SI Financial Group, Inc. Sample Contracts

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LOAN AGREEMENT
Loan Agreement • June 10th, 2004 • SI Financial Group, Inc. • Connecticut

THIS LOAN AGREEMENT (“Loan Agreement”) is made and entered into as of the day of , 2004, by and between the SAVINGS INSTITUTE BANK AND TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN TRUST (“Borrower”), a trust forming part of the Savings Institute Bank and Trust Company Employee Stock Ownership Plan (“ESOP”); and SI FINANCIAL GROUP, INC. (“Lender”), a corporation organized and existing under the laws of the United States of America.

EMPLOYMENT AGREEMENT
Employment Agreement • April 17th, 2009 • SI Financial Group, Inc. • Savings institution, federally chartered • Connecticut

THIS AGREEMENT originally entered into on September 20, 2004 (the “Effective Date”), by and among SI FINANCIAL GROUP, INC., a federally chartered corporation (the “Company”), SAVINGS INSTITUTE BANK AND TRUST COMPANY, a federally-chartered savings bank (the “Bank”) and RHEO A. BROUILLARD (“Executive”) is amended and restated in its entirety as of December 17, 2008 (the “Agreement”).

FORM OF SAVINGS INSTITUTE BANK AND TRUST COMPANY CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • June 10th, 2004 • SI Financial Group, Inc. • Connecticut

This AGREEMENT (“Agreement”) is hereby entered into as of , 2004, by and between Savings Institute Bank and Trust Company (the “Bank”), a federally-chartered savings bank with its principal offices at 803 Main Street, Willimantic, Connecticut 06226, (“Executive”) and SI Financial Group, Inc. (the “Company”), a federally-chartered corporation and the holding company of the Bank, as guarantor.

SAVINGS INSTITUTE BANK AND TRUST COMPANY CHANGE IN CONTROL AGREEMENT
Savings Institute Bank and Trust Company • March 29th, 2007 • SI Financial Group, Inc. • Savings institution, federally chartered • Connecticut

This AGREEMENT (“Agreement”) is hereby entered into as of September 30, 2004, by and between Savings Institute Bank and Trust Company (the “Bank”), a federally-chartered savings bank with its principal offices at 803 Main Street, Willimantic, Connecticut 06226, Laurie L. Gervais (“Executive”) and SI Financial Group, Inc. (the “Company”), a federally-chartered corporation and the holding company of the Bank, as guarantor.

SECTION 409A AMENDMENT TO THE CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • March 27th, 2009 • SI Financial Group, Inc. • Savings institution, federally chartered • Connecticut

WHEREAS, David T. Weston (the “Executive”) entered into a change in control agreement with the Savings Institute Bank and Trust Company (the “Bank”) and SI Financial Group, Inc. (the “Company”) as guarantor, effective September 30, 2004 (the “Agreement”); and

FORM OF SAVINGS INSTITUTE DIRECTOR DEFERRED FEE AGREEMENT
Savings Institute • June 10th, 2004 • SI Financial Group, Inc. • Connecticut

THIS AGREEMENT is made this day of , 2003, by and between the Savings Institute (the “Bank”), a savings bank headquartered in Willimantic, Connecticut, and (the “Director”).

SAVINGS INSTITUTE BANK & TRUST COMPANY DIRECTOR DEFERRED FEE AGREEMENT
Director Deferred Fee Agreement • March 27th, 2009 • SI Financial Group, Inc. • Savings institution, federally chartered • Connecticut

THIS AGREEMENT is made this 1st day of December, 2008 by and between the Savings Institute Bank & Trust Company (the “Bank”), a savings bank headquartered in Willimantic, Connecticut, and (the “Director”).

FORM OF SAVINGS INSTITUTE BANK AND TRUST COMPANY CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • August 4th, 2004 • SI Financial Group, Inc. • Savings institution, federally chartered • Connecticut

This AGREEMENT (“Agreement”) is hereby entered into as of , 2004, by and between Savings Institute Bank and Trust Company (the “Bank”), a federally-chartered savings bank with its principal offices at 803 Main Street, Willimantic, Connecticut 06226, (“Executive”) and SI Financial Group, Inc. (the “Company”), a federally-chartered corporation and the holding company of the Bank, as guarantor.

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