0000893220-08-000492 Sample Contracts

AGREEMENT

Execution Copy Agreement • February 21st, 2008 • Sovereign Bancorp Inc • Savings institution, federally chartered • Massachusetts

• Contract Type
  Execution Copy Agreement
• Filed
  February 21st, 2008
• Company
  Sovereign Bancorp Inc
• Industry
  Savings institution, federally chartered
• Jurisdiction
  Massachusetts

THIS AGREEMENT (“Agreement”) made as of this 3rd day of March, 2008, between SOVEREIGN BANCORP, INC., a Pennsylvania corporation (“SBI”), and KIRK W. WALTERS, an individual (the “Executive”).

SEPARATION AGREEMENT

Separation Agreement • February 21st, 2008 • Sovereign Bancorp Inc • Savings institution, federally chartered • Pennsylvania

• Contract Type
  Separation Agreement
• Filed
  February 21st, 2008
• Company
  Sovereign Bancorp Inc
• Industry
  Savings institution, federally chartered
• Jurisdiction
  Pennsylvania

This Separation and Release Agreement (“Agreement”) made as of this 20th day of February, 2008, between SOVEREIGN BANCORP, INC., a Pennsylvania corporation (“SBI”), and SOVEREIGN BANK (“Bank,” and, collectively, with SBI and its subsidiaries, “Sovereign”), a Federal Savings Bank organized and existing under the laws of the United States, and MARK R. MCCOLLOM, an individual (the “Executive”).