Exhibit 10.4


 


[FORM OF]


EMPLOYMENT AGREEMENT


 


This Employment Agreement
(this “Agreement”) is dated this 9th day of October 2020, to be effective as of the Effective Date as defined
in Section 18 below, by and between [_______________________], a [_______] corporation (the “Company”), [_______________________],
a [_________] bank and a wholly owned subsidiary of the Company (the “Bank”), and [_________] (the “Executive”).


 


WHEREAS, Executive
is presently the [_______________________] of the Company and the Bank and is a party to a change in control employment agreement
with the Company, dated as of [______________] (the “Prior Agreement”); and


 


WHEREAS, Bridge
Bancorp, Inc. (“Bridge”) and the Company have entered into an Agreement and Plan of Merger, dated as of July 1, 2020
(the “Merger Agreement”), pursuant to which the Company shall merge with and into Bridge, with Bridge as the surviving
entity (the “Merger”); and


 


WHEREAS, pursuant
to the terms of the Merger Agreement, the parties desire to enter into this 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 the Bank; and


 


WHEREAS, pursuant
to the terms of the Merger Agreement, the name of Bridge Bancorp, Inc. will be changed to Dime Community Bancshares, Inc. and the
name of BNB Bank will be changed to Dime Community Bank; and accordingly, all references in this Agreement to Bridge Bancorp, Inc.
shall be replaced with Dime Community Bancshares, Inc. and all references in this Agreement to BNB Bank shall be replaced with
Dime Community Bank as of the Effective Date; and


 


WHEREAS, this
Agreement shall supersede and replace the Prior Agreement as of the Effective Date.


 


NOW, THEREFORE,
in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided, the parties
hereby agree as follows:


 


1.       Employment
Period.


 


(a)       Three
Year Contract; Annual Renewal. The term of this Agreement shall commence as of the Effective Date and shall continue thereafter
for a period of three (3) years (the “Employment Period”). Commencing on the first anniversary date of this Agreement
(the “Anniversary Date”) and continuing on each Anniversary Date thereafter, the term of this Agreement shall renew
for an additional year such that the remaining term of this Agreement is three (3) years unless the Company provides the Executive
written notice of non-renewal (“Non-Renewal Notice”) at least ninety (90) days before an Anniversary Date. If a Non-Renewal
Notice is timely delivered, this Agreement shall terminate at the end of the remaining term.





 






     


     


    

 


(b)       Annual
Performance Evaluation. On a calendar year basis, the Bank and/or the Company (acting through the full Board or a committee
thereof) shall conduct an annual performance evaluation of the Executive, no later than April 30th of the following calendar year,
the results of which shall be communicated to the Executive. The first such annual performance evaluation shall occur for the year
ended 2021.


 


(c)       Continued
Employment Following Termination of Employment Period. Nothing in this Agreement shall mandate or prohibit a continuation of
the Executive’s employment following the expiration of the Employment Period.


 


2.       Duties.


 


(a)       Title;
Responsibility. The Executive shall serve as the [_______________________] of the Company and the Bank, and shall perform such
administrative and management services as customarily performed by person in a similar executive capacity and as may be reasonably
assigned from time to time by the Chief Executive Officer of the Company and Bank and/or the Board of Directors of the Company
and/or Bank (the “Board”). In his capacity as [_______________________], the Executive shall report directly to the
Chief Executive Officer or his designee.


 


(b)       Time
Commitment. The Executive shall devote his full business time and attention to the business and affairs of the Company and
the Bank and shall use his best efforts to advance the interests of the Company and the Bank.


 


		3.	Annual Compensation.



 


(a)       Annual
Salary. In consideration for the services performed by the Executive under this Agreement, the Bank shall pay to the Executive
an annual salary (“Base Salary”) of not less than $[_________]. The Base Salary shall be paid in approximately equal
installments in accordance with the Bank’s customary payroll practices. The Bank shall review the Executive’s Base
Salary at least annually and such Base Salary may be increased, but may not be decreased without the Executive’s consent
(any increase in Base Salary shall become the new “Base Salary” for purposes of this Agreement). The first annual review
of the Executive’s Base Salary shall occur in 2021.


 


(b)       Incentive
Compensation. The Executive shall be eligible to participate in any incentive compensation programs established by the Bank
and/or the Company from time to time for senior executive officers, in accordance with the terms of such plans as they may exist
from time to time.


 


(c)       Annual
Equity Grant. The Company shall make an equity compensation grant to the Executive on an annual basis with a fair market
value equal to in an amount at least equal to [_________] percent ([__]%) of Base Salary as of the grant date, subject to
terms and conditions, including, but not limited to terms related to performance-based vesting, as shall be determined by the
Compensation Committee of the Board (the “Committee”) and set forth in a grant award agreement, including without
limitation vesting conditions (which may include performance-based vesting conditions). Additionally, the award
agreement’s provisions regarding vesting, dividends and other terms shall be consistent with the related equity plan as
in effect on the date of grant.


 






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(d)       Annual
Cash Bonus. The Bank shall provide the Executive an annual cash bonus opportunity in an amount at least equal to [_________]
percent ([__]%) of Base Salary at target, less required tax withholding, on an annual basis during the term of this Agreement (the
 “Annual Cash Bonus”), subject to terms and conditions, including performance conditions, as shall be determined by
the Committee. Each Annual Cash Bonus shall be paid to the Executive as a single lump sum cash payment (less required withholding)
as soon as practicable after the last day of the applicable bonus period, but in no event later than March 15th of the calendar
year following the year in which the last day of the performance period occurs (or as soon as administratively practicable thereafter).


 


(e)       For
purposes of Section 3(c), the number of restricted stock awards to be granted in accordance with such provisions shall be determined
by dividing the restricted stock award value by the closing price of the Company as of the date of grant as reported on The NASDAQ
Stock Market, LLC and without regard to any after-hours trading, and the number of stock options to be granted, if any, shall be
determined based on the Black-Scholes option-pricing model as of the date of grant.


 


		4.	Employee Benefit Plans; Paid Time Off



 


(a)       Benefit
Plans. During the Employment Period, the Executive shall be an employee of the Bank and shall be entitled to participate in
benefit plans sponsored and maintained by the Bank, including, but not limited to any: (i) tax-qualified retirement plans; (ii)
Supplemental Executive Retirement Plan approved by the Bank (to the extent it is being provided to similarly situated executives
of the Company); (iii) individual split-dollar life insurance policy benefit; (iv) group life, health and disability insurance
plans and (v) any other employee benefit plans and programs in accordance with the Bank’s customary practices, provided;
however, such participation shall be in accordance with the terms of such benefit plans and programs and, for purposes of this
Section 4(a), the Bank may amend, modify or reduce benefits provided under such benefit plans and programs provided the changes
apply to all similarly-situated participants on an equivalent basis.


 


(b)       Paid
Time Off. The Executive shall be entitled to no less than four (4) weeks of paid time off (“PTO”) each year during
the Employment Period (inclusive of vacation time, sick leave and other personal leave), as well as holidays and certain other
paid absences, in accordance with the Bank’s policies and procedures for executive employees. All unused accrued PTO will
be payable to Executive upon termination of employment.


 


(c)       Perquisite
Allowance. The Executive shall be paid an annual allowance of $[_________] in the form of a cash payment, in lieu of any perquisites.


 






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		5.	Outside Activities and Board Memberships



 


During the term of
this Agreement, the Executive shall not, directly or indirectly, provide services on behalf of any financial institution, any insurance
company or agency, any mortgage or loan broker or any other entity or on behalf of any subsidiary or affiliate of any such entity
engaged in the financial services industry, as an employee, consultant, independent contractor, agent, sole proprietor, partner,
joint venturer, corporate officer or director; nor shall the Executive acquire by reason of purchase during the term of this Agreement
the ownership of more than 5% of the outstanding equity interest in any such entity. Subject to the foregoing, and to the Executive’s
right to continue to serve as an officer and/or director or trustee of any business organization as to which he was so serving
on the Effective Date of this Agreement, the Executive may serve on boards of directors of unaffiliated, for-profit business corporations,
subject to Board approval, which shall not be unreasonably withheld, and such services shall be presumed for these purposes to
be for the benefit of the Bank and the Company. Except as specifically set forth herein, the Executive may engage in personal business
and investment activities, including real estate investments and personal investments in the stocks, securities and obligations
of other financial institutions (or their holding companies). Notwithstanding the foregoing, in no event shall the Executive’s
outside activities, services, personal business and investments materially interfere with the performance of his duties under this
Agreement.


 


		6.	Working Facilities and Expenses



 


(a)       Working
Facilities. The Executive’s principal place of employment shall be at the Bank’s office in [_________], New York.


 


(b)       Expenses.
The Bank or Company, as appropriate, shall reimburse the Executive for his ordinary and necessary business expenses, incurred in
connection with the performance of his duties under this Agreement, upon presentation to the Bank or Company of an itemized account
of such expenses in such form as the Bank or Company may reasonably require. Any such expense shall be reimbursed as soon as practicable
and no later than two and one-half months following the end of the year in which the expense was incurred, and the amount of expenses
eligible for reimbursement (and in-kind benefits provided to Executive) during any one year may not affect amounts reimbursable
or provided in any subsequent year.


 


		7.	Termination of Employment with Bank Liability



 


(a)       Reasons
for Termination. In the event that the Executive’s employment with the Bank and/or the Company shall terminate during
the Employment Period on account of any of the events set forth in Sections 7(a)(i) or 7(a)(ii) below (an “Event of Termination”),
the Bank shall provide the benefits and pay to the Executive the amounts provided for under Section 7(b) or Section 7(c), as applicable:


 


(i)       The
Executive’s voluntary resignation from employment with the Bank and the Company during the term of this Agreement due
to the occurrence of any of the following events without Executive’s consent, such that the Executive’s
resignation shall be treated as a resignation for “Good Reason,” provided that for purposes of this Section
7(a)(i), the Executive must provide not greater than ninety (90) days’ written notice to the Bank and the Company of
the initial existence of such condition and the Bank and the Company shall have thirty (30) days to cure the condition giving
rise to the Event of Termination (but the Bank and the Company may elect to waive such thirty (30) day period):


 






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(A)       a
material diminution in Executive’s duties or responsibilities, including the failure to re-appoint the Executive to the officer
position set forth under Section 2(a);


 


(B)       a
reduction in Executive’s Base Salary or a decrease in the minimum grant and bonus opportunity percentages as set forth in
Sections 3(c) and 3(d) or the failure of the Bank or Company to maintain Executive’s participation under the Bank’s
employee benefit, retirement, or material fringe benefit plans, policies, practices, or arrangements in which Executive participates.
Notwithstanding the foregoing, the Bank or Company may eliminate and/or modify existing employee benefit, retirement, or fringe
benefit plans and coverage levels on a consistent and non-discriminatory basis applicable to all such executives;


 


(C)       a
liquidation or dissolution of the Bank or the Company other than a liquidation or dissolution that is caused by a reorganization
that does not affect the status of the Executive;


 


(D)       a
material breach of this Agreement by the Bank and/or the Company; or


 


(E)       the
relocation of Executive’s principal place of employment to an office other than one located in Section 6(a) of this Agreement
and which results in an increase in Executive’s commute by twenty-five (25) miles or more or which is located outside the
State of New York.


 


(ii)       the
involuntary termination of the Executive’s employment by the Bank and/or the Company for any reason other than: for “Cause”
as defined in Section 8(a); for “Disability” as set forth in Section 7(d) below; in connection with a Change in Control,
as set forth in Section 7(c) below; or as a result of the death of the Executive; provided that such involuntary termination of
employment constitutes a “Separation from Service” within the meaning of Section 409A of the U.S. Internal Revenue
Code of 1986 (“Section 409A”) and the Treasury regulations promulgated thereunder.


 


 


(b)       Severance
Pay. Upon an Event of Termination, the Bank or Company shall pay to the Executive (or, in the event of the Executive’s
death after the event described in Section 7(a) has occurred, the Bank or Company shall pay to the Executive’s surviving
spouse, beneficiary or estate) an amount equal to the following:


 






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(i)                 the
sum of (1) the Executive’s earned but unpaid Base Salary, the Executive’s business expenses that have not been
reimbursed by the Company or the Bank, the Executive’s Annual Cash Bonus for the fiscal year immediately preceding the
fiscal year in which the Event of Termination occurs (the “Recent Bonus”) if such bonus has not been paid as of
the date of the Event of Termination, and any accrued vacation pay if such amounts have not been paid as of the Event of
Termination (the “Accrued Obligations”), and (2) an amount equal to the product of (x) the Recent Bonus and
(y) a fraction, the numerator of which is the number of days in the current fiscal year through the date of termination,
and the denominator of which is 365 (the “Pro Rata Bonus”); provided, that notwithstanding the foregoing,
if Executive has made an irrevocable election under any deferred compensation arrangement subject to Section 409A of the
Internal Revenue Code of 1986 (the “Code”) to defer any portion of the Base Salary or the Annual Cash Bonus
described in this clause, then for purposes of this Section 7(b)(i), such election shall remain effective and such portion
shall not be considered as part of the “Accrued Obligations” but shall instead be an “Other Benefit”
(as defined below); and


 


(A)            
the amount equal to the product of (1) three and (2) the sum of (x) Executive’s Base Salary and (y) the
Recent Bonus;


 


(B)             
an amount equal to Company and its affiliates contributions under the tax-qualified defined contribution plan and any excess
or supplemental defined contribution plans sponsored by the Company or its affiliates, in which Executive participates as of immediately
prior to the date of termination (or, if more favorable to Executive, the plans as in effect immediately prior to the Effective
Date) (collectively, the “Savings Plans”) that Executive would receive if Executive’s employment continued for
the three-year period following the date of termination (the “Benefits Period”), assuming for this purpose that (A)
Executive is fully vested in the right to receive employer contributions under such plans; (B) Executive’s compensation
during each year of the Benefits Period is equal to the Base Salary and the Recent Bonus, and such amounts are paid in equal installments
ratably over each year of the Benefits Period; (C) Executive received an annual bonus with respect to the year in which the date
of termination occurs equal to the Pro Rata Bonus, only if a contribution in respect of the compensation described in this clause
(C) has not already been credited to Executive under the Savings Plans; (D) the amount of any such employer contributions is equal
to the maximum amount that could be provided under the terms of the applicable Savings Plans for the year in which the date of
termination occurs (or, if more favorable to Executive, or in the event that as of the date of termination the amount of any such
contributions for such year is not determinable, the amount of contribution that could be provided under the Savings Plans for
the plan year ending immediately prior to the Effective Date) for a participant whose compensation is as provided in clauses (B)
and (C) above; and (E) to the extent that the employer contributions are determined based on the contributions or deferrals of
Executive, disregarding Executive’s actual contributions or deferral elections as of the date of termination and assuming
that Executive had elected to participate in the Savings Plans and to defer that percentage of Base Salary and/or annual bonus
under the Savings Plans that would result in the maximum possible employer contribution;


 


(C)              an
amount equal to the product of (A) the sum of (x) 150% of the monthly premiums for coverage under the Company’s or and
its Affiliates health care plans for purposes of continuation coverage under Section 4980B of the Code with respect to the
maximum level of coverage in effect for Executive and his or her spouse and dependents as of immediately prior to the date of
termination, and (y) 150% of the monthly premium for coverage (based on the rate paid by the Company and its Affiliates for
active employees) under the life insurance plans of the Company and its Affiliates, in each case, based on the plans and at
the levels of participation in which Executive participates as of immediately prior to the date of termination (or, if more
favorable to Executive, the plans as in effect immediately prior to the Effective Date), and (B) the number of months in the
Benefits Period;


 






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(ii)             
the Company shall, at its sole expense as incurred, provide Executive with outplacement services the scope and provider
of which shall be selected by the Company prior to the Effective Date; provided, further, that such outplacement
benefits shall end not later than the last day of the second calendar year that begins after the date of termination; and


 


(iii)           
if the Executive receives payments and benefits pursuant to Section 7(b) of this Agreement, Executive shall not be entitled
to any duplicative severance pay or duplicative benefits under any severance plan, program or policy of the Company and its Affiliates,
unless otherwise specifically provided therein in a specific reference to this Agreement, and to the extent not theretofore paid
or provided, the Company shall timely pay or provide to Executive any other amounts or benefits required to be paid or provided
or that Executive is eligible to receive under any plan, program, policy or practice or contract or agreement of the Company and
its Affiliates (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits”) in accordance
with the terms of the underlying plans or agreements. Without limiting the generality of the foregoing, Executive shall be entitled
to all rights and benefits set forth in the plans and agreements governing Executive’s outstanding equity awards.


 


(c)       Change
in Control. If within the period ending two years after a Change in Control (as defined in Section 9 of this Agreement), (i)
the Bank and/or the Company terminates the Executive’s employment without Cause, or (ii) the Executive voluntarily terminates
his employment with Good Reason, the Company and/or the Bank shall pay the Executive within ten (10) business days following the
Event of Termination the following:


 


(i)                
the sum of (1) the Accrued Obligations, and (2) an amount equal to the product of (x) the Recent Bonus and (y) a
fraction, the numerator of which is the number of days in the current fiscal year through the date of termination, and the denominator
of which is 365 (the “Pro Rata Bonus”); provided, that notwithstanding the foregoing, if Executive has made
an irrevocable election under any deferred compensation arrangement subject to Section 409A of the Code to defer any portion of
the Base Salary or the Annual Cash Bonus described in this clause, then for purposes of this Section 7(c)(i), such election shall
remain effective and such portion shall not be considered as part of the “Accrued Obligations” but shall instead be
an “Other Benefit” (as defined below); and


 


(A)               the amount equal to the product of (1) three and (2) the sum of (x) Executive’s Base Salary and (y) the
greater of the Annual Cash Bonus (at target) in the year of a Change in Control or the average of the Annual Cash Bonus earned
by Executive during the three years prior to a Change in Control (including the full value of the Annual Cash Bonus, whether payable
in cash or another form);


 






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(B)                an
amount equal to Company and its affiliates contributions under the tax-qualified defined contribution plan and any excess or
supplemental defined contribution plans sponsored by the Company or its affiliates, in which Executive participates as of
immediately prior to the date of termination (or, if more favorable to Executive, the plans as in effect immediately prior to
the Effective Date) (collectively, the “Savings Plans”) that Executive would receive if Executive’s
employment continued for the three-year period following the date of termination (the “Benefits Period”),
assuming for this purpose that (A) Executive is fully vested in the right to receive employer contributions under such plans;
(B) Executive’s compensation during each year of the Benefits Period is equal to the Base Salary and the Recent
Bonus, and such amounts are paid in equal installments ratably over each year of the Benefits Period; (C) Executive received
an annual bonus with respect to the year in which the date of termination occurs equal to the Pro Rata Bonus, only if a
contribution in respect of the compensation described in this clause (C) has not already been credited to Executive under the
Savings Plans; (D) the amount of any such employer contributions is equal to the maximum amount that could be provided under
the terms of the applicable Savings Plans for the year in which the date of termination occurs (or, if more favorable to
Executive, or in the event that as of the date of termination the amount of any such contributions for such year is not
determinable, the amount of contribution that could be provided under the Savings Plans for the plan year ending immediately
prior to the Effective Date) for a participant whose compensation is as provided in clauses (B) and (C) above; and (E) to the
extent that the employer contributions are determined based on the contributions or deferrals of Executive, disregarding
Executive’s actual contributions or deferral elections as of the date of termination and assuming that Executive had
elected to participate in the Savings Plans and to defer that percentage of Base Salary and/or annual bonus under the Savings
Plans that would result in the maximum possible employer contribution;


 


(C)                an amount equal to the product of (A) the sum of (x) 150% of the monthly premiums for coverage under the Company’s
or and its Affiliates health care plans for purposes of continuation coverage under Section 4980B of the Code with respect to the
maximum level of coverage in effect for Executive and his or her spouse and dependents as of immediately prior to the date of termination,
and (y) 150% of the monthly premium for coverage (based on the rate paid by the Company and its Affiliates for active employees)
under the life insurance plans of the Company and its Affiliates, in each case, based on the plans and at the levels of participation
in which Executive participates as of immediately prior to the date of termination (or, if more favorable to Executive, the plans
as in effect immediately prior to the Effective Date), and (B) the number of months in the Benefits Period;


 


(ii)             
the Company shall, at its sole expense as incurred, provide Executive with outplacement services the scope and provider
of which shall be selected by the Company prior to the Effective Date; provided, further, that such outplacement
benefits shall end not later than the last day of the second calendar year that begins after the date of termination; and


 


(iii)           
if the Executive receives payments and benefits pursuant to this Section 7(c) of this Agreement, Executive shall not be
entitled to any duplicative severance pay or duplicative benefits under any severance plan, program or policy of the Company and
its Affiliates, unless otherwise specifically provided therein in a specific reference to this Agreement, To the extent not theretofore
paid or provided, the Company shall timely pay or provide to Executive any other amounts or benefits required to be paid or provided
or that Executive is eligible to receive under any plan, program, policy or practice or contract or agreement of the Company and
its Affiliates (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits”) in accordance
with the terms of the underlying plans or agreements. Without limiting the generality of the foregoing, Executive shall be entitled
to all rights and benefits set forth in the plans and agreements governing Executive’s outstanding equity awards.


 






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(iv)            
 if a Change in Control occurs within twenty-four (24) months after the Effective Date, the above payments in this Section
7(c) shall be reduced (but not below zero) by the value (determined as of the date of vesting) of any portion of the One-Time Equity
Grant specified under Section 3(C) of the Retention and Award Agreement between the Executive and the Company, dated as of October
9, 2020, that vests as a result of such Change in Control (the “Offset”).


 


(d)        Termination
due to Death or Disability. In the case of a termination of Executive’s employment due to death or disability, within
the meaning of Code Section 409A and the Treasury regulations thereunder (a “Disability”), the Executive shall be entitled
to the following from the Bank: (a) benefits under any applicable short-term and/or long-term disability insurance plan, (b) the
Accrued Obligations, (c) an amount equal to the product of the most recent annual cash bonus multiplied by a fraction, with the
numerator equal to the number of days in the current fiscal year through the date of termination due to death or Disability and
the denominator equal to 365, (c) any unvested restricted stock awards subject to time-based vesting shall become fully and immediately
vested, and the payment or delivery of such awards or benefits shall be accelerated to the extent permitted by Section 409A or
other applicable law and the terms of such plan or arrangement, and (d) any unvested performance stock awards shall become fully
and immediately vested and pro-rated based on actual performance and if actual performance is not determinable, at target, and
the payment or delivery of such awards or benefits shall be accelerated to the extent permitted by Section 409A or other applicable
law and the terms of such plan or arrangement.


 


(e)       Timing
of Severance Pay. Any cash payments pursuant to this Section 7 shall be made in a lump sum within ten (10) business days following
the Event of Termination less applicable withholding taxes. Such payments shall not be reduced in the event the Executive obtains
other employment following termination of employment with the Bank or following a Change in Control. Notwithstanding anything herein
to the contrary, if Executive is a Specified Employee, as defined in Code Section 409A, and if any payment to be made under Section
7 shall be determined to be subject to Code Section 409A, then if required by Code Section 409A, such payment or a portion of such
payment (to the minimum extent possible) shall be delayed and shall be paid on the first day of the seventh month following Executive’s
Separation from Service pursuant to Treasury regulation Section 1.409A-1(b)(9)(iii).


 


(f)       Release
Agreement. Notwithstanding anything in this Agreement to the contrary, the payments and benefits under this Section 7, but
excluding Section 7(c) and excluding the Accrued Obligations, shall be paid to Executive within ten (10) business days following
the Event of Termination, or if later, following the seventh (7th) day after Executive executes a release of his claims against
the Company, Bank, its officers, directors, successors and assigns, in a form satisfactory to the Company and the Bank (the “Release”).
The Release must be executed and become irrevocable by the 60th day following the Event of Termination, provided that if the 60-day
period spans two (2) calendar years, then, to the extent necessary to comply with Section 409A of the Code, the payments under
Section 7 shall be paid, or commence, in the second calendar year. The payments due under Section 7 (other than any Accrued Obligations
and the payments under Section 7(c)) are subject to Executive’s execution of the Release.


 






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8.       Termination
without Additional Bank or Company Liability


 


(a)       Termination
for Cause.


 


(i)       The
Bank and/or the Company may terminate the Executive’s employment at any time, but any termination other than termination
for “Cause,” as defined herein, shall not prejudice the Executive’s right to compensation or other benefits under
the Agreement. The Executive shall have no right to receive compensation or other benefits for any period after termination for
 “Cause.” Termination for “Cause” shall mean termination because of: (i) the conviction of the Executive
of a felony or of any lesser criminal offense involving moral turpitude (other than for traffic violations); (ii) the willful commission
by the Executive of a criminal or other act that, in the judgment of the Board or the President and Chief Executive Officer will
likely cause substantial economic damage to the Company, the Bank or any subsidiary or substantial injury to the business reputation
of the Company, the Bank or any subsidiary; (iii) the commission by the Executive of an act of fraud in the performance of his
duties on behalf of the Company, the Bank or any subsidiary; (iv) the continuing willful failure of the Executive to perform his
duties to the Company, the Bank or any subsidiary (other than any such failure resulting from the Executive’s incapacity
due to physical or mental illness or Executive’s declining to perform any assigned duties to the extent such assignment or
duties would constitute a violation of law) after written notice thereof; (v) a material breach by the Executive of the Bank’s
or Company’s Code of Ethics; or (vi) an order of a federal or state regulatory agency or a court of competent jurisdiction
requiring the termination of the Executive’s employment with the Bank or the Company.


 


(ii)       Executive
shall not have the right to receive compensation or other benefits for any period after the date of Termination for Cause. Notwithstanding
the foregoing, Termination for Cause shall not be deemed to exist unless there shall have been delivered to the Executive a copy
of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board at a meeting
of the Board called and held for the purpose (after reasonable notice to the Executive and an opportunity for the Executive to
be heard before the Board), finding that in the good faith opinion of the Board the Executive was guilty of conduct described above
and specifying the particulars thereof. Prior to holding a meeting at which the Board is to make a final determination whether
Termination for Cause exists, if the Board determines in good faith at a meeting of the Board, by not less than a majority of its
entire membership, that there is probable cause for it to find that the Executive was guilty of conduct constituting Termination
for Cause as described above, the Board may suspend the Executive from his/her duties hereunder for a reasonable period of time
not to exceed fourteen (14) days pending a further meeting at which the Executive shall be given the opportunity to be heard before
the Board. For purposes of this subparagraph, no act or failure to act, on the Executive’s part shall be considered “willful”
unless done, or omitted to be done, by his/her not in good faith without reasonable belief that his/her action or omission was
in the best interest of the Company and the Bank.


 


(b)       Voluntary
Resignation Without Good Reason. In the event that the Executive’s employment with the Bank and Company shall
terminate during the Employment Period on account of the Executive’s voluntary resignation from employment with the
Bank for any reason other than “Good Reason” as defined in Section 7(a)(i), Disability or death, then the Bank
and Company shall have no further obligations under this Agreement, other than the payment to the Executive of the Accrued
Obligations, and the provision of such benefits, if any, to which he is entitled as a former employee under the Bank’s
or Company’s employee benefit plans and programs and compensation plans and programs, including without limitation, any
incentive compensation plan.


 






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9.       Change
in Control


 


For purposes of this
Agreement, the term “Change in Control” shall mean (i) a change in the ownership of the Bank or the Company, (ii) a
change in the effective control of the Bank or Company, or (iii) a change in the ownership of a substantial portion of the assets
of the Bank or Company, in each instance as described below.


 


(A)       A
change in ownership occurs on the date that any one person, or more than one person acting as a group (as defined in Treasury regulation
section 1.409A-3(i)(5)(v)(B)), acquires ownership of stock of the Bank or Company that, together with stock held by such person
or group, constitutes more than 50% of the total fair market value or total voting power of the stock of such corporation.


 


(B)       A
change in the effective control of the Bank or Company occurs on the date that either (i) any one person, or more than one person
acting as a group (as defined in Treasury regulation section 1.409A-3(i)(5)(v)(B)) acquires (or has acquired during the 12-month
period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Bank or Company possessing
30% or more of the total voting power of the stock of the Bank or Company, or (ii) a majority of the members of the Bank’s
or Company’s board of directors is replaced during any 12-month period by directors whose appointment or election is not
endorsed by a majority of the members of the Bank’s or Company’s board of directors prior to the date of the appointment
or election, provided that this sub-section “(ii)” is inapplicable where a majority shareholder of the Bank or Company
is another corporation.


 


(C)       A
change in a substantial portion of the Bank’s or Company’s assets occurs on the date that any one person or more than
one person acting as a group (as defined in Treasury regulation section 1.409A-3(i)(5)(vii)(C)) acquires (or has acquired during
the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Bank or Company
that have a total gross fair market value equal to or more than 40% of the total gross fair market value of (i) all of the assets
of the Bank or Company, or (ii) the value of the assets being disposed of, either of which is determined without regard to any
liabilities associated with such assets. For all purposes hereunder, the definition of Change in Control shall be construed to
be consistent with the requirements of Treasury regulation section 1.409A-3(g)(5).


 


For the avoidance of
doubt, the Merger shall not be considered a Change in Control for purposes of this Agreement.


 






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10.       Confidentiality.
Unless the Executive obtains prior written consent from the Bank or the Company, the Executive shall keep confidential and
shall refrain from using for the benefit of himself, or any person or entity other than the Bank, the Company or any entity
which is a subsidiary or affiliate of the Bank or the Company or of which the Bank or the Company is a subsidiary or
affiliate, any material document or information obtained from the Bank, the Company or from any of their respective parents,
subsidiaries or affiliates, in the course of his employment with any of them concerning their properties, operations or
business (unless such document or information is readily ascertainable from public or published information or trade sources
or has otherwise been made available to the public through no fault of his own) until the same ceases to be material (or
becomes so ascertainable or available); provided, however, that nothing in this Section 10 shall prevent the Executive, with
or without the Bank’s or the Company’s consent, from participating in or disclosing documents or information in
connection with any judicial or administrative investigation, inquiry or proceeding to the extent that such participation or
disclosure is required under applicable law.


 


11.       Non-Solicitation;
Non-Competition; Post-Termination Cooperation; Non-Disparagement.


 


(a)       The
Executive hereby covenants and agrees that, for a period of one year following his termination of employment with the Bank and
Company, he shall not, without the written consent of the Bank and Company, either directly or indirectly:


 


(i)       solicit,
offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect)
to have the effect of causing any officer or employee of the Bank, the Company or any of their respective subsidiaries or affiliates
to terminate his or her employment and accept employment or become affiliated with, or provide services for compensation in any
capacity whatsoever to, any business whatsoever that competes with the business of the Bank or the Company or any of their direct
or indirect subsidiaries or affiliates or has headquarters or offices within the counties in which the Bank or the Company has
business operations or has filed an application for regulatory approval to establish an office; provided, however, that this subsection
(i) shall not prohibit general solicitations in any medium not specifically directed at officers or employees of the Bank, the
Company or their respective subsidiaries or affiliates; or


 


(ii)       solicit,
provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like
circumstances would expect) to have the effect of causing any customer of the Bank or the Company located in the New York Counties
of Kings, Queens, Nassau or Suffolk, or otherwise within a seventy-five (75) mile radius of Times Square, New York, to terminate
an existing business or commercial relationship with the Bank or the Company.


 


(b)       The
Executive hereby covenants and agrees that following any termination of employment, he shall not, without the written consent of
the Bank and Company, either directly or indirectly: become an officer, employee, consultant, director, independent contractor,
agent, sole proprietor, joint venturer, greater than 5% equity-owner or stockholder, partner or trustee of any savings bank, savings
and loan association, savings and loan holding company, credit union, bank or bank holding company, insurance company or agency,
any mortgage or loan broker or any other entity that has its headquarters in the New York counties of Nassau, Suffolk, Kings and
Queens. This restriction shall apply for one year following termination.


 






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(c)       Executive
shall, upon reasonable notice, furnish such information and assistance to the Bank and/or the Company, as may reasonably be required
by the Bank and/or the Company, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may
become, a party; provided, however, that Executive shall not be required to provide information or assistance with respect to any
litigation between the Executive and the Bank, the Company or any of its subsidiaries or affiliates. Any assistance under this
Section 11(c) shall not unreasonably interfere with Executive’s personal or business affairs. The Company or the Bank shall
reimburse Executive for all reasonable out-of-pocket expenses incurred by Executive in fulfilling the obligations of this Section
11(c). To the extent Executive’s cooperation is requested at any point following the Employment Period, the Company will
pay Executive a reasonable hourly or per diem fee (calculated based on Executive’s most recent Base Salary under this Agreement)
for Executive’s services that exceed either two (2) hours in a calendar month or five (5) hours in a calendar year.


 


(d)       Executive
agrees not to disparage or defame in any manner, whether directly or indirectly, the Company, the Bank, or their affiliates, officers,
directors, owners, representatives, employees, products or services, and the Company and the Bank agree not to disparage or defame
in any manner, whether directly or indirectly, the Executive, in each case at any time during the Employment Period or at any time
following termination of employment.


 


(e)       All
payments and benefits to the Executive under this Agreement shall be subject to the Executive’s compliance with this Section.
The parties hereto, recognizing that irreparable injury will result to the Bank, its business and property in the event of the
Executive’s breach of this Section 11, agree that, in the event of any such breach by the Executive, the Bank and/or the
Company will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof
by the Executive and all persons acting for or with the Executive. The Executive represents and admits that the Executive’s
experience and capabilities are such that the Executive can obtain employment in a business engaged in other lines and/or of a
different nature than the Bank, and that the enforcement of a remedy by way of injunction will not prevent the Executive from earning
a livelihood. Nothing herein will be construed as prohibiting the Bank and the Company from pursuing any other remedies available
to them for such breach or threatened breach, including the recovery of damages from the Executive.


 


(f)       Notwithstanding
the foregoing, if the Executive’s employment is terminated following a Change in Control, the period of time that the non-solicitation
and non-competition restrictions set forth in this Section 11(a) and Section 11(b) shall apply following such termination of employment
shall be governed by Section 20 of this Agreement.


 


12.       Regulatory
Requirements


 


(a)       Notwithstanding
anything herein contained to the contrary, any payments to Executive by the Bank and/or the Company, whether pursuant to this Agreement
or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C.
Section 1828(k), and the regulations promulgated thereunder in 12 C.F.R. Part 359.


 






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(b)       Notwithstanding
any other provision in this Agreement, (i) the Bank or the Company may terminate or suspend this Agreement and the employment of
the Executive hereunder, as if such termination were a Termination for Cause under Section 8(a) hereof, to the extent required
by federal or state laws or regulations related to banking, to deposit insurance or bank holding companies or by regulations or
orders issued by the Comptroller of the Currency, the Federal Deposit Insurance Corporation or the Board of Governors of the Federal
Reserve System and (ii) no payment shall be required to be made to Executive under this Agreement to the extent such payment is
prohibited by applicable law regulation or order issued by a banking agency or a court of competent jurisdiction; provided, that
it shall be the Bank’s or the Company’s burden to prove that any such action was so required.


 


13.       Arbitration;
Legal Fees.


 


(a)        Arbitration.
In the event that any dispute should arise between the parties as to the meaning, effect, performance, enforcement, or other issue
in connection with this Agreement, which dispute cannot be resolved by the parties, the dispute shall be decided by final and binding
arbitration of a panel of three arbitrators. Proceedings in arbitration and its conduct shall be governed by the rules of the American
Arbitration Association (“AAA”) applicable to commercial arbitrations (the “Rules”) except as modified
by this Section. The Executive shall appoint one arbitrator, the Bank shall appoint one arbitrator, and the third shall be appointed
by the two arbitrators appointed by the parties. The third arbitrator shall be impartial and shall serve as chairman of the panel.
The parties shall appoint their arbitrators within thirty (30) days after the demand for arbitration is served, failing which the
AAA promptly shall appoint a defaulting party’s arbitrator, and the two arbitrators shall select the third arbitrator within
fifteen (15) days after their appointment, or if they cannot agree or fail to so appoint, then the AAA promptly shall appoint the
third arbitrator. The arbitrators shall render their decision in writing within thirty (30) days after the close of evidence or
other termination of the proceedings by the panel, and the decision of a majority of the arbitrators shall be final and binding
upon the parties, nonappealable, except in accordance with the Rules and enforceable in accordance with the applicable state law.
Any hearings in the arbitration shall be held in Suffolk County, New York unless the parties shall agree upon a different venue,
and shall be private and not open to the public. Each party shall bear the fees and expenses of its arbitrator, counsel, and witnesses,
and the fees and expenses of the third arbitrator shall be shared equally by the parties. The other costs of the arbitration, including
the fees of AAA, shall be borne as directed in the decision of the panel.


 


(b)       Legal
Fees and Other Expenses. If the Executive is successful on the merits of the dispute, as determined in the arbitration, all
legal fees and such other expenses as reasonably incurred by the Executive as a result of or in connection with or arising out
of the dispute, shall be paid by the Bank and/or the Company, provided that such payment or reimbursement is made by the Bank not
later than two and one-half months after the end of the year in which such dispute is resolved in Executive’s favor.


 


14.       Indemnification
and Insurance.The Bank and/or the Company shall provide the Executive (including his heirs, executors and
administrators) with coverage under a standard directors’ and officers’ liability insurance policy at its
expense, and shall indemnify Executive (and his heirs, executors and administrators) to the fullest extent permitted under
applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any
action, suit or proceeding in which he may be involved by reason of his having been an officer of the Bank and/or the Company
(whether or not he continues to be an officer at the time of incurring such expenses or liabilities), such expenses and
liabilities to include, but not be limited to, judgments, court costs and attorneys’ fees and the cost of reasonable
settlements (such settlements must be approved by the Board); provided, however, that neither the Bank nor the Company shall
be required to indemnify or reimburse Executive for legal expenses or liabilities incurred in connection with an action, suit
or proceeding arising from any illegal or fraudulent act committed by Executive. Any such indemnification shall be made
consistent with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. §1828(k), and the regulations issued
thereunder in 12 C.F.R. Part 359.


 






    14


     


    

 


15.       Notices.
The persons or addresses to which mailings or deliveries shall be made may change from time to time by notice given pursuant to
the provisions of this Section. Any notice or other communication given pursuant to the provisions of this Section shall be deemed
to have been given (i) if sent by messenger, upon personal delivery to the party to whom the notice is directed; (ii) if sent by
reputable overnight courier, one business day after delivery to such courier; (iii) if sent by facsimile, upon electronic or telephonic
confirmation of receipt from the receiving facsimile machine and (iv) if sent by mail, three business days following deposit in
the United States mail, properly addressed, postage prepaid, certified or registered mail with return receipt requested. All notices
required or permitted to be given hereunder shall be addressed as follows:


 


	 	If to the Executive:	                                      
	 	 	At the last address
	 	 	On file
	 	 	 
	 	If to the Company	 
	 	and the Bank:	BNB Bank
	 	 	898 Veterans Memorial Highway, Suite 560
	 	 	Hauppauge, New York 11788 
	 	 	Attention: Chief
    Executive Officer
	 	 	 
	 	With copies to:	 
	 	 	 
	 	 	BNB Bank
	 	 	898 Veterans Memorial Highway, Suite 560
	 	 	Hauppauge, New York 11788
	 	 	Attention: General Counsel
	 	 	 
	 	 	Luse Gorman, PC
	 	 	5335 Wisconsin Avenue, NW, Suite 780
	 	 	Washington, DC 20015
	 	 	Attention: John J. Gorman, Esq.




 


16.       Amendment.
No modifications of this Agreement shall be valid unless made in writing and signed by the parties hereto.





 






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17.       Miscellaneous.


 


(a)        Notice
of Termination. Any termination of Executive’s employment by the Bank and/or the Company shall be communicated in writing
to the Executive, and any voluntary termination of employment by the Executive shall be communicated in writing to the Bank and/or
the Company.


 


(b)       Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the Executive, his legal representatives and
estate and intestate distributees, and the Company and the Bank, their successors and assigns, including any successor by merger
or consolidation or a statutory receiver or any other person or firm or corporation to which all or substantially all of the assets
and business of the Bank or the Company may be sold or otherwise transferred. Any such successor of the Bank or the Company shall
be deemed to have assumed this Agreement and to have become obligated hereunder to the same extent as the Company and Bank, and
the Executive’s obligations hereunder shall continue in favor of such successor.


 


(c)        Severability.
A determination that any provision of this Agreement is invalid or unenforceable shall not affect the validity or enforceability
of any other provision hereof.


 


(d)       Waiver.
Failure to insist upon strict compliance with any terms, covenants or conditions hereof shall not be deemed a waiver of such term,
covenant or condition. A waiver of any provision of this Agreement must be made in writing, designated as a waiver, and signed
by the party against whom its enforcement is sought. Any waiver or relinquishment or any right or power hereunder at any one or
more times shall not be deemed a waiver or relinquishment of such right or power at any other time or times.


 


(e)        Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, and all of which shall constitute
one and the same Agreement.


 


(f)        Governing
Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without
reference to conflicts of law principles, except to the extent governed by federal law in which case federal law shall govern.


 


(g)       Headings
and Construction. The headings of sections in this Agreement are for convenience of reference only and are not intended to
qualify the meaning of any Section. Any reference to a Section number shall refer to a Section of this Agreement, unless otherwise
specified.


 


(h)       Entire
Agreement. This instrument contains the entire agreement of the parties relating to the subject matter hereof, and supersedes
in its entirety any and all prior agreements, understandings or representations relating to the subject matter hereof, including
the Prior Agreement.


 









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(i)        Source
of Payments. All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank.
The Company, however, unconditionally guarantees payment and provision of all amounts and benefits due hereunder to Executive and,
if such amounts and benefits are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by
the Company.


 


18.       Effective
Date and Termination of Prior Agreement.


 


(a)        Effective
Date. Notwithstanding anything to the contrary contained herein, this 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 (which for purposes of this Agreement
shall be referred to as the “Effective Date”). In the event the Merger Agreement is terminated for any reason, or in
the event Executive fails to become an employee of the Company and the Bank as of the Effective Date, this Agreement shall automatically
terminate and become null and void.


 


(b)       Termination
of Prior Agreement and Waiver of Good Reason under Prior Agreement. The Prior Agreement shall remain in full force and effect
until the Effective Date. On the Effective Date, Executive, the Company and the Bank hereby agree that the Prior Agreement shall
be terminated without any further action of any of the parties hereto or thereto. Executive hereby acknowledges and agrees that
Executive has no contractual rights to any payments or benefits under the Prior Agreement as of the Effective Date, including,
but not limited to, any severance benefits resulting from a termination for Good Reason (as defined under the Prior Agreement).


 


19.       Section
409A. It is the intention of the parties that the benefits and rights to which Executive could be entitled pursuant
to this Agreement be exempt from or comply with Section 409A, and the provisions of this Agreement shall be construed in a manner
consistent with that intent and the requirements for avoiding taxes or penalties under Section 409A. If either party believes,
at any time, that any such benefit or right that is subject to Section 409A does not so comply, it shall promptly advise the other
parties and all parties shall negotiate reasonably and in good faith to amend or clarify the terms of such benefits and rights
such that they do not violate Section 409A (with the intent and effect of avoiding any adverse economic effect for Executive).
No party, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance
with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the
earliest date on which it may be paid without violating Section 409A. If and to the extent required to comply with Section 409A,
no payment or benefit required to be paid under this Agreement on account of termination of Executive’s employment shall
be made unless and until Executive incurs a “Separation from Service” within the meaning of Section 409A and, for
purposes of any such provision of this Agreement, references to a “termination,” “termination of employment,”
 “separation from service” or like terms shall mean Separation from Service. For purposes of applying the provisions
of Section 409A to this Agreement, each amount to be paid or benefit to be provided to Executive pursuant to this Agreement, and
each individual installment in a series of payments, shall be construed as a separate identified payment for purposes of Section
409A, and any payments described in this Agreement that are due within the “short term deferral period” as defined
in Section 409A shall not be treated as deferred compensation unless applicable law requires otherwise.


 






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20.       Tax
Matters. 


 


(a)        If the Executive’s employment is terminated following a Change in Control, the non-competition and non-solicitation
restrictions set forth in Sections 11(a) and 11(b) of this Agreement shall apply for the period of time mutually agreed to by the
parties, and in no event shall the time period be less than six months or exceed two years. The Company, the Bank and the Executive
hereby recognize that: (i) the non-solicitation restriction and non-competition restriction under Sections 11(a) and 11(b) have
value, and (ii) the value shall be recognized in any calculations the Company, the Bank and the Executive perform with respect
to determining the affect, if any, of the parachute payment provisions of Section 280G of the Code (“Section 280G”),
by allocating a portion of any payments, benefits or distributions in the nature of compensation (within the meaning of Section
280G(b)(2)), including the payments under Sections 7(c)(i)(A) and 7(c)(i)(B) of this Agreement, to the fair value of the non-solicitation
and non-competition restriction under Sections 11(a) and 11(b) of this Agreement (the “Appraised Value”).  The
Company and the Bank, at the Bank’s expense, shall obtain an independent appraisal to determine the Appraised Value no later
than forty-five (45) days after entering into an agreement, that if completed, would constitute a Change in Control as defined
in Section 7(c). The Appraised Value will be considered reasonable compensation for post change in control services within the
meaning of Q&A-40 of the regulations under Section 280G; and accordingly, any aggregate parachute payments, as defined in Section
280G, will be reduced by the Appraised Value.


 


(b)       After
taking into account the Appraised Value, in the event the receipt of all payments, benefits or distributions in the nature of
compensation (within the meaning of Section 280G(b)(2)), whether paid or payable pursuant to Section 7(c) of this Agreement or
otherwise (the “Change in Control Benefits”) would subject the Executive to an excise tax imposed by Code Sections
280G and 4999, then the payments and/or benefits payable under this Agreement (the “Payments”) shall be reduced by
the minimum amount necessary so that no portion of the Payments under this Agreement are non-deductible to the Bank pursuant to
Code Section 280G and subject to the excise tax imposed under Code Section 4999 of the Code (the “Reduced Amount”).
Notwithstanding the foregoing, the Payments shall not be reduced if it is determined that without such reduction, the Change in
Control Benefits received by the Executive on a net after-tax basis (including without limitation, any excise taxes payable under
Code Section 4999) is greater than the Change in Control Benefits that the Executive would receive, on a net after-tax benefit,
if the Executive is paid the Reduced Amount under the Agreement.


 


(c)        Unless
otherwise agreed in writing by the parties, all calculations with respect to Sections 280G and 4999 of the Code required
under this Section 20 shall be determined by a nationally recognized firm with appropriate expertise mutually agreeable to
the Company and Executive (the “Firm”) whose determination will be conclusive and binding on all parties. The
Company shall pay all fees charged by the Firm for this purpose. The Company, the Bank and the Executive shall provide the
Firm with all information or documents it reasonably requests, and the Firm shall be entitled to rely on such information and
on reasonable estimates and assumptions and interpretations of the provisions of Sections 280G and 4999 of the Code. If it is
determined that the Payments should be reduced as a result of the Section 280G calculations performed by the Firm, the Bank
shall promptly give (or cause the Firm to give) the Executive notice to that effect and a copy of the detailed calculations
thereof. All determinations made under this Section 20 shall be made as soon as reasonably practicable and in no event later
than ten (10) days prior to the Date of Termination.


 


(d)       In
the event the Company and the Bank do not obtain an Appraised Value of the non-competition and non-solicitation restrictions pursuant
to this Section 20 of the Agreement, the Company and the Bank shall indemnify Executive to the fullest extent permitted by law
against, and with respect to, any and all costs and expenses (including reasonable attorney fees), and damages resulting from
any excise taxes payable under Code Section 4999 and any federal, state or local income tax resulting from this indemnification.


 


[Signature Page Follows]





 






    18


     


    

 


IN WITNESS WHEREOF, the Bank, Company
and the Executive have duly executed this Agreement as of the day and year first written above.


 


	 	[_________________]
	 	 
	 	By:	 
	 	 
	 	[_______________________]
	 	 
	 	By:	 
	 	 	Duly Authorized Officer
	 	 
	 	[_______________________]
	 	 
	 	By:	 
	 	 	Duly Authorized Officer




 


[Signature Page to Employment Agreement]


 






    19