Document:

Exhibit 10.9

 Exhibit 10.9 
 RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT 
 THIS
RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT made and entered into as of the 23RD day of December, 2008, by and between Belmont Savings Bank, a Massachusetts savings bank with its principal place of business in Belmont, Massachusetts (hereinafter referred to as the “Bank” or
in its capacity as the owner of the life insurance policies referred to herein, the “Owner”), and John A. Citrano, of Bedford, Massachusetts (hereinafter in his capacity as an executive employee of the Bank referred to as the
“Executive”): 
 WITNESSETH THAT: 
 WHEREAS, the Executive is employed as an executive employee of the Bank; and 

WHEREAS, the retirement benefits potentially available to the Executive under the Bank’s qualified retirement plan have been
curtailed by federal legislation, including the provisions of section 415 of the Internal Revenue Code, limiting benefits under qualified retirement plans and the provisions of Section 401(a)(17) of the Internal Revenue Code, limiting the
amount of compensation that can be considered, in determining such benefits; and 
 WHEREAS, in order to compensate the
Executive for such curtailment of qualified plan benefits, the Bank and the Executive wish to provide a source of supplemental retirement benefits for the Executive following his retirement from the Bank; and 

WHEREAS, the Bank and the Executive have determined to use policies of life insurance insuring the Executive’s life issued by the
John Hancock Variable Life Insurance Company, policy number FV 3234372, with an initial death benefit of $ 1,250,000 and New York Life Insurance Company, policy number 56022619, with an initial death benefit of $950,000 (hereinafter, referred to as
the “Policy” or “Policies”) as an investment vehicle to provide such supplemental retirement benefits and to provide life insurance protection for the Executive’s family in the event of his death while employed by the Bank
(such insurance companies hereinafter referred to as the “Insurer” or “Insurers”); and 
 WHEREAS, the Bank
is willing to continue to pay certain premiums with respect to the Policies, as an additional employment benefit for the Executive, on the terms and conditions hereinafter set forth, which Policies shall be owned by the Bank which shall possess all
incidents of ownership in and to the Policies except as set forth herein; and 
 WHEREAS, as a result of certain federal income
tax changes and possible regulatory changes emanating therefrom, the Executive has transferred the Policies to the Bank and the Bank and the Executive will take the steps necessary to terminate the Bank’s obligations under a prior Supplement
Retirement Agreement between the parties hereto dated December 1, 1994, as thereafter amended; 

 WHEREAS, the Executive wishes to have the Bank endorse the Policies for the purpose of
allowing the Executive to designate a beneficiary or beneficiaries who will receive certain death benefits under the Policies in the event of the death of the Executive while employed by the Bank; and 

WHEREAS, the parties hereto entered into a Supplemental Retirement Agreement dated December 23, 2003, which was thereafter amended
by the First Amendment thereto dated February 11, 2004 and the Second Amendment thereto dated February 21, 2007; and, as a result of the adoption of Section 409A of the Internal Revenue Code, as amended, was further amended and
restated on April 9, 2008; and 
 WHEREAS, the parties wish to further amend said Supplemental Retirement Agreement by
deleting said Agreement in its entirety and substituting therefor this Restated Supplemental Retirement Agreement; 
 NOW,
THEREFORE, in consideration of the premises and of the mutual promises contained herein, said Supplemental Retirement Agreement is hereby amended in its entirety to read as follows: 

1. Purchase of Policies. The Owner has acquired the Policies from the Executive. The parties hereto have taken all necessary
action to cause the Insurers to issue the Policies, and shall take any further action which may be necessary to cause the Policies to conform to the provisions of this Agreement. The parties hereto agree that the Policies shall be subject to the
terms and conditions of this Agreement and of the endorsement agreement executed by the parties hereto relating to the Policies. All capitalized words and phrases not otherwise defined herein shall have the same meaning such words and phrases have
in the Policies. 
 2. Ownership of Policies. The Owner shall be the sole and absolute owner of the Policies, and may
exercise all ownership rights granted to the owner thereof by the terms of the Policies, except, that while this Agreement is in effect the Executive shall have the right while the Executive is employed by the Bank to designate a beneficiary or
beneficiaries to receive certain death benefits payable under the Policies as provided for in Section 3.a. hereof. It is the intention of the parties to this Agreement that despite the endorsement agreement executed by the Owner to the
Executive in connection herewith that the Owner shall retain all rights which the Policies grant to the owner thereof; the sole right of the Executive hereunder being the right to name a beneficiary or beneficiaries as described above in this
Section 2. All provisions of this Agreement and of such endorsement agreement shall be construed so as to carry out such intention. 
 3. Rights on Death or Termination of Employment. 
 a. Death. If the
Executive should die while employed by the Bank and prior to the termination of this Agreement, any death benefit payable under the Policies shall be paid as set forth in the Endorsement Agreement entered into by the Executive and the Bank in the
form of Exhibit B hereto. Subject to the provisions of Section 6.b., in no event shall the beneficiary(ies) named by the Executive receive more than the policy proceeds paid by the Insurers as a result of the death of the Executive. 

  
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 b. Termination of Employment Prior to Age 55 or With Fewer Than Ten (10) Years of
Service. If the Executive’s employment with the Bank should terminate for any reason other than his death or disability at a time when the Executive has not both (i) attained age 55 and (ii) completed ten (10) Years of
Service with the Bank, the Executive shall be entitled to the following Supplemental Retirement Benefit: 
 (i) If the
Executive voluntarily terminates his employment with the Bank other than for Good Reason as defined below, the Bank shall pay to the Executive in a lump sum not later than sixty (60) days after the date the Executive’s employment so
terminates an amount equal to the then cash surrender value of the Policies less the aggregate amount of policy premiums theretofore paid on the Policies by the Bank. Upon such payment, all rights of the Executive hereunder shall cease and be of no
further force or effect; provided, however, the Bank may maintain the Policies in full force and effect by paying the premiums therefor for a period the Bank shall determine, and the Executive shall agree to take any and all actions necessary or
desirable in connection with the continuance of the effectiveness of said Policies. 
 (ii) If the Executive’s employment
with the Bank is terminated by the Bank without cause (as defined in Section 3.g hereof) or by the Executive for Good Reason as defined below, the Executive shall be entitled to receive an amount equal to the sum of the then total cash
surrender value of the Policies, plus an amount equal to such Executive’s aggregate Federal and State income taxes payable by the Executive with respect to such payment (grossed up to reflect the taxes payable on the entire payment) as
estimated by the public accountants utilized by the Bank taking into account the tax rates which will be applied to the amount of such payment for the Executive for the year in which such payment is received; provided, however, the amount of taxable
income of the Executive to which the initial portion of the grossed-up payment will apply shall not exceed the aggregate amount of premiums paid on the Policies by the Bank. Such Benefit shall be paid to the Executive sixty (60) days following
the date his employment with the Bank terminated. Upon the receipt of such payment, this Supplemental Retirement Agreement shall terminate with respect to the Executive. 
 (iii) For the purposes of this Section 3.b., a voluntary termination of employment by the Executive shall be deemed to have been for Good Reason if the Executive’s action results from a material
negative change to his service relationship by the Bank, such as the duties to be performed, the conditions under which such duties are to be performed, or the compensation to be received for performing such services. For the purposes of determining
whether a material negative change has been made, such material negative change shall be deemed to have occurred in the event of any one of the following events: 
 (a) a material diminution in the Executive’s base compensation; 
 (b) a
material diminution in the Executive’s authority, duties, or responsibilities; 
 (c) a material diminution in the
authority, duties, or responsibilities of the supervisor to whom the Executive is required to report; 

  
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 (d) a material diminution in the budget over which the Executive retains authority;

 (e) a change of more than thirty-five (35) miles in the geographic location at which the Executive must perform
services for the Bank; or 
 (f) any other action or inaction of the Bank that constitutes a material breach by the Bank of any
agreement under which the Executive provides services to the Bank. 
 In no event, however, shall a termination of employment for Good Reason
occur unless such termination occurs not later than one (1) year from the date the material negative change becomes effective. Further, however, the Executive must provide notice to the Bank of any such material negative change which would
permit the Executive to terminate his employment for Good Reason, such notice to be given not later than ninety (90) days of the initial existence of the material negative change. The Bank shall have a period of thirty (30) days following
receipt of said notice during which it may remedy the material negative change; and, if it does so remedy said material negative change, the Executive shall not be entitled to terminate his employment for Good Reason. 

c. Termination of Employment At or After Age 55 With Ten (10) or More Years of Service. If the Executive’s employment
with the Bank should terminate for any reason other than for cause (as defined in Section 3.h hereof) or his death at a time when the Executive (i) has attained age 55 and (ii) has completed ten (10) or more Years of Service with
the Bank, the actuarial value of the Supplemental Retirement Benefit computed in the manner set forth on Schedule I hereto shall be determined. The Bank shall then execute such documentation as may be required to transfer the Policies to the
Executive and shall so transfer such Policies. Thereafter the Bank shall have no further rights in the Policies. Transfer of the Policies to the Executive shall occur within sixty (60) days of the date the Executive’s employment with the
Bank terminated. The Bank shall, within sixty (60) days of the transfer of the Policies to the Executive, pay to the Executive (or apply to tax withholdings due to appropriate tax authorities on the Executive’s behalf) in a lump sum an
amount equal to (i) the actuarial value of the Supplemental Retirement Benefit as determined above less (ii) the aggregate cash surrender values of the Policies as of the date the Policies are transferred to the Executive. The Executive
shall cooperate as the Bank and the Insurer may reasonably require to complete such transfer, such payment and any other actions contemplated hereby. Within sixty (60) days of the date the Bank transfers the Policies to the Executive, the Bank
shall also pay to the Executive (or apply to any tax withholdings due to appropriate tax authorities on the Executive’s behalf) an amount equal to the aggregate federal and state income taxes that would be payable by the Executive if the
aggregate amount of premiums paid on the Policies by the Bank were included in gross income for such tax purposes by the Executive for the year in which such payment is received (such payment shall be grossed up to reflect the taxes payable on the
entire amount required to be paid to the Executive pursuant to this sentence) as estimated by the public accountants utilized by the Bank taking into account the tax rate(s) which will be applied to the amount of such payment for the Executive for
the year in which such payment is received. The amount of 

  
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such payment and the tax rate(s) applicable to the Executive shall be determined in good faith. The Executive shall provide such information as such public accountants may request so as to enable
such accountants to determine the amount of the payment. In the event that any tax withholding is required by any governmental taxing authority which is in excess of the amount of the payments described above, the Executive agrees to provide
sufficient funds to meet any such tax withholding requirements to the Bank and the Bank shall utilize such funds solely for the purpose of making such tax withholdings on behalf of the Executive. 

d. Termination by Reason of Disability. If the Executive’s employment with the Bank should terminate by reason of Disability
prior to his attaining both age 55 and completing ten (10) Years of Service with the Bank, the Executive shall be deemed for purposes of this Agreement to have retired upon attaining age 55 and with ten (10) Years of Service with his
Compensation increased by six percent (6%) per calendar year for the years beginning with the year in which he becomes disabled and ending with the year in which he would attain age 55. The provisions of paragraph (c) of this Section shall
apply to the determination of the Executive’s benefit. Upon termination of the Executive’s employment by the Bank as a result of his disability, the Bank shall then execute such documentation as may be required to transfer the Policies to
the Executive and shall so transfer such Policies. The transfer of the Policies to the Executive shall occur no later than sixty (60) days following the date of the Executive’s termination of employment. Thereafter, the Bank shall have no
further rights in the Policies. The Bank shall, within thirty (30) days of the transfer of the Policies to the Executive, pay to the Executive (or apply to tax withholdings due to appropriate tax authorities on the Executive’s behalf) in a
lump sum an amount equal to (i) the actuarial value of the Supplemental Retirement Benefit as determined herein less (ii) the aggregate cash surrender values of the Policies as of the date the Policies are transferred to the Executive. The
Executive shall cooperate with the Bank and the Insurer as each may reasonably require to complete such transfer, such payment and any other actions contemplated hereby. Within sixty (60) days of the date the Bank transfers the Policies to the
Executive, the Bank shall also pay to the Executive (or apply to any tax withholdings due to appropriate tax authorities on the Executive’s behalf) an amount equal to the aggregate federal and state income taxes that would be payable by the
Executive if the aggregate amount of premiums paid on the Policies by the Bank were included in gross income for such tax purposes by the Executive for the year in which such payment is received (such payment shall be grossed up to reflect the taxes
payable on the entire amount required to be paid to the Executive pursuant to this sentence), as estimated by the public accountants utilized by the Bank, taking into account the tax rate(s) which will be applied to the amount of such payment for
the Executive for the year in which such payment is received. The amount of such payment and the tax rate(s) applicable to the Executive shall be determined in good faith. The Executive shall provide such information as such public accountants may
request so as to enable such accountants to determine the amount of the payment. In the event that any tax withholding required by any governmental taxing authority which is in excess of the amount of the payments described above, the Executive
agrees to provide sufficient funds to meet any such tax-withholding requirements to the Bank, and the Bank shall utilize such funds solely for the purpose of making such tax withholdings on behalf of the Executive. 

Disability is defined as a physical or mental impairment that prevents the Executive from performing all or substantially all of the
functions of his position with the Bank. 

  
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At the Bank’s request, the Executive agrees to be examined by a physician selected by the Bank for the purpose of determining the existence of a Disability. The Bank shall pay all costs
incurred with respect to such examination. 
 e. Benefits Not Payable While Executive Employed by the Bank or Prior to the
Time the Executive Incurs a Separation from Service with the Bank. Notwithstanding anything to the contrary, at no time shall any benefits be provided to the Executive pursuant to this Section 3 unless the Executive’s employment with
the Bank has terminated; that is, the Executive shall have no right to receive any benefit under this Section 3 while employed by the Bank. Further, at no time shall any benefits be provided to the Executive or his beneficiary(ies) until such
time as the Executive has incurred a separation from service from the Bank which shall have the same meaning as a separation from service under Section 409A of the Internal Revenue Code, as amended, and any regulations or guidance issued
thereunder by the Internal Revenue Service. 
 f. Discount Rate. For the purpose of actuarially converting the
Supplemental Retirement Benefit of the Executive to a lump-sum payment, the named fiduciary shall utilize the discount rate then utilized by the Savings Banks Employees Retirement Association in connection with the qualified retirement plans then
offered by the Savings Banks Employees Retirement Association to its members. 
 g. Termination for Cause. For the
purposes of Section 3.b.(ii) of this Agreement, termination for cause shall be defined as a termination of the employment of the Executive by the Bank for any one or more of the following reasons: 

(i) Willful and intentional violation of any material state or federal laws, or of the by-laws, rules, policies or resolutions of the
Bank or the rules or regulations of any regulatory agency or governmental authority having jurisdiction over the Bank, which in the reasonable opinion of the Board of Investment of the Bank has or might have a material adverse effect upon the Bank;

 (ii) Conviction of the Executive of a felony involving fraud or dishonesty, or the Executive’s willful and intentional
commission of a fraudulent or dishonest act in connection with his duties to the Bank for which the Bank suffers a material loss; 
 (iii) An intentional failure to carry out material, lawful instructions issued to the Executive by the Board of Investment of the Bank or the President and Chief Executive Officer of the Bank, which
failure, in the reasonable opinion of the Board of Investment of the Bank, causes material loss to the Bank, or which failure is not cured within ten (10) days of receipt of a notice of such failure from the Bank prior to the Bank suffering a
material loss; 
 (iv) Gross neglect of the duties of the Executive to the Bank hereunder, (provided such neglect does not
arise as the result of the physical or mental disability of the Executive), which gross neglect is not cured by the Executive within fifteen (15) days of receipt of a notice of such neglect from the Bank; and 

  
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 (v) The Executive’s willful and intentional disclosure, without authority, of any
secret or confidential information concerning the Bank or any customer of the Bank, or the taking of any action which the Bank’s Board of Investment determines, in its sole discretion and subject to good faith, fair dealing and reasonableness,
constitutes unfair competition with or induces any customer to breach any contract with the Bank. 
 h. Termination for
Cause. For the purposes of Section 3.c. of this Agreement, termination for cause shall be defined as the termination of the employment of the Executive by the Bank as a result of the conviction of the Executive of a felony involving fraud
or dishonesty, or the Executive’s willful and intentional commission of a fraudulent or dishonest act in connection with his duties to the Bank for which the Bank suffers a material loss. 

4. Payment of Premiums. The Bank has paid to the Insurers the premiums required by the Policies to date. On or before each
anniversary date of the Policies, or within any for grace period provided by the Policies, if the Executive is then employed by the Bank, the Bank shall pay to the Insurers additional Policy premiums in such amount as maybe required (if any) with
respect to such Policies. Upon request, the Bank shall promptly furnish the Executive evidence of timely payment of such premiums. Except with the written consent of the Executive, the Bank shall not pay less than the Policy premiums as so
determined, but may, in its discretion at any time and from time to time, subject to the acceptance of such payment by the Insurer, pay more than such premiums or make other premium payments on the Policies. The Bank shall annually furnish the
Executive a statement of the amount of income reportable by the Executive for federal and state income tax purposes, if any, as a result of the insurance protection provided the Executive. 

5. Endorsement Agreement. To provide the Executive with the rights to name a beneficiary or beneficiaries for a portion of the
death benefits under the Policies as provided for in Section 3.a. hereof, the Bank shall execute an endorsement agreement with the Executive. Said endorsement agreement of the Policies hereunder shall not be terminated, altered or amended by
the Bank while this Agreement is in effect. The parties hereto agree to take all actions necessary or desirable to cause such endorsement agreement to conform to the provisions of this Agreement. The Bank agrees to provide to the Executive evidence
that such endorsement agreement has been executed and filed with the Insurers at such reasonable times, as the Executive shall request. Said endorsement agreement may be filed with the Insurers. 

6. Collection of Death Proceeds. 
 a. In the event of the death of the Executive while employed the Bank and the payment to the beneficiary(ies) of any amount to which they may be entitled under the provisions of Section 3.a., this
Agreement any and all rights of the Executive in and to the Policies shall terminate. The Bank shall cooperate with the beneficiary(ies) of the Policies as reasonably required in order to permit the beneficiary(ies) to collect any death benefit
provided to the beneficiary(ies) under the Policies and this Agreement. 
 b. Notwithstanding any provision hereof to the
contrary, in the event that, the cash surrender value of any Policy has been reduced by any withdrawals, failure to pay premiums as required by Section 4 hereof, or borrowings against the Policy by the Bank, the

  
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amount payable to the Executive’s beneficiary(ies) shall be determined as if no such reduction in the cash surrender value of the applicable Policy had occurred. In the event that the cash
surrender value of the Policies have been reduced to a level where the amount that otherwise would have been payable to the beneficiary(ies) of the Executive cannot be paid in full to such beneficiary(ies), the Bank shall pay to the beneficiary(ies)
the difference between what should have been paid to the beneficiary(ies) as a result of the death of the Executive and the amount actually paid by the Insurers. Such amount shall be due in full within 30 days of the date of the payment of any death
benefits by the Insurers to the beneficiary(ies). 
 7. Termination of the Agreement During the Executive’s
Lifetime. This Agreement shall terminate upon the termination of the Executive’s employment; in such event, after compliance with the relevant provisions of Section 3, the Bank shall have no further obligations hereunder. 

8. Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death
benefit to the beneficiary or beneficiaries named in the, Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement, or any modification or amendment hereof. No provision of this
Agreement, nor of any modification or amendment hereof, shall in any way be construed as enlarging, changing, varying, or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions
hereof are made a part of the Policy by the endorsement agreement executed by the Owner and filed with the Insurer in connection herewith. 
 9. Named Fiduciary, Determination of Benefits, Claims Procedure and Administration. 
 a. The Bank is hereby designated as the named fiduciary under this Agreement. The named fiduciary shall have authority to control and manage the operation and administration of this Agreement, and it
shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this Agreement. 
 (i) Claim. 
 A person who believes that he or she is being denied a benefit
to which he or she is entitled under this Agreement (hereinafter referred to as a “Claimant”) may file a written request for such benefit with the Bank, setting forth his or her claim. The request must be addressed to the President of the
Bank at the Bank’s then principal place of business. 
 (ii) Claim Decision. 

Upon receipt of a claim, the Bank shall advise the Claimant that a reply will be forthcoming within ninety (90) days and shall, in
fact, deliver such reply within such period. The Bank may, however, extend the reply period for an additional ninety (90) days for reasonable cause. 
 If the claim is denied, in whole or in part, the Bank shall adopt a written opinion, using language calculated to be understood by the Claimant, setting forth: (i) the specific reason or

  
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reasons for such denial; (ii) the specific reference to pertinent provisions of this Agreement on which such denial is based; (iii) a description of any additional material or
information necessary for the Claimant to perfect his or her claim and an explanation why such material or such information is necessary; (iv) appropriate information as to the steps to be taken if the Claimant wishes to submit the claim for
review; and (v) the time limits for requesting a review under subsection (3) and for review under subsection (4) hereof. 
 (iii) Request for Review. 
 Within sixty (60) days after the receipt
by the Claimant of the written opinion described above, the Claimant may request in writing that the Board of Investment of the Bank review the determination of the Bank. Such request must be addressed to the Board of Investment of the Bank, at the
Bank’s principal place of business. The Claimant or his or her duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Board. If the Claimant does not
request a review of the Bank’s determination by the Board of Investment of the Bank within such sixty (60) day period, he or she shall be barred and estopped from challenging the Bank’s, determination. 

(iv) Review of Decision. 
 Within sixty (60) days after the Board of Investment’s receipt of a request for review, the Board of Investment of the Bank will review the Bank’s determination. After considering all
materials presented by the Claimant, the Board of Investment will render a written opinion, written in a manner calculated to be understood by the Claimant, setting forth the specific reasons for the decision and containing specific references to
the pertinent provisions of this Agreement on which the decision is based. If special circumstances require that the sixty (60) day time period be extended, the Board of Investment will so notify the Claimant and will render the decision as
soon as possible, but no later than one hundred twenty (120) days after receipt of the request for review. 
 10.
Amendment. This Agreement may not be amended, altered or modified, except by a written instrument signed by the parties: hereto, or their respective successors or assigns, and may not be otherwise terminated except as provided herein.

 This Agreement amends the Supplemental Retirement Agreement entered into by and between the Bank and the Executive dated
December 1, 1994, as thereafter amended in its entirety by an Agreement dated December 23, 2003, which was thereafter amended on February 11, 2004 and February 21, 2007 and restated April 9, 2008. All provisions of the prior
Agreement, as previously amended, shall, except to the extent expressly set forth herein, be of no further force or effect. 

11. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Bank and its successors and assigns, and
the Executive, the beneficiary(ies), and their respective successor, assigns, heirs, executors, administrators and beneficiaries. 

  
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 12. Notice. Any notice, consent or demand required or permitted to be given under the
provisions of this Agreement shall be in writing, and shall be signed by the party giving or making the same. If such notice, consent or demand is mailed to a party hereto, it shall be sent by United States certified mail, postage prepaid, addressed
to such party’s last known address as shown on the records of the Bank. The date of such mailing shall be deemed the date of notice, consent or demand. 
 13. Governing Law. This Agreement, and the rights of the parties hereunder, shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts. 

14. Successors and Assigns of the Bank; No Claim to Bank Assets; Top-Hat Plan. 

a. The Bank shall require any successor to the business and/or assets of the Bank in connection with any merger or other acquisition of
the business of the Bank to assume and agree to perform the Bank’s obligations under this Supplemental Retirement Agreement in writing. 
 b. The Executive shall rely solely on the unsecured promises of the Bank as set forth herein to furnish benefits. Nothing in this Agreement shall give, or be construed to give, the Executive any right,
title, interest or claim in or to any specific asset, fund, reserve, account, or property of any kind whatsoever owned by the Bank or in which it may have any right, title, or interest now or in the future; but the Executive shall have the right to
enforce such rights to the same extent and to the same manner as any other unsecured creditors of the Bank. 
 c. The provisions
of this Agreement shall be deemed to constitute a separate “top-hat” plan as described in Sections 201(2) and 301(a)(3) of the Employee Retirement Income Security Act of 1974, as amended. 

d. Any payment made to the Executive or beneficiary pursuant to this Agreement is subject to and conditioned upon its compliance with 12
U.S.C. Section 1828(k), any regulation promulgated thereunder, or any other applicable banking statute, regulation or order. 
 15. Payment to Specified Employee. In the event that a payment becomes due hereunder to the Executive who, at the time his employment with the Bank terminates is a Specified Employee (meaning a key
employee as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Bank when any stock of the Bank is publicly traded on an established securities market or otherwise, such payment may not be made earlier than six
(6) months after the date that his employment terminates. In the event that this Section 15 is applicable to the Executive, any distribution which would otherwise be paid to him within the first six (6) months following the
termination of his employment shall be accumulated and paid to the Executive in a lump sum on the first day of the seventh full calendar month following the termination of his employment. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement, in duplicate as of the day and year
first above written. 
  

					
	Witness:	    	BELMONT SAVINGS BANK
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ Robert J. Morrissey

		    		 	Robert J. Morrissey
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ S. Warren Farrell

		    		 	S. Warren Farrell
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ John P. Driscoll, Jr.

		    		 	John P. Driscoll, Jr.
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ John A. Whittemore

		    		 	John A. Whittemore
		
	 /s/ Francine Amana Eckley
	    	 /s/ John A. Citrano

		    	John A. Citrano
		    	Executive

  
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 John A. Citrano 
 EXHIBIT A 
 To 

Supplemental Retirement Agreement 
 By and Between Belmont Savings Bank and John A. Citrano 
 Schedule I

 Retirement Benefit 
 For the purposes of this Agreement, Applicable Percentage shall be determined based on the Retirement Age (determined as of the last birthday of the Executive prior to his retirement from the Savings
Bank) and the Applicable Percentage set forth in the following table: 
  

					
	 Retirement Age
	  	Applicable
Percentage	 
	 55
	  	 	37	% 
	 56
	  	 	38	% 
	 57
	  	 	40	% 
	 58
	  	 	41	% 
	 59
	  	 	42	% 
	 60
	  	 	43	% 
	 61
	  	 	44	% 
	 62
	  	 	46	% 
	 63
	  	 	48	% 
	 64
	  	 	49	% 
	 65
	  	 	51	% 

 In the event that the Executive becomes
disabled as defined in Section 3.d. of this Agreement prior to attaining age 55, the Applicable Percentage shall be that set forth above for retirement at age 55 and his Compensation shall be increased as provided for in Section 3.d. of
the Supplemental Retirement Agreement. 
 Average Compensation means the average of the Executive’s highest three
consecutive Plan Years of Compensation prior to his termination of employment. 

 Compensation means the annual rate of salary for the Executive as approved by the
Board of Trustees of the Bank, plus any bonuses paid to the Executive for the applicable year (including, without limitation, the Executive’s share of the profit sharing pool for such year), without reducing the aggregate of said amounts by the
amount of such salary and/or bonuses which are not paid to the Executive for such year as a result of a salary reduction agreement between the Executive and the Bank pursuant to any benefit plan which the Bank maintains, including its deferred
compensation agreement with the Executive, any tax qualified plan maintained under Section 401 (k) of the Internal Revenue Code, any Cafeteria Plan maintained pursuant to Section 125 of the Internal Revenue Code and the like.

 Plan Year means the 12-month period ending on any December 31. 

Years of Service shall be determined utilizing the 12-month period ending on each December 31 in which the Executive attains
at least 1,000 hours of service for the Savings Bank utilizing the definition of an Hour of Service set forth in Section 410(a)(3)(C) of the Internal Revenue Code of 1986, as amended. 

Calculation of Retirement Benefit for the purposes of Section 3.c of this Agreement, the Supplemental Retirement Benefit
shall be equal to the Actuarial Equivalent of a 20-year certain and continuous annuity, payable monthly commencing on the first business day of the month following the Executive’s termination of employment in an annual amount equal to the
Applicable Percentage of the Executive’s Average Compensation as defined above. 

 EXHIBIT B 
 BELMONT SAVINGS BANK 
 ENDORSEMENT AGREEMENT 

 

			
	INSURED:	 	John A. Citrano
		
	POLICY:	 	 John Hancock Life Insurance Company
 Policy No. FV 3234372

		
	OWNER:	 	Belmont Savings Bank
		
	BENEFICIARY:	 	Part A: Belmont Savings Bank
		
		 	 There will be paid over to the Belmont Savings Bank, in cash, in a single lump sum, an amount equal to the greater of (a) the premiums paid on the
Policy by the Bank or (b) the cash surrender value of the Policy as determined immediately prior to the death of the Insured.

		
		 	Part B: Beneficiary(ies) Named By the Insured
		
		 	 The balance of the total death proceeds will be paid over to the Beneficiary(ies) named by the Insured.

		
	REMARKS:	 	Subject to Supplemental Retirement Agreement between the Insured and Belmont Savings Bank. This Endorsement Agreement may be filed with the Insurer.

 The parties hereto have duly executed this Agreement as a document under seal as of the date
and year first written above. 
  

					
		    		 	BANK:
			
	WITNESS	    		 	BELMONT SAVINGS BANK
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ Robert J. Morrissey

		    		 	Robert J. Morrissey
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ S. Warren Farrell

		    		 	S. Warren Farrell
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ John P. Driscoll, Jr. 

		    		 	John P. Driscoll, Jr.
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ John A. Whittemore

		    		 	John A. Whittemore
			
	 /s/ Francine Amana Eckley
	    		 	 /s/ John A. Citrano

		    		 	 John A. Citrano

Executive

 EXHIBIT B 
 BELMONT SAVINGS BANK 
 ENDORSEMENT AGREEMENT 

 

			
	INSURED:	 	John A. Citrano
		
	POLICY:	 	 New York Life Insurance Company
 Policy No. 56022619

		
	OWNER:	 	Belmont Savings Bank
		
	BENEFICIARY:	 	 Part A: Belmont Savings Bank
  

There will be paid over to the Belmont Savings Bank, in cash, in a single lump sum, an amount equal to the greater of (a) the premiums
paid on the Policy by the Bank or (b) the cash surrender value of the Policy as determined immediately prior to the death of the Insured.
  

Part B: Beneficiary(ies) Named By the Insured

		
		 	 The balance of the total death proceeds will be paid over to the Beneficiary(ies) named by the Insured.

		
	REMARKS:	 	Subject to Supplemental Retirement Agreement between the Insured and Belmont Savings Bank. This Endorsement Agreement may be filed with the Insurer.

 The parties hereto have duly executed this Agreement as a document under seal as of the date
and year first written above. 
  

					
		    		 	BANK:
			
	WITNESS:	    		 	BELMONT SAVINGS BANK
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ Robert J. Morrissey

		    		 	Robert J. Morrissey
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ S. Warren Farrell

		    		 	S. Warren Farrell
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ John P. Driscoll, Jr.

		    		 	John P. Driscoll, Jr.
			
	 /s/ Francine Amana Eckley
	    	By:	 	 /s/ John A. Whittemore

		    		 	John A. Whittemore
			
	 /s/ Francine Amana Eckley
	    		 	 /s/ John A. Citrano

		    		 	John A. Citrano
		    		 	ExecutiveExhibit 10.10

 Exhibit 10.10 
 BELMONT SAVINGS BANK 
 Two Leonard Street 

Belmont, Massachusetts 02478-2511 
 DEFERRED COMPENSATION AGREEMENT 
 AGREEMENT made and entered into as
of this 21st day of December, 2006, by and between Belmont Savings Bank, a Massachusetts savings bank corporation organized under Massachusetts General Laws, Chapter 168, with its principal office and place of business at Two Leonard Street,
Belmont, Massachusetts (hereinafter referred to as the “Bank”) and John A. Borelli, an individual who is currently serving as a Trustee of the Bank (hereinafter referred to as the “Trustee”). 

WITNESSETH THAT: 

WHEREAS, the Trustee serves as a Trustee of the Bank and provides services of a unique and valuable nature to the Bank, which
services benefit the Bank and its customers; and 
 WHEREAS, the Bank recognizes the valuable and unique services
heretofore performed for it by the Trustee and wishes to encourage his/her continued service as a Trustee; and 

WHEREAS, the Trustee has expressed his/her need and desire for deferred compensation from the Bank for the purpose of providing
security to him/her and his/her family as a condition to his/her continued service with the Bank; and 
 WHEREAS, the
parties hereto have agreed upon the terms and conditions set forth in this Agreement pursuant to which the Bank shall pay deferred compensation to the Trustee or his/her beneficiary, as applicable, following his/her death or the termination of
his/her service as a Trustee, if earlier; 
 NOW, THEREFORE, in consideration of the promises hereinafter set forth, the
parties hereto mutually covenant and agree as follows: 
 1. The Trustee may elect to defer some or all of his/her Trustee fees
which would otherwise be payable to him/her by the Bank; provided, however, the minimum amount of the deferrals elected for any one year shall be $5,000. Such deferral shall be in writing and on forms provided by the Bank or reasonably acceptable to
the Bank and shall be delivered to the Plan Administrator (the Plan Administrator shall be the Board of Investment of the Bank). Such deferral election shall be made prior to the beginning of each calendar year. Any such election shall be effective
for the calendar year to which it relates and all subsequent calendar years unless revoked or altered by the Trustee prior to 

 
the commencement of such subsequent calendar year. Once a calendar year has commenced, any election to alter or terminate the deferral of base salary shall not be effective until the beginning of
the next calendar year. 
 2. Amounts so deferred pursuant to Section 1 and earnings thereon shall be credited to a
deferred compensation account for the Trustee. Thereafter, the deferred compensation account of the Trustee shall be credited with interest monthly utilizing the monthly average yield on United States Treasury Securities adjusted to a constant
maturity of five years as most recently published by the Federal Reserve Board prior to December 31st in each year. Interest shall be calculated during the following calendar year based upon the rate determined as of the prior
December 31st utilizing the formula set forth in the immediately preceding sentence and shall be calculated on a daily basis, and compounded and credited monthly. 
 3. In consideration of the Trustee’s agreement to defer Trustee fees and remain in the service of the Bank, the Bank agrees to pay to the Trustee (or his/her beneficiary, if applicable) deferred
compensation in the amount determined in Section 6 below for a period of 5 years from and after the date that the Trustee’s service as a Trustee terminates (his/her “termination date”) with such deferred compensation to be
payable as set forth in Section 6 hereof commencing on the first day of the calendar month following the month in which the Trustee’s termination date occurs. 
 4. The Bank further agrees that, in the event of the Trustee’s death prior to the completion of said 5-year period while receiving payments pursuant to Section 3 hereof, the Bank shall continue
to make the remainder of said payments to the Trustee’s then living designated beneficiary, if any; if no living designated beneficiary survives the Trustee, then to the Trustee’s surviving spouse, if any; if the Trustee has no spouse at
the time of his/her death, then to the issue of the Trustee, if any, by right of representation; and if there are no such living issue, then to the Estate of the Trustee with such payments to continue during the remainder of said 5-year payout
period. 
 5. In further consideration of the Trustee’s deferring Trustee fees and remaining in its service as a Trustee,
the Bank also agrees that, in the event of the death of the Trustee while still in the active service of the Bank, the Bank shall pay deferred compensation in the amount determined in Section 6 below to the then living designated beneficiary of
the Trustee (if no living designated beneficiary survives the Trustee, then to the Trustee’s surviving spouse, if any; if the Trustee has no spouse at the time of his/her death, then to the issue of the Trustee, if any, by right of
representation; and if there are no such living issue, then to the Estate of the Trustee) for a period of 5 years from and after the date of the Trustee’s death, which deferred compensation shall be payable as set forth in Section 6 hereof
commencing with the first day of the calendar month following the month in which the Trustee’s death occurs. 
 6. The
aggregate amount of deferred compensation to be payable to the Trustee or his/her beneficiary(ies) as set forth above shall be his/her deferred compensation account balance adjusted as follows: 

(a) The aggregate amount in his/her deferred compensation account shall be paid to the Trustee or his/her beneficiary(ies), as
applicable, upon the Trustee’s termination date or death in 60 consecutive monthly payments, subject to adjustment as set forth in Section 6(b) and Section 6(c) hereof utilizing the payment schedule set forth in Sections 3, 4 or 5
hereof, whichever is applicable, and subject to the provisions of Section 6(d) hereof. 

  
 -2-

 (b) The Bank shall pay interest on the balance in the Trustee’s deferred compensation
account with such interest to be calculated as set forth in Section 2 hereof. The monthly amount to be paid to the Trustee or his/her beneficiary, as applicable, shall be adjusted on each January 1 on a direct amortization basis utilizing
the most recently determined interest rate and the remaining amount to be paid pursuant to Section 6(a) above. 
 (c) The
monthly payments shall be subject to withholding taxes and the like to the extent required by then applicable law. 
 7. Nothing
contained in this Agreement, and no action taken pursuant to its provisions by either party hereto shall create, or be construed to create, a trust of any kind, or a fiduciary relationship between the Bank and the Trustee, his/her designated
beneficiary, other beneficiaries of the Trustee, or any other person. The payments to the Trustee or any beneficiary hereunder shall be made from assets which shall continue, for all purposes, to be part of the general assets of the Bank, and no
person, other than the Bank, shall have, by virtue of the provisions of this Agreement, any interest in such assets. To the extent that any person acquires a right to receive payments from the Bank under the provisions hereof, such right shall be no
greater than the right of any unsecured general creditor of the Bank. In the event that, in its sole discretion, the Bank purchases an insurance policy or policies insuring the life of the Trustee to fund, in whole or in part, its obligations
hereunder, the Trustee and any beneficiary of the Trustee shall have no rights whatsoever therein; the Bank shall be the sole owner and beneficiary thereof and shall possess and may exercise all incidents of ownership therein. 

8. The Board of Investment of the Bank shall have full power and authority to interpret, construe and administer this Agreement. The
interpretation and construction of this Agreement by the Board of Investment of the Bank, and any action taken thereunder, shall be binding and conclusive upon all parties in interest. No member of the Board of Investment shall, in any event, vote
upon or take any action in connection with this Agreement if he/she is the Trustee under this or any similar Agreement. No member of the Board of Investment shall, in any event, be liable to any person for any action taken or omitted to be taken in
connection with the interpretation, construction or administration of this Agreement, so long as such action or omission to act is made in good faith. 
 9. Neither the Trustee, his/her spouse, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate or otherwise encumber any part or all of
the amounts payable hereunder, nor shall such amounts be subject to seizure by any creditor of such Trustee or beneficiary, by a 

  
 -3-

 
proceeding at law or in equity, and no such benefit shall be transferable by operation of law in the event of bankruptcy, insolvency or death of the Trustee, his spouse or any other beneficiary
hereunder. Any such attempt at assignment or transfer shall be void and shall terminate this Agreement, and the Bank shall thereupon have no further liability hereunder. 
 10. The Board of Investment of the Bank is hereby designated as the named fiduciary under this Agreement. The named fiduciary shall have authority to control and manage the operation and administration of
this Agreement, and it shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this Agreement. The Board of Investment shall make all determinations as to rights to benefits under this
Agreement, any decision by the Board of Investment denying a claim by the Trustee or his beneficiary for benefits under this Agreement shall be stated in writing and delivered or mailed to the Trustee or such beneficiary. Such decision shall set
forth the specific reasons for the denial, written to the best of the Board’s ability in a manner that may be understood without legal or actuarial counsel. In addition, the Board shall afford a reasonable opportunity to the Trustee or such
beneficiary for a full and fair review of the decision denying such claim. 
 11. Any reference to the Trustee’s
beneficiary herein shall mean any beneficiary or beneficiaries entitled to payments hereunder with the singular to be treated as the plural where applicable in the event that there is more than one beneficiary entitled to payments with respect to
the Trustee. 
 12. This Agreement may not be amended, altered, modified or terminated, except by a written instrument signed by
the parties hereto, or their respective successors or permitted assigns, and may not be otherwise terminated except as provided herein or as required by an applicable law or order of any regulatory agency having authority over the Bank.
Notwithstanding the foregoing, the Bank may, upon giving written notice to the Trustee, terminate the Trustee’s right to defer Trustee fees hereunder at any time. 
 13. This Agreement shall be binding upon and inure to the benefit of the Bank and its successors and assigns, and the Trustee, his/her successors, permitted assigns, heirs, executors, administrators and
beneficiaries. 
 14. Any notice, consent or demand required or permitted to be given under the provisions of this Agreement
shall be in writing, and shall be signed by the party giving or making the same. If such notice, consent or demand is mailed to a party hereto, it shall be sent by United States certified mail, postage prepaid, return receipt requested, addressed to
such party’s last known address as shown on the records of the Bank or, in the case of a notice sent to the Bank, to its principal office at Two Leonard Street, Belmont, Massachusetts 02178-2511, c/o Chairman of the Board. 

15. This Agreement, and the rights of the parties hereunder, shall be governed by and construed in accordance with the laws of the
Commonwealth of Massachusetts and shall be deemed to be under seal. 

  
 -4-

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement, in duplicate, as
of the day and year first above written. 
  

					
	ATTEST:	    	BELMONT SAVINGS BANK
			
	 /s/ Raymond F. Shea
	    	By:	 	 /s/ John A. Citrano, Senior Vice President

	Clerk/Secretary	    		 	Title
		
		    	 /s/ John A. Borelli

		    	Trustee

  
 -5-

 BELMONT SAVINGS BANK 

DEFERRED COMPENSATION AGREEMENT DEFERRAL FORM 
 BENEFICIARY DESIGNATION 
 I, John A. Borelli , a Trustee of Belmont Savings Bank
(“Bank”) who maintains a Deferred Compensation Agreement (“Agreement”) with said Bank hereby make the following election: 
 Compensation Reduction 
 Pursuant to the terms of my Deferred Compensation Agreement
with the Bank, I hereby elect to defer either 100 percent of $                     of my Trustee fees, effective January 1, 2007.

 I recognize that my election to defer shall be effective for the calendar year set forth in the immediately preceding paragraph and all
calendar years thereafter until I amend of revoke the election. I recognize that any such amendment or revocation can only be effective as of the beginning of the calendar year following my delivery of such amendment or revocation to the Board of
Investment of the Bank. 
 Designation of Beneficiary 
 I recognize that in the event of my death after deferred compensation payments have begun to be paid to me, that the remainder of said deferred compensation payments shall be made to my beneficiary (ies)
as stated below or as determined pursuant to the terms of the Agreement. I further recognize that in the event of my death while actively serving as a Trustee of the Bank, my deferred compensation payments will be made to said beneficiary (ies). I
hereby designate as my beneficiary (ies) the following: 
  

	 	1.	Primary Beneficiary(ies) Alison Borelli (spouse) 

  

	 	2.	Contingent Beneficiary if Primary Beneficiary (ies) is not alive on the date that a payment is due under the Agreement: Children Tina, Vincent, John Jr., Nicholas
Borelli 

  

			
		    	Signed this 21st day of December, in the year 2006.
		
		    	 /s/ John A. Borelli

		
	 /s/ John A. Citrano
	    	
	Witness	    	

 BELMONT SAVINGS BANK 

Two Leonard Street 
 Belmont, Massachusetts 02478-2511 
 FIRST AMENDMENT TO DEFERRED
COMPENSATION AGREEMENT 
 This FIRST AMENDMENT TO DEFERRED COMPENSATION AGREEMENT is made and entered into as of this 18
day, of December, 2008, by and between Belmont Savings Bank, a Massachusetts savings bank organized under Massachusetts General Laws, Chapter 168, with its principal office and place of business at Two Leonard Street, Belmont, Massachusetts
(“Bank”) and John A. Borelli, an individual who serves the Bank as a Trustee (“Trustee”). 
 WITNESSETH
THAT: 
 WHEREAS, the Bank and the Trustee entered into a Deferred Compensation Agreement dated December 21, 2006,
(“Agreement”); and 
 WHEREAS, the Bank and the Trustee wish to amend the Agreement as hereinafter set forth;

 NOW, THEREFORE, in consideration of the promises hereinafter set forth, the parties hereto mutually covenant and agree that
the Agreement shall be amended as follows: 
 1. Section 2 of the Agreement is hereby deleted in its entirety and the
following substituted therefor: 
 “2. Amounts so deferred pursuant to Section 1 and earnings thereon shall be credited
to a deferred compensation account for the Trustee. Thereafter, the deferred compensation account of the Trustee shall be credited with interest monthly utilizing the Savings Bank Employee Retirement Association Discount Rate as most recently set by
the Savings Bank Employee Retirement Association prior to December 31st in each year; provided that interest that accrues prior to December 31, 2008 shall accrue at a rate equal to the monthly average yield on United States Treasury Securities
adjusted to a constant maturity of five years as most recently published by the Federal Reserve Board prior to December 31st in each year. Interest shall be calculated during the following calendar year based upon the rate determined as of the
prior December 31st utilizing the formula set forth in the immediately preceding sentence and shall be calculated on a daily basis, and compounded and credited monthly.” 

2. All other provisions of the Agreement shall remain in full force and effect. 

 IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to Deferred
Compensation Agreement, in duplicate, as of the day and year first above written. 
  

					
	ATTEST:	    	BELMONT SAVINGS BANK
			
	 /s/ Patricia W. Hawkins
	    	By:	 	 /s/ John A. Citrano, CFO

	Clerk/Secretary	    	Title
		
		    	 /s/ John A. Borelli

		    	Trustee

  
 - 2 -

 BELMONT SAVINGS BANK 

Two Leonard Street 
 Belmont, Massachusetts 02478-2511 
 SECOND AMENDMENT TO DEFERRED
COMPENSATION AGREEMENT 
 This SECOND AMENDMENT TO DEFERRED COMPENSATION AGREEMENT is made and entered into as of this 16
day of December, 2010, by and between Belmont Savings Bank, a Massachusetts stock savings bank subsidiary of BSB Bancorp MHC, with its principal office and place of business at Two Leonard Street, Belmont, Massachusetts (the “Bank”) and
John A. Borelli, an individual who serves the Bank as a Director (the “Director”). 
 WITNESSETH THAT:

 WHEREAS, the Bank and the Director entered into a Deferred Compensation Agreement dated
                     (the “Agreement”); and 
 WHEREAS, the Bank and the Director wish to amend the Agreement as hereinafter set forth; 
 NOW, THEREFORE, in consideration of the promises hereinafter set forth, the parties hereto mutually covenant and agree that the Agreement shall be amended as follows: 

1. The phrase “a Massachusetts savings bank corporation organized under Massachusetts General Laws, Chapter 168,” in the
introductory paragraph is hereby deleted and replaced with the following “a Massachusetts stock savings bank subsidiary of BSB Bancorp MHC”. 
 2. Section 2 of the Agreement is hereby deleted in its entirety and the following substituted therefor: 
 “2. Amounts so deferred pursuant to Section 1 and earnings thereon shall be credited to a deferred compensation account for the Director. Thereafter, the deferred compensation account of the
Director shall be credited with interest monthly utilizing the Five (5) Year Certificate of Deposit Yield as published in the Wall Street Journal (hereinafter referred to as the “Wall Street Journal Yield”). If the Wall Street Journal
Yield is not available, the Board of Directors of the Bank may calculate the rate of interest to be credited to the deferred compensation account of the Director based upon such other average Certificate of Deposit Yield or other method the Board of
Directors of the Bank determines in its discretion. Interest shall be calculated during the following calendar year based upon the rate determined as of the prior December 31st utilizing the formula set forth in the immediately preceding
sentence and shall be calculated on a daily basis, and compounded and credited monthly.” 

 3. The term “Trustee” in each place where it appears is hereby replaced with the
term “Director”. 
 4. All other provisions of the Agreement shall remain in full force and effect. 

IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to Deferred Compensation Agreement, in duplicate, as of the
day and year first above written. 
  

					
	ATTEST:	    	BELMONT SAVINGS BANK
			
	 /s/ Patricia W. Hawkins
	    	By:	 	 /s/ John A. Borelli

	Clerk/Secretary	    	Title	 	
		
		    	 John A. Borelli

		    	Director
			
		    	By:	 	 /s/ Robert M. Mahoney

		    	Title	 	

  
 - 2 -

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