PB Bankshares, Inc. Sample Contracts

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EMPLOYMENT AGREEMENT
Employment Agreement • March 12th, 2021 • PB Bankshares, Inc. • Pennsylvania

This Employment Agreement (the “Agreement”) is made and entered into, effective as of the 1st day day of March, 2021 (the “Effective Date”), by and between Prosper Bank, a Pennsylvania-chartered savings bank (the “Bank”) and Janak M. Amin (the “Executive”). Any reference to the “Company” shall mean PB Bankshares, Inc., the holding company of the Bank, or any successor thereto.

CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • March 28th, 2023 • PB Bankshares, Inc. • Savings institutions, not federally chartered • Pennsylvania

This Change in Control Agreement (the “Agreement”) is made effective as of the 1st day of June 2022 (the “Effective Date”), by and between Presence Bank, a Pennsylvania-chartered stock savings bank (the “Bank”) and William H. Sayre (the “Executive”). Any reference to the “Company” shall mean PB Bankshares, Inc., the holding company of the Bank.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
Supplemental Executive Retirement Plan • March 28th, 2023 • PB Bankshares, Inc. • Savings institutions, not federally chartered

THIS SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (this “Agreement”), adopted this 16 day of January, 2023, by and between Presence Bank (the “Employer”) and Lindsay Bixler (the “Executive”).

FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
Non-Qualified Stock Option Award Agreement • October 27th, 2022 • PB Bankshares, Inc. • Savings institutions, not federally chartered • Pennsylvania

This Non-Qualified Stock Option Agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the PB Bankshares, Inc. 2022 Equity Incentive Plan (the “Plan”), which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and related prospectus have 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 appointed to administer the Plan (the “Committee”) or the Board of Directors 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” means PB Bankshares

RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • October 27th, 2022 • PB Bankshares, Inc. • Savings institutions, not federally chartered • Pennsylvania

This restricted stock agreement (“Restricted Stock Award” or “Agreement”) is and will be subject in every respect to the provisions of the PB Bankshares, Inc. 2022 Equity Incentive Plan (the “Plan”), which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and related prospectus have 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 appointed to administer the Plan (the “Committee”) or the Board of Directors 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

INCENTIVE STOCK OPTION AWARD AGREEMENT
Incentive Stock Option Award Agreement • October 27th, 2022 • PB Bankshares, Inc. • Savings institutions, not federally chartered • Pennsylvania

This Incentive Stock Option Agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the PB Bankshares, Inc. 2022 Equity Incentive Plan (the “Plan”), which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and related prospectus have 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 the 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 appointed to administer the Plan (the “Committee”) or the Board of Directors 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” means PB Bankshares, Inc

RP® FINANCIAL, LC. Advisory | Planning | Valuation
PB Bankshares, Inc. • March 12th, 2021

This letter sets forth the agreement between Prosper Bank, Coatesville, Pennsylvania (the “Bank”), whereby the Bank has engaged RP Financial to provide the conversion appraisal services in conjunction with the proposed standard stock conversion transaction. The scope, timing and fee structure for these appraisal services are described below.

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • February 27th, 2024 • PB Bankshares, Inc. • Savings institutions, not federally chartered • Pennsylvania

This Purchase and Sale Agreement (“Agreement”) is made by and between PRESENCE BANK (formerly known as COATESVILLE SAVINGS BANK) (the “Seller”), and FERFELDT INVESTMENTS LLC., a Florida limited liability company (“Buyer”) or assigns.

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