Document:

Unassociated Document

     

    Dean
Garfinkel

     

    

    November
23, 2010

    
 

    Barry M.
Brookstein

    Compliance
Systems Corporation

    50 Glen
Street

    Suite
308

    Glen
Cove,   NY 11542

     

    Via: Hand
Delivery and email

     

    I hereby
terminate my employment and resign from the Board of Directors and all other
positions that I hold in Compliance Systems Corporation and each of its
subsidiaries effective upon the filing of the 8K today, November 23,
2010.

     

     

    Regards,

     

    /s/ Dean
Garfinkel

     

    Dean
GarfinkelExhibit 10.1

    
 

    BANK
OF KENTUCKY

    CRESTVIEW,
KENTUCKY

    

    EXECUTIVE
DEFERRED CONTRIBUTION PLAN

    

    AMENDMENT
# 3

    

    The undersigned, a duly authorized
officer of Bank of
Kentucky  (“Company”) hereby adopts this Amendment Number 3 to the
Bank of Kentucky Executive Deferred Contribution Plan, adopted on September 1,
2003  (“Plan”).

    

    
      	
              1.

            	
              In
      order to revise the definition of “Disability” to comport with that
      contained in Treas. Reg. Section 1.409A-3(i)(1)(4), Section 1.8 of the
      Plan is hereby deleted and substituted therefor is a new Section 1.8 to
      read as follows, effective January 1,
2005:

            

    

    

    DISABILITY
means the participant is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous period
of not less than 12 months, or is, by reason of any medically determinable
physical or mental impairment that can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, receiving
income replacement benefits for a period of not less than 3 months under an
accident and health plan covering employees of the participant's employer. A
service provider will be deemed disabled if the service provider is determined
to be totally disabled by the Social Security Administration or the Railroad
Retirement Board.

    

    
      	
              2.

            	
              In
      order to revise the definition of “Separation from Service” to comport
      with that contained in Treas. Reg. Section 1.409A-1(h), Section 1.15 of
      the Plan is hereby deleted and substituted therefor is a new Section 1.15
      to read as follows, effective January 1,
2005:

            

    

    

    SEPARATION
FROM SERVICE has the meaning described in Treas. Reg. Section 1.409A-1(h), which
provides that an employee separates from service with the employer if the
employee dies, retires, or otherwise has a termination of employment with the
employer.

    

    
      
        	
                3. 

              	
                In
      order to expand the securities to which a Participant may direct
      investment of the Deferred Compensation Account, the following language is
      added to Article IV, effective upon adoption of this Amendment
      #3:

              

      

    

     

    Common or preferred stock of the
Company or an affiliate thereof is an acceptable deemed
investment.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      
        	
                4.

              	
                In
      order to provide for a minimum delay of 6 months after a Separation from
      Service for a distribution of benefits to a Key Employee while the stock
      of the Company is traded on an exchange, as required by Treas. Reg.
      Section 1.409A-1(c)(3)(v),  Section 7.3 of the Plan is hereby
      amended to add the following language, effective January 1,
      2005:

              

      

    

    

    In
the case of any key employee (as defined in Code section 416(i)) during a time
at which the stock of the Company is publicly traded on an established
securities market or otherwise, a payment upon a separation from
service  may not be made before the date that is six months after the
date of separation from service (or, if earlier than the end of the six-month
period, the date of death of the key  employee).

    

    
      
        	
                5.

              	
                In
      order to provide for one form of benefit distribution, Article VIII is
      hereby deleted and substituted therefor is a new Article VIII to read as
      follows, effective January 1,
2005:

              

      

    

    

    ARTICLE
VIII

    FORM OF BENEFIT
DISTRIBUTION

    

    8.1           FORM
OF DISTRIBUTION.  Distribution of benefits shall be made in a single
lump sum payment of the entire balance in a Participant's Deferred Compensation
Account.

    

    
      	
              6.

            	
              All
      other provisions of the Plan not otherwise affected by this amendment are
      hereby ratified and affirmed.

            

    

    

    IN
WITNESS WHEREOF, the undersigned duly authorized officer of Bank of Kentucky
hereby executes this Amendment Number 3 on this the   17th  day of
November, 2010.

    

    
      
        
          	 
      	
                  BANK
      OF KENTUCKY

                
	 
      	 
      
	 
      	
                  By:

                	
                  Robert W. Zapp

                	 
      

        

      

    

    

    
      
        	 
      	
                As
      Its:

              	
                President

              	 
      

      

    

     

    
      
         

      

      
        2Exhibit 10.2

    BANK
OF KENTUCKY

    CRESTVIEW,
KENTUCKY

    

    EXECUTIVE
PRIVATE PENSION PLAN

    

    AMENDMENT
# 2

    

    The
undersigned, a duly authorized officer of Bank of
Kentucky  (“Company”) hereby adopts this Amendment Number 2 to the
Bank of Kentucky Executive Private Pension Plan, adopted on September 1,
2003  (“Plan”).

    

    
      	
              1.

            	
              In
      order to provide a definition of “Separation from Service” for purposes of
      new Section 6.3 that comports with that contained in Treas. Reg. Section
      1.409A-1(h), a new Section 2.21 hereby added to read as follows, and
      existing Section 2.21 is hereby redesignated as Section 2.22, effective 12
      months after adoption of this Amendment
#2:

            

    

    

    SEPARATION
FROM SERVICE has the meaning described in Treas. Reg. Section 1.409A-1(h), which
provides that an employee separates from service with the employer if the
employee dies, retires, or otherwise has a termination of employment with the
employer.

    

    
      
        	
                2.

              	
                In
      order to provide for one form of benefit distribution, Section 5 is hereby
      deleted and substituted therefor is a new Section 5 to read as follows,
      effective January 1, 2005:

              

      

    

    

    SECTION
5 - GENERAL BENEFIT PROVISIONS

    

    
      	
              5.1

            	
              FORM
      OF RETIREMENT BENEFITS. Upon the Annuity Starting Date, the Participant’s
      Accrued Benefit shall be paid in the form of an
  Annuity.

            

    

    

    
      	
              5.2

            	
              GENERAL
      COMMENCEMENT OF BENEFITS RULE. Payment of the benefit under the Plan shall
      commence no later than the 15th
      day of the third calendar month after the date on which the Participant
      both has attained his Normal retirement Age and terminated his employment
      with the Employer.  Under no circumstances may the Participant,
      directly or indirectly, designate the taxable year of payment.
      Notwithstanding anything is this Plan to the contrary, in the case of any
      key employee (as defined in Code section 416(i)) during a time at which
      the stock of the Company is publicly traded on an established securities
      market or otherwise, a payment may not be made before the date that is six
      months after the date of separation from service (or, if earlier than the
      end of the six-month period, the date of death of the
      key  employee).

            

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      
        	
                3.

              	
                In
      order to provide that a Separation from Service as defined in new Section
      2.21 prior to Normal Retirement Age is a permissible payment event,
      Sections 6.2 and 6.3 of the Plan are hereby deleted and substituted
      therefor is a new Section 6.2 to read as follows, effective 12 months
      after adoption of this Amendment
#2:

              

      

    

    

    
      	
              6.2

            	
              DISTRIBUTION UPON SEPARATION
      FROM SERVICE.   A Participant who has incurred
      a Separation from Service on or after he has completed 5 Years of Service
      but before his attainment of Normal Retirement Age shall receive a lump
      sum distribution in the amount of the Actuarial Equivalent of his vested
      Accrued Benefit determined in accordance with the following
      table:

            

    

    

    
      
        
          	
                  Years of Service

                	 
      	
                  Vested Percentage of Accrued
      Benefit

                
	
                  Less
      than 5

                	 
      	
                  0%

                
	
                  5
      but less than 6

                	 
      	
                  50%

                
	
                  6
      but less than 7

                	 
      	
                  60%

                
	
                  7
      but less than 8

                	 
      	
                  70%

                
	
                  8
      buy less than 9

                	 
      	
                  80%

                
	
                  9
      but less than 10

                	 
      	
                  90%

                
	
                  10
      or more

                	
                    

                	
                  100%

                

        

      

    

    

    Such
lump sum distribution shall be made within ninety (90) days of the Separation
from Service. Under no circumstances may the Participant, directly or
indirectly, designate the taxable year of payment.

    

    
      	
              4.

            	
              All
      other provisions of the Plan not otherwise affected by this amendment are
      hereby ratified and affirmed.

            

    

    

    IN
WITNESS WHEREOF, the undersigned duly authorized officer of Bank of Kentucky
hereby executes this Amendment Number 2 on this the   17th  day of
November, 2010.

    

    
      
        
          	 
      	
                  BANK
      OF KENTUCKY

                
	 
      	 
      
	 
      	
                  By:

                	
                  Robert W. Zapp

                	 
      

        

      

    

    

    
      
        	 
      	
                As
      Its:

              	
                President

              	 
      

      

    

     

    
      
         

      

      
        2

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