Document:

EMPLOYMENT
      AGREEMENT 

     

    This
      Agreement (“Agreement”) is made by and between American
      Savings, FSB,
      a
      federal savings bank (the “Bank”), with its principal office in Munster,
      Indiana, and Michael
      Mellon
      (“Executive”) and shall be effective as of February
      13, 2008.
      

     

    WHEREAS,
      Executive currently serves as President and Chief Executive Officer of the
      Bank;
      and

     

    WHEREAS,
      in order
      to induce Executive to remain in the employ of the Bank and to provide further
      incentive to achieve the financial and performance objectives of the Bank,
      the
      parties desire to enter into this Agreement upon the terms and conditions
      hereof; and 

     

    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.

     

    The
      Executive agrees to serve as the President and Chief Executive Officer of the
      Bank and as such, the Executive shall be responsible for all aspects of the
      Bank
      for what a chief executive officer is customarily responsible, under the
      supervision of the Board of Directors. Executive also agrees to serve, if
      elected, as an officer and director of the Bank or any affiliate of the Bank.
      Failure to reappoint Executive as Executive Vice President of the Bank or,
      if
      Executive is also a director of the Bank, failure to re-nominate the Executive
      as a director of the Bank without the consent of Executive during the term
      of
      this Agreement (except for any termination for Just Cause or Retirement, as
      defined herein) shall constitute a breach of this Agreement.

     

    2. TERM
      AND DUTIES.

     

    (a) The
      term
      of this Agreement and the period of Executive’s employment hereunder will begin
      as of the Effective Date and will continue for a period of thirty-six (36)
      full
      calendar months thereafter. On each anniversary date of the Effective Date
      (the
“Anniversary Date”), this Agreement shall renew for an additional year such that
      the remaining term shall be thirty-six (36) full calendar months, provided,
      however, that the Board shall at least sixty (60) days before such Anniversary
      Date conduct a comprehensive performance evaluation and review of Executive
      for
      purposes of determining whether to extend this Agreement. The Board shall give
      Executive notice of its decision whether or not to renew this Agreement at
      least
      thirty (30) days and not more than sixty (60) days prior to the Anniversary
      Date, and if written notice of non-renewal is provided to Executive within
      said
      time frame, the term of this Agreement shall not be extended. 

     

    (b) During
      the period of his employment hereunder, except for periods of absence occasioned
      by illness, reasonable vacation periods, and reasonable leaves of absence
      approved by the Board, 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, Executive may serve, or continue to serve, on the boards of
      directors of, and hold any other offices or positions in, business, government,
      social, religious, charitable or similar organizations which will not present
      any conflict of interest with the Bank and provided further that Executive
      may
      continue to serve as a member of the Town Council of the City of Munster,
      Indiana.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. COMPENSATION,
      BENEFITS AND REIMBURSEMENT.

     

    (a) The
      compensation specified under this Agreement shall constitute the salary and
      benefits paid for the duties described in Section 2. The Bank shall pay
      Executive as compensation a salary of not less than $140,080.00 per year (“Base
      Salary”). Such Base Salary shall be payable biweekly, or with such other
      frequency as officers and employees are generally paid. 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
      Bank may increase, but not decrease (except a decrease that is generally
      applicable to all employees) Executive’s Base Salary (with any increase in Base
      Salary to become “Base Salary” for purposes of this Agreement). 

     

    (b) Executive
      will be entitled to participate in and receive benefits under any employee
      benefit plans including, but not limited to, retirement plans, supplemental
      retirement plans, pension plans, profit-sharing plans, health-and-accident
      insurance plans, medical coverage or any other employee benefit plan or
      arrangement made available by the Bank currently or in the future to its senior
      executives and key management employees. Executive will be entitled to
      participate in any incentive compensation and bonus plans offered by the Bank
      in
      which Executive is eligible to participate. Nothing paid to Executive under
      any
      such plan or arrangement will be deemed to be in lieu of other compensation
      to
      which 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 and may provide such additional compensation in such form and such
      amounts as the Board may from time to time determine. The Bank shall reimburse
      Executive for his ordinary and necessary business expenses including, without
      limitation, fees for memberships in such clubs and organizations as Executive
      and the Board shall mutually agree are necessary and appropriate for business
      purposes, and travel and entertainment expenses, incurred in connection with
      the
      performance of his duties under this Agreement. 

     

    (d) In
      addition to items of compensation provided for by paragraphs (a), (b) and (c)
      of
      this Section 3, the Bank shall pay or reimburse the Executive for Regular
      membership dues and related expenses to Briar Ridge Country Club in Dyer,
      Indiana or comparable club selected by Executive. The Bank shall also provide
      the Executive with a company car of equal or greater value than the vehicle
      currently driven by the Executive.

     

    

    4. PAYMENTS
      TO EXECUTIVE UPON AN EVENT OF TERMINATION.

     

    (a) Upon
      the
      occurrence of an Event of Termination (as herein defined) during Executive’s
      term of employment under this Agreement, the provisions of this Section 4
      shall apply. As used in this Agreement, an “Event of Termination” shall mean and
      include any of the following: 

     

    

    
      
        
        

      

      
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            	(i)	
              the
                involuntary termination by the Bank of Executive’s full-time employment
                hereunder for any reason other than termination governed by Section 5
                (Termination for Cause) or termination governed by Section 6
                (Termination for Disability or death) or termination governed by
                Section 7
                (Termination Upon Retirement), provided that such termination of
                employment is also a “Separation from Service” within the meaning of
                Section 4(h) hereof; or

            

    

     

    
      	
            	(ii)	
              Executive’s
                voluntary resignation from the Bank’s employ for any of the following
                reasons: 

            

    

     

    
      	 	
              (A)

            	
              the
                failure to appoint or reappoint Executive to the position set forth
                under
                Section 1 or, if Executive is also a director of the Bank or its
                holding company (the “Holding Company”) as of the date hereof, failure to
                re-nominate Executive as a director of the Bank or the Holding Company
                as
                applicable; 

            

    

     

    
      	 	
              (B)

            	
              a
                material change in Executive’s functions, duties, or responsibilities with
                the Bank, 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;
                

            

    

     

    
      	 	
              (C)

            	
              a
                relocation of Executive’s principal place of employment by more than
                twenty-five (25) miles from its location at the Effective Date of
                this
                Agreement;

            

    

     

    
      	 	
              (D)

            	
              a
                material reduction in the benefits and perquisites to Executive from
                those
                being provided as of the later of the Effective Date or any subsequent
                Anniversary Date of this Agreement, other than an employee-wide reduction
                in pay or benefits;

            

    

     

    
      	 	
              (E)

            	
              a
                liquidation or dissolution of the Bank; or

            

    

     

    
      	 	
              (F)

            	
              a
                material breach of this Agreement by the Bank or the Holding Company.
                

            

    

     

    Upon
      the
      occurrence of any event described in clauses (A), (B), (C), (D), (E) or (F),
      above, 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 of Termination, as defined in Section 9(a), given within
      ninety (90) days after the event giving rise to said right to elect. The Bank
      shall have thirty (30) days to cure the condition giving rise to the Event
      of
      Termination, provided that the Bank may elect to waive such thirty (30) day
      period. Notwithstanding the preceding sentence, in the event of a continuing
      breach of this Agreement by the Bank, Executive, after giving due notice within
      the prescribed time frame of an initial event specified above, shall not waive
      any of his rights under this Agreement and this Section solely by virtue of
      the
      fact that Executive has submitted his resignation, provided Executive has
      remained in the employment of the Bank and is engaged in good faith discussions
      to resolve any occurrence of an event described in clauses (A), (B), (C), (D)
      or
      (F) above.

     

    
      
        
        

      

      
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            	(iii)	
              (A)
                Executive’s involuntary termination by the Bank (or any successor thereto)
                on the effective date of, or at any time following, a Change in Control,
                or (B) Executive’s resignation from the employment with the Bank (or
                any successor thereto) following a Change in Control as a result
                of any
                event described in Section 4(a)(ii)(A), (B), (C), (D), or (F) above.
                For
                these purposes, a “Change in Control” shall mean a change in control of
                the Bank or the Holding Company of a nature that: (i) would be required
                to
                be reported in response to Item 5.01 of the current report on Form
                8-K, as
                in effect on the date hereof, pursuant to Section 13 or 15(d) of
                the
                Securities Exchange Act of 1934 (the “Exchange Act”); or (ii) without
                limitation such a Change in Control shall be deemed to have occurred
                at
                such time as (a) any “person” (as the term is used in Sections 13(d)
                and 14(d) of the Exchange Act), other than the Bank’s employee stock
                ownership plan or trust, is or becomes the “beneficial owner” (as defined
                in Rule 13d-3 under the Exchange Act), directly or indirectly, of
                securities of the Holding Company or Bank representing 25% or more
                of the
                combined voting power of the Holding Company’s or Bank’s outstanding
                securities; or (b) individuals who constitute the Board of Directors
                of
                the Bank or the Holding Company on the date hereof (the “Incumbent Board”)
                cease for any reason to constitute at least a majority thereof,
                provided
                that any person becoming a director subsequent to the date hereof
                whose
                election was approved by a vote of at least a majority of the directors
                of
                the Board, shall be, for purposes of this clause (b), considered
                as though
                he were a member of the Incumbent Board; or (c) a plan of reorganization,
                merger, consolidation, sale of all or substantially all the assets
                of the
                Bank or the Holding Company or similar transaction in which the Bank
                or
                Holding Company is not the surviving institution occurs; provided,
                however, that, to the extent necessary to comply with Code Section
                409A,
                “Change in Control” shall instead have the meaning set forth in Code
                Section 409A and the regulations and other guidance published
                thereunder.

            

    

     

    (b) Upon
      the
      occurrence of an Event of Termination under Sections 4(a) (i) or (ii), on
      the Date of Termination, as defined in Section 9(b), the Bank shall be
      obligated to 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, an amount equal to the sum of: (i) his
      earned but unpaid salary as of the date of his termination of employment with
      the Bank; (ii) the benefits, if any, to which he is entitled as a former
      employee under the employee benefit plans and programs and compensation plans
      and programs maintained for the benefit of the Bank’s officers and employees;
      (iii) the remaining payments that Executive would have earned, in accordance
      with Sections 3(a) and 3(b), if he had continued his employment with the
      Bank for the remainder of the term of this Agreement (but in any event, such
      term shall not exceed thirty-six (36) months), and had earned the maximum bonus
      or incentive award in each calendar year that ends during such term; and
      (iv) the annual contributions or payments that would have been made on
      Executive’s behalf to any employee benefit plans of the Bank as if Executive had
      continued his employment with the Bank for the remainder of the term of this
      Agreement (but in any event, such term shall not exceed thirty-six (36) months),
      based on contributions or payments made (on an annualized basis) at the Date
      of
      Termination. Any payments hereunder shall be made in a lump sum within thirty
      (30) days after the Date of Termination, except as otherwise provided herein.
      Such payments shall not be reduced in the event Executive obtains other
      employment following termination of employment.

     

    
      
        
        

      

      
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    (c) Upon
      the
      occurrence of an Event of Termination under Section 4(a)(iii), on the Date
      of Termination, as defined in Section 9(b), the Bank shall be obligated to
      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, an amount equal to the sum of: (i) his earned but unpaid
      salary as of the date of his termination of employment with the Bank; (ii)
      the
      benefits, if any, to which he is entitled as a former employee under the
      employee benefit plans and programs and compensation plans and programs
      maintained for the benefit of the Bank or Holding Company’s officers and
      employees; (iii) the remaining payments that Executive would have earned, in
      accordance with Sections 3 (a) and (b), if he had continued his employment
      with the Bank for a thirty-six (36) month period following his termination
      of
      employment, and had earned the maximum bonus or incentive award in each calendar
      year that ends during such term; and (iv) the annual contributions or
      payments that would have been made on Executive’s behalf to any employee benefit
      plans of the Bank or the Company as if Executive had continued his employment
      with the Bank for a thirty-six (36) month period following his termination
      of
      employment, based on contributions or payments made (on an annualized basis)
      at
      the Date of Termination. Any payments hereunder shall be made in a lump sum
      within thirty (30) days after the Date of Termination, except as otherwise
      provided herein. Such payments shall not be reduced in the event Executive
      obtains other employment following termination of employment.

     

    (d) Upon
      the
      occurrence of an Event of Termination under Section 4(a)(i), (ii) or (iii),
      the
      Bank will cause to be continued, at the Bank’s expense, non-taxable medical
      coverage substantially identical to the coverage maintained by the Bank for
      Executive and his family prior to Executive’s termination. Such coverage shall
      continue at the Bank’s expense for the remainder of the term of this Agreement
      following the Date of Termination.

     

    (e) Notwithstanding
      anything in this Agreement to the contrary, in no event shall the aggregate
      payments or benefits to be made or afforded to Executive under this Section
      constitute an “excess parachute payment” under Section 280G of the Internal
      Revenue Code of 1986, as amended, (“Code”) or any successor thereto, and in
      order to avoid such a result, Executive’s benefits hereunder shall be reduced,
      if necessary, to an amount, the value of which is one dollar ($1.00) less than
      an amount equal to three (3) times Executive’s “base amount,” as determined in
      accordance with Section 280G. The allocation of the reduction required hereby
      shall be determined by Executive, or in the event such allocation violates
      Code
      Section 409A, the reduction required hereby shall be made pro-rata.

    
      
        
        

      

      
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    (f) In
      the
      event the Executive resigns for any reason other than an Event of Termination
      (as described in Section 4), Termination for Just Cause (as described in Section
      5), Termination for Disability or Death (as described in Section 6) or
      Termination Upon Retirement (as described in Section 7), all obligations of
      the
      Bank hereunder shall immediately cease upon the date of such
      resignation.

     

    (g) Notwithstanding
      the foregoing, to the extent required by regulations or interpretations of
      the
      Office of Thrift Supervision, all severance payments under the Agreement shall
      not exceed three (3) times the Executive’s average annual compensation (as
      defined in such regulations or interpretations) over the most recent five (5)
      taxable years.

     

    (h) For
      purposes of this Agreement, a “Separation from Service” shall have occurred if
      the Bank and Executive reasonably anticipate that either no further services
      will be performed by the Executive after the date of the Event of Termination
      (whether as an employee or as an independent contractor) or the level of further
      services performed will not exceed 49% of the average level of bona fide
      services in the 36 months immediately preceding the Event of Termination. For
      all purposes hereunder, the definition of Separation from Service shall be
      interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii). If
      Executive is a Specified Employee, as defined in Code Section 409A and any
      payment to be made under sub-paragraph (b) or (c) of this Section 4 shall be
      determined to be subject to Code Section 409A, then if required by Code Section
      409A, such payment or a portion of such payment (to the minimum extent possible)
      shall be delayed and shall be paid on the first day of the seventh month
      following Executive’s Separation from Service.

     

    5. TERMINATION
      FOR JUST CAUSE. 

     

    (a) The
      term
“Termination for Just Cause” shall mean termination because of the Executive’s
      personal dishonesty, incompetence, willful misconduct, breach of fiduciary
      duty
      involving personal profit, intentional failure to perform stated duties, willful
      violation of any law, rule or regulation (other than traffic violations or
      similar offenses) or final cease-and-desist order, or material breach of any
      provision of this Agreement. 

     

    (b) Notwithstanding
      Section 5(a), the Bank may not terminate Executive for Just Cause unless
      and until there shall have been delivered to him a Notice of Termination which
      shall include a copy of a resolution duly adopted by the affirmative vote of
      not
      less than a majority of the entire membership of the Board at a meeting of
      the
      Board called and held for that purpose, finding that in the good faith opinion
      of the Board, Executive had engaged in or committed the conduct justifying
      Termination for Just Cause and specifying the particulars thereof in detail.
      Executive shall not have the right to receive compensation or other benefits
      for
      any period after Termination for Just Cause. During the period beginning on
      the
      date of the Notice of Termination for Just Cause pursuant to Section 5
      hereof through the Date of Termination, any unvested stock options and related
      rights granted to Executive under any stock option plan of the Bank or the
      Holding Company (or any affiliate) shall not be exercisable nor shall any
      unvested awards granted to Executive under any stock benefit plan of the Bank
      or
      Holding Company (or affiliate thereof) vest. At the Date of Termination, any
      such unvested stock options and related rights and any such unvested awards
      shall become null and void and shall not be exercisable by or delivered to
      Executive at any time subsequent to such Termination for Just Cause. In the
      Event of Executive’s Termination for Just Cause, Executive shall resign
      immediately as a director of the Bank and as a director and/or officer of any
      affiliate of the Bank.

     

    6. TERMINATION
      FOR DISABILITY OR DEATH.

     

    (a) The
      Bank
      or Executive may terminate Executive’s employment after having established
      Executive’s Disability. For purposes of this Agreement, “Disability” means a
      physical or mental infirmity that impairs Executive’s ability to substantially
      perform his duties under this Agreement and that results in Executive’s becoming
      eligible for long-term disability benefits under a long-term disability plan
      of
      the Bank (or, if the Bank has no such plan in effect, that impairs Executive’s
      ability to substantially perform his duties under this Agreement for a period
      of
      one hundred eighty (180) consecutive days). The Board shall determine in good
      faith, based upon competent medical advice and other factors that they
      reasonably believe to be relevant, whether or not Executive is and continues
      to
      be disabled for purposes of this Agreement. As a condition to any benefits,
      the
      Board may require Executive to submit to such physical or mental evaluations
      and
      tests as it deems reasonably appropriate, at the Bank’s expense. 

     

    (b) In
      the
      event of such Disability, Executive’s obligation to perform services under this
      Agreement will terminate. In the event of such termination, Executive shall
      receive benefits under any disability program sponsored by the Bank, provided
      such benefit is not less than the benefits provided in the following sentence
      of
      this Section 6(b). In the event the Bank does not sponsor any disability
      programs, the Executive shall continue to receive (x) his Base Salary, as
      defined in Section 3(a), at the rate in effect on the Date of Termination for
      period of one (1) year following the Date of Termination by reason of
      Disability, and (y) sixty-six and two-thirds percent (66 2/3%) of Executive’s
      Base Salary each successive year after the first year following termination
      through the earliest to occur of (i) the date of Executive’s death; (ii) the
      date the Executive recovers from such Disability; (iii) the date Executive
      attains age 65; or (iv) the expiration of thirty-six (36) months following
      the
      Date of Termination. Notwithstanding anything to the contrary herein, any
      benefits payable under this Section 6(b) shall be reduced to the extent of
      payments received by Executive from a disability policy sponsored by the
      Bank.

    
      
        
        

      

      
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    (c) In
      the
      event of Executive’s death during the term of this Agreement, his estate, legal
      representatives or named beneficiary or beneficiaries (as directed by Executive
      in writing) shall be paid Executive’s Base Salary, as defined in Section 3,
      at the rate in effect at the time of Executive’s death for a period of one (1)
      year from the date of Executive’s death.

     

    7. TERMINATION
      UPON RETIREMENT

     

    Termination
      of Executive’s employment based on “Retirement” shall mean termination of
      Executive’s employment at age 65, unless extended by the Board. Upon termination
      of Executive’s employment based on Retirement, no amounts or benefits shall be
      due Executive under this Agreement, and Executive shall be entitled to all
      benefits under any retirement plan of the Bank and other plans to which
      Executive is a party.

     

    
      
        
        

      

      
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    8. RESIGNATION
      FROM BOARDS OF DIRECTORS

     

    In
      the
      event of Executive’s termination of employment for any reason other than upon a
      Change in Control, Executive shall resign as a director of the Bank, and as
      a
      director and/or officer of any affiliate of the Bank.

     

    9. NOTICE

     

    (a) Any
      notice required hereunder shall be in writing and hand-delivered to the other
      party. Hand delivery to the Bank shall be made to the Chairman or the Secretary
      of the Board of Directors. Any termination by the Bank or by Executive shall
      be
      communicated by Notice of Termination to the other party hereto. 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.

     

    (b) “Date
      of
      Termination” shall mean (A) if Executive’s employment is terminated for
      Disability, thirty (30) days after a Notice of Termination is given (provided
      that he shall not have returned to the performance of his duties on a full-time
      basis during such thirty (30) day period), and (B) if his employment is
      terminated for any other reason, the date specified in the Notice of
      Termination.

     

    (c) If
      the
      party receiving a Notice of Termination desires to dispute or contest the basis
      or reasons for termination, the party receiving the Notice of Termination must
      notify the other party within thirty (30) days after receiving the Notice of
      Termination that such a dispute exists, and shall pursue the resolution of
      such
      dispute in good faith and with reasonable diligence pursuant to Section 19
      of this Agreement. During the pendency of any such dispute, the Bank shall
      not
      be obligated to pay Executive compensation or other payments beyond the Date
      of
      Termination.

     

    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.

     

    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. 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; BINDING ON SUCCESSORS.

     

    
      
        
        

      

      
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    (a) Except
      as
      required by law or as otherwise provided in this Agreement, 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 effect 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
      PROVISIONS.

     

    (a) The
      Bank
      may terminate Executive’s employment at any time, but any termination by the
      Board other than Termination for Just Cause as defined in Section 5 hereof
      shall
      not prejudice Executive’s right to compensation or other benefits under this
      Agreement. Executive shall have no right to receive compensation or other
      benefits for any period after Termination for Cause. 

     

    (b) If
      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 USC §1818(e)(3)] or 8(g)(1) [12 USC §1818(g)(1)] of the
      Federal Deposit Insurance Act (the “FDI Act”), the Bank’s obligations under this
      Agreement 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 Executive all or part of the compensation withheld
      while its contract obligations were suspended and (ii) reinstate (in whole
      or in
      part) any of its obligations which were suspended.

     

    (c) If
      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)(4) [12 USC
§1818(e)(4)] or 8(g)(1) [12 USC §1818(g)(1)] of the FDI Act, all obligations of
      the Bank under this Agreement 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)(1) [12 USC §1813(x)(1)] of the FDI
      Act, all obligations of the Bank under this Agreement shall terminate as of
      the
      date of default, but this paragraph shall not affect any vested rights of the
      contracting parties.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (e) All
      obligations under this Agreement shall be terminated, except to the extent
      determined that continuation of this Agreement is necessary for the continued
      operation of the Bank, (i) by the Director of the OTS or his or her designee,
      at
      the time the FDIC enters into an agreement to provide assistance to or on behalf
      of the Bank under the authority contained in Section 13(c) [12 USC §1823(c)] of
      the FDI Act; or (ii) by the Director or his or her designee at the time the
      Director or his or her designee approves a supervisory merger to resolve
      problems related to operation of the Bank or when the Bank is determined by
      the
      Director 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.

     

    (f) Notwithstanding
      anything herein contained to the contrary, any payments to Executive by the
      Bank, whether pursuant to this Agreement or otherwise, are subject to and
      conditioned upon their compliance with Section 18(k) of the FDI Act,
      12 U.S.C. Section 1828(k), and the regulations promulgated thereunder in 12
      C.F.R. Part 359.

     

    15. NON-COMPETITION
      AND POST-TERMINATION OBLIGATIONS.

     

    (a) All
      payments and benefits to Executive under this Agreement shall be subject to
      Executive’s compliance with paragraph (b), (c) and (d) of this Section
      15.

     

    (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;
      provided, however, that Executive shall not be required to provide information
      or assistance with respect to any litigation between the Executive and the
      Bank
      or any of its subsidiaries or affiliates.

     

    (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 and affiliates thereof. Executive will not, during or after the
      term
      of his employment, disclose any knowledge of the past, present, planned or
      considered 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 (“FDIC”), or
      other regulatory 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 which is otherwise
      publicly available or which Executive is otherwise legally required to disclose.
      In the event of a breach or threatened breach by Executive of the provisions
      of
      this Section 15, the Bank will be entitled to an injunction restraining
      Executive from disclosing, in whole or in part, his knowledge of the past,
      present, planned or considered business activities of the Bank or any of its
      affiliates, or from rendering any services to any person, firm, corporation
      or
      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 them for such breach
      or
      threatened breach, including the recovery of damages from
      Executive.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (d) Upon
      any
      termination of Executive’s employment hereunder for any reason other than (i)
      pursuant to Section 4(a)(iii); (ii) pursuant to Section 6; or (iii) any
      termination of Executive’s employment hereunder as a result of the expiration of
      Executive’s employment term following a notice of non-renewal pursuant to
      Section 2, Executive agrees that Executive will not, in any manner whatsoever,
      for a period of one (1) year following the termination of Executive’s employment
      with the Bank either as an individual or as a partner, stockholder, director,
      officer, principal, employee, agent, consultant, or in any other relationship
      or
      capacity, with any person, firm, corporation or other business entity, either
      directory or indirectly, solicit or induce or aid in the solicitation or
      inducement of any employees of the Bank to leave their employment with the
      Bank.
      Executive further agrees that the Executive will not, in any manner whatsoever,
      for a period of one (1) year following the termination of Executive’s employment
      with the Bank, either as an individual or as a partner, stockholder, director,
      officer, principal, employee, agent, consultant or in any other relationship
      or
      capacity with any person, firm, corporation or other business entity, either
      directly or indirectly, solicit the business of any customers or clients of
      the
      Bank at the time of termination of Executive’s employment with the
      Bank.

     

    16. 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.

     

    17. 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.

     

    18. GOVERNING
      LAW.

     

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

     

    19. ARBITRATION.

     

    Any
      dispute or controversy arising under or in connection with this Agreement shall
      be settled exclusively by binding arbitration, conducted before a single
      arbitrator selected by the Bank and Executive sitting in a location selected
      by
      the Bank and Executive within twenty-five (25) miles of Munster, Indiana, 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.

     

    20. PAYMENT
      OF LEGAL FEES.

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    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 Executive’s favor. To the
      extent necessary to avoid taxes and penalties under Code Section 409A, such
      reimbursement shall be made within two and one-half months following resolution
      of the dispute in Executive’s favor.

     

    [Signature
      page follows]

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      Bank has caused this Agreement to be executed by its duly authorized
      representative, and Executive has signed this Agreement, effective as of the
      day
      and date first above written. 

     

    
      	
              ATTEST:

            	
              AMERICAN
                SAVINGS, FSB 

            
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
              /s/
                Denise Knapp   

            	 	
              By:

            	
              /s/Donald
                L. Harle 

            	 
	
              Corporate
                Secretary

            	
              Title:  
                Director
                and Chairman of the

              Compensation
                Committee

            	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
              WITNESS:

            	
              EXECUTIVE:

            	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
              /s/
                Tricia Boss

            	 	
              /s/
                Michael Mellon   

            	 
	 	 	
              Michael
                Mellon

            	 

    

    

    
      
        
        

      

      
        13EMPLOYMENT
        AGREEMENT 

       

      This
        Agreement (“Agreement”) is made by and between American
        Savings, FSB,
        a
        federal savings bank (the “Bank”), with its principal office in Munster,
        Indiana, and Steven
        Bohn
        (“Executive”) and shall be effective as of February
        13, 2008.

       

      WHEREAS,
        in order
        to induce Executive to remain in the employ of the Bank and to provide further
        incentive to achieve the financial and performance objectives of the Bank,
        the
        parties desire to enter into this Agreement upon the terms and conditions
        hereof; and 

       

      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.

       

      The
        Executive agrees to serve as the Vice President and Chief Financial Officer
        of
        the Bank and as such, the Executive shall be responsible for all financial
        reporting of the Bank under the supervision of the President and Chief Executive
        Officer of the Bank. Executive also agrees to serve, if elected, as an officer
        and director of the Bank or any affiliate of the Bank. Failure to reappoint
        Executive as Vice President and Chief Financial Officer of the Bank or, if
        Executive is also a director of the Bank, failure to re-nominate the Executive
        as a director of the Bank without the consent of Executive during the term
        of
        this Agreement (except for any termination for Just Cause or Retirement,
        as
        defined herein) shall constitute a breach of this Agreement.

       

      2. TERM
        AND DUTIES.

       

      (a) The
        term
        of this Agreement and the period of Executive’s employment hereunder will begin
        as of the Effective Date and will continue for a period of twelve (24) full
        calendar months thereafter. On each anniversary date of the Effective Date
        (the
“Anniversary Date”), this Agreement shall renew for an additional year such that
        the remaining term shall be twelve (24) full calendar months, provided, however,
        that the Board shall at least sixty (60) days before such Anniversary Date
        conduct a comprehensive performance evaluation and review of Executive for
        purposes of determining whether to extend this Agreement. The Board shall
        give
        Executive notice of its decision whether or not to renew this Agreement at
        least
        thirty (30) days and not more than sixty (60) days prior to the Anniversary
        Date, and if written notice of non-renewal is provided to Executive within
        said
        time frame, the term of this Agreement shall not be extended. 

       

      (b) During
        the period of his employment hereunder, except for periods of absence occasioned
        by illness, reasonable vacation periods, and reasonable leaves of absence
        approved by the Board, 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, Executive may serve, or continue to serve, on the boards of
        directors of, and hold any other offices or positions in, business, social,
        religious, charitable or similar organizations which will not present any
        conflict of interest with the Bank or materially affect the performance of
        Executive’s duties pursuant to this Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      3. COMPENSATION,
        BENEFITS AND REIMBURSEMENT.

       

      (a) The
        compensation specified under this Agreement shall constitute the salary and
        benefits paid for the duties described in Section 2. The Bank shall pay
        Executive as compensation a salary of not less than $90,731.56 per year (“Base
        Salary”). Such Base Salary shall be payable biweekly, or with such other
        frequency as officers and employees are generally paid. 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
        Bank may increase, but not decrease (except a decrease that is generally
        applicable to all employees) Executive’s Base Salary (with any increase in Base
        Salary to become “Base Salary” for purposes of this Agreement). 

       

      (b) Executive
        will be entitled to participate in and receive benefits under any employee
        benefit plans including, but not limited to, retirement plans, supplemental
        retirement plans, pension plans, profit-sharing plans, health-and-accident
        insurance plans, medical coverage or any other employee benefit plan or
        arrangement made available by the Bank currently or in the future to its
        senior
        executives and key management employees. Executive will be entitled to
        participate in any incentive compensation and bonus plans offered by the
        Bank in
        which Executive is eligible to participate. Nothing paid to Executive under
        any
        such plan or arrangement will be deemed to be in lieu of other compensation
        to
        which 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 and may provide such additional compensation in such form and such
        amounts as the Board may from time to time determine. The Bank shall reimburse
        Executive for his ordinary and necessary business expenses including, without
        limitation, fees for memberships in such clubs and organizations as Executive
        and the Board shall mutually agree are necessary and appropriate for business
        purposes, and travel and entertainment expenses, incurred in connection with
        the
        performance of his duties under this Agreement.

       

      (d) In
        addition to items of compensation provided for by paragraphs (a), (b) and
        (c) of
        this Section 3, the Bank shall also provide the Executive with a company
        car of
        equal or greater value than the vehicle driven by the Executive as of the
        date
        hereof.

       

      4. PAYMENTS
        TO EXECUTIVE UPON AN EVENT OF TERMINATION.

       

      (a) Upon
        the
        occurrence of an Event of Termination (as herein defined) during Executive’s
        term of employment under this Agreement, the provisions of this Section 4
        shall apply. As used in this Agreement, an “Event of Termination” shall mean and
        include any of the following: 

       

      
        	
              	(i)	
                the
                  involuntary termination by the Bank of Executive’s full-time employment
                  hereunder for any reason other than termination governed by Section 5
                  (Termination for Cause) or termination governed by
                  Section 6(Termination for Disability or death) or termination
                  governed by Section 7 (Termination Upon Retirement), provided that
                  such
                  termination of employment is also a “Separation from Service” within the
                  meaning of Section 4(h) hereof; or

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        	
              	(ii)	
                Executive’s
                  voluntary resignation from the Bank’s employ for any of the following
                  reasons: 

              

      

       

      
        	 	
                (A)

              	
                a
                  relocation of Executive’s principal place of employment by more than
                  twenty-five (25) miles from its location at the Effective Date
                  of this
                  Agreement;

              

      

       

      
        	 	
                (B)

              	
                a
                  material reduction in the benefits and perquisites to Executive
                  from those
                  being provided as of the later of the Effective Date or any subsequent
                  Anniversary Date of this Agreement, other than an employee-wide
                  reduction
                  in pay or benefits;

              

      

       

      
        	 	
                (C)

              	
                a
                  liquidation or dissolution of the Bank; or

              

      

       

      
        	 	
                (D)

              	
                a
                  material breach of this Agreement by the Bank or the Holding Company.
                  

              

      

       

      Upon
        the
        occurrence of any event described in clauses (A), (B), (C), or (D) above,
        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 of Termination, as defined in Section 9(a), given within ninety (90)
        days after the event giving rise to said right to elect. The Bank shall have
        thirty (30) days to cure the condition giving rise to the Event of Termination,
        provided that the Bank may elect to waive such thirty (30) day period.
        Notwithstanding the preceding sentence, in the event of a continuing breach
        of
        this Agreement by the Bank, Executive, after giving due notice within the
        prescribed time frame of an initial event specified above, shall not waive
        any
        of his rights under this Agreement and this Section solely by virtue of the
        fact
        that Executive has submitted his resignation, provided Executive has remained
        in
        the employment of the Bank and is engaged in good faith discussions to resolve
        any occurrence of an event described in clauses (A), (B) or (D)
        above.

       

      
        	
              	(iii)	
                (A)
                  Executive’s involuntary termination by the Bank (or any successor thereto)
                  on the effective date of, or at any time following, a Change in
                  Control,
                  or (B) Executive’s resignation from the employment with the Bank (or
                  any successor thereto) following a Change in Control as a result
                  of any
                  event described in Section 4(a)(ii)(A), (B), or (D) above. For
                  these
                  purposes, a “Change in Control” shall mean a change in control of the Bank
                  or the Holding Company of a nature that: (i) would be required
                  to be
                  reported in response to Item 5.01 of the current report on Form
                  8-K, as in
                  effect on the date hereof, pursuant to Section 13 or 15(d) of the
                  Securities Exchange Act of 1934 (the “Exchange Act”); or (ii) without
                  limitation such a Change in Control shall be deemed to have occurred
                  at
                  such time as (a) any “person” (as the term is used in Sections 13(d)
                  and 14(d) of the Exchange Act), is or becomes the “beneficial owner” (as
                  defined in Rule 13d-3 under the Exchange Act), other than the Bank’s
                  employee stock ownership plan or trust, directly or indirectly,
                  of
                  securities of the Holding Company or Bank representing 25% or more
                  of the
                  combined voting power of the Holding Company’s or Bank’s outstanding
                  securities or (b) individuals who constitute the Board of Directors
                  of the
                  Bank, or the Holding Company on the date hereof (the “Incumbent Board”)
                  cease for any reason to constitute at least a majority thereof,
                  provided
                  that any person becoming a director subsequent to the date hereof
                  whose
                  election was approved by a vote of at least a majority of the directors
                  of
                  the Board, shall be, for purposes of this clause (b), considered
                  as though
                  he were a member of the Incumbent Board; or (c) a plan of reorganization,
                  merger, consolidation, sale of all or substantially all the assets
                  of the
                  Bank or the Holding Company or similar transaction in which the
                  Bank or
                  Holding Company is not the surviving institution occurs; provided,
                  however, that, to the extent necessary to comply with Code Section
                  409A,
                  “Change in Control” shall instead have the meaning set forth in Code
                  Section 409A and the regulations and other guidance published
                  thereunder.

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      (b) Upon
        the
        occurrence of an Event of Termination under Sections 4(a) (i) or (ii), on
        the Date of Termination, as defined in Section 9(b), the Bank shall be
        obligated to 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, an amount equal to the sum of: (i) his
        earned but unpaid salary as of the date of his termination of employment
        with
        the Bank; (ii) the benefits, if any, to which he is entitled as a former
        employee under the employee benefit plans and programs and compensation plans
        and programs maintained for the benefit of the Bank’s officers and employees;
        (iii) the remaining payments that Executive would have earned, in accordance
        with Sections 3(a) and 3(b), if he had continued his employment with the
        Bank for the remainder of the term of this Agreement (but in any event, such
        term shall not exceed twelve (24) months), and had earned the maximum bonus
        or
        incentive award in each calendar year that ends during such term; and
        (iv) the annual contributions or payments that would have been made on
        Executive’s behalf to any employee benefit plans of the Bank as if Executive had
        continued his employment with the Bank for the remainder of the term of this
        Agreement (but in any event, such term shall not exceed twelve (24) months),
        based on contributions or payments made (on an annualized basis) at the Date
        of
        Termination. Any payments hereunder shall be made in a lump sum within thirty
        (30) days after the Date of Termination, except as otherwise provided herein.
        Such payments shall not be reduced in the event Executive obtains other
        employment following termination of employment.

       

      (c) Upon
        the
        occurrence of an Event of Termination under Section 4(a)(iii), on the Date
        of Termination, as defined in Section 9(b), the Bank shall be obligated to
        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, an amount equal to the sum of: (i) his earned but unpaid
        salary as of the date of his termination of employment with the Bank; (ii)
        the
        benefits, if any, to which he is entitled as a former employee under the
        employee benefit plans and programs and compensation plans and programs
        maintained for the benefit of the Bank or Holding Company’s officers and
        employees; (iii) the remaining payments that Executive would have earned,
        in
        accordance with Sections 3 (a) and (b), if he had continued his employment
        with the Bank for a twelve (24) month period following his termination of
        employment, and had earned the maximum bonus or incentive award in each calendar
        year that ends during such term; and (iv) the annual contributions or
        payments that would have been made on Executive’s behalf to any employee benefit
        plans of the Bank or the Company as if Executive had continued his employment
        with the Bank for a twelve (24) month period following his termination of
        employment, based on contributions or payments made (on an annualized basis)
        at
        the Date of Termination. Any payments hereunder shall be made in a lump sum
        within thirty (30) days after the Date of Termination, except as otherwise
        provided herein. Such payments shall not be reduced in the event Executive
        obtains other employment following termination of employment.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      (d) Upon
        the
        occurrence of an Event of Termination under Section 4(a)(i), (ii) or (iii),
        the
        Bank will cause to be continued, at the Bank’s expense, non-taxable medical
        coverage substantially identical to the coverage maintained by the Bank for
        Executive and his family prior to Executive’s termination. Such coverage shall
        continue at the Bank’s expense for the remainder of the term of this Agreement
        following the Date of Termination.

       

      (e) Notwithstanding
        anything in this Agreement to the contrary, in no event shall the aggregate
        payments or benefits to be made or afforded to Executive under this Section
        constitute an “excess parachute payment” under Section 280G of the Internal
        Revenue Code of 1986, as amended, (“Code”) or any successor thereto, and in
        order to avoid such a result, Executive’s benefits hereunder shall be reduced,
        if necessary, to an amount, the value of which is one dollar ($1.00) less
        than
        an amount equal to three (3) times Executive’s “base amount,” as determined in
        accordance with Section 280G. The allocation of the reduction required hereby
        shall be determined by Executive, or in the event such allocation violates
        Code
        Section 409A, the reduction required hereby shall be made pro-rata.

       

      (f) In
        the
        event the Executive resigns for any reason other than an Event of Termination
        (as described in Section 4), Termination for Just Cause (as described in
        Section
        5), Termination for Disability or Death (as described in Section 6) or
        Termination Upon Retirement (as described in Section 7), all obligations
        of the
        Bank hereunder shall immediately cease upon the date of such
        resignation.

       

      (g) Notwithstanding
        the foregoing, to the extent required by regulations or interpretations of
        the
        Office of Thrift Supervision, all severance payments under the Agreement
        shall
        not exceed three (3) times the Executive’s average annual compensation (as
        defined in such regulations or interpretations) over the most recent five
        (5)
        taxable years.

       

      (h) For
        purposes of this Agreement, a “Separation from Service” shall have occurred if
        the Bank and Executive reasonably anticipate that either no further services
        will be performed by the Executive after the date of the Event of Termination
        (whether as an employee or as an independent contractor) or the level of
        further
        services performed will not exceed 49% of the average level of bona fide
        services in the 36 months immediately preceding the Event of Termination.
        For
        all purposes hereunder, the definition of Separation from Service shall be
        interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii).
        If
        Executive is a Specified Employee, as defined in Code Section 409A and any
        payment to be made under sub-paragraph (b) or (c) of this Section 4 shall
        be
        determined to be subject to Code Section 409A, then if required by Code Section
        409A, such payment or a portion of such payment (to the minimum extent possible)
        shall be delayed and shall be paid on the first day of the seventh month
        following Executive’s Separation from Service.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      5. TERMINATION
        FOR JUST CAUSE. 

       

      (a) The
        term
“Termination for Just Cause” shall mean termination because of the Executive’s
        personal dishonesty, incompetence, willful misconduct, breach of fiduciary
        duty
        involving personal profit, intentional failure to perform stated duties,
        willful
        violation of any law, rule or regulation (other than traffic violations or
        similar offenses) or final cease-and-desist order, or material breach of
        any
        provision of this Agreement. 

       

      (b) Notwithstanding
        Section 5(a), the Bank may not terminate Executive for Just Cause unless
        and until there shall have been delivered to him a Notice of Termination
        which
        shall include a copy of a resolution duly adopted by the affirmative vote
        of not
        less than a majority of the entire membership of the Board at a meeting of
        the
        Board called and held for that purpose, finding that in the good faith opinion
        of the Board, Executive had engaged in or committed the conduct justifying
        Termination for Just Cause and specifying the particulars thereof in detail.
        Executive shall not have the right to receive compensation or other benefits
        for
        any period after Termination for Just Cause. During the period beginning
        on the
        date of the Notice of Termination for Just Cause pursuant to Section 5
        hereof through the Date of Termination, any unvested stock options and related
        rights granted to Executive under any stock option plan of the Bank or the
        Holding Company (or any affiliate) shall not be exercisable nor shall any
        unvested awards granted to Executive under any stock benefit plan of the
        Bank or
        Holding Company (or affiliate thereof) vest. At the Date of Termination,
        any
        such unvested stock options and related rights and any such unvested awards
        shall become null and void and shall not be exercisable by or delivered to
        Executive at any time subsequent to such Termination for Just Cause. In the
        Event of Executive’s Termination for Just Cause, Executive shall resign
        immediately as a director of the Bank and as a director and/or officer of
        any
        affiliate of the Bank.

       

      6. TERMINATION
        FOR DISABILITY OR DEATH.

       

      (a) The
        Bank
        or Executive may terminate Executive’s employment after having established
        Executive’s Disability. For purposes of this Agreement, “Disability” means a
        physical or mental infirmity that impairs Executive’s ability to substantially
        perform his duties under this Agreement and that results in Executive’s becoming
        eligible for long-term disability benefits under a long-term disability plan
        of
        the Bank (or, if the Bank has no such plan in effect, that impairs Executive’s
        ability to substantially perform his duties under this Agreement for a period
        of
        one hundred eighty (180) consecutive days). The Board shall determine in
        good
        faith, based upon competent medical advice and other factors that they
        reasonably believe to be relevant, whether or not Executive is and continues
        to
        be disabled for purposes of this Agreement. As a condition to any benefits,
        the
        Board may require Executive to submit to such physical or mental evaluations
        and
        tests as it deems reasonably appropriate, at the Bank’s expense. 

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      (b) In
        the
        event of such Disability, Executive’s obligation to perform services under this
        Agreement will terminate. In the event of such termination, Executive shall
        receive benefits under any disability program sponsored by the Bank, provided
        such benefit is not less than the benefits provided in the following sentence
        of
        this Section 6(b). In the event the Bank does not sponsor any disability
        programs, the Executive shall continue to receive (x) his Base Salary, as
        defined in Section 3(a), at the rate in effect on the Date of Termination
        for
        period of one (1) year following the Date of Termination by reason of
        Disability. Notwithstanding anything to the contrary herein, any benefits
        payable under this Section 6(b) shall be reduced to the extent of payments
        received by Executive from a disability policy sponsored by the Bank.

       

      (c) In
        the
        event of Executive’s death during the term of this Agreement, his estate, legal
        representatives or named beneficiary or beneficiaries (as directed by Executive
        in writing) shall be paid Executive’s Base Salary, as defined in Section 3,
        at the rate in effect at the time of Executive’s death for a period of one (1)
        year from the date of Executive’s death.

       

      7. TERMINATION
        UPON RETIREMENT

       

      Termination
        of Executive’s employment based on “Retirement” shall mean termination of
        Executive’s employment at age 65, unless extended by the Board. Upon termination
        of Executive’s employment based on Retirement, no amounts or benefits shall be
        due Executive under this Agreement, and Executive shall be entitled to all
        benefits under any retirement plan of the Bank and other plans to which
        Executive is a party.

      

      8. RESIGNATION
        FROM BOARDS OF DIRECTORS

      

      In
        the
        event of Executive’s termination of employment for any reason other than upon a
        Change in Control, Executive shall resign as a director of the Bank, and
        as a
        director and/or officer of any affiliate of the Bank.

      

      9. NOTICE

      

      (a) Any
        notice required hereunder shall be in writing and hand-delivered to the other
        party. Hand delivery to the Bank shall be made to the Chairman or the Secretary
        of the Board of Directors. Any termination by the Bank or by Executive shall
        be
        communicated by Notice of Termination to the other party hereto. 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.

       

      (b) “Date
        of
        Termination” shall mean (A) if Executive’s employment is terminated for
        Disability, thirty (30) days after a Notice of Termination is given (provided
        that he shall not have returned to the performance of his duties on a full-time
        basis during such thirty (30) day period), and (B) if his employment is
        terminated for any other reason, the date specified in the Notice of
        Termination.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      (c) If
        the
        party receiving a Notice of Termination desires to dispute or contest the
        basis
        or reasons for termination, the party receiving the Notice of Termination
        must
        notify the other party within thirty (30) days after receiving the Notice
        of
        Termination that such a dispute exists, and shall pursue the resolution of
        such
        dispute in good faith and with reasonable diligence pursuant to Section 19
        of this Agreement. During the pendency of any such dispute, the Bank shall
        not
        be obligated to pay Executive compensation or other payments beyond the Date
        of
        Termination.

       

      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.

       

      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. 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; BINDING ON SUCCESSORS.

      

      (a) Except
        as
        required by law or as otherwise provided in this Agreement, 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 effect 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.

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      14. REQUIRED
        PROVISIONS.

      

      (a) The
        Bank
        may terminate Executive’s employment at any time, but any termination by the
        Board other than Termination for Just Cause as defined in Section 5 hereof
        shall
        not prejudice Executive’s right to compensation or other benefits under this
        Agreement. Executive shall have no right to receive compensation or other
        benefits for any period after Termination for Cause. 

       

      (b) If
        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 USC §1818(e)(3)] or 8(g)(1) [12 USC §1818(g)(1)] of the
        Federal Deposit Insurance Act (the “FDI Act”), the Bank’s obligations under this
        Agreement 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 Executive all or part of the compensation withheld
        while its contract obligations were suspended and (ii) reinstate (in whole
        or in
        part) any of its obligations which were suspended.

       

      (c) If
        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)(4) [12 USC
§1818(e)(4)] or 8(g)(1) [12 USC §1818(g)(1)] of the FDI Act, all obligations of
        the Bank under this Agreement 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)(1) [12 USC §1813(x)(1)] of the FDI
        Act, all obligations of the Bank under this Agreement shall terminate as
        of the
        date of default, but this paragraph shall not affect any vested rights of
        the
        contracting parties.

       

      (e) All
        obligations under this Agreement shall be terminated, except to the extent
        determined that continuation of this Agreement is necessary for the continued
        operation of the Bank, (i) by the Director of the OTS or his or her designee,
        at
        the time the FDIC enters into an agreement to provide assistance to or on
        behalf
        of the Bank under the authority contained in Section 13(c) [12 USC §1823(c)] of
        the FDI Act; or (ii) by the Director or his or her designee at the time the
        Director or his or her designee approves a supervisory merger to resolve
        problems related to operation of the Bank or when the Bank is determined
        by the
        Director 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.

       

      (f) Notwithstanding
        anything herein contained to the contrary, any payments to Executive by the
        Bank, whether pursuant to this Agreement or otherwise, are subject to and
        conditioned upon their compliance with Section 18(k) of the FDI Act,
        12 U.S.C. Section 1828(k), and the regulations promulgated thereunder in 12
        C.F.R. Part 359.

       

      15. NON-COMPETITION
        AND POST-TERMINATION OBLIGATIONS.

      

      (a) All
        payments and benefits to Executive under this Agreement shall be subject
        to
        Executive’s compliance with paragraph (b), (c) and (d) of this Section
        15.

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      (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;
        provided, however, that Executive shall not be required to provide information
        or assistance with respect to any litigation between the Executive and the
        Bank
        or any of its subsidiaries or affiliates.

       

      (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 and affiliates thereof. Executive will not, during or after the
        term
        of his employment, disclose any knowledge of the past, present, planned or
        considered 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 (“FDIC”), or
        other regulatory 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 which is otherwise
        publicly available or which Executive is otherwise legally required to disclose.
        In the event of a breach or threatened breach by Executive of the provisions
        of
        this Section 15, the Bank will be entitled to an injunction restraining
        Executive from disclosing, in whole or in part, his knowledge of the past,
        present, planned or considered business activities of the Bank or any of
        its
        affiliates, or from rendering any services to any person, firm, corporation
        or
        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 them for such breach
        or
        threatened breach, including the recovery of damages from
        Executive.

       

      (d) Upon
        any
        termination of Executive’s employment hereunder for any reason other than (i)
        pursuant to Section 4(a)(iii); (ii) pursuant to Section 6; or (iii) any
        termination of Executive’s employment hereunder as a result of the expiration of
        Executive’s employment term following a notice of non-renewal pursuant to
        Section 2, Executive agrees that Executive will not, in any manner whatsoever,
        for a period of one (1) year following the termination of Executive’s employment
        with the Bank either as an individual or as a partner, stockholder, director,
        officer, principal, employee, agent, consultant, or in any other relationship
        or
        capacity, with any person, firm, corporation or other business entity, either
        directory or indirectly, solicit or induce or aid in the solicitation or
        inducement of any employees of the Bank to leave their employment with the
        Bank.
        Executive further agrees that the Executive will not, in any manner whatsoever,
        for a period of one (1) year following the termination of Executive’s employment
        with the Bank, either as an individual or as a partner, stockholder, director,
        officer, principal, employee, agent, consultant or in any other relationship
        or
        capacity with any person, firm, corporation or other business entity, either
        directly or indirectly, solicit the business of any customers or clients
        of the
        Bank at the time of termination of Executive’s employment with the
        Bank.

       

      16. SEVERABILITY.

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      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.

       

      17. 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.

       

      18. GOVERNING
        LAW.

      

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

       

      19. ARBITRATION.

      

      Any
        dispute or controversy arising under or in connection with this Agreement
        shall
        be settled exclusively by binding arbitration, conducted before a single
        arbitrator selected by the Bank and Executive sitting in a location selected
        by
        the Bank and Executive within twenty-five (25) miles of Munster, Indiana,
        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.

       

      20. 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 Executive’s favor. To the
        extent necessary to avoid taxes and penalties under Code Section 409A, such
        reimbursement shall be made within two and one-half months following resolution
        of the dispute in Executive’s favor.

       

      [Signature
        page follows]

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        the
        Bank has caused this Agreement to be executed by its duly authorized
        representative, and Executive has signed this Agreement, effective as of
        the day
        and date first above written. 

       

    

    
      	
              ATTEST:

            	
              AMERICAN
                SAVINGS, FSB 

            
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
              /s/
                Denise Knapp   

            	 	
              By:

            	
              /s/
                Michael Mellon

            	 
	
              Corporate
                Secretary

            	
              Title: 
                President,
                Chief Executive Officer

            
	 	 	 	 	 	 
	 	 	 	 	 	 
	
              WITNESS:

            	
              EXECUTIVE:

            	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
              /s/
                Tricia Boss

            	 	
              /s/
                Steven A. Bohn

            	 
	 	 	
              
                Steven
                  A. Bohn

              

            	 

    

    

      
        
          
          

        

        
          12

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