Document:

Amended and Restated Non-Qualified Supplemental Employee Stock Ownership Plan

 EXHIBIT 10.11 
 THE PROVIDENT BANK 
 AMENDED AND RESTATED NON-QUALIFIED SUPPLEMENTAL 
 EMPLOYEE STOCK OWNERSHIP PLAN 

 THE PROVIDENT BANK 
 NON-QUALIFIED SUPPLEMENTAL 
 EMPLOYEE STOCK OWNERSHIP PLAN 
  

	 	1.	Purpose 

 This Non-Qualified
Supplemental Employee Stock Ownership Plan (“Plan”) is intended to provide Participants (as defined herein) or their Beneficiaries with the full dollar amount of Employer-provided pension benefits obtainable under The Provident Bank
Employee Stock Ownership Plan (“ESOP”) which may not be accrued under said ESOP due to the limitations imposed by Section 415 of the Internal Revenue Code (the “Code”) and the limitation on includible compensation imposed by
Section 401(a)(17) of the Code. The benefits provided under the Plan (as described below) are intended to constitute a deferred compensation plan for “a select group of management or highly compensated employees” for purposes of the
Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 
 This Plan is intended to comply with
Internal Revenue Code (“Code”) Section 409A and any regulatory or other guidance issued under such Section. At the effective date of the Plan additional guidance was being promulgated by the Department of Treasury. Any terms of this
Plan that conflict with such future guidance shall be null and void as of the effective date of the Plan. After such guidance is issued, the intent is to amend the Plan to delete any conflicting provisions and to add such other provisions as are
required to fully comply with Section 409A and any other legislative or regulatory requirement applicable to the Plan. This Plan shall be effective as of January 1, 2004. 
  

	 	2.	Definitions 

 Where the
following words and phrases appear in the Plan, they shall have the respective meaning as set forth below unless the context clearly indicates the contrary. Except to the extent otherwise indicated herein, and to the extent inconsistent with the
definitions provided below, the definitions contained in the ESOP are applicable under the Plan. 
 2.1
“Bank” means The Provident Bank. 
 2.2 “Beneficiary” means the person designated by the
Participant under the ESOP to receive benefits in the event of the Participant’s death. 
 2.3 “Board of
Directors” means the Board of Directors of The Provident Bank. 
 2.4 “Code” means the Internal
Revenue Code of 1986, as amended from time to time. Reference to a specific provision of the Code shall include such provision, any valid regulation or ruling promulgated thereunder and any comparable provision of future law that amends, supplements
or supersedes such provision. 
 2.5 “Committee” means the Benefits Committee of the Bank. 
 2.6 “Company” means Provident Financial Services, Inc. 
  

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 2.7 “Effective Date” means January 1, 2004. 
 2.8 “Employee” means an employee of the Employer on whose behalf benefits are payable under the ESOP. 
 2.9 “Employer” means The Provident Bank with respect to its employees, and any successors by merger, purchase,
reorganization or otherwise. If a subsidiary or affiliate of the Employer adopts the Plan, it shall be deemed the Employer with respect to its employees. 
 2.10 “ERISA” means the Employee Retirement Income Security Act of 1974 as amended from time to time. Reference to a specific provision of ERISA shall include such provision, any valid regulation or
ruling promulgated thereunder and any comparable provision of future law that amends, supplements or supersedes such provision. 
 2.11 “ESOP” means The Provident Bank Employee Stock Ownership Plan, and any successor thereto. 
 2.12 “Participant” means an Employee who has been designated for participation in this Plan pursuant to Section 3.1. 
 2.13 “Phantom Stock” means the unit of measurement of a Participant’s account hereunder denominated in hypothetical shares of the Company’s Stock. On any measurement date, the Phantom Stock
shall have a value equal to the fair market value of the Company’s Stock on such date. 
 2.14 “Plan”
means The Provident Bank Non-Qualified Supplemental Employee Stock Ownership Plan, as set forth herein and as may be amended from time to time. 
 2.15 “Plan Year” means the period from January 1, 2004 through December 31, 2004, and each January 1 to December 31 thereafter. 
 2.16 “Stock” means the common stock of the Company, par value $.01 per share. 
  

	 	3.	Participation 

 3.1
Designation to Participate. Upon the designation of the Board of Directors, Employees may become Participants at any time during the Plan Year. Each Employee initially selected by the Board to participate in the Plan shall be set forth on
Exhibit A attached hereto and made a part hereof. Participation in this Plan shall be limited to a select group of management or highly compensated employees of the Bank whose benefits under the ESOP are affected by Section 401(a)(17), 401(m),
or Section 415 of the Code and who are designated by the Board of Directors to participate in this Plan. 
 3.2
Continuation of Participation. An Employee who has become a Participant shall remain a Participant so long as benefits are payable to or with respect to such Participant under the Plan. 
  

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	 	4.	Benefit Requirements and Payments 

 4.1 Supplemental ESOP Benefits. A Participant shall be entitled to receive as a benefit from this Plan the supplemental ESOP benefit set forth below. In the event of the death of a Participant prior to the commencement of payment of
benefits hereunder, the beneficiary of the Participant shall be entitled to receive as a benefit from this Plan an amount equal to 100% of the supplemental ESOP benefit that would have been payable to the Participant at the time of his death. The
supplemental ESOP benefit is denominated in shares of Phantom Stock equal to the sum of the difference between “(a)” and “(b),” plus “(c)”, where: 
  

	 	(a)	is the number of shares of Stock that would have been allocated to the account of the Participant, and the earnings thereon, had the limitations of Sections 401(a)(17) and
415(c)(1)(A) and 415(c)(6) of the Code not been applicable; 

  

	 	(b)	is the number of shares of Stock actually allocated to the account of the Participant for the relevant ESOP plan year, and the earnings thereon; and 

  

	 	(c)	is the number of shares of Phantom Stock into which the dividends properly allocable to the Participant’s account under the Plan can be converted, based on the following: each
Plan Year, a determination shall be made as to the dividends that would be allocated to such Participant’s account hereunder for such year, based on the shares of Phantom Stock allocated thereto. As of the last day of such Plan Year, the cash
dividends so determined shall be converted to shares of Phantom Stock, based on the fair market value of the Company’s Stock on such date. 

 4.2 Eligibility and Vesting. 
  

	 	(a)	A Participant will be eligible to receive Supplemental ESOP Benefits only in the event he or she is an Active Participant as that term is defined under the ESOP.

  

	 	(b)	A Participant shall vest in his or her Supplemental ESOP Benefits under the same terms and conditions as the benefits provided under the ESOP. 

 4.3 Incidents of Supplemental ESOP Payments. Benefits under this Section 4 shall be payable to the Participant in a lump sum
upon the earliest to occur of the Participant’s: 
  

	 	(a)	“Separation from Service” as defined in guidance issued by the Treasury Department; 

  

	 	(b)	disability; “disabled” shall have the meaning set forth in Code Section 409A; or 

  

	 	(c)	death. 

  

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 Notwithstanding anything in the Plan to the contrary, to the extent required under section 409A of the
Code, no payment to be made to a specified employee (within the meaning of section 409A of the Code) on account of his Separation from Service shall be made sooner than six (6) months after such Separation from Service, and no payment shall be
made to a specified employee within the six (6) months after such Separation from Service by reason of disability (within the meaning of section 409A of the Code), unforeseeable emergency (within the meaning of section 409A of the Code) or
Change in Control Event that occurs after such Separation from Service. All payments required to be deferred hereunder shall be deferred to and payable on the first day of the seventh calendar month to begin after such Separation from Service.

 4.4 Form of Supplemental ESOP Payments. A Participant’s supplemental ESOP benefits under Section 4.l of
this Plan shall be a benefit paid in cash. 
  

	 	5.	Administration of the Plan 

 5.1 Committee; Duties. This Plan shall be administered by the Committee which shall consist of not less than three (3) persons appointed by the Board of Directors or its designee. The Committee shall have the authority to make,
amend, interpret and enforce all appropriate rules and regulations for the administration of the Plan and decide or resolve any and all questions, including interpretations of this Plan, that may arise in connection with the administration of the
Plan; provided, however, that any such interpretations, rules and/or regulations shall be consistent with the requirements of Code Section 409A and any Treasury Regulations or other guidance issued thereunder. A majority vote of the Committee
members shall control any decision. Members of the Committee may be Participants under the Plan. 
 5.2 Agents. The
Committee may, from time to time, employ other agents and delegate to them such administrative duties as it sees fit, and may from time to time consult with counsel who may be counsel to the Employer. 
 5.3 Binding Effect of Decisions. The decision or action of the Committee regarding any question arising out of or in connection
with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Plan. 
 5.4 Indemnity of Committee. The Employer shall indemnify and hold harmless the members of the Committee against any and all claims,
loss, damage, expense or liability arising from any action or failure to act with respect to this Plan, except in the case of gross negligence or willful misconduct. 
  

	 	6.	Claims Procedure 

 6.1
Claim. Any person claiming a benefit, requesting an interpretation or ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Committee which shall respond in writing within thirty
(30) days. 
  

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 6.2 Denial of Claim. If the claim or request is denied, the written notice of
denial shall state: 
  

	 	(a)	the reason for denial, with specific reference to the Plan provisions on which the denial is based. 

  

	 	(b)	a description of any additional material or information required and an explanation of why it is necessary. 

  

	 	(c)	an explanation of the Plan’s claim review procedure. 

 6.3 Review of Claim. Any person whose claim or request is denied or who has not received a response within thirty (30) days may request review by notice given in writing to the Committee. The claim or
request shall be reviewed by the Committee who may, but shall not be required to, grant the claimant a heating. On review, the claimant may have representation, examine pertinent documents, and submit issues and comments in writing. 
 6.4 Final Decision. The decision on review shall normally be made within sixty (60) days. If an extension of time is required
for a hearing or other special circumstances, the claimant shall be notified and the time limit shall be one hundred twenty (120) days. The decision shall be in writing and shall state the reason and the relevant plan provisions. All decisions
on review shall be final and bind all parties concerned. 
  

	 	7.	Amendment or Termination 

 7.1 Amendment of Plan. A majority of the Board of Directors may amend this Plan at any time or from time to time. However, no such amendment shall adversely affect the benefits of the Participant which have accrued prior to such
action except to the extent such amendment is necessary to comply with section 409A of the Code and the regulations thereunder. 
 7.2 Termination of Plan. The Plan shall not be terminated until all benefits payable under the terms of the Plan are either paid or forfeited. Unless permitted under Code Section 409A, the termination of the Plan shall not cause
the acceleration of benefits payable hereunder. 
  

	 	8.	Miscellaneous 

 8.1
Unfunded Plan. This Plan is intended to be an unfunded plan maintained primarily to provide deferred compensation benefits for a select group of management or highly compensated employees. However, the Employer may elect to fund for the
benefits of Participants as described in Section 8.3 below. This Plan will continue to be unfunded for tax purposes and Title I of ERISA even if benefits are funded by the Employer under Section 8.3 below. 
 8.2 Unsecured General Creditor. The Participant and his Beneficiaries, heirs, successors and assigns shall have no legal or
equitable rights, interest or claims in any property or assets of the Employer, nor shall they be beneficiaries of, or have any rights, claims or interests in any life insurance policies, annuity contracts or the proceeds therefrom owned or which
may be acquired by the Employer. Such policies or other assets of the Employer shall not be held under any trust for the benefit of Participants, their Beneficiaries, heirs; successors or 

  

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assigns, or held in any way as collateral security for the fulfilling of the obligations of Employer under this Plan, Any and all of the Employer’s
assets shall be, and remain, the general, unpledged, unrestricted assets of the Employer. The Employer’s obligation under the Plan shall be that of an unfunded and unsecured promise of the Employer to pay money in the future. 
 8.3 Trust Fund. The Employer shall be responsible for the payment of all benefits provided under the Plan. At its discretion, the
Employer may establish one (1) or more trusts, with such trustees as the Board may approve, for the purpose of providing for payment of such benefits. Such trust or trusts may be irrevocable, but the assets thereof shall be subject to the
claims of the Employer’s creditors. To the extent any benefits provided under the Plan are actually paid from any such trust, the Employer shall have no further obligation with respect thereto, but to the extent not so paid, such benefits shall
remain the obligation of, and shall be paid by, the Employer. 
 8.4 Nonassignability. Neither the Participant nor any
other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which
are, and all rights to which are, expressly declared to be unassignable and nontransferable. No part of the amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or
separate maintenance owed by a Participant or any other person, nor be transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency. 
 8.5 Expenses of Plan. All expenses of the Plan will be paid by the Employer. 
 8.6 Change in Control of the Company or the Bank. Notwithstanding any other provision herein and except as otherwise provided in
the case of a “specified employee” under section 4.3, to the extent permitted under Code Section 409A, there shall become immediately due and payable upon a Change in Control of the Company or the Bank, a Participant’s
supplemental ESOP benefit in a lump sum payment. A “Change in Control” shall mean a change in the ownership or effective control of the Company or Bank, or in the ownership of a substantial portion of the assets of the Company or Bank, as
defined in the regulations used by the Treasury Department and/or other guidance issued by the Treasury Department or Internal Revenue Service under Code Section 409A. 
 8.7 Withholding; Payroll Taxes. The Employer shall withhold from payments made to the Participant from the Plan any taxes required
to be withheld from the Participant’s wages for the federal or any state or local government. 
 8.8 Participation by
Subsidiaries and Affiliates. If any employer is now or hereafter becomes a subsidiary or affiliated company of the Employer and its employees participate in the ESOP, the Board of Directors may authorize such subsidiary or affiliated company to
participate in this Plan upon appropriate action by such employer necessary to adapt the Plan. 
  

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 8.9 Delivery of Elections to Committee. All elections, designation, requests,
notices, instructions and other communications required or permitted under the Plan from the Employer, a Participant, Beneficiary or other person to the Committee shall be on the appropriate form, shall be mailed by electronic mail, first-class mail
or delivered to such address as shall be specified by such Committee, and shall be deemed to have been given or delivered only upon actual receipt thereof by such Committee at such location. 
 8.10 Delivery of Notice to Participants. All notices, statements, reports and other communications required or permitted under the
Plan from the Employer or the Committee to any Officer, Participant, Beneficiary or other person, shall be deemed to have been duly given when delivered to, or when mailed by electronic mail, first-class mail, postage prepaid, and addressed to such
person at this address last appearing on the records of the Committee. 
  

	 	9.	Construction of the Plan 

 9.1
Construction of the Plan. The provisions of this Plan shall be construed, regulated, and administered according to the laws of the Stale of New Jersey, to the extent not superseded by Federal law. 
 9.2 Counterparts. This Plan has been established by the Employer in accordance with the resolutions adopted by the Board of
Directors and may be executed in any number of counterparts, each of which shall be deemed to be an original. All the counterparts shall constitute one instrument, which may be sufficiently evidenced by any one counterpart. 
 9.3 Validity. In case any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity
shall not affect the remaining parts hereof, but this Plan shall be construed and enforced as if such illegal or invalid provision had never been inserted herein. 
 9.4 Effect of Restatement. The provisions set forth herein take effect (a) as of any date prior to January 1, 2009 on
which effectiveness is required in order to comply with section 409A of the Code and the regulations thereunder and (b) in all other cases, on January 1, 2009. 
 [signature page follows] 
  

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 IN WITNESS WHEREOF, and as evidence of the adoption of the
Plan by the Employer, it has caused the same to be signed by its Officer duly authorized, and its corporate seal to be affixed this 18th day of
December, 2008. 
  

									
	ATTEST:	 		 	THE PROVIDENT BANK
				
	/s/ Mary Louise Festa	 		 	By:	 	/s/ Janet Krasowski
		 		 		 	Name:	 	Janet Krasowski
		 		 		 	Title:	 	Senior Vice President

  

 8Amendment No.2 dtd February 28, 2009

 Exhibit 10.1 
 AMENDMENT NO. 2 
 TO 
 SERVICES AGREEMENT 
 This AMENDMENT NO. 2 (the “Amendment”),
dated as of February 28, 2009, to the Services Agreement (the “Original Agreement”) dated as of May 23, 2007, by and between SPECTRUM GLOBAL FUND ADMINISTRATION, L.L.C., a Delaware limited liability company
(“Company”), on the one hand, and WORLD MONITOR TRUST II – SERIES D (“Series D”), WORLD MONITOR TRUST II – SERIES E (“Series E”) and WORLD MONITOR TRUST II – SERIES F (“Series
F”), each of which are separate series of WORLD MONITOR TRUST II, a Delaware statutory trust (“WMT II” and, together with Series D, Series E and Series F, the “Client”), on the other hand, as amended by
Amendment No. 1 to the Original Agreement dated January 1, 2009. 
 W I T N E S S E T H : 
 WHEREAS, the Company and the Client entered into the Original Agreement; and 
 WHEREAS, the Company and the Client desire to amend the Original Agreement. 
 NOW, THEREFORE, the parties hereto do hereby agree as follows: 
 1. Amendment to the Original Agreement. The Company and the Client agree that Exhibit B to the Original Agreement shall be deleted in its entirety and replaced with Exhibit B attached hereto. 

2. Remainder of Original Agreement. Except as provided in Section 1 hereof, the Original Agreement remains unchanged and in full force and effect,
and each reference to the Original Agreement and words of similar import in the Agreement, as amended hereby, shall be a reference to the Original Agreement as amended hereby and as the same may be further amended, supplemented and otherwise
modified and in effect from time to time. 
  

	3.	Miscellaneous. 

 (a) Capitalized
Terms. Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Original Agreement. 
 (b) Entire
Agreement. This Amendment No. 2 constitutes the entire agreement and understanding of the parties hereto with respect to its subject matter and supercedes all oral communication and prior writings (except as otherwise provided herein) with
respect thereto. 

 (c) Amendments. No amendment, modification or waiver in respect of this Amendment No. 2 will
be effective unless in writing (including a writing evidenced by facsimile transmission) and executed by each of the parties hereto. 
 (d)
Counterparts. This Amendment No. 2 may be executed and delivered in counterparts (including by facsimile), each of which will be deemed an original. 
 (e) Headings. The headings used in this Amendment No. 2 are for convenience of reference only and are not to affect the constructions of or be taken into consideration in interpreting this Amendment
No. 2. 
 [Remainder of page intentionally left blank] 
  

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 IN WITNESS WHEREOF, this Agreement has been executed for and on behalf of the undersigned as of
the day and year first written above. 
  

									
	CLIENT:	 		 	
			
	WORLD MONITOR TRUST II – SERIES D	 		 	 COMPANY:
  
 SPECTRUM GLOBAL FUND ADMINISTRATION,
L.L.C.

					
	By:	  	 Preferred Investment Solutions Corp.,
 its
Managing Owner
	 		 	 By:
 Name:
 Title:
	 	 /s/    Carol A. Burke
 Carol A. Burke
 Chief Executive Officer
  

	  
 By:
	  	  
 /s/    Esther E. Goodman

	 		 		 	
	Name:	  	Esther E. Goodman	 		 		 	
	Title:	  	Senior Executive Vice President	 		 		 	
		  	and Chief Operating Officer	 		 		 	
				
	WORLD MONITOR TRUST II – SERIES E	 		 		 	
					
	By:	  	Preferred Investment Solutions Corp., its Managing Owner	 		 		 	
					
	By:	  	 /s/    Esther E. Goodman
	 		 		 	
	Name:	  	Esther E. Goodman	 		 		 	
	Title:	  	Senior Executive Vice President	 		 		 	
		  	and Chief Operating Officer	 		 		 	
				
	WORLD MONITOR TRUST II – SERIES F	 		 		 	
					
	By:	  	Preferred Investment Solutions Corp., its Managing Owner	 		 		 	
					
	By:	  	 /s/    Esther E. Goodman
	 		 		 	
	Name:	  	Esther E. Goodman	 		 		 	
	Title:	  	Senior Executive Vice President	 		 		 	
		  	and Chief Operating Officer	 		 		 	

  

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 EXHIBIT B: SERVICE FEES AND PAYMENT 
 Implementation Fee: 
 None 
 Administrative Services Fee: 
 Series D:

 0.12% per annum of net assets in managed accounts in the name of Series D 
 No charge for net assets invested by Series D in any aggregate trading vehicle for which the Company is paid an administrative services fee 

Series E: 
 0.12% per
annum of net assets in managed accounts in the name of Series E 
 No charge for net assets invested by Series E in any aggregate trading
vehicle for which the Company is paid an administrative services fee 
 Series F: 
 0.12% per annum of net assets in managed accounts in the name of Series F 
 No charge for net assets invested by Series F in any aggregate trading vehicle for which the Company is paid an administrative services fee

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