EMPLOYMENT AGREEMENT FOR RAYMOND F. LIPMANEmployment Agreement • October 25th, 2012 • Westbury Bancorp, Inc. • Wisconsin
This Employment Agreement (this “Agreement”) is made effective as of , 2012 (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.
WEST BEND SAVINGS BANK Salary Continuation Agreement Kirk EmerichSalary 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 | ValuationWestbury 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 AGREEMENTChange 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”).
EMPLOYMENT AGREEMENTEmployment 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”).
KEEFE, BRUYETTE & WOODSWestbury 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
