SEVERANCE AGREEMENTSeverance Agreement • March 15th, 2021 • Amalgamated Financial Corp. • State commercial banks • New York
This SEVERANCE AGREEMENT (this "Agreement") dated December 22, 2020, is entered into by and between Amalgamated Bank (the "Company") and Drew LaBenne (the "Executive"). The terms of this Agreement shall become effective upon the commencement of employment of a Chief Executive Officer of the Company, who is not an interim Chief Executive Officer, (the "Effective Date") and shall remain in effect until the 18-month anniversary of the Effective Date (such time period, the "Term").
RETENTION BONUS AGREEMENTRetention Bonus Agreement • March 15th, 2021 • Amalgamated Financial Corp. • State commercial banks • New York
This Retention Bonus Agreement (this "Agreement') is made and entered into by and between Amalgamated Bank, Inc. (the "Company") and Sam Brown (the "Executive"). This Agreement shall take effect on December 22, 2020 (the "Effective Date").
AMALGAMATED BANK 2019 EQUITY INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • March 15th, 2021 • Amalgamated Financial Corp. • State commercial banks
Amalgamated Bank (the “Bank”) hereby grants you restricted stock units through the Amalgamated Bank 2019 Equity Incentive Plan (the “Plan”), subject to certain restrictions as described herein and in your Retention Bonus Agreement dated December 22, 2020 (the “Retention Bonus Agreement”) (“Award,” “Restricted Stock Units” or “RSUs”).
TRANSITION AND SEPARATION AGREEMENT AND RELEASETransition and Separation Agreement • March 15th, 2021 • Amalgamated Financial Corp. • State commercial banks • New York
This Transition and Separation Agreement and Release (the “Agreement”), has been made and entered into as of October 12, 2020, by and between Amalgamated Bank (the “Company”) and Keith Mestrich (the “Executive”) (each a “Party” and collectively the “Parties”).
