Document:

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                                                                    Exhibit 10.7

                                     FORM OF
                  ENFIELD FEDERAL SAVINGS AND LOAN ASSOCIATION
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                            Effective January 1, 2002

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                                     Form of
                  Enfield Federal Savings and Loan Association
                     Supplemental Executive Retirement Plan

                                Table of Contents

<TABLE>
<S>                                                                     <C>
Article I     -  Introduction .......................................    1

Article II    -  Definitions ........................................    1

Article III   -  Participation ......................................    4

Article IV    -  Benefits ...........................................    4

Article V     -  Accounts ...........................................    7

Article VI    -  Supplemental Benefit Payments ......................    8

Article VII   -  Claims Procedures ..................................    9

Article VIII  -  Amendment and Termination ..........................   10

Article IX    -  General Provisions .................................   11
</TABLE>

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                                    Article I
                                  Introduction

Section 1.01  Purpose, Design and Intent.
              --------------------------

(a)   The purpose of the Enfield Federal Savings and Loan Association
Supplemental Executive Retirement Plan (the "Plan") is to assist Enfield Federal
Savings and Loan Association (the "Association") and its Affiliates (as defined
in Section 2.01(a) of the Plan), in retaining the services of key employees, to
induce such employees to use their best efforts to enhance the business of the
Association and its Affiliates, and to provide certain supplemental retirement
benefits to such employees.

(b)   The Plan, in relevant part, is intended to constitute an unfunded "excess
benefit plan" as defined in Section 3(36) of the Employee Retirement Income
Security Act of 1974, as amended. The Plan is designed, in large part, to
provide certain key employees with retirement benefits that would have been
payable under the various tax-qualified retirement plans sponsored by the
Association and/or its Affiliates but for the limitations placed on the benefits
and contributions under such plans by the provisions of the Internal Revenue
Code of 1986, as amended.

                                   Article II
                                   Definitions

Section 2.01  Definitions. In this Plan, whenever the context so indicates, the
              -----------
singular or the plural number and the masculine or feminine gender shall be
deemed to include the other, the terms "he," "his," and "him," shall refer to a
Participant or Beneficiary, as the case may be, and, except as otherwise
provided, or unless the context otherwise requires, the capitalized terms shall
have the following meanings:

(a)   "Affiliate" means any corporation, trade or business, which, at the time
of reference, is together with the Association, a member of a controlled group
of corporations, a group of trades or businesses (whether or not incorporated)
under common control, or an affiliated service group, as described in Sections
414(b), 414(c), and 414(m) of the Code, respectively, or any other organization
treated as a single employer with the Association under Section 414(o) of the
Code; provided, however, that, where the context so requires, the term
"Affiliate" shall be construed to give full effect to the provisions of Sections
409(l)(4) and 415(h) of the Code.

(b)   "Applicable Limitations" means any of the following:

      (i)     the maximum limitations on annual additions to a tax-qualified
defined contribution plan under Section 415(c) of the Code;

                                       1

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     (ii)  the maximum limitation on the annual amount of compensation that may,
under Section 401(a)(17) of the Code, be taken into account in determining
contributions to and benefits under tax-qualified plans;

     (iii) the maximum limitation on employee elective deferrals as a result of
the application of the discrimination standards under Section 401(k) of the
Code; and.

     (iv)  the maximum limitation on matching contributions as a result of the
application of the nondiscrimination test under Section 401(m) of the Code.

(c)  "Association" means Enfield Federal Savings and Loan Association, and its
successors.

(d)  "Savings Plan" means the Enfield Federal Savings and Loan Association
Employees' Savings & Profit Sharing Plan, as amended from time to time.

(e)  "Board of Directors" means the Board of Directors of the Association.

(f)  "Change in Control" shall be deemed to occur on the earliest of:

           (i)   such time as any "person" (as the term is used in Sections
                 13(d) and 14(d) of the Securities Exchange Act of 1934, as
                 amended ("Exchange Act")) is or becomes the "beneficial
                 owner" (as defined in Rule 13d-3 under the Exchange Act),
                 directly or indirectly, of voting securities of the
                 Company representing 20% or more of the Association's
                 outstanding voting securities or the right to acquire such
                 securities, except for any voting securities purchased by
                 any employee benefit plan of the Association;

           (ii)  such time as individuals who constitute the Board of Directors
                 on the date hereof (the "Incumbent Board") cease for any
                 reason to constitute at least a majority thereof, provided
                 that any person becoming a director subsequent to the date
                 hereof whose election was approved by a vote of at least
                 three-quarters of the directors constituting the Incumbent
                 Board (or members who were nominated by the Incumbent Board),
                 or whose nomination for election by the Association's
                 stockholders was approved by a Nominating Committee solely
                 composed of members which are Incumbent Board members (or
                 members nominated by the Incumbent Board), shall be, for
                 purposes of this clause (iii), considered as though he or she
                 were a member of the Incumbent Board;

           (iii) such time as a reorganization, merger, consolidation, or
                 similar transaction occurs or is effectuated as a result of
                 which 60% of shares of the common stock of the resulting
                 entity are owned by persons who were not stockholders of the
                 Association immediately prior to the consummation of the
                 transaction;

                                       2

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         (iv)     such time as substantially all of the assets of the
                  Association are sold or otherwise transferred to another
                  corporation or other entity that is not controlled by the
                  Association.

Notwithstanding anything in this Plan to the contrary, in no event shall the
conversion of the Association from mutual to stock form (including without
limitation, through the formation of a stock holding company) or the
reorganization of the Association into the mutual holding company form of
organization constitute a "Change in Control" for purposes of this Plan.

(g) "Code" means the Internal Revenue Code of 1986, as amended.

(h) "Committee" means the person(s) designated by the Board of Directors,
pursuant to Section 9.02 of the Plan, to administer the Plan.

(i) "Common Stock" means the common stock of the Company.

(j) "Company" means New England Bancshares, Inc., a federally chartered
corporation and its successors.

(k) "Eligible Individual" means any Employee of the Association or an Affiliate
who participates in the ESOP, or the Savings Plan, as the case may be, and whom
the Board of Directors determines is one of a "select group of management or
highly compensated employees," as such phrase is used for purposes of Sections
101, 201 and 301 of ERISA.

(l) "Employee" means any person employed by the Association or an Affiliate.

(m) "Employer" means the Association or its Affiliate that employs the Employee.

(n) "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

(o) "ESOP" means the Enfield Federal Savings and Loan Association Employee Stock
Ownership Plan, as amended from time to time.

(p) "ESOP Acquisition Loan" means a loan or other extension of credit incurred
by the trustee of the ESOP in connection with the purchase of Common Stock on
behalf of the ESOP.

(q) "ESOP Restoration Benefit" means the benefit credited to a Participant's
ESOP Restoration Benefit Account pursuant to Section 4.02 of the Plan.

(r) "ESOP Restoration Benefit Account" means the account established by an
Employer, pursuant to Section 5.02 of the Plan, with respect to a Participant's
ESOP Restoration Benefit.

                                       3

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(s) "ESOP Valuation Date" means any day as of which the investment experience of
the trust fund of the ESOP is determined and individuals' accounts under the
ESOP are adjusted accordingly.

(t) "Effective Date" means January 1, 2002.

(u) "Participant" means an Eligible Individual who is entitled to benefits under
the Plan.

(v) "Plan" means this Enfield Federal Savings and Loan Association Supplemental
Executive Retirement Plan.

(w) "Supplemental ESOP Account" means an account established by an Employer,
pursuant to Section 5.01 of the Plan, with respect to a Participant's
Supplemental ESOP Benefit.

(x) "Supplemental ESOP Benefit" means the benefit credited to a Participant's
Supplemental ESOP Account pursuant to Section 4.01 of the Plan.

(y) "Supplemental Savings Account" means an account established by an Employer,
pursuant to Section 5.05 of the Plan, with respect to a Participant's
Supplemental Savings Benefit.

(z) "Supplemental Savings Benefit" means the benefit credited to a Participant's
Supplemental Savings Account pursuant to Section 4.05 of the Plan.

                                   Article III
                                  Participation

Section 3.01  Participation.
              -------------

(a) An Eligible Individual shall become a Participant in the Plan upon
designation as such by the Board of Directors. An Eligible Individual whom the
Board of Directors designates as a Participant in the Plan shall commence
participation as of the date established by the Board of Directors. The Board of
Directors shall establish an Eligible Individual's date of participation at the
same time it designates the Eligible Individual as a Participant in the Plan.

(b) The Board of Directors may designate an Eligible Individual as a Participant
with respect to any or all supplemental benefits provided for under Article IV
of the Plan.

                                       4

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                                   Article IV
                                    Benefits

Section 4.01   Supplemental ESOP Benefit.
               -------------------------

As of the last day of each plan year of the ESOP, the Employer shall credit a
Participant's Supplemental ESOP Account with a Supplemental ESOP Benefit equal
to the excess of (a) over (b), where:

(a)  equals the annual contributions made by the Employer and/or the number of
shares of Common Stock released for allocation in connection with the repayment
of an ESOP Acquisition Loan, together with any forfeitures, earnings or
dividends, that would otherwise be allocated to the accounts of the Participant
under the ESOP for the applicable plan year if the provisions of the ESOP were
administered without regard to any of the Applicable Limitations; and

(b)  equals the annual contributions made by the Employer and/or the number of
shares of common stock released for allocation in connection with the repayment
of an ESOP Acquisition Loan, together with any forfeitures, earnings or
dividends, that are actually allocated to the accounts of the Participant under
the ESOP for that particular plan year after giving effect to any reduction of
such benefits required by, or as the result of, the limitations imposed by any
of the Applicable Limitations.

Section 4.02   ESOP Restoration Benefit.
               ------------------------

(a)  Upon a Change in Control, the Employer shall credit to the Participant's
     ESOP Restoration Benefit Account an ESOP Restoration Benefit equal to (i)
     less (ii), the result of which is multiplied by (iii), where:

     (i)  Equals the total number of shares of Common Stock acquired with the
          proceeds of all ESOP Acquisition Loans (together with any dividends,
          cash proceeds, or other medium related to such ESOP Acquisition Loans)
          that would have been allocated or credited for the benefit of the
          Participant under the ESOP and/or this Plan, as the case may be, had
          the Participant continued in the employ of the Employer through the
          first ESOP Valuation Date following the last scheduled payment of
          principal and interest on all ESOP Acquisition Loans outstanding at
          the time of the Change in Control; and

     (ii) Equals the total number of shares of Common Stock acquired with the
          proceeds of all ESOP Acquisition Loans (together with any dividends,
          cash proceeds, or other medium related to such ESOP acquisition Loans)
          and allocated for the benefit of the Participant under the ESOP and/or
          this Plan as of the first ESOP Valuation Date following the Change in
          Control; and

                                       5

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     (iii) Equals the fair market value of the Common Stock immediately
           preceding the Change in Control:

(b)  For purposes of clause (i) of subsection (a) of this Section 4.02, the
     total number of shares of Common Stock shall be determined by multiplying
     the sum of (i) and (ii) by (iii), where:

     (i)   equals the average of the total shares of Common Stock acquired with
           the proceeds of an ESOP Acquisition Loan and allocated for the
           benefit of the Participant under the ESOP as of three most recent
           ESOP Valuation Dates preceding the Change in Control (or lesser
           number if the Participant has not participated in the ESOP for three
           full years),

     (ii)  equals the average number of shares of Common Stock credited to the
           Participant's Supplemental ESOP Account for the three most recent
           plan years of the ESOP (such that the three recent plan years
           coincide with the three most recent ESOP Valuation Dates referred to
           in (i) above); and

     (iii) equals the original number of scheduled annual payments on the ESOP
           Acquisition Loans.

Section 4.03  Supplemental Savings Benefit.
              ----------------------------

A Participant's Supplemental Savings Benefit under the Plan shall be equal to
the excess of (a) over (b), where:

(a)  equals the matching contributions that would otherwise be allocated to an
account of the Participant under the Savings Plan for a particular year if the
Participant were deferring the maximum amount permissible under the Savings Plan
(either by operation or by the terms of the plan) and the provisions of the
Savings Plan were administered without regard to any of the Applicable
Limitations; and

(b)  equals the matching contributions made by the Employer that are actually
allocated to an account of the Participant under the provisions of the Savings
Plan for that particular year after giving effect to any reduction of such
allocation required by any of the Applicable Limitations.

The Employer shall credit the Participant's Supplemental Savings Benefit to a
Supplemental Savings Benefit Account pursuant to Section 5.03 of the Plan.

                                       6

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                                    Article V
                                    Accounts

Section 5.01   Supplemental ESOP Benefit Account.
               ---------------------------------

For each Participant who is credited with a benefit pursuant to Section 4.01 of
the Plan, the Employer shall establish, as a memorandum account on its books, a
Supplemental ESOP Account. Each year, the Committee shall credit to the
Participant's Supplemental ESOP Account the amount of benefits determined under
Section 4.01 of the Plan for that year. The Employer shall credit the account
with an amount equal to the appropriate number of shares of Common Stock or
other medium of contribution that would have otherwise been made to the
Participant's accounts under the ESOP but for the Applicable Limitations. Shares
of Common Stock shall be valued under this Plan in the same manner as under the
ESOP. Cash and other (non-stock) contributions credited to a Participant's
Supplemental ESOP Account shall be credited annually with interest at a rate
equal to the investment rate of return provided to the Participant's non-stock
accounts under the ESOP.

Section 5.02   ESOP Restoration Benefit Account.
               --------------------------------

The Employer shall establish, as a memorandum account on its books, an ESOP
Restoration Benefit Account. In the event of a Change in Control, the Committee
shall credit to the Participant's ESOP Restoration Benefit Account the amount of
benefits determined under Section 4.02 of the Plan. The Committee shall credit
the account with an amount equal to the appropriate number of shares of Common
Stock or other medium of contribution that would have otherwise been made to the
Participant's accounts under the ESOP but for the occurrence of the Change in
Control. Shares of Common Stock shall be valued under this Plan in the same
manner as under the ESOP. Cash and other (non-stock) contributions credited to a
Participant's ESOP Restoration Benefit Account shall be credited annually with
interest at a rate equal to the investment rate of return provided to the
Participant's non-stock accounts under the ESOP.

Section 5.03   Supplemental Savings Account.
               ----------------------------

For each Participant who is credited with a benefit pursuant to Section 4.03 of
the Plan, the Employer shall establish, as a memorandum account on its books, a
Supplemental Savings Account. Each year the Employer will credit to the
Participant's Supplemental Savings Account the amount of benefits determined
under Section 4.03 of the Plan. Contributions credited to a Participant's
Supplemental Savings Account shall be credited monthly with interest at a rate
equal to the investment rate of return provided to the Participant's matching
contribution account under the Basic Savings Plan.

                                       7

<PAGE>

                                   Article VI
                          Supplemental Benefit Payments

Section 6.01   Payment of Supplemental ESOP Benefit.
               ------------------------------------

(a)  A Participant's Supplemental ESOP Benefit shall be paid to the Participant
     or, in the event of the Participant's death, to his beneficiary, in the
     same form, time and medium (i.e., cash and/or shares of Common Stock) as
     his benefits are paid under the ESOP.

(b)  A Participant shall have a non-forfeitable right to the Supplemental ESOP
     Benefit credited to him under this Plan in the same percentage as he has to
     benefits allocated to him under the ESOP at the time the benefits become
     distributable to him under the ESOP.

Section 6.02   Payment of ESOP Restoration Benefit.
               -----------------------------------

(a)  A Participant's ESOP Restoration Benefit shall be paid to the Participant
     or, in the event of the Participant's death, to his beneficiary, in the
     same form, time and medium (i.e., cash and/or shares of Common Stock) as
     his benefits are paid under the ESOP.

(b)  A Participant shall always have a fully non-forfeitable right to the ESOP
     Restoration Benefit credited to him under this Plan.

Section 6.03   Payment of Supplemental Savings Benefit.
               ---------------------------------------

(a)  A Participant's Supplemental Savings Benefit shall be paid to the
     Participant or, in the event of the Participant's death, to his
     beneficiary, in the same form, and at the same time as his benefits are
     paid under the Savings Plan.

(b)  A Participant shall have a non-forfeitable right to his Supplemental
     Savings Benefit under this Plan in the same percentage as he has to his
     benefits under the Savings Plan at the time the benefits become
     distributable to him under the Savings Plan.

Section 6.04   Alternative Payment of Benefits
               -------------------------------

Notwithstanding the other provisions of this Article VI, a Participant may, with
prior written consent of the Committee and upon such terms and conditions as the
Committee may impose, request that the Supplemental ESOP Benefit and/or the ESOP
Restoration Benefit and/or the Supplemental Savings Benefit to which he is
entitled, be paid commencing at a different time, over a different period, in a
different form, or to different persons, than the benefit to which he or his
beneficiary may be entitled under the ESOP, or the Savings Plan, as the case may
be.

                                        8

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Section 6.05   Hardships
               ---------

Notwithstanding the foregoing, the Committee may, at its sole discretion, allow
for the early payment of a Participant's Supplemental ESOP Benefit and/or
Supplemental Savings Account in the event of an "unforeseeable emergency" or in
the event of the death or disability of the Participant. An "unforeseeable
emergency" means an unanticipated emergency caused by an event beyond the
control of the Participant that would result in severe financial hardship if the
distribution were not permitted. Such distributions shall be limited to the
amount necessary to sufficiently address the financial hardship. Any
distributions under this provision, shall be consistent with the Code and any
applicable regulations.

                                   Article VII
                                Claims Procedures

Section 7.01   Claims Reviewer.
               ---------------

For purposes of handling claims with respect to this Plan, the "Claims Reviewer"
shall be the Committee, unless the Committee designates another person or group
of persons as Claims Reviewer.

Section 7.02   Claims Procedure.
               ----------------

(a) An initial claim for benefits under the Plan must be made by the Participant
or his beneficiary or beneficiaries in accordance with the terms of this Section
7.02.

(b) Not later than ninety (90) days after receipt of such a claim, the Claims
Reviewer will render a written decision on the claim to the claimant, unless
special circumstances require the extension of such 90-day period. If such
extension is necessary, the Claims Reviewer shall provide the Participant or the
Participant's beneficiary or beneficiaries with written notification of such
extension before the expiration of the initial 90-day period. Such notice shall
specify the reason or reasons for the extension and the date by which a final
decision can be expected. In no event shall such extension exceed a period of
ninety (90) days from the end of the initial 90-day period.

(c) In the event the Claims Reviewer denies the claim of a Participant or any
beneficiary in whole or in part, the Claims Reviewer's written notification
shall specify, in a manner calculated to be understood by the claimant, the
reason for the denial; a reference to the Plan or other document or form that is
the basis for the denial; a description of any additional material or
information necessary for the claimant to perfect the claim; an explanation as
to why such information or material is necessary; and an explanation of the
applicable claims procedure.

                                       9

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(d) Should the claim be denied in whole or in part and should the claimant be
dissatisfied with the Claims Reviewer's disposition of the claimant's claim, the
claimant may have a full and fair review of the claim by the Committee upon
written request submitted by the claimant or the claimant's duly authorized
representative and received by the Committee within sixty (60) days after the
claimant receives written notification that the claimant's claim has been
denied. In connection with such review, the claimant or the claimant's duly
authorized representative shall be entitled to review pertinent documents and
submit the claimant's views as to the issues, in writing. The Committee shall
act to deny or accept the claim within sixty (60) days after receipt of the
claimant's written request for review unless special circumstances require the
extension of such 60-day period. If such extension is necessary, the Committee
shall provide the claimant with written notification of such extension before
the expiration of such initial 60-day period. In all events, the Committee shall
act to deny or accept the claim within 120 days of the receipt of the claimant's
written request for review. The action of the Committee shall be in the form of
a written notice to the claimant and its contents shall include all of the
requirements for action on the original claim.

(e) In no event may a claimant commence legal action for benefits the claimant
believes are due the claimant until the claimant has exhausted all of the
remedies and procedures afforded the claimant by this Article VII.

                                  Article VIII
                            Amendment and Termination

Section 8.01   Amendment of the Plan.
               ---------------------

The Company may from time to time and at any time amend the Plan; provided,
however, that such amendment may not adversely affect the rights of any
Participant or beneficiary with respect to any benefit under the Plan to which
the Participant or beneficiary may have previously become entitled prior to the
effective date of such amendment without the consent of the Participant or
beneficiary. The Committee shall be authorized to make minor or administrative
changes to the Plan, as well as amendments required by applicable federal or
state law (or authorized or made desirable by such statutes); provided, however,
that such amendments must subsequently be ratified by the Board of Directors.

Section 8.02   Termination of the Plan.
               -----------------------

The Company may at any time terminate the Plan; provided, however, that such
termination may not adversely affect the rights of any Participant or
beneficiary with respect to any benefit under the Plan to which the Participant
or beneficiary may have previously become entitled prior to the effective date
of such termination without the consent of the Participant or beneficiary. Any
amounts credited to the supplemental accounts of any Participant shall remain
subject to the provisions of the Plan and no distribution of benefits shall be
accelerated because of termination of the Plan.

                                       10

<PAGE>

                                   Article IX
                               General Provisions

Section 9.01   Unfunded, Unsecured Promise to Make Payments in the Future.
               ----------------------------------------------------------

The right of a Participant or any beneficiary to receive a distribution under
this Plan shall be an unsecured claim against the general assets of the Company
or its Affiliates and neither a Participant nor his designated beneficiary or
beneficiaries shall have any rights in or against any amount credited to any
account under this Plan or any other assets of the Company or an Affiliate. The
Plan at all times shall be considered entirely unfunded both for tax purposes
and for purposes of Title I of ERISA. Any funds invested hereunder shall
continue for all purposes to be part of the general assets of the Company or an
Affiliate and available to its general creditors in the event of
Associationruptcy or insolvency. Accounts under this Plan and any benefits which
may be payable pursuant to this Plan are not subject in any manner to
anticipation, sale, alienation, transfer, assignment, pledge, encumbrance,
attachment, or garnishment by creditors of a Participant or a Participant's
beneficiary. The Plans constitute a mere promise by the Company or Affiliate to
make benefit payments in the future. No interest or right to receive a benefit
may be taken, either voluntarily or involuntarily, for the satisfaction of the
debts of, or other obligations or claims against, such Participant or
beneficiary, including claims for alimony, support, separate maintenance and
claims in Associationruptcy proceedings.

Section 9.02   Committee as Plan Administrator.
               -------------------------------

(a) The Plan shall be administered by the Committee designated by the Board of
Directors.

(b) The Committee shall have the authority, duty and power to interpret and
construe the provisions of the Plan as it deems appropriate. The Committee shall
have the duty and responsibility of maintaining records, making the requisite
calculations and disbursing the payments hereunder. In addition, the Committee
shall have the authority and power to delegate any of its administrative duties
to employees of the Association or Affiliate, as they may deem appropriate. The
Committee shall be entitled to rely on all tables, valuations, certificates,
opinions, data and reports furnished by any actuary, accountant, controller,
counsel or other person employed or retained by the Company with respect to the
Plan. The interpretations, determination, regulations and calculations of the
Committee shall be final and binding on all persons and parties concerned.

Section 9.03   Expenses.
               --------

Expenses of administration of the Plan shall be paid by the Company or an
Affiliate.

Section 9.04   Statements.
               ----------

The Committee shall furnish individual annual statements of accrued benefits to
each Participant, or current beneficiary, in such form as determined by the
Committee or as required by law.

                                       11

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Section 9.05   Rights of Participants and Beneficiaries.
               ----------------------------------------

(a) The sole rights of a Participant or beneficiary under this Plan shall be to
have this Plan administered according to its provisions, to receive whatever
benefits he or she may be entitled to hereunder.

(b) Nothing in the Plan shall be interpreted as a guaranty that any funds in any
trust which may be established in connection with the Plan or assets of the
Company or an Affiliate will be sufficient to pay any benefit hereunder.

(c) The adoption and maintenance of this Plan shall not be construed as creating
any contract of employment or service between the Company or an Affiliate and
any Participant or other individual. The Plan shall not affect the right of the
Company or an Affiliate to deal with any Participants in employment or service
respects, including their hiring, discharge, compensation, and conditions of
employment or other service.

Section 9.06   Incompetent Individuals.
               -----------------------

The Committee may from time to time establish rules and procedures which it
determines to be necessary for the proper administration of the Plan and the
benefits payable to a Participant or beneficiary in the event that such
Participant or beneficiary is declared incompetent and a conservator or other
person legally charged with that Participant's or beneficiary's care is
appointed. Except as otherwise provided herein, when the Committee determines
that such Participant or beneficiary is unable to manage his or her financial
affairs, the Committee may pay such Participant's or beneficiary's benefits to
such conservator, person legally charged with such Participant's or
beneficiary's care or institution then contributing toward or providing for the
care and maintenance of such Participant or beneficiary. Any such payment shall
constitute a complete discharge of any liability of the Company or an Affiliate
and the Plan for such Participant or beneficiary.

Section 9.07   Sale, Merger, or Consolidation of the Employer.
               ----------------------------------------------

The Plan shall be continued after a sale of assets of the Company or the
Association or a merger or consolidation of the Company or the Association into
or with another corporation or entity until all benefits have been paid pursuant
to the Plan. Additionally, upon a merger, consolidation or other Change in
Control any amounts credited to Participant's accounts under the Plan shall be
placed in a grantor trust to the extent not already in such a trust. Any legal
fees incurred by a Participant in determining benefits to which he is entitled
under the Plan following a sale, merger, consolidation or other Change in
Control of the Company or the Association shall be paid by the resulting or
succeeding entity.

                                       12

<PAGE>

Section 9.08   Location of Participants.
               ------------------------

Each Participant shall keep the Company informed of his current address and the
current address of his designated beneficiary or beneficiaries. The Company
shall not be obligated to search for any person. If such person is not located
within three (3) years after the date on which payment of the
Participant's benefits payable under this Plan may first be made, payment may be
made as though the Participant or his beneficiary had died at the end of such
three-year period.

Section 9.09   Liability of the Association and its Affiliates.
               -----------------------------------------------

Notwithstanding any provision herein to the contrary, neither the Association
nor any individual acting as an employee or agent of the Association shall be
liable to any Participant, former Participant, beneficiary, or any other person
for any claim, loss, liability or expense incurred in connection with the Plan,
unless attributable to fraud or willful misconduct on the part of the
Association or any such employee or agent of the Association.

Section 9.10   Governing Law.
               -------------

All questions pertaining to the construction, validity and effect of the Plan
shall be determined in accordance with the laws of the United States and to the
extent not preempted by such laws, by the laws of the State of Connecticut.

Section 9.11   Required Provisions
               -------------------

(a) An Employer may terminate a Participant's employment at any time, but any
termination by the Employer, other than Termination for Cause, shall not
otherwise prejudice the Participant's right to compensation or other benefits
under this Plan.

(b) If a Participant is suspended and/or temporarily prohibited from
participating in the conduct of the Association's affairs by a notice served
under Sections 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act, 12
U.S.C. (S) 1818(e)(3) or (g)(1), the Association's obligations under this Plan
shall be suspended as of the date of service, unless stayed by appropriate
proceedings. If the charges in the notice are dismissed, the Association may in
its discretion (i) pay the Participant all or part of the compensation withheld
while the obligations were suspended and (ii) reinstate (in whole or in part)
any of the obligations which were suspended.

(c) If a Participant is removed and/or permanently prohibited from participating
in the conduct of the Association's affairs by an order issued under Sections
8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act, 12 U.S.C. (S) 1818(e)
(4) or (g)(1), all obligations of the Association under this Plan shall
terminate as of the effective date of the order.

(d) If the Association is in default, as defined in Section 3(x)(1) of the
Federal Deposit Insurance Act, 12 U.S.C. (S) 1813(x)(1), all obligations of the
Association under this Plan shall terminate as of

                                       13

<PAGE>

the date of default; provided, however, that this paragraph shall not affect any
vested rights of the parties to this Plan.

(e) Any payments made to a Participant pursuant to this Plan, or otherwise, are
subject to and conditioned upon their compliance with 12 U.S.C. (S) 1828(k) and
any regulations promulgated thereunder.

Enfield Federal Savings and Loan Association has adopted this SERP, to be
executed by a designee of the Board and duly attested, on this the ___ day of
_________________, 2002.

ATTEST:                               ENFIELD FEDERAL SAVINGS AND
                                       LOAN ASSOCIATION

__________________________            __________________________________________
                                      For the Entire Board of Directors

                                       14<PAGE>
                                                                    Exhibit 10.8

The following outside directors have entered into a Directors Fee Continuation
Agreement with Enfield Federal Savings and Loan Association: Edward C. Allen;
Peter T. Dow; Myron J. Marek; Robert T. Mercik; Dorothy K. McCarty; Richard K.
Stevens; and Richard M. Tatoian.

<PAGE>

                                     FORM OF
                      DIRECTORS FEE CONTINUATION AGREEMENT

AGREEMENT made this ___ day of ______ , 1995 between _______________(hereinafter
referred to as the "Director") and Enfield Federal Savings and Loan Association,
a corporation of the State of Connecticut having its principal office at 600
Enfield Street, Enfield, Connecticut (hereinafter referred to as the
"Corporation"):

WHEREAS, the Director has rendered valuable services to the Corporation in the
past; and

WHEREAS, it is considered vital to the Corporation's continued success that it
continue to have the services of the Director until retirement.

NOW, THEREFORE, in the consideration of these premises and the covenants and
agreements herein set forth, the parties hereto covenant and agree as follows:

FIRST:   Whenever used in this Agreement, "Retirement Date" shall mean:

         The Plan Entry Date nearest a Director's 70/th/ birthday.

         Whenever used in this Agreement, "Plan Entry Date" shall mean:

         June 1 of each year.

SECOND:  If the Director is alive and in the employ of the Corporation on his
Retirement Date, the Corporation shall make annual payments to the Director in
an amount equal to one thousand dollars ($1,000) for each full year of service
as a Director from June 1, 1995 plus two hundred fifty dollars ($250) for each
full year of service as a Director prior to June 1, 1995, but in no event shall
the annual payment exceed six thousand dollars ($6,000).

Said payments shall be made as soon as practical after the Retirement Date, and
annually thereafter for a total of ten (10) payments.

If the Director dies after Retirement Date but before the said ten (10) payments
certain have been completed, the Corporation shall pay, at its option either:

    a)   the commuted value (discounted at 7%) of the payments for the remainder
         of such period to the beneficiary designated by the Director under
         Paragraph Third hereof, or

    b)   the remaining benefits payable to the beneficiary designated by the
         Director under Paragraph Third hereof.

THIRD:   If the Director dies while a Director of the Corporation and before the
Retirement Date, then, the Corporation shall pay a benefit equal to the commuted
value (discounted at 7%) of the 10 annual benefit payments to which the Director
would have been entitled had he lived to the

<PAGE>

Retirement Date under Paragraph First hereof. Said benefit shall be paid to the
Director's primary beneficiary in a lump sum within 60 days of the death of the
Director, unless the Corporation shall elect to pay said benefits in
installments, in which event the total benefit shall be paid in ten (10) equal
annual installments of beginning on the first day of the month following the
death of the Director. The Director shall have the right to name and change the
primary beneficiary designation and to designate a contingent beneficiary by
appropriate written notice delivered to the Corporation. If there is no
beneficiary designated to receive said benefit, or if the designated beneficiary
and contingent beneficiary have predeceased the Director, then the benefit shall
be payable in a lump sum to the estate of the Director within thirty (30) days
after the qualification of the personal representative of the estate of the
Director. Upon the death of the primary beneficiary during the period in which
installment payments are being received hereunder, the unpaid installments shall
be paid to the contingent beneficiary in the same manner as they had been paid
to the primary beneficiary. Upon the death of both primary and contingent
beneficiaries prior to the payment of all of the aforesaid installment payments,
the discounted value of any such installment payments remaining unpaid shall be
paid to the estate of the beneficiary who was then receiving installment
payments hereunder within thirty (30) days after the qualification of the
personal representative of the estate.

FOURTH:  This Agreement is unfunded.

FIFTH:   Neither the Director, 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 or any
such beneficiary, by a 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 Director, his/her spouse, or any other beneficiary hereunder. Any
such attempted assignment or transfer shall be void and shall terminate this
agreement, and the Corporation shall thereupon have no further liability
hereunder.

SIXTH:   The Corporation agrees that it will not merge or consolidate with any
other organization, or permit its business activities to be taken over by any
other organization unless and until such succeeding or continuing organization
shall expressly assume the duties of the Corporation set forth in this
agreement.

SEVENTH: During the lifetime of the Director, this agreement may be amended or
revoked at any time or times, in whole or in part, by the mutual written
agreement of the Director and the Corporation, which writing shall refer
specifically to this agreement.

EIGHTH:  This agreement shall be governed by the laws of the State of
         Connecticut.

NINTH:   In the event that any term or condition in the agreement shall, for any
reason, be held by a court of competent jurisdiction to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other term or condition of this agreement, but this
agreement shall be construed as if such invalid or illegal or unenforceable term
or condition had never been contained herein.

                                       2

<PAGE>

TENTH:   This agreement shall be binding upon the beneficiaries, heirs,
executors and administrators of the Director and upon the successors and assigns
fo the Corporation.

IN WITNESS WHEREOF, signed and sealed on the date first above written.

WITNESS:                                        ENFIELD FEDERAL SAVINGS
                                                AND LOAN ASSOCIATION

----------------------                          By______________________________

WITNESS:

______________________                          __________________________
                                                Director

                                       3

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