November 4, 2015 Personal & Confidential Mark D. Thompson c/o Boston Private Financial Holdings Ten Post Office Square Boston, MA 02019 Re: Retirement Agreement Dear Mark:Retirement Agreement • November 9th, 2015 • Boston Private Financial Holdings Inc • State commercial banks • Massachusetts
You have expressed an interest in retiring from your employment and all positions that you hold with Boston Private Financial Holdings, Inc. (“BPFH” or the “Company”), Boston Private Bank & Trust Company (the “Bank”), and any and all other direct or indirect subsidiaries of BPFH (together with BPFH, and the Bank, the “Boston Private Entities”) in which you hold any position. This letter proposes an agreement between you and BPFH (the “Agreement”) to arrange for an orderly transition of your responsibilities and for you to receive certain vesting rights and other consideration both in recognition of your service and in exchange for the terms of this Agreement. This Agreement replaces the Company’s proposed letter agreement dated October 22, 2015 (the “Previous Proposal”).
