AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT between OCEANFIRST FINANCIAL CORP., and GRACE VALLACCHI [HOLDING COMPANY OFFICER FORM]Executive Employment Agreement • November 4th, 2021 • Oceanfirst Financial Corp • Savings institution, federally chartered • New Jersey
This Amended and Restated Executive Employment Agreement (“Agreement”), effective November 2, 2021 (the “Effective Date”), is between OceanFirst Financial Corp. (“Holding Company”), the holding company of OceanFirst Bank, N.A. (the “Bank,” and together with the Holding Company, the “Company”), and its successors and assigns and Grace Vallacchi (“Executive”) (collectively, the “Parties”), and replaces the Executive Employment Agreement executed by the Parties on October 23, 2017 (the “Original Employment Agreement”) In consideration of the foregoing promises and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Holding Company and Executive hereby agree to enter into an employment relationship in accordance with the terms and conditions set forth below. Capitalized terms have the meanings given to them in this Agreement or in the respective document referred to herein. In the event of a conflict between provisions of various doc
AMENDED AND RESTATED EXECUTIVE CHANGE IN CONTROL AGREEMENTExecutive Change in Control Agreement • November 4th, 2021 • Oceanfirst Financial Corp • Savings institution, federally chartered • New Jersey
OceanFirst Financial Corp. (“Company”), and its successors and assigns, and Grace Vallacchi (“Executive”) enter into this agreement (the “CIC Agreement”) to provide certain benefits to Executive in the event that Executive’s employment is terminated as a result of a Change in Control, as defined below. This CIC Agreement is executed in conjunction with an Executive Employment Agreement (“Agreement”) and a Confidentiality and Executive Restriction Agreement (“Confidentiality Agreement”) and provides consideration for the obligations thereunder, and amends and restates the Executive Change in Control Agreement between the Company and Executive dated October 23, 2017 (the “Original CIC Agreement”).
