EX-10.1




 Exhibit 10.1 

AMENDATORY AGREEMENT 
 TO
CHANGE IN CONTROL AGREEMENT 
 This AMENDATORY AGREEMENT (the “Amendatory Agreement”) is made and entered into as of
the 23rd day of September, 2022 by and among Lakeland Bancorp, Inc. (“Bancorp”), Lakeland Bank (the “Bank” and, collectively with Bancorp, the “Company”) and Ronald
E. Schwarz (the “Executive”). 
 WITNESSETH: 

WHEREAS, the Company and the Executive entered into a certain Change in Control Agreement, dated as of May 29, 2009, and amended
as of August 7, 2015 and January 6, 2022 (as amended, the “Agreement”); and 
 WHEREAS, this Amendatory Agreement
is entered into in connection with the transactions contemplated by the Agreement and Plan of Merger, dated as of September 26, 2022, between Provident Financial Services, Inc., a Delaware corporation (“Parent”), and Bancorp (as the
same may be amended, restated, supplemented or otherwise modified from time to time, the “Merger Agreement”), and effective as of the closing of the transactions contemplated by the Merger Agreement (the “Closing”), pursuant to
which the Bancorp will be merged with and into Parent; and 
 WHEREAS, Executive and the Company are entering into this Amendatory
Agreement contemporaneously with the Merger Agreement; and 
 WHEREAS, in connection with the foregoing and subject to the occurrence
of the Closing, the Company has determined that it is in the best interests of the Company and its stockholders to enter into this Amendatory Agreement in order to induce Executive to continue employment with, and to provide further incentive for
Executive to achieve the financial and performance objectives of, the Company; and 
 WHEREAS, Section 16 of the Agreement
permits the Agreement to be amended by a writing executed by the parties thereto. 
 NOW, THEREFORE, in consideration of the promises
and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the parties hereby agree as follows: 

1. Section 1(c) of the Agreement is hereby amended and restated to read as follows: 

“Contract Period. “Contract Period” shall mean the period commencing the day immediately preceding a Change in Control
and ending February 7, 2024.” 
 2. Continuation of Agreement. Except as expressly set forth herein, this Amendatory
Agreement shall not by implication or otherwise alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Agreement, all of which are ratified and affirmed in all respects and shall
continue in full force and effect and shall be otherwise unaffected. 
 3. Governing Law. This Amendatory Agreement and the rights
and obligations hereunder shall be governed by and construed in accordance with the laws of the State of New Jersey. 
 4.
Counterparts. This Amendatory Agreement may be executed in any number of counterparts, each of which shall for all purposes be deemed an original, and all of which together shall constitute but one and the same instrument. 

5. Subject to Merger Agreement. Notwithstanding anything to the contrary contained herein, this Amendatory Agreement shall be subject
to the consummation of the Merger, and shall become effective as of the Effective Time as defined in the Merger Agreement. 
 [Signature
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 IN WITNESS WHEREOF, the Company has caused this Amendatory Agreement to be executed
and the Executive has hereunto set his hand, all as of the date first above written. 
  

	
	EXECUTIVE:
	
	 /s/ Ronald E. Schwarz

	Ronald E. Schwarz


  

			
	LAKELAND BANCORP, INC.
		
	By:	 	 /s/ Thomas J. Shara

		 	Thomas J. Shara, President and CEO
	
	LAKELAND BANK
		
	By:	 	 /s/ Thomas J. Shara

		 	Thomas J. Shara, President and CEO