Document:

EX-10.1

 Exhibit 10.1 

AMENDATORY AGREEMENT 

TO EMPLOYMENT AGREEMENT 

This AMENDATORY AGREEMENT (the “Amendatory Agreement”) is made and entered into as of the 7th day of August, 2015 by and among Lakeland Bancorp, Inc. (“Bancorp”), Lakeland Bank (the “Bank” and, collectively with Bancorp, the “Company”) and Thomas J. Shara (the
“Executive”). 
 WITNESSETH: 

WHEREAS, the Company and the Executive entered into a certain Employment Agreement, dated as of April 2, 2008 (the
“Agreement”); and 
 WHEREAS, the Agreement provides for certain severance in the event of the Executive’s
involuntary termination of employment following a “Change in Control” (as defined therein); and 
 WHEREAS, the
Company and the Executive desire to amend the Agreement to clarify certain terms of the severance to be paid thereunder in such event; and 

WHEREAS, Section 14 of the Agreement permits the Agreement to be amended by a writing executed by the parties thereto; 

NOW, THEREFORE, the Company and the Executive hereby agree that, effective as of the date first above written, Section 5(h)(v) of
the Agreement (defining “Change in Control Severance Amount”) is hereby amended by adding the following at the thereof: 

“For purposes of the foregoing, the Executive’s salary and highest annual bonus shall be determined without regard to any reductions
to any salary or bonus amounts made at the election of the Executive, including without limitation, reductions pursuant to any deferral election under a 401(k) plan or deferred compensation plan or arrangement or contributions made under a
“cafeteria plan” within the meaning of Section 125 of the Code.” 
 Except as specifically provided herein to the
contrary, the Agreement shall continue in full force and effect. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Company has caused this Amendatory Agreement to be executed and
the Executive has hereunto set his hand, all as of the date first above written. 
  

			
	EXECUTIVE:
	
	/s/ Thomas J. Shara
		 	Thomas J. Shara

  

	
	WITNESS:
	   

  

			
	LAKELAND BANCORP, INC.
		
	By:	 	/s/ Mary Ann Deacon
		 	Mary Ann Deacon, Chairman

  

	
	WITNESS:
	   

  

			
	LAKELAND BANK
		
	By:	 	/s/ Mary Ann Deacon
		 	Mary Ann Deacon, Chairman

  

	
	WITNESS:EX-10.2

 Exhibit 10.2 

AMENDATORY AGREEMENT 

TO CHANGE IN CONTROL AGREEMENT 

This AMENDATORY AGREEMENT (the “Amendatory Agreement”) is made and entered into as of the 7th day of August, 2015 by and among Lakeland Bancorp, Inc. (“Bancorp”), Lakeland Bank (the “Bank” and, collectively with Bancorp, the “Company”) and Joseph F. Hurley (the
“Executive”). 
 WITNESSETH: 

WHEREAS, the Company and the Executive entered into a certain Change in Control Agreement, dated as of March 1, 2001, which
Agreement has been amended from time to time thereafter (as amended, the “Agreement”); and 
 WHEREAS, the Agreement
provides for certain terms and conditions of the Executive’s employment in the event of a “Change in Control” (as defined therein); and 

WHEREAS, the Company and the Executive desire to amend the Agreement to clarify certain terms of the severance to be paid thereunder;
and 
 WHEREAS, Section 16 of the Agreement permits the Agreement to be amended by a writing executed by the parties
thereto; 
 NOW, THEREFORE, the Company and the Executive hereby agree that, effective as of the date first above written, the
following sections are hereby amended: 
  

	 	1.	Section 1(c) of the Agreement (definition of the “Contract Period”) is hereby amended by deleting the noted subsection in its entirety and replacing it with the following: 

Contract Period. “Contract Period” shall mean the period commencing the day immediately preceding a Change in Control and
ending of the earlier of (i) the second anniversary of the Change in Control, (ii) June 30, 2017, or (iii) the death of the Executive.” 
  

	 	2.	Section 9 of the Agreement (“Termination Without Cause or Resignation for Good Reason”) is hereby amended by adding the following at the thereof: 

“For purposes of the foregoing, the Executive’s salary and cash bonus shall be determined without regard to any reductions to such
amounts made at the election of the Executive, including without limitation, reductions pursuant to any deferral election under a 401(k) plan or deferred compensation plan or arrangement or contributions made under a “cafeteria plan”
within the meaning of Section 125 of the Internal Revenue Code of 1986, as amended.” 

 Except as specifically provided herein to the contrary, the Agreement shall continue in full
force and effect. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Company has caused this Amendatory Agreement to be executed and
the Executive has hereunto set his hand, all as of the date first above written. 
  

			
	EXECUTIVE:
	
	/s/ Joseph F. Hurley
		 	Joseph F. Hurley

  

	
	WITNESS:
	   

  

			
	LAKELAND BANCORP, INC.
		
	By:	 	/s/ Thomas J. Shara
		 	Thomas J. Shara, President and CEO

  

	
	WITNESS:
	   

  

			
	LAKELAND BANK
		
	By:	 	/s/ Thomas J. Shara
		 	Thomas J. Shara, President and CEO

  

	
	WITNESS:EX-10.3

 Exhibit 10.3 

AMENDATORY AGREEMENT 

TO CHANGE IN CONTROL AGREEMENT 

This AMENDATORY AGREEMENT (the “Amendatory Agreement”) is made and entered into as of the 7th day of August, 2015 by and among Lakeland Bancorp, Inc. (“Bancorp”), Lakeland Bank (the “Bank” and, collectively with Bancorp, the “Company”) and Robert A. Vandenbergh
(the “Executive”). 
 WITNESSETH: 

WHEREAS, the Company and the Executive entered into a certain Change in Control Agreement, dated as of March 1, 2001, which
Agreement has been amended from time to time thereafter (as amended, the “Agreement”); and 
 WHEREAS, the Agreement
provides for certain terms and conditions of the Executive’s employment in the event of a “Change in Control” (as defined therein); and 

WHEREAS, the Company and the Executive desire to amend the Agreement to clarify certain terms of the severance to be paid thereunder;
and 
 WHEREAS, Section 16 of the Agreement permits the Agreement to be amended by a writing executed by the parties
thereto; 
 NOW, THEREFORE, the Company and the Executive hereby agree that, effective as of the date first above written,
Section 9 of the Agreement (“Termination Without Cause or Resignation for Good Reason”) is hereby amended by adding the following at the thereof: 

“For purposes of the foregoing, the Executive’s salary and cash bonus shall be determined without regard to any reductions to such
amounts made at the election of the Executive, including without limitation, reductions pursuant to any deferral election under a 401(k) plan or deferred compensation plan or arrangement or contributions made under a “cafeteria plan”
within the meaning of Section 125 of the Internal Revenue Code of 1986, as amended.” 
 Except as specifically provided herein to
the contrary, the Agreement shall continue in full force and effect. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Company has caused this Amendatory Agreement to be executed and
the Executive has hereunto set his hand, all as of the date first above written. 
  

			
	EXECUTIVE:
	
	/s/ Robert A. Vandenbergh
		 	Robert A. Vandenbergh

  

	
	WITNESS:
	   

  

			
	LAKELAND BANCORP, INC.
		
	By:	 	/s/ Thomas J. Shara
		 	Thomas J. Shara, President and CEO

  

	
	WITNESS:
	   

  

			
	LAKELAND BANK
		
	By:	 	/s/ Thomas J. Shara
		 	Thomas J. Shara, President and CEO

  

	
	WITNESS:EX-10.4

 Exhibit 10.4 

AMENDATORY AGREEMENT 

TO CHANGE IN CONTROL AGREEMENT 

This AMENDATORY AGREEMENT (the “Amendatory Agreement”) is made and entered into as of the 7th day of August, 2015 by and among Lakeland Bancorp, Inc. (“Bancorp”), Lakeland Bank (the “Bank” and, collectively with Bancorp, the “Company”) and Ronald E. Schwarz (the
“Executive”). 
 WITNESSETH: 

WHEREAS, the Company and the Executive entered into a certain Change in Control Agreement, dated as of June 12, 2009, which
Agreement has been amended from time to time thereafter (as amended, the “Agreement”); and 
 WHEREAS, the Agreement
provides for certain terms and conditions of the Executive’s employment in the event of a “Change in Control” (as defined therein); and 

WHEREAS, the Company and the Executive desire to amend the Agreement to clarify certain terms of the severance to be paid thereunder;
and 
 WHEREAS, Section 16 of the Agreement permits the Agreement to be amended by a writing executed by the parties
thereto; 
 NOW, THEREFORE, the Company and the Executive hereby agree that, effective as of the date first above written,
Section 9 of the Agreement (“Termination Without Cause or Resignation for Good Reason”) is hereby amended by adding the following at the thereof: 

“For purposes of the foregoing, the Executive’s salary and cash bonus shall be determined without regard to any reductions to such
amounts made at the election of the Executive, including without limitation, reductions pursuant to any deferral election under a 401(k) plan or deferred compensation plan or arrangement or contributions made under a “cafeteria plan”
within the meaning of Section 125 of the Internal Revenue Code of 1986, as amended.” 
 Except as specifically provided herein to
the contrary, the Agreement shall continue in full force and effect. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Company has caused this Amendatory Agreement to be executed and
the Executive has hereunto set his hand, all as of the date first above written. 
  

			
	EXECUTIVE:
	
	/s/ Ronald E. Schwarz
		 	Ronald E. Schwarz

  

	
	WITNESS:
	   

  

			
	LAKELAND BANCORP, INC.
		
	By:	 	/s/ Thomas J. Shara
		 	Thomas J. Shara, President and CEO

  

	
	WITNESS:
	   

  

			
	LAKELAND BANK
		
	By:	 	/s/ Thomas J. Shara
		 	Thomas J. Shara, President and CEO

  

	
	WITNESS:PCP 20150628 10-Q EX10.1

AMENDMENT NO. 2 AND CONSENT
TO CREDIT AGREEMENT

This Amendment No. 2 and Consent to Credit Agreement (this “Amendment”), dated as of June 15, 2015, among PRECISION CASTPARTS CORP., an Oregon corporation (the “Borrower”), the financial institutions party hereto, as Lenders (the “Lenders”), and BANK OF AMERICA, N.A., as administrative agent for the Lenders (together with its successors and assigns in such capacity, the “Administrative Agent”), amends that certain Credit Agreement, dated as of December 16, 2013 (as amended by that certain Amendment No. 1 to Credit Agreement dated as of April 1, 2015, and as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement;” unless otherwise defined herein, the terms used herein shall have the respective meanings assigned to such terms in, or incorporated by reference into, the Credit Agreement).

WHEREAS, the Borrower is permitted pursuant to Section 2.15 of the Credit Agreement to request, at any time during the period commencing one year prior to the Maturity Date then in effect (the “Existing Maturity Date”) and ending thirty Business Days prior to the Existing Maturity Date (such period, the “Permitted Request Period”), that each Lender extend its Maturity Date for an additional 364 days from the Existing Maturity Date; 

WHEREAS, the Borrower has requested that Administrative Agent and the Lenders party hereto agree to (a) extend the Maturity Date to December 13, 2019 (the “Maturity Date Extension”) pursuant to Section 2.15 of the Credit Agreement, (b) amend Section 2.15 of the Credit Agreement to allow future extensions and (c) consent to such Maturity Date Extension notwithstanding that the Borrower has requested such Maturity Date Extension outside of the Permitted Request Period; and

WHEREAS, the Credit Agreement requires that the consent of the Borrower and the Required Lenders, and the acknowledgement of the Administrative Agent, be obtained in order to effect the amendment and consent contemplated herein;

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties hereto agree as follows:

SECTION 1.  Amendment.  Subject to the terms and conditions set forth herein, the Credit Agreement shall be amended as follows:

(a)    Section 1.01 of the Credit Agreement shall be amended as follows:
(i)    adding the following new defined term in proper alphabetical order:
““Amendment No. 2” means that certain Amendment No. 2 and Consent to Credit Agreement dated as of June 15, 2015, by and among the Borrower, the Lenders party thereto and the Administrative Agent.”; and
(ii)    amending the defined term “Maturity Date” by deleting such term in its entirety and replacing it with the following:
““Maturity Date” means the later of (a) (i) with respect to each Lender that does not elect to extend, pursuant to Amendment No. 2, the Maturity Date then in effect immediately prior to the 

effectiveness of Amendment No. 2, December 14, 2018 and (ii) with respect to each Lender that elects to extend, pursuant to Amendment No. 2, the Maturity Date then in effect immediately prior to the effectiveness of Amendment No. 2, December 13, 2019 or (b) if maturity is further extended pursuant to Section 2.15, such extended maturity date as determined pursuant to such Section; provided, however, that, in each case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day.”
(b)    Section 2.15(a) shall be amended and restated as follows:
“(a)  Requests for Extension.  The Borrower may, at any time during the period commencing one year prior to the Maturity Date then in effect hereunder for any Lender (the “Existing Maturity Date”) and ending thirty Business Days’ prior to the Existing Maturity Date, provide notice to the Administrative Agent (who shall promptly notify such Lenders) requesting that each such Lender extend such Lender’s Maturity Date for an additional 364 days from the Existing Maturity Date; provided that in no event shall the Maturity Date, taking into account all extensions permitted hereunder, be extended beyond December 14, 2020.”
SECTION 2.  Consent.  Subject to and in accordance with the terms and conditions set forth herein, the Administrative Agent, the L/C Issuer, the Swing Line Lender and the Required Lenders hereby consent and agree to the Maturity Date Extension.

SECTION 3.  Conditions Precedent.  The effectiveness of this Amendment and the amendment and consent to the Credit Agreement provided in Sections 1 and 2, respectively, are subject to the satisfaction of the following conditions precedent:

(a)    the Administrative Agent shall have received counterparts of this Amendment, duly executed by the Borrower, the Administrative Agent, the L/C Issuer, the Swing Line Lender and the Required Lenders; 

(b)    the Administrative Agent shall have received a certificate signed by a Responsible Officer of the Borrower, dated as of the date hereof, (i) certifying and attaching the resolutions adopted by the Borrower approving or consenting to the Maturity Date Extension and (ii) certifying that, before and after giving effect to such Maturity Date Extension, (A) the representations and warranties contained in Article V of the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, except the representations and warranties contained in subsections (a) and (b) of Section 5.04 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01 of the Credit Agreement, and (B) no Default exists; and 

(c)    all fees and expenses payable to the Administrative Agent and the Lenders pursuant to Section 5 of this Amendment shall have been paid in full by the Borrower.

SECTION 4.  Representations and Warranties.  The Borrower hereby makes to the Lenders and the Administrative Agent on and as of the date hereof the following representations and warranties:

(a)    Authority.  The Borrower has the requisite corporate power and authority to execute and deliver this Amendment and to perform its obligations hereunder and under the Credit Agreement (as modified hereby).  The execution, delivery and performance by the Borrower of this Amendment and the performance 

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of the Credit Agreement (as modified hereby) have been duly approved by all necessary corporate action and no other proceedings are necessary to consummate such transactions;

(b)    Enforceability.  This Amendment has been duly executed and delivered by the Borrower.  The Credit Agreement (as modified hereby) is the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, and is in full force and effect; 

(c)     Representations and Warranties.  The representations and warranties of the Borrower contained in the Credit Agreement (other than any such representations or warranties that, by their terms, are specifically made as of a date other than the date hereof) are correct on and as of the date hereof as though made on and as of the date hereof; and

(d)     No Events of Default.  No event has occurred and is continuing that constitutes, or with the giving of notice or passage of time (or both) will constitute, an Event of Default.

SECTION 5.  Fees and Expenses.  The Borrower agrees to pay all fees and expenses payable to the Administrative Agent (including the reasonable out of pocket fees and expenses of counsel to the Administrative Agent) incurred in connection with the execution and delivery of this Amendment.

SECTION 6.  Reference to and Effect on the Credit Agreement.

(a)    Except as amended hereby, the Credit Agreement is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed by the Lenders, the L/C Issuer, the Swing Line Lender and the Administrative Agent.

(b)    The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Lenders, the L/C Issuer, the Swing Line Lender or the Administrative Agent under the Credit Agreement or constitute a waiver of any provision of the Credit Agreement.

SECTION 7.  Amendment and Waiver.  No provision hereof may be amended, waived, supplemented, restated, discharged or terminated without the written consent of the parties hereto.

SECTION 8.  Successors and Assigns.  This Amendment shall bind, and the benefits hereof shall inure to the parties hereof and their respective successors and permitted assigns. 

SECTION 9.  Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

SECTION 10.  Severability; Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument.  Any provisions of this Amendment which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  Delivery of an executed 

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counterpart of a signature page of this Amendment by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Amendment.

SECTION 11.  Captions.  The captions in this Amendment are for convenience of reference only and shall not define or limit any of the terms or provisions hereof.

SECTION 12.  “Grandfathered Obligation” under FATCA.  For purposes of determining withholding Taxes imposed under the Foreign Account Tax Compliance Act (FATCA), from and after the effective date of this Amendment, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Loans as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first written above.

PRECISION CASTPARTS CORP.,
  as Borrower

By:    /s/ Steve Blackmore            
Name:  Steve Blackmore
Title:    Vice President and Treasurer

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

BANK OF AMERICA, N.A., as Administrative Agent

By: /s/ Don B. Pinzon                
Name: Don B. Pinzon
Title: Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

BANK OF AMERICA, N.A., as a Lender, the L/C Issuer and the Swing Line Lender
By:  /s/ Jeannette Lu                 
Name:  Jeannette Lu
Title:    Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

CITIBANK, N.A., as a Lender 
By:  /s/ Brian Reed     
Name: Brian Reed   
Title:  Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender 
By:  /s/ Mark Holm     
Name: Mark Holm   
Title: Managing Director

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

MIZUHO BANK (USA), as a Lender 
By:  /s/ Donna DeMagistris     
Name: Donna DeMagistris  
Title: Senior Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

U.S. BANK NATIONAL ASSOCIATION, as a Lender 
By:  /s/ Kurban H. Merchant     
Name: Kurban H. Merchant   
Title:  Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

PNC BANK, NATIONAL ASSOCIATION, as a Lender 
By:  /s/ Deborah M. Lee     
Name: Deborah M. Lee   
Title:  Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender 
By:  /s/ Katie Cunningham     
Name: Katie Cunningham  
Title: Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

JPMORGAN CHASE BANK, N.A., as a Lender 
By:  /s/ Matthew H. Massie     
Name:  Matthew H. Massie
Title: Managing Director

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

BANK OF CHINA, NEW YORK BRANCH, as a Lender 
By:  /s/ Haifeng Xu     
Name: Haifeng Xu  
Title: Executive Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

BARCLAYS BANK PLC, as a Lender 
By:  /s/ Nyagaka Ongeri     
Name:   Nyagaka Ongeri
Title: Managing Director

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

THE BANK OF NOVA SCOTIA, as a Lender 
By:  /s/ Winston Lua     
Name:  Winston Lua 
Title: Director

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

THE BANK OF NEW YORK MELLON, as a Lender 
By:  /s/ John T. Smathers     
Name:   John T. Smathers
Title: First Vice President

Precision Castparts Corp. 
5-Year Credit Agreement Amendment No. 2 and Consent 
Signature Page
67115148_3

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