CONFIDENTIAL – VIA HAND DELIVERY October 21, 2010 Mr. Thomas W. Barney Longmeadow, MA 01106Non-Solicitation and Non-Competition Agreement • October 25th, 2010 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
For the reasons that we have discussed, Berkshire Hills Bancorp, Inc. and Berkshire Bank (collectively, the "Company") and you have reached a mutual decision to terminate your employment effective January 7, 2011 or sooner, if mutually agreed upon. The Company desires to resolve any and all issues relating to the conclusion of your employment amicably and on mutually satisfactory terms. To that end, the Company is offering you a separation package in accordance with the terms of this Letter Agreement. Upon your signature, this Letter Agreement shall constitute the agreement between you and the Company on the terms of your separation from employment as follows:
NON-SOLICITATION AND NON-COMPETITION AGREEMENTNon-Solicitation and Non-Competition Agreement • October 25th, 2010 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
This Non-Solicitation and Non-Competition Agreement (this “Agreement”) dated October 21, 2010 between BERKSHIIRE HILLS BANCORP, INC., a Delaware corporation with a principal place of business located in Pittsfield, Massachusetts and THOMAS W. BARNEY of Longmeadow, Massachusetts (“Barney”).
