Document:

Retention, Confidentiality, Nonsolicitation and Nonacceptance Agreement

 Exhibit 10.2 
 RETENTION, CONFIDENTIALITY, 
 NONSOLICITATION AND NONACCEPTANCE AGREEMENT 
 This AGREEMENT (the “Agreement”) is made as of March 2, 2007 by and between Boston Private Financial Holdings, Inc., a Massachusetts
corporation with its headquarters located in Boston, Massachusetts (the “Employer”), Charter Bank, a Washington chartered bank (the “Bank”) and Terry A. Peterson (the “Executive”), which shall be effective at the
Effective Time of the Merger (as defined in the Agreement and Plan of Merger by and between the Employer and Charter Financial Corporation dated as of March 3, 2007 (the “Merger Agreement”)). In the event that the Effective Time shall
not occur, this Agreement shall be void ab initio and of no further force and effect. 
 WHEREAS, at the Effective Time, the Employer
will acquire Charter Financial Corporation and its wholly-owned subsidiary, the Bank; 
 WHEREAS, following the Effective Time, the Employer
will continue to operate the Bank under the name Charter Bank; 
 WHEREAS, following the Effective Time, the Bank desires to continue to
employ the Executive as President and Chief Operating Officer of the Bank, and the Executive desires to continue to be employed by the Bank; 
 WHEREAS, the Executive acknowledges that, in his position he will be given access to and will help develop trade secrets, valuable confidential business or professional information, substantial customer relationships and customer good will
on behalf of the Bank and the Employer; 
 NOW THEREFORE, in consideration of the mutual promises contained in this Agreement, the Employer,
the Bank and the Executive agree as follows: 
 1. Restricted Stock Grants. 
 (a) Conditions of Grants. On the Effective Date and the first anniversary thereof, provided that the Executive is employed by the Employer and/or
the Bank on such date, the Executive will receive a grant of a number of restricted shares of the Employer (the “Restricted Shares”) pursuant to the terms of the Employer’s 2004 Stock Option and Incentive Plan or any successor plan
(the “Plan), to the extent not inconsistent with the terms herewith, as follows: 
 (i) Initial Grant of Restricted
Shares. The number of Restricted Shares issued on the Effective Date shall be equal to the quotient obtained by dividing (x) $98,750 by (y) the closing price of the Employer’s common stock on the Effective Date, 
 (ii) Second Grant of Restricted Shares. The number of Restricted Shares issued to the Executive on the first anniversary date of
the Effective Date shall be equal to the quotient obtained by dividing (A) $98,750 by (B) the closing price of the Employer’s common stock on the date of grant. 

 (b) Vesting of Restricted Stock Grant.
Subject to Section 1(c) below of this Agreement, each grant of Restricted Shares will vest over a five-year period, with vesting at 33 1/3 percent on each of the third, fourth and fifth anniversary of the date of grant, subject to the Executive’s continuous employment with the Employer and/or the Bank on each applicable vesting
date. 
 (c) Potential for Accelerated Vesting of Restricted Shares. Notwithstanding the foregoing and any provision in the
Plan (including without limitation Section 7(c) thereof) to the contrary, the Restricted Shares shall immediately vest upon a Change of Control (as defined in the Plan) or upon the Executive’s death or disability. 
 2. Confidential Information, Nonsolicitation and Nonacceptance. 
 (a) Confidential Information. As used in this Agreement, “Confidential Information” means information belonging to the Employer and the
Bank which is of value to the Employer and the Bank in the course of conducting their business and the disclosure of which could result in a competitive or other disadvantage to the Employer or the Bank. Confidential Information includes, without
limitation, financial information, reports, and forecasts; inventions, improvements and other intellectual property; trade secrets; know-how; designs, processes or formulae; software; market or sales information or plans; customer lists; and
business plans, prospects and opportunities (such as possible acquisitions or dispositions of businesses or facilities) which is of value to the Employer and the Bank in the course of conducting its business and the disclosure of which could result
in a competitive or other disadvantage to the Employer and the Bank. Confidential Information includes information developed by the Executive in the course of the Executive’s employment by the Bank, as well as other information to which the
Executive may have access in connection with the Executive’s employment. Confidential Information also includes the confidential information of others with which the Employer has a business relationship. Notwithstanding the foregoing,
Confidential Information does not include information in the public domain, unless due to breach of the Executive’s duties under Section 2(b). 
 (b) Confidentiality. The Executive understands and agrees that the Executive’s employment creates a relationship of confidence and trust between the Executive and the Employer and the Bank with respect to
all Confidential Information. At all times, both during the Executive’s employment with the Employer and the Bank and after its termination, the Executive will keep in confidence and trust all such Confidential Information, and will not use or
disclose any such Confidential Information without the written consent of the Employer or the Bank, except as may be necessary in the ordinary course of performing the Executive’s duties to the Employer and the Bank or as may be required by
applicable law or pursuant to legal process. 
 (c) Documents, Records, etc. All documents, records, data, apparatus, equipment and
other physical property, whether or not pertaining to Confidential Information, which are furnished to the Executive by the Employer and or Bank or are produced by the Executive in connection with the Executive’s employment will be and remain
the sole property of the Employer and the Bank. The Executive will return to the Employer and the Bank all such materials and property as and when requested by the Employer and/or the Bank. In any event, 

  

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the Executive will return all such materials and property immediately upon termination of the Executive’s employment for any reason. The Executive will
not retain with the Executive any such material or property or any copies thereof after such termination. 
 (d) Nonsolicitation and
Nonacceptance Agreement. During the Executive’s employment with the Bank and for two (2) years thereafter, the Executive (i) will refrain from directly or indirectly employing, attempting to employ, recruiting or otherwise
soliciting, inducing or influencing any person to leave employment with the Employer or the Bank (other than terminations of employment of subordinate employees undertaken in the course of the Executive’s employment with the Employer and the
Bank); (ii) will refrain from directly or indirectly soliciting or encouraging any client or supplier of the Employer or the Bank to terminate or otherwise modify adversely its business relationship with the Employer or the Bank; and
(iii) will refrain from directly or indirectly accepting banking business from a client doing business with the Bank at the time of the Executive’s termination of employment in King County, Washington and in any county in which the
Executive last worked. The provisions of this Agreement are intended to prohibit actions taken directly by the Executive or indirectly by the Executive through another entity with which the Executive is associated, either as an owner, partner,
shareholder, consultant, agent, employee, co-venturer or otherwise. The Executive understands that the restrictions set forth in this Section 2(d) are intended to protect the Employer’s and the Bank’s interest in its Confidential
Information and established employee, client and supplier relationships and goodwill, and agrees that such restrictions are reasonable and appropriate for this purpose. In the event the Employer or the Bank terminates the Executive without Cause, or
the Executive terminates for Good Reason, the restrictions set forth in this Section 2(d) shall cease to apply. 
 Only the following shall constitute
“Cause” for such termination: 
 (i) use of alcohol or a controlled substance which is materially and demonstrably
injurious to the Employer or the Bank; 
 (ii) the conviction of the Executive for, or a plea of guilty or nolo contendere by
the Executive to, a felony (other than traffic offenses); 
 (iii) intentional refusal by the Executive to perform his stated
and lawful duties to the Employer or the Bank in any material respect, after written notice to the Executive and an opportunity to cure; 
 (iv) willful breach of fiduciary duty owed by the Executive to the Employer or the Bank, which is materially and demonstrably injurious to the Employer or the Bank; 
 (v) the Executive’s gross negligence or willful misconduct in the performance of his duties hereunder or the material breach of any
of the terms of this Agreement by the Executive, after written notice to the Executive and an opportunity to cure; or 
  

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 (vi) willful failure to cooperate with a bona fide internal investigation or an
investigation by regulatory or law enforcement authorities, after being instructed by the Employer and the Bank to cooperate, or the willful destruction or failure to preserve documents or other materials known to be relevant to such investigation
or the willful inducement of others to fail to cooperate or to produce documents or other materials. 
 Only the following shall constitute “Good
Reason” for termination by the Executive: 
 (A) a substantial adverse change, without the prior written consent of the
Executive, in the nature or scope of the Executive’s authority, duties or responsibilities from the authority, duties or responsibilities exercised by the Executive prior to the Effective Time; 
 (B) any decrease in the base salary of the Executive except for across-the-board decreases similarly affecting all or substantially all
management employees of the Bank; 
 (C) the failure to include the Executive in any bonus or material benefit plan of the
Bank; or 
 (D) any requirement by the Employer or the Bank that the Executive’s services be rendered primarily at a
location or locations more than 35 miles away from the Executive’s office location immediately prior to the Effective Time. 
 The
Executive shall provide the Employer and the Bank with reasonable notice and an opportunity to cure any of the events listed in subparts (A) through (D) above and the Executive shall not be entitled to terminate for Good Reason unless the
Employer and the Bank, as applicable, fails to cure within a reasonable period, which shall in no event exceed five (5) business days. 
 (e) Injunction. The Executive agrees that it would be difficult to measure any damages caused to the Employer which might result from any breach by the Executive of the promises set forth in this Section 2, and that in any event
money damages would be an inadequate remedy for any such breach. Accordingly, subject to Section 4 of this Agreement, the Executive agrees that if the Executive breaches, or proposes to breach, any portion of this Agreement, the Employer and
the Bank shall be entitled, in addition to all other remedies that they may have, to an injunction or other appropriate equitable relief to restrain any such breach without showing or proving any actual damage to the Employer or the Bank.

 3. Arbitration of Disputes. Any controversy or claim arising out of or relating to this Agreement or the breach thereof or
otherwise arising out of the Executive’s employment or the termination of that employment (including, without limitation, any claims of unlawful employment discrimination whether based on age or otherwise) shall, to the fullest extent permitted
by law, be settled by arbitration in any forum and form agreed upon by the parties or, in the absence of such an agreement, under the auspices of the American Arbitration Association (“AAA”) in Seattle, Washington in accordance with the
Employment Dispute Resolution Rules of the AAA, including, but not limited to, the rules and procedures applicable to the selection of arbitrators. In the event that any person or entity other than the Executive, the Employer or the 

  

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Bank may be a party with regard to any such controversy or claim, such controversy or claim shall be submitted to arbitration subject to such other person or
entity’s agreement. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This Section 3 shall be specifically enforceable. Notwithstanding the foregoing, this Section 3 shall not
preclude any party from pursuing a court action for the sole purpose of obtaining a temporary restraining order or a preliminary injunction in circumstances in which such relief is appropriate; provided that any other relief shall be pursued through
an arbitration proceeding pursuant to this Section 3. 
 4. Consent to Jurisdiction. To the extent that any court action
is permitted consistent with or to enforce Section 2 of this Agreement, the parties hereby consent to the jurisdiction of the Superior Court of the State of Washington and the United States District Court for the District of Washington.
Accordingly, with respect to any such court action, the Executive (a) submits to the personal jurisdiction of such courts; (b) consents to service of process; and (c) waives any other requirement (whether imposed by statute, rule of
court, or otherwise) with respect to personal jurisdiction or service of process. 
 5. Enforceability. If any portion or
provision of this Agreement (including, without limitation, any portion or provision of any section of this Agreement) shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this
Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and
enforceable to the fullest extent permitted by law. 
 6. Waiver. No waiver of any provision hereof shall be effective unless
made in writing and signed by the waiving party. The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent any subsequent
enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 7. Notices. Any notices, requests,
demands and other communications provided for by this Agreement shall be sufficient if in writing and delivered in person or sent by a nationally recognized overnight courier service or by registered or certified mail, postage prepaid, return
receipt requested, to the Executive at the last address the Executive has filed in writing with the Bank or, in the case of the Employer, at its main offices, attention of the Employer’s Chief Executive Officer, and shall be effective on the
date of delivery in person or by courier or three (3) days after the date mailed. 
 8. Amendment. This Agreement may be
amended or modified only by a written instrument signed by the Executive and by a duly authorized representative of the Employer. 
 9.
Governing Law. This is a Washington contract and shall be construed under and be governed in all respects by the laws of the State of Washington, without giving effect to the conflict of laws principles of such State. With respect to
any disputes concerning federal law, such disputes shall be determined in accordance with the law as it would be interpreted and applied by the United States Court of Appeals for the Ninth Circuit. 
  

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 This Agreement has been executed as a sealed instrument by the Employer, by its duly authorized officer,
and by the Executive, as of the Effective Date. 
  

			
	BOSTON PRIVATE FINANCIAL HOLDINGS, INC.
		
	By:	 	  

		 	Walter M. Pressey
		 	President
	
	CHARTER BANK
		
	By:	 	  

		 	Authorized Officer
	
	  

	Terry A. Peterson

  

 6Employment Agreement dated as of February 23, 2007

 Exhibit 10.27 
 THIS AGREEMENT is made on 23rd February,
2007 between Critical Path BV whose principal place of business is situated at 42-47 Lower Mount Street, Dublin 2 (hereinafter referred to as “the Employer”)
and Barry Twohig of 15 Carrickbrack Lawn, Sutton, Dublin 13 (hereinafter referred to as “the employee”). 
 IT IS AGREED that
the Employer will employ the Employee and the Employee will serve the Employer as an Executive Vice President of Engineering under the following terms and conditions. 
  

	1.	Definitions and Interpretation: 

 In this agreement the following
expressions shall have the following meanings, namely: 
  

			
	 “Associated Company”
	  	a Company which is a subsidiary and any other company which is for the time being a holding company of the Employer or another subsidiary of any such holding company.
		
	 “Subsidiary”
	  	means a subsidiary for the time being of the Employer.
		
	 “The Board”
	  	means the Board of Directors for the time being of the Employer.
		
	 “Intellectual Property”
	  	includes letters patent, trade marks, whether registered or unregistered, registered or unregistered designs, utility models, copyrights, including design copyrights, applications for any of
the foregoing, and the right to apply for them in any part of the world, discoveries, creations, inventions or improvements upon or additions to any invention, confidential information, know-how and any research effort relating to any of the
above-mentioned matters.
		
	 “Incapacity”
	  	means any illness or other like cause incapacitating the Employee from attending to his duties.

 Words importing one gender include all other genders and words importing the singular include the plural and
vice-versa. 
 The clause headings do not form part of this Agreement and shall not be taken into account in its constructions or interpretation. 

 

	2.	Employment Date: 

 The Employee was employed with Critical Path, Inc. (the parent company of Employer) from 13th February
1995 and therefore the employment of the Employee shall be deemed to have commenced on 13th February
1995, notwithstanding that the Employee was transferred to work for the Employer on 01 March 2006. The Employee shall be obliged, upon termination of the Contract by him, to give
to the Employer 4 weeks notice in writing of his intention to terminate the Agreement. 
 Not withstanding the above, the Minimum Notice and Terms of
Employment Act 1973 - 1991 will apply. 
  

	3.	Duties: 

 The Employee shall during his employment under this
Agreement perform the duties which the Board through its authorised designate may from time to time properly assign to him in connection with the business of the Employer or the business of any one or more of its Associated Companies and/or
Subsidiaries. 
 Critical Path’s normal core work rota is Monday through Thursday 09:00 to 18:00 and Friday 09:00 to 17:00 but given the seniority of
the Employee’s role he will be expected to work outside these hours and no overtime will be payable. 

	4.	Remuneration and Benefits: 

 4.1   The remuneration
of the Employee shall accrue from day to day and shall comprise of a fixed salary at the rate of €200,000.00 per year and an additional contribution of €16,000 (=8% of the fixed salary) per year by Critical Path
to the Benefits Scheme detailed in section 4.2 below. 
 4.2   On your commencement date the Employee shall be eligible to participate in the
following schemes: 
  

			
	 •     Company Pension Scheme
 •     Life Assurance Scheme
	 	 •     Disability Benefit scheme
 •     Health Insurance scheme

 Full details of these schemes are more particularly set out in the Employees Handbook, a copy of which can be
obtained from the Company’s Human Resources Department upon request. 
  

	5.	Payment of Remuneration: 

 Remuneration will be by way of Direct
Debit to your bank account on the last Monday of the month in arrears of the month in which the remuneration was earned. Remuneration will be reviewed at such intervals as the Employer determines. On termination of employment, a final remuneration
payment will be made by cheque on the last day of employment irrespective of when the last Monday of that month occurs. 
  

	6.	Probation: 

 No probationary period applies to this contract.

  

	7.	Expenses: 

 The Employer shall by way of reimbursement pay to the
Employee all reasonable travelling and other expenses wholly exclusively and necessarily incurred by him in or about the performance of his duties under this Agreement provided that the Employee if so required by the Employer provides full and
reasonable evidence of the expenditure in respect of which he claims reimbursement. 
  

	8.	This clause is intentionally left blank. 

  

	9.	Illness: 

 The Employee shall continue to be paid during absence due
to incapacity (such payment to be inclusive of any statutory or social security benefits to which he may be entitled) for a total of up to two weeks in any one year of employment under this Agreement. Thereafter the Employee shall continue to be
paid his remuneration only at the sole discretion of the Employer. If such absence shall aggregate in all 12 weeks in any 52 consecutive weeks the Employer may terminate the employment of the Employee on a date not more than 14 days after the end of
the 12th week and in that event the Employer shall pay to the Employee a sum equal to eight weeks’ salary from the date of termination of his employment. 
  

	10.	Time and Attention: 

 During the continuance of his employment under
this Agreement the Employee shall devote his whole time and attention to the business of the Employer and shall not without the prior written consent of the Board either engage in any other business or be concerned or interested in any other
business of a similar nature to or in competition with that carried on by the Employer. 
  

	11.	Inventions: 

 The parties foresee that the Employee may make,
discover or create intellectual property in the course of his duties under this Agreement and agree that in this respect the employee has a special obligation to further the 

 
interests of the Employer. If at any time during his employment under this Agreement the Employee makes or discovers or participates in the making or
discovery of any intellectual property relating to or capable of being used in the business for the time being carried on by the Employer or any of its subsidiaries or associated companies full details of the intellectual property shall immediately
be communicated by him to the Employer and shall be the absolute property of the Employer. At the request of the Employer the Employee shall give and supply all such information, data, drawings and assistance as may be requisite to enable the
Employer to exploit the intellectual property to the best advantage and shall execute all documents and do all things which may be necessary or desirable for obtaining patent or other protection for the intellectual property in such parts of the
world as may be specified by the Employer and for vesting the same in the Employer or as it may direct. The Employee irrevocably appoints the Employer to be its attorney in his name and on his behalf to sign, execute or do any such instrument or
thing and generally to use his name for the purpose of giving to the Employer, or its Nominee, the full benefit of the provisions of this Clause and in favour of any third party, a certificate in writing signed by any Director or the Secretary of
the Employer, that any instrument or act falls within the authority conferred by this clause shall be conclusive evidence that such is the case. 
  

	12.	Confidentiality: 

 The Employee is aware that in the course of
employment under this Agreement he will have access to and be entrusted with information in respect of the business and financing of the Employer and its dealings, transactions and affairs, and likewise in relation to its Associated Companies, all
of which information is, or may be, confidential. The Employee shall not during or after the period of his employment under this Agreement divulge to any person whatever, or otherwise make use of any trade secret or any confidential information
concerning the business or finances of the Employer or any such confidential information concerning any of the Associated Companies. All notes, drawings, blueprints, specifications, devices, electronic media and memoranda of any trade secrets or
confidential information or any other materials containing or disclosing any such information concerning the business of the Employer or its Associated Companies or any of its suppliers, agents, distributors or customers, which shall be acquired,
received or made by the Employee during the course of his employment, shall be the property of the Employer and shall be surrendered by the Employee to someone duly authorised in that behalf at the termination of his employment or at the request of
the Board at any time during the course of his employment. 
 Employee agrees not to disclose or release to Employer or utilise for Employer any confidential
or proprietary information of any third party obtained by Employee under legal obligation of nondisclosure or restricted use with such third party regarding such information, to the extent required by such obligation, and for so long as such
obligation exists. 
  

	13.	General: 

 The obligations as set out in the two preceding
paragraphs of this Agreement shall be binding upon the heirs, assigns, and personal representatives of the Employee and shall subsist for the benefit of the Employer its successors and assigns. 
  

	14.	Summary termination of employment: 

 The employment of the Employee
may be terminated by the Employer without notice or payment in lieu of notice: 
  

	(a)	if the Employee is guilty of any gross default or misconduct in connection with or affecting the business of the Employer, or 

  

	(b)	in the event of any serious or repeated breach or non-observance by the Employee of any of the stipulations contained in this Agreement, or 

  

	(c)	is convicted of any indictable offence other than an offence which in the reasonable opinion of the Board does not affect his position as an Employee of the Company, or

  

	(d)	commits any serious act of dishonesty or repeated acts of dishonesty. 

	15.	Travel 

 The Employee may be required to travel on the business of
the Company or any of its Associated Companies and Subsidiaries. 
  

	16.	Non-Solicitation 

 The Employee covenants with the Employer that he
will not for the period of 12 months after ceasing to be employed under this Agreement without the prior written consent of the Board in connection with the carrying on of any business similar to or in competition with the business of the Employer
on his own behalf or on behalf of any person, firm, or company directly or indirectly: 
  

	(a)	seek to procure orders from or do business with any person firm or company who has at any time during the 12-month period immediately preceding such cessation of employment, done
business with the Employer or any Associated Company of the Employer, or 

  

	(b)	endeavour to entice away from the Company any person who has at any time during the 12-month period immediately preceding such been employed or engaged by the Employer or any
Associated Company. 

  

	17.	Miscellaneous: 

 This Agreement is governed by and shall be
construed in accordance with the Laws of Ireland and the parties hereto submit to the exclusive jurisdiction of the Irish Courts. This Agreement contains the entire understanding between the parties and supersedes all previous agreements and
arrangements if any relating to the employment of the Employee by the Employer (which shall be deemed to have been terminated by mutual consent). 
 Dated
this 23rd day of February 2007 
  

							
	CRITICAL PATH	    	EMPLOYEE
				
	 Signed
	 	 /s/    Sean O’Mahony
	    	 Signed
	  	 /s/    Barry Twohig

	 Name
	 	 Sean O’Mahony
 VP, International Finance
	    	 Name
	  	 Barry Twohig

				
	 Date
	 	 23 February 2007
	    	 Date
	  	 23 February 2007

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