0001144204-19-037898 Sample Contracts

Severance Compensation Agreement between Wellesley Bank and Ralph Letner
Severance Compensation Agreement • August 6th, 2019 • Wellesley Bancorp, Inc. • Savings institutions, not federally chartered

The purpose of this letter is to document the terms of the promotion at Wellesley Bank (The “Bank”) that have been discussed with you. These terms supersede any prior agreement with the Bank.

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Severance Compensation Agreement between Wellesley Bank and Michael W. Dvorak
Severance Compensation Agreement • August 6th, 2019 • Wellesley Bancorp, Inc. • Savings institutions, not federally chartered

The purpose of this letter is to document the terms of the severance compensation agreement at Wellesley Bank (The “Bank”) that have been discussed with you. These terms supersede any prior agreement, whether oral or written, with the Bank.

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