Amendment Number Five to Employee Stock Ownership Plan of Dime Community Bancshares, Inc. and Affiliates

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment updates the Employee Stock Ownership Plan (ESOP) of Dime Community Bancshares, Inc. and its affiliates by changing all references from “The Dime Savings Bank of Williamsburgh” or “the Bank” to “Dime Community Bank.” The amendment is effective as of a specified date in 2016 and was executed by Dime Community Bancshares, Inc. No other terms of the ESOP are changed by this amendment.

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EX-10.47 2 ex10_47.htm EXHIBIT 10.47
Exhibit 10.47
 
Employee Stock Ownership Plan of
 
Dime Community Bancshares, Inc. and Certain Affiliates
 
Amendment Number Five
 
Amendment Number Five to the Employee Stock Ownership Plan of Dime Community Bancshares, Inc. and Certain Affiliates (the "ESOP).
 
The ESOP is hereby amended as follows:
 
All references in the ESOP to “The Dime Savings Bank of Williamsburgh” or the “Bank” shall be deemed to refer to “Dime Community Bank”.

This Amendment to the ESOP is effective as of_______________, 2016 and was executed on _______________, 2016.

 
DIME COMMUNITY BANCSHARES, INC.