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RETENTION AGREEMENT
THIS RETENTION AGREEMENT (“Agreement”) is made and entered into between Michael F. Marino (“Executive”) and  OptiNose US, Inc. (OptiNose US”), a Delaware corporation and wholly-owned subsidiary of OptiNose, Inc. (the “Parent” and, together with OptiNose US, the “Company”) (all together, the “Parties”), effective as of the date last executed below (the “Effective Date”).
WHEREAS, Executive is currently serving as the Company’s Chief Legal Officer & Corporate Secretary; and
WHEREAS, the Company is offering Executive the opportunity to earn a Retention Bonus subject to Executive’s satisfaction of the terms and conditions stated herein; and 
NOW, THEREFORE, intending to be legally bound, in consideration of the mutual commitments set forth in this Retention Agreement, the Parties agree as follows:
1.Retention Bonus; Earning and Payment.
            (a)        Provided Executive remain employed with OptiNose US until January 15, 2023 (the “Retention Period”), Executive will earn and be paid a Retention Bonus in the total gross amount of $100,000.00, less all applicable income and employment taxes (the “Retention Bonus”). 
            (b)        Executive understands and agrees that if he voluntarily resigns from his employment with the Company without Good Reason or if his employment is terminated by the Company for Cause on or before the last day of the Retention Period, he will not be entitled to earn and be paid the Retention Bonus.  
            (c)        If Executive satisfies the conditions above and earns the Retention Bonus, the Retention Bonus will be paid to Executive on the first practicable payday occurring after January 15, 2023, less applicable income and employment taxes.  
            (d)        Executive understands and the Company agrees that, should Executive’s employment be terminated by the Company without Cause or by Executive for Good Reason before the last day of the Retention Period, the Company shall accelerate and pay the Retention Bonus, on the first practicable payday after Executive’s employment termination date.
1.Definitions.
            For purposes of this Agreement, the following terms shall have the following meanings:
            “Cause” means: (i) Executive’s breach of any fiduciary duty or material legal or contractual obligation to the Company or any of its affiliates (including, without limitation, pursuant to a Company or affiliate policy or restrictive covenants agreements between Executive and the Company or any of its affiliates), (ii) Executive’s failure to follow the reasonable instructions of the Chief Executive Officer or the Board (other than as a result of total or partial incapacity due to physical or mental illness), which failure, if curable, is not cured within thirty (30) days after notice to Executive specifying in reasonable detail the nature of such breach, or, if cured, recurs within ninety (90) business days, (iii) Executive’s gross negligence, willful misconduct, fraud, insubordination, acts of dishonesty or conflict of interest relating to the Company or any of its affiliates, or (iv) Executive’s commission of any misdemeanor which has a material impact on the affairs, business or reputation of the Company or any of its affiliates or Executive’s indictment for, or plea of nolo  contendere to, a crime constituting a felony under the laws of the United States or any state thereof.    
            “Good Reason” means: (i) a material diminution in Executive’s then position or duties, authority or responsibilities including, without limitation, Executive ceasing to be an “executive officer” (as defined under Rule 3b-7 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of a company with a class of securities registered under Section 12(b) of the 

Exchange Act; (ii) the assignment to Executive of any duties materially inconsistent with the duties and responsibilities of Chief Legal Officer and Corporate Secretary, (iii) a reduction by the Company in Executive’s then-current base salary or Executive’s then-current Target Annual Bonus unless the salaries and target annual bonuses for all other senior executive officers are correspondingly and proportionately reduced by not greater than 15% and such reduction continues for no more than twelve (12) months; or (iv) Executive’s relocation to offices of the Company that are more than fifty (50) miles from the Company’s offices in Yardley, Pennsylvania.  In order to invoke a termination for Good Reason, Executive must deliver a written notice of the grounds for such termination within thirty (30) days of the initial existence of the event giving rise to Good Reason and the Company shall have thirty (30) days to cure the circumstances.  In order to terminate Executive’s employment, if at all, for Good Reason, Executive must terminate employment within sixty (60) days following the end of the cure period if the circumstances giving rise to Good Reason have not been cured.  
1.At-Will Employment.
            Executive understands and agrees that nothing in this Agreement is intended to change the at-will nature of his employment with the Company and that both he and the Company have and retain the right to terminate his employment relationship at any time and for any reason with or without Cause, Good Reason or notice.  
1.Assignment.
            This Agreement is subject to Executive’s personal services and may not be assigned by Executive.  The Company may freely assign its rights and obligations hereunder, with or without notice to or consent by Executive.
1.Compliance with IRS Code Section 409A.
            This Agreement and the payment hereunder is intended to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder (collectively “Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be exempt from Section 409A. Notwithstanding the foregoing, the Company makes no representation with respect to compliance with Section 409A and shall not be liable to Executive for any taxes or penalties under Section 409A.
1.   Execution; Counterparts.
            This Agreement may be executed in two (2) counterparts, and by the different Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement electronically (including portable document format (pdf.)) or by facsimile shall be as effective as delivery of a manually executed counterpart of this Agreement.
1.   Amendment.
            This Retention Agreement may be modified, altered or terminated only by an express written agreement between the Company and Executive, which agreement must be signed by Executive and a duly authorized representative of the Company, and expressly reference and attach a copy of this Retention Agreement to be effective.  
1.   Governing Law; Jurisdiction; Venue.
            This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania, without consideration of any conflicts of law.  Any dispute concerning this Agreement shall be brought in, and both Executive and the Company consent to the personal jurisdiction of, the federal and state courts of Pennsylvania, to the extent that subject matter jurisdiction exists. 
1.   Entire Agreement; Other Agreements.
            This Agreement sets forth the entire understanding Executive and the Company have regarding the subject matter hereof, and supersedes all prior agreements, understandings and 

inducements, whether express or implied, oral or written, except this Agreement does not modify, amend or supersede any non-competition, non-solicitation, confidentiality or other restrictive covenant agreement or provision that Executive previously entered at any time with the Company, which terms Executive hereby reaffirms in consideration of his eligibility for the Retention Bonus.   
IN WITNESS WHEREOF, intending to be forever legally bound hereby, the Parties have executed this Retention Agreement, being three (3) pages in total length.

Dated:  March 7, 2022                          /s/ Michael F. Marino
                                                            Michael F. Marino
                                                            OptiNose US, Inc.

Dated: March 7, 2022                          By: /s/ Karen E. Brophy
                                                            Karen E. Brophy
                                                            Chief Human Resources OfficerEXHIBIT 10.11

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    The York Water Company

    

    

    Amended and Restated

    

    

    “Supplemental Retirement Plan”

    

    

    (Effective January 1, 2009)

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        

        

      

      
        

    

    

    

    

    

    

    

    AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT PLAN

    

    

    

    

    THIS SUPPLEMENTAL RETIREMENT PLAN is an agreement (the “Agreement”)
      made as of this _______ day of _______________, 20___, by and between THE YORK WATER COMPANY, a Pennsylvania corporation with its principal business office located at 130 East Market Street, York, Pennsylvania (hereinafter called “Employer”) and ___________________ (hereinafter called “Employee”):

    WITNESSETH:

    WHEREAS, Employer wishes to encourage Employee's continued employment, and Employee is willing to undertake such employment, subject to
      receipt of deferred compensation upon the terms hereinafter set forth.

    WHEREAS, Employer desires to amend and restate the Supplemental Retirement Plan to comply with the requirements of Section 409A of the Code (as defined below).

    NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, do hereby mutually agree as follows:

    1. Employment.  Employer hereby engages Employee upon the terms and conditions as
        hereinafter provided.

    2. Term.  This Agreement shall continue in full force and effect until the earlier of (i)
        Employee's Separation from Service (as defined below) prior to attaining age 55, or (ii) payment to Employee or Beneficiary, as applicable, of all benefits to which Employee shall become entitled hereunder.

    3. Duties.  From and after the date hereof, Employee shall serve Employer in Employer's
        business in such capacity or capacities as may from time to time be determined by the President or Board of Directors of Employer (the “Board”).  During the
        period of active, full-time employment hereunder, Employee shall:

    (a) devote his full time and best efforts to the business and affairs of Employer (allowing a reasonable time for vacation);

    (b) perform such services, not unreasonable or inconsistent with Employee's position, education, training or background, as may be designated by the President or Board at any time
        and from time to time;

    (c) use his best efforts to promote the business of Employer; and

    (d) hold such office or directorship in Employer, to which Employee may from time to time be elected or appointed, without further compensation other than that for which provision
        is made in this Agreement.

    4. Compensation.  During the period of Employee's employment hereunder, Employer agrees
        to pay Employee for his services such a salary as may from time to time be mutually agreed between Employer and Employee.

    5. Definitions.  The following definitions are applicable to the benefits payable
        hereunder:

    (a) Beneficiary shall mean one or more persons, trusts, estates or other entities that are
        entitled to receive benefits under this Agreement upon the death of Employee as may have theretofore been designated in writing by Employee on forms provided by Employer and containing Employer's acknowledgment or acceptance thereof.

    (b) Code shall mean the Internal Revenue Code of 1986, as amended, and the regulations
        issued thereunder.

    (c) Disability Retirement shall mean a condition of Employee whereby he or she either: (i)
        is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12)
        months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement
        benefits for a period of not less than three (3) months under an accident and health plan covering employees of Employer.  Items (i) and (ii) in this Section 5(c) are permitted provided they are in compliance with the requirements of Treasury
        Regulations Section 1.409A-3(g)(4).   An Employee will also be deemed disabled if determined to be totally disabled by the Social Security Administration or in accordance with a disability insurance program, provided that the definition of
        Disability applied under such disability insurance program complies with the requirements of Treasury Regulations Section 1.409A-3(g)(4).

    (d) Disability Retirement Benefit shall mean the benefit payable under this Agreement upon
        a Disability Retirement.  The Disability Retirement Benefit shall be the Monthly Retirement Benefit Unit multiplied by each calendar year of full-time, active service with Employer completed subsequent to the ________ and as of the December 31
        immediately prior to Employee’s Disability Retirement.

    (e) Early Retirement Age shall mean any age from and including age fifty-five (55) to and
        including age sixty-four (64).

    (f) Early Retirement Benefit shall mean the Monthly Retirement Benefit Unit multiplied by
        each calendar year of full-time, active service with Employer completed subsequent to _________ and as of the December 31st immediately prior to attainment of Early Retirement Age.

    (g) ERISA shall mean the Employee Retirement Income Act of 1974, as amended, and the
        regulations issued thereunder.

    (h) Late Retirement Age shall mean any age from and including age sixty-six (66).

    (i) Late Retirement Benefit shall mean the Monthly Retirement Benefit Unit multiplied by
        each calendar year of full-time, active service with Employer completed subsequent to _________ and as of the December 31st immediately prior to attainment of Late Retirement Age.

    (j) Monthly Retirement Benefit Unit shall mean, for purposes of the applicable
        Supplemental Retirement Benefit determination hereunder, $_______, the monthly benefit unit commencing at Early Retirement Age, Normal Retirement Age, Late Retirement Age, Disability Retirement or Pre-Retirement Death, as applicable.

    (k) Normal Retirement Age shall mean age sixty-five (65).

    (l) Normal Retirement Benefit shall mean the Monthly Retirement Benefit Unit multiplied by
        each calendar year of full-time, active service with Employer completed subsequent to _________ and as of the December 31st immediately prior to attainment of Normal Retirement Age.

    (m) Payment Delay for Specified Employees shall mean the six (6) month payment delay of
        the Normal Retirement Benefit that is payable to a “key employee” (as defined by Section 416(i) of the Code without regard to paragraph (5) thereof, and as further
          defined in Treasury Regulations Section 1.409A-(1)(i)) on account of the key employee’s Separation from Service.

    (n) Plan Administrator shall mean the Board or its designee.

    (o) Pre-Retirement Death Benefit shall mean the lesser of (x) the product of (i)
        $_________ per month indexed at four percent (4%) per annum, multiplied by (ii) the number of completed calendar years subsequent to ______________, or (y) the sum of (i) the product of (A) twelve (12) multiplied by (B) one hundred percent (100%)
        of monthly salary for the month in which death occurs and (2) the product of (A) one hundred sixty-eight (168) multiplied by (B) sixty percent (60%) of the monthly salary for the month in which death occurs.

    (p) Separation from Service shall mean “separation from service” within the meaning of
        Section 409A(a)(2)(A)(i) of the Code.

    (q) Supplemental Retirement Benefits shall mean Early Retirement Benefit, Normal
        Retirement Benefit, Late Retirement Benefit, Disability Retirement Benefit and the Pre-Retirement Death Benefit.

    (r) Unforeseeable Emergency shall mean severe financial hardship of Employee or
        Beneficiary resulting from an illness or accident of Employee or Beneficiary, Employee or Beneficiary’s spouse, or Employee or Beneficiary’s dependent(s) (as defined in Section 152(a) of the Code) or loss of Employee or Beneficiary’s property due
        to casualty or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of Employee or Beneficiary within the meaning of Section 409A of the Code.

    6. Supplemental Retirement Benefits

    (a)  Retirement Benefits.  Subject to all of
      the terms and conditions hereof, Employer agrees to pay to Employee, and Employee shall be entitled to receive from Employer, his or her Early Retirement Benefit, Normal Retirement Benefit or Late Retirement Benefit, as applicable, upon the later of
      Employee’s (i) Separation from Service, provided Employee is at least age 55 at the time of such Separation from Service, or (ii) attainment of age sixty (60).  Employee’s Early Retirement Benefit, Normal Retirement Benefit or Late Retirement
      Benefit, as applicable, shall commence payment within sixty (60) days of Employee’s Separation from Service or Employee’s 60th birthday, as applicable, and be paid monthly for one hundred eighty (180) consecutive months thereafter .  Notwithstanding
      anything to the contrary in this Section 6(a), if Employee’s Early Retirement Benefit, Normal Retirement Benefit or Late Retirement Benefit, as applicable, is payable upon Employee’s Separation from Service and Employee is a key employee, the
      applicable retirement benefit is subject to the Payment Delay for Specified Employees.

    (b) Disability Retirement Benefits.  If while actively employed on a full-time basis with
        Employer, Employee incurs a Disability Retirement, Employee is entitled to a Disability Retirement Benefit which shall commence payment within sixty (60) days following the Disability Retirement and be paid monthly until the December 31st
        immediately following Employee’s eightieth (80th) birthday.

    (c) Pre-Retirement Death Benefits.  If Employee dies (i) while actively employed by
        Employer on a full-time basis and prior to the commencement of Normal Retirement Benefits or (ii) after satisfying the requirements of a Disability Retirement but prior to the commencement of Disability Retirement Benefits, the Pre-Retirement Death
        Benefit will be paid in a single lump sum within sixty (60) days following Employee’s death.

    (d) Termination of Employment by Employee Prior to Age 55.  If Employee terminates
        employment by Employer prior to age fifty-five (55), other than as a result of death or Disability Retirement as provided for hereunder, Employee will no longer be entitled to receive benefits under this Agreement.

    7. Eligibility in Other Employer Plans.  Nothing contained in this Agreement shall affect
        the right of Employee to participate or to continue to participate in any pension plan or in any other supplemental compensation arrangement sponsored by Employer which may constitute a part of Employer's regular compensation structure or in any
        discretionary bonus which Employer may pay to its employees; and Employee may receive the benefits under the provisions of any such pension plan or other arrangements in accordance with the terms thereof.  Any benefits paid to Employee pursuant to
        this Agreement shall not be deemed salary or other eligible compensation for the purpose of computing fringe benefits or benefits to which Employee may be entitled under any pension plan or other arrangement sponsored by Employer for the
        compensation of its employees.

    8. Employee Revocable Designation.  In the event of death of Employee prior to the
        payment in full of the applicable benefits hereunder, Employee's remaining monthly payments shall be paid to Beneficiary at the same time and in the same form as if it were paid to Employee had Employee survived.  Employee shall have the right at
        any time and from time to time to change Beneficiary regardless of whether distribution of the benefits may have commenced.  In the event of Employee's failure to make such designation, or if no designee shall survive Employee, the remaining
        monthly payments shall be paid to Employee's spouse; provided that if Employee's spouse shall become entitled to payment hereunder, but shall die before payment in full of the applicable benefits, any remainder thereof shall be paid in monthly
        installments either to the issue of Employee, per stirpes, and if none, then to Employee's estate.

    9. Unforeseeable Emergency.  Notwithstanding that an effective designation of a
        Beneficiary entitled to receive payment of benefits or remainder thereof may then be in force, the Board may, at its option, at any time or from time to time in its absolute and sole discretion, as permitted within the meaning of Section 409A of
        the Code and Treasury Regulations Section 1.409A-3(g)(3), accelerate the time and form of payment of any one or more payments hereunder in event of any Unforeseeable Emergency; provided that Employee is at least age 55 upon the occurrence of the
        Unforeseeable Emergency.

    10. Minority or Disability.  If Employer in its sole discretion shall deem any person
        entitled to receive any payments under this Agreement to be unable to care for his or her affairs because of illness or accident, or is a minor, any such payments (unless a prior claim therefore shall have been made by a duly appointed guardian,
        committee or other legal representative) may be made to the spouse, child or children, parent, brother or sister of such person, or to any third person or entity deemed by Employer to have incurred expense for such person, in the manner and amount
        that such payments would have been distributed to such person.  Any such payment shall be a complete discharge to the extent thereof of the obligations of Employer under this Agreement.

    11. Non-Alienation of Benefits.  None of the rights, interest or benefits contemplated
        under this Agreement may be sold, given away, assigned, transferred, pledged, mortgaged, alienated, hypothecated or in any way encumbered or disposed of by Employee, or any executor, administrator, heir, legatee, distributee, relative or any other
        person or entity, whether or not in being, claiming under Employee by virtue of this Agreement, and none of the rights, interest or benefits contemplated by this Agreement shall be subject to execution, attachment or similar process.  Any (or
        attempted) sale, gift, assignment, transfer, pledge, mortgage, alienation, hypothecation or encumbrance, or other disposition of this Agreement or of such rights, interest or benefits contrary to the foregoing provisions, or the levy or any
        attachment or similar process thereon, shall be null and void and without effect.

    12. Discharge Provisions

    (a) Notwithstanding anything which might be herein contained to the contrary, it being clearly understood and agreed upon by the parties hereto the EMPLOYMENT OF EMPLOYEE IS AND SHALL REMAIN EMPLOYMENT SOLELY AT-WILL, Employer may at any time discharge Employee, whether or not for cause, in which event or in the event Employee sues
        or in any manner contests such “at-will” employment or Employer's right to discharge Employee, then upon written notice to Employee and effective immediately upon the mailing thereof in the manner set forth in Section 19 hereof, Employee's right to
        receive benefits hereunder shall be fixed and determined as of such date; provided that nothing herein shall affect Employee's right to receive payment of such benefits in the manner and at the time herein provided, except as otherwise provided in
        Section 12(b) hereof.

    (b) If Employee incurs a Separation from Service on account of termination of employment by Employer without cause and Employee is at least age 55, a monthly benefit paid for one
        hundred eighty (180) consecutive months will be paid commencing within sixty (60) days following the date of the discharged Employee's attainment of Normal Retirement Age, or if sooner, within sixty (60) days following the Employee’s death. 
        Notwithstanding the foregoing in this Section 12(b), if the benefit payable under this Section 12(b) is paid upon Employee’s Separation from Service and Employee is a key employee, then such payment is subject to the Payment Delay for Specified
        Employees.  The benefit paid under this Section 12(b) will be calculated using the then discounted  present value of the discharged Employee's Monthly Retirement Benefit Units accrued on Employer's books as of the December 31st immediately prior to
        the date when Employee's rights to receive a benefit is fixed under Section 12(a) hereof.  The monthly benefit will be determined assuming that the discounted present value is paid for one hundred eighty (180) consecutive equal monthly installments
        assuming interest at the same rate as used in determining the present value.  No Disability Retirement Benefits will be paid under this provision.

    (c) In the event that Employee shall be convicted of a crime involving Employee's business affairs or in the event that Employer shall have reasonable cause to believe Employee to
        be guilty of any such crime, all rights of Employee under this Agreement shall terminate immediately, and Employer shall have the right to terminate and make no payments whatsoever of Supplemental Benefits hereunder, notwithstanding that such
        amounts would constitute all or a portion of the benefits otherwise payable hereunder.  Such right of Employer shall be in addition to, and not in lieu of, any and all other rights which Employer may have in such event.  The provisions hereof shall
        be applicable notwithstanding that payment of such Normal Retirement Benefit or Disability Retirement Benefits may have theretofore commenced under any provision of this Agreement.

    13. Non-Competition Provision.  Notwithstanding anything herein contained to the contrary,
        no payment of any then unpaid installments of benefits under this Agreement shall be made and all rights under this Agreement of Employee, his spouse, executors or administrators, or other persons claiming through or on behalf of Employee to
        receive payments thereof, shall be forfeited, unless such forfeiture is waived by the Board, if Employee engages in or takes part in any business enterprise of any kind during employment by Employer or within a period of three (3) years after
        termination of such employment or at any time while Employee is receiving benefits hereunder for any reason whatsoever, within a sixty (60) mile radius of York, Pennsylvania, whether as an Employee or as an owner directly or indirectly, which
        manufacture, produces or sells any article then manufactured, produced or sold by Employer or by a present or future holding company of Employer or subsidiary of Employer or of such holding company, or which may be in any other way directly or
        indirectly competitive with the business of Employer or such holding company or subsidiary of Employer.

    14. No Trust Relationship.  Nothing contained in this Agreement and no action taken
        pursuant to the provisions of this Agreement shall create or be construed to create a trust or security relationship of any kind, nor a fiduciary relationship between Employer and Employee, or any Beneficiary of the latter or other person presently
        or prospectively entitled to the receipt of payments hereunder.  To the extent that any person becomes entitled, presently or prospectively, to receive payments from Employer under this Agreement, such right shall be no greater than the right shall
        be no greater than the right of any unsecured general creditor of Employer.

    15. Power and Authority.  Plan Administrator shall have full power and authority to
        interpret, construe and administer this Agreement, and any such interpretation or construction hereof by Plan Administrator, or other action hereunder, including the amount or recipient of any one or more payments of the benefits payable 
        hereunder, shall be binding and conclusive on all persons, whether in being or not.  Neither Employer nor Plan Administrator shall not be liable to any person, whether in being or not, for any action taken or omitted in connection with the
        interpretation and administration of this Agreement, unless attributable to the willful misconduct or bad faith of Employer or Plan Administrator, it being understood and agreed, however, that the employment of Employee is and shall continue to be
        solely at-will.

    16. Waiver of Breach.  Failure to insist upon strict compliance with any of the terms,
        covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any right of power hereunder at any one time or more times be deemed a waiver or relinquishment of such right
        or power at any other time or times.

    17. Modification.  This Agreement shall not be modified or amended except by written
        Agreement duly executed by Employee and Employer.

    18. Severability.  If any clause, sentence, paragraph, section or part of this Agreement
        shall be held by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate any of the other parts hereof.

    19. Notices.  Any notice required or permitted to be given under this Agreement shall be
        sufficient if in writing and sent by registered or certified mail, if to Employee, to his address as shown on the books of Employer, and if to Employer, to the address shown above, or such other address as Employer may have designated in writing,
        or if such written notice is actually received by the person to whom sent.

    20. Claims Procedure.

    (a) Claim. Employee or Beneficiary (hereinafter referred to as a “Claimant”) who believes he or she is entitled to any Supplemental Retirement Benefit under this Agreement may file a claim with Plan Administrator. Plan Administrator shall review
        the claim itself or appoint an individual or entity to review the claim.

    (b) Claim Decision. The Claimant shall be notified within ninety (90) days after the claim
        is filed whether the claim is allowed or denied (forty-five (45) days in the case of a claim involving Disability Retirement Benefits), unless, for claims not involving Disability Retirement Benefits, the claimant receives written notice from Plan
        Administrator or appointee of Plan Administrator prior to the end of the ninety (90) day period stating that special circumstances require an extension of the time for decision. Such extension is not to extend beyond the day which is one hundred
        eighty (180) days after the day the claim is filed.  In the case of a claim involving Disability Retirement Benefits, Plan Administrator will notify the Claimant within the initial forty-five (45) day period that Plan Administrator needs up to an
        additional thirty (30) days to review the Claimant’s claim.  If the Plan Administrator determines that the additional thirty (30) day period is not sufficient and that additional time is necessary to review the Claimant’s claim for Disability
        Retirement Benefits, the Plan Administrator may notify the Claimant of an additional thirty (30) day extension.  If Plan Administrator denies the claim, it must provide to the Claimant, in writing or by electronic communication:

    (i) The specific reasons for such denial;

    (ii) 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) In the case of any claim involving Disability Retirement Benefits, a copy of any internal rule, guideline, protocol, or other similar criterion relied upon in making the initial
        determination or a statement that such a rule, guideline, protocol, or other criterion was relied upon in making the determination and that a copy of such rule will be provided to the Claimant free of charge at the Claimant’s request; and

    (v) A description of the Agreement’s appeal procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under
        Section 502(a) of ERISA following a denial of the appeal of the denial of the benefits claim.

    (c) Review Procedures.  A request for review of a denied claim must be made in writing to
        Plan Administrator within sixty (60) days after receiving notice of denial (one hundred eighty (180) days in the case of a claim involving Disability Retirement Benefits). The decision upon review will be made within sixty (60) days after Plan
        Administrator’s receipt of a request for review (forty-five (45) days in the case of a claim involving Disability Retirement Benefits), unless special circumstances require an extension of time for processing, in which case a decision will be
        rendered not later than one hundred twenty (120) days after receipt of a request for review (ninety (90) days in the case of a claim for Disability Retirement Benefits). A notice of such an extension must be provided to the Claimant within the
        initial sixty (60) day period (the initial forty-five (45) day period in the case of a claim for Disability Retirement Benefits) and must explain the special circumstances and provide an expected date of decision.  The reviewer shall afford the
        Claimant an opportunity to review and receive, without charge, all relevant documents, information and records and to submit issues and comments in writing to Plan Administrator. The reviewer shall take into account all comments, documents, records
        and other information submitted by the Claimant relating to the claim regardless of whether the information was submitted or considered in the benefit determination.  Upon completion of its review of an adverse initial claim determination, Plan
        Administrator will give the Claimant, in writing or by electronic notification, a notice containing:

    (i) its decision;

    (ii) the specific reasons for the decision;

    (iii) the relevant Agreement provisions on which its decision is based;

    (iv) a statement that the Claimant is entitled to receive, upon request and without charge, reasonable access to, and copies of, all documents, records and other information in the
        Agreement’s files which is relevant to the Claimant’s claim for benefit;

    (v) a statement describing the Claimant’s right to bring an action for judicial review under Section 502(a) of ERISA; and

    (vi) in the case of any claim involving Disability Retirement Benefits, a copy of any internal rule, guideline, protocol, or other similar criterion that was relied upon in making
        the adverse determination on review or a statement that a copy of the rule, guideline, protocol or other similar criterion was relied upon in making the adverse determination on review and that a copy of such rule, guideline, protocol, or criterion
        will be provided without charge to the Claimant upon request.

    Unless a Claimant voluntarily avails himself or herself of the procedures set forth in Section 20(g) below, all interpretations,
      determinations and decisions of Plan Administrator in respect of any claim shall be made in its sole discretion based on the applicable Agreement documents and shall be final, conclusive and binding on all parties.

    (d) Calculation of Time Periods. For purposes of the time periods specified in this
        Article, the period of time during which a benefit determination is required to be made begins at the time a claim is filed in accordance with the Agreement procedures without regard to whether all the information necessary to make a decision
        accompanies the claim. If a period of time is extended due to a Claimant’s failure to submit all information necessary, the period for making the determination shall be tolled from the date the notification is sent to the Claimant until the date
        the Claimant responds.

    (e) Failure of Agreement to Follow Procedures. If the Agreement fails to follow the claims
        procedure required by this Article, a Claimant shall be entitled to pursue any available remedy under Section 502(a) of ERISA on the basis that the Agreement has failed to provide reasonable claims procedure that would yield a decision on the
        merits of the claim.

    (f) Failure of Claimant to Follow Procedures. A Claimant’s compliance with the foregoing
        provisions of this Article is a mandatory prerequisite to the Claimant’s right to commence any legal action with respect to any claim for benefits under the Agreement.

    (g) Arbitration of Claims.  Instead of  pursuing his or her claim in court, a Participant
        may voluntarily agree that all claims or controversies arising out of or in connection with this Agreement shall, subject to the initial review provided for in the foregoing provisions of this Article, be resolved through arbitration as provided in
        this Article. Except as otherwise provided or by mutual agreement of the parties, any arbitration shall be administered under and by the Judicial Arbitration & Mediation Services, Inc. (“JAMS”), in accordance with the JAMS procedure then in effect. The arbitration shall be held in the JAMS office nearest to where the Claimant is or was last employed by Employer or at a mutually agreeable
        location. The prevailing party in the arbitration shall have the right to recover its reasonable attorney’s fees, disbursements and costs of the arbitration (including enforcement of the arbitration decision), subject to any contrary determination
        by the arbitrator.  If the Claimant voluntarily avails himself or herself of the procedures set forth in this Section 20(g), all determinations of the arbitrators in respect of any claim shall be final, conclusive and binding on all parties.

    21. Gender and Plural.  All references made and pronouns used herein shall be construed in
        the singular or plural, and in such gender as the context may require.

    22. Captions.  The captions of the various provisions shall not be deemed a part of this
        Agreement and shall not be construed in any way to limit the contents hereof but are inserted herein only for reference and for convenience of the parties.

    23. Governing State Law.  This Agreement may be executed at different times in different
        places, but all questions concerning the construction or validity hereof, or relating to performance hereunder, shall be determined in accordance with the laws of the Commonwealth of Pennsylvania.

    24. Duplicate Originals.  This Agreement may be executed in one or more counterparts, each
        of which shall be deemed an original, but all of which together shall constitute one and the same instrument, and there shall be no requirement to produce another counterpart.

    25. Successors or Assigns.  It is hereby agreed that the terms and provisions of this
        Supplemental Retirement Plan shall be binding upon the successors or assigns of The York Water Company (Employer).

    26. Section 409A Compliance. This Agreement is intended to comply with the requirements of
        Section 409A of the Code, and shall in all respects be administered in accordance with Section 409A of the Code.  Notwithstanding anything in this Agreement to the contrary, distributions may only be made under this Agreement upon an event and in a
        manner permitted by Section 409A of the Code, including the requirement that “specified employees,” as such term is defined in Section 409A of the Code, may not receive distributions prior to the end of the six-month period following a Separation
        from Service.  If a payment is not made by the designated payment date under the Agreement, the payment shall be made by December 31 of the calendar year in which the designated date occurs.  To the extent that any provision of this Agreement would
        cause a conflict with the requirements of Section 409A of the Code, or would cause the administration of the Agreement to fail to satisfy the requirements of Section 409A of the Code, such provision shall be deemed null and void to the extent
        permitted by applicable law.  In no event may Employee designate the year of a distribution.   Notwithstanding anything in the Agreement to the contrary, this Agreement may be amended by Employer at any time, retroactively if required, to the
        extent required to conform the Agreement to Section 409A of the Code.

    
      
        

        

      

      
        

    

      IN WITNESS WHEREOF, Employer has caused this Agreement to be executed by its duly authorized officers, and Employee has hereunto set his hand and seal as of the
        day and year first above written.

    

    

    

    

    	
            ATTEST:

          	
            THE YORK WATER COMPANY

          
	 	 
	 	 
	 	 
	 	 
	
            _____________________________________

          	
            ____________________________________

          
	
            Secretary

          	
            President

          
	 	 
	 	 
	 	 
	 	
            ____________________________________

          
	
            (SEAL)

          	
            Employee

          

    

    

    
      
        

        

      

      
        

    

    TO WHOM IT MAY CONCERN

    

    

    I designate the following as my beneficiary for the Supplemental Retirement Plan of The York Water Company.

    Name of Beneficiary

    Primary

    	
            Name

          	 
	
            Address

          	 
	 	 
	
            Relationship

          	 

    

    

    Secondary

    	
            Name

          	 
	
            Address

          	 
	 	 
	
            Relationship

          	 

    

    

    	
            Signed

          	 
	
            Date

          	 

    

    

    	
            Commonwealth of Pennsylvania

          	
            )

          
	 	
            )SS:

          
	
            County of York

          	
            )

          

    

    

    On this, the _______ day of _______________, 20___, before me a Notary Public, the undersigned personally appeared, known to me (or
      satisfactorily proven) to be the person whose name is subscribed to the within instrument and acknowledged that he or she executed the same for the purposes therein contained.

    

    

    In Witness Whereof, I hereunto set my hand and official seal.

    

    

    

    

    	 
	
            Notary Public

             

          

    

    

    
      
        

        

      

      
        

    

     

    

    Schedule 10.11

    

    

    

    

    	
            Name

          	
            Date Credited

            Service Began

          	
            Date Credited

            Service Ended

          	
            Normal Monthly 

            Retirement Unit

          	
            Pre-Retirement 

            Death Benefit

          
	
            Joseph T. Hand

          	
            December 31, 2019

          	 	
            401.50

          	
            800,000

          
	
            Joseph T. Hand

          	
            December 31, 2009

          	
            December 31, 2019

          	
            163.40

          	
            -

          
	
            Vernon L. Bracey

          	
            December 31, 2003

          	 	
            122.55

          	
            500,000

          
	
            Mark S. Snyder

          	
            December 31, 2009

          	 	
            111.11

          	
            500,000

          
	
            Matthew E. Poff

          	
            December 31, 2018

          	 	
            163.40

          	
            500,000

          
	
            Natalee Colón

          	
            December 31, 2019

          	 	
            86.81

          	
            500,000

          
	
            Mark J. Hardman

          	
            December 31, 2019

          	 	
            154.33

          	
            500,000

          
	
            Mark A. Wheeler

          	
            December 31, 2020

          	 	
            151.52

          	
            300,000

          
	
            Alexandra C. Chiaruttini

          	
            December 31, 2021

          	 	
            128.21

          	
            300,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}]]