Rockville Bank Employment Agreement Extension Notice with Richard J. Trachimowicz

Summary

Rockville Bank and Rockville Financial, Inc. have notified Richard J. Trachimowicz of their decision to extend his employment agreement for one 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. Trachimowicz's signature and return of the notice. If not accepted by December 31, 2009, the offer and his employment term will expire on that date.

EX-10.5.1 5 y83184exv10w5w1.htm EX-10.5.1 exv10w5w1

EXHIBIT 10.5.1

ROCKVILLE BANK EXTENSION NOTICE AND AGREEMENT

Mr. Richard J. Trachimowicz
31 Oak Circle
Princeton, MA 01541

Dear Mr. Trachimowicz:

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/ Joseph F. Jeamel, Jr.

				Joseph F. Jeamel, Jr.
				Chief Operating Officer

Notice acknowledged and accepted:

/s/ Richard J. Trachimowicz Richard J. Trachimowicz				Date: December 17, 2009
Senior Vice President, Rockville Bank