Cambridge Bancorp Cambridge, Massachusetts 02138Severance Agreement • March 12th, 2024 • Cambridge Bancorp • State commercial banks
As you know, you previously entered into a letter agreement with Cambridge Bancorp (the "Company") dated January 30, 2017, and you subsequently agreed to amend and restate that letter agreement on November 20, 2018 (the “Prior Agreement”). The Prior Agreement set forth the severance benefits that the Company agreed provide to you in the event your employment with its subsidiary, Cambridge Trust Company (the “Bank”) is terminated under certain circumstances described therein. The Board of Directors of the Company (the “Board”) desires to amend and restate the Prior Agreement as set forth below (the “Agreement”).
