0001193125-11-244622 Sample Contracts

FORM OF EMPLOYMENT AGREEMENT
Employment Agreement • September 9th, 2011 • Wellesley Bancorp, Inc. • Massachusetts

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of [DATE], by and among WELLESLEY BANCORP, INC., (the “Corporation”), WELLESLEY BANK, a wholly-owned subsidiary of the Corporation (the “Bank”), and THOMAS J. FONTAINE (the “Executive”). The Corporation and the Bank are sometimes referred to in this Agreement individually and together as the “Employer,” or “Employers.”

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AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • September 9th, 2011 • Wellesley Bancorp, Inc. • Massachusetts

THIS AGREEMENT, made and entered into this 17th day of October, 2007, by and between Wellesley Bank, a bank organized and existing under the laws of the Commonwealth of Massachusetts (hereinafter referred to as the “Bank”), and Thomas J. Fontaine, an Executive of the Bank (hereinafter referred to as the “Executive”), a member of a select group of management and highly compensated employees of the Bank shall amend and restate the Executive Salary Continuation Agreement effective June 1, 2007.

EMPLOYMENT AGREEMENT
Employment Agreement • September 9th, 2011 • Wellesley Bancorp, Inc. • Massachusetts

THIS AGREEMENT is made and entered into this 16th day of May, 2007 (the “Effective Date”), by and between Wellesley Bank, a bank organized and existing under the laws of the Commonwealth of Massachusetts (hereinafter referred to as the “Employer”) and Thomas J. Fontaine, a resident of the Commonwealth of Massachusetts (the “Employee”).

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