Document:

Unassociated Document

    Exhibit
10.1

    

    December
12, 2008

    

    Robert
Segal, M.D., F.A.C.P.

    c/o
Discovery Laboratories, Inc.

    2600
Kelly Road

    Suite
100

    Warrington,
PA 18976

    

    Re:           Amendment
to Employment Agreement

    

    Dear Dr.
Segal,

    

    This
amendment is attached to and made part of the Amended and Restated Employment
Agreement dated as of May 4, 2006 between you and Discovery Laboratories, Inc.,
as amended (the “Agreement”).  Effective
as of the date hereof the parties hereby agree that certain provisions of the
Agreement are revised as set forth below.  Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed to such terms
as set forth in the Agreement.

    

    Section 2
of the Agreement is hereby amended to provide (i) that the Term of the Agreement
shall continue through May 3, 2010, and (ii) that, commencing on May 4, 2010,
and on each May 4th
thereafter, the Term of the Agreement shall automatically be extended for one
additional year, except in the event of notice as provided for
therein.

    

    Except as
amended herein, the remaining terms and conditions of the Agreement shall remain
in full force and effect.  This addendum confirms an agreement between
you and the Company with respect to the subject matter hereof and is a material
part of the consideration stated in the Agreement and mutual promises made in
connection therewith.  Please indicate your acceptance of the terms
contained herein by signing both copies of this amendment, retaining one copy
for your records, and forwarding the remaining copy to the Company.

    

    

    DISCOVERY
LABORATORIES, INC.

    

    
       

      
        	 	 	 	 	 	 
	By:	
                 

              	 	 	
                 

              	 
	Name:	
                Robert
      J. Capetola, Ph.D.

              	 	 	
                 

              	 
	Title:	
                President
      and CEO

              	 	 	
                 

              	 

      

       

       

      Accepted
and Agreed to:

      

      
        	 	 	 	 	 	 
	/s/
      Robert Segal, M.D., F.A.C.P.	 	 	
                 

              	 
	Name:	
                Robert
      Segal, M.D., F.A.C.P.Unassociated Document

    Exhibit
10.2

    

    

    December
12, 2008

    

    Charles
Katzer

    c/o
Discovery Laboratories, Inc.

    2600
Kelly Road

    Suite
100

    Warrington,
PA 18976

    

    Re:           Amendment
to Employment Agreement

    

    Dear Mr.
Katzer,

    

    This
amendment is attached to and made part of the Amended and Restated Employment
Agreement dated as of May 4, 2006 between you and Discovery Laboratories, Inc.,
as amended (the “Agreement”).  Effective
as of the date hereof the parties hereby agree that certain provisions of the
Agreement are revised as set forth below.  Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed to such terms
as set forth in the Agreement.

    

    Section 2
of the Agreement is hereby amended to provide (i) that the Term of the Agreement
shall continue through May 3, 2010, and (ii) that, commencing on May 4, 2010,
and on each May 4th
thereafter, the Term of the Agreement shall automatically be extended for one
additional year, except in the event of notice as provided for
therein.

    

    Except as
amended herein, the remaining terms and conditions of the Agreement shall remain
in full force and effect.  This addendum confirms an agreement between
you and the Company with respect to the subject matter hereof and is a material
part of the consideration stated in the Agreement and mutual promises made in
connection therewith.  Please indicate your acceptance of the terms
contained herein by signing both copies of this amendment, retaining one copy
for your records, and forwarding the remaining copy to the Company.

    

    

    DISCOVERY
LABORATORIES, INC.

     

    
      	 	 	 	 	 	 
	By:	
               

            	 	 	
               

            	 
	Name:	
              Robert
      J. Capetola, Ph.D.

            	 	 	
               

            	 
	Title:	
              President
      and CEO

            	 	 	
               

            	 

    

     

     

    Accepted
and Agreed to:

    

    
      	 	 	 	 	 	 
	/s/
      Charles F. Katzer	 	 	
               

            	 
	Name:	
              Charles
      F. KatzerExhibit 10.3.2
    

    

    

    
      AMENDMENT NO. 3
    

    
      TO THE
    

    
      SUPPLEMENTAL RETIREMENT INCOME AGREEMENT
    

    
      BY AND BETWEEN
    

    
      BROOKLINE BANK
    

    
      AND 
    

    
      RICHARD P. CHAPMAN, JR.
    

    
      THIS AMENDMENT NO. 3 (this “Amendment”) to the Supplemental Retirement
      Income Agreement (the “Agreement”) by and between Brookline Bank (the
      “Bank”) and Richard P. Chapman, Jr. (the “Executive”) is made and
      entered into effective as of December 31, 2004.
    

    
      RECITALS:
    

    
      WHEREAS, the Agreement was originally effective as of February 28, 1995
      and was subsequently amended in 1998 (the “1998 Amendment”) and in 2007
      (the “2007 Amendment”);  
    

    
      WHEREAS, Brookline Bank, as successor to Brookline Savings Bank, desires
      to freeze the Agreement as of December 31, 2004 to ensure that the
      Agreement is exempt from the requirements of Section 409A of the
      Internal Revenue Code of 1986, as amended (the “Code”);
    

    
       WHEREAS, Internal Revenue Service Notice 2005-1 (the “Notice”) provides
      that if a benefit was earned and vested as of December 31, 2004 and
      there has not been a material modification to the Agreement after
      October 3, 2004 then the benefit will be “grandfathered” and therefore
      not subject to Section 409A of the Code;
    

    
      WHEREAS, the Notice provides that the reduction of an existing benefit
      is not a material modification and that amending an agreement to stop
      future accruals is not a material modification;
    

    
      WHEREAS, the 1998 Amendment was not a material modification since it was
      adopted prior to October 4, 2004;
    

    
      WHEREAS, the 2007 Amendment was not a material modification since it
      reduced the benefits under the Agreement by (i) eliminating the early
      retirement and disability provisions, and (ii) changed the definition of
      Average Compensation (as such term is defined in the Agreement) in order
      to decrease the amount of the benefit payable under the Agreement; and
    

    
      WHEREAS, pursuant to Section 11 of the Agreement, the Bank and the
      Executive by mutual agreement may amend the Agreement from time to time;
    

    
      NOW, THEREFORE, in consideration of the premises, the mutual agreements
      herein set forth and such other consideration the sufficiency of which
      is hereby acknowledged, the Board of Directors of the Bank and the
      Executive hereby amend the Agreement as follows:
    

    
      Section 1. References to Brookline Savings Bank.  All references
      to Brookline Savings Bank in the Agreement are hereby changed to
      Brookline Bank.
    

    
      
        

        

      

      
        
          1
        

        
          

        

      

      
        

        

      

    

    
      Section 2. Amendment to Section 1 of the Agreement.  The
      definition of Average Compensation in Section 1 of the Agreement is
      hereby amended to add the following immediately after such section to
      read as follows:
    

    
      “Freezing of the Agreement.  Notwithstanding any provision
      in this Agreement to the contrary, no compensation earned after December
      31, 2004 will be used to determine the Executive’s Average Compensation
      or Normal Retirement Benefit.”
    

    
      Section 3. Amendment to Section 1 of the Agreement.  The
      definition of Normal Retirement Benefit in Section 1 of the Agreement is
      hereby amended to add the following immediately after such section to
      read as follows:
    

    
       “Notwithstanding any provision in this Agreement to the contrary,
      Normal Retirement Benefit shall equal the lesser of (i) the present
      value as of December 31, 2004 of the amount to which the Executive would
      have been entitled under the Agreement if the Executive had elected to
      Retire on such date and had received a full payment of such amount on
      January 1, 2005, including any earnings that are permissible under
      Section 409A of the Code, or (ii) $4,483,805 (the “Grandfathered
      Benefit”).  The lump sum present value of the Grandfathered Benefit as
      of December 31, 2004 equals the amount shown in Appendix A to this
      Amendment.”
    

    
      Section 4. No Further Modification.  Except as expressly amended
      hereby, the Agreement remains unmodified and in full force and effect.
    

    
      Section 5. Governing Law.  This Amendment shall be governed by
      and construed in accordance with the laws of the Commonwealth of
      Massachusetts without regard to its conflicts of laws principles.
    

    
      Section 6. Effectiveness.  The Amendment shall be deemed to be
      retroactively effective as of December 31, 2004.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      IN WITNESS WHEREOF, Brookline Bank and Brookline Bancorp, Inc.
      have caused this Amendment No. 3 to the Agreement to be executed by its
      duly authorized officer and the Executive has signed this Amendment No.
      3 on the 18th day of December, 2008.
    

    
    	
           
        	
          
            BROOKLINE BANK
          

        
	

        	
           
        	

        
	

        	
          
            By: /s/ Charles H. Peck
          

        
	

        	
          Charles H. Peck
        
	

        	
          President
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          
            BROOKLINE BANCORP, INC.
          

        
	

        	

        	
          
             
          

        
	

        	

        	
           
        
	

        	
          
            By: /s/ Charles H. Peck
          

        
	

        	
          Charles H. Peck
        
	

        	
          Executive Vice President
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          
            EXECUTIVE
          

        
	

        	

        	
           
        
	

        	
          
            /s/ Richard P. Chapman, Jr.
          

        
	

        	
          Richard P. Chapman, Jr.
        
	

        	
          Chairman and Chief Executive Officer
        
	

        	
          Brookline Bank and Brookline Bancorp, Inc.
        

    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      Appendix A
    

    
      The lump sum present value of the Grandfathered Benefit as of December
      31, 2004 equals $3,585,587.
    

    
      4

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