EXHIBIT 10.2
LCNB Corp.
Senior Executive Officer
Waiver
January 9, 2009
In consideration for the benefits I will
receive as a result of my employer’s participation in the
United States Department of the Treasury’s TARP Capital
Purchase Program, I hereby voluntarily waive any claim against the
United States or my employer for any changes to my compensation or
benefits that are required to comply with the regulation issued by
the Department of the Treasury as published in the Federal Register
on October 20, 2008.
I acknowledge that this regulation may
require modification of the compensation, bonus, incentive and
other benefit plans, arrangements, policies and agreements
(including so-called “golden parachute” agreements)
that I have with my employer or in which I participate as they
relate to the period the United States holds any equity or debt
securities of my employer acquired through the TARP Capital
Purchase Program.
This waiver includes all claims I may
have under the laws of the United States or any state related to
the requirements imposed by the aforementioned regulation,
including without limitation a claim for any compensation or other
payments I would otherwise receive, any challenge to the process by
which this regulation was adopted and any tort or constitutional
claim about the effect of these regulations on my employment
relationship.
/s/Stephen P.
Wilson
Stephen P. Wilson
Chief Executive Officer
LCNB Corp.
Senior Executive Officer
Waiver
January 9, 2009
In consideration for the benefits I will
receive as a result of my employer’s participation in the
United States Department of the Treasury’s TARP Capital
Purchase Program, I hereby voluntarily waive any claim against the
United States or my employer for any changes to my compensation or
benefits that are required to comply with the regulation issued by
the Department of the Treasury as published in the Federal Register
on October 20, 2008.
I acknowledge that this regulation may
require modification of the compensation, bonus, incentive and
other benefit plans, arrangements, policies and agreements
(including so-called “golden parachute” agreements)
that I have with my employer or in which I participate as they
relate to the period the United States holds any equity or debt
securities of my employer acquired through the TARP Capital
Purchase Program.
This waiver includes all claims I may
have under the laws of the United States or any state related to
the requirements imposed by the aforementioned regulation,
including without limitation a claim for any compensation or other
payments I would otherwise receive, any challenge to the process by
which this regulation was adopted and any tort or constitutional
claim about the effect of these regulations on my employment
relationship.
/s/Steve P.
Foster
Steve P. Foster
President
LCNB C
