FIRST OF LONG ISLAND CORP
DONALD L. MANFREDONIA AMENDMENT
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<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>d62684_ex10-5.htm
<DESCRIPTION>DONALD L. MANFREDONIA AMENDMENT
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     <!-- Control Number: 05-62684                                                         -->
     <!-- Rev Number:     1.0                                                              -->
     <!-- Client Name:    The First of Long Island Corporation                             -->
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     <TITLE>EX-10.5</TITLE>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Exhibit 10.5 - </B> </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Amendment
to Employment Agreement Between The First of Long Island Corporation
                              and Donald L. Manfredonia Dated January 1, 2005</B> </FONT></TD>
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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>[THE FIRST OF LONG
ISLAND CORPORATION LETTERHEAD] </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>January 1, 2005 </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr. Donald L. Manfredonia<BR>The First
National Bank of Long Island<BR>10 Glen Head Road<BR>Glen Head, New York 11545 </FONT></P>


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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>           Re: </B></FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Letter
Employment Agreement dated January 1, 2002                      (the &#147;Agreement&#148;)</B></FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dear Mr. Manfredonia: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
will serve to confirm that we have agreed to the amendment of the captioned Agreement by
the addition of the following Section 11 thereto: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;11.
<I>NON-SOLICITATION; CONFIDENTIALITY</I>. </FONT> </P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1
In consideration of the agreement by FLIC to make a Termination Payment to you under the
circumstances described in Section &#147;4&#148; hereof, and regardless of whether you
shall actually become entitled to receive a Termination Payment, you agree that, for a
period of two (2) years after the termination of your employment by FLIC, you will not (i)
on behalf of any banking organization or lender doing business in New York City or in the
Counties of Nassau or Suffolk, directly or indirectly solicit the business of any person
or entity which shall be a customer of the Bank on the date of such termination or
facilitate or assist in the development of any business relationship between any such
banking organization or lender and any such customer or (ii) either directly or on behalf
of any such banking organization or lender, employ, retain, or solicit the employment or
retention of, any person who shall be an employee of the Bank on the date of such
termination. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2
You agree, without limitation as to time, to keep secret and retain in confidence all
confidential matters of FLIC and the Bank, whether developed by FLIC, the Bank or you,
including, without limitation, &#147;know-how,&#148; trade secrets, customer lists,
pricing policies, and operational methods, and not to disclose them to anyone outside of
FLIC or the Bank except in the course of performing your duties hereunder or with the
express written consent of FLIC. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3
If a court of competent jurisdiction determines that any covenant contained herein is
unreasonable because of its term or territorial scope, or for any other reason, we agree
that such court may reform the condition of such covenant so that it is reasonable under
the circumstances and this covenant, as reformed, shall be enforceable.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
confirm that the foregoing accurately sets forth our understanding by signing and
returning the enclosed copy of this letter. The Agreement will thereupon be deemed amended
in the foregoing respects. </FONT></P>


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    <td width=50%><font face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Very
      truly yours,<br>
      <br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE FIRST OF LONG ISLAND CORPORATION<br>
      <br>
      <br>
      By: /s/ Michael N. Vittorio<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael N. Vittorio, President</font></td>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>19 </FONT></P>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ACCEPTED AND AGREED: </FONT></P>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ Donald L. Manfredonia<BR>
&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>DONALD L. MANFREDONIA </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Enclosure </FONT></P>


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