CHANGE IN CONTROL, CONFIDENTIALITY AND NON-COMPETE AGREEMENTAnd Non-Compete Agreement • March 12th, 2008 • Greater Community Bancorp • State commercial banks • New Jersey
This Agreement is made as of November 12, 2007 (the “Effective Date”), between Greater Community Bank (the “Bank”), a New Jersey commercial banking corporation, Greater Community Bancorp (“GCB”), a New Jersey business corporation (hereinafter collectively referred to as “the Company”) and Patricia Arnold (the “Executive”).
November 13, 2007Greater Community Bancorp • March 12th, 2008 • State commercial banks
As you are aware, Greater Community Bank (“GCB” or the “Company”) has entered into an agreement to be acquired by Oritani Financial Corp. (“OFC”). As part of this transaction, GCB will be merged into Oritani Savings Bank (“Oritani”) (references to GCB or the Company shall mean Oritani following the merger). The Board acknowledges there are varying degrees of risk and hard work for those involved.
