requested
by Abington Savings Bank and as may be needed by Abington Savings Bank.
Abington Savings Bank agrees that the consulting services to be provided
pursuant to this paragraph 8 shall not be in excess of an average of 10 hours
per week (it being understood that such limit shall not apply to any services to
be provided under paragraph 9). The severance payments included in this
Agreement will, in addition to providing consideration for other terms of this
Agreement, also provide me compensation for any and all transitional services
that I may be asked to provide pursuant to this Section.
I understand, however,
that nothing in this Section changes or alters in any way my employment
Separation Date as described above.
9.
COOPERATION AS TO ACCOUNTING AND OTHER
INQUIRIES.
DURING THE PERIOD FOLLOWING THE TERMINATION OF MY EMPLOYMENT I AGREE
TO COOPERATE FULLY WITH ABINGTON SAVINGS BANK IN (X) ANY PREPARATION, REVIEW,
REVISION OR RESTATEMENT OF ANY FINANCIAL STATEMENTS OR RELATED BOOKS AND RECORDS
RELATING TO THE TIME DURING WHICH I WAS EMPLOYED BY ABINGTON SAVINGS BANK (THE
"EMPLOYMENT PERIOD") AND (Y) THE DEFENSE OR PROSECUTION OF ANY INVESTIGATIONS,
INQUIRIES, CLAIMS OR ACTIONS NOW IN EXISTENCE OR WHICH MAY BE BROUGHT IN THE
FUTURE AGAINST OR ON BEHALF OF ABINGTON SAVINGS BANK WHICH RELATE TO EVENTS OR
OCCURRENCES THAT TRANSPIRED DURING THE EMPLOYMENT PERIOD, INCLUDING ANY ACTIONS,
INVESTIGATIONS OR PROCEEDINGS INVOLVING NASDAQ, THE SECURITIES AND EXCHANGE
COMMISSION, OR ANY OTHER REGULATORY AUTHORITY.
MY FULL COOPERATION IN
CONNECTION WITH SUCH CLAIMS OR ACTIONS WILL INCLUDE, BUT NOT BE LIMITED TO,
BEING AVAILABLE TO MEET WITH COUNSEL TO PREPARE FOR DISCOVERY, HEARING,
INTERVIEW OR TRIAL AND TO ACT AS A WITNESS ON BEHALF OF ABINGTON SAVINGS BANK AT
MUTUALLY CONVENIENT TIMES.
DURING THE PERIOD FOLLOWING THE TERMINATION OF MY
EMPLOYMENT I ALSO AGREE TO COOPERATE FULLY WITH ABINGTON SAVINGS BANK IN
CONNECTION WITH ANY INVESTIGATION OR REVIEW OF ANY FEDERAL, STATE OR LOCAL
REGULATORY AUTHORITY AS ANY SUCH INVESTIGATION OR REVIEW RELATE TO EVENTS OR
OCCURRENCES THAT TRANSPIRED DURING THE EMPLOYMENT PERIOD.
ABINGTON SAVINGS BANK
WILL REIMBURSE YOU FOR ANY REASONABLE OUT-OF-POCKET EXPENSES INCURRED BY YOU IN
CONNECTION WITH YOUR PERFORMANCE OF YOUR OBLIGATIONS PURSUANT TO THIS SECTION 9,
SUCH REIMBURSEMENT NOT TO INCLUDE PAYMENT FOR ANY TIME YOU MIGHT SPEND
PERFORMING SUCH SERVICES.
10.
SUCCESSORS AND ASSIGNS.
IN THE EVENT THAT
THE ABINGTON SAVINGS BANK SHOULD CHANGE FORM AND/OR BE MERGED OR CONSOLIDATED
INTO ANOTHER ORGANIZATION, THE TERMS OF THIS AGREEMENT SHALL INURE TO THE
BENEFIT OF, AND BE ASSUMED BY, THE ENTITY RESULTING FROM SUCH CHANGE.
THIS
AGREEMENT SHALL BE BINDING UPON AND
3
INURE TO THE BENEFIT OF MY
SUCCESSORS AND ASSIGNS, AS WELL AS THOSE OF THE ABINGTON SAVINGS BANK, BUT I MAY
NOT ASSIGN THIS AGREEMENT WITHOUT THE ABINGTON SAVINGS BANK'S PRIOR WRITTEN
CONSENT.
11.
General Waiver and Release of My Claims and Rights Up to the Date
of This Agreement.
In exchange for the consideration described in this
Agreement, to the extent permitted by