FORM OFIncentive Stock Option Agreement • June 3rd, 2019 • Seneca Financial Corp. • Savings institution, federally chartered • New York
This incentive stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2019 Equity Incentive Plan (the “Plan”) of Seneca Financial Corp. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided or made available to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee responsible for administering the Plan (the “Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company” will include the parent and all present and fu
FORM OFNon-Qualified Stock Option Agreement • June 3rd, 2019 • Seneca Financial Corp. • Savings institution, federally chartered • New York
This non-qualified stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2019 Equity Incentive Plan (the “Plan”) of Seneca Financial Corp. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided or made available to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee responsible for administering the Plan (the “Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company” will include the parent and all present an
EMPLOYMENT AGREEMENTEmployment Agreement • June 14th, 2017 • Seneca Financial Corp. • New York
This Employment Agreement (the “Agreement”) is made and entered into, effective as of April 6, 2017 (the “Effective Date”), by and between Seneca Federal Savings and Loan Association (the “Bank”) and George J. Sageer (“Executive”). Any reference to the “Company” shall mean any newly-formed stock holding company of the Bank, or any successor thereto.
EXECUTIVE SPLIT DOLLAR LIFE INSURANCE AGREEMENTExecutive Split Dollar Life Insurance Agreement • June 14th, 2017 • Seneca Financial Corp. • Georgia
THIS AGREEMENT, made and entered into this 18 day of May, 2016 by and among Seneca Savings (hereinafter referred to as the “Bank”), a Bank organized and existing under the laws of New York, and Joseph G. Vitale (hereinafter referred to as the “Executive”).
SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENTSupplemental Executive Retirement Agreement • June 14th, 2017 • Seneca Financial Corp. • New York
THIS AGREEMENT, made and entered into this 20th day of June, 2016 (hereinafter the “Effective Date”), by Seneca Federal Savings and Loan Association, (hereinafter referred to as the “Bank”), a bank organized and existing under the laws of New York, and George Sageer (hereinafter referred to as the “Executive”).
SENECA FINANCIAL CORP. Up to 793,500 Shares (subject to increase up to 912,525 Shares) COMMON STOCK ($0.01 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENT AUGUST 14, 2017Agency Agreement • August 18th, 2017 • Seneca Financial Corp. • Savings institution, federally chartered • New York
RP® FINANCIAL, LC.Engagement Agreement • June 14th, 2017 • Seneca Financial Corp.
This letter sets forth the agreement whereby Seneca Federal Savings and Loan Association, Baldwinsville, New York, (the “Association”), has engaged RP® Financial, LC. (“RP Financial”) for independent conversion appraisal services in conjunction with the minority stock offering by the Association. The specific appraisal services to be rendered, along with the timing and fee structure for these appraisal services are described below. These appraisal services will be directed by the undersigned, with the assistance of other Associates.
RESTRICTED STOCK AWARD AGREEMENT Granted by SENECA FINANCIAL CORP. under the SENECA FINANCIAL CORP.Restricted Stock Award Agreement • June 3rd, 2019 • Seneca Financial Corp. • Savings institution, federally chartered • New York
This restricted stock award agreement (“Restricted Stock Award” or “Agreement”) is and will be subject in every respect to the provisions of the 2019 Equity Incentive Plan (the “Plan”) of Seneca Financial Corp. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided or made available to each person granted a Restricted Stock Award pursuant to the Plan. The holder of this Restricted Stock Award (the “Participant”) hereby accepts this Restricted Stock Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee responsible for administering the Plan (the “Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the ter
