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EXHIBIT 10.4
EMPLOYMENT AGREEMENT EXTENSION
This EMPLOYMENT AGREEMENT EXTENSION (hereinafter referred to as
this
"AGREEMENT EXTENSION"), is entered into effective the 8th day of
April, 2005, by
and between The Franklin Savings and Loan Company, a savings and
loan
association incorporated under the laws of the State of Ohio
(hereinafter
referred to as the "EMPLOYER") and Lawrence Spitzmueller, an
individual
(hereinafter referred to as the "EMPLOYEE");
WITNESSETH:
WHEREAS, the EMPLOYEE is currently employed as the Vice
President of
the EMPLOYER; and
WHEREAS, the EMPLOYER and the EMPLOYEE are parties to an
employment
agreement dated December 20, 2004 (the "EMPLOYMENT AGREEMENT");
and
WHEREAS, Section 1 of the EMPLOYMENT AGREEMENT provides that the
Board
of Directors of the EMPLOYER may extend the term of the
EMPLOYMENT AGREEMENT for
a one-year term beyond the then effective expiration date,
provided the Board
has determined that the EMPLOYMENT AGREEMENT should be extended;
and
WHEREAS, as a result of the skill, knowled
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