Non-Renewal Notice of Employment Agreement between BCB Community Bank and Thomas Coughlin

Summary

BCB Community Bank has formally notified Thomas Coughlin, its Chief Operating Officer, that it will not renew his Employment Agreement dated July 6, 2010. This decision was made by the Board of Directors and communicated in writing, as required by the agreement. The notice serves as official confirmation that the employment contract will not be extended beyond its current term.

EX-10.2 3 ex10-2_051412.htm COUGHLIN NON-RENEWAL NOTICE ex10-2_051412.htm

EXHIBIT 10.2

[Letterhead of BCB Community Bank]

May 10, 2012

Thomas Coughlin, Chief Operating Officer

BCB Community Bank

104-110 Avenue C

Bayonne, NJ 07002

RE:

BCB COMMUNITY BANK/THOMAS

COUGHLIN/EMPLOYMENT AGREEMENT

Dear Tom:

Pursuant to the vote of the Board of Directors ("Board") of BCB Community Bank ("BCB") at last night's Board meeting, please be advised that the Board, pursuant to Section 2(a) of the Employment Agreement between BCB Community Bank and Thomas Coughlin, dated as of July 6, 2010 ("Agreement"), has elected not to extend the term of the Agreement, and hereby gives you written notice of its non-renewal of the Agreement.

Thank you.

	Very truly yours,

	/s/ John J. Brogan, Esq.

	JOHN J. BROGAN, ESQ.
	GENERAL COUNSEL
	BCB COMMUNITY BANK

INTER-OFFICE DELIVERY

JBrogan/server/Executive Agreements.Letter to Tom Coughlin.5.10.12