Employment Agreement Between Bay State Bancorp, Inc. and Denise M. Renaghan

Summary

This agreement is between Bay State Bancorp, Inc. and Denise M. Renaghan, appointing her as Executive Vice President and Chief Operating Officer with a base salary of $175,000. The agreement outlines her employment terms, referencing a prior agreement except for changes in the signatory names, her position, and salary. John F. Murphy signs on behalf of the company. The contract sets the terms of Ms. Renaghan's employment, including her role and compensation.

EX-10.3 3 0003.txt EMPLOYMENT AGREEMENT Exhibit 10.3 Employment Agreement Between Bay State Bancorp, Inc and Denise M. Renaghan Exhibit 10.3 Ms. Renaghan's Employment is the same as the Employment Agreement in Exhibit 10.1, which is incorporated herein by reference except as to: (i) the name of the signatory, which is Denise M. Renaghan; (ii) the signatory for the Company, which is John F. Murphy; (iii) the position in Section 1, which is Executive Vice President and Chief Operating Officer; and (iv) the amount of the base salary in Section 3(a), which is $175,000.