RETIREMENT — RESIGNATION AND TRANSITION AGREEMENTRetirement, Resignation and Transition Agreement • October 13th, 2006 • Sovereign Bancorp Inc • Savings institution, federally chartered • Pennsylvania
This RETIREMENT—RESIGNATION AND TRANSITION AGREEMENT (“Agreement”) is by and between Sovereign Bancorp, Inc. (“Bancorp”), a Pennsylvania corporation, and Sovereign Bank (“Bank,” and, collectively, with Bancorp, “Sovereign”), a Federal Savings Bank organized and existing under the laws of the United States, and Jay S. Sidhu (“Executive”), an individual residing in the Commonwealth of Pennsylvania. This Agreement is entered into as of October 10, 2006.
