Document:

Amended and Restated Supplemental Retirement Agreement

 Exhibit 10.2 
 AMENDED AND RESTATED 
 SUPPLEMENTAL RETIREMENT AGREEMENT 
 THIS AMENDED AND RESTATED AGREEMENT is made and entered into as of the 23rd day of October, 2007, by and between Strata Bank, a bank chartered under the laws of
Massachusetts with its headquarters located in Medway, Massachusetts (the “Bank”), Service Bancorp, MHC, a corporation chartered under the laws of Massachusetts (“Service Bancorp, MHC” or “MHC”), Service Bancorp, Inc.,
a corporation chartered under the laws of Massachusetts (the “Company”) and Pamela J. Montpelier (the “Executive”). 
 WITNESSETH: 
 WHEREAS, the Executive is employed by MHC, the Company and the Bank in senior executive capacities, respectively;

 WHEREAS, because of the Executive’s experience, knowledge of the affairs of the Company, and reputation and contacts in the
Company’s industry, the Company deems the Executive’s continued employment with the Company important for its future growth; 
 WHEREAS, it is the desire of the Company and in its best interest that the Executive’s services be retained; 
 WHEREAS, in
order to induce the Executive to continue in the employ of the Company, the Company, MHC, the Bank and the Executive entered a Supplemental Retirement Agreement (the “Agreement”) dated March 18, 2003 to provide her or her
beneficiaries with certain benefits in accordance with the terms and conditions hereinafter set forth; 
 WHEREAS, the Company, MHC, the Bank
and the Executive amended and restated the Agreement, effective December 13, 2005, to comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the proposed regulations and
transition guidance promulgated thereunder; and 
 WHEREAS, the Company, MHC, the Bank and the Executive now desire to amend and restate the
Agreement, effective January 1, 2005, to comply with final regulations governing the application of Section 409A of the Code; 
 NOW, THEREFORE, in consideration of services performed in the past and to be performed in the future as well as of the mutual promises and covenants herein contained, it is agreed as follows: 
 ARTICLE I—DEFINITIONS 
 1.01
“Accrued Benefits” shall mean the Executive’s Normal Retirement Benefit calculated on the basis of the Benefit Computation Base as of the date on which the Executive’s employment with the Company terminates, multiplied by a
fraction, the numerator of which is the actual number of full years (not to exceed 15) between October 24, 2000, and the date on which Executive’s employment with the Company terminates, and the denominator of which is 15. 

 1.02 “Actuarial Equivalent” shall mean a benefit of equivalent current value to the benefit
which could otherwise have been provided to the Executive, computed on the basis of an annual interest rate equal to 100% of the appropriate (i.e., short-term, mid-term or long-term, as the case may be) Applicable Federal Rate (as described in
Section 1274 of the Internal Revenue Code of 1986, as amended (the “Code”)) (the “AFR”) in effect for the month during which any such lump sum payment is to be made. If an Actuarial Equivalent is paid in the discretion of
the Committee or the Board of Directors of the Company over a period of time not to exceed 60 months, such payments shall include interest at the appropriate AFR. 
 1.03 “Benefit Computation Base” shall mean the Executive’s average base salary (without bonus or profit sharing) from the Company over the 12 consecutive complete calendar months during which the
Executive’s base salary is the highest, determined without regard for reductions pursuant to Sections 125, 132(f)(4) or 401(k) of the Code. 
 1.04 “Board of Directors” shall mean the Board of Directors of the Company, the Board of Directors of the Bank, and the Board of Trustees of MHC, as applicable. 
 1.05 “Cause” shall mean: 
 (a)
dishonest statements or acts of the Executive concerning material matters relating to the Company or any affiliate of the Company; 
 (b) the
commission by or indictment of the Executive for (i) a felony or (ii) any misdemeanor involving moral turpitude, deceit, dishonesty or fraud (“indictment,” for these purposes, meaning an indictment, probable cause hearing or any
other procedure pursuant to which an initial determination of probable or reasonable cause with respect to such offense is made); 
 (c)
failure to perform to the reasonable satisfaction of the Board of Directors a substantial portion of the Executive’s duties and responsibilities assigned or delegated by the Board of Directors, which failure continues, in the reasonable
judgment of the Board of Directors, after written notice given to the Executive by the Board of Directors; 
 (d) gross negligence, willful
misconduct or insubordination of the Executive with respect to the Company or any affiliate of the Company; or 
 (e) material breach by the
Executive of any of the Executive’s obligations under this Agreement or under any Employment Agreement in effect between the Executive and the Company. 
 1.06 “Change in Control” shall mean the occurrence of one or more of the following events: 
 (a)
following any conversion of Service Bancorp, MHC from mutual to stock form, any “person” (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) becomes a
“beneficial owner” (as such term is defined in Rule 13d-3 promulgated under the Exchange Act) (other than Service Bancorp, MHC, any trustee or other fiduciary holding securities under an employee benefit plan 

  

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of the Company, or any corporation owned, directly or indirectly, by the stockholders of the Company, in substantially the same proportions as their
ownership of stock of Service Bancorp, MHC), directly or indirectly, of securities of Service Bancorp, MHC, representing fifty percent (50%) or more of the combined voting power of any of Service Bancorp, MHC’s then outstanding securities;
or 
 (b) any “person” (as hereinabove defined) becomes a “beneficial owner” (as such term is defined in Rule 13d-3
promulgated under the Exchange Act) (other than Service Bancorp, MHC, any trustee or other fiduciary holding securities under an employee benefit plan of the Company or the Bank, or any corporation owned, directly or indirectly, by the stockholders
of the Company, in substantially the same proportions as their ownership of stock of the Company ), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power of the Company’s
then outstanding securities; or 
 (c) persons who, as of the Effective Date, constituted the Company’s, the Bank’s or MHC’s
Board of Directors (the “Incumbent Directors”) cease for any reason including, without limitation, as a result of a tender offer, proxy contest, merger or similar transaction, to constitute at least a majority of the Board of Directors of
such entity, provided that any person becoming a director of the Company, the Bank, or MHC, as applicable, subsequent to the Effective Date shall be considered an Incumbent Director if such person’s election was approved by or such person was
nominated for election by either (i) a vote of at least a majority of the Incumbent Directors of such entity or (ii) a vote of at least a majority of the Incumbent Directors of such entity who are members of a nominating committee
comprised, in the majority, of Incumbent Directors of such entity; but provided further, that any such person whose initial assumption of office is in connection with an actual or threatened election contest relating to the election of members of
the Board of Directors of such entity or other actual or threatened solicitation of proxies or consents by or on behalf of a “person” other than the Incumbent Directors of such entity, including by reason of agreement intended to avoid or
settle any such actual or threatened contest or solicitation, shall not be considered an Incumbent Director of such entity; or 
 (d) the
stockholders of the Company approve a merger or consolidation of the Company with any other corporation or other entity, other than (i) a merger or consolidation which would result in the voting securities of the Company outstanding immediately
prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the combined voting power of the voting securities of the Company or
such surviving entity outstanding immediately after such merger or consolidation or (ii) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no “person” (as hereinabove
defined) other than Service Bancorp, MHC acquires more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities; or 
 (e) following any conversion of Service Bancorp, MHC from mutual to stock form, the stockholders of Service Bancorp, MHC approve a merger or consolidation of Service Bancorp, MHC with any other corporation or other
entity, other than (i) a merger or consolidation which would result in the voting securities of Service Bancorp, MHC outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being 

  

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converted into voting securities of the surviving entity) more than fifty percent (50%) of the combined voting power of the voting securities of Service
Bancorp, MHC or such surviving entity outstanding immediately after such merger or consolidation or (ii) a merger or consolidation effected to implement a recapitalization of Service Bancorp, MHC (or similar transaction) in which no
“person” (as hereinabove defined) acquires more than fifty percent (50%) of the combined voting power of MHC’s then outstanding securities; or 
 (f) 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

 (g) the Board of Trustees or the Board of Corporators of MHC approves a merger or consolidation of MHC with any other corporation or other
entity which would result in a Change in Control under Section 1.06(c) if the transaction were consummated 
 1.07 “Committee”
shall mean the Compensation Committee of the Board of Directors of the Company. 
 1.08 “Effective Date” shall mean the date first
written above. 
 1.09 “Good Reason” shall mean 
 (a) a reduction in the Executive’s base salary (other than in connection with a salary reduction applicable to senior executives of the Company generally); or 
 (b) the Company’s material breach of this Agreement or of any Employment Agreement in effect between the Executive and the Company and/or the Bank;
or 
 (c) the relocation of the offices at which the Executive is principally employed to a location more than 50 miles from such offices,
which relocation is not approved by the Executive; or 
 (d) a material and adverse change in the Executive’s position, responsibilities
or duties. 
 1.10 “Normal Retirement Age” shall mean the date on which the Executive attains age 60. 
 1.11 “Normal Retirement Benefit” shall mean a benefit payable to the Executive for a term of 15 years (180 months) in an annual amount equal to
A minus B, where “A” is 70% of the Executive’s Benefit Computation Base and “B” is the sum of (a) 50% of the annual primary social security retirement benefit payable (before earnings reduction) to the Executive
starting at age 62 or which would be payable if applied for by the Executive and, (b) the total amounts contributed by the Company to the “company account” (e.g., matching contributions and profit sharing contributions) under the
SBERA 401(k) Plan as adopted by the Bank (the “Bank 401(k) Plan”) on behalf of the Executive (such reduction to be calculated on the assumption that the Executive had selected a single life annuity form of payment thereunder). In the case
of the termination of the Executive’s employment prior to the Executive reaching her Normal 

  

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Retirement Age, in calculating the Executive’s Normal Retirement Benefit, the offset for annual primary social security benefit shall be calculated on
the basis of the amount projected to be payable at age 62 assuming continued earnings by the Executive at the rate in effect at termination of employment until age 60, and the offset for Company contributions to the Bank 401(k) Plan at the rate in
effect at termination of employment until age 60 on behalf of the Executive shall be calculated on the basis of the amount projected to be payable at age 60 assuming continued employment of the Executive until age 60 at the same level of
compensation. The “Normal Retirement Benefit” shall be increased by 0.0194% for each month that the Executive is employed by the Company, MHC or the Bank after her Normal Retirement Age. 
 ARTICLE II—RETIREMENT BENEFITS 
 2.01 Retirement at or After Normal Retirement Age. If the Executive retires from the employ of the Company at or after attaining her Normal Retirement Age, she shall receive the Normal Retirement Benefit. The Normal Retirement
Benefit shall be paid to the Executive in 180 substantially equal monthly payments unless the Executive requests and the Committee approves an Optional Benefit Form in accordance with Section 2.03 hereof. The Executive shall receive such Normal
Retirement Benefit commencing on the first day of the month next following her actual retirement; provided that if the Executive is then a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code and the payment
is treated as being made on account of separation from service pursuant to Section 409A(a)(2)(A)(i) of the Code rather than due to attainment of Normal Retirement Age pursuant to Section 409A(a)(2)(A)(iv) of the Code, the aggregate amount
of the first seven months of the Normal Retirement Benefit shall be paid to the Executive pursuant to this Section 2.01 commencing on the first day of the seventh month following her actual retirement.” 
 2.02 Extension of Benefits. If the Executive is entitled to receive a benefit hereunder, and following the commencement of benefit payments
hereunder she dies before the date the final payment is to be made to the Executive hereunder (the “Final Payment Date”), then the remaining payments that would otherwise have been paid to the Executive hereunder on or before the Final
Payment Date shall be paid to the Executive’s beneficiary or beneficiaries or to the Executive’s estate if she fails to designate a beneficiary. 
 2.03 Optional Forms of Benefits. 
 (a) Notwithstanding Section 2.01 hereof, to the extent that
the entitlement to an installment form of distribution provided under Section 2.01 is treated as an entitlement to a single payment for purposes of Section 409A of the Code, then in lieu of the 180-month installment form of payment, with
the Committee’s approval in its sole discretion, the Executive may elect an Actuarial Equivalent to be paid in the form of a single lump sum payment; provided that such election satisfies the requirements of Section 409A(a)(4)(C) of the
Code including, without limitation, that such election may not take effect until at least 12 months after the date on which the election is made, the lump sum may not be paid earlier than 5 years from the date the installment form of distribution
would have commenced in the absence of the lump sum election, and that such election be made not less than 12 months before the first amount was scheduled to be paid. 
  

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 (b) Notwithstanding Section 2.01 hereof, to the extent that the entitlement to an installment form
of distribution provided under Section 2.01 is treated as an entitlement to a single payment for purposes of Section 409A of the Code, in lieu of the 180-month installment form of payment, the Committee, in its sole discretion, may elect
to pay such Actuarial Equivalent in a single lump sum or in substantially equal monthly payments over a period of time not to exceed 60 months; provided that such election satisfies the requirements of Section 409A(a)(4)(C) of the Code
including, without limitation, that such election may not take effect until at least 12 months after the date on which the election is made, that payment with respect to the election may not be made earlier than 5 years from the date payment would
have commenced in the absence of the election, and that such election be made not less than 12 months before the first amount was scheduled to be paid. 
 ARTICLE III—DEATH AND DISABILITY BENEFITS 
 3.01 Death Benefits. If the Executive dies
prior to commencement of any payment of benefits hereunder, the Executive’s beneficiary or beneficiaries (or the Executive’s estate if she fails to designate a beneficiary) shall be entitled to receive the Accrued Benefit. Such benefit
shall commence in substantially equal monthly payments for a period of 180 months on the first business day of the month following the month of Executive’s death. The Board of Directors of the Company, in its sole discretion, may elect at the
time of such death to pay the Actuarial Equivalent of such Accrued Benefit in a single lump sum or over a period of time not to exceed 60 months. 
 3.02 Disability Benefits. In the event the Committee shall determine, prior to the Executive’s retirement or other termination of employment with the Company, on the basis of such medical evidence as it may require, that the
Executive has become disabled, mentally or physically, such that she is prevented from performing all the essential functions of her duties with or without reasonable accommodation, the Executive shall be deemed to be continuously employed by the
Company until her Normal Retirement Age, at which time she shall be entitled to a Normal Retirement Benefit pursuant to Section 2.01. 
 3.03 Return to Work. In the event the Executive returns to work with the Company after a disability described in Section 3.02, this Agreement shall continue in effect as though such disability had not occurred. Notwithstanding
anything herein to the contrary, in the event after a disability described in Section 3.02 the Executive commences employment in a full-time business capacity other than with the Company or any of its affiliates, the Executive shall be deemed
to have terminated employment with the Company in accordance with Section 4.02(a) as of the date of such commencement of employment. 
 ARTICLE IV—TERMINATION BENEFITS 
 4.01 Involuntary Termination. 
 (a) Termination by Company for Cause. Notwithstanding anything herein to the contrary, if at any time the Company, MHC or the Bank terminates the
Executive’s employment for Cause, the Executive shall not be entitled to receive any benefit hereunder and her Accrued Benefit shall be reduced to zero. 
  

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 (b) Termination by the Company Prior to a
Change in Control. If prior to the occurrence of a Change in Control the Company, MHC or the Bank terminates the Executive’s employment other than for Cause, the Executive shall be entitled to receive her Accrued Benefit. She shall begin
receiving such benefit in substantially equal monthly payments for a period of 180 months beginning on the first day of the month next following the earlier of (i) the month during which her employment is terminated and (ii) the month
during which she attains her Normal Retirement Age. In the event of a Change in Control, the Bank shall establish a grantor trust (the “Trust”) to which the Bank or, at MHC’s election, MHC shall contribute promptly a lump sum amount
equal to the Actuarial Equivalent of the Executive’s Accrued Benefit to assist the Bank and MHC in meeting their obligations hereunder. The Trust shall (i) conform to the terms of the Internal Revenue Service Model Trust as described in
Internal Revenue Service Revenue Procedure 92-64 and (ii) subject to the foregoing clause (i), be in a form otherwise acceptable to the Executive. Without limiting the foregoing, the Trust shall provide, at a minimum, that (i) the
investment of the Trust’s assets shall be directed exclusively by the trustee of the Trust (the “Trustee”), (ii) the Trustee (including all successors) shall be appointed solely by the Executive, and (iii) all assets of the
Trust as at the time of the 180th installment payment of the Accrued Benefit (or, if the Accrued Benefit is distributed in fewer than 180 monthly installments, the final distribution of such Accrued Benefit to the Executive) shall be
distributed to the Executive as part of such distribution. Notwithstanding the foregoing, if the Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code at the time she terminates her employment
pursuant to this Section 4.01(b), and the payments are treated as being made on account of separation from service pursuant to Section 409A(a)(2)(A)(i) of the Code, the aggregate amount of the first seven months of the Accrued Benefit
shall be paid to the Executive pursuant to this Section 4.01(b) commencing on the first day of the seventh month following the earlier of (i) the month during which her employment is terminated and (ii) the month during which she
attains her Normal Retirement Age; provided that if the Executive is involuntarily terminated by the Company, MHC or the Bank within the meaning of Section 1.409A-1(n) of the Treasury Regulations: 
 (i) She shall be entitled to receive the benefit provided in this Section 4.01(b), regardless of her status as a “specified
employee,” to the extent the total amount of any payments does not exceed two times the lesser of (x) the sum of the Executive’s annualized compensation based on the annual rate of pay for services provided to the Company, MHC or the
Bank for the taxable year of the Executive preceding the taxable year of the Executive in which the Executive’s employment is terminated (adjusted for any increase during that year that was expected to continue indefinitely if the
Executive’s employment had not been terminated), or (y) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which the Executive’s employment is
terminated; and 
 (ii) Any portion of the Accrued Benefit that is in excess of the amount described in subsection
(i) shall be paid to the Executive commencing on the first day of the seventh month following the earlier of (x) the month in during which her employment is terminated and (y) the month during which she attains her Normal Retirement
Age. 
  

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 (c) Termination by the Company After a Change in Control. If on or after the occurrence of a
Change in Control the Company, MHC or the Bank terminates the Executive’s employment other than for Cause, the Executive shall be entitled to receive her Normal Retirement Benefit. She shall begin receiving such benefit in substantially equal
monthly payments for a period of 180 months beginning on the first day of the month next following the earlier of (i) the month during which her employment is terminated and (ii) the month during which she attains her Normal Retirement
Age; provided that if the Executive is then a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, and the payments are treated as being made on account of separation from service pursuant to
Section 409A(a)(2)(A)(i) of the Code, the aggregate amount of the first seven months of the Normal Retirement Benefit shall be paid to the Executive pursuant to this Section 4.01(c) commencing on the first day of the seventh month
following the earlier of (i) the month during which her employment is terminated and (ii) the month during which she attains her Normal Retirement Age; provided that if the Executive is involuntarily terminated by the Company, MHC or the
Bank within the meaning of Section 1.409A-1(n) of the Treasury Regulations: 
 (i) She shall be entitled to receive the
benefit provided in this Section 4.01(c), regardless of her status as a “specified employee,” to the extent the total amount of any payments does not exceed two times the lesser of (x) the sum of the Executive’s annualized
compensation based on the annual rate of pay for services provided to the Company, MHC or the Bank for the taxable year of the Executive preceding the taxable year of the Executive in which the Executive’s employment is terminated (adjusted for
any increase during that year that was expected to continue indefinitely if the Executive’s employment had not been terminated), or (y) the maximum amount that may be taken into account under a qualified plan pursuant to
Section 401(a)(17) of the Code for the year in which the Executive’s employment is terminated; and 
 (ii) Any
portion of the Normal Retirement Benefit that is in excess of the amount described in subsection (i) shall be paid to the Executive commencing on the first day of the seventh month following the earlier of (x) the month in during which her
employment is terminated and (y) the month during which she attains her Normal Retirement Age. 
 In the event of a Change in Control, the Bank shall establish a grantor trust (the “Trust”) to which the Bank or, at MHC’s election, MHC shall contribute promptly a lump sum amount equal to the Actuarial Equivalent of the
Executive’s Accrued Benefit to assist the Bank and MHC in meeting their obligations hereunder. The Trust shall (i) conform to the terms of the Internal Revenue Service Model Trust as described in Internal Revenue Service Revenue Procedure
92-64 and (ii) subject to the foregoing clause (i), be in a form otherwise acceptable to the Executive. Without limiting the foregoing, the Trust shall provide, at a minimum, that (i) the investment of the Trust’s assets shall be
directed exclusively by the trustee of the Trust (the “Trustee”), (ii) the Trustee (including all successors) shall be appointed solely by the Executive, and (iii) all assets of the Trust as at the time of the 180th
installment payment of the Accrued Benefit (or, if the Accrued Benefit is distributed in fewer than 180 monthly installments, the final distribution of such Accrued Benefit to the Executive) shall be distributed to the Executive as part of such
distribution. 
  

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 4.02 Voluntary Termination. 
 (a) Termination by Executive without Good Reason. If the Executive terminates her employment with the Company, MHC and the Bank for reasons other
than with Good Reason, disability (except as provided in Section 3.03) or death, she shall be entitled to receive an amount equal to her Accrued Benefit. She shall begin receiving such benefit in substantially equal monthly payments for a
period of 180 months beginning on the first day of the month next following the later of (i) the month during which her employment is terminated and (ii) the month during which she attains her Normal Retirement Age; provided that if the
Executive is then a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, and the payments are treated as being made on account of separation from service pursuant to Section 409A(a)(2)(A)(i) of the
Code, the aggregate amount of the first seven months of the amount equal to her Accrued Benefit shall be paid to the Executive pursuant to this Section 4.02(a) commencing on the first day of the seventh month following the earlier of
(i) the month during which her employment is terminated and (ii) the month during which she attains her Normal Retirement Age. The Board of Directors of the Company, in its sole discretion, may elect at the time of such termination to pay
the Actuarial Equivalent of such Accrued Benefit in a single lump sum or over a period of time not to exceed 60 months; provided that such election satisfies the requirements of Section 409A(a)(4)(C) of the Code including, without limitation,
that such election may not take effect until at least 12 months after the date on which the election is made, that payment with respect to the election may not be made earlier than 5 years from the date payment would have commenced in the absence of
the election, and that such election be made not less than 12 months before the first amount was scheduled to be paid. 
 (b) Termination by the Executive with Good Reason. If the Executive terminates her
employment with the Company, MHC or the Bank with Good Reason, she shall be entitled to receive the Normal Retirement Benefit. She shall begin receiving such benefit in substantially equal monthly payments for a period of 180 months beginning on the
first day of the month next following the earlier of (i) the month during which her employment is terminated and (ii) the month during which she attains her Normal Retirement Age. The Bank shall establish a grantor trust (the
“Trust”) to which the Bank or, at MHC’s election, MHC shall contribute promptly a lump sum amount equal to the Actuarial Equivalent of the Executive’s Accrued Benefit to assist the Bank and MHC in meeting their obligations
hereunder. The Trust shall (i) conform to the terms of the Internal Revenue Service Model Trust as described in Internal Revenue Service Revenue Procedure 92-64 and (ii) subject to the foregoing clause (i), be in a form otherwise
acceptable to the Executive. Without limiting the foregoing, the Trust shall provide, at a minimum, that (i) the investment of the Trust’s assets shall be directed exclusively by the trustee of the Trust (the “Trustee”),
(ii) the Trustee (including all successors) shall be appointed solely by the Executive, and (iii) all assets of the Trust as at the time of the 180th installment payment of the Accrued Benefit (or, if the Accrued Benefit is
distributed in fewer than 180 monthly installments, the final distribution of such Accrued Benefit to the Executive) shall be distributed to the Executive as part of such distribution. Notwithstanding the foregoing, if the Executive is a
“specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code at the time she terminates her employment pursuant to this Section 4.02(b), and the payments are treated as being made on account of separation from
service pursuant to Section 409A(a)(2)(A)(i) of the Code, the aggregate amount of the first seven months of the Normal Retirement Benefit shall be paid to the Executive pursuant to this Section 4.02(b) 

  

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commencing on the first day of the seventh month following the earlier of (i) the month during which her employment is terminated and (ii) the
month during which she attains her Normal Retirement Age; provided that if the Executive’s voluntary termination for good reason is treated as an involuntary termination within the meaning of Section 1.409A-1(n)(2) of the Treasury
Regulations: 
 (i) She shall be entitled to receive the benefit provided in this Section 4.02(b), regardless of her
status as a “specified employee,” to the extent the total amount of any payments does not exceed two times the lesser of (x) the sum of the Executive’s annualized compensation based on the annual rate of pay for services provided
to the Company, MHC or the Bank for the taxable year of the Executive preceding the taxable year of the Executive in which the Executive’s employment is terminated (adjusted for any increase during that year that was expected to continue
indefinitely if the Executive’s employment had not been terminated), or (y) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) for the year in which the Executive’s employment
is terminated. 
 (ii) Any portion of the Normal Retirement Benefit that is in excess of the amount described in subsection
(i) shall be paid to the Executive commencing on the first day of the seventh month following the earlier of (x) the month in during which her employment is terminated and (y) the month during which she attains her Normal Retirement
Age. 
 4.03 Change in Control. 
 (a) Anything in this Agreement to the contrary notwithstanding, in the event that any compensation, payment or distribution by the Company to or for the benefit of Executive, whether paid or payable or distributed or distributable pursuant
to the terms of this Agreement or otherwise (the “Special Payments”), would be subject to the excise tax imposed by Section 4999 of the Code, the following provisions shall apply: 
 (i) If the Special Payments, reduced by the sum of (1) the Excise Tax and (2) the total of the Federal, state, and local income
and employment taxes payable by Executive on the amount of the Special Payments which are in excess of the Threshold Amount, are greater than or equal to the Threshold Amount, Executive shall be entitled to the full benefits payable under this
Agreement. 
 (ii) If the Threshold Amount is less than (x) the Special Payments, but greater than (y) the Special
Payments reduced by the sum of (1) the Excise Tax and (2) the total of the Federal, state, and local income and employment taxes on the amount of the Special Payments which are in excess of the Threshold Amount, then the benefits payable
under this Agreement shall be reduced (but not below zero) to the extent necessary so that the maximum Special Payments shall not exceed the Threshold Amount. To the extent that there is more than one method of reducing the payments to bring them
within the Threshold Amount, Executive shall determine which method shall be followed; provided that if 

  

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Executive fails to make such determination within 45 days after the Company has sent Executive written notice of the need for such reduction, the Company may
determine the amount of such reduction in its sole discretion. 
 (b) For the purposes of this Section 4.03, “Threshold
Amount” shall mean three times Executive’s “base amount” within the meaning of Section 280G(b)(3) of the Code and the regulations promulgated thereunder less one dollar ($1.00); and “Excise Tax” shall mean the
excise tax imposed by Section 4999 of the Code, and any interest or penalties incurred by Executive with respect to such excise tax. 
 (c) The determination as to which of the alternative provisions of Section 4.03(a)(ii) shall apply to Executive shall be made by Wolf & Company, P.C., or any other nationally recognized accounting firm selected by the Company
(the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and Executive within 15 business days of the Date of Termination, if applicable, or at such earlier time as is reasonably requested by the
Company or Executive. For purposes of determining which of the alternative provisions of Section 4.03(a) shall apply, Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to
individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in the state and locality of Executive’s residence on the Date of Termination, net
of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes. Any determination by the Accounting Firm shall be binding upon the Company and Executive. 
 ARTICLE V—BENEFICIARY DESIGNATION 
 The Executive may designate one or more beneficiaries to receive specified percentages of her death benefit payments. The Executive shall designate any such beneficiaries in writing and shall submit such writing to the Chief Financial
Officer of the Company. Only designated beneficiaries alive at the Executive’s death shall be entitled to share in the benefit payments. Absent a contrary specification by the Executive in writing submitted to the Chief Financial Officer of the
Company, each beneficiary alive at the Executive’s death (or, in the case of the beneficiary’s death after the Executive’s death, the beneficiary’s estate) shall share equally in death benefit payments. If no designated
beneficiary is alive at the Executive’s death, her estate shall be entitled to all death benefit payments. 
 ARTICLE
VI—OBLIGATIONS OF EXECUTIVE 
 6.01 Non-Disclosure by Executive. The Executive shall not disclose to any other person or
entity (except as required by applicable law or court order) or use for her own benefit or gain, any confidential information of the Company obtained by her incident to her employment with the Company. The term “confidential information”
includes, without limitation, financial information, business plans, prospects and opportunities (such as lending relationships, financial product developments, or possible acquisitions or dispositions of businesses or facilities) which have been
discussed or considered by the management of the Company but does not include any information which has become part of the public domain by means other than the Executive’s non-observance of her obligations hereunder. 
  

 11 

 6.02 Violation of Agreement. If at any time the Company considers that the Executive is acting in
a manner which is in breach of the terms of Section 6.01 above, the Company will so notify the Executive in writing and will request that she cease such action, or take such reasonable action as may be required, to conform to the terms of
Section 6.01 above. In the event of a breach by the Executive in the performance of her obligation under the terms of Section 6.01 which is not rectified within 30 days after such notice is mailed by the Company, the Company shall not be
obligated to make any further payments under this Agreement. 
 6.03 Remedies. The Executive agrees that her services and the
confidential and proprietary information which she has previously acquired as an employee of the Company is unique, and that any breach of her obligations under this Article VI by her may not be adequately compensated by damages at law, and the
Executive agrees, therefore, that the Company shall be entitled, in addition to any other remedies that may be available to it, to equitable relief in a court of equity by injunction or otherwise, without the necessity of proving actual damage to
the Company for any breach by the Executive hereunder. 
 ARTICLE VII—CLAIMS PROCEDURE 
 The Company shall promptly notify the Executive (or one of her beneficiaries in the case of the Executive’s death) if payment of benefits is not
being made, or is not to be made, under this Agreement. In the event that benefits under this Agreement are not paid to the Executive (or one of her beneficiaries in the case of the Executive’s death), and such person believes that he or she is
entitled to receive them, a claim shall be made in writing to the Company within 90 days after written notice from the Company to the Executive, her beneficiary, or an appropriate personal representative that payments are not being made, or are not
to be made, under this Agreement. Such claim shall be reviewed by the Company. If the claim is approved or denied, in full or in part, the Company shall provide a written notice of approval or denial within 30 days of its receipt of the claim. A
written notice of denial shall set forth the specific reason for denial, specific reference to the provision or provisions of this Agreement upon which the denial is based and any additional material or information necessary to perfect the claim, if
any. Also, such written notice of denial shall indicate the steps to be taken if a review of the denial is desired. A claim shall be deemed denied if the Company does not take action within the aforesaid 30-day period. If a claim is denied and a
review is desired, the Executive (or beneficiary in the case of the Executive’s death), shall notify the Company in writing within 30 days after such claim is denied. In requesting a review, the Executive or her beneficiary may review this
Agreement or any document relating to it and submit any written issues and comments he or she may feel appropriate. The Company shall then review the claim and provide a written decision within 30 days. The decision likewise shall state the specific
reasons for the decision and shall include reference to specific provisions of this Agreement on which the decision is based. 
 Any decision
of the Company shall be binding on the Executive, any beneficiary, or any personal representative. However, no decision shall preclude legal action by the Executive, beneficiary or personal representative. If the Executive, any beneficiary, or any
personal representative shall prevail in any such legal action, such person or persons shall be entitled to receive reimbursement of reasonable attorneys’ fees from the Company, unless the Company acted in good faith in the reasonable belief
that its position was justified. 
  

 12 

 ARTICLE VIII—MISCELLANEOUS 
 8.01 No Compensation Deferral. The annual benefit payments provided by this Agreement are not part of any salary-reduction plan or arrangement
deferring a bonus or salary increase. The Executive has no option to take any current payment or bonus in lieu of the above discussed benefit payments. 
 8.02 Alienability. Neither the Executive nor any beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify, or otherwise encumber in
advance any of the benefits payable hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance, owed by the Executive or any of her beneficiaries, or be transferable by
operation of law in the event of bankruptcy, or otherwise. 
 8.03 Other Payment. Any annual benefit payments that the Executive
receives pursuant to this Agreement shall be in addition to payments she receives pursuant to any other agreements or arrangement she has with the Company. 
 8.04 Participation In Other Plans. Nothing contained in this Agreement shall be construed to alter, abridge, or in any manner affect the rights and privileges of the Executive to participate in, and be covered
by, any employee benefit plans (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended) which the Company may have or may hereafter adopt. 
 8.05 Funding. The Company reserves the absolute right at its sole discretion to insure or otherwise provide for the obligations of the Company
undertaken by this Agreement or to refrain from doing so, and to determine the extent, nature and method thereof. Should the Company elect to insure this Agreement, in whole or in part, through the medium of insurance or annuities, or both, the
Company shall be the owner and beneficiary of such policy or policies. At no time shall the Executive be deemed to have any right, title or interest in, or to, any specific asset or assets of the Company, including but not by way of restriction, any
insurance or annuity contract or contracts or the proceeds therefrom. At all times, the Executive shall be no more than an unsecured, general creditor of the Company with respect to amounts owed to her under this Agreement. No policy, contract or
asset of the Company shall, in any way, be considered to be security for the performance of the obligations of this Agreement. 
 If the
Company elects to insure its obligations under this Agreement by purchasing a life insurance or annuity policy on the life of the Executive, she agrees to sign any papers that may be required for that purpose and to undergo any medical examination
or tests which may be necessary, and generally to cooperate with the Company in securing such policy and keeping the same in force. 
 8.06
Governing Law. This is a Massachusetts contract and shall be construed under and be governed in all respects by the laws of The Commonwealth of Massachusetts. 
 8.07 Not an Employment Contract. This Agreement is not an employment contract, and nothing in this Agreement shall obligate the Company to continue to employ the Executive. 
  

 13 

 8.08 Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the
successors, assigns and personal representatives, as the case may be, of the Company and the Executive. 
 8.09 Communications. Any
notice or communication required of either party with respect to this Agreement shall be made in writing and may either be delivered personally or sent by first class mail, as the case may be. 
 To the Executive, at her home address as appearing on the records of the Company. 
 To the Company, addressed to the attention of the Chairman of the Board of Directors with a copy addressed to the attention of the Chief Financial
Officer. 
 Each party shall have the right by written notice to change the place to which any notice may be addressed. 
 8.10 Waiver. The failure of either party to require the performance of any term or obligation of this Agreement or the waiver by either party of
any breach of this Agreement shall not foreclose a subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 8.11 Amendment. This Agreement may be amended, modified, or terminated at any time by the mutual written consent of the Company and the Executive. 
 8.12 Entire Agreement. This Agreement sets forth the entire agreement between the parties hereto, and fully supersedes any and all prior written
and oral agreements and understandings between the parties hereto pertaining to the subject matter hereof. 
 8.13 Interpretation. It
is the intent of the Company, MHC, the Bank and the Executive that the provisions of this Agreement and all amounts payable to the Executive hereunder meet the requirements of Section 409A of the Code, to the extent applicable to this Agreement
and such payments, and the Agreement shall be interpreted and construed in a manner consistent with such intent. Recognizing such intent, the Company, MHC, the Bank and the Executive agree to cooperate in good faith in preparing and executing, at
such time as sufficient guidance is available under Section 409A and from time to time thereafter, one or more amendments to this Agreement as may reasonably be necessary solely for the purpose of assuring that this Agreement and all amounts
payable to the Executive hereunder meet the requirements of Section 409A; provided that no such amendments shall increase the cost to the Company, MHC or the Bank of providing the amounts payable to the Executive hereunder; and provided further
that any such amendment that relates to amounts deferred in one or more taxable years beginning before January 1, 2005 shall be rendered null and void to the extent the amendment constitutes a material modification of the Agreement within the
meaning of Section 885(d)(2)(B) of the American Jobs Creation Act of 2004 (the “Act”), unless (i) such modifications are pursuant to guidance issued by the U.S. Treasury under Section 885(f) of the Act, or (ii) the
parties expressly agree that the amounts deferred prior to 2005 may be treated as deferred after 2004 for purposes of Section 409A due to such amendment. 
  

 14 

 Upon execution below by both parties, this Amended and Restated Agreement will enter into full force and
effect and supersede the original Supplemental Retirement Agreement dated March 18, 2003. 
  

							
	 	 	 	 	SERVICE BANCORP, INC.
				
	 /s/ Pamela J. Montpelier
	 		 	By:	 	 /s/ Eugene R. Liscombe

	Pamela J. Montpelier	 		 	Name:	 	Eugene Liscombe
		 		 	Title:	 	Chairman of the Board
			
		 		 	SERVICE BANCORP, MHC
				
	 /s/ Pamela J. Montpelier
	 		 	By:	 	 /s/ Eugene R. Liscombe

	Pamela J. Montpelier	 		 	Name:	 	Eugene Liscombe
		 		 	Title:	 	Director
			
		 		 	STRATA BANK
				
	 /s/ Pamela J. Montpelier
	 		 	By:	 	 /s/ Eugene R. Liscombe

	Pamela J. Montpelier	 		 	Name:	 	Eugene Liscombe
		 		 	Title:	 	Director

  

 15Separation Agreement

 Exhibit 10.1 
 SEPARATION AND RELEASE AGREEMENT 
 This SEPARATION AND RELEASE AGREEMENT (this
“Agreement”) is entered into by and between Freescale Semiconductor, Inc., (the “Company”) and Michel Mayer (“Executive”) dated as of the 12th day of February, 2008, and confirms the agreement that has been reached with
the Executive in connection with his resignation from the Company. 
 RECITALS 
 WHEREAS, Executive is employed by the Company as its Chief Executive Officer pursuant to an Employment Agreement dated December 1, 2006 (the
“Employment Agreement”); and 
 WHEREAS, Executive serves as Chairman of the Board of Directors of the Company (the
“Board”) and as Chairman of the Board of Directors (the “Parent Board”) of Freescale Holdings GP, Ltd. (“Parent”), the indirect parent entity of the Company; and 
 WHEREAS, in order to avoid doubts and controversy relating to the nature of Executive’s separation and the payments and benefits due to him
as a consequence thereof and to resolve amicably any and all disagreements and matters arising out of or relating in any way to Executive’s and the Company’s relationship. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows: 
 1.
Resignation of Employment. 
 (a) Upon execution of this Agreement, Executive agrees to resign from employment with the Company,
effective as of May 1, 2008 (the “Date of Separation”), at which time Executive’s employment with the Company shall cease. The Company shall continue to pay Executive at his current rate of base salary and continue all of his
benefits and perquisites through the Date of Separation, in accordance with the Company’s current payroll and executive employment practices. Upon a date designated by the Board (the “Date of Resignation”), which date may be prior to
the Date of Separation, Executive shall resign from his position as Chief Executive Officer of the Company and as a member of the Board and the Parent Board, and from his service as a director or employee of any affiliate or subsidiary of the
Company or Parent, to the extent, if any, he was employed or served in any such capacity. Between the period beginning on the Date of Resignation and ending on the Date of Separation, Executive shall serve as an interim advisor to the Board
regarding transition issues. Upon request of the Company, Executive agrees to execute such documents and take such action as may be necessary or desirable to effectuate the foregoing; however, should Executive not execute such documents, he shall
nevertheless be deemed to have resigned from all such positions and capacities on the date requested by the Company. 

 (b) On or about the Date of Separation, Executive shall return to the Company all Company property in his
possession or use, including, without limitation, all fax machines, printers, cell phones, credit cards, building-access cards and keys and other electronic equipment, except that Executive may keep his laptop computer, provided that the Company
shall disconnect and discontinue such computer’s connection with the Company’s computer network system, and provided further that at the Company’s request, Executive shall return to the Company any software or other data from such
computer, however stored, relating to “Confidential Information” as defined in Section 10(a) of the Employment Agreement. 
 (c) Executive and the Company acknowledge and agree that on February 8, 2008, they jointly announced that Executive has elected to leave the Company to pursue other interests by issuing a press release and that all future statements or
communications by the parties shall be consistent with that press release. 
 (d) Other than as set forth in this Agreement, upon the Date of
Separation, Executive shall not receive any base salary, annual bonus, long term incentive award, welfare, retirement, perquisite, fringe benefit, or other benefit plan coverage or coverage under any other practice, policy or program as may be in
effect from time to time, applying to senior officers or other employees of the Company, or any severance payment or benefit to be received under any severance benefit plans, practices, policies or programs, or any vacation or expense reimbursement;
however, Executive shall receive all benefits and conversion rights, at the applicable time, earned, due or applicable under the terms of Company benefit or retirement plans. Without limiting the generality of the foregoing, except as specifically
set forth in this Agreement and except as set forth in the (i) Investors Agreement by and among Freescale Holdings L.P., Freescale Holdings (Bermuda) I, Ltd., Freescale Holdings (Bermuda) II, Ltd., Freescale Holdings (Bermuda) III, Ltd.,
Freescale Acquisition Holdings Corp., Freescale Holdings (Bermuda) IV, Ltd., Freescale Acquisition Corporation and Certain Freescale Holdings L.P. Investors and certain stockholders of Freescale Holdings (Bermuda) I, Ltd. dated as of
December 1, 2006 (the “Investors Agreement”), (ii) the Agreement of Exempted Limited Partnership of Freescale Holdings L.P., a Cayman Islands exempted limited partnership, date December 1, 2006, as amended from time to time
(the “Partnership Agreement”) and (iii) the Registration Rights Agreement by and among Freescale Holdings L.P. and Certain Freescale Holdings L.P. Investors, dated as of December 1, 2006 (the “Registration Rights
Agreement”), in each case, solely with respect to Executive’s Class A Interests (as defined in the Partnership Agreement) and vested Class B Interests (as defined in the Partnership Agreement) (“Continuing Equity Related
Rights”), Executive will have no rights under the Employment Agreement, the Investors Agreement, the Registration Rights Agreement, the Freescale Holdings L.P. 2006 Interest Plan (the “Interest Plan”); the Freescale Holdings L.P.
Award Agreement by and between Freescale Holdings L.P., a Cayman Islands limited partnership and Executive, dated December 1, 2006 (the “Award Agreement”), the Company’s Senior Officer Change in Control Severance Plan (the
“CIC Severance Plan”) or any other agreement, contract, plan, practice, policy or program of the Company. The Company shall repurchase from Executive 5,000 Class A limited partnership interests of Freescale Holdings L.P., on such
terms and conditions as shall be set forth in a definitive stock repurchase agreement which shall be executed no later than 15 business days after the date hereof. 
  

 2 

 2. Accrued Payments. The Company shall pay to Executive $80,006.25 in a lump sum cash payment by
the regular payroll date following the Date of Separation, as payment for Executive’s vacation or paid time off or annual leave days, as applicable, accrued but not taken as of the Date of Separation. 
 3. Payments and Benefits. 
 (a)
Following execution of this Agreement and only if the Release set forth in Section 6(a) of this Agreement is not revoked pursuant to Section 6(b), Executive will be entitled to the following payments and benefits which will be paid or
provided to him within ten (10) days following the Date of Separation: 
 (i) As of the date of this Agreement, Executive
is vested in 33,331.795 Class B Interests and as of the Date of Separation, Executive shall become fully vested in an additional 47,212.433 Class B Interests, which represents a pro rata portion of any outstanding and unvested Equity Awards (as such
term is defined in the Employment Agreement) held by Executive as of the Date of Separation that would have vested in 2008 (the fiscal year in which the Date of Separation occurs), such portion equal to the number that would have so vested
multiplied by a fraction, the numerator of which is the number of days in such year through the Date of Separation and the denominator of which is 365, and that portion of such Equity Awards that would have become vested on December 1, 2009
(i.e., in the one-year period following fiscal year 2008). Such Class B Interests shall remain governed in all respects by the applicable terms and conditions of the Investors Agreement, Partnership Agreement, Registration Rights Agreement,
Interest Plan, and the Award Agreement. All Class B Interests held by Executive that are not vested as of the Date of Separation shall be forfeited as of such date and no payment shall be made with respect thereto. 
 (ii) The Company shall pay Executive a cash lump sum of $488,836, which shall represent his prorated target bonus with respect to 2008,
the fiscal year in which the Date of Separation occurs; 
 (iii) The Company shall pay Executive a cash lump sum severance
payment of $7,200,000; and 
 (iv) In order to assist the Company in ensuring that the Executive is fully aware of his duties
and obligations under this Agreement, and as set forth in Sections 6(b) and 10 below, Executive has retained counsel and the Company shall promptly pay Executive’s counsel for reasonable legal fees and related expenses so incurred. 

(b) 2007 Annual Bonus. The Company shall pay Executive a cash lump sum of $1,462,500, which shall represent his bonus earned with respect to
2007, at such time as such bonuses are paid to the Company’s senior executives generally. 
 (c) Continuing Welfare Benefits. If
the Release set forth in Section 6(a) of this Agreement is not revoked pursuant to Section 6(b), the Company shall, for three (3) years after the Date of Separation, continue health, medical, life and long-term disability insurance
benefits to Executive and/or Executive’s family at least equal to those that would have been provided in 

  

 3 

 
accordance with the health, medical, life and long-term disability insurance plans, programs, practices and policies of the Company as in effect on the date
hereof; provided, however, that, if Executive becomes reemployed with another employer and becomes eligible to receive medical or other welfare benefits under another employer provided plan, the medical and other welfare benefits described herein
shall be secondary to those provided under such other plan during such applicable period of eligibility. If the terms of the applicable plan, program, practice or policy do not permit the participation of Executive or Executive’s family, the
Company shall take all steps necessary to continue to provide the benefits described above on the same after-tax basis as if such benefits were provided under such plan, program, practice or policy of the Company. 
 (d) Gross-Up Payment. The Company shall, at the time and in accordance with Section 4.3 of the CIC Severance Plan, pay to Executive the
“Gross-Up Payment” as defined in such Section. The parties’ rights under Section 4.3 of the CIC Severance Plan are incorporated by reference herein. 
 (e) Relocation Expenses. The Company shall pay Executive a lump sum cash reimbursement payment in respect of reasonable relocation expenses incurred by Executive within the one-year period following the Date of
Separation for the relocation of Executive and his family, and their personal belongings, from the Austin, Texas area to France. The Company shall promptly provide such reimbursement payment upon Executive’s presentation of proper and customary
documentation with respect to such reasonable relocation expenses. 
 4. No Other Payments or Benefits. Executive acknowledges and
agrees that, other than the payments and benefits expressly set forth in this Agreement, Executive has received all compensation to which he is entitled from the Company, is not entitled to any other payments or benefits from the Company.

 5. Covenants. 
 (a)
Executive agrees that following the Date of Separation, he will continue to be bound by Section 10 of the Employment Agreement, Exhibit A to the Award Agreement, and the Stock Option/Restricted Stock Unit Consideration Agreement between
Executive and the Company under the Company’s Omnibus Incentive Plan of 2005 (the “Consideration Agreement”), each of which sets forth obligations regarding confidential information, work product and inventions and restrictive
covenants, including but not limited to provisions relating to nonsolicitation of employees and noncompetition and solicitation of business (collectively, the “Obligations”). 
 (b) Executive acknowledges that in addition to such other remedies as may be available to the Company at law or in equity or as provided in the Investors
Agreement or this Agreement (including but not limited to injunctive relief and the Company’s ability to enforce its rights by an action for specific performance to the extent permitted by law, without posting a bond), any violation of the
Obligations will result in (i) the immediate forfeiture of all Class B Interests held by Executive and (ii) the Company having the right, in accordance with the Consideration Agreement (to the extent applicable), to recover certain
proceeds received by Executive upon exercise of options to acquire Company stock or vesting of restricted Company stock or stock units including, but not limited to, proceeds received with respect to such equity awards in connection with Freescale
Holdings L.P.’s acquisition of the Company. 
  

 4 

 6. Release. 
 (a) Executive hereby voluntarily, knowingly and willingly releases and forever discharges Parent, the Company, and each of their respective subsidiaries and affiliates, and each of their respective officers,
directors, partners, members, shareholders, employees, attorneys, representatives and agents, and each of their predecessors, successors and assigns (collectively, the “Company Releasees”), from any and all charges, complaints, claims,
promises, agreements, controversies, causes of action and demands of any nature whatsoever which against them Executive or Executive’s executors, administrators, successors or assigns ever had, now have or hereafter can, shall or may have by
reason of any matter, cause or thing whatsoever (a) arising prior to the time Executive signs this Agreement; (b) arising out of or relating to Executive’s employment with the Company, service as a member of the Board or Parent Board
or the termination thereof; (c) arising out of or relating to the Employment Agreement, the CIC Severance Plan, or any other agreement, contract, plan, practice, policy or program of the Company; or (d) arising prior to the time Executive
signs this Agreement, out of or relating to the Investors Agreement, the Partnership Agreement, the Registration Rights Agreement, the Interest Plan or the Award Agreement. This release includes, but is not limited to, any rights or claims arising
under any statute, including the Employee Retirement Income Security Act of 1974, Title VII of the Civil Rights Act of 1991, the Americans with Disabilities Act, the Family and Medical Leave Act, the Fair Labor Standards Act, the federal Age
Discrimination in Employment Act of 1967 or any other foreign, federal, state or local law or judicial decision, including, but not limited to, the Texas Commission on Human Rights Act, and any rights or claims under any policy, agreement,
understanding or promise, written or oral, formal or informal, between Executive and any of the Company Releasees. The foregoing Release shall not apply to (i) claims that cannot be released under applicable law; (ii) legally mandated
benefits; (iii) vested benefits, if any, under any qualified or nonqualified savings and pension plans in which Executive may have participated during his employment with the Company including 401(k) plans; (iv) Executive’s Continuing
Equity Related Rights; (v) Executive’s right to enforce the terms of this Agreement; and (vi) Executive’s rights to indemnification and insurance coverage under Section 13 of the Employment Agreement. Executive represents
that Executive has no complaints, charges or lawsuits pending against the Company or any of the Company Releasees. 
 (b) Executive has been
provided, and after consultation with counsel, has knowingly and voluntarily waived a twenty-one (21) day period in which to consider the Release and shall have seven (7) additional days from the date of execution to revoke his consent to
the Release set forth in Section 6(a). Any such revocation shall be made in writing so as to be received by the Company prior to the eighth (8th) day following Executive’s execution of this Agreement. If no such revocation occurs, the
Release shall become effective on the eighth (8th) day following Executive’s execution of this Agreement. 
 (c) The Company
acknowledges that as of the date of this Agreement, neither the Company nor the Board is aware of any claim or cause of action (a) arising out of or relating to Executive’s employment with the Company, service as a member of the Board or
Parent Board or the termination thereof; (b) arising out of or relating to the Employment Agreement; or (c) arising prior to the time the Company signs this Agreement, out of or relating to the Investors Agreement, the Partnership
Agreement, the Registration Rights Agreement, the Interest Plan or the Award Agreement. 
  

 5 

 7. No Right to Seek Re-Employment. Executive agrees that Executive will not apply for or otherwise
seek employment with the Company or any of the Company Releasees at any time in the future. 
 8. Non-Disparagement. Executive will
not directly or indirectly make, or cause to be made, any statement, observation or opinion, disparaging the business, goodwill or reputation of the Company or any of the Company Releasees. Neither the Company formally nor any director or officer of
the Company will directly or indirectly make, or cause to be made, any statement, observation or opinion, disparaging the reputation of Executive. 
 9. Cooperation. 
 (a) During and after the Date of Separation, Executive shall reasonably cooperate with the Company, Parent,
or any of their respective parents, subsidiaries and affiliates, at any level, and any of their officers, directors, shareholders, or employees concerning requests for information about: (A) the business of the Company, Parent or their
subsidiaries or affiliates or Executive’s involvement and participation therein, and (B) in connection with any investigation or review by any federal, state or local regulatory, quasi-regulatory or self-governing authority (including,
without limitation, the Securities and Exchange Commission) as any such investigation or review relates to events or occurrences that transpired while Executive was employed by the Company. Executive’s cooperation shall include, but not be
limited to, taking into account Executive’s obligations to any successor employer or entity to which he provides services, being available to meet and speak with officers or employees of the Company and/or the Company’s counsel at
reasonable times and locations, executing accurate and truthful documents and taking such other actions as may reasonably be requested by the Company and/or the Company’s counsel to effectuate the foregoing. Executive shall be entitled to
reimbursement, upon receipt by the Company of suitable documentation, for reasonable and necessary travel and other expenses which Executive may incur at the specific request of the Company and as approved by the Company in advance and in accordance
with its policies and procedures established from time to time. 
 (b) Nothing in this Agreement is intended to or shall preclude Executive
from providing truthful testimony in response to a valid subpoena, court order, regulatory request or other judicial, administrative or legal process or otherwise as required by law, in which event Executive shall notify the Company in writing as
promptly as practicable after receiving any such request of the anticipated testimony and at least ten (10) days prior to providing such testimony (or, if such notice is not possible under the circumstances, with as much prior notice as is
possible). 
 10. Knowing and Voluntary Agreement. The Company advises Executive to consult with an attorney of Executive’s
choosing prior to signing this Agreement. Executive represents that Executive has had the opportunity to review this Agreement and, specifically, the Release in Section 6 of this Agreement, with an attorney of Executive’s choice. Executive
also agrees and acknowledges that Executive is receiving benefits to which he would not otherwise be entitled unless Executive signs this Agreement, that Executive voluntarily consented to the Release set forth in Section 6 of this Agreement
and that Executive has entered into this Agreement freely, knowingly and voluntarily. 
  

 6 

 11. No Admission. The Company’s offer to Executive of this Agreement and the payments and
benefits set forth herein are not intended to, and shall not be construed as, any admission of liability by the Company or any of the Company Releasees to Executive or of any improper conduct on the Company’s part, all of which the Company
specifically denies. 
 12. Rights of the Parties. 
 (a) Nothing in this Agreement shall affect or impair any right the Company may have, including any right under the Employment Agreement, the Investors Agreement, the Partnership Agreement, the Registration Rights
Agreement, the Interest Plan, the CIC Severance Plan, the Award Agreement or any other agreement, contract, plan, practice, policy or program of the Company. 
 (b) Nothing in this Agreement shall affect or impair any right Executive may have, including any right under the Employment Agreement, the Investors Agreement, the Partnership Agreement, the Registration Rights
Agreement, the Interest Plan, the CIC Severance Plan, the Award Agreement or any other agreement, contract, plan, practice, policy or program of the Company, in each case only to the extent preserved by this Agreement. 
 13. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas applicable to agreements
made and to be performed in that state, without reference to its principles of conflicts of law. 
 14. Arbitration. 
 (a) Any controversy or claim by or between Executive and the Company arising from or relating to this Agreement, or any dispute as to the arbitrability of
a matter under this provision, shall be settled by final and binding arbitration administered by the American Arbitration Association (“AAA”) under its Employment Arbitration Rules and Mediation Procedures; provided that nothing herein
shall require arbitration of any claim or charge which, by law, cannot be the subject of a compulsory arbitration agreement. Any arbitration proceeding brought under this Agreement shall be conducted in Texas before a panel of three arbitrators. The
arbitrators, in rendering an award in any arbitration conducted pursuant to this provision, shall issue a reasoned award stating the findings of fact and conclusions of law on which it is based. Any judgment or enforcement of any award, including an
award providing for interim or permanent injunctive relief, rendered by the arbitrators may be entered, enforced or appealed from in any court having jurisdiction thereof, subject to Section 14(b). Any arbitration proceedings, decision or award
rendered hereunder, and the validity, effect and interpretation of this arbitration provision, shall be governed by the Federal Arbitration Act, 9 U.S.C.§ 1 et seq. In any arbitration proceedings under this Agreement, each party shall pay all
of its, his or her own legal fees, including counsel fees, but AAA filing fees and arbitrator compensation shall be paid pursuant to the AAA Employment Arbitration Rules and Mediation Procedures unless otherwise provided by law for a prevailing
party. This arbitration provision shall not apply with respect to any application by the Company for injunctive relief under Section 5 of this Agreement, or with respect to the Obligations. 
 (b) Executive hereby expressly consents to the personal jurisdiction of the state court in Travis County, Texas and federal courts located in the State
of Texas for any lawsuit filed 

  

 7 

 
there against Executive by the Company arising from or related to this Agreement, including, without limitation, Executive’s employment with and
separation from the Company. Should any action under or related to this Agreement be filed in state court in Texas, it will be filed only in Travis County, Texas. Each of the parties hereto irrevocably waives any and all right to a trial by jury in
any legal proceeding arising out of or related to this Agreement. 
 15. Miscellaneous. 
 (a) This Agreement sets forth the entire understanding of the Company and Executive and, except for the terms of the Employment Agreement that explicitly
survive pursuant to this Agreement, this Agreement supersedes all prior agreements, arrangements and communications, whether oral or written, pertaining to the subject matter hereof. This Agreement shall not be modified or amended except by written
agreement of Executive and the Company. 
 (b) The provisions of this Agreement shall inure to the benefit of, and be binding upon, the
parties hereto and their respective successors and assigns. Nothing in this Agreement shall be construed to give any rights to any third parties to enforce the terms of this Agreement, except that third parties who are intended beneficiaries of
either the Release of claims contained in Section 6 of this Agreement or any of the Obligations shall be entitled to enforce such releases and covenants as against or involving them. 
 (c) All the terms and conditions of this Agreement shall be considered as separate terms and conditions. In the event any term or condition of this
Agreement is determined to be invalid, prohibited or unenforceable by a court or other body of competent jurisdiction, this Agreement shall be construed as if such invalid, prohibited or unenforceable term or condition has been more narrowly drawn
so as not to be invalid, prohibited or unenforceable. Notwithstanding the foregoing sentence, in the event that any term or condition contained in this Agreement should be determined to be invalid, prohibited or unenforceable, the validity, legality
and enforceability of the remaining terms or conditions contained in this Agreement shall not in any way be affected or impaired thereby. 
 (d) No waiver of any one or more of the terms, conditions or obligations of this Agreement, and no partial waiver thereof, shall be construed as a waiver of any succeeding breach of any of such terms, conditions or obligations or of any of
the other terms, conditions or obligations of this Agreement. No failure or delay by any party at any time to enforce one or more of the terms, conditions or obligations of this Agreement shall constitute a waiver of such terms, conditions or
obligations or shall preclude such party from requiring performance by any of the other parties at any time. 
  

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 (e) This Agreement may be executed in one or more counterparts, including emailed or telecopied
facsimiles, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 (f) IN
WITNESS WHEREOF, the parties have executed this Agreement as of February 12, 2008. 
  

			
	FREESCALE SEMICONDUCTOR, INC.
		
	By:	 	 /s/ John Torres

	Title:	 	Sr. VP & General Counsel
	
	EXECUTIVE
	
	 /s/ Michel Mayer

	MICHEL MAYER

  

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