Second Amendment to Employment Agreement between United Bank, United Financial Bancorp, Inc., and Richard B. Collins
This amendment extends the employment agreement between United Bank, United Financial Bancorp, Inc., and Richard B. Collins by one year, changing the termination date from July 1, 2013, to July 1, 2014. All other terms of the original agreement remain unchanged. The amendment is effective as of August 16, 2012, and is agreed to by all parties involved.
Exhibit 10.0
Second Amendment to the Employment Agreement
By and Between United Bank, United Financial Bancorp, Inc. and Richard B. Collins
WHEREAS, United Bank (the Bank) and United Financial Bancorp, Inc. (the Company) maintain an employment agreement with Richard B. Collins (the Executive);
WHEREAS, Section 2(a) of the Agreement provides the Agreement will terminate on July 1, 2013, unless extended by mutual agreement of the parties to the Agreement;
WHEREAS, the Bank, the Company and the Executive wish to amend the Agreement to extend the term of the Agreement from July 1, 2013 to July 1, 2014;
WHEREAS, Section 15 of the Agreement provides for the amendment of the Agreement by written agreement of the parties;
NOW, THEREFORE, in consideration of the mutual covenants herein contained, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Bank, the Company and the Executive hereby agree as follows:
Effective August 16, 2012, Section 2(a) of the Agreement is hereby amended by replacing July 1, 2013 with July 1, 2014.
In all other respects, the parties hereby ratify and affirm the terms of the Agreement.
IN WITNESS WHEREOF, the Bank, the Company and the Executive have caused this Second Amendment to be executed on the 16th day of August, 2012.
UNITED BANK | ||
By: | /s/ Robert A. Stewart, Jr. | |
Robert A. Stewart, Jr. Lead Director |
UNITED FINANCIAL BANCORP, INC. | ||
By: | /s/ Robert A. Stewart, Jr. | |
Robert A. Stewart, Jr. Lead Director |
/s/ Richard B. Collins |
Richard B. Collins |