Document:

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                                                                    EXHIBIT 10.7

                                 ROCKVILLE BANK
                        CHANGE IN CONTROL SEVERANCE PLAN

INTRODUCTION

      The Boards of Directors (the "Board") of Rockville Bank (the "Bank") and
Rockville Financial, Inc. (the "Company") recognize that, as is the case with
many publicly held corporations, there exists the possibility of a Change in
Control of the Bank or the Company. This possibility and the uncertainty it
creates may result in the loss or distraction of employees, to the detriment of
the Bank, the Company and the shareholders of the Company.

      The Board considers the avoidance of such loss and distraction to be
essential to protecting and enhancing the best interests of the Bank, the
Company and the shareholders of the Company. The Board also believes that when a
Change in Control is perceived as imminent, or is occurring, the Board should be
able to receive and rely on disinterested service from employees regarding the
best interests of the Bank, the Company and the shareholders of the Company,
without concern that employees might be distracted or concerned by the personal
uncertainties and risks created by the perception of an imminent or occurring
Change in Control.

      In addition, the Board believes that it is consistent with the Bank's
employment practices and policies and in the best interests of the Company and
its shareholders to treat fairly its employees whose employment terminates in
connection with or following a Change in Control.

      Accordingly, the Board has determined that appropriate steps should be
taken to assure the Bank of the continued employment and attention and
dedication to duty of its employees and to seek to ensure the availability of
their continued service, notwithstanding the possibility, threat, or occurrence
of a Change in Control.

      Therefore, in order to fulfill the above purposes, the following plan has
been developed and is hereby adopted.

                                    ARTICLE I

                              ESTABLISHMENT OF PLAN

      As of the Effective Date, the Employer hereby establishes a separation
compensation plan known as the Rockville Bank Change in Control Severance Plan,
as set forth in this document.

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                                   ARTICLE II

                                   DEFINITIONS

      As used herein, the following words and phrases shall have the following
respective meanings unless the context clearly indicates otherwise.

      (a) ANNUAL INCENTIVE AWARD. The annual cash incentive, if any, that a
Participant is eligible to earn pursuant to the Bank's incentive plan.

      (b) ANNUAL SALARY. The Participant's regular annual base salary
immediately prior to his or her termination of employment, including
compensation converted to other benefits under a flexible pay arrangement
maintained by the Bank or deferred pursuant to a written plan or agreement with
the Bank.

      (c) BANK. Rockville Bank and its subsidiaries and any successors thereto.

      (d) BOARD. The Board of Directors of the Bank.

      (e) CAUSE. With respect to any Participant: (i) the willful and continued
failure by the Participant to substantially perform the Participant's duties
with the Bank (other than any such failure resulting from the Participant's
incapacity due to physical or mental illness or Disability) which failure is
demonstrably and materially damaging to the financial condition or reputation of
the Company, the Bank and/or their affiliates, and which failure continues more
than 48 hours after a written demand for substantial performance is delivered to
the Participant by the Chief Executive Officer of the Bank or his designee,
which demand specifically identifies the manner in which the Chief Executive
Officer or his designee believes that the Participant has not substantially
performed the Participant's duties and the demonstrable and material damage
caused thereby or (B) the willful engaging by the Participant in conduct which
is demonstrably and materially injurious to the Company, the Bank or their
affiliates, monetarily or otherwise. No act, or failure to act, on the
Participant's part shall be deemed "willful" unless done, or omitted to be done,
by the Participant not in good faith and without reasonable belief that the
Participant's action or omission was in the best interest of the Bank and the
Company.

      (f) CHANGE IN CONTROL. The occurrence of any of the following events:

                  (i) the Company, or the mutual holding company parent of the
                  Company, whether it remains a mutual holding company or
                  converts to the stock form of organization (the "Mutual
                  Holding Company"), merges into or consolidates with another
                  corporation, or merges another corporation into the Company or
                  the Mutual Holding Company, and as a result, with respect to
                  the Company, less than a majority of the combined voting power
                  of the resulting corporation immediately after the merger or
                  consolidation is held by "Persons" as such term is used for
                  purposes of Section 13(d) or 14(d) of the Securities Exchange
                  Act of 1934, as

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                  amended (the "Exchange Act") who were stockholders of the
                  Company immediately before the merger or consolidation or,
                  with respect to the Mutual Holding Company, less than a
                  majority of the directors of the resulting corporation
                  immediately after the merger or consolidation were directors
                  of the Mutual Holding Company immediately before the merger or
                  consolidation;

                  (ii) following a conversion of the Mutual Holding Company to
                  the stock form of organization, any Person (other than any
                  trustee or other fiduciary holding securities under an
                  employee benefit plan of the Bank or the Company), becomes the
                  "Beneficial Owner" (as defined in Rule 13d-3 under the
                  Exchange Act), directly or indirectly, of securities of the
                  resulting corporation representing 25% or more of the combined
                  voting power of the resulting corporation's then-outstanding
                  securities;

                  (iii) during any period of twenty-four months (not including
                  any period prior to the Effective Date of this Plan),
                  individuals who at the beginning of such period constitute the
                  board of directors of the Company, and any new director (other
                  than (A) a director nominated by a Person who has entered into
                  an agreement with the Company to effect a transaction
                  described in Sections (i), (ii) or (iv) hereof, (B) a director
                  nominated by any Person (including the Company) who publicly
                  announces an intention to take or to consider taking actions
                  (including, but not limited to, an actual or threatened proxy
                  contest) which if consummated would constitute a Change in
                  Control or (C) a director nominated by any Person who is the
                  Beneficial Owner, directly or indirectly, of securities of the
                  Company representing 25% or more of the combined voting power
                  of the Company's securities) whose election by the board of
                  directors of the Company or nomination for election by the
                  Company's stockholders was approved in advance by a vote of at
                  least two-thirds (2/3) 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, cease for any reason to constitute at least a
                  majority thereof;

                  (iv) the stockholders of the Company approve a plan of
                  complete liquidation of the Company or an agreement for the
                  sale or disposition by the Company of all or substantially all
                  of the Company's assets; or

                  (v) the board of directors of the Company adopts a resolution
                  to the effect that, for purposes of this Plan, a Change in
                  Control has occurred.

      (g) COBRA. The Consolidated Omnibus Reconciliation Act of 1985, as amended
from time to time.

      (h) CODE. The Internal Revenue Code of 1986, as amended from time to time.

                                      -3-

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      (i) COMMITTEE. The Human Resources Committee of the Board.

      (j) COMPANY. Rockville Financial Inc. and any successor thereto.

      (k) DATE OF THE CHANGE IN CONTROL. The date on which a Change in Control
occurs.

      (l) DATE OF TERMINATION. The date on which a Participant ceases to be an
Employee.

      (m) DISABILITY. A termination of a Participant's Employment for disability
within the meaning of Section 409A of the Code and the regulations thereunder.

      (n) EFFECTIVE DATE. The date specified in the resolution of the Board
adopting this Plan.

      (o) EMPLOYEE. A person in the employ of the Bank who is not a party to an
employment or change in control agreement with the Bank as of the Date of
Termination. Notwithstanding the foregoing, individuals who are considered by
the Bank to be independent contractors or non-benefits employees, even if they
are determined to be employees of the Bank for any other purpose, shall not be
eligible to participate in the Plan. The characterization in the Bank's records
of the relationship between the individual and the Bank shall be conclusive as
to the individual's status for purposes of this Plan.

      (p) EMPLOYMENT. The state of being an Employee.

      (q) ERISA. The Employee Retirement Income Security Act of 1974, as
amended, and the regulations thereunder.

      (r) GOOD REASON. With respect to any Participant, (i) without the
Participant's express written consent, the assignment to the Participant of any
duties inconsistent in any respect with the Participant's position (including
status, offices, titles, and reporting requirements), authority, duties, or
responsibilities immediately before the Change in Control, or any other action
by the Bank which results in a significant diminution in such position,
authority, duties, or responsibilities, excluding for this purpose an isolated,
insubstantial and inadvertent action not taken in bad faith and which is
remedied by the Bank promptly after receipt of notice thereof given by the
Participant; (ii) any material reduction in the Participant's Annual Salary,
other than as a result of an isolated and inadvertent action not taken in bad
faith and which is remedied by the Bank promptly after receipt of notice thereof
given by the Participant; (iii) the Bank's requiring the Participant to relocate
his or her principal place of business to a place which is more than fifty miles
from his or her previous principal place of business; (iv) any purported
termination of the Plan otherwise than as expressly permitted by the Plan; or
(v) any failure by the Bank or the Company to comply with and satisfy Article V
of the Plan.

      (s) HIGHEST ANNUAL INCENTIVE AWARD . With respect to any Participant who
is entitled to annual incentive compensation, the greater of (i) the portion of
the Participant's annual target incentive compensation potentially payable in
cash to the Participant (i.e., excluding the portion payable in stock or in
other non-cash awards) for the year of termination or

                                       -4-

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(ii) the portion of the Participant's annual incentive compensation that became
payable in cash to the Participant (i.e., excluding the portion payable in stock
or in other non-cash awards) for the latest year preceding the year of
termination based on performance actually achieved in that latest year.

      (t) PARTICIPANT. An individual who is designated as such pursuant to
Section 3.1.

      (u) PLAN. The Rockville Bank Change in Control Severance Plan.

      (v) PLAN ADMINISTRATOR. The Human Resources Committee of the Board shall
be the Plan Administrator, except that any action authorized to be taken by the
Plan Administrator may also be taken by any committee or person(s) duly
authorized by the Human Resources Committee of the Board or the duly authorized
delegees of such duly authorized committee or person(s).

      (w) POTENTIAL CHANGE IN CONTROL. A "Potential Change in Control" shall be
deemed to have occurred if: (i) the Company enters into an agreement, the
consummation of which would result in the occurrence of a Change in Control;
(ii) any Person (as such term is used for purposes of Section 13(d) or 14(d) of
the Securities Exchange Act of 1934, as amended), including the Company,
publicly announces an intention to take or to consider taking actions which if
consummated would constitute a Change in Control; or (iii) the Board adopts a
resolution to the effect that, for purposes of this Plan, a Potential Change in
Control has occurred.

      (x) RETIREMENT. A termination by Retirement shall have occurred where a
Participant's termination is due to his or her late, normal, or early retirement
within the meaning provided under the qualified retirement plan sponsored by the
Bank, regardless of whether such Participant shall be eligible to participate in
such qualified retirement plan.

      (y) SEPARATION BENEFITS. The benefits described in Section 4.2 that are
provided to qualifying Participants under the Plan.

      (z) SEPARATION PERIOD. The period of weeks determined by multiplying a
Participant's Years of Service as of the Date of Termination by two. For
example, the Separation Period for a Participant who had five Years of Service
as of the Participant's Date of Termination would be ten weeks.

      (aa) WARN ACT. The Worker Adjustment and Retraining Notification Act, as
amended, 29 U.S.C. Sections 2101 - 2109, and any similar state law.

      (bb) YEARS OF SERVICE. With respect to any Participant, the number of
years of service that are credited to the Participant for vesting purposes under
the Bank's 401(k) Plan.

                                      -5-

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                                   ARTICLE III

                                   ELIGIBILITY

      3.1 PARTICIPATION. Each Employee who has completed one or more Years of
Service as of the Date of the Change in Control shall be a Participant in the
Plan.

      3.2 DURATION OF PARTICIPATION. A Participant shall only cease to be a
Participant in the Plan as a result of an amendment or termination of the Plan
complying with Article VI of the Plan, or when he or she ceases to be an
Employee of the Bank, unless, at the time he or she ceases to be an Employee,
such Participant is entitled to payment of a Separation Benefit as provided in
the Plan or there has been an event or occurrence that constitutes Good Reason
that would enable the Participant to terminate his or her Employment and receive
a Separation Benefit. A Participant entitled to payment of a Separation Benefit
or any other amounts under the Plan shall remain a Participant in the Plan until
the full amount of the Separation Benefit and any other amounts payable under
the Plan have been paid to the Participant.

                                   ARTICLE IV

                               SEPARATION BENEFITS

      4.1 TERMINATIONS OF EMPLOYMENT WHICH GIVE RISE TO SEPARATION BENEFITS
UNDER PLAN. A Participant shall be entitled to Separation Benefits as set forth
in Section 4.2 below if, at any time before the second anniversary of the Date
of the Change in Control, the Participant's Employment is terminated (i) by the
Company for any reason other than Cause, Death, Disability, or Retirement; or
(ii) by the Participant within sixty days after the occurrence of Good Reason.

      4.2 SEPARATION BENEFITS

      (a) If a Participant's employment is terminated under circumstances
entitling the Participant to Separation Benefits as provided in Section 4.1, the
Bank shall pay such Participant, within ten days of the Date of Termination, a
cash lump sum as set forth in subsection (b) below and provide for the continued
benefits set forth in subsection (c) below. For purposes of determining the
benefits set forth in subsection (b), if the termination of the Participant's
employment is for Good Reason after there has been a reduction of the
Participant's Annual Salary, such reduction shall be ignored.

      (b) The cash lump sum referred to in Section 4.2(a) is the aggregate of
the following amounts:

            (i)   the sum of (1) the Participant's Annual Salary through the
                  Date of Termination to the extent not theretofore paid, (2)
                  the product of (x) the Participant's Highest Annual Incentive
                  Award and (y) a fraction, the numerator of which is the number
                  of days in the year of termination through the Date of
                  Termination, and the denominator of which is 365,

                                       -6-

<PAGE>

                  and (3) any accrued vacation pay, to the extent not
                  theretofore paid and in full satisfaction of the rights of the
                  Participant thereto; and

            (ii)  an amount equal to 1/26th of the sum of (1) the Participant's
                  Annual Salary and (2) the Participant's Highest Annual
                  Incentive Award, multiplied by the Participant's Years of
                  Service.

      (c) If the Participant elects to receive after the Date of Termination
continued coverage under the Bank's health plan in accordance with COBRA, the
Bank will subsidize the cost of such COBRA continuation coverage during the
Separation Period such that the cost charged to the Participant for such
coverage during the Separation Period shall not be greater than the cost charged
to an active Employee participating in the Bank's health plan for the same type
and level of coverage. Following the Separation Period, the Participant may
continue such COBRA continuation coverage on an unsubsidized basis in accordance
with the requirements of COBRA otherwise applicable to qualified beneficiaries
electing COBRA continuation coverage. The maximum COBRA continuation period
available to any Participant shall take into account any period of subsidized
coverage provided in accordance with this Section 4.2(c) and the Participant's
COBRA continuation period shall be deemed to commence as of the date of
commencement of any such subsidized coverage.

      4.3 OTHER BENEFITS PAYABLE. The cash lump sum and continuing benefits
described in Section 4.2 above shall be payable in addition to, and not in lieu
of, all other accrued or vested or earned but deferred compensation, rights,
options, or other benefits which may be owed to a Participant upon or following
termination, including but not limited to amounts or benefits payable under any
retirement plan, stock plan, life insurance plan or similar or successor plan,
but excluding any severance pay or pay in lieu of notice required to be paid to
such Participant under any WARN Act or other applicable law.

      4.4 RESTRICTIONS ON PAYMENTS BY THE BANK.

      (a) Anything in this Plan to the contrary notwithstanding, if the payments
and benefits provided pursuant to Section 4.2 of the Plan, either alone or
together with other payments and benefits which a Participant has a right to
receive from the Bank, would constitute a "parachute payment" under Section 280G
of the Code to the extent applicable, the payments and benefits payable by the
Bank pursuant to Section 4.2 shall be reduced, in the manner determined by the
Participant, by the amount, if any, which is the minimum necessary to result in
no portion of the payments and benefits payable by the Bank under Section 4.2
being nondeductible to the Bank pursuant to Section 280G of the Code and subject
to the excise tax imposed by Section 4999 of the Code. The determination of any
reduction in the payments and benefits to be made pursuant to Section 4.2 shall
be based upon the opinion of independent counsel selected and paid by the Bank.
Such counsel shall promptly prepare the foregoing opinion, but in no event later
than 30 days from the Date of Termination.

      (b) Anything in this Plan to the contrary notwithstanding, (i) any
payments made pursuant to this Plan shall be subject to and conditioned upon
compliance with 12 U.S.C. Section 1828(k) and any regulations promulgated
thereunder; and (ii) payments contemplated to be

                                       -7-

<PAGE>

made by the Bank pursuant to this Plan shall not be immediately payable to the
extent such payments are barred or prohibited by an action or order issued by
the Connecticut Banking Commissioner or the Federal Deposit Insurance
Corporation.

      (c) As a condition to receipt of any payments or benefits provided for in
Section 4.2, a Participant shall be required to execute a general release
agreement, in substantially the form set forth in Attachment A to this Plan,
releasing any and all claims arising out of the Participant's employment other
than enforcement of the Participant's rights under this Plan and rights to
indemnification under any agreement, law, Bank or Company organizational
document or policy, or otherwise.

      4.5 PAYMENT OBLIGATIONS ABSOLUTE. Except as otherwise provided in Sections
4.4 (a) and (b), the obligations of the Company and the Bank to pay the
Separation Benefits described in Section 4.2 shall be absolute and unconditional
and shall not be affected by any circumstances, including, without limitation,
any set-off, counterclaim, recoupment, defense, or other right which the Company
or the Bank may have against any Participant. In no event shall a Participant be
obligated to seek other employment or take any other action by way of mitigation
of the amounts payable to a Participant under any of the provisions of this
Plan, nor shall the amount of any payment hereunder be reduced by any
compensation earned by a Participant as a result of employment by another
employer.

                                    ARTICLE V

                                   SUCCESSORS

      The Bank and the Company shall require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Bank or the Company to
expressly assume and agree to perform under this Plan in the same manner and to
the same extent that the Bank and the Company would be required to perform if no
such succession had taken place. As used in this Plan, "Bank "and "Company"
shall mean the Bank and the Company respectively as hereinbefore defined and any
successor to its or their business and/or assets as aforesaid which assumes and
agrees to perform this Plan by operation of law, or otherwise and, in the case
of an acquisition of the Bank or the Company in which the corporate existence of
the Bank or the Company, as the case may be, continues, the ultimate parent
company following such acquisition. Subject to the foregoing, the Bank and the
Company may transfer and assign this Plan and the Bank's and the Company's
rights and obligations hereunder.

                                   ARTICLE VI

                              DURATION, AMENDMENT,
                                 AND TERMINATION

      Except in the event of a Potential Change in Control, this Plan is subject
to change or termination, in whole or in part, at any time without notice, in
the Board's sole discretion. In the event of a Potential Change in Control, this
Plan may not be terminated or amended to reduce the

                                       -8-

<PAGE>

benefits provided hereunder; provided, however, if no Change in Control has
occurred within two years after such Potential Change in Control, this Plan may
be terminated or amended, in the Board's sole discretion, at the end of such
two-year period. If a Change in Control has occurred within two years after such
Potential Change in Control, this Plan shall continue in full force and effect
and shall not terminate or expire until the later of: (1) the second anniversary
of the Date of the Change in Control; and (2) the date as of which all
Participants entitled to any payments or benefits hereunder as a result of such
Change in Control have received such payments and benefits in full.

                                   ARTICLE VII

                                  MISCELLANEOUS

      7.1 EMPLOYMENT STATUS. This Plan does not constitute a contract of
employment, nor does it impose on the Participant or the Bank any obligation for
the Participant to remain an Employee or change the status of the Participant's
employment or the Bank's policies regarding termination of employment.

      7.3 ADMINISTRATION. The Plan Administrator shall have sole discretionary
authority to determine all questions arising in connection with the Plan, to
interpret the provisions of the Plan and to construe all of its terms, and, to
adopt, amend and rescind rules and regulations for the administration of the
Plan and generally to conduct and administer the Plan and to make all
determinations in connection with the Plan as may be necessary or advisable. All
such actions of the Plan Administrator shall be conclusive and binding on all
persons. Notwithstanding the foregoing, nothing in this Section 7.3 shall be
construed to contravene the restrictions against amendment or termination of the
Plan as provided in Article VI.

      7.4 CLAIMS PROCEDURE.

            (a) INITIAL CLAIM REVIEW. Claims for benefits under the Plan may be
filed in writing with the Plan Administrator. Written or electronic notice of
the disposition of a claim shall be furnished to the claimant within 90 days
after the claim is filed (or within 180 days if special circumstances require an
extension of time for processing the claim and if notice of such extension and
circumstances is provided to the claimant within the initial 90-day period). In
the event the claim is denied, the reasons for the denial shall be specifically
set forth in the notice in language calculated to be understood by the claimant,
pertinent provisions of the Plan shall be cited, and, where appropriate, an
explanation as to how the claimant can perfect the claim will be provided. In
addition, the claimant shall be furnished with an explanation of the Plan's
claims review procedures and the time limits applicable to such procedures,
including a statement that the claimant has a right to bring a civil action
under Section 502(a) of ERISA following an adverse benefit determination on
review.

            (b) CLAIM REVIEW PROCEDURE. Any Employee, former Employee, or
authorized representative or beneficiary of either, who has been denied a
benefit by a decision of the Plan

                                       -9-

<PAGE>

Administrator shall be entitled to request a review of the denied claim. The
claimant may submit a written request for review to the Plan Administrator no
later than 60 days after the date on which such denial is received by such
claimant. The claimant may submit written comments, documents, records and other
information relating to the claim to the Plan Administrator. The claim for
review shall be given a full and fair review that takes into account all
comments, documents, records and other information submitted that relates to the
claim, without regard to whether such information was submitted or considered in
the initial benefit determination. The Plan Administrator shall provide the
claimant with written or electronic notice of the decision on review within 60
days after the request for review is received by the Plan Administrator (or
within 120 days if special circumstances require an extension of time for
processing the claim and if notice of such extension and circumstances is
provided to the claimant within the initial 60-day period). Such communication
shall be written in a manner calculated to be understood by the claimant and
shall include specific reasons for the decision, specific references to the
pertinent Plan provisions on which the decision is based, a statement that the
claimant has a right to bring a civil action under Section 502(a) of ERISA and
that the claimant is entitled to receive, upon request and free of charge,
reasonable access to and copies of, all documents, records and other information
relevant to the claim for benefits. A document is relevant to the claim for
benefits if it was relied upon in making the determination, was submitted,
considered or generated in the course of making the determination or
demonstrates that benefit determinations are made in accordance with the Plan
and that Plan provisions have been applied consistently with respect to
similarly situated claimants.

      (c) EXHAUSTION OF REMEDY. No claimant shall institute any action or
proceeding in any state or federal court of law or equity, or before any
administrative tribunal or arbitrator, for a claim for benefits under the Plan
until he/she has first exhausted the procedures set forth in (b) and (c) above.

      7.5 UNFUNDED PLAN STATUS. All payments pursuant to the Plan shall be made
from the general funds of the Bank and no special or separate fund shall be
established or other segregation of assets made to assure payment. No
Participant or other person shall have under any circumstances any interest in
any particular property or assets of the Bank or the Company as a result of
participating in the Plan. Notwithstanding the foregoing, the Bank may (but
shall not be obligated to) create one or more grantor trusts, the assets of
which are subject to the claims of the Bank's creditors, to assist it in
accumulating funds to pay its obligations under the Plan.

      7.6 VALIDITY AND SEVERABILITY. The invalidity or unenforceability of any
provision of the Plan shall not affect the validity or enforceability of any
other provision of the Plan, which shall remain in full force and effect, and
any prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

      7.7 GOVERNING LAW. The validity, interpretation, construction, and
performance of the Plan shall in all respects be governed by the laws of
Connecticut, without reference to principles of conflict of law, except to the
extent preempted by ERISA.

                                      -10-

<PAGE>

         7.8 NONASSIGNABILITY. The benefits payable under this Plan shall not be
subject to alienation, assignment, garnishment, execution or levy of any kind,
and any attempt to cause any benefits to be so subjected shall not be
recognized, except to the extent required by applicable law.

                                      -11-

<PAGE>

                                  ATTACHMENT A

                                    RELEASE

      We advise you to consult an attorney before you sign this Release. You
have until the date which is seven (7) days after the Release is signed and
returned to Rockville Bank to change your mind and revoke your Release. Your
Release shall not become effective or enforceable until after that date.

In consideration for the benefits provided under the Change in Control Severance
Plan for Rockville Bank (the "Plan"), and more specifically enumerated in
Exhibit 1 hereto, by your signature below, you, for yourself and on behalf of
your heirs, executors, agents, representatives, successors and assigns, hereby
release and forever discharge Rockville Financial, Inc., its past and present
parent corporations, subsidiaries, divisions, subdivisions, affiliates and
related companies (collectively, the "Company") and the Company's past, present
and future agents, directors, officers, employees, representatives, successors
and assigns (hereinafter "those associated with the Company") with respect to
any and all claims, demands, actions and liabilities, whether in law or equity,
which you may have against the Company or those associated with the Company of
whatever kind, including but not limited to those arising out of your employment
with the Company or the termination of that employment. You agree that this
release covers, but is not limited to, claims arising under the Age
Discrimination in Employment Act of 1967, 29 U.S.C. Section 621 et seq., Title
VII of the Civil Rights Act of 1964, 42 U.S.C. Section 2000e et seq., the
Americans with Disabilities Act of 1990, 42 U.S.C. Section 12101 et seq., the
Fair Labor Standards Act, 29 U.S.C. Section 201 et seq., the Employee Retirement
Income Security Act of 1974, 29 U.S.C. Section 1001 et seq., the Connecticut
Fair Employment Practices Act, C.G.S. Section 46a-51 et seq., and any other
local, state or federal law, regulation or order dealing with discrimination in
employment on the basis of sex, race, color, national origin, veteran status,
marital status, religion, disability, handicap, or age. You also agree that this
release includes claims based on wrongful termination of employment, breach of
contract (express or implied), tort, or claims otherwise related to your
employment or termination of employment with the Company and any claim for
attorneys' fees, expenses or costs of litigation.

This Release covers all claims based on any facts or events, whether known or
unknown by you, that occurred on or before the date of this Release. Except to
enforce this Release, you agree that you will never commence, prosecute, or
cause to be commenced or prosecuted any lawsuit or proceeding of any kind
against the Company or those associated with the Company in any forum and agree
to withdraw with prejudice all complaints or charges, if any, that you have
filed against the Company or those associated with the Company.

Anything in this Release to the contrary notwithstanding, this Release does not
include a release of: (i) your rights under the Plan or your right to enforce
the terms of the Plan; (ii) any rights you may have to indemnification under any
agreement, law, Company organizational document or policy, or otherwise; (iii)
any rights you may have to benefits under the Company's benefit plans; or (iii)
your right to enforce this Release.

<PAGE>

By signing this Release, you further agree as follows:

      i. You have read this Release carefully and fully understand its terms;

      ii. You have had at least twenty-one (21) days to consider the terms of
the Release;

      iii. You have seven (7) days from the date you sign this Release to revoke
it by written notification to the Company. After this seven (7) day period, this
Release is final and binding and may not be revoked;

      iv. You have been advised to seek legal counsel and have had an
opportunity to do so;

      v. You would not otherwise be entitled to the benefits provided under the
Plan had you not agreed to execute this Release; and

      vi. Your agreement to the terms set forth above is voluntary.

Name:______________________________________

Signature:_________________________________        Date:
Received by:_______________________________        Date:

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                                                                   EXHIBIT 10.13

                    SUPPLEMENTAL SAVINGS AND RETIREMENT PLAN
                                       OF
                                 ROCKVILLE BANK

<PAGE>

                    SUPPLEMENTAL SAVINGS AND RETIREMENT PLAN
                                       OF
                                 ROCKVILLE BANK

                                    ARTICLE I
                           PURPOSE AND EFFECTIVE DATE

1.01 Purpose. Rockville Bank (the "Bank") and Rockville Financial, Inc. (the
"Company") establish this Supplemental Savings and Retirement Plan of Rockville
Bank (the "Plan") to provide retirement benefits for certain current and former
employees which are not provided under the Retirement Plan of Rockville Bank ,
the Rockville Bank 401(k) Plan or the Rockville Bank ESOP, because of
limitations under the Code. This Plan document embodies two separate plans for
purposes of ERISA: (a) one plan constituting an "excess benefit plan," as
defined in Section 3(36) of ERISA, providing the benefits and contributions that
cannot be provided under certain qualified plans of the Employer by reason of
Section 415 of the Code, and (b) the other plan providing the balance of the
benefits payable under this Plan, including those benefits that cannot be
provided under certain qualified plans of the Bank by reason of Section
401(a)(17) of the Code and certain other benefits as described herein.

1.02 Effective Date. The Plan shall be effective as of the date specified in the
resolution of the Board of Directors of the Bank adopting this Plan.

                                   ARTICLE II
                                   DEFINITIONS

Wherever used in this Plan, unless the context clearly indicates otherwise, the
following terms shall have the following meanings:

2.01 "Annual Additions" shall have the same meaning as set forth in Section
415(c)(2) of the Code.

2.02 "Beneficiary" shall mean, with respect to the Supplemental Savings Benefit,
the person or persons entitled to a benefit under the 401(k) Plan upon the
Member's death. With respect to the Supplemental Pension Benefit, the term shall
mean the person or persons entitled to a benefit under the Retirement Plan upon
the Member's death.

2.03  "Board of Directors" shall mean the Board of Directors of Rockville Bank.

2.04 "Code" shall mean the Internal Revenue Code of 1986, as amended from time
to time.
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2.05 "Compensation" shall have the same meaning as provided in the 401(k) Plan,
but without the limitation imposed by Section 401(a)(17) of the Code, plus
amounts deferred by the Member under this Plan during a Plan Year.

2.06 "Credited Service" shall have the same meaning as provided in the
Retirement Plan.

2.07 "Employee" shall mean a person in the employ of the Employer. Individuals
who are considered by the Employer to be independent contractors or non-benefits
employees, even if they are determined to be employees of the Employer for any
other purpose, shall not be eligible to participate in the Plan. The
characterization in the Employer's records of the relationship between the
individual and the Employer shall be conclusive as to the individual's status
for purposes of this Plan.

2.08 "Employer" shall mean Rockville Bank and its subsidiaries and any successor
which shall maintain this Plan and any predecessor which has maintained this
Plan.

2.09 "ERISA" shall mean the Employee Retirement Income Security Act of 1974, as
amended from time to time.

2.10 "ESOP" shall mean the Rockville Bank Employee Stock Ownership Plan, as
amended from time to time.

2.11 "ESOP Acquisition Loan" shall mean a loan or other extension of credit
incurred by the trustee of the ESOP in connection with the purchase of common
stock of the Employer on behalf of the ESOP.

2.12 "401(k) Plan" shall mean the Rockville Bank 401(k) Plan, as amended from
time to time.

2.13 "Fund" or "Funds" shall mean the investment fund(s) available under the
401(k) Plan from time to time.

2.14 "Joint and Survivor Benefit" shall mean a reduced benefit payable to the
Member for the Member's lifetime, to be continued in the percentage specified
after the Member's death, for the life of the Beneficiary designated by the
Member.

2.15 "Member" shall mean any Employee who meets the eligibility requirements of
Article III or has earned a benefit under this Plan even if he or she no longer
is eligible to earn additional benefits hereunder.

2.16 "Period Certain and Life Benefit" shall mean a reduced benefit payable to
the Member for the Member's lifetime, with the provision that if the Member
should die before the end of the guaranteed number of years selected, the
Member's Beneficiary will receive the same benefit that the Member was receiving
for the remaining months of the guaranteed period.

2.17 "Plan" shall mean the Supplemental Savings and Retirement Plan of Rockville
Bank, set forth in and by this document, as amended from time to time.

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2.18 "Plan Administrator" shall mean the Human Resources Committee of the Board
of Directors of Rockville Bank, except that any action authorized to be taken by
the Plan Administrator may also be taken by any committee or person(s) duly
authorized by the Human Resources Committee of the Board of Directors or the
duly authorized delegees of such duly authorized committee or person(s).

2.19 "Plan Year" shall mean a period of one year commencing with January 1;
provided, however, that the first plan year shall mean the period commencing on
the Effective Date and ending on the next succeeding December 31.

2.20 "Retirement Plan" shall mean the Retirement Plan for Employees of Rockville
Bank, as amended from time to time.

2.21 "Straight Life Benefit" shall mean a benefit payable to the Member for the
Member's lifetime with no further payments after the Member's death.

2.22 "Supplemental Pension Benefit" shall mean the benefit determined in
accordance with the provisions of Article V.

2.23 "Supplemental Savings Account" shall mean the account, which shall only be
a bookkeeping account, established on behalf of a Member in accordance with the
provisions of Article IV.

2.24 "Supplemental Savings Benefit" shall mean the benefit determined in
accordance with the provisions of Article IV.

                                   ARTICLE III
                           ELIGIBILITY TO PARTICIPATE

3.01 Membership. Each eligible Employee shall become a Member of the Plan as of
the date he or she meets the eligibility requirements set forth in Articles IV
and V and, in the case of benefits provided under Article IV, completes the
applicable Supplemental Savings Agreement as described in Section 4.04.

3.02 Termination of Membership. An individual shall cease to be a Member of the
Plan as of the date he or she ceases to meet the above eligibility requirements;
provided, however, that accrued benefits as of such date shall not be reduced
and shall be paid as provided herein.

                                   ARTICLE IV
                          SUPPLEMENTAL SAVINGS BENEFIT

4.01  Eligibility.

      (a) 401(a)(17) Credits. An Employee shall be eligible to participate in
the Plan with respect to the 401(a)(17) Credits provided under Article IV if:

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            (i)   the Employee is a member of a "select group of management or
                  highly compensated employees," as that phrase is used in
                  Sections 201, 301, and 401 of ERISA;

            (ii)  the Employee is a participant in the 401(k) Plan and/or the
                  ESOP; and

            (iii) the Employee is so designated by the Employer.

      (b) 415 Credits. An Employee shall be eligible to participate in the Plan
with respect to the 415 Credits provided under Article IV if:

            (i)   the Employee is a participant in the 401(k) Plan and/or the
                  ESOP; and

            (ii)  the Employee is so designated by the Employer.

      (c) Discretionary Credits. An Employee shall be eligible to participate in
the Plan with respect to Discretionary Credits provided under Article IV if:

            (i)   the Employee is a member of a "select group of management or
                  highly compensated employees," as that phrase is used in
                  Sections 201, 301, and 401 of ERISA; and

            (ii)  the Employee is so designated by the Employer.

4.02 Supplemental Savings Benefit. A Member's Supplemental Savings Benefit shall
be equal to one or more of the following credits, plus Adjustments to Accounts
determined pursuant to Section 4.05:

      (a) 401(a)(17) Credits.

      (b) 415 Credits.

      (c) Discretionary Credits.

The terms "401(a)(17) Credits" and "415 Credits" are defined in Section 4.03(c).
The term "Discretionary Credits" is defined in Section 4.03(d).

4.03 Supplemental Savings Credits. A Member's 401(a)(17) and 415 Credits for any
Plan Year shall consist of the sum of (a), (b), (c) and (d):

      (a) The percentage of Compensation, up to 50%, that the Member has elected
to defer on a before-tax basis and have credited under this Plan as provided
under Section 4.04, reduced by the amount of the contributions that such Member
has elected under the 401(k) Plan, but only to the extent such Member is
prevented from making contributions to the 401(k) Plan to the maximum percentage
of Compensation permitted under the 401(k) Plan by operation of one or

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both of the following limitations under the Code: (i) the limitation on
Compensation under Section 401(a)(17) of the Code; and (ii) the limitation on
Annual Additions under Section 415(c) of the Code.

      (b) With respect to any Member who is eligible for matching contributions
under the 401(k) Plan, for each payroll period in which such Member elects to
defer an amount under subsection (a) above, a matching credit by the Employer
equal to the excess of (i) over (ii), where:

      (i) equals the matching contribution that would have been made under the
      401(k) Plan had such amount been deferred under the 401(k) Plan if the
      401(k) Plan were administered without regard to one or both of the
      following limitations under the Code: (A) the limitation on Compensation
      under Section 401(a)(17) of the Code; and (B) the limitation on Annual
      Additions under Section 415(c) of the Code; and

      (ii) equals the matching contribution actually made by the Employer on
      behalf of the Member under the 401(k) Plan for such payroll period.

      (c) With respect to any Member who is eligible for Employer safe harbor
contributions under the 401(k) Plan other than matching contributions, a safe
harbor contributions credit equal to the excess of (i) over (ii), where:

      (i) equals the safe harbor contribution that would have been made under
      the 401(k) Plan if the 401(k) Plan were administered without regard to one
      or both of the following limitations under the Code: (A) the limitation on
      Compensation under Section 401(a)(17) of the Code; and (B) the limitation
      on Annual Additions under Section 415(c) of the Code; and

      (ii) equals the safe harbor contribution actually made by the Employer on
      behalf of the Member under the 401(k) Plan for such payroll period.

      (d) With respect to any Member who is a participant in the ESOP, an amount
equal to the excess of (i) over (ii), where:

      (i) equals the annual contributions made by the Employer and/or the number
      of shares of common stock of the Employer released for allocation in
      connection with the repayment of an ESOP Acquisition Loan that would
      otherwise be allocated to the accounts of the Member under the ESOP for
      the applicable Plan Year, if the provisions of the ESOP were administered
      without regard to the following limitations under the Code: (A) the
      limitation on Compensation under Section 401(a)(17) of the Code; and (B)
      the limitation on Annual Additions under Section 415(c) of the Code; and

      (ii) equals the annual contributions made by the Employer and/or the
      number of shares of common stock of the Employer released for allocation
      in connection with the repayment of an ESOP Acquisition Loan that are
      actually allocated to the accounts of the Member under the ESOP for that
      particular Plan Year.

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<PAGE>

      (e) Amounts credited pursuant to Section 4.03(a)(i), together with
allocable matching credits pursuant to Section 4.03(b), and amounts credited
pursuant to 4.03(c)(i)(A) and 4.03(d)(i)(A)shall be referred to as "401(a)(17)
Credits." Amounts credited pursuant to Section 4.03(a)(ii), together with
allocable matching credits pursuant to Section 4.03(b), and amounts credited
pursuant to 4.03(c)(i)(B) and 4.03(d)(i)(B) shall be referred to as "415
Credits."

      (f) The Employer, in its sole discretion; may credit a Member with such
additional amount, expressed as a percentage of Compensation, as the Employer
shall determine. Amounts credited pursuant to the foregoing sentence shall be
referred to as "Discretionary Credits."

4.04 Supplemental Savings Agreement. Each Member shall enter into an agreement
with the Employer (hereinafter referred to as a "Supplemental Savings
Agreement") prior to the first day of each Plan Year with respect to which such
Supplemental Savings Agreement shall become effective to have deferred from the
Member's Compensation for each payroll period during such Plan Year an amount
that is not more than 50% of such Compensation; provided, however, that such
amount shall be specifically restricted as provided in Section 4.03(a) hereof.
The amount deferred shall be credited to the Member's Supplemental Savings
Account each payroll period during such Plan Year. A Member may not alter the
Member's Supplemental Savings Agreement during the Plan Year.

4.05 Adjustments to Accounts. All credits under Section 4.03 (a) and (b) shall
be made to the Member's Supplemental Savings Account as of the end of the
payroll period to which they relate. All credits under Section 4.03(c) and (d)
shall be made to the Member's Supplemental Savings Account as of the same date
as the allocation to the accounts of the Member under the 401(k) Plan and the
ESOP, respectively, to which such credits relate. Discretionary Credits shall be
made to the Member's Supplemental Savings Account as of the date specified by
the Employer. In addition, the Employer shall adjust each Member's Supplemental
Savings Account, as of the last day of each month, by an amount equal to the
amount of any adjustment for such month that would have applied if the Member's
Supplemental Savings Account had been allocated and proportionately invested in
such Fund or Funds as designated by the Member from among such Funds as the
Employer may provide in a written investment selection form. Funds selected by a
Member shall be bookkeeping accounts only; the Employer shall be under no
obligation actually to invest amounts in such Fund or Funds, provided that any
amounts so invested shall remain general corporate assets of the Employer
subject to all claims of its creditors. If the Employer shall establish a
grantor trust pursuant to Section 6.01 hereof in order to provide for its
obligations with respect to Supplemental Savings Accounts, then any earnings
credited with respect to a Fund or Funds shall be reduced by an amount equal to
the income taxes that the Employer would owe on such earnings, if any, with
respect to such Fund or Funds, based on the Employer's highest federal and state
tax rates on its net taxable income for the prior Plan Year.

4.06 Value of Supplemental Savings Benefit. The value of a Supplemental Savings
Benefit at any point in time shall be equal to the single sum cash value of a
Member's Supplemental Savings Account as of the last day of the month coinciding
with or immediately following such date of determination.

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4.07 Vesting in Supplemental Savings Benefit. A Member shall at all times be
fully vested in amounts credited to the Member's Supplemental Savings Account
pursuant to Sections 4.03(a), 4.03(c) and 4.03(e), together with earnings
thereon pursuant to Section 4.05. A Member shall be vested in amounts credited
to the Member's Supplemental Savings Account pursuant to Sections 4.03(b),
together with earnings thereon pursuant to Section 4.05, to the same extent as
he is vested in matching contributions by the Employer to the 401(k) Plan. A
Member shall be vested in amounts credited to the Member's Supplemental Savings
Account pursuant to Section 4.03(d), together with earnings thereon pursuant to
Section 4.05, to the same extent as he is vested in contributions by the
Employer to the ESOP.

4.08 Commencement of Supplemental Savings Benefit. A Member's Supplemental
Savings Benefit, to the extent vested, shall be paid in a single lump sum as
soon as practicable following the Member's termination of employment; provided,
however, that any distribution to a key employee, within the meaning of Section
416(i) of the Code, shall not be made until six months after such termination of
employment.

4.09 Supplemental Savings Death Benefit. Upon the death of a Member, the single
sum cash value of the Member's Supplemental Savings Benefit, shall be
distributed to the Member's Beneficiary as soon as practicable following such
date.

4.10 Distributions Prior to Termination of Employment. In the event of an
unforeseeable emergency, as determined pursuant to Section 409A of the Code, a
Member may request a distribution of part or all of the Member's Supplemental
Savings Benefit, to the extent vested, by a request in writing to the Plan
Administrator. The request must specify the nature of the hardship and the
amount requested to be withdrawn to meet the need created by such hardship. The
Plan Administrator shall not authorize the withdrawal of any amount which is in
excess of the amount required to meet the need created by the hardship (plus
amounts necessary to pay taxes reasonable anticipated on the withdrawal), after
taking into account reimbursements from insurance and liquidation of the
Member's available assets. Only one such distribution may be requested in any
Plan Year.

                                    ARTICLE V
                          SUPPLEMENTAL PENSION BENEFIT

5.01  Eligibility.

      (a) 401(a)(17) Benefits. An Employee shall be eligible to participate in
the Plan with respect to the 401(a)(17) Benefits provided under Article V if:

            (i)   the Member is a member of a "select group of management or
                  highly compensated employees," as that phrase is used in
                  Sections 201, 301, and 401 of ERISA;

            (ii)  the Member is a participant in the Retirement Plan; and

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            (iii) the Member is so designated by the Employer.

      (b) 415 Benefits. An Employee shall be eligible to participate in the Plan
with respect to the 415 Benefits provided under Article V if:

            (i)   the Member is participant in the Retirement Plan; and

            (ii)  the Member is so designated by the Employer.

      (c) Additional Benefits. An Employee shall be eligible to participate in
the Plan with respect to the additional benefits provided under Section 5.02(b)
if:

            (i)   the Member is a member of a "select group of management or
                  highly compensated employees," as that phrase is used in
                  Sections 201, 301, and 401 of ERISA;

            (ii)  the Member is a participant in the Retirement Plan; and

            (iii) the Member is so designated by the Employer.

      (d) Election of Form of Payment. On or prior to the date an Employee shall
become eligible to participate in the Plan with respect to the 401(a)(17)
Benefits, the 415 Benefits or the additional benefits provided under Section
5.02(b), such Employee shall elect in writing on such form as may be provided by
the Employer for such purpose to receive payment of such benefits at the time
provided in Section 5.03 below in one of the following forms:

            (i)   5, 10 or 15 years Period Certain and Life Benefit;

            (ii)  50% or 100% Joint and Survivor Benefit with the Member's
                  Spouse as Beneficiary; or

            (iii) Straight Life Benefit.

Such election may not be changed except by executing a new election on such form
as may be provided by the Employer for such purpose and any such new election
shall not be effective until the first anniversary of the effective date of such
election and payment of the benefits with respect to which such new election is
effective shall not be made until the fifth anniversary of the date on which
such benefits would otherwise have been paid in accordance with Section 5.03
below.

5.02 Supplemental Pension Benefit. A Member's or a Member's Beneficiary's
Supplemental Pension Benefit shall equal the greater of (a) or (b) where:

      (a) is the excess, if any of (i) over (ii) where:

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<PAGE>

            (i)   is the annual benefit which is derived from Employer
                  contributions and which is payable to a Member or a Member's
                  Beneficiary under the Retirement Plan as of the date of such
                  Member's termination of employment, such benefit to be
                  calculated (A) without the limitation on annual compensation
                  imposed by Section 401(a)(17) of the Code, and/or (B) without
                  the limitation on annual benefits imposed by Section 415(b) of
                  the Code, and (C) by including as compensation the amount, if
                  any, of Compensation deferred by such Member pursuant to
                  Article IV of this Plan;

            (ii)  is the annual benefit which is derived from Employer
                  contributions and which is payable to a Member or a Member's
                  Beneficiary under the Retirement Plan as of the date of the
                  Member's termination of employment, such benefit to be
                  calculated (A) with the limitation on annual compensation
                  imposed by Section 401(a)(17) of the Code, and/or (B) with the
                  limitation on annual benefits imposed by Section 415(b) of the
                  Code, and (C) without the inclusion of the amount, if any, of
                  Compensation deferred by such Member pursuant to Article IV of
                  this Plan; and

      (b) is such other benefit formula as may be set forth in the written
agreement with the Member, subject to the approval of the Human Resources
Committee of the Board of Directors.

Benefits calculated as the excess of the sum of (a)(i)(A) and (a)(i)(C) over the
sum of (a)(ii)(A) and (a)(ii)(C) shall be referred to in this Plan as
"401(a)(17) Benefits." Benefits calculated as the excess of the (a)(i)(B) over
(a)(ii)(B) shall be referred to "415 Benefits." Benefits calculated as the
excess of (b) over 401(a)(17) Benefits and 415 Benefits shall be referred to as
"Additional Benefits." A Member's or Beneficiary's Supplemental Pension Benefit
may thus consist of a 401(a)(17) Benefit and a 415 Benefit or an Additional
Benefit. The calculation of a Supplemental Pension Benefit shall be performed by
the consulting actuary for the Retirement Plan, and the interpretations of such
actuary shall be final and binding on the Employer, the Member and the Member's
Beneficiary.

5.03 Terms and Conditions of Supplemental Pension Benefit.

      (a) A Member shall be eligible to receive a Supplemental Pension Benefit
at the later of: (i) age 60 after completion of 15 years of Credited Service
(five years of Credited Service for a Member employed on or before December 1,
1976); (ii) age 65 for a Member employed before June 13, 1990; (iii) age 65
after completion of five years of Credited Service for a Member employed on or
after June 13, 1990; or (iv) termination of employment after completion of five
years of Credited Service.

      (b) The Supplemental Pension Benefit shall be paid in accordance with the
form elected by the Member as provided in Section 5.01(d). The reduction factors
to be used in converting one form of benefit to another will be determined by
the consulting actuary for the Retirement Plan on the basis of the actuarial
assumptions provided in the Retirement Plan for such purpose.

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5.04  Supplemental Pension Death Benefit.

      (a) If a married Member should die after meeting the requirements provided
in Sections 5.03(a)(i), (ii) or (iii) but prior to the commencement of benefits
pursuant to this Plan, it shall be assumed for purposes of this Plan that the
Member had terminated employment on the day preceding the Member's date of death
and had been entitled to a joint and 50% survivor annuity, and a survivorship
benefit shall be calculated under this Plan on the basis of such assumption in
accordance with Section 5.02 hereof and shall be paid to the spouse of the
Member beginning as of the first day of the calendar month coincident with or
next following the Member's date of death in the case of a Member who has
satisfied the requirements provided in Sections 5.03(a)(1) or (ii), otherwise
such survivorship benefit shall be paid to the spouse of the Member beginning as
of the first day of the calendar month coincident with or next following the
date the Member would have attained age 65.

      (b) If the Member should die following the commencement of benefits
pursuant to this Plan, death benefits, if any, shall be payable to the spouse or
other Beneficiary of the Member in accordance with the form of payment in effect
at the time of the Member's death.

                                   ARTICLE VI
                                     FUNDING

6.01 Funding. The Employer shall be under no obligation to establish a fund or
reserve in order to pay the benefits under this Plan. The Employer shall be
required to make payments only as benefits become due and payable. No person
shall have any right, other than the right of an unsecured general creditor,
against the Employer with respect to the benefits payable hereunder, or which
may be payable hereunder, to any Member or Beneficiary. Notwithstanding the
foregoing, in order to pay benefits under this Plan, the Employer may establish
a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of
the Code. The assets in such Trust shall at all times be subject to the claims
of the general creditors of the Employer in the event of the Employer's
bankruptcy or insolvency, and neither the Plan nor any Member or Beneficiary
shall have any preferred claim or right to, or any beneficial ownership interest
in, any such assets of the Trust prior to the time such assets are paid to a
Member or Beneficiary as a Supplemental Savings Benefit or a Supplemental
Pension Benefit, and all rights created under this Plan and said Trust shall be
unsecured contractual rights of a Member or Beneficiary against the Employer.

                                   ARTICLE VII
                               CLAIMS FOR BENEFITS

7.01 Initial Claim Review. Claims for benefits under the Plan may be filed in
writing with the Plan Administrator. Written or electronic notice of the
disposition of a claim shall be furnished to the claimant within 90 days after
the claim is filed (or within 180 days if special circumstances require an
extension of time for processing the claim and if notice of such extension and

                                      -10-
<PAGE>

circumstances is provided to the claimant within the initial 90-day period). In
the event the claim is denied, the reasons for the denial shall be specifically
set forth in the notice in language calculated to be understood by the claimant,
pertinent provisions of the Plan shall be cited, and, where appropriate, an
explanation as to how the claimant can perfect the claim will be provided. In
addition, the claimant shall be furnished with an explanation of the Plan's
claims review procedures and the time limits applicable to such procedures,
including a statement that the claimant has a right to bring a civil action
under Section 502(a) of ERISA following an adverse benefit determination on
review.

7.02 Claim Review Procedure. Any Employee, former Employee, or authorized
representative or Beneficiary of either, who has been denied a benefit by a
decision of the Plan Administrator shall be entitled to request a review of the
denied claim. The claimant may submit a written request for review to the Plan
Administrator no later than 60 days after the date on which such denial is
received by such claimant. The claimant may submit written comments, documents,
records and other information relating to the claim to the Plan Administrator.
The claim for review shall be given a full and fair review that takes into
account all comments, documents, records and other information submitted that
relates to the claim, without regard to whether such information was submitted
or considered in the initial benefit determination. The Plan Administrator shall
provide the claimant with written or electronic notice of the decision on review
within 60 days after the request for review is received by the Plan
Administrator (or within 120 days if special circumstances require an extension
of time for processing the claim and if notice of such extension and
circumstances is provided to the claimant within the initial 60-day period).
Such communication shall be written in a manner calculated to be understood by
the claimant and shall include specific reasons for the decision, specific
references to the pertinent Plan provisions on which the decision is based, a
statement that the claimant has a right to bring a civil action under Section
502(a) of ERISA and that the claimant is entitled to receive, upon request and
free of charge, reasonable access to and copies of, all documents, records and
other information relevant to the claim for benefits. A document is relevant to
the claim for benefits if it was relied upon in making the determination, was
submitted, considered or generated in the course of making the determination or
demonstrates that benefit determinations are made in accordance with the Plan
and that Plan provisions have been applied consistently with respect to
similarly situated claimants.

7.03 Exhaustion of Remedy. No claimant shall institute any action or proceeding
in any state or federal court of law or equity, or before any administrative
tribunal or arbitrator, for a claim for benefits under the Plan until he/she has
first exhausted the procedures set forth in Sections 7.01 and 7.02.

                                  ARTICLE VIII
                                  MISCELLANEOUS

8.01 Non-Guarantee of Employment. Nothing contained in this Plan shall be
construed as a contract of employment between the Employer and any Member or
Employee, or as a right of any such Member or Employee to be continued in the
employment of the Employer, or as a limitation on the right of the Employer to
deal with any Member or Employee as to their hiring,

                                      -11-
<PAGE>

discharge, layoff, compensation, and all other conditions of employment in all
respects as though this Plan did not exist.

8.02 Rights Under 401(k) Plan, Retirement Plan and ESOP. Nothing in this Plan
shall be construed to limit, broaden, restrict, or grant any right to a Member,
Employee, or Beneficiary under the 401(k) Plan, the Retirement Plan or the ESOP,
or to grant any additional rights to any such Member, Employee, or Beneficiary
under the 401(k) Plan, the Retirement Plan or the ESOP, or in any way to limit,
modify, repeal or otherwise affect the Employer's right to amend or modify the
401(k) Plan, the Retirement Plan or the ESOP.

8.03 Amendments/Termination. The Employer reserves the right to make from time
to time amendments to or to terminate this Plan by vote duly adopted by the
Human Resources Committee of the Board of Directors; provided, however, that no
such amendment or termination shall cause a reduction or cessation of the
Supplemental Savings Benefit or the Supplemental Pension Benefit of any Member
or Beneficiary accrued prior to the adoption of such vote of amendment or
termination. Notwithstanding the foregoing to the contrary, the Employer may
amend the Plan by vote duly adopted by the Human Resources Committee of the
Board of Directors as the Employer deems necessary or desirable to comply with
the requirements of Section 409A of the Code and the regulations thereunder,
regardless of whether any such amendment shall cause a reduction or cessation of
the Supplemental Savings Benefit or the Supplemental Pension Benefit of any
Member or Beneficiary accrued prior to the adoption of such vote of amendment.

8.04 Nonassignability. The benefits payable under this Plan shall not be subject
to alienation, assignment, garnishment, execution or levy of any kind, and any
attempt to cause any benefits to be so subjected shall not be recognized, except
to the extent required by applicable law.

8.05 Plan Administrator's Authority. The Plan Administrator shall have sole
discretionary authority to determine all questions arising in connection with
the Plan, to interpret the provisions of the Plan and to construe all of its
terms, to adopt, amend and rescind rules and regulations for the administration
of the Plan and generally to conduct and administer the Plan and to make all
determinations in connection with the Plan as may be necessary or advisable. All
such actions of the Plan Administrator shall be conclusive and binding on all
persons.

8.06 Successor Employer. The Bank and the Company shall require any successor
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to
all or substantially all of the business and/or assets of the Bank or the
Company to expressly assume and agree to perform under this Plan in the same
manner and to the same extent that the Bank and the Company would be required to
perform if no such succession had taken place. As used in this Plan, "Bank "and
"Company" shall mean the Bank and the Company respectively as hereinbefore
defined and any successor to its or their business and/or assets as aforesaid
which assumes and agrees to perform this Plan by operation of law, or otherwise
and, in the case of an acquisition of the Bank or the Company in which the
corporate existence of the Bank or the Company, as the case may be, continues,
the ultimate parent company following such acquisition. Subject to the
foregoing, the Bank and the Company may transfer and assign this Plan and the
Bank's and the Company's rights and obligations hereunder.

                                      -12-
<PAGE>

8.07 Governing Law. This Plan shall be construed and enforced in accordance
with, and governed by, the laws of the State of Connecticut to the extent not
superceded by the laws of the United States.

8.08 Withholding. The Employer may withhold from a payment any federal, state or
local taxes required by law to be withheld with respect to such payment and such
sum as the Employer may reasonably estimate is necessary to cover any taxes for
which the Employer may be liable and which may be assessed with regard to such
payments.

8.09 Illegality. The illegality of any particular provision of this document
shall not affect the other provisions and the document shall be construed in all
respects as if such invalid provision were omitted.

                                      -13-

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