UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

_______________

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported) – May 18, 2009

 

The First of Long Island Corporation

(Exact Name of Registrant as Specified in Charter)

 

 

 

Registrant’s telephone number, including area code - (516) 671-4900

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

Item 1.01. Amendment of Material Definitive Agreement

 

On May 18, 2009, The First of Long Island Corporation (the “Corporation”) and Sallyanne K. Ballweg agreed to further amend a Letter Employment Agreement (the “Agreement”) dated December 13, 2007. This most recent amendment serves to extend the end of the initial term as set forth in Section 1 of the Agreement from June 30, 2009 to December 31, 2009, increase the Termination Payment set forth in Section 4.1 of the Agreement from 150% to 200% of Base Annual Salary, extend the period of continued health insurance coverage set forth in Section 8.1 of the Agreement from 18 to 24 months, and extend the period of Non-Solicitation set forth in Section 10.1 of the Agreement from 18 months to two years.

 

 

Exhibit 10.13 - Amendment to Employment Agreement Between the Registrant and Sallyanne K. Ballweg

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

The First of Long Island Corporation

(Registrant)