Exhibit 10.2
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
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THIS AGREEMENT is entered into this 31/st/ day of March, 1992, by and
between Central Co-operative Bank, Somerville, Massachusetts (the "Bank") and
Xxxx X. Xxxxxxx (the "Employee").
WHEREAS, the parties have previously entered into an employment agreement
(the "Agreement") dated October 24, 1986 providing for the employment of the
Employee as the President of the Bank; and
WHEREAS, the parties desire by this writing to amend paragraph 1 of the
Agreement as set forth herein.
NOW, THEREFORE, it is AGREED as follows:
1. Section 1 of the Agreement is amended by deleting the first sentence
therein and adding a new first sentence as follows:
The Employee is employed as the President and Chief Executive Officer
of the Bank.
2. Nothing contained herein shall be held to alter, vary or affect any of
the terms, provisions, or conditions of the Agreement other than as stated
above.
IN WITNESS WHEREOF, the undersigned have executed this First Amendment to
the Agreement on the day and year first written above.
ATTEST: CENTRAL CO-OPERATIVE BANK
/s/ Xxxxxx X. Xxxxxxxxx By: /s/ Xxxxxx X. Xxxxxxxx, Xx.
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Chairman of the Finance
Committee
WITNESS:
/s/ Xxxxxxxxx Xxxxxxxx /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
