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Re: Letter Employment Agreement dated December 13, 2007 (the "Agreement"), as amended

Employment Agreement

Re:
Letter Employment Agreement dated December 13, 2007 (the You are currently viewing:
This Employment Agreement involves

FIRST OF LONG ISLAND CORP

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Title: Re: Letter Employment Agreement dated December 13, 2007 (the "Agreement"), as amended
Date: 5/21/2009
Industry: Regional Banks     Sector: Financial

Re:
Letter Employment Agreement dated December 13, 2007 (the
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Exhibit 10.13 - Amendment To Employment Agreement Between the Registrant and Sallyanne K. Ballweg

 

[THE FIRST NATIONAL BANK OF LONG ISLAND LETTERHEAD]

 

April 8, 2009

 

Ms. Sallyanne K. Ballweg

 

 

Re:

Letter Employment Agreement dated December 13, 2007 (the “Agreement”), as amended

 

Dear Ms. Ballweg:

 

This will serve to confirm that we have agreed to further amend the captioned Agreement in the following respects:

 

1.         Section “1” of the Agreement is hereby deleted in its entirety and the following section is hereby substituted therefor:

 

 

“1.

TERM; RENEWAL

 

The Initial Term of the Agreement shall run from December 31, 2007 through and including December 31, 2009 and, if not terminated as described below, the term shall, on January 1 of each year (beginning on January 1, 2009), automatically be extended for an additional year, resulting in a new two (2) year term (the “Renewal Terms”), with such modifications hereto as the parties shall agree in writing; provided, h


 
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