Form of Amended and Restated Employment Agreement between Newport Bancorp, Inc. and Executives NEWPORT BANCORP, INC. AMENDED AND RESTATED EMPLOYMENT AGREEMENT BETWEEN KEVIN M MCCARTHY, NINO MOSCARDI, RAY GILMORE AND BRUCE WALSHEmployment Agreement • March 26th, 2010 • Newport Bancorp Inc • Savings institution, federally chartered • Maryland
This Amended and Restated Three-Year Employment Agreement (the “Agreement”), by and among Newport Bancorp, Inc., a Maryland corporation (the “Company”), and ______________ (“Executive”), is hereby amended and restated effective as of __________ (the “Effective Date”). References to the “Bank” herein shall mean Newport Federal Savings Bank.
FIRST AMENDMENT TO SUPPLEMENTAL DIRECTOR RETIREMENT AGREEMENTSupplemental Director Retirement Agreement • March 26th, 2010 • Newport Bancorp Inc • Savings institution, federally chartered • Rhode Island
First Amendment, dated as of November__, 2008 (the “Amendment”), to the Supplemental Director Retirement Agreement, dated as of ________ __, 200_ (as amended, the “Agreement”), by and among Newport Federal Savings Bank (the “Bank”) and ______________ (the “Director”) is effective as of January 1, 2008. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.
FORM OF NEWPORT FEDERAL SAVINGS BANK AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • March 26th, 2010 • Newport Bancorp Inc • Savings institution, federally chartered • Rhode Island
This Amended and Restated Employment Agreement (the “Agreement”), by and between, Newport Federal Savings Bank, a federally chartered savings bank (the “Bank”), and ______________ (the “Executive”), is hereby amended and restated effective as of __________, ____. Any references to the “Company” shall mean Newport Bancorp, Inc., the stock holding company of the Bank.
