Assignment Agreement between Hudson City Bancorp, Inc. and Employee Stock Ownership Plan Trust of Hudson City Savings Bank
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Summary
This agreement is between Hudson City Bancorp, Inc. (the lender) and the Employee Stock Ownership Plan Trust of Hudson City Savings Bank (the borrower). The borrower assigns to the lender all rights to certain shares of the lender's common stock purchased with a loan from the lender. The borrower agrees to transfer and endorse the stock certificates to the lender as required by the related loan and pledge agreements. This assignment secures the lender's interest in the shares until the loan obligations are met.
EX-10.35 16 y18482exv10w35.htm EX-10.35: FORM OF ASSIGNMENT EX-10.35
EXHIBIT 10.35
FORM OF ASSIGNMENT
In consideration of the loan made by Hudson City Bancorp, Inc. (“Lender”) to the Employee Stock Ownership Plan Trust of Hudson City Savings Bank (“Borrower”) pursuant to the Loan Agreement between the Lender and the Borrower of even date herewith (“Loan Agreement”) and pursuant to the Pledge Agreement between the Lender and the Borrower of even date herewith pertaining thereto, subject to the terms of the Loan Agreement and the Pledge Agreement, the undersigned Borrower hereby transfers, assigns and conveys to Lender all its right, title and interest in and to those certain shares of common stock of the Lender which it shall purchase with the proceeds of the loan made pursuant to the Loan Agreement, and agrees to transfer and endorse to Lender the certificates representing such shares as and when required pursuant to the Loan Agreement or Pledge Agreement.
| Employee Stock Ownership Plan Trust of Hudson City Savings Bank | ||||
| By: | GreatBanc Trust Company, as Trustee and not in any other capacity | |||
| By: | /s/ Stephen J. Hartman, Jr. | |||
| Title: | Senior Vice President | |||
June 21, 2005
