FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT FOR CHARLES J. DESIMONE, JR.
EXHIBIT 10.5.1
WHEREAS, Xxxxxxx X. XxXxxxxx, Xx. (the “Executive”) currently serves as Senior Vice President of
Rockville Bank (the “Bank”) pursuant to the Employment Agreement by and among, the Bank, Rockville
Financial, Inc. (the “Company”) and the Executive effective as of May 20, 2005;
WHEREAS, Bank, the Company and the Executive wish to amend the term of the Employment Agreement,
subject to the conditions contained herein;
NOW, THEREFORE, BE IT RESOLVED, that the parties hereby agree as follows:
1. Effective as of December 22, 2006, Section 2 of the Employment Agreement is hereby amended in
its entirety to read as follows:
“2. Term.
Effective as of December 22, 2006, the term of employment of Executive under this
Agreement (the “Term”) shall be the period commencing on the Effective Date and ending on
January 2, 2008, except that the Term will end at a date prior to the end of such period or
extension thereof, specified in Section 6 or 7 in the event of termination of Executive’s
employment. The foregoing notwithstanding, in the event there occurs a Potential Change in
Control during the period of 60 days prior to January 2, 2008, the Term shall be extended
automatically at that January 2 by an additional period such that the Term will extend
until the 180th day following such Potential Change in Control.”
2. This First Amendment shall supersede the provisions of the Employment Agreement to the extent
those provisions are inconsistent with the provisions of this First Amendment. Executive
acknowledges that Executive has received good and valuable consideration from the Company and/or
Bank for this Amendment, and has had an opportunity to discuss this Amendment with advisors of
Executive’s choosing.
IN WITNESS WHEREOF, the Executive has hereunto set his hand and the Bank and the Company have
each caused this First Amendment to be duly executed on this ___day of December, 2006.
| ROCKVILLE FINANCIAL, INC | ||||
| BY: | ||||
| Name: | ||||
| ROCKVILLE BANK | ||||
| BY: | ||||
| Name: | ||||
| EXECUTIVE | ||||
| Xxxxxxx X. XxXxxxxx, Xx. | ||||
