Document:

Exhibit 10.11

 

AMENDED AND RESTATED

EUREKA HOMESTEAD

DIRECTOR RETIREMENT PLAN

 

This
Amended and Restated Director Retirement Plan (the “Agreement”) by
and between Eureka Homestead (the “Bank”), and Wilbur A. Toups Jr. (the
 “Director”), effective as of the 1st day of January, 2015, formalizes the agreements and understanding between the
Bank and the Director.

 

WITNESSETH:

 

WHEREAS,
the Director and Bank have been party to a Director Retirement
Plan dated October 21, 2003 (as amended, the “Prior Agreement”); and

 

WHEREAS,
the American Jobs Creation Act of 2004 added a new section to the, Code Section 409A, which imposes
additional requirements on nonqualified deferred compensation amounts deferred or vested after
December 31, 2004; and

 

WHEREAS,
the Prior Agreement is a nonqualified deferred compensation plan as that term is used in Code
Section 409A; and

 

WHEREAS,
proposed regulations under Code Section 409A were issued in October of 2005 and final regulations were issued
on April 17, 2007, originally effective January 1, 2008,
but subsequently delayed until January 1, 2009; and

 

WHEREAS,
on January 5, 2010, the IRS issued Notice 2010-6, establishing
a document correction program for certain eligible failures of deferred compensation plans to meet the written document requirements
of Code Section 409A and the final regulations; and

 

WHEREAS,
the Director and Bank have identified certain provisions of the Prior Agreement that fail to comply with Code Section 409A that
were unintentionally and inadvertently not amended earlier; and

 

WHEREAS,
the noncompliant provisions are eligible document failures
under Notice 2010-6; and

 

WHEREAS,
the Director and Bank now wish to correct all document failures in accordance with Notice 2010-6;

 

NOW
THEREFORE, in consideration of the premises and of the
mutual promises herein contained, the Bank and the Director agree to replace the Prior Agreement with this Amended and Restated
Agreement as follows:

 

    	 	1	 

     

    

 

ARTICLE 1

DEFINITIONS

 

For
the purpose of this Agreement, the following phrases or terms shall have the indicated meanings:

 

1.1             
“Accrued Benefit” means the dollar value of the liability that should be accrued by the Bank, under Generally
Accepted Accounting Principles, for the Bank’s obligation to the Director under this Agreement, calculated by applying Accounting
Standards Codification 710-10.

 

1.2             
“Administrator” means the Board or its designee.

 

1.3             
“Affiliate” means any business entity with whom the Bank would be considered a single employer under
Code Section 414(b) and 414(c). Such term shall be interpreted in a manner consistent with the definition of “service recipient”
contained in Code Section 409A.

 

1.4             
“Beneficiary” means the person or persons designated in writing by the Director to receive benefits hereunder
in the event of the Director’s death.

 

1.5              
“Board” means the Board of Directors of the Bank.

 

1.6             
“Cause” means any of the following acts or circumstances: gross negligence or gross neglect of duties
to the Bank; conviction of a felony or of a gross misdemeanor involving moral turpitude in connection with the Director’s
service with the Bank; or fraud, disloyalty, dishonesty or willful violation of any law or significant Bank policy committed in
connection with the Director’s service and resulting in a material adverse effect on the Bank.

 

1.7             
“Change in Control” means a change in the ownership or effective control of the Bank, or in the ownership
of a substantial portion of the assets of the Bank, as such change is defined in Code Section 409A and regulations thereunder.

 

1.8             
“Claimant” means a person who believes that he or she is being denied a benefit to which he or she is
entitled hereunder.

 

1.9              
“Code” means the Internal Revenue Code of 1986, as amended.

 

1.10            “Disability” means
a condition of the Director whereby the Director either: (i) is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected
to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan
covering employees of the Bank. The Administrator will determine whether the Director has incurred a Disability based on its
own good faith determination and may require the Director to submit to reasonable physical and mental examinations for this
purpose. The Director will also be deemed to have incurred a Disability if determined to be totally disabled by the Social
Security Administration or in accordance with a disability insurance program, provided that the definition of
disability applied under such disability insurance program complies with the initial sentence of this Section.

 

    	 	2	 

     

    

 

1.11            “Early
Termination” means Separation from Service before Normal Benefit Age except when such Separation from Service occurs
due to termination for Cause.

 

1.12           
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 

1.13           
“Normal Benefit Age” means the date the Director attains age seventy-five (75).

 

1.14            “Separation
from Service” means a termination of the Director’s service with the Bank and its Affiliates for reasons
other than death or Disability. A Separation from Service may occur as of a specified date for purposes of the Agreement even
if the Director continues to provide some services for the Bank or its Affiliates after that date, provided that the
facts and circumstances indicate that the Bank and the Director reasonably anticipated at that date that either no further
services would be performed after that date, or that the level of bona fide services the Director would perform after such
date (whether as an employee or as an independent contractor) would permanently decrease to no more than twenty percent (20%)
of the average level of bona fide services performed over the immediately preceding thirty-six (36) month period (or the full
period during which the Director performed services for the Bank, if that is less than thirty-six (36) months). A Separation
from Service will not be deemed to have occurred while the Director is on military leave, sick leave, or other bona fide
leave of absence if the period of such leave does not exceed six (6) months or, if longer, the period for which a statute or
contract provides the Director with the right to reemployment with the Bank. If the Director’s leave exceeds six (6)
months but the Director is not entitled to reemployment under a statute or contract, the Director incurs a Separation of
Service on the next day following the expiration of such six (6) month period. In determining whether a Separation of Service
occurs the Administrator shall take into account, among other things, the definition of “service recipient” and
 “employer” set forth in Treasury regulation §1.409A-l(h)(3). The Administrator shall have full and final
authority, to determine conclusively whether a Separation from Service occurs, and the date of such Separation from
Service.

 

1.15           
“Specified Employee” means an individual that satisfies the definition of a “key employee”
of the Bank as such term is defined in Code §416(i) (without regard to Code §416(i)(5)), provided that the stock of the
Bank is publicly traded on an established securities market or otherwise, as defined in Code §1.897-l(m). If the Director
is a key employee at any time during the twelve (12) months ending on December 31, the Director is a Specified Employee for the
twelve (12) month period commencing on the first day of the following April.

 

    	 	3	 

     

    

 

ARTICLE 2

PAYMENT OF BENEFITS

2.1             
Misstatement. Notwithstanding anything to the contrary in this Article 2, no benefit shall be distributed hereunder
if an insurance company which issued a life insurance policy covering the Director and owned by the Bank denies coverage (i) for
material misstatements of fact made by the Director on an application for life insurance, or

(ii) for any other reason.

 

2.2             
Normal Benefit. At Normal Benefit Age, the Bank shall pay the Director an annual benefit in the amount of Twelve
Thousand Dollars ($12,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly installments
commencing the month following Normal Benefit Age and continuing for ten (10) years.

 

2.3             
Early Termination Benefit. If Early Termination occurs, the Bank shall pay the Director an annual benefit in the
amount of Twelve Thousand Dollars ($12,000) in lieu of any other benefit hereunder. The annual benefit will be paid in equal monthly
installments commencing the month following Normal Benefit Age and continuing for ten (10) years.

 

2.4             
Disability Benefit. In the event the Director suffers a Disability prior to Normal Retirement Age the Bank shall
pay the Director an annual benefit in the amount of Twelve Thousand Dollars ($12,000) in lieu of any other benefit hereunder. The
annual benefit will be paid in equal monthly installments commencing the month following Normal Benefit Age and continuing for
ten (10) years.

 

2.5             
Death Prior to Commencement of Benefit Payments. In the event the Director dies prior to Separation from Service,
the Bank shall pay the Beneficiary a benefit of One Hundred Twenty Thousand Dollars ($120,000) in lieu of any other benefit hereunder.
The benefit will be paid in a lump sum within ninety (90) days following the Director’s death.

 

2.6             
Death Subsequent to Commencement of Benefit Payments. In the event the Director dies while receiving payments, but
prior to receiving all payments due and owing hereunder, the Employer shall pay the Beneficiary the sum of the remaining payments,
in lieu of any other benefit hereunder. The benefit will be paid in a lump sum within ninety (90) days following the Director’s
death.

 

2.7             
Termination for Cause. If the Bank terminates the Director’s service for Cause, then the Director shall not
be entitled to any benefits under the terms of this Agreement.

 

2.8              Restriction
on Commencement of Distributions. Notwithstanding any provision of this Agreement to the contrary, if the Director is
considered a Specified Employee at the time of Separation from Service, the provisions of this Section shall govern all
distributions hereunder. Distributions which would otherwise be made to the Director due to Separation from Service shall not
be make during the first six (6) months following Separation from Service. Rather, any distribution which would otherwise be
paid to the Director during such period shall be accumulated and paid to the Director in a lump sum on the first day of
the seventh month following Separation from Service, or if earlier, upon the Director’s death. All subsequent
distributions shall be paid as they would have had this Section not applied.

 

    	 	4	 

     

    

 

2.9             
Acceleration of Payments. Except as specifically permitted herein, no acceleration of the time or schedule of any
payment may be made hereunder. Notwithstanding the foregoing, payments may be accelerated, in accordance with the provisions of
Treasury Regulation §1.409A-3(j)(4) in the following circumstances: (i) as a result of certain domestic relations orders;
(ii) in compliance with ethics agreements with the federal government; (iii) in compliance with the ethics laws or conflicts of
interest laws; (iv) in limited cashouts (but not in excess of the limit under Code §402(g)(1)(B)); (v) to pay employment-related
taxes; or (vi) to pay any taxes that may become due at any time that the Agreement fails to meet the requirements of Code Section
409A.

 

2.10           
Delays in Payment by Bank. A payment may be delayed to a date after the designated payment date under any of the
circumstances described below, and the provision will not fail to meet the requirements of establishing a permissible payment event.
The delay in the payment will not constitute a subsequent deferral election, so long as the Bank treats all payments to similarly
situated Participants on a reasonably consistent basis.

 

(a)              
Payments subject to Code Section 162(m). If the Bank reasonably anticipates that the Bank’s deduction with
respect to any distribution under this Agreement would be limited or eliminated by application of Code Section 162(m), then to
the extent deemed necessary by the Bank to ensure that the entire amount of any distribution from this Agreement is deductible,
the Bank may delay payment of any amount that would otherwise be distributed under this Agreement. The delayed amounts shall be
distributed to the Director (or the Beneficiary in the event of the Director’s death) at the earliest date the Bank reasonably
anticipates that the deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m).

 

(b)              
Payments that would violate Federal securities laws or other applicable law. A payment may be delayed where the Bank
reasonably anticipates that the making of the payment will violate Federal securities laws or other applicable law provided that
the payment is made at the earliest date at which the Bank reasonably anticipates that the making of the payment will not cause
such violation. The making of a payment that would cause inclusion in gross income or the application of any penalty provision
of the Internal Revenue Code is not treated as a violation of law.

 

(c)                Solvency.
Notwithstanding the above, a payment may be delayed where the payment would jeopardize the ability of the Bank to continue as
a going concern.

 

    	 	5	 

     

    

 

2.11           
Treatment of Payment as Made on Designated Payment Date. Solely for purposes of determining compliance with Code
Section 409A, any payment under this Agreement made after the required payment date shall be deemed made on the required payment
date provided that such payment is made by the latest of: (i) the end of the calendar year in which the payment is due; (ii) the
15th day of the third calendar month following the payment due date; (iii) if Bank cannot calculate the payment amount on account
of administrative impracticality which is beyond the Director’s control, the end of the first calendar year which payment
calculation is practicable; and (iv) if Bank does not have sufficient funds to make the payment without jeopardizing the Bank’s
solvency, in the first calendar year in which the Bank’s funds are sufficient to make the payment.

 

2.12            
Facility of Payment. If a distribution is to be made to a minor, or to a person who is otherwise incompetent, then
the Administrator may make such distribution: (i) to the legal guardian, or if none, to a parent of a minor payee with whom the
payee maintains his or her residence; or (ii) to the conservator or administrator or, if none, to the person having custody of
an incompetent payee. Any such distribution shall fully discharge the Bank and the Administrator from further liability on account
thereof.

 

2.13            
Changes in Form or Timing of Benefit Payments. The Bank and the Director may, subject to the terms hereof, amend
this Agreement to delay the timing or change the form of payments. Any such amendment:

 

(a)              
must take effect not less than twelve (12) months after the amendment is made;

 

(b)              
must, for benefits distributable due solely to the arrival of a specified date, or on account of Separation from Service or
Change in Control, delay the commencement of distributions for a minimum of five (5) years from the date the first
distribution was originally scheduled to be made;

 

(c)              
must, for benefits distributable due solely to the arrival of a specified date, be made not less than twelve (12) months
before distribution is scheduled to begin; and

 

(d)              
may not accelerate the time or schedule of any distribution.

 

ARTICLE
3

BENEFICIARIES

 

3.1               Designation
of Beneficiaries. The Director may designate any person to receive any benefits payable under the Agreement upon the
Director’s death, and the designation may be changed from time to time by the Director by filing a new
designation. Each designation will revoke all prior designations by the Director, shall be in the form prescribed by the
Administrator, and shall be effective only when filed in writing with the Administrator during the Director’s lifetime.
If the Director names someone other than the Director’s spouse as a Beneficiary, the Administrator may, in its sole
discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by
the Director’s spouse and returned to the Administrator. The Director’s beneficiary designation shall be deemed
automatically revoked if the Beneficiary predeceases the Director or if the Director names a spouse as Beneficiary and the
marriage is subsequently dissolved.

 

    	 	6	 

     

    

 

3.2               
Absence of Beneficiary Designation. In the absence of a valid Beneficiary designation, or if, at the time any benefit
payment is due to a Beneficiary, there is no living Beneficiary validly named by the Director, the Bank shall pay the benefit payment
to the Director’s estate.

 

ARTICLE 4

ADMINISTRATION

 

4.1            
Administrator Duties. The Administrator shall be responsible for the management, operation, and administration of
the Agreement. When making a determination or calculation, the Administrator shall be entitled to rely on information furnished
by the Bank, Director or Beneficiary. No provision of this Agreement shall be construed as imposing on the Administrator any fiduciary
duty under ERISA or other law, or any duty similar to any fiduciary duty under ERISA or other law.

 

4.2            
Administrator Authority. The Administrator shall enforce this Agreement in accordance with its terms, shall be charged
with the general administration of this Agreement, and shall have all powers necessary to accomplish its purposes.

 

4.3             
Binding Effect of Decision. The decision or action of the Administrator with respect to any question arising out
of or in connection with the administration, interpretation or application of this Agreement and the rules and regulations promulgated
hereunder shall be final, conclusive and binding upon all persons having any interest in this Agreement.

 

4.4            
Compensation, Expenses and Indemnity. The Administrator shall serve without compensation for services rendered hereunder.
The Administrator is authorized at the expense of the Bank to employ such legal counsel and/or recordkeeper as it may deem advisable
to assist in the performance of its duties hereunder. Expense and fees in connection with the administration of this Agreement
shall be paid by the Bank.

 

4.5            
Bank Information. The Bank shall supply full and timely information to the Administrator on all matters relating
to the Director’s compensation, death, Disability or Separation from Service, and such other information as the Administrator reasonably
requires.

 

4.6            
Compliance with Code Section 409A. The Bank and the Director intend that the Agreement comply with the provisions
of Code Section 409A to prevent the inclusion in gross income of any amounts deferred hereunder in a taxable year prior to the
year in which amounts are actually paid to the Director or Beneficiary. This Agreement shall be construed, administered and governed
in a manner that affects such intent, and the Administrator shall not take any action that would be inconsistent therewith.

 

    	 	7	 

     

    

 

ARTICLE 5

CLAIMS AND REVIEW PROCEDURES

 

5.1            
Claims Procedure. A Claimant who has not received benefits under this Agreement that he or she believes should be
distributed shall make a claim for such benefits as follows.

 

(a)              
Initiation - Written Claim. The Claimant initiates a claim by submitting to the Administrator a written claim for
the benefits. If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within sixty
(60) days after such notice was received by the Claimant. All other claims must be made within one hundred eighty (180) days of
the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination
desired by the Claimant.

 

(b) Timing
of Administrator Response. The Administrator shall respond to such Claimant within ninety (90) days after receiving the
claim. If the Administrator determines that special circumstances require additional time for processing the claim, the
Administrator can extend the response period by an additional ninety (90) days by notifying the Claimant in writing, prior to
the end of the initial ninety (90) day period, that an additional period is required. The notice of extension must set forth
the special circumstances and the date by which the Administrator expects to render its decision.

 

(c) Notice
of Decision. If the Administrator denies part or all of the claim, the Administrator shall notify the Claimant in writing
of such denial. The Administrator shall write the notification in a manner calculated to be understood by the Claimant. The
notification shall set forth: (i) the specific reasons for the denial; (ii) a reference to the specific provisions of
this Agreement on which the denial is based; (iii) a description of any additional information or material necessary for the
Claimant to perfect the claim and an explanation of why it is needed; (iv) an explanation of this Agreement’s review
procedures and the time limits applicable to such procedures; and (v) a statement of the Claimant’s right to bring a
civil action under ERISA Section 502(a) following an adverse benefit determination on review.

 

5.2            
Review Procedure. If the Administrator denies part or all of the claim, the Claimant shall have the opportunity for
a full and fair review by the Administrator of the denial as follows.

 

(a)               
Initiation Written Request. To initiate the review, the Claimant, within sixty (60) days after receiving the Administrator’s
notice of denial, must file with the Administrator a written request for review.

 

(b)              Additional
Submissions - Information Access. The Claimant shall then have the opportunity to submit written comments,
documents, records and other information relating to the claim. The Administrator shall also provide the Claimant, upon
request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as
defined in applicable ERISA regulations) to the Claimant’s claim for benefits.

 

    	 	8	 

     

    

 

(c)               Considerations
on Review. In considering the review, the Administrator shall take into account all materials and information the
Claimant submits relating to the claim, without regard to whether such information was submitted or considered in the
initial benefit determination.

 

(d)               Timing
of Administrator Response. The Administrator shall respond in writing to such Claimant within sixty (60) days
after receiving the request for review. If the Administrator determines that special circumstances require additional time
for processing the claim, the Administrator can extend the response period by an additional sixty (60) days by notifying the
Claimant in writing, prior to the end of the initial sixty (60) day period, that an additional period is required. The notice
of extension must set forth the special circumstances and the date by which the Administrator expects to render its
decision.

 

(e)               Notice
of Decision. The Administrator shall notify the Claimant in writing of its decision on review. The Administrator shall
write the notification in a manner calculated to be understood by the Claimant. The notification shall set forth: (a)
the specific reasons for the denial; (b) a reference to the specific provisions of this Agreement on which the denial is
based; (c) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the
Claimant’s claim for benefits; and (d) a statement of the Claimant’s right to bring a civil action under ERISA
Section 502(a).

 

ARTICLE 6

AMENDMENT AND TERMINATION

 

6.1              
Agreement Amendment Generally. Except as provided in Section 6.2, this Agreement may be amended only by a written
agreement signed by both the Bank and the Director.

 

6.2              
Amendment to Insure Proper Characterization of Agreement. Notwithstanding anything in this Agreement to the contrary,
the Agreement may be amended by the Bank at any time, if found necessary in the opinion of the Bank, (i) to ensure that the Agreement
is characterized as plan of deferred compensation maintained for a select group of management or highly compensated employees as
described under ERISA, (ii) to conform the Agreement to the requirements of any applicable law or (iii) to comply with the written
instructions of the Bank’s auditors or banking regulators.

 

6.3              
Agreement Termination Generally. Except as provided in Section 6.4, this Agreement may be terminated only by a written
agreement signed by the Bank and the Director. Such termination shall not cause a distribution of benefits under this Agreement.
Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2.

 

    	 	9	 

     

    

 

6.4               
Effect of Complete Termination. Notwithstanding anything to the contrary in Section 6.3, and subject to the requirements
of Code Section 409A and Treasury Regulations §1.409A-3(j)(4)(ix), at certain times the Bank may completely terminate and
liquidate the Agreement. In the event of such a complete termination, the Bank shall pay the Director One Hundred Twenty Thousand
Dollars ($120,000). Such complete termination of the Agreement shall occur only under the following circumstances and conditions.

 

(a)               Corporate
Dissolution or Bankruptcy. The Bank may terminate and liquidate this Agreement within twelve (12) months of a corporate
dissolution taxed under Code Section 331, or with the approval of a bankruptcy court pursuant to 11 U.S.C.
 §503(b)(1)(A), provided that all benefits paid under the Agreement are included in the Director’s gross income in
the latest of: (i) the calendar year which the termination occurs; (ii) the calendar year in which the amount is no longer
subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the payment is administratively
practicable.

 

(b)              Change
in Control. The Bank may terminate and liquidate this Agreement by taking irrevocable action to terminate and liquidate
within the thirty (30) days preceding or the twelve (12) months following a Change in Control. This Agreement will then be
treated as terminated only if all substantially similar arrangements sponsored by the Bank which are treated as
deferred under a single plan under Treasury Regulations §1.409A-1(c)(2) are terminated and liquidated with respect to
each participant who experienced the Change in Control so that the Director and any participants in any such similar
arrangements are required to receive all amounts of compensation deferred under the terminated arrangements within twelve
(12) months of the date the Bank takes the irrevocable action to terminate the arrangements.

 

(c)               Discretionary
Termination. The Bank may terminate and liquidate this Agreement provided that: (i) the termination does not occur
proximate to a downturn in the financial health of the Bank; (ii) all arrangements sponsored by the Bank and Affiliates that
would be aggregated with any terminated arrangements under Treasury Regulations §1.409A-1(c) are terminated; (iii)
no payments, other than payments that would be payable under the terms of this Agreement if the termination had not occurred,
are made within twelve (12) months of the date the Bank takes the irrevocable action to terminate this Agreement; (iv) all
payments are made within twenty-four (24) months following the date the Bank takes the irrevocable action to terminate and
liquidate this Agreement; and (v) neither the Bank nor any of its Affiliates adopt a new arrangement that would be aggregated
with any terminated arrangement under Treasury Regulations §1.409A-1(c) if the Director participated in both
arrangements, at any time within three (3) years following the date the Bank takes the irrevocable action to terminate this
Agreement.

 

    	 	10	 

     

    

 

ARTICLE
7

MISCELLANEOUS 

 

7.1              
No Effect on Other Rights. This Agreement constitutes the entire agreement between the Bank and the Director as to
the subject matter hereof. No rights are granted to the Director by virtue of this Agreement other than those specifically set
forth herein. Nothing contained herein will confer upon the Director the right to be retained in the service of the Bank nor limit
the right of the Bank to discharge or otherwise deal with the Director without regard to the existence hereof.

 

7.2               
State Law. To the extent not governed by ERISA, the provisions of this Agreement shall be construed and interpreted
according to the internal laws of the State of Louisiana without regard to its conflicts of laws principles.

 

7.3               
Validity. In case any provision of this Agreement shall be illegal or invalid for any reason, said illegality or
invalidity shall not affect the remaining parts hereof, but this Agreement shall be construed and enforced as if such illegal or
invalid provision had never been inserted herein.

 

7.4             
Nonassignability. Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered
in any manner.

 

7.5             
Unsecured General Creditor Status. Payment to the Director or any Beneficiary hereunder shall be made from assets
which shall continue, for all purposes, to be part of the general, unrestricted assets of the Bank and no person shall have any
interest in any such asset by virtue of any provision of this Agreement. The Bank’s obligation hereunder shall be an unfunded
and unsecured promise to pay money in the future. In the event that the Bank purchases an insurance policy insuring the life of
the Director to recover the cost of providing benefits hereunder, neither the Director nor the Beneficiary shall have any rights
whatsoever in said policy or the proceeds therefrom.

 

7.6             
Life Insurance. if the Bank chooses to obtain insurance on the life of the Director in connection with its obligations
under this Agreement, the Director hereby agrees to take such physical examinations and to truthfully and completely supply such
information as may be required by the Bank or the insurance company designated by the Bank.

 

7.7              Unclaimed
Benefits. The Director shall keep the Bank informed of the Director’s current address and the current address of
the Beneficiary. If the location of the Director is not made known to the Bank within three years after the date upon which
any payment of any benefits may first be made, the Bank shall delay payment of the Director’s benefit payment(s)
until the location of the Director is made known to the Bank; however, the Bank shall only be obligated to hold such benefit
payment(s) for the Director until the expiration of three (3) years. Upon expiration of the three (3) year period, the Bank
may discharge its obligation by payment to the Beneficiary. If the location of the Beneficiary is not made known to the Bank
by the end of an additional two (2) month period following expiration of the three (3) year period, the Bank may discharge
its obligation by payment to the Director’s estate. If there is not estate in existence at existence at such time or if
such fact cannot be determined by the Bank, the Director and Beneficiary shall thereupon forfeit all rights to any benefits
provided under this Agreement.

 

    	 	11	 

     

    

 

7.8             
Misstatement. No benefit shall be distributed hereunder if an insurance company which issued a life insurance policy
covering the Director and owned by the Bank denies coverage (i) for material misstatements of fact made by the Director on an application
for life insurance, or (ii) for any other reason.

 

7.9              
Removal. Notwithstanding anything in this Agreement to the contrary, the Bank shall not distribute any benefit under
this Agreement if the Director is subject to a final removal or prohibition order issued pursuant to Section 8(e) of the Federal
Deposit Insurance Act. Furthermore, any payments made to the Director pursuant to this Agreement shall, if required, comply with
12 U.S.C. 1828, FDIC Regulation 12 CFR Part 359 and any other regulations or guidance promulgated thereunder.

 

7.10            
Notice. Any notice, consent or demand required or permitted to be given to the Bank or Administrator under this Agreement
shall be sufficient if in writing and hand delivered or sent by registered or certified mail to the Bank’s principal business
office. Any notice or filing required or permitted to be given to the Director or Beneficiary under this Agreement shall be sufficient
if in writing and hand-delivered or sent by mail to the last known address of the Director or Beneficiary, as appropriate. Any
notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark or
on the receipt for registration or certification.

 

7.11           
Headings and Interpretation. Headings and sub-headings in this Agreement are inserted for reference and convenience
only and shall not be deemed part of this Agreement. Wherever the fulfillment of the intent and purpose of this Agreement requires,
and the context will permit, the use of the masculine gender includes the feminine and use of the singular includes the plural.

 

7.12           
Alternative Action. In the event it becomes impossible for the Bank or the Administrator to perform any act required
by this Agreement due to regulatory or other constraints, the Bank or Administrator may perform such alternative act as most nearly
carries out the intent and purpose of this Agreement and is in the best interests of the Bank, provided that such alternative act
does not violate Code Section 409A.

 

7.13           
Coordination with Other Benefits. The benefits provided for the Director or the Beneficiary under this Agreement
are in addition to any other benefits available to the Director under any other plan or program for employees of the Bank. This
Agreement shall supplement and shall not supersede, modify, or amend any other such plan or program except as may otherwise be
expressly provided herein.

 

7.14            
lnurement. This Agreement shall be binding upon and shall inure to the benefit of the Bank, its successor and assigns,
and the Director, the Director’s successors, heirs, executors, administrators, and the Beneficiary.

 

    	 	12	 

     

    

 

7.15           
Tax Withholding. The Bank may make such provisions and take such action as it deems necessary or appropriate for
the withholding of any taxes which the Bank is required by any law or regulation to withhold in connection with any benefits under
the Agreement. The Director shall be responsible for the payment of all individual tax liabilities relating to any benefits paid
hereunder.

 

7.16           
Aggregation of Agreement. If the Bank offers other deferred compensation plans, this Agreement and those plans shall
be treated as a single plan to the extent required under Code Section 409A.

 

IN
WITNESS WHEREOF, the Director and a representative of the Bank have executed this
Agreement document as indicated below:

 

	Director:	Bank:
	 	 
	/s/ Wilbur A. Toups, Jr. 	By: Robert M. Shofstahl
	 	 
	 	Its: Chairman of the Board

 

    	 	13Exhibit 10.12

 

EUREKA
HOMESTEAD

DEFERRED
COMPENSATION PLAN AGREEMENT

 

THIS
AGREEMENT, made and entered into as of the 31st day of December, 2003, and amended this 17th day of May, 2005, between Eureka Homestead,
a federally-chartered savings and loan association, with principal offices and place of business in the State of Louisiana (hereinafter
referred to as the "Company"), and ALAN T. HEINTZEN, an individual residing in the State of Louisiana (hereinafter referred
to as the “Employee”).

 

WHEREAS,
the Company, through action of the Board of Directors on December 19, 2000, and again on December 16, 2003, is willing to provide
compensation to the Employee on a deferred basis, and the parties hereto wish to provide the terms and conditions upon which the
Company shall pay such deferred compensation to the Employee or his designated beneficiary, and the parties intend this Agreement
to be considered an unfunded arrangement, maintained primarily to provide deferred compensation benefits for the Employee,

 

NOW,
THEREFORE, in consideration of the premises and of the.mutual
promises herein contained, the parties hereto agree as follows:

 

		1.	DEFINITION OF
                                         TERMS Certain words and phrases are defined when first used in later paragraphs of
                                         this Agreement. In addition, the following words and phrases when used herein, unless
                                         the context clearly requires otherwise, shall have the following respective meanings:

 

		a.	Accrued Benefit: The sum of all Deferred Amounts credited to the Employee's Retirement
Account and due and owing to the Employee or his beneficiaries and pursuant to this Agreement, together with Additions thereto
calculated as set forth in paragraph [4] hereof, minus any distributions hereunder.

 

		b.	Code: The Internal Revenue Code of 1986, as amended or as it may be amended from time
to time.

 

		c.	Salary: Base salary of the Employee paid or accrued by the Corporation, exclusive of year-end
bonuses and Accrued Benefits.

 

		d.	Effective Date: January 1, 2004.

 

		e.	Election of Hypothetical Investment: A written notice filed by the Employee with the
Chief Financial Officer of the Company in substantially the form attached hereto as Exhibit A, specifying the hypothetical investment.

 

		f.	Normal Retirement Date: The date the Employee attains 65 years of age.

 

		g.	Notice of Discontinuance: A written notice filed by the Employee with the Chief Financial
Officer of the Company requesting discontinuance of the deferral of the Employee's Compensation and/or bonuses.

 

     

     

    

 

		h.	Retirement Account: Book Entries: Entries maintained by the Company reflecting Deferred
Amounts and additions thereon; provided, however, that the existence of such book entries and the Retirement Account shall not
create and shall not be deemed to create a trust of any kind, or a fiduciary relationship between the Company and the Employee,
his designated beneficiary, or other beneficiaries under this Agreement.

 

		i.	Vested Deferred Amounts: The Employee shall vest in annual deferrals and increases immediately
from the date of each annual award.

 

		j.	Change of Control Event: The merger
or consolidation into or with another company, or reorganization, or sale of substantially all of the Company’s assets to
another company, which company survives Eureka.

 

		2.	DEFERRED COMPENSATION Commencing on the Effective Date, and continuing through the date on which the Employee's
                                         employment terminates because of his death, retirement, disability, or any other cause,
                                         the Employee and the Company agree that the Employee shall be entitled to receive credit
                                         for a deferral into his Retirement Account. The amount of such deferral shall be determined
                                         by the employee via election made not later than the close of the preceding taxable year
                                         or at such other time as provided by regulation.

 

		3.	ADDITIONS TO
                                         DEFERRED AMOUNTS The Company hereby agrees that it will credit Deferred Amounts in
                                         the Employee's Retirement Account with additions thereon ("Additions") from
                                         and after the dates Deferred Amounts are credited to the Retirement Account. Additions
                                         shall be calculated at a rate computed as if Deferred Amounts had been invested in investments
                                         designated in accordance with the Employee's Election of Hypothetical Investment. For
                                         purposes of computing Additions, Deferral Amounts in the Retirement Account shall be
                                         assumed to have been invested on each date a Deferred Amount is credited to the Employee's
                                         Retirement Account, at the net asset value of the investments chosen on the Election
                                         of Hypothetical Investment on such date or the first business day thereafter, as quoted
                                         in the Wall Street Journal, or, in the absence of quotation therein, in a similar publication,
                                         if applicable. Additions shall be computed as if all dividends paid on the investments
                                         were reinvested in whole and fractional shares on the date paid.

 

		4	RETIREMENT BENEFIT The
Company agrees that, from and after the retirement of the Employee from the service of the Company upon reaching his Normal Retirement
Date, the Company shall thereafter pay to the Employee the Employee's entire Accrued Benefit, payable in equal monthly installments
for a period of one hundred and twenty months (120) months, commencing with the first day of the first month following the Employee's
retirement; provided, however, that the Employee at his sole option may make one (1) election prior to the time benefit payments
begin to receive the Accrued Benefit in his Retirement Account in equal monthly installment payments over a shorter period, to
be designated
by him in writing, than would otherwise apply, or in a single payment. The election referred to in the preceding sentence must
be made at least fifteen (15) days prior to the date benefit payments begin and shall be irrevocable. In the event of such election
by the Employee, the first designated monthly installment payment or the single payment, whichever applies shall be due arid payable
on the first day of the first month following the Employee's filing of an effective written election to accelerate benefits. Monthly
installment payments, if applicable, shall continue monthly thereafter, for the period designated by the Employee.

 

     

     

    

 

		5.	DISABILITY
                                         BENEFIT The Employee shall be entitled to receive
                                         payment of his entire Accrued Benefit hereunder prior to his Normal Retirement Date in
                                         any case in which it is determined by a duly licensed
                                         physician selected by the Company that, because of ill health, accident, disability or
                                         general inability because of age, the employee is no longer able, properly and satisfactorily,
                                         to engage in any substantial gainful activity by reason of any medically determinable
                                         physical or mental impairment which can be expected to result in death or can be expected
                                         to last not less than twelve months, or if the Employee is, by reason of any medically
                                         determinable physical or mental impairment which can be expected to result in death or
                                         can be expected to last for a continuous period of not less than twelve months, receiving
                                         income replacement benefits for a period of not less than three months under an accident
                                         and health plan covering employees of the Company. The Disability Benefit payable under
                                         this paragraph [5] shall be distributed in accordance with the provisions of paragraph
                                         [4] as if the Employee had retired on the date of the physician's disability determination.

 

		6.	DEATH
                                         BENEFIT If the Employee dies while employed by the Company,
                                         the Company shall pay to the Employee's beneficiary a death benefit of all sums due under
                                         the Accrued Benefit in a lump sum within ninety (90) days of the Employee's death. If
                                         the Employee dies after any benefit payments under his Agreement have begun, the Company
                                         shall pay all remaining benefits to the Employee's beneficiary in a lump sum within ninety
                                         (90) days of the death of the Employee. If the Employee dies while disabled or otherwise
                                         not in the employ the Company, the Company shall pay all unpaid Accrued Benefits to the
                                         Employee's beneficiary in a lump sum within ninety (90) days of the date of death of
                                         the Employee.

 

		7.	TERMINATION BENEFIT
                                         In the event of the Employee's termination of employment with the Company before
                                         his Normal Retirement Date for any reason, other than his disability, retirement, or
                                         his death, the Company shall pay to the Employee a single sum equal to the Employee's
                                         entire Accrued Benefit, payable on the first day of the sixth month following the termination
                                         of the Employee's employment with the Company.

 

		8.	HARDSHIP
                                         BENEFIT
                                         In the event the Employee suffers an unforeseeable
                                         emergency, meaning a severe financial hardship to the Employee resulting from an illness
                                         or accident of the Employee, the Employee's spouse or a dependent, loss of the Employee's
                                         property due to casualty, or other similar extraordinary and unforeseeable circumstances
                                         arising as a result of events beyond the control of the Employee, the Company shall
                                         pay to the Employee up to the Employee's entire Accrued Benefit, provided that amounts
                                         distributed with respect to an emergency do not exceed the amounts necessary to satisfy
                                         such emergency plus amounts necessary to pay taxes reasonably anticipated as a result
                                         of the distribution(s), after taking into account the extent to which such hardship is
                                         or may be relieved through reimbursement or compensation by insurance or otherwise or
                                         by liquidation of the participant's assets, to the extent that such liquidation would
                                         not itself cause severe financial hardship.

 

     

     

    

  

		9.	CHANGE OF CONTROL
                                         BENEFIT In the event the Company experiences a change of control as identified in
                                         Internal Revenue Service regulations, the Company shall pay to the Employee a single
                                         sum equal to the Employee's entire Accrued Benefit, payable on the first day of the sixth
                                         month following the Change of Control event.

 

		10.	BENEFICIARY
                                         DESIGNATION
                                         The Employee shall have the right, at any time,
                                         to submit in substantially the form attached hereto as Exhibit B, a written designation
                                         of primary and secondary beneficiaries to whom payment under this Agreement shall be
                                         made in the event of his death prior to complete distribution of the benefits due and
                                         payable under the Agreement. Each beneficiary designation shall become effective only
                                         when receipt thereof is acknowledged in writing by the Company.

 

		11.	NO
                                         TRUST CREATED
                                         Nothing contained in this Agreement, and no action
                                         taken pursuant to its provision by either party hereto shall create, or be construed
                                         to create, a trust of any kind, or a fiduciary relationship between the Company and the
                                         Employee, his designated beneficiary, other beneficiaries of the Employee or any other
                                         person.

 

		12.	BENEFITS
                                         PAYABLE ONLY FROM GENERAL CORPORATE ASSETS:
                                         UNSECURED GENERAL CREDITOR STATUS OF EMPLOYEE
                                         The payments to the Employee or his designated beneficiary or any other beneficiary hereunder
                                         shall be made from assets which shall continue, for all purposes, to be a part of the
                                         general, unrestricted assets of the Company; no person shall have any interest in any
                                         such assets by virtue of the provision of the Agreement. The Company's obligation hereunder
                                         shall be unfounded and unsecured promise to pay money in the future. To the extent that
                                         any person acquires a right to receive payments from the Company under the provisions
                                         hereof, such right shall be no greater than the right of any unsecured general creditor
                                         of the Company; no such person shall have nor require any legal of equitable right, interest
                                         or claim in to any property of assets of the Company.

 

		13.	NO
                                         CONTRACT
                                         OF EMPLOYMENT
                                         Nothing contained herein shall be construed to
                                         be a contract of employment for any term of years, nor as conferring upon the Employee
                                         the right to continue to be employed by the Company in his present capacity, or in any
                                         capacity. It is expressly understood by the parties hereto that this Agreement relates
                                         to the payment of deferred compensation for the Employee's services, payable after termination
                                         of his employment with the Company, and is not intended to be an employment contract.

  

		14.	BENEFITS
                                         NOT TRANSFERABLE
                                         Neither the Employee, his designated beneficiary
                                         nor any other beneficiary under this Agreement shall have any power or right to transfer,
                                         assign, anticipate, hypothecate or otherwise encumber any part or all of the amounts
                                         payable hereunder.
                                         No such amounts shall be subject
                                         to seizure by any creditor
                                         of any such beneficiary,
                                         by a proceeding at law or in equity,
                                         nor shall such amounts
                                         be transferable by operation of law in the event of bankruptcy, insolvency or death of
                                         the Employee, his designated beneficiary, or
                                         any other beneficiary hereunder. Any such attempted assignment or transfer shall be void.

 

		15.	AMENDMENT
                                         This
                                         Agreement
                                         may not be
                                         amended, altered
                                         or modified,
                                         except by a written
                                         instrument
                                         signed
                                         by the parties
                                         hereto,
                                         or their respective
                                         successors, and
                                         may not be otherwise
                                         terminated
                                         except as provided
                                         herein.

 

		16.	INUREMENT
                                         This Agreement shall be binding upon and inure
                                         to the benefit of the Company and its successors and assigns, and the Employee, his successors,
                                         heirs, executors, administrators and beneficiaries.

 

		17.	NOTICE
                                         Any notice, consent or demand required or permitted to be given under the provisions
                                         of this Agreement shall be in writing, and shall be signed by the party giving or make
                                         the same. If such notice, consent or demand is mailed to a party hereto, it shall be
                                         sent by United
                                         States certified
                                         mail, postage
                                         prepaid,
                                         addressed
                                         to such party's last known
                                         address
                                         as shown
                                         on the
                                         records of the
                                         Company. The
                                         date of such
                                         mailing shall be deemed
                                         the date
                                         of notice,
                                         consent
                                         or demand. Either party may change the address to
                                         which notice is to be sent by giving notice of the change of address in the manner aforesaid.

 

		18.	GOVERNING
                                         LAW
                                         This Agreement, and the rights
                                         of the parties hereunder, shall be governed by and construed in accordance with the laws
                                         of the State of Louisiana.

 

IN WITNESS
WHEREOF, the parties have signed this Agreement.

 

EUREKA HOMESTEAD

 

FOR THE BOARD OF DIRECTORS:

 

 

	 	By:	/s/ Robert M. Shofstahl	 	/s/ Alan T. Heintzen	 
	 	 	Robert M. Shofstahl	 	Alan T. Heintzen	 
	 	 	Chairman	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	By:	/s/ Philip E. James, Jr.	 	 	 
	 	 	Philip E. James, Jr.	 	 	 
	 	 	Secretary to the Board	 	 	 

 

     

     

    

  

 

Amendment

 

Eureka
Homestead

Deferred
Compensation Plan Agreement

 

The Eureka
Homestead Deferred Compensation Plan Agreement (Plan) is hereby amended as of this day, December 16, 2008, as follows:

 

		A.	Payments due to the Executive under this Plan will be deferred for six months following the Plan
payment date for the permissible distribution event of separation from service due to resignation, termination, retirement, or
disability. The schedule of payments of death benefits due to the Executive's beneficiaries is not hereby amended.

 

		B.	Payment of any benefit under the Disability Benefit section of the Plan is contingent upon either:
a) the Executive being unable to engage in any substantial gainful activity by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12
months, or b) the Executive, by reason of any medically determinable physical or mental impairment that can be expected to result
in death or can be expected to last for a continuous period of not less than 12 months, and is receiving income replacement benefits
for a period of not less than three months under an accident and health plan provided by Eureka Homestead.

 

		C.	Payment of any benefit under the Hardship Benefit section of this plan may be made only as a result
of: a) a severe financial hardship of the Executive resulting from an illness or accident to the Executive, his spouse, beneficiary,
or dependent; b) the loss of the Executive's primary residence or similar loss due to casualty; or c) other similar extraordinary
and unforeseeable circumstances arising as a result of events beyond the control of the Executive, as exemplified in and limited
by the IRS regulations.

 

		D.	All deferral elections and timing of payment elections with respect to amounts deferred under the
arrangement are irrevocable and are governed by IRS regulations.

 

		E.	The undersigned Executive is a "key employee" and makes the sole decision to voluntarily
defer part of his income via the Plan.

 

It
is the intent hereof to fully comply with the mandate and intent of IRC Section 409(a) and this amendment has been drafted to effect
such modifications and restrictions; however, if through inadvertence a pertinent part of Section 409(a) has not been specifically
incorporated herein, where applicable, then same is incorporated by reference and shall govern.

 

	EXECUTIVE	 	COMPANY: EUREKA HOMESTEAD	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	/s/ Alan T. Heintzen	 	By:	Robert M. Shofstahl	 	/s/ Philip E. James, Jr.	 
	Alan T. Heintzen	 	 	Robert M. Shofstahl	 	Philip E. James, Jr.	 
	 	 	 	Chairman of the Board	 	Secretary of the Board	 

 

     

     

    

  

CORRECTIVE
AMENDMENT TO THE

EUREKA HOMESTEAD

DEFERRED COMPENSATION
PLAN AGREEMENT

 

THIS
CORRECTIVE AMENDMENT (the "Amendment") is adopted this 31st day of October, 2017, by Eureka Homestead (the "Company")
and Alan T. Heintzen (the "Employee").

 

WHEREAS,
the Company and the Employee entered into an Deferred Compensation Plan Agreement effective December 31, 2003 (as amended, the
 "Agreement"), to provide deferred compensation benefits to the Employee; and

 

WHEREAS,
the Agreement is a nonqualified deferred compensation plan as that term is used in Code Section 409A; and

 

WHEREAS,
the Company and the Employee have identified a provision in the Agreement that fails to comply with Code Section 409A that was
unintentionally and inadvertently not amended earlier; and

 

WHEREAS,
on January 5, 2010, the IRS issued Notice 2010-6, establishing a document correction program for certain eligible failures of deferred
compensation plans to meet the written document requirements of Code Section 409A and the final regulations; and

 

WHEREAS,
the noncompliant provision of the Agreement is an eligible document failure under Notice 2010-6; and

 

WHEREAS,
the Company and the Employee now wish to correct all document failures in the Agreement in accordance with Notice 2010-6;

 

NOW, THEREFORE,theCompany
and the Employee adopt the following amendments to the Agreement:

 

Section
1.j. of the Agreement shall be deleted in its entirety and replaced by the following:

 

j.       Change
of Control: A change in the ownership or effective control of the Company, or in the ownership of a substantial portion of
the assets of the Company, as such change is defined in Code Section 409A and regulations thereunder.

 

k.       Separation
from Service: A termination of the Employee's employment with the Company and its Affiliates for reasons other than death or
disability. A Separation from Service may occur as of a specified date for purposes of the Agreement even if the Employee continues
to provide some services for the Company or its affiliates after that date, provided that the facts and circumstances indicate
that the Company and the Employee reasonably anticipated at that date that either no further services would be performed after
that date, or that the level of bona fide services the Employee
would perform after such date (whether as an employee or as an independent contractor) would permanently decrease to no more than
twenty percent (20%) of the average level of bona fide services performed over the immediately preceding thirty-six (36) month
period (or the full period during which the Employee performed services for the Company, if that is less than thirty-six (36) months).
A Separation from Service will not be deemed to have occurred while the Employee is on military leave, sick leave, or other bona
fide leave of absence if the period of such leave does not exceed six (6) months or, if longer, the period for which a statute
or contract provides the Employee with the right to reemployment with the Company. If the Employee's leave exceeds six (6) months
but the Employee is not entitled to reemployment under a statute or contract, the Employee incurs a Separation from Service on
the next day following the expiration of such six (6) month period. In determining whether a Separation from Service occurs the
Administrator shall take into account, among other things, the definition of "service recipient" and "Company"
set forth in Treasury regulation §1.409A-1(h)(3). The Administrator shall have full and final authority, to determine conclusively
whether a Separation from Service occurs, and the date of such Separation from Service.

 

     

     

    

  

Section
4 of the Agreement shall be deleted in its entirety and replaced by the following:

 

4.
RETIREMENT BENEFIT. Upon Separation from Service after the Normal Retirement Date, the
Company shall pay the Employee the entire Accrued Benefit. The benefit shall be paid in one hundred twenty (120) equal monthly
installments commencing the first day of the month following Separation from Service.

 

Section
7 of the Agreement shall be deleted in its entirety and replaced by the following:

 

7.
TERMINATION BENEFIT. If Separation from Service occurs prior to the Normal Retirement Date the Company shall pay the Employee
the entire Accrued Benefit. The benefit shall be paid in a lump sum on the first day of the sixth month following Separation from
Service.

 

Section
9 of the Agreement shall be deleted in its entirety and replaced by the following:

 

9.
CHANGE OF
CONTROL BENEFIT.
If Change of Control occurs prior to the Normal Retirement Date the Company shall pay the Employee the entire Accrued Benefit.
The benefit shall be paid in a lump sum on the first day of the sixth month following Change of Control.

 

Section 19 shall be added the
Agreement immediately following Section 18:

 

		19.	Compliance
with Code
Section
409A.
The Company and the Employee intend that the Agreement comply with the provisions
of Internal Revenue Code Section 409A to prevent the inclusion in gross income of any amounts deferred hereunder in a taxable
year prior to the year in which amounts are actually paid to the Employee or beneficiary. Subject to the requirements of Code
Section 409A and Treasury Regulations §1.409A-3(j)(4)(ix), at certain times the Company may completely terminate and liquidate
the Agreement. This Agreement shall be construed, administered and governed in a manner that affects such intent, and neither
of them shall take any action that would be inconsistent therewith.

 

     

     

    

  

IN WITNESS WHEREOF,
the Employee and a duly authorized representative of the Company have signed this Agreement.

  

	Employee	 	Company	 
	 	 	 	 	 
	/s/ Alan
    T. Heintzen	 	By:	/s/ Robert
    M. Shofstahl	 
	Alan T. Heintzen	 	 	Robert M. Shofstahl	 
	 	 	 	Chairman of the Board	 

 

     

     

    

 

 

TERMINATION
OF THE

EUREKA HOMESTEAD

DEFERRED COMPENSATION
PLAN AGREEMENT

 

This
Termination (the "Termination") is made by Eureka Homestead the 31st day of October, 2017.

 

WITNESSETH:

 

WHEREAS,
Eureka Homestead and Alan T. Heintzen (the "Executive") are parties to a Deferred Compensation Plan Agreement effective
December 31, 2003 (as amended, the "Agreement"); and

 

WHEREAS,
Eureka Homestead is changing aspects of the way it compensates the Executive and now wishes to terminate the Agreement in accordance
with Section 409A of the Internal Revenue Code;

 

NOW THEREFORE, Eureka Homestead
states as follows.

 

AGREEMENT

 

1.            Termination.
Eureka Homestead hereby terminates the Agreement effective as of the 31st day of October, 2017 (the "Effective Date").

 

2.            Payment.
At such date or dates as Eureka Homestead decides, provided that all such dates are between twelve (12) and twenty-four (24) months
following the Effective Date, Eureka Homestead shall pay the Executive One hundred and eighty-two thousand, six hundred and four
Dollars ($182,604.00) plus earnings thereon until paid, in full satisfaction of all Eureka Homestead's liabilities under the Agreement.
As of the date hereof, Eureka Homestead anticipates making the payments due to the Executive in the 4th quarter of 2018 and the
1st quarter of 2019.

 

3.            Complete
Liquidation
of Executive's Interest.
The payment described in the Section 2 fully and completely liquidates the Executive's interest
in the Agreement. Eureka Homestead shall have no further obligation under any provision of the Agreement or any other provision
of the Agreement to make any other payment to the Executive or the Executive's beneficiary.

 

 4.            Compliance with Tax and Regulatory Requirements.

 

a.       Internal
Revenue Code Section 409A. Eureka Homestead intends for this Termination to meet the requirements of Treasury Regulations Section
1.409A- 3(j)(4)(ix) (C). Eureka Homestead warrants and represents that (i) Eureka Homestead has no other non-qualified deferred
compensation agreements which would be aggregated with the Agreement under the provisions of Treasury Regulations Section 1.409A(c),
(ii) this Termination is not being made proximate to a downturn in the financial health of Eureka Homestead and (iii) Eureka Homestead
will not implement a new plan which would be aggregated with the Agreement under Treasury
Regulations Section 1.409A-l(c) within the three (3) years following the Effective Date.

 

     

     

    

 

b.       FDIC
Golden Parachute Restrictions. Eureka Homestead has complied with all the requirements of Section 28(k) of the Federal Deposit
Insurance Act (12 U.S.C. Section 1828(k) and Part 359 of the Rules and Regulations of the Federal Deposit Insurance Corporation.

 

c.       Savings
Clause. Eureka Homestead intends that this Termination comply with the provisions of Code Section 409A to prevent the inclusion
in gross income of any amounts deferred hereunder in a taxable year prior to the year in which amounts are actually paid to the
Executive or the beneficiary. This Termination shall be construed, administered and governed in a manner that affects such intent,
and neither Eureka Homestead nor the Executive shall take any action that would be inconsistent therewith.

 

5.            Modification.
Any modification of this Termination shall be effective only if it is in writing and only to the extent that it is compliant with
all applicable codes, statutes and regulations.

 

IN
WITNESS WHEREOF, a duly authorized representative of Eureka Homestead has executed this Termination as indicated below:

 

	 	Eureka Homestead:	 
	 	 	 	 
	 	 	 	 
	 	By: 	/s/ Robert M. Stofstahl	 
	 	 	Robert M. Stofstahl	 
	 	 	Chairman of the Board

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00293-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00293-of-00352.parquet"}]]