RP® FINANCIAL, LC.Appraisal Services Agreement • September 10th, 2018 • Rhinebeck Bancorp, Inc.
This letter sets forth the agreement between Rhinebeck Bank, Poughkeepsie, New York (the “Bank”), the wholly-owned subsidiary of Rhinebeck Bancorp, MHC, and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent appraisal services in conjunction with the minority stock offering concurrent with the formation of a mid-tier holding company (the “Company”). The scope, timing and fee structure for these appraisal services are described below.
CHANGE IN CONTROL AGREEMENTChange in Control Agreement • September 10th, 2018 • Rhinebeck Bancorp, Inc. • New York
This Change in Control Agreement (this “Agreement”) is made and entered into effective as of August 28, 2018 (the “Effective Date”), by and between Rhinebeck Bank, a New York-chartered savings bank with its principal place of business in Rhinebeck, New York (the “Bank”) and James McCardle (“Executive”). Any reference to the “Company” shall mean any newly-formed the stock holding company of the Bank, or any successor thereto.
EMPLOYMENT AGREEMENTEmployment Agreement • September 10th, 2018 • Rhinebeck Bancorp, Inc. • New York
This Employment Agreement (the “Agreement”) is made and entered into, effective as of September 6, 2018 (the “Effective Date”), by and between Rhinebeck Bank, a New York-chartered savings bank with its principal place of business in Rhinebeck, New York (the “Bank”) and Michael J. Quinn (“Executive”). Any reference to the “Company” shall mean any newly-formed the stock holding company of the Bank, or any successor thereto.
Rhinebeck Savings Bank New Director Fee Continuation Plan AgreementNew Director Fee Continuation Plan Agreement • September 10th, 2018 • Rhinebeck Bancorp, Inc. • New York
This New Director Fee Continuation Plan Agreement (this “Agreement”) is adopted this 1st day of January, 2008, by and between Rhinebeck Savings Bank, a state savings bank located in Poughkeepsie, New York (the “Bank”), and Joseph A. Bahnatka, Jr. (the “Director”).
Rhinebeck Savings Bank Supplemental Executive Retirement AgreementSupplemental Executive Retirement Agreement • September 10th, 2018 • Rhinebeck Bancorp, Inc. • New York
This Supplemental Executive Retirement Agreement (this “Agreement”) is adopted this 1st day of January, 2008, by and between Rhinebeck Savings Bank, a state savings bank located in Poughkeepsie, New York (the “Bank”), and Michael J. Quinn (the “Executive”).
Rhinebeck Savings Bank New Director Fee Continuation Plan AgreementNew Director Fee Continuation Plan Agreement • September 10th, 2018 • Rhinebeck Bancorp, Inc. • New York
This New Director Fee Continuation Plan Agreement (this “Agreement”) is adopted this 1st day of January, 2008, by and between Rhinebeck Savings Bank, a state savings bank located in Poughkeepsie, New York (the “Bank”), and Frederick Battenfeld (the “Director”).
New Director Fee Continuation Plan AgreementNew Director Fee Continuation Plan Agreement • September 10th, 2018 • Rhinebeck Bancorp, Inc. • New York
This New Director Fee Continuation Plan Agreement (this “Agreement”) is adopted this 1st day of January, 2008, by and between Rhinebeck Savings Bank, a state savings bank located in Poughkeepsie, New York (the “Bank”), and William C. Irwin (the “Director”).
