Mr. Schultz’s appointment and service as President and CEO will end on May 12, 2016, the date the successor President and CEO of the Bank commences employment with the Bank. From May 12, 2016 until his retirement on May 31, 2016, Mr. Schultz will be employed as a non-executive employee of the Bank. Notwithstanding the foregoing, Mr. Schultz’ employment is “at will” by law and may be terminated at any time, including at any time, without cause by either party on written notice (“Termination”). No other prior or subsequent oral representations, writings, or course of conduct by anybody at the Bank may alter the “at-will” nature of the employment relationship, and nothing in this Agreement should be construed to create any relationship other than “at-will” employment as specified herein. The “at-will” nature of the employment relationship at all times may be modified only when permitted by applicable law and by a writing signed by both Mr. Schultz and the Bank, specifically amending this Agreement with respect to the issue of the “at-will” employment relationship.