SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • February 16th, 2010 • Magyar Bancorp, Inc. • Savings institution, federally chartered • New Jersey
THIS SEPARATION AGREEMENT AND GENERAL RELEASE (“Agreement”) entered into on this 22 day of December, 2009 by and between Magyar Bancorp, Inc., a Delaware corporation with its principal administrative office at 400 Somerset Street, New Brunswick, New Jersey 08901 (hereinafter “Magyar”) and Elizabeth E. Hance (“Hance”).
