Item 1.02. Termination of a Material Definitive Agreement
Item 5.02. Departure of Executive Officer
On October 6, 2008, the letter employment agreement dated January 1, 2002, as
amended, between The First of Long Island Corporation (the "Corporation") and
Mr. Joseph G. Perri, Executive Vice President, was terminated and Mr. Perri will
receive the Termination Payment in the amount of $248,125 being equal to 125% of
his current Base Annual Salary. The Corporation will provide Mr. Perri
with medical and dental insurance coverage at no cost to him for a period of up
to eighteen months subsequent to termination of his letter employment agreement.
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