SEC Contract Filing

Filing Date: 2016-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>fxcb-201510kxex102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<a name="s1FF22F1BE2A841387535FD4EC9734BD1"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FORM OF</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">THIS</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AGREEMENT</font><font style="font-family:inherit;font-size:10pt;">&#32;(&#8220;Agreement&#8221;), as amended and restated, is made this 1</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">st</sup></font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;day of October, 2015 by and between </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fox Chase Bancorp,&#160;Inc.</font><font style="font-family:inherit;font-size:10pt;">&#32;(the &#8220;Company&#8221;), a Maryland corporation, with its principal offices at 4390 Davisville Road, Hatboro, Pennsylvania 19040, </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fox Chase Bank</font><font style="font-family:inherit;font-size:10pt;">&#32;(the &#8220;Bank&#8221;), a Pennsylvania state-chartered savings bank, with its principal offices at 4390 Davisville Road, Hatboro, Pennsylvania 19040 and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Jerry D. Holbrook</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;&#32;</font><font style="font-family:inherit;font-size:10pt;">(&#8220;Executive&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:10pt;">, the parties originally entered into this Agreement on October&#160;1, 2006, restated the Agreement in its entirety effective October 1, 2008, October 1, 2010, October 1, 2011, October 1, 2012, October 1, 2013 and October 1, 2014; and hereby amended and restated the Agreement in its entirety effective October 1, 2015. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:10pt;">, the Company and Bank desire to continue to assure both entities of the services of Executive as Executive Vice President and Chief Operating Officer for the period provided for in this Agreement; and</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:10pt;">, Executive and the Board of Directors of both the Company and Bank desire to enter into this amended and restated Agreement to clarify the terms and conditions of the employment of Executive and the related rights and obligations of each of the parties.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:10pt;">, in consideration of the promises and mutual covenants herein contained, it is agreed as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">1.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Position and Responsibilities.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(a)&#160;&#160;&#160;&#160;During the period of Executive&#8217;s employment under this Agreement, Executive agrees to serve as Executive Vice President and Chief Operating Officer of the Company and Bank.&#160; Executive shall have responsibility for the general management and control of the business and affairs of the Company and i