EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • March 16th, 2009 • Bancorp Rhode Island Inc • National commercial banks
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is between Bank Rhode Island, a financial institution organized under the laws of the State of Rhode Island with its executive offices located at One Turks Head Place, Providence, Rhode Island 02903 (the “Bank”), Bancorp Rhode Island, Inc., a corporation organized under the laws of the State of Rhode Island and sole shareholder of the Bank (the “Company”), and Robert H. Wischnowsky of 3 Catalpa Way, Coventry, Rhode Island 02816 (the “Executive”).
December 15, 2008 Merrill W. Sherman Providence, Rhode Island 02906 Dear Ms. Sherman:Securities Purchase Agreement • March 16th, 2009 • Bancorp Rhode Island Inc • National commercial banks
Bancorp Rhode Island, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”) on December 19, 2008 (the “Closing Date”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
December 15, 2008 Linda H. Simmons South Dartmouth, Massachusetts 02748 Dear Ms. Simmons:Securities Purchase Agreement • March 16th, 2009 • Bancorp Rhode Island Inc • National commercial banks
Bancorp Rhode Island, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”) on December 19, 2008 (the “Closing Date”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
December 15, 2008 Mark J. Meiklejohn Kingston, Rhode Island 02881 Dear Mr. Meiklejohn:Securities Purchase Agreement • March 16th, 2009 • Bancorp Rhode Island Inc • National commercial banks
Bancorp Rhode Island, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”) on December 19, 2008 (the “Closing Date”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
BANK RHODE ISLAND SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN As Amended and RestatedSupplemental Executive Retirement Plan • March 16th, 2009 • Bancorp Rhode Island Inc • National commercial banks • Rhode Island
December 15, 2008 James V. DeRentis Providence, Rhode Island 02903 Dear Mr. DeRentis:Securities Purchase Agreement • March 16th, 2009 • Bancorp Rhode Island Inc • National commercial banks
Bancorp Rhode Island, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”) on December 19, 2008 (the “Closing Date”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
December 15, 2008 Robert H. Wischnowsky Coventry, Rhode Island 02816 Dear Mr. Wischnowsky:Compensation Agreement • March 16th, 2009 • Bancorp Rhode Island Inc • National commercial banks
Bancorp Rhode Island, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
