Document:

Exhibit 10.4

 Exhibit 10.4 

BCB BANCORP, INC. 

EXECUTIVE AGREEMENT 

WHEREAS, KENNETH WALTER (“Executive”) and BCB BANCORP, INC. (the “Company”) and BCB COMMUNITY BANK (the
“Bank”) have entered into an Executive Agreement (“Executive Agreement”) to guarantee and ensure that the Executive shall receive the full value of the benefits to which he is entitled under various benefit plans sponsored by the
Company or by the Bank in which the Executive is a participant; and 
 WHEREAS, tax law provisions relating to
“golden parachute payments” could have the effect of reducing the benefits otherwise promised to Executive under the various benefit plans sponsored by the Company or the Bank as a result of a Change in Control of the Company or the Bank,
either as the result of cut-backs in the benefit due to restrictions imposed by the Company or the Bank’s regulators or the imposition of an excise tax on the deemed “excess parachute payment”; and 

WHEREAS, the Board believes that this Executive Agreement is in the best interests of the Company and the Bank and their
shareholders and will provide the benefits intended to be provided to Executive in the event of a change in control of the Company or the Bank, without any reduction because of tax code “penalties” or excise taxes relating to a change in
control. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, and upon the other terms and
conditions hereinafter provided, the parties hereto hereby agree as follows: 
 1. In the event of a Change in Control (as
defined in the Employment Agreement between the Bank and the Executive) of the Bank or the Company, the Executive shall be entitled to receive, pursuant to this Executive Agreement, an amount payable by the Company or the Bank, in addition to any
compensation or benefits otherwise paid by the Bank or the Company, which shall equal the difference, if any, between (i) the amount that would be paid by the Company or the Bank under the terms of the various benefit plans without regard to
any reduction that may be required or imposed by any regulatory authority having jurisdiction over the Company or the Bank, and (ii) the amount that is actually paid to or for the benefit of the Executive by the Company or the Bank under the
terms of the various benefit plans. 
 2. In addition, in each calendar year that Executive is entitled to receive payments or
benefits under the provisions of a benefit plan and this Executive Agreement, the independent accountants of the Company or the Bank shall determine if an excess parachute payment (as defined in Code Section 4999 of the Code) exists. Such
determination shall be made after taking any reductions permitted pursuant to Section 280G of the Code and the regulations thereunder. Any amount determined to be an excess parachute payment after taking into account such reductions shall be
hereafter referred to as the “Initial Excess Parachute Payment.” As soon as practicable after a Change in Control, the Initial Excess Parachute Payment shall be determined. Upon the Date of Termination following a Change in Control, the
Company or the Bank shall pay Executive, subject to applicable withholding requirements under applicable state or federal law an amount equal to: 
  

	 	(i)	twenty (20) percent of the Initial Excess Parachute Payment (or such other amount equal to the tax imposed under Section 4999 of the Code), and

	 	(ii)	such additional amount (tax allowance) as may be necessary to compensate Executive for the payment by Executive of state and federal income and excise taxes on the
payment provided under Clause (i) and on any payments under this Clause (ii). In computing such tax allowance, the payment to be made under Clause (i) shall be multiplied by the “gross up percentage” (“GUP”). The GUP
shall be determined as follows: 

  

											
		  		  	GUP =	 	 Tax Rate
	  		  	
		  		  	 	1 - Tax Rate	  		  	

 The Tax Rate for purposes of computing the GUP shall be the highest marginal federal and state
income and employment-related tax rate, including any applicable excise tax rate, applicable to the Executive in the year in which the payment under Clause (i) is made. 

Notwithstanding the foregoing, any payment pursuant to this Executive Agreement shall be made no later than sixty (60) days after
the date on which the Executive remits any excise tax to the required taxing authority. 
 3. Notwithstanding the foregoing, if
it shall subsequently be determined in a final judicial determination or a final administrative settlement to which Executive is a party that the excess parachute payment as defined in Section 4999 of the Code, reduced as described above, is
different from the Initial Excess Parachute Payment (such different amount being hereafter referred to as the “Determinative Excess Parachute Payment”) then the Company or Bank’s independent accountants shall determine the amount (the
“Adjustment Amount”) the Executive must pay to the Company or Bank or the Company or Bank must pay to the Executive in order to put the Executive (or the Company or Bank, as the case may be) in the same position as the Executive (or the
Company or Bank, as the case may be) would have been if the Initial Excess Parachute Payment had been equal to the Determinative Excess Parachute Payment. In determining the Adjustment Amount, the independent accountants shall take into account any
and all taxes (including any penalties and interest) paid by or for Executive or refunded to Executive or for Executive’s benefit. As soon as practicable after the Adjustment Amount has been so determined, the Company or the Bank shall pay the
Adjustment Amount to Executive or the Executive shall repay the Adjustment Amount to the Company or Bank, as the case may be. The purpose of this paragraph is to assure that (i) the Executive is not paid more as reimbursement for the golden
parachute excise tax than it may ultimately be determined is necessary to make him whole, and (ii) if it is subsequently determined that additional golden parachute excise tax is owed by him, additional reimbursement payments will be made to
him to make him whole for the additional excise tax. 
 4. In each calendar year that Executive receives payments or benefits
under one or more benefit plans sponsored by the Bank or the Company, Executive shall report on his state and federal income tax returns such information as is consistent with the determination made by the independent

  

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accountants of the Company or Bank as described above. The Company and the Bank shall indemnify and hold Executive harmless from any and all losses, costs and expenses (including without
limitation, reasonable attorney’s fees, interest, fines and penalties) that Executive incurs as a result of so reporting such information. Executive shall promptly notify the Company or the Bank in writing whenever the Executive receives notice
of the institution of a judicial or administrative proceeding, formal or informal, in which the federal tax treatment under Section 4999 of the Code of any amount paid or payable under this Executive Agreement is being reviewed or is in
dispute. The Company or the Bank shall assume control at its expense over all legal and accounting matters pertaining to such federal tax treatment (except to the extent necessary or appropriate for Executive to resolve any such proceeding with
respect to any matter unrelated to amounts paid or payable pursuant to this contract). The Executive shall cooperate fully with the Company or the Bank in any such proceeding. The Executive shall not enter into any compromise or settlement or
otherwise prejudice any rights the Company or the Bank may have in connection therewith without prior consent to the Company or Bank. 

5. This Executive Agreement shall be binding on the Company, the Bank, their successors and assigns and the benefits hereunder shall
inure to the benefit of Executive, his heirs and beneficiaries. 
  

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 IN WITNESS WHEREOF, the Company, the Bank, and the Executive have
caused this Executive Agreement to be executed as of the
6th day of July, 2010. 

 

			
	BCB BANCORP, INC.
		
	By:	 	 /s/ Donald Mindiak

	
	BCB COMMUNITY BANK
		
	By:	 	 /s/ Donald Mindiak

	
	EXECUTIVE
		
	By:	 	 /s/ Kenneth Walter

		 	Kenneth Walter
		 	Chief Financial Officer

  

 4Exhibit 10.5

 Exhibit 10.5 

ACKNOWLEDGMENT AND RELEASE 

AGREEMENT 

This Acknowledgment and Release Agreement (the “Agreement”) is entered into as of July 6, 2010, and is made by and between
BCB Bancorp, Inc., (“BCB”) a New Jersey corporation and bank holding company, BCB Community Bank (the “Bank”), a New Jersey chartered bank and wholly owned subsidiary of BCB, and DONALD MINDIAK (the “Executive”).

 WHEREAS, the Executive, BCB, and the Bank are parties to a Change in Control Agreement dated as of December 10,
2008 (the “Change in Control Agreement”); and 
 WHEREAS, BCB and Pamrapo Bancorp, Inc. (“Pamrapo”)
have entered into an Agreement and Plan of Merger, dated as of June 29, 2009 (the “Merger Agreement”), whereby Pamrapo will be merged into BCB (the “Merger”), and thereafter the corporate existence of Pamrapo shall cease;
and 
 WHEREAS, the Executive understands and agrees that his Change in Control Agreement will terminate at the Effective
Time (as defined in the Merger Agreement) and Executive will become a party to an Employment Agreement with the Bank (the “Employment Agreement”). 

NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter contained, the parties do hereby
agree to the following: 
 Section 1. Termination of the Change in Control Agreement 

Executive acknowledges and agrees that, as of the Effective Time, the Change in Control Agreement will terminate without any further
action of any party hereto and shall be superseded by the Employment Agreement. 
 Section 2. Employee Release.

 (a) As used in this Agreement, the term “claims” shall include all claims, covenants, warranties, promises,
undertakings, actions, suits, causes of action, obligations, debts, accounts, judgments, losses and liabilities (including attorneys’ fees and costs), of whatsoever kind or nature, in law, equity or otherwise. 

(b) For good and valuable consideration, Executive, for and on behalf of himself and his heirs, administrators, executors and assigns, as
of the date hereof, does hereby fully and forever release and discharge BCB, the Bank and their respective subsidiaries and affiliates (and their respective predecessor and successors), together with their officers, directors, partners,
shareholders, employees, agents and advisors (the “Releasees”) from any and all claims that Executive had, may have had or may have against BCB, the Bank or the Releasees, for any benefits, awards or payments or any other claims under the
Change in Control Agreement. 

 Section 3. Governing Law. 

This Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey, without giving effect to the
choice of law principles thereof. 
 Section 4. Entire Agreement. 

This Agreement constitutes the entire understanding and agreement of the parties hereto regarding the termination of the Change in Control
Agreement This Agreement supersedes all prior negotiations, discussions, correspondence, communications, understanding and agreements, whether oral or in writing, relating to the subject of this Agreement. 

Section 5. Section Headings. 

The headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part thereof,
affect the meaning or interpretation of this Agreement or any provision hereof 
 Section 6. Effectiveness. 

 Notwithstanding anything to the contrary contained herein, this Agreement shall be subject to consummation of the Merger, and
shall be effective as of the Effective Time. In the event the Merger Agreement is terminated for any reason, this Agreement shall be deemed null and void. 

[Signature Page to Follow] 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the
day and year first written above. 
  

			
	EXECUTIVE:
	
	 /s/ Donald Mindiak

	Donald Mindiak
	
	BCB BANCORP, INC.
		
	By:	 	 /s/ Mark Hogan

		
	Name:	 	Mark Hogan
		
	Title:	 	Chairman of the Board
	
	BCB COMMUNITY BANK
		
	By:	 	 /s/ Mark Hogan

		
	Name:	 	Mark Hogan
		
	Title:	 	Chairman of the Board

  

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