Document:

EX-10.2

 Exhibit 10.2 

EXECUTION COPY 
 RANDOLPH
BANCORP, INC. 
 ENVISION BANK 

CHANGE IN CONTROL AGREEMENT 

This Change in Control Agreement (“Agreement”) is made as of the 28th day of
January, 2020 by and between Randolph Bancorp, Inc., a Massachusetts business corporation (the “Company”), its wholly-owned subsidiary Envision Bank (the “Bank”) (the Company and the Bank hereinafter shall be collectively
referred to as the “Employers”), and Lauren B. Messmore (the “Executive”) and shall be effective upon the date of the commencement of Executive’s employment with the Company and the Bank (the “Effective Date”).

 1. Purpose. The Company considers it essential to the best interests of its stockholders to promote and preserve the continuous
employment of key management personnel. The Board of Directors of the Company (the “Board”) recognizes that, as is the case with many corporations, the possibility of a Change in Control (as defined in Section 2 hereof) exists and
that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of key management personnel to the detriment of the Company and its stockholders. Therefore, the Board has
determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Employers’ key management, including the Executive, to their assigned duties without distraction in the face
of potentially disturbing circumstances arising from the possibility of a Change in Control. Nothing in this Agreement shall be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the
Executive and the Employers, the Executive shall not have any right to be retained in the employ of the Employers. 
 2. Change in
Control. A “Change in Control” shall be deemed to have occurred upon the occurrence of any one of the following events: 
 (a)
any “Person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Act”) (other than the Company, the Bank any of its or their subsidiaries, or any trustee, fiduciary or other
person or entity holding securities under any employee benefit plan or trust of the Company, the Bank or any of its or their subsidiaries), together with all “affiliates” and “associates” (as such terms are defined in Rule 12b-2 under the Act) of such person, shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, of securities
of the Company representing 40 percent or more of the combined voting power of the Company’s then outstanding securities having the right to vote in an election of the Company’s Board of Directors (“Voting Securities”) (in
such case other than as a result of an acquisition of securities directly from the Company or in connection with a public offering); or 

 (b) persons who, as of the date hereof, constitute the Board (the “Incumbent
Directors”) cease for any reason, including, without limitation, as a result of a tender offer, proxy contest, merger or similar transaction, to constitute at least a majority of the Board, provided that any person becoming a director of the
Company subsequent to the date hereof shall be considered an Incumbent Director if such person’s election was approved by or such person was nominated for election by either (A) a vote of at least a majority of the Incumbent Directors or
(B) a vote of at least a majority of the Incumbent Directors who are members of a nominating committee comprised, in the majority, of Incumbent Directors; but provided further, that any such person whose initial assumption of office is in
connection with an actual or threatened election contest relating to the election of members of the Board or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board, including by reason of
agreement intended to avoid or settle any such actual or threatened contest or solicitation, shall not be considered an Incumbent Director; or 

(c) the consummation of (A) any consolidation or merger of the Company or the Bank where the stockholders of the Company, immediately
prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, shares
representing in the aggregate more than 50 percent of the voting shares of the Company issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any), or (B) any sale, lease, exchange or other
transfer (in one transaction or a series of transactions contemplated or arranged by any party as a single plan) of all or substantially all of the assets of the Company or of the Bank. 

Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have occurred for purposes of the foregoing clause
(a) solely as the result of an acquisition of securities by the Company that, by reducing the number of shares of Voting Securities outstanding, increases the proportionate number of shares of Voting Securities beneficially owned by any person
to 40 percent or more of the combined voting power of all then outstanding Voting Securities; provided, however, that if any person referred to in this sentence shall thereafter become the beneficial owner of any additional shares of Voting
Securities (other than pursuant to a stock split, stock dividend, or similar transaction or as a result of an acquisition of securities directly from the Company) and immediately thereafter beneficially owns 40 percent or more of the combined
voting power of all then outstanding Voting Securities, then a “Change in Control” shall be deemed to have occurred for purposes of the foregoing clause (a). 

3. Terminating Event. 
 A
“Terminating Event” shall mean any of the events provided in this Section 3: 
 (a) Termination by the Employers.
Termination by the Employers of the employment of the Executive with the Employers for any reason other than for Cause, death or Disability. For purposes of this Agreement, “Cause” shall mean, as determined by the Board in good faith, any
of the following: 
 (i) conduct by the Executive constituting a material act of misconduct in connection with the
performance of the Executive’s duties, including, without limitation, (A) willful failure or refusal to perform material responsibilities that have been requested by the Board; (B) dishonesty to the Board with respect to any material
matter; or (C) misappropriation of funds or property of the Company, the Bank or any of its or their subsidiaries or affiliates other than the occasional, customary and de minimis use of the Employers’ property for personal
purposes; 

  
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 (ii) the commission by the Executive of, or indictment of the Executive for,
acts satisfying the elements of (A) any felony or (B) a misdemeanor involving moral turpitude, deceit, dishonesty or fraud; 

(iii) any misconduct by the Executive, regardless of whether or not in the course of the Executive’s employment, that
would reasonably be expected to result in material injury or reputational harm to the Company or the Bank or any of its or their subsidiaries or affiliates if the Executive were to continue to be employed in the same position; 

(iv) a breach by the Executive of any of the provisions contained in Section 8 of the Executive’s Offer Letter dated
January 14, 2020, 2020 or the Nonsolicitation Agreement dated January 28, 2020; 
 (v) a material violation by the
Executive of any of the Company’s or the Bank’s written employment policies (including, without limitation, any ethic policies, codes of conduct, policies concerning substance abuse or policies concerning sexual harassment or other
discriminating harassment); or 
 (vi) the Executive’s failure to cooperate with a bona fide internal investigation or
an investigation by regulatory or law enforcement authorities, after being instructed by the Company or the Bank to cooperate, or the willful destruction or failure to preserve documents or other materials known to be relevant to such investigation
or the inducement of others to fail to cooperate or to produce documents or other materials in connection with such investigation. 
 A
Terminating Event shall not be deemed to have occurred pursuant to this Section 3(a) solely as a result of the Executive being an employee of any direct or indirect successor to the business or assets of the Employers, rather than continuing as
an employee of the Employers following a Change in Control. 
 (b) Termination by the Executive for Good Reason. For purposes of this
Agreement, “Good Reason” shall mean that the Executive has complied with the “Good Reason Process” (hereinafter defined), following the occurrence of any of the following events: 

(i) a material adverse change by the Employers, not consented to by the Executive, in the nature or scope of the
Executive’s responsibilities, title, authorities, powers, functions or duties from the responsibilities, title, authorities, powers, functions or duties normally exercised by an executive in the position of Executive Vice President and Chief
Financial Officer of the Company and the Bank; 

  
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 (ii) a material reduction in the Executive’s Base Salary unless such
reduction is implemented as part of an across-the-board percentage salary reduction based on the Company’s or the Bank’s financial performance similarly
applied to substantially all senior management employees; 
 (iii) the relocation of the office at which the Executive is
principally employed, such that there is an increase of more than thirty-five (35) miles of driving distance from the Executive’s principal residence (as of the date of the relocation) to such office as a result of such relocation; or 

(iv) a material breach of this Agreement by the Employers.

The “Good Reason Process” consists of the following steps: 

(v) the Executive reasonably determines in good faith that a Good Reason Condition has occurred; 

(vi) the Executive notifies the Employers in writing of the first occurrence of the Good Reason Condition within 60 days after
the first occurrence of such condition; 
 (vii) the Executive cooperates in good faith with the Employers’ efforts, for
a period of not less than 30 days following such notice (the “Cure Period”), to remedy the Good Reason Condition; 

(viii) notwithstanding such efforts, the Good Reason Condition continues to exist; and 

(ix) the Executive terminates employment within 60 days after the end of the Cure Period. 

If the Employers cure the Good Reason Condition during the Cure Period, Good Reason shall be deemed not to have occurred. Notwithstanding anything to the
contrary herein, (i) in the event of a sale or other disposition of all or substantially all of the assets of the Company or the Bank, the Executive shall not be considered to have been terminated from employment without Cause or to have Good
Reason for termination if the Company’s or the Bank’s successor-in-interest offers an employment relationship to the Executive on terms that would not
constitute Good Reason hereunder; and (ii) a reduction in duties, position or responsibilities solely by virtue of the Company or the Bank being acquired and made part of a larger entity, whether as a subsidiary, business unit or otherwise (as,
for example, when the CEO of the Bank remains the CEO of the Bank following a Change in Control where the Bank becomes a wholly owned subsidiary of the acquiror, but is not made the CEO of the acquiring corporation) will not constitute “Good
Reason.” 
 4. Change in Control Payment. In the event a Terminating Event occurs within 24 months after a Change in Control,
then the Employers shall pay to the Executive an amount equal to two times the sum of (i) the Executive’s annual base salary in effect immediately prior to the Terminating Event (or the Executive’s annual base salary in effect
immediately prior to the Change in Control, if higher) and (ii) the Executive’s average annual bonus over the three fiscal years immediately prior to the Change in Control, payable in one lump-sum
payment on the Date of Termination. 

  
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 5. Additional Limitation. 

(a) Anything in this Agreement to the contrary notwithstanding, in the event that the amount of any compensation, payment or distribution by
the Employers to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, calculated in a manner consistent with Section 280G of the Code and the
applicable regulations thereunder (the “Aggregate Payments”), would be subject to the excise tax imposed by Section 4999 of the Code, then the Aggregate Payments shall be reduced to the extent necessary so that no portion of the
Aggregate Payments would be subject to the excise tax. In such event, the Aggregate Payments shall be reduced in the following order: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to
Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits. To the extent any payment is to be made over time (e.g., in installments, etc.), then
the payments shall be reduced in reverse chronological order. 
 (b) The determination of the reduction provided in Section 5(a) shall
be made by a nationally recognized accounting firm selected by the Employers (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Employers and the Executive within 15 business days of the Date of
Termination, if applicable, or at such earlier time as is reasonably requested by the Employers or the Executive. Any determination by the Accounting Firm shall be binding upon the Employers and the Executive. 

6. Section 409A. 

(a) Anything in this Agreement to the contrary notwithstanding, if at the time of the Executive’s “separation from service”
within the meaning of Section 409A of the Code, the Employers determine that the Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the
Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the
Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the
Executive’s separation from service, or (B) the Executive’s death. 
 (b) The parties intend that this Agreement will be
administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments
hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and
regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. 

  
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 (c) To the extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Executive’s termination of employment, then such payments
or benefits shall be payable only upon the Executive’s “separation from service.” The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury
Regulation Section 1.409A-1(h). 
 (d) The Employers make no representation or warranty and
shall have no liability to the Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of,
such Section. 
 7. Term. This Agreement shall take effect on the date first set forth above and shall terminate upon the earlier of
(a) the termination of the Executive’s employment for any reason prior to a Change in Control, (b) the termination of the Executive’s employment with the Employers after a Change in Control for any reason other than the
occurrence of a Terminating Event, or (c) the date which is 24 months after a Change in Control if the Executive is still employed by the Employers. 

8. Withholding. All payments made by the Employers to the Executive under this Agreement shall be net of any tax or other amounts
required to be withheld by the Employers under applicable law. 
 9. Notice and Date of Termination. 

(a) Notice of Termination. After a Change in Control and during the term of this Agreement, any purported termination of the
Executive’s employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. For purposes of this Agreement, a “Notice
of Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. 
 (b)
Date of Termination. “Date of Termination” shall mean: (i) if the Executive’s employment is terminated by his death, the date of his death; (ii) if the Executive’s employment is terminated on account of
Executive’s Disability or by the Employers with or without Cause, the date on which Notice of Termination is given; (iii) if the Executive’s employment is terminated by the Executive without Good Reason, 30 days after the date on
which a Notice of Termination is given, and (iv) if the Executive’s employment is terminated by the Executive with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the
foregoing, in the event that the Executive gives a Notice of Termination to the Employers, the Employers may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Employers for purposes of
this Agreement. 

  
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 10. No Mitigation. The Employers agree that, if the Executive’s employment by
the Employers is terminated during the term of this Agreement, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Employers pursuant to Section 4 hereof.
Further, the amount of any payment provided for in this Agreement shall not be reduced by any compensation earned by the Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be
owed by the Executive to the Employers or otherwise. 
 11. Arbitration of Disputes. 

(a) Arbitration Generally. Any controversy or claim arising out of or relating to this Agreement or the breach thereof or otherwise
arising out of the Executive’s employment or the termination of that employment (including, without limitation, any claims of unlawful employment discrimination or retaliation, whether based on race, religion, national origin, sex, gender, age,
disability, sexual orientation, or any other protected class under applicable law, including without limitation Massachusetts General Laws Chapter 151B) shall, to the fullest extent permitted by law, be settled by arbitration in any forum and form
agreed upon by the parties or, in the absence of such an agreement, under the auspices of JAMS in Boston, Massachusetts in accordance with the JAMS Employment Arbitration Rules and Procedures, including, but not limited to, the rules and procedures
applicable to the selection of arbitrators. The Executive understands that the Executive may only bring such claims in the Executive’s individual capacity, and not as a plaintiff or class member in any purported class proceeding or any
purported representative proceeding. The Executive further understands that, by signing this Agreement, the Employers and the Executive are giving up any right they may have to a jury trial on all claims they may have against each
other. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This Section 11 shall be specifically enforceable. Notwithstanding the foregoing, this Section 11 shall not
preclude any party from pursuing a court action for the sole purpose of obtaining a temporary restraining order or a preliminary injunction in circumstances in which such relief is appropriate, including without limitation relief sought under the
Nonsolicitation Agreement; provided that any other relief shall be pursued through an arbitration proceeding pursuant to this Section 11.

(b) Arbitration Fees and Costs. The Executive shall be required to pay an arbitration fee to initiate any arbitration equal to what
the Executive would be charged as a first appearance fee in court. The Employers shall advance the remaining fees and costs of the arbitrator. However, to the extent permissible under the law, and following the arbitrator’s ruling on
the matter, the arbitrator may rule that the arbitrator’s fees and costs be distributed in an alternative manner. Each party shall pay its own costs and attorneys’ fees, if any. If, however, any party prevails on a statutory or
contractual claim that affords the prevailing party attorneys’ fees (including pursuant to this Agreement or the Nonsolicitation Agreement), the arbitrator may award attorneys’ fees to the prevailing party to the extent permitted by law.

 12. Consent to Jurisdiction. To the extent that any court action is permitted consistent with or to enforce Section 11 of this
Agreement, the parties hereby consent to the jurisdiction of the Superior Court of the Commonwealth of Massachusetts and the United States District Court for the District of Massachusetts. Accordingly, with respect to any such court action, the
Executive (a) submits to the personal jurisdiction of such courts; (b) consents to service of process; and (c) waives any other requirement (whether imposed by statute, rule of court, or otherwise) with respect to personal
jurisdiction or service of process. 

  
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 13. Integration. This Agreement constitutes the entire agreement between the parties
with respect to the subject matter hereof and supersedes in all respects all prior agreements between the parties concerning such subject matter. 

14. Successor to the Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal
representatives, executors, administrators, heirs, distributees, devisees and legatees. In the event of the Executive’s death after a Terminating Event but prior to the completion by the Employers of all payments due him under this Agreement,
the Employers shall continue such payments to the Executive’s beneficiary designated in writing to the Employers prior to his death (or to his estate, if the Executive fails to make such designation). 

15. Enforceability. If any portion or provision of this Agreement (including, without limitation, any portion or provision of any
Section of this Agreement) shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to
which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 

16. Waiver. No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of
any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any
subsequent breach. 
 17. Notices. Any notices, requests, demands and other communications provided for by this Agreement shall be
sufficient if in writing and delivered in person or sent by a nationally recognized overnight currier service of by registered or certified mail, postage prepaid, return receipt requested, to the Executive at the last address the Executive has filed
in writing with the Employers, or to the Employers at their main office, attention of the Board of Directors. 
 18. Amendment. This
Agreement may be amended or modified only by a written instrument signed by the Executive and by a duly authorized representative of the Employers. 

19. Effect on Other Plans. An election by the Executive to resign after a Change in Control under the provisions of this Agreement shall
not be deemed a voluntary termination of employment by the Executive for the purpose of interpreting the provisions of any of the Employers’ benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights
of the Executive under the Employers’ benefit plans, programs or policies except as otherwise provided in Section 5 (the “cut-back” provision) hereof, and except that the Executive
shall have no rights to any severance benefits under any Employer severance pay plan. In the event that the Executive is party to an employment agreement with the Employers providing for change in control payments or benefits, the Executive may
receive payment under this Agreement only and not both. The Executive shall make such an election in the event of a Change in Control.  

  
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 20. Governing Law. This is a Massachusetts contract and shall be construed under and
be governed in all respects by the laws of the Commonwealth of Massachusetts, without giving effect to the conflict of laws principles of such Commonwealth. With respect to any disputes concerning federal law, such disputes shall be determined in
accordance with the law as it would be interpreted and applied by the United States Court of Appeals for the First Circuit. 
 21.
Successor to Employers. The Employers shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Employers expressly to assume and
agree to perform this Agreement to the same extent that the Employers would be required to perform it if no succession had taken place. Failure of the Employers to obtain an assumption of this Agreement at or prior to the effectiveness of any
succession shall be a material breach of this Agreement. 
 22. Gender Neutral. Wherever used herein, a pronoun in the masculine
gender shall be considered as including the feminine gender unless the context clearly indicates otherwise. 
 23. Allocation of
Obligations Between Employers. The obligations of the Employers under this Agreement are intended to be the joint and several obligations of the Bank and the Company, and the Employers shall, as between themselves, allocate these obligations in
a manner agreed upon by them. 
 24. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be taken to be an original; but such counterparts shall together constitute one and the same document.  

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement effective on the Effective
Date. 
  

			
	RANDOLPH BANCORP, INC.
		
	By:	 	/s/ Kenneth K. Quigley, Jr.
	Name:	 	Kenneth K. Quigley, Jr.
	Title:	 	Chairman of the Board
	
	ENVISION BANK
		
	By:	 	/s/ Kenneth K. Quigley, Jr.
	Name:	 	Kenneth K. Quigley, Jr.
	Title:	 	Chairman of the Board

  

	
	EXECUTIVE
	
	/s/ Lauren B. Messmore
	Lauren B. Messmore

 [Signature Page to Change in Control Agreement]EX-10.3

 Exhibit 10.3 

EXECUTION COPY 
 January 28, 2020 

James P. McDonough 
  

	Re:	 Retirement Agreement 

Dear Jim: 
 Randolph Bancorp, Inc. (the
“Company”) and Envision Bank (the “Bank” and together with the Company, the “Employers”) appreciate your dedicated service. This letter constitutes an agreement (the “Agreement”)
between you and the Employers concerning your retirement from employment with the Employers.  
 Specifically, you and the Employers agree as
follows: 
 1. Continued Employment and Retirement 

You and the Employers are currently parties to a March 22, 2013 letter agreement concerning your employment (the “Employment
Agreement”). Notwithstanding that either you or the Employers have the right under the Employment Agreement to terminate your employment at will, the Employers agree that, in the absence of Cause, as defined in the Employment Agreement,
your resignation before the commencement of employment of a new President and Chief Executive Officer of the Employers (the “New CEO Start Date”), or your material breach of this Agreement, the Employers shall continue your
employment until the New CEO Start Date, which shall be no earlier than April 1, 2020 (such commencement date, your “Retirement Date”). If you remain employed with the Employers until the Retirement Date, you shall retire from
employment effective on that date. In exchange, you shall be entitled to the “Retirement Benefits” described in Section 2 and the accelerated vesting of equity described in Section 3, subject to the terms and conditions of such
sections. During the remaining period of your employment (the “Continued Employment Period”), you shall continue to hold the titles of President and Chief Executive Officer of the Company and the Bank and you shall have the
responsibilities attendant to those positions. You shall also use your best efforts to assist the Employers in planning for an effective transition of your responsibilities upon your retirement. During the Continued Employment Period, you shall
remain entitled to receive payments and benefits under Sections 1-5 of the Employment Agreement, subject to the terms of applicable policies, programs and plans. You further acknowledge that the termination of your employment on the Retirement Date
in accordance with this Agreement shall not make you eligible to receive payments pursuant to Section 9 (“Severance”) of the Employment Agreement. 

	2.	 Retirement Benefits 

Subject to (i) your continued employment to and retirement on the Retirement Date and (ii) your execution and non-revocation of the
supplemental release of claims substantially in the form attached hereto as Exhibit A (the “Release Agreement”), you shall be entitled to the following payments and benefits. The Employers may tender the Release Agreement to you at
any time on or after the Retirement Date. Payments and benefits pursuant to this Section 2 shall not be delayed pending your execution and non-revocation of the Release Agreement, but if you fail to execute the Release Agreement within the time
period set forth in the Release Agreement or if you timely exercise your right to revoke the Release Agreement, the Employers shall not be obligated to provide the payments and benefits set forth in this Section 2. Each payment pursuant to this
Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). 
 (a)
Salary Continuation. The Bank shall pay you twelve (12) months of salary continuation at your final base salary rate of $400,000 per year (the “Salary Continuation Payments”) effective for the period from April 2, 2020
to and including April 1, 2021 (the “Salary Continuation Period”). The Employers shall pay you the Salary Continuation Payments on the Bank’s regular payroll dates applicable to the Salary Continuation Period. 

(b) Transition Incentive Pay. In consideration for your continued services and in support of a smooth succession process and your
agreement to the obligations set forth in Section 6 of this Agreement (Noncompetition and Nonsolicitation), the Bank shall pay you transition incentive pay (“Transition Pay”) of $200,000, paid concurrently in installments with
the Salary Continuation Payments effective for the Salary Continuation Period on the Bank’s regular payroll dates. For the avoidance of doubt, you shall be entitled to receive a total of $600,000 consisting of the Salary Continuation Payments
and the Transition Pay, to be paid for the Salary Continuation Period on the Bank’s regular payroll dates applicable to the Salary Continuation Period. 

(c) Health Benefits. Subject to your proper election to receive benefits under the Consolidated Omnibus Budget Reconciliation Act of
1985, as amended (“COBRA”), the Employers shall pay to the group health plan provider(s) or the COBRA provider(s) a monthly payment of up to $1,000 towards your premium payments for COBRA continuation (the “COBRA Continuation
Payments”) until the earliest of (A) the eighteen (18) month anniversary of the Retirement Date; (B) your eligibility for group medical plan benefits under any other employer’s group medical plan; or (C) the
cessation of your continuation rights under COBRA; provided, however, if the Employers determine that the Employers cannot pay such amounts to the group health plan provider(s) or the COBRA provider(s) (if applicable) without potentially
violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), then the Employers shall convert such payments to payroll payments directly to you for the time period specified above. Such payments shall
be subject to tax-related deductions and withholdings and paid on the Bank’s regular payroll dates. You will be responsible for any portion of premium payments or other health insurance costs exceeding the Employers’ $1,000 monthly
contribution. For ease of administration and your convenience, during the period when the Employers are obligated to make the COBRA Continuation Payments, unless it has determined that such payments must be converted to payroll payments directly to
you, the Bank shall pay directly all group health plan premiums under COBRA and shall withhold the portion of the premiums exceeding the Employers’ monthly contribution from the Salary Continuation Payments. 

  
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 3. Equity  

You and the Company are parties to three agreements pursuant to the Company’s 2017 Stock Option and Incentive Plan (the “Plan”), each of
which has a grant date of October 12, 2017, as follows: (1) Restricted Stock Award Agreement for 35,212 shares of the Company’s common stock, subject to vesting (the “RSA Agreement”); (2) Incentive Stock Option
Agreement for an option to purchase 34,106 shares of the Company’s common stock, subject to vesting (the “ISO Agreement”); and (3) Non-Qualified Stock Option Agreement for an option to purchase 24,581 shares of the
Company’s common stock, subject to vesting (the “NQ Agreement”) and, together with the RSA Agreement and the ISO Agreement, the “Award Agreements”). The Company acknowledges that for purposes of each Award
Agreement, your retirement on the Retirement Date has been approved by the Board of Directors of the Company as part of a succession plan covering you and, accordingly, subject to (i) your employment to and retirement on the Retirement Date and
(ii) your continued compliance with your obligations under this Agreement throughout the Continued Employment Period, all unvested shares under each Award Agreement shall vest on the Retirement Date. You acknowledge that your rights to equity
in the Company are limited to those rights provided under the Award Agreements and are subject to the Plan. 
 4. Return of Property 

You agree to return to the Employers all Company or Bank property on or before the Retirement Date, including, without limitation, keys, access cards, files
and any documents (including computerized data and any copies made of any computerized data or software) containing information concerning the Company or the Bank, its or their business or its or their business relationships. You also commit to
deleting and finally purging any duplicates of files or documents that may contain Company or Bank information from any computer or other device in your possession on or before the Retirement Date. In the event that you discover that you continue to
retain any such property after the Retirement Date, you shall return it to the Company or the Bank immediately. 
 5. Proprietary Information 

You understand and agree that you have been employed in a position of confidence and trust and have had access to information concerning the Employers that the
Employers treat as confidential and the disclosure of which could negatively affect the Company or the Bank’s interests (“Proprietary Information”). By way of illustration, Proprietary Information may include information or
material that has not been made generally available to the public, such as: (a) management information, including plans, strategies, methods, policies, resolutions, negotiations or litigation; (b) marketing information,
including strategies, methods, customer or business partner identities or other information about customers, business partners, prospect identities or other information about prospects, or market analyses or projections; (c) financial
information, to the extent treated by the Employers as confidential; and (d) personnel information, including personnel lists, reporting or organizational structure, resumes, personnel data, performance evaluations and
termination arrangements or documents. Proprietary Information also includes information received in confidence by the Company or the Bank from its customers, suppliers, business partners or other third parties. 

  
 3 

 You agree that you shall not use or disclose any Proprietary Information at any time before or after the
Retirement Date without the written consent of the Company and the Bank. 
 6. Noncompetition and Nonsolicitation 

During the Salary Continuation Period, you shall not, directly or indirectly, (a) whether as owner, partner, shareholder, consultant, agent, employee,
co-venturer or otherwise, engage, participate, assist, invest in or serve on the Board of Directors of any Competing Business; (b) employ, attempt to employ, recruit or otherwise solicit, induce or influence any person to leave employment with
the Company or the Bank; or (c) solicit or encourage any customer to terminate or otherwise modify adversely his, her or its relationship with the Company or the Bank. Notwithstanding the foregoing, you may own up to one percent of the
outstanding common stock of a publicly held corporation that is engaged in a Competing Business. For purposes of this Agreement, the term “Competing Business” shall mean any bank or other financial services business that has a
branch office or other place of business (other than solely an ATM) in Massachusetts. Notwithstanding the foregoing, you may own up to one percent (1%) of the outstanding stock of a publicly held corporation which constitutes or is affiliated
with a Competing Business. 
 7. Continuing Obligations  

You reaffirm your obligations under the Non-Solicitation and Non-Disclosure Agreement between you and the Employers, dated March 22, 2013 (the
“Non-Solicitation Agreement”). For the avoidance of doubt, for purposes of the Non-Solicitation Agreement, the “Restriction Term” means the period of your employment with the Employers and the one year period immediately
after such employment ends. 
 8. Nondisparagement  
 You
agree not to make any disparaging statements concerning the Company, the Bank or any of its or their affiliates or current or former officers, directors, shareholders, employees or agents; the products, services or programs provided or to be
provided by the Company or the Bank; or the business affairs, operation, management or the financial condition of the Company or the Bank. These nondisparagement obligations shall not in any way affect your obligation to testify truthfully in any
legal proceeding. 

  
 4 

 9. Release of Claims 

In consideration for, among other terms, your continued employment, the opportunity to receive the Retirement Benefits set forth in Section 2 of this
Agreement (subject to the further Release Agreement requirement) and the accelerated vesting of equity under Section 3 of this Agreement, to which you acknowledge you would otherwise not be entitled, you voluntarily release and forever
discharge the Company, the Bank, their respective predecessors, successors and assigns, their respective employee benefit plans and fiduciaries of such plans, and the current and former officers, directors, shareholders, members, employees,
attorneys, accountants and agents of each of the foregoing in their official and personal capacities (collectively referred to as the “Releasees”) generally from all claims, demands, debts, damages and liabilities of every name and
nature, known or unknown (“Claims”) that, as of the date when you sign this Agreement, you have, ever had, now claim to have or ever claimed to have had against any or all of the Releasees. This release includes, without limitation,
all Claims: 
  

	 	•	 	 relating to your employment by the Employers and the termination of your employment pursuant to this Agreement;

  

	 	•	 	 of wrongful discharge; 

 

	 	•	 	 of breach of contract; 

 

	 	•	 	 of retaliation or discrimination under federal, state or local law (including, without limitation, Claims of age
discrimination or retaliation under the Age Discrimination in Employment Act, Claims of disability discrimination or retaliation under the Americans with Disabilities Act, Claims of discrimination or retaliation under Title VII of the Civil Rights
Act of 1964, and Claims of any form of discrimination or retaliation that is prohibited by Massachusetts General Laws chapter 151B); 

  

	 	•	 	 under any other federal or state statute; 

 

	 	•	 	 of defamation or other torts; 

 

	 	•	 	 of violation of public policy; 

 

	 	•	 	 for wages, bonuses, incentive compensation, stock, stock options, vacation pay or any other compensation or
benefits, including under the Massachusetts Wage Act, M.G.L. c. 149, §§148-150C or otherwise; and 

  

	 	•	 	 for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages,
injunctive relief and attorney’s fees; 

 provided, however, that this release shall not affect your rights under this
Agreement or your rights to indemnification pursuant to the Company’s Amended and Restated By-Laws, dated March 3, 2016 or the Bank’s Amended and Restated By-Laws, dated March 12, 2018, nor shall it affect any Claim that by
express terms of law may not be waived. 
 10. Transitional Services  

You agree to provide up to 80 hours of transitional services to the Employers during the Salary Continuation Period at any reasonable times requested by
the Employers; provided that the Employers shall not require you to perform such services at any time that would conflict with your personal or professional commitments. 

  
 5 

 11. Litigation and Regulatory Cooperation  

During and after the Salary Continuation Period, you agree to cooperate fully with the Employers in (i) 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 the Company or the Bank which relate to events or occurrences that transpired while you were employed by the Employers, and (ii) the investigation, whether
internal or external, of any matters about which the Employers believe you may have knowledge or information. Your full cooperation in connection with such claims, actions or investigations shall include, but not be limited to, being available to
meet with counsel to answer questions or to prepare for discovery or trial and to act as a witness on behalf of the Company or the Bank at mutually convenient times. During and after the Salary Continuation Period, you also shall cooperate fully
with the Employers in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that transpired while you were employed by the Employers. The
Employers shall reimburse you for any reasonable out-of-pocket expenses incurred in connection with your performance of obligations pursuant to this Section 11.

 12. Protected Disclosures and Other Protected Actions 

Nothing contained in this Agreement limits your ability to file a charge or complaint with any federal, state or local governmental agency or commission (a
“Government Agency”). In addition, nothing contained in this Agreement limits your ability to communicate with any Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government
Agency, including your ability to provide documents or other information, without notice to the Company, nor does anything contained in this Agreement apply to truthful testimony in litigation. If you file any charge or complaint with any Government
Agency and if the Government Agency pursues any claim on your behalf, or if any other third party pursues any claim on your behalf, you waive any right to monetary or other individualized relief (either individually or as part of any collective or
class action); provided that nothing in this Agreement limits any right you may have to receive a whistleblower award or bounty for information provided to the Securities and Exchange Commission. In addition, for the avoidance of doubt,
pursuant to the federal Defend Trade Secrets Act of 2016, you shall not be held criminally or civilly liable under any federal or state trade secret law or under this Agreement or the Non-Solicitation Agreement 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. 
 13. Other Terms 

(a) Legal Representation. This Agreement is a legally binding document and your signature will commit you to its terms. You acknowledge
that you have been advised to discuss all aspects of this Agreement with your attorney, that you have carefully read and fully understand all of the provisions of this Agreement and that you are voluntarily entering into this Agreement. 

  
 6 

 (b) Absence of Reliance. You acknowledge that you are not relying on any promises or
representations by the Employers or any of their agents, representatives or attorneys regarding any subject matter addressed in this Agreement. 

(c) Enforceability. If any portion or provision of this Agreement (including, without limitation, any portion or provision of any
section of this Agreement) shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to
which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 

(d) Termination of Payments. In the event that you fail to comply with any of your obligations, under this Agreement, including without
limitation Section 6 (Noncompetition and Nonsolicitation), in addition to any other legal or equitable remedies they may have for such breach the Employers shall have the right to terminate payments to you under this Agreement. The termination
of such payments in the event of such breach by you will not affect your continuing obligations under this Agreement. 
 (e) Waiver.
No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of
this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 

(f) Notices. Any notices, requests, demands and other communications provided for by this Agreement shall be sufficient if in writing
and delivered in person or sent by a nationally recognized overnight courier service or by registered or certified mail, postage prepaid, return receipt requested, to you at the last address you have filed in writing with the Employers or, in the
case of the Employers, at the Bank’s main offices, attention of the Bank’s Board of Directors. 
 (g) Governing Law;
Interpretation. This is a Massachusetts contract and shall be construed under and be governed in all respects by the laws of the Commonwealth of Massachusetts, without giving effect to the conflict of laws principles thereof. With respect to any
disputes concerning federal law, such disputes shall be determined in accordance with the law as it would be interpreted and applied by the United States Court of Appeals for the First Circuit. 

(h) Jurisdiction. You consent to the jurisdiction of the state and federal courts of the Commonwealth of Massachusetts. Accordingly,
with respect to any such court action, you submit to the personal jurisdiction of such courts. 
 (i) Enforcement. You agree that it
would be difficult to measure any harm caused to the Company or the Bank that might result from any breach by you of your promises set forth in the Non-Solicitation Agreement or the sections above entitled Return of Property, Proprietary
Information, Noncompetition and Nonsolicitation, Nondisparagement, Transitional Services and 

  
 7 

 
Litigation and Regulatory Cooperation (the “Designated Provisions”), and that in any event money damages would be an inadequate remedy for any such breach. Accordingly, you agree
that if you breach, or propose to breach, any portion of your obligations under any of the Designated Provisions, the Employers shall be entitled, in addition to all other remedies they may have, to an injunction or other appropriate equitable
relief to restrain any such breach, without showing or proving any actual damage to the Company or the Bank and without the necessity of posting a bond. In the event that the Company or the Bank prevails in any action to enforce any of the
Designated Provisions, then you also shall be liable to the Company or the Bank for attorney’s fees and costs incurred by the Company or the Bank in enforcing such provision(s). 

(j) Integration. This Agreement, including the Release Agreement, constitutes the entire agreement between the parties with respect to
the subject matter hereof and supersedes all prior agreements between the parties concerning such subject matter, provided that the Non-Solicitation Agreement, the Award Agreements and the Plan remain in full force and effect and the
Employment Agreement shall continue in effect subject to the terms of this Agreement. 
 (k) Time for Consideration; Effective Date.
You acknowledge that you have been given the opportunity to consider this Agreement for a period of 21 days from the date when it is tendered to you. In the event that you executed this Agreement within less than 21 days, you acknowledge that such
decision was entirely voluntary and that you had the opportunity to consider this Agreement until the end of the 21-day period. To accept this Agreement, you shall deliver a signed Agreement (either as an original or as a PDF copy attached to an
email) to Kenneth K. Quigley, Jr., Chairman of the Board, Ken.Quigley@outlook.com, within such 21-day period; provided that you acknowledge that the Employers may change the designated recipient by notice. For a period of seven business
days from the date when you execute this Agreement (the “Revocation Period”), you shall retain the right to revoke this Agreement by written notice that is received by Mr. Quigley or other recipient designated by the
Employers or before the last day of the Revocation Period. This Agreement shall take effect only if it is executed within the 21-day period as set forth above and if it is not revoked pursuant to the preceding sentence. If those conditions are
satisfied, this Agreement shall become effective and enforceable on the date immediately following the last day of the Revocation Period (the “Effective Date”). 

(l) Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be
taken to be an original; but such counterparts shall together constitute one and the same document. 
 (m) Section 409A. Anything
in this Agreement to the contrary notwithstanding, if at the time of your separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986 (the “Code”), the Employers determine that you are a
“specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that you become entitled to under this Agreement or otherwise on account of your separation from service would
be considered deferred compensation otherwise subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be
payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after 

  
 8 

 
your separation from service, or (B) your death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering
amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. The parties intend that this
Agreement will be administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so
that all payments hereunder comply with Section 409A of the Code. Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation
Section 1.409A-2(b)(2). The parties agree that this Agreement may be amended, as reasonably requested by any party, and as may be necessary to fully comply with Section 409A of the Code and all
related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to any party. The Employers make no representation or warranty and shall have no liability to you or any other person if any
provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such section. To the extent that any payment or benefit described in
this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the termination of your employment, then such payments or benefits shall
be payable only upon your “separation from service.” The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). 
 [signature page follows] 

  
 9 

 Please indicate your agreement to the terms of this Agreement by signing and returning to me the original or
a PDF copy of this letter within the time period set forth above. 
 Very truly yours, 

RANDOLPH BANCORP, INC. AND ENVISION BANK 
  

					
	 By:
	  	 /s/ Kenneth K. Quigley, Jr.
	  	     January 28, 2020

		  	Kenneth K. Quigley, Jr.	  	Date
		  	Chairman of the Board	  	

 You are advised to consult with an attorney before signing this Agreement. The foregoing is agreed to and accepted by: 

 

			
	 /s/ James P. McDonough
	  	     January 28, 2020

	James P. McDonough	  	Date

  

  
 [Signature Page to
Retirement Agreement] 

 Exhibit A 

RELEASE AGREEMENT 
 I enter into
this Release Agreement (the “Release Agreement”) pursuant to Section 2 of the Retirement Agreement by and among Randolph Bancorp, Inc. (the “Company”), Envision Bank (the “Bank” and together
with the Company, the “Employers”) and me (the “Retirement Agreement”). I acknowledge that my timely execution and return and my non-revocation of this Release Agreement are conditions to the payment of the
Retirement Benefits pursuant to Section 2 of the Retirement Agreement. Capitalized terms used herein and not otherwise defined have the meanings ascribed to such terms in the Retirement Agreement. I therefore agree to the following terms: 

1. Release of Claims. I voluntarily release and forever discharge the Company, the Bank, their respective predecessors, successors and
assigns, their respective employee benefit plans and fiduciaries of such plans, and the current and former officers, directors, shareholders, members, employees, attorneys, accountants and agents of each of the foregoing in their official and
personal capacities (collectively referred to as the “Releasees”) generally from all claims, demands, debts, damages and liabilities of every name and nature, known or unknown (“Claims”) that, as of the date when I
sign this Release Agreement, I have, ever had, now claim to have or ever claimed to have had against any or all of the Releasees. This release includes, without limitation, all Claims: 

 

	 	•	 	 relating to my employment by the Employers and the termination of my employment pursuant to the Retirement
Agreement; 

  

	 	•	 	 of wrongful discharge; 

 

	 	•	 	 of breach of contract; 

 

	 	•	 	 of retaliation or discrimination under federal, state or local law (including, without limitation, Claims of age
discrimination or retaliation under the Age Discrimination in Employment Act, Claims of disability discrimination or retaliation under the Americans with Disabilities Act, Claims of discrimination or retaliation under Title VII of the Civil Rights
Act of 1964, and Claims of any form of discrimination or retaliation that is prohibited by Massachusetts General Laws chapter 151B); 

  

	 	•	 	 under any other federal or state statute; 

 

	 	•	 	 of defamation or other torts; 

 

	 	•	 	 of violation of public policy; 

 

	 	•	 	 for wages, bonuses, incentive compensation, stock, stock options, vacation pay or any other compensation or
benefits, including under the Massachusetts Wage Act, M.G.L. c. 149, §§148-150C or otherwise; and 

  

	 	•	 	 for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages,
injunctive relief and attorney’s fees; 

 provided, however, that this Release Agreement shall not affect my rights to
indemnification pursuant to the Company’s Amended and Restated By-Laws, dated March 3, 2016 or the Bank’s Amended and Restated By-Laws, dated March 12, 2018, nor shall it affect any Claim that by express terms of law may not be
waived. 

  
 A-1 

 2. Protected Disclosures and Other Matters. Nothing contained in this Release limits
my ability to file a charge or complaint with any federal, state or local governmental agency or commission (a “Government Agency”). In addition, nothing contained in this Release Agreement limits my ability to communicate with any
Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including my ability to provide documents or other information, without notice to the Employers, nor does anything
contained in this Release apply to truthful testimony in litigation. If I file any charge or complaint with any Government Agency and if the Government Agency pursues any claim on my behalf, or if any other third party pursues any claim on my
behalf, I waive any right to monetary or other individualized relief (either individually, or as part of any collective or class action). Further, for the avoidance of doubt, pursuant to the federal Defend Trade Secrets Act of 2016, I shall not be
held criminally or civilly liable 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. 

3. Continuing Obligations. I reaffirm my obligations under the Retirement Agreement, including without limitation the Designated
Provisions, as well as under the Non-Solicitation Agreement. 
 4. No Assignment. I represent that I have not assigned to any other
person or entity any Claims against any Releasee. 
 5. Right to Consider and Revoke Release Agreement. I acknowledge that I have been
given the opportunity to consider this Release Agreement for a period of 21 days from the date when it is tendered to me. In the event that I executed this Release Agreement within less than 21 days, I acknowledge that such decision was entirely
voluntary and that I had the opportunity to consider this Release Agreement until the end of the 21-day period. To accept this Release Agreement, I shall deliver a signed Release Agreement (either as an original or as a PDF copy attached to an
email) to Kenneth K. Quigley, Jr., Chairman of the Board, Ken.Quigley@outlook.com, within such 21-day period; provided that I acknowledge that the Employers may change the designated recipient by notice. For a period of seven business
days from the date when I execute this Release Agreement (the “Revocation Period”), I shall retain the right to revoke this Release Agreement by written notice that is received by Mr. Quigley or other recipient designated
by the Employers or before the last day of the Revocation Period. This Release Agreement shall take effect only if it is executed within the 21-day period as set forth above and if it is not revoked pursuant to the preceding sentence. If those
conditions are satisfied, this Release Agreement shall become effective and enforceable on the date immediately following the last day of the Revocation Period (the “Effective Date”). 

  
 A-2 

 6. Other Terms. 

(a) Legal Representation; Review of Release Agreement. I acknowledge that I have been advised to discuss all aspects of this Release
Agreement with my attorney, that I have carefully read and fully understand all of the provisions of this Release Agreement and that I am voluntarily entering into this Release Agreement. 

(b) Binding Nature of Release Agreement. This Release Agreement shall be binding upon me and upon my heirs, administrators,
representatives and executors. 
 (c) Amendment. This Release Agreement may be amended only upon a written agreement executed by the
Employers and me. 
 (d) Severability. In the event that at any future time it is determined by an arbitrator or court of competent
jurisdiction that any covenant, clause, provision or term of this Release is illegal, invalid or unenforceable, the remaining provisions and terms of this Release Agreement shall not be affected thereby and the illegal, invalid or unenforceable term
or provision shall be severed from the remainder of this Release Agreement. In the event of such severance, the remaining covenants shall be binding and enforceable. 

(e) Governing Law and Interpretation. This Release Agreement shall be deemed to be made and entered into in the Commonwealth of
Massachusetts, and shall in all respects be interpreted, enforced and governed under the laws of the Commonwealth of Massachusetts, without giving effect to the conflict of laws principles of such Commonwealth. The language of all parts of this
Release Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against either the Employers or me. 

(f) Absence of Reliance. I acknowledge that I am not relying on any promises or representations by the Employers or any of their agents,
representatives or attorneys regarding any subject matter addressed in this Release Agreement. 
 So agreed. 

 

			
	  
	  	  

	James P. McDonough	  	Date

  
 A-3

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