FIFTH AMENDMENT TO SEVERANCE AGREEMENT MADE AS OF DECEMBER 4, 2002
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Human Resources
- Severance Agreements
EX-10.2 3 ex102.htm
Exhibit 10.2
FIFTH AMENDMENT TO SEVERANCE AGREEMENT
MADE AS OF DECEMBER 4, 2002
Robert W. Dowens, Sr. (the “Employee”) and The Town Bank, formerly known as The Town Bank of Westfield (the “Bank”) have previously entered into a Severance Agreement made as of December 4, 2002, as amended (the “Agreement”). The parties have agreed that the term of that Agreement should be extended and, accordingly, agree:
| (1) | The reference to September 30, 2006 in Paragraph 2 of the Agreement is hereby amended to read December 31, 2006. |
| (2) | Except for that change, the Agreement shall remain in full force and effect and the parties hereby ratify and affirm all terms of the Agreement. |
WITNESS:
| /s/ EDWIN WIJTASZEK | /s/ ROBERT W. DOWENS, SR. | |
| ROBERT W. DOWENS, SR., EMPLOYEE |
| ATTEST: | THE TOWN BANK |
| /s/ ZACK HUGHES | BY: /s/ JOSEPH F.X. O’SULLIVAN | |
| JOSEPH F.X. O’SULLIVAN, CHAIRMAN OF THE BOARD OF DIRECTORS |
September 20, 2006
