Appointment of Successor Trustee for Bancorp Non-Qualified Deferred Compensation Plan Trust
NewBridge Bancorp, acting through its President and CEO, appoints NewBridge Bank as the new trustee for the Directors and Senior Management Deferred Compensation Plan and Directors Retirement Policy Trust, effective March 5, 2012. The transfer of trust assets from the previous trustee, Regions Bank, to NewBridge Bank will occur as soon as administratively practical. This document formalizes the change in trustee and is accepted by NewBridge Bank.
Exhibit 10.35
APPOINTMENT OF SUCCESSOR TRUSTEE
Pursuant to the authority delegated to me by resolutions of the Compensation Committee of the Board of Directors of NewBridge Bancorp and NewBridge Bank on October 12, 2011 and ratified by the Board of Directors of both companies on October 19, 2011, and by Section 15(a) of the Trust Agreement for the Directors and Senior Management Deferred Compensation Plan and Directors Retirement Policy (the “Trust”), I hereby appoint NewBridge Bank as Successor Trustee of the Trust effective March 5, 2012, with the transfer of assets to occur as soon as administratively practicable following that date at such time and in such matter as determined by the resigning Trustee, Regions Bank, and the successor Trustee, NewBridge Bank.
This the 5th day of March, 2012.
| NEWBRIDGE BANCORP | ||||||
| By: | ||||||
| Name: | ||||||
| Title: | President and Chief Executive Officer | |||||
| ACCEPTED: | NEWBRIDGE BANK | |||||
| By: | ||||||
| Name: | ||||||
| Title: | ||||||
