WINCHESTER SAVINGS BANK EXECUTIVE DEFERRED COMPENSATION AGREEMENT, AS AMENDED AND RESTATEDExecutive Deferred Compensation Agreement • December 12th, 2024 • Winchester Bancorp, Inc./Md/ • Massachusetts
This EXECUTIVE DEFERRED COMPENSATION AGREEMENT (“Agreement”) originally entered into on April 12, 2023 (“Effective Date”), by and between Winchester Savings Bank (“Bank”), a state-chartered savings bank located in Winchester, Massachusetts, and John A. Carroll (“Executive”) is hereby amended and restated in its entirety effective January 1, 2025.
CHIEF FINANCIAL OFFICER EMPLOYMENT AGREEMENT, AS AMENDED AND RESTATEDChief Financial Officer Employment Agreement • December 12th, 2024 • Winchester Bancorp, Inc./Md/ • Massachusetts
This Employment Agreement (the “Agreement”) made and entered into as of the 6th day of December, 2024 and effective as of January 1, 2025 (“Effective Date”), by and among Winchester Savings Bank (the “Bank”), Winchester Bancorp, Inc., the mid-tier stock holding company (the “Company”) formed in connection with the reorganization of the Bank into the mutual holding company structure (“Reorganization”) and Elda Heller (“Executive”). The Bank and the Company are collectively referred to herein as the “Employers”.
CHIEF EXECUTIVE OFFICER EMPLOYMENT AGREEMENT, AS AMENDED AND RESTATEDChief Executive Officer Employment Agreement • December 12th, 2024 • Winchester Bancorp, Inc./Md/ • Massachusetts
This Employment Agreement (the “Agreement”) made and entered into as of the 6th day of December, 2024 and effective as of January 1, 2025 (“Effective Date”) by and between Winchester Savings Bank (the “Bank”), Winchester Bancorp, Inc., the mid-tier stock holding company (the “Company”) formed in connection with the reorganization of the Bank into the mutual holding company structure (“Reorganization”) and John A. Carroll (“Executive”). The Bank and the Company are collectively referred to herein as the “Employers”.
CHANGE IN CONTROL AGREEMENTChange in Control Agreement • December 12th, 2024 • Winchester Bancorp, Inc./Md/ • Massachusetts
THIS AGREEMENT is entered into as of December 6, 2024, and effective January 1, 2025, by and between WINCHESTER SAVINGS BANK (the “Bank”), PAUL CHEREMKA (the “Executive”) and WINCHESTER BANCORP, INC., the mid-tier stock holding company for the Bank (the “Company”), as guarantor (the “Agreement”).
August 26, 2024Appraisal Services Agreement • December 12th, 2024 • Winchester Bancorp, Inc./Md/
This letter sets forth the agreement whereby Winchester Savings Bank, Winchester, Massachusetts (“Winchester” or the “Bank”), has engaged RP® Financial, LC. (“RP Financial”) for independent conversion appraisal services in conjunction with the minority stock offering pursuant to the Bank’s proposed mutual holding company (“MHC”) reorganization. The specific appraisal services to be rendered, along with the timing and fee structure for these appraisal services, are described below. The undersigned will direct this engagement and will be assisted by other members of our staff, including Gregory E. Dunn, Director.
