Document:

Exhibit 10.1

 

SETTLEMENT AND RELEASE AGREEMENT

 

This Settlement and
Release Agreement (the “Agreement”) is entered into as of January 26, 2021 by and among Howard H. Nolan
(the “Executive”), Bridge Bancorp, Inc., a New York corporation (“Bridge”), and BNB
Bank.

 

WITNESSETH:

 

WHEREAS, Bridge
and Dime Community Bancshares, Inc. have entered into an Agreement and Plan of Merger, dated as of July 1, 2020 (the
 “Merger Agreement”), and all capitalized terms not defined herein shall have the meaning set forth in the Merger
Agreement; and

 

WHEREAS, Bridge,
BNB Bank, and the Executive desire to enter into this Agreement, which shall supersede the Amended and Restated Employment Agreement
by and among Bridge, BNB Bank and the Executive, dated June 26, 2015, as amended (the “Employment Agreement”),
effective immediately prior to the Effective Time of the Merger, and in lieu of any rights and payments under the Employment Agreement,
the Executive shall be entitled to the rights and payments set forth herein (which for the avoidance of doubt, the parties agree
shall be the rights and payments to which the Executive is entitled in the event of the Executive’s termination of employment
for “Good Reason” following a “Change in Control” (as such terms are defined in the Employment Agreement)).

 

NOW THEREFORE,
in consideration of the foregoing and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged,
the Executive, Bridge, BNB Bank agree as follows:

 

1.            Cancellation
of Employment Agreement and Termination of Employment. Immediately prior to the Effective Time of the Merger, the Employment
Agreement shall be cancelled in its entirety, and the parties thereto shall have no further rights or obligations thereunder and
the Executive’s employment shall terminate.

 

2.            Settlement
Amount. Provided the Executive is employed with Bridge and BNB Bank on the Closing Date and the Executive has executed the
release attached as Exhibit A hereto as of January 21, 2021 (and any revocation period has lapsed), Bridge shall,
or shall cause an affiliate to, pay to the Executive a lump-sum cash amount equal to: (a) the estimated total of $2,343,264, in full satisfaction of the payment obligations of Bridge and BNB Bank under the Employment Agreement, (the total of such sum,
the “Employment Agreement Amount”) with such amount to be further reduced pursuant to Section 4
hereof as may be needed. The Employment Agreement Amount shall be paid to the Executive in a lump sum on February 1, 2021
(provided that the Executive has not revoked the release).

 

3.            For
the avoidance of doubt, the payment of the Employment Agreement Amount under this Agreement shall not release Bridge or BNB Bank,
as applicable, from any of the following obligations: (a) obligations to pay to the Executive accrued but unpaid wages, and
make payments for accrued but unused vacation, earned up to the Effective Time of the Merger to the extent required by applicable
law; (b) the payment of any of the Executive’s vested benefits under the tax-qualified and non-qualified plans of Bridge
or BNB Bank, including any benefits that become vested as a result of the Merger; (c) obligations regarding accelerated vesting
of equity awards under any equity awards granted by Bridge to the Executive and outstanding immediately prior to the Effective
Time; (d) the payment of the Merger Consideration with respect to the Executive’s common stock of Bridge as contemplated
by the Merger Agreement; (e) rights to indemnification under applicable corporate law, the organizational documents of Bridge
or BNB Bank, as an insured under any director’s and officer’s liability insurance policy new or previously in force,
or pursuant to the Merger Agreement; or (f) the Executive’s right to elect health care continuation coverage pursuant
to COBRA.

 

     

     

    

 

4.            Section 280G
Cut-Back. Notwithstanding anything in this Agreement to the contrary, if the Employment Agreement Amount provided for in this
Agreement, together with any other payments which the Executive has the right to receive from Bridge, BNB Bank, or any corporation
which is a member of an “affiliated group” (as defined in Section 1504(a) of the IRC, without regard to Section 1504(b) of
the IRC) of which Bridge or BNB Bank is a member, would constitute an “excess parachute payment” (as defined in Section 280G(b)(1) of
the IRC), payments pursuant to this Agreement shall be reduced to the extent necessary to ensure that no portion of such payments
will be subject to the excise tax imposed by Section 4999 of the IRC. It is not expected that the Employment Agreement Amount
will be reduced pursuant to this Section 4.

 

5.            No
Further Adjustment. The parties hereby agree that the Employment Agreement Amount as determined in the manner provided under
Section 2 and Section 4 hereof is final and binding on all parties and shall not otherwise be subject to
further adjustment.

 

6.            Complete
Satisfaction. In consideration of the payment of the Employment Agreement Amount and the other provisions of this Agreement,
the Executive, Bridge, and BNB Bank hereby agree that effective immediately following the Effective Time of the Merger, the Executive
agrees that the full payment of the Employment Agreement Amount, as determined in accordance Section 2 and Section 4,
shall be in complete satisfaction of all rights to payments due to Executive under the Employment Agreement.

 

7.            Code
Section 409A Compliance. The intent of the parties is that payments under this Agreement either be exempt from or comply
with Code Section 409A and the Treasury Regulations and guidance promulgated thereunder and, accordingly, to the maximum
extent permitted, this Agreement shall be interpreted to be in compliance therewith. To that end, Executive, Bridge, and BNB Bank
agree that the payment described in Section 2 is intended to be excepted from compliance with Code Section 409A
as a short-term deferral pursuant to Treasury Regulation Section 1.409A-1(b)(4).

 

8.            General.

 

8.1            Heirs,
Successors, and Assigns. The terms of this Agreement shall be binding upon the parties hereto and their respective heirs, successors,
assigns and legal representatives.

 

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8.2            Final
Agreement. This Agreement represents the entire understanding of the parties with respect to the subject matter hereof and
supersedes all prior understandings, written or oral, except as set forth in a non-competition and consulting agreement by and
between Bridge, BNB Bank and the Executive. The terms of this Agreement may be changed, modified, or discharged only by an instrument
in writing signed by each of the parties hereto.

 

8.3            Withholdings.
Bridge and BNB Bank may withhold from any amounts payable under this Agreement such federal, state, or local taxes as may be required
to be withheld pursuant to applicable law or regulation.

 

8.4            Governing
Law. This Agreement shall be construed, enforced, and interpreted in accordance with and governed by the laws of the State
of New York, without reference to its principles of conflicts of law, except to the extent that federal law shall be deemed to
preempt such state laws.

 

8.5            Regulatory
Limitations. Notwithstanding any other provision of this Agreement, neither Bridge nor BNB Bank shall be obligated to make,
and Executive shall have no right to receive, any payment under this Agreement which would violate any law, regulation, or regulatory
order applicable to Bridge or BNB Bank, as applicable, at the time such payment is due, including, without limitation, Section 1828(k)(1) of
Title 12 of the United States Code and any regulation or order thereunder of the Federal Deposit Insurance Corporation.

 

8.6            Voluntary
Action and Waiver. The Executive acknowledges that by his free and voluntary act of signing below, the Executive agrees to
all of the terms of this Agreement and intends to be legally bound thereby. The Executive acknowledges that he has been advised
to consult with an attorney prior to executing this Agreement.

 

8.7            Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together
shall constitute one and the same instrument.

 

9.            Effectiveness.
Notwithstanding anything to the contrary contained herein, this Agreement shall be subject to consummation of the Merger in accordance
with the terms of the Merger Agreement, as the same may be amended by the parties thereto in accordance with its terms. In the
event the Merger Agreement is terminated for any reason or the Merger does not occur, this Agreement shall be deemed null and void.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, Bridge and BNB
Bank have each caused this Agreement to be executed by their duly authorized officers, and the Executive has signed this Agreement,
effective as of the date first above written.

 

 

	 	EXECUTIVE

 

 

	 	/s/ Howard H. Nolan 

	 	Howard H. Nolan

 

	 	BRIDGE BANCORP, INC.

 

	 	By:	/s/ Kevin O'Connor 

	 	Name:	Kevin O'Connor 

	 	Title:	Chief Executive Officer 

 

 

	 	BNB BANK

	

 

	 	By:	/s/ Kevin O'Connor 

	 	Name:	Kevin O'Connor 

	 	Title:	Chief Executive Officer 

 

[SIGNATURE PAGE TO THE SETTLEMENT AND
RELEASE AGREEMENT]

 

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EXHIBIT A

 

RELEASE OF CLAIMS

 

I, Howard H. Nolan, (hereinafter, the “Employee”),
in consideration of the Employment Agreement Amount as described below and the other obligations set forth at Section 2 of
the Settlement Agreement, on behalf of himself and his heirs and assigns, hereby irrevocably and unconditionally releases and forever
discharges, individually and collectively, Bridge Bancorp, Inc., a New York corporation (“Bridge”), and
BNB Bank, a wholly-owned subsidiary of Bridge, their affiliated companies, and each of their respective officers, directors, employees,
shareholders, representatives, parent companies, subsidiaries, predecessors, successors, assigns, attorneys and all persons acting
by, through or in concert with them (collectively, the “Released Parties”), of and from any and all charges,
claims, complaints, demands, liabilities, causes of action, losses, costs or expenses of any kind whatsoever (including related
attorneys' fees and costs), known or unknown, suspected or unsuspected, that Employee may now have or has ever had against the
Released Parties by reason of any act, omission, transaction, or event occurring up to and including the date of the signing of
this Agreement.

 

This waiver, release and discharge (“Release”)
includes without limitation, claims related to any wrongful or unlawful discharge, discipline or retaliation, whether express or
implied, any promotions or demotions, compensation, the Bridge or BNB Bank's benefit plan(s) and the management thereof, defamation,
slander, libel, invasion of privacy, misrepresentation, fraud, infliction of emotional distress, stress, breach of any covenant
of good faith and fair dealing, and any other claims relating to the Employee's employment with the Bridge or BNB Bank and the
termination thereof. This Release further applies but is not limited to any claim of any types of discrimination under the Age
Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Worker Adjustment and Retraining Notification Act,
Title VII of the Civil Rights Act of 1964, as amended, the Americans with Disabilities Act, claims for emotional distress, mental
anguish, personal injury, loss of consortium; any and all claims that may be asserted on your behalf by others (including the Equal
Employment Opportunity Commission), or any other federal, state, or local law, rule, regulation including those relating to discrimination
to the extent permitted by law; provided, however, that, notwithstanding anything in this Release to the contrary, this Release
does not apply to any of the items described in Sections 2 and 3 of the Settlement Agreement between Bridge, BNB Bank and the Employee,
dated January 26, 2021 (the “Settlement Agreement”)

 

Employee expressly waives all claims, including
those which he does not know or suspect to exist in his favor as of the date of this Agreement against the Released Parties. As
used herein, the Employee understand the word "claims" to include all actions, claims, and grievances, whether actual
or potential, known or unknown, and specifically but not exclusively including all claims against the Bridge or BNB Bank or otherwise
arising from Employee’s employment with the BNB Bank, the termination thereof or any other conduct occurring on or prior
to the date the Employee signs this Release. All such claims are forever barred by this Release whether they arise in contract
or tort or under a statute or any other law.

 

     

     

    

 

This Release shall not be interpreted
to waive, release, or extinguish any rights that – by express and unequivocal terms of law — may not under any circumstances
be waived, released, or extinguished, and this Agreement does not prohibit Employee from filing a charge with or participating
in an investigation conducted by the Securities and Exchange Commission. Finally, this Release does not waive claims that the
Employee could make, if available, for unemployment or workers’ compensation.

 

EMPLOYMENT AGREEMENT AMOUNT. In
return for Employee's execution of and adherence to this Release, BNB Bank shall pay the Employee the Employment Agreement Amount
as set forth in the Settlement Agreement.

 

INJUNCTIVE RELIEF. Employee acknowledges
and recognizes that a violation of this Release and its covenants will cause irreparable damage to Bridge and BNB Bank and Bridge
and BNB Bank will have no adequate remedy at law for such violation. Accordingly, Employee agrees that the Bridge and BNB Bank
will be entitled, as a matter of right, to seek an injunction from any court of competent jurisdiction restraining any further
violation of this Release or the terms and conditions provided herein. This right to injunctive relief will be cumulative and in
addition to whatever remedies the parties may otherwise have at law.

 

CONSIDERATION
AND REVOCATION PERIOD. I acknowledge that I am hereby advised to consult with an attorney before signing this Release. I further
understand that I may consider this Release for up to forty-five (45) days before deciding whether to sign it. If I signed this
Release before the expiration of that forty-five (45) day period, I acknowledge that such decision was entirely voluntary.
I understand that if I do not sign and return this Release to the BNB Bank by the end of that forty-five (45) day period, the Employment
Agreement Amount described above will expire. I understand that for a period of seven (7) days
after I execute this Release, I have the right to revoke it by a written notice to be received by the Bridge Bank by the end
of that period. I also understand that this Release shall not be effective or enforceable until the expiration of that seven (7) day
period. I further represent and agree that I have carefully read and fully understand all of the provisions of this Release and
that I am voluntarily agreeing to those provisions. I acknowledge that I have not been induced to sign this Release by any representatives
of any released party other than the Employment Agreement Amount as stated above.

 

Employee understands and agrees that Employee
has carefully read and fully understands all of the provisions of this Release and knowingly and voluntarily agrees to all of the
terms set forth in this Release. Employee knowingly and voluntarily intends to be legally bound by the same.

 

IN WITNESS WHEREOF,
the Employee has executed this Release of Claims Agreement.

 

	 	EMPLOYEE

 

 

	Date:	January 21, 2021 	 	/s/ Howard H. NolanExhibit 10.2

 

NON-COMPETITION AND CONSULTING AGREEMENT

 

THIS NON-COMPETITION AND CONSULTING AGREEMENT (this “Agreement”),
dated as of January 26, 2021, is entered into by and among Bridge Bancorp, Inc., a New York corporation (“Bridge”),
BNB Bank, a wholly owned subsidiary of Bridge, and Howard H. Nolan (“Mr. Nolan” and together with Bridge
and BNB Bank, the “Parties”).

 

WHEREAS, Bridge
and Dime Community Bancshares, Inc. (“Dime Community Bancshares”) have entered into an Agreement and Plan of Merger,
dated as of July 1, 2020 (the “Merger Agreement”), pursuant to which Dime Community Bancshares will be
merged with and into Bridge (the “Merger”), with Bridge as the surviving entity to be operated under the name Dime
Community Bancshares; and

 

WHEREAS, following
the Merger, Dime Community Bank will be merged with and into BNB Bank, with BNB Bank as the surviving institution (the “Bank
Merger”) to be operated under the name Dime Community Bank; and

 

WHEREAS, Mr. Nolan
currently is employed as Senior Executive Vice President, Chief Operating Officer and Corporate Secretary of Bridge and BNB Bank;
and

 

WHEREAS, as
the result of the Merger, the employment of Mr. Nolan will be terminated; and

 

WHEREAS, in
connection with the Merger, the Parties contemplate that Mr. Nolan will serve in a consultant capacity to BNB Bank during
the Consulting Period (as defined below).

 

NOW THEREFORE,
in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt
and sufficiency whereof is hereby acknowledged, the Parties hereto agree, effective as of the Closing (as defined in the Merger
Agreement), as follows:

 

1.            Termination
of Employment.

 

(a) Termination
Date. The Parties agree that the Closing Date shall be the last day of Mr. Nolan’s employment with Bridge and
BNB Bank and that Mr. Nolan’s employment and service as the Senior Executive Vice President, Chief Operating Officer
and Corporate Secretary of Bridge and BNB Bank shall terminate as of the Closing Date. Effective as of the Closing Date, Mr. Nolan
hereby resigns from all positions as an officer, director, benefit plan trustee or otherwise with respect to Bridge and BNB Bank
or any of their subsidiaries and Mr. Nolan is not required to provide further notice of such resignations.

 

(b) Consideration.
The Parties hereto acknowledge and agree that the Parties are entering into this Agreement in consideration of the premises and
mutual covenants contained herein and in consideration of the benefits received by Mr. Nolan in connection with this Agreement.
For purposes of Section 280G of the Internal Revenue Code of 1986, as amended, the Parties hereto agree that the fair market
value of the non-competition and non-solicitation restrictions in Sections 4(a) and 4(b) of this Agreement is $780,000
(the “Consideration”).

 

     

     

    

 

2.            Consulting
Services and Term of Services.

 

(a) Services. 
During the Consulting Period, as defined below, Mr. Nolan shall provide the following services to Bridge and BNB Bank (the
 “Services”): (a) contact and make himself available to former BNB Bank customers in order to encourage
them to continue their relationships with BNB Bank, (b) provide services relating to the post-closing integration of Dime
Community Bank with and into the Bank, including the data systems conversion, (c) work with and assist in the preparation
of the Annual Report on Form 10-K for the year ended December 31, 2020 and the proxy statement for the annual meeting
of shareholders of Bridge to be held following the year ended December 31, 2020, and (d) perform such other services
as may be reasonably requested by BNB Bank from time to time and that are consistent with Mr. Nolan’s duties and responsibilities
immediately prior to the Closing Date. During the Consulting Period, Mr. Nolan agrees to perform his duties diligently and
to the best of his ability, and not to do anything that could reasonably be expected to be detrimental to the best interests of
Bridge and BNB Bank, to use his best efforts, skill and ability to promote the interests of Bridge and BNB Bank and to devote such
portion of his time, attention, energy, skill and efforts to the business and affairs of Bridge and BNB Bank as reasonably required
to fulfill the duties assigned to him under this Agreement. The Bank, Bridge and Mr. Nolan agree that Mr. Nolan’s
services shall not exceed one-hundred sixty (160) hours per month. The Consulting Period shall begin the day after the Closing
Date and shall terminate on June 30, 2021 (the “Consulting Period”). Thereafter, this agreement may be extended
or amended by mutual agreement upon 30 days notice prior to June 30, 2021. References to Bridge shall mean Dime Community
Bancshares following the Merger and references to BNB Bank shall mean Dime Community Bank following the Bank Merger.

 

(b) Consulting
Fee. In exchange for the Services performed hereunder, Bridge and BNB Bank agree to pay Mr. Nolan $50,000 per month,
pro-rated as necessary for a partial month, during the Consulting Period (the “Consulting Fee”). The Consulting
Fee for the Services shall be paid within ten (10) days following the last day of each calendar month during the Consulting
Period.  The Consulting Fee shall be pro-rated for any month in which the Consulting Period expires.

 

(c) Expense
Reimbursement.  After the Closing Date, Bridge and BNB Bank shall reimburse Mr. Nolan for reasonable business expenses
incurred during the course of performing the Services during the Consulting Period, in a manner consistent with the applicable
expense reimbursement policies of Bridge and BNB Bank, provided that such reimbursement shall be made as soon as practicable but
in no event later than thirty (30) days after which such right to such reimbursement occurred.

 

(d) Administrative
Matters. During the Consulting Period, subject to compliance with all applicable Bridge policies and procedures, Mr. Nolan
shall be provided with his current office space with reasonable existing secretarial support. In addition, following the Closing
Date, Bridge shall take such steps as are necessary to transfer Mr. Nolan’s current cell phone number to his name and
allow Mr. Nolan to retain ownership of his current laptop computer.

 

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(e) Status
as Independent Contractor. In all matters relating to the Services, Mr. Nolan shall be acting as an independent
contractor. Neither Mr. Nolan, nor any affiliated employees or subcontractors, shall be the agent(s) or employee(s) of
Bridge or BNB Bank under the meaning or application of any federal or state laws, including but not limited to unemployment insurance
or worker’s compensation laws. Mr. Nolan will be solely responsible for all income, business or other taxes imposed
on the recipient and payable as a result of the fees paid for the Services. Mr. Nolan shall not sign any agreement or
make any commitments on behalf of Bridge or BNB Bank or bind Bridge or BNB Bank in any way, nor shall Mr. Nolan make any
public statements concerning the Services that purport to be on behalf of Bridge or BNB Bank, in each case without prior express
written consent from Bridge or BNB Bank. Except as otherwise may conflict with the other provisions of this Agreement, Mr. Nolan
shall perform the Services on a non-exclusive basis and shall be free to accept other engagements during the term of this Agreement.
The Parties hereby acknowledge and agree that neither Bridge nor BNB Bank has the right to control the manner, means, or method
by which Mr. Nolan performs the Services.

 

3.            Restrictive
Covenants and Term of Restricted Period.

 

(a) Non-Competition. In
exchange for the Consideration in Section 1(b) of this Agreement, during the period commencing on the Closing Date and
ending thirteen (13) months following the Closing Date (the “Restricted Period”), Mr. Nolan shall not, directly
or indirectly, become an officer, employee, consultant, director, independent contractor, agent, sole proprietor, joint venturer,
greater than 5% equity-owner or stockholder, partner or trustee of any savings bank, savings and loan association, savings and
loan holding company, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker that
has its main office, or a majority of its branch offices, in Nassau and/or Suffolk Counties, New York.

 

(b) Non-Solicitation. In
exchange for the Consideration in Section 1(b) of this Agreement, during the Restricted Period, Mr. Nolan shall
not, directly or indirectly, (i) solicit, offer employment to, or take any other action intended (or that a reasonable person
acting in like circumstances would expect) to have the effect of causing any officer or employee of BNB Bank, Bridge or any of
their respective subsidiaries or affiliates to terminate his or her employment and accept employment or become affiliated with,
or provide services for compensation in any capacity whatsoever to, any business whatsoever that competes with the business of
BNB Bank or Bridge or any of their direct or indirect subsidiaries or affiliates or has headquarters or offices within the counties
in which BNB Bank or Bridge has business operations or has filed an application for regulatory approval to establish an office;
or (ii) solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable
person acting in like circumstances would expect) to have the effect of causing any customer of BNB Bank or Bridge to terminate
an existing business or commercial relationship with BNB Bank or Bridge.

 

(c) Disparaging
Comments. Commencing on the Closing Date and thereafter, Mr. Nolan shall not at any time, directly or indirectly,
make, publish or communicate to any person or entity or in any public forum any comments or statements, whether expressed as a
fact, opinion or otherwise, which is intended or reasonably likely to disparage, malign, defame, libel or slander Bridge, BNB Bank
or their subsidiaries or affiliates, together with all of their respective past and present directors and officers, as well as
their respective past and present managers, officers, shareholders, partners, employees, agents, attorneys, suppliers, investors,
customers, and other associated third parties, and each of their predecessors, successors and assigns (the “Bridge Entities
and Persons”) or make any disparaging or defamatory comments concerning any aspect of the termination of his employment
relationship with BNB Bank or Bridge. Bridge shall instruct its officers and directors not to make or issue any statement
that disparages Mr. Nolan to any third parties or otherwise encourage or induce others to disparage him. The term “disparage”
includes, without limitation, comments or statements adversely affecting in any manner (i) the conduct of the business of
Bridge Entities and Persons or Mr. Nolan, or (ii) the business reputation of Bridge Entities and Persons or Mr. Nolan.
Nothing in this Agreement is intended to or shall prevent either Party from complying with any applicable law or regulation or
a valid order of a court of competent jurisdiction or an authorized government agency, provided that such compliance does not exceed
that required by the law, regulation, or order. The Parties shall promptly provide written notice of any such order to the other
Party.

 

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(d) Confidentiality. All
books of account, records, systems, correspondence, documents, and any and all other data, in whatever form, concerning or containing
any reference to the works and business of Bridge, BNB Bank or their affiliates shall belong to Bridge and shall be given up to
Bridge whenever Bridge requires Mr. Nolan to do so. Mr. Nolan shall not, at any time on or after the Closing Date,
without Bridge’s prior written consent, disclose to any person (individual or entity) any information or any trade secrets,
plans or other information or data, in whatever form (including, without limitation, any financing strategies and practices, pricing
information and methods, training and operational procedures, advertising, marketing, and sales information or methodologies or
financial information concerning Bridge’s, BNB Bank’s, or any of their affiliated companies’ or customers’
practices, businesses, procedures, systems, plans or policies (collectively, “Confidential Information”), nor
shall Mr. Nolan utilize any Confidential Information in any way or communicate with or contact any such customer other than
in connection with the Services. Mr. Nolan confirms that all Confidential Information constitutes Bridge’s exclusive
property, and that all of the restrictions on his activities contained herein and such other nondisclosure policies of Bridge,
BNB Bank or their affiliates are required for Bridge’s reasonable protection. Confidential Information shall not include
any information that has otherwise been disclosed to the public not in violation of this Agreement. This confidentiality provision
shall survive the termination of this Agreement and shall not be limited by any other confidentiality agreements entered into with
Bridge, BNB Bank or their affiliates. Pursuant to Section 7 of the Defend Trade Secrets Act of 2016 (which added 18 U.S.C.
 § 1833(b)), Mr. Nolan acknowledges that he shall not have criminal or civil liability under any federal or State trade
secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government
official, either directly or indirectly, or to an attorney and (ii) solely for the purpose of reporting or investigating a
suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such
filing is made under seal. Nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability
for disclosures of trade secrets that are expressly allowed by such statute. Notwithstanding anything in this Agreement to
the contrary, the provisions of this Section 6 do not prohibit Mr. Nolan from reporting violations of federal or state
law or regulation to any governmental agency or from making other disclosures that are protected under the whistleblower provisions
of federal or state law or regulation, nor do the confidentiality obligations require Mr. Nolan to notify Bridge regarding
any such reporting, disclosure or cooperation with the government.

 

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4.            Cooperation. During
the twelve (12) month period following the Closing Date, Mr. Nolan agrees to make himself reasonably available (after taking
into account his reasonable personal and professional schedule) to cooperate with Bridge in matters that concern: (i) requests
for information about the services Mr. Nolan provided to Bridge, its affiliates and their predecessors, (ii) the defense
or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of Bridge,
its affiliates and their predecessors which relate to events or occurrences involving the Services or to matters involving Bridge
and BNB Bank, or (iii) any investigation or review by any federal, state or local regulatory, quasi-regulatory or self-governing
authority as any such investigation or review relates to events or occurrences that transpired while Mr. Nolan was providing
the Services to Bridge, or to matters involving Bridge and BNB Bank. Mr. Nolan’s cooperation shall include, but
is not limited to: (A) making himself reasonably available to meet and speak with officers or employees of Bridge, Bridge’s
counsel or any third-parties at the request of Bridge at times and locations to be determined by Bridge reasonably and in good
faith, and (B) giving accurate and truthful information at any interviews and accurate and truthful testimony in any legal
proceedings or actions. Unless required by law or legal process, Mr. Nolan will not knowingly or intentionally furnish
information to or cooperate with any non-governmental entity in connection with any potential or pending proceeding or legal action involving
matters arising during Mr. Nolan’s employment with Bridge, its affiliates and their predecessors.

 

5.            Section 409A;
Other Tax Matters. The Parties intend for the payments and benefits under this Agreement to be exempt from Section 409A
or, if not so exempt, to be paid or provided in a manner which complies with the requirements of such section and intend that this
Agreement shall be construed and administered in accordance with such intention. Any payments that qualify for the “short-term
deferral” exception or another exception under Section 409A shall be paid under the applicable exception. For purposes
of the limitations on nonqualified deferred compensation under Section 409A, each payment of compensation under this Agreement
shall be treated as a separate payment of compensation.

 

6.            Withholding.
Notwithstanding any other provision of this Agreement, Bridge or BNB Bank may withhold from amounts payable under this Agreement
all amounts that are required or authorized to be withheld, including, but not limited to, federal, state, local and foreign taxes
required to be withheld by applicable laws or regulations.

 

7.            Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without
regard to the application of any choice-of-law rules that would result in the application of another state’s laws.

 

8.            Entire
Agreement. This Agreement sets forth the entire agreement between the Parties concerning Mr. Nolan’s service
as a consultant to Bridge and BNB Bank and supersedes any other written or oral promises concerning the subject matter of this
Agreement, except that all capitalized terms not defined herein shall have the meaning set forth in the Merger Agreement. No
waiver or amendment of this Agreement will be effective unless it is in writing, refers to this Agreement, and is signed by the
Parties.

 

9.            Successors
and Assigns. This Agreement is binding upon, and shall inure to the benefit of, the Parties and their respective successors
and assigns.

 

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10.          Termination.
If the Closing does not occur or the Merger Agreement is terminated prior to the Effective Time (as defined in the Merger Agreement),
then this Agreement shall terminate ab initio and be of no further force or effect.

 

11.          Arbitration.
Any dispute or controversy arising under or in connection with this Agreement shall be settled
exclusively by arbitration, conducted within fifteen (15) miles of Hauppauge, New York, in accordance with the Employment Rules of
the American Arbitration Association then in effect and with Bridge paying the costs of arbitration.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the Parties
have executed this Agreement as of the date first set forth above.

 

	 	BRIDGE BANCORP, INC.

 

	 	By:	/s/ Kevin O'Connor 
	 	Name:	Kevin O'Connor 

	

 

 

	 	BNB BANK

 

	 	By:	/s/ Kevin O'Connor 
	 	Name:	Kevin O'Connor 

 

 

	 	/s/ Howard H. Nolan 
	 	HOWARD H. NOLAN

 

[Signature Page to Howard H. Nolan
Consulting and Non-Competition Agreement]

 

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