Document:

Exhibit 10.8

 Exhibit 10.8 
 The Community Bank 
 Executive Short-term Incentive Compensation Plan Document 

 Table of Contents 
  

			
	 Purpose and Objectives
	  	3
		
	 Plan Concept
	  	4
		
	 Eligibility
	  	5
		
	 Incentive Award Opportunity
	  	6
		
	 Performance Mix
	  	7
		
	 Bank-wide Performance Measures
	  	8
		
	 Individual Performance Measures
	  	9
		
	 Award Calculation and Payout
	  	11
		
	 Plan Administration
	  	11
		
	 Appendix
	  	12

 Definitions 
 Total Award Opportunity Sheet 
 Sample Award Calculation Table 
 Calculation Worksheet 
  

 2 

 Purpose and Objectives 
 The purpose of the Short-term Incentive Compensation Plan (SICP) is to provide meaningful financial rewards to key management personnel for their contributions to the achievement of strategic organizational objectives of the bank. Within
the context of the overall purpose, there are two specific objectives: 
 To continue to attract and retain the caliber of executive
necessitated by the changing and increasingly demanding banking and financial services environment. 
 To strengthen the management process by
reinforcing the bank’s financial, operational and strategic goals through effective planning and team building. 
  

 3 

 Plan Concept 
 The
SICP is designed to recognize both Organizational and Individual performance against predetermined goals, plans, and standards. When the pre-determined targets are met, a fully competitive incentive award is generated. Actual performance that
exceeds or falls short of the targets will generate correspondingly larger or smaller awards. 
 The Plan Year will begin on May 1 and end on
April 30. 
  

 4 

 Eligibility 
  

	 	•	 	 Participation in the SICP will be approved by the Board of Directors or its designated official. 

  

	 	•	 	 Eligibility is restricted to executives with bank-wide impact. Below is a list of the eligible positions in the plan year. 

 President/Chief Executive Officer 
 Chief
Operating Officer/Chief Financial Officer 
 VP/Senior Loan Officer 
 VP/Retail Banking 
 VP/Corporate Services

 VP/Business Loan Officer 
 VP/Operations & Technology 
 VP/Marketing & Development 
 VP/Human Resources 
  

	 	•	 	 SICP positions will be identified in the first quarter of each plan year. 

  

 5 

 Incentive Award Opportunity 
 Certain positions have a more direct impact than others on the success of the bank. To recognize these differences, incentive opportunities for eligible executives vary for each distinct level of impact as depicted in the table below:

  

			
	 Position Category
	  	Award Maximum (Percent of Salary)
	 I President/CEO
	  	30%
		
	 II COO/CFO
	  	25%
		
	 III VP/Officer
	  	20% maximum

  

 6 

 Performance Mix 
 The
position category also denotes the extent of influence the officer has over bank-wide performance versus individual performance. The more control the officer has over bank-wide goals, the larger the portion of incentive will be based on bank-wide
performance. Those positions which have less influence on bank-wide performance will have a greater portion of their incentive based on their individual performance. This concept is illustrated below: 
 % of Incentive Based On: 
  

							
	 Position Category
	  	Bank-Wide Performance	 	 	Individual Performance	 
	 I President/CEO
	  	90	%	 	10	%
	 II COO/CFO
	  	80	%	 	20	%
	 III (a) VP/Senior Lending Officer
	  	65	%	 	35	%
	 III (b) Other VP/Officer
	  	Determined Individually	 

  

	 	•	 	 A measure of Net Operating Income will be used to “trigger” the SICP. If Net Operating Income is below the pre-determined “target” amount, there
will be no incentive compensation paid under this plan. 

  

	 	•	 	 Payment of a discretionary award for exceptional performance in addition to any award paid pursuant to this plan or when no awards are paid under this plan may be
authorized by the Board of Directors. 

  

 7 

 Bank performance Measures 
 Bank performance measures used in the SICP will be based on the business plan, identified at the beginning of each plan year and weighted for priority. 
  

	 	•	 	 The bank-wide performance measures, targets and weights used in structuring the incentive program for the current plan year are: 

  

							
	 Bank Performance Measure
	  	Total	 	 	Weight	 
	 * Return on Assets
	  	.70	%	 	65	%
	 * Efficiency Ratio
	  	70.88	%	 	15	%
	 * Net Interest Margin
	  	3.72	%	 	20	%
		  			 	100	%

  

	 	•	 	 The SICP will be “triggered” only when Net Operating Income (as defined in the Appendix) meets the annually-set target, as shown in the business plan.

  

	 	•	 	 Definitions of bank-wide performance measures are also included in the Appendix of this document. 

  

	 	•	 	 Performance measures may be revised, with the approval of the Board of Directors, in the event of unforeseen and/or extraordinary circumstances.

  

 8 

 Individual Performance Measures 
 Goal Setting and Performance Measures 
  

	 	•	 	 At the beginning of the plan year, the President/CEO will meet with each SICP participant to establish individual/departmental performance goals. In this process,
the President/CEO will assign a priority weight to each goal and define how performance will be measured. The President/CEO will also define what constitutes the performance levels outlined below. The Compensation Committee of the Board of Directors
will review and approve each participant’s performance goals and measures. 

 Mid-year Review 
  

	 	•	 	 A key to the success of any performance-based incentive plan is regular coaching and feedback throughout the year. While the Board, President/CEO, and plan
participants should be monitoring results throughout the year, the mid-year review is a way to formalize this process at the half-way point. 

  

	 	•	 	 In November, the President/CEO will meet with each participant to review the mid-year results against the pre-established performance measures. The purpose of these
meetings is to provide coaching and feedback so that each participant has the opportunity to modify or redirect performance in an effort to achieve his/her goals. The President/CEO will also meet with the Compensation Committee of the Board of
Directors to review progress toward goals. 

 Revision of Goals 
  

	 	•	 	 Goals may be revised, with approval of the Compensation Committee of the Board of Directors, in the event of unforeseen and/or extraordinary circumstances.

  

 9 

 Individual Performance Measures — Continued 
 Performance Level 
  

	 	•	 	 At the end of the year, the President/CEO will determine the participants’ performance level against the pre-established goals. The performance level will
equate to a performance factor of either “1” or “0”. This performance factor will be used as a multiplier in calculating the percentage of Individual Award earned. 

  

			
	 Individual/Dept.
 Performance Level
	  	Performance Factor
	 Accomplished as Expected
	  	1
	 Not Fully Accomplished
	  	0

  

 10 

 Award Calculation and Payout 
  

	 	•	 	 The actual payout is the sum of the Bank-Wide Performance Award, Individual Award and any Discretionary Award. Payment will be made as a lump sum cash award within
one hundred twenty (120) days of the close of the plan year or as soon as the audited financial statements are available. 

  

	 	•	 	 At the end of the plan year, the President/CEO and the COO/CFO will determine the actual Bank-wide performance measures. These measures will be reported to the
Board of Directors as soon as they are available. 

  

	 	•	 	 At this point, the Compensation Committee of the Board of Directors will calculate the Bank-wide Performance Award for the President/CEO using the Calculation
Tables and Worksheet provided. The President/CEO will calculate the Bank-wide Performance Awards for other SIPC participants. 

  

	 	•	 	 The President/CEO will determine each participant’s Individual Performance level against pre-established goals. For each goal, the performance level will
equate to a performance factor of either “1” or “0”. Using the Calculation Tables and Worksheet provided, the President/CEO will calculate the Individual Performance Awards. 

  

	 	•	 	 The Compensation Committee will make an assessment of the President/CEO’s Individual Performance level; and calculate the Individual Performance Award using
the Calculation Tables and Worksheet provided. 

  

	 	•	 	 Using the Award Calculation Tables and Worksheet provided, the President/CEO will calculate each plan participant’s total award by adding the Bank-wide Award
to the Individual Award. The Compensation Committee will review these calculations, similarly calculate the total award amount for the President/CEO, and recommend final award amounts to the full Board of Directors for approval. Discretionary Awards
will be considered by the Compensation Committee and submitted to the full Board of Directors for approval as deemed appropriate. 

  

 11 

 Appendix 
 Definitions 
  

	•	 	 N0I, ROA, Efficiency Ratio, ROE 

 These measures of financial performance are intended to reflect the Officers’ performance against budget, indicating their ability to maintain fiscal solvency, operate within the established systems, and generate surplus. The targets
are based on the Business Plan and are determined annually with the approval of the Board of Directors. The following defines how each is calculated for SICP purposes: 
 Net Operating Income: 
 Net Operating Income is generally net income including securities
gains/losses, but excluding “extraordinary” items. Extraordinary items are defined as events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Unusual nature means the underlying
event or transaction may possess a high degree of abnormality and is of a type clearly unrelated to, or only incidentally related to, the ordinary and typical activities of the enterprise. Infrequency of occurrences means the underlying event or
transaction is of a type that would not reasonably be expected to recur in the foreseeable future. By this definition extraordinary items are extremely rare. However, for purposes of this plan, other transactions that are not typical of normal
operations but also do not meet the above criteria of “extraordinary” will be excluded. Items such as Cooperative Central Bank dividend, a large recovery of a previously charged-off loan or a settlement of a lawsuit are not so unusual or
infrequent as to be considered extraordinary. However they are representative of nonoperating items that are not typical or normal banking operations. Therefore, all nonoperating revenue and expense items will be excluded from net operating income.
In addition, all expense accruals related to the employee profit sharing plan and this plan will be excluded. 
  

			
	Return On Assets:	  	Net Income
		  	Average Assets

 Average assets will be calculated using the thirteen month-end asset totals covering the period of
April 30 (beginning of fiscal year) through the following April 30 (end of fiscal year). 
  

			
	Efficiency Ratio:	  	operating expenses (excluding amortization expense)
		  	Net interest income plus other income (excluding gain on sale of non-loan assets)

  

 12 

 Definitions - continued 
  

			
	Net Interest Margin:	  	The difference between total yield on interest-earning assets less total cost of funds.

 NOTE: All amounts used in the above definitions will be from The Community Bank’s consolidated financial
statements. 
  

 13Exhibit 10.9

 Exhibit 10.9 
 DAVID W. CURTIS SUPPLEMENTAL COMPENSATION 
 AGREEMENT 
 THIS AGREEMENT is made and entered into as of the first (1st) day of May, 2002 by and between The Community Bank (hereinafter called the
“Bank”), its subsidiaries and affiliates and David W. Curtis (hereinafter called the “Executive”). 
 WITNESSETH:

 WHEREAS, the Executive has been in the employ of the Bank and is now serving the Bank as its President and Chief Executive Officer; and

 WHEREAS, because of the Executive’s experience, knowledge of affairs of the Bank, and reputation and contacts in the industry, the
Bank deems the Executive’s continued employment with the Bank important for its future growth; and 
 WHEREAS, it is the desire of the
Bank and in its best interest that the Executive’s service be retained; and 
 WHEREAS, in order to induce the Executive to continue in
the employ of the Bank and to enhance retirement income, the Bank has entered into this Agreement to provide him or his beneficiaries certain benefits in accordance with the terms and conditions hereinafter set forth; 

 NOW, THEREFORE, in consideration of services performed in the past and to be performed in the future as
well as of the mutual promises and covenants herein contained, it is agreed as follows: 
 ARTICLE ONE 
  

	1.01	Employment. The Board of Directors of the Bank may employ the Executive in such capacity as the Bank may from time to time determine. Notwithstanding anything contained
herein, this Agreement is not an agreement of employment and shall not be deemed to confer upon the Executive any rights to continue his employment with the Bank. Nothing herein shall restrict the right of the Executive to enter into an agreement
with the Bank concerning any terms and conditions of his employment. 

 The benefits provided by this Agreement
are not part of any salary reduction plan or an arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payment or bonus in lieu of these salary continuation benefits. 
 ARTICLE TWO 
  

	 2.01
	 Normal Retirement Benefits. If the Executive shall continue in the employment of the Bank until his sixty-seventh
(67th) birthday (“Normal Retirement Date”), and subject to Section 5.03, he shall be entitled to a retirement benefit paid by
the Bank commencing on the first day of the month next following the termination for any reason, other than death, of his employment with the Bank on or at any time after such Normal Retirement Date and continuing during his lifetime, payable
monthly, in the annual amount of $100,000. 

  

	2.02	Accrued Benefit. As used herein the term “Accrued Benefit” shall mean, in any case in which the Executive’s employment with the Bank is terminated for any
reason prior to the Normal Retirement Date, the product of (a) $100,000 multiplied by (b) a fraction, the numerator of which is the actual number of full calendar months of employment with the Bank completed by the Executive as of the date
of such termination, and the denominator of which is the total number of full calendar months of employment with the Bank that the Executive would have completed had he continued his employment with the Bank until the Normal Retirement Date.

  

	2.03	Optional Forms of Payment. In lieu of the lifetime payments provided in Section 2.01 above, or whenever an Accrued Benefit is payable under this Agreement, with the sole
approval of the Bank, the Executive may request in the calendar year prior to the calendar year in which payments are to begin an optional form of payment which shall be the actuarial equivalent of the said lifetime payments and which shall be any
optional form other than a lump sum which is provided the Executive under the terms of the Bank’s qualified pension plan. 

  

 2 

 ARTICLE THREE 
  

	3.01	Death of Executive During Employment. Should the Executive die while actively employed with the Bank, whether before or after the Normal Retirement Date, or should he die
while disabled and receiving benefits from the Bank’s long term disability plan, the Executive’s named beneficiary, if any, shall be entitled to receive ninety (90) percent of an amount equal to (a) the total proceeds of Policy
No. 56601291 issued by New York Life Insurance and Annuity Corporation or any substitute therefor, less (b) the cash surrender value of such policy as of the date of his death, paid in one lump sum, and no further benefits shall be paid or
payable under this Agreement. 

  

	3.02	Death of Executive After Termination of Employment. Upon the Executive’s death following the termination of his employment for any reason, other than termination for
Cause as defined in Section 5.04 below, whether such termination occurs before or after the Normal Retirement Date, the Executive’s named beneficiary, if any, shall be entitled to receive fifty (50) percent of an amount equal to the
product of (a) 0.90 and (b) the difference between (i) the total proceeds of Policy No. 56601291 issued by New York Life Insurance and Annuity Corporation or any substitute therefore and (ii) the cash surrender value of such
policy as of the date of his death, paid in one lump sum, and no further benefits shall be paid or payable under this “Agreement other than as may be required in accordance with the terms of any optional form of payment that the Executive may
have chosen prior to his death, with the approval of the Bank, pursuant to Section 2.03 above. 

  

	3.03	Death Benefit Forfeiture. Anything to the contrary in this Agreement not withstanding, the death benefit provided in either Section 3.01 or Section 3.02 above shall
become null and void should the Bank not receive for any reason the proceeds of Policy Number 56601291 issued by New York Life Insurance and Annuity Corporation or any policy substituted therefore. 

 ARTICLE FOUR 
  

	4.01	Disability of Executive. In the event the Executive becomes disabled and is receiving benefits from the Bank’s long term disability plan, he shall continue to accrue
months of employment service during such period of disability, including during any waiting period required by the Bank’s long term disability plan, for purpose of calculating any Accrued Benefit under Section 2.02 of this Agreement. This
continuing accrual of employment service shall terminate effective with the last month for which such disability benefits are paid. 

 ARTICLE FIVE 
  

	5.01	 Termination of Service or Discharge. In the event that the Executive’s employment with the Bank is terminated for any reason prior to the Normal
Retirement Date, whether such termination is initiated by 

  

 3 

	 	 
the Bank or by the Executive, other than any such termination within twenty-four (24) months following a reorganization (as defined in
Section 10.01) or any such termination resulting from death, disability or Cause as defined in Section 5.04 below, and subject to the limitations set forth further below in this Section 5.01 and in Section 5.03, the Executive
shall be entitled to an annual benefit payable monthly commencing at the Normal Retirement Date or any earlier date as may be approved by the Bank and continuing for his lifetime, which shall be his Accrued Benefit determined in accordance with
Section 2.02 above as of the date of his termination of employment. Such Accrued Benefit shall be multiplied by a percentage based on the following table (for purposes of this Agreement, the Anniversary shall occur on May 1st of each year with the first Anniversary on May 1, 2003: 

  

				
	 Anniversary of this Agreement
	  	Percentage Multiple	 
	 Before second
	  	0	%
	 After second, before third
	  	40	%
	 After third, before fourth
	  	60	%
	 After fourth, before fifth
	  	80	%
	 After fifth
	  	100	%

 In addition to the foregoing provisions of this Section 5.01, any early retirement payment
that may be paid to the Executive under this Section 5.01 shall be further reduced by five-ninths (5/9) of one (1) percent for each month prior to age sixty-seven (67) that such benefits commence, up to sixty (60) months,
and by five-eighteenths (5/18) of one (1) percent for each additional month over sixty (60) months that such commencement of benefits precedes Executive’s age sixty-seven (67). 
  

	5.02	[This Section Intentionally Blank] 

  

	5.03	Employment by Competition. Anything to the contrary in this Agreement notwithstanding, in the event of termination of the Executive’s employment with the Bank for any
reason, payments that might otherwise be due and payable under the terms of this Agreement will be forfeited and this Agreement shall become null and void should the Executive become an owner or partner or be employed in any way, including
employment as a consultant, by a competitor of the Bank (as determined by a vote of two-thirds of the Bank’s outside directors), which has an office within twenty-five (25) miles of any branch or other office of the Bank, at any time
within twenty-four months following any such termination of employment with the Bank. 

  

	5.04	 Forfeiture. Anything to the contrary in this Agreement notwithstanding, benefits under this Agreement shall be forfeited and all rights of the Executive and
his beneficiaries shall become null and 

  

 4 

	 	 
void, if the Executive’s employment is terminated for Cause and such forfeiture is confirmed by the applicable vote of the Bank’s Board of
Directors set forth in each case below. For purposes of this Agreement, Cause shall mean: 

  

	 	A.	Conviction for a felony (requires vote of two-thirds of the Bank’s outside directors); 

  

	 	B	Failure, after written notification, to perform the duties reasonably assigned to Executive in accordance with the custom and practice of the Bank (requires vote of two-thirds of
the Bank’s outside directors); or 

  

	 	C.	Gross negligence/or willful misconduct by the Executive in the execution of his duties (require vote of two-thirds of the Bank’s outside directors). 

ARTICLE SIX 
  

	6.01	Interest. Unless otherwise expressly provided herein, any reference to “interest” shall be a variable rate of interest which shall be the rate of interest on 90-day
U.S. Treasury Bills determined at the first auction of each calendar month or part thereof during the period of which interest is to be applied to any obligation hereunder. 

 ARTICLE SEVEN 
  

	7.01	Alienability. Neither the Executive, his widow, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate,
mortgage, commute, modify, or otherwise encumber in advance any of the benefits payable hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance, owed by the Executive
or his beneficiary or any of them, or be transferable by operation of law in the event of bankruptcy, or otherwise. 

 ARTICLE EIGHT 
  

	8.01	Participation in Other Plans. Nothing contained in this Agreement shall be construed to alter, abridge, or in any manner affect the rights and privileges of the Executive to
participate in and be covered by any pension, profit-sharing, group insurance, bonus or any other employee plan or plans which the Bank may have or hereafter have. 

  

 5 

 ARTICLE NINE 
  

	9.01	Funding. The Bank reserves the absolute right at its sole and exclusive discretion to insure and otherwise provide for the obligations of the Bank undertaken by this
Agreement or to refrain from same, and to determine the extent, nature and method thereof, including the establishment of one or more trusts. Should the Bank elect to insure this Agreement, in whole or in part, through the medium of insurance or
annuities, or both, the Bank shall be the owner of the Policy. At no time shall the Executive or any beneficiary thereof be deemed to have any right, title or interest in or to any specified asset or assets of the Bank or any trust or escrow
arrangement, including, but not by way of restriction, any insurance or annuity contract or contracts or the proceeds therefrom, except as provided in Sections 3.01 and 3.02 above. Any such policy, contract or asset shall not in any way be
considered to be security for the performance of the obligations of this Agreement. 

 If the Bank purchases a
life insurance or annuity policy on the life of the Executive, he agrees to sign any papers that may be required for that purpose and to undergo any medical examination or tests which may be necessary, and generally cooperate with the Bank in
securing such policy. 
 ARTICLE TEN 
  

	10.01	Reorganization. The Bank shall not merge or consolidate into or with another bank, or reorganize, or sell substantially all of its assets to another bank, firm or person
unless and until such succeeding or continuing bank, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be
deemed to refer to such successor or survivor person or entity. As used in this Agreement, the term “reorganization” shall mean any of the transactions, or combination thereof, referred to in this Section 10.01.

  

	10.02	Employment Termination after Reorganization. Should the Executive’s employment with the Bank terminate for any reason, whether such termination is initiated by the Bank
or by the Executive, other than as a result of death, disability or Cause, within twenty-four (24) months following a reorganization and prior to the Normal Retirement Date, he shall continue to accrue months of employment service until the
Normal Retirement Date, subject to Section 5.03 of this Agreement, and shall be entitled to benefits, as may be appropriate, pursuant to Section 2.01 of this Agreement; provided, however, that if the Executive elects to commence his
receiving retirement payments prior to the Normal Retirement Date following any such termination, and such commencement of retirement payments is approved by the Bank, then such retirement payments shall be subject to all of the limitations on the
amount paid contained in Section 5.01 above, including without limitation the absence of any increase in the Accrued Benefit after any such commencement of retirement payments. 

  

 6 

 ARTICLE ELEVEN 
  

	11.01	Benefits and Burdens. This Agreement shall be binding upon and inure to the benefit of the Executive, his beneficiaries and his personal representatives, and the Bank, and
any successor organization, including without limitation any person or entity that shall succeed to substantially all of the Bank’s assets and business without regard to the form of such succession. 

  

	11.02	Bank. As used in this Agreement, Bank shall mean The Community Bank, its subsidiaries and affiliates and any successor organization. 

 ARTICLE TWELVE 
  

	12.01	Communications. Any notice or communication required of either party with respect to this Agreement shall be made in writing and may either be delivered personally or sent by
First Class mail, as the case may be: 

 To the Bank: 
 The Community Bank 
 1265 Belmont Street -
P.O. Box 3035 
 Brockton, MA 02304 
 Attention: Chairman 
 To the Executive: 
 David W. Curtis 
 170 Main Street Sandwich, MA 02563 
  

 7 

 Each party shall have the right by written notice to change the place to which any notice
may be addressed. 
 ARTICLE THIRTEEN 
  

	13.01	Claims Procedure. In the event that benefits under this Agreement are not paid to the Executive (or his beneficiary in the case of the Executive’s death), and such
person feels entitled to receive them under the terms of this Agreement, a claim shall be made in writing to the Bank within sixty (60) days after written notice from the Bank to the Executive or his beneficiary or personal representative that
payments are not being made or are not to be made under this Agreement, or, within sixty (60) days after the date such benefit should have been paid under this Agreement according to such claimant. Such claim shall be reviewed by the Bank. If
the claim is approved or denied, in full or in part, the Bank shall provide a written notice of approval or denial within sixty (60) days setting forth the specific reason for denial, specific reference to the provisions of this Agreement upon
which the denial is based, and any additional material or information necessary to perfect the claim, if any. Also, such written notice shall indicate the steps to be taken if a review of the denial is desired. If a claim is denied (a claim shall be
deemed denied if the Bank does not take action within the aforesaid sixty (60) day period) and a review is desired, the Executive (or beneficiary or personal representative in the case of the Executive’s death) shall notify the Bank in
writing within twenty (20) business days from the earlier of the date of the denial or the end of such sixty (60) day period. In requesting a review, the Executive or his beneficiary or personal representative may review this Agreement or
any document relating to it and submit any written issues and comments he or she may feel appropriate. In its sole discretion the Bank shall then review the claim and provide a written decision within sixty (60) days after receiving the request
for review of the denial. This decision likewise shall state the specific reasons for the decision and shall include reference to specific provisions of this Agreement on which the decision is based. 

 Any decision of the Bank shall not be binding on the Executive, his personal representative, or any beneficiary without consent, nor shall
it preclude further action by the Executive, his personal representative or beneficiary. 
 ARTICLE FOURTEEN 
  

	14.01	Entire Agreement. This instrument may be altered or amended only by a written agreement signed by the parties hereto. 

  

	14.02	Actions. Any action with regard to this Agreement by the Bank or the Board of Directors of the Bank shall require a majority vote of the outside directors, except as
otherwise provided herein. 

  

 8 

	14.03	Jurisdiction. The terms and conditions of this Agreement are subject to the laws of the Commonwealth of Massachusetts. 

  

	14.04	Gender. Any reference in this Agreement to the masculine shall be deemed to include the feminine. 

 [Remainder of Page Intentionally Blank] 
  

 9 

 IN WITNESS WHEREOF, the Bank has caused this Agreement to be duly executed by its duly authorized officer
and its Seal affixed, duly attested by its Secretary, and the Executive has hereunto set his hand and seal at Brockton, Massachusetts the day and year first above written. 
  

							
		 		 	THE COMMUNITY BANK
				
	 /s/ Estrela N. Carvalho
	 		 	By:	 	 /s/ Richard K. Hynes

	Witness	 		 		 	Its Chairman
			
		 		 	EXECUTIVE
			
	 /s/ Estrela N. Carvalho
	 		 	 /s/ David W. Curtis

	Witness	 		 	David W. Curtis

  

 10 

 AMENDMENT NO. 1 
 TO 
 SUPPLEMENTAL COMPENSATION AGREEMENT 
 Dated as of August 27, 2007 
 Reference is made to that certain Supplemental
Compensation Agreement dated as of May 1, 2002 (the “Agreement”) by and between The Community Bank (the “Bank”) and David W. Curtis (the “Executive”). 
 WHEREAS, the Bank, its parent mutual holding company, Campello Bancorp, and the Executive have entered into, as of the date hereof, a Change in Control
Agreement providing for certain payments and benefits following the occurrence of certain specified events (the “Change in Control Agreement”); and 
 WHEREAS, the parties wish to maintain consistency in the use of certain defined terms in both the Agreement and the Change in Control Agreement and to reconcile certain provisions contain in the Agreement and the
Change in Control Agreement; 
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and for other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Bank and the Executive hereby agree as follows: 
 Amendment to Section 5.01. In Section 5.01, the term “reorganization” contained in the fourth line thereof shall be and hereby is deleted, and in place thereof shall be and hereby is inserted the term “Change
in Control”. 
 Amendment to Section 5.03. Section 5.03 shall be and hereby is amended as follows: 
  

	 	•	 	 The parenthetical phrase “(as determined by a vote of two-thirds of the Bank’s outside directors)” contained in the sixth line thereof shall be
deleted in its entirety and in place thereof shall be inserted the parenthetical phrase “(as determined by a vote of two-thirds of the outside directors of the Bank and its parent mutual holding company voting as a single body)”; and

  

	 	•	 	 At the end of Section 5.03, immediately preceding the period indicating the end of the section, the following clause shall be inserted: “; provided,
however, that the provisions of this Section 5.03 shall not apply, and shall have no further force or effect, upon and following the occurrence of a Change in Control”. 

 Amendment to Section 5.04. Section 5.04 shall be and hereby is amended and restated in its entirety to read as follows: 
  

	5.04	 Forfeiture. Anything to the contrary in this Agreement notwithstanding, benefits under this 

  

 11 

	 	 
Agreement shall be forfeited and all rights of the Executive and his beneficiaries shall become null and void, if the Executive’s employment is
terminated for Cause. For purposes of this Agreement, termination of the Executive’s employment for “Cause” shall mean termination on the basis of (i) the Executive’s willful and continued failure to substantially perform
his employment duties (other than any such failure resulting from the Executive’s death or incapacity due to physical or mental illness) after (A) a written demand for substantial performance is delivered to the Executive jointly by the
respective Chairpersons of the Bank’s and its parent mutual holding company’s Board of Directors, which demand specifically identifies the manner in which the Bank’s and its parent mutual holding company’s Board of Directors
believes that the Executive has not substantially performed his employment duties, and (B) the Executive has been afforded a reasonable opportunity to meet jointly with the Bank’s and its parent mutual holding company’s Board of
Directors regarding such assertions of nonperformance, or (ii) the Executive’s willfully engaging in conduct which is demonstrably and materially injurious to the Bank, monetarily or otherwise. For purposes of this Section 5.04, no
act, or failure to act, on the part of the Executive shall be deemed “willful” unless done, or omitted to be done, by the Executive not in good faith and without reasonable belief that his action or omission was in the best interests of
the Bank. The Executive shall be deemed to have been terminated for Cause only at such time as there shall have been delivered to him a written notice of termination by the Bank, which has been duly adopted by the affirmative vote of not less than a
majority in number of the entire membership of the Bank’s and its parent mutual holding company’s Board of Directors (excluding the Executive if he is then a director of either the Bank or its parent mutual holding company or both) voting
together as a single body at a joint meeting of such Boards of Directors duly called and held to consider such proposed termination of the Executive, and which states that, in the good faith opinion of such Boards of Directors, the Executive has
acted or failed to act in such a way that constitutes conduct set forth above in this Section 5.04 and specifies in detail the acts or omissions that constitute such conduct and serves as the basis for such termination for Cause.

 Amendment to Section 10.01. Section 10.01 shall be and hereby is amended and restated in its entirety
to read as follows: 
 10.01 Change in Control. For purposes of this Agreement, the term “Change in Control” shall mean any
change in the ownership or effective control of the Bank or its parent mutual holding company, or in the ownership of a substantial portion of the assets of the Bank or its parent mutual holding company, as such change is defined in
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations of the Internal Revenue Service promulgated thereunder (the “Regulations”); provided, however, that under no circumstances shall
any conversion of the Bank’s parent mutual holding company from mutual to stock form or any issuance of a minority interest in the Bank or any middle-tier stock holding company constitute on its own a Change in Control for purposes of this
Agreement. The Bank shall not consummate any transaction or series of related transactions that results in, or enter into any agreement that provides for or would result in, a Change in Control, unless and until any successor or continuing entity or
person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of a Change in Control, the term “Bank” as used in this Agreement shall be deemed to refer to any such successor or continuing
entity or person. 
  

 12 

 Amendment to Section 10.02. Section 10.02 shall be and hereby is amended as follows:

  

	 	•	 	 In the heading to Section 10.02, the term “Reorganization” shall be deleted and in place thereof shall be inserted the term “Change in
Control”; 

  

	 	•	 	 In the fourth line of Section 10.02, immediately after the word “following” shall be inserted the phrase “the occurrence of;

  

	 	•	 	 In the fourth line of Section 10.02, the term “reorganization” shall be deleted and in place thereof shall be inserted the term “Change in
Control”; and 

  

	 	•	 	 In the fifth and sixth lines of Section 10.02, the phrase “subject to Section 5.03 of this Agreement,” shall be deleted in its entirety.

 Addition of New Section 14.05. Immediately following Section 14.04 of the Agreement, the following
additional Section 14.05 shall be and hereby is added to the Agreement: 
  

	 	14.05	Compliance with Code Section 409A. The terms of this Agreement shall not be amended, modified or waived in any way if the effect thereof would be to change the time or
form of any payment or benefit under this Agreement, except to the extent permitted by Section 409A of the Code and the Regulations, and the provisions of this Agreement shall be construed so as to avoid the inclusion in gross income for
federal income tax purposes of any payment or benefit to be made hereunder to the Executive or to any of his beneficiaries or dependents pursuant to Section 409A of the Code and the Regulations. 

 The Agreement, as amended by this Amendment No. 1, is and shall continue to be in full force and effect and shall not be affected by this Amendment
No. 1, except and only to the extent specified above. 
 [Remainder of Page Intentionally Blank] 
  

 13 

 IN WITNESS WHEREOF, the undersigned Executive has hereunto set his hand and the Bank has caused this
Amendment No. 1 to be executed in its name and on its behalf by a duly authorized officer, in each case as an instrument under seal and as of the date set forth above. 
  

			
	THE COMMUNITY BANK
		
	By:	 	 /s/ Jane Callahan, Chairman

	Name:	 	
	Title	 	
	
	EXECUTIVE
	
	 /s/ David W. Curtis

	David W. Curtis

  

 14

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