Amendment to Agreement for Compensation on Discharge Subsequent to a Change in Control between People’s Bank and Officer
This amendment, effective December 22, 2005, updates the Agreement for Compensation on Discharge Subsequent to a Change in Control between People’s Bank and an Officer. The amendment extends the term of the agreement by changing the end date from December 31, 2005, to December 31, 2006. All other terms of the original agreement remain unchanged and in effect.
Exhibit 10.5(a)
Amendment to Agreement
for Compensation on Discharge Subsequent
to a Change in Control
Amendment, dated as of December 22, 2005, to the Agreement for Compensation on Discharge Subsequent to a Change in Control (the “Agreement”), between People’s Bank (the “Bank”) and (the “Officer”). Capitalized terms that are not specifically defined herein shall have the meanings ascribed to those terms in the Agreement.
1. Section 2(a) of the Agreement is amended by deleting the phrase “through December 31, 2005” contained therein and inserting in lieu thereof the phrase “through December 31, 2006.”
This Amendment is made supplemental to, and a part of, the Agreement and, except as expressly amended or modified by this Amendment, the Agreement shall remain in full force and effect. All references to “this Agreement” in the Agreement shall be a reference to the Agreement as amended hereby.
IN WITNESS WHEREOF, the parties have executed this Amendment effective as of the date written above.
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| [Officer] | ||
| PEOPLE’S BANK | ||
| By: |
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| [Officer] Executive Vice President | ||
