Document:

EX-10.9

 Exhibit 10.9 

INVESTORS SAVINGS BANK 

AMENDED AND RESTATED 

SUPPLEMENTAL ESOP AND RETIREMENT PLAN 

WHEREAS, the Board of Directors of Investors Savings Bank (“Bank”) has adopted the Financial Institutions Retirement Fund
(“Retirement Plan”), and sponsors the Investors Savings Bank Employee Stock Ownership Plan (“ESOP”) for employees of the Bank; and 

WHEREAS, the Internal Revenue Code of 1986, as amended (“Code”), imposes limitations on the amounts that may be contributed
on behalf of participants in the ESOP, and the benefit that may accrue with respect to participants under the Retirement Plan, including limiting the amount of compensation that may be considered in determining benefits under these plans; and 

WHEREAS, the Bank originally implemented the Investors Savings Bank Supplemental Retirement Plan effective May 17, 1994 (the
“1994 Plan”), to provide certain employees with benefits to which they would be entitled under the Retirement Plan, but for the application of the limitations imposed by the Code; and 

WHEREAS, the 1994 Plan was amended and restated effective January 1, 2005 (the “2005 Plan”), in order to add an ESOP
feature to the 1994 Plan and to comply with changes in the tax laws under Code Section 409A that governs nonqualified deferred compensation arrangements; and 

WHEREAS, Final Regulations (as defined herein) under Code Section 409A that were published on April 10, 2007, and are
generally applicable for taxable years beginning on or after January 1, 2008, provide additional rules and clarification for complying with Code Section 409A; and 

WHEREAS, the Bank and Participants now desire to amend and restate the 2005 Plan in order to conform the 2005 Plan to the Final
Regulations under Code Section 409A, and for certain other purposes. 
 NOW, THEREFORE, by resolution of the Board of
Directors, the Investors Savings Bank Supplemental ESOP and Retirement Plan is hereby renamed the “Investors Savings Bank Amended and Restated Supplemental ESOP and Retirement Plan,” and is hereby amended and restated, as follows: 

 

	1.	Background and Purpose 

 Investors Savings Bank hereby amends and restates, effective
July 1, 2007, the Investors Savings Bank Supplemental ESOP and Retirement Plan, and renames it the Investors Savings Bank Amended and Restated Supplemental ESOP and Retirement Plan. The Plan is intended to provide supplemental benefits to
replace the benefits that have been curtailed under the Retirement Plan and the ESOP due to the application of Sections 401(a)(17) and 415 of the Code. The Plan, as amended and restated, is intended to comply with Section 409A of the Code and
any regulatory or other guidance issued 

 
under such Section. The Plan is intended to be an unfunded plan of deferred compensation covering “a select group of highly compensated or management employees” of the Bank for purposes
of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 
  

	2.	Definitions 

 Where the following words and phrases appear in the Plan, they shall gave
the respective meaning as set forth below unless the context clearly indicates the contrary. 
  

	 	(a)	“Administrator” shall mean the Committee. 

  

	 	(b)	“Active Participant” shall mean a Participant of the ESOP who has satisfied the ESOP eligibility requirements and who has at least 1,000 Hours of Service (as defined in the ESOP) during the current ESOP plan
year. However, a Participant shall not qualify as an Active Participant unless (i) he is in active employment with the Bank as of the last day of the ESOP plan year, or (ii) he is on a recognized absence, as defined in the ESOP, as of that
date, or (iii) his employment terminated during the Plan Year by reason of Disability, death, Early or Normal Retirement. 

  

	 	(c)	“Board of Directors” shall mean the Board of Directors of the Bank. 

  

	 	(d)	“Change in Control” shall mean (1) a change in ownership of the Bank under paragraph (i) below, or (2) a change in effective control of the Bank under paragraph (ii) below, or (3) a
change in the ownership of a substantial portion of the assets of the Bank under paragraph (iii) below: 

(i) Change in the ownership of the Bank. A change in the ownership of the Bank shall occur on the date that any one person, or
more than one person acting as a group (as defined in paragraph (ii)), acquires ownership of stock of the corporation that, together with stock held by such person or group, constitutes more than fifty percent (50%) of the total fair market
value or total voting power of the stock of such corporation. However, if any one person or more than one person acting as a group, is considered to own more than 50 percent of the total fair market value or total voting power of the stock of a
corporation, the acquisition of additional stock by the same person or persons is not considered to cause a change in the ownership of the corporation (or to cause a change in the effective control of the corporation (within the meaning of paragraph
(ii) below). An increase in the percentage of stock owned by any one person, or persons acting as a group, as a result of a transaction in which the corporation acquires its stock in exchange for property will be treated as an acquisition of
stock for purposes of this section. This paragraph (i) applies only when there is a transfer of stock of a corporation (or issuance of stock of a corporation) and stock in such corporation remains outstanding after the transaction. 

(ii) Change in the effective control of the Bank. A change in the effective control of the Bank shall occur on the date that
either (A) any one 

  
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person, or more than one person acting as a group (as determined below), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or
persons) ownership of stock of the corporation possessing thirty percent (30%) or more of the total voting power of the stock of such corporation; or (B) a majority of members of the corporation’s board of directors is replaced during
any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the corporation’s board of directors prior to the date of the appointment or election, provided that for purposes of this paragraph
(ii)(B), the term corporation refers solely to a corporation for which no other corporation is a majority shareholder. In the absence of an event described in paragraph (A) or (B), a change in the effective control of a corporation will not
have occurred. If any one person, or more than one person acting as a group, is considered to effectively control a corporation (within the meaning of this paragraph (ii)), the acquisition of additional control of the corporation by the same person
or persons is not considered to cause a change in the effective control of the corporation (or to cause a change in the ownership of the corporation within the meaning of paragraph (i)). Persons will not be considered to be acting as a group solely
because they purchase or own stock of the same corporation at the same time, or as a result of the same public offering. 

(iii) Change in the ownership of a substantial portion of the Bank’s assets. A change in the ownership of a substantial
portion of the Bank’s assets shall occur on the date that any one person, or more than one person acting as a group (as determined below), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by
such person or persons) assets from the corporation that have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of all of the assets of the corporation immediately prior to such
acquisition or acquisitions. For this purpose, gross fair market value means the value of the assets of the corporation, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. There is
no Change in Control event under this paragraph (iii) when there is a transfer to an entity that is controlled by the shareholders of the transferring corporation immediately after the transfer. 

(iv) Each of the sub-paragraphs (i) through (iii) above shall be construed and interpreted consistent with the
requirements of Code Section 409A and the Final Regulations or other guidance issued thereunder. Notwithstanding anything herein to the contrary, the reorganization of the Company by way of a second step conversion shall not be considered a
“Change in Control.” 
  

	 	(e)	“Committee” shall mean the Committee appointed by the Board of Directors to administer the Plan. 

  

	 	(f)	“Company” shall mean Investors Bancorp, Inc. 

  
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	 	(g)	“Disability” shall mean total and permanent disability within the meaning of the Social Security Act. 

  

	 	(h)	“Early Retirement Date” shall mean, with respect to the ESOP, retirement on or after a Participant who participates in the ESOP attains age 55 and completes 10 years of employment with the Bank or any of its
affiliates. With respect to the Supplemental Retirement Plan Benefit, “Early Retirement Date” shall mean the first day of the month coincident with or next following the date the employment of a Participant who participates in the
Retirement Plan is terminated if, at such time, the Participant has not yet attained age 65 and is partially or fully vested in his benefits under the Retirement Plan. 

 

	 	(i)	“ESOP Beneficiary” shall mean the person or persons who are designated by a Participant participating in the ESOP to receive benefits payable under the ESOP on the Participant’s death. In the absence of
any designation or if all the designated beneficiaries shall die before the Participant dies or shall die before all benefits payable under the ESOP have been paid, the Participant’s ESOP Beneficiary shall be his surviving spouse (as that term
is defined under the ESOP), if any, or his estate if he is not survived by a spouse. The Committee may rely upon the advice of the Participant’s executor or administrator as to the identity of the Participant’s spouse. 

 

	 	(j)	“Final Regulations” shall mean the final regulations promulgated under Code Section 409A. 

  

	 	(k)	“Normal Retirement Date,” with respect to the Supplemental ESOP Benefit, shall mean the later of (i) the date on which a Participant attains age 65 and (ii) the 5th anniversary of the time a Participant commenced participation in the ESOP. With respect to the Supplemental Retirement Plan Benefit, Normal Retirement Date shall mean the later of (i) the first
day of the month coincident with or next following his 65th Birthday, (ii) his actual retirement. 

  

	 	(l)	“Participant” shall mean an employee of the Bank designated by the Compensation Committee to participate in the Plan and who is eligible to participate in the Plan as a result of his or her benefits under the
Retirement Plan and/or the ESOP being limited by the application of either Section 401(a)(17) or 415 of the Code. 

  

	 	(m)	“Phantom Shares” shall mean the unit of measurement of a Participant’s account hereunder denominated in hypothetical shares of the Company’s Stock. On any measurement date, the Phantom Stock shall
have a value equal to the fair market value of the Company’s Stock on such date. 

  

	 	(n)	“Plan” shall mean the Investors Savings Bank Amended and Restated Supplemental ESOP and Retirement Plan. 

  

	 	(o)	“Plan Year” shall mean, generally, the fiscal year of the Company, provided, however, for purposes of determining allocations under the Supplemental ESOP portion of the Plan, “Plan Year” shall mean
the twelve-month period commencing January 1 and ending December 31. 

  
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	 	(p)	“Separation from Service” means the Participant’s death, retirement or other termination of employment with the Bank within the meaning of Code Section 409A. No Separation from Service shall be
deemed to occur due to military leave, sick leave or other bona fide leave of absence if the period of such leave does not exceed six months or, if longer, so long as the Participant’s right to reemployment is provided by law or contract. If
the leave exceeds six months and the Participant’s right to reemployment is not provided by law or by contact, then the Participant shall have a Separation from Service on the first date immediately following such six-month period.

 Whether a termination of employment has occurred is determined based on whether the facts and circumstances indicate that
the Bank and Participant reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services the Participant would perform after such date (whether as an employee or as an independent
contractor) would permanently decrease to no more than 20% of the average level of bona fide services performed over the immediately preceding 36 months (or such lesser period of time in which the Participant has provided services for the Bank). The
determination of whether a Participant has a Separation from Service shall be made by applying the presumptions set forth in the Final Regulations under Code Section 409A. 

 

	 	(q)	“Specified Employee” means, with respect to a publicly traded company, an employee of the Bank or Company who is also a “key employee” as such term is defined in Section 416(i) of the Code,
without regard to Paragraph 5 thereof. 

  

	 	(r)	“Stock” shall mean the common stock of Investors Bancorp, Inc., par value $.01 per share. 

  

	 	(s)	“Supplemental ESOP” shall mean the portion of this Plan that provides a benefit to Participants that supplements the tax-qualified ESOP benefit of such person. 

 

	 	(t)	“Supplemental ESOP Benefit” shall mean the benefit attributable to a Participant under the Supplemental ESOP. 

  

	 	(u)	“Supplemental Retirement Plan” shall mean the portion of the Plan that provides a benefit to participants that supplements the benefit available to the Participant under the tax-qualified Retirement Plan.

  

	 	(v)	“Supplemental Retirement Plan Benefit” shall mean the benefit attributable to a Participant under the Supplemental Retirement Plan. 

  
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	3.	Participation 

 The Committee may designate an employee as a Participant if he or she is
a Participant in the Retirement Plan and/or the ESOP and his or her benefits thereunder are limited by the application of either Section 401(a)(17) or 415 of the Code. 
  

	4.	Benefits 

  

	 	(a)	Benefits Attributable to Participation in the Retirement Plan 

 A Participant’s
accrued benefit under the Plan that is attributable to his or her participation in the Retirement Plan shall be determined as follows: 

(i) For each employee who is a Participant in the Plan, his or her accrued Supplemental Retirement Plan Benefit at a specified
date shall be equal to the excess, if any, of (1) the vested accrued benefit to which he or she would then be entitled under the Retirement Plan, determined without regard to the limitations of Code Sections 401(a)(17) and 415, over
(2) the vested accrued benefit to which the Participant is then entitled under the Retirement Plan (as from time to time amended) which takes into account the limits of Section 401(a)(17) and Section 415 of the Code. 

(ii) A Participant’s accrued Supplemental Retirement Plan Benefits under this Plan shall: (1) be payable in
accordance with the Participant’s distribution election made in accordance with the requirements of Section 4(a)(iii) hereof, (2) be calculated using the relevant actuarial assumptions applicable to the Retirement Plan, and
(3) vest in accordance with the following vesting schedule: 
  

					
	 Completed Years of Employment
	  	Vested
Percentage	 
		
	 Less than 5
	  	 	0	% 
	 5 or more
	  	 	100	% 

 (iii) Prior to the latest of December 31, 2007, the last day of the “transition
period” under Code Section 409A, or the 30th day after a Participant first becomes eligible to participate in the Plan, a Participant shall be required to complete a Distribution
Election Form for his Supplemental Retirement Plan Benefit, attached hereto as Exhibit A. Such Distribution Election Form shall provide the Participant, as of the date of the election, with the choice of a lump sum distribution or various forms of
annuities with respect to the Supplemental Retirement Plan Benefits. A Participant’s election under the Distribution Election Form shall be irrevocable, except as permitted by Code Section 409A. 

  
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	 	(b)	Benefits Attributable to Participation in the ESOP 

 The amount credited to a
Participant’s account balance under the Plan that is attributable to his or her participation in the ESOP portion of the Plan shall be denominated in Phantom Shares equal to the sum of the difference between “(i)” and
“(ii),” plus “(iii),” where: 
 (i) is the number of shares of Stock that would have been allocated to
the ESOP account of the Participant, and the earnings thereon, had the limitations of Sections 401(a)(17) and 415(c)(1)(A) and 415(c)(6) of the Code not been applicable (this calculation shall be made based on the following assumptions: (A) the
“Compensation” (as defined in the ESOP) that exceeds the Code Section 401(a)(17) limits of all persons who are Participants in the Supplemental ESOP is added to the participant Compensation actually taken into consideration under the
ESOP and (B) the actual number of shares of Stock released under the ESOP is deemed to be allocated to ESOP participants on the basis of the Compensation determined in “(A)”); 

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

 (iii) each year, the dollar amount of the earnings on the Phantom Shares deemed allocated to a Participant’s account
is determined and such earnings are converted into Phantom Shares as of the last day of the ESOP plan year, based on the fair market value of the Company’s Stock on such date. 

(iv) Supplemental ESOP Benefits will be credited to a Participant’s account in the Plan only for the Plan Years in which
the Participant is an Active Participant. Supplemental ESOP Benefits credited to a Participant’s account under this Plan shall vest in accordance with the following vesting schedule: 

 

					
	 Completed Years of Employment
	  	Vested
Percentage	 
		
	 Less than 5
	  	 	0	% 
	 5 or more
	  	 	100	% 

 (v) Prior to the latest of December 31, 2007, the last day of the “transition
period” under Code Section 409A, or the 30th day after a Participant first becomes eligible to participate in the Supplemental ESOP, a Participant shall be required to complete a Distribution Election Form for his Supplemental ESOP
Benefit, attached hereto as Exhibit B. Such Distribution Election Form shall provide the Participant, as of the date of the election, with the choice of a lump sum distribution or installment payments over a period of years not to exceed a maximum
of 5 years. A Participant’s election under the Distribution Election Form shall be irrevocable, except as permitted by Code Section 409A. 

(vi) All distributions of Supplemental ESOP Benefits will be made in cash and will not be made in shares of Stock. 

  
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	 	(c)	Changes in Distribution Option. 

  

	 	(i)	Notwithstanding anything herein to the contrary, a Participant may change his distribution option hereunder through December 31, 2007, in accordance with Sections XII(A) and XII(B) of the Preamble to the Final
Regulations issued under Code section 409A, and Section 3.02 of Internal Revenue Service Notice 2006-79; provided, however, that in 2007, a Participant cannot change payment elections with respect to payments that the Participant would
otherwise receive in 2007 or cause payments to be made in 2007. Any transition period changes shall be made on such forms as are provided by the Administrator and shall be filed with the Administrator during the applicable transition period.

  

	 	(ii)	In the event a Participant desires to modify the time or form (e.g., from an annuity to a lump sum or vice versa) of his distribution option after December 31, 2007, the Participant may do so by filing a written
election with the Administrator, provided that, with respect to any modification to a distribution option made after December 31, 2007: 

  

	 	(1)	the subsequent election shall not be effective for at least 12 months after the date on which the subsequent election is made; and 

  

	 	(2)	except for payments upon the Participant’s death or Disability, the first payment for which the subsequent election is made shall be deferred for a period of not less than 5 years from the date on which such
payment would otherwise have been made. 

  

	 	(iii)	Notwithstanding anything herein to the contrary, a Participant who has elected to receive a distribution in the form of a life annuity may change the form of annuity payment from one type of life annuity to another type
of life annuity, with the same scheduled date for the first annuity payment, before any annuity payment has been made under the Plan, provided that the annuities are actuarially equivalent, applying reasonable actuarial methods and assumptions in
accordance with Final Regulations Section 1.409A-2(b)(2)(ii). 

  

	5.	Payment of Supplemental Benefits 

  

	 	(a)	Supplemental Retirement Plan Benefits 

 (i) In the event of Separation from
Service prior to attainment of age 55, and except as otherwise provided herein, a Participant’s accrued Supplemental Retirement Plan Benefits shall be distributed in a single lump sum distribution commencing within thirty (30) days
following such Separation from Service. In the event of Separation from Service on or after attainment of age 55, a Participant’s accrued Supplemental Retirement Plan Benefits under the Plan shall become payable to him or her as of the first
day of the month next following his or her Early Retirement Date or Normal Retirement Date, as applicable, and shall be payable to the Participant and, where applicable, to his or her spouse or other beneficiary as contingent annuitant in the same
form and over the same period as the Participant shall have elected as set forth in Section 4(a)(iii). 

  
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 (ii) In the event of a Participant’s Separation from Service coincident or
within two (2) years following a Change in Control, the Participant shall receive his accrued Supplemental Retirement Plan Benefit payable in a single sum within thirty (30) days after the Participant’s Separation from Service. 

(iii) Notwithstanding any provision in the Plan to the contrary, if a Participant is a Specified Employee and incurs a
Separation from Service, such Participant’s accrued Supplement Retirement Plan Benefits shall become payable to him or her as of the first day of the seventh month next following his or her Early Retirement Date or Normal Retirement Date, as
applicable, or other termination of employment (e.g., Separation of Service prior to attainment of age 55), and shall be payable to the Participant and, where applicable, to his or her spouse or other beneficiary as a contingent annuitant in
the same form and over the same period as the Participant shall have elected as set forth in Section 4(a)(iii). 
  

	 	(b)	Supplemental ESOP Benefit 

 (i) Unless the Participant makes an alternative
election on Exhibit B hereto, payment of a Participant’s Supplement ESOP Benefits shall be payable in a lump sum in cash commencing within thirty (30) days of the Participant’s: (i) “Separation From Service,”
(ii) Disability, or (iii) death. 
 (ii) Notwithstanding any provision in the Plan to the contrary, if a
Participant is a Specified Employee, such Participant’s accrued Supplement ESOP Benefits shall become payable to him or her upon Separation from Service, other than due to Disability or death, as of the first day of the seventh month next
following such Separation from Service. 
  

	6.	Supplemental Survivor Benefit 

  

	 	(a)	Supplemental Retirement Plan Benefits 

 (i) If a married Participant dies prior
to the commencement of the payment of his or her accrued Supplemental Retirement Plan Benefits, his or her surviving spouse shall be entitled to accrued Supplemental Retirement Plan Benefits under the Plan determined under Section 4 above with
respect to the spouse’s survivor benefit under the Retirement Plan. Such benefit shall be paid in the form elected by the Participant in the Participant’s Distribution Election Form for benefits payable upon Separation from Service at the
Normal Retirement Date. The Survivor’s Benefit shall begin within thirty (30) days after the Bank is notified of the date of death of Participant. 

(ii) If a Participant dies after the commencement of his or her accrued Supplemental Retirement Plan Benefit under the Plan,
the only death benefits that shall be payable under the Plan are those death benefits, if any, that are payable under the form of benefit payment under the Plan that was in effect while the Participant was alive. 

  
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	 	(b)	Supplemental ESOP Benefits 

 (i) In the event of the death of a Participant
prior to the commencement of payment of his or her Supplemental ESOP Benefits, the ESOP Beneficiary of the Participant shall be entitled to receive as a benefit from the Plan an amount equal to 100% of the Supplement ESOP Benefits that would have
been payable to Participant at the time of his or her death. Such benefit shall be paid in the form elected by the Participant in the Participant’s Distribution Election Form for benefits payable upon Separation from Service. The
Survivor’s Benefit shall begin within thirty (30) days after the Bank is notified of the date of death of Participant. 

(ii) If a Participant dies after the commencement of his or her accrued Supplemental ESOP Benefit under the Plan, the only
death benefits that shall be payable under the Plan are those death benefits, if any, that are payable under the form of benefit payment under the Plan that was in effect while the Participant was alive. 

 

	7.	Miscellaneous 

  

	 	(a)	The Plan shall be administered by the Committee. The decisions of the Committee with respect to any questions arising as to the interpretation of this Plan, including the availability of any and all of the provisions
thereof, shall be final, conclusive and binding. 

  

	 	(b)	This Plan is intended to be an unfunded plan maintained primarily to provide deferred compensation benefits for a select group of management or highly compensated employees. The Participant and his beneficiaries, heirs,
successors and assigns shall have no legal or equitable rights, interest or claims in any property or assets of the Bank, nor shall they be beneficiaries of, or have any rights, claims or interests in any life insurance policies, annuity contracts
or the proceeds therefrom owned or which may be acquired by the Bank. Such policies or other assets of the Bank shall not be held under any trust for the benefit of Participants, their beneficiaries, heirs, successors or assigns, or held in any way
as collateral security for the fulfilling of the obligations of the Bank under this Plan. Any and all of the Bank’s assets shall be, and remain, the general, unpledged, unrestricted assets of the Bank. Bank’s obligation under the Plan
shall be that of an unfunded and unsecured promise of the Bank to pay money in the future. In the event that the Bank establishes a rabbi trust to hold assets intended to informally fund the Plan, in accordance with IRS Revenue Procedure 92-64, the
rabbi trust shall be prohibited from acquiring Stock of the Company. 

  

	 	(c)	 This Plan may be amended by action of the Board of Directors of the Bank, but only if (A) such amendment is made with the consent of all
Participants who have not by such date received all of their vested accrued benefits under the Plan (or with the consent of surviving spouses instead of Participants, in cases where a Participant has died and his/her surviving spouse has not
received complete distribution of the survivor benefit, if any, to which he/she may be entitled under 

  
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the Plan), (B) such amendment is merely administrative in nature and does not materially affect the rights of Participants or spouses with respect to their current or future benefits, or
(C) is made to comply with tax law or regulatory requirements. Such consent shall be required even if Participant is no longer employed by the Bank. Notwithstanding anything herein to the contrary, the Plan shall not be amended if such
amendment would violate Code Section 409A. 

  

	 	(d)	Notwithstanding anything to the contrary herein, in the event that the Bank has a Change in Control, the Bank may terminate the Plan within the thirty (30) days preceding, but not following, the Change in Control,
provided that (i) all agreements, methods, programs and other arrangements sponsored by the Bank immediately after the Change in Control with respect to which deferrals of compensation are treated as having been deferred under a single plan
pursuant to Final Regulations Section 1.409A-1(c)(2), are terminated and liquidated with respect to each Participant that experienced such Change in Control, and (ii) all accrued benefits payable hereunder are paid to each affected
Participant within twelve months of the Plan’s termination. In the event that the intent of any provision shall need to be construed in a manner to avoid taxability, such construction shall be made by the Bank, as administrator of the Plan, in
a manner that would manifest to the maximum extent possible the original meaning of such provisions. 

  

	 	(e)	No Participant or spouse entitled to receive any benefit under this Plan shall have any equitable or security rights in any specific assets of the Bank, and rights of Participants or their spouses under this Plan shall
not be greater than the rights of unsecured general creditors of the Bank. 

  

	 	(f)	No amounts owed hereunder shall be deemed a deposit or a checking or savings account. 

  

	 	(g)	This Plan shall not be construed as creating a contract of employment with respect to any Participant nor shall it create a right of continued employment for any Participant. 

 

	 	(h)	This Plan shall be binding upon and inure to the benefit of any successor to the Bank or its business as the result of merger, consolidation, reorganization, transfer or sale of assets or otherwise and any subsequent
successor thereto. In the event of any such merger, consolidation, reorganization, transfer or sale of assets or other similar transaction, the successor to the Bank or its business or subsequent successor thereto shall promptly notify Participants
who have not received all of their benefits under the Plan (or spouses if they are receiving survivor benefits under this Plan), in writing of its successorship. In no event shall any such transaction described herein suspend, delay or otherwise
interfere with the rights of Participants or spouses to receive benefits hereunder. 

  

	 	(i)	 This Plan has been amended following the enactment of Code Section 409A and is intended to be construed consistent with the requirements of that
Section, the 

  
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Final Regulations and other guidance issued thereunder. If any provision of the Plan shall be determined to be inconsistent therewith for any reason, then the Plan shall be construed, to the
maximum extent possible, to give effect to such provision in a manner consistent with Code Section 409A, and if such construction is not possible, as if such provision had never been included. In the event that any of the provisions of the Plan
or portion thereof are held to be inoperative or invalid by any court of competent jurisdiction, then (1) insofar as is reasonable, effect will be given to the intent manifested in the provisions held to be inoperative, and (2) the
invalidity and enforceability of the remaining provisions will not be affected thereby. 

  

	8.	Payment of Employment and Code Section 409A Taxes. 

 Any distribution under this
Plan shall be reduced by the amount of any taxes required to be withheld from such distribution. This Plan shall permit the acceleration of the time or schedule of a payment to pay employment-related taxes as permitted under Final Regulations
Section 1.409A-3(j) or to pay any taxes that may become due at any time that the arrangement fails to meet the requirements of Code Section 409A and the regulations and other guidance promulgated thereunder. In the latter case, such
payments shall not exceed the amount required to be included in income as the result of the failure to comply with the requirements of Code Section 409A. 
  

	9.	Acceleration of Payments. 

 Except as specifically permitted herein or in other sections
of this Plan, no acceleration of the time or schedule of any payment may be made hereunder. Notwithstanding the foregoing, payments may be accelerated hereunder by the Bank, in accordance with the provisions of Final Regulations
Section 1.409A-3(j)(4) and any subsequent guidance issued by the United States Treasury Department. Accordingly, payments may be accelerated, in accordance with requirements and conditions of the Final Regulations (or subsequent guidance) in
the following circumstances: (i) as a result of certain domestic relations orders; (ii) in compliance with ethics agreements with the Federal government; (iii) in compliance with ethics laws or conflicts of interest laws; (iv) in
limited cash-outs (but not in excess of the limit under Code Section 402(g)(1)(B)); (v) in the case of certain distributions to avoid a non-allocation year under Code Section 409(p); (vi) to apply certain offsets in satisfaction
of a debt of the Participant to the Bank; (vii) in satisfaction of certain bona fide disputes between the Participant and the Bank; or (viii) for any other purpose set forth in the Final Regulations and subsequent guidance. 

 

	10.	Choice of Law 

 This Plan shall be construed in accordance with the laws of the State of
New Jersey to the extent such laws are not pre-empted by ERISA. 
  

	11.	ERISA Provisions 

  

	 	(a)	 Named Fiduciary and Administrator. The Committee, as Administrator, shall be the “Named Fiduciary” of this Plan, as defined under
ERISA. As Administrator, 

  
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the Committee shall be responsible for the management, control and administration of the Plan as established herein. The Administrator may delegate to others certain aspects of the management and
operational responsibilities of the Plan, including the employment of advisors and the delegation of ministerial duties to qualified individuals. 

  

	 	(b)	In the event that benefits under this Plan are not paid to a Participant (or to his Beneficiary in the case of a Participant’s death) or the payment of benefits is curtailed and such claimant feels that he or she
is entitled to receive such benefits, then a written claim must be made to the Administrator within sixty (60) days from the date payments are refused. The Bank and its Board of Directors shall review the written claim and, if the claim is
denied, in whole or in part, they shall provide in writing, within ninety (90) days of receipt of such claim, their specific reasons for such denial, reference to the provisions of this Plan upon which the denial is based, and any additional
material or information necessary to perfect the claim. Such writing by the Bank and its Board of Directors shall further indicate the additional steps which must be undertaken by claimants if an additional review of the claim denial is desired. If
claimants desire a second review, claimants shall notify the Administrator in writing within sixty (60) days of the first claim denial. Claimants may review this Plan, the Distribution Election Form(s) or any documents relating thereto and
submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator shall then review the second claim and provide a written decision within sixty (60) days of receipt of such claim. This decision
shall state the specific reasons for the decision and shall include reference to specific provisions of this Plan upon which the decision is based. If claimants continue to dispute the benefit denial based upon completed performance of this Plan and
the Distribution Election Form or the meaning and effect of the terms and conditions thereof, then claimants may submit the dispute to mediation, administered by the American Arbitration Association (“AAA”) (or a mediator selected by the
parties) in accordance with the AAA’s Commercial Mediation Rules. If mediation is not successful in resolving the dispute, it shall be settled by arbitration administered by the AAA under its Commercial Arbitration Rules, and judgment on the
award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. 

  
 13 

 Exhibit A 

INVESTORS SAVINGS BANK 

AMENDED AND RESTATED 

SUPPLEMENTAL ESOP AND RETIREMENT PLAN 

Distribution Election Form for Supplemental Retirement Plan Benefit 

Instructions: Use this distribution form to elect how you wish to receive your benefits from the portion of the Plan that provides benefits in
excess of the benefits under the tax-qualified Retirement Plan. This form does not apply to the excess ESOP benefits under the Plan. 

Due to IRS rules, individuals who participate in the Plan during 2007 must complete this form no later than December 31, 2007 or, if later, the last
day of the transition period under Code Section 409A. Any individual who first becomes eligible for the Plan after December 31, 2007 must complete this form within 30 days after the date that he or she became eligible to participate in the
Plan. 
  

			
	Print Name:	 	  

 I am a Participant in the Investors Savings Bank Amended and Restated Supplemental ESOP and Retirement Plan
(“Plan”), which was originally effective May 17, 1994, was restated effective January 1, 2005, and was restated again effective July 1, 2007. The Plan provides that Supplemental Retirement Plan Benefits will be paid upon my
termination of employment. I understand that if I terminate employment before I reach age 55, my accrued Supplemental Retirement Plan Benefits will be paid in a single cash lump sum. However, the Plan provides that if I terminate employment on or
after the date that I reach age 55, I must affirmatively elect the form of payment of my Supplemental Retirement Plan Benefits provided under the Plan. I understand that if I do not elect a form of payment below, my Supplemental Retirement
Plan Benefits will be paid to me in a single cash lump sum and that my election below is irrevocable.  
 Accordingly, in the event that I am
entitled to Supplemental Retirement Plan Benefits under the Plan upon my termination of employment after attaining age 55, I hereby elect that my Supplemental Retirement Plan Benefits will be paid in the following manner (please select only
one optional form of benefit): 
  

	 	 ̈	Single Cash Lump Sum.  

  

	 	 ̈	Life Annuity. This means payments will continue for my lifetime and when I die there are no survivor benefits; any remaining benefits are returned to the Bank. 

 

	 	 ̈	Life Annuity with 120 Monthly Payments Guaranteed. This means that payments will continue for my lifetime, with at least 10 years of guaranteed payments. If I die before receiving 120 monthly payments, my
beneficiary will continue to receive the payments that otherwise would have been paid to me; however, once all 120 monthly payments are complete, no further payments will be made to my beneficiary. If I die after receiving 120 monthly payments,
there are no survivor benefits. 

  

	 	 ̈	Joint and 100% Survivor Annuity with 120 Monthly Payments Guaranteed. This means that payments will continue for the longer of my lifetime or the lifetime of my beneficiary, with at least 10 years of
guaranteed payments to me or my beneficiary. 

  

	 	 ̈	Joint and 50% Survivor Annuity. This means that payments continue for my lifetime and when I die, my beneficiary will receive benefits for the remainder of his or her lifetime, but the beneficiary’s
payment will be one-half the amount of the payment that I received during my lifetime. 

 I understand that none of the benefits paid from the
Plan are eligible for tax-free rollover and I will be required to pay income tax on the amounts when they are paid to me. 
  

									
	Date:	 	  
	 		 	Participant’s Signature:	 	  

 Exhibit B 

INVESTORS SAVINGS BANK 

AMENDED AND RESTATED 

SUPPLEMENTAL ESOP AND RETIREMENT PLAN 

Distribution Election Form for Supplemental ESOP Benefit 

Instructions: Use this distribution form to elect how you wish to receive your benefits from the portion of the Plan that provides benefits in
excess of the tax-qualified Employee Stock Ownership Plan (ESOP). This form does not apply to the Plan benefits attributable to amounts in excess of the tax-qualified Retirement Plan. 

Due to IRS rules, individuals who participate in the Plan during 2007 must complete this form no later than December 31, 2007 or, if later, the last
day of the transition period under Code Section 409A. Any individual who first becomes eligible for the Plan after December 31, 2007 must complete this form within 30 days after the date that he or she became eligible to participate in the
Plan. 
  

			
	Print Name:	 	  

 I am a participant in the Investors Savings Bank Amended and Restated Supplemental ESOP and Retirement Plan
(“Plan”), which was originally effective May 17, 1994, was restated effective January 1, 2005, and was restated again effective July 1, 2007. The Plan provides that Supplemental ESOP Benefits will be paid upon my termination
of employment. However, Internal Revenue Code Section 409A requires that I must affirmatively elect the form of payment of my nonqualified deferred compensation benefits provided under the Plan. I understand that I may elect one form of
distribution under the Plan in the event of my termination of employment for reasons other than due to my Disability, and that I may make an alternative election as to the form of distribution upon my termination due to Disability. I
understand that if I do not elect a form of payment below, my Supplemental ESOP Benefits will be paid to me in a single cash lump sum and that my election below is irrevocable. 

Accordingly, in the event that I am entitled to Supplemental ESOP Benefits under the Plan upon my termination of employment (other than due to
Disability), I hereby elect that my Supplemental ESOP Benefits will be paid in the following manner (please select only one optional form of benefit): 

 

	 	 ̈	Single Cash Lump Sum 

  

	 	 ̈	Installments over              years (not to exceed 5 years). 

Optional Distribution Election due to Disability 
 In the
event I am entitled to Supplemental ESOP Benefits under the Plan upon my termination of employment due to my Disability, I hereby elect that my Supplemental ESOP Benefits will be paid in the following manner (please select only
one optional form of benefit—such election may be different than my selections above): 
  

	 	 ̈	Single Cash Lump Sum 

  

	 	 ̈	Installments over              years (not to exceed 5 years). 

I understand that none of the benefits paid from the Plan are eligible for tax-free rollover and I will be required to pay income tax on the amounts when they
are paid to me. 
  

									
	Date:	 	  
	 		 	Participant’s Signature:	 	  

  
 15 

 INVESTORS SAVINGS BANK 

AMENDED AND RESTATED 

SUPPLEMENTAL ESOP AND RETIREMENT PLAN 

Effective as of July 1, 2007 
  

 
 Amendment
Number One 
  
  

The Investors Savings Bank Amended and Restated Supplemental ESOP and Retirement Plan, effective as of July 1, 2007 (the
“Plan”) is hereby amended in accordance with the following: 
 Effective September 19, 2011, the name “Investors Savings
Bank” shall be replaced by “Investors Bank” wherever it appears in the Plan. 
 IN WITNESS WHEREOF, this Amendment
Number One has been executed by a duly authorized officer of Investors Bank, on the date set forth below. 
  

							
		 		 		 	INVESTORS BANK
				
	 8/23/2011
	 		 	By:	 	 /s/ Domenick CamaEX-10.10

 Exhibit 10.10 

AMENDED AND RESTATED 

INVESTORS SAVINGS BANK 

EXECUTIVE SUPPLEMENTAL RETIREMENT 

WAGE REPLACEMENT PLAN 

Short Hills, New Jersey 

Originally Effective July 1, 2005 

As Amended and Restated Effective May 1, 2007 

 INVESTORS SAVINGS BANK 

AMENDED AND RESTATED 

EXECUTIVE SUPPLEMENTAL RETIREMENT WAGE REPLACEMENT PLAN 

This Executive Supplemental Retirement Wage Replacement Plan (the “Plan”), originally effective as of the 1st day of July, 2005, as
amended and restated herein as of May 1, 2007, formalizes the agreements by and between INVESTORS SAVINGS BANK (the “Bank”), a New Jersey chartered stock savings bank, and certain key employees, hereinafter referred to as
“Executive(s)”, who have been selected to participate in this Plan. INVESTORS BANCORP, INC., a Delaware chartered corporation (the “Company”) is a party to this Plan for the sole purpose of guaranteeing the Bank’s
performance hereunder. 
 WITNESSETH: 

WHEREAS, the Bank wishes to sponsor a plan of deferred compensation for a select group of management and highly compensated employees
as such term is defined in the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); and 
 WHEREAS, the
Bank recognizes the valuable services heretofore performed for it by such Executives and wishes to encourage their continued employment and to provide them with additional incentive to achieve corporate objectives; and 

WHEREAS, the Bank wishes to provide the terms and conditions upon which the Bank shall pay additional retirement benefits to the
Executives; and 
 WHEREAS, the Bank intends this Plan to be considered an unfunded arrangement, maintained primarily to provide
supplemental retirement income for its Executives, members of a select group of management or highly compensated employees of the Bank, for tax purposes and for purposes of ERISA; and 

WHEREAS, Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), requires that certain types of
nonqualified deferred compensation arrangements comply with its terms or subject the recipients of such compensation to current taxes and penalties; and 

WHEREAS, the Plan was originally drafted in a manner intended to comply with Code Section 409A, and is now being amended and
restated to conform to the final Treasury Regulations promulgated under Code Section 409A on April, 10, 2007; and 
 WHEREAS,
the Bank has adopted this Plan which controls all issues relating to Supplemental Retirement Benefits as described herein. 
 NOW,
THEREFORE, in consideration of the mutual promises herein contained, the parties hereto agree as follows: 

 SECTION I 

DEFINITIONS 
 When
used herein, the following words shall have the meanings below unless the context clearly indicates otherwise: 
 1.1. “Actuarial
Assumptions” shall mean, with respect to any form of benefit, the Actuarial Assumptions set forth on Schedule A attached hereto and made a part hereof. 

1.2. “Annual Compensation” shall mean a Participant’s salary and bonus during any consecutive twelve (12) month period,
including amounts deferred at a Participant’s election to any tax-qualified or non-qualified employee benefit plan. 
 1.3.
“Average Annual Compensation” shall mean the average Annual Compensation over the thirty-six (36) consecutive month period out of the last one hundred twenty (120) consecutive calendar months in which the Participant’s
Annual Compensation was the greatest, or over all calendar months, if less than thirty-six. 
 1.4. “Bank” means INVESTORS SAVINGS
BANK and any successor thereto. 
 1.5. “Beneficiary” means the person or persons designated by a Participant, in writing, as
beneficiary to whom the share of a deceased Participant’s account is payable. If no Beneficiary is so designated, then the Participant’s Spouse, if living, will be deemed the Beneficiary. If Participant’s Spouse is not living, then
the Children of Participant will be deemed the Beneficiary. If there are no living Children, then the Estate of Participant will be deemed the Beneficiary. 

1.6. “Board of Directors” or “Board” means the Board of Directors of the Bank. 

1.7. “Cause” shall exist when there has been a good faith determination by the Board that there shall have occurred one or more of
the following events with respect to the Executive: (i) the conviction of the Executive of a felony or of any lesser criminal offense involving moral turpitude; (ii) the willful commission by the Executive of a criminal or other act that,
in the judgment of the Board will likely cause substantial economic damage to the Company or the Bank or substantial injury to the business reputation of the Company or Bank; (iii) the commission by the Executive of an act of fraud in the
performance of his duties on behalf of the Company or Bank; (iv) the continuing willful failure of the Executive to perform his duties to the Company or Bank (other than any such failure resulting from the Executive’s incapacity due to
physical or mental illness) after written notice thereof (specifying the particulars thereof in reasonable detail) and a reasonable opportunity to be heard and cure such failure are given to the Executive by the Board; or (v) an order of a
federal or state regulatory agency or a court of competent jurisdiction requiring the termination of the Executive’s employment by the Company. 

  
 2 

 1.8. “Change in Control” shall mean (i) a change in ownership of the Bank under
paragraph (a) below, or (ii) a change in effective control of the Bank under paragraph (b) below, or (iii) a change in the ownership of a substantial portion of the assets of the Bank under paragraph (c) below: 

 

	 	(a)	Change in the ownership of the Bank. A change in the ownership of the Bank shall occur on the date that any one person, or more than one person acting as a group (as defined in paragraph (b)), acquires ownership
of stock of the corporation that, together with stock held by such person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the stock of such corporation. However, if any one person or
more than one person acting as a group, is considered to own more than 50 percent of the total fair market value or total voting power of the stock of a corporation, the acquisition of additional stock by the same person or persons is not considered
to cause a change in the ownership of the corporation (or to cause a change in the effective control of the corporation (within the meaning of paragraph (b) below). An increase in the percentage of stock owned by any one person, or persons
acting as a group, as a result of a transaction in which the corporation acquires its stock in exchange for property will be treated as an acquisition of stock for purposes of this section. This paragraph (a) applies only when there is a
transfer of stock of a corporation (or issuance of stock of a corporation) and stock in such corporation remains outstanding after the transaction. 

  

	 	(b)	Change in the effective control of the Bank. A change in the effective control of the Bank shall occur on the date that either (i) any one person, or more than one person acting as a group (as determined
below), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the corporation possessing thirty percent (30%) or more of the total voting power of
the stock of such corporation; or (ii) a majority of members of the corporation’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the
corporation’s board of directors prior to the date of the appointment or election, provided that for purposes of this paragraph (b)(ii), the term corporation refers solely to a corporation for which no other corporation is a majority
shareholder. In the absence of an event described in paragraph (i) or (ii), a change in the effective control of a corporation will not have occurred. If any one person, or more than one person acting as a group, is considered to effectively
control a corporation (within the meaning of this paragraph (b)), the acquisition of additional control of the corporation by the same person or persons is not considered to cause a change in the effective control of the corporation (or to cause a
change in the ownership of the corporation within the meaning of paragraph (a)). Persons will not be considered to be acting as a group solely because they purchase or own stock of the same corporation at the same time, or as a result of the same
public offering. 

  

	 	(c)	 Change in the ownership of a substantial portion of the Bank’s assets. A change in the ownership of a substantial portion of the
Bank’s assets shall occur on the date that any one person, or more than one person acting as a 

  
 3 

	 	
group (as determined below), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the corporation that
have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of all of the assets of the corporation immediately prior to such acquisition or acquisitions. For this purpose, gross fair
market value means the value of the assets of the corporation, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. There is no Change in Control event under this paragraph
(c) when there is a transfer to an entity that is controlled by the shareholders of the transferring corporation immediately after the transfer. 

  

	 	(d)	Each of the sub-paragraphs (a) through (c) above shall be construed and interpreted consistent with the requirements of Code Section 409A and any Treasury regulations or other guidance issued thereunder.
Notwithstanding anything herein to the contrary, the reorganization of the Company by way of a second step conversion shall not be considered a “Change in Control.” 

1.9. “Children” means Participant’s children, both natural and adopted, then living at the time payments are due the Children
under this Plan. 
 1.10. “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

1.11. “Company” means Investors Bancorp, Inc., a Delaware chartered corporation which owns all of the issued and outstanding stock
of the Bank. 
 1.12. “Disability Retirement Benefit” means the benefit available to a Participant who terminates employment on
account of Total and Permanent Disability. The Disability Retirement Benefit is payable at age 65 and is calculated giving credit to the Participant for years of service from the Disability Retirement Date to age 65 and on the basis that during the
period from the Disability Retirement Date to age 65 the Participant would have continued to earn Annual Compensation at the same rate as in effect prior to the Total and Permanent Disability. 

1.13. “Disability Retirement Date” shall mean the date that a Participant’s employment is terminated due to Total and Permanent
Disability. 
 1.14. “Distribution Option” shall mean any of the following: (i) a life annuity; (ii) a life annuity with
120 monthly payments guaranteed; (iii) a joint and 100% survivor annuity (with 120 payments guaranteed); (iv) a joint and 50% survivor annuity, and (v) a single sum distribution. 

1.15. “Early Retirement Benefit” means a retirement benefit payable upon the Participant’s retirement or other termination of
employment (other than due to Disability or following a Change in Control) after a Participant’s Early Retirement Date (but prior to the Normal Retirement Date) in the form of a life annuity with 120 monthly payments guaranteed, unless the
Participant elects an alternative Distribution Option in his or her Joinder Agreement. If a Participant has a vested benefit under the Plan (e.g., the Participant has at least 120 months of continuous service and has attained age 55) and terminates
employment prior to the Participant’s Normal Retirement Date, the 

  
 4 

 
Participant will be entitled to a reduced Supplemental Retirement Benefit, referred to as an Early Retirement Benefit, commencing on his or her Early Retirement Date if the Participant has
elected in his or her Joinder Agreement to receive an Early Retirement Benefit. If the Participant terminates employment prior to the Normal Retirement Date with 120 months of employment, the Supplemental Retirement Benefit payable will be reduced
by 2% for each full year that a Participant terminates employment prior to age 65, provided, however, that if the Participant has 25 years of employment with the Bank, the Participant’s benefit will be unreduced. Notwithstanding anything to the
contrary herein, if the Participant elects an alternative Distribution Option, the alternative Distribution Option shall be the actuarial equivalent of the accrued benefit paid in the form of a life annuity with 120 monthly payments guaranteed and
the reductions taken under “(b)(i)” and “(b)(ii)” of Section 1.24 of the Plan shall each be stated in the same form as the Distribution Option elected by the Participant and shall be the actuarial equivalent of a life
annuity with 120 monthly payments guaranteed. 
 1.16. “Early Retirement Date” means the first day of the month coincident with or
next following a Participant’s attainment of age 55, provided the Participant has a nonforfeitable right to all or a portion of the Supplemental Retirement Benefit. A Participant who elects an Early Retirement Date will not have a
nonforfeitable right unless the Participant has at least 120 months of continuous service with the Bank. A Participant shall not be entitled to an Early Retirement Benefit on or after his Early Retirement Date unless the Participant has actually
terminated employment. 
 1.17. “Effective Date.” The original Effective Date of the Plan was July 1, 2005. The Plan is
hereby amended and restated effective as of May 1, 2007, in order to conform to the final Treasury Regulations under Code section 409A. 

1.18. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

1.19. “Estate” means the Estate of a Participant. 

1.20. “Executive” shall mean a senior executive officer of the Bank. 

1.21. “Interest Factor” means six percent (6%) or such other rate as is reasonably determined by the Board of Directors from
time to time. 
 1.22. “Joinder Agreement” means the agreement executed by the Participant upon initial participation in the Plan
that sets forth the terms of the participation and payment of the Supplemental Retirement Benefit. 
 1.23. “MHC” means Investors
Bancorp, MHC, a New Jersey chartered mutual holding company which owns all or a majority of the issued and outstanding stock of the Company. 

1.24. “Normal Retirement Benefit” means a retirement benefit payable on or after the Normal Retirement Date in the form of a life
annuity with 120 monthly payments guaranteed, unless the Participant elects an alternative Distribution Option in his or her Joinder Agreement. The Normal Retirement Benefit shall be equal to (a) sixty percent (60%) times (b) the
Participant’s Average Annual Compensation reduced by the annuitized value (calculated using the Actuarial Assumptions) of the annual benefit payable under (i) the Bank’s tax-qualified defined benefit

  
 5 

 
pension plan, and (ii) the defined benefit portion of the Supplemental Retirement Plan I, in each case, in the same form as the Distribution Option elected by Participant. Notwithstanding
anything to the contrary herein, if the Participant elects an alternative Distribution Option, the alternative Distribution Option shall be the actuarial equivalent of the accrued benefit paid in the form of a life annuity with 120 monthly payments
guaranteed and the reductions taken under “(i)” and “(ii)” of this Section 1.24 shall each be stated in the same form as the Distribution Option elected by the Participant and shall be the actuarial equivalent of a life
annuity with 120 monthly payments guaranteed. In the event that the Participant has less than 120 months of cumulative service upon retirement on or after the Normal Retirement Date, the Participant’s benefit shall be reduced by 1/120th for each month of employment less than 120 months. In the event that a Participant actually retires later than the Normal Retirement Date, the Participant’s Normal Retirement Benefit shall be
increased by 0.8% for each month of deferment after age 65. 
 1.25. “Normal Retirement Date” means the first day of the month
coincident with or next following a Participant’s sixty-fifth (65th) birthday. 
 1.26. “Participant” shall mean an
Executive who has been selected to participate in the Plan. 
 1.27. “Separation from Service” means the Participant’s death,
retirement or other termination of employment with the Bank within the meaning of Code Section 409A. No Separation from Service shall be deemed to occur due to military leave, sick leave or other bona fide leave of absence if the period of such
leave does not exceed six months or, if longer, so long as the Participant’s right to reemployment is provided by law or contract. If the leave exceeds six months and the Participant’s right to reemployment is not provided by law or by
contact, then the Participant shall have a Separation from Service on the first date immediately following such six-month period. 
 Whether
a termination of employment has occurred is determined based on whether the facts and circumstances indicate that the employer and employee reasonably anticipated that no further services would be performed after a certain date or that the level of
bona fide services the employee would perform after such date (whether as an employee or as an independent contractor) would permanently decrease to no more than 20% of the average level of bona fide services performed over the immediately preceding
36 months (or such lesser period of time in which the Participant has provided services for the Bank). The determination of whether a Participant has a Separation from Service shall be made by applying the presumptions set forth in the Treasury
Regulations under Code Section 409A. 
 1.28. “Specified Employee” means with respect to a publicly traded company, an
employee of the Bank or Company who is also a “key employee” as such term is defined in Section 416(i) of the Code, without regard to Paragraph 5 thereof. 

1.29. “Spouse” means the individual to whom Participant is legally married at the time of Participant’s death. 

1.30. “Supplemental Retirement Benefit” means the benefit due to the Participant following termination of employment on or after the
Early Retirement Date, the Normal Retirement Date or due to the Participant’s Total and Permanent Disability. A Supplemental Retirement Benefit may be an Early Retirement Benefit, a Normal Retirement Benefit or a Disability Retirement Benefit.

  
 6 

 1.31. “Supplemental Retirement Plan I” shall mean the Amended and Restated Supplemental
ESOP and Retirement Plan. 
 1.32. “Survivor’s Benefit” means the benefit provided under Section 4.1 to
Participant’s Beneficiary if Participant dies while in active employment of the Bank. The Survivor’s Benefit shall be equal in amount to the Supplemental Retirement Benefit payable to Participant if Participant had lived until his Normal
Retirement Date, terminated employment on such date and commenced receiving the Supplemental Retirement Benefit at that time. In addition, for purposes of these calculations, Participant’s Average Annual Compensation (including both base salary
and bonus) shall be deemed to increase at the rate of five percent (5%) per year to age 65 at the customary time of such normal annual increase. 

1.33. “Total and Permanent Disability” shall mean total and permanent disability within the meaning of the Social Security Act. 

SECTION II  

ELIGIBILITY 

Participation shall be limited to those persons selected by the Board from among the category of persons who are eligible. 

SECTION III 

SUPPLEMENTAL RETIREMENT BENEFITS 

3.1. Normal Retirement Benefit. Upon Participant’s Separation from Service coincident with or following his Normal Retirement
Date, the Bank shall commence payments of the Normal Retirement Benefit. Such payments shall commence the first day of the month next following Participant’s Separation from Service or, in the event Participant is a Specified Employee and the
following is required by Code Section 409A, the Normal Retirement Benefit shall commence within thirty (30) days following the six month anniversary of Participant’s Separation from Service, and shall be payable in accordance with the
Distribution Option set forth in Participant’s Joinder Agreement. 
 3.2. Early Retirement Benefit. Participant shall have the
elective right to receive an Early Retirement Benefit, provided he shall terminate employment prior to the Normal Retirement Date and shall have a nonforfeitable interest in the Plan. Such election, if made, shall be made prior to the last day of
December 2007, or if later, by the last day of the transition period under Code Section 409A, or with respect to a newly admitted Participant, within thirty (30) days after the date the Participant first becomes eligible to participate in
the Plan. This election will only be effective if a Participant actually terminates employment prior to the Normal Retirement Date for reasons other than Total and Permanent Disability, death or a Change in Control. In the event a Participant elects
an Early Retirement Benefit, payment of the Early Retirement Benefit shall commence within thirty (30) days after the Participant’s Separation from Service coincident with or following his Early Retirement Date or, in the event the
Participant is a Specified Employee and the following is required by Code Section 409A, the Early Retirement Benefit shall commence within thirty 

  
 7 

 
(30) days after the six month anniversary of Participant’s Separation from Service following his Early Retirement Date, and shall be payable in accordance with the Distribution Option set
forth in Participant’s Joinder Agreement. For a Participant who incurs a Separation from Service and commences receipt of an Early Retirement Benefit on or after the Early Retirement Date, the accrued benefit payable at age 65 is reduced by 2%
for each year by which his Early Retirement Date precedes his Normal Retirement Date, provided, however, if the Participant has completed 25 years of employment prior to termination, the accrued benefit will be unreduced at the Early Retirement
Date. 
 3.3. Disability. If Participant becomes Totally and Permanently Disabled prior to reaching his Normal Retirement Date, while
covered by the provisions of this Plan, the Participant shall be entitled to a Disability Retirement Benefit commencing within thirty (30) days after the Participant’s Normal Retirement Date. 

The Disability Retirement Benefit shall be payable in accordance with the Distribution Option set forth in Participant’s Joinder
Agreement for distribution of the Normal Retirement Benefit. In the event Participant dies at any time after termination of employment due to Total and Permanent Disability but prior to commencement of the Participant’s Disability Retirement
Benefit, the Bank shall pay the Survivor’s Benefit to the Participant’s Beneficiary. In the event the Participant dies after commencement of the Participant’s Disability Retirement Benefit, the Bank shall pay the remainder of the
payments then due to the Participant under the Disability Retirement Benefit. 
 3.4. Change in Control. In the event of
Participant’s Separation from Service coincident with or within two (2) years following a Change in Control, other than due to termination for Cause, the Participant shall be entitled to receive a Supplemental Retirement Benefit calculated
as either an Early Retirement Benefit or a Normal Retirement Benefit, as applicable. For these purposes, each Participant with less than 120 months of continuous employment will be deemed to have at least 120 months of continuous employment and, if
the Participant has not yet attained age 55, shall be deemed to have attained age 55. The Supplemental Retirement Benefit payable to a Participant in the event of Separation from Service in connection with or following a Change in Control shall be
paid in a single sum within thirty (30) days after the Participant’s Separation from Service or in the event the Participant is a Specified Employee and the following is required by Code Section 409A, the Supplemental Retirement
Benefit shall commence within thirty (30) days after the six month anniversary of Participant’s Separation from Service. 
 3.5.
Changes in Distribution Option. 
  

	 	(a)	 Notwithstanding anything herein to the contrary, a Participant may change his Distribution Option hereunder through December 31, 2007, in
accordance with Sections XII(A) and XII(B) of the Preamble to the final Treasury Regulations issued under Code section 409A, and Section 3.02 of Internal Revenue Service Notice 2006-79; provided, however, that in 2007 a Participant cannot
change payment elections with respect to payments that 

  
 8 

	 	
the Participant would otherwise receive in 2007 or cause payments to be made in 2007. Any transition period changes shall be made on such forms as are provided by the Administrator and shall be
filed with the Administrator during the applicable transition period. 

  

	 	(b)	In the event a Participant desires to modify the time or form (e.g., from an annuity to a lump sum or vice versa) of his Distribution Option after December 31, 2007, the Participant may do so by filing a written
election with the Administrator, provided that, with respect to any modification to a Distribution Option made after December 31, 2007: 

  

	 	(1)	the subsequent election shall not be effective for at least 12 months after the date on which the subsequent election is made; 

  

	 	(2)	except for payments upon the Participant’s death or Total and Permanent Disability, the first payment for which the subsequent election is made shall be deferred for a period of not less than 5 years from the date
on which such payment would otherwise have been made; and 

  

	 	(3)	for payments scheduled to be made on a specified date, the subsequent election must be made at least 12 months before the first scheduled payment.” 

 

	 	(c)	Notwithstanding anything herein to the contrary, a Participant who has elected to receive a distribution in the form of a life annuity may change the form of annuity payment from one type of life annuity to another type
of life annuity, with the same scheduled date for the first annuity payment, before any annuity payment has been made under the Plan. Such a change in not considered a change in the time or form of a payment, provided that the annuities are
actuarially equivalent applying reasonable actuarial methods and assumptions in accordance with Treasury Regulation section 1.409A-2(b)(2)(ii). 

SECTION IV  
 PRE
RETIREMENT AND POST RETIREMENT DEATH BENEFITS 
 4.1. Death Prior to Termination of Employment. If Participant dies prior to
termination of employment with the Bank or after termination of employment with the Bank but prior to the payment of any portion of the Supplemental Retirement Benefit, Participant’s Beneficiary shall be entitled to the Survivor’s Benefit.
Such benefit shall be paid in the form elected by the Participant in the Participant’s Joinder Agreement for benefits payable at the Normal Retirement Date. The Survivor’s Benefit shall begin within thirty (30) days after the Bank is
notified of the date of death of Participant. 

  
 9 

 4.2. Death Subsequent to Retirement. In the event of the death of Participant while
receiving monthly benefits under this Plan, but prior to receiving the entire Supplemental Retirement Benefit, then the unpaid balance of such monthly payments shall continue to be paid monthly to Participant’s Beneficiary until all such
payments have been made. 
 SECTION V  

PARTICIPANT’S RIGHT TO ASSETS 

The rights of Participant, any Beneficiary of Participant, or any other person claiming through Participant under this Plan, shall be solely
those of an unsecured general creditor of the Bank. Participant, the Beneficiary of Participant, or any other person claiming through Participant, shall only have the right to receive from the Bank those payments as specified under this Plan.
Participant agrees that he, his Beneficiary, or any other person claiming through him shall have no rights or interests whatsoever in any asset of the Bank, including any insurance policies or contracts which the Bank may possess or obtain to
informally fund this Plan. Any asset used or acquired by the Bank in connection with the liabilities it has assumed under this Plan, except as expressly provided, shall not be deemed to be held under any trust for the benefit of Participant or his
Beneficiaries, nor shall it be considered security for the performance of the obligations of the Bank. It shall be, and remain, a general, unpledged, and unrestricted asset of the Bank. 

SECTION VI  

RESTRICTIONS UPON FUNDING 

The Bank shall have no obligation to set aside, earmark or entrust any fund or money with which to pay its obligations under this Plan.
Participant, his Beneficiaries or any successor in interest to him shall be and remain simply a general creditor of the Bank in the same manner as any other creditor having a general claim for matured and unpaid compensation. The Bank reserves the
absolute right, at its sole discretion, to either fund the obligations undertaken by this Plan or to refrain from funding the same and to determine the extent, nature, and method of such informal funding. Should the Bank elect to fund this Plan, in
whole or in part, through the purchase of life insurance, disability policies or annuities, the Bank reserves the absolute right, in its sole discretion, to terminate such funding at any time, in whole or in part. At no time shall Participant be
deemed to have any lien nor right, title or interest in or to any specific funding investment or to any assets of the Bank. If the Bank elects to invest in a life insurance, disability or annuity policy upon the life of Participant, then Participant
shall assist the Bank by freely submitting to a physical examination and supplying such additional information necessary to obtain such insurance or annuities. 

SECTION VII  

ALIENABILITY AND ASSIGNMENT PROHIBITION 

No Participant nor any Beneficiary under this Plan 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 Participant or his
Beneficiary, 

  
 10 

 
nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event Participant or any Beneficiary attempts assignment, communication, hypothecation,
transfer or disposal of the benefits hereunder, the Bank’s liabilities shall forthwith cease and terminate. 
 SECTION VIII  

TERMINATION OF EMPLOYMENT FOR CAUSE 

Should a Participant be terminated for Cause, his or her benefits under this Plan shall be forfeited and this Plan shall become null and void
with respect to such Participant. 
 SECTION IX  

ACT PROVISIONS 

9.1. Named Fiduciary And Administrator. The Bank shall be the Named Fiduciary and Administrator of this Plan. As Administrator, the
Bank shall be responsible for the management, control and administration of the Plan as established herein. The Administrator may delegate to others certain aspects of the management and operational responsibilities of the Plan, including the
employment of advisors and the delegation of ministerial duties to qualified individuals. 
 9.2. Claims Procedure And Arbitration.

  

	 	(a)	In the event that benefits under this Plan are not paid to Participant (or to his Beneficiary in the case of Participant’s death) and such claimants feel they are entitled to receive such benefits, then a written
claim must be made to the Administrator named above within thirty (30) days from the date payments are refused. The Administrator and its Board shall review the written claim and, if the claim is denied, in whole or in part, they shall provide
in writing within thirty (30) days of receipt of such claim their specific reasons for such denial, reference to the provisions of this Plan upon which the denial is based and any additional material or information necessary to perfect the
claim. Such written notice shall further indicate the additional steps to be taken by claimants if a further review of the claim denial is desired. 

  

	 	(b)	If claimants desire a second review, they shall notify the Administrator in writing within thirty (30) days of the first claim denial. Claimants may review the Plan or any documents relating thereto and submit any
issues, in writing, and comments they may feel appropriate. In its sole discretion, the Administrator shall then review the second claim and provide a written decision within thirty (30) days of receipt of such claim. This decision shall
likewise state the specific reasons for the decision and shall include reference to specific provisions of the Plan upon which the decision is based. 

  

	 	(c)	 If claimants continue to dispute the benefit denial based upon completed performance hereunder or the meaning and effect of the terms and conditions
thereof, then claimants may submit the dispute to mediation, administered by 

  
 11 

	 	
the American Arbitration Association (“AAA”) (or a mediator selected by the parties) in accordance with the AAA’s Commercial Mediation Rules. If mediation is not successful in
resolving the dispute, it shall be settled by arbitration administered by the AAA under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. If it is
finally determined that Participant (or his Beneficiary) is entitled to the benefits set forth under this Plan, then all amounts that Participant (or his Beneficiary) would have received up to the time of such final determination shall be paid to
Participant (or his Beneficiary) with interest (calculated using the Interest Factor) within thirty (30) days after such final determination. 

9.3. Where a dispute arises as to the Bank’s discharge of Participant for Cause, such dispute shall likewise be submitted to arbitration
as above described and the parties hereto agree to be bound by the decision thereunder. 
 9.4. All reasonable legal fees paid or incurred
by Participant pursuant to any dispute or questions of interpretation relating to this Plan shall be paid or reimbursed by the Bank, provided that the dispute or interpretation has been settled by Participant and the Bank or resolved in
Participant’s favor. 
 SECTION X  

MISCELLANEOUS 

10.1. No Effect on Employment Rights. Nothing contained herein shall confer upon Participant the right to be retained in the service of
the Bank nor limit the right of the Bank to discharge or otherwise deal with Participant without regard to the existence of this Plan. 

10.2. Disclosure. Participant shall receive a copy of his Plan and the Administrator will make available, upon request, a copy of any
rules and regulations that govern this Plan. 
 10.3. Governing Law. The Plan is established under, and will be construed according
to, the laws of the State of New Jersey, to the extent that such laws are not preempted by the Act and valid regulations published thereunder. 

10.4. Severability. In the event that any of the provisions of this Plan or portion thereof, are held to be inoperative or invalid by
any court of competent jurisdiction, then: (1) insofar as is reasonable, effect will be given to the intent manifested in the provisions held invalid or inoperative, and (2) the validity and enforceability of the remaining provisions will
not be affected thereby. 
 10.5. Incapacity of Recipient. In the event Participant is declared incompetent and a conservator or
other person legally charged with the care of his person or of his estate is appointed, any benefits under the Plan to which such Participant is entitled shall be paid to such conservator or other person legally charged with the care of his person
or his Estate. Except as provided above in this paragraph, when the Bank’s Board in its sole discretion, determines that an Participant is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person
for the benefit of such Participant. 

  
 12 

 10.6. Unclaimed Benefit. Participant shall keep the Bank informed of his current address
and the current address of his Beneficiaries. The Bank shall not be obligated to search for the whereabouts of any person. If the location of Participant is not made known to the Bank within three years after the date on which any payment of
Participant’s Supplemental Retirement Benefit may be made, payment may be made as though Participant had died at the end of the three-year period. If, within one additional year after such three-year period has elapsed, or, within three years
after the actual death of Participant, the Bank is unable to locate any Beneficiary of Participant, then the Bank may fully discharge its obligation by payment to the Estate. 

10.7. Limitations on Liability. Notwithstanding any of the preceding provisions of the Plan, neither the Bank, nor any individual
acting as an employee or agent of the Bank or as a member of the Board shall be liable to Participant, former Participant, or any other person for any claim, loss, liability or expense incurred in connection with the Plan. 

10.8. Gender. Whenever, in this Plan, words are used in the masculine or neuter gender, they shall be read and construed as in the
masculine, feminine or neuter gender, whenever they should so apply. 
 10.9. Affect on Other Corporate Benefit Agreements. Nothing
contained in this Plan shall affect the right of Participant to participate in, or be covered by, any qualified or non-qualified pension, profit sharing, group, bonus or other supplemental compensation or fringe benefit agreement constituting a part
of the Bank’s existing or future compensation structure. 
 10.10. Headings. Headings and sub-headings in this Plan are inserted
for reference and convenience only and shall not be deemed a part of this Plan. 
 10.11. Establishment of Rabbi Trust. The Bank may,
but is not obligated to, establish a rabbi trust into which the Bank may contribute assets which shall be held therein, subject to the claims of the Bank’s creditors in the event of the Bank’s “Insolvency” as defined in the
agreement which establishes such rabbi trust, until the contributed assets are paid to Participants and their Beneficiaries in such manner and at such times as specified in this Plan. In the event a rabbi trust is established, it is the intention of
the Bank to make contributions to the rabbi trust to provide the Bank with a source of funds to assist it in meeting the liabilities of this Plan. The rabbi trust and any assets held therein shall conform to the terms of the rabbi trust agreement
which has been established in conjunction with this Plan. To the extent the language in this Plan is modified by the language in the rabbi trust agreement, the rabbi trust agreement shall supersede this Plan. Any contributions to the rabbi trust
shall be made during each Plan Year in accordance with the rabbi trust agreement. The amount of such contribution(s) shall be equal to the full present value of all benefit accruals under this Plan, if any, less: (i) previous contributions made
on behalf of Participant to the rabbi trust, and (ii) earnings to date on all such previous contributions. Notwithstanding any provisions of this Plan to the contrary, within five (5) business days before a Change in Control, the Bank
shall (i) deposit, or cause to be deposited, in a rabbi trust, an amount sufficient to fully fund all Participants’ Normal Retirement Benefits hereunder, and (ii) provide the Trustee of the rabbi trust, who shall be an independent
corporation having corporate trust powers, with a written direction to 

  
 13 

 
hold such amount and any investment return thereon in a segregated account or accounts for the benefit of such Participants, provided, however, that the foregoing provisions shall not be operable
and such rabbi trust shall not be funded on a Change in Control to the extent that such funding is impermissible under Code Section 409A or any regulations or other guidance issued thereunder. 

10.12. Payment of Employment and Code Section 409A Taxes. Any distribution under this Plan shall be reduced by the amount of any
taxes required to be withheld from such distribution. This Plan shall permit the acceleration of the time or schedule of a payment to pay employment related taxes as permitted under Treasury regulation Section 1.409A-3(j) or to pay any taxes
that may become due at any time that the arrangement fails to meet the requirements of Code Section 409A and the regulations and other guidance promulgated thereunder. In the latter case, such payments shall not exceed the amount required to be
included in income as the result of the failure to comply with the requirements of Code Section 409A. 
 10.13. Acceleration of
Payments. Except as specifically permitted herein or in other sections of this Plan, no acceleration of the time or schedule of any payment may be made hereunder. Notwithstanding the foregoing, payments may be accelerated hereunder by the Bank,
in accordance with the provisions of Treasury Regulation Section 1.409A-3(j)(4) and any subsequent guidance issued by the United States Treasury Department. Accordingly, payments may be accelerated, in accordance with requirements and
conditions of the Treasury Regulations (or subsequent guidance) in the following circumstances: (i) as a result of certain domestic relations orders; (ii) in compliance with ethics agreements with the Federal government; (iii) in
compliance with ethics laws or conflicts of interest laws; (iv) in limited cash-outs (but not in excess of the limit under Code Section 402(g)(1)(B)); (v) in the case of certain distributions to avoid a non-allocation year under Code
Section 409(p); (vi) to apply certain offsets in satisfaction of a debt of the Participant to the Bank; (vii) in satisfaction of certain bona fide disputes between the Participant and the Bank; or (viii) for any other purpose set
forth in the Treasury Regulations and subsequent guidance. 
 10.14. Construction and Severability. This Plan is adopted following
the enactment of Code Section 409A and is intended to be construed consistent with the requirements of that Section, the Treasury regulations and other guidance issued thereunder. If any provision of the Plan shall be determined to be
inconsistent therewith for any reason, then the Plan shall be construed, to the maximum extent possible, to give effect to such provision in a manner that is consistent with Code Section 409A, and if such construction is not possible, as if
such provision had never been included. In the event that any of the provisions of this Plan or portion thereof are held to be inoperative or invalid by any court of competent jurisdiction, then: (1) insofar as is reasonable, effect will be
given to the intent manifested in the provisions held to be invalid or inoperative, and (2) the invalidity and enforceability of the remaining provisions will not be affected thereby. 

SECTION XI  

NON-COMPETITION AFTER NORMAL RETIREMENT 

11.1. Non-Compete Clause. Except as stated in the second paragraph of this subsection, Participant expressly agrees that, as
consideration for the agreements of the Bank contained herein and as a condition to the performance by the Bank of its obligations hereunder, for a twenty-four 

  
 14 

 
(24) month period beginning at the time of termination of employment and ending on the second anniversary of the employment termination date the Participant will not, without the prior written
consent of the Bank, engage in, become interested, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, nor become associated with, in the capacity of an employee, director,
officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in any city, town or county in which the Bank maintains an office at the time of Participant’s termination of employment, which enterprise is, or
may deemed to be, competitive with any business carried on by the Bank as of the date of the termination of Participant’s employment or his retirement. 

In the event a Participant’s termination follows a Change in Control or other material change in the Bank’s structure or business
activities, Participant shall be entitled to his Normal Retirement Benefit whether or not he enters into an arrangement that is deemed to be competitive with the Bank. 

11.2. Breach. In the event of any breach by Participant of the agreements and covenants contained herein, the Board shall direct that
any unpaid balance of any payments to Participant under this Plan be suspended, and shall thereupon notify Participant of such suspensions, in writing. Thereupon, if the Board shall determine that said breach by Participant has continued for a
period of six (6) months following notification of such suspension, all rights of Participant and his Beneficiaries under this Plan, including rights to further payments hereunder, shall thereupon terminate. 

SECTION XII 

AMENDMENT/TERMINATION OF THE PLAN 

This Plan shall not be amended or modified, in whole or in part, in a manner that effects the benefits payable to a Participant, without the
written consent of the affected Participant, and such consent shall be required even if Participant is no longer employed by the Bank. Notwithstanding anything to the contrary herein, in the event that the Bank has a Change in Control, the Bank may
terminate the Plan within the thirty (30) days preceding, but not following the Change in Control, provided that (i) all agreements, methods, programs and other arrangements sponsored by the Bank immediately after the Change in Control
with respect to which deferrals of compensation are treated as having been deferred under a single plan pursuant to Treasury Regulation Section 1.409A-1(c)(2), are terminated and liquidated with respect to each Participant that experienced such
Change in Control, and (ii) all accrued benefits payable hereunder are paid to each affected Participant within twelve months of the Plan’s termination. In the event that the intent of any provision shall need to be construed in a manner
to avoid taxability, such construction shall be made by the Bank, as administrator of the Plan, in a manner that would manifest to the maximum extent possible the original meaning of such provisions. 

  
 15 

 SCHEDULE A 

ACTUARIAL ASSUMPTIONS 
 Interest:
Six percent (6%) per annum, compounded annually. 
 Pre-retirement Turnover: None 

Mortality: Determined according to the 1994 Group Annuity Reserving Table 

Assumed Retirement Age: Age on Normal Retirement Date 

 INVESTORS SAVINGS BANK 

AMENDED AND RESTATED 

EXECUTIVE SUPPLEMENTAL RETIREMENT WAGE REPLACEMENT PLAN 

BENEFICIARY DESIGNATION 

Executive,                      (name),
under the terms of that certain Investors Savings Bank Amended and Restated Executive Supplemental Retirement Wage Replacement Plan by and between him and INVESTORS SAVINGS BANK, Millburn, New Jersey, dated July 1, 2005, as amended and restated
May 1, 2007, hereby designates the following Beneficiary to receive any guaranteed payments or death benefits under such Plan, following his death: 
  

					
	PRIMARY BENEFICIARY:	  	  
	  	
			
	SECONDARY BENEFICIARY:	  	  
	  	

 This Beneficiary Designation hereby revokes any prior Beneficiary Designation which may have been in effect.

 Such Beneficiary Designation is revocable. 

DATE:                     , 20    

  

					
	  
	 		 	  

	(WITNESS)	 		 	(EXECUTIVE)
			
	  
	 		 	  

	(WITNESS)	 		 	

 INVESTORS SAVINGS BANK 

AMENDED AND RESTATED 

EXECUTIVE SUPPLEMENTAL RETIREMENT WAGE REPLACEMENT PLAN 

JOINDER AGREEMENT 
 I,
                    , am a participant in the Investors Savings Bank Amended and Restated Executive Supplemental Retirement Wage Replacement Plan
(“Plan”), which is effective July 1, 2005, as amended and restated May 1, 2007, and agree to the terms and conditions thereof. Any terms capitalized in this, my Joinder Agreement, which are not defined herein, shall have the same
meaning as set forth in the Plan. 
 For purposes of this Plan, my “Annual Compensation” shall be defined as my base salary and
bonus during any consecutive twelve-month period, including amounts deferred at my election to any tax-qualified or non-qualified employee benefit plan. 

I understand that my benefits shall commence to be paid to me at my Normal Retirement Date which occurs on the first day of the month
coincident with or next following my sixty-fifth (65) birthday, provided, however, that if my employment terminates prior to my Normal Retirement Date and I elect hereinbelow to receive an Early Retirement Benefit in accordance with the
provisions of Section 3.2 of the Plan, then my benefit shall commence on my Early Retirement Date. 
 PART I. 

Normal Retirement Benefit Distribution Option: I hereby elect to have my Normal Retirement Benefit paid in the form of [check one
option]: 
      A Life Annuity 

     A Life Annuity with 120 monthly payments guaranteed 

     A Joint and 100% Survivor Annuity with 120 monthly payments guaranteed 

     A Joint and 50% Survivor Annuity 

     A Single Sum Distribution 
 [If
no election is made the Normal Retirement Benefit will be paid in the form of a Life Annuity with 120 monthly payments guaranteed] 

PART II. 
 In the
Event my Employment Terminates Prior to the Normal Retirement Date, I elect to receive my Supplemental Retirement Benefit as follows: 

     I elect an Early Retirement Benefit following my Early Retirement Date in accordance with Section 3.2 of
the Plan. 
      I elect to delay any distribution and to receive a Normal Retirement Benefit on or after my
Normal Retirement Date, in accordance with Section 3.1 of the Plan. 

 PART III [Skip to Part IV if You did not Elect an Early Retirement Benefit in Part II]

 Early Retirement Benefit Distribution Option: I hereby elect to have my Early Retirement Benefit paid in the form of
[check one option]: 
      A Life Annuity 

     A Life Annuity with 120 monthly payments guaranteed 

     A Joint and 100% Survivor Annuity with 120 monthly payments guaranteed 

     A Joint and 50% Survivor Annuity 

     A Single Sum Distribution 
 [If
no election is made the Early Retirement Benefit will be paid in the form of a Life Annuity with 120 monthly payments guaranteed] 
 I understand that if
I fail to elect an Early Retirement Benefit, and I retire with a nonforfeitable interest in the Plan, my benefit will commence following my Normal Retirement Date and will be payable in the form of a life annuity, with 120 monthly payments
guaranteed. 
 Part IV 

I understand that I am entitled to review or obtain a copy of the Plan, at any time, and may do so by contacting the Administrator. 

This Joinder Agreement shall become effective upon execution (below) by both the Executive and a duly authorized officer of the Bank. 

Dated this              day of
                    , 200    . 
  

					
	Executive	 		 	Investors Savings Bank
			
	  
	 		 	  

 INVESTORS SAVINGS BANK 

AMENDED AND RESTATED 

EXECUTIVE SUPPLEMENTAL RETIREMENT 

WAGE REPLACEMENT PLAN 

Effective as of May 1, 2007 
  

 
 Amendment
Number One 
  
  

The Investors Savings Bank Amended and Restated Executive Supplemental Retirement Wage Replacement Plan, effective as of May 1, 2007 (the
“Plan”) is hereby amended in accordance with the following: 
 Effective September 19, 2011, the name “Investors Savings
Bank” shall be replaced by “Investors Bank” wherever it appears in the Plan. 
 IN WITNESS WHEREOF, this Amendment
Number One has been executed by a duly authorized officer of Investors Bank, on the date set forth below. 
  

							
		 		 	INVESTORS BANK
				
	 8/23/11
	 		 	By:	 	 /s/ Domenick Cama

	Date

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