Document:

EX-10.12

Exhibit
10.12

AMENDMENT NO. 1 TO

NORTHFIELD BANK

NON-QUALIFIED SUPPLEMENTAL EMPLOYEE STOCK OWNERSHIP PLAN

          This Amendment No. 1 to the Northfield Bank Non-Qualified Supplemental Employee Stock
Ownership Plan (the “Plan”) is made effective as of the 1st day of January, 2008, unless
otherwise set forth herein.

          WHEREAS, Northfield Bank (the “Employer”) adopted the Plan, effective January 1, 2007; and

          WHEREAS, the Employer desires to revise the Plan to comply with certain technical requirements
of the final Treasury Regulations issued under Section 409A of the Internal Revenue Code of 1986,
as amended, in April 2007.

          NOW, THEREFORE, the Plan is hereby amended as specifically provided herein, it being
understood and agreed that except with respect to the amendments specifically provided for herein,
the remaining terms of the Plan shall remain in full force and effect:

	1.	 	The first sentence of Section 4.3 is hereby amended to read as follows:

          Benefits under this Section 4 shall be payable to the Participant in a lump sum, unless the
Participant elects an alternative form of benefit in accordance with Section 4.5, within 90 days of
the first to occur of:

	 	(a)	 	the Participant’s “Separation from Service,” other than due to death or Disability;
	 
	 	(b)	 	the Participant’s Disability;
	 
	 	(c)	 	the Participant’s death; or
	 
	 	(d)	 	a Change in Control of the Bank or the Company.

	2.	 	Section 4.5 is hereby added to read as follows:

          4.5 Distribution Elections. A Participant may elect in the Defined Contribution
Distribution Election Form, attached hereto as Exhibit B, the form of payment of his or her
Supplemental ESOP Benefits under Section 4.1 of the Plan. The benefits may be paid in one of the
following forms:

               (a) a single cash lump sum distribution of the entire balance credited to the Participant’s
Account; or

               (b) in such number of annual installment payments (not to exceed fifteen such payments) as the
Participant shall specify in his or her Defined Contribution Distribution Election Form. The
amount of each payment shall be equal to the quotient of (A) the entire

 

 

amount then credited to the Participant’s Account, divided by (B) the number of installment
payments remaining to be made.

          The Participant must elect the form of payment in his or her Defined Contribution Election
Form prior to the later of (i) 30 days following the date on which the Participant is eligible to
participate in the Plan, or (ii) December 31, 2008. If the Participant fails to designate a
payment schedule in his or her Defined Contribution Distribution Election Form, or if the entire
balance credited to the Participant’s Account at the time of distribution (when aggregated with
the Participant’s balance under all other plans with which this benefit must be aggregated) is less
than the applicable dollar amount under Code Section 402(g)(1), then payment shall be made in a
single cash lump sum distribution.

          IN WITNESS WHEREOF, the Employer has caused this Amendment No. 1 to be executed on its behalf
by its duly authorized officers as of the date first written above.

	 	 	 	 	 	 	 
	 	 	 	NORTHFIELD BANK

 	 
	Dated: 	December 18, 2008	 	By:  	/s/ Madeline G. Frank
 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 

2EX-10.13

Exhibit 10.13

NORTHFIELD BANK

Resolutions of the Board of Directors

          WHEREAS, over the last few years the Bank has updated all of its employment agreements with
its senior executives and other agreements, plans and arrangements to bring them into compliance
with Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), to the extent
applicable; and

          WHEREAS, certain expense reimbursement arrangements may be considered subject to the rules of
Code Section 409A and, in such event, the documents that provide for such arrangements are required
to provide additional conditions under which such expense reimbursements should occur; and

          WHEREAS, an expense reimbursement arrangement will not be subject to Code Section 409A and
will be deemed exempt under the “short term deferral rule” of Code Section 409A if the expenses are
reimbursed within two and one-half months following the end of the calendar year in which the
expenses are incurred; and

          WHEREAS, the Bank desires to exempt its expense reimbursement arrangements from Code Section
409A.

          NOW THEREFORE, BE IT RESOLVED, that all expenses reimbursed under any employment agreement or
any other agreement between the Bank and an executive or employee shall be reimbursed as soon as
practicable, but in any event no later than two and one-half months after the end of the calendar
year in which such expenses are incurred;

          RESOLVED FURTHER, that, to the extent applicable, this Resolution shall be deemed a
clarification of every employment agreement and other arrangement under which the Bank reimburses
the expenses of its executives and employees.EX-10.15

Exhibit 10.15

NON-STATUTORY STOCK OPTION AWARD AGREEMENT

NORTHFIELD BANCORP, INC. 2008 EQUITY INCENTIVE PLAN

          This Agreement is provided to                                         
(“Participant” or “You”) by Northfield Bancorp,
Inc. (the “Company”) as of January 30, 2009 (the “Grant Date”), the date the Committee appointed by
the Board of Directors of the Company awarded the Participant Non-Statutory Stock Options
(“Option”) pursuant to the Northfield Bancorp, Inc. 2008 Equity Incentive Plan (the “2008 Plan”),
subject to the terms and conditions of the 2008 Plan. Capitalized terms used in this Agreement and
not otherwise defined, have the meanings assigned to such terms in the 2008 Plan. The holder of
this Option hereby accepts such award subject to all the terms and provisions of the 2008 Plan, and
should refer to the 2008 Plan for all terms and provisions of this Option.

	1.	 	Grant Date. January 30, 2009.
	 
	2.	 	Number of Shares of Stock Subject to Option. ###69,300### shares of Stock (“Shares”),
subject to adjustment as may be necessary pursuant to Article 3 of the 2008 Plan.
	 
	3.	 	Exercise Price per Share: $9.94
	 
	4.	 	Expiration Date: January 30, 2019
	 
	5.	 	Stock Appreciation Rights (“SARs”). Unless otherwise indicated below by the Company, SARs
are hereby granted with respect to all Options granted pursuant to Section 2 above. If
granted SARs will operate in tandem with the Options such that the exercise of one will cause
the cancellation of the other. If the Participant exercises SARs, the Participant will not be
required to pay an exercise price and will be entitled to receive Shares of the Company equal
in value to the difference between the Fair Market Value (“FMV”) of the Shares on the date of
exercise and the exercise price of the related Options (which will be canceled).

	 	Example: 	 	Participant receives 1,000 Options and related SARs. The Options have an
exercise price of $12. When the Company stock is trading at $18 per share, the
Participant exercises 300 SARs. Because the Participant has exercised SARs, the
Participant does not have to pay the exercise price. The Participant receives 100
shares of the Company stock as follows:

	 	 	 	 	 
	 	$18	 	 	Shares

	 	-$12	 	 	Exercise Price

	 

	 	$6	 	 	SAR Value

	 	x 300	 	 	SARs Exercised

	 

	 	$1,800 / $18	 	 	Total Value  ̧ FMV of Shares = 100 shares

NOTE: By marking the box below with an “X” where indicated and crossing out item 5 above,
the Company hereby indicates that, notwithstanding the foregoing, SARs have not been granted in
conjunction with grants of Options under this Agreement.

	 	o	 	No SARs have been awarded to the Participant under this Agreement.

 

 

	6.	 	Vesting Schedule. Unless sooner vested in accordance with the terms of the 2008 Plan, the
Option shall vest (become exercisable) in accordance with the following schedule:

	 	 	 	 	 
	Percentage of	 	Number of Shares	 	 
	Option Vested	 	Available for Exercise	 	Vesting Date
	20%

	 	###13,860###
	 	January 30, 2010
	20%
	 	###13,860###
	 	January 30, 2011
	20%
	 	###13,860###
	 	January 30, 2012
	20%
	 	###13,860###
	 	January 30, 2013
	20%
	 	###13,860###
	 	January 30, 2014

	7.	 	Effect of Termination of Service on Option. If your service with the Company or any
Subsidiary terminates for any reason other than as set forth in the 2008 Plan, your Option
will be exercisable only as to those shares that were immediately exercisable at the date of
termination and may be exercised only for a period of three months following termination.
	 
	8.	 	Exercise of Option. You may exercise your Option by providing:

	 	(a)	 	a written Notice of Exercise of Non-Statutory Option (see Exhibit A) delivered
to the Company; and
	 
	 	(b)	 	payment to the Company in full for the Shares subject to the exercise in
accordance with the terms of the 2008 Plan.

	9.	 	Exercise of SAR. You may exercise your SAR by providing a written Notice of Exercise of
Stock Appreciation Right (see Exhibit B) delivered to the Company.
	 
	10.	 	Withholding. The Company has the authority and the right to deduct from your compensation or
require You to remit to the Company, an amount sufficient to satisfy federal, state, and local
(if any) withholding taxes and employment taxes (e.g., FICA and FUTA). Alternatively,
employees may request the Company to withhold a number of shares sufficient to satisfy the
minimum required tax withholding. Directors who are not employees of the Company are
self-employed and are not subject to tax withholding.
	 
	11.	 	Plan Controls. The terms contained in the 2008 Plan are incorporated into and made a part of
this Agreement, and this Agreement shall be governed by and construed in accordance with the
2008 Plan. In the event of any actual or alleged conflict between the provisions of the 2008
Plan and the provisions of this Agreement, the provisions of the 2008 Plan will control.
	 
	12.	 	Notice. Notices and communications under this Agreement must be in writing and delivered in
the manner set forth in Section 7.16 of the 2008 Plan. Notices to the Company must be
addressed to:

Northfield Bancorp, Inc.

581 Main Street, Suite 810

Woodbridge, New Jersey 07095

Attn: Director of Human Resources

				
	 	With a copy to:	 	Northfield Bank

581 Main Street, Suite 810

Woodbridge, New Jersey 07095

Attn: Director of Human Resources

or any other address designated by the Company in
a written notice to you. Notices to You will be directed to your address as then currently on
file with the Company, or at any other address that You provide in a written notice to the
Company.

2

 

          IN WITNESS WHEREOF, Northfield Bancorp, Inc., acting by and through the Board of Directors,
has caused this Agreement to be executed as of the Grant Date set forth above.

	 	 	 	 	 	 	 
	 	 	NORTHFIELD BANCORP, INC.	 	 
	 
	 	 	 	 	 	 
	

Accepted by Participant:

	 	By:
	 	  

On
behalf of the Board of Directors
	 	 

           
                      
                                 

Date:          
                   
            

Schedule

The above form of Non-Statutory Stock Option Award Agreement was signed by all of the Directors
(excluding John W. Alexander, Chairman, and Chief Executive Officer, who entered into a separate
Non-Statutory Stock Option Award Agreement) of Northfield Bancorp, Inc. which consists of the
following persons: Stanley A. Applebaum; John R. Bowen; Annette Catino; Gil Chapman; John P,
Connors, Jr.; John J. DePierro; Susan Lamberti; Albert J. Regen, Patrick E. Scura, Jr.

3

 

EXHIBIT A

NOTICE OF EXERCISE OF NON-STATUTORY STOCK OPTION

          I,                                                              (print name), hereby exercise the stock option (the
“Option”) granted to me by Northfield Bancorp, Inc. (the “Company”) or its affiliate, subject to
all the terms and provisions set forth in the Non-Statutory Stock Option Award Agreement (the
“Agreement”) and the Northfield Bancorp, Inc. 2008 Equity Incentive Plan (the “2008 Plan”) referred
to therein, and notify the Company of my desire to purchase                                          shares of common
stock of the Company (“Shares”) for a purchase price of $                     per share.

          Enclosed please find (check one):

	 	     	 	Cash, personal, certified or cashier’s check in the sum of $ 
                   , in
full/partial payment of the purchase price.
	 
	 	     	 	Stock of the Company with a fair market value of $    
                 in full/partial
payment of the purchase price.*
	 
	 	     	 	My check in the sum of $        
             and stock of the Company with a fair
market value of $                 
   , in full/partial payment of the purchase price.*
	 
	 	     	 	Please sell           
           shares from my Option shares through a broker in
full/partial payment of the purchase price.

          I hereby represent that it is my intention to acquire these shares for the following purpose:

	 	     	 	investment
	 
	 	     	 	resale or distribution

          Please note: if your intention is to resell (or distribute within the meaning of Section 2(11)
of the Securities Act of 1933) the shares you acquire through this Option exercise, the Company or
transfer agent may require an opinion of counsel that such resale or distribution would not violate
the Securities Act of 1933 prior to your exercise of such Option.

	 	 	 	 	 
	Date:        
                   
              ,            .

	 	 	 	 
	 

	 	 	 	 
	 

	 	Participant’s signature	 	 

 

*   If I elect to exercise by exchanging shares I already own, I will constructively
return shares that I already own to purchase the new option shares. If my shares are in
certificate form, I must attach a separate statement indicating the certificate number of the
shares I am treating as having exchanged. If the shares are held in “street name” by a registered
broker, I must provide the Company with a notarized statement attesting to the number of shares
owned that will be treated as having been exchanged. I will keep the shares that I already own and
treat them as if they are shares acquired by the option exercise. In addition, I will receive
additional shares equal to the difference between the shares I constructively exchange and the
total new option shares that I acquire.

 

 

EXHIBIT B

NOTICE OF EXERCISE OF STOCK APPRECIATION RIGHT

          I,                                                              (print name), hereby exercise                                          stock
appreciation rights (“SARs”) with respect to Options granted to me by Northfield Bancorp, Inc. (the
“Company”) or its affiliate, subject to all the terms and provisions set forth in the related
Non-Statutory Stock Option Award Agreement (the “Agreement”) and the Northfield Bancorp, Inc. 2008
Equity Incentive Plan (the “2008 Plan”).

          I understand that the exercise of the above number of SARs will cause the cancellation of the
same number of Options granted under the Agreement. I also understand that by exercising the above
SARs, I will not be required to pay the exercise price of the related Options and will be entitled
to receive Shares of the Company equal in value to the positive difference between the Fair Market
Value of the Shares on the date of exercise and the exercise price of the related Options, provided
however, that no fractional Shares will be issued to me.

          I hereby represent that it is my intention to acquire these shares for the following purpose:

	 	     	 	investment
	 
	 	     	 	resale or distribution

          I understand that I am subject to income tax on my SAR exercise and that the Company is
required to withhold applicable income taxes. I understand that unless I write a check to the
Company to cover the applicable withholding taxes, the Company may retain a number of shares from
those to be distributed to me to cover the minimum taxes that the Company is required to withhold.

          Please note: if your intention is to resell (or distribute within the meaning of Section 2(11)
of the Securities Act of 1933) the shares you acquire through this SAR exercise, the Company or
transfer agent may require an opinion of counsel that such resale or distribution would not violate
the Securities Act of 1933 prior to your exercise of such SAR.

	 	 	 	 	 
	Date:        
                   
              , 200

	 	 	 	 
	 

	 	 	 	 
	 

	 	Participant’s signature	 	 

 

 

EXHIBIT C

ACKNOWLEDGMENT OF RECEIPT OF SHARES

          I hereby acknowledge the delivery to me by Northfield Bancorp, Inc. (the “Company”) or its
affiliate on                                                    , of stock certificates for
                                         shares
of common stock of the Company purchased by me pursuant to the terms and conditions of the
Non-Statutory Stock Option Award Agreement and the Northfield Bancorp, Inc. 2008 Equity Incentive
Plan, as applicable, which shares were transferred to me on the Company’s stock record books on
                  
                  
    .

	 	 	 	 	 
	Date:        
                   
              

	 	 	 	 
	 

	 	 	 	 
	 

	 	Participant’s signature

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