Document:

EXHIBIT 10.7 - EMPLOYMENT AGREEMENT BETWEEN REGISTRANT AND
                              DONALD L. MANFREDONIA

                                       10
<PAGE>

                      THE FIRST OF LONG ISLAND CORPORATION
                                10 GLEN HEAD ROAD
                            GLEN HEAD, NEW YORK 11545

                                                       January 1, 2002

Mr. Donald L. Manfredonia

Dear Mr. Manfredonia:

     This letter employment agreement (the "Agreement")  supersedes and replaces
your  Special  Severance  Agreement  dated as of July 1,  1999.  The  terms  and
conditions of your employment by The First of Long Island Corporation  ("FLIC"),
and its subsidiary,  The First National Bank of Long Island (the "Bank"), are as
follows:

1.   TERM; RENEWAL

     The Initial  Term of the  Agreement  shall run from January 1, 2002 through
and  including  June 30, 2003 and, if not  terminated  as described  below,  the
Agreement  shall,  on January 1 of each year,  automatically  be extended for an
additional  year,  resulting in a new one and one-half  year term (the  "Renewal
Terms"),  with such modifications  hereto as the parties shall agree in writing;
provided, however, that the Agreement shall not be so extended in the event that
you or FLIC provides written notice of non-extension to the other party no later
than October 31 of the preceding year.  Notwithstanding the foregoing,  FLIC may
not provide such notice of non-extension  during any period of time in which the
Board  of  Directors  of  FLIC  is  actively   negotiating  a  transaction   the
consummation of which would constitute a Change of Control Event (as hereinafter
defined).

2.   CAPACITY

     A. You shall be employed in the capacity of Executive Vice President of the
Bank and such other senior  executive title or titles of FLIC or the Bank as may
from time to time be  determined by the Board of Directors of the Bank and FLIC.
You shall be the  senior  lending  officer  of the Bank,  with such  duties  and
responsibilities  as shall be assigned to you by the Chief Executive  Officer or
by the Board of Directors  of the Bank.  You shall be  responsible  to the Chief
Executive Officer of FLIC and the Bank.

     B. You agree to devote your full time and attention and best efforts to the
faithful and diligent  performance of your duties to FLIC and the Bank and shall
serve and further the best  interests and enhance the reputation of FLIC and the
Bank to the  best  of  your  ability.  Nothing  herein  shall  be  construed  as
preventing  you from  serving  as a member  of the  board  of  directors  of any
non-profit organization.

3.   COMPENSATION

     As full  compensation  for your  services,  you shall receive the following
from FLIC or, in the discretion of FLIC, it shall cause the following to be paid
or provided by the Bank:

     A. A Base Annual  Salary of not less than One Hundred  Seventy Six Thousand
Dollars ($176,000.00),  payable bi-weekly; provided, however, that no later than
January 15 of each year that this  Agreement  shall remain in effect,  the Chief
Executive  Officer  and the  Board  of  Directors  of  FLIC  shall  review  your
compensation, without any commitment, to determine whether to increase your Base
Annual Salary hereunder.  In the event that the Board of Directors of FLIC does,
from time to time,  increase your Base Annual Salary, the increased amount shall
be your  Base  Annual  Salary  for all  purposes  of this  Agreement,  and  such
increased  amount shall be the minimum amount payable  hereunder.

                                       11
<PAGE>

     B. Such  other  benefits  as are  consistent  with the  personnel  benefits
provided by the Bank and FLIC to its officers and employees.

     C. The use of an appropriate automobile furnished by the Bank.

4.   TERMINATION PAYMENT.

     A. You will be entitled to a payment (the  "Termination  Payment") equal to
One Hundred  Fifty Per Cent (150%) of your then current Base Annual  Salary (the
dollar amount so calculated being hereafter referred to as the "Full Severance")
and FLIC shall make such Termination Payment to you, in the event of, and within
ten (10) days after, the occurrence of any of the following:

          (i) Your employment is terminated by the Bank, provided, however, that
     you shall not be entitled to receive  such payment if such  termination  is
     due to gross and substantial dishonesty on your part; or

          (ii) You  resign  your  employment  with the Bank for Good  Reason (as
     hereinafter  defined) within  twenty-four  months after a Change of Control
     Event.

     B. You will be entitled  to a  Termination  Payment  equal to Sixty Six and
Two-Thirds Per Cent (66 2/3%) of the Full Severance in the event that you resign
your employment with the Bank for any reason during the period  beginning on the
thirty-first  day after a Change of Control Event (as  hereinafter  defined) and
ending on the sixtieth day after such event.

     C. FLIC may  elect to  discharge  its  obligation  to make the  Termination
Payment by causing the Bank, its wholly owned subsidiary, to do so.

5.   NON-WAIVER.

     Your  failure  to  resign  upon  the  occurrence  of  a  particular   event
constituting  Good Reason  hereunder  shall not bar you from  resigning upon the
subsequent  occurrence of any other or further event  constituting  Good Reason,
and thereby becoming eligible to receive the Termination Payment,  provided that
such  resignation  occurs  within  twenty-four  months after a Change of Control
Event.

6.   INELIGIBILITY FOR TERMINATION PAYMENT.

     Regardless  of whether a Change of Control Event shall have  occurred,  you
shall  not be  entitled  to any  Termination  Payment  in the  event  that  your
employment  is  terminated  by  reason  of  your  death,  normal  retirement  or
disability.

7.   DEFINITIONS.

     A. "Good Reason" for resignation by you of your  employment  shall mean the
occurrence  (without your express  written  consent) of any one of the following
acts or omissions to act by FLIC or the Bank:

          (i) The assignment to you of any duties  materially  inconsistent with
     the  nature  and  status of your  responsibilities  immediately  prior to a
     Change of Control Event, or a substantial  adverse alteration in the nature
     or status of your  responsibilities  from those in effect immediately prior
     to the Change of Control Event; provided,  however, that a redesignation of
     your  title  shall  not in and of  itself  constitute  Good  Reason if your
     overall  duties and status  within FLIC and the Bank are not  substantially
     adversely affected.

          (ii) The  failure  by FLIC or the Bank to pay you any  portion of your
     current  compensation,  or to pay you any  portion of an  installment  of a
     deferred  compensation  amount  under any  deferred  compensation  program,
     within fourteen (14) days of the date such compensation is due.

                                       12
<PAGE>

     B. "Change of Control  Event" shall mean the  occurrence  of any one of the
following:

          (i) Continuing  Outside  Directors (as hereinafter  defined) no longer
     constitute at least two-thirds  (2/3) of Outside  Directors (as hereinafter
     defined) of FLIC;

          (ii) There shall be  consummated  a merger or  consolidation  of FLIC,
     unless at least  two-thirds  (2/3) of Continuing  Outside  Directors are to
     continue to constitute at least two-thirds (2/3) of Continuing Directors;

          (iii)  At  least  two-thirds  (2/3) of  Continuing  Outside  Directors
     determine that action taken by stockholders constitutes a Change of Control
     Event; or

          (iv) The Bank shall cease to be a wholly-owned subsidiary of FLIC.

     C.  "Continuing  Outside  Director" shall mean any individual who is not an
employee  of FLIC or the Bank and who (i) is a  director  of FLIC as of the date
hereof, (ii) prior to election as a director is nominated by at least two-thirds
(2/3) of the Continuing  Outside  Directors,  or (iii)  following  election as a
director is  designated a  Continuing  Outside  Director by at least  two-thirds
(2/3) of Continuing Outside Directors.

     D. "Outside  Director"  shall mean an individual  who is not an employee of
FLIC or the Bank who is a director of FLIC.

8.   INSURANCE.

     8.1 In the event  that you shall  cease to be  employed  by the Bank  under
circumstances  entitling you to receive a  Termination  Payment  hereunder,  you
shall be entitled to the following insurance coverage:

          (a) Health Insurance. FLIC shall, at no cost to you, continue to cover
     you  under,  or  provide  you with,  family  medical  and  dental  coverage
     subsequent to the date of  termination  of your  employment.  Such coverage
     shall be continued  for a period  ending on the date which is eighteen (18)
     months after the termination  date and shall be no less favorable than your
     medical and dental coverage in effect on such termination  date;  provided,
     however, that if such termination date is subsequent to the occurrence of a
     Change of Control Event, the coverage to be provided  hereunder shall be no
     less  favorable  than  the  coverage  in  effect  immediately  prior to the
     occurrence of such Change of Control Event.

          (b) Additional Insurance. FLIC shall also continue to cover you under,
     or provide you with insurance coverage no less favorable than that provided
     by, your  disability,  group term life and any other insurance  policies in
     effect on the date of termination of your employment for a period ending on
     the date which is eighteen (18) months after such termination date.

     8.2  Notwithstanding  the provisions of the foregoing  Sections  8.1(a) and
8.1(b),  the  obligation  of FLIC to  provide  the  health  and other  insurance
coverage  described  therein  shall  cease,  as to each such  policy and form of
coverage,  on the date when  another  employer  makes  available to you benefits
which  are  substantially  comparable  to  those  described  in  such  sections,
regardless  of whether the benefits made  available by such  employer  require a
contribution on your part.

9.   DEATH.

     In the event of your death  subsequent to termination  of your  employment,
all payments and benefits  due you  hereunder  shall be paid to your  designated
beneficiary  or  beneficiaries  or, if you have not  designated a beneficiary or
beneficiaries, to your estate.

10.  MISCELLANEOUS.

     10.1 Legal Expenses.  FLIC shall pay all costs and expenses incurred by you
or us, including attorneys' fees and disbursements (at least monthly in the case
of costs and expenses incurred by you), in connection with any legal proceedings
(including,  but not limited to, arbitration),  whether or not instituted by you
or us,  relating to the  interpretation  or enforcement of any provision of this
Agreement in connection with the termination of your

                                       13
<PAGE>

employment.  FLIC also agrees to pay prejudgment  interest on any money judgment
obtained  by you as a  result  of  such  proceedings,  calculated  at the  prime
interest  rate of the Bank as in  effect  from  time to time  from the date that
payment should have been made to you hereunder.  Notwithstanding  the foregoing,
in the event  that any legal  proceedings  referred  to above  result in a final
non-appealable  determination  that your  employment was  terminated  because of
gross and  substantial  dishonesty  on your  part,  FLIC  shall  have no further
obligation  to you under this  section and you shall  refund to FLIC all amounts
previously paid to you pursuant to this section.

     10.2  Binding  Effect;  Successors.  This Agreement  shall be binding upon,
inure to the  benefit of and be  enforceable  by you and us, your heirs and your
and our respective legal representatives,  successors and assigns. If FLIC shall
be merged into or consolidated with another entity,  the provisions hereof shall
be binding upon and inure to the benefit of the entity  surviving such merger or
resulting  from such  consolidation.  We shall  required any successor  (whether
direct or indirect, by purchase,  merger,  consolidation or otherwise) to all or
substantially  all of the  business or assets of FLIC,  by agreement in form and
substance  satisfactory  to you,  to  expressly  assume  and  agree  to  perform
hereunder in the same manner and to the same extent that we would be required to
perform  hereunder if no such succession had taken place. The provisions  hereof
shall continue to apply to each subsequent merger,  consolidation or transfer of
assets of such subsequent employer.

     10.3  Notices. Any notices required to be given under this Agreement shall,
unless  otherwise  agreed to by you and us, be in  writing  and shall be sent by
certified  mail,  return receipt  requested,  to FLIC at 10 Glen Head Road, Glen
Head,  New York 11545,  Attention:  Board of  Directors,  and to you at the home
address which you have designated in writing; or at such other address as you or
we may designate in writing, respectively.

     10.4  Waiver;  Modification.  No waiver or modification in whole or in part
of this Agreement,  or any term or condition hereof,  shall be effective against
any party unless in writing and duly signed by the party sought to be bound. Any
waiver of any breach of any provision  hereof or any right or power by any party
on one occasion shall not be construed as a waiver of, or a bar to, the exercise
of such right or power on any other  occasion  or as a waiver of any  subsequent
breach.

     10.5  Separability.  Any provision of this Agreement which is unenforceable
or  invalid in any  respect in any  jurisdiction  shall be  ineffective  in such
jurisdiction to the extent that it is unenforceable or invalid without affecting
the remaining  provisions hereof, which shall continue in full force and effect.
The  enforceability  or  invalidity  of a  provision  of  the  Agreement  in one
jurisdiction shall not invalidate or render  unenforceable such provision in any
other jurisdiction.

     10.6  Controlling Law. This Agreement shall be governed by and construed in
accordance  with the laws of the State of New York  applicable to contracts made
and to be performed therein.

     If this Agreement is  satisfactory  to you, would you kindly  indicate your
acceptance by signing and returning the enclosed copy thereof to the Bank.

                                            Very truly yours,

                                            THE FIRST OF LONG ISLAND CORPORATION

                                            By: /s/ J. William Johnson
                                                -----------------------------
                                                J. William Johnson, President

Accepted and agreed to as
of the 28th day of January, 2002

/s/ Donald L. Manfredonia
--------------------------
Donald L. Manfredonia

                                       14EXHIBIT 10.8 - EMPLOYMENT AGREEMENT BETWEEN REGISTRANT AND
                                 JOSEPH G. PERRI

                                       15
<PAGE>

                      THE FIRST OF LONG ISLAND CORPORATION
                                10 GLEN HEAD ROAD
                            GLEN HEAD, NEW YORK 11545

                                                         January 1, 2002

Mr. Joseph G. Perri

Dear Mr. Perri:

     This letter employment agreement (the "Agreement")  supersedes and replaces
your  Special  Severance  Agreement  dated as of July 1,  1999.  The  terms  and
conditions of your employment by The First of Long Island Corporation  ("FLIC"),
and its subsidiary,  The First National Bank of Long Island (the "Bank"), are as
follows:

1.   TERM; RENEWAL

     The Initial  Term of the  Agreement  shall run from January 1, 2002 through
and  including  June 30, 2003 and, if not  terminated  as described  below,  the
Agreement  shall,  on January 1 of each year,  automatically  be extended for an
additional  year,  resulting in a new one and one-half  year term (the  "Renewal
Terms"),  with such modifications  hereto as the parties shall agree in writing;
provided, however, that the Agreement shall not be so extended in the event that
you or FLIC provides written notice of non-extension to the other party no later
than October 31 of the preceding year.  Notwithstanding the foregoing,  FLIC may
not provide such notice of non-extension  during any period of time in which the
Board  of  Directors  of  FLIC  is  actively   negotiating  a  transaction   the
consummation of which would constitute a Change of Control Event (as hereinafter
defined).

2.   CAPACITY

     A. You shall be employed in the capacity of Executive Vice President of the
Bank and such other senior  executive title or titles of FLIC or the Bank as may
from time to time be  determined by the Board of Directors of the Bank and FLIC.
You shall be the senior  commercial  marketing  officer  of the Bank,  with such
duties and  responsibilities  as shall be assigned to you by the Chief Executive
Officer or by the Board of Directors of the Bank.  You shall be  responsible  to
the Chief Executive Officer of FLIC and the Bank.

     B. You agree to devote your full time and attention and best efforts to the
faithful and diligent  performance of your duties to FLIC and the Bank and shall
serve and further the best  interests and enhance the reputation of FLIC and the
Bank to the  best  of  your  ability.  Nothing  herein  shall  be  construed  as
preventing  you from  serving  as a member  of the  board  of  directors  of any
non-profit organization.

3.   COMPENSATION

     As full  compensation  for your  services,  you shall receive the following
from FLIC or, in the discretion of FLIC, it shall cause the following to be paid
or provided by the Bank:

     A. A Base Annual Salary of not less than One Hundred  Sixty Eight  Thousand
Five Hundred Dollars ($168,500.00),  payable bi-weekly;  provided, however, that
no later  than  January  15 of each  year that this  Agreement  shall  remain in
effect,  the Chief  Executive  Officer and the Board of  Directors of FLIC shall
review  your  compensation,  without any  commitment,  to  determine  whether to
increase  your Base  Annual  Salary  hereunder.  In the event  that the Board of
Directors of FLIC does, from time to time, increase your Base Annual Salary, the
increased amount shall be

                                       16
<PAGE>

your Base Annual Salary for all purposes of this  Agreement,  and such increased
amount shall be the minimum amount payable hereunder.

     B. Such  other  benefits  as are  consistent  with the  personnel  benefits
provided by the Bank and FLIC to its officers and employees.

     C. The use of an appropriate automobile furnished by the Bank.

4.   TERMINATION PAYMENT.

     A. You will be entitled to a payment (the  "Termination  Payment") equal to
One Hundred  Twenty Five Per Cent (125%) of your then current Base Annual Salary
(the  dollar  amount so  calculated  being  hereafter  referred  to as the "Full
Severance")  and FLIC shall make such  Termination  Payment to you, in the event
of, and within ten (10) days after, the occurrence of any of the following:

          (i) Your employment is terminated by the Bank, provided, however, that
     you shall not be entitled to receive  such payment if such  termination  is
     due to gross and substantial dishonesty on your part; or

          (ii) You  resign  your  employment  with the Bank for Good  Reason (as
     hereinafter  defined) within  twenty-four  months after a Change of Control
     Event.

     B. You will be entitled  to a  Termination  Payment  equal to Sixty Six and
Two-Thirds Per Cent (66 2/3%) of the Full Severance in the event that you resign
your employment with the Bank for any reason during the period  beginning on the
thirty-first  day after a Change of Control Event (as  hereinafter  defined) and
ending on the sixtieth day after such event.

     C. FLIC may  elect to  discharge  its  obligation  to make the  Termination
Payment by causing the Bank, its wholly owned subsidiary, to do so.

5.   NON-WAIVER.

     Your  failure  to  resign  upon  the  occurrence  of  a  particular   event
constituting  Good Reason  hereunder  shall not bar you from  resigning upon the
subsequent  occurrence of any other or further event  constituting  Good Reason,
and thereby becoming eligible to receive the Termination Payment,  provided that
such  resignation  occurs  within  twenty-four  months after a Change of Control
Event.

6.   INELIGIBILITY FOR TERMINATION PAYMENT.

     Regardless  of whether a Change of Control Event shall have  occurred,  you
shall  not be  entitled  to any  Termination  Payment  in the  event  that  your
employment  is  terminated  by  reason  of  your  death,  normal  retirement  or
disability.

7.   DEFINITIONS.

     A. "Good Reason" for resignation by you of your  employment  shall mean the
occurrence  (without your express  written  consent) of any one of the following
acts or omissions to act by FLIC or the Bank:

               (i) The assignment to you of any duties  materially  inconsistent
          with the nature and status of your responsibilities  immediately prior
          to a Change of Control Event, or a substantial  adverse  alteration in
          the  nature or status of your  responsibilities  from  those in effect
          immediately prior to the Change of Control Event;  provided,  however,
          that a  redesignation  of  your  title  shall  not  in  and of  itself
          constitute  Good Reason if your overall  duties and status within FLIC
          and the Bank are not substantially adversely affected.

               (ii) The  failure  by FLIC or the Bank to pay you any  portion of
          your current compensation, or to pay you any portion of an installment
          of a deferred  compensation  amount  under any  deferred  compensation
          program,  within  fourteen (14) days of the date such  compensation is
          due.

                                       17
<PAGE>

     B. "Change of Control  Event" shall mean the  occurrence  of any one of the
following:

          (i) Continuing  Outside  Directors (as hereinafter  defined) no longer
     constitute at least two-thirds  (2/3) of Outside  Directors (as hereinafter
     defined) of FLIC;

          (ii) There shall be  consummated  a merger or  consolidation  of FLIC,
     unless at least  two-thirds  (2/3) of Continuing  Outside  Directors are to
     continue to constitute at least two-thirds (2/3) of Continuing Directors;

          (iii)  At  least  two-thirds  (2/3) of  Continuing  Outside  Directors
     determine that action taken by stockholders constitutes a Change of Control
     Event; or

          (iv) The Bank shall cease to be a wholly-owned subsidiary of FLIC.

     C.  "Continuing  Outside  Director" shall mean any individual who is not an
employee  of FLIC or the Bank and who (i) is a  director  of FLIC as of the date
hereof, (ii) prior to election as a director is nominated by at least two-thirds
(2/3) of the Continuing  Outside  Directors,  or (iii)  following  election as a
director is  designated a  Continuing  Outside  Director by at least  two-thirds
(2/3) of Continuing Outside Directors.

     D. "Outside  Director"  shall mean an individual  who is not an employee of
FLIC or the Bank who is a director of FLIC.

8.   INSURANCE.

     8.1 In the event  that you shall  cease to be  employed  by the Bank  under
circumstances  entitling you to receive a  Termination  Payment  hereunder,  you
shall be entitled to the following insurance coverage:

          (a) Health Insurance. FLIC shall, at no cost to you, continue to cover
     you  under,  or  provide  you with,  family  medical  and  dental  coverage
     subsequent to the date of  termination  of your  employment.  Such coverage
     shall be continued  for a period  ending on the date which is eighteen (18)
     months after the termination  date and shall be no less favorable than your
     medical and dental coverage in effect on such termination  date;  provided,
     however, that if such termination date is subsequent to the occurrence of a
     Change of Control Event, the coverage to be provided  hereunder shall be no
     less  favorable  than  the  coverage  in  effect  immediately  prior to the
     occurrence of such Change of Control Event.

          (b) Additional Insurance. FLIC shall also continue to cover you under,
     or provide you with insurance coverage no less favorable than that provided
     by, your  disability,  group term life and any other insurance  policies in
     effect on the date of termination of your employment for a period ending on
     the date which is eighteen (18) months after such termination date.

     8.2  Notwithstanding  the provisions of the foregoing  Sections  8.1(a) and
8.1(b),  the  obligation  of FLIC to  provide  the  health  and other  insurance
coverage  described  therein  shall  cease,  as to each such  policy and form of
coverage,  on the date when  another  employer  makes  available to you benefits
which  are  substantially  comparable  to  those  described  in  such  sections,
regardless  of whether the benefits made  available by such  employer  require a
contribution on your part.

9.   DEATH.

     In the event of your death  subsequent to termination  of your  employment,
all payments and benefits  due you  hereunder  shall be paid to your  designated
beneficiary  or  beneficiaries  or, if you have not  designated a beneficiary or
beneficiaries, to your estate.

10.  MISCELLANEOUS.

     10.1 Legal Expenses.  FLIC shall pay all costs and expenses incurred by you
or us, including attorneys' fees and disbursements (at least monthly in the case
of costs and expenses incurred by you), in connection with any legal proceedings
(including,  but not limited to, arbitration),  whether or not instituted by you
or us,  relating to the  interpretation  or enforcement of any provision of this
Agreement in connection with the termination of your

                                       18
<PAGE>

employment.  FLIC also agrees to pay prejudgment  interest on any money judgment
obtained  by you as a  result  of  such  proceedings,  calculated  at the  prime
interest  rate of the Bank as in  effect  from  time to time  from the date that
payment should have been made to you hereunder.  Notwithstanding  the foregoing,
in the event  that any legal  proceedings  referred  to above  result in a final
non-appealable  determination  that your  employment was  terminated  because of
gross and  substantial  dishonesty  on your  part,  FLIC  shall  have no further
obligation  to you under this  section and you shall  refund to FLIC all amounts
previously paid to you pursuant to this section.

     10.2 Binding  Effect;  Successors.  This  Agreement  shall be binding upon,
inure to the  benefit of and be  enforceable  by you and us, your heirs and your
and our respective legal representatives,  successors and assigns. If FLIC shall
be merged into or consolidated with another entity,  the provisions hereof shall
be binding upon and inure to the benefit of the entity  surviving such merger or
resulting  from such  consolidation.  We shall  required any successor  (whether
direct or indirect, by purchase,  merger,  consolidation or otherwise) to all or
substantially  all of the  business or assets of FLIC,  by agreement in form and
substance  satisfactory  to you,  to  expressly  assume  and  agree  to  perform
hereunder in the same manner and to the same extent that we would be required to
perform  hereunder if no such succession had taken place. The provisions  hereof
shall continue to apply to each subsequent merger,  consolidation or transfer of
assets of such subsequent employer.

     10.3 Notices.  Any notices required to be given under this Agreement shall,
unless  otherwise  agreed to by you and us, be in  writing  and shall be sent by
certified  mail,  return receipt  requested,  to FLIC at 10 Glen Head Road, Glen
Head,  New York 11545,  Attention:  Board of  Directors,  and to you at the home
address which you have designated in writing; or at such other address as you or
we may designate in writing, respectively.

     10.4 Waiver; Modification. No waiver or modification in whole or in part of
this Agreement,  or any term or condition hereof, shall be effective against any
party  unless in writing  and duly signed by the party  sought to be bound.  Any
waiver of any breach of any provision  hereof or any right or power by any party
on one occasion shall not be construed as a waiver of, or a bar to, the exercise
of such right or power on any other  occasion  or as a waiver of any  subsequent
breach.

     10.5  Separability.  Any provision of this Agreement which is unenforceable
or  invalid in any  respect in any  jurisdiction  shall be  ineffective  in such
jurisdiction to the extent that it is unenforceable or invalid without affecting
the remaining  provisions hereof, which shall continue in full force and effect.
The  enforceability  or  invalidity  of a  provision  of  the  Agreement  in one
jurisdiction shall not invalidate or render  unenforceable such provision in any
other jurisdiction.

     10.6  Controlling Law. This Agreement shall be governed by and construed in
accordance  with the laws of the State of New York  applicable to contracts made
and to be performed therein.

     If this Agreement is  satisfactory  to you, would you kindly  indicate your
acceptance by signing and returning the enclosed copy thereof to the Bank.

                                            Very truly yours,

                                            THE FIRST OF LONG ISLAND CORPORATION

                                            By: /s/ J. William Johnson
                                                -------------------------------
                                                J. William Johnson, President

Accepted and agreed to as
of the 30th day of January, 2002

/s/ Joseph G. Perri
----------------------
Joseph G. Perri

                                       19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]