0001099958-04-000022 Sample Contracts

DEFERRED COMPENSATION AGREEMENT
Deferred Compensation Agreement • May 7th, 2004 • Santander Bancorp • National commercial banks • Puerto Rico

This agreement (the "Agreement"), executed this 1 day of March of 2004, and becoming effective as of today, by and between Banco Santander Puerto Rico (hereinafter referred to as the "Bank") and Mr. Anthony G. Boon Cruz (hereinafter referred to as the "Executive");

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