AMENDED AND RESTATED COLONIAL FEDERAL SAVINGS BANK SPLIT DOLLAR AGREEMENTSplit Dollar Agreement • September 9th, 2021 • CFSB Bancorp, Inc. /MA/ • Massachusetts
THIS AGREEMENT is made and entered into as of this 1st day of July, 2021, by and between COLONIAL FEDERAL SAVINGS BANK, a savings association located in Quincy, Massachusetts (the “Company”), and Paul N. Baharian (the “Director”). This Agreement shall append the Split Dollar Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties. This Agreement is an amendment and restatement of the Agreement originally effective as of January 1, 2002, which was amended as of May 20, 2008, and January 20, 2010. This amendment and restatement shall not by itself change any previous beneficiary designation or executed Split Dollar Policy Endorsement relating to the Agreement.
May 18, 2021CFSB Bancorp, Inc. /MA/ • September 9th, 2021 • Virginia
This letter sets forth the agreement whereby Colonial Federal Savings Bank, Quincy, Massachusetts (“Colonial” or the “Bank”), has engaged RP® Financial, LC. (“RP Financial”) for independent conversion appraisal services in conjunction with the minority stock offering in connection with the Bank’s proposed mutual holding company reorganization. The specific appraisal services to be rendered, along with the timing and fee structure for these appraisal services, are described below. These appraisal services will be directed by the undersigned, with the assistance of other Associates.
AMENDED AND RESTATED COLONIAL FEDERAL SAVINGS BANK EMPLOYMENT AGREEMENTColonial Federal Savings • September 9th, 2021 • CFSB Bancorp, Inc. /MA/ • Massachusetts
THIS AGREEMENT (the “Agreement”), made effective as of the 1st day of July, 2021, by and between COLONIAL FEDERAL SAVINGS BANK, a federally chartered savings bank (the “Bank”), and Susan J. Shea (“Executive”) constitutes an amendment and restatement of the employment agreement previously entered into by and between the Bank and Executive. As used in this Agreement, the term “Company” shall refer to any holding company of the Bank and any successor to a holding company of the Bank.
AMENDED AND RESTATED COLONIAL FEDERAL SAVINGS BANK EMPLOYMENT AGREEMENTColonial Federal Savings • September 9th, 2021 • CFSB Bancorp, Inc. /MA/ • Massachusetts
THIS AGREEMENT (the “Agreement”), made effective as of the 1st day of July, 2021, by and between COLONIAL FEDERAL SAVINGS BANK, a federally chartered savings bank (the “Bank”), and Michael E. McFarland (“Executive”) constitutes an amendment and restatement of the employment agreement previously entered into by and between the Bank and Executive. As used in this Agreement, the term “Company” shall refer to any holding company of the Bank and any successor to a holding company of the Bank.
COLONIAL FEDERAL SAVINGS BANK TWO-YEAR CHANGE IN CONTROL AGREEMENTFederal Savings Bank • September 9th, 2021 • CFSB Bancorp, Inc. /MA/ • Massachusetts
This AGREEMENT (“Agreement”) is hereby entered into effective as of the 1st day of July, 2021, by and between COLONIAL FEDERAL SAVINGS BANK (the “Bank”), a federally chartered savings bank, and Kemal A. Denizkurt (“Executive”). Following a Change in Control (as defined below), the term “Bank” shall refer to any successor to the Bank. As used in this Agreement, the term “Company” shall refer to any holding company of the Bank and any successor to a holding company of the Bank.
AMENDED AND RESTATED COLONIAL FEDERAL SAVINGS BANK GROUP TERM REPLACEMENT PLANGroup Term Replacement Plan • September 9th, 2021 • CFSB Bancorp, Inc. /MA/ • Massachusetts
THIS PLAN was originally entered into as of the 1st day of January, 2002, by and between COLONIAL FEDERAL SAVINGS BANK, a savings association, located in Quincy, Massachusetts (the “Company”) and the Participant selected to participate in this Plan (the “Participant”). This Plan is amended and restated in its entirety as of July 1, 2021.
