Amendment to Agreement for Compensation on Discharge Subsequent to a Change in ControlAgreement for Compensation on Discharge Subsequent to a Change in Control • November 2nd, 2006 • People's United Financial, Inc.
Amendment, dated as of December 22, 2005, to the Agreement for Compensation on Discharge Subsequent to a Change in Control (the “Agreement”), between People’s Bank (the “Bank”) and (the “Officer”). Capitalized terms that are not specifically defined herein shall have the meanings ascribed to those terms in the Agreement.
AGREEMENT FOR COMPENSATION ON DISCHARGE SUBSEQUENT TO A CHANGE IN CONTROLAgreement for Compensation on Discharge Subsequent to a Change in Control • February 2nd, 2007 • People's United Financial, Inc. • Savings institution, federally chartered • Connecticut
This Agreement does not constitute an employment agreement and nothing herein shall prevent the discharge of the Officer for any reason. The purpose of this Agreement is merely to provide assurance that if there is a Change In Control of the Bank or any successor and the Officer is discharged without cause as defined herein, the Officer will be entitled to receive payments as set forth below. This Agreement supersedes in its entirety any agreement for compensation on discharge subsequent to a Change In Control previously entered into by the Bank and the Officer.
