Rockville Bank Employment Agreement Extension Notice with William J. McGurk

Summary

Rockville Bank and Rockville Financial, Inc. have notified William J. McGurk of their decision to extend his Employment Agreement, originally amended and restated as of January 1, 2009, for an additional year until December 31, 2010. The usual 60-day notice period for extension is waived for this year only, and this waiver does not apply to future years. The extension is effective upon Mr. McGurk's signature and return of the notice by December 31, 2009.

EX-10.1.1 2 y83184exv10w1w1.htm EX-10.1.1 exv10w1w1

EXHIBIT 10.1.1

ROCKVILLE BANK EXTENSION NOTICE AND AGREEMENT

Mr. William J. McGurk
21 Still Meadow Lane
Somers, CT 06071

Dear Mr. McGurk:

This notice is provided to you by Rockville Bank and Rockville Financial, Inc. (collectively, the “Bank”) in connection with your Employment Agreement, as amended and restated as of January 1, 2009 (the “Agreement”).

Section 2 of the Agreement allows for the extension of the term of the Agreement for a one-year period.

The Bank wishes and hereby does extend the term of the Agreement until December 31, 2010, subject to your counter-signature below and return of the signed document to the undersigned.

The Bank and the undersigned hereby waive the 60-day notice period otherwise required in Section 2 of the Agreement, it being agreed that waiver of that period this year does not constitute a waiver of the notice period for any subsequent year.

This notice shall constitute an offer which, if not accepted by signature of the Executive and return of the completed notice to the undersigned, shall expire on December 31, 2009 along with the Executive’s term of employment under the Agreement.


				Sincerely,

				/s/ Richard J. Trachimowicz

				Richard J. Trachimowicz,
				Senior Vice President

Notice acknowledged and accepted:

/s/ William J. McGurk				Date: December 17, 2009
William J. McGurk
President, Chief Executive Officer and Director