AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • December 20th, 2016 • NBT Bancorp Inc • National commercial banks • New York
This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of December 19, 2016, by and between MICHAEL J. CHEWENS (“Executive”) and NBT BANCORP INC., a Delaware corporation having its principal office in Norwich, New York (“NBTB”).
SUPPLEMENTAL RETIREMENT AGREEMENT EFFECTIVE DECEMBER 19, 2016Supplemental Retirement Agreement • December 20th, 2016 • NBT Bancorp Inc • National commercial banks
This NBT Bancorp Inc. Supplemental Executive Retirement Plan (the “Plan”) is effective as of December 19, 2016. The purpose of the Plan is to permit certain employees of NBT Bancorp Inc. (the “Company”), its subsidiary, NBT Bank, National Association (the “Bank”) and adopting affiliated employers to receive supplemental retirement income when such amounts would be due under the benefit and contribution formulas in the tax-qualified NBT Bancorp Inc. Defined Benefit Pension Plan and NBT Bancorp Inc. 401(k) and Employee Stock Ownership Plan but cannot be paid thereunder due to the reductions and other limitations imposed by Sections 401(a)(17), 401(k)(3), 401(m) and 415 of the Internal Revenue Code of 1986, as amended. Capitalized terms are defined in Article 1 below.
