EMPLOYMENT AGREEMENTEmployment Agreement • May 22nd, 2024 • NBT Bancorp Inc • National commercial banks • New York
This EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of May 21, 2024, by and between SCOTT A. KINGSLEY (“Executive”) and NBT BANCORP INC., a Delaware corporation having its principal office in Norwich, New York (“NBTB”).
FIRST AMENDMENT TO SPLIT-DOLLAR AGREEMENTSplit-Dollar Agreement • May 22nd, 2024 • NBT Bancorp Inc • National commercial banks
This First Amendment (this “Amendment”) is entered into as of May 21, 2024, by and among NBT Bancorp, Inc., NBT Bank, N.A., and John H. Watt, Jr. in order to amend as follows that certain Split-Dollar Agreement, entered into as of May 9, 2017 (the “Split-Dollar Agreement”), by and among NBT Bancorp, Inc., NBT Bank, N.A., and John H. Watt, Jr.
Amendment to NBT Bancorp Inc. Supplemental Executive Retirement Plan and Supplemental Retirement Agreement for John H. Watt, Jr.NBT Bancorp Inc • May 22nd, 2024 • National commercial banks
The NBT Bancorp Inc. Supplemental Executive Retirement Plan, effective as of December 19, 2016, and the supplemental retirement agreement between NBT Bancorp Inc. and John H. Watt, Jr., are amended by the parties as follows:
SUPPLEMENTAL RETIREMENT AGREEMENTSupplemental Retirement Agreement • May 22nd, 2024 • NBT Bancorp Inc • National commercial banks
This NBT Bancorp Inc. Supplemental Executive Retirement Plan (the “Plan”) is effective as of May 21, 2024. The purpose of the Plan is to permit certain employees of NBT Bancorp Inc. (the “Company”), its subsidiary, NBT Bank, National Association (the “Bank”) and adopting affiliated employers to receive supplemental retirement income when such amounts would be due under the benefit and contribution formulas in the tax-qualified NBT Bancorp Inc. Defined Benefit Pension Plan and NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan but cannot be paid thereunder due to the reductions and other limitations imposed by Sections 401(a)(17), 401(k)(3), 401(m) and 415 of the Internal Revenue Code of 1986, as amended. Capitalized terms are defined in Article 1 below.
