EMPLOYMENT AGREEMENTEmployment Agreement • December 23rd, 2020 • Provident Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts
This Employment Agreement (the “Agreement”) is made as of the 17th day of December, 2020 (the “Effective Date”), by and between The Provident Bank, a state-chartered savings bank organized and existing under the laws of the Commonwealth of Massachusetts (the “Bank”), and Charles F. Withee of Hampton, New Hampshire (the “Executive”). References in this Agreement to the “Company” are to Provident Bancorp, Inc., the holding company of the Bank.
AMENDMENT ONE TO THE AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CHARLES F. WITHEEProvident Bancorp, Inc. /MD/ • December 23rd, 2020 • Savings institutions, not federally chartered
This Amendment One (the “Amendment”) is made to the Amended and Restated Supplemental Executive Retirement Agreement (the “SERP”), dated February 26, 2015, by and between The Provident Bank (the “Bank”) and Provident Bancorp, Inc. (the “Company”) (collectively, the “Employer”) and Charles F. Withee (the “Executive”). Capitalized terms not defined herein shall have the same meaning ascribed to them in the SERP.
DEFERRED CASH BONUS AGREEMENTDeferred Cash Bonus Agreement • December 23rd, 2020 • Provident Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts
THIS DEFERRED CASH BONUS AGREEMENT (this “Agreement”) is entered into as of December 23, 2020 (the “Effective Date”) by and between The Provident Bank (the “Bank”) and David P. Mansfield (the “Executive”); references to the “Company” herein means Provident Bancorp, Inc.; and
AMENDMENT ONE TO THE AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR DAVID P. MANSFIELDProvident Bancorp, Inc. /MD/ • December 23rd, 2020 • Savings institutions, not federally chartered
This Amendment One (the “Amendment”) is made to the Amended and Restated Supplemental Executive Retirement Agreement (the “SERP”), dated February 21, 2015, by and between The Provident Bank (the “Bank”) and Provident Bancorp, Inc. (the “Company”) (collectively, the “Employer”) and David P. Mansfield (the “Executive”). Capitalized terms not defined herein shall have the same meaning ascribed to them in the SERP.
