Document:

FIRST AMENDMENT TO SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

 Exhibit 10.2 
  
 FIRST AMENDMENT TO TERADYNE, INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 January 6, 2000 
  
 WHEREAS, effective January 1, 1993, Teradyne, Inc. (the Employer) adopted the
Teradyne, Inc. Supplemental Executive Retirement Plan (DB SERP); and 
  
 WHEREAS, the Employer has reserved the right to amend the DB SERP in accordance with its provisions; and 
  
 WHEREAS, the Employer, effective January 1, 1980, adopted the Retirement Plan for Employees of Teradyne, Inc., (Retirement Plan) which was
subsequently amended and restated as of January 1, 1987 and further amended as of January 1, 1989 and amended and restated effective as of January 1, 2000; 
  
 NOW, THEREFORE, the DB SERP is hereby amended effective as of the date of execution below as follows: 
  
 Article 4.4 of the DB SERP is hereby deleted and the following new Article
4.4 inserted in lieu thereof: 
  
 “ARTICLE 4.4 PAYMENT
OF BENEFITS 
  
 4.4.1 Payment of Retirement
Income 
  
 Retirement income shall be paid the first day of each month
commencing upon the later of the Member’s Normal Retirement Date or the date on which such Member attains his or her Social Security Retirement Age, as the case may be, unless the Member is eligible for and has elected to have his or her
retirement income payments commence on the Member’s Early Retirement Date or the Member’s Disability Retirement Date. 
  

 -1- 

 4.4.2 Life Annuity 
  
 The annual amount of retirement income payable to any Member who is not legally married on his or her retirement commencement date or who is married but has made a valid
election to receive his or her retirement income in the form specified in this section 4.4.2 rather than in the form specified in 4.4.3 of the DB SERP shall be payable for the life of the Member only, unless another optional form of payment has been
elected pursuant to Section 4.4.4 below. 
  
 4.4.3 Automatic Joint and
Survivor Annuity for Married Members 
  
 Except as otherwise provided herein,
retirement income payable hereunder to any Member who is legally married on his or her retirement income commencement date will be automatically paid to the Member and his or her Spouse in the form of a joint and survivor annuity. The joint and
survivor annuity shall provide for retirement income to the Member and the Member’s Spouse in the same amount and the same manner as if the Member had elected Option B of section 4.4.4 below, providing for 50 percent of the Member’s
reduced retirement income to be continued to his or her Spouse as contingent annuitant. 
  
 4.4.4 Optional Forms 
  
 At any time prior to the actual
retirement date or other termination of employment date, a Member may elect, in lieu of either the life annuity form described in section 4.4.2 above or the joint and survivor annuity form described in section 4.4.3, whichever is applicable, to

  

 -2- 

 
receive retirement income under Section 4.4.2 or any one of the options described below, provided however that any such election shall be subject to the
prior approval of the Committee. An optional form shall be the Actuarial Equivalent, as defined in 2.1(b) of the Retirement Plan, of the life annuity described in section 4.4.2 that would otherwise be payable to the Member. 
  
 Option A – Period Certain and Life Option. A reduced rate of retirement income
payable to the Member during his or her retired life, but guaranteed for a period of 5,10, or 20 years, at the election of the Member, from the date retirement income commences. If the Member dies before expiration of the period certain, payments
shall be continued to the Member’s designated beneficiary for the remainder of the period certain. 
  
 If the Member’s designated beneficiary dies while further payments are due, such further payments shall be made to any person designated by the Member as an alternate beneficiary, or, in the absence of such
designation, the value of such payments shall be paid to the estate of the last surviving beneficiary in one lump sum. If the Member dies after this Option A has gone into effect, but has failed to designate a beneficiary, the payments shall be made
to the Member’s surviving Spouse, or if none, to the Member’s estate. 
  
 Option B – Contingent Annuitant Option. A reduced rate of retirement income payable during the lifetime of the Member with a percentage, either 50 percent, 75 percent, or 100 percent to be designated by the Member, of said
income payable after the Member’s death to his or her designated contingent annuitant for such contingent annuitant’s lifetime. 
  

 -3- 

 If either the beneficiary under Option A or the contingent annuitant under Option B dies before the retirement
commencement date, the election shall be deemed null and void, but the Member shall be entitled to make another election or designate a new contingent annuitant or beneficiary. 
  
 In the absence of such new election or new designation, as the case may be, retirement income will be paid to the Member under section 4.4.2
or 4.4.3, whichever is applicable. 
  
 If the contingent annuitant under Option B
dies after the option has become effective, the option shall continue in effect, the annual amount of retirement income payable to the Member at the time of the contingent annuitant’s death shall remain unchanged, and no further retirement
income shall be payable upon the subsequent death of the Member. 
  
 If the
beneficiary under Option A dies at any time prior to the Member’s death, the option shall remain effective and the Member may designate a new beneficiary. In the event the beneficiary under Option A dies after benefit payments have begun to the
Member and the Member designates a new beneficiary, the period of time over which the benefits are to be paid shall not change. 
  
 In order to be effective, any election shall be made to the Committee and must be approved by it no later than the date the Member’s retirement income is to commence
and shall be in writing on forms provided by the Committee. A Member may revoke the Member’s election of an option at any time prior to his or her retirement commencement date and may elect the automatic form of payment or another option.”

  

 -4- 

 IN WITNESS WHEREOF, TERADYNE, INC. has caused this instrument to be executed and effective on this 6th
day of January, 2000. 
  

									
	ATTEST:	 	 	 	TERADYNE, INC.
					
	 By:
	 	/S/ KATHLEEN DOWNES	 	 	 	By:	 	/S/ STUART OSATTIN
	 	 	 	 	 	 	 	 	 

  

 -5-Form of OceanFirst Financial Corp. Deferred Incentive Compensation Award Program

 Exhibit 10.19 
 OceanFirst Financial Corp. 
 Deferred Incentive Compensation Award Program 
 Article 1 
 Effective
Date and Purpose 
 1.1 Effective Date. The OceanFirst Financial Corp. Deferred Incentive Compensation Award Program (the
“Program”) is effective as of January 1, 2001. 
 1.2 Purpose. The Program is a deferred compensation plan, the primary
purpose of which is to provide OceanFirst Financial Corp. (the “Company”) and its affiliates the ability to attract and retain employees of outstanding competence by providing such individuals with deferred compensation in units equivalent
to shares of Company common stock (“Common Stock”). 
 Article 2 
 Administration 
 2.1 The Committee. The Program shall be administered by
the Human Resource/Compensation Committee of the Board of Directors of the Company or any other successor committee appointed by the Board of Directors (the “Committee”). 
 2.2 Authority of the Committee. The Committee shall have authority to select eligible employees of the OceanFirst Bank (the “Bank”) or
its affiliates for participation in the Program; determine the terms and conditions of each employee’s participation in the Program; interpret the Program; establish, amend, or waive rules and regulations for the Program’s administration;
and, subject to Article 8, amend the terms and conditions of the Program and any agreement entered into under the Program. Further, the Committee shall make all other determinations which may be necessary or advisable for the administration of the
Program. As permitted by law, the Committee may delegate any of its authority granted under the Program to such other person or entity it deems appropriate, including but not limited to, senior management of the Bank. 
 2.3 Guidelines. Subject to the provisions herein, the Committee may adopt written guidelines for the implementation and administration of the
Program. 
 2.4 Decisions Binding. Subject to the provisions of Article 9, all determinations and decisions of the Committee arising
under the Program shall be final, binding and conclusive upon all parties. 
 Article 3 
 Eligibility and Participation 
 3.1
Eligibility. Subject to Sections 3.2 and 3.3, persons eligible to be selected to participate in the Program in any fiscal year shall include full-time, salaried or commission-based employees of the Bank, its subsidiaries, and affiliates who
are key employees, as determined by the Committee in its sole discretion. 
  

 1 

 3.2 Limitation on Eligibility. It is the intent of the Company that the Program qualify for
treatment as a “top hat” plan under the Employee Retirement Income Security Act of 1974, as amended from time to time, or any successor Act thereto (“ERISA”). Accordingly, to the extent required by ERISA to obtain such “top
hat” treatment, eligibility shall be extended only to those executives who comprise a select group of management or highly compensated employees. Further, the Committee may place such additional limitations on eligibility as it deems necessary
and appropriate under the circumstances. 
 3.3 Participation. Participation in the Program and the extent of such participation shall
be determined by the Committee based upon the criteria set forth in Sections 3.1 and 3.2 of the Program. An employee who is chosen to participate in the Program in any year (a “Participant”) shall be so notified in writing through an
agreement evidencing an award under the Program (a “Deferred Incentive Compensation Award Agreement”). In the event a Participant selected to participate in the Program no longer meets the criteria for participation, such Participant shall
become an inactive Participant, retaining all the rights described under the Program until such time as the Participant again becomes an active Participant or receives a distribution of his deferred compensation or forfeits his deferred compensation
under the Program. 
 3.4 No Right to Participate. Except as otherwise set forth in a Participant’s Deferred Compensation
Agreement, no employee shall have the right to be selected as a Participant, or having been so selected for any given year, to be selected again as a Participant for any other year. 
 Article 4 
 Deferral Opportunity 
 4.1 Deferrals. The Bank, in it sole discretion, may, but shall not be required to, credit to a Participant’s account any amount it determines
appropriate, as set forth in a Deferred Incentive Compensation Award Agreement. The amount so credited, if any, may vary from Participant to Participant. 
 4.2 Length of Deferral. The deferral periods shall be set forth in the Deferred Incentive Compensation Award Agreement, subject to any vesting schedule set forth in such agreement. 
 4.3 Distribution of Deferred Amounts. 
 (a) Participants shall receive distribution of deferred amounts at the end of the deferral period in a single lump sum distribution or in such other format approved by the Committee. 
  

 2 

 (b) Such distribution shall be made in the form of whole shares of Common Stock within one hundred and
twenty (120) calendar days of the date specified for distribution in the agreement, or as soon thereafter as practicable. 
 (c)
Alternative Schedule. A participant may submit an alternate distribution schedule to the Committee for approval; provided, however, that no such alternate schedule shall be permitted unless approved by the Committee. 
 (d) Limitation on Form of Distribution. Distributions under this Program shall be made solely in the form of whole shares of Common Stock and the
Company shall be under no obligation to distribute any amount in cash. 
 (e) Death Benefits; Beneficiary Designation. If a
Participant dies before the end of a deferral period or prior to termination of employment, or after distribution of the Participant’s account has commenced but prior to the distribution of all amounts to which the Participant is entitled under
the Program, the Participant’s account shall be distributable or shall continue to be distributed in accordance with this Section 4.3 to the person or persons designated pursuant to this subsection (e). A Participant may from time to time
designate in writing on a form prescribed by the Committee for such purpose a person or persons (named contingently or successively) to receive benefits distributable under this Program upon or after the Participant’s death. Such designation
may be changed from time to time by the Participant by filing a new designation. Each designation shall revoke all prior designations by the Participant. In the absence of a valid beneficiary designation, the Participant’s benefits shall be
distributable to his or her surviving spouse, or, if the Participant is not survived by a spouse, to his or her estate. 
 4.4 Financial
Hardship. The Committee shall have the authority to alter the timing or form of distribution of deferred amounts in the event that the Participant establishes, to the satisfaction of the Committee, severe financial hardship. In such event, the
Committee may, in its sole discretion: 
 (a) Authorize the cessation of deferrals on account of the Participant under the Program, or

 (b) Provide that all or a portion of the amount previously deferred on account of the Participant shall immediately be paid in a lump sum
distribution in the form of shares of Common Stock; or 
 (c) Provide for an installment schedule as deemed appropriate by the Committee
under the circumstances. 
 For purposes of this Section 4.4, “severe financial hardship” shall be determined by the
Committee, in its sole discretion, in accordance with all applicable laws. Notwithstanding any other provision of this Program, the Committee’s decision with respect to the severity of financial hardship shall be final, conclusive, and not
subject to appeal. 
  

 3 

 Article 5 
 Deferred Compensation Accounts 
 5.1 Participant Accounts. The Company shall establish and
maintain an individual bookkeeping account for deferrals made on account of each Participant under Article 4. Each account shall be credited as of the date the deferred compensation is granted to the Participant, or as otherwise determined in the
Participant’s Deferred Incentive Compensation Award Agreement. 
 5.2 Valuation of Deferred Amounts. Amounts credited to a
Participant’s deferred compensation account (“Account”) shall be credited solely in the form of “Common Stock Units” with each unit equivalent to one (1) share of Common Stock. 
 The following additional rules shall apply to Common Stock Units: 
 (a) The Participant’s Account shall also be credited with additional Common Stock Units equal to the dollar amount of dividends or other distributions on the common stock paid by the Company from time to time
during the deferral period on the number of shares of Common Stock equal to the number of Common Stock Units then credited to the Participant’s Account divided by the average of the high and low trading prices of the Common Stock on the payment
date. 
 (b) In the event of any change in the outstanding shares of the Common Stock by reason of any stock dividend or split,
recapitalization, merger, consolidation, spin-off, reorganization, combination or exchange of shares, change in control or other similar corporate change, then an equitable equivalent adjustment shall be made in the Common Stock Units credited to
Accounts under the Program. 
 (c) When distribution of a Participant’s Account occurs, such distribution shall be made solely by
transferring to the Participant or beneficiary a number of shares of the Common Stock equal to the number of whole units then distributable from the Participant’s Account. On any distribution date, fractional Common Stock Units shall be rounded
up to the nearest whole unit. 
 5.3 Charges Against Accounts. There shall be charged against each Participant’s deferred
compensation Account any distributions made to the Participant or to his or her beneficiary. 
 Article 6 
 Rights of Participants 
 6.1
Contractual Obligation. The Program shall create a contractual obligation on the part of the Company to make distributions from the Participant’s Account when due. 
 6.2 Unsecured Interest. No Participant or party claiming an interest in amounts deferred on behalf of a Participant shall have any interest
whatsoever in any specific asset of the Company, the Bank, or their affiliates. To the extent that any party acquires a right to receive distributions under the Program, such right shall be equivalent to that of an unsecured general creditor of the
Company, the Bank, or their affiliates. 
  

 4 

 6.3 Authorization for Trust. The Company may, but shall not be required to, establish one or more
trusts, with such trustee as the Committee may approve, for the purpose of providing for the distribution of deferred amounts. Such trust or trusts may be irrevocable, but the assets thereof shall be subject to the claims of the creditors of the
Bank or the Company. To the extent any amounts deferred under the Program are actually paid from any such trust, the Company shall have no further obligation with respect thereto, but to the extent not so paid, such deferred amounts shall remain the
obligation of, and shall be paid by, the Company or the Bank. 
 6.4 Employment. Nothing in the Program shall interfere with nor
limit, in any way, the right of the Bank or any affiliate of the Bank to terminate any Participant’s employment at any time, nor confer upon any Participant any right to continue in the employ of the Bank or any affiliate of the Bank. Neither
the Program nor any agreement issued under the Programs constitute or is not intended to constitute a modification or waiver of any of the terms contained in the Company Employee Handbook currently in use and any violation of Company policy as set
forth in the Handbook can result in forfeiture of all vested and unvested awards subject to this Program. 
 Article 7 
 Withholding of Taxes 
 The Company
shall have the right to require Participants to remit to the Company or its affiliates an amount sufficient to satisfy any withholding tax requirements or to deduct from all distributions made pursuant to the Program amounts sufficient to satisfy
withholding tax requirements. 
 Article 8 
 Amendment and Termination 
 The Company hereby reserves the right to amend, modify, or terminate the
Program at any time by action of the Board of Directors, provided, however, that no such amendment or termination shall in any material manner adversely affect any Participant’s rights to amounts previously deferred hereunder without the
consent of the Participant. 
 Article 9 
 Claims Procedure 
 (a) Claim. A person who believes that he is being denied a benefit to which
he is entitled under this Program (hereinafter referred to as a “Claimant”) may file a written request for such benefit with the Company, setting forth his claim. The request must be addressed to the Secretary of the Board of Directors at
the Company’s then principal place of business. 
 (b) Claim Decision. Upon receipt of a claim, the Committee shall advise the
Claimant that a reply will be forthcoming within ninety (90) days and shall, in fact, deliver such reply within such period. The Committee may, however, extend the reply period for an 

  

 5 

 
additional ninety (90) days for reasonable cause. If the claim is denied in whole or in part, the Committee shall adopt a written opinion, using
language calculated to be understood by the Claimant, setting forth: 
 (i) The specific reason or reasons for such denial;

 (ii) The specific reference to pertinent provisions of this Program on which such denial is based; 
 (iii) A description of any additional material or information necessary for the Claimant to perfect his claim and an explanation why such
material or such information is necessary; 
 (iv) Appropriate information as to the steps to be taken if the Claimant wishes
to submit the claim for review; and 
 (v) The time limits for requesting a review of the decision and for review of the
decision. 
 (c) Request for Review. Within sixty (60) days after the receipt by the Claimant of the written
opinion described above, the Claimant may request in writing that the Board of Directors review the determination of the Committee. Such request must be addressed to the Secretary of the Board of Directors, at its then principal place of business.
The Claimant or his duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Board of Directors. If the Claimant does not request a review of the
Committee’s determination by the Board of Directors within such sixty (60) day period, he shall be barred and stopped from challenging the Committee’s determination. 
 (d) Review of Decision. Within sixty (60) days after receipt of a request for review, the Board of Directors will review the Committee’s
determination. After considering all materials presented by the Claimant, the Board of Directors will provide the Claimant with a written opinion, written in a manner calculated to be understood by the Claimant, setting forth the specific reasons
for the decision and containing specific references to the pertinent provisions of this Program on which the decision is based. If special circumstances require that the sixty (60) day time period be extended, the Secretary of the Board will so
notify the Claimant and will render the decision as soon as possible, but no later than one hundred twenty (120) days after receipt of the request for review. 
 Article 10 
 Miscellaneous 
 10.1 Notice. Except as otherwise provided herein, any notice or filing required or permitted to be given to the Company under the Program shall be
sufficient if in writing and hand delivered, or sent by registered or certified mail to the Secretary of the Company. Notice to the Secretary, if mailed, shall be addressed to the principal executive offices of the Company. Notice mailed to a
Participant shall be at such address as is given in the records of the Company. Notices shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or
certification. 
  

 6 

 10.2 Nontransferability. Participant’s rights to deferred amounts credited under the Program
may not be sold, transferred, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. In no event shall the Company make any distribution under the Program to any assignee or creditor of a
Participant. 
 10.3 Severability. In the event any provision of the Program shall be held illegal or invalid for any reason, the
illegality or invalidity shall not affect the remaining parts of the Program, and the Program shall be construed and enforced as if the illegal or invalid provision had not been included. 
 10.4. Costs of the Program. All costs of implementing and administering the Program shall be borne by the Company or an affiliate of the Company.
The Company may use assets of any trust to pay any costs or expenses related to trust activities. 
 10.5 Status under ERISA. The
Program is intended to be an unfunded Program which is maintained primarily to provide deferred compensation benefits for a select group of “management or highly compensated employees” within the meaning of Sections 201, 301, and 401 of
ERISA, and to therefore be exempt from the provisions of Parts 2, 3, and 4 of Title 1 of ERISA. 
 10.6 Applicable Law. The Program
shall be governed by and construed in accordance with the laws of the State of New Jersey. 
 10.7 Successors. All obligations of the
Company, the Bank, or their affiliates under the Program shall be binding on any successor to the Company, the Bank, or their affiliates, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation,
or otherwise, of all or substantially all of the business and/or assets of the Bank, the Company, or their affiliates. 
  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]