CONTAINED IN THIS AGREEMENT SHALL HAVE ANY
EFFECT ON SUCH AS I MAY HAVE UNDER THE INDEMNIFICATION PROVISIONS OF THE BY-LAWS
OF EACH OF ABINGTON BANCORP, INC. AND ABINGTON SAVINGS BANK.
13.
ADEA WAIVER.
I EXPRESSLY ACKNOWLEDGE AND
AGREE THAT, BY ENTERING INTO THIS AGREEMENT, I AM WAIVING ANY AND ALL RIGHTS OR
CLAIMS THAT I MAY HAVE ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF
1967, AS AMENDED, WHICH HAVE ARISEN ON OR BEFORE THE DATE OF EXECUTION OF THIS
AGREEMENT.
I FURTHER EXPRESSLY ACKNOWLEDGE AND AGREE THAT:
A.
IN RETURN FOR THIS AGREEMENT, I WILL RECEIVE COMPENSATION
BEYOND THAT TO WHICH I WAS ALREADY ENTITLED TO RECEIVE BEFORE ENTERING INTO THIS
AGREEMENT;
B.
I AM HEREBY ADVISED IN WRITING BY THIS AGREEMENT TO CONSULT WITH
AN ATTORNEY BEFORE SIGNING THIS AGREEMENT;
C.
I WAS GIVEN A COPY OF THIS AGREEMENT ON MAY 12, 2003, AND
INFORMED THAT I HAD TWENTY-ONE (21) DAYS TO CONSIDER SIGNING IT; AND
D.
I WAS INFORMED THAT I HAVE SEVEN (7) DAYS FOLLOWING THE DATE OF
EXECUTION OF THIS AGREEMENT IN WHICH TO REVOKE THE AGREEMENT.
14.
NO LAW VIOLATION.
I UNDERSTAND THAT THE
ABINGTON SAVINGS BANK IS OFFERING ME THE OPTION OF ENTERING INTO THIS AGREEMENT
ON THE TERMS AND CONDITIONS AS SET FORTH HEREIN IN ORDER TO ASSIST ME IN MY
EMPLOYMENT TRANSITION, TO RECOGNIZE MY YEARS OF SERVICE, TO FURTHER AN AMICABLE
SEPARATION BETWEEN ME AND ABINGTON SAVINGS BANK, AND TO RESOLVE ANY AND ALL
DISPUTES WHICH I MAY OR MAY NOT HAVE WITH THE ABINGTON SAVINGS BANK AND/OR ANY
OF THE ABINGTON SAVINGS BANK RELEASEES.
THIS AGREEMENT DOES NOT MEAN THAT THE
ABINGTON SAVINGS BANK OR ANY OTHER RELEASEE HAS VIOLATED OR ADMITS TO HAVING
VIOLATED ANY LAW OR ADMITS TO HAVING ACTING IN ANY WAY IN VIOLATION OF ANY OF MY
RIGHTS.
ABINGTON SAVINGS BANK EXPRESSLY DENIES ANY VIOLATION OF ANY OF ITS
POLICIES, PROCEDURES, STATE OR FEDERAL LAWS OR REGULATIONS AND/OR ANY
WRONGDOING.
15.
WHEN THIS AGREEMENT BECOMES EFFECTIVE.
I
UNDERSTAND THAT I HAVE SEVEN (7) DAYS FROM THE DATE I SIGN THIS AGREEMENT TO
REVOKE THIS AGREEMENT BY SENDING A LETTER, BY CERTIFIED MAIL, TO JAMES
MCDONOUGH, PRESIDENT AND CEO, ABINGTON SAVINGS BANK, 97 LIBBEY INDUSTRIAL
PARKWAY, SUITE 400, WEYMOUTH, MA 02338.
THIS AGREEMENT WILL BECOME EFFECTIVE
AND ENFORCEABLE SEVEN (7) DAYS FOLLOWING MY EXECUTION, UNLESS IT IS REVOKED
DURING THE SEVEN-DAY PERIOD.
16.
ENTIRE AGREEMENT.
THIS IS THE COMPLETE AGREEMENT
BETWEEN ME AND THE ABINGTON SAVINGS BANK AND SUPERSEDES AND REPLACES ALL PRIOR
NEGOTIATIONS AND ALL AGREEMENTS PROPOSED OR OTHERWISE, WHETHER WRITTEN OR ORAL,
CONCERNING THE SUBJECT MATTERS HEREOF.
ANY REPRESENTATION, PROMISE OR AGREEMENT
NOT SPECIFICALLY INCLUDED IN THIS AGREEMENT SHALL NOT BE BINDING UPON OR
ENFORCEABLE AGAINST EITHER
5
PARTY.
THIS IS A FULLY INTEGRATED DOCUMENT WHICH CAN BE MODIFIED ONLY IN A
WRITING SIGNED BY EACH PARTY.
17.
APPLICABLE LAW.
THIS AGREEMENT SHALL BE
DEEMED TO BE MADE AND ENTERED INTO IN THE COMMONWEALTH OF MASSACHUSETTS, AND
SHALL IN ALL RESPECTS