SEC Contract Filing

Filing Date: 2019-08-09

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>flic-20190630xex10_3.htm
<DESCRIPTION>EX-10.3
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 Exhibit 103
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 <a name="_GoBack"></a><font style="display: inline;">Exhibit 10.3</font>
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 <font style="display: inline;font-family:Times New Roman;text-transform:none;">EMPLOYMENT</font><font style="display: inline;"> AGREEMENT </font>
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 <font style="display: inline;">This Employment Agreement (the &#x201C;Agreement</font><font style="display: inline;">&#x201D;) is made effective as of </font><font style="display: inline;">J</font><font style="display: inline;">anuary</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">1</font><font style="display: inline;">, 2019</font><font style="display: inline;"> (the &#x201C;</font><font style="display: inline;text-decoration:underline;">Effective Date</font><font style="display: inline;">&#x201D;), by and between </font><font style="display: inline;">The First of Long Island Corporation (the &#x201C;</font><font style="display: inline;text-decoration:underline;">Company</font><font style="display: inline;">&#x201D;), </font><font style="display: inline;">The First National Bank of Long Island </font><font style="display: inline;">(</font><font style="display: inline;">the </font><font style="display: inline;">&#x201C;</font><font style="display: inline;text-decoration:underline;">Bank</font><font style="display: inline;">&#x201D;</font><font style="display: inline;">; and together with the Company, &#x201C;</font><font style="display: inline;text-decoration:underline;">FLIC</font><font style="display: inline;">&#x201D;</font><font style="display: inline;">)</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">and </font><font style="display: inline;">Anne Marie Stefanucci </font><font style="display: inline;">(&#x201C;</font><font style="display: inline;text-decoration:underline;">Executive</font><font style="display: inline;">&#x201D;).</font><font style="display: inline;"> &nbsp; &nbsp;</font>
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 <font style="display: inline;font-weight:bold;">WHEREAS</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">FLIC</font><font style="display: inline;"> wishes to assure itself of the continued services of Executive for the period </font><font style="display: inline;">and in accordance with the terms </font><font style="display: inline;">provided in this Agreement; and</font>
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 <font style="display: inline;font-weight:bold;">WHEREAS</font><font style="display: inline;">, in order to induce Executive to remain in the employ of </font><font style="display: inline;">FLIC</font><font style="display: inline;"> and to provide further incentive for Executive to achieve the financial and performance objectives of </font><font style="display: inline;">FLIC</font><font style="display: inline;">, the parties desire to enter into this Agreement; and</font>
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 <font style="display: inline;font-weight:bold;">NOW, THEREFORE</font><font style="display: inline;">, in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows:</font>
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 <font style="display: inline;color:#000000;">TERM</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
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 <font style="text-indent:0pt;margin-left:0pt; padding-right:23pt;"><font style="display: inline;color:#000000;">(a)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align