Abington Bancorp Inc Sample Contracts

Abington Bancorp Inc – THIS AGREEMENT INCLUDES A GENERAL RELEASE OF CLAIMS. FEEL FREE TO TAKE 21 DAYS TO CONSIDER THIS AGREEMENT BEFORE SIGNING IT. WE ALSO ADVISE YOU TO CONSULT A LAWYER PRIOR TO SIGNING THIS AGREEMENT. YOU HAVE 7 DAYS AFTER YOU SIGN THIS AGREEMENT TO REVOKE IT. SEVERANCE AGREEMENT CONTAINING GENERAL RELEASE OF EMPLOYEE’S RIGHTS (August 14th, 2003)

This Severance Agreement Containing a General Release of my Rights (Agreement) is entered into between myself, Robert M. Lallo, Holliston, MA 01746 (“Mr. Lallo”), and the Abington Bancorp, Inc. (Abington Bancorp, Inc., together with its direct and indirect subsidiaries is hereinafter referred to as “Abington Savings Bank”), on the date on which I sign it.  In consideration of the covenants undertaken, the releases contained in this Agreement, and the promises made in this Agreement, the Abington Savings Bank  and I hereby agree as follows:

Abington Bancorp Inc – Contract (July 24th, 2003)

(Dollars in thousands) June 30 December 31 June 30 2003 2002 2002 ------- ----------- ------- Assets (Restated) Cash and due from banks $ 32,954 $ 31,238 $ 31,886 Short-term investments 2,640 77,878 435 -------- -------- -------- Total cash and cash equivalents 35,594 109,116 32,321 -------- -------- -------- Loans held for sale 19,602 35,629 9,733 Securities ava

Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (May 15th, 2003)

THIS AGREEMENT is dated as of the 24th day of April, 2003 by and among Abington Bancorp, Inc., a Massachusetts corporation (the “Company”), its subsidiary, Abington Savings Bank, a Massachusetts savings bank with its main office in Abington, Massachusetts (the “Bank”; the Company and the Bank are sometimes collectively referred to herein as the “Employers”) and W. Cleveland Cogswell, an individual currently employed by the Bank in the capacity of Senior Vice President, Consumer Banking (the “Executive”).

Abington Bancorp Inc – ABINGTON BANCORP, INC. FORMER DIRECTOR ADVISORY BOARD SERVICE PLAN (November 15th, 2002)

It is the purpose of this Plan to encourage Directors who have made significant contributions to Abington Bancorp, Inc. (the “Holding Company”) and to Abington Savings Bank (the “Bank”) to consider voluntarily transitioning off the Boards of Directors in order to provide opportunities for increased diversity on the Boards and generally to permit others to serve on the Boards, while at the same time preserving for the benefit of the Holding Company and the Bank the benefit of the knowledge, business judgment and business contacts that the former Directors can continue to provide to each of the Bank and the Holding Company.

Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (November 15th, 2002)

THIS AGREEMENT is dated as of the 1st day of October, 2002 by and among Abington Bancorp, Inc., a Massachusetts corporation (the “Company”), its subsidiary, Abington Savings Bank, a Massachusetts savings bank with its main office in Abington, Massachusetts (the “Bank”; the Company and Bank are sometimes collectively referred to herein as the “Employers”), and Donna L. Thaxter, an individual currently employed by the Bank in the capacity of Senior Vice President, Human Resources (the “Executive”).

Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (November 15th, 2002)

THIS AGREEMENT is dated as of the twenty-fourth day of October, 2002 by and among Abington Bancorp, Inc., a Massachusetts corporation (the “Company”), its subsidiary, Abington Savings Bank, a Massachusetts savings bank with its main office in Abington, Massachusetts (the “Bank”; the Company and Bank are sometimes collectively referred to herein as the “Employers”), and Julie Jenkins, an individual currently employed by the Bank in the capacity of Senior Vice President (the “Executive”).

Abington Bancorp Inc – Lease Agreement (August 14th, 2002)

THIS INSTRUMENT IS A LEASE, dated as of March - 29, 2002, in which the Landlord and the Tenant are the parties hereinafter named, and which relates to space in a building (the “Building”) known as Weymouth Woods Corporate Center located at 97 Libbey Industrial Parkway, Weymouth, Massachusetts.  The parties to this instrument hereby agree with each other as follows:

Abington Bancorp Inc – NEWS RELEASE (December 14th, 2001)

ABINGTON, MA, December 14, 2001 - Abington Bancorp, Inc. announced today that it has sold a corporate bond investment at a loss of $2.2 million, which will reduce its earnings for 2001 and will result in a net loss for the fourth quarter.  This bond represented the only corporate bond investment that the Company held which had been downgraded to a below-investment-grade rating.  Management concluded that the recording of a loss was necessary, whether or not the bond was sold, in light of the bond issuer’s financial condition.

Abington Bancorp Inc – SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT (November 13th, 2001)

This Agreement is made and entered into as of August 23, 2001 and effective as of the Effective Date by and between Abington Savings Bank, a Bank organized and existing under the laws of The Commonwealth of Massachusetts (the “Bank”) and a wholly-owned subsidiary of Abington Bancorp, Inc. (the “Holding Company”), and James P. McDonough, a key employee and executive of the Bank (the “Executive”).

Abington Bancorp Inc – ABINGTON SAVINGS BANK DEFINED CONTRIBUTION SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT (August 10th, 2001)

This Agreement, made and entered into as of July 26, 2001 by and between Abington Savings Bank, a Bank organized and existing under the laws of The Commonwealth of Massachusetts (the “Bank”) and a wholly-owned subsidiary of Abington Bancorp, Inc. (the “Holding Company”), and Robert M. Lallo, a key employee and executive of the Bank (the “Executive”).  The effective date of this Agreement shall be July 26, 2001.

Abington Bancorp Inc – LONG TERM PERFORMANCE INCENTIVE PLAN (August 10th, 2001)

The bank’s Long Term Performance Incentive Plan provides for the annual grant of stock options of the bank’s common stock to executive management and members of the board of directors subject to the achievement of the bank’s annual business plan.  The program incorporates incentive stock options (ISO’s) as well as non-qualified stock options (NSO’s) for management while using NSO’s for non-employee directors.

Abington Bancorp Inc – ABINGTON SAVINGS BANK DEFINED CONTRIBUTION SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT (August 10th, 2001)

This Agreement, made and entered into as of July 26, 2001 by and between Abington Savings Bank, a Bank organized and existing under the laws of The Commonwealth of Massachusetts (the “Bank”) and a wholly-owned subsidiary of Abington Bancorp, Inc. (the “Holding Company”), and Kevin M. Tierney, Sr., a key employee and executive of the Bank (the “Executive”).  The effective date of this Agreement shall be July 26, 2001.

Abington Bancorp Inc – ABINGTON BANCORP, INC. BOARD OF DIRECTORS TRANSITION AND RETIREMENT PLAN JUNE 22, 2000 PURPOSE OF PLAN: This Plan is intended to encourage Directors who have made significant contributions to the Bank and the Holding Company to consider voluntarily transitioning off the Board of Directors in order to provide opportunities for increased diversity on the Board and generally to permit others to serve on the Board, to serve as a source of new ideas, business networking and community input to the Bank and the Holding Company. MINIMUM SERVICE REQUIREMENTS: - To be eligible a Director must have serve (August 11th, 2000)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (March 28th, 2000)
Abington Bancorp Inc – SENIOR MANAGEMENT INCENTIVE PLAN (March 28th, 2000)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (November 12th, 1998)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (August 10th, 1998)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (May 8th, 1998)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (May 8th, 1998)
Abington Bancorp Inc – SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT (May 8th, 1998)
Abington Bancorp Inc – AMENDMENT TO LEASE (March 25th, 1998)
Abington Bancorp Inc – LONG TERM PERFORMANCE INCENTIVE PLAN (August 13th, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (August 13th, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (August 13th, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (August 13th, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (August 13th, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (August 13th, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (March 31st, 1997)
Abington Bancorp Inc – INCENTIVE AND NONQUALIFIED STOCK OPTION PLAN (March 31st, 1997)
Abington Bancorp Inc – AGREEMENT OF LEASE (March 31st, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (March 31st, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (March 31st, 1997)
Abington Bancorp Inc – LONG TERM PERFORMANCE INCENTIVE PLAN (March 31st, 1997)
Abington Bancorp Inc – SPECIAL TERMINATION AGREEMENT (March 31st, 1997)