EMPLOYMENT AGREEMENT



     This Agreement is made effective as of______________ __, 2002 (the

"Effective Date"), by and between Clay County Savings Bank a federally chartered

savings bank with its principal office in Liberty, Missouri, and MARIO USERA

(the "Executive"). References to the "Company" mean CCSB Financial Corp., the

wholly owned subsidiary of the Company.



     WHEREAS, the Executive has served as an officer of the Bank since

___________ and as an officer of the Company since its formation as the holding

company for the Bank; and



     WHEREAS, the Bank wishes to assure itself of the services of Executive as

an officer of the Bank for the period provided in this Agreement; and



     WHEREAS, in order to induce the Executive to remain in the employ of the

Bank and to provide further incentive to achieve the financial and performance

objectives of the Bank and the Company, the parties desire to specify the

severance benefits which shall be due the Executive in the event that his

employment with the Bank is terminated under specified circumstances;



     NOW, THEREFORE, in consideration of the mutual covenants herein contained,

and upon the other terms and conditions hereinafter provided, the parties hereby

agree as follows:



1.   POSITION AND RESPONSIBILITIES.



     During the period of his employment hereunder, Executive agrees to serve as

Executive Vice President of the Bank (the "Executive Position"). During said

period, Executive also agrees to serve, if elected, as an officer and director

of any subsidiary or affiliate of the Bank. Failure to reelect Executive to the

Executive Position without the consent of the Executive during the term of this

Agreement (except for any termination for Cause, as defined herein) shall

constitute a breach of this Agreement.



2.   TERM AND DUTIES.





     (a) The period of Executive's employment under this Agreement shall begin

as of the date first above written and shall continue for a period of thirty-six

(36) full calendar months thereafter. Commencing on the first anniversary date

of this Agreement, and continuing at each anniversary date thereafter, the

Agreement shall renew for an additional year such that the remaining term shall

be thirty-six (36) full calendar months; provided, however, if written notice of

nonrenewal is provided to Executive at least ten (10) days and not more than

thirty (30) days prior to any anniversary date, the employment of Executive

hereunder shall cease at the end of thirty-six (36) months following such

anniversary date. Prior to each notice period for non-renewal, the disinterested

members of the board of directors ("Board") will conduct a performance

evaluation and review of the Executive for purposes of determining whether to

extend the Agreement, and the results thereof shall be included in the minutes

of the Board's meeting and communicated to Executive.





<PAGE>





     (b) During the period of his employment hereunder, except for periods of

absence occasioned by illness, reasonable vacation periods, and reasonable

leaves of absence approved by the Board, Executive shall devote substantially

all his business time, attention, skill, and efforts to the faithful performance

of his duties hereunder including activities and services related to the

organization, operation and management of the Bank; provided, however, that,

with the approval of the Board of the Bank, as evidenced by a resolution of such

Board, from time to time, Executive may serve, or continue to serve, on the

boards of directors of, and hold any other offices or positions in, business

companies or business organizations, which, in such Board's judgment, will not

present any conflict of interest with the Bank, or materially affect the

performance of Executive's duties pursuant to this Agreement (it being

understood that membership in and service on boards or committees of social,

religious, charitable or similar organizations does not require Board approval

pursuant to this Section 2(b)). For purposes of this Section 2(b), Board

approval shall be deemed provided as to service with any such business companies

or organizations that Executive was serving as of the date of this Agreement as

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC