0001046025-20-000157 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • June 30th, 2020 • Heritage Financial Corp /Wa/ • Savings institutions, not federally chartered • Washington

This EMPLOYMENT AGREEMENT is made and entered into on June 25, 2020, effective as of July 1, 2020, by and between HERITAGE FINANCIAL CORPORATION and TONY CHALFANT. As used in this Agreement, capitalized terms have the meanings set forth in Section 20.

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HERITAGE FINANCIAL CORPORATION DEFERRED COMPENSATION PLAN PARTICIPATION AGREEMENT
Participation Agreement • June 30th, 2020 • Heritage Financial Corp /Wa/ • Savings institutions, not federally chartered

This Participation Agreement (“Participation Agreement”) is entered into as of June 25, 2020, effective as of July 1, 2020 (the “Award Date”), by and between HERITAGE FINANCIAL CORPORATION (the “Company”) and TONY CHALFANT, an employee of the Company (the “Participant”). Except for terms defined herein, any capitalized term in this Participation Agreement has the meaning ascribed to that term under the Heritage Financial Corporation Deferred Compensation Plan, as amended (the “Plan”).

TRANSITIONAL RETIREMENT AGREEMENT
Transitional Retirement Agreement • June 30th, 2020 • Heritage Financial Corp /Wa/ • Savings institutions, not federally chartered • Washington

This TRANSITIONAL RETIREMENT AGREEMENT (the “Agreement”) is made and entered into on June 25, 2020, effective as of August 1, 2020 (the “Effective Date”), by and between HERITAGE FINANCIAL CORPORATION and DAVID A. SPURLING. Unless specifically defined herein, capitalized terms have the meanings set forth in the Prior Agreement.

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