EMPLOYMENT AGREEMENTEmployment Agreement • June 9th, 2023 • NB Bancorp, Inc. • Massachusetts
This Employment Agreement (the “Agreement”) is made and entered into, by and among Needham Bank, a mutual cooperative bank having its principal place of business in Needham, Massachusetts (the “Bank”), and Joseph Campanelli, of Wellesley, Massachusetts (the “Executive;” collectively, the Bank and the Executive are the “Parties” or a “Party”) effective as of the date on which both Parties execute this Agreement below (the “Effective Date”). In the event the Bank reorganizes as the wholly owned or majority owned subsidiary of a mutual or stock holding company, any reference to the “Company” herein shall mean such parent corporation of the Bank.
CHANGE IN CONTROL AGREEMENTChange in Control Agreement • June 9th, 2023 • NB Bancorp, Inc. • Massachusetts
THIS CHANGE IN CONTROL AGREEMENT (this “Agreement”) is dated this ___ day of _______________, 2023, between Needham Bank, with its principal place of business in Needham, Massachusetts (the “Bank”) and [name] (the “Executive”). When used in this Agreement, the term “Company” shall refer to NB Bancorp, Inc., the holding company of the Bank.
March 14, 2023NB Bancorp, Inc. • June 9th, 2023
This letter sets forth the agreement between Needham Bank, Needham, Massachusetts (the “Bank”), a state-chartered co-operative bank wholly owned by NB Financial, Inc., which is a wholly owned subsidiary of NB Financial MHC (the mutual holding company), collectively “the Bank.” In this regard, the Bank has engaged RP Financial to provide the independent conversion appraisal services in conjunction with the conversion transaction. The scope, timing and fee structure for these appraisal services are described below.
