Cambridge Bancorp Cambridge, Massachusetts 02138 As of April 26, 2019Severance Agreement • April 29th, 2019 • Cambridge Bancorp • State commercial banks • Massachusetts
As you know, you previously entered into a letter agreement with Cambridge Bancorp (the “Company”) dated May 18, 2016, and you subsequently agreed to amend and restate that letter agreement on November 20, 2018 (the “Prior Agreement”). The Prior Agreement set forth the severance benefits that the Company agreed provide to you in the event your employment with its subsidiary, Cambridge Trust Company (the “Bank”) is terminated under certain circumstances described therein. The Board of Directors of the Company (the “Board”) desires to amend and restate the Prior Agreement as set forth below (the “Agreement”).
