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EXHIBIT 10.22
 
 Amended and Restated
 Employment Agreement
 between
 Hudson City Savings Bank
 and
 Ronald E. Hermance Jr.
 Made and Entered into
as of June 7, 2005




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Hudson City Savings Bank
 Amended and Restated Employment Agreement
 Amended And Restated Employment Agreement Hudson City Savings Bank Ronald E. Hermance Jr.
 Introductory Statement
   Agreement
 Section 1. Employment .
  Section 2. Employment Period; Remaining Unexpired Employment Period .
 rd
 rd
 rd rd
 Page 1 of 19




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EXHIBIT 10.22
  Section 3. Duties .
  provided, however,
 Section 4. Cash Compensation .
  Section 5. Employee Benefit Plans and Programs .
  Page 2 of 19




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EXHIBIT 10.22
  Section 6. Indemnification and Insurance .
   Section 7. Outside Activities .
 provided however provided, however
 Section 8. Working Facilities and Expenses .
  Section 9. Termination of Employment Due to Death .
   Page 3 of 19




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EXHIBIT 10.22
    Section 10. Termination Due to Disability .
     Section 11. Discharge with Cause .
  Page 4 of 19




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EXHIBIT 10.22
       Page 5 of 19




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EXHIBIT 10.22
  Section 12. Discharge without Cause .
      
  Page 6 of 19




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EXHIBIT 10.22
        Page 7 of 19




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EXHIBIT 10.22
     Page 8 of 19




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EXHIBIT 10.22
          Section
13. Resignation.
   Page 9 of 19




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EXHIBIT 10.22
   provided
  provided
 provided
    Page 10 of 19




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EXHIBIT 10.22
 Section 14. Terms and Conditions of the Additional Termination Entitlements .
  Section 15. Termination Upon or Following a Change of Control .
         Page 11 of 19




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EXHIBIT 10.22
    provided however
    provided
  Page 12 of 19




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EXHIBIT 10.22
   Section 16. Covenant Not To Compete .
 provided, however
 Section 17. Confidentiality .
 provided, however
 Section 18. Solicitation .
    Page 13 of 19




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EXHIBIT 10.22
   Section 19. No Effect on Employee Benefit Plans or Programs .
 provided, however
 Section 20. Successors and Assigns .
  Section 21. Notices .
   
 Page 14 of 19




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EXHIBIT 10.22
  
 Chairman, Human Resources Committee
 with a copy to:
 llp
 W. Edward Bright, Esq
 Section 22. Indemnification for Attorneys Fees .
 provided, however
 Section 23. Severability .
  Section 24. Waiver .
  Section 25. Counterparts .
  Page 15 of 19




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EXHIBIT 10.22
 Section 26. Governing Law .
  Section 27. Headings and Construction .
  Section 28. Entire Agreement; Modifications .
  Section 29. Non-Duplication .
  Section 30. Relative Obligations of the Bank and the Company .
  Section 31. Required Regulatory Provisions .
   Page 16 of 19




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EXHIBIT 10.22
        Page 17 of 19




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EXHIBIT 10.22
  Ronald E. Hermance Jr.Hudson City Savings BankAttest:By
    
    
    
    ByVeronica Olszewski
    
    
    
    Michael W. AzzaraSenior Vice President and Corporate
    
    
    
    Chairman of the Human ResourceSecretary
    
    
    
    Committee of the Board of Directors[Seal]
 Page 18 of 19