SETTLEMENT AGREEMENTSettlement Agreement • August 12th, 2014 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered • Massachusetts
This Settlement Agreement (the “Agreement”) is entered into as of August 5, 2014 by and among Maurice H. Sullivan, Jr. (the “Executive”), Independent Bank Corp., a Massachusetts corporation, and Rockland Trust Company, a wholly owned subsidiary of Independent Bank Corp. (collectively, “Buyer”), Peoples Federal Bancshares, Inc., a Maryland corporation (“Seller”) and Peoples Federal Savings Bank, a wholly owned subsidiary of the Seller (“Seller Bank”).
CONSULTING AND NON-COMPETITION AGREEMENT PartiesConsulting and Non-Competition Agreement • August 12th, 2014 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered • Massachusetts
This Consulting and Non-Competition Agreement (the “Agreement”) is by and between Rockland Trust Company, a Massachusetts-chartered trust company of 288 Union Street, Rockland, Massachusetts 02370 (the “Company”), and Thomas J. Leetch, Jr. (the “Consultant”).
