<PAGE>

                                                                    EXHIBIT 10.6

                         EXECUTIVE HEALTH INSURANCE PLAN
                                    AGREEMENT


         THIS AGREEMENT is made and entered into this 20th day of December,
2007, by and between Central Co-Operative Bank, a bank organized and existing
under the laws of the Commonwealth of Massachusetts (hereinafter referred to as
the "Bank"), and John D. Doherty, an Executive of the Bank (hereinafter referred
to as the "Executive").

         WHEREAS, the Executive has been and continues to be a valued Executive
of the Bank; and

         WHEREAS, the purpose of this Agreement is to further the growth and
development of the Bank by providing the Executive with health care insurance
coverage, and thereby encourage the Executive's productive efforts on behalf of
the Bank; and

         ACCORDINGLY, the Board has adopted the Executive Health Insurance Plan
and it is the desire of the Bank and the Executive to enter into this Agreement
under which the Bank will agree to Purchase health care insurance coverage for
the Executive upon the Executive's retirement in the event of the Executive's
death pursuant to the Executive Health Insurance Plan; and

         FURTHERMORE, it is the intent of the parties hereto that this Executive
Health Insurance Plan be considered an unfunded arrangement maintained primarily
to provide Health Care Insurance Coverage for the Executive, and be considered a
non-qualified benefit plan for purposes of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"). The Executive is fully advised of
the Bank's financial status and has had substantial input in the design and
operation of this benefit plan; and

         NOW THEREFORE, in consideration of services the Executive has performed
in the past and those to be performed in the future, and based upon the mutual
promises and covenants herein contained, the Bank and the Executive agree as
follows:

I.       DEFINITIONS

         A.       Effective Date:
                  --------------

                  The Effective Date of the Executive Health Insurance Plan
                  shall be December 20, 2007.

         B.       Plan Year:
                  ---------

                  Any reference to the "Plan Year" shall mean a calendar year
                  from January 1st to December 31st. In the year of
                  implementation, the term "Plan Year" shall mean the period
                  from the Effective Date to December 31st of the year of the
                  Effective Date.
<PAGE>

         C.       Termination of Employment:
                  -------------------------

                  Termination of Employment shall mean the Executive's voluntary
                  resignation of employment by the Executive or the Bank's
                  discharge of the Executive without cause, prior to the Normal
                  Retirement Age.

         D.       Liability Reserve Account:
                  -------------------------

                  A Liability Reserve Account shall be established on the books
                  of the Bank for the purpose of providing a health insurance
                  benefit and a Medicare Supplement Benefit for the benefit of
                  the Executive. Prior to the Executive's Termination of
                  Employment or the Executive's retirement, whichever event
                  shall first occur, such Liability Reserve Account shall be
                  credited with the Bank Contribution. The Liability Reserve
                  Account shall be credited interest monthly at the rate of six
                  percent (6%), commencing upon the last day of the month of the
                  first contribution and continuing on the last date of each
                  month thereafter, as long as there is a balance in the
                  account. The interest rate shall be increased or decreased at
                  the discretion of the Bank.

         E.       Bank Contribution:
                  -----------------

                  The Bank shall make an annual contribution of Ten Thousand and
                  00/100th Dollars ($10,000.00) into the Liability Reserve
                  Account. Such contribution shall be made in monthly
                  installments.

         F.       Executive Health Care or Medicare Supplement Benefit:
                  ----------------------------------------------------

                  The Bank shall, either monthly or annually, expense an amount
                  in the Liability Reserve Account to pay the premium payments
                  for post-retirement health care insurance. When the Liability
                  Reserve Account reaches a balance of zero (0) dollars, the
                  Executive Health Care or Medicare Supplement Benefit shall
                  cease. Said benefit shall be for the life of the Executive and
                  the Executive's spouse.

         G.       Change in Control:
                  -----------------

                  Change of Control shall be defined as the occurrence of any
                  one of the following:

                  a.       the acquisition of more than fifty percent (50%) of
                           the value or voting power of the Bank's stock by a
                           person or group;

                  b.       the acquisition in a period of twelve (12) months or
                           less of at least thirty-five percent (35%) of the
                           Bank's stock by a person or group;

                                       2
<PAGE>
                  c.       the replacement of a majority of the Bank's board in
                           a period of twelve (12) months or less by Directors
                           who were not endorsed by a majority of the current
                           board members; or

                  d.       the acquisition in a period of twelve (12) months or
                           less of forty percent (40%) or more of the Bank's
                           assets by an unrelated entity.

                  For the purposes of this Agreement, transfers made on account
                  of deaths or gifts, transfers between family members or
                  transfers to a qualified retirement plan maintained by the
                  Bank shall not be considered in determining whether there has
                  been a Change in Control.

         H.       Normal Retirement Age:
                  ---------------------

                  Normal Retirement Age shall mean the date on which the
                  Executive attains age sixty-five (65).

         I.       Disability or Disabled:
                  ----------------------

                  "Disability or Disabled" shall mean the Executive is, by
                  reason of any medically determinable physical or mental
                  impairment which can be expected to result in death or can be
                  expected to last for a continuous period of not less than
                  twelve (12) months, receiving income replacement benefits for
                  a period of not less than three (3) months under an accident
                  and health plan covering employees of the Bank. Medical
                  determination of Disability or Disabled will be made by the
                  provider of an accident or health plan covering employees of
                  the Bank. Upon the request of the Plan Administrator, the
                  Executive must submit proof to the Plan Administrator of
                  Social Security Administration's or the provider's
                  determination.

II.      BENEFITS

         A.       Benefits:
                  --------

                  Should the Executive remain in the employ of the Bank until
                  the Normal Retirement Age as stated in Subparagraph I (H), the
                  Executive shall be entitled to receive the Executive Health
                  Care or Medicare Supplement Benefit, beginning at Normal
                  Retirement Age until the Liability Reserve Account has a zero
                  (0) balance.

         B.       Termination of Employment:
                  -------------------------

                  Should the Executive suffer an Termination of Employment,
                  voluntary or involuntary, at anytime from the Effective Date
                  of this Agreement, the Executive shall be entitled to receive
                  the Executive Health Care or Medicare Supplement Benefit until
                  the Liability Reserve Account has a zero (0) balance. Said
                  coverage shall commence the first day of the first month
                  following the death of the Executive.

                                       3
<PAGE>
                  In the event the Executive's death should occur after such
                  termination and there is a balance in the Liability Reserve
                  Account, the Executive's spouse shall be entitled to the
                  Executive Health Care or Medicare Supplement Benefit, until
                  the Liability Reserve Account has a zero balance. Upon the
                  spouse's death, subsequent to the Executive, this Agreement
                  shall terminate and no benefit shall be due. Said coverage
                  shall commence the first day of the first month following the
                  death of the Executive.

         C.       Death Benefit:
                  -------------

                  Should the Executive die while there is a balance in the
                  Liability Reserve Account, said unpaid balance of the
                  Executive's Liability Reserve Account shall be used to provide
                  the Executive Health Care or Medicare Supplement Benefit for
                  the Executive's spouse until said balance is zero dollars
                  ($0). Upon the spouse's death, subsequent to the Executive,
                  this Agreement shall terminate and no benefit shall be due.
                  Said coverage shall commence the first day of the first month
                  following the death of the Executive.

         D.       Discharge for Cause:
                  -------------------

                  Should the Executive be Discharged for Cause at any time, the
                  Bank Contribution shall cease on the date of said termination
                  and no coverage shall be provided. The term "for cause" shall
                  mean any of the following that result in an adverse effect on
                  the Bank: (i) the conviction of a felony or gross misdemeanor
                  involving fraud or dishonesty; (ii) the willful violation of
                  any Bank law, rule, or regulation; (iii) an intentional
                  failure to perform stated duties; or (iv) a breach of
                  fiduciary duty involving personal profit. If a dispute arises
                  as to discharge "for cause," such dispute shall be resolved by
                  arbitration as set forth in this Executive Health Insurance
                  Plan.

III.     RESTRICTIONS UPON FUNDING

         The Bank shall have no obligation to set aside, earmark or entrust any
         fund or money with which to pay its obligations under this Executive
         Health Insurance Plan. The Executive, their beneficiary(ies), or any
         successor in interest shall be and remain simply a general creditor of
         the Bank in the same manner as any other creditor having a general
         claim for matured and unpaid compensation.

                                       4

<PAGE>

         The Bank reserves the absolute right, at its sole discretion, to either
         fund the obligations undertaken by this Executive Health Insurance Plan
         or to refrain from funding the same and to determine the extent, nature
         and method of such funding. Should the Bank elect to fund this
         Executive Health Insurance Plan, in whole or in part, through the
         purchase of life insurance, mutual funds, disability policies or
         annuities, the Bank reserves the absolute right, in its sole
         discretion, to terminate such funding at any time, in whole or in part.
         At no time shall any Executive be deemed to have any lien nor right,
         title or interest in or to any specific funding investment or to any
         assets of the Bank.

         If the Bank elects to invest in a life insurance, disability or annuity
         policy upon the life of the Executive, then the Executive shall assist
         the Bank by freely submitting to a physical exam and supplying such
         additional information necessary to obtain such insurance or annuities.

IV.      CHANGE IN CONTROL

         If the Executive suffers a Termination of Employment (voluntarily or
         involuntarily), except for cause, anytime subsequent to a Change in
         Control, then the Executive shall be entitled to receive the Executive
         Health Care or Medicare Supplement Benefit, commencing within thirty
         (30) days of said termination until the Liability Reserve Account has a
         zero (0) balance.

         In the event the Executive's death should occur after such termination
         and there is a balance in the Liability Reserve Account, the
         Executive's spouse shall be entitled to the Executive Health Care or
         Medicare Supplement Benefit, until the Liability Reserve Account has a
         zero balance. Upon the spouse's death, subsequent to the Executive,
         this Agreement shall terminate and no benefit shall be due.

V.       DISABILITY

         In the event that there is a finding of any qualified period of
         disability for the Executive, the Bank will pay the Health Care Benefit
         until the Liability Reserve Account has a zero (0) balance. Said
         benefit shall commence within thirty (30) days of determination of
         Disability.

         In the event of the Executive's death and there is a balance in the
         Liability Reserve Account, the Executive's spouse shall be entitled to
         the Executive Health Care or Medicare Supplement Benefit, until the
         Liability Reserve Account has a zero balance. Upon the spouse's death,
         subsequent to the Executive, this Agreement shall terminate and no
         benefit shall be due.

VI.      MISCELLANEOUS

         A.       Alienability and Assignment Prohibition:
                  ---------------------------------------

                  Neither the Executive nor any other beneficiary(ies) under
                  this Executive Health Insurance Plan shall have any power or
                  right to transfer, assign, anticipate, hypothecate, mortgage,

                                       5

<PAGE>
                  commute, modify or otherwise encumber in advance any of the
                  benefits payable hereunder nor shall any of said benefits be
                  subject to seizure for the payment of any debts, judgments,
                  alimony or separate maintenance owed by the Executive or the
                  Executive's beneficiary(ies), nor be transferable by operation
                  of law in the event of bankruptcy, insolvency or otherwise. In
                  the event the Executive or any beneficiary attempts
                  assignment, commutation, hypothecation, transfer or disposal
                  of the benefits hereunder, the Bank's liabilities shall
                  forthwith cease and terminate.

         B.       Binding Obligation of the Bank and any Successor in Interest:
                  ------------------------------------------------------------

                  The Bank shall not merge or consolidate into or with another
                  Bank or sell substantially all of its assets to another Bank,
                  firm or person until such Bank, firm or person expressly
                  agrees, in writing, to assume and discharge the duties and
                  obligations of the Bank under this Executive Health Insurance
                  Plan. This Executive Health Insurance Plan shall be binding
                  upon the parties hereto, their successors, assignees,
                  beneficiaries, heirs and personal representatives.

         C.       Amendment or Revocation:
                  -----------------------

                  During the lifetime of the Executive, this Agreement may be
                  amended or revoked at any time or times, in whole or in part
                  only, by the mutual written consent of the Executive and the
                  Bank. Any such amendment shall not be effective to decrease or
                  restrict the Executive's benefit under this Agreement,
                  determined as of the date of amendment, unless agreed to in
                  writing by the Executive. In the event this Agreement is
                  terminated, such termination shall not cause a distribution of
                  benefits, except to provide the Executive Health Care or
                  Medicare Supplement Benefit, if the vesting age is met.

         D.       Gender:
                  ------

                  Whenever in this Executive Health Insurance Plan words are
                  used in the masculine or neutral gender, they shall be read
                  and construed as in the masculine, feminine or neutral gender,
                  whenever they should so apply.

         E.       Headings:
                  --------

                  Headings and subheadings in this Executive Health Insurance
                  Plan are inserted for reference and convenience only and shall
                  not be deemed a part of this Executive Health Insurance Plan.

         F.       Applicable Law:
                  --------------

                  The validity and interpretation of this Agreement shall be
                  governed by the laws of the State where the principal
                  corporate office of the Bank is located.

                                       6

<PAGE>
         G.       Partial Invalidity:
                  ------------------

                  If any term, provision, covenant, or condition of this
                  Executive Health Insurance Plan is determined by an arbitrator
                  or a court, as the case may be, to be invalid, void, or
                  unenforceable, such determination shall not render any other
                  term, provision, covenant, or condition invalid, void, or
                  unenforceable, and the Executive Health Insurance Plan shall
                  remain in full force and effect notwithstanding such partial
                  invalidity.

         H.       Employment:
                  ----------

                  No provision of this Executive Health Insurance Plan shall be
                  deemed to restrict or limit any existing employment agreement
                  by and between the Bank and the Executive, nor shall any
                  conditions herein create specific employment rights to the
                  Executive nor limit the right of the Employer to discharge the
                  Executive with or without cause. In a similar fashion, no
                  provision shall limit the Executive's rights to voluntarily
                  sever the Executive's employment at any time.

         I.       Tax Withholding:
                  ---------------

                  The Bank shall withhold any taxes that are required to be
                  withheld, under the Code and regulations thereunder, from the
                  benefits provided under this Agreement. The Executive
                  acknowledges that the Bank's sole liability regarding taxes is
                  to forward any amounts withheld to the appropriate taxing
                  authority(ies).

         J.       Opportunity to Consult with Independent Advisors:
                  ------------------------------------------------

                  The Executive acknowledges that he has been afforded the
                  opportunity to consult with independent advisors of his
                  choosing including, without limitation, accountants or tax
                  advisors and legal counsel regarding both the benefits granted
                  to him under the terms of this Agreement and the: (i) terms
                  and conditions which may affect the Executive's right to these
                  benefits; and (ii) personal tax effects of such benefits
                  including, without limitation, the effects of any federal or
                  state taxes, Section 280G of the Code or regulations
                  thereunder, and any other taxes, costs, expenses or
                  liabilities whatsoever related to such benefits, which in any
                  of the foregoing instances the Executive acknowledges and
                  agrees shall be the sole responsibility of the Executive

                                       7

<PAGE>
                  notwithstanding any other term or provision of this Agreement.
                  The Executive further acknowledges and agrees that the Bank
                  shall have no liability whatsoever related to any such
                  personal tax effects or other personal costs, expenses, or
                  liabilities applicable to the Executive and further
                  specifically waives any right for himself or herself, and his
                  or her heirs, beneficiaries, legal representative, agents,
                  successor and assign to claim or assert liability on the part
                  of the Bank related to the matters described above in this
                  paragraph. The Executive further acknowledges that he has
                  read, understands and consents to all of the terms and
                  conditions of this Agreement, and that he enters into this
                  Agreement with a full understanding of its terms and
                  conditions.

VII.     ADMINISTRATIVE AND CLAIMS PROVISIONS

         A.       Plan Administrator:
                  ------------------

                  The "Plan Administrator" of this Executive Health Insurance
                  Plan shall be the Board of Directors of Central Co-Operative
                  Bank. As Plan Administrator, the Bank shall be responsible for
                  the management, control and administration of the Executive
                  Health Insurance Plan. The Plan Administrator may delegate to
                  others certain aspects of the management and operation
                  responsibilities of the Executive Health Insurance Plan
                  including the employment of advisors and the delegation of
                  ministerial duties to qualified individuals.

         B.       Claims Procedure:
                  ----------------

                  a.       Filing a Claim for Benefits:
                           ---------------------------

                           Any insured, beneficiary, or other individual,
                           ("Claimant") entitled to benefits under this
                           Executive Plan will file a claim request with the
                           Plan Administrator. The Plan Administrator will, upon
                           written request of a Claimant, make available copies
                           of all forms and instructions necessary to file a
                           claim for benefits or advise the Claimant where such
                           forms and instructions may be obtained. If the claim
                           relates to disability benefits, then the Plan
                           Administrator shall designate a sub-committee to
                           conduct the initial review of the claim (and
                           applicable references below to the Plan Administrator
                           shall mean such sub-committee).

                  b.       Denial of Claim:
                           ---------------

                           A claim for benefits under this Executive Plan will
                           be denied if the Bank determines that the Claimant is
                           not entitled to receive benefits under the Executive
                           Plan. Notice of a denial shall be furnished the
                           Claimant within a reasonable period of time after
                           receipt of the claim for benefits by the Plan
                           Administrator. This time period shall not exceed more
                           than ninety (90) days after the receipt of the
                           properly submitted claim. In the event that the claim
                           for benefits pertains to disability, the Plan

                                       8

<PAGE>
                           Administrator shall provide written notice within
                           forty-five (45) days. However, if the Plan
                           Administrator determines, in its discretion, that an
                           extension of time for processing the claim is
                           required, such extension shall not exceed an
                           additional ninety (90) days. In the case of a claim
                           for disability benefits, the forty-five (45) day
                           review period may be extended for up to thirty (30)
                           days if necessary due to circumstances beyond the
                           Plan Administrator's control, and for an additional
                           thirty (30) days, if necessary. Any extension notice
                           shall indicate the special circumstances requiring an
                           extension of time and the date by which the Plan
                           Administrator expects to render the determination on
                           review.

                  c.       Content of Notice:
                           -----------------

                           The Plan Administrator shall provide written notice
                           to every Claimant who is denied a claim for benefits
                           which notice shall set forth the following:

                           (i.)     The specific reason or reasons for the
                                    denial;

                           (ii.)    Specific reference to pertinent Executive
                                    Plan provisions on which the denial is
                                    based;

                           (iii.)   A description of any additional material or
                                    information necessary for the Claimant to
                                    perfect the claim, and any explanation of
                                    why such material or information is
                                    necessary; and

                           (iv.)    Any other information required by applicable
                                    regulations, including with respect to
                                    disability benefits.

                  d.       Review Procedure:
                           ----------------

                           The purpose of the Review Procedure is to provide a
                           method by which a Claimant may have a reasonable
                           opportunity to appeal a denial of a claim to the Plan
                           Administrator for a full and fair review. The
                           Claimant, or his duly authorized representative, may:

                           (i.)     Request a review upon written application to
                                    the Plan Administrator. Application for
                                    review must be made within sixty (60) days
                                    of receipt of written notice of denial of
                                    claim. If the denial of claim pertains to
                                    disability, application for review must be
                                    made within one hundred eighty (180) days of
                                    receipt of written notice of the denial of
                                    claim;

                                       9

<PAGE>
                           (ii.)    Review and copy (free of charge) pertinent
                                    Executive Plan documents, records and other
                                    information relevant to the Claimant's claim
                                    for benefits;

                           (iii.)   Submit issues and concerns in writing, as
                                    well as documents, records, and other
                                    information relating to the claim.

                  e.       Decision on Review:
                           ------------------

                           A decision on review of a denied claim shall be made
                           in the following manner:

                           (i.)     The Plan Administrator may, in its sole
                                    discretion, hold a hearing on the denied
                                    claim. If the Claimant's initial claim is
                                    for disability benefits, any review of a
                                    denied claim shall be made by members of the
                                    Plan Administrator other than the original
                                    decision maker(s) and such person(s) shall
                                    not be a subordinate of the original
                                    decision maker(s). The decision on review
                                    shall be made promptly, but generally not
                                    later than sixty (60) days after receipt of
                                    the application for review. In the event
                                    that the denied claim pertains to
                                    disability, such decision shall not be made
                                    later than forty-five (45) days after
                                    receipt of the application for review. If
                                    the Plan Administrator determines that an
                                    extension of time for processing is
                                    required, written notice of the extension
                                    shall be furnished to the Claimant prior to
                                    the termination of the initial sixty (60)
                                    day period. In no event shall the extension
                                    exceed a period of sixty (60) days from the
                                    end of the initial period. In the event the
                                    denied claim pertains to disability, written
                                    notice of such extension shall be furnished
                                    to the Claimant prior to the termination of
                                    the initial forty-five (45) day period. In
                                    no event shall the extension exceed a period
                                    of thirty (30) days from the end of the
                                    initial period. The extension notice shall
                                    indicate the special circumstances requiring
                                    an extension of time and the date by which
                                    the Plan Administrator expects to render the
                                    determination on review.

                           (ii.)    The decision on review shall be in writing
                                    and shall include specific reasons for the
                                    decision written in an understandable manner
                                    with specific references to the pertinent
                                    Executive Plan provisions upon which the
                                    decision is based.

                                       10

<PAGE>
                           (iii.)   The review will take into account all
                                    comments, documents, records and other
                                    information submitted by the Claimant
                                    relating to the claim without regard to
                                    whether such information was submitted or
                                    considered in the initial benefit
                                    determination. Additional considerations
                                    shall be required in the case of a claim for
                                    disability benefits. For example, the claim
                                    will be reviewed without deference to the
                                    initial adverse benefits determination and,
                                    if the initial adverse benefit determination
                                    was based in whole or in part on a medical
                                    judgment, the Plan Administrator will
                                    consult with a health care professional with
                                    appropriate training and experience in the
                                    field of medicine involving the medical
                                    judgment. The health care professional who
                                    is consulted on appeal will not be the same
                                    individual who was consulted during the
                                    initial determination or the subordinate of
                                    such individual. If the Plan Administrator
                                    obtained the advice of medical or vocational
                                    experts in making the initial adverse
                                    benefits determination (regardless of
                                    whether the advice was relied upon), the
                                    Plan Administrator will identify such
                                    experts.

                           (iv.)    The decision on review will include a
                                    statement that the Claimant is entitled to
                                    receive, upon request and free of charge,
                                    reasonable access to, and copies of, all
                                    documents, records or other information
                                    relevant to the Claimant's claim for
                                    benefits.

                  f.       Exhaustion of Remedies:
                           ----------------------

                           A Claimant must follow the claims review procedures
                           under this Executive Plan and exhaust his or her
                           administrative remedies before taking any further
                           action with respect to a claim for benefits.

         C.       Arbitration:
                  -----------

                  If claimants continue to dispute the benefit denial based upon
                  completed performance of this Executive Plan or the meaning
                  and effect of the terms and conditions thereof, then claimants
                  may submit the dispute to an Arbitrator for final arbitration.
                  The Arbitrator shall be selected by mutual agreement of the
                  Bank and the claimants. The Arbitrator shall operate under any
                  generally recognized set of arbitration rules. The parties
                  hereto agree that they and their heirs, personal
                  representatives, successors and assigns shall be bound by the
                  decision of such Arbitrator with respect to any controversy
                  properly submitted to it for determination.

                                       11

<PAGE>
                  Where a dispute arises as to the Bank's discharge of the
                  Executive "for cause," such dispute shall likewise be
                  submitted to arbitration as above described and the parties
                  hereto agree to be bound by the decision thereunder.

         IN WITNESS WHEREOF, the parties hereto acknowledge that each has
carefully read this Agreement and executed the original thereof effective as of
the first day set forth hereinabove, and that, upon execution, each has received
a conforming copy.

                                        CENTRAL CO-OPERATIVE BANK
                                        Somerville, MA
<TABLE>
<CAPTION>

<S>                                     <C>
/s/ Richard E. Stevens                  By: /s/ Edward F. Sweeney, Jr.
-------------------------------             -------------------------------------------
Witness                                     (Bank Director other than Executive)  Title

/s/ Paul S. Feeley                          /s/ John D. Doherty
-------------------------------             -------------------------------------------
Witness                                     John D. Doherty

</TABLE>

                                       12
<PAGE>


                SPOUSAL DESIGNATION FORM FOR THE EXECUTIVE HEALTH
                            INSURANCE PLAN AGREEMENT


I.     DESIGNATION
       -----------
<TABLE>
<CAPTION>
            SPOUSE:
            ------

       <S>  <C>
       1.   Name:                                                               SS#:
            ------------------------------------------------------------------------------------------------------------------------

            Address:
            ------------------------------------------------------------------------------------------------------------------------
                                (Street)                        (City)                           (State)               (Zip)
</TABLE>


II.    SIGN AND DATE
       -------------

All benefits received under the Executive Health Insurance Plan Agreement by
reason of my death shall be made for the benefit of my spouse, if he or she
survives me. This beneficiary designation is valid until the participant
notifies the Bank in writing.



-------------------------------------------         ----------------------------
John D. Doherty                                     Date