Retirement — Resignation and Transition Agreement Sample Contracts

RETIREMENT — RESIGNATION AND TRANSITION AGREEMENT

Retirement — Resignation and Transition Agreement • April 14th, 2008 • Sidhu Special Purpose Capital Corp. • Blank checks • Pennsylvania

• Contract Type
  Retirement — Resignation and Transition Agreement
• Filed
  April 14th, 2008
• Company
  Sidhu Special Purpose Capital Corp.
• Industry
  Blank checks
• Jurisdiction
  Pennsylvania

This RETIREMENT—RESIGNATION AND TRANSITION AGREEMENT (“Agreement”) is by and between Sovereign Bancorp, Inc. (“Bancorp”), a Pennsylvania corporation, and Sovereign Bank (“Bank,” and, collectively, with Bancorp, “Sovereign”), a Federal Savings Bank organized and existing under the laws of the United States, and Jay S. Sidhu (“Executive”), an individual residing in the Commonwealth of Pennsylvania. This Agreement is entered into as of October 10, 2006.