SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • May 11th, 2010 • Legacy Bancorp, Inc. • Savings institutions, not federally chartered • Massachusetts
This Separation Agreement and General Release (“Separation Agreement”) dated May 11, 2010 is entered into by and between Steven F. Pierce (“Executive” or “you”) and Legacy Bancorp, Inc. (the “Company”) and Legacy Banks (the “Bank”), and confirms the agreement that has been reached with you in connection with your termination of employment with the Bank, Company and any of the Bank’s affiliates and direct and indirect subsidiaries.
