Document:

EXHIBIT 10.19

 EXHIBIT 10.19 
 People’s Bank Amended and Restated Deferred Compensation Plan for Directors 

 PEOPLE’S BANK 
 AMENDED AND RESTATED 
 DEFERRED COMPENSATION PLAN FOR DIRECTORS 
 1. Purpose of the Plan. 
 The purpose
of the Amended and Restated Deferred Compensation Plan for Directors (the “Plan”) is to provide a procedure whereby a member of the Board of Directors (the “Board”) of People’s Bank or its successor or assigns (the
“Bank”) may defer the payment of all or a specified part of the fees payable to him or her for services as a director of the Bank (including fees payable for services as a member of the Executive Committee or other committee of such
Board). For purposes of this Plan, the term “Director” means any member of the Board other than (i) an employee of the Bank or any corporation or other entity in which the Bank or People’s Mutual Holdings, a mutual holding
company organized pursuant to the Banking Law of Connecticut or its successor or assigns (the “Parent”) owns directly or indirectly through one or more other such entities at least fifty percent (50%) of the total combined voting
power of all classes of stock (ii) or an honorary, advisory or emeritus member of the Board. 
 2. Election to Defer. 

A Director may elect, on or before December 31 of any year, to defer payment of all or a specified part of all fees payable to him for services as
a Director during the calendar year following such election and during succeeding calendar years until the earlier of the date on which such Director (i) ceases to be a Director or (ii) terminates his election to defer payment of fees in
accordance with the provisions of paragraph 6 hereof. Any person who shall become a Director during any calendar year, and who was not a Director on the preceding December 31, may elect, before his term as a Director begins, to defer payment of
all or a specified part of such fees for the remainder of such calendar year and for succeeding calendar years. Any such election shall be made by written notice given to the Committee. 

 3. Director’s Credits. 
 All deferred fees shall be held as part of the general funds of the Bank, but the amounts so deferred shall be credited by the Bank as an item of its
indebtedness to the Director deferring such fee. On the first day of each quarter, there shall be added to such indebtedness calculated on the basis of the balance of such indebtedness on the first day of each month of the preceding quarter,
interest at the prime rate of Morgan Guaranty Trust Company of New York (i.e., the rate of interest charged by that bank for loans to its most creditworthy customers) in effect on the first day of each such month. Each Director shall be fully vested
at all times in the deferred fees and interest credited to him under the terms of this Plan. 
 4. Payment of Deferred Amounts

 (a) The aggregate amount of deferred fees, together with interest accrued thereon, credited to a Director hereunder shall be paid in a lump
sum or, if such Director elects, in substantially equal annual or quarterly installments over a period of years specified by such Director, subject to approval by the Committee. Such election must be made by written notice given to the Committee
upon the Director first electing to defer payment of fees hereunder or, after having terminated such election to defer, again electing to defer payment of fees hereunder. Except as otherwise provided in the last sentence of this subparagraph (a),
the first installment (or the lump sum payment) shall be paid promptly on or following the date on which the Director ceases to be a Director or such later date as the Director may elect, subject to approval by the Committee. Any such election of
such a later date shall be made at the same time and in the same 

  

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manner as the installment payment election provided for hereunder. Such first installment (or lump sum payment) shall be based on the total indebtedness,
including interest through the date of the first payment. Any subsequent installments shall be paid promptly at the beginning of each such succeeding calendar year or quarter as the case may be until the entire amount shall have been paid. During
the period of any deferral, the balance of the funds owed to such former Director shall be credited with interest in accordance with the provisions set forth in paragraph 3 as they would be applicable to a Director who continued to serve as
Director. All interest accrued during a calendar year or quarter as the case may be during which an election to receive benefits in installments is in effect shall be added to the installment payable for the next subsequent year or quarter as the
case may be. The Committee may, in its discretion, determine to defer payment or commencement of payment of amounts credited under this Plan to a former Director until such former Director ceases to receive compensation (other than pursuant to this
Plan or any other retirement or deferred compensation plan) for service in any capacity to the Bank, its Parent or any other entity described in paragraph 1 of this Plan. 
 (b) Notwithstanding any other provision of this Plan to the contrary, the Committee may in its complete discretion permit a Director to elect to change the written election on file with the Bank as to the period over
which payment is to be made, the payment commencement date, or both. Any such election to change shall be made in writing and given to the Committee at such time as the Committee may require, provided, however, that in no event may a Director elect
to receive or commence to receive payment prior to the date on which the Director ceases to be a Director. In the event a Director ceases to be a Director within the two year period following the date such Director has changed an election as to
installment payments or a payment date or both, such change in election shall be null and void, and the amount to which such Director is entitled hereunder shall be paid in accordance with such Director’s initial election. 
  

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 (c) In the event of a Change in Control as defined in subparagraph (d) hereof, and notwithstanding any
other provision of this Plan, the aggregate amount of deferred fees, together with interest accrued thereon, credited to each Director hereunder as of the date of such Change in Control shall be paid to such Director in a lump sum. Such payment
shall be made as soon as practicable after such Change in Control but in no event later than five (5) business days thereafter. 
 (d)
For purposes of this Plan, the term “Change in Control” shall mean the occurrence of any of the following: 
 (i) The Board or the
Parent shall approve (A) a merger or consolidation (or series of mergers and consolidations) of the Bank or the Parent with any other corporation other than (1) a merger or consolidation (or series of mergers and consolidations) which
would result in the voting stock (as described in paragraph (ii) of this subparagraph) of the Bank or its Parent outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting
stock of the surviving entity) more than 80% percent of the combined voting power of the voting stock of the Bank (or such surviving entity) outstanding immediately after such merger or consolidation or (2) a merger or consolidation effected to
implement a recapitalization of the Bank or its Parent (or similar transaction) in which no “person” (as defined in paragraph (ii) of this subparagraph) acquires more than 20% of the combined voting power of the then outstanding
securities of the Bank or its Parent, or (B) any sale, lease, exchange, or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Bank or its Parent, or (C) the adoption
of any plan or proposal for the liquidation or dissolution of the Bank. 
  

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 (ii) Any person (as such term is defined in Section 3(a)(9) and Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), corporation, or other entity (other than the Bank, its Parent, or any benefit plan, including, but not limited to, any employee stock ownership plan, sponsored by the Bank,
its Parent, or any subsidiary) shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities representing 20 percent or more of the combined voting power of the
then outstanding securities of Bank or its Parent ordinarily (and apart from rights accruing under special circumstances) having the right to vote in the election of directors (calculated as provided in paragraph (d) of such Rule 13d-3 in the
case of rights to acquire such securities); or 
 (iii) During any period of two consecutive calendar years, individuals who at the
beginning of such period constitute the entire board of directors of the Bank or its Parent, and any new director (excluding a director designated by a person who has entered into an agreement with the Bank or its Parent to effect a transaction
described in paragraph (i) or (ii) of this subparagraph) whose election by the board or nomination for election by the stockholders of the Bank or its Parent was approved by a vote of at least two-thirds of the directors then still in
office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, shall cease for any reason to constitute a majority thereof. 
  

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 5. Payment in Event of Director’s Death. 
 (a) In the event of the death of a Director or former Director prior to commencement of payment to such Director under the terms of this Plan, an amount
equal to the total indebtedness owed to such Director hereunder shall be paid in (i) a lump sum, or, (ii) if the Director so elects, in substantially equal annual or quarterly installments over a period of years specified by such Director,
subject to approval by the Committee, to such Director’s beneficiary determined in accordance with subparagraph (b) of this paragraph 5 as soon as practicable following such Director’s death. Such amount shall include interest accrued
hereunder to the date of payment. The election provided for in this subparagraph (a) shall be made in writing and given to the Committee at the same time as the payment election is given pursuant to paragraph 4 hereof, in such form as the
Committee may require. In the event of the death of a former Director while receiving installment payments of the indebtedness owed to him under this Plan, such installments shall continue to be paid to such Director’s beneficiary determined in
accordance with subparagraph (b) of this paragraph 5 for the remainder of the payment period. During any period of installment payments, interest shall be credited in the manner provided in subparagraph (b) of Paragraph 4 hereof.

 (b) Each Director may, at any time, designate one or more beneficiaries to receive the amounts owed to him in the event of his death prior
to all of such amounts being paid to him. Such designation of beneficiary shall become effective when received by the President or the Treasurer of the Bank or any other employee of the Bank to whom the President or Treasurer delegates such
authority. Such designation shall be on a form provided by or otherwise approved by the Committee. In the event of the death of a Director either prior to designating a 

  

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beneficiary pursuant to this subparagraph (b) or concurrent with or after the death of such beneficiary, or in the event of such beneficiary’s
death before he is paid all of the indebtedness owed to him as a result of the Director’s death, including interest computed to the date of such beneficiary’s death, such amounts shall be paid to the estate of the later to die of the
Director or his beneficiary provided that in the event in the designation of his beneficiary the Director specified any survival period, no amounts shall be paid to such beneficiary’s estate unless he or she survives such survival period; and
further provided that in the event the Director provides for a contingent beneficiary, and such contingent beneficiary is surviving at the time, of the later of the death of the Director or the expiration of any survival period, but the primary
beneficiary is not then living, such amounts shall be paid to such contingent beneficiary. A Director may designate a trust as a beneficiary. 
 6. Termination of Election. 
 A Director may terminate his election to defer payment of fees by written notice given to the
Committee. Any termination shall become effective as of the date on which notice of termination is given with respect to fees payable for future services as a Director. Amounts credited in favor of such Director prior to the effective date of
termination shall not be affected thereby and shall be paid only in accordance with paragraph 4 or, if applicable, paragraph 5 above, and shall be credited with interest in accordance with paragraph 3 above. 
 7. Nonassignability. 
 The Plan is
designed to provide payment of the indebtedness owed hereunder solely to the Director and, in the event of the Director’s death, such Director’s beneficiary. No rights to receive payments of the indebtedness owed hereunder shall be subject
in any manner to 

  

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anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by voluntary action or operation of law. No such
benefit prior to the receipt thereof pursuant to the provisions to this Plan shall be in any manner subject to the debts, contracts, liabilities, engagements or torts of any Director or his beneficiary. 
 8. Amendment, Modification and Termination 
 (a) Subject to the terms of subparagraph (b) of this paragraph, the Board at any time may terminate or in any respect amend or modify the Plan; provided, however, that no such termination, amendment or modification shall (i) reduce the
amounts credited to any Director or former Director without his or her consent or, (ii) alter any election already in effect as of April 17,1997, with respect to a Director or former Director for services rendered prior to such date
without his or her consent. Upon termination of the Plan, the total amounts credited to each Director shall be paid in accordance with the terms of paragraph 4. hereof. 
 (b) Any amendment to or modification of the terms of subparagraph (c) or (d) of paragraph 4. hereof shall become effective only with approval of 65% of the Directors, former Directors and beneficiaries of
deceased Directors or former Directors who are credited with amounts under this Plan or to whom outstanding indebtedness is owed under the terms of this Plan; provided, however, that in the event there is more than one such beneficiary with respect
to any individual deceased Director or former Director, such beneficiaries shall have a single vote which shall be cast as determined by a majority in interest of all beneficiaries of such deceased Director or former Director. 
  

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 9. Miscellaneous. 
 (a) The Plan shall be administered by the Human Resources Committee of the Board, and all references in this Plan to “Committee” shall refer to such Human Resources Committee. The decision of such Committee
with respect to any questions arising as to the interpretation of this Plan, including the severability of any and all of the provisions thereof, shall be final, conclusive and binding. The Committee may, in its discretion, allocate responsibilities
hereunder among one or more of its members and may delegate responsibilities to any person or persons selected by it. No member of the Committee shall participate in any exercise of discretion or authority under this Plan by the Committee with
respect to the determination of or payment of amounts credited hereunder to or for such member. 
 (b) This Plan shall be governed by the
laws of the State of Connecticut, to the extent not preempted by federal law. 
 (c) It is intended that the Plan be and remain a bona fide
deferred compensation plan for purposes of Part 359 of Federal Deposit Insurance Corporation (“FDIC”) Rules as defined by provisions of FDIC Rule §359. l(d) and the terms of the Plan shall be so construed in the event of any
ambiguity. 
 (d) No promise hereunder shall be secured by any specific assets of the Bank, nor shall any assets of the Bank be designated as
attributable or allocated to the satisfaction of such promises. Directors and beneficiaries shall have no rights under the Plan other than as unsecured general creditors of the Bank. Any and all amounts payable under this Plan shall be paid from the
general assets of the Bank. 
 (e) No amounts owed hereunder shall be deemed a deposit, checking or savings account. 
  

 9EXHIBIT 10.21

 EXHIBIT 10.21 
 The Norwich Savings Society Non-Qualified Deferred Compensation Plan 

 THE NORWICH SAVINGS SOCIETY 
 NON-QUALIFIED 
 DEFERRED COMPENSATION PLAN 
 Benefit Concepts, Inc. 

 THE NORWICH SAVINGS SOCIETY 
 NON-QUALIFIED 
 DEFERRED COMPENSATION PLAN 
 TABLE OF CONTENTS 
  

					
	Section 1:	  	Purpose of Plan	  	1
			
	Section 2:	  	Definitions	  	1
			
	Section 3:	  	Eligibility	  	2
			
	Section 4:	  	Election of Contribution Credit	  	2
			
	Section 5:	  	Investment of Contribution Credit	  	3
			
	Section 6:	  	Form and Timing of Benefit Payments	  	3
			
	Section 7:	  	Vesting	  	4
			
	Section 8 :	  	Funding	  	4
			
	Section 9:	  	Plan Administration	  	5
			
	Section 10:	  	Plan Amendment and Termination	  	5
			
	Section 11:	  	Assignment	  	6
			
	Section 12:	  	Hardship Distributions	  	6
			
	Section 13:	  	Miscellaneous	  	7
			
	Section 14:	  	Construction	  	8
		
	Execution Page	  	8

 THE NORWICH SAVINGS SOCIETY 
 NON-QUALIFIED 
 DEFERRED COMPENSATION PLAN 
 WHEREAS, The Norwich Savings Society (herein referred to as “Employer”) heretofore established the The Norwich Savings Society Thrift Plan for
the benefit of employees of Employer; and 
 WHEREAS, the Employee Retirement Income Security Act of 1974 (herein referred to as
“ERISA”) and the Internal Revenue Code of 1986 (herein referred to as the “Code”) require that certain limits be set on the benefits which may be accrued under the terms of a tax-qualified defined contribution retirement plan;
and 
 WHEREAS, Norwich Financial Corp. (herein referred to as “Parent”) is the parent holding company of Employer; and 

WHEREAS, Parent and Employer wish to establish the Norwich Savings Society Non-qualified Deferred Compensation Plan (herein referred to the
“Plan”), the purpose of which is to provide members of Parent and Employers Boards of Directors, as well as a select group of officers and highly compensated employees of Employer, with the opportunity to elect to defer a portion of their
current Compensation pursuant to an agreement executed pursuant to the terms of the Plan; 
 NOW, THEREFORE, effective as of July 1,
1995, Employer hereby adopts the Plan as follows: 
 Section 1: Purpose of the Plan 
 The Plan is established and maintained for purposes of providing unfunded non-qualified deferred Compensation for members of Parent’s and
Employer’s Boards of Directors, as well as a select group of officers and highly compensated employees of Employer. 
 Section 2:
Definitions 
 As used herein, terms which are defined in the Retirement Programs shall have the meanings therein defined. In addition,
the following terms shall have the following meanings unless a different meaning is plainly required by the context: 
 (a) “Board of
Directors” shall mean the Board of Directors of either Parent or Employer or both, as the context requires. 
  

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 (b) “Compensation” shall, in the case of employees of Employer, mean total Compensation,
including bonuses, reportable in a Participant’s Internal Revenue Service Form W-2, plus amounts not includible in taxable income by virtue of a salary reduction agreement entered into by the Participant pursuant to Sections 125 and/or 402 of
the Code. In the case of a member of the Board of Directors of Parent or Employer, such term shall mean total Compensation, including all Directors fees, payable to such member during a calendar year. 
 (c) “Contribution” shall mean the amounts, if any, determined and credited to a Participant pursuant to Section 4 hereof. 
 (d) “Participant” shall mean participant as defined Section 3 hereof. 
 (e) “Plan Administrator” shall mean the person or persons appointed by the Board of Directors of Employer to administer the Plan in accordance
with Section 9 hereof. 
 Section 3: Eligibility 
 Each member of the Board of Directors, and each employee of Employer designated in Appendix A attached hereto, shall be eligible to participate in the
Plan. 
 Section 4: Election of Contribution Credit 
 (a) Within the thirty (30) day period prior to the beginning of each calendar year, each eligible Participant shall elect what percentage, if any, of his or her total Compensation such Participant desires to have
credited to his or her Plan accounts for such calendar year. Such amounts shall be credited as soon as administratively feasible following the date such Participant would have otherwise received such Compensation but for such election. 

(b) Notwithstanding subsection (a) hereof, in the calendar year during which a member of the Board of Directors or an executive of Employer is
first eligible to participate hereunder, the Participant may make such election within the first two weeks next following the date such Participant first became eligible to participate hereunder, provided such election shall apply only to
Compensation earned subsequent to the date such election is made. Such election shall apply with respect to Compensation earned during the remainder of the calendar year in which such election is made. 
  

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 (c) Once an election is made pursuant to the provisions of subsections (a) or (b) hereof, the
Participant shall not increase of decrease such election for the remainder of the calendar year to which such election relates, provided that a Participant may revoke such election with respect to amounts which he or she has not yet earned as of the
date of revocation in connection with the occurrence of an approved financial hardship with respect to which a Participant has requested accelerated distribution of his Plan interests pursuant to Section 12 hereof. If a Participant revokes an
election pursuant to this subsection (c), such Participant may not again elect to participate in the Plan as of a date prior to the first day of the calendar year next following the date he or she ceased to participate in the Plan as a result of
such revocation. 
 Section 5: Investment of Contribution Credit 
 (a) Employer shall credit to each Participant’s Contribution Credit account investment income equal to the earnings or losses attributable to funds
held under the terms of any trust, custodial account or escrow, the purpose of which is to provide Employer with a source of funds to satisfy its obligation respect to the benefits promised under the terms of the Plan. 
 (b) Subject in all respects to rules and procedures established by the Plan Administrator, a Participant may elect to direct the investment of his or her
Contribution Credits among any investment funds held under the terms of any trust, custodial account or escrow arrangement Employer may establish for purposes of creating a source of funds to satisfy its obligation with respect to benefits promised
under the terms of the Plan. In such event, the Participant’s Plan interests shall be separately accounted for by investment fund and shall, at any time, equal his or her Contribution Credits, plus earnings and losses thereon calculated based
on the performance of such investment funds. 
 Section 6: Form and Timing of Benefit Payments 
 (a) Payment of Plan benefits shall be made in ten (10) annual installments commencing upon Participant’s attainment of age sixty-five, or in the
case of a Participant who is an employee of Employer, such earlier date as the Participant terminates employment with Employer, and each anniversary of such date thereafter, based on a pro-rated portion of the Participant’s account determined
as of the last day of the month immediately preceding such anniversary date, and provided that the tenth payment shall equal the entire amount remaining to the credit of the Participant. Notwithstanding the foregoing, a Participant may petition the
Plan Administrator to receive his 

  

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entire Plan interest in the form of a single lump sum payment. Any decision to honor such petition shall be made by the Board of Directors or its delegate,
in its sole and absolute discretion. 
 (b) Notwithstanding the provisions of subsection (a) hereof, a Participant shall be afforded the
opportunity, at the time of his or her first election to defer Compensation under the terms of the Plan, to designate a payment commencement date other than the date specified in subsection (a) hereof. Such designation shall be irrevocable, and
shall apply to such Participant’s first election, and all subsequent elections to defer Compensation under the terms of the Plan. 
 (c)
A death benefit shall be payable on behalf of a Participant who dies prior to receiving his entire Plan interests, and shall be paid to the beneficiary or beneficiaries designated by such Participant on a form provided by the Plan Administrator. In
the event that such Participant has not furnished the Plan Administrator with such form, the death benefit, if any, shall be payable to such Participant’s estate. Such death benefit shall be paid on an installment basis in the manner descried
in subsection (a) hereof, and shall commence as soon as administratively feasible following the date of Participant’s death. Notwithstanding the foregoing, a Participant’s beneficiary may petition the Plan Administrator to receive his
or her entire Plan interest in the form of a single lump sum payment. Any decision to honor such petition shall be made by the Board of Directors or its delegate, in it’s sole and absolute discretion. 
 Section 7: Vesting 
 A
Participant shall have a non-forfeitable right to his or her Contribution Credit account, as adjusted for earnings and losses. 
 Section 8: Funding 
 All benefits provided under the terms of the Plan shall be paid from the general assets of Parent
or Employer, as the case may be, provided that such payments shall be reduced by payments made to a Participant or his or her beneficiary from any trust or special or separate fund established by Employer for such purpose. It is the Employer’s
intent to establish, and deposit quarterly funds attributable to Participant elections into, an irrevocable “rabbi” trust, the corpus of which shall continue to be subject to the rights of the general creditors of Parent and Employer. In
no event, however, shall Parent or Employer be required to establish such trust or special or separate fund, and nothing herein contained shall be construed to result in such 

  

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requirement. To the extent that any Participant or his or her Beneficiary shall acquire a right to payment hereunder, such right shall be no greater than
that of an unsecured general creditors of Parent or Employer, as the case may be. 
 Section 9: Plan Administration 

(a) The Plan Administrator shall have complete discretionary authority to determine eligibility, to construe the Plan, and to review claims for benefit
payment under the terms of the Plan and such determinations, constructions and reviews shall be binding and conclusive with respect to all parties hereto. 
 (b) The Plan Administrator shall be entitled to delegate to any agent or to any subcommittee his or her authority to perform any act hereunder, including without limitation those matters involving the exercise of
discretionary authority provided that such delegation shall at all times be subject to revocation by the Plan Administrator. 
 (c) The Plan
Administrator (or any member of a committee or subcommittee appointed by the Plan Administrator) shall in no event be personally liable by reason of any contract or other instrument executed by him or her or on his or her behalf in his or her
capacity as the Plan Administrator and Employer shall indemnify and hold harmless against all costs and expense, such Plan Administrator (or any such member of a committee or subcommittee appointed by the Plan Administrator). 
 (d) The Plan Administrator (or any member of a committee or subcommittee appointed by the Plan Administrator) shall in no event be personally liable by
reason of a mistake of judgement made in good faith, and Employer shall indemnify and hold harmless against all costs and expense, such Plan Administrator (or any member of a committee or subcommittee appointed by the Plan Administrator), and each
officer, employee, or director of Employer to whom any duty or power has been delegated relating to Plan administration, or of management or control of assets related to the administration of the Plan unless arising out of such individual’s own
fraud or bad faith. 
 (e) Plan expenses shall be borne by Employer, with no part charged against any Participant’s Contribution Credit
or earnings thereon. 
 Section 10: Plan Amendment or Termination 
 Parent and Employer expect to continue the Plan indefinitely but reserve the right to amend or terminate the Plan with respect to either organizations
sponsorship, each in its sole and 

  

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exclusive discretion, at any time provided that such amendment or termination shall not affect the rights or interests of any Participant or his or her
beneficiary which are accrued prior to the date of such amendment or termination without the express written consent of such Participant or Beneficiary. In the event of Plan termination, all rights of all Participants and their beneficiaries to
amounts attributable to the Plan shall be fully vested. 
 Section 11: Assignment 
 No interest of any person or entity in, or right to receive a benefit under, the Plan shall be subject in any manner to sale, transfer, assignment,
pledge, attachment, garnishment, or other alienation or encumbrance of any kind; nor may such interest or right to receive a benefit be taken, either voluntarily or involuntarily, for the satisfaction of the debts of, or other obligations or claims
against, such person or entity, including claims for alimony, support, separate maintenance and claims in bankruptcy proceedings. 
 Section 12: Hardship Distributions 
 (a) A Participant may request an in-service withdrawal of all or a portion of his
or her Contribution Credit attributable to Compensation deferral elections, plus earnings thereon, in the event of an unforeseeable emergency which results in a financial hardship to such Participant or his or her dependent (as defined in
Section 152(a) of the Code). Such request must be submitted to the Plan Administrator. 
 (b) Any amounts paid with respect to a
Participant’s financial hardship request shall not exceed the amount necessary to satisfy such financial hardship, and then only to the extent that such hardship may not be relieved through: 
  

	 	(i)	reimbursement or compensation by insurance or otherwise; 

  

	 	(ii)	by liquidation of the Participant’s assets to the extent that such liquidation would not itself result in a severe financial hardship; or 

  

	 	(iii)	by cessation of deferrals under the Plan. 

 (c) For
purposes of this Section 12, severe unforeseen financial hardship shall include financial hardship resulting from sudden and unexpected illness of the Participant or his or her dependent, loss of Participant’s property due to casualty or
other similar extraordinary and unforeseeable circumstances 

  

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arising out of events over which the Participant had no control. In no event shall the purchase of a residence or the educational expenses of the Participant
or a dependent of Participant be determined to be an unforeseeable financial hardship. 
 (d) The Plan Administrator shall have the sole,
absolute and final discretion to determine the existence of a qualifying financial hardship, and the availability to a qualifying Participant of an in-service withdrawal of Plan interests with respect to such financial hardship. 
 Section 13: Miscellaneous 
 (a)
Neither the Plan nor any action taken by Parent or Employer or the Plan Administrator hereunder shall be construed as giving any Participant a right to employment by Parent or Employer, or as in any way diminishing Parent’s or Employer’s
right to discharge such Participant from its employ. 
 (b) Nothing contained herein shall constitute a guaranty by Parent or Employer or any
other entity or person that the assets of Parent or Employer will be sufficient to pay any benefit hereunder. 
 (c) If any Participant or
Beneficiary entitled to payment under the Plan is deemed by Employer to be incapable of personally receiving and giving a valid receipt for such payment, then, unless and until claim therefor shall have been made by a duly appointed guardian or
other legal representative of such person, Employer may provide for such payment or any part thereof to be made to any other person or institution then contributing toward or providing for the care and maintenance of such person. Any such payment
shall be a payment for the account of such person and a complete discharge of any liability of Employer and the Plan therefor. 
 (d) Each
Participant shall keep Employer informed of his current address and the current address of his or her spouse. Employer shall not be obligated to search for the whereabouts of any person. If the location of a Participant is not made known to Employer
within three years after the date on which payment of the Participant’s Plan benefit may first be made, payment may be made as though the Participant had died at the end of such three-year period. If, within one additional year after such
three-year period has elapsed, or within three years after the actual death of a Participant, Employer is unable to locate any Beneficiary of the Participant, Employer shall have no further obligation to pay any benefit hereunder to such Participant
or Beneficiary or any other person and such benefit shall be irrevocably forfeited. 
  

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 (e) Notwithstanding any other provision of the Plan, neither Parent nor Employer nor any individual
acting as an employee or agent of Parent or Employer shall be liable to any Participant, former Participant or Beneficiary or any other person for any claim, loss liability or expense incurred in connection with the Plan and Parent and Employer
shall indemnify any individual acting as such against any such claim, loss or expense including reasonable attorney fees. 
 (f) In
circumstances in which the Board of Directors of Employer must make a determination with respect to the disposition of a Plan benefit on behalf of a Participant who is a member of the Board of Directors of Parent or Employer, such Participant shall
not participate in that determination. 
 (g) Parent or Employer may withhold from any benefit payable hereunder all applicable federal,
state and local taxes associated with such payment. 
 (h) Notwithstanding the provisions of Section 8 hereof, it is the intent of
Employer that the Plan be unfunded for purposes of ERISA and the Code, and the Plan shall be interpreted in a manner consistent with such intent. 
 Section 14: Construction 
 The Plan shall be construed and enforced in accordance with laws of
the State of Connecticut to the extent not preempted by federal law. 
 IN WITNESS WHEREOF, Parent and Employer have caused this Plan to be
adopted this 27 day of June, 1995. 
  

					
	WITNESSES	 	NORWICH FINANCIAL CORP.
			
		 		 	
	 

	 	By:	 	 

	 

	 	Title:	 	Vice President & Corporate Secretary
		
	WITNESSES	 	THE NORWICH SAVINGS SOCIETY
			
	 

	 	By:	 	 

	 

	 	Title:	 	Senior Vice President & Corporate Secretary

  

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 THE NORWICH SAVINGS SOCIETY 
 NON-QUALIFIED 
 DEFERRED COMPENSATION PLAN 
 APPENDIX A 
 as of July 1, 1995 
 Pursuant to Section 1 of the The Norwich Savings Society Executive Non-Qualified Deferred Compensation Plan, the following select group of officers
and highly compensated employees of Employer are eligible to participate in the Plan effective individually as of the date herein specified: 
  

							
	 	  	 Employee
	  	 	  	 Participation Date

				
	1.	  	Daniel R. Dennis. Jr.	  		  	July 1, 1995
				
	2.	  	Michael J. Hartl	  		  	July 1, 1995
				
	3.	  	  	  		  	  
				
	4.	  	  	  		  	  
				
	5.	  	  	  		  	  
				
	6.	  	  	  		  	  
				
	7.	  	  	  		  	  
				
	8.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]