SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement and General Release • February 29th, 2008 • Provident Financial Services Inc • Savings institution, federally chartered
This is an Agreement by and between Provident Financial Services, Inc. (referred to as the “Company”), The Provident Bank (referred to as the “Bank”), and Kevin J. Ward (referred to as the “Executive”) (together the Company, the Bank and the Executive shall be referred to as the “Parties”), in consideration of the mutual promises and releases contained in this Agreement. The Company and the Executive also are the sole parties to that certain Employment Agreement between them, originally effective January 15, 2003, as amended by that certain Memorandum dated January 25, 2007, to Executive from Paul M. Pantozzi as Chairman and Chief Executive Officer of the Company (“the Employment Agreement”). The Employment Agreement provides, among other things, that it may be amended by a written instrument signed by both the Company and the Executive. The Company and the Executive agree that, to the extent specified in Section 18 below, this Agreement is an amendment and restatement of the Employmen
