Document:

CHANGE IN CONTROL SEVERANCE AGREEMENT

      THIS CHANGE IN CONTROL SEVERANCE AGREEMENT ("Agreement") entered into this
_______________, 2003 ("Effective Date"), by and between CHEVIOT SAVINGS BANK
("Association") and JEFFREY LENZER ("Employee").

      WHEREAS, Employee is currently employed by Association as the Chief
Lending Officer and is experienced in all phases of the business of Association;
and

      WHEREAS, the parties desire by this writing to set forth the rights and
responsibilities of Association and Employee if Association should undergo a
change in control (as defined hereinafter in the Agreement) after the Effective
Date.

      NOW THEREFORE, it is agreed as follows:

1.    Employment. Employee is employed in the capacity as the Chief Lending
      Officer of Association. Employee will render such administrative and
      management services to Association and Cheviot Financial Corp. ("Parent")
      as are currently rendered and as are customarily performed by persons
      situated in a similar executive capacity. Employee will promote to the
      extent permitted by law the business of Association and Parent. Employee's
      other duties will be such as the Board of Directors for Association (the
      "Board of Directors" or "Board") may from time to time reasonably direct,
      including normal duties as an officer of Association.

2.    Terms of Agreement. The term of this Agreement will be for the period
      commencing on the Effective Date and ending thirty-six (36) months
      thereafter. Additionally, on, or before, each annual anniversary date from
      the Effective Date, the term of this Agreement will be extended for an
      additional one-year period beyond the then effective expiration date upon
      a determination and resolution of the Board of Directors that the
      performance of Employee has met the requirements and standards of the
      Board, and that the term of such Agreement will be extended.

3.    Termination of Employment in Connection with or Subsequent to a Change in
      Control.

      3.1   Involuntary Termination. Notwithstanding any provision herein to the
            contrary, in the event of the involuntary termination of Employee's
            employment under this Agreement, absent Just Cause, in connection
            with, or within twelve (12) months after, any change in control of
            Association or Parent, Employee will be paid an amount equal to two
            times the prior calendar year's cash compensation paid to Employee
            by Association (whether said amounts were received or deferred by
            Employee). Said sum will be paid, at the option of Employee, either
            in one (1) lump sum not later than the date of such termination of
            employment or in periodic payments over the next 24 months, and such
            payments will be in lieu of any other future payments which Employee
            would be otherwise entitled to receive. Notwithstanding the
            foregoing, all sums payable hereunder will be reduced in

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            such manner and to such extent so that no such payments made
            hereunder when aggregated with all other payments to be made to
            Employee by Association or the Parent will be deemed an "excess
            parachute payment" in accordance with Section 280G of the Internal
            Revenue Codes of 1986, as amended (the "Code"), and be subject to
            the excise tax provided at Section 4999(a) of the Code. The term
            "control" will refer to the ownership, holding or power to vote more
            than 25% of the Parent's or Association's voting stock, the control
            of the election of a majority of the Parent's or Association's
            directors, or the exercise of a controlling influence over the
            management or policies of the Parent or Association by any person or
            by persons acting as a group within the meaning of Section 13(d) of
            the Securities Exchange Act of 1934. The term "person" means an
            individual other than Employee, or a corporation, partnership,
            trust, association, joint venture, pool, syndicate, sole
            proprietorship, unincorporated organization or any other form of
            entity not specifically listed herein.

3.2   Voluntary Termination. Notwithstanding any other provision of this
      Agreement to the contrary, Employee may voluntarily terminate his
      employment under this Agreement within twelve (12) months following a
      change in control of Association or Parent, and Employee will thereupon be
      entitled to receive the payment described in Section 3.1 of this
      Agreement, upon the occurrence, or within ninety (90) days thereafter, of
      any of the following events, which have not been consented to in advance
      by Employee in writing: (i) if Employee would be required to move his
      personal residence or perform his principal executive functions more than
      thirty-five (35) miles from Employee's primary office as of the signing of
      this Agreement; (ii) if in the organizational structure of Association or
      Parent, Employee would be required to report to a person or persons other
      than the President of Association or Parent; (iii) if Association or
      Parent should fail to maintain existing employee benefits plans, including
      material fringe benefit, stock option and retirement plans, except to the
      extent that such reduction in benefit programs is part of an overall
      adjustment in benefits for all employees of Association or Parent and does
      not disproportionately adversely impact Employee; (iv) if Employee would
      be assigned duties and responsibilities other than those normally
      associated with his position as referenced at Section 1, herein, for a
      period of more than six (6) months, or if such additional assigned duties
      and responsibilities result in additional cost to be incurred by Employee
      not otherwise associated with the previously assigned duties and
      responsibilities, which costs are not reimbursed by Association within
      forty-five (45) days of being incurred; or (v) if Employee's
      responsibilities or authority have in any way been materially diminished
      or reduced for a period of more than six (6) months.

3.3   Arbitration. Any controversy or claim arising out of or relating to this
      Agreement, or the breach thereof, will be settled by arbitration in
      accordance with the rules then in effect of the district office of the
      American Arbitration Association ("AAA") nearest to the home office of
      Association, and judgment upon the award rendered may be entered in any
      court having jurisdiction thereof, except to the extent that the parties
      may otherwise reach a mutual settlement of such issue. Association will
      incur the cost of all fees and expenses associated

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      with filing a request for arbitration with the AAA, whether such filing is
      made on behalf of Association or Employee, and the costs and
      administrative fees associated with employing the arbitrator and related
      administrative expenses assessed by the AAA. Association will reimburse
      Employee for all costs and expenses, including reasonable attorneys' fees,
      arising from such dispute, proceedings or actions, notwithstanding the
      ultimate outcome thereof, following the delivery of the decision of the
      arbitrator finding in favor of Employee or settlement of the matter;
      provided that if such finding of the Arbitrator is not in favor of
      Employee, then such Employee will reimburse Association for the initial
      filing fee paid by Association to the AAA. Such settlement to be approved
      by the Board of Association or the Parent may include a provision for the
      reimbursement by Association or Parent to Employee for all costs and
      expenses, including reasonable attorneys' fees, arising from such dispute,
      proceedings or actions, or the Board of Association or the Parent may
      authorize such reimbursement of such costs and expenses by separate action
      upon a written action and determination of the Board. Such reimbursement
      will be paid within ten (10) days of Employee furnishing to Association or
      Parent evidence, which may be in the form, among other things, of a
      canceled check or receipt, of any costs or expenses incurred by Employee.

4.    Other Changes in Employment Status.

      4.1   Except as provided for at Section 3, herein, the Board of Directors
            may terminate Employee's employment at any time, but any termination
            by the Board of Directors other than termination for Just Cause,
            will not prejudice Employee's right to compensation or other
            benefits under the Agreement. Employee will have no right to receive
            compensation or other benefits for any period after termination for
            Just Cause. Termination for "Just Cause" will include termination
            because of Employee's personal dishonesty, incompetence, willful
            conduct, 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 Agreement.

      4.2   If Employee is removed and/or permanently prohibited from
            participating in the conduct of Association's affairs by an order
            issued under Sections 8(e)(4) or 8(g)(l) of the Federal Deposit
            Insurance Act ("FDIA") (12 U.S.C. 1818(e)(4) and (g)(1)), all
            obligations of Association under this Agreement will terminate, as
            of the effective date of the order, but the vested rights of the
            parties will not be affected.

      4.3   If this Association is in default (as defined in Section 3(x)(l) of
            FDIA), all obligations under this Agreement will terminate as of the
            date of default, but this Section will not affect any vested rights
            of the contracting parties.

      4.4   All obligations under this Agreement will be terminated, except to
            the extent determined that continuation of this Agreement is
            necessary for the continued

                                      -3-
<PAGE>

            operation of Association: (i) by the Director of the Office of
            Thrift Supervision ("Director of OTS") or his or her designee, at
            the time that the Federal Deposit Insurance Corporation ("FDIC")
            enters into an agreement to provide assistance to or on behalf of
            Association under the authority continued in Section 13(c) of FDIA;
            or (ii) by the Director of the OTS, or his or her designee, at the
            time that the Director of the OTS, or his or her designee approves a
            supervisory merger to resolve problems related to operation of
            Association or when Association is determined by the Director of the
            OTS to be in an unsafe or unsound condition. Any rights of the
            parties that have already vested, however, will not be affected by
            such action.

      4.5   Notwithstanding anything herein to the contrary, any payments made
            to Employee pursuant to the Agreement, or otherwise, will be subject
            to and conditioned upon compliance with 12 U.S.C. s.1828(k) and any
            regulations promulgated thereunder.

5.    Suspension of Employment. If Employee is suspended and/or temporarily
      prohibited from participating in the conduct of Association's affairs by a
      notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818
      (e)(3) and (g)(1)), Association's obligations under the Agreement will be
      suspended as of the date of service, unless stayed by appropriate
      proceedings. If the charges in the notice are dismissed, Association will,
      (i) pay Employee all or part of the compensation withheld while its
      contract obligations were suspended, and (ii) reinstate any of its
      obligations which were suspended.

6.    Successors and Assigns.

      6.1   This Agreement will inure to the benefit of and be binding upon any
            corporate or other successor of Association which will acquire,
            directly or indirectly, by merger, consolidation, purchase or
            otherwise, all or substantially all of the assets or stock of
            Association.

      6.2   Employee will be precluded from assigning or delegating his rights
            or duties hereunder without first obtaining the written consent of
            Association.

7.    Amendments. No amendments or additions to this Agreement will be binding
      upon the parties hereto unless made in writing and signed by both parties,
      except as herein otherwise specifically provided.

8.    Applicable Law. This Agreement will be governed by all respects whether as
      to validity, construction, capacity, performance or otherwise, by the laws
      of the State of Ohio, except to the extent that Federal law will be deemed
      to apply.

9.    Severability. The provisions of this Agreement will be deemed severable
      and the invalidity or unenforceability of any provision will not affect
      the validity or enforceability of the other provisions hereof.

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<PAGE>

10.   Entire Agreement. This Agreement together with any understanding or
      modifications thereof as agreed to in writing by the parties, will
      constitute the entire agreement between the parties hereto.

Signed as of _______________, 2003.

                                        ASSOCIATION:
                                        CHEVIOT SAVINGS BANK

                                        By:_____________________________________
                                           Thomas J. Linneman
                                           President and CEO

                                        EMPLOYEE:

                                        ________________________________________
                                        Jeffrey Lenzer

                                      -5-<PAGE>

EXHIBIT 4.1

         This is only an English translation of the agreement in Chinese
           This English translation shall not have any binding effect.
             No responsibility can be accepted for reliance upon it.

                          DIRECTOR'S SERVICE AGREEMENT
                       CHINA SOUTHERN AIRLINES CO., LTD.

         After friendly negotiations in the spirit of equality and mutual
benefit, China Southern Airlines Co., Ltd. (hereinafter referred to as "Party A"
or the "Company") and ________________________ ("Party B"), who is currently
domiciled at _____________________________________, entered into this Service
Agreement on ____________ at Party A's domicile in Guangzhou Municipality,
Guangdong Province, under which they agree as follows:

ARTICLE 1         EMPLOYMENT

1.1      This Agreement is intended to define and govern the relationship
         between Party A as employer and Party B as employee.

1.2      Subject to the terms and conditions hereof, Party A agrees to employ
         Party B as director of its board of directors.

1.3      Subject to the terms and conditions hereof, Party B agrees to accept
         Party A's employment and serve as Party A's director.

ARTICLE 2         TERM OF EMPLOYMENT

2.1      Party B's term of employment as Party A's director is three (3) years,
         beginning on ___________ and ending ___________.

2.2      Prior to the expiration of Party B's term of office as Party A's
         director, Party A shall not remove Party B from his office without any
         cause except as provided in Article 6 hereof.

ARTICLE 3         PARTY B'S RESPONSIBILITIES

3.1      Party B represents and warrants that he shall perform his duties in
         accordance with the Company Law of the People's Republic of China and
         other applicable laws and administrative regulations, as well as Party
         A's articles of association, this Agreement and resolutions of Party
         A's shareholders meeting.

3.2      During his term of office, Party B shall

         (1)      as director of the Company, perform such duties and exercise
                  such powers Party A's shareholders meeting and board of
                  directors shall assign or grant him from time to time;

         (2)      comply with the lawful orders and instructions which the
                  Company's shareholders' resolution or board of directors shall
                  give or make from time to time, serve the Company in good
                  faith and with due care, and use his best efforts to promote
                  the business of the Company; and

         (3)      attend to the business and interests of Party A with due
                  diligence, and deal with matters relating to the Company's
                  business and interest during business hours and at any other
                  time at the reasonable request of the Company, except when
                  Party B is not able to attend due to illness or other
                  unexpected event.

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<PAGE>

                  Under such circumstances, he should give prompt notice on the
                  Company, and provide evidence of such illness or event at the
                  request of the Company.

3.3      During his term of office as director of the Company, Party B shall
         undertake not to

         (1)      Embezzle Party A's funds or lend such funds to others;

         (2)      Deposit Party A's funds in an account under his name or under
                  the name of any other individual;

         (3)      Use Party A's assets as collateral for the debts of the
                  Company's shareholders or other individuals;

         (4)      Operate for himself or for others in the same line of business
                  as Party A's, or engage in activities detrimental to the
                  interests of Party A;

         (5)      Seek personal interest by using his position in the Company;
                  or

         (6)      Accept bribery or other unlawful incomes which come his way
                  because of his position in the Company, or convert Party A's
                  property to himself.

3.4      Party B shall

         (1)      Act in good faith and in the overall interest of Party A;

         (2)      Act with an appropriate purpose;

         (3)      Account to Party A for the use or misuse of Party A's assets;

         (4)      Avoid any actual or potential conflict of interest or state of
                  divided loyalty;

         (5)      Disclose unreservedly and fairly Party B's interest in his
                  agreement with Party A; and

         (6)      Act with the skill, care and diligence reasonably expected of
                  a person having the same experience and knowledge and holding
                  the position as Party A's director.

3.5      In performing his duties as director of the Company, Party B shall be
         held liable for any loss or injury of Party A that results from Party
         B's violation of the laws, administrative regulations, as well as Party
         A's articles of association.

3.6      Party B shall not engage in any activity that competes with the
         business of the Company in any country or region during the term of his
         office or within 12 months thereafter. However, this provision only
         applies to the products or services Party B is responsible for or
         related to during the said term of office.

3.7      During the term of his office and within 12 months thereafter, Party B
         shall not cause any customers or suppliers of the Company to become
         customers or suppliers of any other third party, nor shall he induce
         them to terminate their business with the Company.

3.8      During the term of his office and within 12 months thereafter, Party B
         shall not induce any employee of the Company to leave the Company or
         hire other employees from the Company.

3.9      At no time after the termination of his term of office shall Party B
         use for whatever purpose the name of the Company (both English and
         Chinese) or any other name similar thereto together with his own name
         or any other name to indicate that he is or was affiliated with the
         business of the Company. Nor shall he claim any such affiliation in any
         other way.

3.10     Party B has the right to:

(1)      Request Party A to provide the necessary working conditions and terms;
         and

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<PAGE>

(2)      Seek compensation from Party A in the occurrence of economic loss or
         punishment consequent to a decision made in good faith by Party B.

ARTICLE 4         COMPENSATIONS AND EXPENSES

4.1      During Party B's term of office, Party A shall pay an annual amount in
         RMB determined by the Company's policy as compensation for Party B's
         service, which he renders according to the terms of the Agreement as
         director of the Company.

4.2      Payment and amount of the director's compensation may be altered by
         resolution of the Company's shareholders meeting.

4.3      Party A shall withhold Party B's individual income tax from his income.

4.4      Party A and Party B shall, in accordance with relevant provisions of
         Chinese law, pay to relevant authorities or insurance companies their
         respective share of insurance premium for medical care, pension,
         unemployment, and for insurance against work-related accidents.

4.5      Party A shall be responsible for the reasonable expenses (such as
         traveling expenses) which Party B incurs in rendering services to Party
         A as director or for the purpose of Party A's business. If such
         expenses have already been paid by Party B, Party A shall reimburse
         Party B in accordance with Party A's relevant rules of financial
         management, provided, however, that Party B shall provide valid
         receipts or invoices. Party A may also advance Party B such payments
         for Party B to cover these necessary expenses. After using such advance
         money, Party B shall provide valid receipts or invoices for the said
         expenses for final settlement at a time requested by Party A.

4.6      Party B shall be entitled to annual paid leaves, which shall not
         include statutory holidays. The number of days of the annual paid leave
         shall be decided by the board of directors. Party B shall take leave at
         a time convenient to the board of directors after all urgent corporate
         matters have been taken into consideration, provided, however, that

         (A)      Party B shall be entitled to paid leaves on a pro-rata basis
                  according to the days of his actual employment by the Company
                  in the year if his employment is terminated for reasons other
                  than that under Article 6.2 hereunder;

         (B)      If in any given year Party B does not take full advantage of
                  the paid leaves, he has no claim on the Company, except when
                  the Company holds in its own judgment that this is caused by
                  the burdensome or urgent nature of his duty. Under such
                  circumstances he can use the paid leave he is entitled to in
                  the following year.

4.7      If Party B is unable to perform his duty under this Agreement due to
         illness, injury or accidents, he is still entitled to full compensation
         for one month or any shorter period during which he remains incapable
         of performing his duty, provided, however, that he provides evidence or
         reasons of his incapability satisfactory to the board of directors. If
         he remains incapable of performing his duty for more than six
         consecutive months, his compensation as director shall be withheld.

4.8      Party B may be removed from office by resolution of a shareholders
         meeting if he materially breaches any provision hereunder, if he
         seriously injures the interests of the Company, if he is bankrupt or
         insolvent, or if he has committed a crime. After his removal from
         office, Party B shall not be entitled to any bonus or other payments
         except his salary for that month on a pro-rata basis. Nor shall he be
         entitled to any damages for such removal.

4.9      If Party B's employment is terminated for reasons other than that under
         Article 6.2,

         (A)      Party B shall be entitled to

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<PAGE>

                  (1)      his prorated last monthly salary according to his
                           actual days of employment in the month, in accordance
                           with Article 2.1 hereunder;

                  (2)      his share of bonus for the last year of his
                           employment under the Agreement, as decided by the
                           board of directors in accordance with Article 2.1
                           hereunder; and

                  (3)      paid leaves for the last year of his employment under
                           the Agreement, in accordance with Article 4.6
                           hereunder. Party B shall ask for such leave before
                           the termination of his employment; and

         (B)      Party B shall not claim any damages against the Company for
                  termination of his employment hereunder.

ARTICLE 5         CONFIDENTIALITY

5.1      Party B is aware that he has access to Party A's commercial secrets in
         performing his duties as director of the Company. These commercial
         secrets include, without limiting to, documents, materials, data,
         information, plans, inside news, etc. Party B acknowledges that these
         secrets are Party A's proprietary rights, and Party B is obligated to
         keep the confidentiality of such secrets.

5.2      Party B guarantees that at any time, including after the expiration or
         termination of his employment,

         (1)      he will not disclose to any third party any confidential
                  materials under Article 5.1 hereunder in any manner, except
                  information which must be disclosed to related employees of
                  Party A or experts hired by Party A for performance of his
                  duty as director.

         (2)      he will not use such confidential information in any way for
                  his own benefit or for the benefit of his friends or
                  relatives.

         (3)      he will take necessary actions to prevent such confidential
                  information from being disclosed or disseminated to any third
                  party unauthorized by Party A; and

       (4)        he will return to Party A all materials relating to Party A's
                  business in a timely and valid manner before expiration or
                  early termination of his term of office, including without
                  limiting Party A's documents, notes taken by himself, records,
                  reports, handbooks, blueprints, graphs, disks, tapes, models
                  and samples. To avoid any ambiguity, it is hereby declared
                  that all such documents belong to the Company at any time.

5.3      Party B agrees that all intellectual property rights in connection with
         products that are developed, created or manufactured during his term of
         office as director of the Company are the proprietary rights of Party
         A.

ARTICLE 6         TERMINATION OF EMPLOYMENT

6.1      Under any of the following circumstances, the employment relationship
         between Party A and Party B shall be terminated:

         (1)      Party B's term of office as director expires;

         (2)      Party B dies;

         (3)      Facts have been unearthed which, according to statutes,
                  disqualify Party B as director, and the shareholders meeting
                  has decided to terminate his employment by resolution.

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<PAGE>

         (4)      Party B fails to perform his duty for six (6) months due to
                  illness or other reasons, upon approval by the resolution of
                  the shareholders.

6.2      Under any of the following circumstances, Party A may terminate its
         employment relationship with Party B by written notice:

         (1)      Party B has brought injury or loss to Party A intentionally or
                  as a consequence of wanton misconduct in performing his duty
                  as director;

         (2)      Party B breaches his duty as director or violates the
                  provisions of this Agreement, and refused to correct his
                  behavior after a warning;

         (3)      Party B violates the law in matters unrelated to Party A
                  during his term of office, or damages the reputation of Party
                  A because of his personal conduct.

6.3      Termination of employment hereunder does not eliminate Party A's
         existing rights under Articles 5 and 6. Articles 5 and 6 hereunder
         shall survive the termination of the employment relationship.

ARTICLE 7         OTHERS

7.1      This Agreement is an agreement for Party B's rendition of personal
         service as director. Therefore, the rights, interests, obligations and
         duties of Party B hereunder shall not be assigned or delegated to any
         third party, except the right to attend Party A's board meetings, which
         may be exercised by proxy upon his written authorization.

7.2      Neither Party shall add to, delete or amend this Agreement or any
         provisions herein without the written consent of both Parties.

7.3      The law of the People's Republic of China shall govern the execution,
         interpretation, and performance of this Agreement as well as dispute
         resolution hereunder.

7.4      Disputes that arise out of the performance of this Agreement shall be
         resolved by the Parties through friendly negotiations. If the Parties
         are unable to resolve their disputes through negotiation, either Party
         may institute a legal action at a people's court with competent
         jurisdiction.

7.5      In the event that either Party breaches this Agreement, fails to
         perform its obligation hereunder, or renders non-conforming
         performance, the other Party has the right to request correction within
         a specific period of time, specific performance, removal of hindrances,
         damages and other remedies. Failure of either Party to exercise its
         right or a part of its right hereunder does not constitute a waiver of
         such right or such partial right.

7.6      Written notice under this Agreement may be delivered face-to-face,
         personally, or by fax or mail service. Party B shall notify Party A of
         his new address within 10 days after any address changes.

7.7      The Employee Handbook is attached hereto as a valid component part of
         this Agreement.

7.8      This Agreement shall become effective as of the date of its execution.

7.9      This Agreement shall have two counterparts, one for each of Party A and
         Party B.

Party A
China Southern Airlines Company
Legal Representative:

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Party B

Date : _____________

                                       6

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