NON-COMPETITION AND NON-SOLICITATION AGREEMENTNon-Competition and Non-Solicitation Agreement • May 16th, 2024 • Provident Financial Services Inc • Savings institution, federally chartered • Delaware
THIS NON-COMPETITION AND NON-SOLICITATION AGREEMENT (the “Agreement”), dated as of September 26, 2022, by and among Provident Financial Services, Inc., a Delaware corporation (the “Company”), and Thomas J. Shara (“Executive”) is effective as of the Closing (as defined below) (the “Effective Date”). For purposes of this Agreement, Executive and the Company shall each be a “Party” and shall collectively be the “Parties”.
CHANGE IN CONTROL AGREEMENTChange in Control Agreement • May 16th, 2024 • Provident Financial Services Inc • Savings institution, federally chartered • Delaware
This Change in Control Agreement (this “Agreement”) is dated this 26th day of September 2022, to be effective as of the Effective Date (as defined herein), by and between Provident Financial Services, Inc., a Delaware corporation (the “Company”), and Thomas J. Shara (“Executive”). References to the “Bank” mean The Provident Bank, a New Jersey chartered savings bank and wholly owned subsidiary of the Company. The Company and the Bank are sometimes collectively referred to as “Employers.”
EXECUTIVE VICE CHAIRMAN AGREEMENTExecutive Vice Chairman Agreement • May 16th, 2024 • Provident Financial Services Inc • Savings institution, federally chartered • Delaware
This Agreement is dated this 26th day of September 2022 (this “Agreement”) to be effective as of the Effective Date as defined in Section 22 below, by and between Provident Financial Services, Inc. (the “Company”), a Delaware corporation, and Thomas J. Shara (“Executive”). References to the “Bank” mean Provident Bank, a New Jersey chartered savings bank and wholly owned subsidiary of the Company. The Company and the Bank are sometimes collectively referred to as “Employers.”
September 26, 2022 Mr. Thomas J. Shara President and Chief Executive Officer Dear Mr. Shara:Retention and Award Agreement • May 16th, 2024 • Provident Financial Services Inc • Savings institution, federally chartered • Delaware
This retention and award agreement (this “Agreement”) is entered into by Thomas J. Shara (the “Executive”) and Provident Financial Services, Inc. (the “Company”) in connection the Agreement and Plan of Merger by and among the Company, Lakeland Bancorp, Inc. (“LBAI”), and NL 239 Corp. (“Merger Sub”), dated as of September 26, 2022 (the “Merger Agreement”), pursuant to which Merger Sub will merge with and into LBAI effective as of the Effective Time (as defined in the Merger Agreement), and, as soon as reasonably practicable following the Effective Time, LBAI will merge with and into Polaris (the “Merger”) so that Polaris is the surviving corporation in the Merger.
