Amended and Restated Change in Control AgreementChange in Control Agreement • November 6th, 2014 • Washington Trust Bancorp Inc • State commercial banks • Rhode Island
AGREEMENT made as of this __________ day of _________________ by and among Washington Trust Bancorp, Inc., a Rhode Island corporation with its principal place of business in Westerly, Rhode Island (the “Corporation”), The Washington Trust Company of Westerly, a Rhode Island banking corporation with its principal place of business in Westerly, Rhode Island (the “Bank”) and _______________ (the “Executive”), an individual presently employed as an executive of the Bank. This Agreement supersedes and fully replaces any previous executive severance agreement.
ContractChange in Control Agreement • November 6th, 2014 • Washington Trust Bancorp Inc • State commercial banks
The form of Amended and Restated Change in Control Agreement (the “Agreement”), filed as Exhibit 10.2 herewith contains blanks where the multiple of the executive’s base amount and the term of continued benefits provided under the Agreement vary for certain executives. On September 30, 2014, the Registrant entered into such an Agreement with the executive officer below, providing continued benefits for the term, and at the multiple of such executive's base amount, as listed in the following chart:
