Document:

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                                                                    Exhibit 10.2

                         EXECUTIVE EMPLOYMENT AGREEMENT

               THIS EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement") is entered
into as of July 19, 2001, between Oswego County Savings Bank, a New York
chartered stock savings bank (the "Bank"), organized and existing under the laws
of the State of New York with a principal place of business at 44 East Bridge
Street, Oswego, New York 13126 and Gregory J. Kreis, an individual residing at
944 County Route 53, Oswego, New York 13126 (the "Executive").

               WHEREAS, the Executive is one of the officers of the Bank, which
has been organized for the purpose of providing individuals and businesses in
Central New York with personal, professional and innovative financial services
delivered by an organization of undisputed integrity in a manner able to fulfill
their expectations of the Bank. Further, the Bank's goal is to maximize the
Bank's equity by helping customers attain their financial goals and potential
with a pledge of sound management of entrusted resources for the benefit of
depositors, shareholders, customers, communities and staff; and,

               WHEREAS, the Bank desires to employ the Executive, and the
Executive desires to be employed by the Bank, as President and Chief Executive
Officer ("CEO") upon the terms and conditions set forth, below:

               NOW, THEREFORE, the parties hereto agree as follows:

         1.    EMPLOYMENT, POSITION, DUTIES, AND TERM.

               1.1   Employment and Position. The Bank hereby employs the
Executive, and the Executive accepts employment, as the Bank's President and CEO
or such other executive officer's position as may from time to time be entrusted
to the Executive by the Board of Directors.

               1.2   Duties and Responsibilities. As President and CEO of the
Bank, the Executive shall manage and direct the business and affairs of the
Bank, and shall perform all such duties as are generally associated with the
position of President and CEO, or as may be specifically entrusted to the
Executive, from time to time by the Board of Directors. The Executive agrees
that, during the term of this Agreement, he will serve the Bank faithfully,
exclusively and to the best of this ability and will to the best of his ability,
promote the Bank's business and affairs. The parties recognize and agree that
the Executive shall also serve as President and CEO of Oswego County Bancorp,
Inc., a New York bank holding company which is the owner of 100% of the
outstanding common shares of the Bank (hereinafter referred to as the "Parent").

               1.3   Term of Employment. Subject to the provisions of Section 3
of this Agreement, the term of the Executive's employment hereunder small
continue for three years (the "Term"), commencing as of the date first above
written (the "Commencement Date"), and, commencing with the expiration of the
Term shall be renewed automatically for additional periods of one year each
(each one year renewal period a "Renewal Term"); unless terminated by notice
given by either party to the other not less than three months prior to the end
of the Term or any Renewal Term, or unless terminated pursuant to Section 3 of
this Agreement.

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         2.    COMPENSATION.

               2.1   Base Salary. Beginning with the Commencement Date, for each
year or partial year this Agreement is in effect, the Bank agrees to pay the
Executive a minimum base salary, before the customary and proper payroll
deductions, at the rate of One Hundred Seventy Five Thousand Dollars ($175,000)
per annum or such higher amount as the Board of Directors of the Bank may in its
discretion determine from time to time during the Term of any Renewal Term (the
"Base Salary"). The Board shall review the Executive's Base Salary at such times
as it deems appropriate, but not less frequently than once during each twelve
month period during the Term and any Renewal Term commencing with the
Commencement Date. The Base Salary shall be payable on the same payroll schedule
as that of other exempt employees of the Back, but not less frequently than
monthly. Where necessary to conform to the Bank payroll schedule at the
commencement or termination of this Agreement, the Base Salary shall be computed
on a per diem basis.

               2.2   Bonuses. The Executive shall be paid, in addition to the
Base Salary described in Section 2.1, such bonuses as may be approved by the
Bank's Board of Directors in their absolute discretion.

               2.3   Standard Benefits. While this Agreement is in effect, the
Executive shall be entitled to participate in any benefit programs instituted,
maintained, or provided by the Bank for its employees and executive officers,
including, without limitation, life insurance plans, medical and health plans,
pension and retirement plans, the Executive Supplemental Retirement Income Plan,
disability plans, and similar plan or plans, all on the same terms as such
benefits are now and hereafter available to the Bank's employees and executive
officers. The Executive shall be afforded reasonable paid vacation time, but, in
any event, not less than 25 work days per annum.

               2.4   Reimbursement of Expenses. The Executive shall be entitled
to reimbursement by the Bank for reasonable expenses incurred by the Executive
in the performance of his duties under this Agreement. The Executive shall
submit reimbursement claims, with appropriate supporting documentation, to the
Bank within 30 days of the date an expense is incurred.

         3.    TERMINATION.

               3.1   Termination by the Bank. The Bank may terminate the
Executive's employment under this Agreement only as provided in this Section
3.1.

                     (a)   For Cause. The Bank may terminate the Executive's
employment for Cause, as defined in this subsection 3.1(a) "Cause" shall mean
(1) the failure of Executive to perform his duties hereunder due to his willful
or intentional act, or (2) the refusal of the Executive to follow the reasonable
directives of the Bank's Board of Directors, or (3) the Executive's conviction
of or guilty plea to a felony, or (4) the Executive's conviction of or guilty
plea to a misdemeanor which could reasonably be considered to compromise the
best interests of the Bank or render the Executive unfit or unable to perform
his duties, or (5) the Executive's commission of any unambiguous act of
dishonesty or disloyalty toward the Bank Termination

                                      -2-

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under this subsection 3.1(a) shall be effective on the date selected by the
Board of Directors unless a majority of the Board, by that day, concludes that
the breach has been satisfactorily resolved; provided, however, that such
Termination shall, not be effective unless and until the Bank delivers to the
Executive written notice of his termination setting forth therein the following:
(1) the item or items of Cause which constitute the basis for the termination
and a description of each; (2) confirmation that the Bank's Board of Directors
by majority vote (excluding the Executive's vote, the Executive not being
entitled to vote on his own termination) has determined in its good faith
judgment that Cause exists for such termination; and (3) the effective date of
termination.

                     (b)   Disability. The Bank may terminate the Executive's
employment hereunder if the Executive is unable, as the result of any physical
or mental disability, to render service to the Bank effectively and on a full
time basis, in the manner required by this Agreement for 150 days (the
"Disability Period") in any period of 365 consecutive days. Upon expiration of
the Disability Period, termination shall thereafter become effective on the 30th
day following delivery of written notice of termination by the Bank to the
Executive, unless the Executive is no longer disabled, as confirmed to the Bank
by written opinion of Executive's physician who has been treating the Executive
for the disabling illness. The Bank reserves the right to require the Executive
to obtain, at Bank's expense, a second opinion regarding the absence of such
liability from a physician selected by Executive who specializes in the field of
the disabling illness within 30 days after request by Bank, Executive fails to
provide such second opinion confirming that Executive is no longer disabled, the
termination shall become effective upon expiration of said 30 day period.

               3.2   Death. The Executive's employment under this Agreement
shall terminate upon the Executive's death, effective on the date of death

               3.3   Termination by the Executive. The Executive may terminate
the Executive's employment under this Agreement only as provided in this Section
3.3.

                     (a)   Election of the Executive. The Executive may
terminate this Agreement at any time after its Commencement Date, at his sole
discretion, upon written notice to the Bank, such termination to be effective on
the date stated in the notice which shall be at least 60 days after the notice
is received by the Bank. The Bank, in its discretion, may accelerate the
effective date of termination.

                     (b)   Good Reason. The Executive may terminate his
employment for Good Reason following a Change in Control of the employer. "Good
Reason" shall mean any one of the following without Executive's express written
consent:

                           (i)   Failure of Bank to elect or re-elect or to
appoint or re-appoint the Executive to the office of President and CEO of the
Bank or a material adverse change made by the Bank in the Executive's functions,
duties or responsibilities as President and CEO of the Bank:

                                      -3-

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                           (ii)  A material reduction by the Bank in the
Executive's Base Salary as the same may be increased from time to time or a
material reduction in the package of fringe benefits provided to the Executive,
taken as a whole;

                           (iii) The Bank requires the Executive to relocate his
principal office more than 50 miles from the location of the Bank's current
principal executive office, except for required travel on business of the
Employer;

                           (iv)  Any purported termination of the Executive's
employment for Cause or Disability which is not effected pursuant to the
requirements of paragraph 3.1 above; or

                           (v)   The failure by the Bank to obtain the
assumption of and agreement to perform this Agreement by any successor to Bank
as contemplated herein.

               "Change in Control of the Bank" shall mean, a change in control
of the Bank of a nature that would be required to be reported in response to
items (6)e of Schedule 14A of Regulation 14A or Item 1 of Form 8-K promulgated
under the Securities Exchange Act of 1934, as amended ("Exchange Act"), or any
successor thereto, whether or not the Bank is registered under the Exchange Act;
provided that, without limitation, such a change in control shall be deemed to
have occurred if (i) any "person" (as such term is used in Section 13(d) and
14(d) of the Exchange Act) other than Oswego County MHC ("MHC") is or becomes
the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act);
directly or indirectly, of securities of the Parent representing 25% or more of
the combined voting power of the Parent's then outstanding securities; or (ii)
during any period of two consecutive years, individuals who at the beginning of
such period constitute the Board of Directors of the Bank cease for any reason
to constitute at least a majority thereof unless the election, or the nomination
for election by stockholders, of each new director was approved by a vote of at
least two-thirds of the directors then still in office who were directors at the
beginning of the period; provided further, however, that no change in control of
the Bank shall be deemed to have occurred in the event that the Bank undergoes a
mutual to stock conversion.

         4.    COMPENSATION UPON TERMINATION.

               4.1   Change of Control. In the event that the Executive's
employment is terminated by Executive for Good Reason subsequent to a Change in
Control of Bank or by Bank following a Change in Control of Bank, then the Bank
shall:

                     (a)   Pay to the Executive, at the Executive's election,
either a lump sum cash payment equal to the sum of Executive's Base Salary plus
any bonus received in the immediately prior year multiplied by the number 2.99,
or three equal annual installment payments not to exceed the total amount of the
heretofore described lump sum payment option; and

                     (b)   Maintain and provide for a period ending at the
earlier of: (1) Executive's 65th birthday or (2) the date of the Executive's
full-time employment by another employer, benefits substantially similar to
those described herein, at no cost to the Executive, the continued participation
of the Executive and his spouse in all life insurance, health, accident and

                                      -4-

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disability plans, programs and arrangements in which the Executive and his
spouse were entitled to participate immediately prior to the date of
termination. If the Executive's or his spouse's participation in any plan,
program or arrangement as provided herein is barred or during such period any
such plan, program or arrangement is discontinued or the benefits thereunder are
materially reduced, the Employer shall arrange to provide the Executive and/or
his spouse with benefits substantially similar to those which the Executive
and/or his spouse were entitled to receive under such plans, programs and
arrangements immediately prior to the date of termination.

               4.2   Without Cause or Disability. If Bank terminates Executive's
Employment without Cause (including without disability), Bank shall continue to
pay Executive's base salary and provide Executive fringe benefits for the
remainder of the Term or any then-effective Renewal Term provided in this
Agreement.

               4.3   All Other Terminations. If termination of Executive's
employment under this Agreement occurs for any reason, other than those covered
in 4.1 or 4.2 above, including the expiration of this Agreement at the end of
the Term or any Renewal Term, Executive, or his estate, as the case may be,
shall be entitled to receive that portion of the Base Salary then owing the
Executive as of the effective date of the termination, adjusted for any
customary and proper payroll deductions, prorated on a per diem basis as
necessary.

         5.    NON-COMPETITION, INVENTIONS, AND CONFIDENTIALITY.

               5.1   Non-Competition. In the event the Executive elects to
terminate his employment for any reason or Bank terminates his employment
Following a Change in Control of Bank or Bank terminates his employment without
Cause or without disability, Executive agrees that, for one year thereafter
within the geographic areas identified in Schedule A annexed to and made part of
this Agreement, Executive will not (a) engage in any direct, substantial
competition with the Bank; (b) contract or solicit, or attempt to contract or
solicit, any person, business or enterprise which has been contacted, orally or
in writing, by the Bank as a potential customer on or prior to the date of
termination of employment; or (c) hire, subcontract, employ or engage, or
contact or solicit, or attempt to contact or solicit, for the purpose of hiring,
contracting, employing or engaging, any person or entity who was an executive or
subcontractor of the Bank on or prior to the date of termination of his
employment. However, in the event that the Bank elects to terminate the
Executive for Cause or for disability, all Section 5.1 restrictions shall be
null and void. Except for the imitations set forth in this Agreement, this
Agreement does not and will not prevent Executive from working for any other
firm subsequent to termination of his Employment with the Bank as long as
Executive does not compete with the Bank, as herein set forth, or use or
disclose any Confidential Information, as more particularly set forth below.
Nothing contained in this Section 5.1 shall prohibit Executive from (a) serving
on the Board of Directors or other governing body of a civic or charitable
organization, or (b) owning or controlling shares of stock or other ownership
interest in another bank corporation or entity competitive with the Bank if: (1)
such stock or other ownership interest of such entity is in a public market
which is reported on the NASDAQ National Market System or in consolidated
trading on the New York Stock Exchange or in any other public market where
shares of stock or ownership are traded, and (2) Executive does not own or
control more than a five percent equity interest in such entity.

                                      -5-

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           5.2    Confidential Information. Executive acknowledges that he has
been and will be provided with information about, and his employment with the
Bank will directly involve, confidential affairs of the Bank, including
proprietary information regarding costs, profits, markets, sales, products,
pricing policies, operations methods, customer lists, plans for future
developments, and other information not readily available to the Bank's
competitors, all of which are highly confidential and proprietary ("Confidential
Information"). In recognition of the foregoing, Executive covenants and agrees:

                  (a)   That he will keep secret all Confidential Information of
the Bank and not disclose any Confidential Information to anyone outside of the
Bank, either during or after his employment with the Bank, except with the
Bank's prior written consent or as required by law;

                  (b)   That he will not make use of any Confidential
Information for his own purposes or the benefit of anyone other than the Bank;

                  (c)   That he will deliver promptly to the Bank upon
termination of his employment with the Bank or at any time the Bank may so
request, all memoranda, notes, records, reports, manuals, and other documents,
and all paper and electronic copies thereof which he may then possess or have
under his control, regarding any Confidential Information; and

                  (d)   That in the event that any Confidential Information
released by, or as a consequence of any actions taken or failed to be taken by
Executive, such release shall be deemed to be a material breach of the terms of
this Agreement unless Executive can show that the release was solely or
substantially due to the actions of another party or parties, or that the
Confidential Information has passed, at the time of release, into the public
domain.

           5.3    Equitable Relief. If Executive commits a breach of any of the
provisions of Section 5.1 or 5.2 of this Agreement, the Bank shall have (a) the
right to have such provisions specifically enforced by any court having equity
jurisdiction, without the posting of a bond, it being acknowledged and agreed
that any such breach will cause irreparable injury to the Bank and that money
damages will not provide an adequate remedy to the Bank, and (b) in addition to
any other remedies available to the Bank at law or in equity, the right to
require Executive to account for and pay over to the Bank all compensation,
profits, monies, accruals, increments and other benefits (collectively,
"Benefits") derived or received by Executive as a result of any transaction
constituting a breach of any of the provisions of Section 5.1 or 5.2, and
Executive will account for and pay over such Benefits to the Bank.

           5.4    Survival. The terms of Section 5.1 through 5.4 shall survive
termination of this Agreement.

           5.5    Jurisdiction. Any suit, action or other legal proceeding
arising out of this Agreement may be brought in the courts of record of the
State of New York, or in the courts of the United States, Northern District of
New York and the Executive (a) consents to the jurisdiction of each such court,
(b) agrees to accept service of any and all process, and (c) waives any
objections which may be claimed to the laying of venue in any such court.

                                      -6-

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     6.    MISCELLANEOUS PROVISIONS.

           6.1   Assignment. This Agreement shall not be assignable, in whole or
in part, by either party without the written consent of the other, except that
the Bank may, without the consent of the Executive, assign its rights and
obligations under this Agreement to a corporation, firm, or other business
entity with which or into which the Bank mergers or consolidates or to which the
Bank sells or transfers all or substantially all of its assets; provided,
however, that after any such assignment by the Bank, the Bank shall remain
liable to Executive, together with any such assignee, and provided further that
any such assignee becomes a party to this Agreement.

           6.2   Governing Law. This Agreement is made under and shall be
governed by and construed in accordance with the laws of the State of New York,
without regard to the conflict of laws provisions thereof.

           6.3   Prior Agreements. This Agreement contains the entire agreement
of the parties relating to the subject matter hereof and supersedes all prior
agreements and understandings with respect to such subject matter.

           6.4   Successors. This Agreement shall extend to and be binding upon
Executive, his legal representatives, heirs, and distributees and upon the Bank
and its successors and assigns.

           6.5   Amendments. No amendment or modification of this Agreement
shall be effective unless in writing and signed by the parties hereto.

           6.6   Waiver. No term or condition of the Agreement shall be waived,
nor shall there be any estoppel to enforce any provisions of this Agreement,
except by a statement, in writing, signed by the party against whom enforcement
of the waiver or estoppel is sought. Any written waiver shall not be a
continuing waiver unless specifically stated, shall operate only as to the
specific term or condition waived, and shall not constitute a wavier of such
term or condition for the future or as to any act other than specifically
waived.

           6.7   Severability. To the extent any provision of this Agreement
shall be invalid or unenforceable, it shall be considered modified to the extent
necessary to become valid and enforceable or, if such modification is
impracticable, deleted from this Agreement; and the remainder of such provision
and of this Agreement shall be unaffected and shall continue in fall force and
effect.

           6.8   Headings. The section headings of this Agreement are solely for
the convenience of reference and shall not control the meaning or interpretation
of any provisions in this Agreement.

           6.9   Notice. All notices required or permitted hereunder shall be in
writing and may be personally delivered; or mailed by registered or certified
mail, postage prepaid; or forwarded by any nationally recognized overnight
courier service; or transmitted by facsimile with a copy sent first class mail,
to such address as may be from time to time designated by the respective
parties. Notice shall be effective upon receipt.

                                      -7-

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           6.10  Counterparts. This Agreement may be executed in one or more
counterparts, each of which, when executed and delivered, shall be an original,
but such counterparts shall together constitute one and the same instrument.

           IN WITNESS WHEREOF, this Agreement his been duly authorized and
approved by the Bank's Board of Directors, and executed and delivered by the
undersigned as of the date and year first written above.

                                      /s/ Gregory J. Kreis
                                     --------------------------------------
                                     George J. Kreis

                                     Oswego County Savings Bank

                                     By: /s/ Paul J. Heins
                                         ----------------------------------
                                     Name:   Paul J. Heins
                                     Title: Chairman

                                      -8-

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                                   SCHEDULE A

                                 GEOGRAPHIC AREA

          Including any banking institution, branch or outlet within 100 statute
miles of 44 East Bridge Street, Oswego, New York 13126.

                                      -9-<PAGE>

                                                                    Exhibit 10.4

                           Change of Control Agreement

          This Change of Control Agreement (the "Agreement") is made and entered
into as of ________________, 2002 by and among Oswego County National Bank, a
national bank having an office at 44 East Bridge Street, Oswego, New York 13126
(the "Bank"), Bridge Street Financial, Inc., a Delaware corporation having an
office at 44 East Bridge Street, Oswego, New York 13126 (the "Company")
and__________________________ (the "Officer").

                             Introductory Statement

          The Bank has reorganized from a New York savings bank to a national
bank and has become a wholly-owned subsidiary of the Company, a stock holding
company (the "Conversion"). In connection with the Conversion, shares of the
Company's common stock were sold in a public stock offering.

          The Board of Directors of the Bank has concluded that it is in the
best interests of the Bank, the Company and their prospective shareholders to
establish a working environment for the Officer which minimizes the personal
distractions that might result from possible business combinations in which the
Company or the Bank might be involved following the Conversion. To this end, the
Bank has decided to provide the Officer with assurance that his compensation
will be continued for a minimum period of one (1) year following termination of
employment (the "Assurance Period") if his employment terminates under specified
circumstances related to a business combination. The Board of Directors of the
Bank has decided to formalize this assurance by entering into this Change of
Control Agreement with the Officer. The Board of Directors of the Company has
authorized the Company to guarantee the Bank's obligations under this Agreement.

          The terms and conditions which the Bank, the Company and the Officer
have agreed to are as follows.

                                    Agreement

          Section 1. Effective Date; Term; Change of Control and Pending Change
                     of Control Defined.

          (a) This Agreement shall take effect on the effective date of the
Conversion (the "Effective Date") and shall be in effect during the period (the
"Term") beginning on the Effective Date of the Conversion and ending on the
first anniversary of the date on which the Bank notifies the Officer of its
intent to discontinue the Agreement (the "Initial Expiration Date") or, if
later, the first anniversary of the latest Change of Control or Pending Change
of Control, as defined below, that occurs after the Effective Date and before
the Initial Expiration Date.

          (b) For all purposes of this Agreement, a "Change of Control" shall be
deemed to have occurred upon the happening of any of the following events:

<PAGE>

                  (i)    the consummation of a reorganization, merger or
         consolidation of the Company with one or more other persons, other than
         a transaction following which:

                         (A)  at least 51% of the equity ownership interests of
                  the entity resulting from such transaction are beneficially
                  owned (within the meaning of Rule 13d-3 promulgated under the
                  Securities Exchange Act of 1934, as amended ("Exchange Act"))
                  in substantially the same relative proportions by persons who,
                  immediately prior to such transaction, beneficially owned
                  (within the meaning of Rule 13d-3 promulgated under the
                  Exchange Act) at least 51% of the outstanding equity ownership
                  interests in the Company; and

                         (B)  at least 51% of the securities entitled to vote
                  generally in the election of directors of the entity resulting
                  from such transaction are beneficially owned (within the
                  meaning of Rule 13d-3 promulgated under the Exchange Act) in
                  substantially the same relative proportions by persons who,
                  immediately prior to such transaction, beneficially owned
                  (within the meaning of Rule 13d-3 promulgated under the
                  Exchange Act) at least 51% of the securities entitled to vote
                  generally in the election of directors of the Company;

                  (ii)   the acquisition of all or substantially all of the
         assets of the Company or beneficial ownership (within the meaning of
         Rule 13d-3 promulgated under the Exchange Act) of 25% or more of the
         outstanding securities of the Company entitled to vote generally in the
         election of directors by any person or by any persons acting in
         concert;

                  (iii)  a complete liquidation or dissolution of the Company;

                  (iv)   the occurrence of any event if, immediately following
         such event, at least 50% of the members of the Board of Directors of
         the Company do not belong to any of the following groups:

                         (A)  individuals  who were members of the Board of
                  Directors of the Company on the date of this Agreement; or

                         (B)  individuals who first became members of the Board
                  of Directors of the Company after the date of this Agreement
                  either:

                              (1)  upon election to serve as a member of the
                         Board of Directors of the Company by affirmative vote
                         of three-quarters of the members of such board, or of a
                         nominating committee thereof, in office at the time of
                         such first election; or

                              (2)  upon election by the shareholders of the
                         Board of Directors of the Company to serve as a member
                         of such board, but only if nominated for election by
                         affirmative vote of three-quarters of

                                       -2-

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                       the members of the Board of Directors of the Company, or
                       of a nominating committee thereof, in office at the time
                       of such first nomination;

                  provided, however, that such individual's election or
                  nomination did not result from an actual or threatened
                  election contest or other actual or threatened solicitation of
                  proxies or consents other than by or on behalf of the Board of
                  Directors of the Company; or

                  (v)  any event which would be described in section 1(b)(i),
         (ii), (iii) or (iv) if the term "Bank" were substituted for the term
         "Company" therein.

In no event, however, shall a Change of Control be deemed to have occurred as a
result of any acquisition of securities or assets of the Company, the Bank, or a
subsidiary of either of them, by the Company, the Bank, or any subsidiary of
either of them, or by any employee benefit plan maintained by any of them. For
purposes of this section 1(b), the term "person" shall have the meaning assigned
to it under sections 13(d)(3) or 14(d)(2) of the Exchange Act.

                  (c)  For purposes of this Agreement, a "Pending Change of
Control" shall mean: (i) the signing of a definitive agreement for a transaction
which, if consummated, would result in a Change of Control; (ii) the
commencement of a tender offer which, if successful, would result in a Change of
Control; or (iii) the circulation of a proxy statement seeking proxies in
opposition to management in an election contest which, if successful, would
result in a Change of Control; provided, however, that the Change of Control
contemplated does, in fact, occur.

                  Section 2.  Discharge Prior to a Pending Change of Control.

                  The Bank may discharge the Officer at any time prior to the
occurrence of a Pending Change of Control for any reason or for no reason. In
such event:

                  (a)  The Bank shall pay to the Officer (or, in the event of
his death, his estate) his earned but unpaid compensation (including, without
limitation, salary and all other items which constitute wages under applicable
law) as of the date of his termination of employment. This payment shall be made
at the time and in the manner prescribed by law applicable to the payment of
wages but in no event later than 30 days after the date of the Officer's
termination of employment.

                  (b)  The Bank shall provide the benefits, if any, due to the
Officer (or, in the event of his death, his estate, surviving dependents or his
designated beneficiaries) under the employee benefit plans and programs and
compensation plans and programs maintained for the benefit of the officers and
employees of the Bank. The time and manner of payment or other delivery of these
benefits and the recipients of such benefits shall be determined according to
the terms and conditions of the applicable plans and programs.

The payments and benefits described in sections 2(a) and (b) shall be referred
to in this Agreement as the "Standard Termination Entitlements."

                                       -3-

<PAGE>

          Section 3. Termination of Employment Due to Death.

          The Officer's employment with the Bank shall terminate, automatically
and without any further action on the part of any party to this Agreement, on
the date of the Officer's death. In such event, the Bank shall pay and deliver
to his estate and surviving dependents and beneficiaries, as applicable, the
Standard Termination Entitlements.

          Section 4. Termination Due to Disability after Change of Control or
                     Pending Change of Control.

          The Bank may terminate the Officer's employment during the Term and
after the occurrence of a Change of Control or a Pending Change of Control upon
a determination, by a majority vote of the members of the Board of Directors of
the Bank, acting in reliance on the written advice of a medical professional
acceptable to it, that the Officer is suffering from a physical or mental
impairment which, at the date of the determination, has prevented the Officer
from performing his assigned duties on a substantially full-time basis for a
period of at least one hundred and eighty (180) days during the period of one
(1) year ending with the date of the determination or is likely to result in
death or prevent the Officer from performing his assigned duties on a
substantially full-time basis for a period of at least one hundred and eighty
(180) days during the period of one (1) year beginning with the date of the
determination. In such event:

          (a) The Bank shall pay and deliver to the Officer (or in the event of
his death before payment, to his estate and surviving dependents and
beneficiaries, as applicable) the Standard Termination Entitlements.

          (b) In addition to the Standard Termination Entitlements, the Bank
shall continue to pay the Officer his base salary, at the annual rate in effect
for him immediately prior to the termination of his employment, during a period
ending on the earliest of: (i) the expiration of one hundred and eighty (180)
days after the date of termination of his employment; (ii) the date on which
long-term disability insurance benefits are first payable to him under any
long-term disability insurance plan covering employees of the Bank (the "LTD
Eligibility Date"); (iii) the date of his death; and (iv) the expiration of the
Assurance Period (the "Initial Continuation Period"). If the end of the Initial
Continuation Period is neither the LTD Eligibility Date nor the date of his
death, the Bank shall continue to pay the Officer his base salary, at an annual
rate equal to sixty percent (60%) of the annual rate in effect for him
immediately prior to the termination of his employment, during an additional
period ending on the earliest of the LTD Eligibility Date, the date of his death
and the expiration of the Assurance Period.

A termination of employment due to disability under this section 4 shall be
effected by a notice of termination given to the Officer by the Bank and shall
take effect on the later of the effective date of termination specified in such
notice or the date on which the notice of termination is deemed given to the
Officer.

                                       -4-

<PAGE>

          Section 5. Discharge with Cause after Change of Control or Pending
                     Change of Control.

          (a)   The Bank may terminate the Officer's employment with "Cause"
during the Term and after the occurrence of a Change of Control or Pending
Change of Control, but a termination shall be deemed to have occurred with
"Cause" only if:

                (i)   the Board of Directors of the Bank and the Board of
          Directors of the Company, by separate majority votes of their entire
          membership, determine that the Officer should be discharged because of
          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 any material breach of this
          Agreement; and

                (ii)  at least forty-five (45) days prior to the vote
          contemplated by section 1(b)(i), the Bank has provided the Officer
          with notice of its intent to discharge the Officer for Cause,
          detailing with particularity the facts and circumstances which are
          alleged to constitute Cause (the "Notice of Intent to Discharge"); and

                (iii) after the giving of the Notice of Intent to Discharge and
          before the taking of the vote contemplated by section 5(a)(i), the
          Officer (together with his legal counsel, if he so desires) is
          afforded a reasonable opportunity to make both written and oral
          presentations before the Board of Directors of the Bank for the
          purpose of refuting the alleged grounds for Cause for his discharge;
          and

                (iv)  after the vote contemplated by section 5(a)(i), the Bank
          has furnished to the Officer a notice of termination which shall
          specify the effective date of his termination of employment (which
          shall in no event be earlier than the date on which such notice is
          deemed given) and include a copy of a resolution or resolutions
          adopted by the Board of Directors of the Bank, certified by its
          corporate secretary and signed by each member of the Board of
          Directors voting in favor of adoption of the resolution(s),
          authorizing the termination of the Officer's employment with Cause and
          stating with particularity the facts and circumstances found to
          constitute Cause for his discharge (the "Final Discharge Notice").

          (b)   If the Officer is discharged with Cause during the Term and
after a Change of Control or Pending Change of Control, the Bank shall pay and
provide to him (or, in the event of his death, to his estate, his surviving
beneficiaries and his dependents) the Standard Termination Entitlements only.
Following the giving of a Notice of Intent to Discharge, the Bank shall
temporarily suspend the Officer's duties and authority and, in such event, shall
also suspend the payment of salary and other cash compensation, but not the
Officer's participation in retirement,

                                       -5-

<PAGE>

insurance and other employee benefit plans. If the Officer is not discharged, or
is discharged without Cause, within forty-five (45) days after the giving of a
Notice of Intent to Discharge, payments of salary and cash compensation shall
resume, and all payments withheld during the period of suspension shall be
promptly restored. If the Officer is discharged with Cause not later than
forty-five (45) days after the giving of the Notice of Intent to Discharge, all
payments withheld during the period of suspension shall be deemed forfeited and
shall not be included in the Standard Termination Entitlements. If the Bank does
not give a Final Discharge Notice to the Officer within ninety (90) days after
giving a Notice of Intent to Discharge, the Notice of Intent to Discharge shall
be deemed withdrawn and any future action to discharge the Officer with Cause
shall require the giving of a new Notice of Intent to Discharge.

          Section 6.   Discharge without Cause.

          The Bank may discharge the Officer without Cause at any time after the
occurrence of a Change of Control or Pending Change of Control, and in such
event:

          (a)   The Bank shall pay and deliver to the Officer (or in the event
of his death before payment, to his estate and surviving dependents and
beneficiaries, as applicable) the Standard Termination Entitlements.

          (b)   In addition to the Standard Termination Entitlements:

                (i)  During the Assurance Period, the Bank shall provide for the
          Officer and his dependents continued group life, health (including
          hospitalization, medical and major medical), dental, accident and
          long-term disability insurance benefits on substantially the same
          terms and conditions (including any required premium-sharing
          arrangements, co-payments and deductibles) in effect for them
          immediately prior to the Officer's resignation. The coverage provided
          under this section 6(b)(i) may, at the election of the Bank, be
          secondary to the coverage provided as part of the Standard Termination
          Entitlements and to any employer-paid coverage provided by a
          subsequent employer or through Medicare, with the result that benefits
          under the other coverages will offset the coverage required by this
          section 6(b)(i).

                (ii) The Bank shall make a lump sum payment to the Officer (or,
          in the event of his death before payment, to his estate), in an amount
          equal to the value of the salary, bonus, short-term and long-term cash
          compensation that the Officer received in the calendar year preceding
          that in which the termination of employment with the Bank occurs to
          compensate the Officer for the payments the Officer would have
          received during the Assurance Period. Such lump sum shall be paid in
          lieu of all other payments of salary, bonus, short-term and long-term
          cash compensation provided for under this Agreement in respect of the
          period following any such termination. Such payment shall be made
          (without discounting for early payment) within thirty (30) days
          following the Officer's termination of employment.

                                       -6-

<PAGE>

The payments and benefits described in section 6(b) are referred to in this
Agreement as the "Additional Change of Control Entitlements".

                  Section 7.   Resignation.

                  (a)   The Officer may resign from his employment with the Bank
at any time. A resignation under this section 7 shall be effected by notice of
resignation given by the Officer to the Bank and shall take effect on the later
of the effective date of termination specified in such notice or the date on
which the notice of termination is deemed given to the Officer. The Officer's
resignation of any of the positions within the Bank or the Company to which he
has been assigned shall be deemed a resignation from all such positions.

                  (b)   The Officer's resignation shall be deemed to be for
"Good Reason" if the effective date of resignation occurs during the Term, but
on or after the effective date of a Change of Control, and is on account of:

                  (i)   the failure of the Bank (whether by act or omission of
         the Board of Directors, or otherwise) to appoint or re-appoint or elect
         or re-elect the Officer to the position with Bank that he held
         immediately prior to the Change of Control (the "Assigned Office") or
         to a more senior office;

                  (ii)  a material failure by the Bank, whether by amendment of
         the certificate of incorporation or organization, by-laws, action of
         the Board of Directors of the Bank or otherwise, to vest in the Officer
         the functions, duties, or responsibilities customarily associated with
         the Assigned Office; provided that the Officer shall have given notice
         of such failure to the Bank, and the Bank has not fully cured such
         failure within thirty (30) days after such notice is deemed given;

                  (iii) any reduction of the Officer's rate of base salary in
         effect from time to time, whether or not material, or any failure
         (other than due to reasonable administrative error that is cured
         promptly upon notice) to pay any portion of the Officer's compensation
         as and when due;

                  (iv)  any change in the terms and conditions of any
         compensation or benefit program in which the Officer participates
         which, either individually or together with other changes, has a
         material adverse effect on the aggregate value of his total
         compensation package; provided that the Officer shall have given notice
         of such material adverse effect to the Bank, and the Bank has not fully
         cured such material adverse effect within thirty (30) days after such
         notice is deemed given; provided, however, that this section 7(b)(iv)
         shall not apply if the change in the terms and conditions of the
         compensation or benefit program affects all participants in such
         program equally;

                  (v)   any material breach by the Bank of any material term,
         condition or covenant contained in this Agreement; provided that the
          Officer shall have given

                                       -7-

<PAGE>

         notice of such material adverse effect to the Bank, and the Bank has
         not fully cured such material adverse effect within thirty (30) days
         after such notice is deemed given; or

                  (vi) a change in the Officer's principal place of employment
         to a place that is not the principal executive office of the Bank, or a
         relocation of the Bank's principal executive office to a location that
         is both more than thirty-five (35) miles away from the Officer's
         principal residence and more than thirty-five (35) miles away from the
         location of the Bank's principal executive office on the day before the
         occurrence of the Change of Control.

In all other cases, a resignation by the Officer shall be deemed to be without
Good Reason. In the event of resignation, the Officer shall state in his notice
of resignation whether he considers his resignation to be a resignation with
Good Reason, and if he does, he shall state in such notice the grounds which
constitute Good Reason. The Officer's determination of the existence of Good
Reason shall be conclusive in the absence of fraud, bad faith or manifest error.

                  (c)  In the event of the Officer's resignation for any reason,
the Bank shall pay and deliver the Standard Termination Entitlements. In the
event of the Officer's resignation with Good Reason, the Bank shall also pay and
deliver the Additional Termination Entitlements.

                  Section 8.  Terms and Conditions of the Additional Termination
                              Entitlements.

                  The Bank and the Officer hereby stipulate that the damages
which may be incurred by the Officer following any termination of employment are
not capable of accurate measurement as of the date first above written and that
the Additional Termination Entitlements constitute reasonable damages under the
circumstances and shall be payable without any requirement of proof of actual
damage and without regard to the Officer's efforts, if any, to mitigate damages.
The Bank and the Officer further agree that the Bank may condition the payment
and delivery of the Additional Termination Entitlements on the receipt of: (a)
the Officer's resignation from any and all positions which he holds as an
officer, director or committee member with respect to the Bank or the Company or
any subsidiary or affiliate of either of them; and (b) a release of the Bank and
its officers, directors, shareholders, subsidiaries and affiliates, in form and
substance satisfactory to the Bank, of any liability to the Officer, whether for
compensation or damages, in connection with his employment with the Bank and the
termination of such employment except for the Standard Termination Entitlements
and the Additional Termination Entitlements.

                  Section 9.  No Effect on Employee Benefit Plans or Programs.

                  The termination of the Officer's employment during the
Assurance Period or thereafter, whether by the Bank or by the Officer, shall
have no effect on the rights and obligations of the parties hereto under the
Bank's qualified or non-qualified retirement, pension, savings, thrift,
profit-sharing or stock bonus plans, group life, health (including
hospitalization, medical and major

                                      -8-

<PAGE>

medical), dental, accident and long term disability insurance plans or such
other employee benefit plans or programs, or compensation plans or programs, as
may be maintained by, or cover employees of, the Bank from time to time;
provided, however, that nothing in this Agreement shall be deemed to duplicate
any compensation or benefits provided under any agreement, plan or program
covering the Officer to which the Bank or Company is a party and any duplicative
amount payable under any such agreement, plan or program shall be applied as an
offset to reduce the amounts otherwise payable hereunder.

               Section 10.  Successors and Assigns.

               This Agreement will inure to the benefit of and be binding upon
the Officer, his legal representatives and testate or intestate distributees,
and the Company and the Bank and their respective successors and assigns,
including any successor by merger or consolidation or a statutory receiver or
any other person or firm or corporation to which all or substantially all of the
assets and business of the Company or the Bank may be sold or otherwise
transferred. Failure of the Bank to obtain from any successor its express
written assumption of the Company's or Bank's obligations hereunder at least 60
days in advance of the scheduled effective date of any such succession shall, if
such succession constitutes a Change of Control, constitute Good Reason for the
Officer's resignation on or at any time during the Term following the occurrence
of such succession.

               Section 11.  Notices.

               Any communication required or permitted to be given under this
Agreement, including any notice, direction, designation, consent, instruction,
objection or waiver, shall be in writing and shall be deemed to have been given
at such time as it is delivered personally, or five days after mailing if
mailed, postage prepaid, by registered or certified mail, return receipt
requested, addressed to such party at the address listed below or at such other
address as one such party may by written notice specify to the other party:

               If to the Officer:

                        [Officer name]
                        [Officer address]
                        [Officer address]

               If to the Company or the Bank:

                        Bridge Street Financial, Inc.
                        44 East Bridge Street
                        Oswego, New York 13126

                        Attention: Chairman, Personnel & Compensation Committee
                                   of the Board of Directors

                                       -9-

<PAGE>

                  Section 12.  Indemnification for Attorneys' Fees.

                  The Bank shall indemnify, hold harmless and defend the Officer
against reasonable costs, including legal fees, incurred by him in connection
with or arising out of any action, suit or proceeding in which he may be
involved, as a result of his efforts, in good faith, to defend or enforce the
terms of this Agreement; provided, however, that the Officer shall have
substantially prevailed on the merits pursuant to a judgment, decree or order of
a court of competent jurisdiction or of an arbitrator in an arbitration
proceeding. The determination whether the Officer shall have substantially
prevailed on the merits and is therefore entitled to such indemnification, shall
be made by the court or arbitrator, as applicable. In the event of a settlement
pursuant to a settlement agreement, any indemnification payment under this
section 12 shall be made only after a determination by the members of the Board
(other than the Officer and any other member of the Board to which the Officer
is related by blood or marriage) that the Officer has acted in good faith and
that such indemnification payment is in the best interests of the Bank.

                  Section 13.  Severability.

                  A determination that any provision of this Agreement is
invalid or unenforceable shall not affect the validity or enforceability of any
other provision hereof.

                  Section 14.  Waiver.

                  Failure to insist upon strict compliance with any of the
terms, covenants or conditions hereof shall not be deemed a waiver of such term,
covenant, or condition. A waiver of any provision of this Agreement must be made
in writing, designated as a waiver, and signed by the party against whom its
enforcement is sought. Any waiver or relinquishment of any right or power
hereunder at any one or more times shall not be deemed a waiver or
relinquishment of such right or power at any other time or times.

                  Section 15.  Counterparts.

                  This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original, and all of which shall constitute one
and the same Agreement.

                  Section 16.  Governing Law.

                  This Agreement shall be governed by and construed and enforced
in accordance with the federal laws of the United States and, to the extent that
federal law is inapplicable, in accordance with the laws of the State of New
York applicable to contracts entered into and to be performed entirely within
the State of New York.

                                      -10-

<PAGE>

                  Section 17.  Headings and Construction.

                  The headings of sections in this Agreement are for convenience
of reference only and are not intended to qualify the meaning of any section.
Any reference to a section number shall refer to a section of this Agreement,
unless otherwise stated.

                  Section 18.  Entire Agreement; Modifications.

                  This instrument contains the entire agreement of the parties
relating to the subject matter hereof, and supersedes in its entirety any and
all prior agreements, understandings or representations relating to the subject
matter hereof. No modifications of this Agreement shall be valid unless made in
writing and signed by the parties hereto.

                  Section 19.  Required Regulatory Provisions.

                  The following provisions are included for the purposes of
complying with various laws, rules and regulations applicable to the Bank:

                  (a)  Notwithstanding anything herein contained to the
contrary, in no event shall the aggregate amount of compensation payable to the
Officer hereunder exceed three times the Officer's average annual compensation
(within the meaning of OTS Regulatory Bulletin 27a or any successor thereto) for
the last five consecutive calendar years to end prior to his termination of
employment with the Bank (or for his entire period of employment with the Bank
if less than five calendar years). The compensation payable to the Officer
hereunder shall be further reduced (but not below zero) if such reduction would
avoid the assessment of excise taxes on excess parachute payments (within the
meaning of section 280G of the Code).

                  (b)  Notwithstanding anything herein contained to the
contrary, any payments to the Officer by the Bank, whether pursuant to this
Agreement or otherwise, are subject to and conditioned upon their compliance
with section 18(k) of the Federal Deposit Insurance Act ("FDI Act"), 12 U.S.C.
(S)1828(k), and any regulations promulgated thereunder.

                  (c)  Notwithstanding anything herein contained to the
contrary, if the Officer is suspended from office and/or temporarily prohibited
from participating in the conduct of the affairs of the Bank pursuant to a
notice served under section 8(e)(3) or 8(g)(1) of the FDI Act, 12 U.S.C.
(S)1818(e)(3) or 1818(g)(1), the Bank's obligations under this Agreement shall
be suspended as of the date of service of such notice, unless stayed by
appropriate proceedings. If the charges in such notice are dismissed, the Bank,
in its discretion, may (i) pay to the Officer all or part of the compensation
withheld while the Bank's obligations hereunder were suspended and (ii)
reinstate, in whole or in part, any of the obligations which were suspended.

                  (d)  Notwithstanding anything herein contained to the
contrary, if the Officer 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) or 8(g)(1) of the FDI Act, 12 U.S.C. (S)1818(e)(4) or (g)(1),
all

                                      -11-

<PAGE>

prospective obligations of the Bank under this Agreement shall terminate as of
the effective date of the order, but vested rights and obligations of the Bank
and the Officer shall not be affected.

                  (e) Notwithstanding anything herein contained to the contrary,
if the Bank is in default (within the meaning of section 3(x)(1) of the FDI Act,
12 U.S.C. (S)1813(x)(1), all prospective obligations of the Bank under this
Agreement shall terminate as of the date of default, but vested rights and
obligations of the Bank and the Officer shall not be affected.

                  (f) Notwithstanding anything herein contained to the contrary,
all prospective obligations of the Bank hereunder shall be terminated, except to
the extent that a continuation of this Agreement is necessary for the continued
operation of the Bank: (i) by the Director of the OTS or his designee or the
Federal Deposit Insurance Corporation ("FDIC"), 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) of the FDI Act, 12 U.S.C. (S)1823(c); (ii)
by the Director of the OTS or his designee at the time such Director or designee
approves a supervisory merger to resolve problems related to the operation of
the Bank or when the Bank is determined by such Director to be in an unsafe or
unsound condition. The vested rights and obligations of the parties shall not be
affected.

                  If and to the extent that any of the foregoing provisions
shall cease to be required or by applicable law, rule or regulation, the same
shall become inoperative as though eliminated by formal amendment of this
Agreement.

                  Section 20.  Guaranty.

                  The Company hereby irrevocably and unconditionally guarantees
to the Officer the payment of all amounts, and the performance of all other
obligations, due from the Bank in accordance with the terms of this Agreement as
and when due without any requirement of presentment, demand of payment, protest
or notice of dishonor or nonpayment.

                  Section 21.  Effective Date.

                  This Agreement shall become effective (the "Effective Date")
upon the effective date of the Bank's conversion from a New York savings bank to
a national bank pursuant to the Conversion. The Bank, the Company and the
Officer each hereby acknowledge and agree that the terms of this Agreement shall
have no force or effect prior to such Effective Date.

                                      -12-

<PAGE>

                  In Witness Whereof, the Bank and the Company have caused this
Agreement to be executed and the Officer has hereunto set his hand, all as of
the day and year first above written.

                                           _____________________________________
                                           [___________]

                                           Oswego County National Bank

Attest:

By___________________________________      By___________________________________
  Name:                                      Name:
  Title:                                     Title:

[Seal]

                                           Bridge Street Financial, Inc.

Attest:

By___________________________________      By___________________________________
  Name:                                      Name:
  Title:                                     Title:

[Seal]

                                      -13-

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