Enterprise Bancorp Inc /Ma/ Sample Contracts

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ARTICLE I
Enterprise Bancorp Inc /Ma/ • March 24th, 1998 • State commercial banks
AMENDMENT NO. 1 TO
Employment Agreement • January 3rd, 2005 • Enterprise Bancorp Inc /Ma/ • State commercial banks
EXHIBIT 10.13 LEASE
Enterprise Bancorp Inc /Ma/ • March 24th, 1998 • State commercial banks
PURCHASE AND ASSUMPTION AGREEMENT by and among Fleet Financial Group, Inc., Fleet National Bank, Enterprise Bank and Trust Company
Purchase and Assumption Agreement • November 15th, 1999 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts
As Issuer, and UMB BANK, NATIONAL ASSOCIATION As Trustee INDENTURE Dated as of July 7, 2020 5.25% Subordinated Notes due 2030
Enterprise Bancorp Inc /Ma/ • July 7th, 2020 • State commercial banks • New York

This INDENTURE, dated as of July 7, 2020, is by and between Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and UMB Bank, National Association, a national banking association duly organized and existing under the laws of the United State of America, as trustee (the “Trustee”).

FORM OF DEPOSIT AGREEMENT
Deposit Agreement • August 9th, 2023 • Enterprise Bancorp Inc /Ma/ • State commercial banks • New York

This DEPOSIT AGREEMENT (“Deposit Agreement”) is made and entered into as of , 20 , by and among Enterprise Bancorp, Inc., a Massachusetts corporation, , and all holders from time to time of Receipts (as hereinafter defined) issued hereunder.

FORM OF REGISTRATION RIGHTS AGREEMENT
Form of Registration Rights Agreement • July 7th, 2020 • Enterprise Bancorp Inc /Ma/ • State commercial banks • New York

This REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is dated as of July 7, 2020 and is made by and among Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and the several purchasers of the Subordinated Notes (as defined below) identified on the signature pages to the Purchase Agreements (as defined below) (collectively, the “Purchasers”).

FORM OF SUBORDINATED NOTE PURCHASE AGREEMENT
Form of Subordinated Note Purchase Agreement • July 7th, 2020 • Enterprise Bancorp Inc /Ma/ • State commercial banks • New York

This SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of July 7, 2020, and is made by and among Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and the several purchasers of the Subordinated Notes (as defined herein) identified on the signature pages hereto (each a “Purchaser” and collectively, the “Purchasers”).

CHANGE IN CONTROL/NONCOMPETITION AGREEMENT
Change in Control/Noncompetition Agreement • December 22nd, 2010 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This Change in Control/Noncompetition Agreement (this “Agreement”) entered into on the 21st day of December 2010 (the “Effective Date”) by and among Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and its wholly owned subsidiary, Enterprise Bank and Trust Company, a Massachusetts bank and trust company with its main office in Lowell, Massachusetts (the “Bank”) (the Bank and the Company shall be hereinafter collectively referred to as the “Employers”), and James A. Marcotte of Londonderry, New Hampshire (the “Executive”).

LEASE
Enterprise Bancorp Inc /Ma/ • March 27th, 1997 • State commercial banks • Massachusetts
EMPLOYMENT AGREEMENT
Employment Agreement • December 24th, 2008 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This EMPLOYMENT AGREEMENT made and entered into on the 19th day of December, 2008, by and between Enterprise Bancorp, Inc., a Massachusetts corporation with a principal office at 222 Merrimack Street, Lowell, Massachusetts 01852 (“Company”) and its wholly owned subsidiary, Enterprise Bank and Trust Company, a Massachusetts trust company with its main office at 222 Merrimack Street, Lowell, Massachusetts 01852 (“Bank”) (Bank and Company being collectively referred to herein as “Employer”), and Richard W. Main, who resides at 1 Overlook Drive, Chelmsford, Massachusetts 01824 (the “Executive”), amends and restates the Employment Agreement dated as of January 1, 2004, as amended. The provisions of this Restatement are effective as of April 1, 2008 (the “Effective Date”).

ENTERPRISE BANK AND TRUST COMPANY FIRST AMENDMENT TO SALARY CONTINUATION AGREEMENT
Continuation Agreement • December 24th, 2008 • Enterprise Bancorp Inc /Ma/ • State commercial banks

THIS FIRST AMENDMENT is adopted this 19th day of December, 2008 by and between ENTERPRISE BANK AND TRUST COMPANY, a state-chartered commercial bank located in Lowell, Massachusetts (the “Bank”), and GEORGE L. DUNCAN (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • July 9th, 2015 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This EMPLOYMENT AGREEMENT (“Agreement”) made and entered into on the 9th day of July, 2015, by and between Enterprise Bancorp, Inc., a Massachusetts corporation with a principal office at 222 Merrimack Street, Lowell, Massachusetts 01852 (“Company”) and its wholly owned subsidiary, Enterprise Bank and Trust Company, a Massachusetts trust company with its main office at 222 Merrimack Street, Lowell, Massachusetts 01852 (“Bank and together with Company “Employer”), and Richard W. Main, who resides at 1 Overlook Drive, Chelmsford, Massachusetts 01824 (the “Executive”), amends and restates the Employment Agreement among the parties effective as of April 1, 2008, as amended by a First Amendment dated April 1, 2009 (the “2008 Agreement”). The 2008 Agreement amended and restated the Employment Agreement among the parties dated as of April 1, 2004 as amended. The provisions of this Restatement are effective as of July 1, 2015 (the “Effective Date”).

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ENTERPRISE BANCORP, INC. Nonqualified Stock Option Agreement
Nonqualified Stock Option Agreement • May 6th, 2009 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This Agreement is entered into as of this Xth day of XXXXX, 20XX by and between Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and (the “Optionee”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 12th, 2004 • Enterprise Bancorp Inc /Ma/ • State commercial banks

This Employment Agreement (this “Agreement”), dated as of April 1, 2004 (the “Effective Date”), is made by and among Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and its wholly owned subsidiary, Enterprise Bank and Trust Company, a Massachusetts trust company with its main office in Lowell, Massachusetts (the “Bank”) (the Bank and the Company being collectively referred to herein as the “Employers”), and John P. Clancy Jr., an individual residing at 11 Tanglewood Drive, Chelmsford, Massachusetts (the “Executive”). This Agreement shall be effective as of the date hereof (the “Effective Date”).

ENTERPRISE BANK AND TRUST COMPANY SUPPLEMENTAL LIFE INSURANCE AGREEMENT
Supplemental Life Insurance Agreement • July 20th, 2005 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

THIS SUPPLEMENTAL LIFE INSURANCE AGREEMENT (the “Agreement”) is adopted this 15th day of July, 2005, by and between ENTERPRISE BANK AND TRUST COMPANY, a state-chartered, commercial bank located in Lowell, Massachusetts (the “Bank”), and GEORGE L. DUNCAN (the “Executive”).

ENTERPRISE BANCORP, INC. Restricted Stock Agreement
Restricted Stock Agreement • March 13th, 2019 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This Agreement is entered into as of this 19th day of March, 2019 (the “Grant Date”) by and between Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and _____________(the “Grantee”). Capitalized terms used but not defined in this Agreement shall have the meanings assigned such terms in the Enterprise Bancorp, Inc. 2016 Stock Incentive Plan, as amended on October 16, 2018 (the “Plan”).

ENTERPRISE BANCORP, INC. Nonqualified Stock Option Agreement
Nonqualified Stock Option Agreement • March 13th, 2019 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This Agreement is entered into as of this 19th day of March, 2019 by and between Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and __________ (the “Optionee”). Capitalized terms used but not defined in this Agreement shall have the meanings assigned such terms in the Enterprise Bancorp, Inc. 2016 Stock Incentive Plan, as amended on October 16, 2018, (the “Plan”).

ENTERPRISE BANCORP, INC. Incentive Stock Option Agreement
Incentive Stock Option Agreement • May 10th, 2007 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This Agreement made as of this Xth day of XXXXX, 20XX by and between Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and NAME (the “Optionee”).

ENTERPRISE BANCORP, INC. Restricted Stock Agreement
Restricted Stock Agreement • May 10th, 2010 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This Agreement is entered into as of this XXth day of , XXXX (the “Grant Date”) by and between Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and (the “Grantee”).

ENTERPRISE BANK AND TRUST COMPANY SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • July 20th, 2005 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 15th day of July, 2005 by and between ENTERPRISE BANK AND TRUST COMPANY, a state-chartered commercial bank located in Lowell, Massachusetts (the “Bank”) and ROBERT R. GILMAN (the “Executive”). The purpose of this Agreement is to provide specified benefits to the Executive, a member of a select group of management or highly compensated employees who contribute materially to the continued growth, development, and future business success of the Bank. This Agreement shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended from time to time.

AMENDMENT NO. 1 TO RENEWAL RIGHTS AGREEMENT
Renewal Rights Agreement • January 11th, 2018 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts

This AMENDMENT NO. 1 TO RENEWAL RIGHTS AGREEMENT (this “Amendment”) is dated as of January 5, 2018 and amends that certain Renewal Rights Agreement dated as of December 11, 2007 (the “Rights Agreement”), by and between Enterprise Bancorp, Inc., a Massachusetts corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company (the “Rights Agent”). All capitalized terms used but not otherwise defined herein shall have the meaning given to such terms in the Rights Agreement.

AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT Dated as of December 13, 2006
Employment Agreement • March 16th, 2007 • Enterprise Bancorp Inc /Ma/ • State commercial banks

Reference is made to that certain Employment Agreement dated as of April 1, 2004, as amended by Amendment No. 1 thereto dated as of December 31, 2004 and Amendment No. 2 thereto dated as of October 17, 2006 (the “Agreement”), by and among Enterprise Bancorp, Inc. (the “Company”) and Enterprise Bank and Trust Company (the “Bank” and together with the Company, the “Employers”) and John P. Clancy, Jr. (the “Executive”).

NINTH AMENDMENT TO OPTION AGREEMENT
Option Agreement • September 9th, 2008 • Enterprise Bancorp Inc /Ma/ • State commercial banks

THIS NINTH AMENDMENT TO OPTION AGREEMENT (the “Amendment”) is made as of the 11th day of July, 2008 by and between Enterprise Bank and Trust Company (“Enterprise”) and Michael T. Putziger (“Putziger”).

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