Non-Renewal Notice of Employment Agreement between BCB Community Bank and Kenneth Walter

Summary

BCB Community Bank has formally notified Kenneth Walter, its Chief Financial 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 to inform Mr. Walter that his employment contract will not be extended beyond its current term.

EX-10.3 4 ex10-3_051412.htm WALTER NON-RENEWAL NOTICE ex10-3_051412.htm

EXHIBIT 10.3

[Letterhead of BCB Community Bank]

May 10, 2012

Kenneth Walter, CFO

BCB Community Bank

104-110 Avenue C

Bayonne, NJ 07002

RE:

BCB COMMUNITY BANK/KENNETH

WALTER/EMPLOYMENT AGREEMENT

Dear Ken:

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 Kenneth Walter, 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 Ken Walter.5.10.12