Document:

Exhibit 10.30

                            THE WARWICK SAVINGS BANK
                          OUTSIDE DIRECTORS' STOCK PLAN

1. PURPOSE OF THE PLAN. The purpose of the Outside Directors' Stock Plan
("Plan") is to promote the growth and profitability of The Warwick Savings Bank
("Bank") and Warwick Community Bancorp, Inc. ("Company") by providing a program
pursuant to which outside directors of the Bank may be compensated for their
services on the Bank's Board of Directors ("Board"), as well as their services
to the Company, in shares of common stock, par value $0.01 per share, of the
Company ("Common Stock"), thereby increasing each outside director's equity
interest in the Company and further aligning the outside directors' interests
with those of the Company's shareholders.

2. OPERATION OF THE PLAN. In December of each year, the Chairman will determine,
and recommend for approval by the Board, the rate of annual retainer to be paid
to each outside director for service on the Board for the next succeeding
calendar year if such retainer is to be paid in shares of Common Stock and the
rate of annual retainer if such retainer is to be paid in cash. Unless an
election is made pursuant to paragraph 3 below, each outside director will be
paid the annual retainer in shares of Common Stock. Such payment will be made in
four equal installments, on or about the last business day of each calendar
quarter. The number of shares to be received by each outside director on each
payment date shall be determined by dividing the rate of annual retainer by the
closing price for a share of Common Stock on the first trading day of the
calendar year and then dividing such number by four and rounding to the nearest
whole number. Thus, for example, if rate of annual retainer for the 2001
calendar year is $12,000, each outside director will be entitled to a
distribution of 223 shares on each of March 30, 2001, June 29, 2001, September
28, 2001 and December 31, 2001, based on a closing price per share of $13.44 as
of January 2, 2001.

3. ELECTION TO RECEIVE CASH IN LIEU OF COMMON STOCK. Any outside director may
make an election, in writing, to receive his or her annual retainer for any
calendar year in cash rather than shares of Common Stock at the rate of annual
retainer determined by the Board for such year, which cash retainer shall be
paid in four equal installments, on or about the last business day of each
calendar quarter. Such election must be in writing and may only be made during
the first window period of each calendar year. Elections received by the Bank
during such window period will be effective only for the calendar year in which
such window period occurs and may not be revoked or modified at any time during
that calendar year.

4. ADMINISTRATION OF THE PLAN. The Plan shall be administered by the Corporate
Secretary of the Bank.

5. PROCEDURE FOR PAYMENT OF SHARES. On the last business day of each calendar
quarter, the Company shall cause the number of shares payable to each outside
director pursuant to paragraph 1 above to be purchased for the account of each
outside director who has not made an election pursuant to paragraph 3 above. All
transaction costs incurred in connection with such purchases shall be borne by
the Company. Alternatively, the Company may issue the required number of shares
to each outside director from the Company's treasury; PROVIDED, HOWEVER, that
the Company will not issue any shares from its treasury unless there is an
effective registration statement in effect for such shares.

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6. DIVIDENDS AND VOTING RIGHTS. Following the distribution of shares of Common
Stock to each outside director under the Plan, the outside director shall be the
record owner of such Common Stock, entitled to all ownership rights and
privileges, including but not limited to, dividend and voting rights.

7. TAXES. Each outside director shall be solely responsible for the payment of
any or all income or self-employment withholding taxes associated with the
distribution of shares of Common Stock or cash to an outside director under the
Plan.

8. AMENDMENT AND TERMINATION. The Plan may be terminated or amended, in whole or
in part, by the Bank at any time.

9. STATUS AS AN EMPLOYEE BENEFIT PLAN. The Plan is not intended to satisfy the
requirements for qualification under section 401(a) of the Internal Revenue Code
1986, as amended, or to satisfy the definitional requirements for an "employee
benefit plan" under section 3(3) of the Employee Retirement Income Security Act
of 1974, as amended ("ERISA") . It is intended to be a non-qualified incentive
compensation program that is exempt from the regulatory requirements of ERISA.
The Plan shall be construed and administered so as to effectuate this intent.

10. NO RIGHT TO CONTINUED BOARD SERVICE. The Plan shall not be held or construed
to confer upon any outside director any right to continued service on the Board
of Directors of the Bank or the Company.

11. GOVERNING LAW. The Plan shall be construed, administered and enforced in
accordance with the laws of the State of New York without giving effect to the
conflict of laws principles thereof, except to the extent that such laws are
preempted by federal law.

12. TERM OF THE PLAN. The Plan shall remain in effect until the earlier of (i)
termination by the Board or (ii) the fifth anniversary of the effective date of
the Plan.

13. ADJUSTMENTS FOR BUSINESS REORGANIZATION, STOCK SPLIT OR STOCK DIVIDEND. In
the event of a business reorganization, stock split, stock dividend or other
event generally affecting the number of shares remaining to be paid in any
calendar year to outside directors pursuant to paragraph 1, then such number of
shares remaining to be paid in such calendar year shall be adjusted, as
determined by the Board, to account for such event.

14.      EFFECTIVE DATE.  The Plan shall be effective as of January 1, 2001.

                                       -2-Exhibit 10.31

             FIRST AMENDMENT TO THE WARWICK COMMUNITY BANCORP, INC.
                          EMPLOYEE STOCK OWNERSHIP PLAN

Pursuant to section 16.1 of the Warwick Community Bancorp, Inc. Employee Stock
Ownership Plan ("Plan"), the Plan is hereby amended as follows, effective as of
January 1, 1997:

1.       ARTICLE XIII - Effective as of January 1, 1997, section 13.3, of the
         Plan shall be amended by adding the following clause to the end of
         section 13.3(a)(i):

         PROVIDED, HOWEVER, that if termination of employment occurs prior to
         January 1, 1998 and the total vested balance credited to his Account at
         termination of employment is $3,500 or less, or if termination of
         employment occurs after December 31, 1998 and the total vested balance
         credited to his Account at termination of employment is $5,000 (or such
         higher amount as may be prescribed by law) or less, his entire vested
         interest in his Account shall be paid to him in a single lump sum as
         soon as practicable after termination of employment.

2. ARTICLE XVII - Effective as of January 1, 1997, section 17.8 of the Plan
shall be amended by adding the following sentence at the end of subsection (a):

         Notwithstanding any provision to the contrary, the contribution to be
         made for any Participant (other than a Key Employee) under the first
         sentence of this section 17.8(a) shall be made regardless of whether
         the Participant has less than 1,000 Hours of Service in such Top Heavy
         Plan Year and regardless of such Participant's level of compensation.

3. ARTICLE XVII - Effective as of January 1, 1997, section 17.8 of the Plan
shall be amended by adding a new subsection (c) to read in its entirety as
follows:

                  (c) Notwithstanding any provision to the contrary, for any Top
         Heavy Plan Year, the vesting schedule for each Participant who has one
         or more Hours of Service after the Plan becomes Top Heavy shall be as
         follows for all Accounts which have not been forfeited:

            YEARS OF                           VESTED
         VESTING SERVICE                     PERCENTAGE
--------------------------------------------------------------------
                2                                 20%
                3                                 40%
                4                                 60%
                5                                 80%
                6                                 100%

                                   Page 1 of 2

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4. In all other respects, the Plan shall continue in effect in accordance with
its terms.

                                               WARWICK COMMUNITY BANCORP, INC.

                                               By:/s/ Timothy A. Dempsey
                                                  ----------------------------
                                                  Timothy A. Dempsey
                                                  Chairman of the Board and
                                                   Chief Executive Officer

Attest:

By:/s/ Nancy Sobotor-Littell
   ------------------------------------
   Nancy Sobotor-Littell
   Corporate Secretary and Director

                                   Page 2 of 2Exhibit 10.32

             SECOND AMENDMENT TO THE WARWICK COMMUNITY BANCORP, INC.
                          EMPLOYEE STOCK OWNERSHIP PLAN

Pursuant to section 1.3 of the Warwick Community Bancorp, Inc. Employee Stock
Ownership Plan ("Plan"), the Plan is hereby amended as follows:

1.       ARTICLE I - Section 1.3 of the Plan, the definition of "Allocation
         Compensation," shall be amended by adding the following clause after
         the phrase "pursuant to section 6041(a) of the Code,":

                  ; PROVIDED, HOWEVER, that, effective as of January 1, 1999,
                  the term Allocation Compensation shall not include any amounts
                  attributable to the vesting of awards of stock under the
                  Recognition and Retention Plan of Warwick Community Bancorp,
                  Inc. or to the exercise of stock options under the Stock
                  Option Plan of Warwick Community Bancorp, Inc. or otherwise.

2.       ARTICLE IX - Effective as of January 1, 1999, the first sentence of
         section 9.3, FORFEITURES ON TERMINATION OF EMPLOYMENT, is amended in
         its entirety to read as follows:

         Upon the termination of employment of a Participant or Former
         Participant for any reason other than death, Disability or Retirement,
         that portion of the balance credited to his Account which is not vested
         at the date of such termination shall be forfeited as of the first day
         of the calendar year immediately following the Plan Year in which such
         termination of employment occurs, unless the Participant or Former
         Participant is re-employed prior to such forfeiture.

3.       In all other respects, the Plan shall continue in effect in accordance
         with its terms.

                                               WARWICK COMMUNITY BANCORP, INC.

                                               By:/s/ Timothy A. Dempsey
                                                  ----------------------------
                                                  Timothy A. Dempsey
                                                  Chairman of the Board and
                                                   Chief Executive Officer

Attest:

By:/s/ Nancy Sobotor-Littell
   ------------------------------------
   Nancy Sobotor-Littell
   Corporate Secretary and Director

                                   Page 1 of 1

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