Rockville Bank Employment Agreement Extension Notice with Christopher E. Buchholz

Contract Categories: Human Resources › Employment Agreements
Summary

Rockville Bank and Rockville Financial, Inc. have notified Christopher E. Buchholz of their decision to extend his Employment Agreement for an additional year, until December 31, 2010. The extension is effective upon Mr. Buchholz's signature and return of the notice. The Bank has also waived the usual 60-day notice requirement for this extension, but this waiver applies only for this year. If Mr. Buchholz does not sign and return the notice by December 31, 2009, the offer and his employment term will expire on that date.

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EX-10.4.1 4 y83184exv10w4w1.htm EX-10.4.1 exv10w4w1
EXHIBIT 10.4.1
ROCKVILLE BANK EXTENSION NOTICE AND AGREEMENT
Mr. Christopher E. Buchholz
49 Coach Road
Glastonbury, CT 06033
Dear Mr. Buchholz:
     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/ Christopher E. Buchholz
 
Christopher E. Buchholz
      Date: December 18, 2009    
Executive Vice President, Rockville Bank