Westbury Bancorp, Inc. Sample Contracts

AMENDED AND RESTATED EMPLOYMENT AGREEMENT FOR RAYMOND F. LIPMAN
Employment Agreement • August 26th, 2015 • Westbury Bancorp, Inc. • State commercial banks • Wisconsin

This Amended and Restated Employment Agreement (this “Agreement”) is entered into on August 26, 2015 and made effective as of October 1, 2015 (the “Effective Date”), by and between Westbury Bank (the “Bank”) and Raymond F. Lipman (“Executive”). The Bank and Executive are sometimes collectively referred to herein as the “parties.” Any reference to the “Company” shall mean Westbury Bancorp, Inc., the holding company of the Bank. The Company is a signatory to this Agreement for the purpose of guaranteeing the Bank’s performance hereunder.

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CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • December 5th, 2017 • Westbury Bancorp, Inc. • State commercial banks • Wisconsin

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (this "Agreement") is entered into as of June 27, 2017 (the "Effective Date") by and between Glenn Stadler ("Executive") and WESTBURY BANK ("Bank").

WEST BEND SAVINGS BANK Salary Continuation Agreement Kirk Emerich
Salary Continuation Agreement • October 25th, 2012 • Westbury Bancorp, Inc. • Wisconsin

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 14th day of May, 2004, by and between WEST BEND SAVINGS BANK, a federal mutual savings bank located in West Bend, Wisconsin (the “Company”), and KIRK EMERICH (the “Executive”).

RP® FINANCIAL, LC. Advisory | Planning | Valuation
Westbury Bancorp, Inc. • October 25th, 2012

This letter sets forth the agreement between Westbury Bank, West Bend, Wisconsin (the “Bank”), the wholly-owned subsidiary of WBSB Bancorp, Inc. (the “Company”), which in turn is the wholly-owned subsidiary of WBSB Bancorp, MHC (the “MHC”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with the mutual-to-stock conversion transaction. The scope, timing and fee structure for these appraisal services are described below. These services will be conducted by our senior consulting staff and will be directed by the undersigned.

FORM OF TWO-YEAR CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • October 25th, 2012 • Westbury Bancorp, Inc. • Wisconsin

This Change in Control Agreement (the “Agreement”) is made effective as of the day of , 2012 (the “Effective Date”), by and between Westbury Bank (the “Bank”) and (“Executive”).

SPLIT-DOLLAR INSURANCE AGREEMENT
Split-Dollar Insurance Agreement • December 24th, 2015 • Westbury Bancorp, Inc. • State commercial banks • Wisconsin

THIS AGREEMENT made and entered into this 18th day of December, 2015, between WESTBURY BANK, a corporation with its principal office located in the State of Wisconsin (hereinafter referred to as the "Employer"), and GREG J. REMUS, (hereinafter referred to as the "Employee").

EMPLOYMENT AGREEMENT
Employment Agreement • October 25th, 2012 • Westbury Bancorp, Inc. • Wisconsin

This Agreement is entered into as of the 29th day of December, 2008, and effective as of the closing date (the “Effective Date”) of the Merger, as defined below, by and between West Bend Savings Bank (the “Bank”), a federally chartered stock savings bank, with its principal administrative office at 201 South Fifth Avenue, West Bend, Wisconsin 53095, WBSB Bancorp, Inc., a federally chartered corporation and the holding company of the Bank (the “Holding Company”), WBSB Bancorp, MHC, a federally chartered mutual holding company (“WBSB MHC”), and Raymond F. Lipman (“Executive”).

WESTBURY BANK SALARY CONTINUATION AGREEMENT
Westbury Bank Salary Continuation Agreement • December 23rd, 2015 • Westbury Bancorp, Inc. • State commercial banks • Wisconsin

THIS AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT (the "Agreement") is adopted this 18th day of December, 2015, by and between WESTBURY BANK (the "Company") and KIRK EMERICH (the "Executive").

AGREEMENT BY AND BETWEEN Westbury Bank West Bend, Wisconsin and The Comptroller of the Currency
Agreement by And • January 28th, 2013 • Westbury Bancorp, Inc. • State commercial banks

Westbury Bank, West Bend, Wisconsin (“Bank”) and the Comptroller of the Currency of the United States of America (“Comptroller” or “OCC”) wish to protect the interests of the depositors, other customers, and shareholders of the Bank, and, toward that end, wish the Bank to operate safely and soundly and in accordance with all applicable laws, rules and regulations.

KEEFE, BRUYETTE & WOODS
Westbury Bancorp, Inc. • October 25th, 2012

This letter confirms the engagement of Keefe, Bruyette & Woods, Inc. (“KBW”) to act as the conversion agent to WBSB Bancorp, MHC (the “MHC”), WBSB Bancorp, Inc. (the “Corporation”), and Westbury Bank (the “Bank”) in connection with the proposed conversion and reorganization from the mutual holding company form of organization to a stock holding company form of organization pursuant to a Plan of Conversion and Reorganization to be adopted by the MHC, the Corporation, and the Bank (the “Reorganization”). In order to effect the Reorganization, it is contemplated that the MHC will merge into the Corporation and the Corporation will merge into a new stock holding company (the “Holding Company”) and that the Holding Company will offer and sell shares of its common stock (the “Common Stock”) to eligible persons in a Subscription Offering, with any remaining shares offered to the general public in a Direct Community Offering (the Subscription Offering, the direct Community Offering and any Syn

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