Document:

Exhibit 10.13

 Exhibit 10.13 
 PROPOSED 
 FAIRFIELD COUNTY BANK CORP.

 STOCK-BASED DEFERRAL PLAN 
 1. Purpose. 
 This Fairfield County Bank Corp. Stock-Based Deferral
Plan (the “Plan”) provides Directors and certain Eligible Officers of Fairfield County Bank Corp. and its affiliates with the opportunity to elect to defer compensation received for their service and, thereby, accumulate additional shares
of Fairfield County Bank Corp. common stock. The Plan is intended to constitute a deferred compensation plan that satisfies the requirements of Section 409A of the Code. 
 2. Definitions. 
 As used in the Plan, the following terms have the
meanings indicated: 
 Board means the Board of Directors of the Company. 
 Change in Control shall mean a change in control as defined in Internal Revenue Code Section 409A and rules, regulations, and
guidance of general application thereunder issued by the Department of the Treasury, including – 
  

	 	(a)	Change in ownership: a change in ownership of the Company, a corporation of which the Bank is a wholly owned subsidiary, occurs on the date any one person
or group accumulates ownership of the Company stock constituting more than 50% of the total fair market value or total voting power of the Company stock, 

  

	 	(b)	Change in effective control: (i) any one person or more than one person acting as a group acquires within a 12-month period ownership of the Company
stock possessing 30% or more of the total voting power of the Company stock, or (ii) a majority of the Board is replaced during any 12-month period by Directors whose appointment or election is not endorsed in advance by a majority of the
Board, or 

  

	 	(c)	Change in ownership of a substantial portion of assets: a change in ownership of a substantial portion of the Company’s assets occurs if in a
12-month period any one person or more than one person acting as a group acquires from the Company assets having a total gross fair market value equal to or exceeding 40% of the total gross fair market value of all of the Company’s assets
immediately before the acquisition or acquisitions. For this purpose, gross fair market value means the value of the Company’s assets, or the value of the assets being disposed of, determined without regard to any liabilities associated with
the assets. 

 Notwithstanding the foregoing, a Change in Control shall not occur as a result of a second step
conversion of Fairfield County Bank. 
 Code means the Internal Revenue Code of 1986, as amended. 
 Committee means the Compensation Committee of the Board or any other committee of the Board designated as the administrator of the
Plan. 

 Company means Fairfield County Bank Corp., a federally chartered mid-tier stock
holding company. 
 Company Stock means the common stock of the Company. 
 Compensation means (i) in the case of a Participant who is a Director, the cash retainer fees, meeting (board and committee)
fees and other cash compensation payable to the Participant in connection with his or her service on the Board or the board of directors of any affiliate of the Company for any Plan Year and (ii) in the case of a Participant who is an Eligible
Officer, base salary and any cash incentive compensation. 
 Deferred Stock Account means a bookkeeping account
reflecting the investment of a Participant’s deferred Compensation in Company Stock Units and any adjustments thereto. 
 Director means a member of the Board. 
 Effective Date means
            , 2010, the date of Board approval of the Plan. 
 Eligible Officer means an officer of the Company or an affiliate of the Company who is designated by the Board as eligible to defer Compensation through the Plan. 
 Participant means a Director (including a former Director eligible to participate in the Plan pursuant to Section 17) or
Eligible Officer who elects to defer Compensation through the Plan. 
 Plan Year means the calendar year. 
 Separation from Service is intended to have the same meaning as under Code section 409A and any regulations or guidance issued under
such provision. 
 Stock Unit means a hypothetical share of Company Stock. Each Stock Unit held in a Deferred Stock
Account shall be deemed to have the same value, from time to time, as a share of Company Stock. 
 Trust means a trust
created for the purposes specified in Section 10. 
 3. Participation in the Plan. 
 A Director serving on the Board of the Company shall be eligible to participate in the Plan as of the Effective Date. A
Director who joins the Board following the Effective Date shall be eligible to participate in the Plan upon his or her first day of service as a Participant. An officer of the Company or an affiliate shall participate in the Plan only upon
designation as an Eligible Officer by the Board. Participation in the Plan by a Director or Eligible Officer shall commence upon the submission of a timely deferral election form to the Committee in the manner prescribed below. 
 4. Deferrals. 
  

	 	(a)	A Participant may elect to defer the payment of Compensation (in increments of 1% up to 100% or in a specified dollar amount) that would otherwise be payable in cash
during the Plan Year by completing a deferral election. A deferral election must specify the applicable percentage of Compensation that the Participant wishes to defer. A deferral election shall pertain to all Compensation payable during a Plan
Year. 

  

 2 

	 	(b)	A deferral election must be in writing and be delivered to the Company prior to the start of the Plan Year (or, in the case of an Eligible Officer who elects to defer
performance-based incentive compensation, not later than June 30 of the year to which the compensation relates) to which it pertains; provided, however, that a Participant who first becomes eligible to participate in the Plan on or after the
Effective Date shall have 30 days to submit a deferral election covering Compensation payable over the balance of the Plan Year. A deferral election shall be irrevocable and may not be amended with respect to the Plan Year to which it pertains. A
deferral election may be made only for a single Plan Year or may be made applicable to all future Plan Years until revoked. Any revocation or amendment of a deferral election shall be effective as of the first day of the next Plan Year after the
revocation or amendment is made. 

  

	 	(c)	All amounts deferred under the Plan shall be held as Stock Units. With respect to all amounts for which a deferral election is made, the Company shall transfer such
amounts to the Trust as soon as is reasonably practicable after the time when the Compensation otherwise would have been payable in cash to the Participant (or pursuant to a Participant’s election under Section 17) or at such other times
as the Committee, in its sole discretion, shall determine. Thereafter, the trustee of the Trust shall determine the number of Stock Units to be credited to an individual Participant’s Deferred Stock Account by reference to the total number of
shares of Company Stock acquired by the Trust with the proceeds of each transfer and the proportion that the Participant’s Compensation included in such transfer bears to the total of all Compensation transferred. 

 5. Stock Unit Accounting. 
  

	 	(a)	All Stock Units credited to a Participant’s Deferred Stock Account shall be credited with hypothetical cash dividends equal to the cash dividends that are declared
and paid on Company Stock if any. On each record date, the Company shall determine the amount of cash dividends to be paid per share of Company Stock. On the payment date of such dividend, the Company shall credit an equal amount of hypothetical
cash dividends to each Stock Unit. The hypothetical cash dividends shall be converted into Stock Units by reference to the reinvestment of such dividends by the trustee of the Trust as set forth in Section 7. 

  

	 	(b)	Stock Units may not be sold, assigned, transferred, disposed of, pledged, hypothecated or otherwise encumbered. 

 6. Distribution of Accounts. 
  

	 	(a)	A Participant may elect the timing of distributions from the Participant’s Deferred Stock Account. Distributions from a Participant’s Deferred Stock Account
shall commence at one of the following specified events elected by the Participant: 

  

	 	(i)	the Participant’s Separation from Service for any reason (including resignation or death); or 

  

	 	(ii)	a specified number of years between one year and five years after the Participant’s Separation from Service. 

  

 3 

 In addition, a Participant may make a separate election for distributions to commence at a
Change in Control. 
  

	 	(b)	If a Participant does not make an election under subsection (a)(ii), distribution of the Participant’s Deferred Stock Account shall commence at Separation from
Service. Prior to Separation from Service, a Participant who has previously elected commencement at Separation from Service (or made no previous election) may make one subsequent election. The subsequent election must be submitted at least twelve
months prior to Separation from Service and shall take effect twelve months after the date on which it is submitted. The subsequent distribution election must elect the specified time under subsection (a)(ii) as five years after Separation from
Service. The Committee may establish additional procedures, conditions, and limitations relating to the submission of a subsequent election. 

  

	 	(c)	A Participant’s Accounts shall be distributed in a single lump sum payment, unless the Participant elects to receive a distribution in equal annual installments
over at least two and not more than 10 years. 

  

	 	(d)	Payment of Stock Units shall be made only in whole shares of Company Stock equal to the number of whole Stock Units. Fractional shares shall be disregarded for
distribution purposes. 

  

	 	(e)	Despite any contrary provision of this Plan, if, when the Participant’s service terminates, the Participant is a “specified employee,” as defined in Code
Section 409A, and if any payments under Article 6 of this Agreement will result in additional tax or interest to the Participant because of Section 409A, the Participant shall not be entitled to the payment under Article 6 until the
earliest of (i) the date that is at least six months after termination of the Participant’s employment for reasons other than the Participant’s death, (ii) the date of the Participant’s death, or (iii) any earlier date
that does not result in additional tax or interest to the Participant under Section 409A. If any provision of this Agreement would subject the Participant to additional tax or interest under Section 409A, the Company shall reform the
provision. However, the Company shall maintain to the maximum extent practicable the original intent of the applicable provision without subjecting the Participant to additional tax or interest. 

 7. Trust. 
  

	 	(a)	As soon as practicable after the Effective Date, the Company shall establish a trust for the purposes set forth in this Plan. The Company shall from time to time
transfer to the Trust cash in an amount equal to Participants’ deferred Compensation (including amounts transferred pursuant to a Participant’s election under Section 17) for the purpose of acquiring shares of Company Stock. In no
event shall the Company issue or contribute shares of Company Stock directly to the Trust. 

  

	 	(b)	 The Trust and its assets shall remain subject to the claims of the Company’s creditors. All benefit obligations under this Plan shall be paid from
the general assets of the Company, which shall include the assets of the Trust in the event of the Company’s insolvency. Any interest that the Participant may be deemed to have under this Plan may not be sold, hypothecated or transferred
(including, without limitation, transfer by gift), except by will or the laws of descent and distribution. Shares issued to the Trust shall be issued in the name of the trustee. The trustee shall invest all cash dividends on Company Stock in

  

 4 

	 	 
additional shares of Company Stock. Unless otherwise determined by the Committee, a Participant shall have the right to direct the trustee as to the voting of the number of shares of Company
Stock equal to the aggregate number of Stock Units in the Participant’s Deferred Stock Account. 

  

	 	(c)	The Company shall bear all expenses associated with the acquisition of Company Stock by the Trust and the maintenance of the Trust 

 8. No Acceleration of Benefits. 
 Notwithstanding any other provision in this Plan to the contrary, the time or schedule for any payment of a Participant’s Deferred Stock Account under this Plan shall not be accelerated under any
circumstances. 
 9. Effect of Stock Dividends and Other Changes to Company Stock. 
 In the event of a stock dividend, stock split or combination of shares, recapitalization or merger in which the Company is the surviving
corporation or other change in the Company’s capital stock, the number and kind of shares of Company Stock to be subject to the Plan and the maximum number of shares which are authorized for distribution under the Plan shall be appropriately
adjusted by the Board, whose determination shall be binding on all persons. 
 10. Interpretation and Administration of the Plan. 

 The Committee shall administer, construe and interpret the Plan. Any decision of the Committee with respect to the Plan shall
be final, conclusive and binding upon all Participants. The Committee may act by a majority of its members. The Committee may authorize any member of the Committee or any officer of the Company to execute and deliver documents on behalf of the
Committee. The Committee may consult with counsel, who may be counsel to the Company, and shall not incur any liability for action taken in good faith in reliance upon the advice of counsel. The Committee may designate an officer of the Company to
be authorized to take or cause to be taken such actions of a ministerial nature as necessary to effectuate the intent and purposes of the Plan, including issuing Company Stock for the Plan, maintaining records of the Plan, and arranging for
distributions in accordance with this Plan document. The Committee shall interpret this Plan for all purposes in accordance with Code Section 409A and the regulations thereunder and any provision of the Plan shall be deemed modified to the
extent necessary to comply with Code Section 409A and the regulations thereunder. 
 11. Term of the Plan. 
 The Plan shall become effective as of the Effective Date and continue in effect unless terminated by action of the Board. Any termination of
the Plan by the Board shall not alter or impair any of the rights or obligations for any benefit previously deferred under the Plan. 
 12.
Termination or Amendment of the Plan. 
 The Board may suspend or terminate the Plan or revise or amend the Plan in
any respect; provided, any amendment or termination of the Plan shall not adversely affect a Participant with respect to any benefit previously deferred under the Plan; provided, however, that approval of an amendment to the Plan by the stockholders
of the Company shall be required to the extent, if any, that stockholder approval of such amendment is required by applicable law, rule or regulation. 
  

 5 

 13. Rights Under the Plan. 
 The Plan shall not constitute or be evidence of any agreement or understanding, express or implied, that the Company will retain any person
as a Director or employee for any period of time. 
 14. Beneficiary. 
 A Participant may designate in writing delivered to the Committee, one or more beneficiaries (which may include a trust) to receive any
distributions under the Plan after the death of the Participant. If a Participant fails to designate a beneficiary, or no designated beneficiary survives the Participant, any payments to be made with respect to the Participant after death shall be
made to the personal representative of the Participant’s estate. 
 15. Notice. 
 All notices and other communications required or permitted to be given under this Plan shall be in writing and shall be deemed to have been
duly given if delivered personally or mailed first class, postage prepaid, as follows: (i) if to the Company - at its principal business address to the attention of the Chairman of the Committee; (ii) if to any Participant - at the last
address of the Participant known to the sender at the time the notice or other communication is sent. 
 16. Construction.

 The Plan shall be construed and enforced according to the laws of the State of Connecticut, unless federal law applies.
All transactions under this Plan shall also be subject to compliance with applicable securities laws. Reference to one gender includes the other, and references to the singular and plural include each other. 
 17. Special Transfer Rule. 
 A Participant who, as of the Effective Date, is a participant in the Fairfield County Bank Long Term Incentive Plan II, or maintains a Director Deferred Fee Agreement or Director Retirement Agreement with Fairfield County Bank Corp.
(the “Prior Plans”) may elect not later than 30 days after the Effective Date to effect a one-time transfer to this Plan of all or any portion of the amounts accrued by the Company as of
            , 2010 with respect to the Participant’s benefits under any of the Prior Plans. All transferred amounts shall be treated in the same manner as any other compensation
deferred under this Plan and shall, for all purposes, be subject to the provisions of this Plan. A Participant who elects to make a transfer from the Prior Plans shall acknowledge in writing at the time of election that the Participant’s
participation in the Prior Plans shall cease effective with such transfer.  
  

 6Exhibit 10.14

 Exhibit 10.14 
 Fairfield County Bank Corp. 
 Executive Death Benefit Plan

 THIS AGREEMENT, hereby made and entered into this
             day of                 ,
                , by and between Fairfield County Bank Corp. (the “Company”) and
                        . 
 INTRODUCTION 
 The Company wishes to attract and retain highly qualified
executives. To further this objective, the Company is willing to provide a death benefit to the designated beneficiary of each participating executive. The Company will pay Plan death benefits from its general assets. 
 Article 1 
 General
Definitions 
 The following terms shall have the meanings specified: 
 1.1 “Final Pay” means the Participant’s rate of base salary and annual management incentive (determined without regard
to any voluntary reductions thereto) in the calendar year prior to the date of the Participant’s termination of employment. 
 1.2 “Board” means the Company’s Board of Directors or the appropriate Committee thereof charged with Company executive benefits matters. 
 1.3 “Disability” means the Executive’s inability to perform substantially all normal duties of the Executive, as determined by the Board in its sole discretion. As a condition to any
benefits, the Company may require the Executive to submit to such physical or mental evaluations and tests as the Board deems appropriate. 
 1.4 “Insurer” means the insurance company issuing to the Company the life insurance policy on the life of the insured. 
 1.5 “Participant” means the executive who is designated by the Board as eligible to participate in the Plan, elects in
writing to participate in the Plan using the form attached hereto as Exhibit A, and signs such consents and other forms as are required to enable the Company to obtain insurance on the Participant’s life. 
 1.6 “Plan” means this instrument, including all amendments thereto. 
 1.7 “Policy” or “Policies” means the individual insurance policy (or policies) adopted by the Board for
purposes of insuring a Participant’s life under this Plan 
 1.8 “Terminated for Cause” means that the
Company has terminated the Participant’s employment for any of the following reasons: 
  

	 	1.8.1	Gross negligence or gross neglect of duties; 

  

 1 

	 	1.8.2	Commission of a felony or of a gross misdemeanor involving moral turpitude; or 

  

	 	1.8.3	Fraud, disloyalty, dishonesty or willful violation of any law or significant Company policy committed in connection with the Participant’s employment.

 The determination of Terminated for Cause shall be made by vote of at least seventy-five percent (75%) of the members of
the Board of Directors of the Company within thirty (30) days of the Participant’s termination of employment. 
 Article 2 
 Participation 
 2.1 Eligibility to Participate. The Board in its sole discretion shall designate from time to time executives that are eligible to participate in this Plan. 
 2.2 Participation. The eligible executive may participate in this Plan by executing an Election to Participate which is duly appended
to a copy of this Plan that has been executed with respect to the executive by a duly authorized Company representative. The Election to Participate shall bind the executive and his or her beneficiaries, assigns and transferees, to the terms and
conditions of this Plan. 
 2.3 Termination of Participation. A Participant’s rights under this Plan shall cease and
his or her participation in this Plan shall terminate if (i) the Participant’s employment with the Company is terminated for reasons other than retirement on or after age 65, death or disability and, at the time of such termination, the
sum of the Participant’s age and years of service is less than 70 (provided, however, that any such Participant shall continue to have a death benefit hereunder equal to $10,000 if this subparagraph (i) applies to him or her) or
(ii) the Participant is Terminated for Cause. For purposes hereof, a Participant’s years of service shall include service with the Company, any affiliate of the Company and any entity that acquires or is acquired by the Company or any
Company affiliate. 
 2.4 Death Benefit. The amount of a Participant’s death benefit under the Plan shall be the
multiple of Final Pay specified next to the termination of employment event that applies to the Participant as set forth in Exhibit B (or the fixed dollar amount, as applicable), which shall be payable to the Participant’s designated
beneficiary upon the Participant’s death. In the event that the benefit payable hereunder is subject to federal or state income tax at the time of payment, in lieu of the benefit described in the preceding sentence, the Participant’s
amount of death benefit under the Plan shall be the multiple of Final Pay specified next to the termination of employment event that applies to the Participant as set forth in Exhibit B (or the fixed dollar amount, as applicable) multiplied by a
fraction, the numerator of which is one and the denominator of which is one minus the combined rate of federal and state income tax applicable to the Participant’s beneficiary (determined as of the date of death and certified by a certified
public accountant deemed acceptable by the Company). By way of example, if the death benefit set forth in Exhibit B is $100,000 and the Participant’s designated beneficiary has a combined federal and state income tax rate of

  

 2 

 
30%, the total benefit under the Plan will be $142,857 (i.e., $100,000 X 1/.7). Notwithstanding any limitations placed on the Company’s ability to amend this Plan, the preceding shall be
subject to such amendments as are required to ensure that the Participant’s beneficiaries are made whole for any federal and state income taxes that are due in respect of Plan death benefits. 
 2.5 Beneficiary. A Participant shall designate his or her beneficiary for benefits under the Plan by filing a written designation
with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive’s lifetime.
The Executive’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies
without a valid beneficiary designation, all payments shall be made to the Executive’s estate. The only instrument that shall be recognized as a valid beneficiary designation under this Plan shall be Exhibit C. 
 Article 3 
 Policy
Ownership/Interests 
 3.1 Participant’s Interest. Neither the Participant nor his or her Beneficiaries shall have
any interest in the Policies. Benefits payable under the Plan are unsecured promises to pay by the Company. 
 3.2
Company’s Interest. The Company shall own the Policies and shall have the right to exercise all incidents of ownership. With respect to each Policy, the Company shall be the direct beneficiary of the entire death proceeds of the Policy.
There shall be no requirement that the Company maintain any Policy with respect to a Participant. 
 Article 4 
 Premiums 
 4.1
Premium Payment. The Company shall pay all premiums due on all Policies and the Participant shall have no premium payment obligation. 
 Article 5 
 Assignment 
 No Participant shall be permitted to assign any interests in Plan benefits. 
 Article 6 
 Insurer 
 The Insurer shall be bound only by the terms of their corresponding Policy. Any payments the Insurer makes or actions it takes in accordance
with a Policy shall fully discharge it from all claims, suits and demands of all persons relating to that Policy. The Insurer shall not be bound by the provisions of this Plan. The Insurer shall have the right to rely on the Company’s
representations with regard to any definitions, interpretations, or Policy interests as specified under this Plan. 
  

 3 

 Article 7 
 Claims And Review Procedures 
 7.1 Claims Procedure. This Section 7.1
is based on final regulations issued by the Department of Labor and published in the Federal Register on November 21, 2000 and codified at 29 C.F.R. section 2560.503-1. If any provision of this Section 7.1 conflicts with the requirements
of those regulations, the requirements of those regulations will prevail. 
 (a) Initial Claim. The
Participant, a beneficiary or an entity that believes he or she is entitled to any benefit (a “Claimant”) under this Plan may file a claim with the Company. The Company will review the claim itself or appoint another individual or entity
to review the claim. 
 (i) Benefit Claims that do not require a Determination of Disability. If the claim
is for a benefit other than a Disability benefit, the Claimant will be notified within ninety (90) days after the claim is filed whether the claim is allowed or denied, unless the Claimant receives written notice from the Company or appointee
of the Company before the end of the ninety (90) day period stating that special circumstances require an extension of the time for decision, such extension not to extend beyond the day which is one hundred eighty (180) days after the day
the claim is filed. 
 (ii) Disability Benefit Claims. In the case of a benefits claim that requires a
determination by the Company of an Participant’s Disability status, the Company will notify the Claimant of the Company’s adverse benefit determination within a reasonable period of time, but not later than forty-five (45) days after
receipt of the claim. If, due to matters beyond the control of the Company, the Company needs additional time to process a claim, the Claimant will be notified, within forty-five (45) days after the Company receives the claim, of those
circumstances and of when the Company expects to make its decision but not beyond seventy-five (75) days. If, prior to the end of the extension period, due to matters beyond the control of the Company, a decision cannot be rendered within that
extension period, the period for making the determination may be extended for up to one hundred five (105) days, provided that the Company notifies the Claimant of the circumstances requiring the extension and the date as of which the Company
expects to render a decision. The extension notice will specifically explain the standards on which entitlement to a Disability benefit is based, the unresolved issues that prevent a decision on the claim and the additional information needed from
the Claimant to resolve those issues, and the Claimant will be afforded at least forty-five (45) days within which to provide the specified information. 
 (iii) Manner and Content of Denial of Initial Claims. If the Company denies a claim, it must provide to the Claimant,
in writing or by electronic communication: 
 (A) The specific reasons for the denial; 
 (B) A reference to the Plan provision or insurance contract provision upon which the denial is based; 
  

 4 

 (C) A description of any additional information or material that the
Claimant must provide in order to perfect the claim; 
 (D) An explanation of why such additional material or
information is necessary; 
 (E) Notice that the Claimant has a right to request a review of the claim denial
and information on the steps to be taken if the Claimant wishes to request a review of the claim denial; and 
 (F) A statement of the Participant’s right to bring a civil action under section 502(a) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) following a denial on review of the initial denial.

 In addition, in the case of a denial of Disability benefits on the basis of the Company’s independent
determination of the Participant’s Disability status, the Company will provide a copy of any rule, guideline, protocol, or other similar criterion relied upon in making the adverse determination (or a statement that the same will be provided
upon request by the Claimant and without charge). 
 (b) Review Procedures. 
 (i) Benefit Claims that do not Require a Determination of Disability. Except for claims requiring an independent
determination of a Participant’s Disability status, a request for review of a denied claim must be made in writing to the Company within sixty (60) days after receiving notice of denial. The decision upon review will be made within sixty
(60) days after the Company’s receipt of a request for review, unless special circumstances require an extension of time for processing, in which case a decision will be rendered not later than one hundred twenty (120) days after
receipt of a request for review. A notice of such an extension must be provided to the Claimant within the initial sixty (60) day period and must explain the special circumstances and provide an expected date of decision. 
 The reviewer will afford the Claimant an opportunity to review and receive, without charge, all relevant documents,
information and records and to submit issues and comments in writing to the Company. The reviewer will take into account all comments, documents, records and other information submitted by the Claimant relating to the claim regardless of whether the
information was submitted or considered in the initial benefit determination. 
 (ii) Disability Benefit
Claims. In addition to having the right to review documents and submit comments as described in (i) above, a Claimant whose claim for Disability benefits requires an independent determination by the Company of the Participant’s
Disability status has at least one hundred eighty (180) days following receipt of a notification of an adverse benefit determination within which to request a review of the initial determination. In such cases, the review will meet the
following requirements: 
 (A) The Company will provide a review that does not afford deference to the initial
adverse benefit determination and that is conducted by an appropriate named fiduciary who did not make the initial determination that is the subject of the appeal, nor is a subordinate of the individual who made the determination. 
  

 5 

 (B) The appropriate named fiduciary of the Plan will consult with a health
care professional who has appropriate training and experience in the field of medicine involved in the medical judgment before making a decision on review of any adverse initial determination based in whole or in part on a medical judgment. The
professional engaged for purposes of a consultation in the preceding sentence will not be an individual who was consulted in connection with the initial determination that is the subject of the appeal or the subordinate of any such individual.

 (C) The Company will identify to the Claimant the medical or vocational experts whose advice was obtained on
behalf of the Company in connection with the review, without regard to whether the advice was relied upon in making the benefit review determination. 
 (D) The decision on review will be made within forty-five (45) days after the Company’s receipt of a request for review, unless special circumstances require an extension of time for processing,
in which case a decision will be rendered not later than ninety (90) days after receipt of a request for review. A notice of such an extension must be provided to the Claimant within the initial forty-five (45) day period and must explain
the special circumstances and provide an expected date of decision. 
 (iii) Manner and Content of Notice of
Decision on Review. Upon completion of its review of an adverse initial claim determination, the Company will give the Claimant, in writing or by electronic notification, a notice containing: 
 (A) its decision; 
 (B) the specific reasons for the decision; 
 (C) the relevant Plan
provisions or insurance contract provisions on which its decision is based; 
 (D) a statement that the Claimant
is entitled to receive, upon request and without charge, reasonable access to, and copies of all documents, records and other information in the Plan’s tiles which is relevant to the Claimant’s claim for benefits; 
 (E) a statement describing the Claimant’s right to bring an action for judicial review under ERISA section 502(a); and

 (F) if an internal rule, guideline, protocol or other similar criterion was relied upon in making the adverse
determination on review, a statement that a copy of the rule, guideline, protocol or other similar criterion will be provided without charge to the Claimant upon request. 
  

 6 

 (c) Calculation of Time Periods. For purposes of the time periods
specified in this Section, the period of time during which a benefit determination is required to be made begins at the time a claim is filed in accordance with this Plan’s procedures without regard to whether all the information necessary to
make a decision accompanies the claim. If a period of time is extended due to a Claimant’s failure to submit all information necessary, the period for making the determination will be tolled from the date the notification is sent to the
Claimant until the date the Claimant responds. 
 (d) Failure of Company to Follow Procedures. If the
Company fails to follow the claims procedures required by this Section, a Claimant will be deemed to have exhausted the administrative remedies available under the Plan and will be entitled to pursue any available remedy under ERISA section 502(a)
on the basis that the Company (on behalf of the Plan) has failed to provide a reasonable claims procedure that would yield a decision on the merits of the claim. 
 (e) Failure of Claimant to Follow Procedures. A Claimant’s compliance with the foregoing provisions of this
Section is a mandatory prerequisite to the Claimant’s right to commence any legal action with respect to any claim for benefits under this Plan. 
 Article 8 
 Amendments and Termination 
 This Plan may be amended or terminated at the discretion of the Company. However, no termination or amendment shall reduce the
Participant’s death benefits described in Section 2.4 calculated at the date such termination or amendment becomes effective. 
 Article 9 
 Miscellaneous 
 9.1 Binding Effect. This Plan shall bind each Participant and the Company, their beneficiaries, survivors, executors, administrators and transferees and any Policy beneficiary. 
 9.2 No Guarantee of Employment. This Plan is not an employment policy or contract. It does not give a Participant the right to
remain an employee of the Company, nor does it interfere with the Company’s right to discharge a Participant. It also does not require a Participant to remain an employee nor interfere with a Participant’s right to terminate employment at
any time. 
 9.3 Reorganization. The Company shall not merge or consolidate into or with another company, or reorganize,
or sell substantially all of its assets to another company, firm, or person unless such succeeding or continuing company, firm. or person agrees to assume and discharge the obligations of the Company under this Plan. 
 9.4 Named Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the
named fiduciary and plan administrator under the Plan. The named fiduciary may. delegate to others certain aspects of the management and operation responsibilities of the Plan including the employment of advisors and the delegation of ministerial
duties to qualified individuals. 
  

 7 

 9.5 Applicable Law. The Plan and all rights hereunder shall be governed by and
construed according to the laws of the State of Connecticut, except to the extent preempted by the laws of the United States of America. 
 9.6 Notice. Any notice, consent or demand required or permitted to be given under the provisions of this Plan by one party to another shall be in writing, shall be signed by the party giving or
making the same, and may be given either by delivering the same to such other party personally, or by mailing the same, by United States certified mail, postage prepaid, to such party, addressed to his/her last known address as shown on the records
of the Company. The date of such mailing shall be deemed the date of such mailed notice, consent or demand. 
 9.7 Entire
Agreement. This Plan constitutes the entire agreement between the Company and the Participant as to the subject matter hereof. This Plan supersedes all other death benefit plans maintained for the benefit of executives of the Company or its
affiliates other than those maintained for employees of the Company or its affiliates generally, including but not limited to the split dollar life insurance arrangement that this Plan specifically replaces. No rights are granted to the Participant
by virtue of this Plan other than those specifically set forth herein. 
 9.8 Administration. The Company shall have
powers which are necessary to administer this Plan, including but not limited to: 
  

	 	9.8.1	Interpreting the provisions of the Plan; 

  

	 	9.8.2	Establishing and revising the method of accounting for the Plan; 

  

	 	9.8.3	Maintaining a record of benefit payments; and 

  

	 	9.8.4	Establishing rules and prescribing any forms necessary or desirable to administer the Plan. 

 IN WITNESS WHEREOF, the Company executes this Plan as of the date indicated above. 
  

			
	COMPANY
	
	Fairfield County Bank Corp.
		
	By:	 	 
		
	Title:	 	

  

 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]