BERKSHIRE HILLS BANCORP, INC. BERKSHIRE BANK THREE YEAR CHANGE IN CONTROL AGREEMENTThree Year Change in Control Agreement • April 8th, 2011 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
This Change in Control Agreement (the “Agreement”) is entered into as of the 21st, day of December, 2010, and made effective as of the Effective Time, as defined below (for purposes of this Agreement, the “Effective Date”), by and among Berkshire Hills Bancorp, Inc., (the “Company”), a corporation organized under the laws of the State of Delaware, and its wholly-owned subsidiary, Berkshire Bank (the “Bank”), a state chartered savings Bank with its principal administrative offices at 24 North Street, Pittsfield, Massachusetts 01201, and Patrick J. Sullivan (“Executive”).
SETTLEMENT AGREEMENTSettlement Agreement • April 8th, 2011 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
This Settlement Agreement (the “Settlement Agreement”) is entered into as of December 21, 2010 and is effective as of the Closing Date (as defined below) by and between Berkshire Hills Bancorp, Inc., a Delaware corporation (“BHLB”), Legacy Bancorp, Inc. (“Legacy ”), a Delaware corporation, Legacy Banks (the “Bank”), a wholly-owned subsidiary of Legacy , and Patrick J. Sullivan (the “Executive”).
AMENDED AND RESTATED SETTLEMENT AGREEMENTSettlement Agreement • April 8th, 2011 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
This Amended and Restated Settlement Agreement (the “Settlement Agreement”) is entered into as of April 6, 2011 and is effective as of the Closing Date (as defined below) by and between Berkshire Hills Bancorp, Inc., a Delaware corporation (“BHLB”), Legacy Bancorp, Inc. (“Legacy”), a Delaware corporation, Legacy Banks (the “Bank”), a wholly-owned subsidiary of Legacy , and J. Williar Dunlaevy (the “Executive”).
SEVERANCE AGREEMENT FORSeverance Agreement • April 8th, 2011 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
This Severance Agreement (the “Agreement”) is entered into as of the 21st day of December, 2010 (the “Effective Date”), and made effective as of the Effective Time, as defined below (for purposes of this Agreement, the “Effective Date”), by and among Berkshire Hills Bancorp, Inc., a Delaware corporation (“BHLB”), and Berkshire Bank (“Berkshire Bank”), a state chartered savings Bank with its principal administrative offices at 24 North Street, Pittsfield, Massachusetts 01201, (the Company and the Bank shall hereinafter collectively be referred to as the “Employers”), and Patrick J. Sullivan (“Executive”).
NON-COMPETITION AND CONSULTING AGREEMENTNon-Competition and Consulting Agreement • April 8th, 2011 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
THIS NON-COMPETITION AND CONSULTING AGREEMENT (the “Agreement”) is made as of the sixth day of April, 2011, between Berkshire Hills Bancorp, Inc. (“BHLB”), a Delaware corporation, Berkshire Bank (“Berkshire Bank”), a wholly owned subsidiary of BHLB, and J. Williar Dunlaevy (“Consultant”).
