Employment AgreementEmployment Agreement • April 12th, 2017 • PDL Community Bancorp • New York
This Employment Agreement (the “Agreement”) is made and entered into as of March 23, 2017, by and between Carlos P. Naudon (the “Executive”) and Ponce De Leon Federal Bank, a federally chartered bank (the “Bank”).
Employment AgreementEmployment Agreement • April 12th, 2017 • PDL Community Bancorp • New York
This Employment Agreement (the “Agreement”) is made and entered into as of , 2017, by and among Steven A. Tsavaris (the “Executive”) on the one side, and on the other side Ponce Bank Mutual Holding Company, a federally chartered mutual holding company (the “MHC”), and PDL Community Bancorp, a federally chartered savings and loan holding company (the “Bancorp”).
PDL COMMUNITY BANCORP Up to 7,224,663 Shares (subject to increase up to 8,308,362 shares) COMMON STOCK ($0.01 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENT July 31, 2017Agency Agreement • August 2nd, 2017 • PDL Community Bancorp • Savings institution, federally chartered • New York
NON-QUALIFIED STOCK OPTION AGREEMENT FOR NON-EMPLOYEE DIRECTORS UNDER THE PDL COMMUNITY BANCORP 2018 LONG-TERM INCENTIVE PLANNon-Qualified Stock Option Agreement • December 12th, 2018 • PDL Community Bancorp • Savings institution, federally chartered
Pursuant to the PDL Community Bancorp 2018 Long-Term Incentive Plan as amended through the date hereof (the “Plan”), PDL Community Bancorp (the “Company”) hereby grants to the Optionee named above an option (the “Stock Option”) to purchase on or prior to the Expiration Date specified above all or part of the number of shares of Common Stock, par value $0.01 per share (the “Stock”), of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan. This Stock Option is not intended to be an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended.
CONFIDENTIAL May 12, 2017 Ponce De Leon Federal Bank Bronx, New York 10462Engagement Letter • May 22nd, 2017 • PDL Community Bancorp • Savings institution, federally chartered
By letter dated December 2, 2016 (the “Engagement Letter”), Ponce De Leon Federal Bank (the “Bank”), on behalf of itself and the Company (as such term is defined in the Engagement Letter), and Raymond James & Associates, Inc., (“Raymond James”) entered into an agreement with respect to the terms under which Raymond James would assist the Company in connection with the Bank’s proposed reorganization into the mutual holding company form of organization. This letter hereby amends the Engagement Letter to clarify certain matters with regard to the engagement of Raymond James as provided herein. Accordingly, the Engagement Letter is hereby amended as follows:
RESTRICTED STOCK UNIT AWARD AGREEMENT FOR EMPLOYEES UNDER THE PDL COMMUNITY BANCORP 2018 LONG-TERM INCENTIVE PLANRestricted Stock Unit Award Agreement • December 12th, 2018 • PDL Community Bancorp • Savings institution, federally chartered
Pursuant to the PDL Community Bancorp 2018 Long-Term Incentive Plan as amended through the date hereof (the “Plan”), PDL Community Bancorp (the “Company”) hereby grants to the Grantee named above the number of Restricted Stock Units indicated above (the “Award”). Each Restricted Stock Unit represents an unfunded, unsecured right to receive one share of Common Stock, par value $0.01 per share (the “Stock”) of the Company specified above, subject to the restrictions and conditions set forth herein and in the Plan. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Committee.
RESTRICTED STOCK UNIT AWARD AGREEMENT FOR NON-EMPLOYEE DIRECTORS UNDER THE PDL COMMUNITY BANCORP 2018 LONG-TERM INCENTIVE PLANRestricted Stock Unit Award Agreement • December 12th, 2018 • PDL Community Bancorp • Savings institution, federally chartered
Pursuant to the PDL Community Bancorp 2018 Long-Term Incentive Plan as amended through the date hereof (the “Plan”), PDL Community Bancorp (the “Company”) hereby grants to the Grantee named above the number of Restricted Stock Units indicated above (the “Award”). Each Restricted Stock Unit represents an unfunded, unsecured right to receive one share of Common Stock, par value $0.01 per share (the “Stock”) of the Company specified above, subject to the restrictions and conditions set forth herein and in the Plan. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Committee.
November 1, 2016Appraisal Services Agreement • April 12th, 2017 • PDL Community Bancorp • New York
This letter sets forth the agreement between Ponce De Leon Federal Bank, Bronx, New York (the “Bank”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent appraisal services in conjunction with the minority stock offering concurrent with the mutual holding company (the “MHC”) reorganization and formation of a mid-tier holding company (the “Company”). The scope, timing and fee structure for these appraisal services are described below.
QUALIFIED STOCK OPTION AGREEMENT FOR EMPLOYEES UNDER THE PDL COMMUNITY BANCORP 2018 LONG-TERM INCENTIVE PLANQualified Stock Option Agreement • December 12th, 2018 • PDL Community Bancorp • Savings institution, federally chartered
Pursuant to the PDL Community Bancorp 2018 Long-Term Incentive Plan as amended through the date hereof (the “Plan”), PDL Community Bancorp (the “Company”) hereby grants to the Optionee named above an option (the “Stock Option”) to purchase on or prior to the Expiration Date specified above all or part of the number of shares of Common Stock, par value $0.01 per share (the “Stock”) of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan. This Stock Option is intended to be an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended.
