Document:

Form of Section 16 Officer Performance Share Agreement

 Exhibit 10.2 
 INFINERA CORPORATION 
 2007 EQUITY INCENTIVE PLAN 

FORM OF NOTICE OF GRANT OF ANNUAL PERFORMANCE SHARES 
 Unless otherwise defined herein, the terms defined in the 2007 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Notice of Grant of Annual Performance Shares
(the “Notice of Grant”) and Terms and Conditions of Performance Share Grant, attached hereto as Exhibit A (together, the “Agreement”). 

 

					
	Participant:	 	  
	 	
			
	Address:	 	  
	 	
			
		 	  
	 	

 Participant has been granted the right to receive an Award of Performance Shares, subject to the
terms and conditions of the Plan and this Agreement, as follows: 
  

					
	Grant Number:	 	  
	  	
			
	Date of Grant:	 	  
	  	
			
	Vesting Commencement Date:	 	  
	  	
			
	Target Number of	 		  	
	Performance Shares:	 	  
	  	

 Vesting Schedule: Subject to any acceleration provisions contained in the Plan, any
agreement between Participant and the Company, or set forth below, the Performance Shares will vest in accordance with the following schedule: 
  

							
	SHARES	 		 	VEST DATE	 	
				
	  
	 		 	  
	 	
				
	  
	 		 	  
	 	
				
	  
	 		 	  
	 	
				
	  
	 		 	  
	 	

 Participant and the Company agree that this Award of Performance Shares is granted under and
governed by the terms and conditions of the Plan and this Agreement. Participant has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to accepting this Agreement and fully
understands all provisions of the Plan and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Agreement. Participant
further agrees to notify the Company upon any change in the residence address indicated above. 

  
 -1-

 Participant acknowledges and agrees that by clicking the “ACCEPT” button on
E*TRADE’s on-line grant agreement response page, it will act as Participant’s electronic signature to the Agreement and will result in a contract between Participant and the Company with respect to this Award of Performance Shares.

 INFINERA CORPORATION 

  
 -2-

 EXHIBIT A 

TERMS AND CONDITIONS OF PERFORMANCE STOCK UNIT GRANT 
 1. Grant. The Company hereby grants to the Participant named in the Notice of Grant (the “Participant”) under the Plan an Award of Performance Shares, subject to all of the terms
and conditions in this Agreement and the Plan, which is incorporated herein by reference. Subject to Section 18(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this
Agreement, the terms and conditions of the Plan will prevail. 
 2. Company’s Obligation to Pay. Each Performance
Share represents the right to receive a Share on the date it vests. Unless and until the Performance Shares will have vested in the manner set forth in Section 3, Participant will have no right to payment of any such Performance Shares. Prior
to actual payment of any vested Performance Shares, the Performance Shares will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 

3. Vesting Schedule. Except as provided in Section 4, and subject to Section 5, the Performance Shares awarded by this
Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Performance Shares scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any
of the provisions of this Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs. 
 4.(a) Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested Performance Shares at any
time, subject to the terms of the Plan. If so accelerated, such Performance Shares will be considered as having vested as of the date specified by the Administrator. 
 (b) Acceleration Relating to Death or Disability. Without limiting the terms of Section 4(a), if a Participant acquires a Disability or ceases to be a Service Provider by reason of the
Participant’s death (except resulting from suicide), then one hundred percent (100%) of the Target Number of Performance Shares shall convert on a one-for-one basis into restricted stock units with immediate vesting as of the date
Participant acquired the Disability or the date of Participant’s termination due to death. 
 5. Forfeiture upon
Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Agreement, unless otherwise agreed to in writing by the Administrator, the balance of the Performance Shares that have not vested as of the time of
Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately terminate. 

  
 -3-

 6. Payment after Vesting. 

(a) Subject to Section 8, any Performance Shares that vest will be paid to Participant (or in the event of
Participant’s death, to his or her estate) in whole Shares. Subject to the provisions of Section 6(b), such vested Performance Shares shall be paid in Shares as soon as practicable after vesting, but in each such case no later than the
date that is two-and-one-half (2 1/2) months from
the later of (i) the end of the Company’s tax year that includes the vesting date, or (ii) the end of Participant’s tax year that includes the vesting date. 

(b) Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the
balance, of the Performance Shares is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined
by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and (y) the payment of such accelerated
Performance Shares will result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination as a Service Provider, then the payment of such
accelerated Performance Shares will not be made until the date six (6) months and one (1) day following the date of Participant’s termination as a Service Provider, unless Participant dies following his or her termination as a Service
Provider, in which case, the Performance Shares will be paid in Shares to Participant’s estate as soon as practicable following his or her death. It is the intent of this Agreement to comply with the requirements of Section 409A so that
none of the Performance Shares provided under this Agreement or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of this
Agreement, “Section 409A” means Section 409A of the Code, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 

7. Death of Participant. Any distribution or delivery to be made to Participant under this Agreement will, if Participant is then
deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his
or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 

8. Withholding of Taxes. Until and unless the Administrator determines otherwise, on the date or dates on which tax or
other withholding obligations (if any) arise with respect to the Performance Shares (or as soon as administratively practicable thereafter), the Company will withhold the minimum number of whole Shares that have an aggregate Fair Market Value
sufficient to pay the minimum statutorily required income, employment and other applicable taxes required to be withheld by the Company pursuant to such procedures as the Administrator in its sole discretion may specify from time to time. The value
of the withheld Shares will be used to satisfy Participant’s minimum tax withholding obligations arising with respect to the Performance Shares. Only whole Shares will be withheld to satisfy any tax withholding obligations pursuant to this
Section 8. If the value of the withheld Shares exceeds Participant’s minimum tax withholding obligations, such excess value will be remitted to Participant pursuant to such procedures as the Administrator may specify from time to time.
By accepting this Award, Participant expressly consents to the withholding of Shares to cover Participant’s tax withholding obligations and agrees and acknowledges that Participant may not satisfy such tax withholding obligations by any means
other than such withholding of Shares unless required to do so by the Administrator or pursuant to the Administrator’s express written consent. 

  
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 If the Administrator determines not to allow for satisfaction of Participant’s tax
withholding obligations through the withholding of Shares as described in the previous paragraph, under a broker-assisted program approved by the Administrator in its discretion from time to time, the number of Shares that have an aggregate market
value sufficient to pay the minimum income, employment and other applicable taxes required to be withheld by the Company will be sold at the prevailing market price pursuant to such procedures as the Administrator in its sole discretion may specify
from time to time. The proceeds of such sale shall be used to pay Participant’s tax withholding obligations (and any associated broker or other fees) for the Performance Shares. Only whole Shares will be sold to satisfy any tax withholding
obligations pursuant to this Section 8. The number of Shares sold will be rounded up to the nearest whole Share, with a cash refund remitted to Participant for the value of the Shares sold in excess of the tax withholding obligations (and any
associated broker or other fees), all pursuant to such procedures as the Administrator may specify from time to time. Notwithstanding the foregoing, the Participant may elect to settle his or her tax obligations by depositing an amount in cash
sufficient to cover such tax obligations under a broker-assisted program approved by the Administrator in its discretion from time to time. By accepting this Award, Participant expressly consents to the sale of Shares to cover the tax withholding
obligations (and any associated broker or other fees) and agrees and acknowledges that Participant may not satisfy such obligations by any means other than such sale of Shares, if the Administrator determines not to allow for satisfaction of
Participant’s tax withholding obligations through the withholding of Shares as described in the previous paragraph, as set forth under this Section 8, unless required to do so by the Administrator or pursuant to the Administrator’s
express written consent. 
 If the Administrator determines not to allow for satisfaction of Participant’s tax
withholding obligations through either method described in the foregoing paragraphs of this Section 8, prior to the issuance of Shares in accordance with Section 6, Participant will pay, or make adequate arrangements satisfactory to the
Company (in its sole discretion) to satisfy all tax withholding and payment on account obligations of the Company. In this regard, Participant authorizes the Company to withhold all applicable tax withholding obligations legally payable by
Participant from Participant’s wages or other cash compensation payable to Participant by the Company. Alternatively, the Administrator, in its sole discretion may require Participant to satisfy his or her tax withholding obligations, in whole
or in part by paying cash. 
 Notwithstanding any contrary provision of this Agreement, no certificate representing the Shares
will be issued to Participant nor will Participant otherwise be recorded as the legal or beneficial owner of the Shares on the records of the transfer agent or registrar or otherwise, unless and until all income, employment and other taxes have been
withheld with respect to such Shares. All income and other taxes related to the Performance Shares and any Shares delivered in payment thereof are the sole responsibility of Participant. 

  
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 9. Rights as Stockholder. Neither Participant nor any person claiming under or
through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the
Company or its transfer agents or registrars, and delivered to Participant. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of
dividends and distributions on such Shares. 
 10. No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND
AGREES THAT THE VESTING OF THE PERFORMANCE SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH
THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF PERFORMANCE SHARES OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN
DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 
 11. Address for Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company at Infinera Corporation, 169 Java Drive, Sunnyvale, CA 94089, or at
such other address as the Company may hereafter designate in writing. 
 12. Grant is Not Transferable. Except to the
limited extent provided in Section 7, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale
under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or
similar process, this grant and the rights and privileges conferred hereby immediately will become null and void. 
 13.
Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the
parties hereto. 
 14. Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its
discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to
the issuance of Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to
the Company. Where the Company determines that the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably
anticipates that the delivery of Shares will no longer cause such violation. The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of
any such governmental authority. 

  
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 15. Plan Governs. This Agreement is subject to all terms and provisions of the Plan.
In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Agreement will have the meaning set forth in
the Plan. 
 16. Administrator Authority. The Administrator will have the power to interpret the Plan and this Agreement
and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Performance
Shares have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons. No member of the Administrator will
be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 
 17. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to Performance Shares awarded under the Plan or future Performance Shares that may be
awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan
through any on-line or electronic system established and maintained by the Company or another third party designated by the Company. 
 18. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 

19. Agreement Severable. In the event that any provision in this Agreement will be held invalid or unenforceable, such provision
will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 20. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. Participant expressly warrants that he or she is not accepting this
Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the
Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply
with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Performance Shares. 

  
 -7-

 21. Amendment, Suspension or Termination of the Plan. By accepting this Award,
Participant expressly warrants that he or she has received an Award of Performance Shares under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be
amended, suspended or terminated by the Company at any time. 
 22. Governing Law. This Agreement shall be governed by
the laws of the State of California, without giving effect to the conflict of law principles thereof. For purposes of litigating any dispute that arises under this Award of Performance Shares or this Agreement, the parties hereby submit to and
consent to the jurisdiction of the State of California, and agree that such litigation shall be conducted in the courts of Santa Clara County, California, or the federal courts for the United States for the Northern District of
California, and no other courts, where this Award of Performance Shares is made and/or to be performed. 

  
 -8-First Federal Bank of the Midwest Executive Group Life Plan - Post Separation

  
 EXHIBIT 10.1

 First Federal Bank of the Midwest 
 Amended and Restated 
 Executive Group Life Plan - Post Separation

 First Federal Bank of the Midwest, a federal stock savings bank located in Defiance, Ohio (the
“Bank”), established this Executive Group Life Plan – Post Separation (the “Plan”), effective June 30, 2010. On September 30, 2010, the Bank amended and restated the Plan, effective as of June 30, 2010, as set forth
herein. 
 The purpose of the Plan is to attract, retain, and reward Employees (as defined below), by dividing
the death proceeds of certain Policies (as defined below), purchased and owned by the Bank on the lives of Participants (as defined below), with the Beneficiaries (as defined below) designated by each Participant. The Bank will pay premiums due on
Policies purchased under the Plan from its general assets and Participants will include the value of the insurance coverage provided by the Policies in their gross income each year during which the Policies are in effect. By Participating in this
Plan, a Participant agrees that his participation in the First Federal Bank of the Midwest Executive Group Life Plan dated April 28, 2003 is automatically terminated and he shall not be entitled to any benefits thereunder. 

Article 1 

Definitions 
 Whenever used in the Plan, the following terms shall have the meanings specified: 
  

	1.1	 “Bank’s Interest” has the meaning set forth in Section 3.1. 

 

	1.2	 “Base Salary” means the current annual base salary of the Participant as of the date of the Participant’s death or in the year
prior to the Participant’s Separation from Service, as applicable. 

  

	1.3	 “Beneficiary” has the meaning given to it Article 7. 

 

	1.4	 “Beneficiary Designation Form” means the form established from time to time by the Plan Administrator on which a Participant may
designate one or more Beneficiaries. 

  

	1.5	 “Board” means the Board of Directors of the Bank, as from time to time constituted. 

 

	1.6	 ”Cause” means the personal dishonesty, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure
to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order or material breach of any provision of the Plan. For purposes of this paragraph, no act or
failure to act on the Participant’s part shall be considered “willful” unless done, or omitted to be done, by the Participant not in good faith and without reasonable belief that the Participant’s action or omission was in the
best interest of the Bank. 

 First Federal Bank of the Midwest 

Executive Group Life Plan - Post Separation 

 
  

 

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

 

	1.8	 “Election Form” means the form established from time to time by the Plan Administrator on which an eligible Employee indicates
acceptance of participation in the Plan. 

  

	1.9	 “Employee” means an active employee of the Bank or an affiliate who is also a member of a select group of management or highly
compensated employees with the meaning of the Employee Retirement Income Security Act of 1974. 

  

	1.10	 “Insurer” means the insurance company issuing a Policy on the life of a Participant. 

 

	1.11	 “Net Death Proceeds” means, with respect to a Participant, the total death proceeds payable pursuant to the Participant’s
Policy minus the greater of (i) the cash surrender value of such Policy or (ii) the aggregate premiums paid by the Bank on such Policy. 

  

	1.12	 “Participant” means an Employee who becomes a participant in the Plan pursuant to Article 2. 

 

	1.13	 “Participant’s Interest” means the benefit set forth in Section 3.2. 

 

	1.14	 “Plan Administrator” means the plan administrator described in Article 12. 

 

	1.15	 “Policy” or “Policies” means the individual life insurance policy or policies purchased by the Plan Administrator
for purposes of insuring a Participant’s life under the Plan. 

  

	1.16	 “Separation from Service” means termination of the Participant’s employment with the Bank for any reason other than by reason
of death. 

 Article 2 
 Participation 
  

	2.1	 Selection by Plan Administrator. Participation in the Plan shall be limited to those Employees of the Bank selected by the Plan
Administrator, in its sole discretion, to participate in the Plan. 

  

	2.2	 Enrollment Requirements. As a condition to participation, each selected Employee shall complete, execute and return to the Plan Administrator
(i) an Election Form and (ii) a Beneficiary Designation Form, and (iii) comply with such other enrollment requirements as the Plan Administrator, in its sole discretion, may establish from time to time.. 

 

	2.3	 Eligibility; Commencement of Participation. Provided that an Employee selected to participate in the Plan has met all enrollment requirements
set forth in the Plan and, to the extent applicable, required by the Plan Administrator, the Employee will become a Participant once a Policy on such Employee have been issued by the Insurer(s). 

  

 First Federal Bank of the Midwest 

Executive Group Life Plan - Post Separation 

 
  

 

	2.4	 Termination of Participation. The rights of a Participant and the Participant’s Beneficiary under the Plan may be terminated in
accordance with Article 11. 

 Article 3 

Policy Ownership/Interests 
  

	3.1	 Bank’s Interest. The Bank shall own all Policies and shall have the right to exercise all incidents of ownership with respect to the
Policies and may terminate any Policy or all Policies without the consent of the Participant. The Bank shall be the beneficiary of any proceeds payable under a Policy after a Participant’s Interest is determined pursuant to Section 3.2.

  

	3.2	 Participant’s Interest. A Participant, or a Participant’s assignee, shall have the right to designate a Beneficiary to receive a
benefit equal to the lesser of (i) two (2) times the Participant’s Base Salary or (ii) the Net Death Proceeds, which shall be payable in a lump sum within ninety (90) days following the Participant’s death. The
Participant shall also have the right to elect and change settlement options with respect to the Participant’s Interest by providing written notice to the Bank and the Insurer. 

Article 4 

Premiums and Imputed Income 
 The Bank shall pay all premiums due on all Policies and shall impute income to Participants under the “economic benefit” regime described in Treasury Regulation §1.61-22(d)(3)(ii) or any
subsequent applicable authority. 
 Article 5 
 Comparable Coverage 
  

	5.1	 Insurance Policies. Subject to the provisions of Article 11, the Bank will provide the benefits described in the Plan through Policies
purchased at the commencement of the Plan or, if later, the Participant’s commencement of participation in the Plan 

  

	5.2	 Offer to Purchase. If the Bank discontinues a Policy on a Participant, the Bank shall give the Participant at least thirty (30) days
prior written notice to purchase such Policy. The purchase price shall be the fair market value of the Policy, as determined under Treasury Regulation §1.61-22(g)(2) or any subsequent applicable authority. 

Article 6 

General Limitations 
  

	6.1	 Removal. Notwithstanding any provision of the Plan to the contrary, a Participant’s rights in the Plan and the right of the
Participant’s Beneficiary to the Participant’s Interest shall terminate if the Participant is subject to a final removal or prohibition order issued by an appropriate federal banking agency pursuant to Section 8(e) of the Federal
Deposit Insurance Act. 

  

 First Federal Bank of the Midwest 

Executive Group Life Plan - Post Separation 

 
  

 

	6.2	 Suicide or Misstatement. No benefits shall be payable to a Beneficiary under the Plan if a Participant commits suicide within two
(2) years after the date of the Plan (or, if later, the issuance of the Policy), or if the Insurer denies coverage (i) for a material misstatement of fact made by the Participant on any Policy application purchased by the Bank under the
Plan, or (ii) for any other reason; provided, however that the Bank shall make commercially reasonable efforts to cause the Insurer to pay the denied claim. 

 

	6.3	 Termination for Cause. Notwithstanding any provision of the Plan to the contrary, a Participant shall forfeit any right to a benefit under
the Plan if the Bank terminates the Participant’s employment for Cause. 

 Article 7 

Beneficiaries 
  

	7.1	 Beneficiary. A Participant shall have the right, at any time, to designate a Beneficiary to receive any benefits payable under the
Plan upon the death of the Participant. The Beneficiary designated under the Plan may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Participant participates. 

 

	7.2	 Beneficiary Designation; Change. The Participant shall designate a Beneficiary by completing, signing and returning a Beneficiary Designation
Form to the Plan Administrator or its designated agent. Any beneficiary designation shall be deemed automatically revoked if the designated Beneficiary predeceases the Participant or if the Participant names a spouse as Beneficiary and the marriage
is subsequently dissolved. A Participant shall have the right to change a prior designation of a Beneficiary by completing, signing and returning a new Beneficiary Designation Form to the Plan Administrator, subject to such rules and procedures, as
in effect from time to time, with respect to the changing of a prior designation of a Beneficiary. Upon the receipt by the Plan Administrator of a new Beneficiary Designation Form, all prior Beneficiary designations previously filed by the
Participant shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form returned to it by the Participant prior to the Participant’s death. 

 

	7.3	 No Beneficiary Designation. If a Participant dies without designating a Beneficiary, or if all of a Participant’s designated
Beneficiaries predecease the Participant, the Participant’s surviving spouse shall be the designated Beneficiary and, if the Participant has no surviving spouse, the Participant's estate shall be the Beneficiary. 

  

 First Federal Bank of the Midwest 

Executive Group Life Plan - Post Separation 

 
  

 

  

	7.4	 Facility of Payment. If the Plan Administrator determines, in its sole discretion, that a benefit is to be paid to a minor, to a person
declared incompetent, or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct payment of such benefit to the guardian, legal representative or person having the care or custody of such
minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any payment of a benefit shall be a payment for the
account of the Participant and the Participant’s Beneficiary, as the case may be, and shall be a complete discharge of any liability under the Plan for such payment amount. 

Article 8 

Assignment 
 Any Participant may assign, without consideration, all of such Participant’s Interest in the Plan to any person, entity or trust. In the event a Participant shall transfer all of such
Participant’s Interest, then all of that Participant's Interest in the Plan shall be vested in his or her transferee, subject to such transferee executing agreements binding him or her to the provisions of the Plan, which such transferee shall
be substituted as a party hereunder, and that Participant shall have no further interest in the Plan. 
 Article 9

 Insurer 
 The Insurer shall be bound only by the terms of its given Policy. The Insurer shall not be bound by or deemed to have notice of the provisions of the Plan. The Insurer shall have the right to rely on the
Plan Administrator’s representations with regard to any definitions, interpretations or Policy interests as specified under the Plan. 
 Article 10 
 Claims And Review Procedure 

 

	10.1	 Claims Procedure. A Participant or Beneficiary (“claimant”) who has not received benefits under the Plan that he or she believes
should be paid shall make a claim for such benefits as follows: 

  

	 	10.1.1	 Initiation – Written Claim. The claimant initiates a claim by submitting to the Plan 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. 

  

 First Federal Bank of the Midwest 

Executive Group Life Plan - Post Separation 

 
  

 

  

	 	10.1.2	 Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant within ninety (90) days after receiving the
claim. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan 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 Plan Administrator expects to render its
decision. 

  

	 	10.1.3	 Notice of Decision. If the Plan Administrator denies part or the entire claim, the Plan Administrator shall notify the claimant in writing of
such denial. The Plan 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 the Plan on which the denial is based; 

	 	(c)	 A description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why it is needed;

	 	(d)	 An explanation of the Plan’s review procedures and the time limits applicable to such procedures; and 

	 	(e)	 A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on
review. 

  

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

  

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

  

	 	10.2.2	 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 Plan 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. 

  

	 	10.2.3	 Considerations on Review. In considering the review, the Plan 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. 

  

 First Federal Bank of the Midwest 

Executive Group Life Plan - Post Separation 

 
  

 

  

	 	10.2.4	 Timing of Plan Administrator’s Response. The Plan Administrator shall respond in writing to such claimant within sixty (60) days
after receiving the request for review. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan 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 Plan Administrator
expects to render its decision. 

  

	 	10.2.5	 Notice of Decision. The Plan Administrator shall notify the claimant in writing of its decision on review. The Plan 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 the Plan 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 11 

Amendment And Termination 
 The Bank may amend or terminate the Plan at any time; however, no such amendment or termination shall reduce or eliminate the rights of a Participant without the Participant’s written consent. The
Participant may waive or cease participation in the Plan by providing written notice to the Bank. If the Participant waives or ceases participation in the Plan, any designation of a Beneficiary by the Participant shall terminate and neither the
Participant nor the Participant’s Beneficiary shall have any rights with respect to the Participant’s Interest. Nothing in the foregoing shall be construed as preventing the Bank from continuing to maintain a Policy for its own benefit.

 Notwithstanding the foregoing, if any Participant Separates from Service prior to January 1, 2011, the
Participant’s participation in the Plan will cease as of such date, any designation of a Beneficiary by the Participant shall terminate and neither the Participant nor the Participant’s Beneficiary shall have any rights with respect to the
Participant’s Interest. 
 Article 12 
 Administration 
  

	12.1	 Plan Administrator Duties. This Plan shall be administered by a Plan Administrator which shall consist of the Board, or such committee or
persons as the Board may designate to serve as the plan administrator. The Plan Administrator or its designee shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the
administration of the Plan and (ii) decide or resolve any and all questions including interpretations of the Plan, as may arise in connection with the Plan. 

  

 First Federal Bank of the Midwest 

Executive Group Life Plan - Post Separation 

 
  

 

  

	12.2	 Agents. In the administration of the Plan, the Plan Administrator or its designee may employ agents and delegate to them such administrative
duties as it sees fit, (including acting through a duly appointed representative), and may from time to time consult with counsel who may be counsel to the Bank. 

 

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

  

	12.4	 Indemnity of Plan Administrator. The Bank shall indemnify and hold harmless the Plan Administrator or its designee against any and all
claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to the Plan, except in the case of willful misconduct by the Plan Administrator or its designee. 

 

	12.5	 Information. To enable the Plan Administrator or its designee to perform its functions, the Bank shall supply full and timely information to
the Plan Administrator or its designee on all matters relating to the Separation from Service or death of its Participants, and such other pertinent information as the Plan Administrator or its designee may reasonably require.

 Article 13 
 Miscellaneous 
  

	13.1	 Binding Effect. This Plan shall bind each Participant and the Bank, their Beneficiaries, survivors, executors, administrators, assigns, and
transferees. 

  

	13.2	 No Guarantee of Employment. This Plan is not an employment policy or contract. It does not give a Participant the right to remain an Employee
of the Bank, nor does it interfere with the Bank's right to discharge a Participant. It also does not require a Participant to remain an Employee nor interfere with a Participant's right to terminate employment at any time.

  

	13.3	 Applicable Law. The Plan and all rights hereunder shall be governed by and construed according to the laws of the State of Ohio, without
regard to any conflicts of law principles, except to the extent preempted by the laws of the United States of America. 

  

	13.4	 Successors. The term “Bank” as used in the Plan shall be deemed to refer to any successor or survivor company.

  

 First Federal Bank of the Midwest 

Executive Group Life Plan - Post Separation 

 
  

 

  

	13.5	 Notice. Any notice or filing required or permitted to be given to the Plan Administrator under the Plan shall be sufficient if in writing and
hand-delivered, or sent by registered or certified mail, to the address below: 

 Donald P.
Hileman EVP 
 Director of Human Resources 

601 Clinton Street 
 Defiance, Ohio 43512 
 Such 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 the receipt for registration or certification. 
 Any notice or filing required or permitted to be given to a Participant under the Plan shall be sufficient if in writing and hand-delivered, or sent by mail, to the last known address of the Participant.

  

	13.6	 Entire Agreement. This Plan, along with a Participant’s Election Form, Beneficiary Designation Form and any agreement in writing between
the Bank and any Participant, constitute the entire agreement between the Bank and the Participant as to the subject matter hereof. No rights are granted to the Participant under the Plan other than those specifically set forth herein.

 IN WITNESS WHEREOF, the Bank adopts the Plan as of the date indicated above. 

First Federal Bank of the Midwest 
  

					
		 	 By
	 	 /s/ Donald P. Hileman

		 	 Title
	 	 EVP

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