Document:

EX-10.19

 Exhibit 10.19 
 TRANSCAT, INC. 
 AGREEMENT FOR SEVERANCE UPON CHANGE IN CONTROL

 This Agreement for Severance Upon Change in Control (this “Agreement”) is made and entered into as of
May 7, 2012, by and between Transcat, Inc., an Ohio corporation (the “Company”), having its principal place of business at 35 Vantage Point Drive, Rochester, New York 14624, and Charles P. Hadeed (the “Employee”).

 In consideration of the mutual covenants herein contained, the Company and the Employee, intending to be legally bound,
hereby agree as follows: 
 Section 1. Purpose of this Agreement. The Employee is a key officer and employee of the
Company. Although the Company does not presently anticipate a Change in Control, it nevertheless desires to (i) assure the continued loyalty, cooperation and services of certain key officers and employees of the Company if one should occur, and
(ii) provide for those individuals to receive compensation under certain circumstances in connection with a Change of Control, if one should occur. 
 Section 2. Definitions. For purposes of this Agreement, the following terms shall have the following respective meanings: 
 (a) A “Change in Control” shall have occurred if: 
 (i) the Company is
merged or consolidated with another entity and as a result thereof, less than fifty percent (50%) of the outstanding voting securities of the surviving or resulting entity shall then be owned in the aggregate by the former shareholders of the
Company; or 
 (ii) as a result, or in connection with, any tender offer or exchange offer, merger or other business
combination, or sale or other disposition of assets, or any combination of the foregoing transactions, the individuals who constitute the Board of Directors of the Company before any such transaction shall not constitute a majority of the board of
directors of the surviving or resulting entity; or 
 (iii) a tender offer or exchange offer for the ownership of securities of
the Company representing over twenty-five percent (25%) of the combined voting power of the Company’s then outstanding voting securities is made and consummated; or 
 (iv) any “person,” including a “group” within the meaning of Section 13(d)(3) of the Securities Act of 1934, as amended, but excluding any employee stock ownership plan or similar
employee benefit plan of the Company, is or becomes, directly or indirectly, the beneficial owner of securities of the Company representing over twenty-five percent (25%) of the combined voting power of the Company’s then outstanding
voting securities; or 

 (v) the Company transfers substantially all of its assets to another corporation that is
not a wholly-owned subsidiary of the Company. 
 (b) “Material Change” means any action by the Company or the
Successor during the Transition Period, without the Employee’s express written consent, that has the effect of: (i) downgrading the Employee’s title, or reducing the nature or scope of his responsibilities and duties, from those
applicable to him immediately prior thereto; or (ii) reducing the base salary payable to the Employee from that payable to him by the Company immediately prior thereto; or (iii) failing to provide the Employee with a package of fringe
benefits that, though one or more elements may vary from those in effect immediately prior thereto, is substantially comparable to such fringe benefits; or (iv) changing the location of the Employee’s principal place of employment to a
location that is outside the general metropolitan area of Rochester, New York. 
 (c) “Severance Amount” means the
obligation of the Successor to pay and continue the Employee’s full salary, bonus and benefits set forth in Section 3 hereof. 
 (d) “Successor” means any successor to the assets, rights or business of the Company as a result of a Change in Control. 
 (e) “Transition Period” means the time period beginning with the agreement for or announcement of a proposed Change in Control and ending twenty-four (24) months following the effective
date of any Change in Control. 
 (f) “Termination” or “retirement” means a “separation from
service” within the meaning provided by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury Regulations and other official guidance issued there under (collectively, “Section
409A”). 
 Section 3. Payment of Severance Amount. 

(a) If, during the term of the Employee’s employment as an officer of the Company, there shall occur a Change in Control, and during
the Transition Period, the Employee’s employment with the Successor terminates for any reason, then, subject to the qualifications set forth in Section 4 hereof, the Successor shall be obligated to pay and continue the Employee’s full
salary, bonus (at standard) and benefits (to the extent that the Employee’s continued participation is possible under the general terms and provisions of such plans and programs) as were in effect immediately preceding the Change in Control,
for a period of twenty-four (24) months following the effective date of termination of employment. Additionally, all Stock Grants, Option Grants, Stock Appreciation Rights or similar equity arrangements or long term performance awards (to be
settled in either equity or cash) shall be deemed to have immediately vested and any option exercise periods shall be extended for the term of the option. 
 (b) The Employee shall not be required to mitigate the Severance Amount by seeking other employment or otherwise, nor shall the Severance Amount be reduced or offset by any compensation earned by the
Employee as the result of his employment by another employer subsequent to the date of termination his employment with the Successor. 

  
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 Section 4. Effect of Certain Terminations. Notwithstanding Section 3 hereof, the
Employee shall not be entitled to, and the Successor shall have no obligation to pay, the Severance Amount if, during the Transition Period: 
 (a) The Employee voluntarily terminates his employment with the Company or the Successor. However, notwithstanding any or other seemingly voluntary departure, the Employee’s termination of employment
shall not be deemed voluntary for purposes of this Agreement if the Employee’s employment terminates in consequence of a Material Change. In such case, the Employee shall be entitled to receive, and the Successor shall be obligated to pay, the
Severance Amount. 
 (b) The Company or the Successor terminates the Employee’s employment for any of the following
reasons: (i) the Employee’s continuing to perform such (other than services constituting a Material Change) as may reasonably be assigned to him by the Successor; or (ii) the Employee’s willful misconduct or gross negligence in
the performance of his employment duties; or (iii) the Employee’s breach of his duty of loyalty to, or acts of unfair competition with, the Successor; or (iv) the Employee’s conviction of any crime or offense involving money,
property or personnel of the Successor, or of any other crime which constitutes a felony; or (v) the Employee’s illegal use, possession or being under the influence of any narcotic, controlled substance or alcoholic beverage while at work;
or (vi) any conduct by the Employee that, under applicable laws and regulations, disqualifies him from serving as an officer or employee of the Company. 
 (c) His employment terminates by reason of the Employee’s death, total disability, or normal retirement at or after age 65. 
 Section 5. Payment of Accrued Salary, Etc. This Agreement shall not affect the Employee’s right to receive all earned but unpaid salary, accrued but unpaid vacation pay, and submitted but
outstanding travel or other expenses due and owing from the Successor on the effective date of the termination of his employment, or any incentive compensation earned but unpaid prior to or coincidental with such date, all of which shall be paid by
the Successor to the Employee in accordance with the terms of such obligations. 
 Section 6. Withholding of Taxes. The
Successor may withhold from the Severance Amount all federal, state, city or other income or employment taxes as may be required under any law, governmental regulation or ruling. 

Section 7. Not an Employment Agreement. Nothing contained in this Agreement is intended, nor shall it be deemed, to give the
Employee any rights (or impose any obligations) to continued employment by the Company or the Successor, or give the Company or the Successor any rights (or impose any obligations) for the continued performance of duties by the Employee, or
otherwise alter the Employee’s status as an employee at will. 
 Section 8. Amendment. This Agreement sets forth the
entire understanding of the parties with respect to its subject matter, and may not be modified or terminated except upon written amendment executed by the Employee and the Company (or, if subsequent to the Change in Control, by the Employee and the
Successor). 

  
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 Section 9. No Assignment. The Employee’s right to the Severance Amount hereunder
shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than a transfer by will or by the laws of descent or distribution. In the event of any attempted assignment or transfer contrary to this
Section, the Successor shall have no liability to pay the Severance Amount or any portion thereof so attempted to be or transferred. 
 Section 10. Benefit. This Agreement shall be binding upon, and shall inure to the benefit and be enforceable by, the Employee and his personal or legal representatives, executors, administrators,
heirs and distributes. This Agreement shall be binding upon, and shall inure to the benefit of and be enforceable by, the Company and the Successor and their respective successors and assigns. 

Section 11. Notices. Notices and all other communications under this Agreement shall be in and shall be deemed given when
personally delivered or when mailed by United States or certified mail, return receipt requested, postage prepaid, addressed to the Company or to the Successor (as the case may be) at the address set forth in the first paragraph of this Agreement,
and addressed to the Employee at his residence address as shown on the records of the Company or the Successor (as the case may be), or to such other address as either party may furnish to the other by like notice; provided, however, that notices of
changes of address shall be effective only upon receipt. 
 Section 12. Applicable Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of Ohio applicable to agreements made and to be performed entirely within such State. 
 Section 13. Severability. If a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity or unenforceability of that provision
shall not affect the validity or enforceability or any other provision of this Agreement, and all other provisions shall remain in full force and effect. 
 Section 14. Six Month Waiting Period. Notwithstanding anything to the contrary, to the extent that any payments under this Agreement are subject to a six-month waiting period under
Section 409A, any such payments that would be payable before the expiration of six months following the Employee’s separation from service but for the operation of this sentence shall be made during the seventh month following the
Employee’s separation from service. 
 Section 15. Section 409A. This Agreement and the compensation and
benefits provided hereunder are intended to be exempt from or to comply with the requirements of Section 409A, and shall be interpreted and administered consistent with such intent. 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the day and year first above written. 

 

							
	TRANSCAT, INC.	 		 	
				
	By:	 	/s/ Carl E. Sassano	 		 	/s/ Charles P. Hadeed
	Carl E. Sassano, Chairman of the Board	 		 	Charles P. Hadeed

  
 4Agreement

 Exhibit 10.1 
 June 18, 2012 
 Edward C. Hauck 
 Senior Executive Vice President and 
 Chief Operating Officer 

S&T Bank 
 800 Philadelphia Street

 Indiana, PA 15701 
 Dear Ed:

 The Board of Directors has asked me to accept on its behalf your decision to retire as Senior Executive Vice President and
Chief Operating Officer of S&T Bancorp and S&T Bank (together, the “Bank”) effective March 29, 2013. This letter agreement (this “agreement”) sets forth the terms of your transition to retirement and your eligibility
for certain benefits upon your retirement. 
 1. Employment During Transition to Retirement. From the date of this
agreement until your retirement on March 29, 2013, you will continue to serve in your current capacity as Senior Executive Vice President and Chief Operating Officer on a full-time schedule to be mutually agreed upon between you and the Bank
and at such work locations as mutually agreed upon between you and the Bank from time to time. 
 2. Eligibility Under
Supplemental Health Coverage Plan. Following your retirement on March 29, 2013, you (and your spouse) will be covered by the S&T Bancorp, Inc. Supplemental Health Coverage Plan (the “SHCP”) under which you will be eligible for
continued medical coverage subject to the terms and conditions of the SHCP, except that paragraph 8 of the SHCP will not apply. By signing this letter agreement, you acknowledge that you have read the SHCP and agree to its terms and conditions (as
modified by the preceding sentence). 
 3. Certain Restrictive Covenants. 

(a) You agree that while SHCP coverage is available to you after your retirement (not taking into account any loss of SHCP coverage due
to your electing coverage under another employer’s medical plan, your non-payment of required premiums, or other actions on your part), you will not, directly or indirectly: 

(i) become involved in any manner (as an employee, director, or otherwise) with any commercial bank or savings institution headquartered
in, or that has branches or conducts operations in, any of the counties within the Commonwealth of Pennsylvania in which the Bank conducts operations as of the date of this agreement or the date of your retirement, provided that clause
(i) shall not apply to bar you from providing consulting services to any commercial bank or savings institution; 

 (ii) solicit business of the same or similar type being carried on by the Bank from any
person or entity known by you to be a customer of the Bank, whether or not you had personal contact with such person or entity by reason of your employment with the Bank; or 
 (iii) whether for yourself or any other person or entity, solicit, employ, or otherwise engage as an employee, independent contractor, or otherwise, any employee of the Bank or induce or attempt to induce
any employee of the Bank to terminate his or her employment with the Bank. 
 (b) Upon your termination of your service with the
Bank, you will return to the Bank any Bank property you have in your possession and any confidential information or documents you have in your possession, including but not limited to computers, reports, manuals and any other documents or property
provided by the Bank or its affiliates or developed by you in whole or in part in connection with your employment by the Bank or its affiliates. In addition, unless required by law, you will not disclose to others or use for any purpose (other than
for the benefit of the Bank while employed by the Bank) any of the Bank’s confidential information, including but not limited to projections and budgets, business plans, or information about customers and vendors. 

(c) You acknowledge and agree that the performance by you, and the enforcement by the Bank, of this paragraph 3 will cause no undue
hardship on you and that you are receiving adequate consideration for your agreement to the terms of this paragraph 3. You also acknowledge and agree that the services you provide (and have provided) to the Bank are personal and unique and that the
Bank would be irreparably harmed if you were to engage in conduct prohibited by this agreement. If you breach any of your obligations under this agreement, (i) your coverage under the SHCP will immediately terminate and the Bank will be
entitled to recover prior payments provided to you under the SHCP and (ii) the Bank will be entitled to obtain all other available relief, including immediate injunctive relief. 

4. Judicial Modification. If any provision of this agreement is held to be unenforceable, then this agreement will be deemed
amended to the extent necessary to render the otherwise unenforceable provision, and the rest of the agreement, valid and enforceable. If a court declines to amend this agreement as provided herein, the invalidity or unenforceability of any
provision of this agreement shall not affect the validity or enforceability of the remaining provisions, which shall be enforced as if the offending provision had not been included in this agreement. 

5. Successors and Assigns. This agreement will inure to the benefit of and be binding upon you, your legal representatives and
estate, and the Bank, its successors and assigns, including any successor by merger, consolidation or otherwise. 
 6. Entire
Agreement. This agreement embodies the complete agreement and understanding between the parties hereto relating to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the
parties, written or oral, which may have related to the subject matter hereof in any way; provided, 

  
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however, and for sake of clarity, this agreement does not alter your status as an at-will employee and the Bank retains the right to terminate your employment at any time for any reason or for no
reason. 
 7. Amendment. This agreement may not be modified or amended, except by written agreement between the parties
hereto. 
 8. Counterparts. This agreement may be executed by the parties hereto in counterpart, each of which shall be
deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 
 9. Governing
Law. This agreement shall be governed by and construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania without reference to conflicts of law principles, except to the extent governed by federal law in which case
federal law shall govern. 
 The Board would like to express its appreciation for your outstanding record of achievement for the
Bank over the past 38 plus years and wishes you all the best in the future. 
  

	
	Very truly yours,
	
	/s/ Todd D. Brice
	Todd D. Brice, President and CEO
	On behalf of S&T Bancorp and S&T Bank

  

	
	Agreed and accepted
	as of the date first above written
	
	 /s/ Edward C. Hauck

	Edward C. Hauck

  
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