not transferable
by him. If a Participant attempts to transfer his right to purchase shares under
the Plan, he shall be deemed to have requested withdrawal from the Plan and the
provisions of Section XI hereof shall apply with respect to such Participant.

                XVII. NO OBLIGATION TO EXERCISE PURCHASE RIGHTS

         Granting of a purchase right under this Plan shall impose no obligation
on an Eligible Employee to exercise such purchase right.

                  XVIII. NO GUARANTEE OF CONTINUED EMPLOYMENT

         Granting of a purchase right under this Plan shall imply no right of
continued employment with the Company for any Eligible Employee.

                                  XIX. NOTICE

         Any notice which an Eligible Employee or Participant files pursuant to
this Plan shall be in writing and shall be delivered personally or by mail
addressed to the Compensation Committee, c/o Vice President-Finance at Dick's
Sporting Goods, Inc., or such other person or location as may be specified by
the Committee.

                            XX. REPURCHASE OF STOCK

         The Company shall not be required to repurchase from any Participant
shares of Common Stock acquired under this Plan.

               XXI. ADJUSTMENT FOR RECAPITALIZATION, MERGER, ETC.

         The aggregate number of shares of Common Stock which may be purchased
pursuant to purchase rights granted hereunder, the number of shares of Common
Stock covered by each outstanding purchase right, and the purchase price thereof
for each such purchase right shall be appropriately adjusted for any increase or
decrease in the number of outstanding shares of Common Stock resulting from a
stock split or other subdivision or consolidation of shares of Common Stock or
for other capital adjustments or payments of stock dividends or distributions or
other increases or decreases in the outstanding shares of Common Stock affected
without receipt of consideration of the Company.

         Subject to any required action by the stockholders, if the Company
shall be the surviving corporation in any merger, reorganization or other
business combination, any purchase right

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granted hereunder shall cover the securities or other property to which a holder
of the number of shares of Common Stock would have been entitled pursuant to the
terms of the merger. A dissolution or liquidation of the Company or a merger or
consolidation in which the Company is not the surviving entity shall cause every
purchase right outstanding hereunder to terminate.

         The foregoing adjustments and the manner of application of the
foregoing provisions shall be determined by the Committee in its sole
discretion. Any such adjustment shall provide for the elimination of any
fractional share which might otherwise become subject to a purchase right.

                           XXII. AMENDMENT OF THE PLAN

         The Board of Directors may, without the consent of the Participants,
amend the Plan at any time, provided that no such action shall adversely affect
purchase rights theretofore granted hereunder, and provided that no such action
by the Board of Directors, without approval of the Company's stockholders, may:

         (a) increase the total number of shares of Common Stock which may be
purchased by all Participants, except as contemplated in Section XXI;

         (b) change the class of Employees eligible to receive purchase rights
under the Plan;

         (c) decrease the minimum purchase price under Section V;

         (d) extend a Purchase Period hereunder; or

         (e) extend the term of the Plan.

                        XXII. INTERNATIONAL PARTICIPANTS

         With respect to Eligible Employees who reside or work outside the
United States of America, the Committee may, in its sole discretion, amend the
terms of the Plan with respect to such Eligible Employees in order to conform
such terms with the requirements of local law.

                            XXIII. TERM OF THE PLAN

         This Plan shall become effective as of the Effective Date upon its
adoption by the Board of Directors, provided that it is approved at a duly-held
meeting of stockholders of the Company, by an affirmative majority of the total
votes present and voting thereat, within 12 months after the earlier of the
Effective Date or the date of adoption by the Board of Directors. If the Plan is
not so approved, no Common Stock shall be purchased under the Plan and the
balance of each Participant's Account shall be promptly returned to the
Participant. The Plan shall continue in effect through June 30, 2007, unless
terminated prior thereto pursuant to the next succeeding sentence. The Board of
Directors shall have the right to terminate the Plan at any time, effective as
of the next succeeding Exercise Date. In the event of the expiration of the Plan
or its

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termination, outstanding purchase rights shall not be affected, except to
the extent provided in Section XV and any remaining balance credited to the
Account of each Participant as of the applicable Exercise Date shall be refunded
to each such Participant.

                              XXIV. GOVERNING LAW

         The validity, constrictions and effect of the Plan, agreements entered
into pursuant to the Plan, and of any rules, regulations, determinations or
decisions made by the Committee relating to the Plan or such agreements, and the
rights of any and all persons having or claiming to have any interest therein or
thereunder, shall be determined exclusively in accordance with applicable
federal laws and the laws of the state of Delaware, without regard to its
conflict of laws principles.

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                                                                    Exhibit 10.3

                              EMPLOYMENT AGREEMENT

         This Agreement is made effective as of June 5, 2002 by and between
Metropolitan Bank and Trust Company (the "Bank"), an Ohio savings and loan
association, and Metropolitan Financial Corp. (the "Company"), a savings and
loan holding company, both with their principal administrative offices at 22901
Mill Creek Boulevard, Highland Hills, Ohio, and Marcus Faust (the "Executive").

         WHEREAS, the Bank wishes to assure itself of the continued services of
Executive for the period provided in this Agreement; and

         WHEREAS, Executive is willing to serve in the employ of the Bank on a
full-time basis for said period.

         NOW, THEREFORE, in consideration of the mutual covenants herein
contained, and upon the other terms and conditions hereinafter provided, the
parties hereby agree as follows:

1. POSITION AND RESPONSIBILITIES

         During the period of his employment hereunder, Executive agrees to
serve as Executive Vice President and Chief Financial Officer of the Bank and
the Company and to perform such other duties as may be assigned to Executive
from time to time by the President (the "Executive Position"). As Executive Vice
President and Chief Financial Officer, the Executive shall be responsible for
the normal and customary duties associated with the Executive position. During
said period, Executive also agrees to serve, if appointed or elected, as an
officer of any subsidiary or affiliate of the Bank or the Company. Failure to
reappoint or reelect Executive to the Executive Position without the consent of
the Executive during the term of this Agreement (except for any termination for
Cause, as defined herein) shall constitute a breach of this Agreement. The
Executive shall report to the President of the Bank or Company, or such other
person as shall be designated by the Chairman.

2. TERMS AND DUTIES

         (a) The period of Executive's employment under this Agreement shall
begin as of the date first above written and shall continue for a period of
twenty-four full calendar months thereafter. Within thirty days prior to the
first anniversary date of this Agreement, and within thirty days prior to each
anniversary date thereafter, the Board of Directors of the Bank ("Board") shall
conduct a performance evaluation and review of the Executive for purposes of
determining whether to extend the Agreement, and the results thereof shall be
included in the minutes of the Board's meeting and communicated to Executive.
Upon a favorable performance evaluation, the Board shall renew the term of the
Agreement for an additional year from the anniversary date such that the
remaining term shall be two years. If the Board determines at such annual review
not to renew the term of the Agreement, the Board shall provide to the Executive
written notice of nonrenewal at least ten days following such Board
determination, and Agreement shall expire at the end of twenty-four months
following the date such written notice is delivered to the Executive.

         (b) During the period of his employment hereunder, except for periods
of absence occasioned by events and activities that are consistent with the
Bank's internal policies, Executive shall devote substantially all his business
time, attention, skill, and efforts to the faithful performance of his duties
hereunder including activities and services related to the organization,
operation and management of the Bank; provided, however, that, with the approval
of the Board, as evidenced by a resolution of such Board, from time to time,
Executive may serve, or continue to serve, on the boards of directors of, and
hold any other offices or positions in, business companies or business
organizations, which, in such Board's judgment, will not present any conflict of
interest with the Bank, or materially affect the performance of Executive's
duties pursuant to this Agreement (for purposes of this Section 2(b), Board
approval shall be deemed provided as to service with any such business companies
or organizations that Executive was serving as of the date of this Agreement), a
list of which is attached hereto as Exhibit "A".

3. COMPENSATION AND REIMBURSEMENT

         (a) The compensation specified under this Agreement shall constitute
the salary and benefits paid for the duties described in Section 2(b). The Bank
shall pay Executive as compensation a salary of not less than
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$220,000 per year ("Base Salary"). Such Base Salary shall be payable biweekly or
at such other regular intervals as is customary for other executive officers.
During the period of this Agreement, Executive's Base Salary shall be reviewed
at least annually. Such review shall be conducted by a Committee designated by
the Board, and the Board may increase, but not decrease (except a decrease that
is generally applicable to all employees), Executive's Base Salary (any increase
in Base Salary shall become the "Base Salary" for purposes of this Agreement).
In addition to the Base Salary provided in this Section 3(a), the Bank shall
provide Executive at no cost to Executive with all such other benefits as are
provided uniformly to permanent full-time employees of the Bank. Base Salary
shall include any amounts of compensation deferred by Executive under qualified
and nonqualified plans maintained by the Bank.

         (b) The Bank will provide Executive with employee benefit plans,
arrangements and perquisites substantially equivalent to those in which other
executive officers are participating or otherwise deriving benefit from
immediately prior to the beginning of the term of this Agreement, and the Bank
will not, without Executive's prior written consent, make any changes in such
plans, arrangements or perquisites which would adversely affect Executive's
rights or benefits thereunder, except as to any changes that are applicable to
all employees or as reasonably or customarily available. Without limiting the
generality of the foregoing provisions of this Subsection (b), Executive will be
entitled to participate in or receive benefits under any employee benefit plans
including but not limited to, stock option and stock purchase plans, retirement
plans, supplemental retirement plans, pension plans, profit-sharing plans,
health-and-accident plans, medical coverage or any other employee benefit plan
or arrangement made available by the Bank in the future to its senior executives
and key management employees, subject to and on a basis consistent with the
terms, conditions and overall administration of such plans and arrangements.
Executive will be entitled to incentive compensation and bonuses as provided in
any plan of the Bank in which Executive is eligible to participate (and he shall
be entitled to a pro rata distribution under any incentive compensation or bonus
plan as to any year in which a termination of employment occurs, other than
termination for Cause). Nothing paid to the Executive under any such plan or
arrangement will be deemed to be in lieu of other compensation to which the
Executive is entitled under this Agreement.

         (c) In addition to the Base Salary provided for by paragraph (a) of
this Section 3, the Bank shall pay or reimburse Executive for all reasonable
travel and other reasonable expenses incurred by Executive performing his
obligations under this Agreement in accordance with the Bank's general policies
as may be in effect from time to time and may provide such additional
compensation in such form and such amounts as the President or Board may from
time to time determine.

         (d) No payments or benefits shall be due to Executive under this
Agreement upon the termination of Executive's employment except as provided in
Sections 3, 4 or 5 hereof. In addition, the Bank's and Company's obligation to
pay, and the Executive's right to receive, any payment or benefit under this
Agreement or otherwise are subject to the provisions of Section 14.

         (e) No payments or benefits shall be due to Executive for activities
and services rendered by the Executive to the Company or any subsidiary or
affiliate of the Bank or Company beyond the compensation paid to the Executive
by the Bank.

4. PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION

         (a) Upon the occurrence of an Event of Termination (as herein defined)
during the Executive's term of employment under this Agreement, the provisions
of this Section shall apply. As used in this Agreement, an "Event of
Termination" shall mean and include any one or more of the following:

                  (i)      the termination by the Bank or the Company of
                           Executive's full-time employment hereunder for any
                           reason other than

                           (A) Termination for Cause (as defined in Section 7
                           hereof),

                           (B) upon Retirement (as defined in Section 6 hereof),
                           or

                           (C) for Disability (as set forth in Section 5
                           hereof); or

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                  (ii)     Executive's resignation from the Bank's employ
                           following

                           (A) any failure to elect or reelect or to appoint or
                           reappoint Executive to the Executive Position,

                           (B) a material change in Executive's function,
                           duties, or responsibilities, which change would cause
                           Executive's position to become one of lesser
                           responsibility, importance, or scope from the
                           position and attributes thereof described in Section
                           1 above (and any such material change shall be deemed
                           a continuing breach of this Agreement),

                           (C) a relocation of Executive's principal place of
                           employment by more than 30 miles from its location on
                           the date hereof (except where the Bank's corporate
                           headquarters and a majority of the Bank's executive
                           officers are relocated to such location), or a
                           material reduction in the benefits and perquisites,
                           including Base Salary, to the Executive from those
                           being provided at the commencement of the Executive's
                           employment (except for any reduction that is part of
                           an employee-wide or executive-wide reduction in pay
                           or benefits),

                           (D) any transaction in which the Bank or the Company
                           is liquidated or dissolved, or after which the Bank
                           or the Company ceases to exist,

                           (E) any transaction other than a public offering,
                           following to which the Company's majority stockholder
                           as of the date of this agreement no longer
                           beneficially owns a majority of the Company's common
                           stock, or

                           (F) material breach of this Agreement by the Bank.

Upon the occurrence of any event described in clauses (ii) (A), (B), (C), (D),
(E) or (F) above ("Constructive Termination"), Executive shall have the right to
elect to terminate his employment under this Agreement by resignation upon not
less than thirty (30) days prior written notice given within a reasonable period
of time (not to exceed, except in case of a continuing breach, four (4) calendar
months) after the event giving rise to said right to elect, which termination by
Executive shall be an Event of Termination.

         (b) Upon the occurrence of an Event of Termination, the Bank shall pay
Executive, 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 cash amount equal to the greater of

                  (i)      the payments due for the remaining term of the
                           Agreement, or

                  (ii)     two (2) times the sum of, or upon the occurrence of
                           an Event of Termination within one year of the
                           effective date of this agreement, one and one half (1
                           1/2) times the sum of:

                           (A)      the highest annualized rate of base
                                    compensation paid to Executive at any time
                                    under this Agreement, including the Base
                                    Salary, any other taxable compensation paid
                                    to the Executive and any contributions made
                                    on behalf of the Executive to any employee
                                    benefit plan, and excluding any cash
                                    bonuses, and

                           (B)      the greater of (x) the average annual cash
                                    bonus paid to Executive with respect to the
                                    three completed fiscal years prior to the
                                    Event of Termination, or (y) the cash bonus
                                    paid to Executive with respect to the fiscal
                                    year ended prior to the Event of
                                    Termination;

provided however, that if the Bank is not in compliance with its minimum capital
requirements or if such payments would cause the Bank's capital to be reduced
below its minimum capital requirements, such payments shall be deferred until
such time as the Bank is in capital compliance.

<PAGE>

         (c) At the election of the Executive, which election may be made
annually by January 31 of each year and is irrevocable for the year in which
made (and once payments commence), payments under subsection (b) shall be made
in a lump sum or paid quarterly during the remaining term of the agreement
following the Executive's termination. In the event that no election is made,
payment to the Executive will be made in a lump sum. Such payments shall not be
reduced in the event the Executive obtains other employment following
termination of employment.

         (d) Upon the occurrence of an Event of Termination, the Bank will cause
to be continued life, medical and dental coverage substantially comparable, as
reasonably or customarily available, to the coverage maintained by the Bank for
Executive prior to his termination, except to the extent such coverage may be
changed in its application to all Bank employees or is not available on an
individual basis to a terminated employee. Such coverage shall cease twenty-four
months following the Event of Termination.

         (e) Notwithstanding anything to the contrary in this Agreement, in the
event that:

                  (i)      the aggregate payments or benefits to be made or
                           afforded to Executive (the "Termination Benefits")
                           would be deemed to include an "excess parachute
                           payment" under Section 280G of the Code or any
                           successor thereto, and

                  (ii)     if such Termination Benefits were reduced to an
                           amount (the "Non-Triggering Amount"), the value of
                           which is one dollar ($1.00) less than an amount equal
                           to the total amount of payments permissible under
                           Section 280G of the Code or any successor thereto,

then the Termination Benefits to be paid to Executive shall be so reduced so as
to be a Non-Triggering Amount. The allocation of the reduction required hereby
among Termination Benefits provided by the preceding paragraphs of this Section
4 shall be determined by the Executive.

5. TERMINATION FOR DISABILITY

         (a) If, as a result of Executive's incapacity due to physical or mental
illness, he shall have been absent from his duties with the Bank or the Company
on a full-time basis for 120 out of 180 consecutive days, and within thirty (30)
days after written notice of potential termination is given he shall not have
returned to the full-time performance of his duties, the Bank may terminate
Executive's employment for "Disability."

         (b) The Bank will pay Executive, as disability pay, a bi-weekly payment
equal to 66 2/3% of the Executive's bi-weekly rate of Base Salary on the
effective date of such termination. These disability payments shall commence on
the effective date of Executive's termination and will end on the earlier of

                  (i)      the date Executive returns to the full-time
                           employment of the Bank in the same capacity as he was
                           employed prior to his termination for Disability and
                           pursuant to an employment agreement between Executive
                           and the Bank;

                  (ii)     Executive's full-time employment by another employer;

                  (iii)    Executive attaining a Retirement age as identified in
                           Section 6; or

                  (iv)     Executive's death. The disability pay shall be
                           reduced by the amount, if any, paid to the Executive
                           under any plan of the Bank or the Company providing
                           disability benefits to the Executive.

         (c) The Bank will cause to be continued life, medical, and dental
coverage substantially comparable, as reasonable or customarily available, to
the coverage maintained by the Bank for Executive prior to his termination for
Disability, except to the extent such coverage may be changed in its application
to all Bank employees. This coverage shall cease upon the earlier of

<PAGE>

                  (i)      the date Executive returns to the full-time
                           employment of the Bank in the same capacity as he was
                           employed prior to his termination for Disability and
                           pursuant to an employment agreement between Executive
                           and the Bank;

                  (ii)     Executive's full-time employment by another employer;

                  (iii)    Executive attaining the Retirement age as identified
                           in Section 6; or

                  (iv)     Executive's death.

         (d) Notwithstanding the foregoing, there will be no reduction in the
compensation otherwise payable to Executive during any period during which
Executive is incapable of performing his duties hereunder by reason of temporary
disability.

6. TERMINATION UPON RETIREMENT

         Termination by the Bank of the Executive based on "Retirement" shall
mean termination of executive in accordance with any policy established with
Executive's consent with respect to him or upon "normal retirement" as defined
in any tax-qualified plan of the Bank. Upon termination of Executive upon
Retirement, no amounts or benefits shall be due Executive under this Agreement
and the Executive shall be entitled to all benefits under any retirement plan of
the Bank and other plans, if any, to which Executive is a party.

7. TERMINATION FOR CAUSE

         The term "Termination for Cause" shall mean termination because of the
Executive's personal dishonesty, incompetence, willful misconduct, any breach of
fiduciary duty involving personal profit, wilful disclosure of the confidential
or proprietary information of the Bank or Company with the intent to cause a
detriment to the Bank or Company, 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 this Agreement. In determining incompetence, the acts or omissions
shall be measured against standards generally prevailing in the savings
institution and commercial banking industry. For purposes of this paragraph, no
act or failure to act on the part of Executive shall be considered "willful"
unless done, or omitted to be done, by the Executive not in good faith and
without reasonable belief that the Executive's action or omission was in the
best interest of the Bank. Notwithstanding the foregoing, Executive shall not be
deemed to have been Terminated for Cause unless and until there shall have been
delivered to him a letter from the Chairman of the Board and the President that
notes their good faith determination that Executive was guilty of conduct
justifying Termination for Cause and which enumerates such conduct. The
Executive shall not have the right to receive compensation or other benefits for
any period after Termination for Cause. Any non-vested stock options or
restricted stock granted to Executive under any stock option plan or restricted
stock plan of the Bank, the Company or any subsidiary or affiliate thereof,
shall become null and void effective upon Executive's receipt of Notice of
Termination for Cause pursuant to Section 8 hereof, and any non-vested stock
options shall not be exercisable by Executive at any time subsequent to such
Termination for Cause, (unless it is determined in arbitration that grounds for
termination of Executive for Cause did not exist, in which event all terms of
the options or restricted stock as of the date of termination shall apply, and
any time periods for exercising such options shall commence from the date of
resolution in arbitration).

8. NOTICE

         (a) Any purported termination by the Bank for Cause shall be
communicated by Notice of Termination to the Executive. For purposes of this
Agreement, a "Notice of Termination" shall mean a written notice which shall
indicate the specific termination provision in this Agreement relied upon and
shall set forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of Executive's employment under the provision so
indicated. If, within thirty (30) days after any Notice of Termination for Cause
is given, the Executive notifies the Bank or the Company that a dispute exists
concerning the termination, the parties shall promptly proceed to arbitration.
Notwithstanding the pendency of any such dispute, the Bank and the Company may
discontinue Executive's compensation until the dispute is finally resolved in
accordance with this Agreement.

<PAGE>

If it is determined that Executive is entitled to compensation and benefits
under Section 4 of this Agreement, the payment of such compensation and benefits
by the Bank and Company shall commence immediately following the date of
resolution by arbitration, with interest due Executive on the cash amount that
would have been paid pending arbitration (at the prime rate as published in the
Wall Street Journal from time to time).

         (b) Any other purported termination by the Bank or by Executive shall
be communicated by a Notice of Termination to the other party. For purposes of
this Agreement, a "Notice of Termination" shall mean a written notice which
shall indicate the specific termination provision in this Agreement relied upon
and shall set forth in detail the facts and circumstances claimed to provide a
basis for termination of employment under the provision so indicated. "Date of
Termination" shall mean the date of the Notice of Termination. If, within thirty
(30) days after any Notice of Termination is given, the party receiving such
Notice of Termination notifies the other party that a dispute exists concerning
the termination, the parties shall promptly proceed to arbitration as provided
in Section 18 of this Agreement. Notwithstanding the pendency of any such
dispute, the Bank shall continue to pay the Executive his Base Salary, and other
compensation and benefits in effect when the notice giving rise to the dispute
was given (except as to termination of Executive for Cause). In the event of the
voluntary termination by the Executive following a Constructive Termination,
which is disputed by the Bank, if it is determined in arbitration that Executive
is not entitled to termination benefits pursuant to this Agreement, he shall
return all cash payments made to him pending resolution by arbitration and, if
it is determined in arbitration that Executive's voluntary termination of
employment was not taken in good faith and with the reasonable belief that
grounds existed for his voluntary termination, Executive shall pay interest on
such returned payments at the prime rate as published in the Wall Street Journal
from time to time.

9. POST-TERMINATION OBLIGATIONS

         (a) All payments and benefits to Executive under this Agreement shall
be subject to Executive's compliance with paragraph (b) of this Section 9 during
the term of this Agreement and for one (1) full year after the expiration or
termination hereof.

         (b) Executive shall, upon reasonable notice, furnish such information
and assistance to the Bank as may reasonably be required by the Bank in
connection with any litigation in which it or any of its subsidiaries or
affiliates is, or may become, a party.

         (c) Executive recognizes and acknowledges that the knowledge of the
business activities and plans for business activities of the Bank and affiliates
thereof, as it may exist from time to time, is a valuable, special and unique
asset of the business of the Bank. Executive will not, after the term of his
employment, disclose any knowledge of planned or considered confidential
business activities of the Bank or affiliates thereof to any person, firm,
corporation, or other entity for any reason or purpose whatsoever (except for
such disclosure as may be required to be provided to the Office of Thrift
Supervision ("OTS"), the Federal Deposit Insurance Corporation (the "FDIC"), or
other federal banking agency with jurisdiction over the Bank or Executive).
Notwithstanding the foregoing, Executive may disclose any knowledge of banking,
financial and/or economic principles, concepts or ideas which are not solely and
exclusively derived from the business plans and activities of the Bank, and
Executive may disclose any information regarding the Bank or the Company that is
otherwise publicly available. In the event of a breach or threatened breach by
the Executive of the provisions of this Section 9, the Bank will be entitled to
an injunction restraining Executive from disclosing, in whole or in part, the
knowledge of the past, present, planned or considered business activities of the
Bank or affiliates thereof, or from rendering any services to any person, firm,
corporation, other entity to whom such knowledge, in whole or in part, has been
disclosed or is threatened to be disclosed. Nothing herein will be construed as
prohibiting the Bank from pursuing any other remedies available to the Bank for
such breach or threatened breach, including the recovery of damages from
Executive.

10. SOURCE OF PAYMENTS

         All payments provided in this Agreement shall be timely paid in cash or
check from the general funds of the Bank. The Company, however (but subject to
the terms of this Agreement), guarantees payment and provision of all amounts
and benefits due hereunder to Executive and, if such amounts and benefits due
from the Bank are not timely paid or provided by the Bank, such amounts and
benefits shall be paid or provided by the Company.
<PAGE>

11. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS

         This Agreement contains the entire understanding between the parties
hereto and supersedes any prior employment agreement between the Bank or any
predecessor of the Bank and Executive, except that this Agreement shall not
affect or operate to reduce any benefit or compensation inuring to the Executive
of a kind elsewhere provided. No provision of this Agreement shall be
interpreted to mean that Executive is subject to receiving fewer benefits than
those available to him without reference to this Agreement.

12. NO ATTACHMENT

         (a) Except as required by law, no right to receive payments under this
Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation, or to execution,
attachment, levy, or similar process or assignment by operation of law, and any
attempt, voluntary or involuntary, to affect any such action shall be null,
void, and of no effect.

         (b) This Agreement shall be binding upon, and inure to the benefit of,
Executive and the Bank and their respective successors and assigns.

13. MODIFICATION AND WAIVER

         (a) This Agreement may not be modified or amended except by an
instrument in writing signed by the parties hereto.

         (b) No term or condition of this Agreement shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement, except by written instrument of the party charged with such
waiver or estoppel. No such written waiver shall be deemed a continuing waiver
unless specifically stated therein, and each such waiver shall operate only as
to the specific term or condition waived and shall not constitute a waiver of
such term or condition for the future as to any act other than that specifically
waived.

14.      REQUIRED REGULATORY PROVISIONS

         Notwithstanding anything in the Agreement to the contrary, the
following provisions shall control:

         (a) The Bank's Board of Directors may terminate the Executive's
employment at any time, but any termination by the Bank's Board of Directors,
other than Termination for Cause, shall not prejudice Executive's right to
compensation or other benefits under this Agreement. Executive shall not have
the right to receive compensation or other benefits for any period after
Termination for Cause as defined in Section 8 hereinabove.

         (b) If the Executive is suspended from office and/or temporarily
prohibited from participating in the conduct of the Bank's affairs by a notice
served under Section 8(e)(3) (12 U.S.C. Sections 1818(e)(3)) or 8(g) (12 U.S.C.
Section 1818(g)) of the Federal Deposit Insurance Act (the "FDI Act"), as
amended by the Financial Institutions Reform, Recovery and Enforcement Act of
1989, the Bank's obligations under this contract shall be suspended as of the
date of service, unless stayed by appropriate proceedings. If the charges in the
notice are dismissed, the Bank may in its discretion (i) pay the Executive all
or part of the compensation withheld while their contract obligations were
suspended and (ii) reinstate (in whole or in part) any of the obligations which
were suspended.

         (c) If the Executive is removed and/or permanently prohibited from
participating in the conduct of the Bank's affairs by an order issued under
Section 8(e) (12 U.S.C. Sections 1818(e)) or 8(g) (12 U.S.C. Section 1818(g)) of
the FDI Act, as amended by the Financial Institutions Reform, Recovery and
Enforcement Act of 1989, all obligations of the Bank under this contract shall
terminate as of the effective date of the order, but vested rights of the
contracting parties shall not be affected.

         (d) If the Bank is in default as defined in Section 3(x) (12 U.S.C.
Section 1813(x)(1)) of the Federal Deposit Insurance Act, as amended by the
Financial Institutions Reform, Recovery and Enforcement Act of 1989, all
obligations of the Bank under this contract shall terminate as of the date of
default, but this paragraph shall not affect any vested rights of the
contracting parties.

<PAGE>

         (e) All obligations of the Bank under this contract shall be
terminated, except to the extent determined that continuation of the contract is
necessary for the continued operation of the institution, (i) by the Director,
at the time FDIC or the Resolution Trust Corporation enters into an agreement to
provide assistance to or on behalf of the Bank; or (ii) by the OTS at the time
the OTS or its District Director approves a supervisory merger to resolve
problems related to the operations of the Bank or when the Bank is determined by
the OTS or FDIC to be in an unsafe or unsound condition. Any rights of the
parties that have already vested, however, shall not be affected by such action.
ANY RIGHTS UNDER THIS AGREEMENT SHALL NOT BE AFFECTED BY THE SUPERVISORY
AGREEMENTS DATED JULY 26, 2001 BY AND BETWEEN THE BANK, THE STATE OF OHIO
DIVISION OF FINANCIAL INSTITUTIONS, AND THE OTS, AND THE COMPANY AND THE OTS.

         (f) Any payments made to Executive pursuant to this Agreement, or
otherwise, are subject to and conditioned upon their compliance with 12 USC
Section 1828(k) and any regulations promulgated thereunder.

15. SEVERABILITY

         If, for any reason, any provision of this Agreement, or any part of any
provision, is held invalid, such invalidity shall not affect any other provision
of this Agreement or any part of such provision not held so invalid, and each
such other provision and part thereof shall to the full extent consistent with
law continue in full force and effect.

16. HEADINGS FOR REFERENCE ONLY

         The headings of sections and paragraphs herein are included solely for
convenience of reference and shall not control the meaning or interpretation of
any of the provisions of this Agreement.

17. GOVERNING LAW

         This Agreement shall be governed by the laws of the State of Ohio but
only to the extent not superseded by federal law.

18. ARBITRATION

         Any dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration, conducted before a panel
of three arbitrators sitting in a location selected by the Executive within the
Cleveland metropolitan area, 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; provided, however, that
Executive shall be entitled to seek specific performance of his right to be paid
until the Date of Termination during the pendency of any dispute or controversy
arising under or in connection with this Agreement.

19. PAYMENT OF LEGAL FEES

         All reasonable legal fees paid or incurred by Executive pursuant to any
dispute or question of interpretation relating to this Agreement shall be paid
or reimbursed by the Bank, provided that the dispute or interpretation has been
settled by Executive and the Bank or resolved in the Executive's favor.

20. INDEMNIFICATION

         The Bank and the Company shall provide Executive (including his heirs,
executors and administrators) with coverage under a standard directors' and
officers' liability insurance policy at its expense, and shall indemnify
Executive (and his heirs, executors and administrators) to the fullest extent
permitted under federal law against all expenses and liabilities reasonably
incurred by him in connection with or arising out of any action, suit or
proceeding in which he may be involved by reason of his having been a director
or officer of the Bank or the Company (whether or not he continues to be a
director or officer at the time of incurring such expenses or liabilities), such
expenses and liabilities to include, but not be limited to, judgments, court
costs and attorneys' fees

<PAGE>

and the cost of reasonable settlements (such settlements must be approved by the
Board of Directors of the Bank or the Company, as appropriate), provided,
however, neither the Bank nor Company shall be required to indemnify or
reimburse the Executive for legal expenses or liabilities incurred in connection
with an action, suit or proceeding arising from any illegal or fraudulent act
committed by the Executive.

21. SUCCESSOR TO THE BANK

         The Bank shall require any successor or assignee, whether direct or
indirect, by purchase, merger, consolidation or otherwise, to all or
substantially all the business or assets of the Bank or the Company, expressly
and unconditionally to assume and agree to perform the Bank's obligations under
this Agreement, in the same manner and to the same extent that the Bank would be
required to perform if no such succession or assignment had taken place.

                                   SIGNATURES

         IN WITNESS WHEREOF, the Bank and the Company have caused this Agreement
to be executed and their seals to be affixed hereunto by their duly authorized
officers, and Executives have signed this Agreement, on the day and date first
above written.

ATTEST:                                     METROPOLITAN BANK AND TRUST COMPANY

/S/: DAVID G. SLEZAK                        By:  /S/: KENNETH T. KOEHLER
------------------------------------             ------------------------------
Asst. Secretary

ATTEST:                                     METROPOLITAN FINANCIAL CORP.

/S/: DAVID G. SLEZAK                        By:  /S/:KENNETH T. KOEHLER
------------------------------------             ------------------------------
Asst. Secretary

WITNESS:                                    EXECUTIVE:

/S/: COLLEEN O. KIRK                        /S/: MARCUS FAUST
------------------------------------        -----------------------------------
                                            Marcus Faust

<PAGE>

                                   Exhibit "A"

   List of business companies / organizations for which Executive serves as of
                           the date of the Agreement

                              Marmax Partners, LLC
                          Abingdon Street Partners, LP
                          Abingdon Street Advisors, LLC

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