EMPLOYMENT AGREEMENTEmployment Agreement • March 26th, 2015 • Georgetown Bancorp, Inc. • State commercial banks • Massachusetts
This Employment Agreement (this “Agreement”) is entered into on the 23rd day of March, 2015, and effective as of the 11th day of April, 2015, by and between Georgetown Bancorp, Inc., a Maryland corporation with its principal office in Georgetown, Massachusetts (the “Company”), and Joseph W. Kennedy (“Executive”) and is effective as of the closing date of the initial public offering of the Company (the “Effective Date”). The Board of Directors of the Company (the “Board”) shall be the authority for the enforcement of this Agreement. Any reference herein to the “Bank” shall mean Georgetown Bank, the wholly-owned subsidiary of the Company.
EMPLOYMENT AGREEMENTEmployment Agreement • March 26th, 2015 • Georgetown Bancorp, Inc. • State commercial banks • Massachusetts
This Employment Agreement (this “Agreement”) is entered into on the 23rd day of March, 2015, and made effective as of the 11th day of April, 2015 (the “Effective Date”), by and between Georgetown Bank, a federally chartered savings Bank with its principal office in Georgetown, Massachusetts (the “Bank”), and Robert E. Balletto (the “Executive”). The Board of Directors of the Bank (the “Board”) shall be the authority for the enforcement of this Agreement. Any reference herein to the “Company” shall mean Georgetown Bancorp, Inc., the stock holding company of the Bank.
