EXHIBIT 10.3
Exhibit 10.3
RESOLUTION: EXECUTIVE PHYSICAL PROGRAM
Upon motion made by Director Stefanik and seconded by Director Zepp, the following resolution was unanimously adopted:
WHEREAS, the Board of Directors (“Board”) recognizes the contributions provided by members of the key executive team that promotes the growth of Third Federal Savings and Loan Association of Cleveland (“Association”); and
WHEREAS, the Board will periodically review the option to offer additional benefits to key executives to continue to remain competitive in preserving the services provided by these individuals; and
WHEREAS, the health of key executives is vital to the health of the Association. It is recommended that an Executive Physical Program be implemented; and
WHEREAS, health risk appraisals and annual physicals are important tools in the general health assessment of an individual; and
WHEREAS, the Cleveland Clinic has a reputable executive health management program, “the Personal Health Management Program”; and
WHEREAS, the cost of the program is a range of $2,000 - $3,000 per participant; and
WHEREAS, the key executives recommended to participate in the Executive Physical Program are:
| | |
Ralph Betters, | | David Huffman |
Marianne Piterans | | John Ringenbach |
Marc Stefanski | | Daniel Weir |
Now, therefore,
BE IT RESOLVED, that the Board of Directors unanimously approves the implementation of the Executive Physical Program; and
FURTHER BE IT RESOLVED, that the key executives be offered the opportunity to participate in the program; and
FURTHER BE IT RESOLVED, that Jodi Hajduk, CEBS, maintain the administration of the program.
BOARD OF DIRECTORS MEETING HELD ON MAY 16 2002
